Full House Resorts (FLL) 10-Q 8 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 05, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	FULL HOUSE RESORTS INC
Entity Central Index Key	0000891482
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		26,980,360
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Document Fiscal Year End	2019
Document Fiscal Period Focus	Q2
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Current Reporting Status	Yes
Entity Shell Company	false

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues
Net revenues	$ 41,663	$ 41,227	$ 82,157	$ 79,158
Operating costs and expenses
Selling, general and administrative	13,027	12,462	25,687	24,424
Project development and acquisition costs	142	130	275	167
Depreciation and amortization	2,083	2,038	4,174	4,206
(Gain) loss on sale or disposal of assets, net	(4)	69	(5)	79
Total operating costs and expenses	39,740	39,224	78,966	76,612
Operating income	1,923	2,003	3,191	2,546
Other (expense) income
Interest expense, net of $83 and $171 capitalized for the three-months ended June 30, 2019 and 2018, and $130 and $216 capitalized for the six-months ended June 30, 2019 and 2018	(2,931)	(2,466)	(5,634)	(5,006)
Loss on extinguishment of debt	0	0	0	(2,673)
Adjustment to fair value of warrants	141	(80)	101	423
Total other (expense) income	(2,790)	(2,546)	(5,533)	(7,256)
Loss before income taxes	(867)	(543)	(2,342)	(4,710)
Provision for income taxes	143	118	285	237
Net loss	$ (1,010)	$ (661)	$ (2,627)	$ (4,947)
Basic loss per share (in dollars per share)	$ (0.04)	$ (0.02)	$ (0.10)	$ (0.20)
Diluted loss per share (in dollars per share)	$ (0.04)	$ (0.02)	$ (0.10)	$ (0.21)
Casino
Revenues
Net revenues	$ 28,450	$ 28,632	$ 56,748	$ 55,602
Operating costs and expenses
Costs and expenses	11,592	11,282	23,377	22,366
Food and beverage
Revenues
Net revenues	8,863	8,783	17,521	16,722
Operating costs and expenses
Costs and expenses	9,449	9,757	18,818	18,883
Hotel
Revenues
Net revenues	3,051	2,582	5,766	4,865
Operating costs and expenses
Costs and expenses	2,379	2,652	4,799	5,139
Other operations
Revenues
Net revenues	1,299	1,230	2,122	1,969
Operating costs and expenses
Costs and expenses	$ 1,072	$ 834	$ 1,841	$ 1,348

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Interest costs capitalized	$ 83	$ 171	$ 130	$ 216

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jun. 30, 2019	Dec. 31, 2018
Current assets
Cash and equivalents		$ 23,908	$ 20,634
Accounts receivable, net of allowance of $140 and $98		2,076	2,035
Inventories		1,917	1,425
Prepaid expenses and other		4,505	2,899
Total current assets		32,406	26,993
Other long-term assets
Property and equipment, net		120,845	122,076
Operating lease right-of-use assets. net	[1]	18,769
Goodwill		21,286	21,286
Other intangible assets, net		11,102	11,145
Deposits and other		691	772
Total Assets		205,099	182,272
Current liabilities
Accounts payable		4,549	5,917
Accrued payroll and related		4,157	3,668
Other accrued expenses and current operating lease obligations	[1]	10,357	9,704
Current portion of finance lease obligation		493
Current portion of finance lease obligation			497
Current portion of long-term debt		1,100	1,000
Common stock warrant liability		725	825
Total current liabilities		21,381	21,611
Operating lease obligations, net of current portion, and other	[1]	16,794	166
Finance lease obligation, net of current portion		4,065
Finance lease obligation, net of current portion			4,324
Long-term debt, net		102,986	94,194
Deferred income taxes, net		2,517	2,232
Total liabilities		147,743	122,527
Commitments and contingencies (Notes 3, 5, 6 and 8)
Stockholders’ equity
Common stock, $0.0001 par value, 100,000,000 shares authorized; 28,336,955 and 28,288,764 shares issued and 26,980,360 and 26,932,169 shares outstanding		3	3
Additional paid-in capital		64,173	63,935
Treasury stock, 1,356,595 common shares		(1,654)	(1,654)
Accumulated deficit		(5,166)	(2,539)
Total stockholders' equity		57,356	59,745
Total liabilities and stockholders' equity		$ 205,099	$ 182,272
[1]	On January 1, 2019, the Company adopted Accounting Standards Codification 842 (“ASC 842”), using the modified retrospective transition method under the effective date approach, which impacts the comparability of these line items.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 140	$ 98
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	28,336,955	28,288,764
Common stock, shares outstanding (in shares)	26,980,360	26,932,169
Treasury stock, common shares (in shares)	1,356,595	1,356,595

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings (Accumulated Deficit)
Balance (in shares) at Dec. 31, 2017		24,294		1,357
Balance at Dec. 31, 2017	$ 52,048	$ 2	$ 51,868	$ (1,654)	$ 1,832
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Issued During Period, Shares, Bonus Grants		34
Stock grants	104		104
Equity offering, net (in shares)		3,943
Equity offering, net	11,426	$ 1	11,425
Stock-based compensation	128		128
Net loss	(4,286)				(4,286)
Balance (in shares) at Mar. 31, 2018		28,271		1,357
Balance at Mar. 31, 2018	59,420	$ 3	63,525	$ (1,654)	(2,454)
Balance (in shares) at Dec. 31, 2017		24,294		1,357
Balance at Dec. 31, 2017	52,048	$ 2	51,868	$ (1,654)	1,832
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(4,947)
Balance (in shares) at Jun. 30, 2018		28,289		1,357
Balance at Jun. 30, 2018	58,944	$ 3	63,710	$ (1,654)	(3,115)
Balance (in shares) at Mar. 31, 2018		28,271		1,357
Balance at Mar. 31, 2018	59,420	$ 3	63,525	$ (1,654)	(2,454)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity offering, net	10		10
Stock-based compensation(in shares)		18
Stock-based compensation	175		175
Net loss	(661)				(661)
Balance (in shares) at Jun. 30, 2018		28,289		1,357
Balance at Jun. 30, 2018	58,944	$ 3	63,710	$ (1,654)	(3,115)
Balance (in shares) at Dec. 31, 2018		28,289		1,357
Balance at Dec. 31, 2018	59,745	$ 3	63,935	$ (1,654)	(2,539)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)		26
Exercise of stock options	45		45
Stock-based compensation	86		86
Net loss	(1,617)				(1,617)
Balance (in shares) at Mar. 31, 2019		28,315		1,357
Balance at Mar. 31, 2019	58,259	$ 3	64,066	$ (1,654)	(4,156)
Balance (in shares) at Dec. 31, 2018		28,289		1,357
Balance at Dec. 31, 2018	59,745	$ 3	63,935	$ (1,654)	(2,539)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(2,627)
Balance (in shares) at Jun. 30, 2019		28,337		1,357
Balance at Jun. 30, 2019	57,356	$ 3	64,173	$ (1,654)	(5,166)
Balance (in shares) at Mar. 31, 2019		28,315		1,357
Balance at Mar. 31, 2019	58,259	$ 3	64,066	$ (1,654)	(4,156)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Issued During Period, Shares, Bonus Grants		22
Stock grants	48		48
Stock-based compensation	59		59
Net loss	(1,010)				(1,010)
Balance (in shares) at Jun. 30, 2019		28,337		1,357
Balance at Jun. 30, 2019	$ 57,356	$ 3	$ 64,173	$ (1,654)	$ (5,166)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net loss	$ (2,627)	$ (4,947)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	4,174	4,206
Amortization of debt issuance and warrant costs	598	398
Stock-based compensation	193	407
Change in fair value of stock warrants	(101)	(423)
Change in fair value of interest rate cap	82	1
Loss on extinguishment of debt	0	2,673
(Gain) loss on sale or disposal of assets	(5)	79
Increases and decreases in operating assets and liabilities:
Accounts receivable	(41)	230
Prepaid expenses, inventories and other	(2,098)	(1,652)
Deferred taxes	285	237
Accounts payable and accrued expenses	(2,205)	(538)
Net cash (used in) provided by operating activities	(1,745)	671
Cash flows from investing activities:
Purchase of property and equipment	(3,056)	(6,744)
Other	(1)	(234)
Net cash used in investing activities	(3,057)	(6,978)
Cash flows from financing activities:
Repayment of First and Second Lien Term Loans	0	(96,063)
Prepayment premium of Second Lien Term Loan	0	(1,100)
Proceeds from Senior Secured Notes borrowings	10,000	100,000
Payment of debt discount and issuance costs	(1,181)	(4,044)
Payment of Interest Rate Cap premium	0	(238)
Repayment of Senior Secured Notes	(525)	(500)
Repayment of finance lease obligation	(263)
Repayment of finance lease obligation		(226)
Proceeds from equity offering	0	11,435
Proceeds from exercise of stock options	45	0
Other	0	(141)
Net cash provided by financing activities	8,076	9,123
Net increase in cash and equivalents	3,274	2,816
Cash and equivalents, beginning of period	20,634	19,910
Cash and equivalents, end of period	23,908	22,726
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest, net of amounts capitalized	4,797	4,717
NON-CASH INVESTING ACTIVITIES:
Accounts payable related capital expenditures	$ 502	$ 2,073

ORGANIZATION

ORGANIZATION	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Organization. Formed as a Delaware corporation in 1987, Full House Resorts, Inc. owns, leases, operates, develops, manages, and/or invests in casinos and related hospitality and entertainment facilities. References in this document to “Full House,” the “Company,” “we,” “our,” or “us” refer to Full House Resorts, Inc. and its subsidiaries, except where stated or the context otherwise indicates. The Company currently operates five casinos; four are part of real estate that it owns or leases, and one is located within a hotel owned by a third party. The following table identifies the properties along with their respective dates of acquisition and locations: Property Acquisition Location Silver Slipper Casino and Hotel 2012 Hancock County, MS Bronco Billy’s Casino and Hotel 2016 Cripple Creek, CO Rising Star Casino Resort 2011 Rising Sun, IN Stockman’s Casino 2007 Fallon, NV Grand Lodge Casino (leased and part of the Hyatt Regency Lake Tahoe Resort, Spa and Casino) 2011 Incline Village, NV The Company manages its casinos based on geographic regions within the United States. See Note 11 for further information.

