Golden Entertainment (GDEN) 10-Q 6 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 02, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	000-24993
Entity Registrant Name	GOLDEN ENTERTAINMENT, INC.
Entity Incorporation, State or Country Code	MN
Entity Tax Identification Number	41-1913991
Entity Address, Address Line One	6595 S Jones Boulevard
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89118
City Area Code	702
Local Phone Number	893-7777
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	GDEN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		28,980,488
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001071255
Current Fiscal Year End Date	--12-31

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 202,283	$ 220,540
Accounts receivable, net of allowance for credit losses of $659 and $481 at March 31, 2022 and December 31, 2021, respectively	20,535	18,720
Prepaid expenses	24,244	15,108
Inventories	7,427	6,637
Other	3,184	2,933
Total current assets	257,673	263,938
Property and equipment, net	890,625	904,220
Operating lease right-of-use assets, net	170,775	179,251
Goodwill	158,396	158,396
Intangible assets, net	96,169	98,058
Deferred income tax assets	18,698	0
Other assets	11,803	11,701
Total assets	1,604,139	1,615,564
Current liabilities
Current portion of long-term debt and finance leases	655	1,057
Current portion of operating leases	38,770	40,151
Accounts payable	23,880	19,102
Accrued payroll and related	24,188	31,309
Accrued liabilities	47,212	35,347
Total current liabilities	134,705	126,966
Long-term debt, net and non-current finance leases	986,542	1,010,469
Non-current operating leases	148,131	155,098
Deferred income tax liabilities	0	1,861
Other long-term obligations	1,503	1,629
Total liabilities	1,270,881	1,296,023
Commitments and contingencies (Note 9)	0	0
Shareholders’ equity
Common stock, $.01 par value; authorized 100,000 shares; 28,980 and 28,830 common shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	290	288
Additional paid-in capital	470,672	477,829
Accumulated deficit	(137,704)	(158,576)
Total shareholders’ equity	333,258	319,541
Total liabilities and shareholders’ equity	$ 1,604,139	$ 1,615,564

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Accounts receivable, net of allowance	$ 659	$ 481
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	28,980,000	28,830,000
Common stock, shares outstanding (in shares)	28,980,000	28,830,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues
Total revenues	$ 273,644	$ 239,696
Expenses
Other operating	3,976	2,696
Selling, general and administrative	60,910	53,591
Depreciation and amortization	26,276	27,186
(Gain) loss on disposal of assets	(41)	209
Preopening expenses	55	120
Total expenses	240,758	213,325
Operating income	32,886	26,371
Non-operating expense
Interest expense, net	(15,118)	(16,048)
Loss on debt extinguishment and modification	(181)	0
Total non-operating expense, net	(15,299)	(16,048)
Income before income tax benefit	17,587	10,323
Income tax benefit	18,479	297
Net income	$ 36,066	$ 10,620
Weighted-average common shares outstanding
Basic (in shares)	28,894	28,219
Diluted (in shares)	32,149	30,414
Net income per share
Basic (USD per share)	$ 1.25	$ 0.38
Diluted (USD per share)	$ 1.12	$ 0.35
Gaming
Revenues
Total revenues	$ 190,787	$ 177,000
Expenses
Cost of goods and services sold	105,651	96,372
Food and beverage
Revenues
Total revenues	42,456	33,804
Expenses
Cost of goods and services sold	31,457	23,541
Rooms
Revenues
Total revenues	25,746	18,398
Expenses
Cost of goods and services sold	12,474	9,610
Other
Revenues
Total revenues	$ 14,655	$ 10,494

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common stock	Additional Paid-In Capital	Accumulated Deficit
Balances (in shares) at Dec. 31, 2020		28,159
Balances at Dec. 31, 2020	$ 161,262	$ 282	$ 470,719	$ (309,739)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock on options exercised and restricted stock units vested (in shares)		303
Issuance of stock on options exercised and restricted stock units vested	101	$ 3	98
Share-based compensation	2,669		2,669
Tax benefit from share-based compensation	(3,439)		(3,439)
Net income	10,620			10,620
Balances (in shares) at Mar. 31, 2021		28,462
Balances at Mar. 31, 2021	171,213	$ 285	470,047	(299,119)
Balances (in shares) at Dec. 31, 2021		28,830
Balances at Dec. 31, 2021	319,541	$ 288	477,829	(158,576)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock on options exercised and restricted stock units vested (in shares)		419
Issuance of stock on options exercised and restricted stock units vested	4	$ 4
Repurchases of common stock (in shares)		(269)
Repurchases of common stock	(15,196)	$ (2)		(15,194)
Share-based compensation	3,141		3,141
Tax benefit from share-based compensation	(10,298)		(10,298)
Net income	36,066			36,066
Balances (in shares) at Mar. 31, 2022		28,980
Balances at Mar. 31, 2022	$ 333,258	$ 290	$ 470,672	$ (137,704)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities
Net income	$ 36,066	$ 10,620
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	26,276	27,186
Change in non-cash lease expense	181	439
Share-based compensation	3,141	2,669
Amortization of debt issuance costs and discounts on debt	1,117	1,155
(Gain) loss on disposal of assets	(41)	209
Provision (benefit) for credit losses	188	(27)
Deferred income taxes	(20,559)	(297)
Loss on debt extinguishment and modification	181	0
Changes in operating assets and liabilities:
Accounts receivable	(2,003)	(1,352)
Prepaid expenses, inventories and other current assets	(10,177)	(6,012)
Other assets	(167)	9,472
Accounts payable and other accrued expenses	9,492	17,791
Other liabilities	(177)	(9,659)
Net cash provided by operating activities	43,518	52,194
Cash flows from investing activities
Purchase of property and equipment, net of change in construction payables	(10,813)	(4,873)
Proceeds from disposal of property and equipment	90	223
Net cash used in investing activities	(10,723)	(4,650)
Cash flows from financing activities
Repayments of term loan	(25,000)	0
Repayments of notes payable	(433)	(1,483)
Principal payments under finance leases	(117)	(839)
Payment for debt extinguishment and modification costs	(12)	0
Tax withholding on share-based payments	(10,298)	(3,439)
Proceeds from issuance of common stock, net of costs	4	3
Proceeds from exercise of stock options	0	98
Repurchases of common stock	(15,196)	0
Net cash used in financing activities	(51,052)	(5,660)
Cash and cash equivalents
Change in cash and cash equivalents	(18,257)	41,884
Balance, beginning of period	220,540	103,558
Balance, end of period	202,283	145,442
Supplemental cash flow disclosures
Cash paid for interest	6,435	7,630
Non-cash investing and financing activities
Payables incurred for capital expenditures	2,790	561
Loss on debt extinguishment and modification	181	0
Operating lease right-of-use assets obtained in exchange for lease obligations	$ 4,352	$ 28,681

