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SEGMENT REPORTING AND DISAGGREGATED REVENUE | 9 Months Ended
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Sep. 30, 2019
Segment Reporting [Abstract] |
SEGMENT REPORTING AND DISAGGREGATED REVENUE | 11. SEGMENT REPORTING AND DISAGGREGATED REVENUE The Company manages its 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, consisting of Rising Star Casino Resort (Rising Sun, Indiana) and its ferry boat operations (connecting Rising Sun, Indiana with Boone County, Kentucky); Bronco Billy’s Casino and Hotel (including the Christmas Casino & Inn, both in 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 September 30, 2019
|  | Silver |  |  |  |  | Bronco |  |  |  |  |  |  |  |  |
|  | Slipper |  | Rising Star |  | Billy’s |  | Northern |  |  |  |  |  |
|  | Casino |  | Casino |  | Casino |  | Nevada |  |  |  |  |  |
|  | and Hotel |  | Resort |  | and Hotel |  | Casinos |  | Corporate |  | Total
Net Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casino |  | $ | 10,718 |  | $ | 7,744 |  | $ | 6,438 |  | $ | 5,744 |  | $ | — |  | $ | 30,644
Food and beverage |  |  | 5,676 |  |  | 1,760 |  |  | 1,345 |  |  | 481 |  |  | — |  |  | 9,262
Hotel |  |  | 1,266 |  |  | 1,560 |  |  | 251 |  |  | — |  |  | — |  |  | 3,077
Other operations |  |  | 406 |  |  | 671 |  |  | 80 |  |  | 119 |  |  | — |  |  | 1,276
|  | $ | 18,066 |  | $ | 11,735 |  | $ | 8,114 |  | $ | 6,344 |  | $ | — |  | $ | 44,259
Adjusted Property EBITDA |  | $ | 3,009 |  | $ | 156 |  | $ | 1,582 |  | $ | 2,108 |  | $ | — |  | $ | 6,855
Other operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,089)
Corporate expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,064)
Project development and acquisition costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (228)
Loss on sale or disposal of asset, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (10)
Share-based compensation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (70)
Operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,394
Other (expense) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,428)
Adjustment to fair value of warrants |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (262)
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,690)
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 704
Income tax benefit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (234)
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 938
(In thousands, Unaudited) |  | Three Months Ended September 30, 2018
|  | Silver |  |  |  |  | Bronco |  |  |  |  |  |  |  |  |
|  | Slipper |  | Rising Star |  | Billy’s |  | Northern |  |  |  |  |  |
|  | Casino |  | Casino |  | Casino |  | Nevada |  |  |  |  |  |
|  | and Hotel |  | Resort |  | and Hotel |  | Casinos |  | Corporate |  | Total
Net Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casino |  | $ | 11,635 |  | $ | 7,697 |  | $ | 5,607 |  | $ | 5,828 |  | $ | — |  | $ | 30,767
Food and beverage |  |  | 5,061 |  |  | 2,262 |  |  | 1,577 |  |  | 471 |  |  | — |  |  | 9,371
Hotel |  |  | 800 |  |  | 1,555 |  |  | 228 |  |  | — |  |  | — |  |  | 2,583
Other operations |  |  | 391 |  |  | 714 |  |  | 108 |  |  | 94 |  |  | — |  |  | 1,307
|  | $ | 17,887 |  | $ | 12,228 |  | $ | 7,520 |  | $ | 6,393 |  | $ | — |  | $ | 44,028
Adjusted Property EBITDA |  | $ | 3,072 |  | $ | 831 |  | $ | 1,463 |  | $ | 2,066 |  | $ | — |  | $ | 7,432
Other operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,094)
Corporate expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (960)
Preopening costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (140)
Project development and acquisition costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (390)
Share-based compensation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (114)
Operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,734
Other (expense) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,513)
Adjustment to fair value of warrants |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 463
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,050)
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,684
Income tax provision |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 119
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,565
(In thousands, Unaudited) |  | Nine Months Ended September 30, 2019
|  | Silver |  |  |  |  | Bronco |  |  |  |  |  |  |  |  |
