Golden Entertainment (GDEN) 10-Q 9 Nov 18 2018 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 06, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	GOLDEN ENTERTAINMENT, INC.
Entity Central Index Key	1,071,255
Trading Symbol	gden
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding (in shares)		27,991,425
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Current assets
Cash and cash equivalents	$ 132,367	$ 90,579
Accounts receivable, net	15,146	14,692
Prepaid expenses	16,802	19,397
Inventories	5,852	5,594
Other	2,294	2,817
Total current assets	172,461	133,079
Property and equipment, net	886,534	895,241
Goodwill	158,134	158,134
Intangible assets, net	144,815	157,692
Deferred income taxes	7,893	7,787
Other assets	20,423	13,242
Total assets	1,390,260	1,365,175
Current liabilities
Current portion of long-term debt and capital leases	8,859	9,759
Accounts payable	19,933	19,470
Accrued taxes, other than income taxes	6,374	6,664
Accrued payroll and related	15,775	22,570
Accrued liabilities	18,135	20,373
Total current liabilities	69,076	78,836
Long-term debt, net	960,470	963,200
Other long-term obligations	3,277	3,226
Total liabilities	1,032,823	1,045,262
Commitments and contingencies (Note 11)
Shareholders' equity
Common stock, $.01 par value; authorized 100,000 shares; 27,952 and 26,413 common shares issued and outstanding, respectively	280	264
Additional paid-in capital	432,618	399,510
Accumulated deficit	(75,461)	(79,861)
Total shareholders' equity	357,437	319,913
Total liabilities and shareholders' equity	$ 1,390,260	$ 1,365,175

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2018	Dec. 31, 2017
Statement Of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	27,952,000	26,413,000
Common stock, shares outstanding (in shares)	27,952,000	26,413,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues
Total revenues	$ 210,337	$ 107,660	$ 641,669	$ 323,428
Expenses
Other operating	3,805	1,242	11,456	4,057
Selling, general and administrative	47,479	19,439	135,858	56,334
Depreciation and amortization	23,330	7,539	71,421	21,499
Acquisition expenses	1,123	2,975	2,429	5,041
Preopening expenses	21	282	858	1,128
Gain on contingent consideration		(1,719)		(1,719)
Loss on disposal of property and equipment	774	308	1,069	308
Total expenses	200,614	105,271	596,170	313,143
Operating income	9,723	2,389	45,499	10,285
Non-operating income (expense)
Interest expense, net	(16,291)	(1,885)	(47,100)	(5,568)
Change in fair value of derivative	1,222		5,895
Total non-operating expense, net	(15,069)	(1,885)	(41,205)	(5,568)
Income (loss) before income tax benefit	(5,346)	504	4,294	4,717
Income tax benefit	2,222	8,051	106	10,893
Net income (loss)	$ (3,124)	$ 8,555	$ 4,400	$ 15,610
Weighted-average common shares outstanding
Basic	27,655	22,266	27,405	22,280
Dilutive impact of stock options and restricted stock units		1,825	1,787	1,167
Diluted	27,655	24,091	29,192	23,447
Net income (loss) per share
Basic	$ (0.11)	$ 0.38	$ 0.16	$ 0.70
Diluted	$ (0.11)	$ 0.36	$ 0.15	$ 0.67
Gaming [Member]
Revenues
Total revenues	$ 127,764	$ 86,644	$ 394,173	$ 262,079
Expenses
Cost of goods and services sold	76,465	61,434	232,663	185,575
Food and beverage [Member]
Revenues
Total revenues	41,999	15,169	128,024	45,061
Expenses
Cost of goods and services sold	34,508	13,170	103,451	39,346
Rooms [Member]
Revenues
Total revenues	28,104	2,237	81,737	5,646
Expenses
Cost of goods and services sold	13,109	601	36,965	1,574
Other [Member]
Revenues
Total revenues	$ 12,470	$ 3,610	$ 37,735	$ 10,642

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities
Net income	$ 4,400	$ 15,610
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	71,421	21,499
Amortization of debt issuance costs and discounts on debt	3,799	561
Share-based compensation	7,063	5,352
Loss on disposal of property and equipment	1,069	308
Gain on revaluation of contingent consideration		(1,719)
Change in fair value of derivative	(5,895)
Deferred income taxes	(106)	(10,798)
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(454)	(1,419)
Income taxes		2,142
Prepaid expenses	2,494	(2,209)
Inventories and other current assets	266	(455)
Other assets	(486)	(559)
Accounts payable and other accrued expenses	(10,312)	5,322
Accrued taxes, other than income taxes	(290)	(2,065)
Other liabilities	52	236
Net cash provided by operating activities	73,021	31,806
Cash flows from investing activities
Purchase of property and equipment	(48,939)	(18,383)
Deposit paid for asset purchase	(800)	(2,467)
Asset purchase	(300)	(196)
Net cash used in investing activities	(50,039)	(21,046)
Cash flows from financing activities
Repayments of term loans	(6,000)	(9,000)
Repayments of revolving credit facility		(4,000)
Borrowings under revolving credit facility		1,000
Repayments of notes payable	(321)	(3,049)
Proceeds from leased equipment obligation		742
Principal payments under capital leases	(838)	(608)
Debt issuance costs	(95)
Proceeds from issuance of common stock	27,242	168
Tax withholding on share-based payments	(820)
Stock issuance costs	(362)
Net cash provided by (used in) financing activities	18,806	(14,747)
Cash and cash equivalents
Net increase (decrease) for the period	41,788	(3,987)
Balance, beginning of period	90,579	46,898
Balance, end of period	132,367	42,911
Supplemental cash flow disclosures
Cash paid for interest	44,648	5,073
Non-cash investing and financing activities
Payables incurred for capital expenditures	3,680	4,317
Notes payable issued for property and equipment		717
Assets acquired under capital lease obligations	$ 237	$ 3,015

