Golden Entertainment (GDEN) 10-K 1 Mar 23 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 20, 2023	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
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 Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 861,277,021
Entity Common Stock, Shares Outstanding (in shares)		28,178,990
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the Proxy Statement for the registrant’s 2023 annual meeting of shareholders, to be filed with the Securities and Exchange Commission within 120 days after the registrant’s year ended December 31, 2022, are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. Except with respect to information specifically incorporated by reference in this Annual Report on Form 10-K, the Proxy Statement is not deemed to be filed as part hereof.
Entity Central Index Key	0001071255
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	Las Vegas, NV
Auditor Firm ID	42

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 136,889	$ 220,540
Accounts receivable, net of allowance for credit losses of $775 and $481 at December 31, 2022 and 2021, respectively	20,495	18,720
Prepaid expenses	25,900	15,108
Inventories	8,117	6,637
Other	13,610	2,933
Assets held for sale	39,562	0
Total current assets	244,573	263,938
Property and equipment, net	840,731	904,220
Operating lease right-of-use assets, net	147,893	179,251
Goodwill	158,396	158,396
Intangible assets, net	89,552	98,058
Deferred income tax assets	11,822	0
Other assets	15,703	11,701
Total assets	1,508,670	1,615,564
Current liabilities
Current portion of long-term debt and finance leases	555	1,057
Current portion of operating leases	42,200	40,151
Accounts payable	25,168	19,102
Accrued payroll and related	21,227	31,309
Accrued liabilities	33,365	35,347
Liabilities related to assets held for sale	10,187	0
Total current liabilities	132,702	126,966
Long-term debt, net and non-current finance leases	900,464	1,010,469
Non-current operating leases	121,979	155,098
Deferred income tax liabilities	53	1,861
Other long-term obligations	552	1,629
Total liabilities	1,155,750	1,296,023
Commitments and contingencies (Note 13)
Shareholders’ equity
Common stock, $.01 par value; authorized 100,000 shares; 28,179 and 28,830 common shares issued and outstanding at December 31, 2022 and 2021, respectively	282	288
Additional paid-in capital	480,060	477,829
Accumulated deficit	(127,422)	(158,576)
Total shareholders’ equity	352,920	319,541
Total liabilities and shareholders’ equity	$ 1,508,670	$ 1,615,564

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Accounts receivable, net of allowance	$ 775	$ 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)	28,179,000	28,830,000
Common stock, shares outstanding (in shares)	28,179,000	28,830,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Total revenues	$ 1,121,719,000	$ 1,096,543,000	$ 694,155,000
Expenses
Other operating	19,889,000	16,968,000	11,789,000
Selling, general and administrative	235,404,000	221,967,000	183,122,000
Depreciation and amortization	100,123,000	106,692,000	124,430,000
Loss on disposal of assets	934,000	1,260,000	803,000
Preopening expenses	161,000	246,000	308,000
Impairment of goodwill and intangible assets	0	0	33,964,000
Total expenses	973,772,000	930,503,000	761,594,000
Operating income (loss)	147,947,000	166,040,000	(67,439,000)
Non-operating expense
Other non-operating income	0	60,000,000	0
Interest expense, net	(63,490,000)	(62,853,000)	(69,110,000)
Loss on debt extinguishment and modification	(1,590,000)	(975,000)	0
Change in fair value of derivative	0	0	(1,000)
Total non-operating expense, net	(65,080,000)	(3,828,000)	(69,111,000)
Income (loss) before income tax provision	82,867,000	162,212,000	(136,550,000)
Income tax provision	(521,000)	(436,000)	(61,000)
Net income (loss)	$ 82,346,000	$ 161,776,000	$ (136,611,000)
Weighted-average common shares outstanding
Basic (in shares)	28,662	28,709	28,080
Diluted (in shares)	31,514	32,123	28,080
Net income (loss) per share
Basic (USD per share)	$ 2.87	$ 5.64	$ (4.87)
Diluted (USD per share)	$ 2.61	$ 5.04	$ (4.87)
Gaming
Revenues
Total revenues	$ 760,906,000	$ 766,307,000	$ 476,753,000
Expenses
Cost of goods and services sold	428,984,000	416,197,000	275,041,000
Food and beverage
Revenues
Total revenues	175,363,000	167,815,000	112,081,000
Expenses
Cost of goods and services sold	131,863,000	118,541,000	92,202,000
Rooms
Revenues
Total revenues	122,324,000	109,802,000	71,411,000
Expenses
Cost of goods and services sold	56,414,000	48,632,000	39,935,000
Other
Revenues
Total revenues	$ 63,126,000	$ 52,619,000	$ 33,910,000

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common stock	Additional Paid-in Capital	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2019		27,879
Beginning balance at Dec. 31, 2019	$ 289,744	$ 279	$ 461,643	$ (172,178)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock on options exercised and restricted stock units vested (in shares)		330
Issuance of stock on options exercised and restricted stock units vested	$ 3	$ 3
Repurchases of common stock (in shares)	(50)	(50)
Repurchases of common stock	$ (950)			(950)
Share-based compensation	9,525		9,525
Tax benefit from share-based compensation	(449)		(449)
Net income (loss)	(136,611)			(136,611)
Ending balance (in shares) at Dec. 31, 2020		28,159
Ending balance 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)		898
Issuance of stock on options exercised and restricted stock units vested	$ 107	$ 9	98
Repurchases of common stock (in shares)	(227)	(227)
Repurchases of common stock	$ (10,616)	$ (3)		(10,613)
Share-based compensation	13,844		13,844
Tax benefit from share-based compensation	(6,832)		(6,832)
Net income (loss)	$ 161,776			161,776
Ending balance (in shares) at Dec. 31, 2021	28,830	28,830
Ending balance 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)		462
Issuance of stock on options exercised and restricted stock units vested	$ 35	$ 4	31
Repurchases of common stock (in shares)	(1,113)	(1,113)
Repurchases of common stock	$ (51,202)	$ (10)		(51,192)
Share-based compensation	12,880		12,880
Tax benefit from share-based compensation	(10,680)		(10,680)
Net income (loss)	$ 82,346			82,346
Ending balance (in shares) at Dec. 31, 2022	28,179	28,179
Ending balance at Dec. 31, 2022	$ 352,920	$ 282	$ 480,060	$ (127,422)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities
Net income (loss)	$ 82,346,000	$ 161,776,000	$ (136,611,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	100,123,000	106,692,000	124,430,000
Non-cash lease expense	165,000	762,000	1,344,000
Share-based compensation	12,880,000	13,844,000	9,525,000
Amortization of debt issuance costs and discounts on debt	4,093,000	4,343,000	4,519,000
Loss on disposal of assets	934,000	1,260,000	803,000
Provision for credit losses	753,000	631,000	940,000
Deferred income taxes	(13,630,000)	341,000	432,000
Loss on debt extinguishment and modification	1,590,000	975,000	0
Impairment of goodwill and intangible assets	0	0	33,964,000
Change in fair value of derivative	0	0	1,000
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(4,882,000)	(5,643,000)	1,599,000
Prepaid expenses, inventories and other current assets	(24,082,000)	(1,213,000)	8,999,000
Other assets	(4,307,000)	(1,595,000)	174,000
Accounts payable and other accrued expenses	(4,494,000)	14,393,000	(13,740,000)
Other liabilities	(1,292,000)	(791,000)	356,000
Net cash provided by operating activities	150,197,000	295,775,000	36,735,000
Cash flows from investing activities
Purchase of property and equipment, net of change in construction payables	(51,419,000)	(29,259,000)	(36,502,000)
Proceeds from disposal of property and equipment	152,000	374,000	648,000
Net cash used in investing activities	(51,267,000)	(28,885,000)	(35,854,000)
Cash flows from financing activities
Repayments of revolving credit facility	0	0	(200,000,000)
Borrowings under revolving credit facility	0	0	200,000,000
Repayments of term loan	(75,000,000)	(122,000,000)	0
Repurchase of senior notes	(39,524,000)	0	0
Repayments of notes payable	(512,000)	(3,737,000)	(5,017,000)
Principal payments under finance leases	(541,000)	(6,179,000)	(2,588,000)
Payment for debt extinguishment and modification costs	(12,000)	(651,000)	0
Tax withholding on share-based payments	(10,680,000)	(6,832,000)	(449,000)
Proceeds from issuance of common stock, net of costs	4,000	9,000	3,000
Proceeds from exercise of stock options	31,000	98,000	0
Repurchases of common stock	(51,202,000)	(10,616,000)	(950,000)
Net cash used in financing activities	(177,436,000)	(149,908,000)	(9,001,000)
Change in cash and cash equivalents	(78,506,000)	116,982,000	(8,120,000)
Balance, beginning of period	220,540,000	103,558,000	111,678,000
Balance, end of period	142,034,000	220,540,000	103,558,000
Cash and cash equivalents
Cash and cash equivalents	136,889,000	220,540,000	103,558,000
Cash and cash equivalents included in assets held for sale	5,145,000	0	0
Balance, end of period	142,034,000	220,540,000	103,558,000
Supplemental cash flow disclosures
Cash paid for interest	58,900,000	57,619,000	64,422,000
Cash paid (received) for income taxes, net	19,706,000	0	(1,483,000)
Non-cash investing and financing activities
Payables incurred for capital expenditures	5,386,000	1,933,000	3,585,000
Assets acquired under finance lease obligations	0	0	559,000
Loss on debt extinguishment and modification	1,590,000	975,000	0
Operating lease right-of-use assets obtained in exchange for lease obligations	$ 22,078,000	$ 41,259,000	$ 11,153,000

Nature of Business

Nature of Business	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Nature of Business	Nature of Business 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 Nevada tavern segment is comprised of the operation of its branded taverns targeting local patrons located primarily in the greater Las Vegas, Nevada metropolitan area. The Company’s distributed gaming operations involve the installation, maintenance and operation of slot machines and amusement devices in third-party non-casino locations such as restaurants, bars, taverns, convenience stores, liquor stores and grocery stores in Nevada and Montana. Unless otherwise indicated, the terms “Golden” and the “Company,” refer to Golden Entertainment, Inc. together with its subsidiaries. The Company conducts its business through five reportable segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, Nevada Taverns, 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 Nevada Taverns 64 branded tavern locations Nevada Distributed Gaming Nevada distributed gaming Nevada Montana distributed gaming Montana (1) The operations of the Colorado Belle remain suspended. On August 24, 2022, the Company entered into definitive agreements to sell Rocky Gap to Century Casinos, Inc. (“Century”) and VICI Properties, L.P. (“VICI”), an affiliate of VICI Properties Inc., for aggregate consideration of $260.0 million (the “Rocky Gap Transactions”). Specifically, Century agreed to acquire the operations of Rocky Gap from Golden for $56.1 million in cash (subject to adjustment based on Rocky Gap’s working capital and cage cash at closing), subject to the conditions and terms set forth therein, and VICI agreed to acquire the real estate assets relating to Rocky Gap from Golden for $203.9 million in cash, subject to the conditions and terms set forth therein. The Rocky Gap Transactions are required by their terms to close concurrently and the Company expects the Rocky Gap Transactions to close during the second quarter of 2023, subject to the satisfaction or waiver of customary regulatory approvals and closing conditions. Refer to discussion in “ Note 3 — Assets Held for Sale ” for further information. Impact of COVID-19 As of December 31, 2022, all of the Company’s properties were open other than the Colorado Belle (whose operations remain suspended), and none of the Company’s casino properties or distributed gaming locations were subject to COVID-19 operating restrictions. Despite the resurgence of Omicron variants during 2022, the Company’s casino properties and distributed gaming operations experienced positive trends during the first half of 2022, including an increase in occupancy of hotel rooms and guest visitation following the removal of COVID-19 mitigation measures. The Company’s results of operations in the second half of 2021 also benefited from pent-up demand following the easing of COVID-19 mitigation measures and the effect of government stimulus on discretionary consumer spending. Future COVID-19 variants, mandates, restrictions or mitigation measures imposed by governmental authorities or regulatory bodies are uncertain and could have a significant impact on the Company’s future operations. Temporary closures of the Company’s operations due to the COVID-19 pandemic resulted in lease concessions for certain of the Company’s branded 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 $2.3 million and $11.9 million for the years ended December 31, 2021 and 2020, respectively . Rent expense that was not forgiven was recorded in future periods as those deferred payments were paid to the Company’s lessors.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the balance sheet date and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Basis of Presentation The accompanying 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. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and in banks and highly-liquid investments with original maturities of three months or less. As of December 31, 2022, the Company had $142.0 million in cash and cash equivalents, which included $5.1 million of cash and cash equivalents related to assets held for sale. Although cash and cash equivalents balances may at times exceed the federal insured deposit limit, the Company believes such risk is mitigated by the quality of the institutions holding such deposits. Accounts Receivable Accounts receivable consist primarily of gaming, hotel and other receivables, net of allowance for credit losses. Accounts receivable are non-interest bearing and are initially recorded at cost. An estimated allowance for credit losses is maintained to reduce the Company’s accounts receivable to their expected net realizable value based on specific reviews of customer accounts, the age of such accounts, management’s assessment of the customer’s financial condition, historical and current collection experience and management’s expectations of future collection trends based on the current and forecasted economic and business conditions. Accounts are written off when management deems them to be uncollectible. Recoveries of accounts previously written off are recorded when received. Historically, the Company’s estimated allowance for credit losses has been consistent with such losses. Inventories Inventories consist primarily of food and beverage and retail items and are stated at the lower of cost or net realizable value. Cost is determined using the first-in, first-out and the average cost inventory methods. Property and Equipment Property and equipment is stated at cost less accumulated depreciation. Assets held under finance lease agreements are stated at the lower of the present value of the future minimum lease payments or fair value at the inception of the lease. Expenditures for major additions, renewals and improvements are capitalized while costs of routine repairs and maintenance are expensed when incurred. A significant amount of the Company’s property and equipment was acquired through business acquisitions and therefore, was initially recognized at fair value on the effective date of the applicable acquisition transaction. Depreciation of property and equipment is computed using the straight-line method over the following estimated useful lives: Building and improvements 10 - 40 years Furniture and equipment 3 - 15 years Leasehold improvements 2 - 15 years 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. Recoverability is evaluated by comparing the estimated future cash flows of the asset, on an undiscounted basis, to its carrying amount. If the undiscounted estimated future cash flows exceed the carrying amount, no impairment is indicated. If the undiscounted estimated future cash flows do not exceed the carrying amount, impairment is recorded based on the difference between the asset’s estimated fair value and its carrying amount. To estimate fair values, the Company generally uses market comparables, when available, or a discounted cash flow model. The estimation of fair value requires significant judgment and is based on assumptions about future cash flows, including future growth rates, operating margins, economic and business conditions, and discount rate, all of which are unpredictable and inherently uncertain. The Company’s long-lived asset impairment tests are performed at the reporting unit level. Assets to be disposed of are carried at the lower of their carrying amount or fair value less costs of disposal. The fair value of assets to be disposed of is generally estimated based on comparable asset sales, solicited offers or a discounted cash flow model. Sales and other disposals of property and equipment are recorded by removing the related cost and accumulated depreciation from the accounts with gains or losses on sales and other disposals recorded in the Company’s consolidated statements of operations. Goodwill The Company tests its goodwill for impairment annually during the fourth quarter of each year, and whenever events or circumstances indicate that it is more likely than not that impairment may have occurred. Impairment testing for goodwill is performed at the reporting unit level. When performing testing for impairment, the Company either conducts a qualitative assessment to determine whether it is more likely than not that the asset is impaired, or elects to bypass this qualitative assessment and perform a quantitative test. Under the qualitative assessment, the Company considers both positive and negative factors, including macroeconomic conditions, industry events, financial performance and other changes, and makes a determination of whether it is more likely than not that the fair value of goodwill is less than its carrying amount. If, after assessing the qualitative factors, the Company determines that it is more likely than not the asset is impaired, it then performs a quantitative test in which the estimated fair value of the reporting unit is compared to its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds its estimated fair value, an impairment loss is recognized in an amount equal to the excess, limited to the amount of goodwill allocated to the reporting unit. When performing the quantitative test, the Company estimates the fair value of each reporting unit using the expected present value of future cash flows along with value indications based on current valuation multiples of the Company and comparable publicly traded companies. The estimation of fair value requires significant judgment and is based on assumptions about future cash flows, including future growth rates, operating margins, economic and business conditions, all of which are unpredictable and inherently uncertain. Cash flow estimates are based on the current regulatory, political and economic climates, recent operating information and projections. Such estimates could be negatively impacted by changes in federal, state or local regulations, economic downturns, competition, events affecting various forms of travel and access to the Company’s properties, and other factors, such that the actual results may differ materially from such estimates. If the Company’s estimates of future cash flows are not met, it may be required to record goodwill impairment charges in the future. Indefinite-Lived Intangible Assets The Company’s indefinite-lived intangible assets are comprised of trade names acquired in a business combination. The fair value of the Company’s trade names is estimated using the income approach to valuation at each of its reporting units. The Company tests its 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 an asset is impaired. Indefinite-lived intangible assets are not amortized unless it is determined that an asset’s useful life is no longer indefinite. The Company periodically reviews its indefinite-lived assets to determine whether events and circumstances continue to support an indefinite useful life. If an indefinite-lived intangible asset no longer has an indefinite life, the asset is tested for impairment and is subsequently accounted for as a finite-lived intangible asset. Finite-Lived Intangible Assets The Company’s finite-lived intangible assets primarily represent assets related to its customer relationships, player relationships, and non-compete agreements, and were acquired in a business combination. The Company’s finite-lived intangible assets are also comprised of leasehold interest and licenses. Finite-lived intangible assets are amortized over their estimated useful lives using the straight-line method. The Company periodically evaluates the remaining useful lives of its finite-lived intangible assets to determine whether events and circumstances warrant a revision to the remaining period of amortization. The Company’s customer relationship assets represent the value associated with space lease agreements and participation agreements with its distributed gaming customers acquired in an asset purchase or a business acquisition. The Company’s player relationships represent the value associated with its rated casino guests. The initial fair value of these intangible assets was determined using the income approach. The recoverability of the finite-lived intangible assets could be affected by, among other things, increased competition within the gaming industry, a downturn in the economy, declines in customer spending which could impact the expected future cash flows associated with the rated casino guests, declines in the number of customer visits which could impact the expected attrition rate of the rated casino guests, and erosion of operating margins associated with rated casino guests. Should events or changes in circumstances cause the carrying amount of a customer relationship intangible asset to exceed its estimated fair value, the Company will recognize an impairment charge in the amount of the excess of the carrying amount over its estimated fair value. Long-Term Debt Long-term debt is reported as the outstanding debt amount, net of unamortized debt issuance costs and debt discount. These include legal and other direct costs related to the issuance of debt and discounts granted to the initial purchasers or lenders of the Company’s debt instruments, and are recorded as a direct reduction to the face amount of the Company’s outstanding long-term debt on the consolidated balance sheets. The debt discount and debt issuance costs are accreted to interest expense using the effective interest method or, if the amounts approximate the effective interest method, on a straight-line basis over the contractual term of the underlying debt. The amount amortized to interest expense was $4.1 million, $4.3 million and $4.5 million for the years ended December 31, 2022, 2021 and 2020, respectively. Derivative Instruments The Company uses derivative financial instruments to manage interest rate exposure. The fair value of derivative financial instruments is recognized as an asset or liability at each balance sheet date, with changes in fair value recorded in earnings as the Company’s derivative financial instruments do not qualify for hedge accounting. The fair value approximates the amount the Company would pay if these contracts were settled at the respective valuation dates. Leases The Company determines whether an arrangement is or contains a lease at inception or modification of a contract. An arrangement is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The right to control the use of the identified asset means the lessee has both the right to obtain substantially all economic benefits from the use of the asset and the right to direct the use of the asset. Operating lease right-of-use (“ROU”) assets and liabilities are recognized at the commencement date for the arrangements with a term of 12 months or longer and are initially measured based on the present value of lease payments over the defined lease term. The measurement of the operating lease ROU assets also includes any prepaid lease payments made and is net of lease incentives. If the implicit interest rate to be applied to the determination of the present value of lease payments over the lease term is not readily determinable, the Company estimates the incremental borrowing rate based on the information available at the commencement date. The Company’s lease terms may include options to extend or terminate the lease. The Company assesses these options using a threshold of reasonably certain. For leases the Company is reasonably certain to renew, those option periods are included within the lease term and, therefore, the measurement of the ROU asset and lease liability. For operating leases, lease expense for lease payments is recognized on a straight-line basis over the lease term. For finance leases, the ROU asset depreciates on a straight-line basis over the shorter of the lease term or useful life of the ROU asset and the lease liability accretes interest based on the interest method using the discount rate determined at lease commencement. The Company is the lessor under non-cancelable operating leases for retail and food and beverage outlet space within its casino properties. The Company also enters into operating lease agreements with certain equipment providers for placement of amusement devices and automated teller machines within its casino properties and taverns. The lease arrangements generally include minimum base rent and/or contingent rental clauses based on a percentage of net sales exceeding minimum base rent. Revenue is recorded on a straight-line basis over the term of the lease. The Company recognizes revenue for contingent rentals when the contingency has been resolved. Revenue Recognition Revenue from contracts with customers primarily consists of casino wagers, room sales, food and beverage transactions, rental income from the Company’s retail tenants, and entertainment sales. Casino gaming revenues are the aggregate of gaming wins and losses. The commissions rebated to premium players for cash discounts and other cash incentives to patrons related to gaming play are recorded as a reduction to casino gaming revenues. Gaming contracts include a performance obligation to honor the patron’s wager and typically include a performance obligation to provide a product or service to the patron on a complimentary basis to incentivize gaming or in exchange for points earned under the Company’s True Rewards® loyalty program. The Company generally enters into two types of slot and amusement device placement contracts as part of its distributed gaming business: space lease agreements and participation agreements. Under space lease agreements, the Company pays a fixed monthly rental fee for the right to install, maintain and operate its slot machines at a business location and the Company is the sole holder of the applicable gaming license that allows it to operate such slot machines. Under these agreements, the Company recognizes all gaming revenue and records fixed monthly rental fees as gaming expense. Under participation agreements, the business location retains a percentage of the gaming revenue generated from the Company’s slot machines, and as a result both the business location and Golden are required to hold a state issued gaming license. In Montana, the Company’s slot and amusement device placement contracts are all participation agreements. In its distributed gaming business, the Company concluded it maintains control of the services directly before they are transferred to its customer and it considers its customer to be the gaming player since the Company controls all aspects of the slot machines. The Company retains control over the slot machines placed at the business location’s premises by controlling the hold percentage, types of slot machines and games made available on such machines, physical access to the contents of the gaming devices, and the repair and servicing of the slot machines. Therefore, these agreements do not contain a lease under Accounting Standards Codification (“ASC”) 842 and are accounted for under ASC 606. The Company is considered to be the principal in these arrangements and 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. Wagering contracts that include complimentary products and services provided by the Company to incentivize gaming, such as complimentary food, beverage, rooms, entertainment, merchandise and other discretionary complimentaries, and wagering contracts that include products and services provided to a patron in exchange for points earned under the Company’s loyalty program contain more than one performance obligation. The transaction price is allocated to each performance obligation in the gaming wagering contract. The amount allocated to loyalty points earned is based on an estimate of the standalone selling price of the loyalty points, which is determined by the redemption value less an estimate for points not expected to be redeemed. The amount allocated to discretionary complimentaries is the standalone selling price of the underlying goods or services, which is determined using the retail price at which those goods or services would be sold separately in similar transactions. The remaining amount of the transaction price is allocated to wagering activity using the residual approach as the standalone selling price for gaming wagers is highly variable due to wide disparity of wagering options available to the Company’s patrons. The amount wagered, frequency of wagering, patron betting habits, and outcomes of the games of chance are unpredictable. As a result, no stand-alone selling price of a gaming transaction is determinable and the residual approach is utilized to represent the net revenue ascribed to the gaming wager. For wagering contracts that include discretionary complimentaries, the Company allocates the stand-alone selling price of each product and service to the respective revenue type. Complimentary products or services provided under the Company’s control and discretion that are supplied by third parties are recorded as an operating expense in the consolidated statements of operations. For wagering contracts that include products and services provided to a patron in exchange for points earned under the Company’s loyalty program, the Company allocates the estimated stand-alone selling price of the points earned to the loyalty program liability. The loyalty program liability is a deferral of revenue until redemption occurs under ASC 606, Revenue from Contracts with Customers. Upon redemption of loyalty program points for Company-owned products and services, the stand-alone selling price of each product or service is allocated to the respective revenue type. For redemptions of points with third parties, the redemption amount is deducted from the loyalty program liability and paid directly to the third party. Any discounts received by the Company from the third party in connection with this transaction are recorded to other revenue in the Company’s consolidated statements of operations. The Company’s performance obligation related to its loyalty program is generally completed within one year, as participants’ points expire after thirteen months of no activity. After allocation to the other revenue types for products and services provided to patrons as part of a wagering contract, the residual amount is recorded to casino gaming revenue as soon as the wager is settled. As all wagers have similar characteristics, the Company accounts for its gaming contracts collectively on a portfolio basis. Gaming contracts are typically completed daily based on the outcome of the wagering transaction and include a distinct performance obligation to provide gaming activities. Revenue from leases is recorded to other revenue in the Company’s consolidated statements of operations and is generated from base rents through long-term leases with retail tenants. Base rent, adjusted for contractual escalations as applicable, is recognized on a straight-lined basis over the term of the related lease. Overage rent is paid by a tenant when its sales exceed an agreed upon minimum amount and is not recognized by the Company until the threshold is met. Food, beverage, and retail revenues are recorded at the time of sale. Room revenue is recorded at the time of occupancy. Sales taxes and surcharges collected from customers and remitted to governmental authorities are presented on a net basis. Contract and Contract Related Liabilities The Company provides numerous products and services to its customers. There is often a timing difference between the cash payment by the customers and recognition of revenue for each of the associated performance obligations. The Company generally has three types of liabilities related to contracts with customers: • Outstanding Chip Liability — The outstanding chip liability represents the collective amounts owed to customers in exchange for gaming chips in their possession. Outstanding chips are expected to be recognized as revenue or redeemed for cash within one year of being purchased. • Loyalty Program — The Company offers its True Rewards loyalty program at all ten of its casino properties, as well as at all of its branded taverns and other participating distributed gaming locations. Members of the Company’s True Rewards loyalty program earn points based on gaming activity and food and beverage purchases at the Company’s casino properties, branded taverns and participating distributed gaming locations. Loyalty points are redeemable for slot play, promotional table game chips, food and beverages and grocery gift cards. All points earned in the loyalty program roll up into a single account balance which is redeemable at over 140 participating locations. The Company records a liability based on the value of points earned, less an estimate for points not expected to be redeemed. This liability represents a deferral of revenue until such time as the participant redeems the points earned. Redemption history at the Company’s casinos and branded taverns is used to assist in the determination of the estimated accruals. Loyalty program points are expected to be redeemed and recognized as revenue within one year of being earned, since participants’ points expire after thirteen months of no activity. The True Rewards points accruals are included in current liabilities on the Company’s consolidated balance sheets. Changes in the program, increases in membership and changes in the redemption patterns of the participants can impact this liability. • Customer Deposits and Other — Customer deposits and other deferred revenue represent cash deposits made by customers for future non-gaming services to be provided by the Company. With the exception of tenant deposits, which are tied to the terms of the lease and typically extend beyond a year, the majority of these customer deposits and other deferred revenue are expected to be recognized as revenue or refunded to the customer within one year of the date the deposit was recorded. The following table summarizes the Company’s activity for contract and contract related liabilities: Outstanding Chip Liability Loyalty Program Customer Deposits and Other (In thousands) 2022 2021 2022 2021 2022 2021 Balance at January 1 $ 1,184 $ 997 $ 2,995 $ 3,969 $ 4,937 $ 3,497 Balance at December 31 (1) 1,312 1,308 2,861 3,250 5,119 5,656 Increase (decrease) $ 128 $ 311 $ (134) $ (719) $ 182 $ 2,159 (1) Balance at December 31, 2021 included $0.1 million, $0.3 million and $0.7 million in Outstanding Chip Liability, Loyalty Program and Customer Deposits and Other, respectively, related to assets held for sale. Such balances were excluded from 2022 amounts. Costs to Acquire a Contract with a Customer As part of the Company’s distributed gaming business, the Company incurs incremental costs to acquire customer contracts in the form of up-front fully recoverable consideration provided to a customer upon execution of the agreement. Such costs are recorded as other current and non-current assets in the Company’s consolidated balance sheets and are amortized over the term of the contract. The amount of costs to acquire customer contracts recorded by the Company was $7.3 million as of both December 31, 2022 and 2021. Gaming Taxes The Company’s casinos located in Nevada are subject to taxes based on gross gaming revenues and pay annual fees based on the number of slot machines and table games licensed during the year. Rocky Gap is subject to gaming taxes based on gross gaming revenues and also pays an annual flat tax based on the number of table games and video lottery terminals in operation during the year. The Company’s distributed gaming operations in Nevada are subject to taxes based on the Company’s share of non-restricted gross gaming revenue for those locations that have grandfathered rights to more than 15 slot machines for play, and/or annual and quarterly fees at all branded tavern and third-party distributed gaming locations. The Company’s distributed gaming operations in Montana are subject to taxes based on the Company’s share of gross gaming revenue. These gaming taxes are recorded as gaming expenses in the consolidated statements of operations. Total gaming taxes and licenses were $73.2 million, $72.2 million and $51.8 million for the years ended December 31, 2022, 2021 and 2020, respectively. Advertising Expenses The Company expenses advertising, marketing and promotional costs as incurred. Advertising costs included in selling, general and administrative expenses in the Company’s consolidated statements of operations were $12.2 million, $9.9 million and $6.9 million for the years ended December 31, 2022, 2021 and 2020, respectively. Share-Based Compensation Expense The Company has various share-based compensation programs, which provide for equity awards including stock options, time-based restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”). Share-based compensation expense is measured at the grant date, based on the estimated fair value of the award, and is recognized as expense, net of forfeitures, over the employee’s requisite service period. Compensation costs related to stock option awards are calculated based on the fair value of the award on the date of grant using the Black-Scholes option pricing model. For RSUs and PSUs, compensation expense is calculated based on the fair market value of the Company’s common stock on the date of grant. All of the Company’s share-based compensation expense is recorded in selling, general and administrative expenses in the consolidated statements of operations. Income Taxes The Company is subject to income taxes in the United States. Accounting standards require the recognition of deferred tax assets, net of applicable reserves, and liabilities for the estimated future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on the income tax provision and deferred tax assets and liabilities generally is recognized in the results of operations in the period that includes the enactment date. Accounting standards also require recognition of a future tax benefit to the extent that realization of such benefit is more likely than not; otherwise, a valuation allowance is applied. The Company’s income tax returns are subject to examination by the Internal Revenue Service and other tax authorities in the locations where it operates. The Company assesses potentially unfavorable outcomes of such examinations based on accounting standards for uncertain income taxes. The accounting standards prescribe a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Uncertain tax position accounting standards apply to all tax positions related to income taxes. These accounting standards utilize a two-step approach for evaluating tax positions. If a tax position, based on its technical merits, is deemed more likely than not to be sustained, then the tax benefit is measured as the largest amount of benefit that is more likely than not to be realized upon settlement. The Company records estimated penalties and interest related to income tax matters, including uncertain tax positions, if any, as a component of income tax expense. Net Income (Loss) per Share Basic net income (loss) per share is calculated by dividing net income (loss) 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. For the year ended December 31, 2022, diluted net income per share excluded the weighted average effect of 150,384 shares of common stock. No shares of common stock related to time-based and performance-based restricted stock units were anti-dilutive for the year ended December 31, 2021 and for the year ended December 31, 2020, the amount of potential common share equivalents excluded from the computation was 915,025. 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 ASC. 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. Management does not believe that any other recently issued accounting standards that are not yet effective are likely to have a material impact on the Company’s financial statements.

