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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Gross revenues $ 49,136 $ 18,287 $ 82,658 $ 33,408
Less: Promotional allowances 0 (1,101) 0 (1,453)
Net revenues 49,136 17,186 82,658 31,955
Operating costs and expenses:        
Selling, general and administrative 16,949 5,125 25,033 9,428
Development Projects 537 4,416 11,632 8,685
Amortization of gaming license 1,577 0 2,629 0
Depreciation 7,805 389 12,461 725
Total operating costs and expenses 71,530 24,016 123,943 45,141
Loss from operations (22,394) (6,830) (41,285) (13,186)
Interest expense (15,057) (6,164) (17,453) (11,713)
Interest income 153 1,078 529 1,532
Loss before income taxes (37,298) (11,916) (58,209) (23,367)
Income tax provision 0 0 0 0
Net loss (37,298) (11,916) (58,209) (23,367)
Unrealized income (loss) on Interest Rate Cap 72 (299) 187 (390)
Dividends on preferred stock (32) (32) (64) (64)
Net loss applicable to common stockholders $ (37,330) $ (11,948) $ (58,273) $ (23,431)
Weighted average common shares outstanding, basic (shares) 32,663 31,029 32,601 31,031
Weighted average common shares outstanding, diluted (shares) 32,663 31,029 32,601 31,031
Loss per common share, basic (usd per share) $ (1.14) $ (0.39) $ (1.79) $ (0.76)
Loss per common share, diluted (usd per share) $ (1.14) $ (0.39) $ (1.79) $ (0.76)
Comprehensive loss $ (37,226) $ (12,215) $ (58,022) $ (23,757)
Gaming        
Revenues:        
Gross revenues 39,798 16,230 68,325 29,123
Operating costs and expenses:        
Cost of goods and services sold 34,462 11,817 55,810 21,645
Racing        
Revenues:        
Gross revenues 1,194 1,237 2,558 2,723
Operating costs and expenses:        
Cost of goods and services sold 2,017 1,160 3,725 2,459
Food and beverage        
Revenues:        
Gross revenues 4,569 589 7,141 1,098
Operating costs and expenses:        
Cost of goods and services sold 6,031 1,029 9,582 2,038
Room        
Revenues:        
Gross revenues 1,775 0 2,459 0
Operating costs and expenses:        
Cost of goods and services sold 2,103 0 2,960 0
Other        
Revenues:        
Gross revenues 1,800 231 2,175 464
Operating costs and expenses:        
Other $ 49 $ 80 $ 111 $ 161