XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.21.1

SEGMENT REPORTING AND DISAGGREGATED REVENUE (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
SEGMENT REPORTING AND DISAGGREGATED REVENUE |
Schedule of Total Revenues By Segment | As a result of the change in reportable segments described above, the Company has recast previously-reported segment information to conform to the current presentation in the following tables for enhanced comparability, which had no effect on previously reported results of operations or financial position. The following tables present the Company’s segment information:
(In thousands) |  | Three Months Ended March 31, 2021
|  |  |  |  |  |  |  |  |  | Contracted |  |
|  |  |  |  |  |  |  |  |  | Sports |  |
|  | Mississippi |  | Indiana |  | Colorado |  | Nevada |  | Wagering |  | Total
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casino |  | $ | 16,040 |  | $ | 6,715 |  | $ | 5,264 |  | $ | 4,045 |  | $ | — |  | $ | 32,064
Food and beverage |  |  | 4,693 |  |  | 748 |  |  | 413 |  |  | 247 |  |  | — |  |  | 6,101
Hotel |  |  | 1,170 |  |  | 919 |  |  | 122 |  |  | — |  |  | — |  |  | 2,211
Other operations |  |  | 453 |  |  | 208 |  |  | 106 |  |  | 76 |  |  | 989 |  |  | 1,832
|  | $ | 22,356 |  | $ | 8,590 |  | $ | 5,905 |  | $ | 4,368 |  | $ | 989 |  | $ | 42,208
Adjusted Segment EBITDA |  | $ | 7,630 |  | $ | 1,134 |  | $ | 1,710 |  | $ | 1,224 |  | $ | 976 |  | $ | 12,674
Other operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,800)
Corporate expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,905)
Project development costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (47)
Loss on disposal of asset, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (104)
Stock-based compensation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (124)
Operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,694
Other expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,456)
Loss on extinguishment of debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6,134)
Adjustment to fair value of warrants |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,347)
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (11,937)
Loss before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,243)
Income tax provision |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 202
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (3,445)
(In thousands) |  | Three Months Ended March 31, 2020
|  |  |  |  |  |  |  |  |  | Contracted |  |
|  |  |  |  |  |  |  |  |  | Sports |  |
|  | Mississippi |  | Indiana |  | Colorado |  | Nevada |  | Wagering |  | Total
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casino |  | $ | 9,070 |  | $ | 5,028 |  | $ | 4,005 |  | $ | 2,648 |  | $ | — |  | $ | 20,751
Food and beverage |  |  | 4,679 |  |  | 1,153 |  |  | 767 |  |  | 391 |  |  | — |  |  | 6,990
Hotel |  |  | 969 |  |  | 858 |  |  | 147 |  |  | — |  |  | — |  |  | 1,974
Other operations |  |  | 374 |  |  | 208 |  |  | 63 |  |  | 69 |  |  | 424 |  |  | 1,138
|  | $ | 15,092 |  | $ | 7,247 |  | $ | 4,982 |  | $ | 3,108 |  | $ | 424 |  | $ | 30,853
Adjusted Segment EBITDA |  | $ | 1,831 |  | $ | (1,490) |  | $ | (471) |  | $ | (390) |  | $ | 390 |  | $ | (130)
Other operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,040)
Corporate expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,119)
Project development costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (56)
Gain on disposal of assets, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | —
Stock-based compensation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (83)
Operating loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,428)
Other (expense) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,491)
Loss on extinguishment of debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | —
Adjustment to fair value of warrants |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,656
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (835)
Loss before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,263)
Income tax provision |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 95
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (4,358)
Schedule of Total Assets By Segment |
(In thousands) |  | March 31, |  | December 31,
|  | 2021 |  | 2020
Total Assets |  |  |  |  |  |
Mississippi |  | $ | 85,467 |  | $ | 83,809
Indiana |  |  | 35,268 |  |  | 37,798
Colorado |  |  | 227,580 |  |  | 44,961
Nevada |  |  | 13,082 |  |  | 13,248
Contracted Sports Wagering |  |  | 1,948 |  |  | 1,329
Corporate and Other |  |  | 90,598 |  |  | 31,471
|  | $ | 453,943 |  | $ | 212,616

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration