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SEGMENT REPORTING AND DISAGGREGATED REVENUE (Tables) | 6 Months Ended
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Jun. 30, 2020
SEGMENT REPORTING AND DISAGGREGATED REVENUE |
Schedule of Disaggregation of Revenue | The following tables present the Company’s segment information:
(In thousands) |  | Three Months Ended June 30, 2020
|  | Silver |  |  |  |  | Bronco |  |  |  |  |  |  |  |  |
|  | Slipper |  | Rising Star |  | Billy’s |  | Northern |  |  |  |  |  |
|  | Casino |  | Casino |  | Casino |  | Nevada |  |  |  |  |  |
|  | and Hotel |  | Resort |  | and Hotel |  | Casinos |  | Corporate |  | Total
Total Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casino |  | $ | 6,645 |  | $ | 1,824 |  | $ | 1,486 |  | $ | 1,000 |  | $ | — |  | $ | 10,955
Food and beverage |  |  | 1,757 |  |  | 91 |  |  | 88 |  |  | 58 |  |  | — |  |  | 1,994
Hotel |  |  | 560 |  |  | 118 |  |  | 41 |  |  | — |  |  | — |  |  | 719
Other operations |  |  | 160 |  |  | 554 |  |  | 101 |  |  | 28 |  |  | — |  |  | 843
|  | $ | 9,122 |  | $ | 2,587 |  | $ | 1,716 |  | $ | 1,086 |  | $ | — |  | $ | 14,511
Adjusted Property EBITDA |  | $ | 1,200 |  | $ | (995) |  | $ | (118) |  | $ | (562) |  | $ | — |  | $ | (475)
Other operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,980)
Corporate expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (910)
Project development costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (259)
Loss on disposal of asset, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (439)
Stock-based compensation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (103)
Operating loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,166)
Other (expense) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,447)
Adjustment to fair value of warrants |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (94)
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,541)
Loss before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6,707)
Income tax benefit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4)
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (6,703)
(In thousands) |  | Three Months Ended June 30, 2019
|  | Silver |  |  |  |  | Bronco |  |  |  |  |  |  |  |  |
|  | Slipper |  | Rising Star |  | Billy’s |  | Northern |  |  |  |  |  |
|  | Casino |  | Casino |  | Casino |  | Nevada |  |  |  |  |  |
|  | and Hotel |  | Resort |  | and Hotel |  | Casinos |  | Corporate |  | Total
Total Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casino |  | $ | 11,636 |  | $ | 7,526 |  | $ | 5,563 |  | $ | 3,725 |  | $ | — |  | $ | 28,450
Food and beverage |  |  | 5,515 |  |  | 1,800 |  |  | 1,051 |  |  | 497 |  |  | — |  |  | 8,863
Hotel |  |  | 1,305 |  |  | 1,560 |  |  | 186 |  |  | — |  |  | — |  |  | 3,051
Other operations |  |  | 436 |  |  | 712 |  |  | 77 |  |  | 74 |  |  | — |  |  | 1,299
|  | $ | 18,892 |  | $ | 11,598 |  | $ | 6,877 |  | $ | 4,296 |  | $ | — |  | $ | 41,663
Adjusted Property EBITDA |  | $ | 3,594 |  | $ | 604 |  | $ | 876 |  | $ | 417 |  | $ | — |  | $ | 5,491
Other operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,083)
Corporate expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,240)
Project development costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (142)
Gain on disposal of assets, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4
Stock-based compensation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (107)
Operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,923
Other (expense) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,931)
Adjustment to fair value of warrants |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 141
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,790)
Loss before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (867)
Income tax provision |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 143
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (1,010)
(In thousands) |  | Six Months Ended June 30, 2020
|  | Silver |  |  |  |  | Bronco |  |  |  |  |  |  |  |  |
|  | Slipper |  | Rising Star |  | Billy’s |  | Northern |  |  |  |  |  |
|  | Casino |  | Casino |  | Casino |  | Nevada |  |  |  |  |  |
|  | and Hotel |  | Resort |  | and Hotel |  | Casinos |  | Corporate |  | Total
Total Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casino |  | $ | 15,715 |  | $ | 6,852 |  | $ | 5,491 |  | $ | 3,648 |  | $ | — |  | $ | 31,706
Food and beverage |  |  | 6,436 |  |  | 1,244 |  |  | 855 |  |  | 449 |  |  | — |  |  | 8,984
Hotel |  |  | 1,530 |  |  | 976 |  |  | 187 |  |  | — |  |  | — |  |  | 2,693
Other operations |  |  | 534 |  |  | 1,186 |  |  | 164 |  |  | 97 |  |  | — |  |  | 1,981
|  | $ | 24,215 |  | $ | 10,258 |  | $ | 6,697 |  | $ | 4,194 |  | $ | — |  | $ | 45,364
Adjusted Property EBITDA |  | $ | 3,032 |  | $ | (2,088) |  | $ | (596) |  | $ | (953) |  | $ | — |  | $ | (605)
Other operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,020)
Corporate expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,029)
Project development costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (315)
Loss on disposal of asset, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (439)
Stock-based compensation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (186)
Operating loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (7,594)
Other (expense) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,938)
Adjustment to fair value of warrants |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,562
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,376)
Loss before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (10,970)
Income tax provision |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 91
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (11,061)
(In thousands) |  | Six Months Ended June 30, 2019
|  | Silver |  |  |  |  | Bronco |  |  |  |  |  |  |  |  |
|  | Slipper |  | Rising Star |  | Billy’s |  | Northern |  |  |  |  |  |
|  | Casino |  | Casino |  | Casino |  | Nevada |  |  |  |  |  |
|  | and Hotel |  | Resort |  | and Hotel |  | Casinos |  | Corporate |  | Total
Total Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casino |  | $ | 24,015 |  | $ | 14,869 |  | $ | 10,806 |  | $ | 7,058 |  | $ | — |  | $ | 56,748
Food and beverage |  |  | 10,886 |  |  | 3,613 |  |  | 2,025 |  |  | 997 |  |  | — |  |  | 17,521
Hotel |  |  | 2,449 |  |  | 2,983 |  |  | 334 |  |  | — |  |  | — |  |  | 5,766
Other operations |  |  | 824 |  |  | 1,000 |  |  | 152 |  |  | 146 |  |  | — |  |  | 2,122
|  | $ | 38,174 |  | $ | 22,465 |  | $ | 13,317 |  | $ | 8,201 |  | $ | — |  | $ | 82,157
Adjusted Property EBITDA |  | $ | 7,440 |  | $ | 1,007 |  | $ | 1,491 |  | $ | 408 |  | $ | — |  | $ | 10,346
Other operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,174)
Corporate expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,518)
Project development costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (275)
Gain on disposal of assets, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5
Stock-based compensation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (193)
Operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,191
Other (expense) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (5,634)
Adjustment to fair value of warrants |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 101
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (5,533)
Loss before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,342)
Income tax provision |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 285
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (2,627)
Schedule of Selected Statement of Operations Data |
(In thousands) |  | June 30, |  | December 31,
|  | 2020 |  | 2019
Total Assets |  |  |  |  |  |
Silver Slipper Casino and Hotel |  | $ | 84,928 |  | $ | 87,980
Rising Star Casino Resort |  |  | 39,813 |  |  | 40,277
Bronco Billy's Casino and Hotel |  |  | 46,505 |  |  | 45,034
Northern Nevada Casinos |  |  | 14,023 |  |  | 18,612
Corporate and Other |  |  | 18,122 |  |  | 19,432
|  | $ | 203,391 |  | $ | 211,335

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