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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Gaming $ 28,527,000 $ 12,893,000
Racing 1,364,000 1,486,000
Food and beverage 2,572,000 508,000
Room 684,000 0
Other 375,000 234,000
Gross revenues 33,522,000 15,121,000
Less: Promotional allowances 0 (352,000)
Net revenues 33,522,000 14,769,000
Operating costs and expenses:    
Gaming 21,348,000 9,860,000
Racing 1,708,000 1,298,000
Food and beverage 3,551,000 989,000
Room 857,000 0
Other 62,000 81,000
Selling, general and administrative 8,084,000 4,292,000
Development Projects 11,095,000 4,269,000
Amortization of gaming license 1,052,000 0
Depreciation 4,656,000 336,000
Total operating costs and expenses 52,413,000 21,125,000
Loss from operations (18,891,000) (6,356,000)
Interest expense (2,396,000) (5,549,000)
Interest income 376,000 454,000
Loss before income taxes (20,911,000) (11,451,000)
Income tax provision 0 0
Net loss (20,911,000) (11,451,000)
Unrealized income (loss) on Interest Rate Cap (115,000) 91,000
Dividends on preferred stock (32,000) (32,000)
Net loss applicable to common stockholders $ (20,943,000) $ (11,483,000)
Weighted average common shares outstanding, basic (shares) 32,538 31,003
Weighted average common shares outstanding, diluted (shares) 32,538 31,003
Loss per common share, basic (usd per share) $ (0.64) $ (0.37)
Loss per common share, diluted (usd per share) $ (0.64) $ (0.37)
Comprehensive loss $ (20,796,000) $ (11,542,000)