Golden Entertainment, Inc
(NASDAQ:GDEN)

Golden Entertainment, Inc., together with its subsidiaries, engages in the ownership and operation of a diversified entertainment platform in the United States. The company operates through two segments, Casinos and Distributed Gaming. The Casinos segment owns and operates ten resort casino properti...

Website: http://www.goldenent.com

Founded: 2015

Full Time Employees: 8,000

Sector: Consumer Cyclical

Industry: Resorts & Casinos

Entertainment

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At a glance:

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Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-28	2015-03-29	2014-12-28	2014-09-28	2014-06-29	2014-03-30	2013-12-29	2013-09-29	2013-06-30	2013-03-31	2012-12-30	2012-09-30	2012-07-01	2012-04-01	2012-01-01	2011-10-02	2011-07-03	2011-04-03	2011-01-02	2010-10-03	2010-07-04	2010-04-04	2010-01-03	2009-09-27	2009-06-28	2009-03-29	2008-12-28	2008-09-28	2008-06-29	2008-03-30	2007-12-30	2007-09-30	2007-07-01	2007-04-01	2006-12-31	2006-10-01	2006-07-02	2006-04-02	2006-01-01	2005-10-02	2005-07-03	2005-04-03	2005-01-02

revenues
gaming	77,078,000	78,730,000	80,261,000	78,387,000	75,684,000	78,247,000	86,949,000	138,682,000	165,177,000	182,355,000	188,087,000	185,020,000	188,420,000	196,679,000	190,787,000	191,183,000	193,167,000	204,957,000	177,000,000	147,340,000	145,521,000	56,677,000	127,215,000	146,197,000	142,568,000	146,246,000	143,792,000	131,003,000	127,764,000	132,546,000	133,863,000	135,967,000	92,215,000	94,649,000	91,522,000	90,073,000	89,157,000	88,337,000	78,472,000	73,701,000	52,336,000	11,810,000	10,600,000	9,998,000	12,072,000	11,068,000	10,320,000	9,040,000	10,445,000	3,188,000
food and beverage	39,623,000	41,068,000	42,284,000	43,302,000	41,849,000	43,113,000	43,661,000	45,096,000	44,507,000	46,534,000	46,271,000	45,421,000	43,035,000	44,451,000	42,456,000	44,802,000	44,271,000	44,938,000	33,804,000	31,681,000	28,685,000	10,168,000	41,547,000	49,962,000	51,109,000	52,104,000	49,758,000	42,429,000	41,999,000	43,422,000	42,603,000	32,735,000	15,572,000	15,808,000	15,650,000	16,813,000	14,404,000	14,101,000	13,341,000	13,264,000	9,230,000	1,742,000	1,348,000	1,497,000	1,835,000	1,566,000	1,259,000	1,209,000	1,665,000	703,000	198,000	663,000	618,000
rooms	25,394,000	29,424,000	27,169,000	29,805,000	28,938,000	31,422,000	29,400,000	31,737,000	31,417,000	30,918,000	30,577,000	32,639,000	30,765,000	33,174,000	25,746,000	29,589,000	31,566,000	30,249,000	18,398,000	17,314,000	22,505,000	5,987,000	25,605,000	30,045,000	35,347,000	35,514,000	31,287,000	25,068,000	28,104,000	27,568,000	26,065,000	18,233,000	2,342,000	2,012,000	1,578,000	2,004,000	2,349,000	1,945,000	1,555,000	1,804,000	2,141,000
other	12,723,000	14,398,000	11,129,000	12,710,000	14,762,000	14,552,000	14,037,000	15,176,000	16,625,000	26,874,000	13,116,000	16,630,000	16,773,000	15,068,000	14,655,000	16,384,000	13,418,000	12,323,000	10,494,000	9,293,000	8,685,000	3,142,000	12,790,000	15,930,000	14,290,000	14,206,000	15,055,000	9,433,750	12,470,000	13,007,000	12,258,000					851,000			18,000	351,000	50,000	36,000		-5,000	4,000	1,000	164,000		15,000	10,000		10,000	55,000	44,000	14,000	81,000	119,000	120,000		36,000	-508,000	560,000	-72,000	371,000	-4,000	-8,000	-8,000	74,000	65,000	120,000	62,000	17,000	50,000	22,000	5,000	-5,000	5,000	-10,000	78,000
total revenues	154,818,000	163,620,000	160,843,000	164,204,000	161,233,000	167,334,000	174,047,000	230,691,000	257,726,000	286,681,000	278,051,000	279,710,000	278,993,000	289,372,000	273,644,000	281,958,000	282,422,000	292,467,000	239,696,000	205,628,000	205,396,000	75,974,000	207,157,000	242,134,000	243,314,000	248,070,000	239,892,000	210,125,000	210,337,000	216,543,000	214,789,000																				3,304,000	2,831,000	3,639,000	2,519,000	1,963,000	1,273,000	250,000	28,157,000	5,893,000	4,674,000	8,172,000	4,802,000	6,954,000	5,261,000	6,617,000	7,064,000	7,278,000	-7,403,000	11,215,000	10,959,000	9,561,000	8,344,000	7,007,000	8,129,000	4,972,000	6,114,000	5,908,000
yoy	-3.98%	-2.22%	-7.59%	-28.82%	-37.44%	-41.63%	-37.40%	-17.52%	-7.62%	-0.93%	1.61%	-0.80%	-1.21%	-1.06%	14.16%	37.12%	37.50%	284.96%	15.71%	-15.08%	-15.58%	-69.37%	-13.65%	15.23%	15.68%	14.56%	11.69%																								68.31%	122.39%	1355.60%	-91.05%	-66.69%	-72.76%	-96.94%	486.36%	-15.26%	-11.16%	23.50%	-32.02%	-4.45%	-171.07%	-41.00%	-35.54%	-23.88%	-188.72%	60.05%	34.81%	92.30%	36.47%	18.60%
qoq	-5.38%	1.73%	-2.05%	1.84%	-3.65%	-3.86%	-24.55%	-10.49%	-10.10%	3.10%	-0.59%	0.26%	-3.59%	5.75%	-2.95%	-0.16%	-3.43%	22.02%	16.57%	0.11%	170.35%	-63.33%	-14.45%	-0.48%	-1.92%	3.41%	14.17%	-0.10%	-2.87%	0.82%																					16.71%	-22.20%	44.46%	28.32%	54.20%	409.20%	-99.11%	377.80%	26.08%	-42.80%	70.18%	-30.95%	32.18%	-20.49%	-6.33%	-2.94%	-198.31%	-166.01%	2.34%	14.62%	14.59%	19.08%	-13.80%	63.50%	-18.68%	3.49%
expenses
selling, general and administrative	55,517,000	54,566,000	54,138,000	52,183,000	57,056,000	56,087,000	59,987,000	58,709,000	67,727,000	67,093,000	62,036,000	57,818,000	59,389,000	57,287,000	60,910,000	60,634,000	54,457,000	53,285,000	53,591,000	47,122,000	52,132,000	32,548,000	47,610,000	55,560,000	57,106,000	56,235,000	56,947,000	48,034,000	47,479,000	43,986,000	44,393,000	45,937,000	19,655,000	19,429,000	18,502,000	17,883,000	17,816,000	16,222,000	16,234,000	16,166,000	12,134,000	5,539,000	6,135,000	5,648,000	5,455,000	5,723,000	5,740,000	5,550,000	5,398,000	4,613,000	3,767,000	3,137,000	2,846,000	1,905,000	2,303,000	1,979,000	2,537,000	2,286,000	2,656,000	2,341,000	2,936,000	3,253,000	3,235,000	2,887,000	3,508,000	3,767,000	4,042,000	-22,917,000	13,341,000	13,943,000	10,892,000	10,335,000	10,058,000	9,966,000	9,741,000	8,449,000	8,772,000	8,833,000	9,176,000	8,185,000	20,368,000	13,435,000	6,463,000
