Segment Reporting Disclosure [Text Block] | NOTE 9. We have aggregated our properties in order to present three Las Vegas Locals Gold Coast Hotel and Casino Las Vegas, Nevada The Orleans Hotel and Casino Las Vegas, Nevada Sam's Town Hotel and Gambling Hall Las Vegas, Nevada Suncoast Hotel and Casino Las Vegas, Nevada Eastside Cannery Casino and Hotel (1) Las Vegas, Nevada Aliante Casino + Hotel + Spa North Las Vegas, Nevada Cannery Casino Hotel North Las Vegas, Nevada Jokers Wild Henderson, Nevada Downtown Las Vegas California Hotel and Casino Las Vegas, Nevada Fremont Hotel & Casino Las Vegas, Nevada Main Street Station Hotel and Casino Las Vegas, Nevada Midwest & South Par-A-Dice Casino (2) East Peoria, Illinois Belterra Casino Resort (4) Florence, Indiana Blue Chip Casino Hotel Spa Michigan City, Indiana Diamond Jo Casino Dubuque, Iowa Diamond Jo Worth Northwood, Iowa Kansas Star Casino Mulvane, Kansas Amelia Belle Casino Amelia, Louisiana Delta Downs Racetrack Hotel & Casino Vinton, Louisiana Evangeline Downs Racetrack & Casino Opelousas, Louisiana Sam's Town Shreveport Shreveport, Louisiana Treasure Chest Casino Kenner, Louisiana IP Casino Resort Spa Biloxi, Mississippi Sam's Town Hotel and Gambling Hall Tunica Tunica, Mississippi Ameristar Casino * Hotel Kansas City (4) Kansas City, Missouri Ameristar Casino * Resort * Spa St. Charles (4) St. Charles, Missouri Belterra Park (4) Cincinnati, Ohio Valley Forge Casino Resort (3) King of Prussia, Pennsylvania ( 1 March 18, 2020 ( 2 November 20, 2020 January 16, 2021. ( 3 December 12, 2020 January 4, 2021. ( 4 Results of Operations - Total Reportable Segment Revenues and Adjusted EBITDAR We evaluate each property's profitability based on Property Adjusted EBITDAR, which represents each property's earnings before interest expense, income taxes, depreciation and amortization, deferred rent, share-based compensation expense, project development, preopening and writedown expenses, impairments of assets, other operating items, net, gain or loss on early extinguishments and modifications of debt, other items, net and master lease rent expense, as applicable. Total Reportable Segment Adjusted EBITDAR is the aggregate sum of the Property Adjusted EBITDAR for each of the properties included in our Las Vegas Locals, Downtown Las Vegas, and Midwest & South segments. Results for Downtown Las Vegas include the results of our Hawaii-based travel agency and captive insurance company as our Downtown Las Vegas properties cater to the Hawaiian market. Results for Lattner, our Illinois distributed gaming operator, and for our online gaming operations, which are in New Jersey and six nine EBITDAR is a commonly used measure of performance in our industry that we believe, when considered with measures calculated in accordance with GAAP, provides our investors a more complete understanding of our operating results before the impact of investing and financing transactions and income taxes and facilitates comparisons between us and our competitors. Management has historically adjusted EBITDAR when evaluating operating performance because we believe that the inclusion or exclusion of certain recurring and non-recurring items is necessary to provide a full understanding of our core operating results and as a means to evaluate period-to-period results. The following tables set forth, for the periods indicated, departmental revenues for our Reportable Segments: Three Months Ended June 30, 2022 Food & Gaming Beverage Room Other Total (In thousands) Revenue