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SEGMENT REPORTING | 9 Months Ended
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Sep. 30, 2013
Segment Reporting [Abstract] |
SEGMENT REPORTING | 9. SEGMENT REPORTING The following tables reflect selected information for our reporting segments for the three and nine months ended September 30, 2013 and 2012. The casino operation segments include the Silver Slipper’s operation in Bay St. Louis, Mississippi, Rising Star’s operation in Rising Sun, Indiana, the Grand Lodge’s operation in Lake Tahoe, Nevada and Stockman’s operation in Fallon, Nevada. We have included regional information for segment reporting and aggregated casino operations in the same region. The development/management segment includes costs associated with casino development and management projects, including the management agreement with the Pueblo of Pojoaque to advise on the operations of the Buffalo Thunder in Santa Fe, New Mexico, and, until March 30, 2012, GEM. The Corporate segment includes our general and administrative expenses. Selected statement of operations data for the three months ended September 30 (in thousands):
2013 |
|  | Casino Operations |  |  |  |  |  |  |  |  |  |
|  | Nevada |  |  | Midwest |  |  | Gulf Coast |  |  | Development/ Management |  |  | Corporate |  |  | Consolidated |
Revenues |  | $ | 7,164 |  |  | $ | 17,001 |  |  | $ | 12,964 |  |  | $ | 313 |  |  | $ | -- |  |  | $ | 37,442 |
Selling, general and administrative expense |  |  | 1,477 |  |  |  | 4,316 |  |  |  | 4,434 |  |  |  | -- |  |  |  | 1,006 |  |  |  | 11,233 |
Depreciation and amortization |  |  | 172 |  |  |  | 749 |  |  |  | 1,573 |  |  |  | -- |  |  |  | 4 |  |  |  | 2,498 |
Impairment loss |  |  | (4,000 | ) |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | (4,000 | )
Operating (loss) income |  |  | (1,834 | ) |  |  | 359 |  |  |  | 971 |  |  |  | 291 |  |  |  | (1,011 | ) |  |  | (1,224 | )
Net (loss) income attributable to the Company |  |  | (1,211 | ) |  |  | 745 |  |  |  | 639 |  |  |  | (451 | ) |  |  | (1,873 | ) |  |  | (2,151 | )
2012 |
|  | Casino Operations |  |  |  |  |  |  |  |  |  |
|  | Nevada |  |  | Midwest |  |  | Gulf Coast |  |  | Development/ Management |  |  | Corporate |  |  | Consolidated |
Revenues |  | $ | 7,443 |  |  | $ | 22,252 |  |  | $ | -- |  |  | $ | 439 |  |  | $ | -- |  |  | $ | 30,134 |
Selling, general and administrative expense |  |  | 1,525 |  |  |  | 5,084 |  |  |  | -- |  |  |  | -- |  |  |  | 1,282 |  |  |  | 7,891 |
Depreciation and amortization |  |  | 218 |  |  |  | 1,128 |  |  |  | -- |  |  |  | -- |  |  |  | 2 |  |  |  | 1,348 |
Operating income (loss) |  |  | 2,382 |  |  |  | 1,593 |  |  |  | -- |  |  |  | 426 |  |  |  | (1,376 | ) |  |  | 3,025 |
Net income (loss) attributable to the Company |  |  | 1,573 |  |  |  | 1,501 |  |  |  | -- |  |  |  | (34 | ) |  |  | (955 | ) |  |  | 2,085 |
Selected statement of operations data for the nine months ended September 30 (in thousands):
2013 |
|  | Casino Operations |  |  |  |  |  |  |  |  |  |
|  | Nevada |  |  | Midwest |  |  | Gulf Coast |  |  | Development/ Management |  |  | Corporate |  |  | Consolidated |
