Golden Entertainment (GDEN) 10-Q 8 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Oct. 28, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	000-24993
Entity Registrant Name	GOLDEN ENTERTAINMENT, INC.
Entity Incorporation, State or Country Code	MN
Entity Tax Identification Number	41-1913991
Entity Address, Address Line One	6595 S Jones Boulevard
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89118
City Area Code	702
Local Phone Number	893-7777
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	GDEN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		27,428,951
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001071255
Current Fiscal Year End Date	--12-31

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 68,551	$ 157,550
Accounts receivable, net of allowance for credit losses of $85 and $696 at September 30, 2024 and December 31, 2023, respectively	13,535	16,951
Prepaid expenses	14,912	22,042
Inventories	7,569	8,097
Other	925	531
Assets held for sale	0	204,271
Total current assets	105,492	409,442
Property and equipment, net	764,990	786,145
Operating lease right-of-use assets, net	80,758	79,396
Goodwill	88,313	84,325
Intangible assets, net	54,684	53,935
Deferred income tax assets	0	29,508
Other assets	7,347	9,532
Total assets	1,101,584	1,452,283
Current liabilities
Current portion of long-term debt and finance leases	5,294	4,596
Current portion of operating leases	14,955	13,745
Accounts payable	19,392	18,702
Income tax payable	6,090	42,055
Accrued payroll and related	18,821	21,406
Accrued liabilities	30,200	34,639
Liabilities related to assets held for sale	0	39,233
Total current liabilities	94,752	174,376
Long-term debt, net and non-current finance leases	386,274	658,521
Non-current operating leases	80,953	81,325
Deferred income tax liabilities	26,263	0
Other long-term obligations	210	328
Total liabilities	588,452	914,550
Commitments and contingencies (Note 10)
Shareholders’ equity
Common stock, $.01 par value; authorized 100,000 shares; 27,563 and 28,669 common shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	276	287
Additional paid-in capital	480,282	475,970
Retained earnings	32,574	61,476
Total shareholders’ equity	513,132	537,733
Total liabilities and shareholders’ equity	$ 1,101,584	$ 1,452,283

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit losses	$ 85	$ 696
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)	27,563,000	28,669,000
Common stock, shares outstanding (in shares)	27,563,000	28,669,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues
Total revenues	$ 161,233	$ 257,726	$ 502,614	$ 822,458
Expenses
Other	4,276	5,487	11,140	17,222
Selling, general and administrative	57,056	67,727	173,130	196,856
Depreciation and amortization	22,626	22,213	67,362	67,175
Gain on disposal of assets	(256)	(5)	(242)	(125)
Gain on sale of business	0	(305,829)	(68,944)	(305,829)
Preopening expenses	234	50	377	575
Total expenses (income)	154,505	(65,983)	402,209	430,361
Operating income	6,728	323,709	100,405	392,097
Non-operating expense
Interest expense, net	(7,959)	(15,306)	(27,255)	(52,345)
Loss on debt extinguishment and modification	0	0	(4,446)	(405)
Total non-operating expense, net	(7,959)	(15,306)	(31,701)	(52,750)
(Loss) income before income tax benefit (provision)	(1,231)	308,403	68,704	339,347
Income tax benefit (provision)	6,398	(67,187)	(20,951)	(74,219)
Net income	$ 5,167	$ 241,216	$ 47,753	$ 265,128
Weighted-average common shares outstanding
Basic (in shares)	28,153	28,827	28,557	28,662
Diluted (in shares)	29,408	30,794	30,141	30,900
Net income per share
Basic (USD per share)	$ 0.18	$ 8.37	$ 1.67	$ 9.25
Diluted (USD per share)	$ 0.18	$ 7.83	$ 1.58	$ 8.58
Gaming
Revenues
Total revenues	$ 75,684	$ 165,177	$ 240,880	$ 535,619
Expenses
Cost of goods and services sold	20,141	94,820	67,796	307,126
Food and beverage
Revenues
Total revenues	41,849	44,507	128,623	137,312
Expenses
Cost of goods and services sold	34,226	33,576	102,702	101,243
Rooms
Revenues
Total revenues	28,938	31,417	89,760	92,912
Expenses
Cost of goods and services sold	16,202	15,978	48,888	46,118
Other
Revenues
Total revenues	$ 14,762	$ 16,625	$ 43,351	$ 56,615

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	(Accumulated Deficit) Retained Earnings
Beginning balance (in shares) at Dec. 31, 2022		28,179
Beginning balance at Dec. 31, 2022	$ 352,920	$ 282	$ 480,060	$ (127,422)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock on options exercised and restricted stock units vested (in shares)		658
Issuance of stock on options exercised and restricted stock units vested	6	$ 6
Share-based compensation	3,290		3,290
Tax benefit from share-based compensation	(15,373)		(15,373)
Net income	11,630			11,630
Ending balance (in shares) at Mar. 31, 2023		28,837
Ending balance at Mar. 31, 2023	352,473	$ 288	467,977	(115,792)
Beginning balance (in shares) at Dec. 31, 2022		28,179
Beginning balance at Dec. 31, 2022	$ 352,920	$ 282	480,060	(127,422)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common stock (in shares)	(252)
Repurchase of common stock	$ (9,134)
Net income	265,128
Ending balance (in shares) at Sep. 30, 2023		28,616
Ending balance at Sep. 30, 2023	545,584	$ 286	474,450	70,848
Beginning balance (in shares) at Mar. 31, 2023		28,837
Beginning balance at Mar. 31, 2023	352,473	$ 288	467,977	(115,792)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock on options exercised and restricted stock units vested (in shares)		20
Issuance of stock on options exercised and restricted stock units vested	1	$ 1
Share-based compensation	3,288		3,288
Net income	12,282			12,282
Ending balance (in shares) at Jun. 30, 2023		28,857
Ending balance at Jun. 30, 2023	$ 368,044	$ 289	471,265	(103,510)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock on options exercised and restricted stock units vested (in shares)		11
Repurchase of common stock (in shares)	(252)	(252)
Repurchase of common stock	$ (9,134)	$ (3)		(9,131)
Share-based compensation	3,434		3,434
Tax benefit from share-based compensation	(249)		(249)
Cash dividend paid	(57,727)			(57,727)
Net income	241,216			241,216
Ending balance (in shares) at Sep. 30, 2023		28,616
Ending balance at Sep. 30, 2023	$ 545,584	$ 286	474,450	70,848
Beginning balance (in shares) at Dec. 31, 2023	28,669	28,669
Beginning balance at Dec. 31, 2023	$ 537,733	$ 287	475,970	61,476
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock on options exercised and restricted stock units vested (in shares)		280
Issuance of stock on options exercised and restricted stock units vested	3	$ 3
Share-based compensation	3,041		3,041
Tax benefit from share-based compensation	(5,881)		(5,881)
Dividend payable	(7,237)			(7,237)
Net income	41,963			41,963
Ending balance (in shares) at Mar. 31, 2024		28,949
Ending balance at Mar. 31, 2024	$ 569,622	$ 290	473,130	96,202
Beginning balance (in shares) at Dec. 31, 2023	28,669	28,669
Beginning balance at Dec. 31, 2023	$ 537,733	$ 287	475,970	61,476
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common stock (in shares)	(1,804)
Repurchase of common stock	$ (55,351)
Net income	$ 47,753
Ending balance (in shares) at Sep. 30, 2024	27,563	27,563
Ending balance at Sep. 30, 2024	$ 513,132	$ 276	480,282	32,574
Beginning balance (in shares) at Mar. 31, 2024		28,949
Beginning balance at Mar. 31, 2024	569,622	$ 290	473,130	96,202
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock on options exercised and restricted stock units vested (in shares)		355
Issuance of stock on options exercised and restricted stock units vested	3,155	$ 3	3,152
Repurchase of common stock (in shares)		(989)
Repurchase of common stock	(29,530)	$ (10)		(29,520)
Share-based compensation	2,346		2,346
Tax benefit from share-based compensation	(61)		(61)
Dividend payable	(7,123)			(7,123)
Net income	623			623
Ending balance (in shares) at Jun. 30, 2024		28,315
Ending balance at Jun. 30, 2024	539,032	$ 283	478,567	60,182
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock on options exercised and restricted stock units vested (in shares)		63
Issuance of stock on options exercised and restricted stock units vested	$ 1	$ 1
Repurchase of common stock (in shares)	(815)	(815)
Repurchase of common stock	$ (25,821)	$ (8)		(25,813)
Share-based compensation	2,924		2,924
Tax benefit from share-based compensation	(1,209)		(1,209)
Dividend payable	(6,962)			(6,962)
Net income	$ 5,167			5,167
Ending balance (in shares) at Sep. 30, 2024	27,563	27,563
Ending balance at Sep. 30, 2024	$ 513,132	$ 276	$ 480,282	$ 32,574

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net income	$ 47,753	$ 265,128
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	67,362	67,175
Non-cash lease (benefit) expense	(298)	14
Share-based compensation	8,311	10,012
Amortization of debt issuance costs and discounts on debt	1,816	3,113
Gain on disposal of assets	(242)	(125)
Gain on sale of business	(68,944)	(305,829)
Provision for credit losses	105	750
Deferred income taxes	55,771	(2,990)
Loss on debt extinguishment and modification	4,446	405
Changes in operating assets and liabilities:
Accounts receivable	3,864	126
Prepaid expenses, inventories and other current assets	4,425	16,494
Other assets	(1,527)	71
Accounts payable and other accrued expenses	(88,317)	74,326
Income tax payable	35,965	0
Other liabilities	(678)	(345)
Net cash provided by operating activities	69,812	128,325
Cash flows from investing activities
Purchase of property and equipment, net of change in construction payables	(41,696)	(71,745)
Proceeds from disposal of property and equipment	1	296
Proceeds from sale of business, net of cash transferred to buyer	204,066	365,046
Acquisition of business, net of cash acquired	(7,250)	0
Net cash provided by investing activities	155,121	293,597
Cash flows from financing activities
Repayments of term loan	(3,000)	(576,000)
Issuance of new term loan	0	400,000
Repayment of senior notes	(276,453)	0
Repayments of notes payable	(661)	(1,205)
Principal payments under finance leases	(871)	(409)
Payment for debt extinguishment and modification costs	(6)	(8,011)
Tax withholding on share-based payments	(7,151)	(15,622)
Dividend paid	(14,360)	(57,727)
Proceeds from options exercised and issuance of common stock, net	3,159	7
Repurchases of common stock	(54,639)	(9,134)
Net cash used in financing activities	(353,982)	(268,101)
Change in cash and cash equivalents	(129,049)	153,821
Balance, beginning of period	197,600	142,034
Balance, end of period	68,551	295,855
Supplemental cash flow disclosures
Cash paid for interest	35,361	45,337
Cash paid for income taxes	8,900	9,000
Non-cash investing and financing activities
Assets acquired under finance lease obligations	3,631	0
Payables incurred for capital expenditures	2,250	4,157
Notes payable incurred for capital expenditures	0	3,571
Dividend payable	6,968	0
Loss on debt extinguishment and modification	4,446	405
Operating lease right-of-use assets obtained in exchange for lease obligations	$ 11,619	$ 1,069

