SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
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| Schedule of breakout of expenses used by the CODM to monitor and assess the financial performance |
| | | | | | | | | | | Three Months Ended March 31, | | | | | 2026 | | | 2025 | | Net revenues | | $ | 136,550 | | $ | 125,394 | | Operating Expenses | | | | | | | | Labor expense | | | 40,535 | | | 39,929 | | Cost of sales | | | 10,761 | | | 10,513 | | Tax and license expense [a] | | | 20,524 | | | 19,016 | | Other operating expense [b] | | | 17,732 | | | 16,932 | | Depreciation and amortization | | | 10,467 | | | 13,215 | | Other operating items, net [c] | | | 1,585 | | | 471 | | Interest (income) expense, net | | | (598) | | | (316) | | Income tax expense | | | 7,952 | | | 5,770 | | Total expenses | | $ | 108,958 | | $ | 105,530 | | | | | | | | | | Net income | | $ | 27,592 | | $ | 19,864 | |
[a] Tax and license includes gaming taxes and licenses, commerce taxes, use taxes and property taxes. [b] Operating expenses includes expenses for casino, food and beverage, hotel, other, selling general and administrative expenses labor expense, cost of sales, tax and license expense. [c] Other operating items, net includes construction litigation expenses, lobbying expenses, and (gain) loss on disposition of assets.
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| Schedule of property and Equipment, net |
Property and equipment, net consists of the following (in thousands): | | | | | | | | | | March 31, 2026 | | December 31, 2025 | | Land | | $ | 34,688 | | $ | 34,688 | | Land improvements | | | 11,636 | | | 11,636 | | Buildings | | | 474,462 | | | 474,462 | | Building improvements | | | 142,231 | | | 141,919 | | Furniture and equipment | | | 269,424 | | | 267,924 | | Construction in progress | | | 13,515 | | | 11,526 | | Right of use assets | | | 13,000 | | | 13,255 | | Leasehold improvements | | | 4,498 | | | 4,498 | | Property and equipment | | | 963,454 | | | 959,908 | | Less accumulated depreciation and amortization | | | (411,942) | | | (403,240) | | Property and equipment, net | | $ | 551,512 | | $ | 556,668 | | | | | | | | | |
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| Schedule of property and equipment, estimated useful lives |
| | | | | | Land improvements | | 15 | - | 40 | years | Buildings | | 30 | - | 40 | years | Building improvements | | 5 | - | 40 | years | Leasehold improvements | | 5 | - | 40 | years | Furniture | | 5 | - | 10 | years | Equipment | | 3 | - | 20 | years |
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| Schedule of contract related liabilities |
| | | | | | | | | | | | | | | | | | | | | | March 31, | | December 31, | | Increase (Decrease) | | March 31, | | December 31, | | Increase (Decrease) | | | | 2026 | | 2025 | | | | | 2025 | | 2024 | | | | | Contractual Liability | | | | | | | | | | | | | | | | | | | | Players Club Liability | | $ | 7,444 | | $ | 7,543 | | $ | (99) | | $ | 7,957 | | $ | 8,097 | | $ | (140) | | Outstanding Chip Liability | | | 1,652 | | | 1,945 | | | (293) | | | 1,675 | | | 2,298 | | | (623) | | Customer Advances and Other | | | 6,760 | | | 7,345 | | | (585) | | | 6,290 | | | 6,378 | | | (88) | | Total Contractual Liability | | $ | 15,856 | | $ | 16,833 | | $ | (977) | | $ | 15,922 | | $ | 16,773 | | $ | (851) | |
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