Full House Resorts (FLL) 10-Q 12 Nov 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Nov. 08, 2021
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	1-32583
Entity Registrant Name	FULL HOUSE RESORTS INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3391527
Entity Address, Address Line One	One Summerlin, 1980 Festival Plaza Drive, Suite 680
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89135
City Area Code	702
Local Phone Number	221-7800
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	FLL
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		34,227,493
Amendment Flag	false
Entity Central Index Key	0000891482
Document Fiscal Year End	2021
Document Fiscal Period Focus	Q3

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenues
Net revenues	$ 47,238	$ 41,956	$ 136,888	$ 87,320
Operating costs and expenses
Selling, general and administrative	14,791	12,555	43,211	35,332
Project development costs	318	108	491	423
Preopening costs	17		17
Depreciation and amortization	1,819	1,848	5,448	5,868
Loss on disposal of assets, net	2		674	439
Total operating costs and expenses	36,119	31,547	104,869	84,505
Operating income	11,119	10,409	32,019	2,815
Other (expense) income
Interest expense, net of $509 and $208 capitalized for the three-months ended September 30, 2021 and 2020, and $1,017 and $639 capitalized for the nine-months ended September 30, 2021 and 2020	(6,405)	(2,391)	(17,531)	(7,329)
Loss on extinguishment of debt			(6,104)	0
Adjustment to fair value of warrants		(403)	(1,347)	1,159
Total other (expense) income	(6,405)	(2,794)	(24,982)	(6,170)
Income (loss) before income taxes	4,714	7,615	7,037	(3,355)
Income tax provision (benefit)	95	(93)	379	(2)
Net income (loss)	$ 4,619	$ 7,708	$ 6,658	$ (3,353)
Basic earnings (loss) per share (in dollars per share)	$ 0.13	$ 0.28	$ 0.21	$ (0.12)
Diluted earnings (loss) per share (in dollars per share)	$ 0.13	$ 0.28	$ 0.19	$ (0.17)
Casino
Revenues
Net revenues	$ 32,506	$ 31,910	$ 99,217	$ 63,616
Operating costs and expenses
Costs and expenses	11,261	10,125	32,687	23,886
Food and beverage
Revenues
Net revenues	7,092	5,612	20,633	14,596
Operating costs and expenses
Costs and expenses	6,199	5,234	17,487	14,453
Hotel
Revenues
Net revenues	2,469	2,511	7,190	5,204
Operating costs and expenses
Costs and expenses	1,136	1,113	3,332	2,663
Other operations, including online/mobile sports operations
Revenues
Net revenues	5,171	1,923	9,848	3,904
Operating costs and expenses
Costs and expenses	$ 576	$ 564	$ 1,522	$ 1,441

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
CONSOLIDATED STATEMENT OF OPERATIONS
Interest costs capitalized	$ 509	$ 208	$ 1,017	$ 639

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Current assets
Cash and equivalents	$ 97,926	$ 37,698
Restricted cash	176,572
Accounts receivable, net	4,544	4,904
Inventories	2,139	1,511
Prepaid expenses and other	5,062	2,461
Total current assets	286,243	46,574
Other long-term assets
Property and equipment, net	134,244	115,772
Operating lease right-of-use assets, net	16,619	17,361
Goodwill	21,286	21,286
Other intangible assets, net	10,904	10,963
Deposits and other	796	660
Total Assets	470,092	212,616
Current liabilities
Accounts payable	10,391	4,191
Accrued payroll and related	5,497	2,397
Accrued interest	3,386	38
Other accrued liabilities	9,320	10,772
Current portion of operating lease obligations	3,492	3,283
Current portion of finance lease obligation	508	491
Current portion of long-term debt	1,546	426
Common stock warrant liability		2,653
Total current liabilities	34,140	24,251
Operating lease obligations, net of current portion	13,813	14,914
Finance lease obligation, net of current portion	2,914	3,298
Long-term debt, net	305,329	106,832
Deferred income taxes, net	999	620
Contract liabilities, net of current portion	4,948	5,398
Other long-term liabilities	626	626
Total liabilities	362,769	155,939
Commitments and contingencies (Note 8)
Stockholders' equity
Common stock, $0.0001 par value, 100,000,000 shares authorized; 35,302,549 and 28,385,299 shares issued and 34,227,493 and 27,124,292 shares outstanding	4	3
Additional paid-in capital	108,586	64,826
Treasury stock, 1,075,056 and 1,261,007 common shares	(1,311)	(1,538)
Retained earnings (accumulated deficit)	44	(6,614)
Total stockholders' equity	107,323	56,677
Total liabilities and stockholders' equity	$ 470,092	$ 212,616

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
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)	35,302,549	28,385,299
Common stock, shares outstanding (in shares)	34,227,493	27,124,292
Treasury stock, common shares (in shares)	1,075,056	1,261,007

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock	Additional Paid-in Capital	Treasury Stock	Accumulated Deficit/Retained Earnings	Total
Balance at Dec. 31, 2019	$ 3	$ 64,402	$ (1,548)	$ (6,761)	$ 56,096
Balance (in shares) at Dec. 31, 2019	28,346		1,270
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		83			83
Net income (loss)				(4,358)	(4,358)
Balance at Mar. 31, 2020	$ 3	64,485	$ (1,548)	(11,119)	51,821
Balance (in shares) at Mar. 31, 2020	28,346		1,270
Balance at Dec. 31, 2019	$ 3	64,402	$ (1,548)	(6,761)	56,096
Balance (in shares) at Dec. 31, 2019	28,346		1,270
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)					(3,353)
Balance at Sep. 30, 2020	$ 3	64,709	$ (1,548)	(10,114)	53,050
Balance (in shares) at Sep. 30, 2020	28,375		1,270
Balance at Mar. 31, 2020	$ 3	64,485	$ (1,548)	(11,119)	51,821
Balance (in shares) at Mar. 31, 2020	28,346		1,270
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock grants		24			24
Stock grants (in shares)	13
Stock-based compensation		79			79
Net income (loss)				(6,703)	(6,703)
Balance at Jun. 30, 2020	$ 3	64,588	$ (1,548)	(17,822)	45,221
Balance (in shares) at Jun. 30, 2020	28,359		1,270
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock grants		24			24
Stock grants (in shares)	16
Stock-based compensation		97			97
Net income (loss)				7,708	7,708
Balance at Sep. 30, 2020	$ 3	64,709	$ (1,548)	(10,114)	53,050
Balance (in shares) at Sep. 30, 2020	28,375		1,270
Balance at Dec. 31, 2020	$ 3	64,826	$ (1,538)	(6,614)	56,677
Balance (in shares) at Dec. 31, 2020	28,385		1,261
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options		36	$ 42		78
Exercise of stock options (in shares)			(34)
Equity offering, net	$ 1	42,973			42,974
Equity offering, net (in shares)	6,917
Stock-based compensation		124			124
Net income (loss)				(3,445)	(3,445)
Balance at Mar. 31, 2021	$ 4	107,959	$ (1,496)	(10,059)	96,408
Balance (in shares) at Mar. 31, 2021	35,302		1,227
Balance at Dec. 31, 2020	$ 3	64,826	$ (1,538)	(6,614)	56,677
Balance (in shares) at Dec. 31, 2020	28,385		1,261
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)					6,658
Balance at Sep. 30, 2021	$ 4	108,586	$ (1,311)	44	107,323
Balance (in shares) at Sep. 30, 2021	35,302		1,075
Balance at Mar. 31, 2021	$ 4	107,959	$ (1,496)	(10,059)	96,408
Balance (in shares) at Mar. 31, 2021	35,302		1,227
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options		104	$ 185		289
Exercise of stock options (in shares)			(152)
Stock-based compensation		199			199
Net income (loss)				5,484	5,484
Balance at Jun. 30, 2021	$ 4	108,262	$ (1,311)	(4,575)	102,380
Balance (in shares) at Jun. 30, 2021	35,302		1,075
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		324			324
Net income (loss)				4,619	4,619
Balance at Sep. 30, 2021	$ 4	$ 108,586	$ (1,311)	$ 44	$ 107,323
Balance (in shares) at Sep. 30, 2021	35,302		1,075

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net income (loss)	$ 6,658	$ (3,353)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	5,448	5,868
Amortization of debt issuance and warrant costs and other	991	827
Stock-based compensation	647	307
Change in fair value of stock warrants	1,347	(1,159)
Loss on disposal of assets, net	674	439
Proceeds from insurance related to property damage	1,334	0
Loss on extinguishment of debt	6,104	0
Increases and decreases in operating assets and liabilities:
Accounts receivable	360	306
Prepaid expenses, inventories and other	(3,229)	1,533
Deferred taxes	379	(2)
Common stock warrant liability	(4,000)	0
Contract liabilities	(600)	(109)
Accounts payable and accrued expenses	3,188	(1,732)
Net cash provided by operating activities	19,301	2,925
Cash flows from investing activities:
Purchase of property and equipment	(17,828)	(1,883)
Other	(164)	11
Net cash used in investing activities	(17,992)	(1,872)
Cash flows from financing activities:
Proceeds from Senior Secured Notes due 2028 borrowings	310,000	0
Proceeds from equity offering, net of issuance costs	42,974	0
Proceeds from CARES Act unsecured loans	0	5,606
Payment of debt discount and issuance costs	(9,421)	(1,284)
Repayment of Senior Secured Notes due 2024	(106,825)	(825)
Prepayment premiums of Senior Secured Notes due 2024	(1,261)	0
Repayment of finance lease obligation	(367)	(369)
Proceeds from exercise of stock options	367	0
Other	24	0
Net cash provided by financing activities	235,491	3,128
Net increase in cash, cash equivalents and restricted cash	236,800	4,181
Cash, cash equivalents and restricted cash, beginning of period	37,698	29,851
Cash, cash equivalents and restricted cash, end of period	274,498	34,032
Supplemental Cash Flow Information:
Cash paid for interest, net of amounts capitalized	13,180	6,324
Non-Cash Investing Activities:
Accounts payable related capital expenditures	$ 7,031	$ 265

