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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information |
|  | Three Months Ended March 31,
(In thousands) |  | 2022 |  | 2021
Revenues |  |  |  |
Nevada Casino Resorts |  |  |  |
Gaming |  | $ | 44,230 |  |  | $ | 38,826 |
Food and beverage |  | 21,384 |  |  | 14,965 |
Rooms |  | 22,029 |  |  | 15,628 |
Other |  | 8,792 |  |  | 5,386 |
Nevada Casino Resorts revenues |  | $ | 96,435 |  |  | $ | 74,805 |
Nevada Locals Casinos |  |  |  |
Gaming |  | $ | 29,381 |  |  | $ | 29,536 |
Food and beverage |  | 6,179 |  |  | 5,513 |
Rooms |  | 2,244 |  |  | 1,478 |
Other |  | 2,085 |  |  | 2,018 |
Nevada Locals Casinos revenues |  | $ | 39,889 |  |  | $ | 38,545 |
Maryland Casino Resort |  |  |  |
Gaming |  | $ | 14,457 |  |  | $ | 13,032 |
Food and beverage |  | 1,648 |  |  | 1,442 |
Rooms |  | 1,473 |  |  | 1,292 |
Other |  | 314 |  |  | 334 |
Maryland Casino Resort revenues |  | $ | 17,892 |  |  | $ | 16,100 |
Distributed Gaming |  |  |  |
Gaming |  | $ | 102,719 |  |  | $ | 95,606 |
Food and beverage |  | 13,245 |  |  | 11,884 |
Other |  | 3,258 |  |  | 2,419 |
Distributed gaming revenues |  | $ | 119,222 |  |  | $ | 109,909 |
Corporate and Other |  | 206 |  |  | 337 |
Total revenues |  | $ | 273,644 |  |  | $ | 239,696 |
|  | Three Months Ended March 31,
(In thousands) |  | 2022 |  | 2021
Adjusted EBITDA |  |  |  |
Nevada Casino Resorts |  | $ | 33,575 |  |  | $ | 26,655 |
Nevada Locals Casinos |  | 20,038 |  |  | 19,552 |
Maryland Casino Resort |  | 5,572 |  |  | 4,873 |
Distributed Gaming |  | 22,053 |  |  | 20,880 |
Corporate and Other |  | (13,913) |  |  | (12,462) |
Total Adjusted EBITDA |  | 67,325 |  |  | 59,498 |
Adjustments |  |  |  |
Depreciation and amortization |  | (26,276) |  |  | (27,186) |
Change in non-cash lease expense |  | (181) |  |  | (439) |
Share-based compensation |  | (3,672) |  |  | (3,005) |
Gain (loss) on disposal of assets |  | 41 |  |  | (209) |
Loss on debt extinguishment and modification |  | (181) |  |  | — |
Preopening and related expenses (1) |  | (55) |  |  | (120) |
Other, net |  | (4,296) |  |  | (2,168) |
Interest expense, net |  | (15,118) |  |  | (16,048) |
Income tax benefit |  | 18,479 |  |  | 297 |
Net Income |  | $ | 36,066 |  |  | $ | 10,620 |
(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. 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 March 31, 2022 | $ | 808,374 |  |  | $ | 166,486 |  |  | $ | 41,600 |  |  | $ | 403,218 |  |  | $ | 184,461 |  |  | $ | 1,604,139 |
Balance at December 31, 2021 | $ | 811,016 |  |  | $ | 165,362 |  |  | $ | 41,403 |  |  | $ | 411,342 |  |  | $ | 186,441 |  |  | $ | 1,615,564 |

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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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