depreciation and amortization	22,868,000	22,475,000	22,469,000	22,672,000	22,626,000	22,616,000	22,120,000	21,758,000	22,213,000	21,454,000	23,508,000	24,229,000	24,286,000	25,332,000	26,276,000	26,350,000	26,474,000	26,682,000	27,186,000	29,793,000	31,551,000	31,930,000	31,156,000	29,740,000	29,611,000	29,976,000	27,265,000	23,035,000	23,330,000	22,854,000	25,237,000	19,287,000	7,539,000	7,408,000	6,552,000	7,644,000	7,223,000	6,847,000	5,792,000	3,939,000	5,100,000	880,000	879,000	900,000	896,000	864,000	853,000	797,000	759,000	460,000	257,000	340,000	229,000															154,250	219,000	211,000	188,000	178,000	192,000	191,000	195,000	185,000	164,000	315,000	269,000
loss on disposal of assets	1,901,000	79,000	-27,000				14,000	-103,000	-5,000	-34,000		-1,000	266,000	710,000	-41,000	513,000	-72,000	610,000	209,000	-14,000	-474,000	702,000	589,000	320,000	-233,000	585,000	247,000
gain on sale of business				-17,236,000			-69,736,000	-76,457,250	-305,829,000
preopening expenses	210,000	63,000	157,000	131,000	234,000	4,000	139,000	185,000	50,000	141,000	384,000	100,000	2,000	4,000	55,000	14,000	3,000	109,000	120,000	121,000	73,000	9,000	105,000	175,000	243,000	738,000	778,000	313,000	21,000	389,000	448,000	504,000	282,000	574,000	272,000	578,000	801,000	519,000	573,000	32,250	129,000							21,000		902,000	265,000
total expenses	153,936,000	151,704,000	149,774,000	152,485,000	154,505,000	153,799,000	93,905,000	223,576,000	-65,983,000	250,943,000	245,401,000	244,292,000	243,941,000	244,781,000	240,758,000	247,472,000	237,200,000	232,506,000	213,325,000	206,742,000	195,947,000	137,927,000	220,978,000	231,634,000	233,433,000	234,048,000	228,178,000	204,657,000	200,614,000	197,448,000	198,108,000	179,254,000	105,933,000	107,915,000	101,328,000	104,221,000	101,144,000	97,507,000	87,297,000	58,995,000	70,264,000
operating income	882,000	11,916,000	11,069,000	11,719,000	6,728,000	13,535,000	80,142,000	7,115,000	323,709,000	35,738,000	32,650,000	35,418,000	35,052,000	44,591,000	32,886,000	34,486,000	45,222,000	59,961,000	26,371,000	-1,114,000	9,449,000	-61,953,000	-13,821,000	10,500,000	9,881,000	14,022,000	11,714,000	5,468,000	9,723,000	19,095,000	16,681,000
yoy	-86.89%	-11.96%	-86.19%	64.71%	-97.92%	-62.13%	145.46%	-79.91%	823.51%	-19.85%	-0.72%	2.70%	-22.49%	-25.63%	24.71%	-3195.69%	378.59%	-196.78%	-290.80%	-110.61%	-4.37%	-541.83%	-217.99%	92.03%	1.63%	-26.57%	-29.78%
qoq	-92.60%	7.65%	-5.55%	74.18%	-50.29%	-83.11%	1026.38%	-97.80%	805.78%	9.46%	-7.82%	1.04%	-21.39%	35.59%	-4.64%	-23.74%	-24.58%	127.37%	-2467.24%	-111.79%	-115.25%	348.25%	-231.63%	6.26%	-29.53%	19.70%	114.23%	-43.76%	-49.08%	14.47%
operating margin %	0.57%	7.28%	6.88%	7.14%	4.17%	8.09%	46.05%	3.08%	125.60%	12.47%	11.74%	12.66%	12.56%	15.41%	12.02%	12.23%	16.01%	20.50%	11.00%	-0.54%	4.60%	-81.55%	-6.67%	4.34%	4.06%	5.65%	4.88%	2.60%	4.62%	8.82%	7.77%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
non-operating expense
interest expense	-7,941,000	-7,727,000	-7,499,000	-7,629,000	-7,959,000	-8,610,000	-10,686,000	-13,170,000	-15,306,000	-18,803,000	-18,236,000	-17,925,000	-15,709,000	-14,738,000	-15,118,000	-15,101,000	-15,535,000	-16,169,000	-16,048,000	-17,535,000	-16,422,000	-16,407,000	-18,746,000	-18,174,000	-18,776,000	-19,135,000	-18,135,000	-16,928,000	-16,291,000	-16,066,000	-14,743,000	-14,030,000	-1,885,000	-2,000,000	-1,683,000	-1,668,000	-1,689,000	-1,640,000	-1,457,000	-1,387,000	-980,000	-262,000	-274,000	-286,000	-297,000	-308,000	-318,000	-322,000	-450,000	-264,000	-208,000	-218,000	-228,000	-242,000	-252,000	-267,000	-273,000	-321,000	-321,000	-329,000	-446,000	-545,000	-687,000	-693,000	-509,000	-417,000	-395,000	-487,000	-350,000	-347,000	-367,000
loss on debt extinguishment and modification						-4,446,000		-1,329,000		-405,000					-181,000	-216,000	-759,000
total non-operating expense	-7,941,000	-7,727,000	-7,499,000	-7,629,000	-7,959,000	-13,056,000	-10,686,000	-14,499,000	-15,306,000	-19,208,000	-18,236,000				-15,299,000				-16,048,000	-17,535,000	-16,422,000	-16,407,000	-18,747,000	-18,253,000	-19,128,000	-29,774,000	-20,383,000	-21,037,000	-15,069,000	-14,604,000	-11,532,000	-15,560,000	-1,885,000	-2,000,000	-1,683,000	3,708,000	-1,689,000	-1,640,000	-1,439,000
income before income tax benefit	-7,059,000	4,189,000		17,176,000	-1,231,000	479,000		84,836,750	308,403,000	16,530,000	14,414,000	16,388,000	19,185,000	28,780,000	17,587,000	19,169,000	28,928,000		10,323,000					-7,753,000	-9,247,000	-15,752,000	-8,669,000	-15,569,000	-5,346,000	4,491,000	5,149,000	-10,467,000	504,000	578,000	3,635,000	4,873,000	1,393,000
income tax benefit	2,401,000	443,000		-5,237,750	6,398,000	144,000		-18,554,750	-67,187,000	-4,248,000	-2,784,000	1,434,250	-5,182,000	-7,560,000	18,479,000	-70,000	123,000		297,000	180,000	17,000	-206,000	-52,000	81,000	-200,000	1,344,000	651,000	-9,745,000	2,222,000	-897,000	-1,219,000	-2,972,000	8,051,000	1,135,000	1,707,000	5,086,000	-91,000															-235,000	-87,000																														355,000
net income	-4,658,000	4,632,000	2,499,000	2,978,000	5,167,000	623,000	41,963,000	-9,372,000	241,216,000	12,282,000	11,630,000	11,057,000	14,003,000	21,220,000	36,066,000	19,099,000	29,051,000	103,006,000	10,620,000	-18,469,000	-6,956,000	-78,566,000	-32,620,000	-7,672,000	-9,447,000	-14,408,000	-8,018,000	-25,314,000	-3,124,000	3,594,000	3,930,000	-13,439,000	8,555,000	1,713,000	5,342,000	9,959,000	1,302,000	2,800,000	2,239,000	23,406,000	3,018,000		-1,725,000				-1,768,000																					-4,453,000	-5,721,000											2,942,000	-14,812,000	-7,770,000	-2,119,000
yoy	-190.15%	643.50%	-94.04%	-131.78%	-97.86%	-94.93%	260.82%	-184.76%	1622.60%	-42.12%	-67.75%	-42.11%	-51.80%	-79.40%	239.60%	-203.41%	-517.64%	-231.11%	-132.56%	140.73%	-26.37%	445.29%	306.83%	-69.69%	202.40%	-500.89%	-304.02%	88.36%	-136.52%	109.81%	-26.43%	-234.94%	557.07%	-38.82%	138.59%	-57.45%	-56.86%		-229.80%				-2.43%
