Golden Entertainment (GDEN) 10-Q 8 Nov 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 04, 2019
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Trading Symbol	GDEN
Security Exchange Name	NASDAQ
Entity Registrant Name	GOLDEN ENTERTAINMENT, INC.
Entity Central Index Key	0001071255
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock, $0.01 par value
Entity Common Stock, Shares Outstanding		27,813,192
Entity File Number	000-24993
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Tax Identification Number	41-1913991
Entity Incorporation, State or Country Code	MN
Entity Address, Address Line One	6595 S Jones Boulevard
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89118
City Area Code	702
Local Phone Number	893-7777
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 123,829	$ 116,071
Accounts receivable, net of allowance of $880 and $503, respectively	13,940	12,779
Prepaid expenses	18,994	17,722
Inventories	7,379	6,759
Other	3,212	3,428
Total current assets	167,354	156,759
Property and equipment, net	1,038,692	894,953
Operating lease right-of-use assets, net	148,911
Goodwill	182,870	158,134
Intangible assets, net	141,125	141,128
Other assets	11,767	15,595
Total assets	1,690,719	1,366,569
Current liabilities
Current portion of long-term debt and finance leases	6,176	10,480
Current portion of operating leases	25,822
Accounts payable	28,710	27,812
Accrued taxes, other than income taxes	6,940	6,540
Accrued payroll and related	22,166	19,780
Accrued liabilities	35,475	18,848
Total current liabilities	125,289	83,460
Long-term debt, net and finance leases	1,129,072	960,563
Non-current operating leases	138,104
Deferred income taxes	797	2,593
Other long-term obligations	1,246	4,801
Total liabilities	1,394,508	1,051,417
Commitments and contingencies (Note 10)
Shareholders' equity
Common stock, $.01 par value; authorized 100,000 shares; 27,813 and 26,779 common shares issued and outstanding, respectively	278	268
Additional paid-in capital	460,439	435,245
Accumulated deficit	(164,506)	(120,361)
Total shareholders' equity	296,211	315,152
Total liabilities and shareholders' equity	$ 1,690,719	$ 1,366,569

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Accounts receivable, net of allowance	$ 880	$ 503
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)	27,813,000	26,779,000
Common stock, shares outstanding (in shares)	27,813,000	26,779,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018		Sep. 30, 2019	Sep. 30, 2018
Revenues
Total revenues	$ 243,314	$ 210,337		$ 731,276	$ 641,669
Expenses
Other operating	4,815	3,805		16,409	11,456
Selling, general and administrative	57,106	47,359		170,288	135,180
Depreciation and amortization	29,611	23,330		86,852	71,421
Acquisition and severance expenses	428	1,243		3,095	3,107
Preopening expenses	243	21	[1]	1,759	858	[1]
(Gain) loss on disposal of assets	(233)	774		599	1,069
Total expenses	233,433	200,614		695,659	596,170
Operating income	9,881	9,723		35,617	45,499
Non-operating income (expense)
Interest expense, net	(18,776)	(16,291)		(56,046)	(47,100)
Loss on extinguishment and modification of debt				(9,150)
Change in fair value of derivative	(352)	1,222		(4,089)	5,895
Total non-operating expense, net	(19,128)	(15,069)		(69,285)	(41,205)
Income (loss) before income tax benefit	(9,247)	(5,346)		(33,668)	4,294
Income tax benefit (provision)	(200)	2,222		1,795	106
Net income (loss)	$ (9,447)	$ (3,124)		$ (31,873)	$ 4,400
Weighted-average common shares outstanding
Basic	27,806	27,655		27,714	27,405
Dilutive impact of stock options and restricted stock units					1,787
Diluted	27,806	27,655		27,714	29,192
Net income (loss) per share
Basic	$ (0.34)	$ (0.11)		$ (1.15)	$ 0.16
Diluted	$ (0.34)	$ (0.11)		$ (1.15)	$ 0.15
Gaming [Member]
Revenues
Total revenues	$ 142,568	$ 127,764		$ 432,606	$ 394,173
Expenses
Cost of goods and services sold	83,799	76,465		250,154	232,663
Food and beverage [Member]
Revenues
Total revenues	51,109	41,999		152,971	128,024
Expenses
Cost of goods and services sold	41,020	34,508		119,450	103,451
Rooms [Member]
Revenues
Total revenues	35,347	28,227		102,148	82,014
Expenses
Cost of goods and services sold	16,644	13,109		47,053	36,965
Other [Member]
Revenues
Total revenues	$ 14,290	$ 12,347		$ 43,551	$ 37,458
[1]	Preopening expenses include rent, organizational costs, non-capital costs associated with the opening of tavern and casino locations, and expenses related to The Strat rebranding and the launch of the TrueRewards loyalty program.

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Balances at Dec. 31, 2017	$ 319,913	$ 264	$ 399,510	$ (79,861)
Balances (in shares) at Dec. 31, 2017		26,413,000
Proceeds from issuance of stock on options exercised	1,273	$ 6	1,267
Proceeds from issuance of stock on options exercised (in shares)		564,000
Share-based compensation	7,063		7,063
Issuance of common stock, net of offering costs	25,608	$ 10	25,598
Issuance of common stock, net of offering costs (in shares)		975,000
Tax benefit from share-based compensation	(820)		(820)
Net income (loss)	4,400			4,400
Balances at Sep. 30, 2018	357,437	$ 280	432,618	(75,461)
Balances (in shares) at Sep. 30, 2018		27,952,000
Balances at Jun. 30, 2018	356,787	$ 274	428,850	(72,337)
Balances (in shares) at Jun. 30, 2018		27,430,000
Proceeds from issuance of stock on options exercised	856	$ 6	850
Proceeds from issuance of stock on options exercised (in shares)		522,000
Share-based compensation	2,501		2,501
Tax benefit from share-based compensation	417		417
Net income (loss)	(3,124)			(3,124)
Balances at Sep. 30, 2018	357,437	$ 280	432,618	(75,461)
Balances (in shares) at Sep. 30, 2018		27,952,000
Balances at Dec. 31, 2018	315,152	$ 268	435,245	(120,361)
Balances (in shares) at Dec. 31, 2018		26,779,000
Cumulative effect of change in accounting for leases, net of tax (ASU 842 [Member]) at Dec. 31, 2018	(12,272)			(12,272)
Issuance of common stock related to business combination	16,608	$ 9	16,599
Issuance of common stock related to business combination (In Shares)		911,000
Proceeds from issuance of stock on options exercised	$ 56	$ 1	55
Proceeds from issuance of stock on options exercised (in shares)	90,890	123,000
Share-based compensation	$ 8,840		8,840
Tax benefit from share-based compensation	(300)		(300)
Net income (loss)	(31,873)			(31,873)
Balances at Sep. 30, 2019	296,211	$ 278	460,439	(164,506)
Balances (in shares) at Sep. 30, 2019		27,813,000
Balances at Jun. 30, 2019	303,089	$ 278	457,870	(155,059)
Balances (in shares) at Jun. 30, 2019		27,800,000
Proceeds from issuance of stock on options exercised (in shares)		13,000
Share-based compensation	2,578		2,578
Tax benefit from share-based compensation	(9)		(9)
Net income (loss)	(9,447)			(9,447)
Balances at Sep. 30, 2019	$ 296,211	$ 278	$ 460,439	$ (164,506)
Balances (in shares) at Sep. 30, 2019		27,813,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities
Net income (loss)	$ (31,873)	$ 4,400
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	86,852	71,421
Amortization of debt issuance costs and discounts on debt	3,427	3,799
Share-based compensation	8,840	7,063
Loss on disposal of assets	599	1,069
Loss on extinguishment of debt	9,150
Change in fair value of derivative	4,089	(5,895)
Deferred income taxes	(1,796)	(106)
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	455	(454)
Prepaid expenses	1,358	2,494
Inventories and other current assets	537	266
Accounts payable and other accrued expenses	17,860	(10,312)
Accrued taxes, other than income taxes	(371)	(290)
Other	(1,083)	(434)
Net cash provided by operating activities	98,044	73,021
Cash flows from investing activities
Purchase of property and equipment, net of change in construction payables	(81,202)	(48,939)
Acquisition of business, net of cash acquired	(148,952)
Proceeds from disposal of property and equipment	107
Deposit paid from asset purchase		(800)
Asset purchase	(45)	(300)
Other investing activities	(33)
Net cash used in investing activities	(230,125)	(50,039)
Cash flows from financing activities
Repayments of revolving credit facility	(145,000)
Borrowings under revolving credit facility	145,000
Repayments of term loans	(220,000)	(6,000)
Proceeds from issuance of senior notes	375,000
Repayments of notes payable	(2,200)	(322)
Principal payments under finance leases	(1,267)	(838)
Payments for debt issuance costs	(6,686)	(95)
Debt extinguishment and modification costs	(4,763)
Proceeds from issuance of common stock, net of issuance costs	56	26,881
Tax withholding on share-based payments	(301)	(820)
Net cash provided by financing activities	139,839	18,806
Cash and cash equivalents
Change in cash and cash equivalents	7,758	41,788
Balance, beginning of period	116,071	90,579
Balance, end of period	123,829	132,367
Supplemental cash flow disclosures
Cash paid for interest	38,676	44,648
Cash received for income taxes, net	(193)
Non-cash investing and financing activities
Payables incurred for capital expenditures	9,434	3,680
Assets acquired under finance lease obligations	5,768	$ 237
Loss on extinguishment of debt	4,388
Impairment of right-of-use asset	12,272
Common stock issued in connection with acquisition	$ 16,608