Assets Held for Sale

Assets Held for Sale	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Assets Held for Sale	Assets Held for Sale The Company classifies assets as held for sale when a sale is probable, is expected to be completed within one year, and the asset group meets all of the accounting criteria to be classified as held for sale. As discussed in “ Note 1 — Nature of Business ,” on August 24, 2022, the Company entered into definitive agreements to sell Rocky Gap. The Rocky Gap Transactions are expected to close in the second quarter of 2023, subject to satisfaction or waiver of customary regulatory approvals and closing conditions. As a result, the assets related to the Rocky Gap property were classified as held for sale as of September 30, 2022 and the Company ceased recording depreciation and amortization of the long-lived assets included in the sale from the date of execution of the definitive agreements. Operations of Rocky Gap have historically been represented in the Company’s Maryland Casino Resort reportable segment. The carrying amounts of the assets and liabilities held for sale in the Rocky Gap Transactions consisted of the following: (In thousands) December 31, 2022 ASSETS Current assets Cash and cash equivalents $ 5,145 Accounts receivables, net 2,354 Prepaid expenses 539 Inventories 548 Other 46 Total current assets held for sale 8,632 Property and equipment, net 23,877 Operating lease right-of-use assets, net 5,980 Intangible assets, net 1,064 Other assets 9 Total assets held for sale $ 39,562 LIABILITIES Current liabilities Current portion of finance leases $ 103 Current portion of operating leases 436 Accounts payable 1,195 Accrued payroll and related 1,071 Other accrued liabilities 1,972 Total current liabilities related to assets held for sale 4,777 Non-current finance leases 204 Non-current operating leases 5,206 Total liabilities related to assets held for sale $ 10,187 Rocky Gap generated revenues of $78.0 million, $78.2 million, and $51.6 million, and pretax income of $23.0 million, $22.2 million, and $10.1 million for the years ended December 31, 2022, 2021, and 2020, respectively.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment, net, consisted of the following: At December 31, (In thousands) 2022 2021 Land $ 125,240 $ 125,240 Building and improvements 923,157 937,759 Furniture and equipment 244,735 246,323 Construction in process 23,224 16,347 Property and equipment 1,316,356 1,325,669 Accumulated depreciation (475,625) (421,449) Property and equipment, net $ 840,731 $ 904,220 Depreciation expense for property and equipment, including finance leases, totaled $92.7 million, $98.6 million, and $103.4 million for the years ended December 31, 2022, 2021, and 2020, 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.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 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. Refer to “Note 2 — Summary of Significant Accounting Policies” for further information on the Company’s accounting policies related to its goodwill and intangible assets. Mandatory shut-down of the Company’s properties commencing in March 2020 that lasted for a majority of the second quarter of 2020 resulted in a deterioration in the performance of the Company’s casino properties in particular, which required the Company to revise its cash flow projections to reflect the then-current economic environment, including the uncertainty surrounding the nature, timing, and extent of elimination of or change to the restrictions on the Company’s operations. As a result, the Company conducted an interim qualitative and quantitative assessment of its goodwill and intangible assets for potential impairment in each quarter of 2020 and performed its annual quantitative test of goodwill and indefinite-lived intangible assets for potential impairment during the fourth quarter of 2020. The analyses performed by the Company throughout 2020 resulted in non-cash impairment charges recorded to the Company’s Nevada Casino Resorts goodwill and indefinite-lived trade names in the amount of $27.1 million and $6.9 million, respectively. Management determined that there were no new indicators of impairment for the years ended December 31, 2022 and 2021, and the Company concluded that there was no impairment of the Company’s goodwill and intangible assets as of December 31, 2022 and 2021. The estimated fair value of goodwill during the interim periods in 2021 and for the annual quantitative test in both 2021 and 2022 was determined using an income valuation approach utilizing discounted cash flow models. The annual quantitative test in 2020 was conducted using a combination of an income valuation approach utilizing discounted cash flow models and a market valuation approach. The market valuation approach considers comparable market data based on multiples of revenue or earnings before interest, taxes, depreciation and amortization. The income valuation approach conducted in 2020 utilized the following Level 3 inputs: discount rate of 12.0% - 13.5%; long-term revenue growth rate of 2.0% - 3.0%. The income valuation approach conducted in 2021 and 2022 utilized a discount rate of 13% and 13.5%, respectively, and long-term revenue growth rate of 2.5% in both periods. The estimated fair value of indefinite-lived intangible assets in 2020, 2021 and 2022 was determined using the income approach by applying the relief from royalty methodology using Level 3 inputs. For 2020, the Company applied a royalty rate of 0.75% to 2.0%, a discount rate of 12.0% to 13.5% and long-term revenue growth rate of 2.0% to 3.0%. For 2021, the Company utilized a royalty rate of 1.0% to 2.0%, a discount rate of 13.0% and a long-term revenue growth rate of 2.5%. For 2022, the Company utilized a royalty rate of 1.0% to 2.0%, a discount rate of 13.5% and a long-term revenue growth rate of 2.5%. The following table summarizes goodwill balances by reportable segment: (In thousands) Nevada Casino Resorts Nevada Locals Casinos Maryland Casino Resort Nevada Taverns Distributed Gaming Total Goodwill Balance, December 31, 2021 and 2022 $ 22,105 $ 38,187 $ — $ 20,459 $ 77,645 $ 158,396 Intangible assets, net, consisted of the following: At December 31, 2022 (In thousands) Useful Life (Years) Gross Carrying Cumulative 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 (41,743) — 39,362 Player relationships 2-14 42,990 (40,455) — 2,535 Non-compete agreements 2-5 9,840 (9,114) — 726 In-place lease value 4 1,170 (1,170) — — Leasehold interest 4 570 (570) — — Other 4-25 1,366 (1,237) — 129 137,041 (94,289) — 42,752 Balance, December 31, 2022 $ 190,731 $ (94,289) $ (6,890) $ 89,552 At December 31, 2021 (In thousands) Useful Life (Years) Gross Carrying Cumulative 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 $7.4 million, $8.1 million, and $21.0 million for the years ended December 31, 2022, 2021, and 2020, respectively. Estimated future amortization expense related to intangible assets is as follows: (In thousands) 2023 2024 2025 2026 2027 Thereafter Total (1) Estimated amortization expense $ 7,209 $ 6,313 $ 5,974 $ 5,869 $ 5,737 $ 11,650 $ 42,752 (1) The Company did not have intangible assets that were not placed in service as of December 31, 2022.

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consisted of the following: At December 31, (In thousands) 2022 2021 Gaming liabilities $ 10,952 $ 12,311 Accrued taxes, other than income taxes 9,291 9,035 Interest 6,036 6,168 Other accrued liabilities 5,027 5,549 Deposits 2,059 2,284 Total current accrued liabilities $ 33,365 $ 35,347