qoq	-200.56%	85.35%	-16.08%	-42.37%	729.37%	-98.52%	-547.75%	-103.89%	1863.98%	5.61%	5.18%	-21.04%	-34.01%	-41.16%	88.84%	-34.26%	-71.80%	869.92%	-157.50%	165.51%	-91.15%	140.85%	325.18%	-18.79%	-34.43%	79.70%	-68.33%	710.31%	-186.92%	-8.55%	-129.24%	-257.09%	399.42%	-67.93%	-46.36%	664.90%	-53.50%	25.06%	-90.43%	675.55%																												-22.16%												-119.86%	90.63%	266.68%
net income margin %	-3.01%	2.83%	1.55%	1.81%	3.20%	0.37%	24.11%	-4.06%	93.59%	4.28%	4.18%	3.95%	5.02%	7.33%	13.18%	6.77%	10.29%	35.22%	4.43%	-8.98%	-3.39%	-103.41%	-15.75%	-3.17%	-3.88%	-5.81%	-3.34%	-12.05%	-1.49%	1.66%	1.83%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	-Infinity%	NaN%	NaN%	NaN%	-Infinity%	NaN%	NaN%	NaN%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	60.15%	-51.01%	0%	0%	0%	0%	0%	0%	0%	0%	NaN%	NaN%	Infinity%	-Infinity%	-Infinity%	-Infinity%
weighted-average common shares outstanding																																																																																	22,296	22,289	22,267
basic	26,166,000	26,283,000	26,512,000	28,184,000	28,153,000	28,798,000	28,724,000	28,653,000	28,827,000	28,845,000	28,308,000	28,662,000	28,505,000	28,877,000	28,894,000	28,709,000	28,950,000	28,621,000	28,219,000	28,080,000	28,130,000	28,072,000	27,930,000	27,746,000	27,806,000	27,762,000	27,570,000	27,553,000	27,655,000	27,406,000	27,149,000	23,105,000	22,266,000	22,265,000	22,238,000	22,135,000	22,221,000	22,136,000	21,960,000	16,878,000	18,821,000	13,392,000		13,379,000	13,389,000	26,749,000		26,483,000	26,464,000	26,441,000	26,441,000	26,438,000	26,441,000	26,441,000	26,431,000	26,403,000	26,406,000	26,406,000	26,398,000	26,370,000	26,369,000	26,369,000	26,361,000	26,327,000	26,328,000	26,328,000
diluted	26,166,000	27,254,000	27,801,000	29,699,000	29,408,000	30,234,000	30,679,000	30,781,000	30,794,000	30,717,000	30,904,000	31,514,000	31,148,000	31,633,000	32,149,000	32,123,000																																												26,370,000	26,426,000	26,426,000	26,361,000	26,411,000	26,443,000	26,420,000
net income per share
basic	-0.18	0.18	0.09	0.13	0.18	0.02	1.46	-0.32	8.37	0.43	0.41	0.39	0.49	0.73	1.25	0.65	1	3.6	0.38	-0.66	-0.25	-2.8	-1.17	-0.28	-0.34	-0.52	-0.29	-0.92	-0.11	0.13	0.14	-0.61	0.38	0.08	0.24	0.45	0.06	0.13	0.1	1.38	0.16
diluted	-0.18	0.17	0.09	0.13	0.18	0.02	1.37	-0.27	7.83	0.4	0.38	0.36	0.45	0.67	1.12	0.52	0.91	3.26	0.35	-0.66	-0.25	-2.8	-1.17	-0.28	-0.34	-0.52	-0.29	-0.91	-0.11	0.12	0.13	-0.58	0.36	0.07	0.23	0.45	0.06	0.12	0.1	1.36	0.16
loss on sale of business						792,000
income before income tax provision			3,570,000				69,456,000											103,792,000																				3,411,000	2,298,000
income tax provision			-1,071,000				-27,493,000											-786,000																				-611,000	-59,000			17,000	155,000																																					265,250	1,061,000	707,000
gain on disposal of assets				-60,500	-256,000						-86,000
other operating							4,080,000	5,193,000	5,487,000	7,905,000	3,830,000	6,036,000	4,531,000	5,346,000	3,976,000	6,538,000	4,635,000	3,099,000	2,696,000	2,510,000	2,748,000	1,404,000	5,127,000	4,924,000	4,815,000	5,160,000	6,434,000	37,904,000	3,805,000	3,655,000	3,996,000	9,696,000	3,619,000	3,693,000	3,385,000	3,255,000	3,298,000	3,079,000	2,212,000	2,018,000	1,873,000	767,000	331,000	495,000	829,000	642,000	335,000	372,000	647,000	410,000	97,000	140,000	358,000
loss on debt extinguishment												-353,000	-158,000	-1,073,000
non-operating income
other non-operating income																		60,000,000
total non-operating income												-11,744,250	-15,867,000	-15,811,000		2,872,250	-16,294,000	43,831,000
impairment of goodwill and intangible assets																				6,092,000		21,411,000
change in fair value of derivative																							-1,000	-79,000	-352,000	-1,489,000	-2,248,000	-4,109,000	1,222,000	1,462,000	3,211,000
weighted-average common shares outstanding																																																																																	22,296	22,289	22,267
basic	26,166,000	26,283,000	26,512,000	28,184,000	28,153,000	28,798,000	28,724,000	28,653,000	28,827,000	28,845,000	28,308,000	28,662,000	28,505,000	28,877,000	28,894,000	28,709,000	28,950,000	28,621,000	28,219,000	28,080,000	28,130,000	28,072,000	27,930,000	27,746,000	27,806,000	27,762,000	27,570,000	27,553,000	27,655,000	27,406,000	27,149,000	23,105,000	22,266,000	22,265,000	22,238,000	22,135,000	22,221,000	22,136,000	21,960,000	16,878,000	18,821,000	13,392,000		13,379,000	13,389,000	26,749,000		26,483,000	26,464,000	26,441,000	26,441,000	26,438,000	26,441,000	26,441,000	26,431,000	26,403,000	26,406,000	26,406,000	26,398,000	26,370,000	26,369,000	26,369,000	26,361,000	26,327,000	26,328,000	26,328,000
dilutive impact of stock options and restricted stock units																734,500	2,904,000	2,990,000	2,195,000									446,750		2,258,000	2,379,000	388,000	1,825,000	1,023,000	529,000
diluted																7,884,250	31,854,000	31,611,000	30,414,000	35,000	28,130,000	28,072,000	27,930,000	32,000	27,806,000	27,762,000	27,570,000	-1,639,000	27,655,000	29,664,000	29,528,000	1,213,000	24,091,000	23,288,000	22,767,000	32,000	22,785,000	22,435,000	22,256,000	1,650,000	19,062,000	13,392,000		3,000	13,389,000	27,248,000		19,000	26,832,000	26,643,000	26,441,000	1,000	26,441,000	26,441,000	26,431,000	-24,000	26,406,000	26,431,000	26,428,000
severance expenses
acquisition and severance expenses																				343,000	24,000	367,000	2,976,000	393,000	428,000	1,123,000	1,544,000
loss on extinguishment and modification of debt																										-9,150,000
loss before income tax benefit																				-18,649,000	-6,973,000	-78,360,000	-32,568,000
impairment of goodwill																							6,461,000
acquisition expenses																												607,250	1,123,000	194,000	1,112,000
gain on contingent consideration