Nature of Business and Basis of

Nature of Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2019
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 gaming in the Company’s branded taverns). The Company conducts its business through two reportable operating segments: Casinos and Distributed Gaming. The Company’s Casinos segment involves the operation of ten resort casino properties in Nevada and Maryland, comprising: The STRAT Hotel, Casino & SkyPod ("The Strat") Las Vegas, Nevada Arizona Charlie's Decatur Las Vegas, Nevada Arizona Charlie's Boulder Las Vegas, Nevada Aquarius Casino Resort ("Aquarius") Laughlin, Nevada Edgewater Hotel & Casino Resort ("Edgewater") Laughlin, Nevada Colorado Belle Hotel & Casino Resort ("Colorado Belle") Laughlin, Nevada Pahrump Nugget Hotel Casino ("Pahrump Nugget") Pahrump, Nevada Gold Town Casino Pahrump, Nevada Lakeside Casino & RV Park Pahrump, Nevada Rocky Gap Casino Resort ("Rocky Gap") Flintstone, Maryland The Company’s Distributed Gaming segment involves the installation, maintenance and operation of slots and amusement devices in non-casino locations such as restaurants, bars, taverns, convenience stores, liquor stores and grocery stores in Nevada and Montana, and the operation of branded taverns targeting local patrons located primarily in the greater Las Vegas, Nevada metropolitan area. 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, 2018 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 amounts in the consolidated financial statements for the previous year period have been reclassified to be consistent with current year presentation. These reclassifications had no effect on previously reported net income. Lessee Arrangements The Company is the lessee under non-cancelable real estate leases, equipment leases and space lease agreements. Beginning on January 1, 2019 (the date of the Company's adoption of Topic 842, as defined and discussed further in “ Accounting Standards Issued and Adopted operating lease right-of-use (“ROU”) assets and liabilities are recognized at commencement date and initially measured based on the present value of lease payments over the defined lease term. The Company’s lease terms may include options to extend or terminate the lease. The Company assesses these options using a threshold of reasonably certain. For leases where the Company is reasonably certain to renew, those option periods are included within the lease term and, therefore, the measurement of the right-of-use asset and lease liability. Lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company’s lease agreements do not contain any material residual value guarantees, restrictions or covenants. The Company’s lease agreements for land, buildings and taverns with lease and non-lease components are accounted for separately. The lease and non-lease components of certain vehicle and equipment leases are accounted for as a single lease component. Additionally, for certain vehicle and equipment leases, a portfolio approach is utilized to effectively account for the operating lease ROU assets and liabilities. As most The Company does not record an asset or liability for operating leases with a term of less than one year. Prior to the adoption of Topic 842 on January 1, 2019, the Company did not record an asset or liability for any of its operating leases Lessor Arrangements The Company is the lessor under non-cancelable operating leases for retail and food and beverage outlet space within its resort casino properties. The lease arrangements generally include minimum base rent and/or contingent rental clauses based on a percentage of net sales exceeding minimum base rent. Generally, the terms of the leases range between five and 10 years, with options to extend the leases. The Company records revenue on a straight-line basis over the term of the lease, and recognizes revenue for contingent rentals when the contingency has been resolved. The Company has elected to combine lease and non-lease components for the purpose of measuring lease revenue. Revenue is recorded in other operating revenue on the consolidated statements of operations. 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 losses for the three months ended September 30, 2019 and 2018 and nine months ended September 30, 2019, 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 both periods. The amount of potential common share equivalents were 730,282 and 1,870,290 for three months ended September 30, 2019 and 2018, respectively. The amount of potential common share equivalents were 842,142 for nine months ended September 30, 2019. Accounting Standards Issued and Adopted The Company adopted Accounting Standards Update (“ASU”) No. 2016-02, Leases The Company elected the package of practical expedients permitted under the transition guidance within the new standard, which allows the carry forward of the Company’s Leases – Topic 840 The standard did not materially impact the Company’s consolidated net earnings and had no impact on cash flows. The effect of adopting Topic 842 on the January 1, 2019 consolidated balance sheet is as follows: (In thousands) Prior to Adoption Effect of Adoption (1) Post Adoption Prepaid expenses $ 17,722 $ (194 ) $ 17,528 Property and equipment, net 894,953 2,503 897,456 Operating lease right-of-use assets, net — 140,715 140,715 Intangible assets, net 141,128 (2,503 ) 138,625 Operating lease liability — 155,878 155,878 Other long-term obligations 4,801 (3,085 ) 1,716 Accumulated deficit (120,361 ) (12,272 ) (132,633 ) (1) Prepaid expenses, favorable lease intangible and deferred lease expense included in other long-term obligations were reclassed to the related right-of-use asset upon adoption of Topic 842 and represents a non-cash investing activity. In June 2018, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2018-07, Compensation – Stock Compensation Accounting Standards Issued but Not Yet Adopted See Note 2, Summary of Significant Accounting Policies

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Acquisitions	Note 2 – Acquisitions Laughlin Acquisition Overview On January 14, 2019, the Company completed the acquisition of Edgewater Gaming, LLC and Colorado Belle Gaming, LLC (the “Acquired Entities”) from Marnell Gaming, LLC (“Marnell”) for $156.2 million in cash (after giving effect to the post-closing adjustment provisions in the purchase agreement) and the issuance of 911,002 shares of the Company’s common stock to certain assignees of Marnell (the “Acquisition”). The results of operations of the Acquired Entities are included in the Company’s results subsequent to the acquisition date. In connection with the Acquisition, the Company borrowed $145.0 million under its revolving credit facility. Purchase Price The Acquisition has been accounted for using the acquisition method of accounting in accordance with Accounting Standards Codification 805, Business Combinations The following is a summary of the components of the purchase price paid by the Company to Marnell in the Acquisition (after taking into account the adjustment to the cash portion of the purchase price pursuant to the post-closing adjustment provisions of the purchase agreement, as described above): (In thousands) Amount Cash $ 156,152 Fair value of common stock issued (911,002 shares) 16,608 Total purchase price $ 172,760 Purchase Price Allocation Under ASC 805, the purchase price of the acquisition is allocated to the identified tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the acquisition date which are determined in accordance with the applicable accounting guidance for business combinations and with the services of third-party valuation consultants. The excess of the purchase price over the fair values is recorded as goodwill which is expected to be deductible for tax purposes. During the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed with a corresponding offset to goodwill. Balances subject to adjustment primarily include current assets, property and equipment, intangible assets, liabilities, as well as tax-related matters, including tax basis of acquired assets and liabilities. The following table summarizes the preliminary allocation of the purchase price: (In thousands) Current assets $ 12,615 Property and equipment 126,198 Right-of-use assets 2,620 Intangible assets 19,234 Goodwill 24,736 Liabilities (10,023 ) Lease liabilities (2,620 ) Total assets acquired, net of liabilities assumed $ 172,760 The following table summarizes the preliminary amounts assigned to property and equipment and estimated useful life by category: (In thousands) Useful Land Not applicable $ 4,160 Building and site improvements 10-30 102,450 Furniture and equipment 2-13 18,185 Construction in process Not applicable 1,403 Total property and equipment $ 126,198 The following table summarizes the preliminary values assigned to acquired intangible assets and estimated useful lives by category: (In thousands) Useful Life (Years) Non-compete agreements 5 $ 3,630 Trade names Indefinite 6,980 Player loyalty program 2 8,600 Other 4 24 Total intangible assets $ 19,234 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 Acquisition had occurred on January 1, 2018, 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 Acquisition. The unaudited pro forma combined financial information does not reflect non-recurring charges that were incurred in connection with the Acquisition, nor any cost savings and synergies expected to result from the Acquisition (and associated costs to achieve such savings or synergies), nor any costs associated with severance, restructuring or integration activities resulting from the 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 the Acquired Entities for the three and nine months ended September 30, 2018, adjusted to give effect to the Acquisition, related transactions, and the adoption of ASC 606 for the Acquired Entities. Three Months Ended Nine Months Ended (In thousands, except per share data) September 30, 2018 September 30, 2018 Pro forma combined revenues $ 233,102 $ 713,807 Pro forma combined net income (loss) (1,453 ) 6,066 Weighted-average common shares outstanding: Basic 28,566 28,316 Diluted 28,566 30,103 Pro forma combined net income (loss) per share: Basic $ (0.05 ) $ 0.21 Diluted (0.05 ) 0.20 In connection with the Acquisition, the Company incurred approximately $0.3 million and $1.6 million of acquisition costs during the three and nine months ended September 30, 2019, respectively. For the three and nine months ended September 30, 2019, the Acquired Entities contributed revenue of approximately $23.7 million and $70.4 million, respectively. For the three and nine months ended September 30, 2019, operating expenses related to the Acquired Entities were approximately $12.0 million and $37.0 million, respectively.

Property and Equipment, Net

Property and Equipment, Net	9 Months Ended
	Sep. 30, 2019
Property Plant And Equipment [Abstract]
Property and Equipment, Net	Note 3 – Property and Equipment, Net Property and equipment, net, consisted of the following: (In thousands) September 30, 2019 December 31, 2018 Land $ 125,240 $ 121,081 Building and site improvements 863,827 723,354 Furniture and equipment 203,062 154,663 Construction in process 54,876 35,151 Property and equipment 1,247,005 1,034,249 Less: Accumulated depreciation (208,313 ) (139,296 ) Property and equipment, net $ 1,038,692 $ 894,953 Depreciation expense for property and equipment, including finance leases, was $23.9 million and $18.8 million for the three months ended September 30, 2019 and 2018, respectively, and $69.8 million and $58.2 million for the nine months ended September 30, 2019 and 2018, respectively.

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 30, 2019
Payables And Accruals [Abstract]
Accrued Liabilities	Note 4 – Accrued Liabilities Accrued liabilities consisted of the following: (In thousands) September 30, 2019 December 31, 2018 Gaming liabilities $ 13,954 $ 12,473 Interest 13,792 305 Deposits 3,285 2,652 Other accrued liabilities 4,444 3,418 Total accrued and other current liabilities $ 35,475 $ 18,848

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Note 5 – Long-Term Debt Long-term debt, net, consisted of the following: (In thousands) September 30, 2019 December 31, 2018 Term loan $ 772,000 $ 992,000 Senior notes due 2026 375,000 — Finance lease liabilities 11,569 7,127 Notes payable 4,748 1,111 Total long-term debt 1,163,317 1,000,238 Less unamortized discount (19,702 ) (25,658 ) Less unamortized debt issuance costs (8,367 ) (3,537 ) 1,135,248 971,043 Less current maturities (6,176 ) (10,480 ) Long-term debt, net $ 1,129,072 $ 960,563 Senior Secured Credit Facility In October 2017, the Company entered into a senior secured credit facility consisting of a $900 million senior secured first lien credit facility (consisting of an $800 million term loan and a $100 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 “Credit Facility”). The revolving credit facility was subsequently increased from $100 million to $200 million in 2018. As of September 30, 2019, the Company had $772 million in principal amount of outstanding term loan borrowings under its Credit Facility, no letters of credit outstanding under the Credit Facility, and the Company’s revolving credit facility was undrawn, leaving borrowing availability under the revolving credit facility as of September 30, 2019 of $200 million. As of September 30, 2019, the weighted-average effective interest rate on the Company’s outstanding borrowings under the Credit Facility was approximately 5.4%. The revolving credit facility matures on October 20, 2022, and the term loan under the Credit Facility matures on October 20, 2024. The term loan under the Credit Facility is repayable in 27 quarterly installments of $2 million each, which commenced in March 2018, followed by a final installment of $746 million at maturity. The Company was in compliance with its financial covenants under the Credit Facility as of September 30, 2019. Senior Notes due 2026 On April 15, 2019, the Company issued $375 million in principal amount of 7.625% Senior Notes due 2026 (“2026 Notes”) in a private placement to institutional buyers at face value. The 2026 Notes bear interest at 7.625%, payable semi-annually on April 15 th th In conjunction with the issuance of the 2026 Notes, the Company incurred approximately $6.7 million in debt financing costs and fees that have been deferred and are being amortized over the term of the 2026 Notes using the effective interest method. The net proceeds of the 2026 Notes were used to (i) repay the Company’s $200 million second lien term loan (the “Second Lien Term Loan”) The 2026 Notes may be redeemed, in whole or in part, at any time during the 12 months beginning on April 15, 2022 at a redemption price of 103.813%, during the 12 months beginning on April 15, 2023 at a redemption price of 101.906%, and at any time on or after April 15, 2024 at a redemption price of 100%, in each case plus accrued and unpaid interest, if any, thereon to the redemption date. Prior to April 15, 2022, the Company may redeem up to 40% of the 2026 Notes at a redemption price of 107.625% of the principal amount thereof, plus accrued and unpaid interest, if any, thereon to the redemption date, from the net cash proceeds of specified equity offerings. Prior to April 15, 2022, the Company may also redeem the 2026 Notes, in whole or in part, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest and an Applicable Premium (as defined in the indenture governing the 2026 Notes (the “Indenture”)), if any, thereon to the redemption date. Under the Indenture, the Company and its restricted subsidiaries are subject to certain limitations, including limitations on their respective ability to: incur additional debt. grant liens, sell assets, make certain investments, pay dividends and make certain other restricted payments. Expenses Related to Extinguishment and Modification of Debt In April 2019, the Company recognized a $5.5 million loss on extinguishment of debt and $3.7 million of expense related to modification of debt, related to the repayment of the Company’s Second Lien Term Loan and $18 million prepayment of the term loan under its Credit Facility.