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt, net, consisted of the following: At December 31, (In thousands) 2022 2021 Term Loan $ 575,000 $ 650,000 2026 Unsecured Notes 335,461 375,000 Finance lease liabilities 2,157 3,005 Notes payable 90 602 Total long-term debt and finance leases 912,708 1,028,607 Unamortized discount (7,899) (11,689) Unamortized debt issuance costs (3,790) (5,392) Total long-term debt and finance leases after debt issuance costs and discount 901,019 1,011,526 Current portion of long-term debt and finance leases (555) (1,057) Long-term debt, net and finance leases $ 900,464 $ 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 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 December 31, 2022, the Company had $575 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 the full borrowing availability of $240 million under the Revolving Credit Facility was available to the Company. Interest and Fees Borrowings under the Credit Facility bear interest, at the Company’s option, at either (1) a base rate equal to the greatest of the federal funds rate plus 0.50%, the applicable administrative agent’s prime rate as announced from time to time, or the LIBOR rate for a one-month interest period plus 1.00%, subject to a floor of 1.75% (with respect to the term loan) or 1.00% (with respect to borrowings under the Revolving Credit Facility) or (2) the LIBOR rate for the applicable interest period, subject to a floor of 0.75% (with respect to the term loan only), plus in each case, an applicable margin. The applicable margin for the term loan under the Credit Facility is 2.00% for base rate loans and 3.00% for LIBOR rate loans. The applicable margin for borrowings under the Revolving Credit Facility ranges from 1.50% to 2.00% for base rate loans and 2.50% to 3.00% for LIBOR rate loans, based on the Company’s net leverage ratio. The commitment fee for the Revolving Credit Facility is payable quarterly at a rate of 0.375% or 0.50%, depending on the Company’s net leverage ratio, and is accrued based on the average daily unused amount of the available revolving commitment. The weighted-average effective interest rate on the Company’s outstanding borrowings under the Credit Facility was approximately 4.85% for the year ended December 31, 2022. Optional and Mandatory Prepayments and Related Loss on Debt Extinguishment and Modification The Term Loan is repayable in 27 quarterly installments of $2 million each, which commenced in March 2018, followed by a final installment of $746 million at maturity. In April 2019, the Company made a $18 million prepayment of the Term Loan under the Credit Facility with the proceeds from the issuance of the Company’s 7.625% Senior Notes due 2026 (the “2026 Unsecured Notes”). During 2019, the Company recognized a $5.5 million loss on extinguishment of debt and $3.7 million of expense related to modification of debt, related to the repayment of the Company’s former second lien term loan discussed below and $18 million prepayment. During the years ended December 31, 2022 and 2021, the Company prepaid $75 million and $122 million, respectively, of principal under the Term Loan, thereby eliminating the requirement to make any further quarterly installment payments, prior to maturity. As of December 31, 2022, t he final installment payment due at the maturity date of October 20, 2024 is $575 million . The Company recorded non-cash charges in the amounts of $0.5 million and $1.0 million for the accelerated amortization of the debt issuance costs and discount related to the prepayments of the Term Loan for the years ended December 31, 2022 and 2021, respectively. Guarantees and Collateral Borrowings under the Credit Facility are guaranteed by each of the Company’s existing and future wholly-owned domestic subsidiaries (other than certain insignificant or unrestricted subsidiaries) and are secured by substantially all of the present and future assets of the Company and its subsidiary guarantors (subject to of certain exceptions). Financial and Other Covenants Under the Credit Facility, the Company and its restricted subsidiaries are subject to certain limitations, including limitations on their respective ability to: incur additional debt, grant liens, sell assets, make certain investments, pay dividends and make certain other restricted payments. In addition, the Company will be required to pay down the term loan under the Credit Facility under certain circumstances if the Company or its restricted subsidiaries issue debt, sell assets, receive certain extraordinary receipts or generate excess cash flow (subject to exceptions). The Credit Facility contains a financial covenant regarding a maximum net leverage ratio that applies when borrowings under the Revolving Credit Facility exceed 30% of the total revolving commitment. The Credit Facility also prohibits the occurrence of a change of control, which includes the acquisition of beneficial ownership of 50% or more of the Company’s capital stock (other than by certain permitted holders, which include, among others, Blake L. Sartini, Lyle A. Berman, and certain affiliated entities). If the Company defaults under the Credit Facility due to a covenant breach or otherwise, the lenders may be entitled to, among other things, require the immediate repayment of all outstanding amounts and sell the Company’s assets to satisfy the obligations thereunder. The Company was in compliance with its financial covenants under the Credit Facility as of December 31, 2022. Senior Unsecured Notes On April 15, 2019, the Company issued $375 million in principal amount of 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. In connection with the issuance of the 2026 Unsecured Notes, the Company incurred $6.7 million in debt financing costs and fees that have been deferred and are being amortized over the term of the 2026 Unsecured Notes using the effective interest method. The net proceeds of the 2026 Unsecured Notes were used to (i) repay the Company’s former $200 million second lien term loan, (ii) repay outstanding borrowings under the Revolving Credit Facility, (iii) repay $18 million of the outstanding Term Loan indebtedness under the Credit Facility, and (iv) pay accrued interest, fees and expenses related to each of the foregoing. During the year ended December 31, 2022, the Company repurchased $39.5 million in principal amount of 2026 Unsecured Notes in open market transactions, thereby reducing the final payment due at maturity to $335.5 million. The Company recorded a non-cash charge in the amount of $1.1 million for the accelerated amortization of the debt issuance costs and discount related to the repurchase of 2026 Unsecured Notes. Optional Prepayments The 2026 Unsecured Notes may be redeemed, in whole or in part, at any time during the 12 months beginning on April 15, 2022 at a redemption price of 103.813%, during the 12 months beginning on April 15, 2023 at a redemption price of 101.906%, and at any time on or after April 15, 2024 at a redemption price of 100%, in each case plus accrued and unpaid interest, if any, thereon to the redemption date. Financial and Other Covenants The 2026 Unsecured Notes are guaranteed on a senior unsecured basis by each of the Company’s existing and future wholly-owned domestic subsidiaries that guarantees the Credit Facility. The 2026 Unsecured Notes are the Company and its subsidiary guarantors’ general senior unsecured obligations and rank equally in right of payment with all of the Company’s respective existing and future unsecured unsubordinated debt. The 2026 Unsecured Notes are effectively junior in right of payment to the Company and its subsidiary guarantors’ existing and future secured debt, including under the Credit Facility (to the extent of the value of the assets securing such debt), are structurally subordinated to all existing and future liabilities (including trade payables) of any of the Company’s subsidiaries that do not guarantee the 2026 Unsecured Notes, and are senior in right of payment to all of the Company and its subsidiary guarantors’ existing and future subordinated indebtedness. Under the Indenture, the Company and its restricted subsidiaries are subject to certain limitations, including limitations on their respective ability to: incur additional debt. grant liens, sell assets, make certain investments, pay dividends and make certain other restricted payments. In the event of a change of control (which includes the acquisition of more than 50% of the Company’s capital stock, other than by certain permitted holders, which include, among others, Blake L. Sartini, Lyle A. Berman, and certain affiliated entities), each holder will have the right to require the Company to repurchase all or any part of such holder’s 2026 Unsecured Notes at a purchase price in cash equal to 101% of the aggregate principal amount of the 2026 Unsecured Notes repurchased, plus accrued and unpaid interest, if any, to the date of purchase. Derivative Instruments In November 2017, the Company entered into an interest rate cap agreement (the “Interest Rate Cap”) with a notional value of $650 million for a cash payment of $3.1 million. The Interest Rate Cap established a range whereby the counterparty would pay the Company if one-month LIBOR exceeds the ceiling rate of 2.25%. The Interest Rate Cap settled monthly commencing in January 2018 through its expiration on December 31, 2020. No payments or receipts were required to be exchanged on the Interest Rate Cap unless interest rates rose above the pre-determined ceiling rate. The estimated fair value of the Company’s Interest Rate Cap was derived from a market price obtained from a dealer quote. Such quote represents the estimated amount the Company would receive to terminate the contract. Scheduled Principal Payments of Long-Term Debt The scheduled principal payments due on long-term debt are as follows (in thousands): Year Ending December 31, Amount 2023 $ 555 2024 575,158 2025 133 2026 137 2027 335,616 Thereafter 1,109 Total outstanding principal of long-term debt $ 912,708

Shareholders_ Equity and Stock

Shareholders’ Equity and Stock Incentive Plans	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Shareholders’ Equity and Stock Incentive Plans	Shareholders’ Equity and Stock Incentive Plans Share Repurchase Program On August 3, 2021, the Company’s Board of Directors authorized a share repurchase program of $50 million, which was re-authorized on May 3, 2022 and subsequently increased to $75 million on November 1, 2022. 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. As of December 31, 2022, the Company had $61.5 million of remaining share repurchase availability under its November 1, 2022 authorization. The following table includes the Company’s share repurchase activity: Year Ended December 31, 2022 2021 2020 (In thousands, except per share data) Shares repurchased (1) 1,113 227 50 Total cost, including brokerage fees $ 51,202 $ 10,616 $ 950 Average repurchase price per share (2) $ 46.01 $ 46.87 $ 19.00 (1) All repurchased shares were retired and constitute authorized but unissued shares. (2) Figures in the table may not recalculate exactly due to rounding. Average repurchase price per share is calculated based on unrounded numbers. Stock Incentive Plans On August 27, 2015, the Board of Directors of the Company approved the Golden Entertainment, Inc. 2015 Incentive Award Plan (the “2015 Plan”), which was approved by the Company’s shareholders at the Company’s 2016 annual meeting. The 2015 Plan authorizes the issuance of stock options, restricted stock, restricted stock units, dividend equivalents, stock payment awards, stock appreciation rights, performance bonus awards and other incentive awards. The 2015 Plan authorizes the grant of awards to employees, non-employee directors and consultants of the Company and its subsidiaries. Options generally have a ten-year term. Except as provided in any employment agreement between the Company and the employee, if an employee is terminated, any unvested options will be forfeited. The maximum number of shares of the Company’s common stock for which grants may be made under the 2015 Plan is 2.25 million shares, plus an annual increase on January 1 st of each year during the ten-year term of the 2015 Plan equal to the lesser of 1.8 million shares, 4% of the total shares of the Company’s common stock outstanding (on an as-converted basis) and such smaller amount as may be determined by the Board of Directors in its sole discretion. The annual increase on January 1, 2022 was 1,153,210 shares. In addition, the maximum aggregate number of shares of common stock that may be subject to awards granted to any one participant during a calendar year is 2.0 million shares. As of December 31, 2022, a total of 3,135,469 shares of the Company’s common stock remained available for grants of awards under the 2015 Plan. Stock Options The following table summarizes the Company’s stock option activity: Stock Options Outstanding Weighted-Average Remaining Term (in years) Weighted-Average Exercise Price Aggregate Intrinsic Value (in thousands) Outstanding at January 1, 2020 3,126,521 6.1 $ 11.61 Granted — $ — Exercised (84,875) $ 3.88 Cancelled (2,292) $ 13.50 Expired (148,013) $ 26.61 Outstanding at December 31, 2020 2,891,341 5.5 $ 11.07 $ 25,520 Granted — $ — Exercised (749,847) $ 10.39 Cancelled — $ — Expired — $ — Outstanding at December 31, 2021 2,141,494 4.5 $ 11.31 $ 83,992 Granted — $ — Exercised (69,500) $ 9.94 Cancelled — $ — Expired — $ — Outstanding at December 31, 2022 2,071,994 3.5 $ 11.35 $ 53,966 Exercisable at December 31, 2020 2,854,813 5.5 $ 11.04 $ 25,286 Exercisable at December 31, 2021 2,141,494 4.5 $ 11.31 $ 83,992 Exercisable at December 31, 2022 2,071,994 3.5 $ 11.35 $ 53,966 The total intrinsic value of stock options exercised was $2.6 million, $26.1 million, and $1.3 million for the years ended December 31, 2022, 2021, and 2020, respectively. The Company has not granted any stock options since 2017 and the cash received from stock options exercised during the year ended December 31, 2022 was less than $0.1 million. The Company issues new shares of common stock upon exercise of stock options. The Company uses the Black-Scholes option pricing model to estimate the fair value and compensation cost associated with employee incentive stock options, which requires the consideration of historical employee exercise behavior data and the use of a number of assumptions including volatility of the Company’s stock price, the weighted-average risk-free interest rate and the weighted-average expected life of the options. The Company’s determination of fair value of share-based option awards on the date of grant using the Black-Scholes option pricing model is affected by the following assumptions regarding complex and subjective variables. Any changes in these assumptions may materially affect the estimated fair value of the share-based award. • Expected dividend yield — As the Company has not historically paid dividends, with the exception of the Special Dividend, the dividend rate variable used in the Black-Scholes model is zero. • Risk-free interest rate — The risk-free interest rate assumption is based on the U.S. Treasury yield curve in effect at the time of grant and with maturities consistent with the expected term of options. • Expected term — The expected term of employee stock options represents the weighted-average period that the stock options are expected to remain outstanding. It is based upon the Company’s experience as to the average historical term of option grants that were exercised, canceled or forfeited. Management believes historical data is reasonably representative of future exercise behavior. • Expected volatility — The volatility assumption is based on the historical actual volatility of the Company’s stock. Management concluded there were no factors identified which were unusual and which would distort the volatility figure if used to estimate future volatility. Future volatility may be substantially less or greater than expected volatility. RSUs and PSUs Executive officers of the Company receive long-term incentive equity awards in a combination of RSUs and PSUs, issued under the 2015 Plan. The number of PSUs that will be eligible to vest with respect to these PSU awards will be determined based on the Company’s attainment of performance goals set by the Compensation Committee. Following the one two one The following table summarizes the Company’s RSU activity: RSUs Shares Weighted- Total Fair Value of Shares Vested (in thousands) Outstanding at January 1, 2020 661,258 $ 16.44 Granted 624,415 $ 9.65 Vested (308,222) $ 16.06 $ 3,336 Cancelled (33,494) $ 16.58 Outstanding at December 31, 2020 943,957 $ 12.06 Granted 318,356 $ 31.46 Vested (426,770) $ 14.20 $ 14,203 Cancelled (20,123) $ 26.08 Outstanding at December 31, 2021 815,420 $ 18.17 Granted 123,970 $ 51.86 Vested (363,450) $ 17.78 $ 18,963 Cancelled (28,269) $ 17.63 Outstanding at December 31, 2022 547,671 $ 26.09 The following table summarizes the Company’s PSU activity: PSUs Shares (1) Weighted- Total Fair Value of Shares Vested (in thousands) Outstanding at January 1, 2020 376,328 $ 20.65 Granted 404,880 $ 8.86 Vested (5,254) (2) $ 28.72 $ 47 Cancelled (32,235) (2) $ 28.72 Outstanding at December 31, 2020 743,719 $ 13.82 Granted 129,503 $ 29.00 Vested (89,920) (2) (3) $ 25.73 $ 2,608 Cancelled (77,725) (2) (3) $ 25.23 Outstanding at December 31, 2021 705,577 (4) $ 13.84 Granted 83,579 $ 53.51 Performance certification 534,383 (5) $ — Vested (247,380) (6) $ 12.51 $ 13,030 Cancelled — $ — Outstanding at December 31, 2022 1,076,159 $ 17.17 (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) During the first quarter of 2020, the Company’s financial results for the performance goals applicable to the PSUs granted in March 2018 were certified, which resulted in the reduction of the PSUs granted in 2018 to the number of PSUs eligible to vest from 108,957 to 76,722 shares (with the 32,235 share adjustment shown in the table above as “Cancelled”), 5,254 of which shares vested in March 2020 and 71,468 of which shares vested in March 2021. (3) 62,791 of the 77,725 PSUs cancelled during the year ended December 31, 2021 related to PSUs granted in November 2017, for which applicable performance goals were not met. 14,934 of the 77,725 PSUs cancelled during the period related to PSUs granted in March 2019 (the “2019 PSU Awards”). The Company’s financial results for the applicable performance goals were certified in March 2021, which resulted in the reduction of the shares subject to the 2019 PSU Awards from 204,580 to 189,646. In addition, 18,452 of the shares under the 2019 PSU Awards vested during the first quarter of 2021 . (4) 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 in March 2022. Also includes PSUs granted in March 2020 and March 2021 at “target.” (5) 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.” Includes 38,093 incremental shares issued in March 2022 in connection with vesting of PSUs granted in March 2020 due to such award “earned” at 200% of the “target.” The remaining PSUs granted in March 2020 and March 2021 will be eligible to vest on March 14, 2023 and 2024, respectively. (6) Comprises 171,194 shares of PSUs granted in March 2019 and 76,186 shares of PSUs granted in March 2020 that vested in March 2022. Share-Based Compensation The following table summarizes share-based compensation costs by award type: Year Ended December 31, (In thousands) 2022 2021 2020 Stock options $ — $ 191 $ 1,919 RSUs 6,900 6,867 5,264 PSUs 5,980 6,786 2,342 Total share-based compensation costs $ 12,880 $ 13,844 $ 9,525

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax provision (benefit) is summarized as follows: Year Ended December 31, (In thousands) 2022 2021 2020 Current: Federal $ 13,877 $ — $ (371) State 274 95 — Total current tax provision (benefit) $ 14,151 $ 95 $ (371) Deferred: Federal $ (13,462) $ 325 $ 430 State (168) 16 2 Total deferred tax (benefit) provision (13,630) 341 432 Income tax provision $ 521 $ 436 $ 61 Reconciliation of the statutory federal income tax rate to the Company’s actual rate based on income (loss) before income tax provision (benefit) is summarized below: Year Ended December 31, 2022 2021 2020 Statutory federal tax rate 21.00 % 21.00 % 21.00 % State income taxes, net of federal income taxes 0.62 1.41 0.89 Permanent tax differences – stock compensation (6.31) (3.93) (0.43) Permanent tax differences – business meals 0.44 0.23 (0.07) Permanent tax differences – executive compensation and other 9.27 2.13 (0.86) Change in valuation allowance (23.99) (19.69) (19.09) FICA credit generated (1.09) (0.28) 0.33 Change in tax rate and apportionment (0.26) (0.03) 0.11 Deferred only adjustment to beginning deferred balances 0.95 (0.57) (1.92) Effective tax rate 0.63 % 0.27 % (0.04) % The Company’s current and non-current deferred tax assets (liabilities) are comprised of the following: December 31, (In thousands) 2022 2021 Deferred tax assets: Accruals and reserves $ 6,350 $ 7,688 Share-based compensation expense 966 5,781 General business credit carryforward — 489 State tax credits 3,867 4,192 Net operating loss carryforwards 753 6,076 Operating lease obligation 36,483 41,877 Depreciation of fixed assets 6,532 4,875 Other 493 545 55,444 71,523 Valuation allowances (5,680) (30,783) $ 49,764 $ 40,740 Deferred tax liabilities: Prepaid services $ (2,116) $ (3,282) Amortization of intangible assets (2,895) (941) Right-of-use assets (32,984) (38,378) (37,995) (42,601) Net deferred tax assets (liabilities) $ 11,769 $ (1,861) Non-current deferred tax assets $ 11,822 $ — Non-current deferred tax liabilities (53) (1,861) Net deferred tax assets (liabilities) $ 11,769 $ (1,861) Deferred tax assets are evaluated by considering historical levels of income, estimates of future taxable income and the impact of tax planning strategies. The Company’s financial results for the year ended December 31, 2022 include a net decrease in valuation allowance of $25.1 million. During the first quarter of 2022, the Company concluded that it was more likely than not that the Company would generate sufficient taxable income within the applicable net operating loss carry-forward periods to realize a portion of its deferred tax assets, which resulted in a partial reversal of the deferred tax asset valuation allowance. As of December 31, 2022, the Company had $70.5 million of Maryland net operating loss carryforwards (“NOLs”), which do not expire. These net operating losses have the potential to be used to offset future ordinary taxable income and reduce future cash tax liabilities. Additionally, the Company had deferred tax assets of $3.9 million related to Maryland tax credits. The Maryland credit carryforward begins to expire in 2029. Maryland NOLs and credits have been reduced by a full valuation allowance. As of December 31, 2022, the Company’s 2017 and 2018 federal tax returns were under audit by the IRS. As of December 31, 2022, the Company had no material uncertain tax positions.

Employee Retirement and Benefit

Employee Retirement and Benefit Plans	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Retirement Plans	Employee Retirement and Benefit Plans Defined contribution employee savings plans The Company’s qualified defined contribution employee savings plan allows eligible participants to defer, within prescribed limits, up to 75% of their income on a pre-tax basis through a portion of their salary and accumulate tax-deferred earnings as a retirement fund. The Company contributed $0.5 million, $0.4 million, and $0.6 million for the years ended December 31, 2022, 2021, and 2020, respectively, to its defined contribution employee savings plan. The Company’s contributions vest over a five-year period. Pension plans As of December 31, 2022, over 1,700 of the Company’s employees were members of various unions and covered by union- sponsored, collectively bargained, multiemployer health and welfare and defined benefit pension plans. The Company recorded $11.2 million, $9.1 million, and $7.1 million in expenses for these plans for the years ended December 31, 2022, 2021, and 2020, respectively. The Company has no obligation to fund the plans beyond payments made based upon hours worked. The risks of participating in multiemployer plans are different from single-employer plans, including in the following aspects: • Assets contributed to multiemployer plans by one employer may be used to provide benefits to employees of other participating employers; • If a participating employer stops contributing to a multiemployer plan, the unfunded obligations of the multiemployer plan may be required to be borne by the remaining participating employers; and • If an entity chooses to stop participating in some of its multiemployer plans, the entity may be required to pay those plans an amount based on the underfunded status of those plans, referred to as a “withdrawal liability.” The Company considers the following multiemployer pension plans to be significant: Pension Protection Zone Status (1) FIR/RP Status Pending/Implemented Surcharge Imposed Expiration Date Of Collective- Multiemployer Pension Plans EIN/Plan Number 2021 2020 Central Pension Fund of the IUOE and Participating Employers 36-6052390-001 Green Green No No 3/31/2022 (2) Southern Nevada Culinary and Bartenders Pension Plan 88-6016617-001 Green Green No No 5/31/2023 (1) The Pension Protection Act of 2006 requires plans that are certified as endangered (yellow) or critical (red) to develop and implement a funding improvement plan. (2) The Company is in the process of negotiating an extension to this collective-bargaining agreement following its expiration. The Company’s cash contributions to each multiemployer pension and benefit plans are as follows: December 31, (In thousands) 2022 2021 2020 Multiemployer pension plans Central Pension Fund of the IUOE and Participating Employers $ 691 $ 637 $ 545 Southern Nevada Culinary and Bartenders Pension Plan 2,054 1,645 1,356 Other pension plans 168 146 142 Total contributions $ 2,913 $ 2,428 $ 2,043 Multiemployer benefit plans (excluding pension plans) HEREIU Welfare Fund $ 8,007 $ 6,353 $ 5,216 All other 7 — 3 Total contributions $ 8,014 $ 6,353 $ 5,219 For the 2021 plan year, the latest period for which plan data is available, the Company made less than 5% of total contributions for all multiemployer pension plans to which the Company contributes.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	12 Months Ended
	Dec. 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, other current assets 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: December 31, 2022 (In thousands) Carrying Amount Fair Value Fair Value Hierarchy Term Loan $ 575,000 $ 575,000 Level 2 2026 Unsecured Notes 335,461 330,630 Level 2 Finance lease liabilities 2,157 2,157 Level 3 Notes payable 90 90 Level 3 Total debt $ 912,708 $ 907,877 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 December 31, 2022 and 2021. The finance lease liabilities and notes payable are fixed-rate debt, are not traded and do not have observable market inputs, therefore, the fair value is estimated to be equal to the carrying value.