loss on disposal of property and equipment																												2,267,000	774,000	218,000	77,000	77,000	308,000			398,000	-344,000			1,500	8,000		-2,000	-2,000	37,000	-1,000	25,000			143,000						19,000	76,000
gross revenues																																196,631,000	113,748,000	116,162,000	112,135,000	112,145,000	109,208,000	107,462,000	95,580,000	90,787,000	65,580,000	16,027,000	13,530,000	13,439,000	16,720,000	14,936,000	13,261,000	12,017,000	16,016,000	8,589,000
less: promotional allowances																																-12,284,000	-5,426,000	-5,669,000	-5,489,000	-6,759,000	-4,982,000	-4,904,000	-4,546,000	-4,352,000	-3,068,000
net revenues																																184,347,000	108,322,000	110,493,000	106,646,000	105,386,000	104,226,000	102,558,000	91,034,000	86,435,000	62,512,000	15,329,000	12,766,000	12,825,000	15,930,000	14,107,000	12,310,000	11,445,000	15,492,000	8,549,000
acquisition and merger expenses																																	2,975,000	2,066,000
gain on revaluation of contingent consideration																																	-1,719,000
income from operations																																5,093,000	2,389,000	2,578,000	5,318,000	1,165,000	3,082,000	5,051,000	3,737,000	27,440,000	-7,752,000		-1,341,000				-1,647,000			-1,243,000	-1,878,000												-25,000				-48,000	-4,873,000	-5,104,000		-7,853,000									-123,000	-16,331,000	-8,618,000	-2,802,000
merger expenses																																					139,000	434,000	41,000	934,000	9,325,000
gain on sale of cost method investment																																											-750,000	-1,391,000		-1,000,000
impairments and other losses																																										351,000	331,000		20,997,000				3,356,000			139,000	1,986,000	1,399,000	929,000	5,938,000	1,102,000
loss on extinguishment of debt																																									-1,174,000																																		-3,830,000			-6,821,000
other comprehensive income																																									20,000					15,000
comprehensive income																																				9,959,000	1,302,000	2,800,000	2,239,000	23,406,000	3,038,000			-6,197,250	-23,079,000	72,000
dilutive impact of stock options																																					564,000	299,000	296,000	12,000	241,000					499,000		-15,000	368,000	202,000
diluted																7,884,250	31,854,000	31,611,000	30,414,000	35,000	28,130,000	28,072,000	27,930,000	32,000	27,806,000	27,762,000	27,570,000	-1,639,000	27,655,000	29,664,000	29,528,000	1,213,000	24,091,000	23,288,000	22,767,000	32,000	22,785,000	22,435,000	22,256,000	1,650,000	19,062,000	13,392,000		3,000	13,389,000	27,248,000		19,000	26,832,000	26,643,000	26,441,000	1,000	26,441,000	26,441,000	26,431,000	-24,000	26,406,000	26,431,000	26,428,000
gain on disposal of property and equipment
other comprehensive loss																																											-1,000	-20,000	-3,000		-14,000	-2,250	-9,000
charges related to arbitration award																																													2,530,000
gain on sale of land																																													-66,000
other income
total other expense																																								-627,750	-2,104,000
income before income taxes																																								-2,897,000	-9,856,000		-1,570,000				-1,768,000				-333,000
benefit for income taxes																																								3,175,500	12,874,000
revenues:
room																																										1,662,000	1,207,000	1,405,000	1,940,000	1,630,000	1,314,000	1,368,000	1,849,000	615,000	264,000	620,000	763,000
license fees and other																																										46,000	44,000	44,000	44,000	30,000	33,000	28,000	26,000	23,000	17,000	13,000	15,000	16,000	20,000	18,000	28,000	72,000	58,000
less promotional allowances																																										698,000	764,000	614,000	790,000	829,000	951,000	572,000	524,000	40,000
costs and expenses:
gain on sale of cost method investments
total costs and expenses																																										15,313,000	14,107,000	12,633,000	38,752,000	13,781,000	13,957,000	13,673,000	-3,266,000	9,792,000	5,182,000	4,713,000	6,158,000	3,620,000	3,550,000	8,238,000	8,031,000	12,193,000	5,530,000	44,996,000	6,418,000	6,811,000	8,749,000	7,059,000	6,798,000	8,074,000	7,163,000	22,952,000	18,161,000	18,618,000	15,431,000	13,823,000	12,726,000	15,514,000	12,419,000	11,390,000	10,812,000
earnings from operations																																										16,000		192,000	-22,822,000	326,000		-2,228,000	18,758,000			-1,301,750	-2,519,000	-1,101,000	-1,587,000	1,613,750	-10,490,000	15,840,000	1,225,000	-322,000	2,204,000	-3,467,000		542,750	723,000	1,496,000				-6,534,000		-6,753,000	-6,319,000	1,554,000	-7,282,000	7,537,000	884,000	15,543,000	10,242,000
other income:
interest income																																										48,000	45,000	41,000	39,000	38,000	33,000	33,000	1,276,000	1,741,000	1,753,000	1,667,000	1,614,000	1,578,000	1,583,000	1,517,000	1,439,000	1,513,000	1,468,000	1,271,000	1,682,000	1,847,000	2,247,000	2,749,000	1,669,000	1,753,000	1,862,000	-672,000	333,000	488,000	835,000	939,000	981,000	5,495,000	1,138,000	1,112,000	1,209,000	657,000	433,000	375,000	1,256,000	814,000	449,000
total other income																																										-178,000	-229,000	-250,000	-254,000	-269,000	-121,000	1,369,000	841,000	1,487,000	1,545,000	3,619,000	1,441,000	1,380,000	1,345,000	1,331,000	1,285,000	1,312,000	1,147,000	978,000	23,828,000	1,825,000	1,461,000	2,196,000	1,139,000	1,328,000	1,459,000	-1,090,000	48,000	261,000	530,000	651,000	701,000	5,517,000	-5,370,000	-2,660,000	2,545,000
earnings before income taxes																																										-162,000		-58,000	-23,076,000	57,000		-859,000	19,599,000	244,000		1,737,000	-1,078,000	279,000	-242,000	2,579,750	-9,205,000	17,152,000	2,372,000	-38,508,000	26,032,000	-1,642,000	1,436,000
