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Revenue Recognition
 9 Months Ended
Sep. 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 nine months

ended September 30,

ended September 30,

Amounts in thousands

2021

2020

2021

2020

Revenue from contracts with customers

$

116,610

$

95,706

$

281,207

$

219,466

Interest income

164

—

164

6

Cost recovery income

—

—

655

158

Century Casino Calgary sale earn out revenue

47

—

47

—

Total revenue

$

116,821

$

95,706

$

282,073

$

219,630


‎

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 September 30, 2021

Amounts in thousands

United States

Canada

Poland

Corporate and Other

Total

Gaming

$

64,569

$

12,917

$

20,811

$

69

$

98,366

Pari-mutuel, sports betting and iGaming

2,617

3,583

—

—

6,200

Hotel

2,243

—

—

—

2,243

Food and beverage

2,950

2,962

166

—

6,078

Other

1,518

1,906

174

125

3,723

Net operating revenue

$

73,897

$

21,368

$

21,151

$

194

$

116,610

For the three months ended September 30, 2020

Amounts in thousands

United States

Canada

Poland

Corporate and Other

Total

Gaming

$

52,163

$

9,961

$

16,140

$

25

$

78,289

Pari-mutuel, sports betting and iGaming

3,400

3,677

—

—

7,077

Hotel

1,981

—

—

—

1,981

Food and beverage

2,747

1,712

174

—

4,633

Other

2,356

1,227

25

118

3,726

Net operating revenue

$

62,647

$

16,577

$

16,339

$

143

$

95,706

For the nine months ended September 30, 2021

Amounts in thousands

United States

Canada

Poland

Corporate and Other

Total

Gaming

$

190,159

$

15,937

$

34,514

$

84

$

240,694

Pari-mutuel, sports betting and iGaming

5,825

7,517

—

—

13,342

Hotel

6,214

—

—

—

6,214

Food and beverage

8,676

3,504

221

—

12,401

Other

4,095

3,073

1,016

372

8,556

Net operating revenue

$

214,969

$

30,031

$

35,751

$

456

$

281,207

For the nine months ended September 30, 2020

Amounts in thousands

United States

Canada

Poland

Corporate and Other

Total

Gaming

$

119,796

$

22,243

$

39,643

$

821

$

182,503

Pari-mutuel, sports betting and iGaming

4,586

7,572

—

—

12,158

Hotel

4,190

83

—

—

4,273

Food and beverage

7,273

4,526

432

105

12,336

Other

4,063

3,055

718

360

8,196

Net operating revenue

$

139,908

$

37,479

$

40,793

$

1,286

$

219,466

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 $1.0 million and $0.5 million for the three and nine months ended September 30, 2021, respectively, and $0.6 million for each of the three and nine months ended September 30, 2020. 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 September 30, 2021

ended September 30, 2020

Amounts in thousands

Receivables

Contract Liabilities

Receivables

Contract Liabilities

Opening

$

739

2,769

$

9

$

2,193

Closing

899

3,038

—

2,014

Increase/(decrease)

$

160

$

269

$

(9)

$

(179)

For the nine months

For the nine months

ended September 30, 2021

ended September 30, 2020

Amounts in thousands

Receivables

Contract Liabilities

Receivables

Contract Liabilities

Opening

$

1,103

2,200

$

326

663

Closing

899

3,038

—

2,014

Increase/(decrease)

$

(204)

$

838

$

(326)

$

1,351

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 nine months ended September 30, 2020. The increase in contract liabilities for the nine months ended September 30, 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.