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SEGMENT REPORTING | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING As of December 31, 2020, the Company has ten operating segments, Twin River Casino Hotel, Hard Rock Biloxi, Tiverton Casino Hotel, Dover Downs, the Black Hawk Casinos, Casino KC, Casino Vicksburg, Bally’s Atlantic City, Shreveport and Mile High USA. Beginning in the third quarter of 2020, the Company changed its reportable segments to better align with its strategic growth initiatives in light of recent and pending acquisitions. The growth and diversification achieved through the Company’s acquisitions has resulted in a change in the way the Company's chief operating decision maker makes operating decisions, assesses the performance of the business and allocates resources. As a result, the Company’s operating segments are aggregated into four reportable segments: Rhode Island, Mid-Atlantic, Southeast and West. As of December 31, 2020, the Company’s Rhode Island reportable segment includes Twin River Casino Hotel and Tiverton Casino Hotel, the Mid-Atlantic reportable segment includes Dover Downs and Bally’s Atlantic City, the Southeast reportable segment includes Hard Rock Biloxi, Casino Vicksburg and Shreveport, and the West reportable segment includes Casino KC and the Black Hawk Casinos. As of December 31, 2020, and reflected in the table below, the “Other” category includes Mile High USA, an immaterial operating segment, and also includes interest expense for the Company and certain corporate operating expenses that are not allocated to the other segments, which include, among other expenses, share-based compensation, merger and acquisition costs, and certain non-recurring charges. Hard Rock Biloxi and Dover Downs were previously reported as “Biloxi” and “Delaware” reportable segments, respectively, and prior year amounts have been conformed into the new presentation. Black Hawk Casinos was previously included in the “Other’ category since its acquisition on January 23, 2020. The Company is currently evaluating the impact that its pending casino acquisitions and developments will have on its operating and reporting segments. It is expected that MontBleu will be reported with the West, but no determination has been made for Tropicana Evansville, Jumer’s or the Centre City, Pennsylvania development project. In addition, the Company is expecting to create new reportable segment which would include SportCaller, Monkey Knife Fight and Bet.Works as the Bally’s Interactive segment. The Company’s operations are all within the United States. The Company does not have any revenues from any individual customers that exceed 10% of total reported revenues. The following table reflects revenues, income (loss), and identifiable assets for each of the Company’s reportable segments and reconciles these to the amounts shown in the Company’s consolidated financial statements.
| Rhode Island |  | Mid-Atlantic |  | Southeast |  | West |  |  |  | Other |  | Total
Year Ended December 31, |  |  |  |  |  |  |  |  |  |  |  |  |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue | $ | 132,028 |  |  | $ | 73,676 |  |  | $ | 114,832 |  |  | $ | 47,332 |  |  |  |  | $ | 4,924 |  |  | $ | 372,792 |
Income (loss) from operations | 9,894 |  |  | (1,341) |  |  | 9,681 |  |  | (4,409) |  |  |  |  | (32,211) |  |  | (18,386) |
Net income (loss) | 20,276 |  |  | (241) |  |  | 10,486 |  |  | (712) |  |  |  |  | (35,296) |  |  | (5,487) |
Depreciation and amortization | 17,310 |  |  | 6,082 |  |  | 10,037 |  |  | 4,104 |  |  |  |  | 309 |  |  | 37,842 |
Interest expense, net of amounts capitalized | — |  |  | 132 |  |  | — |  |  | — |  |  |  |  | 63,116 |  |  | 63,248 |
Change in value of naming rights liabilities | — |  |  | — |  |  | — |  |  | — |  |  |  |  | (57,660) |  |  | (57,660) |
Gain on bargain purchases | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 63,871 |  |  | 63,871 |
Capital expenditures | 3,458 |  |  | 4,093 |  |  | 3,316 |  |  | 3,140 |  |  |  |  | 1,276 |  |  | 15,283 |
2019 |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue | $ | 306,306 |  |  | $ | 80,806 |  |  | $ | 127,432 |  |  | n/a |  |  |  | $ | 9,033 |  |  | $ | 523,577 |
Income (loss) from operations | 102,080 |  |  | 9,039 |  |  | 23,242 |  |  | n/a |  |  |  | (19,735) |  |  | 114,626 |
Net income (loss) | 71,124 |  |  | 6,031 |  |  | 18,165 |  |  | n/a |  |  |  | (40,190) |  |  | 55,130 |
Depreciation and amortization | 18,473 |  |  | 3,996 |  |  | 9,743 |  |  | n/a |  |  |  | 180 |  |  | 32,392 |
Interest expense, net of amounts capitalized | 3,274 |  |  | 147 |  |  | — |  |  | n/a |  |  |  | 36,409 |  |  | 39,830 |
Capital expenditures | 16,649 |  |  | 3,984 |  |  | 6,355 |  |  | n/a |  |  |  | 1,249 |  |  | 28,237 |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue | $ | 302,652 |  |  | n/a |  | $ | 125,137 |  |  | n/a |  |  |  | $ | 9,748 |  |  | $ | 437,537 |
Income (loss) from operations | 106,055 |  |  | n/a |  | 23,475 |  |  | n/a |  |  |  | (8,881) |  |  | 120,649 |
Net income (loss) | 68,849 |  |  | n/a |  | 18,506 |  |  | n/a |  |  |  | (15,917) |  |  | 71,438 |
Depreciation and amortization | 12,896 |  |  | n/a |  | 9,255 |  |  | n/a |  |  |  | 181 |  |  | 22,332 |
Interest expense, net of amounts capitalized | 8,555 |  |  | n/a |  | 13 |  |  | n/a |  |  |  | 14,457 |  |  | 23,025 |
Capital expenditures | 98,700 |  |  | n/a |  | 6,315 |  |  | n/a |  |  |  | 23,875 |  |  | 128,890 |
| Rhode Island |  | Mid-Atlantic |  | Southeast |  | West |  |  |  | Other |  | Total
As of December 31, |  |  |  |  |  |  |  |  |  |  |  |  |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | $ | 83,101 |  |  | $ | 1,047 |  |  | $ | 54,987 |  |  | $ | 47,844 |  |  |  |  | $ | — |  |  | $ | 186,979 |
Total assets | 494,994 |  |  | 197,395 |  |  | 508,325 |  |  | 281,436 |  |  |  |  | 447,705 |  |  | 1,929,855 |
2019 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | $ | 83,101 |  |  | $ | 1,047 |  |  | $ | 48,934 |  |  | n/a |  |  |  | $ | — |  |  | $ | 133,082 |
Total assets | 537,168 |  |  | 144,376 |  |  | 259,970 |  |  | n/a |  |  |  | 80,373 |  |  | 1,021,887 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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