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation. As permitted by the rules and regulations of the Securities and Exchange Commission (“SEC”), certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) have been condensed or omitted. These consolidated financial statements should be read in conjunction with the Company’s 2018 annual consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . The interim consolidated financial statements of the Company included herein reflect all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary to present fairly the financial position and results of operations for the interim periods presented. The results of operations for the interim periods are not necessarily indicative of annualized results for an entire year. The consolidated financial statements include the accounts of Full House and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Fair Value and the Fair Value Input Hierarchy. Fair value measurements affect the Company’s accounting for net assets acquired in acquisition transactions and certain financial assets and liabilities, such as its interest rate cap (“Interest Rate Cap”) agreement and common stock warrant liability. Fair value measurements are also used in the Company’s periodic assessments of long-lived tangible and intangible assets for possible impairment, including for property and equipment, goodwill, and other intangible assets. Fair value is defined as the expected price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP categorizes the inputs used for fair value into a three-level hierarchy: • Level 1: Observable inputs, such as quoted prices in active markets for identical assets or liabilities; • Level 2: Comparable inputs other than quoted prices that are observable for similar assets or liabilities in less active markets; and • Level 3: Unobservable inputs which may include metrics that market participants would use to estimate values, such as revenue and earnings multiples and relative rates of return. The Company utilizes Level 2 inputs when measuring the fair value of its Interest Rate Cap. In order to estimate the fair value of this derivative instrument, the Company obtains valuation reports from the third-party broker that issued the Interest Rate Cap. The report contemplates fair value by using inputs including market-observable data such as interest rate curves, volatilities, and information derived from or corroborated by that market-observable data (see Note 5 ). The Company utilizes Level 3 inputs when measuring the fair value of net assets acquired in business combination transactions, subsequent assessments for impairment, and most financial instruments, including but not limited to the estimated fair value of common stock warrants at issuance and for recurring changes in the related warrant liability (see Note 6 ). Operating Revenues and Related Costs and Expenses. The Company’s revenues consist primarily of casino gaming, food and beverage, hotel, and other revenues (such as entertainment). The majority of the Company’s revenues are derived from casino gaming, principally slot machines. Gaming revenue is the difference between gaming wins and losses, not the total amount wagered. The Company accounts for its gaming transactions on a portfolio basis as such wagers have similar characteristics and it would not be practical to view each wager on an individual basis. The Company sometimes provides discretionary complimentary goods and services (“discretionary comps”). For these types of transactions, the Company allocates revenue to the department providing the complimentary goods or services based upon its estimated standalone selling price, offset by a reduction in casino revenues. Many of the Company’s customers choose to earn points under its customer loyalty programs. As points are accrued, the Company defers a portion of its gaming revenue based on the estimated standalone value of loyalty points being earned by the customer. The standalone value of loyalty points is derived from the retail value of food, beverages, hotel rooms, and other goods or services for which such points may be redeemed. A liability related to these customer loyalty points is recorded, net of estimated breakage and other factors, until the customer redeems these points, primarily for “free casino play/cash back,” complimentary dining, or hotel stays. Such liabilities were approximately $1.5 million for June 30, 2019 and $1.4 million for December 31, 2018 . Upon redemption, the related revenue is recognized at retail value within the department providing the goods or services. Revenue for food and beverage, hotel, and other revenue transactions is typically the net amount collected from the customer for such goods and services, plus the retail value of (i) discretionary comps and (ii) comps provided in return for redemption of loyalty points. The Company records such revenue as the good or service is transferred to the customer. Additionally, the Company may collect deposits in advance for future hotel reservations or entertainment, among other services, which represent obligations to the Company until the service is provided to the customer. Income Taxes. For interim income tax reporting, it was determined that the Company’s annual effective tax rate could not be reasonably estimated. Therefore, the Company uses the cut-off method, as opposed to the annualized effective tax rate method, which would create a tax expense that is not indicative of the annual tax provision. As a result, the Company used the actual year-to-date effective tax rate to determine the tax expense incurred during the three- and six- months ended June 30, 2019 and 2018 . Reclassifications. The Company made certain minor reclassifications to prior-period amounts to conform to the current-period presentation. Such reclassifications had no effect on the previously reported net loss or stockholders’ equity. Earnings (Loss) Per Share. Earnings (loss) per share is net income (loss) applicable to common stock divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects additional dilutive effects for all potentially-dilutive securities, including common stock options and warrants, using the treasury stock method. New Accounting Pronouncement Implemented Leases. In February 2016, the Financial Accounting Standards Board (the “FASB”) issued ASC 842, which replaces the existing guidance for leases and requires expanded disclosures about leasing activities. The Company determines if a contract is or contains a lease at inception or modification of the agreement. A contract is or contains a lease if there are identified assets and the right to control the use of an identified asset is conveyed for a period of time in exchange for consideration. Control over the use of the identified asset means that the lessee has both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset. ASC 842 requires a dual approach for lessee accounting under which a lessee would classify and account for leases as either finance leases or operating leases, both of which result in the lessee recognizing a right-of-use (“ROU”) asset and a corresponding lease liability on the balance sheet, as measured on a discounted basis for leases with terms greater than a year. For finance leases, the lessee will recognize interest expense associated with the lease liability and depreciation expense associated with the ROU asset; and for operating leases, the lessee will recognize straight-line rent expense. For publicly-traded companies, ASC 842 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Under the previous guidance for leases through December 31, 2018, rental payments for certain property and equipment used in the Company’s operations under long-term operating leases were recognized as rent expense with scheduled rent increases recognized on a straight-line basis over the initial lease term, without recording a lease asset and obligation. Rental payments for other property and equipment held under capital leases were recognized as a reduction of a capital lease obligation and interest expense. The fixed assets acquired pursuant to capital leases were included in property and equipment and amortized over the term of the lease. Under the modified retrospective transition method, the Company elected to use the effective date approach with the period of adoption on January 1, 2019 as the date of initial application, and therefore, has elected to not recast comparative period financial information. In addition, the Company has elected the package of practical expedients permitted under the transition guidance to allow it to carry forward historical lease classifications, which includes not needing to reassess: (1) whether any expired or existing contracts are or contain leases, (2) the lease classification for any expired or existing leases, and (3) measurement of initial direct costs for any existing leases. The Company has also elected the short-term lease measurement and recognition exemption, under which the Company will not recognize ROU assets or lease liabilities for leases with a term of 12 months or less. The Company has also elected the exemption to account for new and existing leases containing both lease and non-lease components (“embedded leases”) together as a single lease component by asset class for gaming-related equipment; as a result, the Company will not allocate contract consideration to the separate lease and non-lease components based on their relative standalone prices. Finance and operating lease ROU assets and liabilities are recognized based on the present value of future minimum lease payments over the expected lease term at commencement. As the implicit rate is not determinable in most of the Company’s leases, management uses the Company’s incremental borrowing rate as estimated by third-party valuation specialists in determining the present value of future payments. The expected lease terms include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such options. Lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
LEASES	LEASES The Company has no material leases in which it is the lessor. As lessee, the Company has one finance lease for a hotel and various operating leases for land, casino and office space, equipment, buildings, and signage. The Company’s lease terms, including extensions, range from one month to approximately 39 years . The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants, but the land lease at Silver Slipper does include contingent rent as further discussed below, along with other agreements deemed material to the Company’s operations. Operating Leases Silver Slipper Casino Land Lease through April 2058 and Options to Purchase. In 2004, the Company’s subsidiary, Silver Slipper Casino Venture, LLC, entered into a land lease with Cure Land Company, LLC for approximately 31 acres of marshlands and a seven -acre parcel on which the Silver Slipper Casino and Hotel is situated. The agreement includes fixed, base monthly payments of $77,500 plus contingent rents of 3% of monthly gross gaming revenue (as defined in the lease) in excess of $3.65 million with no scheduled rent increases through the remaining lease term ending in 2058 . The land lease currently includes a purchase option at any time through October 1, 2027, for $15.5 million plus a seller-retained interest in Silver Slipper Casino and Hotel’s operations of 3% of net income (as defined) for 10 years following the purchase date. In the event that the Company sells or transfers either (i) substantially all of the assets of Silver Slipper Casino Venture, LLC, or (ii) its membership interests in Silver Slipper Casino Venture, LLC in its entirety, the purchase price will increase to $17.1 million , plus the retained interest mentioned above for 10 years . In either case, the Company also has an option to purchase a four -acre portion from the total 38 acres of leased land for $2.0 million in connection with the development of an owned hotel (subject to the same seller-retained interest provisions), which may be exercised at any time and would accordingly, reduce the purchase price of the remaining land by $2.0 million . There are certain other provisions within any buy-out related to water issues at the property, the cost of which is not believed to be material. Bronco Billy’s Lease through January 2035 and Option to Purchase. Bronco Billy’s leases certain parking lots and buildings, including a portion of the hotel and casino, under a long-term lease. The lease term includes six renewal options in three -year increments to 2035. Bronco Billy’s exercised its first renewal option through January 2020, which included monthly rent of $25,000 for the first two years of the renewal period and $30,000 for the third year that started in February 2019. In May 2019, Bronco Billy’s also exercised its second renewal option to extend the lease term through January 31, 2023, which will increase the monthly rent to $32,500 beginning in February 2021. The lease also contains a $7.6 million purchase option exercisable at any time during the lease term, or as extended, and a right of first refusal on any sale of the property. Christmas Casino at Bronco Billy’s through August 2021 and Option to Purchase. As part of the Bronco Billy’s expansion, the Company leased a closed casino in August 2018 and opened it as the rebranded Christmas Casino in November 2018 . The lease includes a minimum three -year term with annual lease payments of $0.2 million , and can be extended an additional two years with annual lease payments of $0.3 million . The Company can also purchase the casino at any time during the lease term, or as extended. The purchase price is $2.5 million , if bought by October 31, 2019, and increases by $0.1 million on each anniversary thereafter up to $2.8 million . Grand Lodge Casino Lease through August 2023. The Company’s subsidiary, Gaming Entertainment (Nevada), LLC, has a lease with Hyatt Equities, L.L.C. (“Hyatt”) to operate the Grand Lodge Casino. The lease is collateralized by the Company’s interests under the lease and property (as defined in the lease) and is subordinate to the liens of the senior secured notes due 2024 (see Note 5 ). Hyatt has an option, which began on January 1, 2019, to purchase the Company’s leasehold interest and related operating assets of the Grand Lodge Casino, subject to assumption of applicable liabilities. The option price is an amount equal to the Grand Lodge Casino’s positive working capital, plus Grand Lodge Casino’s earnings before interest, income taxes, depreciation and amortization (“EBITDA”) for the twelve -month period preceding the acquisition (or pro-rated if less than twelve months remain on the lease), plus the fair market value of the Grand Lodge Casino’s personal property. The current monthly rent of $166,667 is applicable through the remaining lease term ending in August 2023. Corporate Office Lease through January 2025 . In June 2017, the Company leased 4,479 square feet of office space in Las Vegas, Nevada. Annual rent is approximately $0.2 million and the term of the office lease expires in January 2025. Finance Lease Rising Star Casino Hotel Lease through October 2027 and Option to Purchase. The Company’s Indiana subsidiary, Gaming Entertainment (Indiana) LLC, leases a 104 -room hotel at Rising Star Casino Resort. At any time during the lease term, the Company has the option to purchase the hotel at a price based upon the project’s actual cost of $7.7 million (see Note 4 ), reduced by the cumulative principal payments made by the Company during the lease term. At June 30, 2019 , such net amount was $4.6 million . Upon expiration of the lease term in October 2027, (i) the Landlord has the right to sell the hotel to the Company, and (ii) the Company has the option to purchase the hotel. In either case, the purchase price is $1 plus closing costs. Leases recorded on the balance sheet consist of the following: (In thousands, Unaudited) Leases Balance Sheet Classification June 30, 2019 Assets Operating lease assets Operating Lease Right-of-Use Assets, Net $ 18,769 Finance lease assets Property and Equipment, Net (1) 5,115 Total lease assets $ 23,884 Liabilities Current Operating Other Accrued Expenses and Current Operating Lease Obligations $ 2,219 Finance Current Portion of Finance Lease Obligation 493 Noncurrent Operating Operating Lease Obligations, Net of Current Portion, and Other 16,794 Finance Finance Lease Obligation, Net of Current Portion 4,065 Total lease liabilities $ 23,571 (1 ) Finance lease assets are recorded net of accumulated amortization of $2.6 million as of June 30, 2019. The components of lease expense are as follows: (In thousands, Unaudited) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Lease Costs Statement of Operations Classification Operating leases: Operating leases Selling, General and Administrative Expenses $ 958 $ 1,918 Variable leases Selling, General and Administrative Expenses 171 355 Finance lease: Amortization of leased assets Depreciation and Amortization 39 79 Interest on lease liabilities Interest Expense, Net 52 106 Total lease costs $ 1,220 $ 2,458 Maturities of lease liabilities as of June 30, 2019 are summarized as follows: (In thousands, Unaudited) Operating Leases Financing Lease (1) Year Ending December 31, 2019 (excluding the six months ended June 30, 2019) $ 1,921 $ 317 2020 3,850 680 2021 3,719 652 2022 3,503 652 2023 2,478 652 Thereafter 32,152 2,499 Total future minimum lease payments 47,623 5,452 Less: Amount representing interest (28,610 ) (894 ) Present value of lease liabilities 19,013 4,558 Less: Current lease obligations (2,219 ) (493 ) Long-term lease obligations $ 16,794 $ 4,065 (1 ) The Company’s only material finance lease is at Rising Star Casino Resort for a 104-room hotel. Other information related to lease term and discount rate is as follows: Lease Term and Discount Rate June 30, 2019 (Unaudited) Weighted-average remaining lease term Operating leases 21.1 years Finance lease 8.3 years Weighted-average discount rate Operating leases (1) 9.42% Finance lease 4.50% (1 ) Upon adoption of the new lease standard, discount rates used for existing operating leases were established on January 1, 2019. Supplemental cash flow information related to leases is as follows: (In thousands, Unaudited) Six Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 1,928 Operating cash flows for finance lease $ 106 Financing cash flows for finance lease $ 263
LEASES	LEASES The Company has no material leases in which it is the lessor. As lessee, the Company has one finance lease for a hotel and various operating leases for land, casino and office space, equipment, buildings, and signage. The Company’s lease terms, including extensions, range from one month to approximately 39 years . The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants, but the land lease at Silver Slipper does include contingent rent as further discussed below, along with other agreements deemed material to the Company’s operations. Operating Leases Silver Slipper Casino Land Lease through April 2058 and Options to Purchase. In 2004, the Company’s subsidiary, Silver Slipper Casino Venture, LLC, entered into a land lease with Cure Land Company, LLC for approximately 31 acres of marshlands and a seven -acre parcel on which the Silver Slipper Casino and Hotel is situated. The agreement includes fixed, base monthly payments of $77,500 plus contingent rents of 3% of monthly gross gaming revenue (as defined in the lease) in excess of $3.65 million with no scheduled rent increases through the remaining lease term ending in 2058 . The land lease currently includes a purchase option at any time through October 1, 2027, for $15.5 million plus a seller-retained interest in Silver Slipper Casino and Hotel’s operations of 3% of net income (as defined) for 10 years following the purchase date. In the event that the Company sells or transfers either (i) substantially all of the assets of Silver Slipper Casino Venture, LLC, or (ii) its membership interests in Silver Slipper Casino Venture, LLC in its entirety, the purchase price will increase to $17.1 million , plus the retained interest mentioned above for 10 years . In either case, the Company also has an option to purchase a four -acre portion from the total 38 acres of leased land for $2.0 million in connection with the development of an owned hotel (subject to the same seller-retained interest provisions), which may be exercised at any time and would accordingly, reduce the purchase price of the remaining land by $2.0 million . There are certain other provisions within any buy-out related to water issues at the property, the cost of which is not believed to be material. Bronco Billy’s Lease through January 2035 and Option to Purchase. Bronco Billy’s leases certain parking lots and buildings, including a portion of the hotel and casino, under a long-term lease. The lease term includes six renewal options in three -year increments to 2035. Bronco Billy’s exercised its first renewal option through January 2020, which included monthly rent of $25,000 for the first two years of the renewal period and $30,000 for the third year that started in February 2019. In May 2019, Bronco Billy’s also exercised its second renewal option to extend the lease term through January 31, 2023, which will increase the monthly rent to $32,500 beginning in February 2021. The lease also contains a $7.6 million purchase option exercisable at any time during the lease term, or as extended, and a right of first refusal on any sale of the property. Christmas Casino at Bronco Billy’s through August 2021 and Option to Purchase. As part of the Bronco Billy’s expansion, the Company leased a closed casino in August 2018 and opened it as the rebranded Christmas Casino in November 2018 . The lease includes a minimum three -year term with annual lease payments of $0.2 million , and can be extended an additional two years with annual lease payments of $0.3 million . The Company can also purchase the casino at any time during the lease term, or as extended. The purchase price is $2.5 million , if bought by October 31, 2019, and increases by $0.1 million on each anniversary thereafter up to $2.8 million . Grand Lodge Casino Lease through August 2023. The Company’s subsidiary, Gaming Entertainment (Nevada), LLC, has a lease with Hyatt Equities, L.L.C. (“Hyatt”) to operate the Grand Lodge Casino. The lease is collateralized by the Company’s interests under the lease and property (as defined in the lease) and is subordinate to the liens of the senior secured notes due 2024 (see Note 5 ). Hyatt has an option, which began on January 1, 2019, to purchase the Company’s leasehold interest and related operating assets of the Grand Lodge Casino, subject to assumption of applicable liabilities. The option price is an amount equal to the Grand Lodge Casino’s positive working capital, plus Grand Lodge Casino’s earnings before interest, income taxes, depreciation and amortization (“EBITDA”) for the twelve -month period preceding the acquisition (or pro-rated if less than twelve months remain on the lease), plus the fair market value of the Grand Lodge Casino’s personal property. The current monthly rent of $166,667 is applicable through the remaining lease term ending in August 2023. Corporate Office Lease through January 2025 . In June 2017, the Company leased 4,479 square feet of office space in Las Vegas, Nevada. Annual rent is approximately $0.2 million and the term of the office lease expires in January 2025. Finance Lease Rising Star Casino Hotel Lease through October 2027 and Option to Purchase. The Company’s Indiana subsidiary, Gaming Entertainment (Indiana) LLC, leases a 104 -room hotel at Rising Star Casino Resort. At any time during the lease term, the Company has the option to purchase the hotel at a price based upon the project’s actual cost of $7.7 million (see Note 4 ), reduced by the cumulative principal payments made by the Company during the lease term. At June 30, 2019 , such net amount was $4.6 million . Upon expiration of the lease term in October 2027, (i) the Landlord has the right to sell the hotel to the Company, and (ii) the Company has the option to purchase the hotel. In either case, the purchase price is $1 plus closing costs. Leases recorded on the balance sheet consist of the following: (In thousands, Unaudited) Leases Balance Sheet Classification June 30, 2019 Assets Operating lease assets Operating Lease Right-of-Use Assets, Net $ 18,769 Finance lease assets Property and Equipment, Net (1) 5,115 Total lease assets $ 23,884 Liabilities Current Operating Other Accrued Expenses and Current Operating Lease Obligations $ 2,219 Finance Current Portion of Finance Lease Obligation 493 Noncurrent Operating Operating Lease Obligations, Net of Current Portion, and Other 16,794 Finance Finance Lease Obligation, Net of Current Portion 4,065 Total lease liabilities $ 23,571 (1 ) Finance lease assets are recorded net of accumulated amortization of $2.6 million as of June 30, 2019. The components of lease expense are as follows: (In thousands, Unaudited) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Lease Costs Statement of Operations Classification Operating leases: Operating leases Selling, General and Administrative Expenses $ 958 $ 1,918 Variable leases Selling, General and Administrative Expenses 171 355 Finance lease: Amortization of leased assets Depreciation and Amortization 39 79 Interest on lease liabilities Interest Expense, Net 52 106 Total lease costs $ 1,220 $ 2,458 Maturities of lease liabilities as of June 30, 2019 are summarized as follows: (In thousands, Unaudited) Operating Leases Financing Lease (1) Year Ending December 31, 2019 (excluding the six months ended June 30, 2019) $ 1,921 $ 317 2020 3,850 680 2021 3,719 652 2022 3,503 652 2023 2,478 652 Thereafter 32,152 2,499 Total future minimum lease payments 47,623 5,452 Less: Amount representing interest (28,610 ) (894 ) Present value of lease liabilities 19,013 4,558 Less: Current lease obligations (2,219 ) (493 ) Long-term lease obligations $ 16,794 $ 4,065 (1 ) The Company’s only material finance lease is at Rising Star Casino Resort for a 104-room hotel. Other information related to lease term and discount rate is as follows: Lease Term and Discount Rate June 30, 2019 (Unaudited) Weighted-average remaining lease term Operating leases 21.1 years Finance lease 8.3 years Weighted-average discount rate Operating leases (1) 9.42% Finance lease 4.50% (1 ) Upon adoption of the new lease standard, discount rates used for existing operating leases were established on January 1, 2019. Supplemental cash flow information related to leases is as follows: (In thousands, Unaudited) Six Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 1,928 Operating cash flows for finance lease $ 106 Financing cash flows for finance lease $ 263