Stockholders_ Equity and Stock

Stockholders’ Equity and Stock Incentive Plans	9 Months Ended
	Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stockholders’ Equity and Stock Incentive Plans	Note 6 – Stockholders’ Equity and Stock Incentive Plans Share Repurchase Program On March 12, 2019, the Company’s Board of Directors authorized the repurchase of up to $25.0 million additional shares of common stock, which replaced the prior share repurchase program authorized in November 2018. Share repurchases may be made from time to time in open market transactions, block trades or in private transactions in accordance with applicable securities laws and regulations and other legal requirements, including compliance with the Company’s finance agreements. There is no minimum number of shares that the Company is required to repurchase and the repurchase program may be suspended or discontinued at any time without prior notice. As of September 30, 2019, the Company has not repurchased any shares under the March 12, 2019 authorization. Stock Options The following table summarizes the Company’s stock option activity: Stock Options Weighted- Average Shares Exercise Price Outstanding at January 1, 2019 3,424,755 $ 11.49 Granted — $ — Exercised (90,890 ) $ 9.10 Cancelled (21,875 ) $ 11.41 Outstanding at September 30, 2019 3,311,990 $ 11.56 Exercisable at September 30, 2019 2,793,348 $ 11.32 Share-based compensation expense related to stock options was $0.8 million and $1.1 million for the three months ended September 30, 2019 and 2018, respectively, and $4.2 million and $4.0 million for the nine months ended September 30, 2019 and 2018, respectively. The Company’s unrecognized share-based compensation expense related to stock options was approximately $2.8 million as of September 30, 2019, which is expected to be recognized over a weighted-average period of 1.2 years. Restricted Stock Units The following table summarizes the Company’s activity related to time-based restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”): RSUs PSUs Weighted- Weighted- Average Grant Average Grant Shares Date Fair Value Shares (1) Date Fair Value Outstanding at January 1, 2019 232,299 $ 29.10 171,748 $ 28.41 Granted 561,606 $ 13.94 204,580 $ 14.13 Vested (102,218 ) $ 29.59 — $ — Cancelled (20,899 ) $ 22.69 — $ — Outstanding at September 30, 2019 670,788 $ 16.53 376,328 $ 20.65 __________________ (1) The number of shares for 62,791 of the PSUs listed as outstanding at January 1, 2019 represents the actual number of PSUs granted to each recipient eligible to vest if the Company meets its performance goals for the applicable period. The number of shares for the remainder of the PSUs listed as outstanding at January 1, 2019 and for all of the PSUs granted in 2019 represents the “target” number of PSUs granted to each recipient eligible to vest if the Company meets its “target” performance goals for the applicable period. The actual number of PSUs eligible to vest for those PSUs will vary depending on whether or not the Company meets or exceeds the applicable threshold, target or maximum performance goals for the PSUs, with 200% of the “target” number of PSUs eligible to vest at “maximum” performance levels. Share-based compensation expense related to RSUs was $1.1 million for both the three months ended September 30, 2019 and 2018, and $3.1 million and $2.3 million for the nine months ended September 30, 2019 and 2018, respectively. Share-based compensation expense related to PSUs was $0.7 million and $0.3 million for the three months ended September 30, 2019 and 2018, respectively, and $1.4 million and $0.8 million for the nine months ended September 30, 2019 and 2018, respectively. As of September 30, 2019, there was $7.6 million and $4.1 million of unamortized share-based compensation expense related to RSUs and PSUs, respectively, which is expected to be recognized over a weighted-average period of 2.6 years and 2.2 years for RSUs and PSUs, respectively. As of September 30, 2019, a total of 1,267,201 shares of the Company’s common stock remained available for grants of awards under the Golden Entertainment, Inc. 2015 Incentive Award Plan (the “2015 Plan”), which includes the annual increase in the number of shares available for grant on January 1, 2019 of 1,119,924 shares.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 7 – Income Taxes The Company’s effective tax rate was 4.5% and (2.5)% for the nine months ended September 30, 2019 and 2018, respectively. Income tax benefit of $1.8 million for the nine months ended September 30, 2019 was primarily due to the change in valuation allowance against the Company’s deferred tax assets during the first nine months of 2019. Income tax benefit was $0.1 million for the nine months ended September 30, 2018 was primarily due to excess tax benefits from stock options exercised during the third quarter of 2018. 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. As of September 30, 2019, the Company’s 2017 tax year is under audit by the IRS.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	Note 8 – 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 accounts payable approximate fair value because of the short duration of these financial instruments. The following table summarizes the fair value measurement information about the Company’s long-term debt: September 30, 2019 Carrying Fair Fair Value (In thousands) Amount Value Hierarchy Term loans $ 772,000 $ 775,358 Level 2 Senior notes due 2026 375,000 390,938 Level 2 Finance lease liabilities 11,569 11,569 Level 3 Notes payable 4,748 4,748 Level 3 Total debt $ 1,163,317 $ 1,182,613 December 31, 2018 Carrying Fair Fair Value (In thousands) Amount Value Hierarchy Term loans $ 992,000 $ 952,300 Level 2 Finance lease liabilities 7,127 7,127 Level 3 Notes payable 1,111 1,111 Level 3 Total debt $ 1,000,238 $ 960,538 The estimated fair value of the Company’s term loan debt is based on a relative value analysis performed as of September 30, 2019 and December 31, 2018. The finance lease liabilities and note payable debt are fixed-rate debt, are not traded and do not have observable market inputs, therefore, the fair value is estimated to be equal to the carrying value. As of September 30, 2019, the Company had an interest rate cap agreement that was outstanding with a notional amount of $650 million, which expires on December 31, 2020. Using Level 2 inputs, the Company adjusts the carrying value of the interest rate cap agreement to estimated fair value quarterly based upon observable market-based inputs that reflect the present values of the difference between estimated future fixed rate payments and future variable receipts. The fair value of the Company’s interest rate cap agreement was $5.0 million as of December 31, 2018 and had no value as of September 30, 2019. As the Company elected to not apply hedge accounting, the change in fair value of its interest rate cap agreement was recorded in the consolidated statement of operations.

