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Segment Information (Tables)
 12 Months Ended
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)202120202019
Revenues
Nevada Casino Resorts
Gaming$179,793 $114,571 $143,785 
Food and beverage83,092 55,588 111,491 
Rooms94,952 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 beverage24,036 18,406 30,193 
Rooms7,626 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 beverage7,932 4,669 7,286 
Rooms7,224 4,743 6,694 
Other2,202 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 beverage52,755 33,418 53,963 
Other (1)
9,646 5,684 8,500 
Distributed Gaming revenues$467,584 $278,256 $357,239 
Corporate and other1,237 589 770 
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)202120202019
Adjusted EBITDA
Nevada Casino Resorts$149,077 $57,462 $115,198 
Nevada Locals Casinos80,005 45,610 43,264 
Maryland Casino Resort26,697 15,094 20,372 
Distributed Gaming87,276 26,952 50,687 
Corporate and other(51,337)(34,861)(45,838)
Total Adjusted EBITDA291,718 110,257 183,683 
Adjustments
Other non-operating income60,000 — — 
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 ResortsNevada Locals CasinosMaryland Casino ResortDistributed GamingCorporate and OtherConsolidated
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.