Nature of Business and Basis of

Nature of Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Nature of Business and Basis of Presentation	Note 1 – Nature of Business and Basis of Presentation Overview Golden Entertainment, Inc. and its wholly-owned subsidiaries (collectively, the “Company”) own and operate a diversified entertainment platform, consisting of a portfolio of gaming assets that focus on resort casino operations and distributed gaming (including tavern gaming in the Company’s wholly-owned taverns). The Company’s common stock is traded on the Nasdaq Global Market, and the Company’s ticker symbol is “GDEN.” The Company conducts its business through two reportable operating segments: Casinos and Distributed Gaming. The Company’s Casinos segment involves the operation of eight resort casino properties in Nevada and Maryland, comprising the Stratosphere Casino, Hotel & Tower (the “Stratosphere”), Arizona Charlie’s Decatur and Arizona Charlie’s Boulder in Las Vegas, Nevada, the Aquarius Casino Resort (the “Aquarius”) in Laughlin, Nevada, the Pahrump Nugget Hotel Casino (“Pahrump Nugget”), Gold Town Casino and Lakeside Casino & RV Park in Pahrump, Nevada, and the Rocky Gap Casino Resort in Flintstone, Maryland (“Rocky Gap”). The casino properties in Las Vegas and Laughlin, Nevada were added to the Company’s casino portfolio in October 2017 as a result of the Company’s acquisition of American Casino & Entertainment Properties LLC (“American”), as further described below. The Company’s Distributed Gaming segment involves the installation, maintenance and operation of slots and amusement devices in non-casino locations (such as grocery stores, convenience stores, restaurants, bars, taverns and liquor stores) in Nevada and Montana, and the operation of wholly-owned branded taverns targeting local patrons located primarily in the greater Las Vegas, Nevada metropolitan area. On October 20, 2017, the Company completed the acquisition of all of the outstanding equity interests of American (the “American Acquisition”). The results of operations of American and its subsidiaries have been included in the Company’s results subsequent to that date. See Note 3, Acquisitions In January 2018, the Company completed an underwritten public offering pursuant to its universal shelf registration statement, in which certain of the Company’s shareholders resold an aggregate of 6.5 million shares of the Company’s common stock, and the Company sold 975,000 newly issued shares of its common stock pursuant to the exercise in full of the underwriters’ over-allotment option to purchase additional shares. The Company’s net proceeds from the offering were approximately $25.6 million after deducting underwriting discounts and offering expenses. In July 2018, the Company entered into an agreement to acquire all of the outstanding equity interests of Edgewater Gaming, LLC and Colorado Belle Gaming, LLC, which own the Edgewater Hotel & Casino Resort and Colorado Belle Hotel & Casino Resort in Laughlin, Nevada, as further described in Note 3, Acquisitions 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, please refer to the audited consolidated financial statements of the Company for the year ended December 31, 2017 and the notes thereto included in the Company’s Annual Report on Form 10-K previously filed with the SEC. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments, which include 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. 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. Certain minor reclassifications have been made to the prior year period amounts to conform to the current presentation. Change in Depreciable Lives of Property and Equipment During the quarter ended June 30, 2018, the Company completed an analysis associated with planned renovations of certain assets acquired in the American Acquisition (see Note 3, Acquisitions Net Income Per Share For all periods, 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. Due to the net loss for the quarter ended September 30, 2018, the effect of all potential common share equivalents was anti-dilutive, and therefore all such shares were excluded from the computation of diluted weighted average shares outstanding for this period. The amount of potential common share equivalents were 1,870,290 for quarter ended September 30, 2018. New Accounting Pronouncements In May 2014 (amended January 2017), the Financial Accounting Standards Board (“FASB”) issued a comprehensive new revenue recognition model, Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers which created a new Topic 606 (“ASC 606”). The guidance is intended to clarify the principles for recognizing revenue and to develop a common revenue standard for GAAP applicable to revenue transactions. Existing industry guidance was eliminated, including revenue recognition guidance specific to the gaming industry. The Company adopted the standard as of January 1, 2018, following the full retrospective approach. The accompanying financial statements and related disclosures reflect the effects of the new revenue standard. The most significant impacts of the adoption are summarized in Note 2, Revenue Recognition . In February 2016, the FASB issued ASU 2016-02, Leases has begun planning its assessment and implementation process, including determining the completeness of its lease population, and is currently due to recognition of right-of-use assets and lease liabilities The Company also anticipates expanded footnote disclosures related to its leases under the new guidance. The Company’s evaluation of ASU 2016-02 and related guidance pertaining to improvements to ASU 2016-02, including ASU 2018-10 and ASU 2018-11, is ongoing and may identify additional impacts on its consolidated financial statements and related disclosures prior to adoption. In August 2016, the FASB issued ASU 2016-15, Statement of Cash In January 2017, the FASB issued ASU 2017-01, Business Combinations In May 2017, the FASB issued ASU 2017-09, Compensation – Stock Compensation In June 2 018, the FASB issued ASU 2018-07, Compensation – Stock Compensation , which expands previous guidance to include all share-based payment arrangements related to the acquisition of goods and services from both non-employees and employees. ASU 2018-07 is effective for annual periods beginning after December 15, 2018 and interim periods therein, with early adoption permitted. The Company is currently evaluating the impact of this guidance on its consolidated financial statements and disclosures. In August 2 018, the FASB issued ASU 2018-13, Fair Value Measurement , which eliminates certain disclosure requirements for fair value measurements for all entities, requires public entities to disclose certain new information and modifies some disclosure requirements. ASU 2018-13 is effective for annual periods beginning after December 15, 2019 and interim periods therein, with early adoption permitted. The Company is currently evaluating the impact of this guidance on its consolidated financial statements and disclosures. In August 2 018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software , which provides guidance on implementation costs incurred in a cloud computing arrangement that is a service contract. ASU 2018-15 is effective for annual periods beginning after December 15, 2019 and interim periods therein, with early adoption permitted. The Company is currently evaluating the impact of this guidance on its consolidated financial statements and disclosures. No other recently issued accounting standards that are not yet effective have been identified that management believes are likely to have a material impact on the Company’s financial statements.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2018
Revenue From Contract With Customer [Abstract]
Revenue Recognition	Note 2 – Revenue Recognition Revenue Recognition Revenue from contracts with customers primarily consists of casino wagers, room sales, food and beverage transactions, rental income from the Company’s retail tenants and entertainment sales. These contracts can be written, oral or implied by customary business practices. Casino gaming revenues are the aggregate of gaming wins and losses. The commissions rebated to premium players for cash discounts and other cash incentives to patrons related to gaming play are recorded as a reduction to casino gaming revenues. Gaming contracts include a performance obligation to honor the patron’s wager and typically include a performance obligation to provide a product or service to the patron on a complimentary basis to incentivize gaming or in exchange for points earned under the Company’s loyalty programs. The Company generally enters into three types of slot and amusement device placement contracts as part of its distributed gaming business: space agreements, revenue share agreements and participation agreements. Under space agreements, the Company pays a fixed monthly rental fee for the right to install, maintain and operate the Company’s slots at a business location. Under these agreements, the Company recognizes all gaming revenue and records fixed monthly rental fees as gaming expenses in the consolidated statement of operations. Under revenue share agreements, the Company pays the business location a percentage of the gaming revenue generated from the Company’s slots placed at the location. With regard to both space and revenue share agreements, the Company holds the applicable gaming license to conduct gaming at the location (although revenue share locations are required to obtain separate regulatory approval to receive a percentage of the gaming revenue). Under participation agreements, the business location holds the applicable gaming license and retains a percentage of the gaming revenue that it generates from the Company’s slots. In Montana, the Company’s slot and amusement device placement contracts are all revenue share agreements. In its distributed gaming business, the Company considers its customer to be the gaming player since the Company controls all aspects of the slot machines. Due to the maintaining of control of the services directly before they are transferred to the customer, the Company is considered to be the principal in these transactions and therefore records revenue on a gross basis. For wagering contracts that include complimentary products and services provided by the Company to incentivize gaming, the Company allocates the stand-alone selling price of each product and service to the respective revenue type. Complimentary products or services provided under the Company's control and discretion that are supplied by third parties are recorded as an operating expense. For wagering contracts that include products and services provided to a patron in exchange for points earned under the Company’s loyalty programs, Golden Rewards®, ace|PLAY®, Gold Mine Rewards TM TM After allocation to the other revenue types for products and services provided to patrons as part of a wagering contract, the residual amount is recorded to casino gaming revenue as soon as the wager is settled. As all wagers have similar characteristics, the Company accounts for its gaming contracts collectively on a portfolio basis versus an individual basis. Revenue from leases is primarily recorded to other revenues and is generated from base rents through long-term leases with retail tenants. Base rent, adjusted for contractual escalations, is recognized on a straight-lined basis over the term of the related lease. Overage rent is paid by a tenant when its sales exceed an agreed upon minimum amount and is not recognized by the Company until the threshold is met. Food, beverage and retail revenues are recorded at the time of sale. Room revenue is recorded at the time of occupancy. Sales taxes and surcharges collected from customers and remitted to governmental authorities are presented on a net basis. Contract and Contract Related Liabilities The Company provides numerous products and services to its customers. There is often a timing difference between the cash payment by the customers and recognition of revenue for each of the associated performance obligations. The Company has the following main types of gaming liabilities associated with contracts with gaming customers: (1) outstanding chip liability, and (2) loyalty program liabilities. The outstanding chip liability represents the collective amounts owed to patrons in exchange for gaming chips in their possession. Outstanding chips are expected to be recognized as revenue or redeemed for cash within one year of being purchased. The loyalty program liabilities represent a deferral of revenue until patron redemption of points earned. The loyalty program points are expected to be redeemed and recognized as revenue within one year of being earned. As of September 30, 2018 and December 31, 2017, the amount of gaming liabilities was $11.4 million and $12.2 million, respectively. Customer deposits and other deferred revenue represent cash deposits made by customers for future non-gaming services to be provided by the Company. With the exception of tenant deposits, which are tied to the terms of the lease and typically extend beyond a year, the majority of these customer deposits and other deferred revenue are expected to be recognized as revenue or refunded to the customer within one year of the date the deposit was recorded. Significant Impacts of Adoption of ASC 606 The adoption of ASC 606 principally affected the presentation of promotional allowances and how the Company measured the liability associated with its loyalty programs. The promotional allowances line item was eliminated from the consolidated statement of operations with amounts being deducted from the respective revenue line items, and the cost of providing such complimentaries is no longer included in gaming expense. Additionally, the valuation of points associated with the Company’s loyalty programs was changed from cost to fair value, with the Company recording an increase to the loyalty point liability. Furthermore, as a result of the adoption of the new standard, certain adjustments and other reclassifications to and between revenue categories and to and between expense categories were required; however, the amounts associated with such adjustments did not have a significant impact on the Company’s previously reported operating income or net income. The Company elected to adopt the full retrospective method to apply the new guidance to each prior reporting period presented as if it had been in effect since January 1, 2015, with a pre-tax cumulative effect of the adoption recognized as a decrease in retained earnings of $1.1 million on January 1, 2017, related to its loyalty program point liability. Adoption of the new standard did not have a significant impact on the Company’s previously reported net revenues, expenses, operating income, and net income. The impact of adoption of the new standard to previously reported selected financial statement information was as follows: Three Months Ended September 30, 2017 (In thousands) As Reported Adjustments As Adjusted Gross revenues $ 113,748 $ (6,088 ) $ 107,660 Promotional allowances (5,426 ) 5,426 — Net revenues 108,322 (662 ) 107,660 Operating income 2,389 — 2,389 Net income 8,555 — 8,555 Nine Months Ended September 30, 2017 (In thousands) As Reported Adjustments As Adjusted Gross revenues $ 342,045 $ (18,617 ) $ 323,428 Promotional allowances (16,584 ) 16,584 — Net revenues 325,461 (2,033 ) 323,428 Operating income 10,285 — 10,285 Net income 15,610 — 15,610

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2018
Business Combinations [Abstract]
Acquisitions	Note 3 – Acquisitions American Acquisition Overview On October 20, 2017, the Company completed the acquisition of all of the outstanding equity interests of American for aggregate consideration of $787.6 million in cash (after giving effect to post-closing adjustments) and the issuance by the Company of approximately 4.0 million shares of its common stock to W2007/ACEP Holdings, LLC (“ACEP Holdings”), a former American equity holder. The fair value of the Company’s common stock issued to ACEP Holdings was $101.5 million, based on the closing price of the Company’s common stock on October 20, 2017 of $25.08 per share. Acquisition Method of Accounting The American Acquisition has been accounted for using the acquisition method of accounting in accordance with Accounting Standards Codification 805, Business Combinations Under ASC 805, the purchase price of the acquisition is allocated to the tangible and intangible assets acquired and liabilities assumed based on their fair values as determined by management based on its judgment with assistance from third-party appraisals. Pro Forma Combined Financial Information The following unaudited pro forma combined financial information has been prepared by management for illustrative purposes only and does not purport to represent what the results of operations, financial condition or other financial information of the Company would have been if the American Acquisition had occurred on January 1, 2016, or what such results or financial condition will be for any future periods. The unaudited pro forma combined financial information is based on preliminary estimates and assumptions and on the information available at the time of the preparation thereof. These preliminary estimates and assumptions may change, be revised or prove to be materially different, and the estimates and assumptions may not be representative of facts existing at the time of the American Acquisition. The unaudited pro forma combined financial information does not reflect non-recurring charges that will be incurred in connection with the American Acquisition, nor any cost savings and synergies expected to result from the American Acquisition (and associated costs to achieve such savings or synergies), nor any costs associated with severance, restructuring or integration activities resulting from the American Acquisition. The following table summarizes certain unaudited pro forma combined financial information derived from a combination of the historical consolidated financial statements of the Company and of American for the three and nine months ended September 30 2017, adjusted to give effect to the American Acquisition, related transactions (including the refinancing), and the adoption of ASC 606. Three Months Ended Nine Months Ended (In thousands, except per share data) September 30, 2017 September 30, 2017 Pro forma combined revenues $ 214,625 $ 638,658 Pro forma combined net income 13,883 31,751 Weighted-average common shares outstanding: Basic 26,312 26,326 Diluted 28,137 27,493 Pro forma combined net income per share: Basic $ 0.53 $ 1.21 Diluted 0.49 1.15 Laughlin Acquisition On July 14, 2018, the Company entered into a purchase agreement with Marnell Gaming, LLC (the “Seller”) to acquire Edgewater Gaming, LLC and Colorado Belle Gaming, LLC (collectively, the “Acquired Entities”). At the closing of the acquisition, the Company expects to pay the Seller $155 million in cash and issue to the Seller between 455,501 and 1,226,348 shares of the Company’s newly issued common stock (which was valued at signing at between $13 million and $35 million, based on the volume-weighted average trading price of the Company’s common stock for the twenty trading days ending on July 13, 2018), with the final amount based on the earnings before interest, taxes, depreciation, amortization, rent and management fees of the Acquired Entities from December 1, 2017 to November 30, 2018. Consummation of the acquisition is subject to the satisfaction or waiver of customary closing conditions, applicable gaming authority approvals, the absence of a material adverse effect regarding the Acquired Entities, and other customary closing conditions. The Company and the Seller have agreed that the closing of the transactions will not occur prior to January 1, 2019, unless otherwise agreed by the parties. The Company intends to finance the cash portion of the purchase price from a combination of borrowings under the Company’s revolving credit facility and cash on hand.