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	Note 9 – Leases Company as Lessee The Company has operating and finance leases for offices, taverns, land, vehicles, slot machines, and equipment. In addition, slot placement contracts in the form of space lease agreements at chain stores are accounted for as operating leases. Under chain store space lease agreements, the Company pays fixed monthly rental fees for the right to install, maintain and operate its slots at business locations, which are recorded in gaming expenses. The Company leases slot machines from gaming equipment manufacturers under short-term agreements. Most of the slot machine leases have variable rent structures, with amounts determined based on the performance of those machines. Certain others are short-term in nature, with fixed payment amounts. The Company has 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. The Company leases approximately 20 acres of land in Laughlin, Nevada for the Laughlin Event Center and four parcels of land in Pahrump, Nevada on which the Gold Town Casino is located. The Company leases approximately 4.5 acres of undeveloped land in Carson City. Upon the adoption of Topic 842, the Company wrote off the associated ROU asset for this land lease of $9 million to its beginning balance of retained earnings as of January 1, 2019. The Company is also lessee for nine taverns and locations subject to space lease agreements that it does not plan to develop, operate, or sub-lease. The Company wrote off the associated ROU asset for these ten leases of $3 million to its beginning balance of retained earnings as of January 1, 2019. The Company leases its office headquarters building from a related party. See Note 12, Related Party Transactions, The current and long-term obligations under finance leases are included in “current portion of long-term debt, net and finance leases” and “long-term debt, net and finance leases”, respectively. The majority of the finance leases relate to vehicles used within the Company’s Distributed Gaming business and equipment for the Company’s casinos. The components of lease expense are follows: Three Months Ended Nine Months Ended (In thousands) Classification September 30, 2019 September 30, 2019 Operating lease cost Operating lease cost Operating and SG&A expenses $ 11,397 $ 34,453 Variable lease cost Operating and SG&A expenses 6,411 15,065 Short-term lease cost Operating and SG&A expenses 1,029 3,190 Total operating lease cost $ 18,837 $ 52,708 Finance lease cost Amortization of lease assets Depreciation and amortization $ 493 $ 1,492 Interest on lease liabilities Interest expense, net 78 276 Total finance lease cost $ 571 $ 1,768 Supplemental cash flow information related to leases is as follows: Nine Months Ended (In thousands) September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 35,057 Operating cash flows from finance leases 276 Financing cash flows from finance leases 1,267 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 36,117 Finance leases 5,768 Supplemental balance sheet information related to leases is as follows: (In thousands, except lease term and discount rate) September 30, 2019 Operating leases Operating lease right-of-use assets, gross $ 175,898 Accumulated amortization 26,987 Operating lease right-of-use assets, net $ 148,911 Current portion of operating leases $ 25,822 Noncurrent operating leases 138,104 Total operating lease liabilities $ 163,926 Finance leases Property and equipment, gross $ 18,209 Accumulated depreciation (3,356 ) Property and equipment, net $ 14,853 Current portion of finance leases, net $ 3,201 Noncurrent finance leases, net 8,368 Total finance lease liabilities $ 11,569 Weighted Average Remaining Lease Term Operating leases 10.3 years Finance leases 6.9 years Weighted Average Discount Rate Operating leases 6.3 % Finance leases 6.5 % Maturity of Lease Liabilities Operating Finance (In thousands) Leases Leases Total Remaining 2019 $ 11,373 $ 1,037 $ 12,410 2020 30,776 3,787 34,563 2021 29,441 3,290 32,731 2022 22,906 1,954 24,860 2023 17,469 529 17,998 Thereafter 117,243 4,055 121,298 Total lease payments 229,208 14,652 243,860 Less: interest (65,282 ) (3,083 ) (68,365 ) Present value of lease liabilities $ 163,926 $ 11,569 $ 175,495 As of September Company as Lessor Minimum and contingent operating lease income is as follows: Three Months Ended Nine Months Ended (In thousands) September 30, 2019 September 30, 2019 Minimum rental income $ 1,923 $ 5,721 Contingent rental income 552 1,137 Total rental income $ 2,475 $ 6,858 Future minimum rental payments to be received under operating leases: (In thousands) Operating Leases Remaining 2019 $ 1,113 2020 4,204 2021 3,272 2022 2,433 2023 1,763 Thereafter 2,546 Total future minimum rentals $ 15,331 Disclosures related to periods prior to adoption of Topic 842 For the three months ended September 30, 2018, operating lease rental expense, calculated on a straight-line basis, was $9.6 million, $0.4 million and $3.8 million for space lease agreements, related party leases and other operating leases, respectively. For the nine months ended September 30, 2018, operating lease rental expense, calculated on a straight-line basis, was $29.0 million, $1.2 million, and $11.2 million for space lease agreements, related party leases and other operating leases, respectively. The Company recorded rental revenue of $1.9 million and $5.5 million for the three and nine months ended September 30, 2018, respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10 – Commitments and Contingencies Participation and Revenue Share Agreements In addition to the space lease agreements described above in Note 9, Leases Related Party Transactions The Company also enters into amusement device and ATM placement contracts in the form of participation agreements. Under these 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, 2019 and 2018, the total contingent payments recognized by the Company as other operating expenses for amusement devices and ATMs under such agreements were $0.4 million and $0.3 million, respectively. During the nine months ended September 30, 2019 and 2018, the total contingent payments recognized by the Company as other operating expenses for amusement devices and ATMs under such agreements were both $1.1 million. 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 records reserves. Although lawsuits, claims, investigations and other legal proceedings are inherently uncertain and their results cannot be predicted with certainty, the Company believes that the resolution of its currently pending matters should not have a material adverse effect on its business, financial condition, results of operations or liquidity. Regardless of the outcome, legal proceedings can have an adverse impact on the Company because of defense costs, diversion of management resources and other factors. In addition, it is possible that an unfavorable resolution of one or more such proceedings could in the future materially and adversely affect the Company’s business, financial condition, results of operations or liquidity in a particular period. In 2017, several former employees filed two separate purported class action lawsuits against the Company in the District Court of Clark County, Nevada, on behalf of similarly situated individuals employed by the Company in the State of Nevada. The lawsuits alleged 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 court approved the settlement of one case in February 2019 and the second case in July 2019. In August 2018, prior guests of The Strat 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 alleged that the Tax was charged in violation of the federal Internet Tax Freedom Act, which imposed a national moratorium on the taxation of Internet access by states and their political subdivisions, and sought, 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. All defendants to this matter, including Golden Entertainment, Inc., filed a joint motion to dismiss this matter for lack of merit. The District Court granted this joint motion to dismiss in February 2019. The plaintiffs appealed the District Court decision in April 2019 to the Supreme Court of Nevada. Briefs in this matter were filed with the Federal Appeals Court in October 2019. 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, 2019
Segment Reporting [Abstract]
Segment Information	Note 11 – 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 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 non-casino locations such as restaurants, bars, taverns, convenience stores, liquor stores and grocery stores in Nevada and Montana, and the operation of 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. 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, share-based compensation expenses, executive severance, rebranding, class action litigation expenses, gain/loss on disposal of property and equipment, gain on change in fair value of derivative and other 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 net income (loss) to Adjusted EBITDA: Three Months Ended September 30, 2019 (In thousands) Casinos Distributed Gaming Corporate and Other Consolidated Revenues Gaming $ 69,953 $ 72,615 $ — $ 142,568 Food and beverage 37,836 13,273 — 51,109 Rooms 35,347 — — 35,347 Other 11,977 2,110 203 14,290 Total revenues $ 155,113 $ 87,998 $ 203 $ 243,314 Net income (loss) $ 17,858 $ 5,786 $ (33,091 ) $ (9,447 ) Depreciation and amortization 23,500 5,616 495 29,611 Preopening and related expenses (1) 308 189 59 556 Acquisition and severance expenses 137 — 291 428 Asset disposal and other writedowns (4 ) (223 ) (6 ) (233 ) Share-based compensation — — 2,583 2,583 Other, net 218 — 25 243 Interest expense, net 200 18 18,558 18,776 Change in fair value of derivative — — 352 352 Income tax provision — — 200 200 Adjusted EBITDA $ 42,217 $ 11,386 $ (10,534 ) $ 43,069 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 28,227 — — 28,227 Other 10,504 1,531 312 12,347 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 Preopening expenses (1) — 73 (52 ) 21 Acquisition and severance expenses 54 1 1,188 1,243 Asset disposal and other writedowns 770 4 — 774 Share-based compensation 37 3 2,743 2,783 Other, net — — 269 269 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 Nine Months Ended September 30, 2019 (In thousands) Casinos Distributed Gaming Corporate and Other Consolidated Revenues Gaming $ 213,075 $ 219,531 $ — $ 432,606 Food and beverage 113,327 39,644 — 152,971 Rooms 102,148 — — 102,148 Other 36,653 6,333 565 43,551 Total revenues $ 465,203 $ 265,508 $ 565 $ 731,276 Net income (loss) $ 63,018 $ 20,739 $ (115,630 ) $ (31,873 ) Depreciation and amortization 69,195 16,514 1,143 86,852 Preopening and related expenses (1) 2,662 1,415 208 4,285 Acquisition and severance expenses 524 35 2,536 3,095 Asset disposal and other writedowns 763 (158 ) 384 989 Share-based compensation 11 5 8,885 8,901 Other, net 310 — 1,284 1,594 Interest expense, net 316 57 55,673 56,046 Loss on extinguishment and modification of debt — — 9,150 9,150 Change in fair value of derivative — — 4,089 4,089 Income tax benefit — — (1,795 ) (1,795 ) Adjusted EBITDA $ 136,799 $ 38,607 $ (34,073 ) $ 141,333 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 82,014 — — 82,014 Other 31,003 5,782 673 37,458 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 Preopening expenses (1) — 309 549 858 Acquisition and severance expenses 273 38 2,796 3,107 Asset disposal and other writedowns 1,050 19 — 1,069 Share-based compensation 37 3 7,345 7,385 Other, net 160 362 472 994 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 (1) Preopening expenses include rent, organizational costs, non-capital costs associated with the opening of tavern and casino locations, and expenses related to The Strat rebranding and the launch of the TrueRewards loyalty program. 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, 2019 $ 1,198,490 $ 423,202 $ 69,027 $ 1,690,719 Balance at December 31, 2018 $ 1,006,292 $ 299,697 $ 60,580 $ 1,366,569

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Note 12 – Related Party Transactions As of September 30, 2019, 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, 2019 and 2018, and $1.0 million for each of the nine months ended September 30, 2019 and 2018. There were no amounts owed to the Company, and no amount was due and payable by the Company, under this lease as of September 30, 2019 and December 31, 2018. 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, 2019 and 2018. No amount was owed to the Company under such sublease as of September 30, 2019 and December 31, 2018. Mr. Sartini serves as the Chairman of the Board and Chief Executive Officer of the Company and is co-trustee of The Blake L. Sartini and Delise F. Sartini Family Trust, which is a significant shareholder of the Company. Mr. Arcana serves as the Executive Vice President and Chief Operating Officer of the Company. In November 2018, the Company entered into a lease agreement for office space in a building to be constructed and owned by a company 33% beneficially owned by Mr. Sartini, 5% owned by a trust for the benefit of Mr. Sartini’s immediate family members (including Blake L. Sartini, II) for which Mr. Sartini serves as trustee, and 3% beneficially owned by Mr. Arcana. The lease is intended to commence in 2019 and expires on December 31, 2030. The rent expense for the space is expected to be approximately $0.3 million per year. Additionally, the lease agreement includes a right of first refusal for additional space on the second floor of the building. One tavern location that the Company had previously leased from a related party was sold in the second quarter of 2019 to an unrelated third party. A second tavern location that the Company had previously leased from a related party was sold in 2018 to an unrelated third party. The rent expense for tavern locations leased from related parties was $0.1 million for the three months ended September 30, 2018 and $0.2 million and $0.4 million during the nine months ended 30, 2019 and 2018, respectively. No tavern locations were leased from related parties during the three months ended 30, 2019. There were no amounts owed to the Company, and no amount was due and payable by the Company, under such leases as of December 31, 2018. During the three months ended September 30, 2019 and 2018, the Company paid less than $0.1 million in each period under aircraft time-sharing, co-user and cost-sharing agreements between the Company and Sartini Enterprises, Inc. a company controlled by Mr. Sartini. During the nine months ended September 30, 2019 and 2018, the Company paid $0.5 million and $0.2 million, respectively, under the 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, 2019 and December 31, 2018 During the three months ended September 30, 2019 and 2018, the Company recorded revenues of $0.2 million in each period, and the Company recorded gaming expenses of $0.2 million in each period, 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 Government Affairs. During each of the nine months ended September 30, 2019 and 2018, the Company recorded revenues of $0.8 million and $0.7 million, respectively, and the Company recorded gaming expenses of $0.7 million in each period, related to the use of the Company’s slots at this distributed gaming location. and December 31, 2018 During the three months ended September 30, 2018, the Company recorded expenses During the nine months ended September 30, 2018, the Company recorded $0.2 million of SG&A expenses related to Mr. Berman’s consulting agreement. December 31, 2018 . The consulting agreement expired on July 31, 2018.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 13 – Subsequent Events The Company’s management evaluates subsequent events through the date of issuance of the consolidated financial statements. There have been no 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 ended September 30, 2019.

Nature of Business and Basis _2

Nature of Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2019
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, 2018 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 amounts in the consolidated financial statements for the previous year period have been reclassified to be consistent with current year presentation. These reclassifications had no effect on previously reported net income.
Lessee Arrangements	Lessee Arrangements The Company is the lessee under non-cancelable real estate leases, equipment leases and space lease agreements. Beginning on January 1, 2019 (the date of the Company's adoption of Topic 842, as defined and discussed further in “ Accounting Standards Issued and Adopted operating lease right-of-use (“ROU”) assets and liabilities are recognized at commencement date and initially measured based on the present value of lease payments over the defined lease term. The Company’s lease terms may include options to extend or terminate the lease. The Company assesses these options using a threshold of reasonably certain. For leases where the Company is reasonably certain to renew, those option periods are included within the lease term and, therefore, the measurement of the right-of-use asset and lease liability. Lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company’s lease agreements do not contain any material residual value guarantees, restrictions or covenants. The Company’s lease agreements for land, buildings and taverns with lease and non-lease components are accounted for separately. The lease and non-lease components of certain vehicle and equipment leases are accounted for as a single lease component. Additionally, for certain vehicle and equipment leases, a portfolio approach is utilized to effectively account for the operating lease ROU assets and liabilities. As most The Company does not record an asset or liability for operating leases with a term of less than one year. Prior to the adoption of Topic 842 on January 1, 2019, the Company did not record an asset or liability for any of its operating leases
Lessor Arrangements	Lessor Arrangements The Company is the lessor under non-cancelable operating leases for retail and food and beverage outlet space within its resort casino properties. The lease arrangements generally include minimum base rent and/or contingent rental clauses based on a percentage of net sales exceeding minimum base rent. Generally, the terms of the leases range between five and 10 years, with options to extend the leases. The Company records revenue on a straight-line basis over the term of the lease, and recognizes revenue for contingent rentals when the contingency has been resolved. The Company has elected to combine lease and non-lease components for the purpose of measuring lease revenue. Revenue is recorded in other operating revenue on the consolidated statements of operations.
Net Income Per Share	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 losses for the three months ended September 30, 2019 and 2018 and nine months ended September 30, 2019, 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 both periods. The amount of potential common share equivalents were 730,282 and 1,870,290 for three months ended September 30, 2019 and 2018, respectively. The amount of potential common share equivalents were 842,142 for nine months ended September 30, 2019.
New Accounting Pronouncements	Accounting Standards Issued and Adopted The Company adopted Accounting Standards Update (“ASU”) No. 2016-02, Leases The Company elected the package of practical expedients permitted under the transition guidance within the new standard, which allows the carry forward of the Company’s Leases – Topic 840 The standard did not materially impact the Company’s consolidated net earnings and had no impact on cash flows. The effect of adopting Topic 842 on the January 1, 2019 consolidated balance sheet is as follows: (In thousands) Prior to Adoption Effect of Adoption (1) Post Adoption Prepaid expenses $ 17,722 $ (194 ) $ 17,528 Property and equipment, net 894,953 2,503 897,456 Operating lease right-of-use assets, net — 140,715 140,715 Intangible assets, net 141,128 (2,503 ) 138,625 Operating lease liability — 155,878 155,878 Other long-term obligations 4,801 (3,085 ) 1,716 Accumulated deficit (120,361 ) (12,272 ) (132,633 ) (1) Prepaid expenses, favorable lease intangible and deferred lease expense included in other long-term obligations were reclassed to the related right-of-use asset upon adoption of Topic 842 and represents a non-cash investing activity. In June 2018, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2018-07, Compensation – Stock Compensation Accounting Standards Issued but Not Yet Adopted See Note 2, Summary of Significant Accounting Policies

Nature of Business and Basis _3

Nature of Business and Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2019
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Summary of Effect of Adopting Topic 842 on Consolidated Balance Sheet	The standard did not materially impact the Company’s consolidated net earnings and had no impact on cash flows. The effect of adopting Topic 842 on the January 1, 2019 consolidated balance sheet is as follows: (In thousands) Prior to Adoption Effect of Adoption (1) Post Adoption Prepaid expenses $ 17,722 $ (194 ) $ 17,528 Property and equipment, net 894,953 2,503 897,456 Operating lease right-of-use assets, net — 140,715 140,715 Intangible assets, net 141,128 (2,503 ) 138,625 Operating lease liability — 155,878 155,878 Other long-term obligations 4,801 (3,085 ) 1,716 Accumulated deficit (120,361 ) (12,272 ) (132,633 ) (1) Prepaid expenses, favorable lease intangible and deferred lease expense included in other long-term obligations were reclassed to the related right-of-use asset upon adoption of Topic 842 and represents a non-cash investing activity.