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Property and equipment, including finance lease assets, consists of the following: (In thousands) June 30, December 31, (Unaudited) Land and improvements $ 15,835 $ 15,786 Buildings and improvements 108,533 108,214 Furniture and equipment 44,776 43,740 Finance lease assets (see Note 3) 7,726 7,726 Construction in progress 8,193 6,864 185,063 182,330 Less: Accumulated depreciation (64,218 ) (60,254 ) $ 120,845 $ 122,076

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt, related discounts and issuance costs consist of the following: (In thousands) June 30, December 31, 2018 (Unaudited) Senior Secured Notes $ 108,475 $ 99,000 Less: Unamortized discounts and debt issuance costs (4,389 ) (3,806 ) 104,086 95,194 Less: Current portion of long-term debt (1,100 ) (1,000 ) $ 102,986 $ 94,194 Senior Secured Notes. On May 10, 2019 , the Company entered into a Notes Purchase Agreement under which it agreed to sell an additional $10 million in aggregate principal amount of its senior secured notes due 2024 (the “Incremental Notes”) to qualified institutional buyers. The Company has used or expects to use the proceeds from the Incremental Notes to (i) provide additional liquidity for the construction of the Phase One parking garage at Bronco Billy’s Casino and Hotel and other capital expenditures; (ii) pay fees and expenses incurred in connection with the Incremental Notes offering; and (iii) provide funds for general corporate purposes. The Incremental Notes were issued on the same day at a price of 99.01% of their face value (a 0.99% original issue discount) pursuant to the indenture (as amended and supplemented, the “Indenture”), dated as of February 2, 2018 . The Indenture governs the $100 million of senior secured notes due 2024 (the “Original Notes”) previously issued by the Company on February 2, 2018 . The Incremental Notes have the same maturity date and interest rate as the Original Notes, are part of the same series as the Original Notes, and are treated as a single class together with the Original Notes (collectively, the “Notes”) for all purposes under the Indenture. Also, on May 10, 2019 , the Company executed the Second Amendment to the Indenture dated as of May 10, 2019 , which (i) increased the principal amount required to be redeemed each quarter from $250,000 to $275,000 in total aggregate of the Notes, beginning June 30, 2019; (ii) permitted liens incurred in connection with the Cripple Creek Expansion Project; and (iii) changed the total leverage ratio as described in the Indenture and below under “Covenants.” The Notes bear interest at the greater of the three-month London Interbank Offered Rate (“LIBOR”) or 1.0% , plus a margin rate of 7.0% . Interest on the Notes is payable quarterly in arrears, on March 31, June 30, September 30 and December 31 of each year until the Notes mature on February 2, 2024. On each interest payment date, the Company is required to make principal payments of $275,000 with a balloon payment for the remaining $103.5 million due upon maturity. The Company may redeem all or a part of the Notes plus the premium as set forth below, plus accrued and applicable unpaid interest: Redemption Periods Percentage Premium On February 2, 2019 to February 1, 2020 2.0% On February 2, 2020 to February 1, 2021 1.5% On February 2, 2021 to February 1, 2022 0.5% On or after February 2, 2022 —% The Notes are collateralized by substantially all of the Company’s assets and are guaranteed by all of its material subsidiaries. Interest Rate Cap Agreement. The Company maintains an Interest Rate Cap from Capital One, N.A. (“Capital One”) in order to manage expected interest rate increases on the Notes. The agreement is for a notional amount of $50 million and expires on March 31, 2021. The Interest Rate Cap has a strike rate of 3.00% and resets every three months at the end of March, June, September, and December. If the three-month LIBOR exceeds the strike rate at the end of any covered period, the Company will receive cash payments from Capital One. For details regarding fair value measurements, see Note 2 . Covenants . The Indenture governing the Notes contains customary representations and warranties, events of default, and positive and negative covenants, including financial covenants. The Company is required to maintain a total leverage ratio, which measures Consolidated EBITDA (as defined in the Indenture) against outstanding debt. The Company is allowed to deduct up to $15 million of its cash and equivalents (beyond estimated cash utilized in daily operations) in calculating the numerator of such ratio. For the remainder of this year, the total leverage ratio requirement has been adjusted to 6.00x as a result of the issuance of the Incremental Notes. The Company was in compliance with its covenants as of June 30, 2019 . However, there can be no assurances that the Company will remain in compliance with all covenants in the future and/or that it would be successful in obtaining waivers or modifications in the event of noncompliance.

COMMON STOCK WARRANT LIABILITY

COMMON STOCK WARRANT LIABILITY	6 Months Ended
	Jun. 30, 2019
Other Liabilities Disclosure [Abstract]
COMMON STOCK WARRANT LIABILITY	COMMON STOCK WARRANT LIABILITY As part of the Company’s former Second Lien Credit Facility, on May 13, 2016, the Company granted the Second Lien Credit Facility lenders 1,006,568 warrants, which have an exercise price of $1.67 and expire on May 13, 2026. The warrants also provide for redemption rights, preemptive rights under certain circumstances to maintain their ownership interest in the Company, piggyback registration rights and mandatory registration rights. In addition to a refinancing, the redemption rights allow the warrant-holders, at their option, to require the Company to repurchase all or a portion of the warrants upon the occurrence of certain events, including: (i) a liquidity event, as defined in the warrant purchase agreement, or (ii) the Company’s insolvency. The repurchase value is the 21 -day average price of the Company’s common stock at the time of such liquidity event, net of the warrant exercise price. If the redemption rights are exercised, the repurchase amount is payable by the Company in cash or through the issuance of an unsecured note with a four -year term and a minimum interest rate of 13.25% , as further defined in the warrant purchase agreement, and would be guaranteed by the Company’s subsidiaries. Alternatively, the warrant-holders may choose to have the Company register and sell the shares related to the warrants through a public stock offering. The Company’s debt refinancing of the Second Lien Credit Facility during 2018 was considered a “triggering event” for the possible redemption or registration of the warrants. The Company’s warrant-holders have not yet requested the redemption or registration of their outstanding warrants, though they may do so on any six-month anniversary of the refinancing date prior to warrant expiration. Accordingly, the obligation is reflected as a current liability. The Company measures the fair value of the warrants at each reporting period (see Note 2 ). At June 30, 2019 , the estimated fair value was determined using the following assumptions: an expected contractual term of 6.87 years, an expected stock price volatility rate of 44.65% , an expected dividend yield of 0% , and an expected risk-free interest rate of 1.87% .

