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SEGMENT REPORTING AND DISAGGREGATED REVENUE (Tables) | 3 Months Ended
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Mar. 31, 2024
SEGMENT REPORTING AND DISAGGREGATED REVENUE |
Schedule of Total Revenues By Segment | The following tables present the Company’s segment information: ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In thousands) | ​ | Three Months Ended March 31, 2024
​ | ​ | ​ | ​ | ​ | ​ | Contracted | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Sports | ​ | ​
​ | ​ | Midwest & South | ​ | West | ​ | Wagering | ​ | Total
Revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Casino | ​ | $ | 40,909 | ​ | $ | 10,764 | ​ | $ | — | ​ | $ | 51,673
Food and beverage | ​ |  | 8,510 | ​ |  | 1,259 | ​ |  | — | ​ |  | 9,769
Hotel | ​ |  | 2,008 | ​ |  | 844 | ​ |  | — | ​ |  | 2,852
Other operations, including contracted sports wagering | ​ |  | 3,205 | ​ |  | 165 | ​ |  | 2,260 | ​ |  | 5,630
​ | ​ | $ | 54,632 | ​ | $ | 13,032 | ​ | $ | 2,260 | ​ | $ | 69,924
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Adjusted Segment EBITDA | ​ | $ | 12,682 | ​ | $ | (133) | ​ | $ | 1,935 | ​ | $ | 14,484
Other operating costs and expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (10,625)
Corporate expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (2,075)
Preopening costs | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (1,663)
Loss on disposal of assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (18)
Stock-based compensation | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (709)
Operating loss | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (606)
Other expense: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (10,250)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (10,250)
Loss before income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (10,856)
Income tax expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 416
Net loss | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (11,272)
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In thousands) | ​ | Three Months Ended March 31, 2023
​ | ​ | ​ | ​ | ​ | ​ | Contracted | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Sports | ​ | ​
​ | ​ | Midwest & South | ​ | West | ​ | Wagering | ​ | Total
Revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Casino | ​ | $ | 28,852 | ​ | $ | 7,135 | ​ | $ | — | ​ | $ | 35,987
Food and beverage | ​ |  | 6,897 | ​ |  | 763 | ​ |  | — | ​ |  | 7,660
Hotel | ​ |  | 2,040 | ​ |  | 104 | ​ |  | — | ​ |  | 2,144
Other operations, including contracted sports wagering | ​ |  | 3,013 | ​ |  | 122 | ​ |  | 1,180 | ​ |  | 4,315
​ | ​ | $ | 40,802 | ​ | $ | 8,124 | ​ | $ | 1,180 | ​ | $ | 50,106
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Adjusted Segment EBITDA | ​ | $ | 10,687 | ​ | $ | 56 | ​ | $ | 1,161 | ​ | $ | 11,904
Other operating costs and expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (5,859)
Corporate expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (1,779)
Project development costs | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (7)
Preopening costs | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (10,497)
Stock-based compensation | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (748)
Operating loss | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (6,986)
Other (expense) income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (4,819)
Gain on insurance settlement | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 355
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (4,464)
Loss before income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (11,450)
Income tax benefit | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (35)
Net loss | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (11,415)
​
Schedule of Total Assets By Segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(In thousands) | ​ | March 31, | ​ | December 31,
​ |  | 2024 |  | 2023
Total Assets | ​ | ​ | ​ | ​ | ​ | ​
Midwest & South | ​ | $ | 300,099 | ​ | $ | 298,072
West | ​ |  | 359,974 | ​ |  | 372,875
Contracted Sports Wagering | ​ | ​ | 1,222 | ​ | ​ | 977
Corporate and Other | ​ |  | 9,144 | ​ |  | 16,533
​ | ​ | $ | 670,439 | ​ | $ | 688,457
​

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