Acquisitions (Tables)

Acquisitions (Tables) - Marnell Gaming,LLC [Member]	9 Months Ended
	Sep. 30, 2019
Summary of Components of Purchase Price Paid to Seller in Acquisition	The following is a summary of the components of the purchase price paid by the Company to Marnell in the Acquisition (after taking into account the adjustment to the cash portion of the purchase price pursuant to the post-closing adjustment provisions of the purchase agreement, as described above): (In thousands) Amount Cash $ 156,152 Fair value of common stock issued (911,002 shares) 16,608 Total purchase price $ 172,760
Schedule of Acquisition Purchase Price Preliminary Allocation	The following table summarizes the preliminary allocation of the purchase price: (In thousands) Current assets $ 12,615 Property and equipment 126,198 Right-of-use assets 2,620 Intangible assets 19,234 Goodwill 24,736 Liabilities (10,023 ) Lease liabilities (2,620 ) Total assets acquired, net of liabilities assumed $ 172,760
Summary of Preliminary Amounts Assigned to Property and Equipment Acquired and Estimated Useful Life by Category	The following table summarizes the preliminary amounts assigned to property and equipment and estimated useful life by category: (In thousands) Useful Land Not applicable $ 4,160 Building and site improvements 10-30 102,450 Furniture and equipment 2-13 18,185 Construction in process Not applicable 1,403 Total property and equipment $ 126,198
Summary of Preliminary Values of Intangible Assets Acquired and Estimated Useful Lives by Category	The following table summarizes the preliminary values assigned to acquired intangible assets and estimated useful lives by category: (In thousands) Useful Life (Years) Non-compete agreements 5 $ 3,630 Trade names Indefinite 6,980 Player loyalty program 2 8,600 Other 4 24 Total intangible assets $ 19,234
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 the Acquired Entities for the three and nine months ended September 30, 2018, adjusted to give effect to the Acquisition, related transactions, and the adoption of ASC 606 for the Acquired Entities. Three Months Ended Nine Months Ended (In thousands, except per share data) September 30, 2018 September 30, 2018 Pro forma combined revenues $ 233,102 $ 713,807 Pro forma combined net income (loss) (1,453 ) 6,066 Weighted-average common shares outstanding: Basic 28,566 28,316 Diluted 28,566 30,103 Pro forma combined net income (loss) per share: Basic $ (0.05 ) $ 0.21 Diluted (0.05 ) 0.20

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2019
Property Plant And Equipment [Abstract]
Components of Property and Equipment, Net	Property and equipment, net, consisted of the following: (In thousands) September 30, 2019 December 31, 2018 Land $ 125,240 $ 121,081 Building and site improvements 863,827 723,354 Furniture and equipment 203,062 154,663 Construction in process 54,876 35,151 Property and equipment 1,247,005 1,034,249 Less: Accumulated depreciation (208,313 ) (139,296 ) Property and equipment, net $ 1,038,692 $ 894,953

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2019
Payables And Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following: (In thousands) September 30, 2019 December 31, 2018 Gaming liabilities $ 13,954 $ 12,473 Interest 13,792 305 Deposits 3,285 2,652 Other accrued liabilities 4,444 3,418 Total accrued and other current liabilities $ 35,475 $ 18,848

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt, net, consisted of the following: (In thousands) September 30, 2019 December 31, 2018 Term loan $ 772,000 $ 992,000 Senior notes due 2026 375,000 — Finance lease liabilities 11,569 7,127 Notes payable 4,748 1,111 Total long-term debt 1,163,317 1,000,238 Less unamortized discount (19,702 ) (25,658 ) Less unamortized debt issuance costs (8,367 ) (3,537 ) 1,135,248 971,043 Less current maturities (6,176 ) (10,480 ) Long-term debt, net $ 1,129,072 $ 960,563

Stockholders_ Equity and Stoc_2

Stockholders’ Equity and Stock Incentive Plans (Tables)	9 Months Ended
	Sep. 30, 2019
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, 2019 3,424,755 $ 11.49 Granted — $ — Exercised (90,890 ) $ 9.10 Cancelled (21,875 ) $ 11.41 Outstanding at September 30, 2019 3,311,990 $ 11.56 Exercisable at September 30, 2019 2,793,348 $ 11.32
Summary of Activity Related To Time-based Restricted Stock Units (RSUs) and Performance-based Restricted Stock Units (PSUs)	The following table summarizes the Company’s activity related to time-based restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”): RSUs PSUs Weighted- Weighted- Average Grant Average Grant Shares Date Fair Value Shares (1) Date Fair Value Outstanding at January 1, 2019 232,299 $ 29.10 171,748 $ 28.41 Granted 561,606 $ 13.94 204,580 $ 14.13 Vested (102,218 ) $ 29.59 — $ — Cancelled (20,899 ) $ 22.69 — $ — Outstanding at September 30, 2019 670,788 $ 16.53 376,328 $ 20.65 __________________ (1) The number of shares for 62,791 of the PSUs listed as outstanding at January 1, 2019 represents the actual number of PSUs granted to each recipient eligible to vest if the Company meets its performance goals for the applicable period. The number of shares for the remainder of the PSUs listed as outstanding at January 1, 2019 and for all of the PSUs granted in 2019 represents the “target” number of PSUs granted to each recipient eligible to vest if the Company meets its “target” performance goals for the applicable period. The actual number of PSUs eligible to vest for those PSUs will vary depending on whether or not the Company meets or exceeds the applicable threshold, target or maximum performance goals for the PSUs, with 200% of the “target” number of PSUs eligible to vest at “maximum” performance levels.

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurement Information about Long-term Debt	The following table summarizes the fair value measurement information about the Company’s long-term debt: September 30, 2019 Carrying Fair Fair Value (In thousands) Amount Value Hierarchy Term loans $ 772,000 $ 775,358 Level 2 Senior notes due 2026 375,000 390,938 Level 2 Finance lease liabilities 11,569 11,569 Level 3 Notes payable 4,748 4,748 Level 3 Total debt $ 1,163,317 $ 1,182,613 December 31, 2018 Carrying Fair Fair Value (In thousands) Amount Value Hierarchy Term loans $ 992,000 $ 952,300 Level 2 Finance lease liabilities 7,127 7,127 Level 3 Notes payable 1,111 1,111 Level 3 Total debt $ 1,000,238 $ 960,538

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Components of Lease Expense	The components of lease expense are follows: Three Months Ended Nine Months Ended (In thousands) Classification September 30, 2019 September 30, 2019 Operating lease cost Operating lease cost Operating and SG&A expenses $ 11,397 $ 34,453 Variable lease cost Operating and SG&A expenses 6,411 15,065 Short-term lease cost Operating and SG&A expenses 1,029 3,190 Total operating lease cost $ 18,837 $ 52,708 Finance lease cost Amortization of lease assets Depreciation and amortization $ 493 $ 1,492 Interest on lease liabilities Interest expense, net 78 276 Total finance lease cost $ 571 $ 1,768
Summary of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases is as follows: Nine Months Ended (In thousands) September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 35,057 Operating cash flows from finance leases 276 Financing cash flows from finance leases 1,267 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 36,117 Finance leases 5,768
Summary of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases is as follows: (In thousands, except lease term and discount rate) September 30, 2019 Operating leases Operating lease right-of-use assets, gross $ 175,898 Accumulated amortization 26,987 Operating lease right-of-use assets, net $ 148,911 Current portion of operating leases $ 25,822 Noncurrent operating leases 138,104 Total operating lease liabilities $ 163,926 Finance leases Property and equipment, gross $ 18,209 Accumulated depreciation (3,356 ) Property and equipment, net $ 14,853 Current portion of finance leases, net $ 3,201 Noncurrent finance leases, net 8,368 Total finance lease liabilities $ 11,569
Summary of Weighted Average Remaining Lease Term and Discount Rate	Weighted Average Remaining Lease Term Operating leases 10.3 years Finance leases 6.9 years Weighted Average Discount Rate Operating leases 6.3 % Finance leases 6.5 %
Summary of Maturity of Lease Liabilities	Maturity of Lease Liabilities Operating Finance (In thousands) Leases Leases Total Remaining 2019 $ 11,373 $ 1,037 $ 12,410 2020 30,776 3,787 34,563 2021 29,441 3,290 32,731 2022 22,906 1,954 24,860 2023 17,469 529 17,998 Thereafter 117,243 4,055 121,298 Total lease payments 229,208 14,652 243,860 Less: interest (65,282 ) (3,083 ) (68,365 ) Present value of lease liabilities $ 163,926 $ 11,569 $ 175,495
Summary of Minimum and Contingent Operating Lease Income	Minimum and contingent operating lease income is as follows: Three Months Ended Nine Months Ended (In thousands) September 30, 2019 September 30, 2019 Minimum rental income $ 1,923 $ 5,721 Contingent rental income 552 1,137 Total rental income $ 2,475 $ 6,858
Summary of Future Minimum Rental Payments to be Received Under Operating Leases	Future minimum rental payments to be received under operating leases: (In thousands) Operating Leases Remaining 2019 $ 1,113 2020 4,204 2021 3,272 2022 2,433 2023 1,763 Thereafter 2,546 Total future minimum rentals $ 15,331