Nature of Business and Basis of

Nature of Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Nature of Business and Basis of Presentation	Nature of Business and Basis of Presentation Overview Golden Entertainment, Inc. and its wholly-owned subsidiaries own and operate a diversified entertainment platform, consisting of a portfolio of gaming assets that focus on casino and branded tavern operations. The Company’s portfolio includes eight casino properties located in Nevada and 72 branded taverns targeting local patrons located primarily in the greater Las Vegas, Nevada metropolitan area. Unless otherwise indicated, the term the “Company” refers to Golden Entertainment, Inc. together with its subsidiaries. As of September 30, 2024, the Company conducted its business through three reportable segments: Nevada Casino Resorts, Nevada Locals Casinos and Nevada Taverns. Each reportable segment was comprised of the following properties and operations: Reportable Segments Location Nevada Casino Resorts The STRAT Hotel, Casino & Tower (“The STRAT”) Las Vegas, Nevada Aquarius Casino Resort (“Aquarius”) Laughlin, Nevada Edgewater Casino Resort (“Edgewater”) 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 Nevada Taverns 72 branded tavern locations Nevada The Company completed the sales of Rocky Gap Casino Resort (“Rocky Gap”) on July 25, 2023 for aggregate cash consideration of $260.0 million, its distributed gaming operations in Montana on September 13, 2023 for cash consideration of $109.0 million plus working capital and other adjustments and net of cash transferred at closing, and its distributed gaming operations in Nevada on January 10, 2024 for cash consideration of $213.5 million plus working capital and other adjustments and net of cash transferred at closing. Prior to their sale, the operations of Rocky Gap were presented in the Company’s Maryland Casino Resort reportable segment, and the results of the distributed gaming operations in Montana were combined with the results of the distributed gaming operations in Nevada and presented in the Company’s Distributed Gaming reportable segment. Refer to the discussion in “ Note 2 — Divestitures ” and “ Note 11 — Segment Information ” for further information. On November 21, 2023, the Company acquired the operations of Lucky’s Lounge & Restaurant (“Lucky’s”), comprised of four tavern locations in Nevada, for cash consideration of $10.0 million, as part of an expansion of the Company’s branded tavern portfolio. On April 22, 2024, the Company acquired the operations of Great American Pub (“GAP”), comprised of two tavern locations in Nevada, for cash consideration of $7.3 million. The acquired Lucky’s and GAP taverns have been included in the Company’s Nevada Taverns reportable segment from the date of acquisition. Basis of Presentation The unaudited consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to interim financial information. Accordingly, certain information normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) has been condensed and/or omitted. For further information, refer to the audited consolidated financial statements of the Company for the year ended December 31, 2023 and the notes thereto included in the Company’s Annual Report on Form 10-K (the “Annual Report”) previously filed with the SEC. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments, which included only normal recurring adjustments, necessary to present fairly the Company’s results for the periods presented. Results for interim periods should not be considered indicative of the results to be expected for the full year and should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report. The accompanying unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. Reclassifications were made to the Company’s prior period consolidated financial statements to conform to the current period presentation, where applicable. These reclassifications had no effect on previously reported net income. Significant Accounting Policies There have been no changes to the significant accounting policies disclosed in the Company’s Annual Report. Net Income per Share Basic net income per share is calculated by dividing net income by the weighted-average common shares outstanding. Diluted net income per share in profitable periods reflects the effect of all potentially dilutive common shares outstanding by dividing net income by the weighted average of all common and potentially dilutive shares outstanding. In the event of a net loss, diluted shares are not considered because of their anti-dilutive effect. Diluted net income per share excluded the weighted-average effect of 110,137 and 68,239 shares of common stock for the three months ended September 30, 2024 and 2023, respectively, related to time-based restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”) due to such shares being anti-dilutive. There were no anti-dilutive shares for the nine months ended September 30, 2024 and 2023. Recent Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates (“ASUs”) to the FASB’s Accounting Standards Codification. The Company considers the applicability and impact of all ASUs. While management continues to assess the possible impact of the adoption of new accounting standards and the future adoption of the new accounting standards that are not yet effective on the Company’s financial statements, management currently believes that the following new standards have or may have an impact on the Company’s consolidated financial statements and disclosures: Accounting Standards Issued But Not Yet Adopted In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The standard is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024 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. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The provisions of this ASU are intended to enhance the transparency and decision usefulness of income tax disclosures to address investor requests for more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The standard is effective for fiscal years beginning after December 15, 2024 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. In November 2024, the FASB issued ASU No. 2024-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The provisions of this ASU are intended to improve disclosures about a public entity’s expenses by providing additional information about specific expense categories in the notes to the financial statements. The standard is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027 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.

Divestitures

Divestitures	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	Divestitures As discussed in “ Note 1 — Nature of Business and Basis of Presentation ,” the Company completed the sales of Rocky Gap and its distributed gaming operations in Montana and Nevada on July 25, 2023, September 13, 2023 and January 10, 2024, respectively. Operations of Rocky Gap had historically been presented in the Company’s Maryland Casino Resort reportable segment. The Company incurred $8.5 million in transaction costs since the announcement of the Rocky Gap sale on August 25, 2022, $8.3 million of which were incurred in 2023. The results of the distributed gaming operations in Montana were combined with the results of the distributed gaming operations in Nevada and had historically been presented in the Company’s Distributed Gaming reportable segment. Since the announcement of the distributed gaming operations sale on March 3, 2023, the Company incurred $0.8 million and $0.4 million in transaction costs related to the sales of the distributed gaming operations in Montana and Nevada, respectively, for the year ended December 31, 2023. The Company incurred an additional $2.3 million in transaction costs related to the sale of the distributed gaming operations in Nevada during the nine months ended September 30, 2024. The Company recorded transaction costs in selling, general and administrative expenses as incurred. 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. Gains or losses associated with the disposal of assets held for sale are recorded within operating expenses, and the Company ceases recording depreciation and amortization of the long-lived assets included in the sale from the date of execution of the definitive agreement for the sale. The assets and liabilities of the distributed gaming operations in Nevada classified as held for sale as of December 31, 2023, and subsequently sold on January 10, 2024, are presented in the table below: December 31, 2023 (In thousands) Distributed Gaming - Nevada ASSETS Current assets Cash and cash equivalents $ 40,050 Accounts receivables, net 1,945 Prepaid expenses 1,018 Other 2,298 Total current assets held for sale 45,311 Property and equipment, net 21,221 Operating lease right-of-use assets, net 33,601 Goodwill 69,452 Intangible assets, net 28,379 Other assets 6,307 Total assets held for sale $ 204,271 LIABILITIES Current liabilities Current portion of long-term debt and finance leases $ 1,131 Current portion of operating leases 23,323 Accounts payable 1,826 Accrued payroll and related 1,123 Other accrued liabilities 1,151 Total current liabilities related to assets held for sale 28,554 Non-current operating leases 10,614 Other long-term obligations 65 Total liabilities related to assets held for sale $ 39,233 The following information presents the revenues and pretax income generated by Rocky Gap and the Company’s distributed gaming operations in Montana and Nevada previously reported as held for sale and divested on July 25, 2023, September 13, 2023 and January 10, 2024, respectively: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2024 2023 2024 2023 Maryland Casino Resort Revenues $ — $ 5,723 $ — $ 43,456 Pretax income — 1,625 — 12,435 Distributed Gaming- Montana Revenues $ — $ 24,205 $ — $ 80,878 Pretax income — 2,925 — 8,883 Distributed Gaming- Nevada Revenues $ — $ 57,667 $ 6,019 $ 180,479 Pretax income — 5,137 476 16,122

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment, net, consisted of the following: (In thousands) September 30, 2024 December 31, 2023 Land $ 125,240 $ 125,240 Building and improvements 978,682 955,859 Furniture and equipment 211,635 190,048 Construction in process 8,602 10,561 Property and equipment 1,324,159 1,281,708 Accumulated depreciation (559,169) (495,563) Property and equipment, net $ 764,990 $ 786,145 Depreciation expense for property and equipment, includ ing finance leases, was $22.0 million and $65.6 million for the three and nine months ended September 30, 2024, respectively, and $21.9 million and $65.2 million for the three and nine months ended September 30, 2023, 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. The Company concluded that there was no impairment of the Company’s long-lived assets for the three and nine months ended September 30, 2024 and 2023.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2024
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 during the fourth quarter of each year, and whenever events or circumstances indicate that it is more likely than not that the carrying value of a reporting unit exceeds its fair value. Finite-lived intangible assets are evaluated for potential impairment whenever there is an indicator that the carrying value of an asset group may not be recoverable. Based on the results of its interim impairment assessments conducted during the three and nine months ended September 30, 2024 and 2023, the Company concluded that there was no impairment of the Company’s goodwill and intangible assets. The following table summarizes goodwill balances by reportable segment: (In thousands) Nevada Casino Resorts Nevada Locals Casinos Nevada Taverns Total Goodwill Balance, December 31, 2023 $ 22,105 $ 38,187 $ 24,033 $ 84,325 Goodwill acquired (1) — — 3,988 3,988 Balance, September 30, 2024 $ 22,105 $ 38,187 $ 28,021 $ 88,313 (1) Related to the acquisition of GAP taverns discussed in “ Note 1 — Nature of Business and Basis of Presentation .” Intangible assets, net, consisted of the following: September 30, 2024 (In thousands) Useful Life (Years) Gross Carrying Value Cumulative Amortization Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 55,524 $ — $ (6,890) $ 48,634 55,524 — (6,890) 48,634 Amortizing intangible assets Player relationships 2-14 44,268 (41,681) — 2,587 Non-compete agreements 2-5 7,147 (3,684) — 3,463 51,415 (45,365) — 6,050 Balance, September 30, 2024 $ 106,939 $ (45,365) $ (6,890) $ 54,684 December 31, 2023 (In thousands) Useful Life (Years) Gross Carrying Value Cumulative Amortization Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 54,790 $ — $ (6,890) $ 47,900 54,790 — (6,890) 47,900 Amortizing intangible assets Player relationships 2-14 43,916 (41,050) — 2,866 Non-compete agreements 2-5 5,747 (2,578) — 3,169 49,663 (43,628) — 6,035 Balance, December 31, 2023 $ 104,453 $ (43,628) $ (6,890) $ 53,935 Total amortization expense related to intangible assets was $0.6 million and $1.8 million for the three and nine months ended September 30, 2024, respectively, and $0.3 million and $2.0 million for the three and nine months ended September 30, 2023, respectively.

