SEGMENT REPORTING

3 Months Ended

Mar. 31, 2020

As of March 31, 2020, the Company has six operating segments, Twin River Casino Hotel, Hard Rock Biloxi, Tiverton Casino Hotel, Dover Downs, the Black Hawk Casinos and Mile High USA, which have been aggregated into three reportable segments. The Company’s Rhode Island reportable segment includes Twin River Casino Hotel and Tiverton Casino Hotel. The Company’s Biloxi reportable segment includes only Hard Rock Biloxi. The Company’s Delaware reportable segment includes only Dover Downs. The Company is still evaluating whether the Black Hawk Casinos will be aggregated into one of the Company’s existing reportable segments or represent its own reportable segment. As of March 31, 2020, and reflected in the table below, the “Other” category includes the Black Hawk Casinos and Mile High USA, an immaterial operating segment. “Other” also includes interest expense for the Company and certain corporate operating expenses that are not allocated to the other segments, which include, among other expenses, share-based compensation, merger and acquisition costs, and certain non-recurring charges.

The Company’s operations are all within the United States. The Company does not have any revenues from any individual customers that exceed 10% of total reported revenues.

The following table shows revenues, income (loss), and identifiable assets for each of the Company’s reportable segments and reconciles these to amounts shown in the Company’s condensed consolidated financial statements.


(in thousands)	Rhode Island		Delaware		Biloxi		Other		Total
Three Months Ended March 31, 2020
Total revenue	$	56,279	$	21,086	$	25,482	$	6,301	$	109,148
Income (loss) from operations	11,005		324		1,777		(16,275)		(3,169)
Income (loss) before provision for income taxes	11,041		283		1,786		(27,652)		(14,542)
Depreciation and amortization	4,782		1,454		2,263		480		8,979
Interest expense	—		41		—		11,475		11,516
Capital expenditures	1,139		765		714		381		2,999
Goodwill	83,101		1,047		48,934		—		133,082
Total assets	504,597		128,912		251,228		330,586		1,215,323

Three Months Ended March 31, 2019
Total revenue	$	86,125	$	1,525	$	31,032	$	1,949	$	120,631
Income (loss) from operations	31,319		—		5,414		(6,426)		30,307
Income (loss) before provision for income taxes	29,007		—		5,418		(11,156)		23,269
Depreciation and amortization	4,415		—		2,307		47		6,769
Interest expense	2,319		—		—		4,732		7,051
Capital expenditures	6,902		—		582		15		7,499
Goodwill	83,101		—		48,934		—		132,035
Total assets	550,274		140,407		261,645		(1,250)		951,076