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Revenue Recognition
 6 Months Ended
Jun. 30, 2021
Revenue Recognition [Abstract]  
Revenue Recognition 11.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

2021

2020

2021

2020

Revenue from contracts with customers

$

92,185

$

36,103

$

164,599

$

123,760

Interest income

—

5

—

6

Cost recovery income

—

158

655

158

Total revenue

$

92,185

$

36,266

$

165,254

$

123,924

The Company operates gaming establishments as well as related lodging, restaurant, horse racing (including off-track betting), sports betting, iGaming, and entertainment facilities around the world. The Company generates revenue at its properties by providing the following types of products and services: gaming, pari-mutuel and sports betting, iGaming, hotel, food and beverage, 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, 2021

Amounts in thousands

United States

Canada

Poland

Corporate and Other

Total

Gaming

$

67,680

$

3,024

$

8,183

$

15

$

78,902

Pari-mutuel, sports betting and iGaming

2,275

2,382

—

—

4,657

Hotel

2,221

—

—

—

2,221

Food and beverage

3,043

506

55

—

3,604

Other

1,481

746

451

123

2,801

Net operating revenue

$

76,700

$

6,658

$

8,689

$

138

$

92,185

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

Pari-mutuel, sports betting and iGaming

1,022

1,820

—

—

2,842

Hotel

476

—

—

—

476

Food and beverage

774

313

64

—

1,151

Other

465

509

578

160

1,712

Net operating revenue

$

23,832

$

4,719

$

7,390

$

162

$

36,103

For the six months ended June 30, 2021

Amounts in thousands

United States

Canada

Poland

Corporate and Other

Total

Gaming

$

125,591

$

3,021

$

13,702

$

15

$

142,329

Pari-mutuel, sports betting and iGaming

3,206

3,935

—

—

7,141

Hotel

3,971

—

—

—

3,971

Food and beverage

5,727

542

55

—

6,324

Other

2,577

1,168

842

247

4,834

Net operating revenue

$

141,072

$

8,666

$

14,599

$

262

$

164,599


‎

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

Pari-mutuel, sports betting and iGaming

1,186

3,895

—

—

5,081

Hotel

2,209

83

—

—

2,292

Food and beverage

4,528

2,812

258

105

7,703

Other

1,708

1,826

692

243

4,469

Net operating revenue

$

77,262

$

20,902

$

24,453

$

1,143

$

123,760

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 $0.5 million and $0.5 million for the three and six months ended June 30, 2021, respectively, and less than $0.1 million and $0.6 million for the three and six months ended June 30, 2020, respectively. 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, 2021

ended June 30, 2020

Amounts in thousands

Receivables

Contract Liabilities

Receivables

Contract Liabilities

Opening

$

472

2,227

$

19

$

722

Closing

739

2,769

9

2,193

Increase/(decrease)

$

267

$

542

$

(10)

$

1,471

For the six months

For the six months

ended June 30, 2021

ended June 30, 2020

Amounts in thousands

Receivables

Contract Liabilities

Receivables

Contract Liabilities

Opening

$

1,103

2,200

$

326

663

Closing

739

2,769

9

2,193

Increase/(decrease)

$

(364)

$

569

$

(317)

$

1,530

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.

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.