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consisted of the following: (In thousands) September 30, 2024 December 31, 2023 Gaming liabilities $ 10,950 $ 10,726 Dividend payable 6,968 — Other accrued liabilities 4,966 4,538 Accrued taxes, other than income taxes 4,810 5,193 Deposits 2,424 1,855 Interest 82 4,572 Uncertain tax positions payable — 7,755 Total current accrued liabilities $ 30,200 $ 34,639

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt, net and finance leases consisted of the following: (In thousands) September 30, 2024 December 31, 2023 Term Loan B-1 $ 395,000 $ 398,000 2026 Unsecured Notes — 276,453 Finance lease liabilities 3,961 1,691 Notes payable — 438 Total long-term debt and finance leases 398,961 676,582 Unamortized discount (3,854) (7,423) Unamortized debt issuance costs (3,539) (6,042) Total long-term debt and finance leases after debt issuance costs and discount 391,568 663,117 Current portion of long-term debt and finance leases (5,294) (4,596) Long-term debt, net and finance leases $ 386,274 $ 658,521 Senior Secured Credit Facility The Company’s senior secured credit facility with JPMorgan Chase Bank, N.A. (as administrative agent and collateral agent) (the “Credit Facility”) comprises a $400 million term loan B-1 facility (the “Term Loan B-1”) and a $240 million revolving credit facility (the “Revolving Credit Facility”). As of September 30, 2024, the Company had $395 million in principal amount of outstanding Term Loan B-1 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. On May 26, 2023, the Company modified the terms of the Credit Facility by (1) extending the maturity date of the Revolving Credit Facility from April 20, 2024 to the earlier of May 26, 2028 and 91 days prior to April 15, 2026, the stated maturity date of the Company’s 7.625% Senior Notes due 2026 (“2026 Unsecured Notes”), for so long as any indebtedness remains outstanding under the 2026 Unsecured Notes (the “Springing Maturity Date”), and (2) establishing Term Loan B-1 with a maturity date of the earlier of May 26, 2030 and the Springing Maturity Date. Term Loan B-1 was fully drawn at the time of such modification, with the proceeds thereof used to repay a portion of the Company’s then-existing term loan B borrowings under the Credit Facility (the “Term Loan B”). The remainder of the Term Loan B was repaid in full in July 2023 using a portion of the proceeds from the sale of Rocky Gap. On April 15, 2024, the Company redeemed and repaid in full all of its 2026 Unsecured Notes, thereby eliminating the Springing Maturity Date provision, meaning that the maturity date of the Revolving Credit Facility is now fixed at May 26, 2028 and the maturity date of the Term Loan B-1 is now fixed at May 26, 2030. On May 29, 2024, the Company further modified the terms of the Credit Facility to reduce the interest rate margins applicable to borrowings under the Term Loan B-1. Under the amended Credit Facility, the Term Loan B-1 bears interest, at the Company’s option, at either (1) a base rate determined pursuant to customary market terms (subject to a floor of 1.50%), plus a margin of 1.25%, or (2) the Term SOFR rate for the applicable interest period (subject to a floor of 0.50%), plus a margin of 2.25%. The modification eliminated the Term SOFR credit spread adjustment of 0.10% with respect to the Company’s Term Loan B-1. The Company incurred $0.9 million in fees and recorded a loss on debt modification of less than $0.1 million for the debt issuance costs and discount related to the Term Loan B-1 as a result of this modification of the Credit Facility. The modification did not amend the terms of the Revolving Credit Facility. The weighted-average effective interest rate on the Company’s outstanding borrowings under the Credit Facility for the three and nine months ended September 30, 2024 was 7.56% and 7.90%, respectively . Borrowings under the Revolving Credit Facility bear interest, at the Company’s option, at either (1) a base rate determined pursuant to customary market terms (subject to a floor of 1.00%), plus a margin ranging from 1.00% to 1.50% based on the Company’s net leverage ratio, or (2) the Term SOFR rate for the applicable interest period plus a credit spread adjustment of 0.10%, plus a margin ranging from 2.00% to 2.50% based on the Company’s net leverage ratio. The Term Loan B-1 is repayable in quarterly installments of $1 million each, which commenced in September 2023, followed by a final installment of $373 million due at maturity. The Company was in compliance with its financial and other covenants under the Credit Facility as of September 30, 2024. 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 bore interest at 7.625%, payable semi-annually on April 15 th and October 15 th of each year. On April 15, 2024, the Company redeemed and repaid in full all of its 2026 Unsecured Notes for an aggregate amount equal to $287.0 million, consisting of $276.5 million in principal and $10.5 million in accrued and unpaid interest, and discharged all of the Company’s obligations under the indenture governing the 2026 Unsecured Notes. The Company recorded a $4.4 million loss on debt extinguishment primarily related to the debt issuance costs and discount written off upon

Shareholders_ Equity and Stock

Shareholders’ Equity and Stock Incentive Plans	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Shareholders’ Equity and Stock Incentive Plans	Shareholders’ Equity and Stock Incentive Plans Share Repurchase Program On July 27, 2023, the Company’s Board of Directors increased its share repurchase program to $100 million. Share repurchases may be made from time to time in open market transactions, through block trades, pursuant to a Rule 10b5-1 trading plan or in private transactions in accordance with applicable securities laws and regulations and other legal requirements, including compliance with the Company’s finance agreements. Share repurchases may be made at management’s discretion based on market conditions and financial resources and there is no minimum number of shares that the Company is required to repurchase. The repurchase program may be suspended or discontinued at any time without prior notice. As of September 30, 2024, the Company had $35.6 million of remaining share repurchase availability under its July 27, 2023 authorization. The following table includes the Company’s share repurchase activity for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands, except per share data) Shares repurchased (1) (2) 815 252 1,804 252 Total cost, including brokerage fees $ 25,821 $ 9,134 $ 55,351 $ 9,134 Average repurchase price per share (3) $ 31.65 $ 36.17 $ 30.67 $ 36.17 (1) All repurchased shares were retired and constitute authorized but unissued shares. Shares repurchased to settle employee tax withholding related to the vesting of RSUs or exercise of options are not included in the table above. (2) During the three months ended September 30, 2024, all of the shares were repurchased pursuant to a Rule 10b5-1 trading plan. (3) Figures in the table may not recalculate exactly due to rounding. Average repurchase price per share is calculated based on unrounded numbers. Subsequent to the end of the third quarter of 2024, from October 1, 2024 through October 4, 2024, the Company repurchased an additional 134,613 shares of its common stock at an average price of $31.19 per share for a total purchase price of $4.2 million pursuant to a Rule 10b5-1 trading plan, thereby reducing the remaining share repurchase availability to $31.4 million under its July 27, 2023 authorization. Additionally, on November 5, 2024, the Company’s Board of Directors increased the Company’s share repurchase authorization by $100.0 million, creating $131.4 million of availability under the Company’s share repurchase program. Dividends On February 27, 2024, the Company’s Board of Directors declared a recurring quarterly cash dividend of $0.25 per share of the Company’s common stock. The dividends declared and included in the periods presented were as follows: Declaration Date Record Date Payment Date Amount per Share Aggregate Amount (in thousands) February 27, 2024 March 18, 2024 April 4, 2024 $ 0.25 $ 7,237 May 2, 2024 June 14, 2024 July 2, 2024 0.25 7,123 August 6, 2024 September 17, 2024 October 2, 2024 0.25 6,968 Subsequent to the end of the third quarter of 2024, o n November 5, 2024, the Company’s Board of Directors authorized its recurring quarterly cash dividend of $0.25 per share of the Company’s common stock payable on January 7, 2025 to shareholders of record as of December 20, 2024. Stock Options The following table summarizes the Company’s stock option activity: Stock Options Shares Weighted-Average Exercise Price Outstanding at January 1, 2024 1,911,354 $ 9.19 Granted — $ — Exercised (366,000) $ 9.38 Cancelled — $ — Expired — $ — Outstanding at September 30, 2024 1,545,354 $ 9.14 Exercisable at September 30, 2024 1,545,354 $ 9.14 There was no share-based compensation expense related to stock options for the three and nine months ended September 30, 2024 and 2023. The Company did not have any remaining unrecognized share-based compensation expense related to stock options as of September 30, 2024 and 2023. Restricted Stock Units The following table summarizes the Company’s activity related to RSUs and PSUs: RSUs PSUs Shares Weighted-Average Grant Date Fair Value Shares Weighted-Average Grant Date Fair Value Outstanding at January 1, 2024 428,762 $ 34.09 471,935 (1) $ 36.40 Granted 232,766 $ 33.57 131,906 (2) $ 34.06 Vested (284,525) $ 28.71 (272,362) (3) $ 29.00 Cancelled (9,350) $ 38.82 (42,568) (4) $ 41.83 Outstanding at September 30, 2024 367,653 $ 37.67 288,911 $ 41.33 ( 1) Includes PSUs granted in March 2021 (“2021 PSU Awards”) at 200% of the target (based on awards deemed “earned”), PSUs granted in March 2022 at 89.6% of the target (based on awards deemed “earned”) and PSUs granted in March 2023 (“2023 PSU Awards”) at 100% of the target. (2) The number of shares for the PSUs listed as granted represents the “target” number of PSUs issued 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. (3) Represents 2021 PSU Awards that vested in March 2024 at 200% of the target PSUs. (4) The Company’s financi al results for the performance goals applicable to the 2023 PSU Awards were certified during the three months ended March 31, 2024 and 69.3% of the target 2023 PSU Awards were deemed “earned.” This resulted in the reduction of the PSUs listed as granted in March 2023 to the number of PSUs eligible to vest from 120,825 to 83,724. In addition, 5,467 shares of 2023 PSU Awards were forfeited during the nine months ended September 30, 2024. Share-based compensation expense related to RSUs was $1.9 million and $5.2 million for the three and nine months ended September 30, 2024, respectively, and $2.0 million and $5.8 million for the three and nine months ended September 30, 2023, respectively. Share-based compensation expense related to PSUs was $1.0 million and $3.1 million for the three and nine months ended September 30, 2024, respectively, and $1.4 million and $4.2 million for the three and nine months ended September 30, 2023, respectively. As of September 30, 2024, there was $9.5 million and $5.8 million of unrecognized share-based compensati on expense related to RSUs and PSUs, respectively, which is expected to be recognized over a weighted-average period of 1.9 years and 1.7 years for RSUs and PSUs, respectively. As of September 30, 2023, there was $9.1 million and $7.0 million of unrecognized share-based compensation expense related to RSUs and PSUs, respectively, which was expected to be recognized over a weighted-average period of 1.4 years and 1.1 years for RSUs and PSUs, respectively. As of September 30, 2024, a total of 4,332,929 shares of the Company’s common stock remained available for grants of awards under the Golden Entertainment, Inc. 2015 Incentive Award Plan, which includes the annual increase in the number of shares available for grant on January 1, 2024 of 1,146,766 shares.

