XML 43 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Casino $ 156,788 $ 48,154 $ 304,450 $ 92,823
Pari-mutuel commissions 3,056   4,261  
Food and beverage 23,495 15,027 45,677 29,374
Hotel 8,444 7,305 15,478 13,192
Other 6,573 2,239 11,299 4,419
Gross operating revenues 198,356 72,725 381,165 139,808
Less: Promotional allowances (15,723) (10,976) (31,081) (21,029)
Net operating revenues 182,633 61,749 350,084 118,779
Expenses:        
Casino 91,066 25,309 177,884 49,282
Pari-mutuel commissions 3,093   4,789  
Food and beverage 12,002 7,406 23,923 14,426
Hotel 2,313 1,914 4,503 3,859
Other 3,567 1,774 6,434 3,423
Marketing and promotions 7,404 4,747 14,505 8,887
General and administrative 26,954 10,818 54,658 21,629
Depreciation and amortization 14,031 4,086 28,500 8,274
Total operating expenses 160,430 56,054 315,196 109,780
Gain on sale or disposal of property 3   4  
Acquisition charges (253) (1,081) (337) (2,453)
Equity in income of unconsolidated affiliates 1,106 2,161 588 1,781
Operating income 23,059 6,775 35,143 8,327
Other Income (Expense):        
Interest income 6 4 11 8
Interest expense (17,238) (3,870) (34,475) (7,759)
Total other expense (17,232) (3,866) (34,464) (7,751)
Net loss before income taxes 5,827 2,909 679 576
Provision for income taxes (1,032) 0 (2,048) 0
Net income (loss) $ 4,795 $ 2,909 $ (1,369) $ 576
Net income (loss) per share of Common Stock:        
Basic $ 0.10 $ 0.12 $ (0.03) $ 0.02
Diluted $ 0.10 $ 0.12 $ (0.03) $ 0.02
Weighted Average Number of Shares Outstanding:        
Basic (in shares) 46,516,614 23,311,492 46,505,687 23,311,492
Diluted (in shares) 46,657,618 23,311,492 46,505,687 23,311,492