ORGANIZATION

ORGANIZATION	9 Months Ended
	Sep. 30, 2021
ORGANIZATION
ORGANIZATION	1. ORGANIZATION Organization. The Company currently operates five casinos: four on real estate that we own or lease and one located within a hotel owned by a third party. Construction continues for a sixth property, Chamonix Casino Hotel (“Chamonix”), adjacent to the Company’s existing Bronco Billy’s Casino and Hotel in Cripple Creek, Colorado. We also benefit from six permitted sports wagering “skins,” three in Colorado and three in Indiana. Other companies operate or will operate these online sports wagering sites under their brands, paying us a percentage of revenues, as defined, subject to annual minimum amounts. Five of our six permitted skins have commenced operations. The following table identifies our five segments, along with properties and their locations: ​ ​ ​ ​ Segments and Properties ​ Locations Colorado ​ ​ Bronco Billy’s Casino and Hotel Cripple Creek, CO (near Colorado Springs) Chamonix Casino Hotel (under construction) ​ Cripple Creek, CO (near Colorado Springs) Indiana ​ ​ Rising Star Casino Resort Rising Sun, IN (near Cincinnati) Mississippi ​ ​ Silver Slipper Casino and Hotel Hancock County, MS (near New Orleans) Nevada ​ ​ Grand Lodge Casino Incline Village, NV Stockman’s Casino Fallon, NV (one hour east of Reno) Contracted Sports Wagering ​ ​ Three sports wagering websites (“skins”), all operating ​ Colorado Three sports wagering websites (“skins”), two in operation ​ Indiana ​ The Company manages its casinos based primarily on geographic regions within the United States. Our 2021 results reflect a change in our operating segments. We now break out our on-site and online sports wagering skins in Colorado and Indiana as a standalone segment, Contracted Sports Wagering. Certain reclassifications were made to 2020 amounts to conform to current-period presentation for enhanced comparability. Such reclassifications had no effect on the previously reported results of operations or financial position. ​ COVID-19 Pandemic Update. ​ As a result, the Company experienced a material decline in its revenues until its properties began reopening when permitted by local authorities. The reopening dates were: ​ ● Silver Slipper Casino and Hotel ― May 21, 2020 ● Grand Lodge Casino and Stockman’s Casino ― June 4, 2020 ● Bronco Billy’s Casino and Hotel ― June 15, 2020 ● Rising Star Casino Resort ― June 15, 2020. ​ During the shutdown period, the Company evaluated labor, marketing and other costs at its businesses so that, upon reopening, its properties could reopen with significantly lower operating costs. As a result, the Company’s operating performance since reopening in mid-2020 has been stronger than pre-pandemic levels, despite business restrictions throughout its properties and certain pandemic-related additional costs. The extent to which the Company’s financial and operating results in future periods may be affected by COVID-19, including the Delta or other variants, will largely depend on future developments, which are highly uncertain and cannot be accurately predicted at this time. Significant uncertainties include the ability to operate; new information which may emerge concerning new strains of COVID-19 and their severity; vaccination rates among the population; the effectiveness of COVID-19 vaccines against variants; any additional actions imposed by governmental authorities (including the potential mandated vaccination or repeated testing of our employees) to contain or minimize the impact of COVID-19 and any variants; increased operating costs and constraints to implement sanitation and social distancing requirements; increased costs for materials due to supply chain constraints; and general economic conditions, among others. ​ The disruptions arising from COVID-19 continued to impact the Company during the three- and nine-months ended September 30, 2021. The duration and intensity of this global health emergency and related disruptions are uncertain. While each of the Company’s properties are currently open and operating restrictions further eased during the third quarter of 2021, the current economic and regulatory environment in each of the Company’s jurisdictions continues to evolve. For example, mask mandates for all employees and guests were re-introduced at our Nevada properties in July 2021 in compliance with recent orders from Nevada state government officials and, in November 2021, new national rules were announced that would require employers with more than 100 employees to ensure their workers are vaccinated against COVID-19 or undergo weekly testing. The manner in which governments will react as the global and regional impact of the COVID-19 pandemic changes over time is uncertain, and such actions could significantly alter the Company’s current operations.

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2021
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	2. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation. 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. 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 1 inputs when measuring the fair value of its 2028 Notes (see Note 5). The Company utilizes Level 2 inputs when measuring the fair value of its asset purchases and acquisitions (see Note 4). 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). Cash Equivalents and Restricted Cash. Restricted cash balances consist of funds initially totaling $180 million, which were placed into a construction reserve account to fund the completion of the Chamonix construction project. Accounts Receivable. ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ ​ September 30, ​ December 31, ​ 2021 2020 Accounts receivable ​ ​ $ 4,796 ​ $ 5,080 Accounts receivable allowance ​ ​ (252) ​ (176) ​ ​ ​ $ 4,544 ​ $ 4,904 ​ At September 30, 2021, the balance in accounts receivables includes the sale of “free play” at Rising Star for $2.1 million in September. Because Indiana has a progressive gaming tax system and Rising Star is one of the smaller casinos in the state, the property has consistently sold its ability to deduct “free play” in computing gaming taxes to operators in higher tax tiers (and usually sold in the fourth quarter in prior years). Compared to December 31, 2020, the balance in accounts receivables includes the sale of “free play” at Rising Star for the same amount of $2.1 million in the fourth quarter. Revenue Recognition of Accrued Club Points and Deferred Revenues Accrued Club Points: Operating Revenues and Related Costs and Expenses. 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”), primarily to casino customers. 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,” complimentary dining, or hotel stays. Such liabilities were approximately $0.6 million for September 30, 2021 and $0.8 million for December 31, 2020, and these amounts are included in “other accrued liabilities” on the consolidated balance sheets. Upon redemption, the related revenue is recognized at retail value within the department providing the goods or services, offset by a reduction in the liability. Revenue for food and beverage, hotel, and other revenue transactions is typically the net amount collected from customers 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 of the Company until the service is provided to the customer. Deferred Revenues: Market Access Fees from Sports Wagering Agreements. Indiana. Colorado. Deferred revenues also include a total of $2.0 million related to the annual prepayment of contracted revenue, as required in two of the Sports Agreements. We received $1.0 million of prepaid revenue for contracted sports operations that commenced in Colorado in December 2020, and $1.0 million for contracted sports operations that commenced in Indiana in April 2021. Such revenues consisted of the following, as discussed above: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ ​ ​ September 30, ​ December 31, ​ Balance Sheet Location ​ 2021 2020 Deferred revenue, current ​ Other accrued liabilities ​ $ 1,222 ​ $ 1,372 Deferred revenue, net of current portion ​ Contract liabilities, net of current portion ​ ​ 4,948 ​ ​ 5,398 ​ ​ ​ ​ $ 6,170 ​ $ 6,770 ​ Income Taxes. Reclassifications. Earnings (Loss) Per Share. Leases. For material leases with terms greater than a year, the Company records right-of-use (“ROU”) assets and lease liabilities on the balance sheet, as measured on a discounted basis. For finance leases, the Company recognizes interest expense associated with the lease liability and depreciation expense associated with the ROU asset; for operating leases, the Company recognizes straight-line rent expense. The Company does not recognize ROU assets or lease liabilities for leases with a term of 12 months or less. However, costs related to short-term leases with terms greater than one month, which the Company deems material, are disclosed as a component of lease expenses when applicable. Additionally, the Company accounts for new and existing leases containing both lease and non-lease components (“embedded leases”) together as a single lease component 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 based on the information available at the commencement date and/or modification date. The expected lease terms include options to extend 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 for operating leases. For finance leases, the ROU asset depreciates on a straight-line basis over the shorter of the lease term or useful life of the ROU asset and the lease liability accretes interest based on the interest method using the discount rate determined at lease commencement. ​ Recent Accounting Pronouncements ​ Income Taxes. ​ The Company believes that there are no other recently-issued accounting standards not yet effective that are currently likely to have a material impact on its financial statements. ​

LEASES

LEASES	9 Months Ended
	Sep. 30, 2021
LEASES
LEASES	3. LEASES The Company has no 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 37 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. Operating Leases Silver Slipper Casino Land Lease through April 2058 and Options to Purchase. The Company executed a fourth amendment to the original lease with the landlord, effective March 2020, which granted a waiver of base rent for April and May of 2020. Such abatement totaled $155,000 and the value of such abatement was amortized over the remaining term of the lease. From April 1, 2022 through October 1, 2027, the Company may buy out the lease 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. Bronco Billy’s / Chamonix Lease through January 2035 and Option to Purchase. Third Street Corner Building through August 2023 and Option to Purchase. As part of the Chamonix development project, this building is currently used as office space for construction personnel, obviating the need for construction trailers. The lease includes a minimum three Grand Lodge Casino Lease through August 2023. twelve In July 2020, the Company executed a fifth amendment to the facilities lease that retroactively reduced rent amounts due during the closure period, specifically a 25% reduction in rent for March 2020 and a 50% reduction in rent for each of April Corporate Office Lease through January 2025. Finance Lease Rising Star Casino Hotel Lease through October 2027 and Option to Purchase. The components of lease expense are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ Three Months Ended Nine Months Ended ​ ​ ​ ​ September 30, ​ September 30, Lease Costs ​ Classification within Statement of Operations ​ 2021 2020 ​ 2021 2020 Operating leases: ​ ​ ​ ​ ​ ​ Fixed/base rent Selling, General and Administrative Expenses ​ $ 1,112 ​ $ 1,156 ​ $ 3,357 ​ $ 3,478 Short-term payments ​ Selling, General and Administrative Expenses ​ ​ 29 ​ ​ — ​ ​ 29 ​ ​ — Variable payments Selling, General and Administrative Expenses ​ 385 ​ 219 ​ 1,254 ​ 442 Finance lease: ​ ​ ​ ​ ​ Amortization of leased assets Depreciation and Amortization ​ 39 ​ 39 ​ 118 ​ 118 Interest on lease liabilities Interest Expense, Net ​ 38 ​ 45 ​ 122 ​ 139 Total lease costs ​ ​ ​ $ 1,603 ​ $ 1,459 ​ $ 4,880 ​ $ 4,177 ​ ​ Leases recorded on the balance sheet consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, Leases Balance Sheet Classification 2021 ​ 2020 Assets ​ ​ ​ Operating lease assets Operating Lease Right-of-Use Assets, Net $ 16,619 ​ $ 17,361 Finance lease assets Property and Equipment, Net (1) ​ 4,762 ​ 4,879 Total lease assets ​ $ 21,381 ​ $ 22,240 ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ Current ​ ​ Operating Current Portion of Operating Lease Obligations ​ $ 3,492 ​ $ 3,283 Finance Current Portion of Finance Lease Obligation ​ 508 ​ 491 Noncurrent ​ ​ ​ ​ Operating Operating Lease Obligations, Net of Current Portion ​ 13,813 ​ 14,914 Finance Finance Lease Obligation, Net of Current Portion ​ 2,914 ​ 3,298 Total lease liabilities ​ $ 20,727 ​ $ 21,986 __________ (1) Finance lease assets are recorded net of accumulated amortization of $3.0 million and $2.8 million as of September 30, 2021 and December 31, 2020, respectively. ​ Maturities of lease liabilities as of September 30, 2021 are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ ​ ​ ​ ​ ​ ​ Operating Financing Years Ending December 31, ​ Leases ​ Lease (1) 2021 (excluding the nine months ended September 30, 2021) ​ $ 1,234 ​ $ 108 2022 ​ 4,852 ​ 652 2023 ​ 3,539 ​ 652 2024 ​ 1,663 ​ 652 2025 ​ 1,466 ​ 652 Thereafter ​ 30,105 ​ 1,195 Total future minimum lease payments ​ 42,859 ​ 3,911 Less: Amount representing interest ​ (25,554) ​ (489) Present value of lease liabilities ​ 17,305 ​ 3,422 Less: Current lease obligations ​ (3,492) ​ (508) Long-term lease obligations ​ $ 13,813 ​ $ 2,914 __________ (1) ​ Other information related to lease term and discount rate is as follows: ​ ​ ​ ​ ​ ​ ​ Lease Term and Discount Rate ​ September 30, 2021 ​ December 31, 2020 Weighted-average remaining lease term ​ ​ ​ Operating leases 20.8 years ​ 20.4 years Finance lease 6.0 years ​ 6.8 years Weighted-average discount rate ​ ​ ​ Operating leases 9.28 % ​ 9.41 % Finance lease 4.50 % ​ 4.50 % ​ Supplemental cash flow information related to leases is as follows: ​ ​ ​ ​ ​ ​ ​ (In thousands) Nine Months Ended ​ ​ September 30, Cash paid for amounts included in the measurement of lease liabilities: ​ 2021 ​ 2020 Operating cash flows for operating leases ​ $ 3,652 ​ $ 3,250 Operating cash flows for finance lease ​ $ 122 ​ $ 139 Financing cash flows for finance lease ​ $ 367 ​ $ 369 ​