Nature of Business and Basis of

Nature of Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Nature of Business and Basis of Presentation	Nature of Business and Basis of Presentation Overview Golden Entertainment, Inc. and its wholly-owned subsidiaries own and operate a diversified entertainment platform, consisting of a portfolio of gaming assets that focus on casino and distributed gaming operations (including gaming in the Company’s branded taverns). The Company’s portfolio includes ten casino properties located in Nevada and Maryland. The Company’s distributed gaming operations involve the installation, maintenance and operation of slot machines and amusement devices in non-casino locations such as restaurants, bars, taverns, convenience stores, liquor stores and grocery stores in Nevada and Montana, as well as the operation of branded taverns targeting local patrons located primarily in the greater Las Vegas, Nevada metropolitan area. Unless otherwise indicated, the terms “Golden” and the “Company,” refer to Golden Entertainment, Inc. together with its subsidiaries. The Company conducts its business through four reportable segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, and Distributed Gaming. Each reportable segment is comprised of the following properties and operations: Reportable Segment Location Nevada Casino Resorts The STRAT Hotel, Casino & SkyPod (“The STRAT”) Las Vegas, Nevada Aquarius Casino Resort (“Aquarius”) Laughlin, Nevada Edgewater Hotel & Casino Resort (“Edgewater”) Laughlin, Nevada Colorado Belle Hotel & Casino Resort (“Colorado Belle”) (1) Laughlin, Nevada Nevada Locals Casinos Arizona Charlie’s Boulder Las Vegas, Nevada Arizona Charlie’s Decatur Las Vegas, Nevada Gold Town Casino Pahrump, Nevada Lakeside Casino & RV Park Pahrump, Nevada Pahrump Nugget Hotel Casino (“Pahrump Nugget”) Pahrump, Nevada Maryland Casino Resort Rocky Gap Casino Resort (“Rocky Gap”) Flintstone, Maryland Distributed Gaming Nevada distributed gaming Nevada Nevada taverns Nevada Montana distributed gaming Montana (1) As a result of the impact of the 2019 novel coronavirus (“COVID-19”) pandemic, the operations of the Colorado Belle remain suspended. Impact of COVID-19 In response to the COVID-19 pandemic, during the week of March 16, 2020 the Governors of Nevada, Maryland and Montana issued emergency executive orders mandating temporary closures of all of the Company’s properties and suspension of the distributed gaming operations at third-party locations. The Company re-opened its casino properties and resumed its distributed gaming operations during the second and third quarters of 2020. However, the implementation of protocols intended to protect team members, gaming patrons and guests from potential COVID-19 exposure continued to limit the Company’s operations post re-opening. While some of these restrictions were eased during 2021, the Company’s properties and distributed gaming operations may be subject to temporary, complete or partial closures in the future and it is unknown how the uncertainties associated with the pandemic will continue to impact the Company’s operations. Further, as a result of the impact of the pandemic, the operations of the Colorado Belle property remain suspended. Temporary closures of the Company’s operations due to the COVID-19 pandemic resulted in lease concessions for certain of the Company’s taverns and route locations in 2020, some of which continued in 2021. Such concessions provided for deferral and, in some instances, forgiveness of rent payments with no substantive amendments to the consideration due per the terms of the original contract and did not result in substantial changes in the Company’s obligations under such leases. The Company elected to account for the deferred rent as variable lease payments, which resulted in a reduction of the rent expense of $1.7 million for the three months ended March 31, 2021. Rent expense that was not forgiven was recorded in future periods as those deferred payments were paid to the Company’s lessors. Basis of Presentation The unaudited consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to interim financial information. Accordingly, certain information normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) has been condensed and/or omitted. For further information, refer to the audited consolidated financial statements of the Company for the year ended December 31, 2021 and the notes thereto included in the Company’s Annual Report on Form 10-K (the “Annual Report”) previously filed with the SEC. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments, which included only normal recurring adjustments, necessary to present fairly the Company’s results for the periods presented. Results for interim periods should not be considered indicative of the results to be expected for the full year and should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report. The accompanying unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. Reclassifications were made to the Company’s prior period consolidated financial statements to conform to the current period presentation, where applicable. These reclassifications had no effect on previously reported net income. Significant Accounting Policies There have been no changes to the significant accounting policies disclosed in the Company’s Annual Report. Net Income Per Share Basic net income per share is calculated by dividing net income by the weighted-average common shares outstanding. Diluted net income per share in profitable periods reflects the effect of all potentially dilutive common shares outstanding by dividing net income by the weighted-average of all common and potentially dilutive shares outstanding. In the event of a net loss, diluted shares are not considered because of their anti-dilutive effect. Recent Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates (“ASUs”) to the FASB’s Accounting Standards Codification. The Company considers the applicability and impact of all ASUs. While management continues to assess the possible impact of the adoption of new accounting standards and the future adoption of the new accounting standards that are not yet effective on the Company’s financial statements, management currently believes that the following new standards have or may have an impact on the Company’s consolidated financial statements and disclosures: Accounting Standards Issued and Adopted In July 2021, the FASB issued ASU No. 2021-05, Leases (Topic 842): Lessors — Certain Leases with Variable Lease Payments . The ASU addresses an issue related to a lessor’s accounting for lease contracts that have variable lease payments that do not depend on a reference index or a rate and would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. The amendment allows the lessor to classify and account for such lease contracts as operating. The Company adopted the standard effective January 1, 2022, and the adoption did not have a material impact on the Company’s financial statements or disclosures. Accounting Standards Issued but Not Yet Adopted In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805) - Accounting for Contract Assets and Contract Liabilities from Contracts with Customers . The ASU improves the accounting for revenue contracts with customers acquired in a business combination by addressing diversity in practice and inconsistency related to recognition of contract assets and liabilities acquired in a business combination. The provisions of this ASU require that an acquiring entity account for the related revenue contracts in accordance with ASC 606 as if it had originated the contracts. The standard is effective for fiscal years beginning after December 15, 2022 and interim periods within those fiscal years with early adoption permitted. The Company does not expect the impact of the adoption of this ASU to be material to its financial statements or disclosures.

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment, net, consisted of the following: (In thousands) March 31, 2022 December 31, 2021 Land $ 125,240 $ 125,240 Building and improvements 940,370 937,759 Furniture and equipment 251,101 246,323 Construction in process 19,640 16,347 Property and equipment 1,336,351 1,325,669 Accumulated depreciation (445,726) (421,449) Property and equipment, net $ 890,625 $ 904,220 Depreciation expense for property and equipment, includ ing finance leases, was $24.4 million and $25.0 million for the three months ended March 31, 2022 and 2021, respectively. The Company reviews the carrying amounts of its long-lived assets, other than goodwill and indefinite-lived intangible assets, for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Due to the significant impact of the COVID-19 pandemic on the Company’s operations, the Company decided to keep operations of its Colorado Belle property suspended. Based on the results of its interim impairment assessments conducted during the three months ended March 31, 2022 and 2021, the Company concluded that there was no impairment of the Company’s long-lived assets. To the extent the Company becomes aware of new facts and circumstances that would result in a triggering event, the Company will revise its cash flow projections accordingly, as its estimates of future cash flows are highly dependent upon certain assumptions, including, but not limited to, the nature, timing, and extent of elimination or change of the restrictions on the Company’s operations and the extent and timing of the economic recovery globally, nationally, and specifically within the gaming industry. If such assumptions are not accurate, the Company may be required to record impairment charges in future periods, whether in connection with its regular review procedures, or earlier, if an indicator of an impairment is present prior to such evaluation.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The Company tests goodwill and indefinite-lived intangible assets for impairment annually during the fourth quarter of each year, and whenever events or circumstances indicate that it is more likely than not that the carrying value of a reporting unit exceeds its fair value. Finite-lived intangible assets are evaluated for potential impairment whenever there is an indicator that the carrying value of an asset group may not be recoverable. Based on the results of its interim impairment assessments conducted during the three months ended March 31, 2022 and 2021, the Company concluded that there was no impairment of the Company’s goodwill and intangible assets. The following table summarizes goodwill activity by reportable segment: (In thousands) Nevada Casino Resorts Nevada Locals Casinos Maryland Casino Resort Distributed Total Balance, December 31, 2021 and March 31, 2022 $ 22,105 $ 38,187 $ — $ 98,104 $ 158,396 Intangible assets, net, consisted of the following: March 31, 2022 (In thousands) Useful Life (Years) Gross Carrying Value Cumulative Amortization Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 53,690 $ — $ (6,890) $ 46,800 53,690 — (6,890) 46,800 Amortizing intangible assets Customer relationships 4-16 81,105 (37,346) — 43,759 Player relationships 2-14 42,990 (39,973) — 3,017 Non-compete agreements 2-5 9,840 (8,543) — 1,297 Gaming license (1) 15 2,100 (1,245) — 855 In-place lease value 4 1,170 (1,170) — — Leasehold interest 4 570 (570) — — Other 4-25 1,814 (1,373) — 441 139,589 (90,220) — 49,369 Balance, March 31, 2022 $ 193,279 $ (90,220) $ (6,890) $ 96,169 (1) Relates to Rocky Gap. December 31, 2021 (In thousands) Useful Life (Years) Gross Carrying Value Cumulative Amortization Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 53,690 $ — $ (6,890) $ 46,800 53,690 — (6,890) 46,800 Amortizing intangible assets Customer relationships 4-16 81,105 (35,879) — 45,226 Player relationships 2-14 42,990 (39,812) — 3,178 Non-compete agreements 2-5 9,840 (8,349) — 1,491 Gaming license (1) 15 2,100 (1,210) — 890 In-place lease value 4 1,170 (1,155) — 15 Leasehold interest 4 570 (570) — — Other 4-25 1,814 (1,356) — 458 139,589 (88,331) — 51,258 Balance, December 31, 2021 $ 193,279 $ (88,331) $ (6,890) $ 98,058 (1) Relates to Rocky Gap. Total amortization expense related to intangible assets was $1.9 million and $2.2 million for the three months ended March 31, 2022 and 2021, respectively. To the extent the Company becomes aware of new facts and circumstances that would result in a triggering event, the Company will revise its cash flow projections accordingly, as its estimates of future cash flows are highly dependent upon certain assumptions, including, but not limited to, the nature, timing, and extent of elimination or change of the restrictions on the Company’s operations and the extent and timing of the economic recovery globally, nationally, and specifically within the gaming industry. If such assumptions are not accurate, the Company may be required to record impairment charges in future periods, whether in connection with its regular review procedures, or earlier, if an indicator of an impairment is present prior to such evaluation.