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
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 net income (loss) to Adjusted EBITDA: Three Months Ended September 30, 2019 (In thousands) Casinos Distributed Gaming Corporate and Other Consolidated Revenues Gaming $ 69,953 $ 72,615 $ — $ 142,568 Food and beverage 37,836 13,273 — 51,109 Rooms 35,347 — — 35,347 Other 11,977 2,110 203 14,290 Total revenues $ 155,113 $ 87,998 $ 203 $ 243,314 Net income (loss) $ 17,858 $ 5,786 $ (33,091 ) $ (9,447 ) Depreciation and amortization 23,500 5,616 495 29,611 Preopening and related expenses (1) 308 189 59 556 Acquisition and severance expenses 137 — 291 428 Asset disposal and other writedowns (4 ) (223 ) (6 ) (233 ) Share-based compensation — — 2,583 2,583 Other, net 218 — 25 243 Interest expense, net 200 18 18,558 18,776 Change in fair value of derivative — — 352 352 Income tax provision — — 200 200 Adjusted EBITDA $ 42,217 $ 11,386 $ (10,534 ) $ 43,069 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 28,227 — — 28,227 Other 10,504 1,531 312 12,347 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 Preopening expenses (1) — 73 (52 ) 21 Acquisition and severance expenses 54 1 1,188 1,243 Asset disposal and other writedowns 770 4 — 774 Share-based compensation 37 3 2,743 2,783 Other, net — — 269 269 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 Nine Months Ended September 30, 2019 (In thousands) Casinos Distributed Gaming Corporate and Other Consolidated Revenues Gaming $ 213,075 $ 219,531 $ — $ 432,606 Food and beverage 113,327 39,644 — 152,971 Rooms 102,148 — — 102,148 Other 36,653 6,333 565 43,551 Total revenues $ 465,203 $ 265,508 $ 565 $ 731,276 Net income (loss) $ 63,018 $ 20,739 $ (115,630 ) $ (31,873 ) Depreciation and amortization 69,195 16,514 1,143 86,852 Preopening and related expenses (1) 2,662 1,415 208 4,285 Acquisition and severance expenses 524 35 2,536 3,095 Asset disposal and other writedowns 763 (158 ) 384 989 Share-based compensation 11 5 8,885 8,901 Other, net 310 — 1,284 1,594 Interest expense, net 316 57 55,673 56,046 Loss on extinguishment and modification of debt — — 9,150 9,150 Change in fair value of derivative — — 4,089 4,089 Income tax benefit — — (1,795 ) (1,795 ) Adjusted EBITDA $ 136,799 $ 38,607 $ (34,073 ) $ 141,333 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 82,014 — — 82,014 Other 31,003 5,782 673 37,458 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 Preopening expenses (1) — 309 549 858 Acquisition and severance expenses 273 38 2,796 3,107 Asset disposal and other writedowns 1,050 19 — 1,069 Share-based compensation 37 3 7,345 7,385 Other, net 160 362 472 994 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 (1) Preopening expenses include rent, organizational costs, non-capital costs associated with the opening of tavern and casino locations, and expenses related to The Strat rebranding and the launch of the TrueRewards loyalty program. 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, 2019 $ 1,198,490 $ 423,202 $ 69,027 $ 1,690,719 Balance at December 31, 2018 $ 1,006,292 $ 299,697 $ 60,580 $ 1,366,569

Nature of Business and Basis _4

Nature of Business and Basis of Presentation (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)Propertyshares	Sep. 30, 2018shares	Sep. 30, 2019USD ($)SegmentPropertyshares	Jan. 01, 2019USD ($)
Nature Of Business And Basis Of Presentation [Line Items]
Number of reportable operating segments | Segment			2
Operating lease ROU assets	$ 148,911,000		$ 148,911,000
Operating lease liability	$ 163,926,000		$ 163,926,000
Anti-dilutive potential common share equivalents | shares	730,282	1,870,290	842,142
ASU 842 [Member]
Nature Of Business And Basis Of Presentation [Line Items]
Operating lease ROU assets	$ 0		$ 0	$ 140,715,000
Operating lease liability	$ 0		$ 0	$ 155,878,000
Maximum [Member]
Nature Of Business And Basis Of Presentation [Line Items]
Non-cancelable operating leases term	10 years		10 years
Maximum [Member] | ASU 842 [Member]
Nature Of Business And Basis Of Presentation [Line Items]
Operating leases term	1 year		1 year
Minimum [Member]
Nature Of Business And Basis Of Presentation [Line Items]
Non-cancelable operating leases term	5 years		5 years
Nevada and Maryland [Member]
Nature Of Business And Basis Of Presentation [Line Items]
Number of resort casino properties | Property	10		10

Nature of Business and Basis _5

Nature of Business and Basis of Presentation - Summary of Effect of Adopting Topic 842 on Consolidated Balance Sheet (Details) - USD ($)		Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Prepaid expenses		$ 18,994,000		$ 17,722,000
Property and equipment, net		1,038,692,000		894,953,000
Operating lease right-of-use assets, net		148,911,000
Intangible assets, net		141,125,000		141,128,000
Operating lease liability		163,926,000
Other long-term obligations		1,246,000		4,801,000
Accumulated deficit		(164,506,000)		$ (120,361,000)
Prior to Adoption [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Prepaid expenses			$ 17,722,000
Property and equipment, net			894,953,000
Intangible assets, net			141,128,000
Other long-term obligations			4,801,000
Accumulated deficit			(120,361,000)
ASU 842 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Prepaid expenses			17,528,000
Property and equipment, net			897,456,000
Operating lease right-of-use assets, net		0	140,715,000
Intangible assets, net			138,625,000
Operating lease liability		$ 0	155,878,000
Other long-term obligations			1,716,000
Accumulated deficit			(132,633,000)
ASU 842 [Member] | Effect of Adoption [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Prepaid expenses	[1]		(194,000)
Property and equipment, net	[1]		2,503,000
Operating lease right-of-use assets, net	[1]		140,715,000
Intangible assets, net	[1]		(2,503,000)
Operating lease liability	[1]		155,878,000
Other long-term obligations	[1]		(3,085,000)
Accumulated deficit	[1]		$ (12,272,000)
[1]	Prepaid expenses, favorable lease intangible and deferred lease expense included in other long-term obligations were reclassed to the related right-of-use asset upon adoption of Topic 842 and represents a non-cash investing activity.

Acquisitions (Details Textual)

Acquisitions (Details Textual) - Marnell Gaming,LLC [Member] - USD ($) $ / shares in Units, $ in Thousands	Jan. 14, 2019	Sep. 30, 2019	Sep. 30, 2019
Business Acquisition [Line Items]
Business acquisition, date of acquisition	Jan. 14, 2019
Consideration paid, cash	$ 156,152
Consideration paid, shares issued	911,002
Common stock price per share	$ 18.23
Acquisition Costs		$ 300	$ 1,600
Business acquisition, revenue contributed from acquired entity		23,700	70,400
Operating expenses		$ 12,000	$ 37,000
Maximum [Member]
Business Acquisition [Line Items]
Business acquisition measurement period	1 year
Revolving Credit Facility [Member]
Business Acquisition [Line Items]
Amount drew from revolving credit facility	$ 145,000

Summary of Components of Purcha

Summary of Components of Purchase Price Paid to Seller in Acquisition (Details) - Marnell Gaming,LLC [Member] $ in Thousands	Jan. 14, 2019USD ($)
Business Acquisition [Line Items]
Cash	$ 156,152
Fair value of common stock issued (911,002 shares)	16,608
Total purchase price	$ 172,760

Summary of Components of Purc_2

Summary of Components of Purchase Price Paid to Seller in Acquisition (Parenthetical) (Details)	Jan. 14, 2019shares
Marnell Gaming,LLC [Member]
Business Acquisition [Line Items]
Fair value of common stock issued to assignees of seller, shares	911,002

Schedule of Acquisition Purchas

Schedule of Acquisition Purchase Price Preliminary Allocation (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 14, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Operating lease right-of-use assets, net	$ 148,911
Goodwill	182,870		$ 158,134
Lease liabilities	$ (163,926)
Marnell Gaming,LLC [Member]
Business Acquisition [Line Items]
Current assets		$ 12,615
Property and equipment		126,198
Operating lease right-of-use assets, net		2,620
Intangible assets		19,234
Goodwill		24,736
Liabilities		(10,023)
Lease liabilities		(2,620)
Total assets acquired, net of liabilities assumed		$ 172,760

Summary of Preliminary Amounts

Summary of Preliminary Amounts Assigned to Property and Equipment Acquired and Estimated Useful Life by Category (Details) - Marnell Gaming,LLC [Member] $ in Thousands	Jan. 14, 2019USD ($)
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property and Equipment	$ 126,198
Land [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property and Equipment	4,160
Building and Site Improvements [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property and Equipment	$ 102,450
Building and Site Improvements [Member] | Minimum [Member]
Business Acquisition [Line Items]
Acquired property, plant, and equipment, useful life	10 years
Building and Site Improvements [Member] | Maximum [Member]
Business Acquisition [Line Items]
Acquired property, plant, and equipment, useful life	30 years
Furniture and Equipment [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property and Equipment	$ 18,185
Furniture and Equipment [Member] | Minimum [Member]
Business Acquisition [Line Items]
Acquired property, plant, and equipment, useful life	2 years
Furniture and Equipment [Member] | Maximum [Member]
Business Acquisition [Line Items]
Acquired property, plant, and equipment, useful life	13 years
Construction in process [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property and Equipment	$ 1,403

Summary of Preliminary Values o

Summary of Preliminary Values of Intangible Assets Acquired and Estimated Useful Lives by Category (Details) - Marnell Gaming,LLC [Member] $ in Thousands	Jan. 14, 2019USD ($)
Acquired Finite Lived Intangible Assets [Line Items]
Intangible assets	$ 19,234
Noncompete Agreements [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Intangible Assets, Useful Life (Years)	5 years
Intangible assets	$ 3,630
Player Loyalty Program [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Intangible Assets, Useful Life (Years)	2 years
Intangible assets	$ 8,600
Trade Names [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Intangible assets	$ 6,980
Other [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Intangible Assets, Useful Life (Years)	4 years
Intangible assets	$ 24

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, 2018	Sep. 30, 2018
Business Acquisition [Line Items]
Pro forma combined revenues	$ 233,102	$ 713,807
Pro forma combined net income (loss)	$ (1,453)	$ 6,066
Weighted-average common shares outstanding:
Basic	28,566	28,316
Diluted	28,566	30,103
Pro forma combined net income (loss) per share:
Basic	$ (0.05)	$ 0.21
Diluted	$ (0.05)	$ 0.20

Components of Property and Equi

Components of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Property Plant And Equipment [Abstract]
Land	$ 125,240	$ 121,081
Building and site improvements	863,827	723,354
Furniture and equipment	203,062	154,663
Construction in process	54,876	35,151
Property and equipment	1,247,005	1,034,249
Less: Accumulated depreciation	(208,313)	(139,296)
Property and equipment, net	$ 1,038,692	$ 894,953

Property and Equipment, Net (De

Property and Equipment, Net (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Property Plant And Equipment [Abstract]
Depreciation Expense	$ 23.9	$ 18.8	$ 69.8	$ 58.2

Schedule of Accrued Liabilities

Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Payables And Accruals [Abstract]
Gaming liabilities	$ 13,954	$ 12,473
Interest	13,792	305
Deposits	3,285	2,652
Other accrued liabilities	4,444	3,418
Total accrued and other current liabilities	$ 35,475	$ 18,848

Long-term Debt (Details)

Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
Term loan	$ 772,000	$ 992,000
Senior notes due 2026	375,000
Finance lease liabilities	11,569	7,127
Notes payable	4,748	1,111
Total long-term debt	1,163,317	1,000,238
Less unamortized discount	(19,702)	(25,658)
Less unamortized debt issuance costs	(8,367)	(3,537)
Long-term Debt	1,135,248	971,043
Less current maturities	(6,176)	(10,480)
Long-term debt, net	$ 1,129,072	$ 960,563