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Sep. 30, 2021
ACQUISITIONS
ACQUISITIONS	4. ACQUISITIONS Cripple Creek Land and Real Estate Purchase. ​ Additionally, on April 16, 2021, the Company purchased a lot and building near its operations in Cripple Creek, Colorado for $600,000. ​

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2021
LONG-TERM DEBT.
LONG-TERM DEBT	5. LONG-TERM DEBT Long-term debt, related discounts and issuance costs consist of the following: ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ September 30, ​ December 31, ​ ​ 2021 ​ 2020 Revolving Credit Facility due 2026 ​ $ — ​ $ — Senior Secured Notes due 2028 (1) ​ ​ 310,000 ​ ​ — Senior Secured Notes due 2024 (2) ​ ​ — ​ ​ 106,825 Unsecured Loans (CARES Act) (3) ​ ​ 5,606 ​ ​ 5,606 Less: Unamortized discounts and debt issuance costs ​ (8,731) ​ (5,173) ​ ​ 306,875 ​ 107,258 Less: Current portion of long-term debt ​ (1,546) ​ (426) ​ ​ $ 305,329 ​ $ 106,832 __________ (1) As of September 30, 2021, the estimated fair value of these notes was approximately $333.3 million. The fair value was estimated using quoted market prices for these notes. (2) The estimated fair value for this non-traded debt instrument can be approximated by its respective carrying value because management believes its terms are representative of market conditions. (3) The estimated fair value for this non-traded debt instrument can be approximated by its respective carrying value because of its similar terms to other CARES Act loans . ​ ​ Debt Refinancing: Notes Issuance. ​ The net proceeds from the sale of the 2028 Notes were used to redeem all of the Prior Notes (including a 0.90% prepayment premium) and to repurchase all outstanding warrants. Additionally, $180 million of bond proceeds were placed into a construction reserve account to fund construction of Chamonix. Accordingly, this amount is recorded as restricted cash. Net of transaction fees and expenses, approximately $8 million was added to unrestricted cash and equivalents. ​ The 2028 Notes are guaranteed, jointly and severally (such guarantees, the “Guarantees”), by each of the Company’s restricted subsidiaries (collectively, the “Guarantors”). The 2028 Notes and the Guarantees are the Company’s and the Guarantors’ general senior secured obligations, subject to the terms of the Collateral Trust Agreement (as defined in the Indenture), ranking senior in right of payment to all of the Company’s and the Guarantors’ existing and future debt that is expressly subordinated in right of payment to the 2028 Notes and the Guarantees, if any. The 2028 Notes and the Guarantees will rank equally in right of payment with all of the Company’s and the Guarantors’ existing and future senior debt. The 2028 Notes contain representations and warranties, financial covenants, and restrictions on dividends customary for notes of this type. Mandatory prepayments, in whole or in part, of the 2028 Notes will be required upon the occurrence of certain events, including sales of certain assets, upon certain changes of control, or should the Company have certain unused funds in the construction disbursement account following the completion of Chamonix. On or prior to February 15, 2024, the Company may redeem up to 35% of the original principal amount of the 2028 Notes with proceeds of certain equity offerings at a redemption price of 108.25%, plus accrued and unpaid interest to the redemption date. In addition, the Company may redeem some or all of the 2028 Notes prior to February 15, 2024 at a redemption price of 100% of the principal amount of the 2028 Notes, plus accrued and unpaid interest to the redemption date and a “make-whole” premium. At any time on or after February 15, 2024, the Company may redeem some or all of the 2028 Notes for cash at the following redemption prices: ​ ​ ​ ​ Redemption Periods Percentage Premium February 15, 2024 to February 14, 2025 104.125 % February 15, 2025 to February 14, 2026 102.063 % February 15, 2026 and Thereafter ​ 100.000 % ​ Prior Notes The Prior Notes contained certain representations and warranties, events of default, and financial covenants that were more restrictive than the 2028 Notes. For example, the Company was required to maintain a total leverage ratio, which measured Consolidated EBITDA (as defined in the indenture) against outstanding debt. Due to the impact of the COVID-19 pandemic on the Company’s business operations in 2020, the Company executed amendments, and paid negotiated amendment fees, to delete the total leverage ratio covenant as of March 31, June 30, and September 30, 2020, among other items. Revolving Credit Facility. Until the completion of Chamonix, the interest rate per annum applicable to loans under the Credit Facility will be, at the Company’s option, either (i) LIBOR plus a margin equal to 3.50%, or (ii) a base rate plus a margin equal to 2.50%. After completion of Chamonix (as defined in the agreement), the interest rate per annum applicable to loans under the Credit Facility will be reduced to, at the Company’s option, either (i) LIBOR plus a margin equal to 3.00%, or (ii) a base rate plus a margin equal to 2.00%. The commitment fee per annum payable is equal to 0.50% of the unused portion of the Credit Facility. The Company has also agreed to pay customary letter of credit fees, if any such letters of credit are issued. The Credit Facility is available, subject to the satisfaction of customary conditions, until March 31, 2026, at which time all amounts borrowed must be repaid. As of September 30, 2021, there were no drawn amounts under the Credit Facility or any outstanding letters of credit. The Credit Facility is equally and ratably secured by the same assets and guarantees securing the 2028 Notes. The Company may make prepayments of any amounts outstanding under the Credit Facility (without any reduction of the revolving commitments) in whole or in part at any time without penalty. The Credit Facility contains a number of negative covenants that, subject to certain exceptions, are substantially similar to the covenants contained in the 2028 Notes. The Credit Facility also requires compliance with a financial covenant as of the last day of each fiscal quarter, such that Adjusted EBITDA (as defined) for the trailing twelve-month period must equal or exceed the utilized portion of the Credit Facility, if drawn. The Company was in compliance with this financial covenant as of September 30, 2021. Unsecured Loans Under the CARES Act. ​ Legislation subsequently extended the original maturity dates to May 3, 2025 with no change to the annual interest rate. After a 15-month

COMMON STOCK WARRANT LIABILITY

COMMON STOCK WARRANT LIABILITY	9 Months Ended
	Sep. 30, 2021
COMMON STOCK WARRANT LIABILITY
COMMON STOCK WARRANT LIABILITY	6. COMMON STOCK WARRANT LIABILITY On February 12, 2021, the Company used a portion of the proceeds from the 2028 Notes offering to redeem all of its outstanding warrants. As part of the Company’s former Second Lien Credit Facility, which was retired in 2018, the Company granted the second lien lenders 1,006,568 warrants. The settled repurchase price to redeem the warrants was $4.0 million. The Company previously measured the fair value of the warrants at each reporting period. However, upon redemption of the warrants on February 12, 2021, the fair value was determined based on the negotiated repurchase price of $4.0 million. This resulted in a final incremental fair value adjustment of $1.3 million in the first quarter of 2021. ​ ​

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2021
INCOME TAXES
INCOME TAXES	7. INCOME TAXES The Company’s effective income tax rates for the three- and nine-months ended September 30, 2021 were 2.0% and 5.4%, respectively, compared to effective income tax rates of (1.2)% and 0.1% for the corresponding prior-year periods. The Company’s tax rates differ 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 A

COMMITMENTS AND CONTINGENCIES AND SUBSEQUENT EVENT	9 Months Ended
	Sep. 30, 2021
COMMITMENTS AND CONTINGENCIES AND SUBSEQUENT EVENT
COMMITMENTS AND CONTINGENCIES AND SUBSEQUENT EVENT	8. COMMITMENTS AND CONTINGENCIES AND SUBSEQUENT EVENT 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 Lease Land Option Agreement for Public Trust Tidelands Lease in Mississippi. term extension Upon commencement of the lease, and for the first 18 months or until the beginning of the next six-month period after the opening of commercial operations on the leased premises, whichever occurs sooner, rent would be $10,000 for each six-month period (“Construction Rent”). Construction Rent would terminate no later than 18 months after the commencement of the lease. Thereafter, annual rent would be $105,300, with adjustments, based on the consumer price index on each anniversary. Before construction can commence, additional entitlements are necessary, including certain environmental approvals. There can be no certainty that the tidelands lease option will be exercised or that the contemplated Silver Slipper expansion will be built. ​

