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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2018 | Dec. 31, 2017
Revenues |  |  |
Gross revenues | [1] | $ 163,876 | $ 190,273
Less promotional allowances | [1] | 0 | (29,006)
Net revenues |  | 163,876 | 161,267
Operating costs and expenses |  |  |
Selling, general and administrative | [1] | 48,694 | 53,485
Preopening costs |  | 274 | 0
Project development and acquisition costs |  | 843 | 284
Depreciation and amortization |  | 8,397 | 8,602
Loss (gain) on disposal of assets, net |  | 79 | (1)
Total operating costs and expenses |  | 156,450 | 154,210
Operating income |  | 7,426 | 7,057
Other (expense) income |  |  |
Interest expense, net of amounts capitalized of $346 and $130 |  | (10,306) | (10,856)
Loss on extinguishment of debt |  | (2,673) | 0
Adjustment to fair value of warrants |  | 1,671 | (1,379)
Other |  | (13) | 0
Non-operating expense |  | (11,321) | (12,235)
Loss before income taxes |  | (3,895) | (5,178)
Income tax expense (benefit) |  | 476 | (150)
Net loss |  | $ (4,371) | $ (5,028)
Basic loss per share (in dollars per share) |  | $ (0.17) | $ (0.22)
Diluted loss per share (in dollars per share) |  | $ (0.23) | $ (0.22)
Basic weighted average number of common shares outstanding (in shares) |  | 26,012,381 | 22,882,960
Diluted weighted average number of common shares outstanding (in shares) |  | 26,460,902 | 22,882,960
Casino |  |  |
Revenues |  |  |
Gross revenues | [1] | $ 114,313 | $ 144,495
Operating costs and expenses |  |  |
Costs and expenses | [1] | 45,752 | 76,305
Food and beverage |  |  |
Revenues |  |  |
Gross revenues | [1] | 35,058 | 32,471
Operating costs and expenses |  |  |
Costs and expenses | [1] | 38,619 | 12,528
Hotel |  |  |
Revenues |  |  |
Gross revenues | [1] | 9,864 | 8,863
Operating costs and expenses |  |  |
Costs and expenses | [1] | 10,358 | 1,084
Other operations |  |  |
Revenues |  |  |
Gross revenues |  | 4,641 | 4,444
Operating costs and expenses |  |  |
Costs and expenses | [1] | $ 3,434 | $ 1,923
[1] | On January 1, 2018, the Company adopted Accounting Standards Codification No. 606, Revenue from Contracts with Customers (“ASC 606”), using the modified retrospective method, which impacts the comparability of these line items.

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