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	Leases Company as Lessee The Company is a lessee under non-cancelable operating and finance leases for offices, taverns, land, vehicles, slot machines and equipment. In addition, slot placement contracts in the form of space lease agreements at chain stores are accounted for as operating leases. Under chain store space lease agreements, the Company pays fixed monthly rental fees for the right to install, maintain and operate its slot machines at business locations, which are recorded in gaming expenses. The Company’s slot machine lease agreements with gaming equipment manufacturers are short-term in nature with the majority of such leases being under variable rent structure, with amounts determined based on the performance of the leased machines. Certain other short-term slot machine lease agreements are under fixed fee payment structure. The leases have remaining lease terms of less than 1 year to 75 years, some of which include options to extend the leases for an additional 1 to 25 years. Some equipment leases and space lease agreements include options to terminate the lease with 60 days to 1 year notice. The Company assesses the options to extend or terminate the lease using a threshold of reasonably certain. For leases the Company is reasonably certain to renew, those option periods are included within the lease term and, therefore, the measurement of the ROU asset and lease liability. The Company’s lease agreements for land, buildings and taverns with lease and non-lease components are accounted for separately. The lease and non-lease components of certain vehicle and equipment leases are accounted for as a single lease component. The Company’s lease agreements do not contain any material residual value guarantees, restrictions or covenants. Lease expense for arrangements with a fixed fee payment structure is recognized on a straight-line basis over the lease term. Lease expense for arrangements under a variable rent structure is recognized in the period in which the obligation for the payment is incurred. The Company historically leased its office headquarters building and leases the office space in a building adjacent to the Company’s office headquarters building from a related party. Refer to “Note 1 4 — Related Party Transactions” for more detail. The current and non-current obligations under finance leases are included in “ Current portion of long-term debt and finance leases Long-term debt, net and non-current finance leases The components of lease expense were as follows: Year Ended December 31, (In thousands) Classification 2022 2021 Operating lease cost Operating lease cost Operating and SG&A expenses $ 55,907 $ 54,131 Variable lease cost Operating and SG&A expenses 17,943 20,449 Short-term lease cost Operating and SG&A expenses 4,796 4,862 Total operating lease cost $ 78,646 $ 79,442 Finance lease cost Amortization of leased assets Depreciation and amortization $ 934 $ 1,693 Interest on lease liabilities Interest expense, net 114 300 Total finance lease cost $ 1,048 $ 1,993 Supplemental cash flow information related to leases was as follows: Year Ended December 31, (In thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used under operating lease agreements $ 55,846 $ 53,527 Operating cash flows used under finance lease agreements 109 293 Financing cash flows used under finance lease agreements 541 6,179 Supplemental balance sheet information related to leases was as follows: December 31, (In thousands) 2022 2021 Operating leases Operating lease right-of-use assets, gross $ 193,565 $ 221,732 Accumulated amortization (45,672) (42,481) Operating lease right-of-use assets, net $ 147,893 $ 179,251 Current portion of operating leases $ 42,200 $ 40,151 Non-current operating leases 121,979 155,098 Total operating lease liabilities $ 164,179 $ 195,249 Finance leases Property and equipment, gross $ 5,719 $ 6,278 Accumulated depreciation (3,341) (2,407) Property and equipment, net $ 2,378 $ 3,871 Current portion of finance leases $ 465 $ 546 Non-current finance leases 1,692 2,459 Total finance lease liabilities $ 2,157 $ 3,005 The following presents additional information related to the Company’s leases as of December 31, 2022: December 31, 2022 2021 Weighted Average Remaining Lease Term Operating leases 7.5 years 7.8 years Finance leases 18.0 years 16.4 years Weighted Average Discount Rate Operating leases 5.9 % 5.7 % Finance leases 6.4 % 6.1 % Maturities of Lease Liabilities As of December 31, 2022, maturities of lease liabilities were as follows: (In thousands) Operating Leases Finance Leases Total 2023 $ 50,372 $ 521 $ 50,893 2024 43,268 227 43,495 2025 26,378 200 26,578 2026 16,933 200 17,133 2027 12,755 214 12,969 Thereafter 54,674 3,213 57,887 Total lease payments 204,380 4,575 208,955 Amount of interest (40,201) (2,418) (42,619) Present value of lease liabilities $ 164,179 $ 2,157 $ 166,336 As of December 31, 2022, the Company did not have any leases that have not yet commenced but that create significant rights and obligations. Company as Lessor The Company leases space to third-party tenants under operating leases primarily for retail and food and beverage outlets within its casino properties. Golden also enters into operating lease agreements with certain equipment providers for placement of amusement devices, gaming machines and automated teller machines within its casino properties and branded taverns. The leases have remaining lease terms of 1 to 10 years, some of which include options to extend the leases for an additional 1 to 15 years. Lease payments from tenants generally include minimum base rent, adjusted for contractual escalations as applicable, and/or contingent rental clauses based on a percentage of net sales exceeding minimum base rent. The Company records revenue on a straight-line basis over the term of the lease and recognizes revenue for contingent rentals when the contingency has been resolved. The Company combines lease and non-lease components for the purpose of measuring lease revenue, which is recorded in “Other revenue” in the Company’s consolidated statements of operations. Minimum and contingent operating lease income was as follows: Year Ended December 31, (In thousands) 2022 2021 2020 Minimum rental income $ 7,380 $ 6,041 $ 3,913 Contingent rental income 4,071 3,169 1,840 Total rental income $ 11,451 $ 9,210 $ 5,753 Future minimum rent payments to be received under operating leases are as follows (in thousands): Year Ending December 31, Amount 2023 $ 5,025 2024 4,913 2025 4,875 2026 4,072 2027 1,173 Thereafter 1,371 Total future minimum rent payments $ 21,429
Leases	Leases Company as Lessee The Company is a lessee under non-cancelable operating and finance leases for offices, taverns, land, vehicles, slot machines and equipment. In addition, slot placement contracts in the form of space lease agreements at chain stores are accounted for as operating leases. Under chain store space lease agreements, the Company pays fixed monthly rental fees for the right to install, maintain and operate its slot machines at business locations, which are recorded in gaming expenses. The Company’s slot machine lease agreements with gaming equipment manufacturers are short-term in nature with the majority of such leases being under variable rent structure, with amounts determined based on the performance of the leased machines. Certain other short-term slot machine lease agreements are under fixed fee payment structure. The leases have remaining lease terms of less than 1 year to 75 years, some of which include options to extend the leases for an additional 1 to 25 years. Some equipment leases and space lease agreements include options to terminate the lease with 60 days to 1 year notice. The Company assesses the options to extend or terminate the lease using a threshold of reasonably certain. For leases the Company is reasonably certain to renew, those option periods are included within the lease term and, therefore, the measurement of the ROU asset and lease liability. The Company’s lease agreements for land, buildings and taverns with lease and non-lease components are accounted for separately. The lease and non-lease components of certain vehicle and equipment leases are accounted for as a single lease component. The Company’s lease agreements do not contain any material residual value guarantees, restrictions or covenants. Lease expense for arrangements with a fixed fee payment structure is recognized on a straight-line basis over the lease term. Lease expense for arrangements under a variable rent structure is recognized in the period in which the obligation for the payment is incurred. The Company historically leased its office headquarters building and leases the office space in a building adjacent to the Company’s office headquarters building from a related party. Refer to “Note 1 4 — Related Party Transactions” for more detail. The current and non-current obligations under finance leases are included in “ Current portion of long-term debt and finance leases Long-term debt, net and non-current finance leases The components of lease expense were as follows: Year Ended December 31, (In thousands) Classification 2022 2021 Operating lease cost Operating lease cost Operating and SG&A expenses $ 55,907 $ 54,131 Variable lease cost Operating and SG&A expenses 17,943 20,449 Short-term lease cost Operating and SG&A expenses 4,796 4,862 Total operating lease cost $ 78,646 $ 79,442 Finance lease cost Amortization of leased assets Depreciation and amortization $ 934 $ 1,693 Interest on lease liabilities Interest expense, net 114 300 Total finance lease cost $ 1,048 $ 1,993 Supplemental cash flow information related to leases was as follows: Year Ended December 31, (In thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used under operating lease agreements $ 55,846 $ 53,527 Operating cash flows used under finance lease agreements 109 293 Financing cash flows used under finance lease agreements 541 6,179 Supplemental balance sheet information related to leases was as follows: December 31, (In thousands) 2022 2021 Operating leases Operating lease right-of-use assets, gross $ 193,565 $ 221,732 Accumulated amortization (45,672) (42,481) Operating lease right-of-use assets, net $ 147,893 $ 179,251 Current portion of operating leases $ 42,200 $ 40,151 Non-current operating leases 121,979 155,098 Total operating lease liabilities $ 164,179 $ 195,249 Finance leases Property and equipment, gross $ 5,719 $ 6,278 Accumulated depreciation (3,341) (2,407) Property and equipment, net $ 2,378 $ 3,871 Current portion of finance leases $ 465 $ 546 Non-current finance leases 1,692 2,459 Total finance lease liabilities $ 2,157 $ 3,005 The following presents additional information related to the Company’s leases as of December 31, 2022: December 31, 2022 2021 Weighted Average Remaining Lease Term Operating leases 7.5 years 7.8 years Finance leases 18.0 years 16.4 years Weighted Average Discount Rate Operating leases 5.9 % 5.7 % Finance leases 6.4 % 6.1 % Maturities of Lease Liabilities As of December 31, 2022, maturities of lease liabilities were as follows: (In thousands) Operating Leases Finance Leases Total 2023 $ 50,372 $ 521 $ 50,893 2024 43,268 227 43,495 2025 26,378 200 26,578 2026 16,933 200 17,133 2027 12,755 214 12,969 Thereafter 54,674 3,213 57,887 Total lease payments 204,380 4,575 208,955 Amount of interest (40,201) (2,418) (42,619) Present value of lease liabilities $ 164,179 $ 2,157 $ 166,336 As of December 31, 2022, the Company did not have any leases that have not yet commenced but that create significant rights and obligations. Company as Lessor The Company leases space to third-party tenants under operating leases primarily for retail and food and beverage outlets within its casino properties. Golden also enters into operating lease agreements with certain equipment providers for placement of amusement devices, gaming machines and automated teller machines within its casino properties and branded taverns. The leases have remaining lease terms of 1 to 10 years, some of which include options to extend the leases for an additional 1 to 15 years. Lease payments from tenants generally include minimum base rent, adjusted for contractual escalations as applicable, and/or contingent rental clauses based on a percentage of net sales exceeding minimum base rent. The Company records revenue on a straight-line basis over the term of the lease and recognizes revenue for contingent rentals when the contingency has been resolved. The Company combines lease and non-lease components for the purpose of measuring lease revenue, which is recorded in “Other revenue” in the Company’s consolidated statements of operations. Minimum and contingent operating lease income was as follows: Year Ended December 31, (In thousands) 2022 2021 2020 Minimum rental income $ 7,380 $ 6,041 $ 3,913 Contingent rental income 4,071 3,169 1,840 Total rental income $ 11,451 $ 9,210 $ 5,753 Future minimum rent payments to be received under operating leases are as follows (in thousands): Year Ending December 31, Amount 2023 $ 5,025 2024 4,913 2025 4,875 2026 4,072 2027 1,173 Thereafter 1,371 Total future minimum rent payments $ 21,429

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Participation Agreements In addition to the space lease agreements described in “Note 12 — Leases” and “Note 2 — Summary of Significant Accounting Policies,” the Company enters into 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 $215.0 million, $211.5 million, and $133.2 million for the years ended December 31, 2022, 2021, and 2020, respectively. For the year ended December 31, 2020, such contingent payments also included $0.7 million incurred in related party agreements described in “Note 14 — Related Party Transactions.” Collective Bargaining Agreements As of December 31, 2022 the Company had over 6,400 employees, of which over 1,700 were covered by various collective bargaining agreements. The Company’s collective bargaining agreements expire between 2023 and 2024 (with some having expired in 2022 with extensions being negotiated). There can be no assurance that, upon the expiration of existing collective bargaining agreements, new agreements will be reached without union action or that any such new agreements will be on terms satisfactory to the Company. Employment Agreements The Company has entered into at-will employment agreements with certain of the Company’s executive officers. Under each employment agreement, in addition to the executive’s annual base salary, the executive is entitled to participate in the Company’s incentive compensation programs applicable to executive officers of the Company. The executive officers are also eligible to participate in all health benefits, insurance programs, pension and retirement plans and other employee benefit and compensation arrangements. Each executive officer is also provided with other benefits as set forth in his employment agreement. In the event of a termination without “cause” or a “constructive termination” of the Company’s executive officers (as defined in their respective employment agreements), the Company could be liable for estimated severance payments of up to $4.8 million for Blake L. Sartini, $3.2 million for Charles H. Protell, $2.6 million for Stephen A. Arcana, and $1.0 million for Blake L. Sartini II (assuming each officer’s respective annual salary and health benefit costs as of December 31, 2022, subject to amounts in effect at the time of termination and excluding potential expense related to acceleration of stock options, RSUs and PSUs). 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.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 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 for the period in which the location was leased from a related party was $0.5 million and $1.6 million for the years ended December 31, 2021 and 2020, respectively. Additionally, a portion of the office headquarters building was sublet to Sartini Enterprises, Inc., a company controlled by Mr. Sartini. Rental income during each of the years ended December 31, 2022, 2021, and 2020 for the sublet portion of the office headquarters building was less than $0.1 million. No amount was owed to the Company under such sublease as of December 31, 2022 and 2021. In addition, the Company and Sartini Enterprises, Inc. participate in certain cost-sharing arrangements. No amount was owed by the Company under such arrangements as of December 31, 2022 and the amount due and payable by the Company under such arrangements as of December 31, 2021 was insignificant. Mr. Sartini serves as the Chairman of the Board and Chief Executive Officer of the Company and is a 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 office space in a building adjacent to the Company’s office headquarters building to be constructed and 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 $0.3 million for each of the years ended December 31, 2022 and 2021 and $0.1 million for the year ended December 31, 2020. 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 incurred $0.6 million, $0.8 million, and $0.5 million in costs under these arrangements for the years ended December 31, 2022, 2021, and 2020, respectively. The Company owed $0.1 million and $0.2 million under such agreements as of December 31, 2022 and 2021, respectively. No amount was owed to the Company under these agreements as of December 31, 2022 and 2021. One of the distributed gaming locations at which the Company’s slot machines are located was owned in part by Sean T. Higgins, who previously served as Executive Vice President of Government Affairs of the Company. This agreement was in place prior to Mr. Higgins’s joining the Company on March 28, 2016 and terminated in 2020. Net revenues recorded by the Company from the use of the Company’s slot machines at this location were $0.8 million for the year ended December 31, 2020, for the period in which the location was leased from a related party. Gaming expenses related to this location were $0.7 million for the year ended December 31, 2020, for the period in which the location was leased by a related party.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information The Company conducts its business through five reportable segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, Nevada Taverns, 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. As discussed in “ Note 1 — Nature of Business ,” on August 24, 2022, the Company entered into definitive agreements to sell Rocky Gap. The Rocky Gap Transactions are required by their terms to close concurrently and the Company expects the Rocky Gap Transactions to close during the second quarter of 2023, subject to the satisfaction or waiver of customary regulatory approvals and closing conditions. The Nevada Taverns segment is comprised of branded tavern locations, where the Company 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 Distributed Gaming segment is comprised of the operation of slot machines and amusement devices in over 1,000 third party 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. 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, severance expenses, preopening and related expenses, gain or loss on disposal of assets, share-based compensation expenses, non-cash lease expense, 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 (loss) determined in accordance with GAAP. The Company also discloses Adjusted EBITDA at the reportable segment level, as set forth in the table below: Year Ended December 31, (In thousands) 2022 2021 2020 Revenues Nevada Casino Resorts Gaming $ 175,014 $ 179,793 $ 114,571 Food and beverage 89,424 83,092 55,588 Rooms 104,375 94,952 61,070 Other (1) 38,137 31,875 19,414 Nevada Casino Resorts revenues $ 406,950 $ 389,712 $ 250,643 Nevada Locals Casinos Gaming $ 114,388 $ 120,537 $ 82,522 Food and beverage 25,219 24,036 18,406 Rooms 10,162 7,626 5,598 Other (1) 7,745 7,656 6,505 Nevada Locals Casinos revenues $ 157,514 $ 159,855 $ 113,031 Maryland Casino Resort Gaming $ 59,553 $ 60,797 $ 40,505 Food and beverage 8,440 7,932 4,669 Rooms 7,787 7,224 4,743 Other 2,230 2,202 1,719 Maryland Casino Resort revenues $ 78,010 $ 78,155 $ 51,636 Nevada Taverns Gaming $ 53,619 $ 53,909 $ 28,128 Food and beverage 51,564 52,002 33,047 Other (1) 4,782 4,259 2,866 Nevada Taverns revenues $ 109,965 $ 110,170 $ 64,041 Distributed Gaming Gaming $ 358,332 $ 351,274 $ 211,027 Food and beverage 716 753 371 Other (1) 6,424 5,387 2,817 Distributed Gaming revenues $ 365,472 $ 357,414 $ 214,215 Corporate and other 3,808 1,237 589 Total Revenues $ 1,121,719 $ 1,096,543 $ 694,155 (1) Includes lease revenue accounted for under ASC 842 for the arrangements in which the Company is a lessor. Refer to “Note 2 — Summary of Significant Accounting Policies” and “Note 12 — Leases” for details. Year Ended December 31, (In thousands) 2022 2021 2020 Adjusted EBITDA Nevada Casino Resorts $ 135,104 $ 149,077 $ 57,462 Nevada Locals Casinos 75,848 80,005 45,610 Maryland Casino Resort 25,383 26,697 15,094 Nevada Taverns 37,610 39,762 10,086 Distributed Gaming 44,021 47,514 16,866 Corporate and other (50,886) (51,337) (34,861) Total Adjusted EBITDA 267,080 291,718 110,257 Adjustments Other non-operating income — 60,000 — Depreciation and amortization (100,123) (106,692) (124,430) Non-cash lease expense (165) (762) (1,344) Share-based compensation (13,433) (14,401) (9,637) Loss on disposal of assets (934) (1,260) (803) Loss on debt extinguishment and modification (1,590) (975) — Preopening and related expenses (1) (161) (246) (533) Severance expenses (378) (228) (3,710) Impairment of goodwill and intangible assets — — (33,964) Other, net (3,939) (2,089) (3,275) Interest expense, net (63,490) (62,853) (69,110) Change in fair value of derivative — — (1) Income tax provision (521) (436) (61) Net income (loss) $ 82,346 $ 161,776 $ (136,611) (1) Preopening and related expenses consist of labor, food, utilities, training, initial licensing, rent and organizational costs incurred in connection with the opening of branded tavern and casino locations as well as food and beverage and other venues within the 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 Nevada Taverns Distributed Gaming Corporate and Other Consolidated Balance at December 31, 2022 $ 784,242 $ 164,580 $ 39,562 $ 145,065 $ 258,260 $ 116,961 $ 1,508,670 Balance at December 31, 2021 $ 811,016 $ 165,362 $ 41,403 $ 149,296 $ 262,046 $ 186,441 $ 1,615,564 Capital Expenditures The Company’s capital expenditures by segment consisted of the following amounts: (In thousands) Nevada Casino Resorts (1) Nevada Locals Casinos (2) Maryland Casino Resort (3) Nevada Taverns (4) Distributed Gaming (5) Corporate and Other (6) Consolidated For the year ended December 31, 2022 $ 26,347 $ 4,035 $ 1,878 $ 2,712 $ 9,146 $ 7,301 $ 51,419 For the year ended December 31, 2021 $ 7,859 $ 2,813 $ 1,447 $ 1,573 $ 9,912 $ 5,655 $ 29,259 For the year ended December 31, 2020 $ 23,649 $ 911 $ 2,531 $ 1,750 $ 5,136 $ 2,525 $ 36,502 (1) Capital expenditures in the Nevada Casino Resorts segment exclude non-cash purchases of property and equipment of $5.0 million, $0.6 million, and $1.1 million as of December 31, 2022, 2021, and 2020, respectively. (2) Capital expenditures in the Nevada Locals Casinos segment exclude non-cash purchases of property and equipment of $0.1 million and $0.2 million as of December 31, 2022 and 2021, respectively. (3) Capital expenditures in the Maryland Casino Resort segment exclude non-cash purchases of property and equipment of $0.5 million as of December 31, 2020. (4) Capital expenditures in the Nevada Taverns segment exclude non-cash purchases of property and equipment of $0.2 million, $0.3 million, and $0.1 million as of December 31, 2022, 2021 and 2020, respectively. (5) Capital expenditures in the Distributed Gaming segment exclude non-cash purchases of property and equipment of $0.3 million and $2.4 million as of December 31, 2021 and 2020, respectively. (6) Capital expenditures for Corporate and Other exclude non-cash purchases of property and equipment of $0.1 million and $0.5 million as of December 31, 2022 and 2021, respectively.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule of Valuation and Qualifying Accounts	GOLDEN ENTERTAINMENT, INC. SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS (In thousands) Balance at Beginning of Period Increase Decrease Balance at End of Period Deferred income tax valuation allowance: Year Ended December 31, 2022 $ 30,783 $ — $ (25,103) $ 5,680 Year Ended December 31, 2021 62,724 — (31,941) 30,783 Year Ended December 31, 2020 36,652 26,072 — 62,724