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s effective income tax rate for the three- and six- months ended June 30, 2019 was (16.5)% and (12.2)% , respectively, compared to an effective income tax rate of (21.7)% and (5.0)% in the corresponding prior-year periods. The Company’s tax rate differs from the statutory rate of 21.0% primarily due to the effects of valuation allowances against net deferred tax assets, as well as certain permanent item differences between tax and financial reporting purposes.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Litigation The Company is party to a number of pending legal proceedings related to matters that occurred in the normal course of business. Management does not expect that the outcome of any such proceedings, either individually or in the aggregate, will have a material effect on the Company’s financial position, results of operations and cash flows. Options to Purchase or Lease Land La Posada del Llano Racetrack Proposal in New Mexico. During July 2018 , the Company paid $125,000 for options to purchase approximately 520 acres of adjoining land in Clovis, New Mexico as part of its racetrack casino proposal to the New Mexico Racing Commission. The proposal was in response to the New Mexico Racing Commission’s request for proposals related to the potential issuance of the state’s sixth racing license. During July 2019, the Company paid an additional $125,000 in total to renew these two options, as detailed below. In August 2019 , the New Mexico Racing Commission announced that it would not issue the sixth racing license at this time, but may do so in the future. • A $75,000 option to purchase 200 acres of land, which ends on the earlier of either July 2019 or 60 days following the granting of the sixth license to conduct horseracing by the New Mexico Racing Commission and New Mexico Gaming Control Board (“License Award”) and all related approvals, permits, and other licenses. In July 2019, the Company extended the purchase option by one year for another $75,000 under the same terms. Prior to the end of this first option extension, the Company may extend the purchase option by one year for an additional $75,000 under the same terms. Additionally, prior to the end of this first extension period, or as further extended, the Company may purchase the land for $1.4 million , which can be reduced by the option payments. • A $50,000 option to purchase 320 acres of land, which ends on the earlier of either July 2019 or 60 days following the granting of the License Award and all related approvals, permits, and other licenses. In July 2019, the Company extended the purchase option by one year for another $50,000 under the same terms. Prior to the end of this option extension, the Company may purchase the land for $1.6 million , which can be reduced by the option payments.

EARNINGS (LOSS) PER SHARE AND S

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY	EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS ’ EQUITY The table below reconciles basic and diluted loss per share of common stock: (In thousands, unaudited) Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Numerator: Net loss – basic $ (1,010 ) $ (661 ) $ (2,627 ) $ (4,947 ) Adjustment for assumed conversion of warrants (141 ) — (101 ) (423 ) Net loss – diluted $ (1,151 ) $ (661 ) $ (2,728 ) $ (5,370 ) Denominator: Weighted-average common share equivalents – basic 26,969 26,922 26,955 25,077 Potential dilution from assumed conversion of warrants 217 — 232 499 Weighted-average common and common share equivalents – diluted 27,186 26,922 27,187 25,576 Anti-dilutive share-based awards and warrants excluded from the calculation of diluted loss per share 2,699 3,540 2,699 2,533

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION As of June 30, 2019 , the Company had 703,635 share-based awards authorized by shareholders and available for grant from the 2015 Equity Incentive Plan. The following table summarizes information related to the Company’s common stock options as of June 30, 2019 : Number of Stock Options Weighted Average Exercise Price Options outstanding at January 1, 2019 2,575,774 $ 1.67 Granted 176,900 2.20 Exercised (26,667 ) 1.70 Canceled/Forfeited (26,666 ) 2.01 Options outstanding at June 30, 2019 2,699,341 $ 1.70 Options exercisable at June 30, 2019 2,193,273 $ 1.54 Share-based compensation expense totaled $107,000 and $175,000 for the three months ended June 30, 2019 and 2018 , respectively, and $193,000 and $407,000 for the six months ended June 30, 2019 and 2018 , respectively. As of June 30, 2019 , there was approximately $0.4 million of unrecognized compensation cost related to unvested stock options previously granted that is expected to be recognized over a weighted-average period of approximately 1.9 years . As compensation for their annual service, the Company issued a total of 21,524 restricted shares under the 2015 Plan with a one-year transfer restriction to certain non-executive members of its Board of Directors in May 2019 .

SEGMENT REPORTING AND DISAGGREG

SEGMENT REPORTING AND DISAGGREGATED REVENUE	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
SEGMENT REPORTING AND DISAGGREGATED REVENUE	SEGMENT REPORTING AND DISAGGREGATED REVENUE The Company manages its casinos based on geographic regions within the United States. The casino/resort operations include four segments: Silver Slipper Casino and Hotel (Hancock County, Mississippi); Rising Star Casino Resort, consisting of Rising Star Casino Resort (Rising Sun, Indiana) and its ferry boat operations (connecting Rising Sun, Indiana with Boone County, Kentucky); Bronco Billy’s Casino and Hotel (including the Christmas Casino & Inn, both in Cripple Creek, Colorado); and the Northern Nevada segment, consisting of Grand Lodge Casino (Incline Village, Nevada) and Stockman’s Casino (Fallon, Nevada). The Company utilizes Adjusted Property EBITDA as the measure of segment profit in assessing performance and allocating resources at the reportable segment level. Adjusted Property EBITDA is defined as earnings before interest and other non-operating income (expense), taxes, depreciation and amortization, pre-opening expenses, impairment charges, asset write-offs, recoveries, gain (loss) from asset disposals, project development and acquisition costs, non-cash share-based compensation expense, and corporate-related costs and expenses that are not allocated to each property. The following tables present the Company’s segment information: (In thousands, unaudited) Three Months Ended June 30, 2019 Silver Slipper Casino and Hotel Rising Star Casino Resort Bronco Billy’s Casino and Hotel Northern Nevada Casinos Corporate Total Revenues Casino $ 11,636 $ 7,526 $ 5,563 $ 3,725 $ — $ 28,450 Food and beverage 5,515 1,800 1,051 497 — 8,863 Hotel 1,305 1,560 186 — — 3,051 Other operations 436 712 77 74 — 1,299 $ 18,892 $ 11,598 $ 6,877 $ 4,296 $ — $ 41,663 Net income (loss) $ 2,655 $ (41 ) $ 397 $ 245 $ (4,266 ) $ (1,010 ) Interest expense, net 5 52 — — 2,874 2,931 Adjustment to fair value of warrants — — — — (141 ) (141 ) Income tax provision 65 — 49 23 6 143 Operating income (loss) 2,725 11 446 268 (1,527 ) 1,923 Depreciation and amortization 869 593 434 149 38 2,083 Gain on sale or disposal of asset, net — — (4 ) — — (4 ) Project development and acquisition costs — — — — 142 142 Share-based compensation — — — — 107 107 Corporate — — — — 1,240 1,240 Adjusted Property EBITDA $ 3,594 $ 604 $ 876 $ 417 $ — $ 5,491 (In thousands, unaudited) Three Months Ended June 30, 2018 Silver Slipper Casino and Hotel Rising Star Casino Resort Bronco Billy’s Casino and Hotel Northern Nevada Casinos Corporate Total Revenues Casino $ 11,438 $ 7,974 $ 5,373 $ 3,847 $ — $ 28,632 Food and beverage 4,824 2,291 1,182 486 — 8,783 Hotel 835 1,586 161 — — 2,582 Other operations 395 677 79 79 — 1,230 $ 17,492 $ 12,528 $ 6,795 $ 4,412 $ — $ 41,227 Net income (loss) $ 2,302 $ 114 $ 762 $ 265 $ (4,104 ) $ (661 ) Interest expense, net 5 58 — — 2,403 2,466 Adjustment to fair value of warrants — — — — 80 80 Income tax provision 65 — 49 — 4 118 Operating income (loss) 2,372 172 811 265 (1,617 ) 2,003 Depreciation and amortization 811 603 377 208 39 2,038 Loss on sale or disposal of asset, net — 1 68 — — 69 Project development and acquisition costs — — — — 130 130 Share-based compensation — — — — 175 175 Corporate — — — — 1,273 1,273 Adjusted Property EBITDA $ 3,183 $ 776 $ 1,256 $ 473 $ — $ 5,688 (In thousands, unaudited) Six Months Ended June 30, 2019 Silver Slipper Casino and Hotel Rising Star Casino Resort Bronco Billy’s Casino and Hotel Northern Nevada Casinos Corporate Total Revenues Casino $ 24,015 $ 14,869 $ 10,806 $ 7,058 $ — $ 56,748 Food and beverage 10,886 3,613 2,025 997 — 17,521 Hotel 2,449 2,983 334 — — 5,766 Other operations 824 1,000 152 146 — 2,122 $ 38,174 $ 22,465 $ 13,317 $ 8,201 $ — $ 82,157 Net income (loss) $ 5,582 $ (298 ) $ 515 $ 60 $ (8,486 ) $ (2,627 ) Interest expense, net 12 106 — (1 ) 5,517 5,634 Adjustment to fair value of warrants — — — — (101 ) (101 ) Income tax provision 131 — 99 47 8 285 Operating income (loss) 5,725 (192 ) 614 106 (3,062 ) 3,191 Depreciation and amortization 1,716 1,199 881 302 76 4,174 Gain on sale or disposal of asset, net (1 ) — (4 ) — — (5 ) Project development and acquisition costs — — — — 275 275 Share-based compensation — — — — 193 193 Corporate — — — — 2,518 2,518 Adjusted Property EBITDA $ 7,440 $ 1,007 $ 1,491 $ 408 $ — $ 10,346 (In thousands, unaudited) Six Months Ended June 30, 2018 Silver Slipper Casino and Hotel Rising Star Casino Resort Bronco Billy’s Casino and Hotel Northern Nevada Casinos Corporate Total Revenues Casino $ 22,488 $ 15,499 $ 10,347 $ 7,268 $ — $ 55,602 Food and beverage 9,169 4,348 2,258 947 — 16,722 Hotel 1,612 2,974 279 — — 4,865 Other operations 732 934 153 150 — 1,969 $ 34,001 $ 23,755 $ 13,037 $ 8,365 $ — $ 79,158 Net income (loss) $ 4,294 $ (88 ) $ 944 $ 44 $ (10,141 ) $ (4,947 ) Interest expense, net 9 116 — — 4,881 5,006 Loss on extinguishment of debt — — — — 2,673 2,673 Adjustment to fair value of warrants — — — — (423 ) (423 ) Income tax provision 131 — 99 — 7 237 Operating income (loss) 4,434 28 1,043 44 (3,003 ) 2,546 Depreciation and amortization 1,631 1,232 849 416 78 4,206 Loss on sale or disposal of asset, net 1 9 69 — — 79 Project development and acquisition costs — — — — 167 167 Share-based compensation — — — — 407 407 Corporate — — — — 2,351 2,351 Adjusted Property EBITDA $ 6,066 $ 1,269 $ 1,961 $ 460 $ — $ 9,756 (In thousands) June 30, December 31, (Unaudited) Total Assets Silver Slipper Casino and Hotel $ 87,526 $ 79,094 Rising Star Casino Resort 40,110 39,722 Bronco Billy’s Casino and Hotel 43,327 42,780 Northern Nevada Casinos 18,739 12,395 Corporate and Other 15,397 8,281 $ 205,099 $ 182,272

