Revenue Recognition

6 Months Ended

Jun. 30, 2020

Revenue Recognition [Abstract]

Revenue Recognition

12.REVENUE RECOGNITION

The Company derives revenue and other income from contracts with customers and financial instruments. A breakout of the Company’s derived revenue and other income is presented in the table below.

	For the three months				For the six months
	ended June 30,				ended June 30,
Amounts in thousands	2020		2019		2020		2019
Revenue from contracts with customers	$	36,103	$	52,445	$	123,760	$	98,057
Interest income		5		5		6		9
Cost recovery income		158		417		158		417
Dividend income		—		18		—		18
Total revenue	$	36,266	$	52,885	$	123,924	$	98,501

The Company operates gaming establishments as well as related lodging, restaurant, horse racing (including off-track betting) and entertainment facilities around the world. The Company generates revenue at its properties by providing the following types of products and services: gaming, hotel, food and beverage, and pari-mutuel and other. Disaggregation of the Company’s revenue from contracts with customers by type of revenue and reportable segment is presented in the tables below.

	For the three months ended June 30, 2020
Amounts in thousands		United States		Canada		Poland		Corporate and Other		Total
Gaming	$	21,095	$	2,077	$	6,748	$	2	$	29,922
Hotel		476		—		—		—		476
Food and beverage		774		313		64		—		1,151
Other		1,487		2,329		578		160		4,554
Net operating revenue	$	23,832	$	4,719	$	7,390	$	162	$	36,103

	For the three months ended June 30, 2019
Amounts in thousands		United States		Canada		Poland		Corporate and Other		Total
Gaming	$	7,381	$	13,649	$	19,875	$	1,081	$	41,986
Hotel		373		121		—		—		494
Food and beverage		949		3,656		214		235		5,054
Other		106		4,562		18		225		4,911
Net operating revenue	$	8,809	$	21,988	$	20,107	$	1,541	$	52,445

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	For the six months ended June 30, 2020
Amounts in thousands		United States		Canada		Poland		Corporate and Other		Total
Gaming	$	67,631	$	12,286	$	23,503	$	795	$	104,215
Hotel		2,209		83		—		—		2,292
Food and beverage		4,528		2,812		258		105		7,703
Other		2,894		5,721		692		243		9,550
Net operating revenue	$	77,262	$	20,902	$	24,453	$	1,143	$	123,760

	For the six months ended June 30, 2019
Amounts in thousands		United States		Canada		Poland		Corporate and Other		Total
Gaming	$	14,179	$	23,582	$	39,335	$	2,230	$	79,326
Hotel		694		246		—		—		940
Food and beverage		1,811		6,097		441		456		8,805
Other		190		8,364		83		349		8,986
Net operating revenue	$	16,874	$	38,289	$	39,859	$	3,035	$	98,057

For the majority of the Company’s contracts with customers, payment is made in advance of the services and contracts are settled on the same day the sale occurs with revenue recognized on the date of the sale. For contracts that are not settled, a contract liability is created. The expected duration of the performance obligation is less than one year.

The amount of revenue recognized that was included in the opening contract liability balance was less than $0.1 million and $0.6 million for the three and six months ended June 30, 2020, respectively, and $0.2 million for the three and six months ended June 30, 2019. This revenue consists primarily of the Company’s deferred gaming revenue from player points earned through play at the Company’s casinos located in the United States. Activity in the Company’s receivables and contract liabilities is presented in the tables below.

	For the three months				For the three months
	ended June 30, 2020				ended June 30, 2019
Amounts in thousands	Receivables		Contract Liabilities		Receivables		Contract Liabilities
Opening	$	19		722	$	320	$	214
Closing		9		2,193		310		242
Increase/(decrease)	$	(10)	$	1,471	$	(10)	$	28
	For the six months				For the six months
	ended June 30, 2020				ended June 30, 2019
Amounts in thousands	Receivables		Contract Liabilities		Receivables		Contract Liabilities
Opening	$	326		663	$	305	$	219
Closing		9		2,193		310		242
Increase/(decrease)	$	(317)	$	1,530	$	5	$	23

Receivables are included in accounts receivable and contract liabilities are included in accrued liabilities on the Company’s condensed consolidated balance sheets. In March 2020, the Company wrote-down its receivables related to MCE based on assessments made due to COVID-19 and future cash flows of MCE, and as a result, charged $0.3 million to general and administrative expenses during the six months ended June 30, 2020. The increase in contract liabilities for the three and six months ended June 30, 2020 relates to deferred revenue for a sports betting agreement entered into by the Company’s subsidiary CRC.

Substantially all of the Company’s contracts and contract liabilities have an original duration of one year or less. The Company applies the practical expedient for such contracts and does not consider the effects of the time value of money. Further, because of the short duration of these contracts, the Company has not disclosed the transaction price for the remaining performance obligations as of the end of each reporting period or when the Company expects to recognize this revenue.

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