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Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

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

						Three Months Ended June 30, 2021
(In thousands)						Casinos						Distributed Gaming						Corporate and Other						Consolidated
Revenues
Gaming						$	99,722					$	105,235					$	—					$	204,957
Food and beverage						31,150						13,788						—						44,938
Rooms						30,249						—						—						30,249
Other						9,653						2,380						290						12,323
Total revenues						$	170,774					$	121,403					$	290					$	292,467
Net income						$	56,847					$	19,428					$	26,731					$	103,006
Other non-operating income						—						—						(60,000)						(60,000)
Depreciation and amortization						21,151						4,897						634						26,682
Change in non-cash lease expense						123						77						21						221
Share-based compensation						—						—						2,668						2,668
Loss on disposal of assets						179						431						—						610
Preopening and related expenses (1)						4						16						89						109
Other, net						65						—						696						761
Interest expense, net						131						64						15,974						16,169
Income tax provision						—						—						786						786
Adjusted EBITDA						$	78,500					$	24,913					$	(12,401)					$	91,012

						Three Months Ended June 30, 2020
(In thousands)						Casinos						Distributed Gaming						Corporate and Other						Consolidated
Revenues
Gaming						$	25,210					$	31,467					$	—					$	56,677
Food and beverage						6,016						4,152						—						10,168
Rooms						5,987						—						—						5,987
Other						2,219						720						203						3,142
Total revenues						$	39,432					$	36,339					$	203					$	75,974
Net loss						$	(45,979)					$	(5,194)					$	(27,393)					$	(78,566)
Depreciation and amortization						25,344						5,902						684						31,930
Change in non-cash lease expense						130						20						20						170
Impairment of goodwill and intangible assets						21,411						—						—						21,411
Share-based compensation						—						—						1,756						1,756
Loss (gain) on disposal of assets						683						24						(5)						702
Preopening and related expenses (1)						—						(1)						10						9
Severance expenses						189						134						44						367
Other, net						48						41						28						117
Interest expense, net						91						10						16,306						16,407
Income tax provision						—						—						206						206
Adjusted EBITDA						$	1,917					$	936					$	(8,344)					$	(5,491)

(1) Preopening and related expenses consist of labor, food, utilities, training, initial licensing, rent and organizational costs incurred in connection with the opening of tavern and casino locations.

						Six Months Ended June 30, 2021
(In thousands)						Casinos						Distributed Gaming						Corporate and Other						Consolidated
Revenues
Gaming						$	181,116					$	200,841					$	—					$	381,957
Food and beverage						53,070						25,672						—						78,742
Rooms						48,647						—						—						48,647
Other						17,391						4,799						627						22,817
Total revenues						$	300,224					$	231,312					$	627					$	532,163
Net income (loss)						$	85,851					$	34,438					$	(6,663)					$	113,626
Other non-operating income						—						—						(60,000)						(60,000)
Depreciation and amortization						42,497						10,111						1,260						53,868
Change in non-cash lease expense						260						356						44						660
Share-based compensation						—						—						5,673						5,673
Loss on disposal of assets						159						660						—						819
Preopening and related expenses (1)						4						16						209						229
Other, net						521						74						2,334						2,929
Interest expense, net						288						138						31,791						32,217
Income tax provision						—						—						489						489
Adjusted EBITDA						$	129,580					$	45,793					$	(24,863)					$	150,510

						Six Months Ended June 30, 2020
(In thousands)						Casinos						Distributed Gaming						Corporate and Other						Consolidated
Revenues
Gaming						$	87,115					$	96,777					$	—					$	183,892
Food and beverage						35,821						15,894						—						51,715
Rooms						31,592						—						—						31,592
Other						12,874						2,652						406						15,932
Total revenues						$	167,402					$	115,323					$	406					$	283,131
Net loss						$	(48,917)					$	(4,590)					$	(57,679)					$	(111,186)
Depreciation and amortization						50,057						11,767						1,262						63,086
Change in non-cash lease expense						273						13						45						331
Impairment of goodwill and intangible assets						27,872						—						—						27,872
Share-based compensation						—						—						4,002						4,002
Loss (gain) on disposal of assets						1,310						(14)						(5)						1,291
Preopening and related expenses (1)						225						(1)						115						339
Severance expenses						2,606						612						125						3,343
Other, net						95						238						141						474
Interest expense, net						336						25						34,792						35,153
Change in fair value of derivative						—						—						1						1
Income tax provision						—						—						258						258
Adjusted EBITDA						$	33,857					$	8,050					$	(16,943)					$	24,964

(1)Preopening and related expenses consist of labor, food, utilities, training, initial licensing, rent and organizational costs incurred in connection with the opening of tavern and casino locations.

Assets

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

(In thousands)			Casinos						Distributed Gaming						Corporate and Other						Consolidated
Balance at June 30, 2021			$	1,062,040					$	446,033					$	156,629					$	1,664,702
Balance at December 31, 2020			$	1,085,510					$	430,791					$	54,648					$	1,570,949

X

- 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
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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No definition available.

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