BASIS OF PRESENTATION AND SIG_2

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation. As permitted by the rules and regulations of the Securities and Exchange Commission (“SEC”), certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) have been condensed or omitted. These consolidated financial statements should be read in conjunction with the Company’s 2018 annual consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . The interim consolidated financial statements of the Company included herein reflect all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary to present fairly the financial position and results of operations for the interim periods presented. The results of operations for the interim periods are not necessarily indicative of annualized results for an entire year. The consolidated financial statements include the accounts of Full House and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Fair Value and the Fair Value Input Hierarchy	Fair Value and the Fair Value Input Hierarchy. Fair value measurements affect the Company’s accounting for net assets acquired in acquisition transactions and certain financial assets and liabilities, such as its interest rate cap (“Interest Rate Cap”) agreement and common stock warrant liability. Fair value measurements are also used in the Company’s periodic assessments of long-lived tangible and intangible assets for possible impairment, including for property and equipment, goodwill, and other intangible assets. Fair value is defined as the expected price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP categorizes the inputs used for fair value into a three-level hierarchy: • Level 1: Observable inputs, such as quoted prices in active markets for identical assets or liabilities; • Level 2: Comparable inputs other than quoted prices that are observable for similar assets or liabilities in less active markets; and • Level 3: Unobservable inputs which may include metrics that market participants would use to estimate values, such as revenue and earnings multiples and relative rates of return. The Company utilizes Level 2 inputs when measuring the fair value of its Interest Rate Cap. In order to estimate the fair value of this derivative instrument, the Company obtains valuation reports from the third-party broker that issued the Interest Rate Cap. The report contemplates fair value by using inputs including market-observable data such as interest rate curves, volatilities, and information derived from or corroborated by that market-observable data (see Note 5 ). The Company utilizes Level 3 inputs when measuring the fair value of net assets acquired in business combination transactions, subsequent assessments for impairment, and most financial instruments, including but not limited to the estimated fair value of common stock warrants at issuance and for recurring changes in the related warrant liability (see Note 6 ).
Operating Revenues and Related Costs and Expenses	Operating Revenues and Related Costs and Expenses. The Company’s revenues consist primarily of casino gaming, food and beverage, hotel, and other revenues (such as entertainment). The majority of the Company’s revenues are derived from casino gaming, principally slot machines. Gaming revenue is the difference between gaming wins and losses, not the total amount wagered. The Company accounts for its gaming transactions on a portfolio basis as such wagers have similar characteristics and it would not be practical to view each wager on an individual basis. The Company sometimes provides discretionary complimentary goods and services (“discretionary comps”). For these types of transactions, the Company allocates revenue to the department providing the complimentary goods or services based upon its estimated standalone selling price, offset by a reduction in casino revenues. Many of the Company’s customers choose to earn points under its customer loyalty programs. As points are accrued, the Company defers a portion of its gaming revenue based on the estimated standalone value of loyalty points being earned by the customer. The standalone value of loyalty points is derived from the retail value of food, beverages, hotel rooms, and other goods or services for which such points may be redeemed. A liability related to these customer loyalty points is recorded, net of estimated breakage and other factors, until the customer redeems these points, primarily for “free casino play/cash back,” complimentary dining, or hotel stays. Such liabilities were approximately $1.5 million for June 30, 2019 and $1.4 million for December 31, 2018 . Upon redemption, the related revenue is recognized at retail value within the department providing the goods or services. Revenue for food and beverage, hotel, and other revenue transactions is typically the net amount collected from the customer for such goods and services, plus the retail value of (i) discretionary comps and (ii) comps provided in return for redemption of loyalty points. The Company records such revenue as the good or service is transferred to the customer. Additionally, the Company may collect deposits in advance for future hotel reservations or entertainment, among other services, which represent obligations to the Company until the service is provided to the customer.
Income Taxes	Income Taxes. For interim income tax reporting, it was determined that the Company’s annual effective tax rate could not be reasonably estimated. Therefore, the Company uses the cut-off method, as opposed to the annualized effective tax rate method, which would create a tax expense that is not indicative of the annual tax provision. As a result, the Company used the actual year-to-date effective tax rate to determine the tax expense incurred during the three- and six- months ended June 30, 2019 and 2018 .
Reclassifications	Reclassifications. The Company made certain minor reclassifications to prior-period amounts to conform to the current-period presentation. Such reclassifications had no effect on the previously reported net loss or stockholders’ equity.
Earnings (Loss) Per Share	Earnings (Loss) Per Share. Earnings (loss) per share is net income (loss) applicable to common stock divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects additional dilutive effects for all potentially-dilutive securities, including common stock options and warrants, using the treasury stock method.
New Accounting Pronouncement Implemented	New Accounting Pronouncement Implemented Leases. In February 2016, the Financial Accounting Standards Board (the “FASB”) issued ASC 842, which replaces the existing guidance for leases and requires expanded disclosures about leasing activities. The Company determines if a contract is or contains a lease at inception or modification of the agreement. A contract is or contains a lease if there are identified assets and the right to control the use of an identified asset is conveyed for a period of time in exchange for consideration. Control over the use of the identified asset means that the lessee has both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset. ASC 842 requires a dual approach for lessee accounting under which a lessee would classify and account for leases as either finance leases or operating leases, both of which result in the lessee recognizing a right-of-use (“ROU”) asset and a corresponding lease liability on the balance sheet, as measured on a discounted basis for leases with terms greater than a year. For finance leases, the lessee will recognize interest expense associated with the lease liability and depreciation expense associated with the ROU asset; and for operating leases, the lessee will recognize straight-line rent expense. For publicly-traded companies, ASC 842 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Under the previous guidance for leases through December 31, 2018, rental payments for certain property and equipment used in the Company’s operations under long-term operating leases were recognized as rent expense with scheduled rent increases recognized on a straight-line basis over the initial lease term, without recording a lease asset and obligation. Rental payments for other property and equipment held under capital leases were recognized as a reduction of a capital lease obligation and interest expense. The fixed assets acquired pursuant to capital leases were included in property and equipment and amortized over the term of the lease. Under the modified retrospective transition method, the Company elected to use the effective date approach with the period of adoption on January 1, 2019 as the date of initial application, and therefore, has elected to not recast comparative period financial information. In addition, the Company has elected the package of practical expedients permitted under the transition guidance to allow it to carry forward historical lease classifications, which includes not needing to reassess: (1) whether any expired or existing contracts are or contain leases, (2) the lease classification for any expired or existing leases, and (3) measurement of initial direct costs for any existing leases. The Company has also elected the short-term lease measurement and recognition exemption, under which the Company will not recognize ROU assets or lease liabilities for leases with a term of 12 months or less. The Company has also elected the exemption to account for new and existing leases containing both lease and non-lease components (“embedded leases”) together as a single lease component by asset class for gaming-related equipment; as a result, the Company will not allocate contract consideration to the separate lease and non-lease components based on their relative standalone prices. Finance and operating lease ROU assets and liabilities are recognized based on the present value of future minimum lease payments over the expected lease term at commencement. As the implicit rate is not determinable in most of the Company’s leases, management uses the Company’s incremental borrowing rate as estimated by third-party valuation specialists in determining the present value of future payments. The expected lease terms include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such options. Lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term.

ORGANIZATION (Tables)

ORGANIZATION (Tables)	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Properties	The following table identifies the properties along with their respective dates of acquisition and locations: Property Acquisition Location Silver Slipper Casino and Hotel 2012 Hancock County, MS Bronco Billy’s Casino and Hotel 2016 Cripple Creek, CO Rising Star Casino Resort 2011 Rising Sun, IN Stockman’s Casino 2007 Fallon, NV Grand Lodge Casino (leased and part of the Hyatt Regency Lake Tahoe Resort, Spa and Casino) 2011 Incline Village, NV

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Balance Sheet Information For Leases	Leases recorded on the balance sheet consist of the following: (In thousands, Unaudited) Leases Balance Sheet Classification June 30, 2019 Assets Operating lease assets Operating Lease Right-of-Use Assets, Net $ 18,769 Finance lease assets Property and Equipment, Net (1) 5,115 Total lease assets $ 23,884 Liabilities Current Operating Other Accrued Expenses and Current Operating Lease Obligations $ 2,219 Finance Current Portion of Finance Lease Obligation 493 Noncurrent Operating Operating Lease Obligations, Net of Current Portion, and Other 16,794 Finance Finance Lease Obligation, Net of Current Portion 4,065 Total lease liabilities $ 23,571 (1 ) Finance lease assets are recorded net of accumulated amortization of $2.6 million as of June 30, 2019.
Components of Lease Expense, Lease Term and Discount Rate and Cash Flow Information	Other information related to lease term and discount rate is as follows: Lease Term and Discount Rate June 30, 2019 (Unaudited) Weighted-average remaining lease term Operating leases 21.1 years Finance lease 8.3 years Weighted-average discount rate Operating leases (1) 9.42% Finance lease 4.50% (1 ) Upon adoption of the new lease standard, discount rates used for existing operating leases were established on January 1, 2019. Supplemental cash flow information related to leases is as follows: (In thousands, Unaudited) Six Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 1,928 Operating cash flows for finance lease $ 106 Financing cash flows for finance lease $ 263 The components of lease expense are as follows: (In thousands, Unaudited) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Lease Costs Statement of Operations Classification Operating leases: Operating leases Selling, General and Administrative Expenses $ 958 $ 1,918 Variable leases Selling, General and Administrative Expenses 171 355 Finance lease: Amortization of leased assets Depreciation and Amortization 39 79 Interest on lease liabilities Interest Expense, Net 52 106 Total lease costs $ 1,220 $ 2,458
Operating Lease, Liability, Maturity	Maturities of lease liabilities as of June 30, 2019 are summarized as follows: (In thousands, Unaudited) Operating Leases Financing Lease (1) Year Ending December 31, 2019 (excluding the six months ended June 30, 2019) $ 1,921 $ 317 2020 3,850 680 2021 3,719 652 2022 3,503 652 2023 2,478 652 Thereafter 32,152 2,499 Total future minimum lease payments 47,623 5,452 Less: Amount representing interest (28,610 ) (894 ) Present value of lease liabilities 19,013 4,558 Less: Current lease obligations (2,219 ) (493 ) Long-term lease obligations $ 16,794 $ 4,065 (1 ) The Company’s only material finance lease is at Rising Star Casino Resort for a 104-room hotel.
Finance Lease, Liability, Maturity	Maturities of lease liabilities as of June 30, 2019 are summarized as follows: (In thousands, Unaudited) Operating Leases Financing Lease (1) Year Ending December 31, 2019 (excluding the six months ended June 30, 2019) $ 1,921 $ 317 2020 3,850 680 2021 3,719 652 2022 3,503 652 2023 2,478 652 Thereafter 32,152 2,499 Total future minimum lease payments 47,623 5,452 Less: Amount representing interest (28,610 ) (894 ) Present value of lease liabilities 19,013 4,558 Less: Current lease obligations (2,219 ) (493 ) Long-term lease obligations $ 16,794 $ 4,065 (1 ) The Company’s only material finance lease is at Rising Star Casino Resort for a 104-room hotel.

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment, including finance lease assets, consists of the following: (In thousands) June 30, December 31, (Unaudited) Land and improvements $ 15,835 $ 15,786 Buildings and improvements 108,533 108,214 Furniture and equipment 44,776 43,740 Finance lease assets (see Note 3) 7,726 7,726 Construction in progress 8,193 6,864 185,063 182,330 Less: Accumulated depreciation (64,218 ) (60,254 ) $ 120,845 $ 122,076

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule of Long-Term Debt, Related Discounts and Issuance Costs	Long-term debt, related discounts and issuance costs consist of the following: (In thousands) June 30, December 31, 2018 (Unaudited) Senior Secured Notes $ 108,475 $ 99,000 Less: Unamortized discounts and debt issuance costs (4,389 ) (3,806 ) 104,086 95,194 Less: Current portion of long-term debt (1,100 ) (1,000 ) $ 102,986 $ 94,194
Debt Instrument Redemption	The Company may redeem all or a part of the Notes plus the premium as set forth below, plus accrued and applicable unpaid interest: Redemption Periods Percentage Premium On February 2, 2019 to February 1, 2020 2.0% On February 2, 2020 to February 1, 2021 1.5% On February 2, 2021 to February 1, 2022 0.5% On or after February 2, 2022 —%

EARNINGS (LOSS) PER SHARE AND_2

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The table below reconciles basic and diluted loss per share of common stock: (In thousands, unaudited) Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Numerator: Net loss – basic $ (1,010 ) $ (661 ) $ (2,627 ) $ (4,947 ) Adjustment for assumed conversion of warrants (141 ) — (101 ) (423 ) Net loss – diluted $ (1,151 ) $ (661 ) $ (2,728 ) $ (5,370 ) Denominator: Weighted-average common share equivalents – basic 26,969 26,922 26,955 25,077 Potential dilution from assumed conversion of warrants 217 — 232 499 Weighted-average common and common share equivalents – diluted 27,186 26,922 27,187 25,576 Anti-dilutive share-based awards and warrants excluded from the calculation of diluted loss per share 2,699 3,540 2,699 2,533

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Common Stock Options	The following table summarizes information related to the Company’s common stock options as of June 30, 2019 : Number of Stock Options Weighted Average Exercise Price Options outstanding at January 1, 2019 2,575,774 $ 1.67 Granted 176,900 2.20 Exercised (26,667 ) 1.70 Canceled/Forfeited (26,666 ) 2.01 Options outstanding at June 30, 2019 2,699,341 $ 1.70 Options exercisable at June 30, 2019 2,193,273 $ 1.54

