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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table presents financial information with respect to the Company’s single reportable segment, distributed gaming, for the three and six months ended June 30, 2026 and 2025. Additionally, the Company has included an "all other" operating segment which is its casino and racing operations that is neither individually reportable nor able to be aggregated or combined with another operating segment.
(in thousands) |  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Distributed gaming |  |  |  |  |  |  |  |
Total net revenues (1) |  | $ | 354,850 |  |  | $ | 326,378 |  |  | $ | 695,652 |  |  | $ | 644,440 |
Adjustments: (2) |  |  |  |  |  |  |  |
Cost of revenue |  | 247,311 |  |  | 226,206 |  |  | 484,345 |  |  | 445,886 |
Compensation related costs - operations (3) |  | 20,857 |  |  | 21,133 |  |  | 43,229 |  |  | 42,089 |
Compensation related costs - general and administrative (3) |  | 14,271 |  |  | 12,931 |  |  | 26,814 |  |  | 25,378 |
All other segment items (4) (6) |  | 14,046 |  |  | 12,399 |  |  | 29,309 |  |  | 28,031 |
Adjusted EBITDA for distributed gaming |  | $ | 58,365 |  |  | $ | 53,709 |  |  | $ | 111,955 |  |  | $ | 103,056 |
Adjusted EBITDA for “all other” operating segment (5) |  | $ | 559 |  |  | $ | (529) |  |  | $ | 726 |  |  | $ | (362) |
Less Adjustments for: |  |  |  |  |  |  |  |
Depreciation and amortization of property and equipment |  | $ | 13,827 |  |  | $ | 13,095 |  |  | $ | 27,689 |  |  | $ | 25,396 |
Amortization of intangible assets and route and customer acquisition costs |  | 6,823 |  |  | 6,322 |  |  | 13,613 |  |  | 12,612 |
Interest expense, net |  | 8,642 |  |  | 8,771 |  |  | 17,143 |  |  | 17,456 |
Emerging markets |  | — |  |  | 4 |  |  | — |  |  | 67 |
Loss from unconsolidated affiliates |  | 14 |  |  | 17 |  |  | 30 |  |  | 33 |
Stock-based compensation expense |  | 3,243 |  |  | 2,789 |  |  | 5,742 |  |  | 4,880 |
Loss on change in fair value of contingent earnout shares |  | 5,018 |  |  | 5,734 |  |  | 3,542 |  |  | 3,379 |
Other expenses, net (6) |  | 2,978 |  |  | 4,096 |  |  | 6,504 |  |  | 6,913 |
Income before income tax expense |  | $ | 18,379 |  |  | $ | 12,352 |  |  | $ | 38,418 |  |  | $ | 31,958 |
Income tax expense |  | 5,872 |  |  | 5,090 |  |  | 11,248 |  |  | 10,083 |
Net income |  | $ | 12,507 |  |  | $ | 7,262 |  |  | $ | 27,170 |  |  | $ | 21,875 |
(1)Total net revenues is further disaggregated by revenue stream as included on the condensed consolidated statements of operations and comprehensive income. (2)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. (3)Compensation related costs represent payroll and other related costs that are included in general and administrative on the condensed consolidated statements of operations and comprehensive income. (4)All other segment items include other operating and general and administrative expenses (such as general and administrative expenses related to parts, advertising, information technology, etc.) which are included in general and administrative on the condensed consolidated statements of operations and comprehensive income and cost of manufacturing goods sold, as well as, adjustments for stock-based compensation expense and emerging markets. (5)All corporate expenses were allocated to the distributed gaming reportable segment as of June 30, 2026 and 2025. The "all other" operating segment had total net revenues of $13.3 million and $24.0 million; cost of revenues of $5.3 million and $9.9 million; compensation related costs of $4.0 million and $7.2 million in operations and $1.1 million and $2.0 million in general and administrative; and all other segment items of $2.3 million and $4.3 million for the three and six months ended June 30, 2026, respectively. In comparison, the "all other" operating segment had total net revenues of $9.5 million and $15.4 million; cost of revenues of $3.6 million and $5.3 million; compensation related costs of $3.5 million and $5.2 million in operations and $1.1 million and $1.9 million in general and administrative; and all other segment items of $1.9 million and $3.3 million for the three and six months ended June 30, 2025, respectively. (6)Loss on sale of fixed assets was $2.5 million and $3.2 million for the three and six months ended June 30, 2026, respectively, and is included in Other expenses, net. Loss on sale of fixed assets was $0.1 million and $0.3 million for the three and six months ended June 30, 2025, respectively, and is presented in general and administrative expenses, which is not an adjustment for EBITDA.

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- Definition Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 + Details
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