net earnings																																										-179,000		-6,196,750	-23,076,000	57,000												9,485,000	1,380,000	-28,114,000	15,056,000	3,909,000	-4,687,000							-5,186,000		-6,587,000	-5,212,000	8,018,000	-12,093,000	5,816,000	199,000	3,248,000	11,683,000
other comprehensive earnings																																										3,000																						-2,430,000	2,288,000	2,820,000	1,025,000
comprehensive earnings																																										-176,000						4,875,250	19,590,000																					-5,565,000		-6,554,000	-5,182,000	6,551,000	-11,661,000	6,055,000	-144,000	2,232,000
loss per share
basic																																										-0.01
diluted																																										-0.01
comprehensive loss																																											-1,726,000				-1,782,000																					-5,372,750	-6,624,000		-9,302,000
weighted-average common shares outstanding																																																																																	22,296	22,289	22,267
basic and diluted																																											13,391,000				26,727,000
loss per share
basic and diluted																																											-0.13				-0.07
management fees																																																	1,384,000	3,650,000	2,728,000	1,395,000	1,885,000	2,503,000	1,943,000	1,255,000	222,000	28,085,000	5,835,000	4,654,000	8,155,000	4,784,000	6,937,000	5,245,000	6,602,000	7,048,000	7,266,000
recovery of impairment on notes receivable																																																	-17,382,000
gain on extinguishment of liabilities																																																	-3,752,000
amortization of intangible assets related to indian casino projects																																																	187,000	265,000														2,787,000	2,624,000	2,527,000	2,479,000	1,814,000	1,681,000	1,680,000	1,681,000	1,680,000	1,121,000
earnings per share																																																																-0.09	0.09	0.11
basic																																												-0.01	-1.72			-0.04	0.74	0.01	-0.01	0.07	-0.04		0.07	0.103		0.36	0.05
diluted																																												-0.01	-1.72			-0.03	0.73	0.01	-0.01	0.07	-0.04		0.07	0.103		0.36	0.05
net earnings including noncontrolling interest																																																-859,000	19,599,000	244,000	-333,000	1,972,000	-991,000	424,000	1,755,000	2,702,250	-56,000
net loss attributable to noncontrolling interests																																																						1,000	60,000	4,500	18,000
net earnings attributable to lakes entertainment, inc.																																																-859,000	19,599,000	244,000	-333,000	1,972,000	-991,000	425,000	1,815,000	2,706,750	-38,000
amortization of intangible assets related to operating casinos																																																			264,000	264,000	264,000	265,000	264,000	264,000	264,000	9,217,000	1,943,000	2,784,000	2,785,000	2,785,000	2,785,000
loss on convertible note receivable																																																									4,000,000
net unrealized losses on notes receivable																																																																			-163,000
dilutive effect of restricted stock units																																																								6,250
diluted																7,884,250	31,854,000	31,611,000	30,414,000	35,000	28,130,000	28,072,000	27,930,000	32,000	27,806,000	27,762,000	27,570,000	-1,639,000	27,655,000	29,664,000	29,528,000	1,213,000	24,091,000	23,288,000	22,767,000	32,000	22,785,000	22,435,000	22,256,000	1,650,000	19,062,000	13,392,000		3,000	13,389,000	27,248,000		19,000	26,832,000	26,643,000	26,441,000	1,000	26,441,000	26,441,000	26,431,000	-24,000	26,406,000	26,431,000	26,428,000
depreciation																																																						51,000	54,000	133,000	52,000	55,000	57,000	64,000	65,000	66,000	65,000	68,000	69,000	69,000	73,000													132,000	337,000	204,000	92,000
net unrealized gains on notes receivable																																																								-9,801,000	-2,709,000	-124,000	862,000	836,000	450,000	-1,458,000	1,770,000	-1,372,000	904,000	2,506,000										12,813,000	5,788,000	17,647,000
income taxes																																																						-145,000	-1,997,000	-2,744,000	-9,149,000	7,667,000	992,000	-10,394,000	10,976,000	-5,551,000	6,123,000	-9,000	-426,000	4,000	386,000	5,596,000	2,393,000	431,000	688,000	1,187,000	453,000	348,000		2,185,500	2,195,000	3,837,000	2,710,000
gain per share
basic																																																						0.02
diluted																																																						0.02
gain on divestiture of cost method investment																																																													23,100,000
equity in loss of unconsolidated investee																																																															-27,000	-231,000	-17,000
impairment losses — other																																																										635,000	874,000
dilutive effect of stock options and restrictive stock units																																																										25,000	30,000
diluted																7,884,250	31,854,000	31,611,000	30,414,000	35,000	28,130,000	28,072,000	27,930,000	32,000	27,806,000	27,762,000	27,570,000	-1,639,000	27,655,000	29,664,000	29,528,000	1,213,000	24,091,000	23,288,000	22,767,000	32,000	22,785,000	22,435,000	22,256,000	1,650,000	19,062,000	13,392,000		3,000	13,389,000	27,248,000		19,000	26,832,000	26,643,000	26,441,000	1,000	26,441,000	26,441,000	26,431,000	-24,000	26,406,000	26,431,000	26,428,000
equity in loss of unconsolidated investees																																																														-37,000
license fees																																																												20,000	17,000	18,000	17,000	16,000	15,000	16,000	12,000	-8,763,000	1,854,000	3,395,000
impairment losses																																																												1,000,500	632,000	707,000	2,664,000	1,289,000	597,000	1,711,000	569,000	22,039,000	1,923,000
