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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Schedule of breakout of expenses used by the CODM to monitor and assess the financial performance | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, | ​
​ | ​ | ​ | 2024 | ​ | ​ | 2023 | ​ | ​ | 2022 | ​
Net revenues | ​ | $ | 522,186 | ​ | $ | 501,478 | ​ | $ | 477,870 | ​
Operating Expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Labor expense | ​ | ​ | 158,904 | ​ | ​ | 153,705 | ​ | ​ | 143,053 | ​
Cost of sales | ​ | ​ | 44,866 | ​ | ​ | 42,041 | ​ | ​ | 40,629 | ​
Tax and license expense [a] | ​ | ​ | 76,518 | ​ | ​ | 73,288 | ​ | ​ | 67,553 | ​
Other operating expense [b] | ​ | ​ | 69,368 | ​ | ​ | 69,088 | ​ | ​ | 64,645 | ​
Depreciation and amortization | ​ | ​ | 51,359 | ​ | ​ | 47,294 | ​ | ​ | 43,433 | ​
Other operating items, net [c] | ​ | ​ | 28,668 | ​ | ​ | 5,910 | ​ | ​ | 7,115 | ​
Interest expense, net | ​ | ​ | 104 | ​ | ​ | 1,625 | ​ | ​ | 2,420 | ​
Income tax expense | ​ | ​ | 19,630 | ​ | ​ | 26,079 | ​ | ​ | 21,543 | ​
Total expenses | ​ | $ | 449,417 | ​ | $ | 419,030 | ​ | $ | 390,391 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 72,769 | ​ | $ | 82,448 | ​ | $ | 87,479 | ​
[a] Tax and license includes gaming taxes and licenses, commerce taxes, use taxes and property taxes. [b] Operating expenses includes expenses for casino, food and beverage, hotel, other, selling general and administrative expenses excluding payroll and payroll related, cost of sales, tax and license. [c] Other operating items, net includes construction litigation expenses, insurance claims proceeds, net, and (gain) loss on disposition of assets.
Schedule of property and Equipment, net | Property and Equipment, net consists of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2024 |  | December 31, 2023 |
Land | ​ | $ | 34,688 | ​ | $ | 34,688 | ​
Land improvements | ​ |  | 11,263 | ​ |  | 11,045 | ​
Buildings | ​ |  | 474,469 | ​ |  | 474,724 | ​
Building improvements | ​ |  | 122,059 | ​ |  | 100,822 | ​
Furniture and equipment | ​ |  | 251,605 | ​ |  | 254,486 | ​
Construction in progress | ​ |  | 17,722 | ​ |  | 9,552 | ​
Right of use assets | ​ | ​ | 13,995 | ​ | ​ | 14,874 | ​
Leasehold improvements | ​ |  | 4,498 | ​ |  | 4,245 | ​
​ | ​ |  | 930,299 | ​ |  | 904,436 | ​
Less accumulated depreciation and amortization | ​ |  | (355,012) | ​ |  | (323,939) | ​
Property and equipment, net | ​ | $ | 575,287 | ​ | $ | 580,497 | ​
​ | ​ |  | ​ | ​ |  | ​ | ​
Schedule of property and equipment, estimated useful lives | ​
​ | ​ | ​ | ​ | ​ | ​
Land improvements |  | 15 | - | 40 | years
Buildings |  | 30 | - | 40 | years
Building improvements |  | 5 | - | 40 | years
Right of use assets | ​ | 5 | - | 40 | years
Leasehold improvements | ​ | 5 | - | 40 | years
Furniture |  | 5 | - | 10 | years
Equipment |  | 3 | - | 20 | years
Schedule of reconciliation of number of shares (denominator) used in basic and diluted earnings per share computations | The following is a reconciliation of the number of shares (denominator) used in the basic and diluted earnings per share computations (in thousands, except per share data): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years ended December 31, | ​
​ | ​ | 2024 | ​ | 2023 | ​ | 2022 | ​
​ |  | ​ |  | Per Share |  | ​ |  | Per Share |  | ​ |  | Per Share |
​ | ​ | Shares | ​ | Amount | ​ | Shares | ​ | Amount | ​ | Shares | ​ | Amount | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic |  | 18,611 |  | $ | 3.91 |  | 19,244 |  | $ | 4.28 |  | 18,996 |  | $ | 4.60 | ​
Effect of dilutive stock options |  | 360 | ​ |  | (0.07) |  | 374 | ​ |  | (0.08) |  | 582 | ​ |  | (0.13) | ​
Diluted |  | 18,971 |  | $ | 3.84 |  | 19,618 |  | $ | 4.20 |  | 19,578 |  | $ | 4.47 | ​
Schedule of antidilutive options | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Years ended December 31, | ​
​ | ​ |  | 2024 |  | 2023 |  | 2022 |
Weighted Average Options to purchase shares of common shares |  | ​ | ​ | 859,450 | ​ | ​ | 665,019 | ​ | ​ | 555,639 | ​
Weighted Average Proceeds per Share |  | ​ | $ | 73.26 | - | $ | 120.18 | ​ | $ | 69.40 | - | $ | 115.32 | ​ | $ | 70.47 | - | $ | 121.40 | ​
Expiration dates (month/year) |  | ​ | ​ | 6/2031-12/2034 | ​ | ​ | 03/2031-12/2033 | ​ | ​ | 12/2030-12/2032 | ​

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