EARNINGS (LOSS) PER SHARE AND S

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2021
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY	9. EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY Earnings (Loss) Per Share The table below reconciles basic and diluted income (loss) per share of common stock: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2021 2020 2021 2020 Numerator: ​ ​ ​ ​ Net income (loss) ─ basic ​ $ 4,619 ​ $ 7,708 ​ $ 6,658 ​ $ (3,353) Adjustment for assumed conversion of warrants ​ ​ — ​ ​ — ​ ​ — ​ ​ (1,159) Net income (loss) ─ diluted ​ $ 4,619 ​ $ 7,708 ​ $ 6,658 ​ $ (4,512) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ Weighted-average common and common share equivalents ─ basic ​ 34,227 ​ 27,106 ​ 31,939 ​ 27,087 Potential dilution from share-based awards ​ ​ 2,409 ​ ​ 358 ​ ​ 2,400 ​ ​ — Potential dilution from assumed conversion of warrants ​ — ​ — ​ — ​ 133 Weighted-average common and common share equivalents ─ diluted ​ 36,636 ​ 27,464 ​ 34,339 ​ 27,220 Anti-dilutive share-based awards and warrants excluded from the calculation of diluted loss per share ​ 177 ​ 2,360 ​ 177 ​ 3,534 ​ Stockholders’ Equity On March 29, 2021, the Company completed an underwritten public offering (the “Offering”) for a total of 6,917,250 shares of its common stock, par value $0.0001 per share (the “Common Stock”), which includes 902,250 shares of Common Stock sold pursuant to the underwriters’ exercise of an option to purchase additional shares of Common Stock to cover over-allotments. The price to the public in the Offering was $6.65 per share of Common Stock, and net proceeds were approximately $43.0 million after deducting underwriting discounts, commissions and offering expenses. The Company intends to use the net proceeds from this offering for general corporate purposes, including its current and future development projects.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2021
SHARE-BASED COMPENSATION.
SHARE-BASED COMPENSATION	10. SHARE-BASED COMPENSATION On May 19, 2021, stockholders approved an amendment to the 2015 Equity Incentive Plan (the “2015 Plan”) to increase the number of shares available for issuance by 2,000,000 shares. Restricted Stock Awards and Performance-Based Shares. one As of September 30, 2021, the Company had 1,740,478 share-based awards authorized by shareholders and available for grant from the 2015 Plan. The following table summarizes information related to the Company’s common stock options as of September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number ​ Average ​ ​ of Stock ​ Exercise ​ ​ Options ​ Price Options outstanding at January 1, 2021 3,183,708 ​ $ 1.71 Granted 315,620 ​ 7.25 Exercised (185,951) ​ 2.00 Canceled/Forfeited (76,333) ​ 3.33 Expired — ​ — Options outstanding at September 30, 2021 3,237,044 ​ $ 2.19 Options exercisable at September 30, 2021 2,614,425 ​ $ 1.66 ​ Share-based compensation expense totaled $324,000 and $121,000 for the three-months ended September 30, 2021 and 2020, respectively, and $647,000 and $307,000 for the nine-months ended September 30, 2021 and 2020, respectively. The expense for 2021 includes restricted shares issued to non-executive members of the Company’s Board of Directors as compensation for their annual service, and includes estimates for certain performance-based shares that were issued to the Company’s executives as noted above. As of September 30, 2021, there was approximately $1.7 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 2.3 years.

SEGMENT REPORTING AND DISAGGREG

SEGMENT REPORTING AND DISAGGREGATED REVENUE	9 Months Ended
	Sep. 30, 2021
SEGMENT REPORTING AND DISAGGREGATED REVENUE
SEGMENT REPORTING AND DISAGGREGATED REVENUE	11. SEGMENT REPORTING AND DISAGGREGATED REVENUE The Company manages its reporting segments based on geographic regions within the United States and type of income. Those five segments, as of 2021, are: Mississippi, Indiana, Colorado, Nevada, and Contracted Sports Wagering. The Company’s management views the states where each of its casino resorts are located as operating segments, in addition to its contracted sports wagering segment. Operating segments are aggregated based on their similar economic characteristics, types of customers, types of services and products provided, the regulatory environments in which they operate, and their management and reporting structure. During the first quarter of 2021, since it is a significantly different business than its core casino business, the Company changed the aggregation of its operations to present Contracted Sports Wagering as a separate segment. This change of the reportable segments reflects realignment within the Company stemming from the expansion of the Company’s contracted on-site and online sports wagering skins. Additionally, this new segment breakout aims to enhance transparency of operations and allows for a more appropriate valuation of the Company’s various business components. The Company utilizes Adjusted Segment EBITDA as the measure of segment profit in assessing performance and allocating resources at the reportable segment level. Adjusted Segment EBITDA is defined as earnings before interest and other non-operating income (expense), taxes, depreciation and amortization, preopening 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 segment. As a result of the change in reportable segments described above, the Company has recast previously-reported segment information to conform to the current presentation in the following tables for enhanced comparability, which had no effect on previously reported results of operations or financial position. The following tables present the Company’s segment information: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ Three Months Ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contracted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sports ​ ​ ​ ​ Mississippi ​ Indiana ​ Colorado ​ Nevada ​ Wagering ​ Total Revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Casino ​ $ 14,578 ​ $ 7,906 ​ $ 5,288 ​ $ 4,734 ​ $ — ​ $ 32,506 Food and beverage ​ 5,156 ​ 891 ​ 740 ​ 305 ​ — ​ 7,092 Hotel ​ 1,248 ​ 990 ​ 231 ​ — ​ — ​ 2,469 Other operations, including contracted sports wagering ​ 556 ​ 2,799 ​ 81 ​ 93 ​ 1,642 ​ 5,171 ​ ​ $ 21,538 ​ $ 12,586 ​ $ 6,340 ​ $ 5,132 ​ $ 1,642 ​ $ 47,238 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjusted Segment EBITDA ​ $ 6,485 ​ $ 3,816 ​ $ 1,543 ​ $ 1,537 ​ $ 1,645 ​ $ 15,026 Other operating costs and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,819) Corporate expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,427) Project development costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (318) Preopening costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (17) Loss on disposal of assets, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (2) Stock-based compensation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (324) Operating income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 11,119 Other expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (6,405) Income before income taxes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,714 Income tax provision ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 95 Net income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 4,619 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ Three Months Ended September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contracted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sports ​ ​ ​ ​ Mississippi ​ Indiana ​ Colorado ​ Nevada ​ Wagering ​ Total Revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Casino ​ $ 13,972 ​ $ 7,204 ​ $ 6,866 ​ $ 3,868 ​ $ — ​ $ 31,910 Food and beverage ​ 4,231 ​ 711 ​ 505 ​ 165 ​ — ​ 5,612 Hotel ​ 1,303 ​ 1,034 ​ 174 ​ — ​ — ​ 2,511 Other operations, including contracted sports wagering ​ 460 ​ 616 ​ 88 ​ 80 ​ 679 ​ 1,923 ​ ​ $ 19,966 ​ $ 9,565 ​ $ 7,633 ​ $ 4,113 ​ $ 679 ​ $ 41,956 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjusted Segment EBITDA ​ $ 6,495 ​ $ 2,082 ​ $ 3,116 ​ $ 1,032 ​ $ 631 ​ $ 13,356 Other operating costs and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,848) Corporate expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (870) Project development costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (108) Stock-based compensation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (121) Operating income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10,409 Other expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (2,391) Adjustment to fair value of warrants ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (403) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (2,794) Income before income taxes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 7,615 Income tax benefit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (93) Net income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 7,708 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ Nine Months Ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contracted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sports ​ ​ ​ ​ Mississippi ​ Indiana ​ Colorado ​ Nevada ​ Wagering ​ Total Revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Casino ​ $ 47,489 ​ $ 22,507 ​ $ 16,127 ​ $ 13,094 ​ $ — ​ $ 99,217 Food and beverage ​ 15,411 ​ 2,577 ​ 1,777 ​ 868 ​ — ​ 20,633 Hotel ​ 3,687 ​ 3,040 ​ 463 ​ — ​ — ​ 7,190 Other operations, including contracted sports wagering ​ 1,546 ​ 3,629 ​ 259 ​ 254 ​ 4,160 ​ 9,848 ​ ​ $ 68,133 ​ $ 31,753 ​ $ 18,626 ​ $ 14,216 ​ $ 4,160 ​ $ 136,888 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjusted Segment EBITDA ​ $ 23,097 ​ $ 7,615 ​ $ 5,092 ​ $ 4,173 ​ $ 4,122 ​ $ 44,099 Other operating costs and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (5,448) Corporate expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (4,803) Project development costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (491) Preopening costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (17) Loss on disposal of assets, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (674) Stock-based compensation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (647) Operating income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 32,019 Other expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (17,531) Loss on extinguishment of debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (6,104) Adjustment to fair value of warrants ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,347) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (24,982) Income before income taxes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 7,037 Income tax provision ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 379 Net income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 6,658 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ Nine Months Ended September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contracted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sports ​ ​ ​ ​ Mississippi ​ Indiana ​ Colorado ​ Nevada ​ Wagering ​ Total Revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Casino ​ $ 29,688 ​ $ 14,055 ​ $ 12,357 ​ $ 7,516 ​ $ — ​ $ 63,616 Food and beverage ​ 10,666 ​ 1,956 ​ 1,360 ​ 614 ​ — ​ 14,596 Hotel ​ 2,833 ​ 2,010 ​ 361 ​ — ​ — ​ 5,204 Other operations, including contracted sports wagering ​ 994 ​ 998 ​ 170 ​ 177 ​ 1,565 ​ 3,904 ​ ​ $ 44,181 ​ $ 19,019 ​ $ 14,248 ​ $ 8,307 ​ $ 1,565 ​ $ 87,320 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjusted Segment EBITDA ​ $ 9,526 ​ $ (769) ​ $ 2,448 ​ $ 79 ​ $ 1,467 ​ $ 12,751 Other operating costs and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (5,868) Corporate expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (2,899) Project development costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (423) Loss on disposal of assets, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (439) Stock-based compensation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (307) Operating income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,815 Other (expense) income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (7,329) Adjustment to fair value of warrants ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,159 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (6,170) Loss before income taxes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (3,355) Income tax benefit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (2) Net loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (3,353) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ September 30, ​ December 31, ​ 2021 2020 Total Assets ​ ​ ​ ​ ​ ​ Mississippi ​ $ 87,371 ​ $ 83,809 Indiana ​ 37,447 ​ 37,798 Colorado ​ 242,068 ​ 44,961 Nevada ​ 14,004 ​ 13,248 Contracted Sports Wagering ​ ​ 1,084 ​ ​ 1,329 Corporate and Other ​ 88,118 ​ 31,471 ​ ​ $ 470,092 ​ $ 212,616 ​

