FINANCIAL REPORTING BY BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2024

FINANCIAL REPORTING BY BUSINESS SEGMENTS

Segments' Internal Financial Reports

The following information is derived directly from the segments’ internal financial reports used for corporate management purposes (amounts in thousands):

	Three Months Ended
	March 31,
	2024		2023
Revenues:
Hospitality	$	461,470	$	424,439
Entertainment		66,875		67,280
Corporate and Other		—		—
Total	$	528,345	$	491,719
Depreciation and amortization:
Hospitality	$	50,230	$	42,875
Entertainment		6,740		5,265
Corporate and Other		232		217
Total	$	57,202	$	48,357
Operating income (loss):
Hospitality	$	102,185	$	106,070
Entertainment		7,548		10,581
Corporate and Other		(12,186)		(10,811)
Preopening costs		(1,436)		(190)
Gain on sale of assets		270		—
Total operating income		96,381		105,650
Interest expense		(60,443)		(42,528)
Interest income		7,522		2,547
Loss on extinguishment of debt		(522)		—
Income (loss) from unconsolidated joint ventures		32		(2,806)
Other gains and (losses), net		321		(236)
Income before income taxes	$	43,291	$	62,627

	March 31,		December 31,
	2024		2023
Total assets:
Hospitality	$	3,975,307	$	4,039,804
Entertainment		635,914		610,663
Corporate and Other		478,078		538,070
Total assets	$	5,089,299	$	5,188,537