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Segment Information
 9 Months Ended
Sep. 30, 2017
Segment Information  
Segment Information

7.Segment Information.

 

The Company recognizes two reporting segments (a casino segment and a hotel segment) and corporate (which, for accounting purposes, is not considered to be a separate “segment”).  The casino segment is entirely in Czechia, while the hotel segment is comprised of three hotels in Germany and one hotel in Austria. There are no internal transactions between our reporting segments. The Hotel Columbus, Hotel Auefeld, Hotel Kranichhöhe and Hotel Donauwelle are reported under the hotel segment and 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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2017

 

Three Months Ended September 30, 2016

 

Operations by Segment (Unaudited)

    

Casino

    

Hotel

    

Corporate

    

Consolidated

    

Casino

    

Hotel

    

Corporate

    

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

8,970

 

$

3,631

 

$

 —

 

$

12,601

 

$

11,968

 

$

1,191

 

$

 —

 

$

13,159

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenues

 

 

(5,930)

 

 

(2,165)

 

 

 

 

 

(8,095)

 

 

(6,360)

 

 

(642)

 

 

 

 

 

(7,002)

 

Depreciation and amortization

 

 

(302)

 

 

(257)

 

 

(3)

 

 

(562)

 

 

(332)

 

 

(169)

 

 

(3)

 

 

(504)

 

Selling, general and administrative

 

 

(1,867)

 

 

(1,098)

 

 

(662)

 

 

(3,627)

 

 

(1,634)

 

 

(329)

 

 

(1,066)

 

 

(3,029)

 

Interest expense

 

 

 

 

 

(114)

 

 

 

 

 

(114)

 

 

 

 

 

(60)

 

 

 

 

 

(60)

 

Total costs and expenses

 

 

(8,099)

 

 

(3,634)

 

 

(665)

 

 

(12,398)

 

 

(8,326)

 

 

(1,200)

 

 

(1,069)

 

 

(10,595)

 

Income (loss) before income taxes

 

 

871

 

 

(3)

 

 

(665)

 

 

203

 

 

3,642

 

 

(9)

 

 

(1,069)

 

 

2,564

 

Income tax expense

 

 

(58)

 

 

 

 

 

 

 

 

(58)

 

 

(653)

 

 

 

 

 

 

 

 

(653)

 

Net income (loss)

 

$

813

 

$

(3)

 

$

(665)

 

$

145

 

$

2,989

 

$

(9)

 

$

(1,069)

 

$

1,911

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2017

 

Nine Months Ended September 30, 2016

 

Operations by Segment (Unaudited)

    

Casino

    

Hotel

    

Corporate

    

Consolidated

    

Casino

    

Hotel

    

Corporate

    

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

31,597

 

$

9,621

 

$

 —

 

$

41,218

 

$

35,244

 

$

3,517

 

$

 —

 

$

38,761

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenues

 

 

(19,216)

 

 

(5,764)

 

 

 

 

 

(24,980)

 

 

(18,991)

 

 

(1,906)

 

 

 

 

 

(20,897)

 

Depreciation and amortization

 

 

(903)

 

 

(822)

 

 

(8)

 

 

(1,733)

 

 

(992)

 

 

(688)

 

 

(10)

 

 

(1,690)

 

Selling, general and administrative

 

 

(5,485)

 

 

(2,988)

 

 

(2,755)

 

 

(11,228)

 

 

(5,097)

 

 

(958)

 

 

(3,440)

 

 

(9,495)

 

Interest expense

 

 

 

 

 

(306)

 

 

 

 

 

(306)

 

 

(2)

 

 

(183)

 

 

 

 

 

(185)

 

Other income

 

 

 

 

 

803

 

 

 

 

 

803

 

 

 

 

 

 

 

 

 

 

 

 

 

Total costs and expenses

 

 

(25,604)

 

 

(9,077)

 

 

(2,763)

 

 

(37,444)

 

 

(25,082)

 

 

(3,735)

 

 

(3,450)

 

 

(32,267)

 

Income (loss) before income taxes

 

 

5,993

 

 

544

 

 

(2,763)

 

 

3,774

 

 

10,162

 

 

(218)

 

 

(3,450)

 

 

6,494

 

Income tax expense

 

 

(850)

 

 

 

 

 

 

 

 

(850)

 

 

(1,969)

 

 

 

 

 

 

 

 

(1,969)

 

Net income (loss)

 

$

5,143

 

$

544

 

$

(2,763)

 

$

2,924

 

$

8,193

 

$

(218)

 

$

(3,450)

 

$

4,525

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selected Balance Sheet

 

At September 30, 2017

 

At December 31, 2016

 

Data by Segment (Unaudited)

    

Casino

    

Hotel

    

Corporate

    

Consolidated

    

Casino

    

Hotel

    

Corporate

    

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

$

31,418

 

$

28,516

 

$

860

 

$

60,794

 

$

23,550

 

$

17,226

 

$

748

 

$

41,524

 

Goodwill

 

 

5,512

 

 

147

 

 

 

 

 

5,659

 

 

4,730

 

 

127

 

 

 

 

 

4,857

 

Other assets, excluding property and equipment and goodwill

 

 

8,977

 

 

5,704

 

 

1,112

 

 

15,793

 

 

12,781

 

 

6,057

 

 

885

 

 

19,723

 

Total assets

 

$

45,907

 

$

34,367

 

$

1,972

 

$

82,246

 

$

41,061

 

$

23,410

 

$

1,633

 

$

66,104