BASIS OF PRESENTATION AND SIG_2

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2021
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation. 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. 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 1 inputs when measuring the fair value of its 2028 Notes (see Note 5). The Company utilizes Level 2 inputs when measuring the fair value of its asset purchases and acquisitions (see Note 4). 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).
Cash Equivalents and Restricted Cash	Cash Equivalents and Restricted Cash. Restricted cash balances consist of funds initially totaling $180 million, which were placed into a construction reserve account to fund the completion of the Chamonix construction project.
Accounts Receivable	Accounts Receivable. ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ ​ September 30, ​ December 31, ​ 2021 2020 Accounts receivable ​ ​ $ 4,796 ​ $ 5,080 Accounts receivable allowance ​ ​ (252) ​ (176) ​ ​ ​ $ 4,544 ​ $ 4,904 ​ At September 30, 2021, the balance in accounts receivables includes the sale of “free play” at Rising Star for $2.1 million in September. Because Indiana has a progressive gaming tax system and Rising Star is one of the smaller casinos in the state, the property has consistently sold its ability to deduct “free play” in computing gaming taxes to operators in higher tax tiers (and usually sold in the fourth quarter in prior years). Compared to December 31, 2020, the balance in accounts receivables includes the sale of “free play” at Rising Star for the same amount of $2.1 million in the fourth quarter.
Revenue Recognition of Accrued Club Points and Deferred Revenues	Revenue Recognition of Accrued Club Points and Deferred Revenues Accrued Club Points: Operating Revenues and Related Costs and Expenses. 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”), primarily to casino customers. 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,” complimentary dining, or hotel stays. Such liabilities were approximately $0.6 million for September 30, 2021 and $0.8 million for December 31, 2020, and these amounts are included in “other accrued liabilities” on the consolidated balance sheets. Upon redemption, the related revenue is recognized at retail value within the department providing the goods or services, offset by a reduction in the liability. Revenue for food and beverage, hotel, and other revenue transactions is typically the net amount collected from customers 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 of the Company until the service is provided to the customer. Deferred Revenues: Market Access Fees from Sports Wagering Agreements. Indiana. Colorado. Deferred revenues also include a total of $2.0 million related to the annual prepayment of contracted revenue, as required in two of the Sports Agreements. We received $1.0 million of prepaid revenue for contracted sports operations that commenced in Colorado in December 2020, and $1.0 million for contracted sports operations that commenced in Indiana in April 2021. Such revenues consisted of the following, as discussed above: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ ​ ​ September 30, ​ December 31, ​ Balance Sheet Location ​ 2021 2020 Deferred revenue, current ​ Other accrued liabilities ​ $ 1,222 ​ $ 1,372 Deferred revenue, net of current portion ​ Contract liabilities, net of current portion ​ ​ 4,948 ​ ​ 5,398 ​ ​ ​ ​ $ 6,170 ​ $ 6,770
Income Taxes	Income Taxes.
Reclassifications	Reclassifications.
Earnings (Loss) Per Share	Earnings (Loss) Per Share.
Leases	Leases. For material leases with terms greater than a year, the Company records right-of-use (“ROU”) assets and lease liabilities on the balance sheet, as measured on a discounted basis. For finance leases, the Company recognizes interest expense associated with the lease liability and depreciation expense associated with the ROU asset; for operating leases, the Company recognizes straight-line rent expense. The Company does not recognize ROU assets or lease liabilities for leases with a term of 12 months or less. However, costs related to short-term leases with terms greater than one month, which the Company deems material, are disclosed as a component of lease expenses when applicable. Additionally, the Company accounts for new and existing leases containing both lease and non-lease components (“embedded leases”) together as a single lease component 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 based on the information available at the commencement date and/or modification date. The expected lease terms include options to extend 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 for operating leases. For finance leases, the ROU asset depreciates on a straight-line basis over the shorter of the lease term or useful life of the ROU asset and the lease liability accretes interest based on the interest method using the discount rate determined at lease commencement.
Recent Accounting Pronouncements	Recent Accounting Pronouncements ​ Income Taxes. ​ The Company believes that there are no other recently-issued accounting standards not yet effective that are currently likely to have a material impact on its financial statements.

ORGANIZATION (Tables)

ORGANIZATION (Tables)	9 Months Ended
	Sep. 30, 2021
ORGANIZATION
Schedule of Properties	​ ​ ​ ​ Segments and Properties ​ Locations Colorado ​ ​ Bronco Billy’s Casino and Hotel Cripple Creek, CO (near Colorado Springs) Chamonix Casino Hotel (under construction) ​ Cripple Creek, CO (near Colorado Springs) Indiana ​ ​ Rising Star Casino Resort Rising Sun, IN (near Cincinnati) Mississippi ​ ​ Silver Slipper Casino and Hotel Hancock County, MS (near New Orleans) Nevada ​ ​ Grand Lodge Casino Incline Village, NV Stockman’s Casino Fallon, NV (one hour east of Reno) Contracted Sports Wagering ​ ​ Three sports wagering websites (“skins”), all operating ​ Colorado Three sports wagering websites (“skins”), two in operation ​ Indiana

BASIS OF PRESENTATION AND SIG_3

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2021
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
Schedule of Accounts receivable	​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ ​ September 30, ​ December 31, ​ 2021 2020 Accounts receivable ​ ​ $ 4,796 ​ $ 5,080 Accounts receivable allowance ​ ​ (252) ​ (176) ​ ​ ​ $ 4,544 ​ $ 4,904
Schedule of Deferred revenues	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ ​ ​ September 30, ​ December 31, ​ Balance Sheet Location ​ 2021 2020 Deferred revenue, current ​ Other accrued liabilities ​ $ 1,222 ​ $ 1,372 Deferred revenue, net of current portion ​ Contract liabilities, net of current portion ​ ​ 4,948 ​ ​ 5,398 ​ ​ ​ ​ $ 6,170 ​ $ 6,770

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2021
LEASES
Components of Lease Expense	The components of lease expense are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ Three Months Ended Nine Months Ended ​ ​ ​ ​ September 30, ​ September 30, Lease Costs ​ Classification within Statement of Operations ​ 2021 2020 ​ 2021 2020 Operating leases: ​ ​ ​ ​ ​ ​ Fixed/base rent Selling, General and Administrative Expenses ​ $ 1,112 ​ $ 1,156 ​ $ 3,357 ​ $ 3,478 Short-term payments ​ Selling, General and Administrative Expenses ​ ​ 29 ​ ​ — ​ ​ 29 ​ ​ — Variable payments Selling, General and Administrative Expenses ​ 385 ​ 219 ​ 1,254 ​ 442 Finance lease: ​ ​ ​ ​ ​ Amortization of leased assets Depreciation and Amortization ​ 39 ​ 39 ​ 118 ​ 118 Interest on lease liabilities Interest Expense, Net ​ 38 ​ 45 ​ 122 ​ 139 Total lease costs ​ ​ ​ $ 1,603 ​ $ 1,459 ​ $ 4,880 ​ $ 4,177 ​
Balance Sheet Information For Leases	Leases recorded on the balance sheet consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, Leases Balance Sheet Classification 2021 ​ 2020 Assets ​ ​ ​ Operating lease assets Operating Lease Right-of-Use Assets, Net $ 16,619 ​ $ 17,361 Finance lease assets Property and Equipment, Net (1) ​ 4,762 ​ 4,879 Total lease assets ​ $ 21,381 ​ $ 22,240 ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ Current ​ ​ Operating Current Portion of Operating Lease Obligations ​ $ 3,492 ​ $ 3,283 Finance Current Portion of Finance Lease Obligation ​ 508 ​ 491 Noncurrent ​ ​ ​ ​ Operating Operating Lease Obligations, Net of Current Portion ​ 13,813 ​ 14,914 Finance Finance Lease Obligation, Net of Current Portion ​ 2,914 ​ 3,298 Total lease liabilities ​ $ 20,727 ​ $ 21,986 __________ (1) Finance lease assets are recorded net of accumulated amortization of $3.0 million and $2.8 million as of September 30, 2021 and December 31, 2020, respectively.
Operating Lease, Liability, Maturity	​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ ​ ​ ​ ​ ​ ​ Operating Financing Years Ending December 31, ​ Leases ​ Lease (1) 2021 (excluding the nine months ended September 30, 2021) ​ $ 1,234 ​ $ 108 2022 ​ 4,852 ​ 652 2023 ​ 3,539 ​ 652 2024 ​ 1,663 ​ 652 2025 ​ 1,466 ​ 652 Thereafter ​ 30,105 ​ 1,195 Total future minimum lease payments ​ 42,859 ​ 3,911 Less: Amount representing interest ​ (25,554) ​ (489) Present value of lease liabilities ​ 17,305 ​ 3,422 Less: Current lease obligations ​ (3,492) ​ (508) Long-term lease obligations ​ $ 13,813 ​ $ 2,914 __________ (1)
Finance Lease, Liability, Maturity	​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ ​ ​ ​ ​ ​ ​ Operating Financing Years Ending December 31, ​ Leases ​ Lease (1) 2021 (excluding the nine months ended September 30, 2021) ​ $ 1,234 ​ $ 108 2022 ​ 4,852 ​ 652 2023 ​ 3,539 ​ 652 2024 ​ 1,663 ​ 652 2025 ​ 1,466 ​ 652 Thereafter ​ 30,105 ​ 1,195 Total future minimum lease payments ​ 42,859 ​ 3,911 Less: Amount representing interest ​ (25,554) ​ (489) Present value of lease liabilities ​ 17,305 ​ 3,422 Less: Current lease obligations ​ (3,492) ​ (508) Long-term lease obligations ​ $ 13,813 ​ $ 2,914 __________ (1)
Other Information Related To Lease Term And Discount Rate	Other information related to lease term and discount rate is as follows: ​ ​ ​ ​ ​ ​ ​ Lease Term and Discount Rate ​ September 30, 2021 ​ December 31, 2020 Weighted-average remaining lease term ​ ​ ​ Operating leases 20.8 years ​ 20.4 years Finance lease 6.0 years ​ 6.8 years Weighted-average discount rate ​ ​ ​ Operating leases 9.28 % ​ 9.41 % Finance lease 4.50 % ​ 4.50 %
Supplemental Cash Flow Information Related To Leases	Supplemental cash flow information related to leases is as follows: ​ ​ ​ ​ ​ ​ ​ (In thousands) Nine Months Ended ​ ​ September 30, Cash paid for amounts included in the measurement of lease liabilities: ​ 2021 ​ 2020 Operating cash flows for operating leases ​ $ 3,652 ​ $ 3,250 Operating cash flows for finance lease ​ $ 122 ​ $ 139 Financing cash flows for finance lease ​ $ 367 ​ $ 369