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Mar. 31, 2022
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consisted of the following: (In thousands) March 31, 2022 December 31, 2021 Interest $ 13,173 $ 6,168 Gaming liabilities 11,232 12,311 Accrued taxes, other than income taxes 9,609 9,035 Other accrued liabilities 8,706 5,549 Deposits 4,492 2,284 Total current accrued liabilities $ 47,212 $ 35,347

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt, net, consisted of the following: (In thousands) March 31, 2022 December 31, 2021 Term Loan $ 625,000 $ 650,000 2026 Unsecured Notes 375,000 375,000 Finance lease liabilities 2,887 3,005 Notes payable 168 602 Total long-term debt and finance leases 1,003,055 1,028,607 Unamortized discount (10,778) (11,689) Unamortized debt issuance costs (5,080) (5,392) Total long-term debt and finance leases after debt issuance costs and discount 987,197 1,011,526 Current portion of long-term debt and finance leases (655) (1,057) Long-term debt, net and finance leases $ 986,542 $ 1,010,469 Senior Secured Credit Facility In October 2017, the Company entered into a senior secured credit facility consisting of a $900 million senior secured first lien credit facility (consisting of an $800 million term loan (the “Term Loan”) maturing on October 20, 2024 and a $100 million revolving credit facility (the “Revolving Credit Facility”)) with JPMorgan Chase Bank, N.A. (as administrative agent and collateral agent), the lenders party thereto and the other entities party thereto (the “Credit Facility”). The Revolving Credit Facility was subsequently increased from $100 million to $200 million in 2018, increasing the total Credit Facility capacity to $1.0 billion. On October 12, 2021, the Company further modified the terms of the Revolving Credit Facility by increasing its size to $240 million and extending the maturity date from October 20, 2022 to April 20, 2024. The Company incurred $0.7 million in debt modification costs and fees related to this modification of the Revolving Credit Facility that have been deferred and are being amortized over the term of the Revolving Credit Facility using the straight-line method. As of March 31, 2022, the Company had $625 million in principal amount of outstanding Term Loan borrowings under its Credit Facility, no outstanding letters of credit and no borrowings under the Revolving Credit Facility, such that full borrowing availability of $240 million under the Revolving Credit Facility was available to the Company. The weighted-average effective interest rate on the Company’s outstanding borrowings under the Credit Facility was approximately 3.75% for the three months ended March 31, 2022. The Company made multiple prepayments of the principal under the Term Loan during 2021, thereby eliminating the requirement to make any further quarterly installment payments prior to maturity. During the three months ended March 31, 2022, the Company prepaid an additional $25 million of principal under the Term Loan, which reduced the final installment payment due at the maturity date of October 20, 2024 to $625 million . During the three months ended March 31, 2022, t he Company recorded a non-cash charge in the amount of $0.2 million for the accelerated amortization of the debt issuance costs and discount related to the prepayment of the Term Loan. The Company was in compliance with its financial and other covenants under the Credit Facility as of March 31, 2022. Senior Unsecured Notes On April 15, 2019, the Company issued $375 million in principal amount of 7.625% Senior Notes due 2026 (“2026 Unsecured Notes”) in a private placement to institutional buyers at face value. The 2026 Unsecured Notes bear interest at 7.625%, payable semi-annually on April 15 th and October 15 th of each year.

Shareholders_ Equity and Stock

Shareholders’ Equity and Stock Incentive Plans	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Shareholders’ Equity and Stock Incentive Plans	Shareholders’ Equity and Stock Incentive Plans Share Repurchase Program On March 12, 2019, the Company’s Board of Directors authorized the repurchase of up to $25 million worth of shares of common stock, subject to available liquidity, general market and economic conditions, alternate uses for the capital and other factors. Share repurchases may be made from time to time in open market transactions, block trades or in private transactions in accordance with applicable securities laws and regulations and other legal requirements, including compliance with the Company’s finance agreements. There is no minimum number of shares that the Company is required to repurchase and the repurchase program may be suspended or discontinued at any time without prior notice. On August 3, 2021, the Company’s Board of Directors increased this authorization to $50 million. In December 2021, the Company repurchased 226,485 shares of its common stock pursuant to its share repurchase program in open market transactions at an average price of $46.87 per share, resulting in a charge to accumulated deficit of $10.6 million. In March 2022, the Company repurchased 268,791 shares of its common stock pursuant to its share repurchase program in open market transactions at an average price of $56.54 per share, resulting in a charge to accumulated deficit of $15.2 million. As of March 31, 2022, the Company had $24.2 million of remaining share repurchase availability under its August 3, 2021 share repurchase authorization. On May 3, 2022, the Company’s Board of Directors re-authorized its $50 million share repurchase program. Stock Options The following table summarizes the Company’s stock option activity: Stock Options Shares Weighted-Average Exercise Price Outstanding at January 1, 2022 2,141,494 $ 11.31 Granted — $ — Exercised (36,000) $ 9.80 Cancelled — $ — Expired — $ — Outstanding at March 31, 2022 2,105,494 $ 11.33 Exercisable at March 31, 2022 2,105,494 $ 11.33 There was no share-based compensation expense related to stock options for the three months ended March 31, 2022 and the Company recorded share-based compensation expense of $0.2 million for the three months ended March 31, 2021. The Company did not have any remaining unrecognized share-based compensation expense related to stock options as of March 31, 2022 and 2021. Restricted Stock Units The following table summarizes the Company’s activity related to time-based restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”): RSUs PSUs Shares Weighted-Average Grant Date Fair Value Shares (1) Weighted-Average Grant Date Fair Value Outstanding at January 1, 2022 815,420 $ 18.17 705,577 (2) $ 13.84 Granted 97,447 $ 53.51 83,579 $ 53.51 Performance adjustment — $ — 534,383 (3) $ — Vested (338,644) $ 15.79 (247,380) (4) $ 12.51 Cancelled (18,693) $ 14.95 — $ — Outstanding at March 31, 2022 555,530 $ 25.93 1,076,159 $ 19.79 (1) The number of shares for the PSUs listed as granted represents the “target” number of PSUs granted to each recipient eligible to vest if the Company meets its “target” performance goals for the applicable period. The actual number of PSUs eligible to vest for those PSUs will vary depending on whether or not the Company meets or exceeds the applicable threshold, target, or maximum performance goals for the PSUs, with 200% of the “target” number of PSUs eligible to vest at “maximum” performance levels. (2) Includes 171,194 shares of PSUs granted in March 2019 that were certified below target during the three months ended March 31, 2021 and vested during the three months ended March 31, 2022. Also includes PSUs granted in March 2020 and March 2021 at “target.” (3) The Company’s financial results for the applicable performance goals were certified during the three months ended March 31, 2022 and 200% of the target PSUs granted in March 2020 and March 2021 were deemed “earned” and will be eligible to vest on March 14, 2023 and 2024, respectively. (4) Includes 171,194 shares of PSUs granted in March 2019 and 76,186 shares of PSUs granted in March 2020 that vested during the three months ended March 31, 2022. Share-based compensation expense related to RSUs was $1.6 million and $1.3 million for the three months ended March 31, 2022 and 2021, respectively. Share-based compensation expense related to PSUs was $1.5 million and $1.2 million for the three months ended March 31, 2022 and 2021, respectively. As of March 31, 2022, there was $12.5 million and $11.3 million of unamortized share-based compensati on expense related to RSUs and PSUs, respectively, which is expected to be recognized over a weighted-average period of 2.2 years fo r both RSUs and PSUs. As of March 31, 2021, there was $11.3 million and $6.2 million of unamortized share-based compensation expense related to RSUs and PSUs, respectively, which is expected to be recognized over a weighted-average period of 2.4 years for both RSUs and PSUs. As of March 31, 2022, a total of 3,152,416 shares of the Company’s common stock remained available for grants of awards under the Golden Entertainment, Inc. 2015 Incentive Award Plan, which includes the annual increase in the number of shares available for grant on January 1, 2022 of 1,153,210 shares.

