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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES:        
Casino $ 178,459 $ 156,788 $ 347,537 $ 304,450
Pari-mutuel commissions 2,893 3,056 3,577 4,261
Food and beverage 36,967 23,495 70,706 45,677
Hotel 25,677 8,444 45,842 15,478
Other 11,014 6,573 21,899 11,299
Gross revenues 255,010 198,356 489,561 381,165
Less promotional allowances (23,695) (15,723) (44,680) (31,081)
Net operating revenues 231,315 182,633 444,881 350,084
EXPENSES:        
Casino 100,374 91,066 196,636 177,884
Pari-mutuel commissions 2,931 3,093 4,255 4,789
Food and beverage 20,783 12,002 40,511 23,923
Hotel 7,979 2,313 15,108 4,503
Other 6,618 3,567 12,692 6,434
Marketing and promotions 9,766 7,404 19,341 14,505
General and administrative 32,380 23,053 64,035 46,597
Corporate 4,354 3,901 11,258 8,061
Depreciation and amortization 15,583 14,031 31,787 28,500
Total operating expenses 200,768 160,430 395,623 315,196
GAIN ON SALE OR DISPOSAL OF PROPERTY (836) 3 (765) 4
ACQUISITION CHARGES (56) (253) (576) (337)
EQUITY IN LOSSES OF UNCONSOLIDATED AFFILIATE   1,106   588
OPERATING INCOME 29,655 23,059 47,917 35,143
OTHER EXPENSE:        
Interest expense, net (12,795) (17,232) (25,786) (34,464)
Loss on early retirement of debt, net (89)   (155)  
Total other expense (12,884) (17,232) (25,941) (34,464)
NET INCOME (LOSS) BEFORE INCOME TAXES 16,771 5,827 21,976 679
PROVISION FOR INCOME TAXES (5,980) (1,032) (7,816) (2,048)
NET INCOME (LOSS) $ 10,791 $ 4,795 $ 14,160 $ (1,369)
Net income (loss) per share of common stock:        
Basic $ 0.23 $ 0.10 $ 0.30 $ (0.03)
Diluted $ 0.23 $ 0.10 $ 0.30 $ (0.03)
Weighted average number of shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 47,071,608 46,516,614 46,966,391 46,505,687
Weighted Average Number of Shares Outstanding, Diluted 47,721,075 46,657,618 47,591,958 46,505,687