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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2025
SEGMENT REPORTING |
Schedule of Segment Information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In thousands) | ​ | Three Months Ended March 31, 2025
​ | ​ | ​ | ​ | ​ | ​ | Contracted | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Sports | ​ | ​
​ | ​ | Midwest & South | ​ | West | ​ | Wagering | ​ | Total
Revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Casino | ​ | $ | 44,044 | ​ | $ | 11,256 | ​ | $ | — | ​ | $ | 55,300
Food and beverage | ​ |  | 8,171 | ​ |  | 1,890 | ​ |  | — | ​ |  | 10,061
Hotel | ​ |  | 1,700 | ​ |  | 2,142 | ​ |  | — | ​ |  | 3,842
Other operations, including contracted sports wagering | ​ |  | 3,257 | ​ |  | 318 | ​ |  | 2,280 | ​ |  | 5,855
Total consolidated revenues | ​ | ​ | 57,172 | ​ | ​ | 15,606 | ​ | ​ | 2,280 | ​ | ​ | 75,058
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Payroll and related costs | ​ | ​ | 15,280 | ​ | ​ | 6,997 | ​ | ​ | — | ​ | ​ | 22,277
Cost of sales | ​ | ​ | 3,972 | ​ | ​ | 956 | ​ | ​ | — | ​ | ​ | 4,928
Taxes(1) | ​ | ​ | 9,982 | ​ | ​ | 1,764 | ​ | ​ | 13 | ​ | ​ | 11,759
Other segment items(2) | ​ | ​ | 14,831 | ​ | ​ | 8,356 | ​ | ​ | 87 | ​ | ​ | 23,274
Total segment expenses | ​ | ​ | 44,065 | ​ | ​ | 18,073 | ​ | ​ | 100 | ​ | ​ | 62,238
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Adjusted Segment EBITDA | ​ | ​ | 13,107 | ​ | ​ | (2,467) | ​ | ​ | 2,180 | ​ | ​ | 12,820
Other operating costs and expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (10,607)
Corporate expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (1,333)
Project development costs | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (141)
Loss on disposal of assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (6)
Impairment of assets held for sale at Stockman’s | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (212)
Stock-based compensation, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 217
Operating income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 738
Other expense: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (10,297)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (10,297)
Loss before income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (9,559)
Income tax provision | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 206
Net loss | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (9,765)
__________
(1) | Excludes real estate and property taxes.
(2) | For each reportable segment, the “Other segment items” category includes:
| ● | Midwest & South and West ─ Advertising and marketing, rent expense, insurance, and other miscellaneous costs.
| ● | Contracted Sports Wagering ─ Credit loss expense net of recoveries, as well as certain overhead expenses.
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(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
Total consolidated revenues | ​ | ​ | 54,632 | ​ | ​ | 13,032 | ​ | ​ | 2,260 | ​ | ​ | 69,924
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Payroll and related costs | ​ | ​ | 14,129 | ​ | ​ | 5,644 | ​ | ​ | — | ​ | ​ | 19,773
Cost of sales | ​ | ​ | 4,612 | ​ | ​ | 745 | ​ | ​ | — | ​ | ​ | 5,357
Taxes(1) | ​ | ​ | 9,204 | ​ | ​ | 1,243 | ​ | ​ | 13 | ​ | ​ | 10,460
Other segment items(2) | ​ | ​ | 14,005 | ​ | ​ | 5,533 | ​ | ​ | 312 | ​ | ​ | 19,850
Total segment expenses | ​ | ​ | 41,950 | ​ | ​ | 13,165 | ​ | ​ | 325 | ​ | ​ | 55,440
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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 provision | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 416
Net loss | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (11,272)
__________
(1) | Excludes real estate and property taxes.
(2) | For each reportable segment, the “Other segment items” category includes:
| ● | Midwest & South and West ─ Advertising and marketing, rent expense, insurance, and other miscellaneous costs.
| ● | Contracted Sports Wagering ─ Credit loss expense net of recoveries, as well as certain overhead expenses.
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(In thousands) | ​ | March 31, | ​ | December 31,
​ |  | 2025 |  | 2024
Total Assets | ​ | ​ | ​ | ​ | ​ | ​
Midwest & South | ​ | $ | 290,880 | ​ | $ | 293,466
West | ​ |  | 353,493 | ​ |  | 360,057
Contracted Sports Wagering | ​ | ​ | 4 | ​ | ​ | 68
Corporate and Other | ​ |  | 12,822 | ​ |  | 19,743
​ | ​ | $ | 657,199 | ​ | $ | 673,334
​

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- 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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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