Income Tax

Income Tax	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Tax	Income Tax The Company’s effective income tax rates were (105.1)% and (2.9)% for the three months ended March 31, 2022 and 2021, respectively. Income tax benefit of $18.5 million and $0.3 million for the three months ended March 31, 2022 and 2021, respectively, primarily related to the change in valuation allowance against the Company’s deferred tax assets during the periods. The Company performs a continuing evaluation of its deferred tax asset valuation allowance on a quarterly basis. The Company has concluded that, as of March 31, 2022, it is more likely than not that the Company will generate sufficient taxable income within the applicable net operating loss carry-forward periods to realize a portion of its deferred tax assets. This conclusion, and the resulting partial reversal of the deferred tax asset valuation allowance, is based upon consideration of several factors, including the Company’s three-year cumulative pre-tax book income position and its forecast of future profitability. As of March 31, 2022, the Company’s 2017 and 2018 federal tax returns were under audit by the IRS. As of March 31, 2022 and December 31, 2021, the Company had no material uncertain tax positions.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	Financial Instruments and Fair Value Measurements Estimates of fair value for financial assets and liabilities are based on the framework established in the accounting guidance for fair value measurements. The framework defines fair value, provides guidance for measuring fair value and requires certain disclosures. The framework discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow) and the cost approach (cost to replace the service capacity of an asset or replacement cost). The framework utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: • Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. • Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. • Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions. Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. Thus, assets and liabilities categorized as Level 3 may be measured at fair value using inputs that are observable (Levels 1 and 2) and unobservable (Level 3). Management’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of assets and liabilities and their placement within the fair value hierarchy levels. Financial Instruments The carrying values of the Company’s cash and cash equivalents, accounts receivable and accounts payable approximate fair value because of the short duration of these financial instruments. The following table summarizes the fair value measurement of the Company’s long-term debt: March 31, 2022 (In thousands) Carrying Amount Fair Value Fair Value Hierarchy Term Loan $ 625,000 $ 621,094 Level 2 2026 Unsecured Notes 375,000 390,450 Level 2 Finance lease liabilities 2,887 2,887 Level 3 Notes payable 168 168 Level 3 Total debt $ 1,003,055 $ 1,014,599 December 31, 2021 (In thousands) Carrying Amount Fair Value Fair Value Hierarchy Term Loan $ 650,000 $ 650,813 Level 2 2026 Unsecured Notes 375,000 390,938 Level 2 Finance lease liabilities 3,005 3,005 Level 3 Notes payable 602 602 Level 3 Total debt $ 1,028,607 $ 1,045,358 The estimated fair value of the Company’s Term Loan and 2026 Unsecured Notes is based on a relative value analysis performed as of March 31, 2022 and December 31, 2021. The finance lease liabilities and notes payable are fixed-rate debt, are not traded and do not have observable market inputs, and therefore, their fair value is estimated to be equal to the carrying value.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Participation Agreements The Company enters into certain slot placement contracts in the form of participation agreements. Under participation agreements, the Company and the business location each hold a state issued gaming license in order to be able to receive a percentage of gaming revenue earned on the Company’s slot machines. The business location retains a percentage of the gaming revenue generated from the Company’s slot machines. The Company is considered to be the principal in these arrangements and therefore, records its share of revenue generated under participation agreements on a gross basis with the business location’s share of revenue recorded as gaming expenses. The aggregate contingent payments recognized by the Company as gaming expenses under participation agreements were $52.8 million and $54.1 million for the three months ended March 31, 2022 and 2021, respectively. Legal Matters and Other From time to time, the Company is involved in a variety of lawsuits, claims, investigations and other legal proceedings arising in the ordinary course of business, including proceedings concerning labor and employment matters, personal injury claims, breach of contract claims, commercial disputes, business practices, intellectual property, tax and other matters for which the Company records reserves. Although lawsuits, claims, investigations and other legal proceedings are inherently uncertain and their results cannot be predicted with certainty, the Company believes that the resolution of its currently pending matters should not have a material adverse effect on its business, financial condition, results of operations or liquidity. Regardless of the outcome, legal proceedings can have an adverse impact on the Company because of defense costs, diversion of management resources and other factors. In addition, it is possible that an unfavorable resolution of one or more such proceedings could in the future materially and adversely affect the Company’s business, financial condition, results of operations or liquidity in a particular period. In January 2021, the Company was affected by a ransomware cyber-attack that temporarily disrupted the Company’s access to certain information located on the Company’s network and incurred expenses relating thereto. The Company’s financial information and business operations were not materially affected. The Company implemented a variety of measures to further enhance its cybersecurity protections and minimize the impact of any future cyber incidents. The Company has insurance related to this event and has recovered a portion of the costs it incurred to remediate this matter, which amounts were received and recorded during 2021 and the three months ended March 31, 2022. In September 2018, the Company entered into an agreement with American Wagering, Inc. and William Hill U.S. HoldCo, Inc. (collectively, “William Hill”), which contemplated that William Hill would be obligated to make a one-time payment to the Company in the event of a change of control transaction with respect to William Hill. Under this agreement, as amended, the April 22, 2021 acquisition of William Hill PLC by Caesars Entertainment, Inc. (“Caesars”) constituted the change of control event triggering this payment. On May 26, 2021, the Company, William Hill and Caesars executed an amendment to the agreement requiring William Hill and Caesars, as the acquiring party, to make an initial payment in the amount of $60 million by July 15, 2021 and to provide for a second contingent payment in the event of a sale of the William Hill business in the United Kingdom, as discussed below. The Company received this initial payment in July 2021 and recognized $60 million in non-operating income for the year ended December 31, 2021.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information The Company conducts its business through four reportable segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort and Distributed Gaming. The Nevada Casino Resorts segment is comprised of destination casino resort properties offering a variety of food and beverage outlets, entertainment venues and other amenities. The casino resort properties in this segment cater primarily to a regional drive-in customer base seeking a value-oriented vacation experience, with guests typically traveling from Southern California or Arizona. The Company’s casino resort properties in Nevada have a significantly larger number of hotel rooms compared to the other casino properties in its portfolio. While hotel stays at these casino resorts are typically longer, the overall frequency of visitation from guests is lower when compared to the Nevada Locals Casinos. The Nevada Locals Casinos segment is comprised of casino properties that cater to local customers who generally live within a five-mile radius. The Company’s locals casino properties typically experience a higher frequency of customer visits compared to its casino resort properties in Nevada and Maryland, with many of the customers visiting the Company’s Nevada Locals Casinos on a weekly basis. The casino properties within this reportable segment have no or a limited number of hotel rooms and offer fewer food and beverage outlets or other amenities, with revenues primarily generated from slot machine play. The Maryland Casino Resort segment is comprised of the Rocky Gap casino resort, which is geographically disparate from the Company’s Nevada properties, operates in a separate regulatory jurisdiction and has only a limited number of hotel rooms compared to the Nevada Casino Resorts. Rocky Gap caters to a regional drive-in customer base traveling from mid-Atlantic areas (Maryland, Virginia, Washington DC, Pennsylvania, West Virginia) and offers a full range of amenities, including various food and beverage outlets, signature golf course, spa and pool. The Distributed Gaming segment is comprised of the operation of slot machines and amusement devices in approximately 1,100 non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores and grocery stores, across Nevada and Montana with a limited number of slot machines in each location. Distributed Gaming operations cater to local residents with high frequency visitation to these locations. The Company places its slot machines and amusement devices in locations where it believes they will receive maximum customer traffic. As part of the Distributed Gaming segment, the Company owns and operates a limited number of branded tavern locations, where it controls the food and beverage operations as well as the slot machines located within the tavern. The Company’s branded taverns offer a casual, upscale environment catering to local patrons offering superior food, craft beer and other alcoholic beverages, and are typically limited to 15 slot machines. The Corporate and Other segment includes the Company’s cash and cash equivalents, miscellaneous receivables and corporate overhead. Costs recorded in the Corporate and Other segment have not been allocated to the Company’s reportable segments because these costs are not easily allocable and to do so would not be practical. The Company presents Adjusted EBITDA in its segment disclosures because it is the primary metric used by the Company’s chief operating decision makers in measuring both the Company’s past and future expectations of performance. Further, the Company’s annual performance plan used to determine compensation of its executive officers and employees is tied to the Adjusted EBITDA metric. Adjusted EBITDA represents each segment’s earnings before interest and other non-operating income (expense), income taxes, depreciation and amortization, impairment of goodwill and intangible assets, acquisition and severance expenses, preopening and related expenses, gain or loss on disposal of assets, share-based compensation expenses, and other non-cash charges, that are deemed to be not indicative of the Company’s core operating results, calculated before corporate overhead (which is not allocated to each reportable segment). Due to the Company’s use of Adjusted EBITDA as its measure of profit for its reportable segments, the Company includes a reconciliation of the total of the Company’s consolidated Adjusted EBITDA to the Company’s consolidated net income determined in accordance with GAAP. The Company also discloses Adjusted EBITDA at the reportable segment level, as set forth in the table below: Three Months Ended March 31, (In thousands) 2022 2021 Revenues Nevada Casino Resorts Gaming $ 44,230 $ 38,826 Food and beverage 21,384 14,965 Rooms 22,029 15,628 Other 8,792 5,386 Nevada Casino Resorts revenues $ 96,435 $ 74,805 Nevada Locals Casinos Gaming $ 29,381 $ 29,536 Food and beverage 6,179 5,513 Rooms 2,244 1,478 Other 2,085 2,018 Nevada Locals Casinos revenues $ 39,889 $ 38,545 Maryland Casino Resort Gaming $ 14,457 $ 13,032 Food and beverage 1,648 1,442 Rooms 1,473 1,292 Other 314 334 Maryland Casino Resort revenues $ 17,892 $ 16,100 Distributed Gaming Gaming $ 102,719 $ 95,606 Food and beverage 13,245 11,884 Other 3,258 2,419 Distributed gaming revenues $ 119,222 $ 109,909 Corporate and Other 206 337 Total revenues $ 273,644 $ 239,696 Three Months Ended March 31, (In thousands) 2022 2021 Adjusted EBITDA Nevada Casino Resorts $ 33,575 $ 26,655 Nevada Locals Casinos 20,038 19,552 Maryland Casino Resort 5,572 4,873 Distributed Gaming 22,053 20,880 Corporate and Other (13,913) (12,462) Total Adjusted EBITDA 67,325 59,498 Adjustments Depreciation and amortization (26,276) (27,186) Change in non-cash lease expense (181) (439) Share-based compensation (3,672) (3,005) Gain (loss) on disposal of assets 41 (209) Loss on debt extinguishment and modification (181) — Preopening and related expenses (1) (55) (120) Other, net (4,296) (2,168) Interest expense, net (15,118) (16,048) Income tax benefit 18,479 297 Net Income $ 36,066 $ 10,620 (1) Preopening and related expenses consist of labor, food, utilities, training, initial licensing, rent and organizational costs incurred in connection with the opening of tavern and casino locations. Assets The Company’s assets by segment consisted of the following amounts: (In thousands) Nevada Casino Resorts Nevada Locals Casinos Maryland Casino Resort Distributed Gaming Corporate and Other Consolidated Balance at March 31, 2022 $ 808,374 $ 166,486 $ 41,600 $ 403,218 $ 184,461 $ 1,604,139 Balance at December 31, 2021 $ 811,016 $ 165,362 $ 41,403 $ 411,342 $ 186,441 $ 1,615,564