Long-term Debt (Parenthetical)

Long-term Debt (Parenthetical) (Details)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Senior notes maturity year	2026

Long-Term Debt (Details Textual

Long-Term Debt (Details Textual)	Apr. 14, 2022	Apr. 15, 2019USD ($)	Apr. 30, 2019USD ($)	Sep. 30, 2019USD ($)Installment	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)	Oct. 31, 2017USD ($)
Debt Instrument [Line Items]
Debt Instrument, Outstanding Amount				$ 1,135,248,000		$ 971,043,000
Debt financing cost and fees				8,367,000		3,537,000
Repayment of debt				220,000,000	$ 6,000,000
Loss on extinguishment of debt				$ (9,150,000)
Senior Secured First Lien Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount							$ 900,000,000
Senior Secured First Lien Credit Facility [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity						$ 200,000,000	100,000,000
Senior Secured First Lien Credit Facility [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount							$ 800,000,000
Credit Facility [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate				5.40%
Repayment of debt		$ 18,000,000	$ 18,000,000
Credit Facility [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Undrawn				$ 200,000,000
Line of Credit Facility, Expiration Date				Oct. 20, 2022
Credit Facility [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Debt Instrument, Outstanding Amount				$ 0
Credit Facility [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Outstanding Amount				$ 772,000,000
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]
Debt Instrument [Line Items]
Repayment of debt		200,000,000
Senior Secured Second Lien Credit Facility [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Loss on extinguishment of debt			(5,500,000)
Debt modification expenses			$ 3,700,000
Senior Unsecured Notes Due 2026 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 375,000,000
Debt instrument interest stated percentage		7.625%
Debt instrument frequency of periodic payment		semi-annually
Debt financing cost and fees		$ 6,700,000
Senior Notes due 2026 [Member]
Debt Instrument [Line Items]
Debt instrument redemption description				The 2026 Notes may be redeemed, in whole or in part, at any time during the 12 months beginning on April 15, 2022 at a redemption price of 103.813%, during the 12 months beginning on April 15, 2023 at a redemption price of 101.906%, and at any time on or after April 15, 2024 at a redemption price of 100%, in each case plus accrued and unpaid interest, if any, thereon to the redemption date.
Senior Notes due 2026 [Member] | Scenario, Forecast [Member]
Debt Instrument [Line Items]
Debt instrument repurchase price percentage	101.00%
Senior Notes due 2026 [Member] | Debt Instrument, Redemption, Period One [Member] | Scenario, Forecast [Member]
Debt Instrument [Line Items]
Debt instrument redemption price percentage	107.625%
Senior Notes due 2026 [Member] | Debt Instrument, Redemption, Period One [Member] | 12 Months Beginning on April 15, 2022 [Member]
Debt Instrument [Line Items]
Debt instrument redemption price percentage	103.813%
Debt instrument redemption period start date	Apr. 15, 2022
Senior Notes due 2026 [Member] | Debt Instrument, Redemption, Period Two [Member] | Scenario, Forecast [Member]
Debt Instrument [Line Items]
Debt instrument redemption price percentage	100.00%
Senior Notes due 2026 [Member] | Debt Instrument, Redemption, Period Two [Member] | 12 Months Beginning on April 15, 2023 [Member]
Debt Instrument [Line Items]
Debt instrument redemption price percentage	101.906%
Debt instrument redemption period start date	Apr. 15, 2023
Senior Notes due 2026 [Member] | Debt Instrument, Redemption, Period Three [Member] | On or After April 15, 2024 [Member]
Debt Instrument [Line Items]
Debt instrument redemption price percentage	100.00%
Debt instrument redemption period start date	Apr. 15, 2024
Senior Notes due 2026 [Member] | Maximum [Member] | Scenario, Forecast [Member]
Debt Instrument [Line Items]
Debt instrument redemption percentage	40.00%

Stockholders' Equity and Stock

Stockholders' Equity and Stock Incentive Plans (Details Textual) - USD ($)	Jan. 01, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Mar. 12, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock repurchase, authorized		$ 0		$ 0
2015 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common Stock Available for Grants of Awards		1,267,201		1,267,201
Number of Shares Available for Grant Annual Increase	1,119,924
Employee Stock Option [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation Expense		$ 800,000	$ 1,100,000	$ 4,200,000	$ 4,000,000
Stock Options, Unrecognized Share-based Compensation Expense		2,800,000		$ 2,800,000
Share-based Compensation Expense Not yet Recognized, Weighted-average Period for Recognition				1 year 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	1,100,000	$ 3,100,000	2,300,000
Share-based Compensation Expense Not yet Recognized, Weighted-average Period for Recognition				2 years 7 months 6 days
Unamortized share-based compensation expense		7,600,000		$ 7,600,000
Performance Stock Units (PSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation Expense		700,000	$ 300,000	$ 1,400,000	$ 800,000
Share-based Compensation Expense Not yet Recognized, Weighted-average Period for Recognition				2 years 2 months 12 days
Unamortized share-based compensation expense		$ 4,100,000		$ 4,100,000
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock repurchase, authorized						$ 25,000,000

Summary of Stock Option Activit

Summary of Stock Option Activity (Details) - $ / shares	9 Months Ended
	Sep. 30, 2019
Stock Options Outstanding
Stock Options Outstanding, Beginning of year	3,424,755
Stock Options Outstanding, Exercised	(90,890)
Stock Options Outstanding, Cancelled	(21,875)
Stock Options Outstanding, End of year	3,311,990
Stock Options Outstanding, Exercisable	2,793,348
Weighted-Average Exercise Price
Weighted-Average Exercise Price, beginning of year	$ 11.49
Weighted Average Exercise Price, Exercised	9.10
Weighted Average Exercise Price, Cancelled	11.41
Weighted-Average Exercise Price, end of year	11.56
Weighted Average Exercise Price, Exercisable	$ 11.32

Summary of Activity Related To

Summary of Activity Related To Time-based Restricted Stock Units (RSUs) and Performance-based Restricted Stock Units (PSUs) (Details) - 2015 Plan [Member]	9 Months Ended
	Sep. 30, 2019$ / sharesshares
RSUs
Restricted Stock Units Outstanding
Restricted Stock Units Outstanding, Beginning of year	232,299
Restricted Stock Units Outstanding, Granted	561,606
Restricted Stock Units Outstanding, Vested	(102,218)
Restricted Stock Units Outstanding, Cancelled	(20,899)
Restricted Stock Units Outstanding, End of year	670,788
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Beginning of year | $ / shares	$ 29.10
Weighted Average Grant Date Fair Value, Granted | $ / shares	13.94
Weighted Average Grant Date Fair Value, Vested | $ / shares	29.59
Weighted Average Grant Date Fair Value, Cancelled | $ / shares	22.69
Weighted Average Grant Date Fair Value, End of year | $ / shares	$ 16.53
Performance Stock Units (PSUs) [Member]
Restricted Stock Units Outstanding
Restricted Stock Units Outstanding, Beginning of year	171,748	[1]
Restricted Stock Units Outstanding, Granted	204,580	[1]
Restricted Stock Units Outstanding, End of year	376,328	[1]
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Beginning of year | $ / shares	$ 28.41
Weighted Average Grant Date Fair Value, Granted | $ / shares	14.13
Weighted Average Grant Date Fair Value, End of year | $ / shares	$ 20.65
Actual number of PSUs granted to each recipient, eligible to vest	62,791
Percentage of target number of PSU's eligible to vest at "maximum" performance level	200.00%
[1]	The number of shares for 62,791 of the PSUs listed as outstanding at January 1, 2019 represents the actual number of PSUs granted to each recipient eligible to vest if the Company meets its performance goals for the applicable period. The number of shares for the remainder of the PSUs listed as outstanding at January 1, 2019 and for all of the PSUs granted in 2019 represents the “target” number of PSUs granted to each recipient eligible to vest if the Company meets its “target” performance goals for the applicable period. The actual number of PSUs eligible to vest for those PSUs will vary depending on whether or not the Company meets or exceeds the applicable threshold, target or maximum performance goals for the PSUs, with 200% of the “target” number of PSUs eligible to vest at “maximum” performance levels.

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Line Items]
Income Tax Expense (Benefit)	$ 200	$ (2,222)	$ (1,795)	$ (106)
Latest Tax Year [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Income Tax Disclosure [Line Items]
Effective Tax Rate, Percent			4.50%	(2.50%)
Income Tax Expense (Benefit)				$ (100)
Income taxes audit, tax years			2017
Latest Tax Year [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Change in Valuation Allowance on Deferred Tax Assets [Member]
Income Tax Disclosure [Line Items]
Income Tax Expense (Benefit)			$ (1,800)

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements - Schedule of Fair Value Measurement Information about Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Term loans	$ 772,000	$ 992,000
Senior notes due 2026	375,000
Finance lease liabilities	11,569	7,127
Notes payable	4,748	1,111
Long-term Debt	1,135,248	971,043
Carrying Amount [Member]
Debt Instrument [Line Items]
Long-term Debt	1,163,317	1,000,238
Carrying Amount [Member] | Level 2 [Member]
Debt Instrument [Line Items]
Term loans	772,000	992,000
Senior notes due 2026	375,000
Carrying Amount [Member] | Level 3 [Member]
Debt Instrument [Line Items]
Finance lease liabilities	11,569	7,127
Notes payable	4,748	1,111
Fair Value [Member]
Debt Instrument [Line Items]
Long-term Debt	1,182,613	960,538
Fair Value [Member] | Level 2 [Member]
Debt Instrument [Line Items]
Term loans	775,358	952,300
Senior notes due 2026	390,938
Fair Value [Member] | Level 3 [Member]
Debt Instrument [Line Items]
Finance lease liabilities	11,569	7,127
Notes payable	$ 4,748	$ 1,111

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measurements (Details Textual) - Interest Rate Swap [Member] - Not Designated as Accounting Hedge [Member] - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative instrument, notional amount	$ 650,000,000
Derivative instrument, expiration date	Dec. 31, 2020
Fair value liability	$ 0	$ 5,000,000

Leases (Details Textual)

Leases (Details Textual) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)aParcelLease	Sep. 30, 2018USD ($)
Lessor Lease Description [Line Items]
ROU asset write off		$ 9
Number of tavern leases | Lease		9
Rental revenue	$ 1.9		$ 5.5
Space Lease Agreements [Member]
Lessor Lease Description [Line Items]
Operating lease rental expense	9.6		29
Related Party Leases [Member]
Lessor Lease Description [Line Items]
Operating lease rental expense	0.4		1.2
Other Operating Leases [Member]
Lessor Lease Description [Line Items]
Operating lease rental expense	$ 3.8		$ 11.2
Carson City [Member]
Lessor Lease Description [Line Items]
Acres of undeveloped land | a		4.5
Gold Town Casino [Member] | Nevada [Member]
Lessor Lease Description [Line Items]
Number of leased parcels of land | Parcel		4
Tavern Leases [Member]
Lessor Lease Description [Line Items]
ROU asset write off		$ 3
Rocky Gap State Park [Member] | Maryland DNR [Member]
Lessor Lease Description [Line Items]
Area of the Property | a		270
Laughlin Event Center [Member] | Nevada [Member]
Lessor Lease Description [Line Items]
Area of the Property | a		20
Minimum [Member]
Lessor Lease Description [Line Items]
Lease remaining term of contract excluding land		1 year
Operating leases renewal term		5 years
Operating leases, termination period		60 days
Maximum [Member]
Lessor Lease Description [Line Items]
Lease remaining term of contract excluding land		28 years
Operating leases renewal term		15 years
Operating leases, termination period		1 year

