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Segment Information
 12 Months Ended
Dec. 31, 2016
Segment Information  
Segment Information

NOTE 14 – Segment Information

Effective since the acquisition of the Hotel Columbus as of September 1, 2014, the Company recognized two reporting segments (a casino segment and a hotel segment) and a category called “corporate” (which, for accounting purposes, is not considered to be a separate “segment”). The casino segment is entirely in the Czech Republic, while the hotel segment is comprised of Hotel Columbus, Hotel Freizeit Auefeld and Hotel Kranichhöhe, all of which are in Germany.  The Hotel Savannah and Spa, as part of the Route 59 Complex, is reported under the casino segment.

Below is a presentation of the reporting segments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2016

 

Year Ended December 31, 2015

 

Operations by Segment (Unaudited)

    

Casino

    

Hotel

    

Corporate

    

Consolidated

    

Casino

    

Hotel

    

Corporate

    

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$
48,262

 

$
4,976

 

$

 —

 

$
53,238

 

$
38,762

 

$
3,624

 

$

 —

 

$
42,386

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenues

 

 
(25,879)

 

 
(2,794)

 

 

 

 

 
(28,673)

 

 
(19,839)

 

 
(1,908)

 

 

 

 

 
(21,747)

 

Depreciation and amortization

 

 
(1,334)

 

 
(873)

 

 
(13)

 

 
(2,220)

 

 
(1,320)

 

 
(534)

 

 
(9)

 

 
(1,863)

 

Selling, general and administrative

 

 
(6,916)

 

 
(1,923)

 

 
(4,396)

 

 
(13,235)

 

 
(8,184)

 

 
(1,441)

 

 
(3,842)

 

 
(13,467)

 

Interest expense

 

 
(2)

 

 
(241)

 

 

 

 

 
(243)

 

 
(3)

 

 
(203)

 

 

 

 

 
(206)

 

Other income

 

 

 

 

 
124

 

 

 

 

 
124

 

 

 

 

 
149

 

 

 

 

 
149

 

Total costs and expenses

 

 
(34,131)

 

 
(5,707)

 

 
(4,409)

 

 
(44,247)

 

 
(29,346)

 

 
(3,937)

 

 
(3,851)

 

 
(37,134)

 

Income (loss) before income taxes

 

 
14,131

 

 
(731)

 

 
(4,409)

 

 
8,991

 

 
9,416

 

 
(313)

 

 
(3,851)

 

 
5,252

 

Income taxes (benefits)

 

 
(2,416)

 

 
202

 

 
(454)

 

 
(2,668)

 

 
(1,394)

 

 

 

 

 

 

 

 
(1,394)

 

Net income (loss)

 

$
11,715

 

$
(529)

 

$
(4,863)

 

$
6,323

 

$
8,022

 

$
(313)

 

$
(3,851)

 

$
3,858

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selected Balance Sheet

 

At December 31, 2016

 

At December 31, 2015

 

Data by Segment (Unaudited)

    

Casino

    

Hotel

    

Corporate

    

Consolidated

    

Casino

    

Hotel

    

Corporate

    

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

$
23,550

 

$
17,226

 

$
748

 

$
41,524

 

$
24,513

 

$
11,829

 

$
780

 

$
37,122

 

Goodwill

 

 
4,730

 

 
127

 

 

 —

 

 
4,857

 

 
4,885

 

 
131

 

 

 —

 

 
5,016

 

Other assets, excluding property and equipment and goodwill

 

 
12,781

 

 
6,057

 

 
885

 

 
19,723

 

 
11,117

 

 
1,245

 

 
739

 

 
13,101

 

Total assets

 

$
41,061

 

$
23,410

 

$
1,633

 

$
66,104

 

$
40,515

 

$
13,205

 

$
1,519

 

$
55,239

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures, net

 

$
1,018

 

$
2,639

 

$
5

 

$
3,662

 

$
926

 

$
275

 

$
13

 

$
1,214