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company historically leased its office headquarters building from a company 33% beneficially owned by Blake L. Sartini, 5% owned by a trust for the benefit of Mr. Sartini’s immediate family members (including Blake L. Sartini II) for which Mr. Sartini serves as trustee, and 3% beneficially owned by Stephen A. Arcana. On May 24, 2021 the building was sold to an independent third party, and therefore this lease is no longer with a related party. The rent expense for the office headquarters building prior to the sale of the building to an independent third party was $0.3 million for the three months ended March 31, 2021. Additionally, a portion of the office headquarters building was sublet to Sartini Enterprises, Inc., a company controlled by Mr. Sartini. Rental income for each of the three months ended March 31, 2022 and 2021 for the sublet portion of the office headquarters building was insignificant. No amount was owed to the Company under such sublease as of March 31, 2022 and December 31, 2021. In addition, Golden and Sartini Enterprises, Inc. participate in certain cost-sharing arrangements. The amount due and payable by the Company under such arrangements was insignificant as of March 31, 2022 and December 31, 2021. Mr. Sartini serves as the Chairman of the Board and Chief Executive Officer of the Company and is co-trustee of The Blake L. Sartini and Delise F. Sartini Family Trust, which is a significant shareholder of the Company. Mr. Arcana serves as the Executive Vice President and Chief Operating Officer of the Company. In November 2018, the Company entered into a lease agreement for additional office space in a building owned by a company 33% beneficially owned by Mr. Sartini, 5% owned by a trust for the benefit of Mr. Sartini’s immediate family members (including Blake L. Sartini II) for which Mr. Sartini serves as trustee, and 3% beneficially owned by Mr. Arcana. The lease commenced in August 2020 and expires on December 31, 2030. The rent expense for the space was $0.1 million for each of the three months ended March 31, 2022 and 2021. Additionally, the lease agreement includes a right of first refusal for additional space on the second floor of the building. From time to time, the Company’s executive officers and employees use a private aircraft leased to Sartini Enterprises, Inc. for Company business purposes pursuant to aircraft time-sharing, co-user and cost-sharing agreements between the Company and Sartini Enterprises, Inc., all of which have been approved by the Audit Committee of the Board of Directors. The aircraft time-sharing, co-user and cost-sharing agreements specify the maximum expense reimbursement that Sartini Enterprises, Inc. can charge the Company under the applicable regulations of the Federal Aviation Administration for the use of the aircraft and the flight crew. Such costs include fuel, landing fees, hangar and tie-down costs away from the aircraft’s operating base, flight planning and weather contract services, crew costs and other related expenses. The Company’s compliance department regularly reviews these reimbursements. The Company did not use the aircraft and did not incur any costs under the aircraft time-sharing, co-user and cost-sharing agreements with Sartini Enterprises, Inc. during the three months ended March 31, 2022. The Company paid $0.2 million under such agreements for the three months ended March 31, 2021. The Company was owed $0.1 million under such agreements as of March 31, 2022 and no amount was owed to or due from the Company under such agreements as of December 31, 2021.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company’s management evaluates subsequent events through the date of issuance of the consolidated financial statements. Other than the re-authorization of the Company’s share repurchase program discussed in “ Note 6 — Shareholders’ Equity and Stock Incentive Plans

Nature of Business and Basis _2

Nature of Business and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to interim financial information. Accordingly, certain information normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) has been condensed and/or omitted. For further information, refer to the audited consolidated financial statements of the Company for the year ended December 31, 2021 and the notes thereto included in the Company’s Annual Report on Form 10-K (the “Annual Report”) previously filed with the SEC. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments, which included only normal recurring adjustments, necessary to present fairly the Company’s results for the periods presented. Results for interim periods should not be considered indicative of the results to be expected for the full year and should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report. The accompanying unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. Reclassifications were made to the Company’s prior period consolidated financial statements to conform to the current period presentation, where applicable. These reclassifications had no effect on previously reported net income.
Net Income Per Share	Net Income Per Share Basic net income per share is calculated by dividing net income by the weighted-average common shares outstanding. Diluted net income per share in profitable periods reflects the effect of all potentially dilutive common shares outstanding by dividing net income by the weighted-average of all common and potentially dilutive shares outstanding. In the event of a net loss, diluted shares are not considered because of their anti-dilutive effect.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates (“ASUs”) to the FASB’s Accounting Standards Codification. The Company considers the applicability and impact of all ASUs. While management continues to assess the possible impact of the adoption of new accounting standards and the future adoption of the new accounting standards that are not yet effective on the Company’s financial statements, management currently believes that the following new standards have or may have an impact on the Company’s consolidated financial statements and disclosures: Accounting Standards Issued and Adopted In July 2021, the FASB issued ASU No. 2021-05, Leases (Topic 842): Lessors — Certain Leases with Variable Lease Payments . The ASU addresses an issue related to a lessor’s accounting for lease contracts that have variable lease payments that do not depend on a reference index or a rate and would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. The amendment allows the lessor to classify and account for such lease contracts as operating. The Company adopted the standard effective January 1, 2022, and the adoption did not have a material impact on the Company’s financial statements or disclosures. Accounting Standards Issued but Not Yet Adopted In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805) - Accounting for Contract Assets and Contract Liabilities from Contracts with Customers . The ASU improves the accounting for revenue contracts with customers acquired in a business combination by addressing diversity in practice and inconsistency related to recognition of contract assets and liabilities acquired in a business combination. The provisions of this ASU require that an acquiring entity account for the related revenue contracts in accordance with ASC 606 as if it had originated the contracts. The standard is effective for fiscal years beginning after December 15, 2022 and interim periods within those fiscal years with early adoption permitted. The Company does not expect the impact of the adoption of this ASU to be material to its financial statements or disclosures.

Nature of Business and Basis _3

Nature of Business and Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Schedule of Operating Segments	Each reportable segment is comprised of the following properties and operations: Reportable Segment Location Nevada Casino Resorts The STRAT Hotel, Casino & SkyPod (“The STRAT”) Las Vegas, Nevada Aquarius Casino Resort (“Aquarius”) Laughlin, Nevada Edgewater Hotel & Casino Resort (“Edgewater”) Laughlin, Nevada Colorado Belle Hotel & Casino Resort (“Colorado Belle”) (1) Laughlin, Nevada Nevada Locals Casinos Arizona Charlie’s Boulder Las Vegas, Nevada Arizona Charlie’s Decatur Las Vegas, Nevada Gold Town Casino Pahrump, Nevada Lakeside Casino & RV Park Pahrump, Nevada Pahrump Nugget Hotel Casino (“Pahrump Nugget”) Pahrump, Nevada Maryland Casino Resort Rocky Gap Casino Resort (“Rocky Gap”) Flintstone, Maryland Distributed Gaming Nevada distributed gaming Nevada Nevada taverns Nevada Montana distributed gaming Montana

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Components of Property and Equipment	Property and equipment, net, consisted of the following: (In thousands) March 31, 2022 December 31, 2021 Land $ 125,240 $ 125,240 Building and improvements 940,370 937,759 Furniture and equipment 251,101 246,323 Construction in process 19,640 16,347 Property and equipment 1,336,351 1,325,669 Accumulated depreciation (445,726) (421,449) Property and equipment, net $ 890,625 $ 904,220

