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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | In light of the Company’s use of Adjusted EBITDA in its measure of profit for its reportable segments, the Company includes a reconciliation of the total of the Company’s consolidated Adjusted EBITDA to the Company’s consolidated net income (loss) determined in accordance with GAAP. The Company also discloses Adjusted EBITDA at the reportable segment level, as set forth in the table below:
|  | Year Ended December 31,
(In thousands) |  | 2021 |  | 2020 |  | 2019
Revenues |  |  |  |  |  |
Nevada Casino Resorts |  |  |  |  |  |
Gaming |  | $ | 179,793 |  |  | $ | 114,571 |  |  | $ | 143,785 |
Food and beverage |  | 83,092 |  |  | 55,588 |  |  | 111,491 |
Rooms |  | 94,952 |  |  | 61,070 |  |  | 115,006 |
Other (1) |  | 31,875 |  |  | 19,414 |  |  | 39,263 |
Nevada Casino Resorts revenue |  | $ | 389,712 |  |  | $ | 250,643 |  |  | $ | 409,545 |
Nevada Locals Casinos |  |  |  |  |  |
Gaming |  | $ | 120,537 |  |  | $ | 82,522 |  |  | $ | 86,877 |
Food and beverage |  | 24,036 |  |  | 18,406 |  |  | 30,193 |
Rooms |  | 7,626 |  |  | 5,598 |  |  | 10,493 |
Other (1) |  | 7,656 |  |  | 6,505 |  |  | 8,123 |
Nevada Locals Casinos revenues |  | $ | 159,855 |  |  | $ | 113,031 |  |  | $ | 135,686 |
Maryland Casino Resort |  |  |  |  |  |
Gaming |  | $ | 60,797 |  |  | $ | 40,505 |  |  | $ | 53,364 |
Food and beverage |  | 7,932 |  |  | 4,669 |  |  | 7,286 |
Rooms |  | 7,224 |  |  | 4,743 |  |  | 6,694 |
Other |  | 2,202 |  |  | 1,719 |  |  | 2,826 |
Maryland Casino Resort revenues |  | $ | 78,155 |  |  | $ | 51,636 |  |  | $ | 70,170 |
Distributed Gaming |  |  |  |  |  |
Gaming |  | $ | 405,183 |  |  | $ | 239,154 |  |  | $ | 294,776 |
Food and beverage |  | 52,755 |  |  | 33,418 |  |  | 53,963 |
Other (1) |  | 9,646 |  |  | 5,684 |  |  | 8,500 |
Distributed Gaming revenues |  | $ | 467,584 |  |  | $ | 278,256 |  |  | $ | 357,239 |
Corporate and other |  | 1,237 |  |  | 589 |  |  | 770 |
Total Revenues |  | $ | 1,096,543 |  |  | $ | 694,155 |  |  | $ | 973,410 |
(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 11 — Leases” for details.
|  | Year Ended December 31,
(In thousands) |  | 2021 |  | 2020 |  | 2019
Adjusted EBITDA |  |  |  |  |  |
Nevada Casino Resorts |  | $ | 149,077 |  |  | $ | 57,462 |  |  | $ | 115,198 |
Nevada Locals Casinos |  | 80,005 |  |  | 45,610 |  |  | 43,264 |
Maryland Casino Resort |  | 26,697 |  |  | 15,094 |  |  | 20,372 |
Distributed Gaming |  | 87,276 |  |  | 26,952 |  |  | 50,687 |
Corporate and other |  | (51,337) |  |  | (34,861) |  |  | (45,838) |
Total Adjusted EBITDA |  | 291,718 |  |  | 110,257 |  |  | 183,683 |
Adjustments |  |  |  |  |  |
Other non-operating income |  | 60,000 |  |  | — |  |  | — |
Depreciation and amortization |  | (106,692) |  |  | (124,430) |  |  | (116,592) |
Change in non-cash lease expense |  | (762) |  |  | (1,344) |  |  | 711 |
Share-based compensation |  | (14,401) |  |  | (9,637) |  |  | (10,124) |
Loss on disposal of assets |  | (1,260) |  |  | (803) |  |  | (1,309) |
Loss on debt extinguishment and modification |  | (975) |  |  | — |  |  | (9,150) |
Preopening and related expenses (1) |  | (246) |  |  | (533) |  |  | (4,548) |
Acquisition and severance expenses |  | (228) |  |  | (3,710) |  |  | (3,488) |
Impairment of goodwill and intangible assets |  | — |  |  | (33,964) |  |  | — |
Other, net |  | (2,089) |  |  | (3,275) |  |  | (2,216) |
Interest expense, net |  | (62,853) |  |  | (69,110) |  |  | (74,220) |
Change in fair value of derivative |  | — |  |  | (1) |  |  | (4,168) |
Income tax (provision) benefit |  | (436) |  |  | (61) |  |  | 1,876 |
Net income (loss) |  | $ | 161,776 |  |  | $ | (136,611) |  |  | $ | (39,545) |
(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) | Nevada Casino Resorts |  | Nevada Locals Casinos |  | Maryland Casino Resort |  | Distributed Gaming |  | Corporate and Other |  | Consolidated
Balance at December 31, 2021 | $ | 811,016 |  |  | $ | 165,362 |  |  | $ | 41,403 |  |  | $ | 411,342 |  |  | $ | 186,441 |  |  | $ | 1,615,564 |
Balance at December 31, 2020 | $ | 872,849 |  |  | $ | 170,373 |  |  | $ | 42,288 |  |  | $ | 430,791 |  |  | $ | 54,648 |  |  | $ | 1,570,949 |
Capital Expenditures The Company’s capital expenditures by segment consisted of the following amounts:
(In thousands) |  | Nevada Casino Resorts (1) |  | Nevada Locals Casinos (2) |  | Maryland Casino Resort (3) |  | Distributed Gaming (4) |  | Corporate and Other (5) |  | Consolidated
For the year ended December 31, 2021 |  | $ | 7,859 |  |  | $ | 2,813 |  |  | $ | 1,447 |  |  | $ | 11,485 |  |  | $ | 5,655 |  |  | $ | 29,259 |
For the year ended December 31, 2020 |  | $ | 23,649 |  |  | $ | 911 |  |  | $ | 2,531 |  |  | $ | 6,886 |  |  | $ | 2,525 |  |  | $ | 36,502 |
For the year ended December 31, 2019 |  | $ | 77,427 |  |  | $ | 4,270 |  |  | $ | 1,685 |  |  | $ | 19,185 |  |  | $ | 4,700 |  |  | $ | 107,267 |
(1)Capital expenditures in the Nevada Casino Resorts segment exclude non-cash purchases of property and equipment of $0.6 million, $1.1 million and $15.9 million as of December 31, 2021, 2020 and 2019, respectively. (2)Capital expenditures in the Nevada Locals Casinos segment exclude non-cash purchases of property and equipment of $0.2 million and $3.2 million as of December 31, 2021 and 2019, respectively. (3)Capital expenditures in the Maryland Casino Resort segment exclude non-cash purchases of property and equipment of $0.5 million as of December 31, 2020. (4)Capital expenditures in the Distributed Gaming segment exclude non-cash purchases of property and equipment of $0.6 million, $2.5 million and $3.5 million as of December 31, 2021, 2020 and 2019, respectively. (5)Capital expenditures for Corporate and Other exclude non-cash purchases of property and equipment of $0.5 million as of December 31, 2021.

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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 -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 + Details
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