SEGMENT REPORTING AND DISAGGR_2

SEGMENT REPORTING AND DISAGGREGATED REVENUE (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Schedule of Disaggregation of Revenue	The following tables present the Company’s segment information: (In thousands, unaudited) Three Months Ended June 30, 2019 Silver Slipper Casino and Hotel Rising Star Casino Resort Bronco Billy’s Casino and Hotel Northern Nevada Casinos Corporate Total Revenues Casino $ 11,636 $ 7,526 $ 5,563 $ 3,725 $ — $ 28,450 Food and beverage 5,515 1,800 1,051 497 — 8,863 Hotel 1,305 1,560 186 — — 3,051 Other operations 436 712 77 74 — 1,299 $ 18,892 $ 11,598 $ 6,877 $ 4,296 $ — $ 41,663 Net income (loss) $ 2,655 $ (41 ) $ 397 $ 245 $ (4,266 ) $ (1,010 ) Interest expense, net 5 52 — — 2,874 2,931 Adjustment to fair value of warrants — — — — (141 ) (141 ) Income tax provision 65 — 49 23 6 143 Operating income (loss) 2,725 11 446 268 (1,527 ) 1,923 Depreciation and amortization 869 593 434 149 38 2,083 Gain on sale or disposal of asset, net — — (4 ) — — (4 ) Project development and acquisition costs — — — — 142 142 Share-based compensation — — — — 107 107 Corporate — — — — 1,240 1,240 Adjusted Property EBITDA $ 3,594 $ 604 $ 876 $ 417 $ — $ 5,491 (In thousands, unaudited) Three Months Ended June 30, 2018 Silver Slipper Casino and Hotel Rising Star Casino Resort Bronco Billy’s Casino and Hotel Northern Nevada Casinos Corporate Total Revenues Casino $ 11,438 $ 7,974 $ 5,373 $ 3,847 $ — $ 28,632 Food and beverage 4,824 2,291 1,182 486 — 8,783 Hotel 835 1,586 161 — — 2,582 Other operations 395 677 79 79 — 1,230 $ 17,492 $ 12,528 $ 6,795 $ 4,412 $ — $ 41,227 Net income (loss) $ 2,302 $ 114 $ 762 $ 265 $ (4,104 ) $ (661 ) Interest expense, net 5 58 — — 2,403 2,466 Adjustment to fair value of warrants — — — — 80 80 Income tax provision 65 — 49 — 4 118 Operating income (loss) 2,372 172 811 265 (1,617 ) 2,003 Depreciation and amortization 811 603 377 208 39 2,038 Loss on sale or disposal of asset, net — 1 68 — — 69 Project development and acquisition costs — — — — 130 130 Share-based compensation — — — — 175 175 Corporate — — — — 1,273 1,273 Adjusted Property EBITDA $ 3,183 $ 776 $ 1,256 $ 473 $ — $ 5,688 (In thousands, unaudited) Six Months Ended June 30, 2019 Silver Slipper Casino and Hotel Rising Star Casino Resort Bronco Billy’s Casino and Hotel Northern Nevada Casinos Corporate Total Revenues Casino $ 24,015 $ 14,869 $ 10,806 $ 7,058 $ — $ 56,748 Food and beverage 10,886 3,613 2,025 997 — 17,521 Hotel 2,449 2,983 334 — — 5,766 Other operations 824 1,000 152 146 — 2,122 $ 38,174 $ 22,465 $ 13,317 $ 8,201 $ — $ 82,157 Net income (loss) $ 5,582 $ (298 ) $ 515 $ 60 $ (8,486 ) $ (2,627 ) Interest expense, net 12 106 — (1 ) 5,517 5,634 Adjustment to fair value of warrants — — — — (101 ) (101 ) Income tax provision 131 — 99 47 8 285 Operating income (loss) 5,725 (192 ) 614 106 (3,062 ) 3,191 Depreciation and amortization 1,716 1,199 881 302 76 4,174 Gain on sale or disposal of asset, net (1 ) — (4 ) — — (5 ) Project development and acquisition costs — — — — 275 275 Share-based compensation — — — — 193 193 Corporate — — — — 2,518 2,518 Adjusted Property EBITDA $ 7,440 $ 1,007 $ 1,491 $ 408 $ — $ 10,346 (In thousands, unaudited) Six Months Ended June 30, 2018 Silver Slipper Casino and Hotel Rising Star Casino Resort Bronco Billy’s Casino and Hotel Northern Nevada Casinos Corporate Total Revenues Casino $ 22,488 $ 15,499 $ 10,347 $ 7,268 $ — $ 55,602 Food and beverage 9,169 4,348 2,258 947 — 16,722 Hotel 1,612 2,974 279 — — 4,865 Other operations 732 934 153 150 — 1,969 $ 34,001 $ 23,755 $ 13,037 $ 8,365 $ — $ 79,158 Net income (loss) $ 4,294 $ (88 ) $ 944 $ 44 $ (10,141 ) $ (4,947 ) Interest expense, net 9 116 — — 4,881 5,006 Loss on extinguishment of debt — — — — 2,673 2,673 Adjustment to fair value of warrants — — — — (423 ) (423 ) Income tax provision 131 — 99 — 7 237 Operating income (loss) 4,434 28 1,043 44 (3,003 ) 2,546 Depreciation and amortization 1,631 1,232 849 416 78 4,206 Loss on sale or disposal of asset, net 1 9 69 — — 79 Project development and acquisition costs — — — — 167 167 Share-based compensation — — — — 407 407 Corporate — — — — 2,351 2,351 Adjusted Property EBITDA $ 6,066 $ 1,269 $ 1,961 $ 460 $ — $ 9,756
Schedule of Selected Statement of Operations Data	The following tables present the Company’s segment information: (In thousands, unaudited) Three Months Ended June 30, 2019 Silver Slipper Casino and Hotel Rising Star Casino Resort Bronco Billy’s Casino and Hotel Northern Nevada Casinos Corporate Total Revenues Casino $ 11,636 $ 7,526 $ 5,563 $ 3,725 $ — $ 28,450 Food and beverage 5,515 1,800 1,051 497 — 8,863 Hotel 1,305 1,560 186 — — 3,051 Other operations 436 712 77 74 — 1,299 $ 18,892 $ 11,598 $ 6,877 $ 4,296 $ — $ 41,663 Net income (loss) $ 2,655 $ (41 ) $ 397 $ 245 $ (4,266 ) $ (1,010 ) Interest expense, net 5 52 — — 2,874 2,931 Adjustment to fair value of warrants — — — — (141 ) (141 ) Income tax provision 65 — 49 23 6 143 Operating income (loss) 2,725 11 446 268 (1,527 ) 1,923 Depreciation and amortization 869 593 434 149 38 2,083 Gain on sale or disposal of asset, net — — (4 ) — — (4 ) Project development and acquisition costs — — — — 142 142 Share-based compensation — — — — 107 107 Corporate — — — — 1,240 1,240 Adjusted Property EBITDA $ 3,594 $ 604 $ 876 $ 417 $ — $ 5,491 (In thousands, unaudited) Three Months Ended June 30, 2018 Silver Slipper Casino and Hotel Rising Star Casino Resort Bronco Billy’s Casino and Hotel Northern Nevada Casinos Corporate Total Revenues Casino $ 11,438 $ 7,974 $ 5,373 $ 3,847 $ — $ 28,632 Food and beverage 4,824 2,291 1,182 486 — 8,783 Hotel 835 1,586 161 — — 2,582 Other operations 395 677 79 79 — 1,230 $ 17,492 $ 12,528 $ 6,795 $ 4,412 $ — $ 41,227 Net income (loss) $ 2,302 $ 114 $ 762 $ 265 $ (4,104 ) $ (661 ) Interest expense, net 5 58 — — 2,403 2,466 Adjustment to fair value of warrants — — — — 80 80 Income tax provision 65 — 49 — 4 118 Operating income (loss) 2,372 172 811 265 (1,617 ) 2,003 Depreciation and amortization 811 603 377 208 39 2,038 Loss on sale or disposal of asset, net — 1 68 — — 69 Project development and acquisition costs — — — — 130 130 Share-based compensation — — — — 175 175 Corporate — — — — 1,273 1,273 Adjusted Property EBITDA $ 3,183 $ 776 $ 1,256 $ 473 $ — $ 5,688 (In thousands, unaudited) Six Months Ended June 30, 2019 Silver Slipper Casino and Hotel Rising Star Casino Resort Bronco Billy’s Casino and Hotel Northern Nevada Casinos Corporate Total Revenues Casino $ 24,015 $ 14,869 $ 10,806 $ 7,058 $ — $ 56,748 Food and beverage 10,886 3,613 2,025 997 — 17,521 Hotel 2,449 2,983 334 — — 5,766 Other operations 824 1,000 152 146 — 2,122 $ 38,174 $ 22,465 $ 13,317 $ 8,201 $ — $ 82,157 Net income (loss) $ 5,582 $ (298 ) $ 515 $ 60 $ (8,486 ) $ (2,627 ) Interest expense, net 12 106 — (1 ) 5,517 5,634 Adjustment to fair value of warrants — — — — (101 ) (101 ) Income tax provision 131 — 99 47 8 285 Operating income (loss) 5,725 (192 ) 614 106 (3,062 ) 3,191 Depreciation and amortization 1,716 1,199 881 302 76 4,174 Gain on sale or disposal of asset, net (1 ) — (4 ) — — (5 ) Project development and acquisition costs — — — — 275 275 Share-based compensation — — — — 193 193 Corporate — — — — 2,518 2,518 Adjusted Property EBITDA $ 7,440 $ 1,007 $ 1,491 $ 408 $ — $ 10,346 (In thousands, unaudited) Six Months Ended June 30, 2018 Silver Slipper Casino and Hotel Rising Star Casino Resort Bronco Billy’s Casino and Hotel Northern Nevada Casinos Corporate Total Revenues Casino $ 22,488 $ 15,499 $ 10,347 $ 7,268 $ — $ 55,602 Food and beverage 9,169 4,348 2,258 947 — 16,722 Hotel 1,612 2,974 279 — — 4,865 Other operations 732 934 153 150 — 1,969 $ 34,001 $ 23,755 $ 13,037 $ 8,365 $ — $ 79,158 Net income (loss) $ 4,294 $ (88 ) $ 944 $ 44 $ (10,141 ) $ (4,947 ) Interest expense, net 9 116 — — 4,881 5,006 Loss on extinguishment of debt — — — — 2,673 2,673 Adjustment to fair value of warrants — — — — (423 ) (423 ) Income tax provision 131 — 99 — 7 237 Operating income (loss) 4,434 28 1,043 44 (3,003 ) 2,546 Depreciation and amortization 1,631 1,232 849 416 78 4,206 Loss on sale or disposal of asset, net 1 9 69 — — 79 Project development and acquisition costs — — — — 167 167 Share-based compensation — — — — 407 407 Corporate — — — — 2,351 2,351 Adjusted Property EBITDA $ 6,066 $ 1,269 $ 1,961 $ 460 $ — $ 9,756 (In thousands) June 30, December 31, (Unaudited) Total Assets Silver Slipper Casino and Hotel $ 87,526 $ 79,094 Rising Star Casino Resort 40,110 39,722 Bronco Billy’s Casino and Hotel 43,327 42,780 Northern Nevada Casinos 18,739 12,395 Corporate and Other 15,397 8,281 $ 205,099 $ 182,272

ORGANIZATION (Details)

ORGANIZATION (Details)	Jun. 30, 2019casino
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of casinos operated	5
Number of casinos owned	4
Number of casinos located within a hotel owned by a third party	1

BASIS OF PRESENTATION AND SIG_3

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Customer loyalty program liabilities	$ 1.5	$ 1.4

LEASES - Narrative (Details)

