SEGMENT REPORTING

6 Months Ended

Jun. 30, 2020

As of June 30, 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 June 30, 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 is currently evaluating the impact of the recent acquisition of Casino KC and Casino Vicksburg, as well as the pending acquisitions of Shreveport, MontBleu and Bally’s Atlantic City, on its operating and reporting segments.

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 June 30, 2020
Total revenue	$	3,954	$	6,464	$	17,136	$	1,370	$	28,924
Income (loss) from operations	(13,599)		(3,212)		2,117		(6,269)		(20,963)
Income (loss) before provision for income taxes	(13,579)		(3,248)		2,122		(21,368)		(36,073)
Depreciation and amortization	4,751		1,464		2,238		690		9,143
Interest expense	—		36		—		15,186		15,222
Capital expenditures	1,348		133		416		552		2,449
Goodwill	83,101		1,047		48,934		—		133,082
Total assets	494,315		132,960		255,907		316,779		1,199,961

Three Months Ended June 30, 2019
Total revenue	$	82,856	$	25,751	$	32,118	$	2,493	$	143,218
Income (loss) from operations	31,552		1,862		5,655		(5,223)		33,846
Income (loss) before provision for income taxes	29,560		1,843		5,663		(13,741)		23,325
Depreciation and amortization	4,546		1,284		2,359		44		8,233
Interest expense	955		59		—		8,952		9,966
Capital expenditures	6,694		809		3,565		112		11,180
Goodwill	83,101		711		48,934		—		132,746
Total assets	588,224		137,914		268,092		235,234		1,229,464


(in thousands)	Rhode Island		Delaware		Biloxi		Other		Total
Six Months Ended June 30, 2020
Total revenue	$	60,233	$	27,550	$	42,618	$	7,671	$	138,072
Income (loss) from operations	(2,594)		(2,888)		3,894		(22,544)		(24,132)
Income (loss) before provision for income taxes	(2,538)		(2,965)		3,908		(49,020)		(50,615)
Depreciation and amortization	9,533		2,918		4,501		1,170		18,122
Interest expense	—		77		—		26,661		26,738
Capital expenditures	2,487		898		1,130		933		5,448
Goodwill	83,101		1,047		48,934		—		133,082
Total assets	494,315		132,960		255,907		316,779		1,199,961

Six Months Ended June 30, 2019
Total revenue	$	168,980	$	27,275	$	63,149	$	4,445	$	263,849
Income (loss) from operations	62,871		1,862		11,069		(11,649)		64,153
Income (loss) before provision for income taxes	58,567		1,843		11,081		(24,897)		46,594
Depreciation and amortization	8,961		1,284		4,666		91		15,002
Interest expense	3,275		59		—		13,683		17,017
Capital expenditures	13,597		809		4,148		125		18,679
Goodwill	83,101		711		48,934		—		132,746
Total assets	588,224		137,914		268,092		235,234		1,229,464