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Use of Estimates	Use of EstimatesThe preparation of financial statements in conformity with generally accepted accounting principles in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the balance sheet date and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Basis of Presentation	Basis of Presentation The accompanying 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.
Cash and Cash Equivalents	Cash and Cash EquivalentsCash and cash equivalents include cash on hand and in banks and highly-liquid investments with original maturities of three months or less. As of December 31, 2022, the Company had $142.0 million in cash and cash equivalents, which included $5.1 million of cash and cash equivalents related to assets held for sale. Although cash and cash equivalents balances may at times exceed the federal insured deposit limit, the Company believes such risk is mitigated by the quality of the institutions holding such deposits.
Accounts Receivable	Accounts Receivable Accounts receivable consist primarily of gaming, hotel and other receivables, net of allowance for credit losses. Accounts receivable are non-interest bearing and are initially recorded at cost. An estimated allowance for credit losses is maintained to reduce the Company’s accounts receivable to their expected net realizable value based on specific reviews of customer accounts, the age of such accounts, management’s assessment of the customer’s financial condition, historical and current collection experience and management’s expectations of future collection trends based on the current and forecasted economic and business conditions. Accounts are written off when management deems them to be uncollectible. Recoveries of accounts previously written off are recorded when received. Historically, the Company’s estimated allowance for credit losses has been consistent with such losses.
Inventories	Inventories Inventories consist primarily of food and beverage and retail items and are stated at the lower of cost or net realizable value. Cost is determined using the first-in, first-out and the average cost inventory methods.
Property and Equipment	Property and Equipment Property and equipment is stated at cost less accumulated depreciation. Assets held under finance lease agreements are stated at the lower of the present value of the future minimum lease payments or fair value at the inception of the lease. Expenditures for major additions, renewals and improvements are capitalized while costs of routine repairs and maintenance are expensed when incurred. A significant amount of the Company’s property and equipment was acquired through business acquisitions and therefore, was initially recognized at fair value on the effective date of the applicable acquisition transaction. Depreciation of property and equipment is computed using the straight-line method over the following estimated useful lives: Building and improvements 10 - 40 years Furniture and equipment 3 - 15 years Leasehold improvements 2 - 15 years 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. Recoverability is evaluated by comparing the estimated future cash flows of the asset, on an undiscounted basis, to its carrying amount. If the undiscounted estimated future cash flows exceed the carrying amount, no impairment is indicated. If the undiscounted estimated future cash flows do not exceed the carrying amount, impairment is recorded based on the difference between the asset’s estimated fair value and its carrying amount. To estimate fair values, the Company generally uses market comparables, when available, or a discounted cash flow model. The estimation of fair value requires significant judgment and is based on assumptions about future cash flows, including future growth rates, operating margins, economic and business conditions, and discount rate, all of which are unpredictable and inherently uncertain. The Company’s long-lived asset impairment tests are performed at the reporting unit level.
Goodwill	Goodwill The Company tests its goodwill for impairment annually during the fourth quarter of each year, and whenever events or circumstances indicate that it is more likely than not that impairment may have occurred. Impairment testing for goodwill is performed at the reporting unit level. When performing testing for impairment, the Company either conducts a qualitative assessment to determine whether it is more likely than not that the asset is impaired, or elects to bypass this qualitative assessment and perform a quantitative test. Under the qualitative assessment, the Company considers both positive and negative factors, including macroeconomic conditions, industry events, financial performance and other changes, and makes a determination of whether it is more likely than not that the fair value of goodwill is less than its carrying amount. If, after assessing the qualitative factors, the Company determines that it is more likely than not the asset is impaired, it then performs a quantitative test in which the estimated fair value of the reporting unit is compared to its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds its estimated fair value, an impairment loss is recognized in an amount equal to the excess, limited to the amount of goodwill allocated to the reporting unit. When performing the quantitative test, the Company estimates the fair value of each reporting unit using the expected present value of future cash flows along with value indications based on current valuation multiples of the Company and comparable publicly traded companies. The estimation of fair value requires significant judgment and is based on assumptions about future cash flows, including future growth rates, operating margins, economic and business conditions, all of which are unpredictable and inherently uncertain. Cash flow estimates are based on the current regulatory, political and economic climates, recent operating information and projections. Such estimates could be negatively impacted by changes in federal, state or local regulations, economic downturns, competition, events affecting various forms of travel and access to the Company’s properties, and other factors, such that the actual results may differ materially from such estimates. If the Company’s estimates of future cash flows are not met, it may be required to record goodwill impairment charges in the future.
Indefinite-Lived Intangible Assets and Finite-Lived Intangible Assets	Indefinite-Lived Intangible Assets The Company’s indefinite-lived intangible assets are comprised of trade names acquired in a business combination. The fair value of the Company’s trade names is estimated using the income approach to valuation at each of its reporting units. The Company tests its 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 an asset is impaired. Indefinite-lived intangible assets are not amortized unless it is determined that an asset’s useful life is no longer indefinite. The Company periodically reviews its indefinite-lived assets to determine whether events and circumstances continue to support an indefinite useful life. If an indefinite-lived intangible asset no longer has an indefinite life, the asset is tested for impairment and is subsequently accounted for as a finite-lived intangible asset. Finite-Lived Intangible Assets The Company’s finite-lived intangible assets primarily represent assets related to its customer relationships, player relationships, and non-compete agreements, and were acquired in a business combination. The Company’s finite-lived intangible assets are also comprised of leasehold interest and licenses. Finite-lived intangible assets are amortized over their estimated useful lives using the straight-line method. The Company periodically evaluates the remaining useful lives of its finite-lived intangible assets to determine whether events and circumstances warrant a revision to the remaining period of amortization. The Company’s customer relationship assets represent the value associated with space lease agreements and participation agreements with its distributed gaming customers acquired in an asset purchase or a business acquisition. The Company’s player relationships represent the value associated with its rated casino guests. The initial fair value of these intangible assets was determined using the income approach. The recoverability of the finite-lived intangible assets could be affected by, among other things, increased competition within the gaming industry, a downturn in the economy, declines in customer spending which could impact the expected future cash flows associated with the rated casino guests, declines in the number of customer visits which could impact the expected attrition rate of the rated casino guests, and erosion of operating margins associated with rated casino guests. Should events or changes in circumstances cause the carrying amount of a customer relationship intangible asset to exceed its estimated fair value, the Company will recognize an impairment charge in the amount of the excess of the carrying amount over its estimated fair value.
Long-Term Debt	Long-Term Debt Long-term debt is reported as the outstanding debt amount, net of unamortized debt issuance costs and debt discount. These include legal and other direct costs related to the issuance of debt and discounts granted to the initial purchasers or lenders of the Company’s debt instruments, and are recorded as a direct reduction to the face amount of the Company’s outstanding long-term debt on the consolidated balance sheets. The debt discount and debt issuance costs are accreted to interest expense using the effective interest method or, if the amounts approximate the effective interest method, on a straight-line basis over the contractual term of the underlying debt. The amount amortized to interest expense was $4.1 million, $4.3 million and $4.5 million for the years ended December 31, 2022, 2021 and 2020, respectively.
Derivative Instruments	Derivative Instruments The Company uses derivative financial instruments to manage interest rate exposure. The fair value of derivative financial instruments is recognized as an asset or liability at each balance sheet date, with changes in fair value recorded in earnings as the Company’s derivative financial instruments do not qualify for hedge accounting. The fair value approximates the amount the Company would pay if these contracts were settled at the respective valuation dates.
Leases	Leases The Company determines whether an arrangement is or contains a lease at inception or modification of a contract. An arrangement is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The right to control the use of the identified asset means the lessee has both the right to obtain substantially all economic benefits from the use of the asset and the right to direct the use of the asset. Operating lease right-of-use (“ROU”) assets and liabilities are recognized at the commencement date for the arrangements with a term of 12 months or longer and are initially measured based on the present value of lease payments over the defined lease term. The measurement of the operating lease ROU assets also includes any prepaid lease payments made and is net of lease incentives. If the implicit interest rate to be applied to the determination of the present value of lease payments over the lease term is not readily determinable, the Company estimates the incremental borrowing rate based on the information available at the commencement date. The Company’s lease terms may include options to extend or terminate the lease. The Company assesses these options using a threshold of reasonably certain. For leases the Company is reasonably certain to renew, those option periods are included within the lease term and, therefore, the measurement of the ROU asset and lease liability. For operating leases, lease expense for lease payments is recognized on a straight-line basis over the lease term. For finance leases,
Leases	Leases The Company determines whether an arrangement is or contains a lease at inception or modification of a contract. An arrangement is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The right to control the use of the identified asset means the lessee has both the right to obtain substantially all economic benefits from the use of the asset and the right to direct the use of the asset. Operating lease right-of-use (“ROU”) assets and liabilities are recognized at the commencement date for the arrangements with a term of 12 months or longer and are initially measured based on the present value of lease payments over the defined lease term. The measurement of the operating lease ROU assets also includes any prepaid lease payments made and is net of lease incentives. If the implicit interest rate to be applied to the determination of the present value of lease payments over the lease term is not readily determinable, the Company estimates the incremental borrowing rate based on the information available at the commencement date. The Company’s lease terms may include options to extend or terminate the lease. The Company assesses these options using a threshold of reasonably certain. For leases the Company is reasonably certain to renew, those option periods are included within the lease term and, therefore, the measurement of the ROU asset and lease liability. For operating leases, lease expense for lease payments is recognized on a straight-line basis over the lease term. For finance leases,
Revenue Recognition	Revenue Recognition Revenue from contracts with customers primarily consists of casino wagers, room sales, food and beverage transactions, rental income from the Company’s retail tenants, and entertainment sales. Casino gaming revenues are the aggregate of gaming wins and losses. The commissions rebated to premium players for cash discounts and other cash incentives to patrons related to gaming play are recorded as a reduction to casino gaming revenues. Gaming contracts include a performance obligation to honor the patron’s wager and typically include a performance obligation to provide a product or service to the patron on a complimentary basis to incentivize gaming or in exchange for points earned under the Company’s True Rewards® loyalty program. The Company generally enters into two types of slot and amusement device placement contracts as part of its distributed gaming business: space lease agreements and participation agreements. Under space lease agreements, the Company pays a fixed monthly rental fee for the right to install, maintain and operate its slot machines at a business location and the Company is the sole holder of the applicable gaming license that allows it to operate such slot machines. Under these agreements, the Company recognizes all gaming revenue and records fixed monthly rental fees as gaming expense. Under participation agreements, the business location retains a percentage of the gaming revenue generated from the Company’s slot machines, and as a result both the business location and Golden are required to hold a state issued gaming license. In Montana, the Company’s slot and amusement device placement contracts are all participation agreements. In its distributed gaming business, the Company concluded it maintains control of the services directly before they are transferred to its customer and it considers its customer to be the gaming player since the Company controls all aspects of the slot machines. The Company retains control over the slot machines placed at the business location’s premises by controlling the hold percentage, types of slot machines and games made available on such machines, physical access to the contents of the gaming devices, and the repair and servicing of the slot machines. Therefore, these agreements do not contain a lease under Accounting Standards Codification (“ASC”) 842 and are accounted for under ASC 606. The Company is considered to be the principal in these arrangements and 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. Wagering contracts that include complimentary products and services provided by the Company to incentivize gaming, such as complimentary food, beverage, rooms, entertainment, merchandise and other discretionary complimentaries, and wagering contracts that include products and services provided to a patron in exchange for points earned under the Company’s loyalty program contain more than one performance obligation. The transaction price is allocated to each performance obligation in the gaming wagering contract. The amount allocated to loyalty points earned is based on an estimate of the standalone selling price of the loyalty points, which is determined by the redemption value less an estimate for points not expected to be redeemed. The amount allocated to discretionary complimentaries is the standalone selling price of the underlying goods or services, which is determined using the retail price at which those goods or services would be sold separately in similar transactions. The remaining amount of the transaction price is allocated to wagering activity using the residual approach as the standalone selling price for gaming wagers is highly variable due to wide disparity of wagering options available to the Company’s patrons. The amount wagered, frequency of wagering, patron betting habits, and outcomes of the games of chance are unpredictable. As a result, no stand-alone selling price of a gaming transaction is determinable and the residual approach is utilized to represent the net revenue ascribed to the gaming wager. For wagering contracts that include discretionary complimentaries, the Company allocates the stand-alone selling price of each product and service to the respective revenue type. Complimentary products or services provided under the Company’s control and discretion that are supplied by third parties are recorded as an operating expense in the consolidated statements of operations. For wagering contracts that include products and services provided to a patron in exchange for points earned under the Company’s loyalty program, the Company allocates the estimated stand-alone selling price of the points earned to the loyalty program liability. The loyalty program liability is a deferral of revenue until redemption occurs under ASC 606, Revenue from Contracts with Customers. Upon redemption of loyalty program points for Company-owned products and services, the stand-alone selling price of each product or service is allocated to the respective revenue type. For redemptions of points with third parties, the redemption amount is deducted from the loyalty program liability and paid directly to the third party. Any discounts received by the Company from the third party in connection with this transaction are recorded to other revenue in the Company’s consolidated statements of operations. The Company’s performance obligation related to its loyalty program is generally completed within one year, as participants’ points expire after thirteen months of no activity. After allocation to the other revenue types for products and services provided to patrons as part of a wagering contract, the residual amount is recorded to casino gaming revenue as soon as the wager is settled. As all wagers have similar characteristics, the Company accounts for its gaming contracts collectively on a portfolio basis. Gaming contracts are typically completed daily based on the outcome of the wagering transaction and include a distinct performance obligation to provide gaming activities. Revenue from leases is recorded to other revenue in the Company’s consolidated statements of operations and is generated from base rents through long-term leases with retail tenants. Base rent, adjusted for contractual escalations as applicable, is recognized on a straight-lined basis over the term of the related lease. Overage rent is paid by a tenant when its sales exceed an agreed upon minimum amount and is not recognized by the Company until the threshold is met. Food, beverage, and retail revenues are recorded at the time of sale. Room revenue is recorded at the time of occupancy. Sales taxes and surcharges collected from customers and remitted to governmental authorities are presented on a net basis.
Contract and Contract Related Liabilities	Contract and Contract Related Liabilities The Company provides numerous products and services to its customers. There is often a timing difference between the cash payment by the customers and recognition of revenue for each of the associated performance obligations. The Company generally has three types of liabilities related to contracts with customers: • Outstanding Chip Liability — The outstanding chip liability represents the collective amounts owed to customers in exchange for gaming chips in their possession. Outstanding chips are expected to be recognized as revenue or redeemed for cash within one year of being purchased. • Loyalty Program — The Company offers its True Rewards loyalty program at all ten of its casino properties, as well as at all of its branded taverns and other participating distributed gaming locations. Members of the Company’s True Rewards loyalty program earn points based on gaming activity and food and beverage purchases at the Company’s casino properties, branded taverns and participating distributed gaming locations. Loyalty points are redeemable for slot play, promotional table game chips, food and beverages and grocery gift cards. All points earned in the loyalty program roll up into a single account balance which is redeemable at over 140 participating locations. The Company records a liability based on the value of points earned, less an estimate for points not expected to be redeemed. This liability represents a deferral of revenue until such time as the participant redeems the points earned. Redemption history at the Company’s casinos and branded taverns is used to assist in the determination of the estimated accruals. Loyalty program points are expected to be redeemed and recognized as revenue within one year of being earned, since participants’ points expire after thirteen months of no activity. The True Rewards points accruals are included in current liabilities on the Company’s consolidated balance sheets. Changes in the program, increases in membership and changes in the redemption patterns of the participants can impact this liability. • Customer Deposits and Other — Customer deposits and other deferred revenue represent cash deposits made by customers for future non-gaming services to be provided by the Company. With the exception of tenant deposits, which are tied to the terms of the lease and typically extend beyond a year, the majority of these customer deposits and other deferred revenue are expected to be recognized as revenue or refunded to the customer within one year of the date the deposit was recorded.
Costs to Acquire a Contract with a Customer	Costs to Acquire a Contract with a Customer As part of the Company’s distributed gaming business, the Company incurs incremental costs to acquire customer contracts in the form of up-front fully recoverable consideration provided to a customer upon execution of the agreement. Such costs are recorded as other current and non-current assets in the Company’s consolidated balance sheets and are amortized over the term of the contract. The amount of costs to acquire customer contracts recorded by the Company was $7.3 million as of both December 31, 2022 and 2021.
Gaming Taxes	Gaming Taxes The Company’s casinos located in Nevada are subject to taxes based on gross gaming revenues and pay annual fees based on the number of slot machines and table games licensed during the year. Rocky Gap is subject to gaming taxes based on gross gaming revenues and also pays an annual flat tax based on the number of table games and video lottery terminals in operation during the year. The Company’s distributed gaming operations in Nevada are subject to taxes based on the Company’s share of non-restricted gross gaming revenue for those locations that have grandfathered rights to more than 15 slot machines for play, and/or annual and quarterly fees at all branded tavern and third-party distributed gaming locations. The Company’s distributed gaming operations in Montana are subject to taxes based on the Company’s share of gross gaming revenue. These gaming taxes are recorded as gaming expenses in the consolidated statements of operations. Total gaming taxes and licenses were $73.2 million, $72.2 million and $51.8 million for the years ended December 31, 2022, 2021 and 2020, respectively.
Advertising Expenses	Advertising Expenses The Company expenses advertising, marketing and promotional costs as incurred. Advertising costs included in selling, general and administrative expenses in the Company’s consolidated statements of operations were $12.2 million, $9.9 million and $6.9 million for the years ended December 31, 2022, 2021 and 2020, respectively.
Share-Based Compensation Expense	Share-Based Compensation ExpenseThe Company has various share-based compensation programs, which provide for equity awards including stock options, time-based restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”). Share-based compensation expense is measured at the grant date, based on the estimated fair value of the award, and is recognized as expense, net of forfeitures, over the employee’s requisite service period. Compensation costs related to stock option awards are calculated based on the fair value of the award on the date of grant using the Black-Scholes option pricing model. For RSUs and PSUs, compensation expense is calculated based on the fair market value of the Company’s common stock on the date of grant. All of the Company’s share-based compensation expense is recorded in selling, general and administrative expenses in the consolidated statements of operations.
Income Taxes	Income Taxes The Company is subject to income taxes in the United States. Accounting standards require the recognition of deferred tax assets, net of applicable reserves, and liabilities for the estimated future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on the income tax provision and deferred tax assets and liabilities generally is recognized in the results of operations in the period that includes the enactment date. Accounting standards also require recognition of a future tax benefit to the extent that realization of such benefit is more likely than not; otherwise, a valuation allowance is applied. The Company’s income tax returns are subject to examination by the Internal Revenue Service and other tax authorities in the locations where it operates. The Company assesses potentially unfavorable outcomes of such examinations based on accounting standards for uncertain income taxes. The accounting standards prescribe a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Uncertain tax position accounting standards apply to all tax positions related to income taxes. These accounting standards utilize a two-step approach for evaluating tax positions. If a tax position, based on its technical merits, is deemed more likely than not to be sustained, then the tax benefit is measured as the largest amount of benefit that is more likely than not to be realized upon settlement. The Company records estimated penalties and interest related to income tax matters, including uncertain tax positions, if any, as a component of income tax expense.
Net Income (Loss) per Share	Net Income (Loss) per Share Basic net income (loss) per share is calculated by dividing net income (loss) 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. For the year ended December 31, 2022, diluted net income per share excluded the weighted average effect of 150,384 shares of common stock. No shares of common stock related to time-based and performance-based restricted stock units were anti-dilutive for the year ended December 31, 2021 and for the year ended December 31, 2020, the amount of potential common share equivalents excluded from the computation was 915,025.
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 ASC. 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. Management does not believe that any other recently issued accounting standards that are not yet effective are likely to have a material impact on the Company’s financial statements.

Nature of Business (Tables)

Nature of Business (Tables)	12 Months Ended
	Dec. 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 Nevada Taverns 64 branded tavern locations Nevada Distributed Gaming Nevada distributed gaming Nevada Montana distributed gaming Montana (1) The operations of the Colorado Belle remain suspended.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Property and Equipment, Estimated Useful Lives	Depreciation of property and equipment is computed using the straight-line method over the following estimated useful lives: Building and improvements 10 - 40 years Furniture and equipment 3 - 15 years Leasehold improvements 2 - 15 years
Schedule of Contract with Customer, Contract Liabilities	The following table summarizes the Company’s activity for contract and contract related liabilities: Outstanding Chip Liability Loyalty Program Customer Deposits and Other (In thousands) 2022 2021 2022 2021 2022 2021 Balance at January 1 $ 1,184 $ 997 $ 2,995 $ 3,969 $ 4,937 $ 3,497 Balance at December 31 (1) 1,312 1,308 2,861 3,250 5,119 5,656 Increase (decrease) $ 128 $ 311 $ (134) $ (719) $ 182 $ 2,159 (1) Balance at December 31, 2021 included $0.1 million, $0.3 million and $0.7 million in Outstanding Chip Liability, Loyalty Program and Customer Deposits and Other, respectively, related to assets held for sale. Such balances were excluded from 2022 amounts.

Assets Held for Sale (Tables)

Assets Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Assets Held for Sale	The carrying amounts of the assets and liabilities held for sale in the Rocky Gap Transactions consisted of the following: (In thousands) December 31, 2022 ASSETS Current assets Cash and cash equivalents $ 5,145 Accounts receivables, net 2,354 Prepaid expenses 539 Inventories 548 Other 46 Total current assets held for sale 8,632 Property and equipment, net 23,877 Operating lease right-of-use assets, net 5,980 Intangible assets, net 1,064 Other assets 9 Total assets held for sale $ 39,562 LIABILITIES Current liabilities Current portion of finance leases $ 103 Current portion of operating leases 436 Accounts payable 1,195 Accrued payroll and related 1,071 Other accrued liabilities 1,972 Total current liabilities related to assets held for sale 4,777 Non-current finance leases 204 Non-current operating leases 5,206 Total liabilities related to assets held for sale $ 10,187

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Components of Property and Equipment	Property and equipment, net, consisted of the following: At December 31, (In thousands) 2022 2021 Land $ 125,240 $ 125,240 Building and improvements 923,157 937,759 Furniture and equipment 244,735 246,323 Construction in process 23,224 16,347 Property and equipment 1,316,356 1,325,669 Accumulated depreciation (475,625) (421,449) Property and equipment, net $ 840,731 $ 904,220

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Goodwill Balances by Reportable Segment	The following table summarizes goodwill balances by reportable segment: (In thousands) Nevada Casino Resorts Nevada Locals Casinos Maryland Casino Resort Nevada Taverns Distributed Gaming Total Goodwill Balance, December 31, 2021 and 2022 $ 22,105 $ 38,187 $ — $ 20,459 $ 77,645 $ 158,396
Schedule of Intangible Assets	Intangible assets, net, consisted of the following: At December 31, 2022 (In thousands) Useful Life (Years) Gross Carrying Cumulative 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 (41,743) — 39,362 Player relationships 2-14 42,990 (40,455) — 2,535 Non-compete agreements 2-5 9,840 (9,114) — 726 In-place lease value 4 1,170 (1,170) — — Leasehold interest 4 570 (570) — — Other 4-25 1,366 (1,237) — 129 137,041 (94,289) — 42,752 Balance, December 31, 2022 $ 190,731 $ (94,289) $ (6,890) $ 89,552 At December 31, 2021 (In thousands) Useful Life (Years) Gross Carrying Cumulative 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 Estimated Future Amortization Expense Related to Intangible Assets	Estimated future amortization expense related to intangible assets is as follows: (In thousands) 2023 2024 2025 2026 2027 Thereafter Total (1) Estimated amortization expense $ 7,209 $ 6,313 $ 5,974 $ 5,869 $ 5,737 $ 11,650 $ 42,752 (1) The Company did not have intangible assets that were not placed in service as of December 31, 2022.