earnings per share applicable to common shareholders — basic & diluted																																																												-1.06	0.57	0.15	-0.18
ohio initiative costs
earnings before income taxes and discontinued operations																																																																1,524,250	1,862,000	2,824,000	1,411,000
earnings before discontinued operations																																																																1,533,250	2,288,000	2,820,000	1,025,000
discontinued operations, net of tax
net earnings applicable to lakes entertainment, inc.																																																																-2,430,000	2,288,000	2,820,000
other comprehensive loss:
unrealized loss on securities, net of tax																																																																				-919,750	-903,000
earnings applicable to lakes entertainment, inc. per share
earnings — continuing operations																																																																-0.09	0.09	0.11
loss — discontinued operations
earnings per share																																																																-0.09	0.09	0.11
net earnings applicable to common shareholders																																																																			1,025,000			-5,186,000
earnings applicable to common shareholders per share — basic — continuing operations																																																																			0.04
earnings applicable to common shareholders per share — basic — discontinued operations
earnings applicable to common shareholders per share — basic																																																																			0.04			-0.21
earnings applicable to common shareholders per share — diluted — continuing operations																																																																			0.04
earnings applicable to common shareholders per share — diluted — discontinued operations
earnings applicable to common shareholders per share — diluted																																																																			0.04			-0.21
weighted-average common shares outstanding — basic																																																																			26,325	25,201	25,184	24,928		23,948	24,393	23,829	22,970	22,773	22,876	22,875	22,406
dilutive effect of common stock equivalents																																																																			61							2,077		55	1,752	2,041	1,709
weighted-average common shares outstanding — diluted																																																																			26,386	25,201		24,928		23,948	24,393	25,906	22,970	24,654	24,628	24,916	24,115
management, consulting and development fees																																																																				5,453,000	8,370,000	5,867,000	4,580,000	3,230,000	2,580,000	386,000	449,000
host fees, sponsorship, online gaming and other																																																																				1,023,250	991,000	1,697,000	1,405,000	2,040,000	1,732,000	1,671,000	755,000
production costs																																																																				1,613,000	997,000	2,784,000	2,670,000	1,630,000	1,355,000	3,087,000	2,152,000	1,983,000	1,737,000	4,176,000	2,420,000	1,862,000	8,125,000	7,564,000	3,187,000
net realized and unrealized gains on notes receivable																																																																				-18,820,000	1,842,000	1,125,000	-1,983,000	-1,274,000	-600,000	8,939,000	165,000
loss before income taxes and minority interest in net loss of subsidiary																																																																				-4,663,000	-5,056,000		-7,323,000
loss before minority interest in net loss of subsidiary																																																																				-5,541,000	-7,449,000		-8,011,000
minority interest in net loss of subsidiary																																																																				1,088,000	1,728,000	1,518,000	1,106,000									329,250	1,317,000	735,000
stock warrant inducement discount																																																																										1,444,000
net loss applicable to common shareholders																																																																				-4,453,000	-5,721,000		-6,905,000
other comprehensive earnings:
change in estimated fair value of derivative
loss applicable to common shareholders per share — basic																																																																				-0.18	-0.23
loss on abandonment of online gaming assets																																																																										2,270,000
net impairment losses																																																																											331,000					788,000	94,000
amortization of debt issuance costs																																																																											-95,000	-1,040,000	139,000
earnings before income taxes and minority interest in net loss of subsidiary																																																																						-6,273,000
earnings before minority interest in net loss of subsidiary																																																																						-6,704,000
unrealized loss on marketable securities, net of tax																																																																						-379,000				-23,000
license fee income																																																																							3,576,000	3,074,000	2,695,000	6,072,000	3,768,000	5,122,000	4,672,000	8,750,000	4,677,000	4,319,000	10,568,000	8,804,000	3,463,000
unrealized gains (loss) on marketable securities, net of tax																																																																							-2,397,000	33,000	30,000
loss applicable to common shareholders per share — basic and diluted																																																																							-0.28