Income Tax

Income Tax	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Tax	Income Tax The following table includes the Company’s effective income tax rate calculations for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except for tax rate) 2024 2023 2024 2023 (Loss) income before income tax benefit (provision) $ (1,231) $ 308,403 $ 68,704 $ 339,347 Income tax benefit (provision) 6,398 (67,187) (20,951) (74,219) Effective tax rate 519.7 % 21.8 % 30.5 % 21.9 % On April 30, 2024, the Internal Revenue Service (the “IRS”) notified the Company that the review of the Company’s 2017 and 2018 federal income tax returns was completed. As a result of the review, the Company’s fixed asset classification and related net operating losses for the respective tax years were adjusted and the Company recorded uncertain tax positions (“UTP”) payable until the historical filings were amended and submitted to the IRS. The Company filed the amended tax returns with the IRS such that no UTP remained as of September 30, 2024. As a result, the Company’s income tax benefit (provision) for the three and nine months ended September 30, 2024 included a net tax benefit from the decrease in UTP payable, interest and penalties.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	Financial Instruments and Fair Value Measurements Estimates of fair value for financial assets and liabilities are based on the framework established in the accounting guidance for fair value measurements. The framework defines fair value, provides guidance for measuring fair value and requires certain disclosures. The framework discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow) and the cost approach (cost to replace the service capacity of an asset or replacement cost). The framework utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: • Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. • Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. • Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions. Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. Thus, assets and liabilities categorized as Level 3 may be measured at fair value using inputs that are observable (Levels 1 and 2) and unobservable (Level 3). Management’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of assets and liabilities and their placement within the fair value hierarchy levels. Financial Instruments The carrying values of the Company’s cash and cash equivalents, accounts receivable and accounts payable approximate fair value because of the short duration of these financial instruments. The following table summarizes the fair value measurement of the Company’s long-term debt: September 30, 2024 (In thousands) Carrying Amount Fair Value Fair Value Hierarchy Term Loan B-1 $ 395,000 $ 394,506 Level 2 Finance lease liabilities 3,961 3,961 Level 3 Total debt $ 398,961 $ 398,467 December 31, 2023 (In thousands) Carrying Amount Fair Value Fair Value Hierarchy Term Loan B-1 $ 398,000 $ 399,493 Level 2 2026 Unsecured Notes 276,453 277,144 Level 2 Finance lease liabilities 1,691 1,691 Level 3 Notes payable 438 438 Level 3 Total debt $ 676,582 $ 678,766 The estimated fair value of the Company’s Term Loan B-1 was based on a relative value analysis performed as of September 30, 2024 and December 31, 2023, and the estimated fair value of the Company’s 2026 Unsecured Notes was based on a relative value analysis performed as of December 31, 2023. As discussed in “ Note 6 — Long-Term Debt ,” the Company redeemed and repaid in full all of its 2026 Unsecured Notes on April 15, 2024 such that no obligations under the indenture governing the 2026 Unsecured Notes remained as of September 30, 2024. The finance lease liabilities and notes payable are fixed-rate debt, are not traded and do not have observable market inputs, and therefore, their fair value was estimated to be equal to the carrying value.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Participation Agreements Prior to their sale, the Company’s distributed gaming operations included slot placement contracts in the form of participation agreements. Under participation agreements, the Company and the business location each held 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 retained a percentage of the gaming revenue generated from the Company’s slot machines. The Company was considered to be the principal in these arrangements and therefore, recorded 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 $3.9 million for the nine months ended September 30, 2024, and $50.0 million and $156.2 million for the three and nine months ended September 30, 2023, respectively. Legal Matters and Other From time to time, the Company is involved in a variety of lawsuits, claims, investigations and other legal proceedings arising in the ordinary course of business, including proceedings concerning labor and employment matters, personal injury claims, breach of contract claims, commercial disputes, business practices, intellectual property, tax and other matters for which the Company records reserves. Although lawsuits, claims, investigations and other legal proceedings are inherently uncertain and their results cannot be predicted with certainty, the Company believes that the resolution of its currently pending matters should not have a material adverse effect on its business, financial condition, results of operations or liquidity. Regardless of the outcome, legal proceedings can have an adverse impact on the Company because of defense costs, diversion of management resources and other factors. In addition, it is possible that an unfavorable resolution of one or more such proceedings could in the future materially and adversely affect the Company’s business, financial condition, results of operations or liquidity in a particular period.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information As of September 30, 2024, the Company conducted its business through three reportable segments: Nevada Casino Resorts, Nevada Locals Casinos and Nevada Taverns. 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 of these properties. The Company’s locals casino properties typically experience a higher frequency of customer visits compared to its casino resort properties, 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 Nevada Taverns segment is comprised of branded tavern locations that 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. Prior to the sale of the Company’s distributed gaming operations in Nevada, the Company owned and operated the slot machines located within each tavern. Following the sale, slot machines at the Company’s branded tavern locations are owned and operated by the independent third party that acquired the distributed gaming operations from the Company. As discussed in “ Note 1 — Nature of Business and Basis of Presentation ,” the Company completed the sales of Rocky Gap and its distributed gaming operations in Montana and Nevada on July 25, 2023, September 13, 2023 and January 10, 2024, respectively. Prior to its sale, the operations of Rocky Gap were presented in the Company’s Maryland Casino Resort reportable segment. Prior to their sale, the results of the distributed gaming operations in Montana were combined with the results of the distributed gaming operations in Nevada and presented in the Company’s Distributed Gaming reportable segment. The Corporate and Other segment includes certain unallocated corporate overhead costs not easily allocable to reportable segments as 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 maker 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 depreciation and amortization, non-cash lease expense, share-based compensation expense, gain or loss on disposal of assets and business, loss on debt extinguishment and modification, preopening and related expenses, interest, income taxes, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results, calculated before corporate overhead (which is not allocated to each reportable segment). Due to the Company’s use of Adjusted EBITDA as its measure of profit for its reportable segments, the Company includes a reconciliation of the total of the Company’s consolidated Adjusted EBITDA to the Company’s consolidated net income determined in accordance with GAAP. The Company also discloses Adjusted EBITDA at the reportable segment level, as set forth in the table below: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2024 2023 2024 2023 Revenues Nevada Casino Resorts Gaming $ 38,619 $ 40,289 $ 117,221 $ 121,207 Food and beverage 23,242 24,782 71,456 73,486 Rooms 26,968 28,394 82,795 80,957 Other 10,718 12,059 30,180 32,612 Nevada Casino Resorts revenues $ 99,547 $ 105,524 $ 301,652 $ 308,262 Nevada Locals Casinos Gaming $ 25,241 $ 27,254 $ 79,272 $ 85,699 Food and beverage 6,376 6,482 19,951 19,737 Rooms 1,970 2,395 6,965 7,633 Other 1,818 1,770 6,074 5,899 Nevada Locals Casinos revenues $ 35,405 $ 37,901 $ 112,262 $ 118,968 Nevada Taverns Gaming $ 11,824 $ 12,985 $ 38,406 $ 39,197 Food and beverage 12,231 12,387 37,199 38,654 Other 1,987 1,168 6,396 3,601 Nevada Taverns revenues $ 26,042 $ 26,540 $ 82,001 $ 81,452 Distributed Gaming Gaming $ — $ 80,425 $ 5,981 $ 256,357 Food and beverage — 189 17 554 Other — 1,258 21 4,446 Distributed Gaming revenues $ — $ 81,872 $ 6,019 $ 261,357 Maryland Casino Resort Gaming $ — $ 4,224 $ — $ 33,159 Food and beverage — 667 — 4,881 Rooms — 628 — 4,322 Other — 204 — 1,094 Maryland Casino Resort revenues $ — $ 5,723 $ — $ 43,456 Corporate and Other 239 166 680 8,963 Total revenues $ 161,233 $ 257,726 $ 502,614 $ 822,458 Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2024 2023 2024 2023 Adjusted EBITDA Nevada Casino Resorts $ 24,614 $ 30,837 $ 78,897 $ 90,592 Nevada Locals Casinos 14,274 16,878 48,738 56,509 Nevada Taverns 5,317 7,519 20,669 24,507 Distributed Gaming — 8,441 484 28,175 Maryland Casino Resort — 1,626 — 12,652 Corporate and Other (10,191) (12,116) (32,590) (38,673) Total Adjusted EBITDA 34,014 53,185 116,198 173,762 Adjustments Depreciation and amortization (22,626) (22,213) (67,362) (67,175) Non-cash lease benefit (expense) 65 10 298 (14) Share-based compensation (2,969) (3,444) (8,688) (10,625) Gain on disposal of assets 256 5 242 125 Gain on sale of business — 305,829 68,944 305,829 Loss on debt extinguishment and modification — — (4,446) (405) Preopening and related expenses (1) (234) (50) (377) (575) Other, net (1,778) (9,613) (8,850) (9,230) Interest expense, net (7,959) (15,306) (27,255) (52,345) Income tax benefit (provision) 6,398 (67,187) (20,951) (74,219) Net income $ 5,167 $ 241,216 $ 47,753 $ 265,128 (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 taverns and food and beverage and other venues within the casino locations. Assets The Company’s assets by reportable segment consisted of the following amounts: (In thousands) Nevada Casino Resorts Nevada Locals Casinos Nevada Taverns Distributed Gaming Corporate and Other Consolidated Balance at September 30, 2024 $ 726,962 $ 158,781 $ 155,695 $ — $ 60,146 $ 1,101,584 Balance at December 31, 2023 $ 758,622 $ 160,059 $ 148,250 $ 204,271 $ 181,081 $ 1,452,283

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions 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 Blake L. Sartini, 3% beneficially owned by Stephen A. Arcana, and 1.67% beneficially owned by each of Mr. Sartini’s three children (including Blake L. Sartini II). Mr. Sartini serves as the Chairman of the Board and Chief Executive Officer of the Company and is co-trustee of The Blake L. Sartini and Delise F. Sartini Family Trust, which is a significant shareholder of the Company. Mr. Arcana serves as the Company’s Chief Development Officer. Mr. Sartini II serves as the Company’s Chief Operating Officer. The lease commenced in August 2020 and expires on December 31, 2030. The rent expense for the space was $0.1 million for each of the three months ended September 30, 2024 and 2023, and $0.2 million for each of the nine months ended September 30, 2024 and 2023 . A portion of the Company’s office headquarters building is sublet to Sartini Enterprises, Inc., a company controlled by Mr. Sartini. Rental income for each of the three and nine months ended September 30, 2024 and 2023 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 September 30, 2024 and December 31, 2023. 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 various 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 reviews the cost-sharing arrangements and reimbursements on a regular basis. On August 6, 2024, the Audit Committee of the Board of Directors approved an amendment to the aircraft time-sharing, co-user and cost-sharing agreement in connection with Sartini Enterprises, Inc.’s purchase of the aircraft. The terms and conditions of the amendment are materially consistent with the original agreement. The Company incurred less than $0.1 million under the aircraft time-sharing, co-user and various cost-sharing agreements with Sartini Enterprises, Inc. for each of the three and nine months ended September 30, 2024, and $0.2 million and $0.3 million for the three and nine months ended September 30, 2023, respectively. The Company was owed $0.1 million under such agreements as of September 30, 2024 and December 31, 2023.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company’s management evaluates subsequent events through the date of issuance of the consolidated financial statements. As discussed in “ Note 7 — Shareholders’ Equity and Stock Incentive Plans ,” subsequent to the end of the third quarter of 2024, from October 1, 2024 through October 4, 2024, the Company repurchased an additional 134,613 shares of its common stock at an average price of $31.19 per share for a total purchase price of $4.2 million pursuant to a Rule 10b5-1 trading plan. Additionally, on November 5, 2024, the Company’s Board of Directors increased the Company’s share repurchase authorization by $100.0 million, creating $131.4 million of availability under the Company’s share repurchase program. The Company’s Board of Directors also authorized its recurring quarterly cash dividend of $0.25 per share of the Company’s common stock payable on January 7, 2025 to shareholders of record as of December 20, 2024. There were no additional subsequent events that occurred after September 30, 2024 but prior to the date of issuance of the consolidated financial statements that would require adjustment to or disclosure in the consolidated financial statements as of and for the three months ended September 30, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 5,167	$ 623	$ 41,963	$ 241,216	$ 12,282	$ 11,630	$ 47,753	$ 265,128