Revenues |  | $ | 17,692 |  |  | $ | 54,413 |  |  | $ | 40,044 |  |  | $ | 1,123 |  |  | $ | -- |  |  | $ | 113,272 |
Selling, general and administrative expense |  |  | 4,474 |  |  |  | 13,090 |  |  |  | 13,729 |  |  |  | -- |  |  |  | 4,280 |  |  |  | 35,573 |
Depreciation and amortization |  |  | 529 |  |  |  | 2,222 |  |  |  | 4,146 |  |  |  | -- |  |  |  | 9 |  |  |  | 6,906 |
Impairment loss |  |  | (4,000 | ) |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | (4,000 | )
Operating income (loss) |  |  | 74 |  |  |  | 3,358 |  |  |  | 3,708 |  |  |  | 1,062 |  |  |  | (4,289 | ) |  |  | 3,913 |
Net income (loss) attributable to the Company |  |  | 49 |  |  |  | 2,382 |  |  |  | 2,429 |  |  |  | 46 |  |  |  | (6,523 | ) |  |  | (1,617 | )
2012 |
|  | Casino Operations |  |  |  |  |  |  |  |  |  |
|  | Nevada |  |  | Midwest |  |  | Gulf Coast |  |  | Development/ Management |  |  | Corporate |  |  | Consolidated |
Revenues |  | $ | 17,508 |  |  | $ | 67,144 |  |  | $ | -- |  |  | $ | 6,648 |  |  | $ | -- |  |  | $ | 91,300 |
Selling, general and administrative expense |  |  | 4,662 |  |  |  | 14,747 |  |  |  | -- |  |  |  | 136 |  |  |  | 4,619 |  |  |  | 24,164 |
Depreciation and amortization |  |  | 707 |  |  |  | 3,430 |  |  |  | -- |  |  |  | 593 |  |  |  | 6 |  |  |  | 4,736 |
Gain on sale of joint venture |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | 41,200 |  |  |  | -- |  |  |  | 41,200 |
Operating income (loss) |  |  | 3,463 |  |  |  | 5,191 |  |  |  | -- |  |  |  | 46,986 |  |  |  | (4,869 | ) |  |  | 50,771 |
Net income (loss) attributable to the Company |  |  | 2,282 |  |  |  | 1,913 |  |  |  | -- |  |  |  | 29,925 |  |  |  | (5,454 | ) |  |  | 28,666 |
Selected balance sheet data as of September 30, 2013 and December 31, 2012 (in thousands):
2013 |
|  | Casino Operations |  |  |  |  |  |  |  |  |  |
|  | Nevada |  |  | Midwest |  |  | Gulf Coast |  |  | Development/ Management |  |  | Corporate |  |  | Consolidated |
Total assets |  | $ | 13,143 |  |  | $ | 49,565 |  |  | $ | 70,198 |  |  | $ | 59 |  |  | $ | 23,842 |  |  | $ | 156,807 |
Property and equipment, net |  |  | 7,274 |  |  |  | 29,001 |  |  |  | 45,601 |  |  |  | -- |  |  |  | 39 |  |  |  | 81,915 |
Goodwill |  |  | 1,809 |  |  |  | 1,647 |  |  |  | 14,671 |  |  |  | -- |  |  |  | -- |  |  |  | 18,127 |
Liabilities |  |  | 2,191 |  |  |  | 4,608 |  |  |  | 2,462 |  |  |  | -- |  |  |  | 67,424 |  |  |  | 76,685 |
2012 |
|  | Casino Operations |  |  |  |  |  |  |  |  |  |
|  | Nevada |  |  | Midwest |  |  | Gulf Coast |  |  | Development/ Management |  |  | Corporate |  |  | Consolidated |
Total assets |  | $ | 16,964 |  |  | $ | 51,054 |  |  | $ | 72,911 |  |  | $ | 96 |  |  | $ | 21,700 |  |  | $ | 162,725 |
Property and equipment, net |  |  | 6,988 |  |  |  | 29,632 |  |  |  | 47,024 |  |  |  | -- |  |  |  | 29 |  |  |  | 83,673 |
Goodwill |  |  | 5,809 |  |  |  | 1,647 |  |  |  | 14,671 |  |  |  | -- |  |  |  | -- |  |  |  | 22,127 |
Liabilities |  |  | 2,281 |  |  |  | 5,817 |  |  |  | 3,020 |  |  |  | -- |  |  |  | 70,474 |  |  |  | 81,592 |

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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