weighted-average common shares outstanding — basic and diluted																																																																							24,604									22,300
interest expense, related party																																																																															-137,000
interest expense, other																																																																								-305,000	-330,000		-2,588,000	-3,177,000	-3,210,000	-1,303,000	-531,000
gain on sale of investment
earnings before income taxes and minority interest in net (earnings) loss of subsidiary																																																																								-2,227,500	-5,618,000	7,071,000
earnings before minority interest in net (earnings) loss of subsidiary																																																																								-7,289,000	-6,071,000	6,723,000	-12,974,000
minority interest in net (earnings) loss of subsidiary																																																																								-20,376,000	859,000	1,295,000	881,000	417,000	-1,035,000	-981,000	-1,367,000
net earnings available to common shareholders																																																																								-2,115,250	-5,212,000	6,574,000
earnings available to common shareholders per share — basic																																																																								-0.09	-0.21	0.28
earnings available to common shareholders per share — diluted																																																																								-0.09	-0.21	0.25
earnings before income tax and minority interest in net (earnings) loss of subsidiary																																																																											-12,652,000
income tax																																																																											322,000
unrealized gains on marketable securities, net of tax																																																																											23,000	19,000	125,000
change in estimated fair value of derivatives																																																																											409,000	220,000	-468,000	-161,000
earnings per share — basic																																																																											-0.53	0.25	0.01	0.14	0.52
earnings per share — diluted																																																																											-0.53	0.23	0.01	0.13	0.48
host fees, sponsorship and other																																																																												1,415,000	1,236,000	2,470,000	1,954,000	910,000	2,266,000	1,901,000	641,000
realized gain on sale of investment																																																																												2,554,000	4,541,000		5,675,000
earnings before income taxes, equity in earnings of unconsolidated investees and minority interest in net (earnings) loss of subsidiary																																																																												6,814,000	3,429,000
earnings before equity in earnings of unconsolidated investees and minority interest in net (earnings) loss of subsidiary																																																																												5,402,000	1,234,000	4,229,000
equity in earnings of unconsolidated investees, net of tax
earnings before income taxes, equity in earnings (loss) of unconsolidated investees and minority interest in net (earnings) loss of subsidiary																																																																														8,066,000
net unrealized gain on notes receivable																																																																															15,476,000	5,456,000	-241,000	1,880,000	2,836,000
earnings before income taxes, equity in earnings of unconsolidated investees and minority interest in net earnings (loss) of subsidiary																																																																															15,760,000
earnings before equity in earnings of unconsolidated investees and minority interest in net earnings of subsidiary																																																																															13,050,000
equity in earnings of investees, net of tax
loss before income taxes, equity in earnings of investments and minority interest																																																																																-3,768,750	-15,075,000	-7,804,000
loss before equity in earnings of investments and minority interest																																																																																-4,034,000	-16,136,000	-8,511,000
equity in earnings of investments, net of tax																																																																																1,750	7,000	6,000	13,000
loss before minority interest																																																																																-4,032,250	-16,129,000	-8,505,000
loss per share, basic and diluted																																																																																-0.165	-0.66	-0.35	-0.1
weighted-average common shares outstanding																																																																																	22,296	22,289	22,267
income before income taxes, equity in earnings of investments and minority interest																																																																																			-2,353,000
income before equity in earnings of investments and minority interest																																																																																			-2,708,000
income before minority interest																																																																																			-2,695,000
minority interest in net income of subsidiary																																																																																			576,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-28	2015-03-29	2014-12-28	2014-09-28	2014-06-29	2013-12-29	2013-09-29	2013-06-30	2013-03-31	2012-12-30	2012-09-30	2012-07-01	2012-04-01	2012-01-01	2011-10-02	2011-07-03	2011-04-03	2011-01-02	2010-10-03	2010-07-04	2010-04-04	2010-01-03	2009-09-27	2009-06-28	2009-03-29	2008-12-28	2008-09-28	2008-06-29	2008-03-30	2007-12-30	2007-09-30	2007-07-01	2007-04-01	2006-12-31	2006-10-01	2006-07-02	2006-04-02	2006-01-01	2005-10-02	2005-07-03	2005-04-03	2005-01-02