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Nature of Business and Basis _2

Nature of Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to interim financial information. Accordingly, certain information normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) has been condensed and/or omitted. For further information, refer to the audited consolidated financial statements of the Company for the year ended December 31, 2023 and the notes thereto included in the Company’s Annual Report on Form 10-K (the “Annual Report”) previously filed with the SEC. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments, which included only normal recurring adjustments, necessary to present fairly the Company’s results for the periods presented. Results for interim periods should not be considered indicative of the results to be expected for the full year and should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report. The accompanying unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. Reclassifications were made to the Company’s prior period consolidated financial statements to conform to the current period presentation, where applicable. These reclassifications had no effect on previously reported net income.
Net Income per Share	Net Income per Share Basic net income per share is calculated by dividing net income by the weighted-average common shares outstanding. Diluted net income per share in profitable periods reflects the effect of all potentially dilutive common shares outstanding by dividing net income by the weighted average of all common and potentially dilutive shares outstanding. In the event of a net loss, diluted shares are not considered because of their anti-dilutive effect. Diluted net income per share excluded the weighted-average effect of 110,137 and 68,239 shares of common stock for the three months ended September 30, 2024 and 2023, respectively, related to time-based restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”) due to such shares being anti-dilutive. There were no anti-dilutive shares for the nine months ended September 30, 2024 and 2023.
Recent Accounting Pronouncements and Accounting Standards Issued But Not Yet Adopted	Recent Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates (“ASUs”) to the FASB’s Accounting Standards Codification. The Company considers the applicability and impact of all ASUs. While management continues to assess the possible impact of the adoption of new accounting standards and the future adoption of the new accounting standards that are not yet effective on the Company’s financial statements, management currently believes that the following new standards have or may have an impact on the Company’s consolidated financial statements and disclosures: Accounting Standards Issued But Not Yet Adopted In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The standard is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024 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. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The provisions of this ASU are intended to enhance the transparency and decision usefulness of income tax disclosures to address investor requests for more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The standard is effective for fiscal years beginning after December 15, 2024 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. In November 2024, the FASB issued ASU No. 2024-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The provisions of this ASU are intended to improve disclosures about a public entity’s expenses by providing additional information about specific expense categories in the notes to the financial statements. The standard is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027 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 and Basis _3

Nature of Business and Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Schedule of Operating Segments	Each reportable segment was comprised of the following properties and operations: Reportable Segments Location Nevada Casino Resorts The STRAT Hotel, Casino & Tower (“The STRAT”) Las Vegas, Nevada Aquarius Casino Resort (“Aquarius”) Laughlin, Nevada Edgewater Casino Resort (“Edgewater”) 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 Nevada Taverns 72 branded tavern locations Nevada

Divestitures (Tables)

Divestitures (Tables)	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Assets Held for Sale	The assets and liabilities of the distributed gaming operations in Nevada classified as held for sale as of December 31, 2023, and subsequently sold on January 10, 2024, are presented in the table below: December 31, 2023 (In thousands) Distributed Gaming - Nevada ASSETS Current assets Cash and cash equivalents $ 40,050 Accounts receivables, net 1,945 Prepaid expenses 1,018 Other 2,298 Total current assets held for sale 45,311 Property and equipment, net 21,221 Operating lease right-of-use assets, net 33,601 Goodwill 69,452 Intangible assets, net 28,379 Other assets 6,307 Total assets held for sale $ 204,271 LIABILITIES Current liabilities Current portion of long-term debt and finance leases $ 1,131 Current portion of operating leases 23,323 Accounts payable 1,826 Accrued payroll and related 1,123 Other accrued liabilities 1,151 Total current liabilities related to assets held for sale 28,554 Non-current operating leases 10,614 Other long-term obligations 65 Total liabilities related to assets held for sale $ 39,233 The following information presents the revenues and pretax income generated by Rocky Gap and the Company’s distributed gaming operations in Montana and Nevada previously reported as held for sale and divested on July 25, 2023, September 13, 2023 and January 10, 2024, respectively: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2024 2023 2024 2023 Maryland Casino Resort Revenues $ — $ 5,723 $ — $ 43,456 Pretax income — 1,625 — 12,435 Distributed Gaming- Montana Revenues $ — $ 24,205 $ — $ 80,878 Pretax income — 2,925 — 8,883 Distributed Gaming- Nevada Revenues $ — $ 57,667 $ 6,019 $ 180,479 Pretax income — 5,137 476 16,122

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Components of Property and Equipment	Property and equipment, net, consisted of the following: (In thousands) September 30, 2024 December 31, 2023 Land $ 125,240 $ 125,240 Building and improvements 978,682 955,859 Furniture and equipment 211,635 190,048 Construction in process 8,602 10,561 Property and equipment 1,324,159 1,281,708 Accumulated depreciation (559,169) (495,563) Property and equipment, net $ 764,990 $ 786,145

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill Balances by Reportable Segment	The following table summarizes goodwill balances by reportable segment: (In thousands) Nevada Casino Resorts Nevada Locals Casinos Nevada Taverns Total Goodwill Balance, December 31, 2023 $ 22,105 $ 38,187 $ 24,033 $ 84,325 Goodwill acquired (1) — — 3,988 3,988 Balance, September 30, 2024 $ 22,105 $ 38,187 $ 28,021 $ 88,313 (1) Related to the acquisition of GAP taverns discussed in “ Note 1 — Nature of Business and Basis of Presentation .”
Schedule of Intangible Assets	Intangible assets, net, consisted of the following: September 30, 2024 (In thousands) Useful Life (Years) Gross Carrying Value Cumulative Amortization Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 55,524 $ — $ (6,890) $ 48,634 55,524 — (6,890) 48,634 Amortizing intangible assets Player relationships 2-14 44,268 (41,681) — 2,587 Non-compete agreements 2-5 7,147 (3,684) — 3,463 51,415 (45,365) — 6,050 Balance, September 30, 2024 $ 106,939 $ (45,365) $ (6,890) $ 54,684 December 31, 2023 (In thousands) Useful Life (Years) Gross Carrying Value Cumulative Amortization Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 54,790 $ — $ (6,890) $ 47,900 54,790 — (6,890) 47,900 Amortizing intangible assets Player relationships 2-14 43,916 (41,050) — 2,866 Non-compete agreements 2-5 5,747 (2,578) — 3,169 49,663 (43,628) — 6,035 Balance, December 31, 2023 $ 104,453 $ (43,628) $ (6,890) $ 53,935
Schedule of Intangible Assets	Intangible assets, net, consisted of the following: September 30, 2024 (In thousands) Useful Life (Years) Gross Carrying Value Cumulative Amortization Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 55,524 $ — $ (6,890) $ 48,634 55,524 — (6,890) 48,634 Amortizing intangible assets Player relationships 2-14 44,268 (41,681) — 2,587 Non-compete agreements 2-5 7,147 (3,684) — 3,463 51,415 (45,365) — 6,050 Balance, September 30, 2024 $ 106,939 $ (45,365) $ (6,890) $ 54,684 December 31, 2023 (In thousands) Useful Life (Years) Gross Carrying Value Cumulative Amortization Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 54,790 $ — $ (6,890) $ 47,900 54,790 — (6,890) 47,900 Amortizing intangible assets Player relationships 2-14 43,916 (41,050) — 2,866 Non-compete agreements 2-5 5,747 (2,578) — 3,169 49,663 (43,628) — 6,035 Balance, December 31, 2023 $ 104,453 $ (43,628) $ (6,890) $ 53,935

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following: (In thousands) September 30, 2024 December 31, 2023 Gaming liabilities $ 10,950 $ 10,726 Dividend payable 6,968 — Other accrued liabilities 4,966 4,538 Accrued taxes, other than income taxes 4,810 5,193 Deposits 2,424 1,855 Interest 82 4,572 Uncertain tax positions payable — 7,755 Total current accrued liabilities $ 30,200 $ 34,639

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt, Net and Finance Leases	Long-term debt, net and finance leases consisted of the following: (In thousands) September 30, 2024 December 31, 2023 Term Loan B-1 $ 395,000 $ 398,000 2026 Unsecured Notes — 276,453 Finance lease liabilities 3,961 1,691 Notes payable — 438 Total long-term debt and finance leases 398,961 676,582 Unamortized discount (3,854) (7,423) Unamortized debt issuance costs (3,539) (6,042) Total long-term debt and finance leases after debt issuance costs and discount 391,568 663,117 Current portion of long-term debt and finance leases (5,294) (4,596) Long-term debt, net and finance leases $ 386,274 $ 658,521

