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Equity Investment | 3 Months Ended
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Mar. 31, 2023
Equity Investment [Abstract] |
Equity Investment | 3. EQUITY INVESTMENT Following is summarized financial information regarding Smooth Bourbon as of March 31, 2023:
|  | For the three months ended
Amounts in thousands |  | March 31, 2023
Operating Results |  |  |
Net operating revenue |  | $ | 3,852
Earnings from continuing operations |  | $ | 3,729
Net earnings |  | $ | 2,181
Net earnings attributable to Century Casinos, Inc. |  | $ | 1,091
The Company’s maximum exposure to losses at March 31, 2023 was $92.1 million, the value of its equity investment in Smooth Bourbon. Changes in the carrying amount of the investment in Smooth Bourbon for the three months ended March 31, 2023 are presented in the table below.
Amounts in thousands |  |  | Balance at ‎January 1, 2023 |  |  | Equity Earnings |  |  | Dividend |  |  | Balance at ‎March 31, 2023
Smooth Bourbon |  | $ | 93,260 |  | $ | 1,091 |  | $ | (2,256) |  | $ | 92,095

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI https://asc.fasb.org/topic&trid=2196965 + Details
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