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Goodwill Activity by Reportable Segment	The following table summarizes goodwill activity by reportable segment: (In thousands) Nevada Casino Resorts Nevada Locals Casinos Maryland Casino Resort Distributed Total Balance, December 31, 2021 and March 31, 2022 $ 22,105 $ 38,187 $ — $ 98,104 $ 158,396
Schedule of Finite-Lived Intangible Assets	Intangible assets, net, consisted of the following: March 31, 2022 (In thousands) Useful Life (Years) Gross Carrying Value Cumulative Amortization Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 53,690 $ — $ (6,890) $ 46,800 53,690 — (6,890) 46,800 Amortizing intangible assets Customer relationships 4-16 81,105 (37,346) — 43,759 Player relationships 2-14 42,990 (39,973) — 3,017 Non-compete agreements 2-5 9,840 (8,543) — 1,297 Gaming license (1) 15 2,100 (1,245) — 855 In-place lease value 4 1,170 (1,170) — — Leasehold interest 4 570 (570) — — Other 4-25 1,814 (1,373) — 441 139,589 (90,220) — 49,369 Balance, March 31, 2022 $ 193,279 $ (90,220) $ (6,890) $ 96,169 (1) Relates to Rocky Gap. December 31, 2021 (In thousands) Useful Life (Years) Gross Carrying Value Cumulative Amortization Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 53,690 $ — $ (6,890) $ 46,800 53,690 — (6,890) 46,800 Amortizing intangible assets Customer relationships 4-16 81,105 (35,879) — 45,226 Player relationships 2-14 42,990 (39,812) — 3,178 Non-compete agreements 2-5 9,840 (8,349) — 1,491 Gaming license (1) 15 2,100 (1,210) — 890 In-place lease value 4 1,170 (1,155) — 15 Leasehold interest 4 570 (570) — — Other 4-25 1,814 (1,356) — 458 139,589 (88,331) — 51,258 Balance, December 31, 2021 $ 193,279 $ (88,331) $ (6,890) $ 98,058 (1) Relates to Rocky Gap.
Schedule of Indefinite-Lived Intangible Assets	Intangible assets, net, consisted of the following: March 31, 2022 (In thousands) Useful Life (Years) Gross Carrying Value Cumulative Amortization Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 53,690 $ — $ (6,890) $ 46,800 53,690 — (6,890) 46,800 Amortizing intangible assets Customer relationships 4-16 81,105 (37,346) — 43,759 Player relationships 2-14 42,990 (39,973) — 3,017 Non-compete agreements 2-5 9,840 (8,543) — 1,297 Gaming license (1) 15 2,100 (1,245) — 855 In-place lease value 4 1,170 (1,170) — — Leasehold interest 4 570 (570) — — Other 4-25 1,814 (1,373) — 441 139,589 (90,220) — 49,369 Balance, March 31, 2022 $ 193,279 $ (90,220) $ (6,890) $ 96,169 (1) Relates to Rocky Gap. December 31, 2021 (In thousands) Useful Life (Years) Gross Carrying Value Cumulative Amortization Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 53,690 $ — $ (6,890) $ 46,800 53,690 — (6,890) 46,800 Amortizing intangible assets Customer relationships 4-16 81,105 (35,879) — 45,226 Player relationships 2-14 42,990 (39,812) — 3,178 Non-compete agreements 2-5 9,840 (8,349) — 1,491 Gaming license (1) 15 2,100 (1,210) — 890 In-place lease value 4 1,170 (1,155) — 15 Leasehold interest 4 570 (570) — — Other 4-25 1,814 (1,356) — 458 139,589 (88,331) — 51,258 Balance, December 31, 2021 $ 193,279 $ (88,331) $ (6,890) $ 98,058 (1) Relates to Rocky Gap.

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following: (In thousands) March 31, 2022 December 31, 2021 Interest $ 13,173 $ 6,168 Gaming liabilities 11,232 12,311 Accrued taxes, other than income taxes 9,609 9,035 Other accrued liabilities 8,706 5,549 Deposits 4,492 2,284 Total current accrued liabilities $ 47,212 $ 35,347

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt, net, consisted of the following: (In thousands) March 31, 2022 December 31, 2021 Term Loan $ 625,000 $ 650,000 2026 Unsecured Notes 375,000 375,000 Finance lease liabilities 2,887 3,005 Notes payable 168 602 Total long-term debt and finance leases 1,003,055 1,028,607 Unamortized discount (10,778) (11,689) Unamortized debt issuance costs (5,080) (5,392) Total long-term debt and finance leases after debt issuance costs and discount 987,197 1,011,526 Current portion of long-term debt and finance leases (655) (1,057) Long-term debt, net and finance leases $ 986,542 $ 1,010,469

Shareholders_ Equity and Stoc_2

Shareholders’ Equity and Stock Incentive Plans (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Summary of Stock Option Activity	The following table summarizes the Company’s stock option activity: Stock Options Shares Weighted-Average Exercise Price Outstanding at January 1, 2022 2,141,494 $ 11.31 Granted — $ — Exercised (36,000) $ 9.80 Cancelled — $ — Expired — $ — Outstanding at March 31, 2022 2,105,494 $ 11.33 Exercisable at March 31, 2022 2,105,494 $ 11.33
Summary of Activity Related To Time-based Restricted Stock Units (RSUs) and Performance-based Restricted Stock Units (PSUs)	The following table summarizes the Company’s activity related to time-based restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”): RSUs PSUs Shares Weighted-Average Grant Date Fair Value Shares (1) Weighted-Average Grant Date Fair Value Outstanding at January 1, 2022 815,420 $ 18.17 705,577 (2) $ 13.84 Granted 97,447 $ 53.51 83,579 $ 53.51 Performance adjustment — $ — 534,383 (3) $ — Vested (338,644) $ 15.79 (247,380) (4) $ 12.51 Cancelled (18,693) $ 14.95 — $ — Outstanding at March 31, 2022 555,530 $ 25.93 1,076,159 $ 19.79 (1) The number of shares for the PSUs listed as granted represents the “target” number of PSUs granted to each recipient eligible to vest if the Company meets its “target” performance goals for the applicable period. The actual number of PSUs eligible to vest for those PSUs will vary depending on whether or not the Company meets or exceeds the applicable threshold, target, or maximum performance goals for the PSUs, with 200% of the “target” number of PSUs eligible to vest at “maximum” performance levels. (2) Includes 171,194 shares of PSUs granted in March 2019 that were certified below target during the three months ended March 31, 2021 and vested during the three months ended March 31, 2022. Also includes PSUs granted in March 2020 and March 2021 at “target.” (3) The Company’s financial results for the applicable performance goals were certified during the three months ended March 31, 2022 and 200% of the target PSUs granted in March 2020 and March 2021 were deemed “earned” and will be eligible to vest on March 14, 2023 and 2024, respectively.

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurement of Long-term Debt	The following table summarizes the fair value measurement of the Company’s long-term debt: March 31, 2022 (In thousands) Carrying Amount Fair Value Fair Value Hierarchy Term Loan $ 625,000 $ 621,094 Level 2 2026 Unsecured Notes 375,000 390,450 Level 2 Finance lease liabilities 2,887 2,887 Level 3 Notes payable 168 168 Level 3 Total debt $ 1,003,055 $ 1,014,599 December 31, 2021 (In thousands) Carrying Amount Fair Value Fair Value Hierarchy Term Loan $ 650,000 $ 650,813 Level 2 2026 Unsecured Notes 375,000 390,938 Level 2 Finance lease liabilities 3,005 3,005 Level 3 Notes payable 602 602 Level 3 Total debt $ 1,028,607 $ 1,045,358

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Three Months Ended March 31, (In thousands) 2022 2021 Revenues Nevada Casino Resorts Gaming $ 44,230 $ 38,826 Food and beverage 21,384 14,965 Rooms 22,029 15,628 Other 8,792 5,386 Nevada Casino Resorts revenues $ 96,435 $ 74,805 Nevada Locals Casinos Gaming $ 29,381 $ 29,536 Food and beverage 6,179 5,513 Rooms 2,244 1,478 Other 2,085 2,018 Nevada Locals Casinos revenues $ 39,889 $ 38,545 Maryland Casino Resort Gaming $ 14,457 $ 13,032 Food and beverage 1,648 1,442 Rooms 1,473 1,292 Other 314 334 Maryland Casino Resort revenues $ 17,892 $ 16,100 Distributed Gaming Gaming $ 102,719 $ 95,606 Food and beverage 13,245 11,884 Other 3,258 2,419 Distributed gaming revenues $ 119,222 $ 109,909 Corporate and Other 206 337 Total revenues $ 273,644 $ 239,696 Three Months Ended March 31, (In thousands) 2022 2021 Adjusted EBITDA Nevada Casino Resorts $ 33,575 $ 26,655 Nevada Locals Casinos 20,038 19,552 Maryland Casino Resort 5,572 4,873 Distributed Gaming 22,053 20,880 Corporate and Other (13,913) (12,462) Total Adjusted EBITDA 67,325 59,498 Adjustments Depreciation and amortization (26,276) (27,186) Change in non-cash lease expense (181) (439) Share-based compensation (3,672) (3,005) Gain (loss) on disposal of assets 41 (209) Loss on debt extinguishment and modification (181) — Preopening and related expenses (1) (55) (120) Other, net (4,296) (2,168) Interest expense, net (15,118) (16,048) Income tax benefit 18,479 297 Net Income $ 36,066 $ 10,620 (1) Preopening and related expenses consist of labor, food, utilities, training, initial licensing, rent and organizational costs incurred in connection with the opening of tavern and casino locations. The Company’s assets by segment consisted of the following amounts: (In thousands) Nevada Casino Resorts Nevada Locals Casinos Maryland Casino Resort Distributed Gaming Corporate and Other Consolidated Balance at March 31, 2022 $ 808,374 $ 166,486 $ 41,600 $ 403,218 $ 184,461 $ 1,604,139 Balance at December 31, 2021 $ 811,016 $ 165,362 $ 41,403 $ 411,342 $ 186,441 $ 1,615,564

