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Divestitures and Assets Held for Sale (Tables) | 12 Months Ended
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Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Assets Held for Sale | The assets and liabilities of Rocky Gap and the Montana distributed gaming operations previously held for sale as of the most recent balance sheet date preceding the sale are presented in the table below:
| June 30, 2023
(In thousands) | Maryland Casino Resort |  | Distributed Gaming - Montana
ASSETS |  |  |
Current assets |  |  |
Cash and cash equivalents | $ | 6,297 |  |  | $ | 4,402 |
Accounts receivables, net | 2,027 |  |  | 1,196 |
Prepaid expenses | 605 |  |  | 139 |
Inventories | 760 |  |  | — |
Other | 60 |  |  | 346 |
Total current assets held for sale | 9,749 |  |  | 6,083 |
Property and equipment, net | 24,441 |  |  | 16,373 |
Operating lease right-of-use assets, net | 5,980 |  |  | 904 |
Goodwill | — |  |  | 8,193 |
Intangible assets, net | 1,064 |  |  | 10,127 |
Other assets | 2 |  |  | 1,078 |
Total assets held for sale | $ | 41,236 |  |  | $ | 42,758 |
LIABILITIES |  |  |
Current liabilities |  |  |
Current portion of long-term debt and finance leases | $ | 105 |  |  | $ | — |
Current portion of operating leases | 436 |  |  | 603 |
Accounts payable | 1,585 |  |  | 851 |
Accrued payroll and related | 923 |  |  | 353 |
Other accrued liabilities | 2,631 |  |  | 4,090 |
Total current liabilities related to assets held for sale | 5,680 |  |  | 5,897 |
Non-current finance leases | 153 |  |  | — |
Non-current operating leases | 5,206 |  |  | 347 |
Total liabilities related to assets held for sale | $ | 11,039 |  |  | $ | 6,244 |
The following information presents the revenues and pretax income generated by Rocky Gap and the Montana distributed gaming operations previously held for sale and divested on July 25, 2023 and September 13, 2023, respectively:
|  | Year Ended December 31,
(In thousands) |  | 2023 |  | 2022 |  | 2021
Maryland Casino Resort |  |  |  |  |  |
Revenues |  | $ | 43,456 |  |  | $ | 78,010 |  |  | $ | 78,155 |
Pretax income |  | 12,435 |  |  | 22,966 |  |  | 22,182 |
Distributed Gaming – Montana |  |  |  |  |  |
Revenues |  | $ | 80,878 |  |  | $ | 109,359 |  |  | $ | 102,794 |
Pretax income |  | 8,883 |  |  | 7,417 |  |  | 7,689 |
The carrying amounts of the assets and liabilities held for sale for the distributed gaming operations in Nevada as of December 31, 2023 consisted of the following:
(In thousands) | December 31, 2023
ASSETS |
Current assets |
Cash and cash equivalents | $ | 40,050 |
Accounts receivables, net | 1,945 |
Prepaid expenses | 1,018 |
Other | 2,298 |
Total current assets held for sale | 45,311 |
Property and equipment, net | 21,221 |
Operating lease right-of-use assets, net | 33,601 |
Goodwill | 69,452 |
Intangible assets, net | 28,379 |
Other assets | 6,307 |
Total assets held for sale | $ | 204,271 |
LIABILITIES |
Current liabilities |
Current portion of finance leases | $ | 1,131 |
Current portion of operating leases | 23,323 |
Accounts payable | 1,826 |
Accrued payroll and related | 1,123 |
Other accrued liabilities | 1,151 |
Total current liabilities related to assets held for sale | 28,554 |
Non-current operating leases | 10,614 |
Other long-term obligations | 65 |
Total liabilities related to assets held for sale | $ | 39,233 |
Revenues and pretax income generated by the Nevada distributed gaming assets held for sale as of December 31, 2023 were as follows:
|  | Year Ended December 31,
(In thousands) |  | 2023 |  | 2022 |  | 2021
Distributed Gaming - Nevada |  |  |  |  |  |
Revenues |  | $ | 239,802 |  |  | $ | 256,113 |  |  | $ | 254,620 |
Pretax income |  | 22,402 |  |  | 22,766 |  |  | 25,309 |

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