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2021
LONG-TERM DEBT.
Schedule of Long-Term Debt, Related Discounts and Issuance Costs	​ ​ ​ ​ ​ ​ ​ (In thousands) ​ September 30, ​ December 31, ​ ​ 2021 ​ 2020 Revolving Credit Facility due 2026 ​ $ — ​ $ — Senior Secured Notes due 2028 (1) ​ ​ 310,000 ​ ​ — Senior Secured Notes due 2024 (2) ​ ​ — ​ ​ 106,825 Unsecured Loans (CARES Act) (3) ​ ​ 5,606 ​ ​ 5,606 Less: Unamortized discounts and debt issuance costs ​ (8,731) ​ (5,173) ​ ​ 306,875 ​ 107,258 Less: Current portion of long-term debt ​ (1,546) ​ (426) ​ ​ $ 305,329 ​ $ 106,832 __________ (1) As of September 30, 2021, the estimated fair value of these notes was approximately $333.3 million. The fair value was estimated using quoted market prices for these notes. (2) The estimated fair value for this non-traded debt instrument can be approximated by its respective carrying value because management believes its terms are representative of market conditions. (3) The estimated fair value for this non-traded debt instrument can be approximated by its respective carrying value because of its similar terms to other CARES Act loans .
Debt Instrument Redemption	At any time on or after February 15, 2024, the Company may redeem some or all of the 2028 Notes for cash at the following redemption prices: ​ ​ ​ ​ Redemption Periods Percentage Premium February 15, 2024 to February 14, 2025 104.125 % February 15, 2025 to February 14, 2026 102.063 % February 15, 2026 and Thereafter ​ 100.000 %

EARNINGS (LOSS) PER SHARE AND_2

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2021
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY
Schedule of Earnings Per Share, Basic and Diluted	The table below reconciles basic and diluted income (loss) per share of common stock: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2021 2020 2021 2020 Numerator: ​ ​ ​ ​ Net income (loss) ─ basic ​ $ 4,619 ​ $ 7,708 ​ $ 6,658 ​ $ (3,353) Adjustment for assumed conversion of warrants ​ ​ — ​ ​ — ​ ​ — ​ ​ (1,159) Net income (loss) ─ diluted ​ $ 4,619 ​ $ 7,708 ​ $ 6,658 ​ $ (4,512) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ Weighted-average common and common share equivalents ─ basic ​ 34,227 ​ 27,106 ​ 31,939 ​ 27,087 Potential dilution from share-based awards ​ ​ 2,409 ​ ​ 358 ​ ​ 2,400 ​ ​ — Potential dilution from assumed conversion of warrants ​ — ​ — ​ — ​ 133 Weighted-average common and common share equivalents ─ diluted ​ 36,636 ​ 27,464 ​ 34,339 ​ 27,220 Anti-dilutive share-based awards and warrants excluded from the calculation of diluted loss per share ​ 177 ​ 2,360 ​ 177 ​ 3,534

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2021
SHARE-BASED COMPENSATION.
Schedule of Common Stock Options	The following table summarizes information related to the Company’s common stock options as of September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number ​ Average ​ ​ of Stock ​ Exercise ​ ​ Options ​ Price Options outstanding at January 1, 2021 3,183,708 ​ $ 1.71 Granted 315,620 ​ 7.25 Exercised (185,951) ​ 2.00 Canceled/Forfeited (76,333) ​ 3.33 Expired — ​ — Options outstanding at September 30, 2021 3,237,044 ​ $ 2.19 Options exercisable at September 30, 2021 2,614,425 ​ $ 1.66

SEGMENT REPORTING AND DISAGGR_2

SEGMENT REPORTING AND DISAGGREGATED REVENUE (Tables)	9 Months Ended
	Sep. 30, 2021
SEGMENT REPORTING AND DISAGGREGATED REVENUE
Schedule of Total Revenues By Segment	The following tables present the Company’s segment information: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ Three Months Ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contracted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sports ​ ​ ​ ​ Mississippi ​ Indiana ​ Colorado ​ Nevada ​ Wagering ​ Total Revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Casino ​ $ 14,578 ​ $ 7,906 ​ $ 5,288 ​ $ 4,734 ​ $ — ​ $ 32,506 Food and beverage ​ 5,156 ​ 891 ​ 740 ​ 305 ​ — ​ 7,092 Hotel ​ 1,248 ​ 990 ​ 231 ​ — ​ — ​ 2,469 Other operations, including contracted sports wagering ​ 556 ​ 2,799 ​ 81 ​ 93 ​ 1,642 ​ 5,171 ​ ​ $ 21,538 ​ $ 12,586 ​ $ 6,340 ​ $ 5,132 ​ $ 1,642 ​ $ 47,238 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjusted Segment EBITDA ​ $ 6,485 ​ $ 3,816 ​ $ 1,543 ​ $ 1,537 ​ $ 1,645 ​ $ 15,026 Other operating costs and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,819) Corporate expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,427) Project development costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (318) Preopening costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (17) Loss on disposal of assets, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (2) Stock-based compensation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (324) Operating income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 11,119 Other expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (6,405) Income before income taxes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,714 Income tax provision ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 95 Net income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 4,619 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ Three Months Ended September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contracted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sports ​ ​ ​ ​ Mississippi ​ Indiana ​ Colorado ​ Nevada ​ Wagering ​ Total Revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Casino ​ $ 13,972 ​ $ 7,204 ​ $ 6,866 ​ $ 3,868 ​ $ — ​ $ 31,910 Food and beverage ​ 4,231 ​ 711 ​ 505 ​ 165 ​ — ​ 5,612 Hotel ​ 1,303 ​ 1,034 ​ 174 ​ — ​ — ​ 2,511 Other operations, including contracted sports wagering ​ 460 ​ 616 ​ 88 ​ 80 ​ 679 ​ 1,923 ​ ​ $ 19,966 ​ $ 9,565 ​ $ 7,633 ​ $ 4,113 ​ $ 679 ​ $ 41,956 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjusted Segment EBITDA ​ $ 6,495 ​ $ 2,082 ​ $ 3,116 ​ $ 1,032 ​ $ 631 ​ $ 13,356 Other operating costs and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,848) Corporate expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (870) Project development costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (108) Stock-based compensation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (121) Operating income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10,409 Other expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (2,391) Adjustment to fair value of warrants ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (403) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (2,794) Income before income taxes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 7,615 Income tax benefit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (93) Net income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 7,708 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ Nine Months Ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contracted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sports ​ ​ ​ ​ Mississippi ​ Indiana ​ Colorado ​ Nevada ​ Wagering ​ Total Revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Casino ​ $ 47,489 ​ $ 22,507 ​ $ 16,127 ​ $ 13,094 ​ $ — ​ $ 99,217 Food and beverage ​ 15,411 ​ 2,577 ​ 1,777 ​ 868 ​ — ​ 20,633 Hotel ​ 3,687 ​ 3,040 ​ 463 ​ — ​ — ​ 7,190 Other operations, including contracted sports wagering ​ 1,546 ​ 3,629 ​ 259 ​ 254 ​ 4,160 ​ 9,848 ​ ​ $ 68,133 ​ $ 31,753 ​ $ 18,626 ​ $ 14,216 ​ $ 4,160 ​ $ 136,888 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjusted Segment EBITDA ​ $ 23,097 ​ $ 7,615 ​ $ 5,092 ​ $ 4,173 ​ $ 4,122 ​ $ 44,099 Other operating costs and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (5,448) Corporate expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (4,803) Project development costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (491) Preopening costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (17) Loss on disposal of assets, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (674) Stock-based compensation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (647) Operating income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 32,019 Other expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (17,531) Loss on extinguishment of debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (6,104) Adjustment to fair value of warrants ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,347) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (24,982) Income before income taxes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 7,037 Income tax provision ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 379 Net income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 6,658 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ Nine Months Ended September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contracted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sports ​ ​ ​ ​ Mississippi ​ Indiana ​ Colorado ​ Nevada ​ Wagering ​ Total Revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Casino ​ $ 29,688 ​ $ 14,055 ​ $ 12,357 ​ $ 7,516 ​ $ — ​ $ 63,616 Food and beverage ​ 10,666 ​ 1,956 ​ 1,360 ​ 614 ​ — ​ 14,596 Hotel ​ 2,833 ​ 2,010 ​ 361 ​ — ​ — ​ 5,204 Other operations, including contracted sports wagering ​ 994 ​ 998 ​ 170 ​ 177 ​ 1,565 ​ 3,904 ​ ​ $ 44,181 ​ $ 19,019 ​ $ 14,248 ​ $ 8,307 ​ $ 1,565 ​ $ 87,320 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjusted Segment EBITDA ​ $ 9,526 ​ $ (769) ​ $ 2,448 ​ $ 79 ​ $ 1,467 ​ $ 12,751 Other operating costs and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (5,868) Corporate expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (2,899) Project development costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (423) Loss on disposal of assets, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (439) Stock-based compensation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (307) Operating income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,815 Other (expense) income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (7,329) Adjustment to fair value of warrants ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,159 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (6,170) Loss before income taxes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (3,355) Income tax benefit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (2) Net loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (3,353)
Schedule of Total Assets By Segment	​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ September 30, ​ December 31, ​ 2021 2020 Total Assets ​ ​ ​ ​ ​ ​ Mississippi ​ $ 87,371 ​ $ 83,809 Indiana ​ 37,447 ​ 37,798 Colorado ​ 242,068 ​ 44,961 Nevada ​ 14,004 ​ 13,248 Contracted Sports Wagering ​ ​ 1,084 ​ ​ 1,329 Corporate and Other ​ 88,118 ​ 31,471 ​ ​ $ 470,092 ​ $ 212,616

ORGANIZATION - Resort (Details)

ORGANIZATION - Resort (Details)	9 Months Ended
	Sep. 30, 2021itemsegment	Apr. 23, 2021item
Number of casinos operated	5
Number of casinos owned or leased	4
Number of casinos located within a hotel owned by a third party	1
Number of sports skins operating	6
Number of sports skins commenced operation		5
Number of segments | segment	5
INDIANA
Number of sports skins operating	3
COLORADO
Number of sports skins operating	3

BASIS OF PRESENTATION AND SIG_4

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Cash Equivalents and Restricted Cash (Details) $ in Millions	Feb. 12, 2021USD ($)
Cripple Creek Project
Basis Of Presentation [Line Items]
Restricted cash account	$ 180

BASIS OF PRESENTATION AND SIG_5

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Accounts receivable (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 31, 2020	Sep. 30, 2021
Accounts receivable	$ 5,080	$ 4,796
Accounts receivable allowance	(176)	(252)
Accounts receivable, net	4,904	4,544
Rising Star Casino Resort
Increase in accounts receivable	$ 2,100	$ 2,100