Shareholders_ Equity and Stoc_2

Shareholders’ Equity and Stock Incentive Plans (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share Repurchase Activity	The following table includes the Company’s share repurchase activity for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands, except per share data) Shares repurchased (1) (2) 815 252 1,804 252 Total cost, including brokerage fees $ 25,821 $ 9,134 $ 55,351 $ 9,134 Average repurchase price per share (3) $ 31.65 $ 36.17 $ 30.67 $ 36.17 (1) All repurchased shares were retired and constitute authorized but unissued shares. Shares repurchased to settle employee tax withholding related to the vesting of RSUs or exercise of options are not included in the table above. (2) During the three months ended September 30, 2024, all of the shares were repurchased pursuant to a Rule 10b5-1 trading plan. (3) Figures in the table may not recalculate exactly due to rounding. Average repurchase price per share is calculated based on unrounded numbers.
Schedule of Dividends Declared	The dividends declared and included in the periods presented were as follows: Declaration Date Record Date Payment Date Amount per Share Aggregate Amount (in thousands) February 27, 2024 March 18, 2024 April 4, 2024 $ 0.25 $ 7,237 May 2, 2024 June 14, 2024 July 2, 2024 0.25 7,123 August 6, 2024 September 17, 2024 October 2, 2024 0.25 6,968
Schedule of Stock Option Activity	The following table summarizes the Company’s stock option activity: Stock Options Shares Weighted-Average Exercise Price Outstanding at January 1, 2024 1,911,354 $ 9.19 Granted — $ — Exercised (366,000) $ 9.38 Cancelled — $ — Expired — $ — Outstanding at September 30, 2024 1,545,354 $ 9.14 Exercisable at September 30, 2024 1,545,354 $ 9.14
Schedule of RSU Activity	The following table summarizes the Company’s activity related to RSUs and PSUs: RSUs PSUs Shares Weighted-Average Grant Date Fair Value Shares Weighted-Average Grant Date Fair Value Outstanding at January 1, 2024 428,762 $ 34.09 471,935 (1) $ 36.40 Granted 232,766 $ 33.57 131,906 (2) $ 34.06 Vested (284,525) $ 28.71 (272,362) (3) $ 29.00 Cancelled (9,350) $ 38.82 (42,568) (4) $ 41.83 Outstanding at September 30, 2024 367,653 $ 37.67 288,911 $ 41.33 ( 1) Includes PSUs granted in March 2021 (“2021 PSU Awards”) at 200% of the target (based on awards deemed “earned”), PSUs granted in March 2022 at 89.6% of the target (based on awards deemed “earned”) and PSUs granted in March 2023 (“2023 PSU Awards”) at 100% of the target. (2) The number of shares for the PSUs listed as granted represents the “target” number of PSUs issued 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. (3) Represents 2021 PSU Awards that vested in March 2024 at 200% of the target PSUs. (4) The Company’s financi al results for the performance goals applicable to the 2023 PSU Awards were certified during the three months ended March 31, 2024 and 69.3% of the target 2023 PSU Awards were deemed “earned.” This resulted in the reduction of the PSUs listed as granted in March 2023 to the number of PSUs eligible to vest from 120,825 to 83,724. In addition, 5,467 shares of 2023 PSU Awards were forfeited during the nine months ended September 30, 2024.
Schedule of PSU Activity	The following table summarizes the Company’s activity related to RSUs and PSUs: RSUs PSUs Shares Weighted-Average Grant Date Fair Value Shares Weighted-Average Grant Date Fair Value Outstanding at January 1, 2024 428,762 $ 34.09 471,935 (1) $ 36.40 Granted 232,766 $ 33.57 131,906 (2) $ 34.06 Vested (284,525) $ 28.71 (272,362) (3) $ 29.00 Cancelled (9,350) $ 38.82 (42,568) (4) $ 41.83 Outstanding at September 30, 2024 367,653 $ 37.67 288,911 $ 41.33 ( 1) Includes PSUs granted in March 2021 (“2021 PSU Awards”) at 200% of the target (based on awards deemed “earned”), PSUs granted in March 2022 at 89.6% of the target (based on awards deemed “earned”) and PSUs granted in March 2023 (“2023 PSU Awards”) at 100% of the target. (2) The number of shares for the PSUs listed as granted represents the “target” number of PSUs issued 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. (3) Represents 2021 PSU Awards that vested in March 2024 at 200% of the target PSUs. (4) The Company’s financi al results for the performance goals applicable to the 2023 PSU Awards were certified during the three months ended March 31, 2024 and 69.3% of the target 2023 PSU Awards were deemed “earned.” This resulted in the reduction of the PSUs listed as granted in March 2023 to the number of PSUs eligible to vest from 120,825 to 83,724. In addition, 5,467 shares of 2023 PSU Awards were forfeited during the nine months ended September 30, 2024.

Income Tax (Tables)

Income Tax (Tables)	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The following table includes the Company’s effective income tax rate calculations for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except for tax rate) 2024 2023 2024 2023 (Loss) income before income tax benefit (provision) $ (1,231) $ 308,403 $ 68,704 $ 339,347 Income tax benefit (provision) 6,398 (67,187) (20,951) (74,219) Effective tax rate 519.7 % 21.8 % 30.5 % 21.9 %

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
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: September 30, 2024 (In thousands) Carrying Amount Fair Value Fair Value Hierarchy Term Loan B-1 $ 395,000 $ 394,506 Level 2 Finance lease liabilities 3,961 3,961 Level 3 Total debt $ 398,961 $ 398,467 December 31, 2023 (In thousands) Carrying Amount Fair Value Fair Value Hierarchy Term Loan B-1 $ 398,000 $ 399,493 Level 2 2026 Unsecured Notes 276,453 277,144 Level 2 Finance lease liabilities 1,691 1,691 Level 3 Notes payable 438 438 Level 3 Total debt $ 676,582 $ 678,766

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Due to the Company’s use of Adjusted EBITDA as its measure of profit for its reportable segments, the Company includes a reconciliation of the total of the Company’s consolidated Adjusted EBITDA to the Company’s consolidated net income determined in accordance with GAAP. The Company also discloses Adjusted EBITDA at the reportable segment level, as set forth in the table below: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2024 2023 2024 2023 Revenues Nevada Casino Resorts Gaming $ 38,619 $ 40,289 $ 117,221 $ 121,207 Food and beverage 23,242 24,782 71,456 73,486 Rooms 26,968 28,394 82,795 80,957 Other 10,718 12,059 30,180 32,612 Nevada Casino Resorts revenues $ 99,547 $ 105,524 $ 301,652 $ 308,262 Nevada Locals Casinos Gaming $ 25,241 $ 27,254 $ 79,272 $ 85,699 Food and beverage 6,376 6,482 19,951 19,737 Rooms 1,970 2,395 6,965 7,633 Other 1,818 1,770 6,074 5,899 Nevada Locals Casinos revenues $ 35,405 $ 37,901 $ 112,262 $ 118,968 Nevada Taverns Gaming $ 11,824 $ 12,985 $ 38,406 $ 39,197 Food and beverage 12,231 12,387 37,199 38,654 Other 1,987 1,168 6,396 3,601 Nevada Taverns revenues $ 26,042 $ 26,540 $ 82,001 $ 81,452 Distributed Gaming Gaming $ — $ 80,425 $ 5,981 $ 256,357 Food and beverage — 189 17 554 Other — 1,258 21 4,446 Distributed Gaming revenues $ — $ 81,872 $ 6,019 $ 261,357 Maryland Casino Resort Gaming $ — $ 4,224 $ — $ 33,159 Food and beverage — 667 — 4,881 Rooms — 628 — 4,322 Other — 204 — 1,094 Maryland Casino Resort revenues $ — $ 5,723 $ — $ 43,456 Corporate and Other 239 166 680 8,963 Total revenues $ 161,233 $ 257,726 $ 502,614 $ 822,458 Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2024 2023 2024 2023 Adjusted EBITDA Nevada Casino Resorts $ 24,614 $ 30,837 $ 78,897 $ 90,592 Nevada Locals Casinos 14,274 16,878 48,738 56,509 Nevada Taverns 5,317 7,519 20,669 24,507 Distributed Gaming — 8,441 484 28,175 Maryland Casino Resort — 1,626 — 12,652 Corporate and Other (10,191) (12,116) (32,590) (38,673) Total Adjusted EBITDA 34,014 53,185 116,198 173,762 Adjustments Depreciation and amortization (22,626) (22,213) (67,362) (67,175) Non-cash lease benefit (expense) 65 10 298 (14) Share-based compensation (2,969) (3,444) (8,688) (10,625) Gain on disposal of assets 256 5 242 125 Gain on sale of business — 305,829 68,944 305,829 Loss on debt extinguishment and modification — — (4,446) (405) Preopening and related expenses (1) (234) (50) (377) (575) Other, net (1,778) (9,613) (8,850) (9,230) Interest expense, net (7,959) (15,306) (27,255) (52,345) Income tax benefit (provision) 6,398 (67,187) (20,951) (74,219) Net income $ 5,167 $ 241,216 $ 47,753 $ 265,128 (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 taverns and food and beverage and other venues within the casino locations. The Company’s assets by reportable segment consisted of the following amounts: (In thousands) Nevada Casino Resorts Nevada Locals Casinos Nevada Taverns Distributed Gaming Corporate and Other Consolidated Balance at September 30, 2024 $ 726,962 $ 158,781 $ 155,695 $ — $ 60,146 $ 1,101,584 Balance at December 31, 2023 $ 758,622 $ 160,059 $ 148,250 $ 204,271 $ 181,081 $ 1,452,283

Nature of Business and Basis _4

Nature of Business and Basis of Presentation (Details) $ in Thousands						3 Months Ended		9 Months Ended
	Apr. 22, 2024 USD ($) location	Jan. 10, 2024 USD ($)	Nov. 21, 2023 USD ($) location	Sep. 13, 2023 USD ($)	Jul. 25, 2023 USD ($)	Sep. 30, 2024 location property shares	Sep. 30, 2023 shares	Sep. 30, 2024 USD ($) segment location property shares	Sep. 30, 2023 USD ($) shares
Nature Of Business And Basis Of Presentation [Line Items]
Number of resort casino properties | property						8		8
Number of reportable segments | segment								3
Proceeds from sale of business, net of cash transferred to buyer								$ 204,066	$ 365,046
Anti-dilutive potential common share equivalents excluded (in shares) | shares						110,137	68,239	0	0
Lucky’s Lounge & Restaurant
Nature Of Business And Basis Of Presentation [Line Items]
Number of tavern locations | location			4
Great American Pub
Nature Of Business And Basis Of Presentation [Line Items]
Number of tavern locations | location	2
Disposed of by Sale | Rocky Gap Property
Nature Of Business And Basis Of Presentation [Line Items]
Proceeds from sale of business, net of cash transferred to buyer					$ 260,000
Disposed of by Sale | Distributed Gaming- Montana
Nature Of Business And Basis Of Presentation [Line Items]
Proceeds from sale of business, net of cash transferred to buyer				$ 109,000
Disposed of by Sale | Distributed Gaming - Nevada
Nature Of Business And Basis Of Presentation [Line Items]
Proceeds from sale of business, net of cash transferred to buyer		$ 213,500
Nevada Taverns
Nature Of Business And Basis Of Presentation [Line Items]
Number of tavern locations | location						72		72
Nevada Taverns | Lucky’s Lounge & Restaurant | Nevada
Nature Of Business And Basis Of Presentation [Line Items]
Proceeds from sale of business, net of cash transferred to buyer			$ 10,000
Nevada Taverns | Great American Pub | Nevada
Nature Of Business And Basis Of Presentation [Line Items]
Proceeds from sale of business, net of cash transferred to buyer	$ 7,300

Divestitures - Additional Infor

Divestitures - Additional Information (Details) - Disposed of by Sale - USD ($) $ in Millions	9 Months Ended	11 Months Ended	12 Months Ended
	Sep. 30, 2024	Jul. 25, 2023	Dec. 31, 2023
Rocky Gap Property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transactions costs		$ 8.5	$ 8.3
Distributed Gaming- Montana
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transactions costs			0.8
Distributed Gaming - Nevada
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transactions costs	$ 2.3		$ 0.4