Revenue Revenue Revenue Revenue Revenues Las Vegas Locals $ 176,875 $ 22,800 $ 22,889 $ 13,897 $ 236,461 Downtown Las Vegas 34,934 10,573 6,204 2,188 53,899 Midwest & South 473,116 36,926 20,811 73,237 604,090 Total Revenues $ 684,925 $ 70,299 $ 49,904 $ 89,322 $ 894,450 Three Months Ended June 30, 2021 Food & Gaming Beverage Room Other Total (In thousands) Revenue Revenue Revenue Revenue Revenue Revenues Las Vegas Locals $ 187,511 $ 19,117 $ 18,481 $ 10,986 $ 236,095 Downtown Las Vegas 27,190 6,502 3,448 1,640 38,780 Midwest & South 512,761 31,809 17,148 57,009 618,727 Total Revenues $ 727,462 $ 57,428 $ 39,077 $ 69,635 $ 893,602 Six Months Ended June 30, 2022 Food & Gaming Beverage Room Other Total (In thousands) Revenue Revenue Revenue Revenue Revenue Revenues Las Vegas Locals $ 350,465 $ 43,137 $ 42,546 $ 27,875 $ 464,023 Downtown Las Vegas 67,377 20,282 11,600 4,124 103,383 Midwest & South 935,037 70,623 38,167 143,960 1,187,787 Total Revenues $ 1,352,879 $ 134,042 $ 92,313 $ 175,959 $ 1,755,193 Six Months Ended June 30, 2021 Food & Gaming Beverage Room Other Total (In thousands) Revenue Revenue Revenue Revenue Revenue Revenues Las Vegas Locals $ 336,733 $ 32,547 $ 29,168 $ 20,070 $ 418,518 Downtown Las Vegas 42,036 10,314 5,269 2,594 60,213 Midwest & South 966,619 58,679 30,630 112,250 1,168,178 Total Revenues $ 1,345,388 $ 101,540 $ 65,067 $ 134,914 $ 1,646,909 The following table reconciles, for the periods indicated, Total Reportable Segment Adjusted EBITDAR to net income, as reported in our accompanying condensed consolidated statements of operations: Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2022 2021 2022 2021 Adjusted EBITDAR Las Vegas Locals $ 125,334 $ 133,570 $ 244,029 $ 224,212 Downtown Las Vegas 22,123 15,421 40,512 17,861 Midwest & South 229,049 259,992 452,530 478,141 Corporate expense (22,633 ) (23,588 ) (44,362 ) (42,222 ) Adjusted EBITDAR 353,873 385,395 692,709 677,992 Other operating costs and expenses Deferred rent 192 207 384 414 Master lease rent expense 26,654 26,175 52,960 52,090 Depreciation and amortization 66,757 67,279 129,235 131,746 Share-based compensation expense 14,100 12,823 22,833 18,524 Project development, preopening and writedowns 912 1,454 (9,117 ) 2,869 Other operating items, net 188 11,115 286 12,272 Total other operating costs and expenses 108,803 119,053 196,581 217,915 Operating income 245,070 266,342 $ 496,128 $ 460,077 Other expense (income) Interest income (483 ) (455 ) (903 ) (964 ) Interest expense, net of amounts capitalized 36,466 55,131 74,124 113,021 Loss on early extinguishments and modifications of debt 16,509 65,475 19,809 65,475 Other, net 3,750 237 3,497 2,169 Total other expense, net 56,242 120,388 96,527 179,701 Income before income taxes 188,828 145,954 399,601 280,376 Income tax provision (42,065 ) (32,225 ) (89,910 ) (64,486 ) Net income $ 146,763 $ 113,729 $ 309,691 $ 215,890 For purposes of this presentation, corporate expense excludes its portion of share-based compensation expense. Corporate expense represents unallocated payroll, professional fees, aircraft expenses and various other expenses not Total Reportable Segment Assets The Company's assets by Reportable Segment consisted of the following amounts: June 30, December 31, (In thousands) 2022 2021 Assets Las Vegas Locals $ 1,610,604 $ 1,641,409 Downtown Las Vegas 238,764 228,161 Midwest & South 3,886,878 3,947,076 Total Reportable Segment Assets 5,736,246 5,816,646 Corporate 313,907 407,523 Total Assets $ 6,050,153 $ 6,224,169 |