BASIS OF PRESENTATION AND SIG_6

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Deferred Revenues: Market Access Fees from Sports Wagering Agreements (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Apr. 01, 2021	Dec. 31, 2020	Dec. 22, 2020	Dec. 31, 2019
Basis Of Presentation [Line Items]
Deferred revenues	$ 6,170		$ 6,770
Liabilities in other accrued expenses	600		$ 800
Bronco Billy's And Rising Star Casino Resort [Member]
Basis Of Presentation [Line Items]
Deferred revenues	$ 2,000
Rising Star Casino Resort
Basis Of Presentation [Line Items]
Deferred revenues		$ 1,000
Bronco Billy's Casino and Hotel
Basis Of Presentation [Line Items]
Deferred revenues				$ 1,000
Sports Wagering Agreements
Basis Of Presentation [Line Items]
Deferred revenues					$ 6,000

BASIS OF PRESENTATION AND SIG_7

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Deferred Revenues (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred revenue, current	$ 1,222	$ 1,372
Deferred revenue, net of current portion	4,948	5,398
Contract with Customer, Liability, Total	$ 6,170	$ 6,770
Sports Wagering Agreements
Contract with Customer, Liability, Total			$ 6,000

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -Leases (Details)	Sep. 30, 2021
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
Lease, Practical Expedient, Lessor Single Lease Component [true false]	true

LEASES - Narrative (Details)

LEASES - Narrative (Details)	Jan. 01, 2018USD ($)	May 31, 2020	Apr. 30, 2020	Mar. 31, 2020USD ($)	Jun. 30, 2017USD ($)ft²	May 31, 2020USD ($)	May 31, 2020USD ($)	Sep. 30, 2021USD ($)leaseOptionroom	Dec. 31, 2004USD ($)a	Nov. 30, 2018USD ($)
Lessee, Lease, Description [Line Items]
Number of finance leases | lease								1
Grand Lodge Casino facility
Lessee, Lease, Description [Line Items]
Rent	$ 166,667
Lessor acquisition price, EBITDA measurement period								12 months
Abatement rent amount of undiscounted cash							$ 208,000
Reduction In Rent By Percentage		50.00%	50.00%	25.00%
Corporate Office Lease
Lessee, Lease, Description [Line Items]
Rent					$ 200,000
Office lease, square feet | ft²					4,479
Land lease | Land Lease Of Silver Slipper Casino Site
Lessee, Lease, Description [Line Items]
Abatement rent amount of undiscounted cash						$ 155,000
Land lease | Land Lease Of Silver Slipper Casino Site
Lessee, Lease, Description [Line Items]
Rent								$ 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
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
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
Land, buildings and improvements | Various Buildings And Land In Cripple Creak, Colorado
Lessee, Lease, Description [Line Items]
Maximum purchase price on purchase option								$ 2,800,000
Land, buildings and improvements | Various Buildings And Land In Cripple Creak, Colorado | Purchase dates thereafter
Lessee, Lease, Description [Line Items]
Cost to exercise 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]
Lessee, Operating Lease, Term of Contract								3 years
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
Land, buildings and improvements | Lease Terms, Option One | Various Buildings And Land In Cripple Creak, Colorado
Lessee, Lease, Description [Line Items]
Lessee Leasing Arrangements Operating Leases Annual Rent Expense										$ 200,000
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
Potential purchase price								3,400,000
Option price at lease maturity								$ 1
Minimum
Lessee, Lease, Description [Line Items]
Lease terms								1 month
Maximum
Lessee, Lease, Description [Line Items]
Lease terms								37 years

LEASES - Lease Expense (Details

LEASES - Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
LEASES
Fixed/base rent	$ 1,112	$ 1,156	$ 3,357	$ 3,478
Short-term payments	29		29
Variable payments	385	219	1,254	442
Amortization of leased assets	39	39	118	118
Interest on lease liabilities	38	45	122	139
Total lease costs	$ 1,603	$ 1,459	$ 4,880	$ 4,177

LEASES - Balance Sheet Details

LEASES - Balance Sheet Details (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
LEASES
Operating lease assets	$ 16,619	$ 17,361
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Operating lease assets
Finance lease assets	$ 4,762	4,879
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization
Total lease assets	$ 21,381	22,240
Current operating lease liability	$ 3,492	3,283
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current operating lease liability
Current finance lease liability	$ 508	491
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current finance lease liability
Noncurrent operating lease liability	$ 13,813	14,914
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Noncurrent operating lease liability
Noncurrent finance lease liability	$ 2,914	3,298
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Noncurrent finance lease liability
Total lease liabilities	$ 20,727	21,986
Finance Lease, Right-of-Use Asset, Accumulated Amortization	$ 3,000	$ 2,800

LEASES - Maturities of Lease Li

LEASES - Maturities of Lease Liabilities (Details) $ in Thousands	Sep. 30, 2021USD ($)room	Dec. 31, 2020USD ($)
Operating Leases
2021 (excluding the nine months ended September 30, 2021)	$ 1,234
2022	4,852
2023	3,539
2024	1,663
2025	1,466
Thereafter	30,105
Total future minimum lease payments	42,859
Less: Amount representing interest	(25,554)
Present value of lease liabilities	17,305
Less: Current lease obligations	(3,492)	$ (3,283)
Noncurrent operating lease liability	13,813	14,914
Financing Lease
2021 (excluding the nine months ended September 30, 2021)	108
2022	652
2023	652
2024	652
2025	652
Thereafter	1,195
Total future minimum lease payments	3,911
Less: Amount representing interest	(489)
Present value of lease liabilities	3,422
Less: Current lease obligations	(508)	(491)
Long-term lease obligations	$ 2,914	$ 3,298
Rising Star Casino Resort | Rising Sun/Ohio County First, Inc
Financing Lease
Number of hotel rooms | room	104

LEASES - Lease Term and Discoun

LEASES - Lease Term and Discount Rate (Details)	Sep. 30, 2021	Dec. 31, 2020
LEASES
Weighted-average remaining lease term, operating leases	20 years 9 months 18 days	20 years 4 months 24 days
Weighted-average remaining lease term, finance leases	6 years	6 years 9 months 18 days
Weighted-average discount rate, operating leases	9.28%	9.41%
Weighted-average discount rate, finance leases	4.50%	4.50%

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$ 3,652	$ 3,250
Operating cash flows for finance lease	122	139
Financing cash flows for finance lease	$ 367	$ 369

ACQUISITIONS (Details)

ACQUISITIONS (Details) - Cripple Creek Land and Real Estate Purchases	Apr. 16, 2021USD ($)	Mar. 31, 2021USD ($)aitemroom
Carr Manor, a boutique hotel
Acquisitions [Line Items]
Number of guest room in the hotel | room		14
Consideration of asset acquisition		$ 2,800,000
Number of parcels of land purchased | item		5
Land in purchase option (in acres) | a		1.6
Plot and Building
Acquisitions [Line Items]
Asset purchase	$ 600,000

LONG-TERM DEBT - Long-Term Debt

LONG-TERM DEBT - Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Unamortized discounts and debt issuance costs	$ (8,731)	$ (5,173)
Long-term debt, net	306,875	107,258
Current portion of long-term debt	(1,546)	(426)
Long-term debt, net of current portion, unamortized discount and issuance costs	305,329	106,832
Senior Secured Notes Due 2028 | Senior Secured Notes
Debt Instrument [Line Items]
Outstanding principal	310,000
Estimated fair value	333,300
Senior Secured Notes Due 2024 | Unsecured Debt
Debt Instrument [Line Items]
Outstanding principal		106,825
Unsecured Loans CARES Act [Member]
Debt Instrument [Line Items]
Outstanding principal	$ 5,606	$ 5,606

LONG-TERM DEBT - Senior Secured

LONG-TERM DEBT - Senior Secured Notes Narrative (Details) - Senior Secured Notes - USD ($) $ in Millions	Feb. 12, 2021	Sep. 30, 2021	Feb. 02, 2021	Feb. 02, 2018
Line of Credit Facility [Line Items]
Percentage of prepayment Premium			0.90%
Senior Secured Notes Due 2028
Line of Credit Facility [Line Items]
Aggregate principal amount	$ 310
Interest rate	8.25%
Borrowed funds designated for constructing project	$ 180
Proceeds from the offering	$ 8
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	35.00%
Percentage of redemption of equity offering	108.25%
Debt Instrument, Redemption Price, Percentage		100.00%
Senior Secured Notes Due 2024
Line of Credit Facility [Line Items]
Aggregate principal amount				$ 100

LONG-TERM DEBT - Redemption of

LONG-TERM DEBT - Redemption of Senior Secured Notes (Details) - Senior Secured Notes	Feb. 12, 2021
Senior Secured Notes Due 2028
Line of Credit Facility [Line Items]
Percentage Premium	35.00%
February 15, 2024 to February 14, 2025 | Senior Secured Notes Due 2028
Line of Credit Facility [Line Items]
Percentage Premium	104.125%
February 15, 2025 to February 14, 2026 | Senior Secured Notes Due 2028
Line of Credit Facility [Line Items]
Percentage Premium	102.063%
February 15, 2026 and Thereafter | Senior Secured Notes Due 2028
Line of Credit Facility [Line Items]
Percentage Premium	100.00%

LONG TERM Debt - Prior Notes (D

LONG TERM Debt - Prior Notes (Details) - Senior Secured Notes Due 2024 - Senior Secured Notes - USD ($) $ in Millions	May 10, 2019	Feb. 02, 2018
Debt Instrument, Face Amount		$ 100
Additional aggregate principal amount	$ 10
Applicable margin rate		7.00%
LIBOR
Applicable margin rate		1.00%

LONG TERM Debt - Revolving Cred

LONG TERM Debt - Revolving Credit Facility (Details) - Revolving Credit Facility - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Mar. 31, 2021	Sep. 30, 2021
Debt Instrument [Line Items]
Agreement of revolving credit facility		$ 15,000
Term of unsecured note	5 years
Percentage of commitment fee		0.50%
Credit Facility		$ 0
LIBOR | Until Completion of Chamonix Project
Debt Instrument [Line Items]
Applicable margin rate		3.50%
LIBOR | After Completion of Chamonix Project
Debt Instrument [Line Items]
Applicable margin rate		3.00%
Base Rate | Until Completion of Chamonix Project
Debt Instrument [Line Items]
Applicable margin rate		2.50%
Base Rate | After Completion of Chamonix Project
Debt Instrument [Line Items]
Applicable margin rate		2.00%

LONG TERM Debt - Unsecured Loan

LONG TERM Debt - Unsecured Loans (Details) - Unsecured Debt - USD ($)	Sep. 03, 2021	May 08, 2020	Sep. 30, 2021
Debt Instrument, Term		2 years
Unsecured Loans CARES Act [Member]
Debt Instrument, Face Amount		$ 5,606,200
Debt Instrument, Interest Rate, Stated Percentage		1.00%
Deferment period			15 months
Unsecured Loans CARES Act [Member] | Scenario, Plan [Member]
Periodic payment	$ 128,557