Property and Equipment, Net

Property and Equipment, Net	9 Months Ended
	Sep. 30, 2018
Property Plant And Equipment [Abstract]
Property and Equipment, Net	Note 4 – Property and Equipment, Net Property and equipment, net, consisted of the following: (In thousands) September 30, 2018 December 31, 2017 Land $ 121,081 $ 121,081 Building and site improvements 716,732 705,266 Furniture and equipment 140,966 125,339 Construction in process 29,095 6,972 Property and equipment 1,007,874 958,658 Less: Accumulated depreciation (121,340 ) (63,417 ) Property and equipment, net $ 886,534 $ 895,241 Depreciation expense for property and equipment, including capital leases, was $18.8 million and $5.6 million for the three months ended September 30, 2018 and 2017, respectively, and $58.2 million and $15.7 million for the nine months ended September 30, 2018 and 2017, respectively.

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 30, 2018
Payables And Accruals [Abstract]
Accrued Liabilities	Note 5 – Accrued Liabilities Accrued liabilities consisted of the following: (In thousands) September 30, 2018 December 31, 2017 Gaming liabilities $ 11,396 $ 12,209 Interest 482 1,770 Deposits 2,846 — Other accrued liabilities 3,411 6,394 Total accrued liabilities $ 18,135 $ 20,373

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Long-Term Debt	Note 6 – Long-Term Debt Long-term debt, net, consisted of the following: (In thousands) September 30, 2018 December 31, 2017 Term loans $ 994,000 $ 1,000,000 Capital lease obligations 5,238 5,839 Notes payable 426 1,159 Total long-term debt 999,664 1,006,998 Less unamortized discount (26,771 ) (30,122 ) Less unamortized debt issuance costs (3,564 ) (3,917 ) 969,329 972,959 Less current maturities (8,859 ) (9,759 ) Long-term debt, net $ 960,470 $ 963,200 Senior Secured Credit Facilities As of September 30, 2018, the Company’s senior secured credit facilities consisted of a $940 million senior secured first lien credit facility (consisting of $800 million in term loans and a $140 million revolving credit facility) with JPMorgan Chase Bank, N.A. (as administrative agent and collateral agent), the lenders party thereto and the other entities party thereto (the “First Lien Facility”), and a $200 million senior secured second lien term loan facility with Credit Suisse AG, Cayman Islands Branch (as administrative agent and collateral agent), the lenders party thereto and the other entities party thereto (the “Second Lien Term Loan” and, together with the First Lien Facility, the “Credit Facilities”). On June 11, 2018, the Company entered into Incremental Joinder Agreement No. 1 with JPMorgan Chase Bank, N.A. and the lenders party thereto, pursuant to which the size of the revolving credit facility under the First Lien Facility was increased from $100 million to $140 million. As of September 30, 2018, $794 million and $200 million of term loan borrowings were outstanding under the Company’s First Lien Facility and Second Lien Term Loan, respectively, there were no letters of credit outstanding under the First Lien Facility, and the Company’s revolving credit facility was undrawn, leaving borrowing availability under the revolving credit facility as of September 30, 2018 of $140 million. As of September 30, 2018, the weighted-average effective interest rate on the Company’s outstanding borrowings under the Credit Facilities was approximately 5.7%. The revolving credit facility under the First Lien Facility matures on October 20, 2022, and the term loans under the First Lien Facility mature on October 20, 2024. The term loans under the First Lien Facility are repayable in 27 quarterly installments of $2 million each, which commenced in March 2018, followed by a final installment of $746 million at maturity. The term loans under the Second Lien Term Loan are repayable in full at maturity on October 20, 2025. The Company was in compliance with its financial covenants under the Credit Facilities as of September 30, 2018.

Stock Incentive Plans and Share

Stock Incentive Plans and Share-Based Compensation	9 Months Ended
	Sep. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Incentive Plans and Share-Based Compensation	Note 7 – Stock Incentive Plans and Share-Based Compensation As of September 30, 2018, 1,007,154 shares of the Company’s common stock were available for grants of awards under the Company’s 2015 Incentive Award Plan (the “2015 Plan”), which includes the annual increase in the number of shares available for grant on January 1, 2018 of 1,056,505 shares. Stock Options The following table summarizes the Company’s stock option activity: Stock Options Weighted- Average Shares Exercise Price Outstanding at January 1, 2018 4,375,929 $ 10.73 Granted — Exercised (733,033 ) $ 7.05 Cancelled (117,635 ) $ 12.15 Outstanding at September 30, 2018 3,525,261 $ 11.44 Exercisable and Vested at September 30, 2018 2,056,168 $ 10.25 Share-based compensation expense related to stock options was $1.1 million and $1.4 million for the three months ended September 30, 2018 and 2017, respectively, and $4.0 million and $3.6 million for the nine months ended September 30, 2018 and 2017, respectively. The Company’s unrecognized share-based compensation expense related to stock options was approximately $8.3 million as of September 30, 2018, which is expected to be recognized over a weighted-average period of 2.2 years. Restricted Stock Units and Performance Stock Units On March 14, 2018, the Compensation Committee of the Board of Directors of the Company approved a new long-term incentive structure for equity awards to be granted to the executive officers of the Company under the 2015 Plan. Under this new structure, commencing in the first quarter of 2018, the executive officers of the Company receive long-term equity awards in a combination of time-based restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”). The number of PSUs that will be eligible to vest will be determined based on the Company’s attainment of performance goals set by the Compensation Committee. Following the two-year performance period, the number of “vesting eligible” PSUs will then be subject to one additional year of time-based vesting. Share-based compensation costs related to RSU and PSU awards are calculated based on the market price on the date of the grant. The Company periodically reviews the estimates of performance against the defined criteria to assess the expected payout of each outstanding PSU grant and adjusts the stock compensation expense accordingly. The following table summarizes the Company’s RSU and PSU activity: RSUs PSUs Weighted- Weighted- Average Grant Average Grant Shares Date Fair Value Shares (1) Date Fair Value Outstanding at January 1, 2018 — 62,791 $ 27.87 Granted 241,542 $ 29.09 108,957 $ 28.72 Vested — — Cancelled (8,081 ) $ 28.72 — Outstanding at September 30, 2018 233,461 $ 29.10 171,748 $ 28.41 __________________ (1) The number of shares listed for PSUs as outstanding at January 1, 2018 and granted in 2018 represents the “target” number of PSUs granted to each recipient eligible to vest if the Company meets its “target” performance goals for the applicable period. The actual number of PSUs eligible to vest will vary depending on whether or not the Company meets or exceeds the applicable threshold, target or maximum performance goals for the PSUs. With respect to 108,957 of the listed “target” number of PSUs, 200% of the “target” number of PSUs will be eligible to vest at “maximum” performance levels. Outstanding PSUs as of December 31, 2017 were combined with the RSUs in the Company’s Annual Report on Form 10-K previously filed with the SEC. Share-based compensation expense related to RSUs was $1.1 million and $0.2 million for the three months ended September 30, 2018 and 2017, respectively, and $2.3 million and $1.5 million for the nine months ended September 30, 2018 and 2017, respectively. Share-based compensation expense related to PSUs was $0.3 million and $0.8 million for the three and nine months ended September 30, 2018, respectively. There was no share-based compensation expense related to PSUs in 2017. As of September 30, 2018, there was $4.5 million and $3.2 million of unamortized compensation expense related to unvested RSUs and PSUs, respectively, which is expected to be recognized over a weighted-average period of 1.5 years for RSUs and 2.8 years for PSUs.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Note 8 – Income Taxes The Company’s effective tax rate was (2.5)% and (231.33)% for the nine months ended September 30, 2018 and 2017, respectively. Income tax benefit was $0.1 million for the nine months ended September 30, 2018, which was attributed primarily to excess tax benefits from stock options exercised during the third quarter of 2018. Income tax benefit was $10.9 million for the nine months ended September 30, 2017, which was attributed primarily to a partial release of valuation allowance on deferred tax assets. Deferred tax assets are evaluated by considering historical levels of income, estimates of future taxable income and the impact of tax planning strategies. The Company continues to evaluate its deferred tax asset valuation allowance on a quarterly basis. The Company concluded that, as of December 31, 2017, it is more likely than not that the Company will generate sufficient taxable income within the applicable net operating loss carry-forward periods to realize a portion of its deferred tax assets. The Company’s income taxes receivable was $0.2 million as of September 30, 2018 and December 31, 2017. On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the “Tax Act”) was signed into law making significant changes to the Internal Revenue Code. Changes include, but are not limited to, a corporate income tax rate decrease from 35% to 21% effective for tax years beginning after December 31, 2017. As of September 30, 2018, the Company had not completed its accounting for the tax effects of enactment of the Tax Act; however, in certain cases, as described below, the Company has made a reasonable estimate of the effects on its existing deferred tax balances. For any amounts the Company has not been able to make a reasonable estimate, it will continue to account for those items based on its existing accounting under ASC 740, Income Taxes, and the provisions of the tax laws that were in effect immediately prior to enactment. In all cases, the Company will continue to make and refine its calculations as additional analysis is completed. In addition, the Company’s estimates may also be affected as it gains a more thorough understanding of the Tax Act. Given the significance of the legislation, the SEC staff issued Staff Accounting Bulletin (“SAB”) No. 118 (SAB 118), which allows registrants to record provisional amounts during a one year “measurement period” similar to that used when accounting for business combinations. However, the measurement period is deemed to have ended earlier when the registrant has obtained, prepared, and analyzed the information necessary to finalize its accounting. During the measurement period, impacts of the law are expected to be recorded at the time a reasonable estimate for all or a portion of the effects can be made, and provisional amounts can be recognized and adjusted as information becomes available, prepared, or analyzed. SAB 118 summarizes a three-step process to be applied at each reporting period to account for and qualitatively disclose: (1) the effects of the change in tax law for which accounting is complete; (2) provisional amounts (or adjustments to provisional amounts) for the effects of the tax law where accounting is not complete, but that a reasonable estimate has been determined; and (3) a reasonable estimate cannot yet be made and therefore taxes are reflected in accordance with law prior to the enactment of the Tax Act. Several provisions of the Tax Act have significant impact on the Company’s U.S. tax attributes, generally consisting of credits and loss carry-forwards. Although the Company has made a reasonable estimate of the gross amounts of the attributes disclosed, the Company is continuing to analyze certain aspects of the Tax Act and is refining its calculations which could potentially affect the measurements of these balances or potentially give rise to new deferred tax amounts.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	Note 9 – 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. The carrying values of cash and cash equivalents, accounts receivable and payable, short-term borrowings and accrued and other current liabilities approximate fair value because of the short duration of these financial instruments. As of September 30, 2018 and December 31, 2017, the fair value of the Company’s long-term debt approximated the carrying value because the terms were recently negotiated and based upon the Company’s expected borrowing rate for debt with similar remaining maturities and comparable risk. As of September 30, 2018, the Company had one derivative instrument outstanding from which the Company will receive cash payments at the end of each period in which the interest rate exceeds the agreed upon strike price (the “Interest Rate Cap”), with a notional amount of $650 million, which expires on December 31, 2020. Using Level 2 inputs, the Company adjusts the carrying value of its Interest Rate Cap derivative to estimate fair value quarterly. The fair value of the Company’s asset under its Interest Rate Cap is based upon observable market-based inputs that reflect the present values of the difference between estimated future fixed rate payments and future variable receipts. Fair value of the Company’s Interest Rate Cap at September 30, 2018 was $9.2 million. As the Company elected to not apply hedge accounting, the change in fair value of this Interest Rate Cap was recorded in the consolidated statement of operations.