Nature of Business and Basis _4

Nature of Business and Basis of Presentation - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022numberOfPropertynumberOfSegment	Mar. 31, 2021USD ($)
Nature Of Business And Basis Of Presentation [Line Items]
Number of reportable segments | numberOfSegment	4
COVID-19
Nature Of Business And Basis Of Presentation [Line Items]
Reduction in rent expense | $		$ 1.7
Nevada and Maryland
Nature Of Business And Basis Of Presentation [Line Items]
Number of resort casino properties | numberOfProperty	10

Property and Equipment - Compon

Property and Equipment - Components of Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Land	$ 125,240	$ 125,240
Building and improvements	940,370	937,759
Furniture and equipment	251,101	246,323
Construction in process	19,640	16,347
Property and equipment	1,336,351	1,325,669
Accumulated depreciation	(445,726)	(421,449)
Property and equipment, net	$ 890,625	$ 904,220

Property and Equipment - Additi

Property and Equipment - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 24,400,000	$ 25,000,000
Impairment on long-lived assets	$ 0	$ 0

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment on goodwill and intangible assets	$ 0	$ 0
Amortization of intangible assets	$ 1,900,000	$ 2,200,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Summary of Goodwill Activity by Reportable Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Goodwill [Line Items]
Goodwill	$ 158,396	$ 158,396
Nevada Casino Resorts
Goodwill [Line Items]
Goodwill	22,105	22,105
Nevada Locals Casinos
Goodwill [Line Items]
Goodwill	38,187	38,187
Maryland Casino Resort
Goodwill [Line Items]
Goodwill	0	0
Distributed Gaming
Goodwill [Line Items]
Goodwill	$ 98,104	$ 98,104

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Indefinite-lived intangible assets
Gross Carrying Value	$ 53,690	$ 53,690
Cumulative Impairment	(6,890)	(6,890)
Intangible Assets, Net	46,800	46,800
Amortizing intangible assets
Gross Carrying Value	139,589	139,589
Cumulative Amortization	(90,220)	(88,331)
Intangible Assets, Net	49,369	51,258
Gross Carrying Value	193,279	193,279
Intangible Assets, Net	96,169	98,058
Customer relationships
Amortizing intangible assets
Gross Carrying Value	81,105	81,105
Cumulative Amortization	(37,346)	(35,879)
Intangible Assets, Net	$ 43,759	$ 45,226
Customer relationships | Minimum
Amortizing intangible assets
Amortizing intangible assets, Useful Life (Years)	4 years	4 years
Customer relationships | Maximum
Amortizing intangible assets
Amortizing intangible assets, Useful Life (Years)	16 years	16 years
Player relationships
Amortizing intangible assets
Gross Carrying Value	$ 42,990	$ 42,990
Cumulative Amortization	(39,973)	(39,812)
Intangible Assets, Net	$ 3,017	$ 3,178
Player relationships | Minimum
Amortizing intangible assets
Amortizing intangible assets, Useful Life (Years)	2 years	2 years
Player relationships | Maximum
Amortizing intangible assets
Amortizing intangible assets, Useful Life (Years)	14 years	14 years
Non-compete agreements
Amortizing intangible assets
Gross Carrying Value	$ 9,840	$ 9,840
Cumulative Amortization	(8,543)	(8,349)
Intangible Assets, Net	$ 1,297	$ 1,491
Non-compete agreements | Minimum
Amortizing intangible assets
Amortizing intangible assets, Useful Life (Years)	2 years	2 years
Non-compete agreements | Maximum
Amortizing intangible assets
Amortizing intangible assets, Useful Life (Years)	5 years	5 years
Gaming license
Amortizing intangible assets
Amortizing intangible assets, Useful Life (Years)	15 years	15 years
Gross Carrying Value	$ 2,100	$ 2,100
Cumulative Amortization	(1,245)	(1,210)
Intangible Assets, Net	$ 855	$ 890
In-place lease value
Amortizing intangible assets
Amortizing intangible assets, Useful Life (Years)	4 years	4 years
Gross Carrying Value	$ 1,170	$ 1,170
Cumulative Amortization	(1,170)	(1,155)
Intangible Assets, Net	$ 0	$ 15
Leasehold interest
Amortizing intangible assets
Amortizing intangible assets, Useful Life (Years)	4 years	4 years
Gross Carrying Value	$ 570	$ 570
Cumulative Amortization	(570)	(570)
Intangible Assets, Net	0	0
Other
Amortizing intangible assets
Gross Carrying Value	1,814	1,814
Cumulative Amortization	(1,373)	(1,356)
Intangible Assets, Net	$ 441	$ 458
Other | Minimum
Amortizing intangible assets
Amortizing intangible assets, Useful Life (Years)	4 years	4 years
Other | Maximum
Amortizing intangible assets
Amortizing intangible assets, Useful Life (Years)	25 years	25 years
Trade names
Indefinite-lived intangible assets
Gross Carrying Value	$ 53,690	$ 53,690
Cumulative Impairment	(6,890)	(6,890)
Intangible Assets, Net	$ 46,800	$ 46,800

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Interest	$ 13,173	$ 6,168
Gaming liabilities	11,232	12,311
Accrued taxes, other than income taxes	9,609	9,035
Other accrued liabilities	8,706	5,549
Deposits	4,492	2,284
Total current accrued liabilities	$ 47,212	$ 35,347

Long-term Debt - Schedule of Lo

Long-term Debt - Schedule of Long-term Debt Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Term Loan	$ 625,000	$ 650,000
2026 Unsecured Notes	375,000	375,000
Finance lease liabilities	2,887	3,005
Notes payable	168	602
Total long-term debt and finance leases	1,003,055	1,028,607
Unamortized discount	(10,778)	(11,689)
Unamortized debt issuance costs	(5,080)	(5,392)
Total long-term debt and finance leases after debt issuance costs and discount	987,197	1,011,526
Current portion of long-term debt and finance leases	(655)	(1,057)
Long-term debt, net and non-current finance leases	$ 986,542	$ 1,010,469

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Oct. 12, 2021	Apr. 15, 2019	Dec. 31, 2018	Dec. 31, 2017	Oct. 31, 2017
Debt Instrument [Line Items]
Term loan	$ 625,000,000		$ 650,000,000
Letters of credit outstanding	0
Repayments of lines of credit	25,000,000	$ 0
Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility	0
Line of credit facility, maximum amount outstanding during period	$ 240,000,000
Senior Secured First Lien Credit Facility
Debt Instrument [Line Items]
Debt instrument, face amount						$ 1,000,000,000		$ 900,000,000
Senior Secured First Lien Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 240,000,000		$ 200,000,000	$ 100,000,000	100,000,000
Debt modification costs			$ 700,000
Senior Secured First Lien Credit Facility | Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount								$ 800,000,000
Credit Facility
Debt Instrument [Line Items]
Debt, weighted average interest rate	3.75%
Credit Facility | Term Loan
Debt Instrument [Line Items]
Term loan	$ 625,000,000
Credit Facility | Term Loan | Revolving Credit Facility
Debt Instrument [Line Items]
Repayments of lines of credit	25,000,000
Accelerated amortization of debt issuance costs	$ 200,000
Senior Unsecured Notes Due 2026
Debt Instrument [Line Items]
Debt instrument, face amount					$ 375,000,000
Debt instrument interest stated percentage					7.625%

Shareholders_ Equity and Stoc_3

Shareholders’ Equity and Stock Incentive Plans - Additional Information (Details) - USD ($)	Jan. 01, 2022	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	May 03, 2022	Aug. 03, 2021	Mar. 12, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock repurchase, authorized							$ 50,000,000	$ 25,000,000
Shares repurchased (in shares)		268,791	226,485
Common stock price per share (USD per share)		$ 56.54	$ 46.87	$ 56.54
Shares repurchased, value				$ 15,196,000
Stock repurchase, remaining authorized repurchase amount		$ 24,200,000		$ 24,200,000
Common stock available for grants of awards (in shares)		3,152,416		3,152,416
Number of shares available for grant annual increase (in shares)	1,153,210
Accumulated Deficit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares repurchased, value		$ 15,200,000	$ 10,600,000	$ 15,194,000
Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net				0	$ 200,000
Stock options, unrecognized share-based compensation expense		0		0	0
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net				$ 1,500,000	1,200,000
Percentage of target number of PSU's eligible to vest at "maximum" performance level				200.00%
Granted (in shares)				83,579
Unamortized share-based compensation expense		11,300,000		$ 11,300,000	$ 6,200,000
Share-based compensation expense not yet recognized, weighted-average period for recognition				2 years 2 months 12 days	2 years 4 months 24 days
PSUs | March 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)				171,194
PSUs | March 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)				76,186
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net				$ 1,600,000	$ 1,300,000
Granted (in shares)				97,447
Unamortized share-based compensation expense		$ 12,500,000		$ 12,500,000	$ 11,300,000
Share-based compensation expense not yet recognized, weighted-average period for recognition				2 years 2 months 12 days	2 years 4 months 24 days
Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock repurchase, authorized						$ 50,000,000