Divestitures - Schedule of Comp

Divestitures - Schedule of Components of Assets and Liabilities Held for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets
Total current assets held for sale	$ 0	$ 204,271
Current liabilities
Total current liabilities related to assets held for sale	$ 0	39,233
Held-for-sale | Distributed Gaming - Nevada
Current assets
Cash and cash equivalents		40,050
Accounts receivables, net		1,945
Prepaid expenses		1,018
Other		2,298
Total current assets held for sale		45,311
Property and equipment, net		21,221
Operating lease right-of-use assets, net		33,601
Goodwill		69,452
Intangible assets, net		28,379
Other assets		6,307
Total assets held for sale		204,271
Current liabilities
Current portion of long-term debt and finance leases		1,131
Current portion of operating leases		23,323
Accounts payable		1,826
Accrued payroll and related		1,123
Other accrued liabilities		1,151
Total current liabilities related to assets held for sale		28,554
Non-current operating leases		10,614
Other long-term obligations		65
Total liabilities related to assets held for sale		$ 39,233

Divestitures - Schedule of Reve

Divestitures - Schedule of Revenues and Pretax Income (Details) - Disposed of by Sale - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Maryland Casino Resort
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ 0	$ 5,723	$ 0	$ 43,456
Pretax income	0	1,625	0	12,435
Distributed Gaming- Montana
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	0	24,205	0	80,878
Pretax income	0	2,925	0	8,883
Distributed Gaming - Nevada
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	0	57,667	6,019	180,479
Pretax income	$ 0	$ 5,137	$ 476	$ 16,122

Property and Equipment - Schedu

Property and Equipment - Schedule of Components of Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment	$ 1,324,159	$ 1,281,708
Accumulated depreciation	(559,169)	(495,563)
Property and equipment, net	764,990	786,145
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	978,682	955,859
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment	211,635	190,048
Construction in process
Property, Plant and Equipment [Line Items]
Property and equipment	$ 8,602	$ 10,561

Property and Equipment - Additi

Property and Equipment - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 22,000,000	$ 21,900,000	$ 65,600,000	$ 65,200,000
Impairment on long-lived assets	$ 0	$ 0	$ 0	$ 0

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment of goodwill and intangibles	$ 0	$ 0	$ 0	$ 0
Amortization of intangible assets	$ 600,000	$ 300,000	$ 1,800,000	$ 2,000,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Goodwill Activity by Reportable Segment (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 84,325
Goodwill acquired	3,988
Ending balance	88,313
Nevada Casino Resorts
Goodwill [Roll Forward]
Beginning balance	22,105
Goodwill acquired	0
Ending balance	22,105
Nevada Locals Casinos
Goodwill [Roll Forward]
Beginning balance	38,187
Goodwill acquired	0
Ending balance	38,187
Nevada Taverns
Goodwill [Roll Forward]
Beginning balance	24,033
Goodwill acquired	3,988
Ending balance	$ 28,021

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Indefinite-lived intangible assets
Gross Carrying Value	$ 55,524	$ 54,790
Cumulative Impairment	(6,890)	(6,890)
Intangible Assets, Net	48,634	47,900
Amortizing intangible assets
Gross Carrying Value	51,415	49,663
Cumulative Amortization	(45,365)	(43,628)
Intangible Assets, Net	6,050	6,035
Gross Carrying Value	106,939	104,453
Intangible Assets, Net	54,684	53,935
Player relationships
Amortizing intangible assets
Gross Carrying Value	44,268	43,916
Cumulative Amortization	(41,681)	(41,050)
Intangible Assets, Net	$ 2,587	$ 2,866
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	$ 7,147	$ 5,747
Cumulative Amortization	(3,684)	(2,578)
Intangible Assets, Net	$ 3,463	$ 3,169
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
Trade names
Indefinite-lived intangible assets
Gross Carrying Value	$ 55,524	$ 54,790
Cumulative Impairment	(6,890)	(6,890)
Intangible Assets, Net	$ 48,634	$ 47,900

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Gaming liabilities	$ 10,950	$ 10,726
Dividend payable	6,968	0
Other accrued liabilities	4,966	4,538
Accrued taxes, other than income taxes	4,810	5,193
Deposits	2,424	1,855
Interest	82	4,572
Uncertain tax positions payable	0	7,755
Total current accrued liabilities	$ 30,200	$ 34,639

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-term Debt Instruments (Details) - USD ($)	Sep. 30, 2024	May 29, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
2026 Unsecured Notes	$ 0		$ 276,453,000
Finance lease liabilities	3,961,000		1,691,000
Notes payable	0		438,000
Total long-term debt and finance leases	398,961,000		676,582,000
Unamortized discount	(3,854,000)		(7,423,000)
Unamortized debt issuance costs	(3,539,000)		(6,042,000)
Total long-term debt and finance leases after debt issuance costs and discount	391,568,000		663,117,000
Current portion of long-term debt and finance leases	(5,294,000)		(4,596,000)
Long-term debt, net and finance leases	386,274,000		658,521,000
Term Loan B-1
Debt Instrument [Line Items]
Term loan	$ 395,000,000		$ 398,000,000
Unamortized debt issuance costs		$ (900,000)

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) - USD ($)				3 Months Ended		9 Months Ended
	May 29, 2024	Apr. 15, 2024	May 26, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Apr. 15, 2019
Debt Instrument [Line Items]
Debt fees				$ 3,539,000		$ 3,539,000		$ 6,042,000
Loss on debt extinguishment and modification				$ 0	$ 0	$ 4,446,000	$ 405,000
Senior Secured First Lien Credit Facility | Weighted Average
Debt Instrument [Line Items]
Debt instrument, interest rate during period				7.56%		7.90%
Senior Secured First Lien Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 240,000,000		$ 240,000,000
Senior Secured First Lien Credit Facility | Revolving Credit Facility | Variable Rate Component One
Debt Instrument [Line Items]
Debt instrument, floor rate			1%
Senior Secured First Lien Credit Facility | Revolving Credit Facility | Minimum | Variable Rate Component One
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			1%
Senior Secured First Lien Credit Facility | Revolving Credit Facility | Maximum | Variable Rate Component One
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			1.50%
Senior Secured First Lien Credit Facility | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Variable Rate Component Two
Debt Instrument [Line Items]
Debt instrument, credit spread adjustment			0.10%
Senior Secured First Lien Credit Facility | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Minimum | Variable Rate Component Two
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			2%
Senior Secured First Lien Credit Facility | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Maximum | Variable Rate Component Two
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			2.50%
Term Loan B-1
Debt Instrument [Line Items]
Debt instrument, face amount				400,000,000		400,000,000
Term loan				395,000,000		395,000,000		$ 398,000,000
Debt fees	$ 900,000
Loss on debt extinguishment and modification	$ 100,000
Debt instrument, periodic payment						1,000,000
Debt instrument, final installment				$ 373,000,000		$ 373,000,000
Term Loan B-1 | Base Rate | Variable Rate Component One
Debt Instrument [Line Items]
Debt instrument, floor rate	1.50%
Debt instrument, basis spread on variable rate	1.25%
Term Loan B-1 | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument, credit spread adjustment	0.10%
Term Loan B-1 | Secured Overnight Financing Rate (SOFR) | Variable Rate Component Two
Debt Instrument [Line Items]
Debt instrument, floor rate	0.50%
Debt instrument, basis spread on variable rate	2.25%
Senior Unsecured Notes Due 2026
Debt Instrument [Line Items]
Debt instrument, face amount									$ 375,000,000
Debt instrument, interest stated percentage			7.625%						7.625%
Loss on debt extinguishment and modification		$ 4,400,000
Repayment of debt		287,000,000
Long-term debt, gross		276,500,000
Interest, debt		$ 10,500,000

Shareholders_ Equity and Stoc_3

Shareholders’ Equity and Stock Incentive Plans - Additional Information (Details) - USD ($)				3 Months Ended				9 Months Ended
	Nov. 05, 2024	Oct. 04, 2024	Jan. 01, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jul. 27, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchase, authorized amount										$ 100,000,000
Share repurchase, remaining authorized repurchase amount				$ 35,600,000				$ 35,600,000
Shares repurchased (in shares)				815,000			252,000	1,804,000	252,000
Average repurchase price per share (USD per share)				$ 31.65			$ 36.17	$ 30.67	$ 36.17
Shares repurchased				$ 25,821,000	$ 29,530,000		$ 9,134,000	$ 55,351,000	$ 9,134,000
Dividends declared (USD per share)				$ 0.25	$ 0.25	$ 0.25
Common stock available for grants of awards (in shares)				4,332,929				4,332,929
Number of shares available for grant annual increase (in shares)			1,146,766
Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchase, remaining authorized repurchase amount	$ 131,400,000	$ 31,400,000
Shares repurchased (in shares)		134,613
Average repurchase price per share (USD per share)		$ 31.19
Shares repurchased		$ 4,200,000
Share repurchase, increase authorized amount	$ 100,000,000
Dividends declared (USD per share)	$ 0.25
Dividends payable (USD per share)	$ 0.25
Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net				$ 0				$ 0
Stock options, unrecognized share-based compensation expense				0			0	0	0
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net				1,900,000			2,000,000	5,200,000	5,800,000
Stock options, unrecognized share-based compensation expense				9,500,000			9,100,000	$ 9,500,000	$ 9,100,000
Share-based compensation expense not yet recognized, weighted-average period for recognition (in years)								1 year 10 months 24 days	1 year 4 months 24 days
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net				1,000,000			1,400,000	$ 3,100,000	$ 4,200,000
Stock options, unrecognized share-based compensation expense				$ 5,800,000			$ 7,000,000	$ 5,800,000	$ 7,000,000
Share-based compensation expense not yet recognized, weighted-average period for recognition (in years)								1 year 8 months 12 days	1 year 1 month 6 days

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	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Shares repurchased (in shares)	815		252	1,804	252
Total cost, including brokerage fees	$ 25,821	$ 29,530	$ 9,134	$ 55,351	$ 9,134
Average repurchase price per share (USD per share)	$ 31.65		$ 36.17	$ 30.67	$ 36.17

Shareholders_ Equity and Stoc_5

Shareholders’ Equity and Stock Incentive Plans - Schedule of Dividend Declared (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Dividends declared (USD per share)	$ 0.25	$ 0.25	$ 0.25
Aggregate Amount (in thousands)	$ 6,968	$ 7,123	$ 7,237

Shareholders_ Equity and Stoc_6

Shareholders’ Equity and Stock Incentive Plans - Schedule of Stock Option Activity (Details)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Shares
Outstanding, beginning of year (in shares) | shares	1,911,354
Granted (in shares) | shares	0
Exercised (in shares) | shares	(366,000)
Cancelled (in shares) | shares	0
Expired (in shares) | shares	0
Outstanding, end of year (in shares) | shares	1,545,354
Exercisable (in shares) | shares	1,545,354
Weighted-Average Exercise Price
Outstanding, beginning of year (USD per share) | $ / shares	$ 9.19
Granted (USD per share) | $ / shares	0
Exercised (USD per share) | $ / shares	9.38
Cancelled (USD per share) | $ / shares	0
Expired (USD per share) | $ / shares	0
Outstanding, end of year (USD per share) | $ / shares	9.14
Exercisable (USD per share) | $ / shares	$ 9.14