|  | Slipper |  | Rising Star |  | Billy’s |  | Northern |  |  |  |  |  |
|  | Casino |  | Casino |  | Casino |  | Nevada |  |  |  |  |  |
|  | and Hotel |  | Resort |  | and Hotel |  | Casinos |  | Corporate |  | Total
Net Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casino |  | $ | 34,732 |  | $ | 22,614 |  | $ | 17,244 |  | $ | 12,802 |  | $ | — |  | $ | 87,392
Food and beverage |  |  | 16,562 |  |  | 5,373 |  |  | 3,370 |  |  | 1,478 |  |  | — |  |  | 26,783
Hotel |  |  | 3,713 |  |  | 4,544 |  |  | 586 |  |  | — |  |  | — |  |  | 8,843
Other operations |  |  | 1,231 |  |  | 1,671 |  |  | 231 |  |  | 265 |  |  | — |  |  | 3,398
|  | $ | 56,238 |  | $ | 34,202 |  | $ | 21,431 |  | $ | 14,545 |  | $ | — |  | $ | 126,416
Adjusted Property EBITDA |  | $ | 10,448 |  | $ | 1,163 |  | $ | 3,074 |  | $ | 2,516 |  | $ | — |  | $ | 17,201
Other operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6,263)
Corporate expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,582)
Project development and acquisition costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (503)
Loss on sale or disposal of asset, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (5)
Share-based compensation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (263)
Operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,585
Other (expense) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (8,062)
Adjustment to fair value of warrants |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (161)
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (8,223)
Loss before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,638)
Income tax provision |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 51
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (1,689)
(In thousands, Unaudited) |  | Nine Months Ended September 30, 2018
|  | Silver |  |  |  |  | Bronco |  |  |  |  |  |  |  |  |
|  | Slipper |  | Rising Star |  | Billy’s |  | Northern |  |  |  |  |  |
|  | Casino |  | Casino |  | Casino |  | Nevada |  |  |  |  |  |
|  | and Hotel |  | Resort |  | and Hotel |  | Casinos |  | Corporate |  | Total
Net Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casino |  | $ | 34,123 |  | $ | 23,194 |  | $ | 15,955 |  | $ | 13,097 |  | $ | — |  | $ | 86,369
Food and beverage |  |  | 14,231 |  |  | 6,610 |  |  | 3,835 |  |  | 1,417 |  |  | — |  |  | 26,093
Hotel |  |  | 2,412 |  |  | 4,529 |  |  | 507 |  |  | — |  |  | — |  |  | 7,448
Other operations |  |  | 1,122 |  |  | 1,650 |  |  | 260 |  |  | 244 |  |  | — |  |  | 3,276
|  | $ | 51,888 |  | $ | 35,983 |  | $ | 20,557 |  | $ | 14,758 |  | $ | — |  | $ | 123,186
Adjusted Property EBITDA |  | $ | 9,138 |  | $ | 2,100 |  | $ | 3,424 |  | $ | 2,526 |  | $ | — |  | $ | 17,188
Other operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6,300)
Corporate expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,311)
Preopening costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (140)
Project development and acquisition costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (557)
Loss on sale or disposal of asset, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (79)
Share-based compensation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (521)
Operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,280
Other (expense) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (7,519)
Loss on extinguishment of debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,673)
Adjustment to fair value of warrants |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 886
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (9,306)
Loss before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,026)
Income tax provision |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 356
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (3,382)
(In thousands, Unaudited) |  | September 30, |  | December 31,
|  | 2019 |  | 2018
Total Assets |  |  |  |  |  |
Silver Slipper Casino and Hotel |  | $ | 87,744 |  | $ | 79,094
Rising Star Casino Resort |  |  | 39,451 |  |  | 39,722
Bronco Billy's Casino and Hotel |  |  | 44,088 |  |  | 42,780
Northern Nevada Casinos |  |  | 18,055 |  |  | 12,395
Corporate and Other |  |  | 19,150 |  |  | 8,281
|  | $ | 208,488 |  | $ | 182,272

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- References No definition available. + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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