Revenue Recognition

6 Months Ended

Jun. 30, 2026

Revenue Recognition [Abstract]

Revenue Recognition

10.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	2026		2025		2026		2025
Revenue from contracts with customers	$	151,995	$	150,818	$	289,234	$	281,261
Cost recovery income		—		991		—		991
Total revenue	$	151,995	$	151,809	$	289,234	$	282,252

The Company operates gaming establishments as well as related lodging, restaurant, horse racing (including off-track betting), sports betting, iGaming, and entertainment facilities around the world. The Company generates revenue at its properties by providing the following types of products and services: gaming, pari-mutuel and sports betting, iGaming, hotel, food and beverage, and other.

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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, 2026
Amounts in thousands		US ‎East		US Midwest		US ‎West		Canada		Poland		Other (1)		Total
Gaming	$	30,963	$	40,051	$	5,907	$	12,854	$	19,637	$	—	$	109,412
Pari-mutuel, sports betting and iGaming		3,107		400		16		2,473		—		—		5,996
Hotel		4,317		1,662		9,061		158		—		—		15,198
Food and beverage		3,659		1,809		4,376		3,258		246		—		13,348
Other		1,530		758		4,018		1,696		39		—		8,041
Net operating revenue	$	43,576	$	44,680	$	23,378	$	20,439	$	19,922	$	—	$	151,995

(1)Represents additional business activities including certain other corporate and management operations that are not included in the Company’s reportable segments. Information is presented for reconciliation purposes.

	For the three months ended June 30, 2025
Amounts in thousands		US ‎East		US Midwest		US ‎West		Canada		Poland		Other (1)		Total
Gaming	$	32,047	$	37,155	$	5,309	$	12,415	$	24,144	$	—	$	111,070
Pari-mutuel, sports betting and iGaming		2,225		250		9		2,587		—		—		5,071
Hotel		4,966		1,431		7,488		176		—		—		14,061
Food and beverage		3,693		1,806		4,548		3,215		243		—		13,505
Other		1,625		732		2,820		1,612		322		—		7,111
Net operating revenue	$	44,556	$	41,374	$	20,174	$	20,005	$	24,709	$	—	$	150,818

(1)Represents additional business activities including certain other corporate and management operations that are not included in the Company’s reportable segments. Information is presented for reconciliation purposes.

	For the six months ended June 30, 2026
Amounts in thousands		US ‎East		US Midwest		US ‎West		Canada		Poland		Other (1)		Total
Gaming	$	61,593	$	77,631	$	11,585	$	24,891	$	40,411	$	—	$	216,111
Pari-mutuel, sports betting and iGaming		4,218		800		22		4,375		—		—		9,415
Hotel		7,525		3,045		14,456		305		—		—		25,331
Food and beverage		6,739		3,554		9,024		6,059		490		—		25,866
Other		2,430		1,457		5,359		3,132		133		—		12,511
Net operating revenue	$	82,505	$	86,487	$	40,446	$	38,762	$	41,034	$	—	$	289,234

(1)Represents additional business activities including certain other corporate and management operations that are not included in the Company’s reportable segments. Information is presented for reconciliation purposes.

	For the six months ended June 30, 2025
Amounts in thousands		US ‎East		US Midwest		US ‎West		Canada		Poland		Other (1)		Total
Gaming	$	61,247	$	72,698	$	10,466	$	23,194	$	44,131	$	—	$	211,736
Pari-mutuel, sports betting and iGaming		2,963		500		7		4,486		—		—		7,956
Hotel		8,210		2,752		12,503		303		—		—		23,768
Food and beverage		6,757		3,571		9,113		5,702		468		—		25,611
Other		2,513		1,607		4,494		2,836		740		—		12,190
Net operating revenue	$	81,690	$	81,128	$	36,583	$	36,521	$	45,339	$	—	$	281,261

(1)Represents additional business activities including certain other corporate and management operations that are not included in the Company’s reportable segments. Information is presented for reconciliation purposes.

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 $4.1 million and $3.0 million for the three and six months ended June 30, 2026, respectively, and $3.3 million and $2.6 million for the three and six months ended June 30, 2025, respectively. This revenue consists primarily of the Company’s deferred revenue for events at the Nugget and deferred gaming revenue from player points earned through play at the Company’s casinos located in the United States. The balance in receivables relates to sports betting and iGaming revenue owed to the Company by its partners.

Activity in the Company’s receivables and contract liabilities is presented in the tables below.

	For the three months ended				For the three months ended
	June 30, 2026				June 30, 2025
Amounts in thousands	Receivables		Contract Liabilities		Receivables		Contract Liabilities
Opening	$	1,322	$	5,746	$	493	$	4,808
Closing		1,226		5,207		502		5,199
(Decrease) Increase	$	(96)	$	(539)	$	9	$	391
	For the six months ended				For the six months ended
	June 30, 2026				June 30, 2025
Amounts in thousands	Receivables		Contract Liabilities		Receivables		Contract Liabilities
Opening	$	918	$	3,870	$	553	$	3,644
Closing		1,226		5,207		502		5,199
Increase (Decrease)	$	308	$	1,337	$	(51)	$	1,555

Receivables are included in accounts receivable and contract liabilities are included in accrued liabilities on the Company’s condensed consolidated balance sheets.

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.