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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2024

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of breakout of expenses used by the CODM to monitor and assess the financial performance

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​	​	​	​	​	​	​	​	​	​	​
​	​	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):

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​	​	​	​	​	​	​	​
​		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

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​	​	​	​	​	​
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):

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Years ended December 31,

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2024

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2023

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2022

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Per Share

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Per Share

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Per Share

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Shares

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Amount

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Shares

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Amount

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Shares

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Amount

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Basic

18,611

$

3.91

19,244

$

4.28

18,996

$

4.60

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Effect of dilutive stock options

360

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(0.07)

374

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(0.08)

582

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(0.13)

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Diluted

18,971

$

3.84

19,618

$

4.20

19,578

$

4.47

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Schedule of antidilutive options

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Years ended December 31,

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2024

2023

2022

Weighted Average Options to purchase shares of common shares

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​

859,450

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665,019

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555,639

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Weighted Average Proceeds per Share

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$

73.26

-

$

120.18

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$

69.40

-

$

115.32

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$

70.47

-

$

121.40

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Expiration dates (month/year)

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6/2031-12/2034

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03/2031-12/2033

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12/2030-12/2032

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