Leases

Leases	9 Months Ended
	Sep. 30, 2018
Leases [Abstract]
Leases	Note 10 – Leases Rental Income The Company recorded rental revenue of $1.9 million for the three months ended September 30, 2018 and no rental revenue during the three months ended September 30, 2017. The Company recorded rental revenue of $5.5 million for the nine months ended September 30, 2018 and de minmus amount for the nine months ended September 30, 2017. Rent Expense The Company leases its branded tavern locations, office headquarters building, land, equipment and vehicles under noncancelable operating leases that are not subject to contingent rents. The Company leases one of its tavern locations and its office headquarters building from a related party. See Note 13, Related Party Transactions, Slot placement contracts in the form of space agreements are also accounted for as operating leases. Under space agreements, the Company pays fixed monthly rental fees for the right to install, maintain and operate its slots at business locations, which are recorded in gaming expenses. Other operating leases include an operating ground lease with the Maryland Department of Natural Resources for approximately 270 acres in the Rocky Gap State Park on which Rocky Gap is situated, and leases of four parcels of land in Pahrump, Nevada, on which the Company’s Gold Town Casino is located. Operating lease rental expense associated with all operating leases, which is calculated on a straight-line basis, is as follows: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2018 2017 2018 2017 Space agreements $ 9,559 $ 9,245 $ 28,981 $ 27,884 Related party leases 384 469 1,175 1,550 Other operating leases 3,805 3,430 11,215 9,958 Total rent expense $ 13,748 $ 13,144 $ 41,371 $ 39,392

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2018
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 11 – Commitments and Contingencies Participation and Revenue Share Agreements In addition to the space agreements described above in Note 10, Leases Related Party Transactions . The Company also enters into amusement device and ATM placement contracts in the form of revenue share agreements. Under these revenue share agreements, the Company pays the business location a percentage of the non-gaming revenue generated from the Company’s amusement devices and ATMs placed at the location. During the three months ended September 30, 2018 and 2017, the total contingent payments recognized by the Company as other operating expenses for amusement devices and ATMs under such agreements were $0.3 million and $0.2 million, respectively. During the nine months ended September 30, 2018 and 2017, the total contingent payments recognized by the Company as other operating expenses for amusement devices and ATMs under such agreements were $1.1 million and $1.0 million, respectively. Capital Lease Financing Agreement In June 2018 the Company entered into a capital lease financing arrangement for external and internal lighting and renovations at the Stratosphere. Construction commenced in the third quarter of 2018 and is expected to be completed in the first quarter of 2019. The total amount to be paid is $9.6 million, of which $8.5 million will be financed over a 36-month period. Miscellaneous Legal Matters 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 has recorded reserves of $1.7 million for claims as of September 30, 2018. Although lawsuits, claims, investigations and other legal proceedings are inherently uncertain and their results cannot be predicted with certainty, the Company believes that the resolution of its currently pending matters should not have a material adverse effect on its business, financial condition, results of operations or liquidity. Regardless of the outcome, legal proceedings can have an adverse impact on the Company because of defense costs, diversion of management resources and other factors. In addition, it is possible that an unfavorable resolution of one or more such proceedings could in the future materially and adversely affect the Company’s business, financial condition, results of operations or liquidity in a particular period. In February and April 2017, several former employees filed two separate purported class action lawsuits against the Company in the District Court of Clark County, Nevada, and on behalf of similarly situated individuals employed by the Company in the State of Nevada. The lawsuits allege that the Company violated certain Nevada labor laws including payment of an hourly wage below the statutory minimum wage without providing a qualified health insurance plan and an associated failure to pay proper overtime compensation. The complaints seek, on behalf of the plaintiffs and members of the putative class, an unspecified amount of damages (including punitive damages), injunctive and equitable relief, and an award of attorneys’ fees, interest and costs. The Company agreed to settle the first of these cases in the fourth quarter of 2017 and the second of these cases in the third quarter of 2018. Both settlements are subject to court approval and are included in the Company’s recorded reserves of $1.7 million at September 30, 2018. On August 31, 2018, prior guests of the Stratosphere filed a purported class action complaint against the Company in the District Court, Clark County, Nevada, on behalf of similarly situated individuals and entities that paid the Clark County Combined Transient Lodging Tax (“Tax”) on the portion of a resort fee that constitutes charges for Internet access, during the period of February 6, 2014 through the date the alleged conduct ceases. The lawsuit alleges that the Tax was charged in violation of the federal Internet Tax Freedom Act, which imposes a national moratorium on the taxation of Internet access by states and their political subdivisions, and seeks, on behalf of the plaintiff and the putative class, damages equal to the amount of the Tax collected on the Internet access component of the resort fee, injunctive relief, disgorgement, interest, fees and costs. The Company has not yet been served on this complaint. While legal proceedings are inherently unpredictable and no assurance can be given as to the ultimate outcome of any of the above matters, based on management’s current understanding of the relevant facts and circumstances, the Company believes that these proceedings should not have a material adverse effect on its financial position, results of operations or cash flows.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Segment Information	Note 12 – Segment Information The Company conducts its business through two reportable operating segments: Casinos and Distributed Gaming. The Company’s Casinos segment involves the ownership and operation of eight resort casino properties in Nevada and Maryland. The Company’s Distributed Gaming segment involves the installation, maintenance and operation of slots and amusement devices in certain strategic, high-traffic, non-casino locations (such as grocery stores, convenience stores, restaurants, bars, taverns and liquor stores) in Nevada and Montana, and the operation of wholly-owned branded taverns targeting local patrons located primarily in the greater Las Vegas, Nevada metropolitan area. The Corporate and Other segment includes the Company’s cash and cash equivalents, miscellaneous receivables and corporate overhead. Costs recorded in the Corporate and Other segment have not been allocated to the Company’s reportable operating segments because these costs are not easily allocable and to do so would not be practical. Results of Operations - Segment Net Income (Loss), Revenues and Adjusted EBITDA The Company evaluates each segment’s profitability based upon such segment’s Adjusted EBITDA, which represents each segment’s earnings before interest and other non-operating income (expense), income taxes, depreciation and amortization, preopening expense, acquisition expenses, class action litigation expenses, share-based compensation expenses, executive severance, gain/loss on disposal of property and equipment and other gains and losses, calculated before corporate overhead (which is not allocated to each segment). The following tables set forth, for the periods indicated, certain operating data for the Company’s segments, and reconciles Adjusted EBITDA to net income (loss): Three Months Ended September 30, 2018 (In thousands) Casinos Distributed Gaming Corporate and Other Consolidated Revenues Gaming $ 60,440 $ 67,324 $ — $ 127,764 Food and beverage 29,666 12,333 — 41,999 Rooms 28,104 — — 28,104 Other 10,627 1,531 312 12,470 Total revenues $ 128,837 $ 81,188 $ 312 $ 210,337 Net income (loss) $ 19,113 $ 5,014 $ (27,251 ) $ (3,124 ) Depreciation and amortization 17,667 5,292 371 23,330 Acquisition expenses — — 1,123 1,123 Loss on disposal of property and equipment 770 4 — 774 Share-based compensation 37 3 2,743 2,783 Preopening expenses — 73 (52 ) 21 Class action litigation expenses — — 219 219 Executive severance 54 1 65 120 Other, net — — 50 50 Interest expense, net 25 21 16,245 16,291 Change in fair value of derivative — — (1,222 ) (1,222 ) Income tax benefit — — (2,222 ) (2,222 ) Adjusted EBITDA $ 37,666 $ 10,408 $ (9,931 ) $ 38,143 Three Months Ended September 30, 2017 (In thousands) Casinos Distributed Gaming Corporate and Other Consolidated Revenues Gaming $ 19,958 $ 66,686 $ — $ 86,644 Food and beverage 3,674 11,495 — 15,169 Rooms 2,237 — — 2,237 Other 1,552 1,966 92 3,610 Total revenues $ 27,421 $ 80,147 $ 92 $ 107,660 Net income (loss) $ 6,686 $ 7,517 $ (5,648 ) $ 8,555 Depreciation and amortization 2,202 4,937 400 7,539 Acquisition expenses — — 2,975 2,975 Loss on disposal of property and equipment 35 272 1 308 Gain on contingent consideration — (1,719 ) — (1,719 ) Share-based compensation — — 1,603 1,603 Preopening expenses — 121 161 282 Class action litigation expenses — — 1,530 1,530 Sign-on bonuses — — 166 166 Interest expense, net 5 41 1,839 1,885 Income tax benefit — — (8,051 ) (8,051 ) Adjusted EBITDA $ 8,928 $ 11,169 $ (5,024 ) $ 15,073 Nine Months Ended September 30, 2018 (In thousands) Casinos Distributed Gaming Corporate and Other Consolidated Revenues Gaming $ 186,828 $ 207,345 $ — $ 394,173 Food and beverage 90,405 37,619 — 128,024 Rooms 81,737 — — 81,737 Other 31,280 5,782 673 37,735 Total revenues $ 390,250 $ 250,746 $ 673 $ 641,669 Net income (loss) $ 67,190 $ 20,014 $ (82,804 ) $ 4,400 Depreciation and amortization 54,714 15,419 1,288 71,421 Acquisition expenses — — 2,429 2,429 Loss on disposal of property and equipment 1,050 19 — 1,069 Share-based compensation 37 3 7,345 7,385 Preopening expenses — 309 549 858 Class action litigation expenses 16 195 343 554 Executive severance 273 38 367 678 Other, net 144 167 129 440 Interest expense, net 74 93 46,933 47,100 Change in fair value of derivative — — (5,895 ) (5,895 ) Income tax benefit — — (106 ) (106 ) Adjusted EBITDA $ 123,498 $ 36,257 $ (29,422 ) $ 130,333 Nine Months Ended September 30, 2017 (In thousands) Casinos Distributed Gaming Corporate and Other Consolidated Revenues Gaming $ 57,385 $ 204,694 $ — $ 262,079 Food and beverage 10,747 34,314 — 45,061 Rooms 5,646 — — 5,646 Other 4,112 6,263 267 10,642 Total revenues $ 77,890 $ 245,271 $ 267 $ 323,428 Net income (loss) $ 16,365 $ 23,596 $ (24,351 ) $ 15,610 Depreciation and amortization 5,798 14,513 1,188 21,499 Acquisition expenses — — 5,041 5,041 Loss on disposal of property and equipment 35 272 1 308 Gain on contingent consideration — (1,719 ) — (1,719 ) Share-based compensation — — 5,352 5,352 Preopening expenses — 730 398 1,128 Class action litigation expenses — — 1,585 1,585 Sign-on bonuses — — 166 166 Interest expense, net (34 ) 361 5,241 5,568 Income tax benefit — — (10,893 ) (10,893 ) Adjusted EBITDA $ 22,164 $ 37,753 $ (16,272 ) $ 43,645 Total Segment Assets The Company’s assets by segment consisted of the following amounts: (In thousands) Casinos Distributed Gaming Corporate and Other Consolidated Balance at September 30, 2018 $ 1,012,607 $ 297,151 $ 80,502 $ 1,390,260 Balance at December 31, 2017 $ 1,039,025 $ 298,453 $ 27,697 $ 1,365,175

