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Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The information within the following tables sets forth, for the periods indicated, certain operating data for the Company’s segments, and reconciles net (loss) income to Adjusted EBITDA:

						Year Ended December 31, 2020
(In thousands)						Casinos						Distributed Gaming						Corporate and Other						Consolidated
Revenues
Gaming						$	237,599					$	239,154					$	—					$	476,753
Food and beverage						78,663						33,418						—						112,081
Rooms						71,411						—						—						71,411
Other (1)						27,637						5,684						589						33,910
Total revenues						$	415,310					$	278,256					$	589					$	694,155
Net (loss) income						$	(21,940)					$	1,963					$	(116,634)					$	(136,611)
Depreciation and amortization						98,946						22,934						2,550						124,430
Impairment of goodwill and intangible assets						33,964						—						—						33,964
Acquisition and severance expenses						2,930						612						168						3,710
Preopening and related expenses (2)						225						57						251						533
Loss (gain) on disposal of assets						1,328						(413)						(112)						803
Share-based compensation						—						—						9,637						9,637
Other, net						1,238						705						1,332						3,275
Interest expense, net						837						488						67,785						69,110
Change in fair value of derivative						—						—						1						1
Income tax provision						—						—						61						61
Adjusted EBITDA						$	117,528					$	26,346					$	(34,961)					$	108,913

						Year Ended December 31, 2019
(In thousands)						Casinos						Distributed Gaming						Corporate and Other						Consolidated
Revenues
Gaming						$	284,027					$	294,776					$	—					$	578,803
Food and beverage						148,970						53,963						—						202,933
Rooms						132,193						—						—						132,193
Other (1)						50,211						8,500						770						59,481
Total revenues						$	615,401					$	357,239					$	770					$	973,410
Net income (loss)						$	80,179					$	28,365					$	(148,089)					$	(39,545)
Depreciation and amortization						92,918						22,035						1,639						116,592
Acquisition and severance expenses						575						35						2,878						3,488
Preopening and related expenses (2)						2,723						1,482						343						4,548
Loss (gain) on disposal of assets						1,124						(200)						385						1,309
Share-based compensation						11						5						10,108						10,124
Other, net						405						52						1,759						2,216
Interest expense, net						581						73						73,566						74,220
Loss on extinguishment and modification of debt						—						—						9,150						9,150
Change in fair value of derivative						—						—						4,168						4,168
Income tax benefit						—						—						(1,876)						(1,876)
Adjusted EBITDA						$	178,516					$	51,847					$	(45,969)					$	184,394

(1) Includes lease revenue accounted for under ASC 842 for the arrangements in which the Company is a lessor. Refer to “Note 2 — Summary of Significant Accounting Policies” and “Note 12 — Leases” for details.

(2) Preopening and related expenses include rent, organizational costs, non-capital costs associated with the opening of tavern and casino locations, and expenses related to The Strat rebranding and the launch of the True Rewards loyalty program.

						Year Ended December 31, 2018
(In thousands)						Casinos						Distributed Gaming						Corporate and Other						Consolidated
Revenues
Gaming						$	246,623					$	278,553					$	—					$	525,176
Food and beverage						119,636						50,817						—						170,453
Rooms						106,805						—						—						106,805
Other (1)						40,885						7,697						778						49,360
Total revenues						$	513,949					$	337,067					$	778					$	851,794
Net income (loss)						$	82,556					$	25,870					$	(129,340)					$	(20,914)
Depreciation and amortization						72,242						20,604						1,610						94,456
Acquisition and severance expenses						289						38						3,413						3,740
Preopening and related expenses (2)						170						365						636						1,171
Loss (gain) on disposal of assets						2,893						443						—						3,336
Share-based compensation						37						3						9,948						9,988
Other, net						188						408						492						1,088
Interest expense, net						110						93						63,825						64,028
Change in fair value of derivative						—						—						(1,786)						(1,786)
Income tax provision						—						—						9,639						9,639
Adjusted EBITDA						$	158,485					$	47,824					$	(41,563)					$	164,746

(1)Includes lease revenue accounted for under ASC 842 for the arrangements in which the Company is a lessor. Refer to “Note 2 — Summary of Significant Accounting Policies” and “Note 12 — Leases” for details.

(2)Preopening and related expenses include rent, organizational costs, non-capital costs associated with the opening of tavern and casino locations, and expenses related to The Strat rebranding and the launch of the True Rewards loyalty program.

Assets

The Company’s assets by segment consisted of the following amounts:

(In thousands)			Casinos						Distributed Gaming						Corporate and Other						Consolidated
Balance at December 31, 2020			$	1,085,510					$	430,791					$	54,648					$	1,570,949
Balance at December 31, 2019			$	1,204,574					$	482,294					$	54,049					$	1,740,917

Capital Expenditures

The Company’s capital expenditures by segment consisted of the following amounts:

(In thousands)						Casinos (1)						Distributed Gaming (2)						Corporate and Other						Consolidated
For the year ended December 31, 2020						$	27,091					$	6,886					$	2,525					$	36,502
For the year ended December 31, 2019						$	83,382					$	19,185					$	4,700					$	107,267
For the year ended December 31, 2018						$	45,634					$	15,942					$	6,599					$	68,175

(1)Capital expenditures in the Casinos segment exclude non-cash purchases of property and equipment of $1.1 million, $19.1 million and $8.8 million for the years ended December 31, 2020, 2019 and 2018, respectively.

(2)Capital expenditures in the Distributed Gaming segment exclude non-cash purchases of property and equipment of $2.5 million, $3.6 million and $3.5 million for the years ended December 31, 2020, 2019 and 2018, respectively.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Topic 280
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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