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Revenue Recognition
 6 Months Ended
Jun. 30, 2024
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

2024

2023

2024

2023

Revenue from contracts with customers

$

146,435

$

136,761

$

282,451

$

245,268

Cost recovery income

1,066

—

1,066

3,501

Century Casino Calgary sale earn out revenue

—

672

—

1,246

Total revenue

$

147,501

$

137,433

$

283,517

$

250,015

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, 2024

Amounts in thousands

United States

Canada

Poland

Corporate and Other

Total

Gaming

$

74,768

$

12,506

$

19,614

$

—

$

106,888

Pari-mutuel, sports betting and iGaming

2,775

2,523

—

—

5,298

Hotel

12,618

150

—

—

12,768

Food and beverage

10,510

3,084

216

—

13,810

Other

5,844

1,564

263

—

7,671

Net operating revenue

$

106,515

$

19,827

$

20,093

$

—

$

146,435

For the three months ended June 30, 2023

Amounts in thousands

United States

Canada

Poland

Corporate and Other

Total

Gaming

$

65,988

$

11,598

$

23,255

$

4

$

100,845

Pari-mutuel, sports betting and iGaming

2,387

2,670

—

—

5,057

Hotel

12,111

124

—

—

12,235

Food and beverage

8,569

3,010

239

—

11,818

Other

5,353

1,432

21

—

6,806

Net operating revenue

$

94,408

$

18,834

$

23,515

$

4

$

136,761

For the six months ended June 30, 2024

Amounts in thousands

United States

Canada

Poland

Corporate and Other

Total

Gaming

$

147,072

$

24,523

$

40,710

$

—

$

212,305

Pari-mutuel, sports betting and iGaming

4,070

4,617

—

—

8,687

Hotel

21,795

275

—

—

22,070

Food and beverage

20,331

5,812

412

—

26,555

Other

9,275

2,926

620

13

12,834

Net operating revenue

$

202,543

$

38,153

$

41,742

$

13

$

282,451

For the six months ended June 30, 2023

Amounts in thousands

United States

Canada

Poland

Corporate and Other

Total

Gaming

$

124,378

$

22,199

$

48,503

$

61

$

195,141

Pari-mutuel, sports betting and iGaming

3,669

4,773

—

—

8,442

Hotel

14,514

243

—

—

14,757

Food and beverage

11,678

5,438

470

—

17,586

Other

6,533

2,689

120

—

9,342

Net operating revenue

$

160,772

$

35,342

$

49,093

$

61

$

245,268

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 $2.4 million and $2.7 million for the three and six months ended June 30, 2024 and $1.5 million for the three and six months ended June 30, 2023. 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 ended

For the three months ended

June 30, 2024

June 30, 2023

Amounts in thousands

Receivables

Contract Liabilities

Receivables

Contract Liabilities

Opening

$

1,109

$

6,064

$

638

$

2,185

Closing

853

7,121

652

3,706

(Decrease)/Increase

$

(256)

$

1,057

$

14

$

1,521

For the six months ended

For the six months ended

June 30, 2024

June 30, 2023

Amounts in thousands

Receivables

Contract Liabilities

Receivables

Contract Liabilities

Opening

$

1,640

$

4,714

$

1,351

$

2,417

Closing

853

7,121

652

3,706

(Decrease)/Increase

$

(787)

$

2,407

$

(699)

$

1,289

Receivables are included in accounts receivable and contract liabilities are included in accrued liabilities on the Company’s condensed consolidated balance sheets.

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.