Shareholders_ Equity and Stoc_7

Shareholders’ Equity and Stock Incentive Plans - Schedule of Activity Related To RSUs and PSUs (Details) - $ / shares	3 Months Ended		9 Months Ended	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2024	Dec. 31, 2022
RSUs
Shares
Outstanding, beginning of year (in shares)	428,762		428,762
Granted (in shares)			232,766
Vested (in shares)			(284,525)
Cancelled (in shares)			(9,350)
Outstanding, end of year (in shares)			367,653
Weighted-Average Grant Date Fair Value
Outstanding, beginning of year (USD per share)	$ 34.09		$ 34.09
Granted (USD per share)			33.57
Vested (USD per share)			28.71
Cancelled (USD per share)			38.82
Outstanding, end of year (USD per share)			$ 37.67
PSUs
Shares
Outstanding, beginning of year (in shares)	471,935		471,935
Granted (in shares)			131,906
Vested (in shares)			(272,362)
Cancelled (in shares)			(42,568)
Outstanding, end of year (in shares)			288,911
Weighted-Average Grant Date Fair Value
Outstanding, beginning of year (USD per share)	$ 36.40		$ 36.40
Granted (USD per share)			34.06
Vested (USD per share)			29
Cancelled (USD per share)			41.83
Outstanding, end of year (USD per share)			$ 41.33
Percentage of target number eligible to vest			200%
PSUs | 2021 PSU Awards
Weighted-Average Grant Date Fair Value
Percentage of target number eligible to vest			200%
PSUs | 2022 PSU Awards
Weighted-Average Grant Date Fair Value
Percentage of target number eligible to vest			89.60%
PSUs | 2023 PSU Awards
Shares
Cancelled (in shares)			(5,467)
Weighted-Average Grant Date Fair Value
Percentage of target number eligible to vest			100%
Percentage of target earned	69.30%
Actual number of PSUs granted to each recipient, eligible to vest (in shares)		83,724		120,825

Income Tax (Details)

Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
(Loss) income before income tax benefit (provision)	$ (1,231)	$ 308,403	$ 68,704	$ 339,347
Income tax benefit (provision)	$ 6,398	$ (67,187)	$ (20,951)	$ (74,219)
Effective tax rate	519.70%	21.80%	30.50%	21.90%

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
2026 Unsecured Notes	$ 0	$ 276,453,000
Finance lease liabilities	3,961,000	1,691,000
Notes payable	0	438,000
Term Loan B-1
Debt Instrument [Line Items]
Term loan	395,000,000	398,000,000
Carrying Amount
Debt Instrument [Line Items]
Total debt	398,961,000	676,582,000
Carrying Amount | Level 2
Debt Instrument [Line Items]
2026 Unsecured Notes		276,453,000
Carrying Amount | Level 2 | Term Loan B-1
Debt Instrument [Line Items]
Term loan	395,000,000	398,000,000
Carrying Amount | Level 3
Debt Instrument [Line Items]
Finance lease liabilities	3,961,000	1,691,000
Notes payable		438,000
Fair Value
Debt Instrument [Line Items]
Total debt	398,467,000	678,766,000
Fair Value | Level 2
Debt Instrument [Line Items]
2026 Unsecured Notes		277,144,000
Fair Value | Level 2 | Term Loan B-1
Debt Instrument [Line Items]
Term loan	394,506,000	399,493,000
Fair Value | Level 3
Debt Instrument [Line Items]
Finance lease liabilities	$ 3,961,000	1,691,000
Notes payable		$ 438,000

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Commitments And Contingencies [Line Items]
Proceeds from sale of business interruption claims				$ 8,100
Legal fees				2,400
Gaming
Commitments And Contingencies [Line Items]
Cost of goods and services sold	$ 20,141	$ 94,820	$ 67,796	307,126
Participation Agreements | Gaming
Commitments And Contingencies [Line Items]
Cost of goods and services sold		$ 50,000	$ 3,900	$ 156,200

Segment Information - Additiona

Segment Information - Additional Information (Details)	9 Months Ended
	Sep. 30, 2024 segment slotMachine mi
Segment Reporting Information [Line Items]
Number of reportable segments | segment	3
Nevada Locals Casinos
Segment Reporting Information [Line Items]
Number of mile radius for local customers | mi	5
Taverns
Segment Reporting Information [Line Items]
Number of onsite slots within tavern | slotMachine	15

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Revenues
Total revenues	$ 161,233			$ 257,726			$ 502,614	$ 822,458
Adjusted EBITDA	34,014			53,185			116,198	173,762
Depreciation and amortization	(22,626)			(22,213)			(67,362)	(67,175)
Non-cash lease benefit (expense)	65			10			298	(14)
Share-based compensation	(2,969)			(3,444)			(8,688)	(10,625)
Gain on disposal of assets	256			5			242	125
Gain on sale of business	0			305,829			68,944	305,829
Loss on debt extinguishment and modification	0			0			(4,446)	(405)
Preopening and related expenses	(234)			(50)			(377)	(575)
Other, net	(1,778)			(9,613)			(8,850)	(9,230)
Interest expense, net	(7,959)			(15,306)			(27,255)	(52,345)
Income tax benefit (provision)	6,398			(67,187)			(20,951)	(74,219)
Net income	5,167	$ 623	$ 41,963	241,216	$ 12,282	$ 11,630	47,753	265,128
Assets	1,101,584						1,101,584		$ 1,452,283
Gaming
Revenues
Total revenues	75,684			165,177			240,880	535,619
Food and beverage
Revenues
Total revenues	41,849			44,507			128,623	137,312
Rooms
Revenues
Total revenues	28,938			31,417			89,760	92,912
Other
Revenues
Total revenues	14,762			16,625			43,351	56,615
Nevada Taverns
Revenues
Adjusted EBITDA	5,317			7,519			20,669	24,507
Operating Segments | Nevada Casino Resorts
Revenues
Total revenues	99,547			105,524			301,652	308,262
Adjusted EBITDA	24,614			30,837			78,897	90,592
Assets	726,962						726,962		758,622
Operating Segments | Nevada Casino Resorts | Gaming
Revenues
Total revenues	38,619			40,289			117,221	121,207
Operating Segments | Nevada Casino Resorts | Food and beverage
Revenues
Total revenues	23,242			24,782			71,456	73,486
Operating Segments | Nevada Casino Resorts | Rooms
Revenues
Total revenues	26,968			28,394			82,795	80,957
Operating Segments | Nevada Casino Resorts | Other
Revenues
Total revenues	10,718			12,059			30,180	32,612
Operating Segments | Nevada Locals Casinos
Revenues
Total revenues	35,405			37,901			112,262	118,968
Adjusted EBITDA	14,274			16,878			48,738	56,509
Assets	158,781						158,781		160,059
Operating Segments | Nevada Locals Casinos | Gaming
Revenues
Total revenues	25,241			27,254			79,272	85,699
Operating Segments | Nevada Locals Casinos | Food and beverage
Revenues
Total revenues	6,376			6,482			19,951	19,737
Operating Segments | Nevada Locals Casinos | Rooms
Revenues
Total revenues	1,970			2,395			6,965	7,633
Operating Segments | Nevada Locals Casinos | Other
Revenues
Total revenues	1,818			1,770			6,074	5,899
Operating Segments | Nevada Taverns
Revenues
Total revenues	26,042			26,540			82,001	81,452
Assets	155,695						155,695		148,250
Operating Segments | Nevada Taverns | Gaming
Revenues
Total revenues	11,824			12,985			38,406	39,197
Operating Segments | Nevada Taverns | Food and beverage
Revenues
Total revenues	12,231			12,387			37,199	38,654
Operating Segments | Nevada Taverns | Other
Revenues
Total revenues	1,987			1,168			6,396	3,601
Operating Segments | Distributed Gaming
Revenues
Total revenues	0			81,872			6,019	261,357
Adjusted EBITDA	0			8,441			484	28,175
Assets	0						0		204,271
Operating Segments | Distributed Gaming | Gaming
Revenues
Total revenues	0			80,425			5,981	256,357
Operating Segments | Distributed Gaming | Food and beverage
Revenues
Total revenues	0			189			17	554
Operating Segments | Distributed Gaming | Other
Revenues
Total revenues	0			1,258			21	4,446
Operating Segments | Maryland Casino Resort
Revenues
Total revenues	0			5,723			0	43,456
Adjusted EBITDA	0			1,626			0	12,652
Operating Segments | Maryland Casino Resort | Gaming
Revenues
Total revenues	0			4,224			0	33,159
Operating Segments | Maryland Casino Resort | Food and beverage
Revenues
Total revenues	0			667			0	4,881
Operating Segments | Maryland Casino Resort | Rooms
Revenues
Total revenues	0			628			0	4,322
Operating Segments | Maryland Casino Resort | Other
Revenues
Total revenues	0			204			0	1,094
Corporate and Other
Revenues
Total revenues	239			166			680	8,963
Adjusted EBITDA	(10,191)			$ (12,116)			(32,590)	$ (38,673)
Assets	$ 60,146						$ 60,146		$ 181,081

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Nov. 30, 2018	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Accounts receivable		$ 13,535,000		$ 13,535,000		$ 16,951,000
Accounts payable		19,392,000		19,392,000		18,702,000
Related Party | Office Headquarters | Mr. Sartini
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party	33%
Related party transaction, amounts of transaction		100,000	$ 100,000	200,000	$ 200,000
Related Party | Office Headquarters | Mr. Sartini's Immediate Family Members
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party	1.67%
Related Party | Office Headquarters | Stephen A. Arcana
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party	3%
Related Party | Office Headquarters, Sublet | Mr. Sartini
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction		100,000	100,000	100,000	100,000
Accounts receivable		0		0		0
Related Party | Aircraft Time-sharing, Co-user and Various Cost-sharing Agreements | Sartini Enterprises
Related Party Transaction [Line Items]
Reimbursement expense paid (less than)		100,000	$ 200,000	100,000	$ 300,000
Accounts payable		$ 100,000		$ 100,000		$ 100,000

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)			3 Months Ended				9 Months Ended
	Nov. 05, 2024	Oct. 04, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Subsequent Event [Line Items]
Shares repurchased (in shares)			815,000			252,000	1,804,000	252,000
Average repurchase price per share (USD per share)			$ 31.65			$ 36.17	$ 30.67	$ 36.17
Shares repurchased			$ 25,821,000	$ 29,530,000		$ 9,134,000	$ 55,351,000	$ 9,134,000
Share repurchase, remaining authorized repurchase amount			$ 35,600,000				$ 35,600,000
Dividends declared (USD per share)			$ 0.25	$ 0.25	$ 0.25
Subsequent Event
Subsequent Event [Line Items]
Shares repurchased (in shares)		134,613
Average repurchase price per share (USD per share)		$ 31.19
Shares repurchased		$ 4,200,000
Share repurchase, increase authorized amount	$ 100,000,000
Share repurchase, remaining authorized repurchase amount	$ 131,400,000	$ 31,400,000
Dividends declared (USD per share)	$ 0.25
Dividends payable (USD per share)	$ 0.25