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following: At December 31, (In thousands) 2022 2021 Gaming liabilities $ 10,952 $ 12,311 Accrued taxes, other than income taxes 9,291 9,035 Interest 6,036 6,168 Other accrued liabilities 5,027 5,549 Deposits 2,059 2,284 Total current accrued liabilities $ 33,365 $ 35,347

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt, net, consisted of the following: At December 31, (In thousands) 2022 2021 Term Loan $ 575,000 $ 650,000 2026 Unsecured Notes 335,461 375,000 Finance lease liabilities 2,157 3,005 Notes payable 90 602 Total long-term debt and finance leases 912,708 1,028,607 Unamortized discount (7,899) (11,689) Unamortized debt issuance costs (3,790) (5,392) Total long-term debt and finance leases after debt issuance costs and discount 901,019 1,011,526 Current portion of long-term debt and finance leases (555) (1,057) Long-term debt, net and finance leases $ 900,464 $ 1,010,469
Schedule of Principal Payments Due on Long-term Debt	The scheduled principal payments due on long-term debt are as follows (in thousands): Year Ending December 31, Amount 2023 $ 555 2024 575,158 2025 133 2026 137 2027 335,616 Thereafter 1,109 Total outstanding principal of long-term debt $ 912,708

Shareholders_ Equity and Stoc_2

Shareholders’ Equity and Stock Incentive Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Share Repurchase Activity	The following table includes the Company’s share repurchase activity: Year Ended December 31, 2022 2021 2020 (In thousands, except per share data) Shares repurchased (1) 1,113 227 50 Total cost, including brokerage fees $ 51,202 $ 10,616 $ 950 Average repurchase price per share (2) $ 46.01 $ 46.87 $ 19.00 (1) All repurchased shares were retired and constitute authorized but unissued shares. (2) Figures in the table may not recalculate exactly due to rounding. Average repurchase price per share is calculated based on unrounded numbers.
Summary of Stock Option Activity	The following table summarizes the Company’s stock option activity: Stock Options Outstanding Weighted-Average Remaining Term (in years) Weighted-Average Exercise Price Aggregate Intrinsic Value (in thousands) Outstanding at January 1, 2020 3,126,521 6.1 $ 11.61 Granted — $ — Exercised (84,875) $ 3.88 Cancelled (2,292) $ 13.50 Expired (148,013) $ 26.61 Outstanding at December 31, 2020 2,891,341 5.5 $ 11.07 $ 25,520 Granted — $ — Exercised (749,847) $ 10.39 Cancelled — $ — Expired — $ — Outstanding at December 31, 2021 2,141,494 4.5 $ 11.31 $ 83,992 Granted — $ — Exercised (69,500) $ 9.94 Cancelled — $ — Expired — $ — Outstanding at December 31, 2022 2,071,994 3.5 $ 11.35 $ 53,966 Exercisable at December 31, 2020 2,854,813 5.5 $ 11.04 $ 25,286 Exercisable at December 31, 2021 2,141,494 4.5 $ 11.31 $ 83,992 Exercisable at December 31, 2022 2,071,994 3.5 $ 11.35 $ 53,966
Summary of RSU Activity	The following table summarizes the Company’s RSU activity: RSUs Shares Weighted- Total Fair Value of Shares Vested (in thousands) Outstanding at January 1, 2020 661,258 $ 16.44 Granted 624,415 $ 9.65 Vested (308,222) $ 16.06 $ 3,336 Cancelled (33,494) $ 16.58 Outstanding at December 31, 2020 943,957 $ 12.06 Granted 318,356 $ 31.46 Vested (426,770) $ 14.20 $ 14,203 Cancelled (20,123) $ 26.08 Outstanding at December 31, 2021 815,420 $ 18.17 Granted 123,970 $ 51.86 Vested (363,450) $ 17.78 $ 18,963 Cancelled (28,269) $ 17.63 Outstanding at December 31, 2022 547,671 $ 26.09
Summary of PSU Activity	The following table summarizes the Company’s PSU activity: PSUs Shares (1) Weighted- Total Fair Value of Shares Vested (in thousands) Outstanding at January 1, 2020 376,328 $ 20.65 Granted 404,880 $ 8.86 Vested (5,254) (2) $ 28.72 $ 47 Cancelled (32,235) (2) $ 28.72 Outstanding at December 31, 2020 743,719 $ 13.82 Granted 129,503 $ 29.00 Vested (89,920) (2) (3) $ 25.73 $ 2,608 Cancelled (77,725) (2) (3) $ 25.23 Outstanding at December 31, 2021 705,577 (4) $ 13.84 Granted 83,579 $ 53.51 Performance certification 534,383 (5) $ — Vested (247,380) (6) $ 12.51 $ 13,030 Cancelled — $ — Outstanding at December 31, 2022 1,076,159 $ 17.17 (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) During the first quarter of 2020, the Company’s financial results for the performance goals applicable to the PSUs granted in March 2018 were certified, which resulted in the reduction of the PSUs granted in 2018 to the number of PSUs eligible to vest from 108,957 to 76,722 shares (with the 32,235 share adjustment shown in the table above as “Cancelled”), 5,254 of which shares vested in March 2020 and 71,468 of which shares vested in March 2021. (3) 62,791 of the 77,725 PSUs cancelled during the year ended December 31, 2021 related to PSUs granted in November 2017, for which applicable performance goals were not met. 14,934 of the 77,725 PSUs cancelled during the period related to PSUs granted in March 2019 (the “2019 PSU Awards”). The Company’s financial results for the applicable performance goals were certified in March 2021, which resulted in the reduction of the shares subject to the 2019 PSU Awards from 204,580 to 189,646. In addition, 18,452 of the shares under the 2019 PSU Awards vested during the first quarter of 2021 . (4) 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 in March 2022. Also includes PSUs granted in March 2020 and March 2021 at “target.” (5) 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.” Includes 38,093 incremental shares issued in March 2022 in connection with vesting of PSUs granted in March 2020 due to such award “earned” at 200% of the “target.” The remaining PSUs granted in March 2020 and March 2021 will be eligible to vest on March 14, 2023 and 2024, respectively.
Summary of Share-based Compensation Costs by Award Type	The following table summarizes share-based compensation costs by award type: Year Ended December 31, (In thousands) 2022 2021 2020 Stock options $ — $ 191 $ 1,919 RSUs 6,900 6,867 5,264 PSUs 5,980 6,786 2,342 Total share-based compensation costs $ 12,880 $ 13,844 $ 9,525

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Provision (Benefit)	Income tax provision (benefit) is summarized as follows: Year Ended December 31, (In thousands) 2022 2021 2020 Current: Federal $ 13,877 $ — $ (371) State 274 95 — Total current tax provision (benefit) $ 14,151 $ 95 $ (371) Deferred: Federal $ (13,462) $ 325 $ 430 State (168) 16 2 Total deferred tax (benefit) provision (13,630) 341 432 Income tax provision $ 521 $ 436 $ 61
Schedule of Effective Income Tax Rate Reconciliation	Reconciliation of the statutory federal income tax rate to the Company’s actual rate based on income (loss) before income tax provision (benefit) is summarized below: Year Ended December 31, 2022 2021 2020 Statutory federal tax rate 21.00 % 21.00 % 21.00 % State income taxes, net of federal income taxes 0.62 1.41 0.89 Permanent tax differences – stock compensation (6.31) (3.93) (0.43) Permanent tax differences – business meals 0.44 0.23 (0.07) Permanent tax differences – executive compensation and other 9.27 2.13 (0.86) Change in valuation allowance (23.99) (19.69) (19.09) FICA credit generated (1.09) (0.28) 0.33 Change in tax rate and apportionment (0.26) (0.03) 0.11 Deferred only adjustment to beginning deferred balances 0.95 (0.57) (1.92) Effective tax rate 0.63 % 0.27 % (0.04) %
Schedule of Deferred Tax Assets and Liabilities	The Company’s current and non-current deferred tax assets (liabilities) are comprised of the following: December 31, (In thousands) 2022 2021 Deferred tax assets: Accruals and reserves $ 6,350 $ 7,688 Share-based compensation expense 966 5,781 General business credit carryforward — 489 State tax credits 3,867 4,192 Net operating loss carryforwards 753 6,076 Operating lease obligation 36,483 41,877 Depreciation of fixed assets 6,532 4,875 Other 493 545 55,444 71,523 Valuation allowances (5,680) (30,783) $ 49,764 $ 40,740 Deferred tax liabilities: Prepaid services $ (2,116) $ (3,282) Amortization of intangible assets (2,895) (941) Right-of-use assets (32,984) (38,378) (37,995) (42,601) Net deferred tax assets (liabilities) $ 11,769 $ (1,861) Non-current deferred tax assets $ 11,822 $ — Non-current deferred tax liabilities (53) (1,861) Net deferred tax assets (liabilities) $ 11,769 $ (1,861)

Employee Retirement and Benef_2

Employee Retirement and Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Schedule of Multiemployer Pension Plans	The Company considers the following multiemployer pension plans to be significant: Pension Protection Zone Status (1) FIR/RP Status Pending/Implemented Surcharge Imposed Expiration Date Of Collective- Multiemployer Pension Plans EIN/Plan Number 2021 2020 Central Pension Fund of the IUOE and Participating Employers 36-6052390-001 Green Green No No 3/31/2022 (2) Southern Nevada Culinary and Bartenders Pension Plan 88-6016617-001 Green Green No No 5/31/2023 (1) The Pension Protection Act of 2006 requires plans that are certified as endangered (yellow) or critical (red) to develop and implement a funding improvement plan. (2) The Company is in the process of negotiating an extension to this collective-bargaining agreement following its expiration.
Schedule of Contribution to Each Multiemployer Pension Plans	The Company’s cash contributions to each multiemployer pension and benefit plans are as follows: December 31, (In thousands) 2022 2021 2020 Multiemployer pension plans Central Pension Fund of the IUOE and Participating Employers $ 691 $ 637 $ 545 Southern Nevada Culinary and Bartenders Pension Plan 2,054 1,645 1,356 Other pension plans 168 146 142 Total contributions $ 2,913 $ 2,428 $ 2,043 Multiemployer benefit plans (excluding pension plans) HEREIU Welfare Fund $ 8,007 $ 6,353 $ 5,216 All other 7 — 3 Total contributions $ 8,014 $ 6,353 $ 5,219

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurement Information about Long-term Debt	The following table summarizes the fair value measurement of the Company’s long-term debt: December 31, 2022 (In thousands) Carrying Amount Fair Value Fair Value Hierarchy Term Loan $ 575,000 $ 575,000 Level 2 2026 Unsecured Notes 335,461 330,630 Level 2 Finance lease liabilities 2,157 2,157 Level 3 Notes payable 90 90 Level 3 Total debt $ 912,708 $ 907,877 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

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows: Year Ended December 31, (In thousands) Classification 2022 2021 Operating lease cost Operating lease cost Operating and SG&A expenses $ 55,907 $ 54,131 Variable lease cost Operating and SG&A expenses 17,943 20,449 Short-term lease cost Operating and SG&A expenses 4,796 4,862 Total operating lease cost $ 78,646 $ 79,442 Finance lease cost Amortization of leased assets Depreciation and amortization $ 934 $ 1,693 Interest on lease liabilities Interest expense, net 114 300 Total finance lease cost $ 1,048 $ 1,993
Summary of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Year Ended December 31, (In thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used under operating lease agreements $ 55,846 $ 53,527 Operating cash flows used under finance lease agreements 109 293 Financing cash flows used under finance lease agreements 541 6,179
Summary of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: December 31, (In thousands) 2022 2021 Operating leases Operating lease right-of-use assets, gross $ 193,565 $ 221,732 Accumulated amortization (45,672) (42,481) Operating lease right-of-use assets, net $ 147,893 $ 179,251 Current portion of operating leases $ 42,200 $ 40,151 Non-current operating leases 121,979 155,098 Total operating lease liabilities $ 164,179 $ 195,249 Finance leases Property and equipment, gross $ 5,719 $ 6,278 Accumulated depreciation (3,341) (2,407) Property and equipment, net $ 2,378 $ 3,871 Current portion of finance leases $ 465 $ 546 Non-current finance leases 1,692 2,459 Total finance lease liabilities $ 2,157 $ 3,005
Summary of Additional Information Related to Leases	The following presents additional information related to the Company’s leases as of December 31, 2022: December 31, 2022 2021 Weighted Average Remaining Lease Term Operating leases 7.5 years 7.8 years Finance leases 18.0 years 16.4 years Weighted Average Discount Rate Operating leases 5.9 % 5.7 % Finance leases 6.4 % 6.1 %
Summary of Maturities of Lease Liabilities	As of December 31, 2022, maturities of lease liabilities were as follows: (In thousands) Operating Leases Finance Leases Total 2023 $ 50,372 $ 521 $ 50,893 2024 43,268 227 43,495 2025 26,378 200 26,578 2026 16,933 200 17,133 2027 12,755 214 12,969 Thereafter 54,674 3,213 57,887 Total lease payments 204,380 4,575 208,955 Amount of interest (40,201) (2,418) (42,619) Present value of lease liabilities $ 164,179 $ 2,157 $ 166,336
Summary of Minimum and Contingent Operating Lease Income	Minimum and contingent operating lease income was as follows: Year Ended December 31, (In thousands) 2022 2021 2020 Minimum rental income $ 7,380 $ 6,041 $ 3,913 Contingent rental income 4,071 3,169 1,840 Total rental income $ 11,451 $ 9,210 $ 5,753
Summary of Future Minimum Rental Payments to be Received Under Operating Leases	Future minimum rent payments to be received under operating leases are as follows (in thousands): Year Ending December 31, Amount 2023 $ 5,025 2024 4,913 2025 4,875 2026 4,072 2027 1,173 Thereafter 1,371 Total future minimum rent payments $ 21,429

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	the Company includes a reconciliation of the total of the Company’s consolidated Adjusted EBITDA to the Company’s consolidated net income (loss) determined in accordance with GAAP. The Company also discloses Adjusted EBITDA at the reportable segment level, as set forth in the table below: Year Ended December 31, (In thousands) 2022 2021 2020 Revenues Nevada Casino Resorts Gaming $ 175,014 $ 179,793 $ 114,571 Food and beverage 89,424 83,092 55,588 Rooms 104,375 94,952 61,070 Other (1) 38,137 31,875 19,414 Nevada Casino Resorts revenues $ 406,950 $ 389,712 $ 250,643 Nevada Locals Casinos Gaming $ 114,388 $ 120,537 $ 82,522 Food and beverage 25,219 24,036 18,406 Rooms 10,162 7,626 5,598 Other (1) 7,745 7,656 6,505 Nevada Locals Casinos revenues $ 157,514 $ 159,855 $ 113,031 Maryland Casino Resort Gaming $ 59,553 $ 60,797 $ 40,505 Food and beverage 8,440 7,932 4,669 Rooms 7,787 7,224 4,743 Other 2,230 2,202 1,719 Maryland Casino Resort revenues $ 78,010 $ 78,155 $ 51,636 Nevada Taverns Gaming $ 53,619 $ 53,909 $ 28,128 Food and beverage 51,564 52,002 33,047 Other (1) 4,782 4,259 2,866 Nevada Taverns revenues $ 109,965 $ 110,170 $ 64,041 Distributed Gaming Gaming $ 358,332 $ 351,274 $ 211,027 Food and beverage 716 753 371 Other (1) 6,424 5,387 2,817 Distributed Gaming revenues $ 365,472 $ 357,414 $ 214,215 Corporate and other 3,808 1,237 589 Total Revenues $ 1,121,719 $ 1,096,543 $ 694,155 (1) Includes lease revenue accounted for under ASC 842 for the arrangements in which the Company is a lessor. Refer to “Note 2 — Summary of Significant Accounting Policies” and “Note 12 — Leases” for details. Year Ended December 31, (In thousands) 2022 2021 2020 Adjusted EBITDA Nevada Casino Resorts $ 135,104 $ 149,077 $ 57,462 Nevada Locals Casinos 75,848 80,005 45,610 Maryland Casino Resort 25,383 26,697 15,094 Nevada Taverns 37,610 39,762 10,086 Distributed Gaming 44,021 47,514 16,866 Corporate and other (50,886) (51,337) (34,861) Total Adjusted EBITDA 267,080 291,718 110,257 Adjustments Other non-operating income — 60,000 — Depreciation and amortization (100,123) (106,692) (124,430) Non-cash lease expense (165) (762) (1,344) Share-based compensation (13,433) (14,401) (9,637) Loss on disposal of assets (934) (1,260) (803) Loss on debt extinguishment and modification (1,590) (975) — Preopening and related expenses (1) (161) (246) (533) Severance expenses (378) (228) (3,710) Impairment of goodwill and intangible assets — — (33,964) Other, net (3,939) (2,089) (3,275) Interest expense, net (63,490) (62,853) (69,110) Change in fair value of derivative — — (1) Income tax provision (521) (436) (61) Net income (loss) $ 82,346 $ 161,776 $ (136,611) (1) Preopening and related expenses consist of labor, food, utilities, training, initial licensing, rent and organizational costs incurred in connection with the opening of branded tavern and casino locations as well as food and beverage and other venues within the 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 Nevada Taverns Distributed Gaming Corporate and Other Consolidated Balance at December 31, 2022 $ 784,242 $ 164,580 $ 39,562 $ 145,065 $ 258,260 $ 116,961 $ 1,508,670 Balance at December 31, 2021 $ 811,016 $ 165,362 $ 41,403 $ 149,296 $ 262,046 $ 186,441 $ 1,615,564 Capital Expenditures The Company’s capital expenditures by segment consisted of the following amounts: (In thousands) Nevada Casino Resorts (1) Nevada Locals Casinos (2) Maryland Casino Resort (3) Nevada Taverns (4) Distributed Gaming (5) Corporate and Other (6) Consolidated For the year ended December 31, 2022 $ 26,347 $ 4,035 $ 1,878 $ 2,712 $ 9,146 $ 7,301 $ 51,419 For the year ended December 31, 2021 $ 7,859 $ 2,813 $ 1,447 $ 1,573 $ 9,912 $ 5,655 $ 29,259 For the year ended December 31, 2020 $ 23,649 $ 911 $ 2,531 $ 1,750 $ 5,136 $ 2,525 $ 36,502 (1) Capital expenditures in the Nevada Casino Resorts segment exclude non-cash purchases of property and equipment of $5.0 million, $0.6 million, and $1.1 million as of December 31, 2022, 2021, and 2020, respectively. (2) Capital expenditures in the Nevada Locals Casinos segment exclude non-cash purchases of property and equipment of $0.1 million and $0.2 million as of December 31, 2022 and 2021, respectively. (3) Capital expenditures in the Maryland Casino Resort segment exclude non-cash purchases of property and equipment of $0.5 million as of December 31, 2020. (4) Capital expenditures in the Nevada Taverns segment exclude non-cash purchases of property and equipment of $0.2 million, $0.3 million, and $0.1 million as of December 31, 2022, 2021 and 2020, respectively. (5) Capital expenditures in the Distributed Gaming segment exclude non-cash purchases of property and equipment of $0.3 million and $2.4 million as of December 31, 2021 and 2020, respectively. (6) Capital expenditures for Corporate and Other exclude non-cash purchases of property and equipment of $0.1 million and $0.5 million as of December 31, 2022 and 2021, respectively.

