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SEGMENT REPORTING | 6 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING We manage our casinos based on geographic regions within the United States. The casino/resort operations include four segments: Silver Slipper Casino and Hotel (Hancock County, Mississippi); Rising Star Casino Resort (Rising Sun, Indiana); Bronco Billy’s Casino and Hotel (Cripple Creek, Colorado); and the Northern Nevada segment, consisting of Grand Lodge Casino (Incline Village, Nevada) and Stockman’s Casino (Fallon, Nevada). The Company utilizes Adjusted Property EBITDA as the measure of segment profit in assessing performance and allocating resources at the reportable segment level. Adjusted Property EBITDA is defined as earnings before interest and other non-operating income (expense), taxes, depreciation and amortization, pre-opening expenses, impairment charges, asset write-offs, recoveries, gain (loss) from asset disposals, project development and acquisition costs, non-cash share-based compensation expense, and corporate-related costs and expenses that are not allocated to each property. The following tables present the Company’s segment information:
(In thousands, unaudited) | Three Months Ended June 30, |  | Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Net Revenues |  |  |  |  |  |  |
Silver Slipper Casino and Hotel | $ | 17,492 |  |  | $ | 16,437 |  |  | $ | 34,001 |  |  | $ | 33,095 |
Rising Star Casino Resort | 12,528 |  |  | 12,595 |  |  | 23,755 |  |  | 24,800 |
Bronco Billy’s Casino and Hotel | 6,795 |  |  | 6,773 |  |  | 13,037 |  |  | 12,635 |
Northern Nevada Casinos | 4,412 |  |  | 4,316 |  |  | 8,365 |  |  | 9,211 |
| $ | 41,227 |  |  | $ | 40,121 |  |  | $ | 79,158 |  |  | $ | 79,741 |
Adjusted Property EBITDA |  |  |  |  |  |  |
Silver Slipper Casino and Hotel | $ | 3,183 |  |  | $ | 2,907 |  |  | $ | 6,066 |  |  | $ | 5,959 |
Rising Star Casino Resort | 776 |  |  | 637 |  |  | 1,269 |  |  | 1,956 |
Bronco Billy’s Casino and Hotel | 1,256 |  |  | 1,477 |  |  | 1,961 |  |  | 2,323 |
Northern Nevada Casinos | 473 |  |  | (53 | ) |  | 460 |  |  | 499 |
| 5,688 |  |  | 4,968 |  |  | 9,756 |  |  | 10,737 |
Other operating costs and expenses: |  |  |  |  |  |  |
Depreciation and amortization | (2,038 | ) |  | (2,138 | ) |  | (4,206 | ) |  | (4,235 | )
Corporate expenses | (1,273 | ) |  | (1,280 | ) |  | (2,351 | ) |  | (2,454 | )
Project development and acquisition costs | (130 | ) |  | (53 | ) |  | (167 | ) |  | (185 | )
(Loss) gain on disposals | (69 | ) |  | 14 |  |  | (79 | ) |  | 1 |
Share-based compensation | (175 | ) |  | (176 | ) |  | (407 | ) |  | (269 | )
Operating income | 2,003 |  |  | 1,335 |  |  | 2,546 |  |  | 3,595 |
Other (expense) income: |  |  |  |  |  |  |
Interest expense | (2,466 | ) |  | (2,705 | ) |  | (5,006 | ) |  | (5,384 | )
Loss on extinguishment of debt | — |  |  | — |  |  | (2,673 | ) |  | — |
Adjustment to fair value of warrants | (80 | ) |  | 30 |  |  | 423 |  |  | 30 |
| (2,546 | ) |  | (2,675 | ) |  | (7,256 | ) |  | (5,354 | )
Loss before income taxes | (543 | ) |  | (1,340 | ) |  | (4,710 | ) |  | (1,759 | )
Provision for income taxes | 118 |  |  | 184 |  |  | 237 |  |  | 368 |
Net loss | $ | (661 | ) |  | $ | (1,524 | ) |  | $ | (4,947 | ) |  | $ | (2,127 | )
(In thousands) | June 30, 2018 |  | December 31, 2017
| (Unaudited) |  |
Total Assets |  |  |
Silver Slipper Casino and Hotel | $ | 79,729 |  |  | $ | 80,780 |
Rising Star Casino Resort | 37,672 |  |  | 36,327 |
Bronco Billy’s Casino and Hotel | 38,241 |  |  | 35,567 |
Northern Nevada Casinos | 11,707 |  |  | 12,235 |
Corporate and Other | 14,006 |  |  | 8,576 |
| $ | 181,355 |  |  | $ | 173,485 |

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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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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