LEASES - Narrative (Details)	1 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2017USD ($)square_feet	Jun. 30, 2019USD ($)roomoptionlease	Dec. 31, 2004USD ($)a
Lessee, Lease, Description [Line Items]
Number of finance leases | lease		1
Grand Lodge Casino facility
Lessee, Lease, Description [Line Items]
Lease includes base payments		$ 166,667
Lessor acquisition price, EBITDA measurement period		12 months
Corporate Office Lease
Lessee, Lease, Description [Line Items]
Lease includes base payments	$ 200,000
Office lease, square feet | square_feet	4,479
Land lease | Land Lease Of Silver Slipper Casino Site
Lessee, Lease, Description [Line Items]
Lease includes base payments			$ 77,500
Percentage of gross gaming revenue			3.00%
Gross gaming revenue (in excess of)			$ 3,650,000
Cost to exercise purchase option			$ 15,500,000
Retained interest in percentages of net income			3.00%
Retained interest in percentages of net income, term			10 years
New purchase price if change in ownership of Silver Slipper			$ 17,100,000
Value of option to purchase four acre portion of land			$ 2,000,000
Land lease | Land Lease Of Silver Slipper Casino Site | Marshland
Lessee, Lease, Description [Line Items]
Area of land subject to ground lease | a			31
Land lease | Land Lease Of Silver Slipper Casino Site | Parcel
Lessee, Lease, Description [Line Items]
Area of land subject to ground lease | a			7
Land in purchase option (in acres) | a			4
Total leased land | a			38
Certain parking lots and buildings | Bronco Billy’s Casino and Hotel
Lessee, Lease, Description [Line Items]
Cost to exercise purchase option		$ 7,600,000
Number of original renewal options | option		6
Lease extension term		3 years
Certain parking lots and buildings | Lease Terms, Option One | Bronco Billy’s Casino and Hotel
Lessee, Lease, Description [Line Items]
Lease includes base payments		$ 25,000
Certain parking lots and buildings | Lease Terms, Option Two | Bronco Billy’s Casino and Hotel
Lessee, Lease, Description [Line Items]
Lease includes base payments		30,000
Certain parking lots and buildings | Lease Terms, Second Renewal Option | Bronco Billy’s Casino and Hotel
Lessee, Lease, Description [Line Items]
Lease includes base payments		32,500
Land, buildings and improvements | Various Buildings And Land In Cripple Creak, Colorado
Lessee, Lease, Description [Line Items]
Cost to exercise purchase option		2,500,000
Annual increase to purchase price option		100,000
Maximum purchase price on purchase option		$ 2,800,000
Land, buildings and improvements | Lease Terms, Option One | Various Buildings And Land In Cripple Creak, Colorado
Lessee, Lease, Description [Line Items]
Term of contract if exercised		3 years
Annual lease payments		$ 200,000
Land, buildings and improvements | Lease Terms, Option Two | Various Buildings And Land In Cripple Creak, Colorado
Lessee, Lease, Description [Line Items]
Lease extension term		2 years
Annual lease payments		$ 300,000
Rising Star Casino Resort | Rising Sun/Ohio County First, Inc
Lessee, Lease, Description [Line Items]
Number of hotel rooms | room		104
Project actual cost		$ 7,700,000
Lease purchase option, remaining net price		4,600,000
Option price at lease maturity		$ 1
Minimum
Lessee, Lease, Description [Line Items]
Lease terms		1 month
Maximum
Lessee, Lease, Description [Line Items]
Lease terms		39 years

LEASES - Balance Sheet Details

LEASES - Balance Sheet Details (Details) - USD ($) $ in Thousands		Jun. 30, 2019	Dec. 31, 2018
Leases [Abstract]
Operating lease assets	[1]	$ 18,769
Finance lease assets		5,115
Total lease assets		23,884
Current operating lease liability		2,219
Current finance lease liability		493
Noncurrent operating lease liability	[1]	16,794	$ 166
Noncurrent finance lease liability		4,065
Total lease liabilities		23,571
Finance lease, right-of-use asset, accumulated depreciation		$ 2,600
[1]	On January 1, 2019, the Company adopted Accounting Standards Codification 842 (“ASC 842”), using the modified retrospective transition method under the effective date approach, which impacts the comparability of these line items.

LEASES - Lease Expense (Details

LEASES - Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Operating leases	$ 958	$ 1,918
Variable leases	171	355
Amortization of leased assets	39	79
Interest on lease liabilities	52	106
Total lease costs	$ 1,220	$ 2,458

LEASES - Maturities of Lease Li

LEASES - Maturities of Lease Liabilities (Details) $ in Thousands		Jun. 30, 2019USD ($)room	Dec. 31, 2018USD ($)
Operating Leases
2019 (excluding the six months ended June 30, 2019)		$ 1,921
2020		3,850
2021		3,719
2022		3,503
2023		2,478
Thereafter		32,152
Total future minimum lease payments		47,623
Less: Amount representing interest		(28,610)
Present value of lease liabilities		19,013
Current operating lease liability		(2,219)
Noncurrent operating lease liability	[1]	16,794	$ 166
Financing Lease
2019 (excluding the six months ended June 30, 2019)		317
2020		680
2021		652
2022		652
2023		652
Thereafter		2,499
Total future minimum lease payments		5,452
Less: Amount representing interest		(894)
Present value of lease liabilities		4,558
Current finance lease liability		(493)
Noncurrent finance lease liability		$ 4,065
Rising Star Casino Resort | Rising Sun/Ohio County First, Inc
Lessee, Lease, Description [Line Items]
Number of hotel rooms | room		104
[1]	On January 1, 2019, the Company adopted Accounting Standards Codification 842 (“ASC 842”), using the modified retrospective transition method under the effective date approach, which impacts the comparability of these line items.

LEASES - Lease Term and Discoun

LEASES - Lease Term and Discount Rate (Details)	Jun. 30, 2019
Leases [Abstract]
Weighted-average remaining lease term, operating leases	21 years 1 month 6 days
Weighted-average remaining lease term, finance leases	8 years 3 months
Weighted-average discount rate, operating leases	9.42%
Weighted-average discount rate, finance leases	4.50%

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$ 1,928
Operating cash flows for finance lease	106
Financing cash flows for finance lease	$ 263

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 185,063	$ 182,330
Less: Accumulated depreciation	(64,218)	(60,254)
Property and equipment, net of accumulated depreciation and amortization	120,845	122,076
Land and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	15,835	15,786
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	108,533	108,214
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	44,776	43,740
Finance lease assets
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,726	7,726
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 8,193	$ 6,864

LONG-TERM DEBT - Long-Term Debt

LONG-TERM DEBT - Long-Term Debt (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018	Feb. 02, 2018
Debt Instrument [Line Items]
Unamortized discounts and debt issuance costs	$ (4,389,000)	$ (3,806,000)
Long-term debt, net	104,086,000	95,194,000
Current portion of long-term debt	(1,100,000)	(1,000,000)
Long-term debt, net of current portion, unamortized discount and issuance costs	102,986,000	94,194,000
Senior Secured Notes Due 2024 | Senior Secured Notes
Debt Instrument [Line Items]
Outstanding principal	$ 108,475,000	$ 99,000,000	$ 100,000,000

LONG-TERM DEBT - Senior Secured

LONG-TERM DEBT - Senior Secured Notes Narrative (Details) - Senior Secured Notes Due 2024 - Senior Secured Notes - USD ($)	Feb. 02, 2018	Jun. 30, 2019	Mar. 31, 2019	May 10, 2019	Dec. 31, 2018
Line of Credit Facility [Line Items]
Face amount of senior secured notes				$ 10,000,000
Issue price, percentage	99.01%
Discount percentage	0.99%
Outstanding principal	$ 100,000,000	$ 108,475,000			$ 99,000,000
Periodic payment of principal	275,000	$ 275,000	$ 250,000
Balloon payment to be paid	$ 103,525,000
LIBOR
Line of Credit Facility [Line Items]
Variable rate floor	1.00%
Applicable margin rate	7.00%

LONG-TERM DEBT - Redemption of

LONG-TERM DEBT - Redemption of Senior Secured Notes (Details) - Senior Secured Notes - Senior Secured Notes Due 2024	6 Months Ended
	Jun. 30, 2019
On February 2, 2019 to February 1, 2020
Line of Credit Facility [Line Items]
Percentage Premium	2.00%
On February 2, 2020 to February 1, 2021
Line of Credit Facility [Line Items]
Percentage Premium	1.50%
On February 2, 2021 to February 1, 2022
Line of Credit Facility [Line Items]
Percentage Premium	0.50%
On or after February 2, 2022
Line of Credit Facility [Line Items]
Percentage Premium	0.00%

LONG-TERM DEBT - Interest Rate

LONG-TERM DEBT - Interest Rate Cap Agreement Narrative (Details)	1 Months Ended
	Apr. 30, 2018USD ($)
Debt Disclosure [Abstract]
Notional amount	$ 50,000,000
Cap interest rate	3.00%
Derivative term	3 months

LONG-TERM DEBT - Covenants (Det

LONG-TERM DEBT - Covenants (Details) - Senior Secured Notes Due 2024 - Senior Secured Notes	Jun. 30, 2019USD ($)
Line of Credit Facility [Line Items]
Cash and cash equivalents, allowed to deduct from adjusted EBITDA to debt ratio	$ 15,000,000
December 31, 2019
Line of Credit Facility [Line Items]
Total leverage covenant ratio	6

COMMON STOCK WARRANT LIABILITY

COMMON STOCK WARRANT LIABILITY (Details) - Second Lien Term Loan - Warrant to Purchase Common Equity	May 13, 2016$ / sharesshares	Jun. 30, 2019
Line of Credit
Class of Warrant or Right [Line Items]
Warrants issued (in shares) | shares	1,006,568
Warrant exercise price (in dollars per share) | $ / shares	$ 1.67
Period for measuring repurchase value	21 days
Expected contractual term		6 years 10 months 13 days
Unsecured Debt
Class of Warrant or Right [Line Items]
Term of unsecured note	4 years
Minimum | Unsecured Debt
Class of Warrant or Right [Line Items]
Interest rate on unsecured note	13.25%
Measurement Input, Price Volatility | Line of Credit
Class of Warrant or Right [Line Items]
Expected stock rate		0.4465
Measurement Input, Expected Dividend Rate | Line of Credit
Class of Warrant or Right [Line Items]
Expected stock rate		0
Measurement Input, Risk Free Interest Rate | Line of Credit
Class of Warrant or Right [Line Items]
Expected stock rate		0.0187

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Effective income tax rate	(16.50%)	(21.70%)	(12.20%)	(5.00%)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - La Posada del Llano Racetrack	1 Months Ended
	Jul. 31, 2019USD ($)	Jul. 31, 2018USD ($)a
Commitments and Contingencies [Line Items]
Cost to purchase options		$ 125,000
Land in purchase option (in acres) | a		520
Option To Purchase, Option One
Commitments and Contingencies [Line Items]
Cost to purchase options		$ 75,000
Land in purchase option (in acres) | a		200
Period following granting of license award		60 days
Option To Purchase, Option Two
Commitments and Contingencies [Line Items]
Cost to purchase options		$ 50,000
Land in purchase option (in acres) | a		320
Period following granting of license award		60 days
Subsequent Event
Commitments and Contingencies [Line Items]
Payment to renew options	$ 125,000
Subsequent Event | Option To Purchase, Option One
Commitments and Contingencies [Line Items]
Extension period (in years)	1 year
Extension option costs	$ 75,000
Subsequent Event | Option To Purchase, Option One Extension
Commitments and Contingencies [Line Items]
Extension period (in years)	1 year
Extension option costs	$ 75,000
Cost to exercise purchase option	$ 1,400,000
Subsequent Event | Option To Purchase, Option Two Extension
Commitments and Contingencies [Line Items]
Extension period (in years)	1 year
Extension option costs	$ 50,000
Cost to exercise purchase option	$ 1,600,000

EARNINGS (LOSS) PER SHARE AND_3

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY - Reconciliation of Earnings Per Share (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Numerator:
Net loss – basic	$ (1,010)	$ (661)	$ (2,627)	$ (4,947)
Adjustment for assumed conversion of warrants	(141)	0	(101)	(423)
Net loss – diluted	$ (1,151)	$ (661)	$ (2,728)	$ (5,370)
Denominator:
Weighted-average common share equivalents - basic (in shares)	26,969	26,922	26,955	25,077
Potential dilution from assumed conversion of warrants (in shares)	217	0	232	499
Weighted-average common and common share equivalents - diluted (in shares)	27,186	26,922	27,187	25,576
Anti-dilutive share-based awards and warrants excluded from the calculation of diluted loss per share (in shares)	2,699	3,540	2,699	2,533

SHARE-BASED COMPENSATION - Narr

SHARE-BASED COMPENSATION - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	May 31, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 107	$ 175	$ 193	$ 407
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost		$ 400		$ 400
Weighted-average period of unrecognized compensation cost expected to be recognized				1 year 11 months 1 day
2015 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)		703,635		703,635
2015 Equity Incentive Plan | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued (in shares)	21,524
Transfer restriction period (in years)	1 year

SHARE-BASED COMPENSATION - Summ

SHARE-BASED COMPENSATION - Summarizes information related to our common stock options (Details) - Stock options	6 Months Ended
	Jun. 30, 2019$ / sharesshares
Number of Stock Options
Options outstanding, beginning balance (in shares) | shares	2,575,774
Granted (in shares) | shares	176,900
Exercised (in shares) | shares	(26,667)
Canceled/Forfeited (in shares) | shares	(26,666)
Options outstanding, ending balance (in shares) | shares	2,699,341
Options exercisable (in shares) | shares	2,193,273
Weighted Average Exercise Price
Weighted average exercise price, Options outstanding (in dollars per share) | $ / shares	$ 1.67
Granted (in dollars per share) | $ / shares	2.20
Exercised (in dollars per share) | $ / shares	1.70
Canceled/Forfeited (in dollars per share) | $ / shares	2.01
Weighted average exercise price, Options outstanding (in dollars per share) | $ / shares	1.70
Weighted average exercise price, Options exercisable (in dollars per share) | $ / shares	$ 1.54

