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Revenue Recognition | 6 Months Ended
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Jun. 30, 2020
Revenue Recognition [Abstract] |
Revenue Recognition | 12.REVENUE RECOGNITION The Company derives revenue and other income from contracts with customers and financial instruments. A breakout of the Company’s derived revenue and other income is presented in the table below.
|  | For the three months |  | For the six months
|  | ended June 30, |  | ended June 30,
Amounts in thousands |  | 2020 |  | 2019 |  | 2020 |  | 2019
Revenue from contracts with customers |  | $ | 36,103 |  | $ | 52,445 |  | $ | 123,760 |  | $ | 98,057
Interest income |  |  | 5 |  |  | 5 |  |  | 6 |  |  | 9
Cost recovery income |  |  | 158 |  |  | 417 |  |  | 158 |  |  | 417
Dividend income |  |  | — |  |  | 18 |  |  | — |  |  | 18
Total revenue |  | $ | 36,266 |  | $ | 52,885 |  | $ | 123,924 |  | $ | 98,501
The Company operates gaming establishments as well as related lodging, restaurant, horse racing (including off-track betting) and entertainment facilities around the world. The Company generates revenue at its properties by providing the following types of products and services: gaming, hotel, food and beverage, and pari-mutuel and other. Disaggregation of the Company’s revenue from contracts with customers by type of revenue and reportable segment is presented in the tables below.
| For the three months ended June 30, 2020
Amounts in thousands |  | United States |  |  | Canada |  |  | Poland |  |  | Corporate and Other |  |  | Total
Gaming | $ | 21,095 |  | $ | 2,077 |  | $ | 6,748 |  | $ | 2 |  | $ | 29,922
Hotel |  | 476 |  |  | — |  |  | — |  |  | — |  |  | 476
Food and beverage |  | 774 |  |  | 313 |  |  | 64 |  |  | — |  |  | 1,151
Other |  | 1,487 |  |  | 2,329 |  |  | 578 |  |  | 160 |  |  | 4,554
Net operating revenue | $ | 23,832 |  | $ | 4,719 |  | $ | 7,390 |  | $ | 162 |  | $ | 36,103
| For the three months ended June 30, 2019
Amounts in thousands |  | United States |  |  | Canada |  |  | Poland |  |  | Corporate and Other |  |  | Total
Gaming | $ | 7,381 |  | $ | 13,649 |  | $ | 19,875 |  | $ | 1,081 |  | $ | 41,986
Hotel |  | 373 |  |  | 121 |  |  | — |  |  | — |  |  | 494
Food and beverage |  | 949 |  |  | 3,656 |  |  | 214 |  |  | 235 |  |  | 5,054
Other |  | 106 |  |  | 4,562 |  |  | 18 |  |  | 225 |  |  | 4,911
Net operating revenue | $ | 8,809 |  | $ | 21,988 |  | $ | 20,107 |  | $ | 1,541 |  | $ | 52,445
‎
| For the six months ended June 30, 2020
Amounts in thousands |  | United States |  |  | Canada |  |  | Poland |  |  | Corporate and Other |  |  | Total
Gaming | $ | 67,631 |  | $ | 12,286 |  | $ | 23,503 |  | $ | 795 |  | $ | 104,215
Hotel |  | 2,209 |  |  | 83 |  |  | — |  |  | — |  |  | 2,292
Food and beverage |  | 4,528 |  |  | 2,812 |  |  | 258 |  |  | 105 |  |  | 7,703
Other |  | 2,894 |  |  | 5,721 |  |  | 692 |  |  | 243 |  |  | 9,550
Net operating revenue | $ | 77,262 |  | $ | 20,902 |  | $ | 24,453 |  | $ | 1,143 |  | $ | 123,760
| For the six months ended June 30, 2019
Amounts in thousands |  | United States |  |  | Canada |  |  | Poland |  |  | Corporate and Other |  |  | Total
Gaming | $ | 14,179 |  | $ | 23,582 |  | $ | 39,335 |  | $ | 2,230 |  | $ | 79,326
Hotel |  | 694 |  |  | 246 |  |  | — |  |  | — |  |  | 940
Food and beverage |  | 1,811 |  |  | 6,097 |  |  | 441 |  |  | 456 |  |  | 8,805
Other |  | 190 |  |  | 8,364 |  |  | 83 |  |  | 349 |  |  | 8,986
Net operating revenue | $ | 16,874 |  | $ | 38,289 |  | $ | 39,859 |  | $ | 3,035 |  | $ | 98,057
For the majority of the Company’s contracts with customers, payment is made in advance of the services and contracts are settled on the same day the sale occurs with revenue recognized on the date of the sale. For contracts that are not settled, a contract liability is created. The expected duration of the performance obligation is less than one year. The amount of revenue recognized that was included in the opening contract liability balance was less than $0.1 million and $0.6 million for the three and six months ended June 30, 2020, respectively, and $0.2 million for the three and six months ended June 30, 2019. This revenue consists primarily of the Company’s deferred gaming revenue from player points earned through play at the Company’s casinos located in the United States. Activity in the Company’s receivables and contract liabilities is presented in the tables below.
|  | For the three months |  | For the three months
|  | ended June 30, 2020 |  | ended June 30, 2019
Amounts in thousands |  | Receivables |  | Contract Liabilities |  | Receivables |  | Contract Liabilities
Opening |  | $ | 19 |  |  | 722 |  | $ | 320 |  | $ | 214
Closing |  |  | 9 |  |  | 2,193 |  |  | 310 |  |  | 242
Increase/(decrease) |  | $ | (10) |  | $ | 1,471 |  | $ | (10) |  | $ | 28
|  | For the six months |  | For the six months
|  | ended June 30, 2020 |  | ended June 30, 2019
Amounts in thousands |  | Receivables |  | Contract Liabilities |  | Receivables |  | Contract Liabilities
Opening |  | $ | 326 |  |  | 663 |  | $ | 305 |  | $ | 219
Closing |  |  | 9 |  |  | 2,193 |  |  | 310 |  |  | 242
Increase/(decrease) |  | $ | (317) |  | $ | 1,530 |  | $ | 5 |  | $ | 23
Receivables are included in accounts receivable and contract liabilities are included in accrued liabilities on the Company’s condensed consolidated balance sheets. In March 2020, the Company wrote-down its receivables related to MCE based on assessments made due to COVID-19 and future cash flows of MCE, and as a result, charged $0.3 million to general and administrative expenses during the six months ended June 30, 2020. The increase in contract liabilities for the three and six months ended June 30, 2020 relates to deferred revenue for a sports betting agreement entered into by the Company’s subsidiary CRC. Substantially all of the Company’s contracts and contract liabilities have an original duration of one year or less. The Company applies the practical expedient for such contracts and does not consider the effects of the time value of money. Further, because of the short duration of these contracts, the Company has not disclosed the transaction price for the remaining performance obligations as of the end of each reporting period or when the Company expects to recognize this revenue. ‎

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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