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Note 13 – Related Party Transactions As of September 30, 2018, the Company leased its office headquarters building from a company 33% beneficially owned by Blake L. Sartini, 5% owned by a trust for the benefit of Mr. Sartini’s immediate family members (including Blake L. Sartini, II) for which Mr. Sartini serves as trustee, and 3% beneficially owned by Stephen A. Arcana. The rent expense for the office headquarters building was $0.3 million for each of the three months ended September 30, 2018 and 2017, and $1.0 million and $0.9 million for the nine months ended September 30, 2018 and 2017, respectively. There were no amounts and $0.1 million owed by the Company with respect to such lease as of September 30, 2018 and December 31, 2017, respectively. Additionally, a portion of the office headquarters building was sublet to a company owned or controlled by Mr. Sartini. There was less than $0.1 million of rental income under such sublease for each of the three and nine months ended September 30, 2018. There was no rental income and less than $0.1 million of rental income under such sublease for the three and nine months ended September 30, 2017, respectively. No amounts were owed to the Company under such sublease at September 30, 2018 or December 31, 2017. Mr. Sartini serves as the Chairman of the Board, President and Chief Executive Officer of the Company and is co-trustee of the Sartini Trust, which is a significant shareholder of the Company. Mr. Arcana serves as the Executive Vice President and Chief Operating Officer of the Company. As of September 30, 2018, the Company leased one tavern location from a trust controlled by Mr. Sartini through a trust for the benefit of Mr. Sartini’s immediate family members (including Blake L. Sartini, II) for which Mr. Sartini serves as trustee. In addition, a second tavern location that the Company had previously leased from related parties was sold in January 2018 to an unrelated third party. The rent expense for tavern locations leased from related parties (including sold tavern locations for the periods in which the leases were with related parties) was $0.1 million and $0.2 million for the three months ended September 30, 2018 and 2017, respectively, and $0.4 million and $0.7 million for the nine months ended September 30, 2018 and 2017, respectively. There were no amounts owed by the Company with respect to such leases as of September 30, 2018 and December 31, 2017. During each of the three months ended September 30, 2018 and 2017, the Company paid less than $0.1 million under aircraft time-sharing, co-user and cost-sharing agreements between the Company and Sartini Enterprises, Inc. a company controlled by Mr. Sartini. During each of the nine months ended September 30, 2018 and 2017, the Company paid $0.2 million and $0.1 million, respectively, under aircraft time-sharing, co-user and cost-sharing agreements. The Company owed less than $0.1 million under the aircraft time-sharing, co-user and cost-sharing agreements as of September 30, 2018 and December 31, 2017 During the three months ended September 30, 2018 and 2017, the Company recorded revenues of $0.2 million and $0.3 million, respectively, and the Company recorded gaming expenses of $0.2 million and $0.3 million, respectively, related to the use of the Company’s slots at a distributed gaming location owned in part by Sean T. Higgins, who serves as the Company’s Executive Vice President of Compliance and Governmental Affairs and Chief Legal Officer. During each of the nine months ended September 30, 2018 and 2017, the Company recorded revenues of $0.7 million and $0.9 million, respectively, and the Company recorded gaming expenses of $0.7 million and $0.8 million, respectively, related to the use of the Company’s slots at a distributed gaming location owned in part by Mr. Higgins. and no amount was due and payable by the Company as of December 31, 2017 During each of the three months ended September 30, 2018 and 2017, the Company recorded selling, general and administrative (“SG&A”) expenses and December 31, 2017 . The consulting agreement expired on July 31, 2018.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	Note 14 – Subsequent Events On November 7, 2018, the Board of Directors authorized the Company to repurchase up to $25 million shares of common stock, subject to available liquidity, general market and economic conditions, alternate uses for the capital and other factors. Share repurchases may be made from time to time in open market transactions, block trades or in private transactions in accordance with applicable securities laws and regulations and other legal requirements, including compliance with the Company’s finance agreements. There is no minimum number of shares that the Company is required to repurchase and the repurchase program may be suspended or discontinued at any time without prior notice. On November 8, 2018, the Company entered into Incremental Joinder Agreement No. 2, pursuant to which the size of the revolving credit facility under the First Lien Facility was increased from $140 million to $200 million. The Company’s management evaluates subsequent events through the date of issuance of the consolidated financial statements. There have been no other subsequent events that occurred during such period that would require adjustment to or disclosure in the consolidated financial statements as of and for the nine months September 30, 2018.

Nature of Business and Basis _2

Nature of Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2018
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, please refer to the audited consolidated financial statements of the Company for the year ended December 31, 2017 and the notes thereto included in the Company’s Annual Report on Form 10-K previously filed with the SEC. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments, which include 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. 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. Certain minor reclassifications have been made to the prior year period amounts to conform to the current presentation.
Change in Depreciable Live of Property and Equipment	Change in Depreciable Lives of Property and Equipment During the quarter ended June 30, 2018, the Company completed an analysis associated with planned renovations of certain assets acquired in the American Acquisition (see Note 3, Acquisitions Net Income Per Share For all periods, 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. Due to the net loss for the quarter ended September 30, 2018, the effect of all potential common share equivalents was anti-dilutive, and therefore all such shares were excluded from the computation of diluted weighted average shares outstanding for this period. The amount of potential common share equivalents were 1,870,290 for quarter ended September 30, 2018.
New Accounting Pronouncements	New Accounting Pronouncements In May 2014 (amended January 2017), the Financial Accounting Standards Board (“FASB”) issued a comprehensive new revenue recognition model, Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers which created a new Topic 606 (“ASC 606”). The guidance is intended to clarify the principles for recognizing revenue and to develop a common revenue standard for GAAP applicable to revenue transactions. Existing industry guidance was eliminated, including revenue recognition guidance specific to the gaming industry. The Company adopted the standard as of January 1, 2018, following the full retrospective approach. The accompanying financial statements and related disclosures reflect the effects of the new revenue standard. The most significant impacts of the adoption are summarized in Note 2, Revenue Recognition . In February 2016, the FASB issued ASU 2016-02, Leases has begun planning its assessment and implementation process, including determining the completeness of its lease population, and is currently due to recognition of right-of-use assets and lease liabilities The Company also anticipates expanded footnote disclosures related to its leases under the new guidance. The Company’s evaluation of ASU 2016-02 and related guidance pertaining to improvements to ASU 2016-02, including ASU 2018-10 and ASU 2018-11, is ongoing and may identify additional impacts on its consolidated financial statements and related disclosures prior to adoption. In August 2016, the FASB issued ASU 2016-15, Statement of Cash In January 2017, the FASB issued ASU 2017-01, Business Combinations In May 2017, the FASB issued ASU 2017-09, Compensation – Stock Compensation In June 2 018, the FASB issued ASU 2018-07, Compensation – Stock Compensation , which expands previous guidance to include all share-based payment arrangements related to the acquisition of goods and services from both non-employees and employees. ASU 2018-07 is effective for annual periods beginning after December 15, 2018 and interim periods therein, with early adoption permitted. The Company is currently evaluating the impact of this guidance on its consolidated financial statements and disclosures. In August 2 018, the FASB issued ASU 2018-13, Fair Value Measurement , which eliminates certain disclosure requirements for fair value measurements for all entities, requires public entities to disclose certain new information and modifies some disclosure requirements. ASU 2018-13 is effective for annual periods beginning after December 15, 2019 and interim periods therein, with early adoption permitted. The Company is currently evaluating the impact of this guidance on its consolidated financial statements and disclosures. In August 2 018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software , which provides guidance on implementation costs incurred in a cloud computing arrangement that is a service contract. ASU 2018-15 is effective for annual periods beginning after December 15, 2019 and interim periods therein, with early adoption permitted. The Company is currently evaluating the impact of this guidance on its consolidated financial statements and disclosures. No other recently issued accounting standards that are not yet effective have been identified that management believes are likely to have a material impact on the Company’s financial statements.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2018
Accounting Standards Update 2014-09
Summary of Impact of Adoption of the New Standard to Previously Reported Selected Financial Statement Information	The impact of adoption of the new standard to previously reported selected financial statement information was as follows: Three Months Ended September 30, 2017 (In thousands) As Reported Adjustments As Adjusted Gross revenues $ 113,748 $ (6,088 ) $ 107,660 Promotional allowances (5,426 ) 5,426 — Net revenues 108,322 (662 ) 107,660 Operating income 2,389 — 2,389 Net income 8,555 — 8,555 Nine Months Ended September 30, 2017 (In thousands) As Reported Adjustments As Adjusted Gross revenues $ 342,045 $ (18,617 ) $ 323,428 Promotional allowances (16,584 ) 16,584 — Net revenues 325,461 (2,033 ) 323,428 Operating income 10,285 — 10,285 Net income 15,610 — 15,610