Shareholders_ Equity and Stoc_4

Shareholders’ Equity and Stock Incentive Plans - Summary of Stock Option Activity (Details)	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Outstanding
Outstanding, beginning of year (in shares) | shares	2,141,494
Granted (in shares) | shares	0
Exercised (in shares) | shares	(36,000)
Cancelled (in shares) | shares	0
Expired (in shares) | shares	0
Outstanding, end of year (in shares) | shares	2,105,494
Exercisable (in shares) | shares	2,105,494
Weighted-Average Exercise Price
Outstanding, beginning of year (USD per share) | $ / shares	$ 11.31
Granted (USD per share) | $ / shares	0
Exercised (USD per share) | $ / shares	9.80
Cancelled (USD per share) | $ / shares	0
Expired (USD per share) | $ / shares	0
Outstanding, end of year (USD per share) | $ / shares	11.33
Exercisable (USD per share) | $ / shares	$ 11.33

Shareholders_ Equity and Stoc_5

Shareholders’ Equity and Stock Incentive Plans - Summary of Activity Related To Time-based Restricted Stock Units (RSUs) and Performance-based Restricted Stock Units (PSUs) (Details)	3 Months Ended
	Mar. 31, 2022$ / sharesshares
RSUs
Outstanding
Outstanding, beginning of year (in shares) | shares	815,420
Granted (in shares) | shares	97,447
Performance adjustment (in shares) | shares	0
Vested (in shares) | shares	(338,644)
Cancelled (in shares) | shares	(18,693)
Outstanding, end of year (in shares) | shares	555,530
Weighted Average Grant Date Fair Value
Outstanding, beginning of year (USD per share) | $ / shares	$ 18.17
Granted (USD per share) | $ / shares	53.51
Performance adjustment (USD per share) | $ / shares	0
Vested (USD per share) | $ / shares	15.79
Cancelled (USD per share) | $ / shares	14.95
Outstanding, end of year (USD per share) | $ / shares	$ 25.93
PSUs
Outstanding
Outstanding, beginning of year (in shares) | shares	705,577
Granted (in shares) | shares	83,579
Performance adjustment (in shares) | shares	534,383
Vested (in shares) | shares	(247,380)
Cancelled (in shares) | shares	0
Outstanding, end of year (in shares) | shares	1,076,159
Weighted Average Grant Date Fair Value
Outstanding, beginning of year (USD per share) | $ / shares	$ 13.84
Granted (USD per share) | $ / shares	53.51
Performance adjustment (USD per share) | $ / shares	0
Vested (USD per share) | $ / shares	12.51
Cancelled (USD per share) | $ / shares	0
Outstanding, end of year (USD per share) | $ / shares	$ 19.79

Income Tax (Details)

Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate, percent	(105.10%)	(2.90%)
Income tax benefit	$ 18,479	$ 297

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements - Schedule of Fair Value Measurement of Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Term Loan	$ 625,000	$ 650,000
2026 Unsecured Notes	375,000	375,000
Finance lease liabilities	2,887	3,005
Notes payable	168	602
Carrying Amount
Debt Instrument [Line Items]
Total debt	1,003,055	1,028,607
Carrying Amount | Level 2
Debt Instrument [Line Items]
Term Loan	625,000	650,000
2026 Unsecured Notes	375,000	375,000
Carrying Amount | Level 3
Debt Instrument [Line Items]
Finance lease liabilities	2,887	3,005
Notes payable	168	602
Fair Value
Debt Instrument [Line Items]
Total debt	1,014,599	1,045,358
Fair Value | Level 2
Debt Instrument [Line Items]
Term Loan	621,094	650,813
2026 Unsecured Notes	390,450	390,938
Fair Value | Level 3
Debt Instrument [Line Items]
Finance lease liabilities	2,887	3,005
Notes payable	$ 168	$ 602

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	May 26, 2021
Commitments And Contingencies [Line Items]
Proceeds received from change in ownership	$ (4,296)	$ (2,168)
William Hill U.S. HoldCo, Inc.
Commitments And Contingencies [Line Items]
Proceeds from change in ownership				$ 60,000
Proceeds received from change in ownership			$ 60,000
Caesars Entertainment, Inc.’s | William Hill’s Sale | United Kingdom
Commitments And Contingencies [Line Items]
Loss contingency accrual				$ 15,000
Gaming
Commitments And Contingencies [Line Items]
Cost of goods and services sold	105,651	96,372
Participation and Revenue Share Agreements | Gaming
Commitments And Contingencies [Line Items]
Cost of goods and services sold	$ 52,800	$ 54,100

Segment Information - Additiona

Segment Information - Additional Information (Details)	3 Months Ended
	Mar. 31, 2022numberOfLocationnumberOfOnsiteSlotnumberOfSegment
Segment Reporting Information [Line Items]
Number of reportable segments | numberOfSegment	4
Distributed Gaming
Segment Reporting Information [Line Items]
Number of non-casino locations | numberOfLocation	1,100
Number of onsite slots | numberOfOnsiteSlot	15

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Revenues
Total revenues	$ 273,644	$ 239,696
Adjusted EBITDA	67,325	59,498
Depreciation and amortization	(26,276)	(27,186)
Change in non-cash lease expense	(181)	(439)
Share-based compensation	(3,672)	(3,005)
Gain (loss) on disposal of assets	41	(209)
Loss on debt extinguishment and modification	(181)	0
Preopening and related expenses	(55)	(120)
Other, net	(4,296)	(2,168)
Interest expense, net	(15,118)	(16,048)
Income tax benefit	18,479	297
Net income	36,066	10,620
Assets	1,604,139		$ 1,615,564
Gaming
Revenues
Total revenues	190,787	177,000
Food and beverage
Revenues
Total revenues	42,456	33,804
Rooms
Revenues
Total revenues	25,746	18,398
Other
Revenues
Total revenues	14,655	10,494
Operating Segments | Nevada Casino Resorts
Revenues
Total revenues	96,435	74,805
Adjusted EBITDA	33,575	26,655
Assets	808,374		811,016
Operating Segments | Nevada Casino Resorts | Gaming
Revenues
Total revenues	44,230	38,826
Operating Segments | Nevada Casino Resorts | Food and beverage
Revenues
Total revenues	21,384	14,965
Operating Segments | Nevada Casino Resorts | Rooms
Revenues
Total revenues	22,029	15,628
Operating Segments | Nevada Casino Resorts | Other
Revenues
Total revenues	8,792	5,386
Operating Segments | Nevada Locals Casinos
Revenues
Total revenues	39,889	38,545
Adjusted EBITDA	20,038	19,552
Assets	166,486		165,362
Operating Segments | Nevada Locals Casinos | Gaming
Revenues
Total revenues	29,381	29,536
Operating Segments | Nevada Locals Casinos | Food and beverage
Revenues
Total revenues	6,179	5,513
Operating Segments | Nevada Locals Casinos | Rooms
Revenues
Total revenues	2,244	1,478
Operating Segments | Nevada Locals Casinos | Other
Revenues
Total revenues	2,085	2,018
Operating Segments | Maryland Casino Resort
Revenues
Total revenues	17,892	16,100
Adjusted EBITDA	5,572	4,873
Assets	41,600		41,403
Operating Segments | Maryland Casino Resort | Gaming
Revenues
Total revenues	14,457	13,032
Operating Segments | Maryland Casino Resort | Food and beverage
Revenues
Total revenues	1,648	1,442
Operating Segments | Maryland Casino Resort | Rooms
Revenues
Total revenues	1,473	1,292
Operating Segments | Maryland Casino Resort | Other
Revenues
Total revenues	314	334
Operating Segments | Distributed Gaming
Revenues
Total revenues	119,222	109,909
Adjusted EBITDA	22,053	20,880
Assets	403,218		411,342
Operating Segments | Distributed Gaming | Gaming
Revenues
Total revenues	102,719	95,606
Operating Segments | Distributed Gaming | Food and beverage
Revenues
Total revenues	13,245	11,884
Operating Segments | Distributed Gaming | Other
Revenues
Total revenues	3,258	2,419
Corporate and Other
Revenues
Total revenues	206	337
Adjusted EBITDA	(13,913)	$ (12,462)
Assets	$ 184,461		$ 186,441

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	1 Months Ended	3 Months Ended
	Nov. 30, 2018	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Sartini Enterprises
Related Party Transaction [Line Items]
Due from related parties				$ 0
Reimbursement expense paid			$ 200,000
Due to related parties		$ 100,000
Office Headquarters
Related Party Transaction [Line Items]
Due from related parties		$ 0		$ 0
Office Headquarters | Mr. Sartini
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party		33.00%
Related party transaction, amounts of transaction			300,000
Office Headquarters | Mr. Sartini's Immediate Family Members
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party		5.00%
Office Headquarters | Stephen Arcana
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party		3.00%
Office Space Lease | Mr. Sartini
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party	33.00%
Related party transaction, amounts of transaction		$ 100,000	$ 100,000
Office Space Lease | Mr. Sartini's Immediate Family Members
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party	5.00%
Office Space Lease | Mr. Arcana
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party	3.00%