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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES:        
Net revenues $ 663,181 $ 487,253 $ 1,936,125 $ 1,384,247
EXPENSES:        
Other 12,092 9,315 34,064 25,030
Marketing and promotions 33,292 23,122 97,673 66,255
General and administrative 122,767 75,599 360,086 223,546
Corporate 13,014 9,217 50,819 33,018
Impairment charges   3,787 958 13,602
Depreciation and amortization 52,592 35,760 166,882 99,204
Total operating expenses 524,033 396,220 1,582,972 1,155,318
(Loss) gain on sale or disposal of property and equipment (284) (110) 21,668 (393)
Proceeds from terminated sales   5,000   5,000
Transaction expenses (12,442) (4,091) (21,628) (10,043)
Loss from unconsolidated affiliates (1,515) (63) (2,132) (116)
Operating (loss) income 124,907 91,769 351,061 223,377
OTHER EXPENSE:        
Interest expense, net (71,897) (34,085) (217,205) (96,579)
Loss on early retirement of debt, net (1,204)   (1,204) (162)
Unrealized gain on restricted investments 3,318   460  
Total other expense (69,783) (34,085) (217,949) (96,741)
Income before income taxes 55,124 57,684 133,112 126,636
Provision for income taxes (18,069) (19,980) (38,892) (31,281)
Net income $ 37,055 $ 37,704 $ 94,220 $ 95,355
Net income per share of common stock:        
Basic $ 0.48 $ 0.49 $ 1.21 $ 1.23
Diluted $ 0.47 $ 0.48 $ 1.20 $ 1.22
Weighted average number of shares outstanding:        
Weighted average basic shares outstanding 77,721,353 77,522,664 77,657,553 77,445,611
Weighted average diluted shares outstanding 78,449,747 78,283,588 78,588,517 78,208,040
Casino and pari-mutuel Commissions        
REVENUES:        
Net revenues $ 458,000 $ 368,169 $ 1,385,848 $ 1,060,417
EXPENSES:        
Cost of goods and services 202,555 180,062 616,101 519,558
Food and Beverage        
REVENUES:        
Net revenues 78,435 58,153 229,072 164,644
Net revenues 78,435 58,153 229,072 164,644
EXPENSES:        
Cost of goods and services 60,406 45,381 180,288 134,927
Hotel        
REVENUES:        
Net revenues 94,318 44,780 237,493 114,447
Net revenues 94,318 44,780 237,493 114,447
EXPENSES:        
Cost of goods and services 27,315 13,977 76,101 40,178
Other        
REVENUES:        
Net revenues 32,428 16,151 83,712 44,739
Net revenues $ 32,428 $ 16,151 $ 83,712 $ 44,739