COMMON STOCK WARRANT LIABILITY

COMMON STOCK WARRANT LIABILITY (Details) - USD ($) $ in Thousands	Feb. 12, 2021	May 13, 2016	Mar. 31, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Class of Warrant or Right [Line Items]
Warrants repurchase price	$ 4,000
Adjustment to fair value of warrants			$ 1,300	$ 403	$ 1,347	$ (1,159)
Common stock warrant liability							$ 2,653
Line of Credit | Second Lien Term Loan | Warrant to Purchase Common Equity
Class of Warrant or Right [Line Items]
Warrants issued (in shares)		1,006,568
Payments for Repurchase of Warrants	$ 4,000

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
INCOME TAXES
Effective income tax rate	2.00%	(1.20%)	5.40%	0.10%
Federal income tax benefit at U.S. statutory rate			21.00%

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES AND SUBSEQUENT EVENT (Details)	Jul. 13, 2021USD ($)	Jun. 08, 2021USD ($)	Nov. 30, 2021USD ($)	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Paid for option agreement				$ 3,652,000	$ 3,250,000
Public Trust Tidelands Lease
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Paid for option agreement		$ 5,000
Lease term	30 years
Lease extension term	30 years
Option to extend	true
Option exercise period	6 months
Number of additional renewals for option agreement	3
Period of each addition renewals	6 months
Value for each addition renewals	$ 5,000
Public Trust Tidelands Lease | First eighteen months or until the beginning of next six months
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Rent expenses	10,000
Public Trust Tidelands Lease | After eighteen months
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Rent expenses	$ 105,300
Subsequent Event | Public Trust Tidelands Lease
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Period of each addition renewals			6 months
Value for each addition renewals			$ 5,000

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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Numerator:
Net loss - basic	$ 4,619	$ 7,708	$ 6,658	$ (3,353)
Adjustment for assumed conversion of warrants				(1,159)
Net loss - diluted	$ 4,619	$ 7,708	$ 6,658	$ (4,512)
Denominator:
Weighted-average common and common share equivalents - basic (in shares)	34,227	27,106	31,939	27,087
Potential dilution from share-based awards (in shares)	2,409	358	2,400
Potential dilution from assumed conversion of warrants (in shares)				133
Weighted-average common and common share equivalents - diluted (in shares)	36,636	27,464	34,339	27,220
Anti-dilutive share-based awards and warrants excluded from the calculation of diluted loss per share (in shares)	177	2,360	177	3,534

EARNINGS (LOSS) PER SHARE AND_4

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY - Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Millions	Mar. 29, 2021	Sep. 30, 2021	Dec. 31, 2020
Common stock, par value (in dollars per share)		$ 0.0001	$ 0.0001
Over-Allotment Option
Underwritten public offering	6,917,250
Common stock, par value (in dollars per share)	$ 0.0001
Common Stock sold	902,250
Subscription price (in USD per share)	$ 6.65
Net proceeds	$ 43

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - USD ($) $ / shares in Units, $ in Thousands	May 19, 2021	Jan. 31, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense			$ 324	$ 121	$ 647,000	$ 307,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price			$ 1.66		$ 1.66
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					315,620
Unrecognized compensation cost			$ 1,700		$ 1,700
Weighted-average period of unrecognized compensation cost expected to be recognized					2 years 3 months 18 days
2015 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for future issuance (in shares)	2,000,000		1,740,478		1,740,478
2015 Equity Incentive Plan | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage of stock options	0.167%
Stock Based Awards Incentive Marker 2 Percentage	10.00%
2015 Equity Incentive Plan | Restricted stock | Share-based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance	31,512
Vesting period of remaining shares	1 year
Stock Based Awards Incentive Marker 1 Percentage	12.00%
2015 Equity Incentive Plan | Three Company Executives [Member] | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	20,750	69,975

SHARE-BASED COMPENSATION - Summ

SHARE-BASED COMPENSATION - Summarizes information related to our common stock options (Details) - Stock options	9 Months Ended
	Sep. 30, 2021$ / sharesshares
Number of Stock Options
Options outstanding, beginning balance (in shares) | shares	3,183,708
Granted (in shares) | shares	315,620
Exercised (in shares) | shares	(185,951)
Canceled/Forfeited (in shares) | shares	(76,333)
Options outstanding, ending balance (in shares) | shares	3,237,044
Options exercisable (in shares) | shares	2,614,425
Weighted Average Exercise Price
Weighted average exercise price, Options outstanding (in dollars per share) | $ / shares	$ 1.71
Granted (in dollars per share) | $ / shares	7.25
Exercised (in dollars per share) | $ / shares	2
Canceled/Forfeited (in dollars per share) | $ / shares	3.33
Weighted average exercise price, Options outstanding (in dollars per share) | $ / shares	2.19
Weighted average exercise price, Options exercisable (in dollars per share) | $ / shares	$ 1.66

SEGMENT REPORTING AND DISAGGR_3

SEGMENT REPORTING AND DISAGGREGATED REVENUE - Selected Statement of Operations Data (Details) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2021USD ($)	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Sep. 30, 2021USD ($)segment	Sep. 30, 2020USD ($)
Segment Reporting Information [Line Items]
Number of segments | segment							5
Net Revenues	$ 47,238			$ 41,956			$ 136,888	$ 87,320
Adjusted Segment EBITDA	15,026			13,356			44,099	12,751
Depreciation and amortization	(1,819)			(1,848)			(5,448)	(5,868)
Corporate expenses	(1,427)			(870)			(4,803)	(2,899)
Project development costs	(318)			(108)			(491)	(423)
Preopening costs	(17)						(17)
Loss on disposal of assets, net	(2)						(674)	(439)
Stock-based compensation	(324)			(121)			(647)	(307)
Operating income	11,119			10,409			32,019	2,815
Other (expense) income:
Interest expense, net	(6,405)			(2,391)			(17,531)	(7,329)
Loss on extinguishment of debt							(6,104)	0
Adjustment to fair value of warrants			$ (1,300)	(403)			(1,347)	1,159
Nonoperating Income (Expense)	(6,405)			(2,794)			(24,982)	(6,170)
Income (loss) before income taxes	4,714			7,615			7,037	(3,355)
Income tax provision (benefit)	95			(93)			379	(2)
Net income (loss)	4,619	$ 5,484	$ (3,445)	7,708	$ (6,703)	$ (4,358)	6,658	(3,353)
Mississippi
Segment Reporting Information [Line Items]
Net Revenues	21,538			19,966			68,133	44,181
Adjusted Segment EBITDA	6,485			6,495			23,097	9,526
Indiana
Segment Reporting Information [Line Items]
Net Revenues	12,586			9,565			31,753	19,019
Adjusted Segment EBITDA	3,816			2,082			7,615	(769)
Colorado
Segment Reporting Information [Line Items]
Net Revenues	6,340			7,633			18,626	14,248
Adjusted Segment EBITDA	1,543			3,116			5,092	2,448
Nevada
Segment Reporting Information [Line Items]
Net Revenues	5,132			4,113			14,216	8,307
Adjusted Segment EBITDA	1,537			1,032			4,173	79
Contracted Sports Wagering
Segment Reporting Information [Line Items]
Net Revenues	1,642			679			4,160	1,565
Adjusted Segment EBITDA	1,645			631			4,122	1,467
Casino
Segment Reporting Information [Line Items]
Net Revenues	32,506			31,910			99,217	63,616
Casino | Mississippi
Segment Reporting Information [Line Items]
Net Revenues	14,578			13,972			47,489	29,688
Casino | Indiana
Segment Reporting Information [Line Items]
Net Revenues	7,906			7,204			22,507	14,055
Casino | Colorado
Segment Reporting Information [Line Items]
Net Revenues	5,288			6,866			16,127	12,357
Casino | Nevada
Segment Reporting Information [Line Items]
Net Revenues	4,734			3,868			13,094	7,516
Food and beverage
Segment Reporting Information [Line Items]
Net Revenues	7,092			5,612			20,633	14,596
Food and beverage | Mississippi
Segment Reporting Information [Line Items]
Net Revenues	5,156			4,231			15,411	10,666
Food and beverage | Indiana
Segment Reporting Information [Line Items]
Net Revenues	891			711			2,577	1,956
Food and beverage | Colorado
Segment Reporting Information [Line Items]
Net Revenues	740			505			1,777	1,360
Food and beverage | Nevada
Segment Reporting Information [Line Items]
Net Revenues	305			165			868	614
Hotel
Segment Reporting Information [Line Items]
Net Revenues	2,469			2,511			7,190	5,204
Hotel | Mississippi
Segment Reporting Information [Line Items]
Net Revenues	1,248			1,303			3,687	2,833
Hotel | Indiana
Segment Reporting Information [Line Items]
Net Revenues	990			1,034			3,040	2,010
Hotel | Colorado
Segment Reporting Information [Line Items]
Net Revenues	231			174			463	361
Other operations, including online/mobile sports operations
Segment Reporting Information [Line Items]
Net Revenues	5,171			1,923			9,848	3,904
Other operations, including online/mobile sports operations | Mississippi
Segment Reporting Information [Line Items]
Net Revenues	556			460			1,546	994
Other operations, including online/mobile sports operations | Indiana
Segment Reporting Information [Line Items]
Net Revenues	2,799			616			3,629	998
Other operations, including online/mobile sports operations | Colorado
Segment Reporting Information [Line Items]
Net Revenues	81			88			259	170
Other operations, including online/mobile sports operations | Nevada
Segment Reporting Information [Line Items]
Net Revenues	93			80			254	177
Other operations, including online/mobile sports operations | Contracted Sports Wagering
Segment Reporting Information [Line Items]
Net Revenues	$ 1,642			$ 679			$ 4,160	$ 1,565

SEGMENT REPORTING AND DISAGGR_4

SEGMENT REPORTING AND DISAGGREGATED REVENUE - Selected Balance Sheet Data (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total Assets	$ 470,092	$ 212,616
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	134,244	115,772
Corporate and Other
Segment Reporting Information [Line Items]
Total Assets	88,118	31,471
Mississippi | Operating Segments
Segment Reporting Information [Line Items]
Total Assets	87,371	83,809
Indiana | Operating Segments
Segment Reporting Information [Line Items]
Total Assets	37,447	37,798
Colorado | Operating Segments
Segment Reporting Information [Line Items]
Total Assets	242,068	44,961
Nevada | Operating Segments
Segment Reporting Information [Line Items]
Total Assets	14,004	13,248
Contracted Sports Wagering | Operating Segments
Segment Reporting Information [Line Items]
Total Assets	$ 1,084	$ 1,329