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2018
ACEP Holdings [Member]
Summary of Unaudited Pro Forma Combined Financial Information	The following table summarizes certain unaudited pro forma combined financial information derived from a combination of the historical consolidated financial statements of the Company and of American for the three and nine months ended September 30 2017, adjusted to give effect to the American Acquisition, related transactions (including the refinancing), and the adoption of ASC 606. Three Months Ended Nine Months Ended (In thousands, except per share data) September 30, 2017 September 30, 2017 Pro forma combined revenues $ 214,625 $ 638,658 Pro forma combined net income 13,883 31,751 Weighted-average common shares outstanding: Basic 26,312 26,326 Diluted 28,137 27,493 Pro forma combined net income per share: Basic $ 0.53 $ 1.21 Diluted 0.49 1.15

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2018
Property Plant And Equipment [Abstract]
Components of Property and Equipment, Net	Property and equipment, net, consisted of the following: (In thousands) September 30, 2018 December 31, 2017 Land $ 121,081 $ 121,081 Building and site improvements 716,732 705,266 Furniture and equipment 140,966 125,339 Construction in process 29,095 6,972 Property and equipment 1,007,874 958,658 Less: Accumulated depreciation (121,340 ) (63,417 ) Property and equipment, net $ 886,534 $ 895,241

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2018
Payables And Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following: (In thousands) September 30, 2018 December 31, 2017 Gaming liabilities $ 11,396 $ 12,209 Interest 482 1,770 Deposits 2,846 — Other accrued liabilities 3,411 6,394 Total accrued liabilities $ 18,135 $ 20,373

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt, net, consisted of the following: (In thousands) September 30, 2018 December 31, 2017 Term loans $ 994,000 $ 1,000,000 Capital lease obligations 5,238 5,839 Notes payable 426 1,159 Total long-term debt 999,664 1,006,998 Less unamortized discount (26,771 ) (30,122 ) Less unamortized debt issuance costs (3,564 ) (3,917 ) 969,329 972,959 Less current maturities (8,859 ) (9,759 ) Long-term debt, net $ 960,470 $ 963,200

Stock Incentive Plans and Sha_2

Stock Incentive Plans and Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Stock Option Activity	The following table summarizes the Company’s stock option activity: Stock Options Weighted- Average Shares Exercise Price Outstanding at January 1, 2018 4,375,929 $ 10.73 Granted — Exercised (733,033 ) $ 7.05 Cancelled (117,635 ) $ 12.15 Outstanding at September 30, 2018 3,525,261 $ 11.44 Exercisable and Vested at September 30, 2018 2,056,168 $ 10.25
Summary of RSU and PSU Activity	The following table summarizes the Company’s RSU and PSU activity: RSUs PSUs Weighted- Weighted- Average Grant Average Grant Shares Date Fair Value Shares (1) Date Fair Value Outstanding at January 1, 2018 — 62,791 $ 27.87 Granted 241,542 $ 29.09 108,957 $ 28.72 Vested — — Cancelled (8,081 ) $ 28.72 — Outstanding at September 30, 2018 233,461 $ 29.10 171,748 $ 28.41 __________________ (1) The number of shares listed for PSUs as outstanding at January 1, 2018 and granted in 2018 represents the “target” number of PSUs granted to each recipient eligible to vest if the Company meets its “target” performance goals for the applicable period. The actual number of PSUs eligible to vest will vary depending on whether or not the Company meets or exceeds the applicable threshold, target or maximum performance goals for the PSUs. With respect to 108,957 of the listed “target” number of PSUs, 200% of the “target” number of PSUs will be eligible to vest at “maximum” performance levels.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2018
Leases [Abstract]
Schedule of Operating Lease Rental Expense	Operating lease rental expense associated with all operating leases, which is calculated on a straight-line basis, is as follows: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2018 2017 2018 2017 Space agreements $ 9,559 $ 9,245 $ 28,981 $ 27,884 Related party leases 384 469 1,175 1,550 Other operating leases 3,805 3,430 11,215 9,958 Total rent expense $ 13,748 $ 13,144 $ 41,371 $ 39,392

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following tables set forth, for the periods indicated, certain operating data for the Company’s segments, and reconciles Adjusted EBITDA to net income (loss): Three Months Ended September 30, 2018 (In thousands) Casinos Distributed Gaming Corporate and Other Consolidated Revenues Gaming $ 60,440 $ 67,324 $ — $ 127,764 Food and beverage 29,666 12,333 — 41,999 Rooms 28,104 — — 28,104 Other 10,627 1,531 312 12,470 Total revenues $ 128,837 $ 81,188 $ 312 $ 210,337 Net income (loss) $ 19,113 $ 5,014 $ (27,251 ) $ (3,124 ) Depreciation and amortization 17,667 5,292 371 23,330 Acquisition expenses — — 1,123 1,123 Loss on disposal of property and equipment 770 4 — 774 Share-based compensation 37 3 2,743 2,783 Preopening expenses — 73 (52 ) 21 Class action litigation expenses — — 219 219 Executive severance 54 1 65 120 Other, net — — 50 50 Interest expense, net 25 21 16,245 16,291 Change in fair value of derivative — — (1,222 ) (1,222 ) Income tax benefit — — (2,222 ) (2,222 ) Adjusted EBITDA $ 37,666 $ 10,408 $ (9,931 ) $ 38,143 Three Months Ended September 30, 2017 (In thousands) Casinos Distributed Gaming Corporate and Other Consolidated Revenues Gaming $ 19,958 $ 66,686 $ — $ 86,644 Food and beverage 3,674 11,495 — 15,169 Rooms 2,237 — — 2,237 Other 1,552 1,966 92 3,610 Total revenues $ 27,421 $ 80,147 $ 92 $ 107,660 Net income (loss) $ 6,686 $ 7,517 $ (5,648 ) $ 8,555 Depreciation and amortization 2,202 4,937 400 7,539 Acquisition expenses — — 2,975 2,975 Loss on disposal of property and equipment 35 272 1 308 Gain on contingent consideration — (1,719 ) — (1,719 ) Share-based compensation — — 1,603 1,603 Preopening expenses — 121 161 282 Class action litigation expenses — — 1,530 1,530 Sign-on bonuses — — 166 166 Interest expense, net 5 41 1,839 1,885 Income tax benefit — — (8,051 ) (8,051 ) Adjusted EBITDA $ 8,928 $ 11,169 $ (5,024 ) $ 15,073 Nine Months Ended September 30, 2018 (In thousands) Casinos Distributed Gaming Corporate and Other Consolidated Revenues Gaming $ 186,828 $ 207,345 $ — $ 394,173 Food and beverage 90,405 37,619 — 128,024 Rooms 81,737 — — 81,737 Other 31,280 5,782 673 37,735 Total revenues $ 390,250 $ 250,746 $ 673 $ 641,669 Net income (loss) $ 67,190 $ 20,014 $ (82,804 ) $ 4,400 Depreciation and amortization 54,714 15,419 1,288 71,421 Acquisition expenses — — 2,429 2,429 Loss on disposal of property and equipment 1,050 19 — 1,069 Share-based compensation 37 3 7,345 7,385 Preopening expenses — 309 549 858 Class action litigation expenses 16 195 343 554 Executive severance 273 38 367 678 Other, net 144 167 129 440 Interest expense, net 74 93 46,933 47,100 Change in fair value of derivative — — (5,895 ) (5,895 ) Income tax benefit — — (106 ) (106 ) Adjusted EBITDA $ 123,498 $ 36,257 $ (29,422 ) $ 130,333 Nine Months Ended September 30, 2017 (In thousands) Casinos Distributed Gaming Corporate and Other Consolidated Revenues Gaming $ 57,385 $ 204,694 $ — $ 262,079 Food and beverage 10,747 34,314 — 45,061 Rooms 5,646 — — 5,646 Other 4,112 6,263 267 10,642 Total revenues $ 77,890 $ 245,271 $ 267 $ 323,428 Net income (loss) $ 16,365 $ 23,596 $ (24,351 ) $ 15,610 Depreciation and amortization 5,798 14,513 1,188 21,499 Acquisition expenses — — 5,041 5,041 Loss on disposal of property and equipment 35 272 1 308 Gain on contingent consideration — (1,719 ) — (1,719 ) Share-based compensation — — 5,352 5,352 Preopening expenses — 730 398 1,128 Class action litigation expenses — — 1,585 1,585 Sign-on bonuses — — 166 166 Interest expense, net (34 ) 361 5,241 5,568 Income tax benefit — — (10,893 ) (10,893 ) Adjusted EBITDA $ 22,164 $ 37,753 $ (16,272 ) $ 43,645 Total Segment Assets The Company’s assets by segment consisted of the following amounts: (In thousands) Casinos Distributed Gaming Corporate and Other Consolidated Balance at September 30, 2018 $ 1,012,607 $ 297,151 $ 80,502 $ 1,390,260 Balance at December 31, 2017 $ 1,039,025 $ 298,453 $ 27,697 $ 1,365,175

Nature of Business and Basis _3

Nature of Business and Basis of Presentation (Details Textual) $ / shares in Units, $ in Thousands	Apr. 01, 2018	Jan. 31, 2018USD ($)shares	Sep. 30, 2018USD ($)Property$ / sharesshares	Mar. 31, 2018	Sep. 30, 2018USD ($)SegmentProperty$ / shares	Sep. 30, 2017USD ($)
Nature Of Business And Basis Of Presentation [Line Items]
Number of reportable operating segments | Segment					2
Proceeds from issuance of common stock					$ 27,242	$ 168
Decrease in depreciation expense			$ (2,100)		(4,300)
Decrease in net loss			$ (2,500)
Decrease in loss per share basic | $ / shares			$ (0.09)
Decrease in loss per share diluted | $ / shares			$ (0.09)
Increase in net income					$ 4,200
Increase in earnings per share basic | $ / shares					$ 0.15
Increase in earnings per share diluted | $ / shares					$ 0.14
Anti-dilutive potential common share equivalents | shares			1,870,290
Building and Building Improvements [Member]
Nature Of Business And Basis Of Presentation [Line Items]
Estimated useful lives	19 years			10 years
Initial Public Offering [Member]
Nature Of Business And Basis Of Presentation [Line Items]
Common stock shares resold by shareholders | shares		6,500,000
Newly issued shares of common stock | shares		975,000
Proceeds from issuance of common stock		$ 25,600
Nevada and Maryland [Member]
Nature Of Business And Basis Of Presentation [Line Items]
Number of resort casino properties | Property			8		8

Revenue Recognition (Details Te

Revenue Recognition (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2018	Jan. 01, 2018	Dec. 31, 2017
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Gaming liabilities	$ 11,396		$ 12,209
Accumulated deficit	$ (75,461)		$ (79,861)
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect Before and After Topic 606
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Accumulated deficit		$ (1,100)

