Assets Held for Sale (Tables)

6 Months Ended

Jun. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Assets and Liabilities Held for Sale, Accounted Carrying Value Lower than Fair Value and Information of Net Operating Revenues and Net Income (Loss)

The assets and liabilities held for sale, accounted for at carrying value as it was lower than fair value, were as follows as of June 30, 2020 (in thousands):

	June 30, 2020
	Shreveport		MontBleu		Kansas City		Vicksburg		Total
Assets:
Accounts receivable, net	$	1,838	$	1,170	$	441	$	162	$	3,611
Due from affiliates	—		163		—		(9)		154
Inventories	1,039		606		42		122		1,809
Right-of-use assets	11,837		28,241		37,425		—		77,503
Prepaid expenses and other	847		845		364		4,311		6,367
Property and equipment, net	85,077		36,334		39,169		31,729		192,309
Goodwill	—		—		39,623		8,806		48,429
Other intangibles, net	20,574		—		90,329		2,708		113,611
Assets held for sale	$	121,212	$	67,359	$	207,393	$	47,829	$	443,793
Liabilities:
Accounts payable	$	743	$	766	$	152	$	192	$	1,853
Accrued payroll and related	748		351		403		278		1,780
Accrued property and other taxes	1,626		225		325		592		2,768
Short-term lease obligation	974		5,353		2,291		—		8,618
Long-term lease obligations	13,051		62,884		34,370		—		110,305
Accrued other liabilities	2,483		2,081		956		237		5,757
Other long-term liabilities	218		69		229		77		593
Liabilities related to assets held for sale	$	19,843	$	71,729	$	38,726	$	1,376	$	131,674

The assets and liabilities held for sale, accounted for at carrying value as it was lower than fair value, were as follows as of December 31, 2019 (in thousands):

	December 31, 2019
	Kansas City		Vicksburg		Total
Assets:
Accounts receivable, net	$	285	$	75	$	360
Inventories	52		119		171
Right-of-use assets	36,135		—		36,135
Prepaid expenses and other	216		4,168		4,384
Property and equipment, net	39,126		31,493		70,619
Goodwill	39,623		8,806		48,429
Other intangibles, net	90,329		2,708		93,037
Assets held for sale	$	205,766	$	47,369	$	253,135
Liabilities:
Accounts payable	$	307	$	188	$	495
Accrued payroll and related	567		327		894
Accrued property and other taxes	26		891		917
Short-term lease obligation	764		—		764
Long-term lease obligation	33,080		—		33,080
Accrued other liabilities	1,055		280		1,335
Liabilities related to assets held for sale	$	35,799	$	1,686	$	37,485

The following information presents the net revenues and net (loss) income for the Company’s properties that are held for sale (in thousands):

	Three Months Ended June 30, 2020
	Shreveport		MontBleu		Kansas City		Vicksburg
Net revenues	$	7,757	$	3,072	$	4,301	$	2,551
Net (loss) income	2,714		2,329		(737)		(202)

	Six Months Ended June 30, 2020
	Shreveport		MontBleu		Kansas City		Vicksburg
Net revenues	$	30,307	$	11,689	$	18,049	$	7,081
Net (loss) income	4,393		(39,835)		2,477		(675)

The following information presents the net revenues and net income of Mountaineer, Cape Girardeau and Caruthersville for the three and six months ended June 30, 2019 (in thousands):

	Three Months Ended June 30, 2019						Six Months Ended June 30, 2019
	Mountaineer		Cape Girardeau		Caruthersville		Mountaineer		Cape Girardeau		Caruthersville
Net revenues	$	32,707	$	14,340	$	8,651	$	62,873	$	29,742	$	17,577
Net income	2,414		1,578		1,907		4,037		3,692		3,687

The following information presents the net revenues and net loss of Presque and Nemacolin prior to the respective divestitures (in thousands):

	Six Months Ended June 30, 2019
	Presque		Nemacolin
Net revenues	$	3,235	$	4,836
Net loss	(62)		(754)