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Subsequent Events
9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
The Company’s management evaluates subsequent events through the date of issuance of the consolidated financial statements.
As discussed in “Note 7 — Shareholders’ Equity and Stock Incentive Plans,” on November 4, 2025, the Company’s Board of Directors authorized its next recurring quarterly cash dividend of $0.25 per share of the Company’s common stock payable on January 6, 2026 to shareholders of record as of December 22, 2025.
In addition, on November 6, 2025, the Company filed Form 8-K announcing that on November 6, 2025, the Company entered into a definitive agreement to sell its operating assets to Blake L. Sartini and affiliates and seven of its casino real estate assets to VICI Properties Inc. (“VICI”). The Company’s stockholders will receive total consideration of a fixed exchange ratio of 0.902 shares of VICI common stock for the sale of seven casino real estate assets and a cash distribution with proceeds from Blake L. Sartini and affiliates of $2.75 for each share of the Company’s stock held at the closing of the transaction.
There were no additional subsequent events that occurred after September 30, 2025 but prior to the date of issuance of the consolidated financial statements that would require adjustment to or disclosure in the consolidated financial statements as of and for the three and nine months ended September 30, 2025.