Nature of Business - Additional

Nature of Business - Additional Information (Details) $ in Millions		12 Months Ended
	Aug. 24, 2022 USD ($)	Dec. 31, 2022 location segment property	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Nature of Business [Line Items]
Number of reportable segments | segment		5
COVID-19
Nature of Business [Line Items]
Reduction In rent expense			$ 2.3	$ 11.9
Disposal Group, Held-for-sale, Not Discontinued Operations | Rocky Gap Property
Nature of Business [Line Items]
Aggregate consideration	$ 260
Disposal Group, Held-for-sale, Not Discontinued Operations | Rocky Gap Property | Century Casinos, Inc.
Nature of Business [Line Items]
Proceeds from divestiture of businesses	56.1
Disposal Group, Held-for-sale, Not Discontinued Operations | Rocky Gap Property | VICI Properties, L.P.
Nature of Business [Line Items]
Proceeds from divestiture of businesses	$ 203.9
Nevada and Maryland
Nature of Business [Line Items]
Number of resort casino properties | property		10
Nevada | Nevada Taverns
Nature of Business [Line Items]
Number of tavern locations | location		64

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) slotMachine location shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($) shares	Dec. 31, 2019 USD ($)
Accounting Policies [Line Items]
Cash and cash equivalents	$ 142,034	$ 220,540	$ 103,558	$ 111,678
Cash and cash equivalents included in assets held for sale	5,145	0	0
Amortized to interest expense	$ 4,100	4,300	4,500
Number of casino properties, loyalty program | location	10
Number of participating location, loyalty program | location	140
Number of grandfathered rights slots | slotMachine	15
Gaming tax and licenses expense	$ 73,200	72,200	51,800
Advertising expense	$ 12,200	$ 9,900	$ 6,900
Anti-dilutive potential common share equivalents (in shares) | shares	150,384	0	915,025
Distributed Gaming
Accounting Policies [Line Items]
Costs associated with acquiring new customer	$ 7,300	$ 7,300
Loyalty Program
Accounting Policies [Line Items]
Expiration period of participant points after no activity	13 months

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Property and Equipment, Estimated Useful Lives (Details)	12 Months Ended
	Dec. 31, 2022
Minimum | Building and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	10 years
Minimum | Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	3 years
Minimum | Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	2 years
Maximum | Building and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	40 years
Maximum | Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	15 years
Maximum | Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	15 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Contract Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Outstanding Chip Liability
Movement in Contract with Customer, Liability [Roll Forward]
Balance at January 1	$ 1,184	$ 997
Balance at December 31	1,312	1,184
Increase (decrease)	128	311
Outstanding Chip Liability | Disposal Group, Held-for-sale, Not Discontinued Operations | Rocky Gap Property
Movement in Contract with Customer, Liability [Roll Forward]
Balance at January 1	1,308
Balance at December 31		1,308
Assets held for sale		100
Loyalty Program
Movement in Contract with Customer, Liability [Roll Forward]
Balance at January 1	2,995	3,969
Balance at December 31	2,861	2,995
Increase (decrease)	(134)	(719)
Loyalty Program | Disposal Group, Held-for-sale, Not Discontinued Operations | Rocky Gap Property
Movement in Contract with Customer, Liability [Roll Forward]
Balance at January 1	3,250
Balance at December 31		3,250
Assets held for sale		300
Customer Deposits and Other
Movement in Contract with Customer, Liability [Roll Forward]
Balance at January 1	4,937	3,497
Balance at December 31	5,119	4,937
Increase (decrease)	182	2,159
Customer Deposits and Other | Disposal Group, Held-for-sale, Not Discontinued Operations | Rocky Gap Property
Movement in Contract with Customer, Liability [Roll Forward]
Balance at January 1	$ 5,656
Balance at December 31		5,656
Assets held for sale		$ 700

Assets Held for Sale - Componen

Assets Held for Sale - Components of Assets and Liabilities Held for Sate (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Total current assets held for sale	$ 39,562	$ 0
Current liabilities
Total current liabilities related to assets held for sale	10,187	$ 0
Disposal Group, Held-for-sale, Not Discontinued Operations | Rocky Gap Property
Current assets
Cash and cash equivalents	5,145
Accounts receivables, net	2,354
Prepaid expenses	539
Inventories	548
Other	46
Total current assets held for sale	8,632
Property and equipment, net	23,877
Operating lease right-of-use assets, net	5,980
Intangible assets, net	1,064
Other assets	9
Total assets held for sale	39,562
Current liabilities
Current portion of finance leases	103
Current portion of operating leases	436
Accounts payable	1,195
Accrued payroll and related	1,071
Other accrued liabilities	1,972
Total current liabilities related to assets held for sale	4,777
Non-current finance leases	204
Non-current operating leases	5,206
Total liabilities related to assets held for sale	$ 10,187

Assets Held for Sale - Addition

Assets Held for Sale - Additional Information (Details) - Disposal Group, Held-for-sale, Not Discontinued Operations - Rocky Gap Property - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	$ 78	$ 78.2	$ 51.6
Net income	$ 23	$ 22.2	$ 10.1

Property and Equipment - Compon

Property and Equipment - Components of Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment	$ 1,316,356	$ 1,325,669
Accumulated depreciation	(475,625)	(421,449)
Property and equipment, net	840,731	904,220
Land
Property, Plant and Equipment [Line Items]
Property and equipment	125,240	125,240
Building and improvements
Property, Plant and Equipment [Line Items]
Property and equipment	923,157	937,759
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment	244,735	246,323
Construction in process
Property, Plant and Equipment [Line Items]
Property and equipment	$ 23,224	$ 16,347

Property and Equipment - Additi

Property and Equipment - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 92,700,000	$ 98,600,000	$ 103,400,000
Long-lived assets, impairment charges	$ 0	$ 0	$ 0

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill And Intangible Assets [Line Items]
Impairment of goodwill and intangible assets		$ 0	$ 0	$ 33,964,000
Amortization of intangible assets		$ 7,400,000	$ 8,100,000	$ 21,000,000
Income Approach | Level 3 | Discount Rate | Goodwill
Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs		13.50%	13%
Income Approach | Level 3 | Discount Rate | Indefinite-lived Intangible Assets
Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs		13.50%	13%
Income Approach | Level 3 | Long-term Revenue Growth Rate | Goodwill
Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs		2.50%	2.50%
Income Approach | Level 3 | Long-term Revenue Growth Rate | Indefinite-lived Intangible Assets
Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs		2.50%	2.50%
Income Approach | Minimum | Level 3 | Discount Rate | Goodwill
Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs				12%
Income Approach | Minimum | Level 3 | Discount Rate | Indefinite-lived Intangible Assets
Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs				12%
Income Approach | Minimum | Level 3 | Long-term Revenue Growth Rate | Goodwill
Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs				2%
Income Approach | Minimum | Level 3 | Long-term Revenue Growth Rate | Indefinite-lived Intangible Assets
Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs				2%
Income Approach | Minimum | Level 3 | Royalty Rate | Indefinite-lived Intangible Assets
Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs		1%	1%	0.75%
Income Approach | Maximum | Level 3 | Discount Rate | Goodwill
Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs				13.50%
Income Approach | Maximum | Level 3 | Discount Rate | Indefinite-lived Intangible Assets
Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs				13.50%
Income Approach | Maximum | Level 3 | Long-term Revenue Growth Rate | Goodwill
Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs				3%
Income Approach | Maximum | Level 3 | Long-term Revenue Growth Rate | Indefinite-lived Intangible Assets
Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs				3%
Income Approach | Maximum | Level 3 | Royalty Rate | Indefinite-lived Intangible Assets
Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs		2%	2%	2%
Trade names | Indefinite-lived Intangible Assets
Goodwill And Intangible Assets [Line Items]
Impairment of goodwill and intangible assets	$ 6,900,000
Nevada Casino Resorts | Goodwill
Goodwill And Intangible Assets [Line Items]
Impairment of goodwill and intangible assets	$ 27,100,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Summary of Goodwill Balances by Reportable Segment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 158,396	$ 158,396
Nevada Casino Resorts
Goodwill And Intangible Assets [Line Items]
Goodwill	22,105	22,105
Nevada Locals Casinos
Goodwill And Intangible Assets [Line Items]
Goodwill	38,187	38,187
Maryland Casino Resort
Goodwill And Intangible Assets [Line Items]
Goodwill	0	0
Nevada Taverns
Goodwill And Intangible Assets [Line Items]
Goodwill	20,459	20,459
Distributed Gaming
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 77,645	$ 77,645

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 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	137,041	139,589
Cumulative Amortization	(94,289)	(88,331)
Intangible Assets, Net	42,752	51,258
Gross Carrying Value	190,731	193,279
Intangible Assets, Net	89,552	98,058
Customer relationships
Amortizing intangible assets
Gross Carrying Value	81,105	81,105
Cumulative Amortization	(41,743)	(35,879)
Intangible Assets, Net	$ 39,362	$ 45,226
Customer relationships | Minimum
Amortizing intangible assets
Intangible assets, useful life (in years)	4 years	4 years
Customer relationships | Maximum
Amortizing intangible assets
Intangible assets, useful life (in years)	16 years	16 years
Player relationships
Amortizing intangible assets
Gross Carrying Value	$ 42,990	$ 42,990
Cumulative Amortization	(40,455)	(39,812)
Intangible Assets, Net	$ 2,535	$ 3,178
Player relationships | Minimum
Amortizing intangible assets
Intangible assets, useful life (in years)	2 years	2 years
Player relationships | Maximum
Amortizing intangible assets
Intangible assets, useful life (in years)	14 years	14 years
Non-compete agreements
Amortizing intangible assets
Gross Carrying Value	$ 9,840	$ 9,840
Cumulative Amortization	(9,114)	(8,349)
Intangible Assets, Net	$ 726	$ 1,491
Non-compete agreements | Minimum
Amortizing intangible assets
Intangible assets, useful life (in years)	2 years	2 years
Non-compete agreements | Maximum
Amortizing intangible assets
Intangible assets, useful life (in years)	5 years	5 years
Gaming license
Amortizing intangible assets
Intangible assets, useful life (in years)		15 years
Gross Carrying Value		$ 2,100
Cumulative Amortization		(1,210)
Intangible Assets, Net		$ 890
In-place lease value
Amortizing intangible assets
Intangible assets, useful life (in 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
Intangible assets, useful life (in 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	1,366	1,814
Cumulative Amortization	(1,237)	(1,356)
Intangible Assets, Net	$ 129	$ 458
Other | Minimum
Amortizing intangible assets
Intangible assets, useful life (in years)	4 years	4 years
Other | Maximum
Amortizing intangible assets
Intangible assets, useful life (in 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

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of Estimated Future Amortization Expense Related to Intangible Asset (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 7,209
2024	6,313
2025	5,974
2026	5,869
2027	5,737
Thereafter	11,650
Intangible Assets, Net	$ 42,752	$ 51,258

Accrued Liabilities - Schedule

Accrued Liabilities - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Gaming liabilities	$ 10,952	$ 12,311
Accrued taxes, other than income taxes	9,291	9,035
Interest	6,036	6,168
Other accrued liabilities	5,027	5,549
Deposits	2,059	2,284
Total current accrued liabilities	$ 33,365	$ 35,347

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-term Debt Instruments (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Term Loan	$ 575,000,000	$ 650,000,000
2026 Unsecured Notes	335,461,000	375,000,000
Finance lease liabilities	2,157,000	3,005,000
Notes payable	90,000	602,000
Total long-term debt and finance leases	912,708,000	1,028,607,000
Unamortized discount	(7,899,000)	(11,689,000)
Unamortized debt issuance costs	(3,790,000)	(5,392,000)
Total long-term debt and finance leases after debt issuance costs and discount	901,019,000	1,011,526,000
Current portion of long-term debt and finance leases	(555,000)	(1,057,000)
Long-term debt, net and non-current finance leases	$ 900,464,000	$ 1,010,469,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details)

1 Months Ended

12 Months Ended

Apr. 15, 2024

Apr. 15, 2023

Apr. 15, 2022

Oct. 12, 2021 USD ($)

Apr. 15, 2019 USD ($)

Apr. 30, 2019 USD ($)

Dec. 31, 2022 USD ($) installment

Dec. 31, 2021 USD ($)

Dec. 31, 2020 USD ($)

Dec. 31, 2019 USD ($)

Dec. 31, 2018 USD ($)

Nov. 30, 2017 USD ($)

Oct. 31, 2017 USD ($)

Debt Instrument [Line Items]

Term Loan

$ 575,000,000

$ 650,000,000

Letters of credit outstanding, amount

0

Loss on debt extinguishment and modification

1,590,000

975,000

$ 0

Repayments of term loan

75,000,000

122,000,000

0

Amortization of debt issuance costs and discounts on debt

4,093,000

4,343,000

4,519,000

Debt financing cost and fees

3,790,000

5,392,000

Repurchases of senior notes

39,524,000

0

$ 0

Unsecured notes

335,461,000

375,000,000

Derivative instrument, notional amount

$ 650,000,000

Derivative instrument, purchase price

$ 3,100,000

LIBOR exceeds ceiling rate

2.25%

Revolving Credit Facility

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

240,000,000

Long-term line of credit

$ 0

Revolving Credit Facility | LIBOR rate | Minimum

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

2.50%

Revolving Credit Facility | LIBOR rate | Maximum

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

3%

Revolving Credit Facility | Base rate | Minimum

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.50%

Revolving Credit Facility | Base rate | Maximum

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

2%

Term Loan | LIBOR rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

3%

Senior Secured First Lien Credit Facility

Debt Instrument [Line Items]

Debt instrument, face amount

$ 1,000,000,000

$ 900,000,000

Debt, weighted average interest rate

4.85%

Repayment of debt

$ 18,000,000

$ 18,000,000

Senior Secured First Lien Credit Facility | Maximum

Debt Instrument [Line Items]

Beneficial ownership threshold

50%

Senior Secured First Lien Credit Facility | Fed Funds Effective Rate Overnight Index Swap Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.50%

Senior Secured First Lien Credit Facility | LIBOR rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1%

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

Debt modification costs

$ 700,000

Borrowings as percentage of revolving commitment to contain financial covenant regarding maximum net leverage ratio

30%

Senior Secured First Lien Credit Facility | Revolving Credit Facility | Minimum

Debt Instrument [Line Items]

Line of credit facility, unused capacity, commitment fee percentage

0.375%

Senior Secured First Lien Credit Facility | Revolving Credit Facility | Maximum

Debt Instrument [Line Items]

Line of credit facility, unused capacity, commitment fee percentage

0.50%

Senior Secured First Lien Credit Facility | Revolving Credit Facility | Base floor rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1%

Senior Secured First Lien Credit Facility | Term Loan

Debt Instrument [Line Items]

Debt instrument, face amount

$ 800,000,000

Debt instrument, number of quarterly payments | installment

27

Debt instrument, periodic payment

$ 2,000,000

Debt instrument, final installment

746,000,000

Amortization of debt issuance costs and discounts on debt

$ 500,000

$ 1,000,000

Senior Secured First Lien Credit Facility | Term Loan | Base floor rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.75%

Senior Secured First Lien Credit Facility | Term Loan | LIBOR, floor Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.75%

Senior Secured First Lien Credit Facility | Term Loan | Base rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

2%

Senior Unsecured Notes Due 2026

Debt Instrument [Line Items]

Debt instrument, face amount

$ 375,000,000

Repayment of debt

$ 18,000,000

Debt instrument interest stated percentage

7.625%

7.625%

Debt financing cost and fees

$ 6,700,000

Repurchases of senior notes

$ 39,500,000

Accelerated amortization of debt issuance costs

$ 1,100,000

Debt instrument redemption price percentage

103.813%

Debt instrument repurchase price percentage

101%

Senior Unsecured Notes Due 2026 | Scenario, Forecast

Debt Instrument [Line Items]

Debt instrument redemption price percentage

100%

101.906%

Senior Unsecured Notes Due 2026 | Maximum

Debt Instrument [Line Items]

Beneficial ownership threshold

50%

Senior Secured Second Lien Credit Facility | Term Loan

Debt Instrument [Line Items]

Debt modification costs

3,700,000

Loss on debt extinguishment and modification

$ 5,500,000

Second Lien Term Loan

Debt Instrument [Line Items]

Repayment of debt

$ 200,000,000

Long-Term Debt - Schedule of Pr

Long-Term Debt - Schedule of Principal Payments Due on Long-term Debt (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Debt Disclosure [Abstract]
2023	$ 555
2024	575,158
2025	133
2026	137
2027	335,616
Thereafter	1,109
Total long-term debt and finance leases	$ 912,708

Shareholders_ Equity and Stoc_3

Shareholders’ Equity and Stock Incentive Plans - Additional Information (Details) - USD ($)			12 Months Ended
	Jan. 01, 2022	Aug. 27, 2015	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Nov. 01, 2022	Aug. 03, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining authorized repurchase amount			$ 61,500,000
Proceeds from exercise of stock options			31,000	$ 98,000	$ 0
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from exercise of stock options			100,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of stock options exercised			$ 2,600,000	$ 26,100,000	$ 1,300,000
Dividend rate variable			0%
Stock options, unrecognized share-based compensation expense			$ 0
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, unrecognized share-based compensation expense			$ 6,200,000
Weighted-average period for recognition			7 months 6 days
Performance Stock Units (PSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period			1 year
Vesting period			2 years
Performance Stock Units (PSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period			2 years
Vesting period			1 year
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, unrecognized share-based compensation expense			$ 8,200,000
Weighted-average period for recognition			1 year 2 months 12 days
2015 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration term			10 years
Number of shares authorized (in shares)		2,250,000
Number of shares annual increase (in shares)	1,153,210	1,800,000
Plan shares annual increase, percentage		4%
Maximum number of shares authorized per one participant (in shares)		2,000,000	3,135,469
Common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock repurchase, authorized						$ 75,000,000	$ 50,000,000

Shareholders_ Equity and Stoc_4

Shareholders’ Equity and Stock Incentive Plans - Schedule of Share Repurchase Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Payment Arrangement [Abstract]
Shares repurchased (in shares)	1,113	227	50
Total cost, including brokerage fees	$ 51,202	$ 10,616	$ 950
Average repurchase price per share (USD per share)	$ 46.01	$ 46.87	$ 19

Shareholders_ Equity and Stoc_5

Shareholders’ Equity and Stock Incentive Plans - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Stock Options Outstanding
Stock Options Outstanding, Beginning of year (in shares)	2,141,494	2,891,341	3,126,521
Stock Options Outstanding, Granted (in shares)	0	0	0
Stock Options Outstanding, Exercised (in shares)	(69,500)	(749,847)	(84,875)
Stock Options Outstanding, Cancelled (in shares)	0	0	(2,292)
Stock Options Outstanding, Expired (in shares)	0	0	(148,013)
Stock Options Outstanding, End of year (in shares)	2,071,994	2,141,494	2,891,341	3,126,521
Stock Options Outstanding, Exercisable (in shares)	2,071,994	2,141,494	2,854,813
Weighted Average Remaining Term, Outstanding	3 years 6 months	4 years 6 months	5 years 6 months	6 years 1 month 6 days
Weighted Average Remaining Term, Exercisable	3 years 6 months	4 years 6 months	5 years 6 months
Weighted-Average Exercise Price
Weighted-Average Exercise Price, Beginning of year (USD per share)	$ 11.31	$ 11.07	$ 11.61
Weighted Average Exercise Price, Granted (USD per share)	0	0	0
Weighted Average Exercise Price, Exercised (USD per share)	9.94	10.39	3.88
Weighted Average Exercise Price, Cancelled (USD per share)	0	0	13.50
Weighted Average Exercise Price, Expired (USD per share)	0	0	26.61
Weighted-Average Exercise Price, End of year (USD per share)	11.35	11.31	11.07	$ 11.61
Weighted Average Exercise Price, Exercisable (USD per share)	$ 11.35	$ 11.31	$ 11.04
Aggregate Intrinsic Value, Outstanding	$ 53,966	$ 83,992	$ 25,520
Aggregate Intrinsic Value, Exercisable	$ 53,966	$ 83,992	$ 25,286

Shareholders_ Equity and Stoc_6

Shareholders’ Equity and Stock Incentive Plans - Summary of RSU Activity (Details) - Restricted Stock Units (RSUs) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restricted Stock Units Outstanding
Units Outstanding, Beginning of year (in shares)	815,420	943,957	661,258
Units Outstanding, Granted (in shares)	123,970	318,356	624,415
Units Outstanding, Vested (in shares)	(363,450)	(426,770)	(308,222)
Units Outstanding, Cancelled (in shares)	(28,269)	(20,123)	(33,494)
Units Outstanding, End of year (in shares)	547,671	815,420	943,957
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Beginning of year (USD per share)	$ 18.17	$ 12.06	$ 16.44
Weighted Average Grant Date Fair Value, Granted (USD per share)	51.86	31.46	9.65
Weighted Average Grant Date Fair Value, Vested (USD per share)	17.78	14.20	16.06
Weighted Average Grant Date Fair Value, Cancelled (USD per share)	17.63	26.08	16.58
Weighted Average Grant Date Fair Value, End of year (USD per share)	$ 26.09	$ 18.17	$ 12.06
Total Fair Value of Shares Vested	$ 18,963	$ 14,203	$ 3,336

Shareholders_ Equity and Stoc_7

Shareholders’ Equity and Stock Incentive Plans - Summary of PSU Activity (Details) - Performance Stock Units (PSUs) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restricted Stock Units Outstanding
Units Outstanding, Beginning of year (in shares)	705,577	743,719		376,328	705,577	743,719	376,328
Units Outstanding, Granted (in shares)					83,579	129,503	404,880
Units Outstanding, Performance certification (in shares)					534,383
Units Outstanding, Vested (in shares)					(247,380)	(89,920)	(5,254)
Units Outstanding, Cancelled (in shares)					0	(77,725)	(32,235)
Units Outstanding, End of year (in shares)			743,719		1,076,159	705,577	743,719	376,328
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Beginning of year (USD per share)	$ 13.84	$ 13.82		$ 20.65	$ 13.84	$ 13.82	$ 20.65
Weighted Average Grant Date Fair Value, Granted (USD per share)					53.51	29	8.86
Weighted Average Grant Date Fair Value, Performance certification (USD per share)					0
Weighted Average Grant Date Fair Value, Vested (USD per share)					12.51	25.73	28.72
Weighted Average Grant Date Fair Value, Cancelled (USD per share)					0	25.23	28.72
Weighted Average Grant Date Fair Value, End of year (USD per share)			$ 13.82		$ 17.17	$ 13.84	$ 13.82	$ 20.65
Total Fair Value of Shares Vested					$ 13,030	$ 2,608	$ 47
Percentage of target number of PSU's eligible to vest at "maximum" performance level	200%				200%
2018
Restricted Stock Units Outstanding
Units Outstanding, Vested (in shares)		(71,468)		(5,254)
Units Outstanding, Cancelled (in shares)							(32,235)
Weighted Average Grant Date Fair Value
Actual number of PSUs granted to each recipient, eligible to vest (in shares)				76,722				108,957
2019
Restricted Stock Units Outstanding
Units Outstanding, Vested (in shares)		(18,452)
Weighted Average Grant Date Fair Value
Actual number of PSUs granted to each recipient, eligible to vest (in shares)		189,646	204,580
November 2017
Restricted Stock Units Outstanding
Units Outstanding, Cancelled (in shares)						(62,791)
March 2019
Restricted Stock Units Outstanding
Units Outstanding, Granted (in shares)		171,194			171,194
Units Outstanding, Vested (in shares)		(171,194)
Units Outstanding, Cancelled (in shares)						(14,934)
March 2022
Weighted Average Grant Date Fair Value
Shares issued (in shares)	38,093
March 2020
Restricted Stock Units Outstanding
Units Outstanding, Granted (in shares)					76,186