SEGMENT REPORTING AND DISAGGR_3

SEGMENT REPORTING AND DISAGGREGATED REVENUE - Selected Statement of Operations Data (Details) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Jun. 30, 2019USD ($)segment	Jun. 30, 2018USD ($)
Segment Reporting [Abstract]
Number of segments | segment					4
Segment Reporting Information [Line Items]
Net Revenues	$ 41,663		$ 41,227		$ 82,157	$ 79,158
Other (expense) income:
Net loss	(1,010)	$ (1,617)	(661)	$ (4,286)	(2,627)	(4,947)
Interest expense, net	2,931		2,466		5,634	5,006
Loss on extinguishment of debt	0		0		0	2,673
Adjustment to fair value of warrants	(141)		80		(101)	(423)
Income tax provision	143		118		285	237
Operating income	1,923		2,003		3,191	2,546
Depreciation and amortization	2,083		2,038		4,174	4,206
(Gain) loss on sale or disposal of assets, net	(4)		69		(5)	79
Project development and acquisition costs	142		130		275	167
Stock-based compensation	107		175		193	407
Corporate	1,240		1,273		2,518	2,351
Adjusted Property EBITDA	5,491		5,688		10,346	9,756
Silver Slipper Casino and Hotel
Segment Reporting Information [Line Items]
Net Revenues	18,892		17,492		38,174	34,001
Other (expense) income:
Net loss	2,655		2,302		5,582	4,294
Interest expense, net	5		5		12	9
Loss on extinguishment of debt						0
Adjustment to fair value of warrants	0		0		0	0
Income tax provision	65		65		131	131
Operating income	2,725		2,372		5,725	4,434
Depreciation and amortization	869		811		1,716	1,631
(Gain) loss on sale or disposal of assets, net	0		0		(1)	1
Project development and acquisition costs	0		0		0	0
Stock-based compensation	0		0		0	0
Corporate	0		0		0	0
Adjusted Property EBITDA	3,594		3,183		7,440	6,066
Rising Star Casino Resort
Segment Reporting Information [Line Items]
Net Revenues	11,598		12,528		22,465	23,755
Other (expense) income:
Net loss	(41)		114		(298)	(88)
Interest expense, net	52		58		106	116
Loss on extinguishment of debt						0
Adjustment to fair value of warrants	0		0		0	0
Income tax provision	0		0		0	0
Operating income	11		172		(192)	28
Depreciation and amortization	593		603		1,199	1,232
(Gain) loss on sale or disposal of assets, net	0		1		0	9
Project development and acquisition costs	0		0		0	0
Stock-based compensation	0		0		0	0
Corporate	0		0		0	0
Adjusted Property EBITDA	604		776		1,007	1,269
Bronco Billy’s Casino and Hotel
Segment Reporting Information [Line Items]
Net Revenues	6,877		6,795		13,317	13,037
Other (expense) income:
Net loss	397		762		515	944
Interest expense, net	0		0		0	0
Loss on extinguishment of debt						0
Adjustment to fair value of warrants	0		0		0	0
Income tax provision	49		49		99	99
Operating income	446		811		614	1,043
Depreciation and amortization	434		377		881	849
(Gain) loss on sale or disposal of assets, net	(4)		68		(4)	69
Project development and acquisition costs	0		0		0	0
Stock-based compensation	0		0		0	0
Corporate	0		0		0	0
Adjusted Property EBITDA	876		1,256		1,491	1,961
Northern Nevada Casinos
Segment Reporting Information [Line Items]
Net Revenues	4,296		4,412		8,201	8,365
Other (expense) income:
Net loss	245		265		60	44
Interest expense, net	0		0		(1)	0
Loss on extinguishment of debt						0
Adjustment to fair value of warrants	0		0		0	0
Income tax provision	23		0		47	0
Operating income	268		265		106	44
Depreciation and amortization	149		208		302	416
(Gain) loss on sale or disposal of assets, net	0		0		0	0
Project development and acquisition costs	0		0		0	0
Stock-based compensation	0		0		0	0
Corporate	0		0		0	0
Adjusted Property EBITDA	417		473		408	460
Corporate
Segment Reporting Information [Line Items]
Net Revenues	0		0		0	0
Other (expense) income:
Net loss	(4,266)		(4,104)		(8,486)	(10,141)
Interest expense, net	2,874		2,403		5,517	4,881
Loss on extinguishment of debt						2,673
Adjustment to fair value of warrants	(141)		80		(101)	(423)
Income tax provision	6		4		8	7
Operating income	(1,527)		(1,617)		(3,062)	(3,003)
Depreciation and amortization	38		39		76	78
(Gain) loss on sale or disposal of assets, net	0		0		0	0
Project development and acquisition costs	142		130		275	167
Stock-based compensation	107		175		193	407
Corporate	1,240		1,273		2,518	2,351
Adjusted Property EBITDA	0		0		0	0
Casino
Segment Reporting Information [Line Items]
Net Revenues	28,450		28,632		56,748	55,602
Casino | Silver Slipper Casino and Hotel
Segment Reporting Information [Line Items]
Net Revenues	11,636		11,438		24,015	22,488
Casino | Rising Star Casino Resort
Segment Reporting Information [Line Items]
Net Revenues	7,526		7,974		14,869	15,499
Casino | Bronco Billy’s Casino and Hotel
Segment Reporting Information [Line Items]
Net Revenues	5,563		5,373		10,806	10,347
Casino | Northern Nevada Casinos
Segment Reporting Information [Line Items]
Net Revenues	3,725		3,847		7,058	7,268
Casino | Corporate
Segment Reporting Information [Line Items]
Net Revenues	0		0		0	0
Food and beverage
Segment Reporting Information [Line Items]
Net Revenues	8,863		8,783		17,521	16,722
Food and beverage | Silver Slipper Casino and Hotel
Segment Reporting Information [Line Items]
Net Revenues	5,515		4,824		10,886	9,169
Food and beverage | Rising Star Casino Resort
Segment Reporting Information [Line Items]
Net Revenues	1,800		2,291		3,613	4,348
Food and beverage | Bronco Billy’s Casino and Hotel
Segment Reporting Information [Line Items]
Net Revenues	1,051		1,182		2,025	2,258
Food and beverage | Northern Nevada Casinos
Segment Reporting Information [Line Items]
Net Revenues	497		486		997	947
Food and beverage | Corporate
Segment Reporting Information [Line Items]
Net Revenues	0		0		0	0
Hotel products and services
Segment Reporting Information [Line Items]
Net Revenues	3,051		2,582		5,766	4,865
Hotel products and services | Silver Slipper Casino and Hotel
Segment Reporting Information [Line Items]
Net Revenues	1,305		835		2,449	1,612
Hotel products and services | Rising Star Casino Resort
Segment Reporting Information [Line Items]
Net Revenues	1,560		1,586		2,983	2,974
Hotel products and services | Bronco Billy’s Casino and Hotel
Segment Reporting Information [Line Items]
Net Revenues	186		161		334	279
Hotel products and services | Northern Nevada Casinos
Segment Reporting Information [Line Items]
Net Revenues	0		0		0	0
Hotel products and services | Corporate
Segment Reporting Information [Line Items]
Net Revenues	0		0		0	0
Other operations
Segment Reporting Information [Line Items]
Net Revenues	1,299		1,230		2,122	1,969
Other operations | Silver Slipper Casino and Hotel
Segment Reporting Information [Line Items]
Net Revenues	436		395		824	732
Other operations | Rising Star Casino Resort
Segment Reporting Information [Line Items]
Net Revenues	712		677		1,000	934
Other operations | Bronco Billy’s Casino and Hotel
Segment Reporting Information [Line Items]
Net Revenues	77		79		152	153
Other operations | Northern Nevada Casinos
Segment Reporting Information [Line Items]
Net Revenues	74		79		146	150
Other operations | Corporate
Segment Reporting Information [Line Items]
Net Revenues	$ 0		$ 0		$ 0	$ 0

SEGMENT REPORTING AND DISAGGR_4

SEGMENT REPORTING AND DISAGGREGATED REVENUE - Disaggregation of revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Net revenues	$ 41,663	$ 41,227	$ 82,157	$ 79,158
Casino
Disaggregation of Revenue [Line Items]
Net revenues	28,450	28,632	56,748	55,602
Food and beverage
Disaggregation of Revenue [Line Items]
Net revenues	8,863	8,783	17,521	16,722
Hotel products and services
Disaggregation of Revenue [Line Items]
Net revenues	3,051	2,582	5,766	4,865
Other operations
Disaggregation of Revenue [Line Items]
Net revenues	1,299	1,230	2,122	1,969
Silver Slipper Casino and Hotel
Disaggregation of Revenue [Line Items]
Net revenues	18,892	17,492	38,174	34,001
Silver Slipper Casino and Hotel | Casino
Disaggregation of Revenue [Line Items]
Net revenues	11,636	11,438	24,015	22,488
Silver Slipper Casino and Hotel | Food and beverage
Disaggregation of Revenue [Line Items]
Net revenues	5,515	4,824	10,886	9,169
Silver Slipper Casino and Hotel | Hotel products and services
Disaggregation of Revenue [Line Items]
Net revenues	1,305	835	2,449	1,612
Silver Slipper Casino and Hotel | Other operations
Disaggregation of Revenue [Line Items]
Net revenues	436	395	824	732
Rising Star Casino Resort
Disaggregation of Revenue [Line Items]
Net revenues	11,598	12,528	22,465	23,755
Rising Star Casino Resort | Casino
Disaggregation of Revenue [Line Items]
Net revenues	7,526	7,974	14,869	15,499
Rising Star Casino Resort | Food and beverage
Disaggregation of Revenue [Line Items]
Net revenues	1,800	2,291	3,613	4,348
Rising Star Casino Resort | Hotel products and services
Disaggregation of Revenue [Line Items]
Net revenues	1,560	1,586	2,983	2,974
Rising Star Casino Resort | Other operations
Disaggregation of Revenue [Line Items]
Net revenues	712	677	1,000	934
Bronco Billy’s Casino and Hotel
Disaggregation of Revenue [Line Items]
Net revenues	6,877	6,795	13,317	13,037
Bronco Billy’s Casino and Hotel | Casino
Disaggregation of Revenue [Line Items]
Net revenues	5,563	5,373	10,806	10,347
Bronco Billy’s Casino and Hotel | Food and beverage
Disaggregation of Revenue [Line Items]
Net revenues	1,051	1,182	2,025	2,258
Bronco Billy’s Casino and Hotel | Hotel products and services
Disaggregation of Revenue [Line Items]
Net revenues	186	161	334	279
Bronco Billy’s Casino and Hotel | Other operations
Disaggregation of Revenue [Line Items]
Net revenues	77	79	152	153
Northern Nevada Casinos
Disaggregation of Revenue [Line Items]
Net revenues	4,296	4,412	8,201	8,365
Northern Nevada Casinos | Casino
Disaggregation of Revenue [Line Items]
Net revenues	3,725	3,847	7,058	7,268
Northern Nevada Casinos | Food and beverage
Disaggregation of Revenue [Line Items]
Net revenues	497	486	997	947
Northern Nevada Casinos | Hotel products and services
Disaggregation of Revenue [Line Items]
Net revenues	0	0	0	0
Northern Nevada Casinos | Other operations
Disaggregation of Revenue [Line Items]
Net revenues	$ 74	$ 79	$ 146	$ 150

SEGMENT REPORTING AND DISAGGR_5

SEGMENT REPORTING AND DISAGGREGATED REVENUE - Selected Balance Sheet Data (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total Assets	$ 205,099	$ 182,272
Operating Segments | Silver Slipper Casino and Hotel
Segment Reporting Information [Line Items]
Total Assets	87,526	79,094
Operating Segments | Rising Star Casino Resort
Segment Reporting Information [Line Items]
Total Assets	40,110	39,722
Operating Segments | Bronco Billy’s Casino and Hotel
Segment Reporting Information [Line Items]
Total Assets	43,327	42,780
Operating Segments | Northern Nevada Casinos
Segment Reporting Information [Line Items]
Total Assets	18,739	12,395
Corporate and Other
Segment Reporting Information [Line Items]
Total Assets	$ 15,397	$ 8,281