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Revenue Recognition
 12 Months Ended
Dec. 31, 2020
Revenue Recognition [Abstract]  
Revenue Recognition

9.  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 year

ended December 31,

Amounts in thousands

2020

2019

2018

Revenue from contracts with customers

$

304,268

$

218,227

$

168,938

Interest income

6

21

103

Cost recovery income

158

417

—

Dividend income

—

18

—

Total revenue

$

304,432

$

218,683

$

169,041

The Company operates gaming establishments as well as related lodging, restaurant, horse racing (including off-track betting), sports 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 geographical location is presented in the tables below.

For the year ended December 31, 2020

Amounts in thousands

United States

Canada

Poland

Corporate and Other

Total

Gaming

$

168,904

$

30,319

$

53,228

$

830

$

253,281

Hotel

5,826

84

—

—

5,910

Food and beverage

9,795

5,832

462

105

16,194

Pari-mutuel and other

13,819

14,005

581

478

28,883

Net operating revenue

$

198,344

$

50,240

$

54,271

$

1,413

$

304,268

For the year ended December 31, 2019

Amounts in thousands

United States

Canada

Poland

Corporate and Other

Total

Gaming

$

42,285

$

49,450

$

80,829

$

4,302

$

176,866

Hotel

2,030

491

—

—

2,521

Food and beverage

4,804

13,507

912

799

20,022

Pari-mutuel and other

879

17,202

153

584

18,818

Net operating revenue

$

49,998

$

80,650

$

81,894

$

5,685

$

218,227

For the year ended December 31, 2018

Amounts in thousands

United States

Canada

Poland

Corporate and Other

Total

Gaming

$

27,736

$

40,470

$

67,289

$

4,806

$

140,301

Hotel

1,444

542

—

—

1,986

Food and beverage

3,931

10,528

782

501

15,742

Pari-mutuel and other

372

9,821

138

578

10,909

Net operating revenue

$

33,483

$

61,361

$

68,209

$

5,885

$

168,938

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 $0.6 and $0.2 million for the years ended December 31, 2020 and 2019, respectively. This revenue consisted 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 table below.

For the year

For the year

ended December 31, 2020

ended December 31, 2019

Amounts in thousands

Receivables

Contract Liabilities

Receivables

Contract Liabilities

Opening

$

326

663

$

305

$

219

Closing

1,103

2,200

326

663

Increase/(decrease)

$

777

$

1,537

$

21

$

444

Receivables are included in accounts receivable and contract liabilities are included in accrued liabilities on the Company’s 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 year ended December 31, 2020. The increase in contract receivables for the year ended December 31, 2020 relates to sports betting agreements, and the increase in contract liabilities for the year ended December 31, 2020 relates to deferred revenue for a sports betting agreement entered into by the Company’s subsidiary that owns 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.