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FINANCIAL REPORTING BY BUSINESS SEGMENTS (Tables) | 6 Months Ended
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Jun. 30, 2024
FINANCIAL REPORTING BY BUSINESS SEGMENTS |
Segments' Internal Financial Reports | The following information is derived directly from the segments’ internal financial reports used for corporate management purposes (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023 |
Revenues: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Hospitality | ​ | $ | 519,087 | ​ | $ | 417,685 | ​ | $ | 980,557 | ​ | $ | 842,124 | ​
Entertainment | ​ |  | 94,203 | ​ |  | 87,158 | ​ |  | 161,078 | ​ |  | 154,438 | ​
Corporate and Other | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​
Total | ​ | $ | 613,290 | ​ | $ | 504,843 | ​ | $ | 1,141,635 | ​ | $ | 996,562 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Hospitality | ​ | $ | 50,553 | ​ | $ | 42,646 | ​ | $ | 100,783 | ​ | $ | 85,521 | ​
Entertainment | ​ |  | 7,766 | ​ |  | 5,402 | ​ |  | 14,506 | ​ |  | 10,667 | ​
Corporate and Other | ​ |  | 234 | ​ |  | 209 | ​ |  | 466 | ​ |  | 426 | ​
Total | ​ | $ | 58,553 | ​ | $ | 48,257 | ​ | $ | 115,755 | ​ | $ | 96,614 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating income (loss): | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Hospitality | ​ | $ | 151,885 | ​ | $ | 107,733 | ​ | $ | 254,070 | ​ | $ | 213,803 | ​
Entertainment | ​ |  | 26,877 | ​ |  | 24,668 | ​ |  | 34,425 | ​ |  | 35,249 | ​
Corporate and Other | ​ |  | (9,636) | ​ |  | (10,094) | ​ |  | (21,822) | ​ |  | (20,905) | ​
Preopening costs | ​ |  | (1,055) | ​ |  | (67) | ​ |  | (2,491) | ​ |  | (257) | ​
Gain on sale of assets | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 270 | ​ | ​ | — | ​
Total operating income | ​ |  | 168,071 | ​ |  | 122,240 | ​ |  | 264,452 | ​ |  | 227,890 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense | ​ |  | (56,577) | ​ |  | (49,179) | ​ |  | (117,020) | ​ |  | (91,707) | ​
Interest income | ​ |  | 7,064 | ​ |  | 5,318 | ​ |  | 14,586 | ​ |  | 7,865 | ​
Loss on extinguishment of debt | ​ | ​ | (1,797) | ​ | ​ | (2,252) | ​ | ​ | (2,319) | ​ | ​ | (2,252) | ​
Income (loss) from unconsolidated joint ventures | ​ |  | 183 | ​ |  | (2,153) | ​ |  | 215 | ​ |  | (4,959) | ​
Other gains and (losses), net | ​ |  | (4) | ​ |  | (287) | ​ |  | 317 | ​ |  | (523) | ​
Income before income taxes | ​ | $ | 116,940 | ​ | $ | 73,687 | ​ | $ | 160,231 | ​ | $ | 136,314 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31,
​ | ​ | 2024 | ​ | 2023
Total assets: |  | ​ |  |  | ​ |
Hospitality | ​ | $ | 3,915,838 | ​ | $ | 4,039,804
Entertainment | ​ |  | 645,385 | ​ |  | 610,663
Corporate and Other | ​ |  | 578,735 | ​ |  | 538,070
Total assets | ​ | $ | 5,139,958 | ​ | $ | 5,188,537
​

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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