Components of Lease Expense (De

Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Lease Cost [Abstract]
Operating lease cost	$ 11,397	$ 34,453
Variable lease cost	6,411	15,065
Short-term lease cost	1,029	3,190
Total operating lease cost	18,837	52,708
Amortization of lease assets	493	1,492
Interest on lease liabilities	78	276
Total finance lease cost	$ 571	$ 1,768

Summary of Supplemental Cash Fl

Summary of Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 35,057
Operating cash flows from finance leases	276
Financing cash flows from finance leases	1,267	$ 838
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	36,117
Finance leases	$ 5,768

Summary of Supplemental Balance

Summary of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Operating leases
Operating lease right-of-use assets, gross	$ 175,898
Accumulated amortization	26,987
Operating lease right-of-use assets, net	148,911
Current portion of operating leases	25,822
Non-current operating leases	138,104
Total operating lease liabilities	163,926
Finance leases
Property and equipment, gross	18,209
Accumulated depreciation	(3,356)
Property and equipment, net	14,853
Current portion of finance leases, net	3,201
Noncurrent finance leases, net	8,368
Total finance lease liabilities	$ 11,569	$ 7,127

Summary of Weighted Average Rem

Summary of Weighted Average Remaining Lease Term and Discount Rate (Details)	Sep. 30, 2019
Weighted Average Remaining Lease Term
Operating leases	10 years 3 months 18 days
Finance leases	6 years 10 months 24 days
Weighted Average Discount Rate
Operating leases	6.30%
Finance leases	6.50%

Summary of Maturity of Lease Li

Summary of Maturity of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Operating
Remaining 2019	$ 11,373
2020	30,776
2021	29,441
2022	22,906
2023	17,469
Thereafter	117,243
Total lease payments	229,208
Less: interest	(65,282)
Operating lease liability	163,926
Finance
Remaining 2019	1,037
2020	3,787
2021	3,290
2022	1,954
2023	529
Thereafter	4,055
Total lease payments	14,652
Less: interest	(3,083)
Finance lease liabilities	11,569	$ 7,127
Leases Liablities
Remaining 2019	12,410
2020	34,563
2021	32,731
2022	24,860
2023	17,998
Thereafter	121,298
Total lease payments	243,860
Less: interest	(68,365)
Present value of lease liabilities	$ 175,495

Summary of Minimum and Continge

Summary of Minimum and Contingent Operating Lease Income (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Minimum rental income	$ 1,923	$ 5,721
Contingent rental income	552	1,137
Total rental income	$ 2,475	$ 6,858

Summary of Future Minimum Renta

Summary of Future Minimum Rental Payments to be Received Under Operating Leases (Detail) $ in Thousands	Sep. 30, 2019USD ($)
Operating Leases
Remaining 2019	$ 1,113
2020	4,204
2021	3,272
2022	2,433
2023	1,763
Thereafter	2,546
Total future minimum rentals	$ 15,331

Commitments and Contingencies (

Commitments and Contingencies (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)
Commitments And Contingencies [Line Items]
Other Operating Expenses	$ 4,815	$ 3,805	$ 16,409	$ 11,456
Number of class action lawsuits filed by former employees			2
Gaming [Member]
Commitments And Contingencies [Line Items]
Gaming Expenses	83,799	76,465	$ 250,154	232,663
Participation and Revenue Share Agreements [Member] | Gaming [Member]
Commitments And Contingencies [Line Items]
Gaming Expenses	39,300	35,500	117,300	110,100
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	200	700	700
Revenue Share Agreements [Member]
Commitments And Contingencies [Line Items]
Other Operating Expenses	$ 400	$ 300	$ 1,100	$ 1,100

Segment Information (Details Te

Segment Information (Details Textual)	9 Months Ended
	Sep. 30, 2019Segment
Segment Reporting [Abstract]
Number of reportable operating segments	2

Schedule of Segment Reporting I

Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018		Sep. 30, 2019	Sep. 30, 2018		Dec. 31, 2018
Revenues
Total revenues		$ 243,314	$ 210,337		$ 731,276	$ 641,669
Net income (loss)		(9,447)	(3,124)		(31,873)	4,400
Depreciation and amortization		29,611	23,330		86,852	71,421
Preopening and related expenses	[1]	556			4,285
Preopening expenses		243	21	[1]	1,759	858	[1]
Acquisition and severance expenses		428	1,243		3,095	3,107
Asset disposal and other writedowns		(233)	774		989	1,069
Share-based compensation		2,583	2,783		8,901	7,385
Other, net		243	269		1,594	994
Interest expense, net		18,776	16,291		56,046	47,100
Change in fair value of derivative		352	(1,222)		4,089	(5,895)
Income tax benefit (provision)		200	(2,222)		(1,795)	(106)
Adjusted EBITDA		43,069	38,143		141,333	130,333
Loss on extinguishment and modification of debt					9,150
Assets		1,690,719			1,690,719			$ 1,366,569
Gaming [Member]
Revenues
Total revenues		142,568	127,764		432,606	394,173
Food and beverage [Member]
Revenues
Total revenues		51,109	41,999		152,971	128,024
Rooms [Member]
Revenues
Total revenues		35,347	28,227		102,148	82,014
Other [Member]
Revenues
Total revenues		14,290	12,347		43,551	37,458
Operating Segments [Member] | Casinos [Member]
Revenues
Total revenues		155,113	128,837		465,203	390,250
Net income (loss)		17,858	19,113		63,018	67,190
Depreciation and amortization		23,500	17,667		69,195	54,714
Preopening and related expenses	[1]	308			2,662
Acquisition and severance expenses		137	54		524	273
Asset disposal and other writedowns		(4)	770		763	1,050
Share-based compensation			37		11	37
Other, net		218			310	160
Interest expense, net		200	25		316	74
Adjusted EBITDA		42,217	37,666		136,799	123,498
Assets		1,198,490			1,198,490			1,006,292
Operating Segments [Member] | Casinos [Member] | Gaming [Member]
Revenues
Total revenues		69,953	60,440		213,075	186,828
Operating Segments [Member] | Casinos [Member] | Food and beverage [Member]
Revenues
Total revenues		37,836	29,666		113,327	90,405
Operating Segments [Member] | Casinos [Member] | Rooms [Member]
Revenues
Total revenues		35,347	28,227		102,148	82,014
Operating Segments [Member] | Casinos [Member] | Other [Member]
Revenues
Total revenues		11,977	10,504		36,653	31,003
Operating Segments [Member] | Distributed Gaming [Member]
Revenues
Total revenues		87,998	81,188		265,508	250,746
Net income (loss)		5,786	5,014		20,739	20,014
Depreciation and amortization		5,616	5,292		16,514	15,419
Preopening and related expenses	[1]	189			1,415
Preopening expenses	[1]		73			309
Acquisition and severance expenses			1		35	38
Asset disposal and other writedowns		(223)	4		(158)	19
Share-based compensation			3		5	3
Other, net						362
Interest expense, net		18	21		57	93
Adjusted EBITDA		11,386	10,408		38,607	36,257
Assets		423,202			423,202			299,697
Operating Segments [Member] | Distributed Gaming [Member] | Gaming [Member]
Revenues
Total revenues		72,615	67,324		219,531	207,345
Operating Segments [Member] | Distributed Gaming [Member] | Food and beverage [Member]
Revenues
Total revenues		13,273	12,333		39,644	37,619
Operating Segments [Member] | Distributed Gaming [Member] | Other [Member]
Revenues
Total revenues		2,110	1,531		6,333	5,782
Corporate and Other [Member]
Revenues
Total revenues		203	312		565	673
Net income (loss)		(33,091)	(27,251)		(115,630)	(82,804)
Depreciation and amortization		495	371		1,143	1,288
Preopening and related expenses	[1]	59			208
Preopening expenses	[1]		(52)			549
Acquisition and severance expenses		291	1,188		2,536	2,796
Asset disposal and other writedowns		(6)			384
Share-based compensation		2,583	2,743		8,885	7,345
Other, net		25	269		1,284	472
Interest expense, net		18,558	16,245		55,673	46,933
Change in fair value of derivative		352	(1,222)		4,089	(5,895)
Income tax benefit (provision)		200	(2,222)		(1,795)	(106)
Adjusted EBITDA		(10,534)	(9,931)		(34,073)	(29,422)
Loss on extinguishment and modification of debt					9,150
Assets		69,027			69,027			$ 60,580
Corporate and Other [Member] | Other [Member]
Revenues
Total revenues		$ 203	$ 312		$ 565	$ 673
[1]	Preopening expenses include rent, organizational costs, non-capital costs associated with the opening of tavern and casino locations, and expenses related to The Strat rebranding and the launch of the TrueRewards loyalty program.

Related Party Transactions (Det

Related Party Transactions (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Nov. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Related Party Transaction [Line Items]
Revenues		$ 243,314,000	$ 210,337,000	$ 731,276,000	$ 641,669,000
Mr. Sartini [Member]
Related Party Transaction [Line Items]
Reimbursement expense paid				500,000	200,000
Mr. Sartini [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Due to related parties		100,000		100,000		$ 100,000
Reimbursement expense paid		100,000	100,000
Executive Vice President [Member]
Related Party Transaction [Line Items]
Revenues		$ 200,000	$ 200,000	$ 800,000	$ 700,000
Type of Revenue [Extensible List]		us-gaap:CasinoMember	us-gaap:CasinoMember	us-gaap:CasinoMember	us-gaap:CasinoMember
Gaming Expenses		$ 200,000	$ 200,000	$ 700,000	$ 700,000
Type of Cost, Good or Service [Extensible List]		us-gaap:CasinoMember	us-gaap:CasinoMember	us-gaap:CasinoMember	us-gaap:CasinoMember
Mr.Berman's [Member]
Related Party Transaction [Line Items]
Due to related parties						0
Consulting agreement expiry date				Jul. 31, 2018
Due from related parties						0
Mr.Berman's [Member] | SG&A Expenses [Member]
Related Party Transaction [Line Items]
Consulting agreement expenses, related party					$ 200,000
Mr.Berman's [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Consulting agreement expenses, related party			$ 100,000
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]
Related Party Transaction [Line Items]
Related party transaction, due from (to) related party		$ 0		$ 0		0
Office Headquarters [Member] | Mr. Sartini [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction		300,000	300,000	1,000,000	1,000,000
Due to related parties		0		0		0
Related party transaction, due from (to) related party		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	100,000
Office Space Lease [Member]
Related Party Transaction [Line Items]
Lease expiration date				Dec. 31, 2030
Office Space Lease [Member] | Mr. Sartini [Member]
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party	33.00%
Related party transaction, amounts of transaction	$ 300,000
Office Space Lease [Member] | Mr. Sartini's Immediate Family Members [Member]
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party	5.00%
Office Space Lease [Member] | Mr. Arcana [Member]
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party	3.00%
Tavern Leases [Member] | Mr. Sartini [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction			$ 100,000	$ 200,000	$ 400,000
Due to related parties						0
Related party transaction, due from (to) related party						$ 0