Revenue Recognition - Summary o

Revenue Recognition - Summary of Impact of Adoption of the New Standard to Previously Reported Selected Financial Statement Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Gross revenues		$ 107,660		$ 323,428
Net revenues		107,660		323,428
Operating income	$ 9,723	2,389	$ 45,499	10,285
Net income	$ (3,124)	8,555	$ 4,400	15,610
Accounting Standards Update 2014-09 | As Reported
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Gross revenues		113,748		342,045
Promotional allowances		(5,426)		(16,584)
Net revenues		108,322		325,461
Operating income		2,389		10,285
Net income		8,555		15,610
Accounting Standards Update 2014-09 | Adjustments
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Gross revenues		(6,088)		(18,617)
Promotional allowances		5,426		16,584
Net revenues		$ (662)		$ (2,033)

Acquisitions (Details Textual)

Acquisitions (Details Textual) - USD ($)	Jul. 14, 2018	Oct. 20, 2017
ACEP Holdings [Member]
Business Acquisition [Line Items]
Business acquisition, date of acquisition		Oct. 20, 2017
Consideration paid, cash		$ 787,600,000
Consideration paid, shares issued		4,000,000
Fair value of common stock issued		$ 101,500,000
Common stock price per share		$ 25.08
Marnell Gaming, LLC [Member]
Business Acquisition [Line Items]
Business acquisition, date of acquisition	Jul. 14, 2018
Consideration paid, cash	$ 155,000,000
Marnell Gaming, LLC [Member] | Minimum [Member]
Business Acquisition [Line Items]
Consideration paid, shares issued	455,501
Fair value of common stock issued	$ 13,000,000
Marnell Gaming, LLC [Member] | Maximum [Member]
Business Acquisition [Line Items]
Consideration paid, shares issued	1,226,348
Fair value of common stock issued	$ 35,000,000

Summary of Unaudited Pro Forma

Summary of Unaudited Pro Forma Combined Financial Information (Details) - American Acquisition [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Business Acquisition [Line Items]
Pro forma combined revenues	$ 214,625	$ 638,658
Pro forma combined net income	$ 13,883	$ 31,751
Weighted-average common shares outstanding:
Basic	26,312	26,326
Diluted	28,137	27,493
Pro forma combined net income per share:
Basic	$ 0.53	$ 1.21
Diluted	$ 0.49	$ 1.15

Components of Property and Equi

Components of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Property Plant And Equipment [Abstract]
Land	$ 121,081	$ 121,081
Building and site improvements	716,732	705,266
Furniture and equipment	140,966	125,339
Construction in process	29,095	6,972
Property and equipment	1,007,874	958,658
Less: Accumulated depreciation	(121,340)	(63,417)
Property and equipment, net	$ 886,534	$ 895,241

Property and Equipment, Net (De

Property and Equipment, Net (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Property Plant And Equipment [Abstract]
Depreciation Expense	$ 18.8	$ 5.6	$ 58.2	$ 15.7

Schedule of Accrued Liabilities

Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Payables And Accruals [Abstract]
Gaming liabilities	$ 11,396	$ 12,209
Interest	482	1,770
Deposits	2,846
Other accrued liabilities	3,411	6,394
Total accrued liabilities	$ 18,135	$ 20,373

Long-term Debt (Details)

Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Term loans	$ 994,000	$ 1,000,000
Capital lease obligations	5,238	5,839
Notes payable	426	1,159
Total long-term debt	999,664	1,006,998
Less unamortized discount	(26,771)	(30,122)
Less unamortized debt issuance costs	(3,564)	(3,917)
Long-term Debt	969,329	972,959
Less current maturities	(8,859)	(9,759)
Long-term debt, net	$ 960,470	$ 963,200

Long-Term Debt (Details Textual

Long-Term Debt (Details Textual)	Jun. 11, 2018USD ($)	Sep. 30, 2018USD ($)Installment	Jun. 10, 2018USD ($)	Dec. 31, 2017USD ($)
Debt Instrument [Line Items]
Debt Instrument, Outstanding Amount		$ 969,329,000		$ 972,959,000
Revolving Credit Facility [Member] | Incremental Joinder Agreement No. 1 [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 140,000,000		$ 100,000,000
Agreement start date	Jun. 11, 2018
Senior Secured First Lien Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		940,000,000
Senior Secured First Lien Credit Facility [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		140,000,000
Line of Credit Facility, Undrawn		$ 140,000,000
Line of Credit Facility, Expiration Date		Oct. 20, 2022
Senior Secured First Lien Credit Facility [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Debt Instrument, Outstanding Amount		$ 0
Senior Secured First Lien Credit Facility [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		800,000,000
Debt Instrument, Outstanding Amount		$ 794,000,000
Debt Instrument, Maturity Date		Oct. 20, 2024
Debt Instrument, Number of Quarterly Payments | Installment		27
Debt Instrument, Periodic Payment		$ 2,000,000
Debt Instrument, Commencement Date of Quarterly Payments		Mar. 31, 2018
Debt Instrument, Final Installment		$ 746,000,000
Senior Secured Second Lien Credit Facility [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		200,000,000
Debt Instrument, Outstanding Amount		$ 200,000,000
Debt Instrument, Maturity Date		Oct. 20, 2025
Credit Facilities [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate		5.70%

Stock Incentive Plans and Sha_3

Stock Incentive Plans and Share-Based Compensation (Details Textual) - USD ($)	Jan. 02, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Employee Stock Option [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation Expense		$ 1,100,000	$ 1,400,000	$ 4,000,000	$ 3,600,000
Stock Options, Unrecognized Share-based Compensation Expense		8,300,000		$ 8,300,000
Share-based Compensation Expense Not yet Recognized, Weighted-average Period for Recognition				2 years 2 months 12 days
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation Expense		1,100,000	200,000	$ 2,300,000	1,500,000
Share-based Compensation Expense Not yet Recognized, Weighted-average Period for Recognition				1 year 6 months
Unamortized Compensation Expense Related to Unvested Units		4,500,000		$ 4,500,000
Performance Stock Units (PSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation Expense		300,000	$ 0	$ 800,000	$ 0
Share-based Compensation Expense Not yet Recognized, Weighted-average Period for Recognition				2 years 9 months 18 days
Unamortized Compensation Expense Related to Unvested Units		$ 3,200,000		$ 3,200,000
2015 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common Stock Avialable for Grants of Awards		1,007,154		1,007,154
Number of Shares Available for Grant Annual Increase	1,056,505
Performance Stock Units Vesting Period				2 years
2015 Plan [Member] | Time Based Vesting [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance Stock Units Vesting Period				1 year

Summary of Stock Option Activit

Summary of Stock Option Activity (Details)	9 Months Ended
	Sep. 30, 2018$ / sharesshares
Stock Options Outstanding
Stock Options Outstanding, Beginning of year | shares	4,375,929
Stock Options Outstanding, Exercised | shares	(733,033)
Stock Options Outstanding, Cancelled | shares	(117,635)
Stock Options Outstanding, End of year | shares	3,525,261
Stock Options Outstanding, Exercisable and Vested | shares	2,056,168
Weighted-Average Exercise Price
Weighted-Average Exercise Price, beginning of year | $ / shares	$ 10.73
Weighted Average Exercise Price, Exercised | $ / shares	7.05
Weighted Average Exercise Price, Cancelled | $ / shares	12.15
Weighted-Average Exercise Price, end of year | $ / shares	11.44
Weighted-Average Exercise Price, Exercisable and Vested | $ / shares	$ 10.25

Summary of RSU and PSU Activity

Summary of RSU and PSU Activity (Details) - 2015 Plan [Member]	9 Months Ended
	Sep. 30, 2018$ / sharesshares
RSUs
Restricted Stock Units Outstanding
Restricted Stock Units Outstanding, Granted | shares	241,542
Restricted Stock Units Outstanding, Cancelled | shares	(8,081)
Restricted Stock Units Outstanding, End of year | shares	233,461
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Granted | $ / shares	$ 29.09
Weighted Average Grant Date Fair Value, Cancelled | $ / shares	28.72
Weighted Average Grant Date Fair Value, End of year | $ / shares	$ 29.10
PSUs
Restricted Stock Units Outstanding
Restricted Stock Units Outstanding, Beginning of year | shares	62,791	[1]
Restricted Stock Units Outstanding, Granted | shares	108,957	[1]
Restricted Stock Units Outstanding, End of year | shares	171,748	[1]
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Beginning of year | $ / shares	$ 27.87
Weighted Average Grant Date Fair Value, Granted | $ / shares	28.72
Weighted Average Grant Date Fair Value, End of year | $ / shares	$ 28.41
[1]	The number of shares listed for PSUs as outstanding at January 1, 2018 and granted in 2018 represents the “target” number of PSUs granted to each recipient eligible to vest if the Company meets its “target” performance goals for the applicable period. The actual number of PSUs eligible to vest will vary depending on whether or not the Company meets or exceeds the applicable threshold, target or maximum performance goals for the PSUs. With respect to 108,957 of the listed “target” number of PSUs, 200% of the “target” number of PSUs will be eligible to vest at “maximum” performance levels.

Summary of RSU and PSU Activi_2

Summary of RSU and PSU Activity (Parenthetical) (Details) - Performance Stock Units (PSUs) [Member] - 2015 Plan [Member]	9 Months Ended
	Sep. 30, 2018shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Target number of PSU's eligible to vest at "maximum" performance level	108,957	[1]
Percentage of target number of PSU's eligible to vest at "maximum" performance level	200.00%
[1]	The number of shares listed for PSUs as outstanding at January 1, 2018 and granted in 2018 represents the “target” number of PSUs granted to each recipient eligible to vest if the Company meets its “target” performance goals for the applicable period. The actual number of PSUs eligible to vest will vary depending on whether or not the Company meets or exceeds the applicable threshold, target or maximum performance goals for the PSUs. With respect to 108,957 of the listed “target” number of PSUs, 200% of the “target” number of PSUs will be eligible to vest at “maximum” performance levels.