Shareholders_ Equity and Stoc_8

Shareholders’ Equity and Stock Incentive Plans - Summary of Share-based Compensation Costs by Award Type (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation costs	$ 12,880	$ 13,844	$ 9,525
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation costs	0	191	1,919
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation costs	6,900	6,867	5,264
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation costs	$ 5,980	$ 6,786	$ 2,342

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Provision (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current:
Federal	$ 13,877	$ 0	$ (371)
State	274	95	0
Total current tax provision (benefit)	14,151	95	(371)
Deferred:
Federal	(13,462)	325	430
State	(168)	16	2
Total deferred tax (benefit) provision	(13,630)	341	432
Income tax provision	$ 521	$ 436	$ 61

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Statutory federal tax rate	21%	21%	21%
State income taxes, net of federal income taxes	0.62%	1.41%	0.89%
Permanent tax differences – stock compensation	(6.31%)	(3.93%)	(0.43%)
Permanent tax differences – business meals	0.44%	0.23%	(0.07%)
Permanent tax differences – executive compensation and other	9.27%	2.13%	(0.86%)
Change in valuation allowance	(23.99%)	(19.69%)	(19.09%)
FICA credit generated	(1.09%)	(0.28%)	0.33%
Change in tax rate and apportionment	(0.26%)	(0.03%)	0.11%
Deferred only adjustment to beginning deferred balances	0.95%	(0.57%)	(1.92%)
Effective tax rate	0.63%	0.27%	(0.04%)

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Accruals and reserves	$ 6,350	$ 7,688
Share-based compensation expense	966	5,781
General business credit carryforward	0	489
State tax credits	3,867	4,192
Net operating loss carryforwards	753	6,076
Operating lease obligation	36,483	41,877
Depreciation of fixed assets	6,532	4,875
Other	493	545
Deferred tax assets, gross	55,444	71,523
Valuation allowances	(5,680)	(30,783)
Deferred tax assets, net of valuation allowance	49,764	40,740
Deferred tax liabilities:
Prepaid services	(2,116)	(3,282)
Amortization of intangible assets	(2,895)	(941)
Right-of-use assets	(32,984)	(38,378)
Deferred tax liabilities, gross	(37,995)	(42,601)
Net deferred tax assets (liabilities)	11,769
Net deferred tax assets (liabilities)		(1,861)
Non-current deferred tax assets	11,822	0
Non-current deferred tax liabilities	$ (53)	$ (1,861)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Contingency [Line Items]
Net decrease in valuation allowance	$ 25,100,000
General business credit carryforward	0	$ 489,000
Uncertain tax positions	0
Maryland
Income Tax Contingency [Line Items]
Deferred tax assets, operating loss carryforwards, subject to expiration	70,500,000
General business credit carryforward	$ 3,900,000

Employee Retirement and Benef_3

Employee Retirement and Benefit Plans - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) employee	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, maximum annual contributions per employee, percent	75%
Defined benefit plan, contributions by employer	$ 0.5	$ 0.4	$ 0.6
Defined contribution plan, employers matching contribution, vesting period	5 years
Total contributions for multiemployer pension and benefit plans		5%
Pension Plans
Defined Contribution Plan Disclosure [Line Items]
Number of employees participating in multiemployer benefit and pension plans | employee	1,700
Expenses related multiemployer health and welfare and defined benefit pension plans	$ 11.2	$ 9.1	$ 7.1

Employee Retirement and Benef_4

Employee Retirement and Benefit Plans - Schedule of Multiemployer Pension Plans (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Central Pension Fund of the IUOE and Participating Employers
Multiemployer Plans [Line Items]
Pension Protection Zone Status		Green	Green
FIR/RP Status Pending/Implemented	No
Surcharge Imposed	No
Expiration Date Of Collective- Bargaining Agreement	Mar. 31, 2022
Southern Nevada Culinary and Bartenders Pension Plan
Multiemployer Plans [Line Items]
Pension Protection Zone Status		Green	Green
FIR/RP Status Pending/Implemented	No
Surcharge Imposed	No
Expiration Date Of Collective- Bargaining Agreement	May 31, 2023

Employee Retirement and Benef_5

Employee Retirement and Benefit Plans - Schedule of Contributions to Each Multiemployer Pension Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Multiemployer pension plans
Multiemployer Plans [Line Items]
Total contributions	$ 2,913	$ 2,428	$ 2,043
Multiemployer pension plans | Central Pension Fund of the IUOE and Participating Employers
Multiemployer Plans [Line Items]
Total contributions	691	637	545
Multiemployer pension plans | Southern Nevada Culinary and Bartenders Pension Plan
Multiemployer Plans [Line Items]
Total contributions	2,054	1,645	1,356
Multiemployer pension plans | Other pension plans
Multiemployer Plans [Line Items]
Total contributions	168	146	142
Multiemployer benefit plans (excluding pension plans)
Multiemployer Plans [Line Items]
Total contributions	8,014	6,353	5,219
Multiemployer benefit plans (excluding pension plans) | HEREIU Welfare Fund
Multiemployer Plans [Line Items]
Total contributions	8,007	6,353	5,216
Multiemployer benefit plans (excluding pension plans) | All other
Multiemployer Plans [Line Items]
Total contributions	$ 7	$ 0	$ 3

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements - Schedule of Fair Value Measurement Information about Long-term Debt (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Term Loan	$ 575,000,000	$ 650,000,000
2026 Unsecured Notes	335,461,000	375,000,000
Finance lease liabilities	2,157,000	3,005,000
Notes payable	90,000	602,000
Carrying Amount
Debt Instrument [Line Items]
Total debt	912,708,000	1,028,607,000
Carrying Amount | Level 2
Debt Instrument [Line Items]
Term Loan	575,000,000	650,000,000
2026 Unsecured Notes	335,461,000	375,000,000
Carrying Amount | Level 3
Debt Instrument [Line Items]
Finance lease liabilities	2,157,000	3,005,000
Notes payable	90,000	602,000
Fair Value
Debt Instrument [Line Items]
Total debt	907,877,000	1,045,358,000
Fair Value | Level 2
Debt Instrument [Line Items]
Term Loan	575,000,000	650,813,000
2026 Unsecured Notes	330,630,000	390,938,000
Fair Value | Level 3
Debt Instrument [Line Items]
Finance lease liabilities	2,157,000	3,005,000
Notes payable	$ 90,000	$ 602,000

Leases - Additional Information

Leases - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Lessor, Lease, Description [Line Items]
Current portion of finance leases [Extensible enumeration]	Current portion of long-term debt and finance leases	Current portion of long-term debt and finance leases
Non-current finance leases [Extensible enumeration]	Long-term debt, net and non-current finance leases	Long-term debt, net and non-current finance leases
Minimum
Lessor, Lease, Description [Line Items]
Lease remaining term of contract excluding land	1 year
Operating leases renewal term	1 year
Operating leases, termination period	60 days
Lease remaining term	1 year
Operating leases renewal term	1 year
Maximum
Lessor, Lease, Description [Line Items]
Lease remaining term of contract excluding land	75 years
Operating leases renewal term	25 years
Operating leases, termination period	1 year
Lease remaining term	10 years
Operating leases renewal term	15 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease cost	$ 55,907	$ 54,131
Variable lease cost	17,943	20,449
Short-term lease cost	4,796	4,862
Total operating lease cost	78,646	79,442
Amortization of leased assets	934	1,693
Interest on lease liabilities	114	300
Total finance lease cost	$ 1,048	$ 1,993

Leases - Summary of Supplementa

Leases - Summary of Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used under operating lease agreements	$ 55,846	$ 53,527
Operating cash flows used under finance lease agreements	109	293
Financing cash flows used under finance lease agreements	$ 541	$ 6,179	$ 2,588

Leases - Summary of Supplemen_2

Leases - Summary of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Operating leases
Operating lease right-of-use assets, gross	$ 193,565	$ 221,732
Accumulated amortization	(45,672)	(42,481)
Operating lease right-of-use assets, net	147,893	179,251
Current portion of operating leases	42,200	40,151
Non-current operating leases	121,979	155,098
Total operating lease liabilities	164,179	195,249
Finance leases
Property and equipment, gross	5,719	6,278
Accumulated depreciation	(3,341)	(2,407)
Property and equipment, net	2,378	3,871
Current portion of finance leases	465	546
Non-current finance leases	1,692	2,459
Total finance lease liabilities	$ 2,157	$ 3,005

Leases - Summary of Additional

Leases - Summary of Additional Information Related to Leases (Details)	Dec. 31, 2022	Dec. 31, 2021
Weighted Average Remaining Lease Term
Operating leases	7 years 6 months	7 years 9 months 18 days
Finance leases	18 years	16 years 4 months 24 days
Weighted Average Discount Rate
Operating leases	5.90%	5.70%
Finance leases	6.40%	6.10%

Leases - Summary of Maturities

Leases - Summary of Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Operating Leases
2023	$ 50,372
2024	43,268
2025	26,378
2026	16,933
2027	12,755
Thereafter	54,674
Total lease payments	204,380
Amount of interest	(40,201)
Present value of lease liabilities	164,179	$ 195,249
Finance Leases
2023	521
2024	227
2025	200
2026	200
2027	214
Thereafter	3,213
Total lease payments	4,575
Amount of interest	(2,418)
Present value of lease liabilities	2,157	$ 3,005
Lease Liabilities
2023	50,893
2024	43,495
2025	26,578
2026	17,133
2027	12,969
Thereafter	57,887
Total lease payments	208,955
Amount of interest	(42,619)
Lease Liabilities	$ 166,336

Leases - Summary of Minimum and

Leases - Summary of Minimum and Contingent Operating Lease Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Minimum rental income	$ 7,380	$ 6,041	$ 3,913
Contingent rental income	4,071	3,169	1,840
Total rental income	$ 11,451	$ 9,210	$ 5,753

Leases - Summary of Future Mini

Leases - Summary of Future Minimum Rental Payments to be Received Under Operating Leases (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Operating Leases
2023	$ 5,025
2024	4,913
2025	4,875
2026	4,072
2027	1,173
Thereafter	1,371
Total future minimum rent payments	$ 21,429

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) employee	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	May 26, 2021 USD ($)
Commitments And Contingencies [Line Items]
Proceeds received from change in ownership	$ (3,939)	$ (2,089)	$ (3,275)
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
Blake L. Sartini
Commitments And Contingencies [Line Items]
Liability contingency, estimated severance payments	4,800
Stephen Arcana
Commitments And Contingencies [Line Items]
Liability contingency, estimated severance payments	3,200
Charles H. Protell
Commitments And Contingencies [Line Items]
Liability contingency, estimated severance payments	2,600
Blake L. Sartini II
Commitments And Contingencies [Line Items]
Liability contingency, estimated severance payments	$ 1,000
Collective Bargaining Agreements
Commitments And Contingencies [Line Items]
Number of employees | employee	6,400
Number of employees covered under the plan | employee	1,700
Gaming
Commitments And Contingencies [Line Items]
Cost of goods and services sold	$ 428,984	416,197	275,041
Participation Agreements | Related Party Transaction, Participation Agreement | Gaming
Commitments And Contingencies [Line Items]
Cost of goods and services sold	$ 215,000	$ 211,500	133,200
Related party transaction, amounts of transaction			$ 700

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($)				1 Months Ended	12 Months Ended
	Nov. 23, 2022	May 18, 2022	Dec. 22, 2020	Nov. 30, 2018	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Total revenues					$ 1,121,719,000	$ 1,096,543,000	$ 694,155,000
Shares repurchased (in shares)					1,113,000	227,000	50,000
Shares repurchased					$ 51,202,000	$ 10,616,000	$ 950,000
Accumulated Deficit
Related Party Transaction [Line Items]
Shares repurchased					51,192,000	10,613,000	950,000
Affiliated Entity | Mr. Sartini
Related Party Transaction [Line Items]
Due from related parties					0		0
Reimbursement expense paid					600,000	800,000	500,000
Due to related parties					100,000	200,000
Affiliated Entity | Sean T. Higgins
Related Party Transaction [Line Items]
Total revenues							800,000
Gaming expenses							700,000
Affiliated Entity | Lyle A. Berman
Related Party Transaction [Line Items]
Shares repurchased (in shares)			50,000
Shares repurchased (USD per share)			$ 19
Affiliated Entity | Lyle A. Berman | Accumulated Deficit
Related Party Transaction [Line Items]
Shares repurchased			$ 1,000,000
Affiliated Entity | Anthony A. Marnell III
Related Party Transaction [Line Items]
Shares repurchased (in shares)	263,418	210,000
Shares repurchased (USD per share)	$ 41.35	$ 42.61
Affiliated Entity | Anthony A. Marnell III | Accumulated Deficit
Related Party Transaction [Line Items]
Shares repurchased	$ 10,900,000	$ 8,900,000
Affiliated Entity | Office Headquarters
Related Party Transaction [Line Items]
Due from related parties					$ 0	0
Affiliated Entity | Office Headquarters | Mr. Sartini
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party					33%
Related party transaction, amounts of transaction						500,000	1,600,000
Affiliated Entity | Office Headquarters | Mr. Sartini's Immediate Family Members
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party					5%
Affiliated Entity | Office Headquarters | Stephen Arcana
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party					3%
Affiliated Entity | Office Headquarters, Sublet | Mr. Sartini
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction					$ 100,000	100,000	100,000
Affiliated Entity | Cost-sharing Arrangements | Sartini Enterprises
Related Party Transaction [Line Items]
Due from related parties					0
Affiliated Entity | Office Space Lease | Mr. Sartini
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party				33%
Related party transaction, amounts of transaction					$ 300,000	$ 300,000	$ 100,000
Affiliated Entity | Office Space Lease | Mr. Sartini's Immediate Family Members
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party				5%
Affiliated Entity | Office Space Lease | Mr. Arcana
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party				3%

Segment Information - Additiona

Segment Information - Additional Information (Details) location in Thousands	12 Months Ended
	Dec. 31, 2022 slotMachine segment location mi
Segment Reporting Information [Line Items]
Number of reportable segments | segment	5
Nevada Taverns
Segment Reporting Information [Line Items]
Number of onsite slots within tavern | slotMachine	15
Distributed Gaming
Segment Reporting Information [Line Items]
Number of non-casino Locations | location	1
Nevada Locals Casinos
Segment Reporting Information [Line Items]
Number of mile radius for local customers | mi	5

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Total revenues	$ 1,121,719,000	$ 1,096,543,000	$ 694,155,000
Adjusted EBITDA	267,080,000	291,718,000	110,257,000
Other non-operating income	0	60,000,000	0
Depreciation and amortization	(100,123,000)	(106,692,000)	(124,430,000)
Non-cash lease expense	(165,000)	(762,000)	(1,344,000)
Share-based compensation	(13,433,000)	(14,401,000)	(9,637,000)
Loss on disposal of assets	(934,000)	(1,260,000)	(803,000)
Loss on debt extinguishment and modification	(1,590,000)	(975,000)	0
Preopening and related expenses	(161,000)	(246,000)	(533,000)
Severance expenses	(378,000)	(228,000)	(3,710,000)
Impairment of goodwill and intangible assets	0	0	(33,964,000)
Other, net	(3,939,000)	(2,089,000)	(3,275,000)
Interest expense, net	(63,490,000)	(62,853,000)	(69,110,000)
Change in fair value of derivative	0	0	(1,000)
Income tax provision	(521,000)	(436,000)	(61,000)
Net income (loss)	82,346,000	161,776,000	(136,611,000)
Assets	1,508,670,000	1,615,564,000
Capital expenditures	51,419,000	29,259,000	36,502,000
Capital expenditures	5,386,000	1,933,000	3,585,000
Gaming
Revenues
Total revenues	760,906,000	766,307,000	476,753,000
Food and beverage
Revenues
Total revenues	175,363,000	167,815,000	112,081,000
Rooms
Revenues
Total revenues	122,324,000	109,802,000	71,411,000
Other
Revenues
Total revenues	63,126,000	52,619,000	33,910,000
Operating Segments | Nevada Casino Resorts
Revenues
Total revenues	406,950,000	389,712,000	250,643,000
Adjusted EBITDA	135,104,000	149,077,000	57,462,000
Assets	784,242,000	811,016,000
Capital expenditures	26,347,000	7,859,000	23,649,000
Capital expenditures	5,000,000	600,000	1,100,000
Operating Segments | Nevada Casino Resorts | Gaming
Revenues
Total revenues	175,014,000	179,793,000	114,571,000
Operating Segments | Nevada Casino Resorts | Food and beverage
Revenues
Total revenues	89,424,000	83,092,000	55,588,000
Operating Segments | Nevada Casino Resorts | Rooms
Revenues
Total revenues	104,375,000	94,952,000	61,070,000
Operating Segments | Nevada Casino Resorts | Other
Revenues
Total revenues	38,137,000	31,875,000	19,414,000
Operating Segments | Nevada Locals Casinos
Revenues
Total revenues	157,514,000	159,855,000	113,031,000
Adjusted EBITDA	75,848,000	80,005,000	45,610,000
Assets	164,580,000	165,362,000
Capital expenditures	4,035,000	2,813,000	911,000
Capital expenditures	100,000	200,000
Operating Segments | Nevada Locals Casinos | Gaming
Revenues
Total revenues	114,388,000	120,537,000	82,522,000
Operating Segments | Nevada Locals Casinos | Food and beverage
Revenues
Total revenues	25,219,000	24,036,000	18,406,000
Operating Segments | Nevada Locals Casinos | Rooms
Revenues
Total revenues	10,162,000	7,626,000	5,598,000
Operating Segments | Nevada Locals Casinos | Other
Revenues
Total revenues	7,745,000	7,656,000	6,505,000
Operating Segments | Maryland Casino Resort
Revenues
Total revenues	78,010,000	78,155,000	51,636,000
Adjusted EBITDA	25,383,000	26,697,000	15,094,000
Assets	39,562,000	41,403,000
Capital expenditures	1,878,000	1,447,000	2,531,000
Capital expenditures			500,000
Operating Segments | Maryland Casino Resort | Gaming
Revenues
Total revenues	59,553,000	60,797,000	40,505,000
Operating Segments | Maryland Casino Resort | Food and beverage
Revenues
Total revenues	8,440,000	7,932,000	4,669,000
Operating Segments | Maryland Casino Resort | Rooms
Revenues
Total revenues	7,787,000	7,224,000	4,743,000
Operating Segments | Maryland Casino Resort | Other
Revenues
Total revenues	2,230,000	2,202,000	1,719,000
Operating Segments | Nevada Taverns
Revenues
Total revenues	109,965,000	110,170,000	64,041,000
Adjusted EBITDA	37,610,000	39,762,000	10,086,000
Assets	145,065,000	149,296,000
Capital expenditures	2,712,000	1,573,000	1,750,000
Capital expenditures	200,000	300,000	100,000
Operating Segments | Nevada Taverns | Gaming
Revenues
Total revenues	53,619,000	53,909,000	28,128,000
Operating Segments | Nevada Taverns | Food and beverage
Revenues
Total revenues	51,564,000	52,002,000	33,047,000
Operating Segments | Nevada Taverns | Other
Revenues
Total revenues	4,782,000	4,259,000	2,866,000
Operating Segments | Distributed Gaming
Revenues
Total revenues	365,472,000	357,414,000	214,215,000
Adjusted EBITDA	44,021,000	47,514,000	16,866,000
Assets	258,260,000	262,046,000
Capital expenditures	9,146,000	9,912,000	5,136,000
Capital expenditures		300,000	2,400,000
Operating Segments | Distributed Gaming | Gaming
Revenues
Total revenues	358,332,000	351,274,000	211,027,000
Operating Segments | Distributed Gaming | Food and beverage
Revenues
Total revenues	716,000	753,000	371,000
Operating Segments | Distributed Gaming | Other
Revenues
Total revenues	6,424,000	5,387,000	2,817,000
Corporate and other
Revenues
Total revenues	3,808,000	1,237,000	589,000
Adjusted EBITDA	(50,886,000)	(51,337,000)	(34,861,000)
Assets	116,961,000	186,441,000
Capital expenditures	7,301,000	5,655,000	$ 2,525,000
Capital expenditures	$ 100,000	$ 500,000

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - Deferred income tax valuation allowance - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 30,783	$ 62,724	$ 36,652
Increase	0	0	26,072
Decrease	(25,103)	(31,941)	0
Balance at End of Period	$ 5,680	$ 30,783	$ 62,724