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Income Tax Disclosure [Line Items]
Income tax benefit	$ (2,222)	$ (8,051)	$ (106)	$ (10,893)
Corporate income tax rate			21.00%		35.00%
Latest Tax Year [Member] | Domestic Tax Authority [Member]
Income Tax Disclosure [Line Items]
Income Taxes Receivable	$ 200		$ 200		$ 200
Latest Tax Year [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Income Tax Disclosure [Line Items]
Effective Tax Rate, Percent			(2.50%)	(231.33%)
Income tax benefit			$ 100
Latest Tax Year [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Reversal of Valuation Allowance of Deferred Tax Assets [Member]
Income Tax Disclosure [Line Items]
Income tax benefit				$ (10,900)

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Details Textual) - Interest Rate Swap [Member] - Not Designated as Accounting Hedge [Member] $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)Agreement
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative instrument, number of outstanding agreement | Agreement	1
Derivative instrument, notional amount	$ 650
Derivative instrument, expiration date	Dec. 31, 2020
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value liability	$ 9.2

Leases (Details Textual)

Leases (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)a	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)aParcel
Lessor Lease Description [Line Items]
Rental revenue | $	$ 1,900,000	$ 0	$ 5,500,000
Gold Town Casino [Member] | Nevada [Member]
Lessor Lease Description [Line Items]
Number of Leased Parcels of Land | Parcel			4
Rocky Gap State Park [Member] | Maryland DNR [Member]
Lessor Lease Description [Line Items]
Area Of Land | a	270		270

Schedule of Operating Lease Ren

Schedule of Operating Lease Rental Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Operating Leased Assets [Line Items]
Total rent expense	$ 13,748	$ 13,144	$ 41,371	$ 39,392
Space Agreements [Member]
Operating Leased Assets [Line Items]
Total rent expense	9,559	9,245	28,981	27,884
Related Party Leases [Member]
Operating Leased Assets [Line Items]
Total rent expense	384	469	1,175	1,550
Other Operating Leases [Member]
Operating Leased Assets [Line Items]
Total rent expense	$ 3,805	$ 3,430	$ 11,215	$ 9,958

Commitments and Contingencies (

Commitments and Contingencies (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)
Commitments And Contingencies [Line Items]
Other Operating Expenses	$ 3,805	$ 1,242	$ 11,456	$ 4,057
Capital lease financing amount to be paid	9,600		9,600
Capital lease financing amount to be financed	8,500		$ 8,500
Capital lease financing agreement, payment period			36 months
Amount recorded for claims	1,700		$ 1,700
Class action lawsuits filed by former employees			February and April 2017
Number of class action lawsuits filed by former employees			2
Gaming [Member]
Commitments And Contingencies [Line Items]
Gaming Expenses	76,465	61,434	$ 232,663	185,575
Participation and Revenue Share Agreements [Member] | Gaming [Member]
Commitments And Contingencies [Line Items]
Gaming Expenses	35,500	35,400	110,100	107,000
Participation and Revenue Share Agreements [Member] | Related Party Transaction, Revenue Share and Participation Agreement [Member] | Gaming [Member]
Commitments And Contingencies [Line Items]
Gaming Expenses	200	300	700	800
Revenue Share Agreements [Member]
Commitments And Contingencies [Line Items]
Other Operating Expenses	$ 300	$ 200	$ 1,100	$ 1,000

Segment Information (Details Te

Segment Information (Details Textual)	9 Months Ended
	Sep. 30, 2018SegmentProperty
Segment Reporting [Abstract]
Number of reportable operating segments | Segment	2
Number of properties | Property	8

Schedule of Segment Reporting I

Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Revenues
Total revenues	$ 210,337	$ 107,660	$ 641,669	$ 323,428
Net income (loss)	(3,124)	8,555	4,400	15,610
Depreciation and amortization	23,330	7,539	71,421	21,499
Acquisition expenses	1,123	2,975	2,429	5,041
Loss on disposal of property and equipment	774	308	1,069	308
Gain on contingent consideration		(1,719)		(1,719)
Share-based compensation	2,783	1,603	7,385	5,352
Preopening expenses	21	282	858	1,128
Class action litigation expenses	(219)	1,530	554	1,585
Executive severance	120		678
Sign-on bonuses		166		166
Other, net	50		440
Interest expense, net	16,291	1,885	47,100	5,568
Change in fair value of derivative	(1,222)		(5,895)
Income tax benefit	(2,222)	(8,051)	(106)	(10,893)
Adjusted EBITDA	38,143	15,073	130,333	43,645
Assets	1,390,260		1,390,260		$ 1,365,175
Operating Segments [Member] | Casinos [Member]
Revenues
Total revenues	128,837	27,421	390,250	77,890
Net income (loss)	19,113	6,686	67,190	16,365
Depreciation and amortization	17,667	2,202	54,714	5,798
Loss on disposal of property and equipment	770	35	1,050	35
Share-based compensation	37		37
Class action litigation expenses			16
Executive severance	54		273
Other, net			144
Interest expense, net	25	5	74	(34)
Adjusted EBITDA	37,666	8,928	123,498	22,164
Assets	1,012,607		1,012,607		1,039,025
Operating Segments [Member] | Distributed Gaming [Member]
Revenues
Total revenues	81,188	80,147	250,746	245,271
Net income (loss)	5,014	7,517	20,014	23,596
Depreciation and amortization	5,292	4,937	15,419	14,513
Loss on disposal of property and equipment	4	272	19	272
Gain on contingent consideration		(1,719)		(1,719)
Share-based compensation	3		3
Preopening expenses	73	121	309	730
Class action litigation expenses			195
Executive severance	1		38
Other, net			167
Interest expense, net	21	41	93	361
Adjusted EBITDA	10,408	11,169	36,257	37,753
Assets	297,151		297,151		298,453
Corporate and Other [Member]
Revenues
Total revenues	312	92	673	267
Net income (loss)	(27,251)	(5,648)	(82,804)	(24,351)
Depreciation and amortization	371	400	1,288	1,188
Acquisition expenses	1,123	2,975	2,429	5,041
Loss on disposal of property and equipment		1		1
Share-based compensation	2,743	1,603	7,345	5,352
Preopening expenses	(52)	161	549	398
Class action litigation expenses	(219)	1,530	343	1,585
Executive severance	65		367
Sign-on bonuses		166		166
Other, net	50		129
Interest expense, net	16,245	1,839	46,933	5,241
Change in fair value of derivative	(1,222)		(5,895)
Income tax benefit	(2,222)	(8,051)	(106)	(10,893)
Adjusted EBITDA	(9,931)	(5,024)	(29,422)	(16,272)
Assets	80,502		80,502		$ 27,697
Gaming [Member]
Revenues
Total revenues	127,764	86,644	394,173	262,079
Gaming [Member] | Operating Segments [Member] | Casinos [Member]
Revenues
Total revenues	60,440	19,958	186,828	57,385
Gaming [Member] | Operating Segments [Member] | Distributed Gaming [Member]
Revenues
Total revenues	67,324	66,686	207,345	204,694
Food and beverage [Member]
Revenues
Total revenues	41,999	15,169	128,024	45,061
Food and beverage [Member] | Operating Segments [Member] | Casinos [Member]
Revenues
Total revenues	29,666	3,674	90,405	10,747
Food and beverage [Member] | Operating Segments [Member] | Distributed Gaming [Member]
Revenues
Total revenues	12,333	11,495	37,619	34,314
Rooms [Member]
Revenues
Total revenues	28,104	2,237	81,737	5,646
Rooms [Member] | Operating Segments [Member] | Casinos [Member]
Revenues
Total revenues	28,104	2,237	81,737	5,646
Other [Member]
Revenues
Total revenues	12,470	3,610	37,735	10,642
Other [Member] | Operating Segments [Member] | Casinos [Member]
Revenues
Total revenues	10,627	1,552	31,280	4,112
Other [Member] | Operating Segments [Member] | Distributed Gaming [Member]
Revenues
Total revenues	1,531	1,966	5,782	6,263
Other [Member] | Corporate and Other [Member]
Revenues
Total revenues	$ 312	$ 92	$ 673	$ 267

Related Party Transactions (Det

Related Party Transactions (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Related Party Transaction [Line Items]
Revenues	$ 210,337,000	$ 107,660,000	$ 641,669,000	$ 323,428,000
Mr. Sartini [Member]
Related Party Transaction [Line Items]
Reimbursement expense paid			200,000	100,000
Mr. Sartini [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Reimbursement expense paid	100,000	100,000
Due to related parties					$ 100,000
Executive Vice President and Chief Legal Officer [Member]
Related Party Transaction [Line Items]
Due to related parties					0
Revenues	$ 200,000	$ 300,000	$ 700,000	$ 900,000
Type of Revenue [Extensible List]	us-gaap:CasinoMember	us-gaap:CasinoMember	us-gaap:CasinoMember	us-gaap:CasinoMember
Gaming expenses	$ 200,000	$ 300,000	$ 700,000	$ 800,000
Type of Cost, Good or Service [Extensible List]	us-gaap:CasinoMember	us-gaap:CasinoMember	us-gaap:CasinoMember	us-gaap:CasinoMember
Lyle A. Berman [Member]
Related Party Transaction [Line Items]
Due to related parties	$ 0		$ 0		0
Consulting agreement expiry date	Jul. 31, 2018
Lyle A. Berman [Member] | Maximum [Member] | Selling General and Administrative Expenses [Member]
Related Party Transaction [Line Items]
Consulting agreement expenses, related party	$ 100,000	$ 100,000	$ 200,000	$ 200,000
Office Headquarters and Tavern Lease [Member] | Mr. Sartini [Member]
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party			33.00%
Office Headquarters and Tavern Lease [Member] | Mr. Sartini's Immediate Family Members [Member]
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party			5.00%
Office Headquarters and Tavern Lease [Member] | Stephen Arcana [Member]
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party			3.00%
Office Headquarters [Member] | Mr. Sartini [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction	300,000	300,000	$ 1,000,000	900,000
Rent expense payable to related party	0		0		100,000
Tavern Leases [Member] | Mr. Sartini [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction	100,000	200,000	400,000	700,000
Rent expense payable to related party	0		0		0
Office Headquarters Lease [Member] | Mr. Sartini [Member]
Related Party Transaction [Line Items]
Rental income for sublet portion		$ 0
Due from related parties	0		0		$ 0
Office Headquarters Lease [Member] | Mr. Sartini [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Rental income for sublet portion	$ 100,000		$ 100,000	$ 100,000

Subsequent Events (Details Text

Subsequent Events (Details Textual) - USD ($)	Nov. 08, 2018	Nov. 07, 2018	Sep. 30, 2018
Revolving Credit Facility [Member] | Senior Secured First Lien Credit Facility [Member]
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 140,000,000
Subsequent Event [Member] | Revolving Credit Facility [Member] | Incremental Joinder Agreement No. 2 [Member]
Subsequent Event [Line Items]
Agreement start date	Nov. 8, 2018
Subsequent Event [Member] | Revolving Credit Facility [Member] | Incremental Joinder Agreement No. 2 [Member] | Senior Secured First Lien Credit Facility [Member]
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 200,000,000	$ 140,000,000
Subsequent Event [Member] | Maximum [Member]
Subsequent Event [Line Items]
Common stock repurchase, authorized		$ 25,000,000