assets
current assets
cash and cash equivalents	58,265,000	52,308,000	50,495,000	57,725,000	68,551,000	88,638,000	404,338,000	157,550,000	261,161,000	120,823,000	110,474,000	136,889,000	170,486,000	179,163,000	202,283,000	220,540,000	219,284,000	152,522,000	145,442,000	103,558,000	100,432,000	86,159,000	301,768,000	111,678,000	123,829,000	116,689,000	108,259,000	116,071,000	132,367,000	140,330,000	133,694,000	90,579,000	42,911,000	49,809,000	45,170,000	46,898,000	39,963,000	61,705,000	66,454,000	69,000,000	43,156,000	42,459,000	33,967,000	35,000,000	33,356,000	38,164	37,897,000	41,932,000	26,753,000	23,369,000	32,480,000	28,793,000	35,211,000	39,441,000	38,557,000	44,296,000	60,386,000	31,426,000	45,233,000	46,905,000					10,836,000	9,866,000	6,170,000				9,248,000	7,921,000	18,629,000	8,925,000	9,759,000	10,107,000	37,377,000	19,329,000	9,912,000	16,723,000	24,436,000	36,949,000	28,717,000
accounts receivable	13,668,000	13,586,000	15,473,000	13,176,000	13,535,000	16,847,000	17,691,000	16,951,000	16,720,000	12,616,000	15,097,000	20,495,000	20,951,000	18,559,000	20,535,000	18,720,000	20,773,000	80,613,000	15,087,000	13,708,000	13,317,000	13,763,000	11,979,000	16,247,000	13,940,000	15,348,000	16,129,000	12,779,000	15,146,000	13,297,000	14,046,000	14,692,000	9,117,000	6,428,000	5,939,000	6,697,000	4,519,000	5,405,000	4,983,000		4,492,000												24,000	167,000	117,000	12,000	20,000	2,864,000	1,696,000	3,960,000	2,397,000	3,375,000	1,457,000	2,220,000	3,689,000	3,588,000	2,407,000	5,143,000	3,942,000	5,045,000	3,570,000	4,453,000	3,350,000	2,387,000	2,963,000	2,794,000		2,633,000	3,072,000	1,509,000	1,402,000	1,223,000	2,038,000
prepaid expenses and other	23,331,000	24,217,000	22,321,000	24,883,000
inventories	7,565,000	7,839,000	7,888,000	8,008,000	7,569,000	7,032,000	7,277,000	8,097,000	7,381,000	7,778,000	7,239,000	8,117,000	6,705,000	7,194,000	7,427,000	6,637,000	5,771,000	5,682,000	5,560,000	5,639,000	6,144,000	6,649,000	7,130,000	8,237,000	7,379,000	8,557,000	7,080,000	6,759,000	5,852,000	6,867,000	5,363,000	5,594,000	2,747,000	3,036,000	3,151,000	2,605,000	2,583,000	2,694,000	2,490,000
total current assets	102,829,000	97,950,000	96,177,000	103,792,000	105,492,000	130,114,000	449,767,000	409,442,000	507,635,000	449,983,000	455,666,000	244,573,000	266,014,000	228,127,000	257,673,000	263,938,000	269,188,000	263,695,000	190,006,000	140,731,000	143,693,000	127,244,000	346,535,000	160,429,000	167,354,000	165,483,000	156,153,000	156,759,000	172,461,000	179,614,000	171,983,000	133,079,000	68,565,000	66,047,000	65,537,000	69,647,000	59,341,000	80,758,000	82,605,000		60,229,000	88,204,000	82,413,000		83,042,000	88,188	90,925,000	95,242,000	34,308,000	28,089,000	35,896,000	36,110,000	43,991,000	48,312,000	46,485,000	49,295,000	62,466,000	38,285,000	51,317,000	61,032,000	35,680,000	42,232,000	38,674,000	42,844,000	25,629,000	21,823,000	18,960,000	31,775,000	22,185,000	26,700,000	69,392,000	70,062,000	80,575,000	67,533,000	88,029,000	81,213,000	85,564,000	61,466,000	42,463,000	48,665,000	53,851,000	60,666,000	62,214,000
property and equipment	718,515,000	731,678,000	740,848,000	750,894,000	764,990,000	778,371,000	789,557,000	786,145,000	808,178,000	815,239,000	812,308,000	840,731,000	841,870,000	875,962,000	890,625,000	904,220,000	919,754,000	935,154,000	954,147,000	975,750,000	996,856,000	1,018,297,000	1,040,974,000	1,046,536,000	1,038,692,000	1,030,148,000	1,023,182,000	894,953,000	886,534,000	884,493,000	883,978,000	895,241,000	148,048,000	142,028,000	140,643,000	137,581,000	136,419,000	135,410,000	121,372,000		120,219,000	35,421,000	35,666,000		41,526,000	40,656	37,200,000	34,904,000	32,496,000	25,141,000	16,898,000	14,992,000	8,224,000	8,175,000	8,170,000	8,148,000	4,998,000	5,051,000	5,103,000	5,169,000	5,209,000	5,269,000	5,334,000	10,791,000	10,845,000	10,913,000	10,985,000	16,583,000	16,667,000	16,743,000	16,633,000	16,857,000	16,877,000	17,871,000	17,460,000	17,163,000	15,209,000	13,621,000	13,451,000	12,555,000	7,889,000	7,310,000
operating lease right-of-use assets	70,467,000	71,241,000	74,895,000	78,467,000	80,758,000	83,858,000	79,175,000	79,396,000	75,167,000	77,717,000	80,619,000	147,893,000	156,920,000	161,471,000	170,775,000	179,251,000	186,527,000	195,267,000	199,391,000	180,553,000	184,155,000	188,041,000	196,434,000	203,531,000	148,911,000	158,085,000	163,044,000
goodwill	86,540,000	86,540,000	86,540,000	86,540,000	88,313,000	88,313,000	84,325,000	84,325,000	80,751,000	80,751,000	80,751,000	158,396,000	158,396,000	158,396,000	158,396,000	158,396,000	158,396,000	158,396,000	158,396,000	158,396,000	160,199,000	159,053,000	177,864,000	184,325,000	182,870,000	182,870,000	182,870,000	158,134,000	158,134,000	158,134,000	158,134,000	158,134,000	105,655,000	105,655,000	105,655,000	105,655,000	105,655,000	104,730,000	98,222,000		90,639,000
intangible assets	51,377,000	52,047,000	52,717,000	53,387,000	54,684,000	55,354,000	53,469,000	53,935,000	49,063,000	49,376,000	49,718,000	89,552,000	91,372,000	94,296,000	96,169,000	98,058,000	99,970,000	101,908,000	103,910,000	106,109,000	114,511,000	121,260,000	129,468,000	135,151,000	141,125,000	146,806,000	151,998,000	141,128,000	144,815,000	148,912,000	153,302,000	157,692,000	92,995,000	94,917,000							81,814,000																																57,349,000	56,842,000	54,279,000
other assets	6,315,000	6,414,000	6,906,000	6,826,000	7,347,000	7,860,000	8,287,000	9,532,000	9,110,000	9,358,000	9,000,000	15,703,000	15,516,000	13,544,000	11,803,000	11,701,000	10,432,000	10,282,000	9,343,000	9,410,000	9,513,000	10,041,000	10,993,000	10,945,000	11,767,000	11,278,000	12,936,000	15,595,000	20,423,000	18,071,000	16,127,000	13,242,000
total assets	1,036,043,000	1,045,870,000	1,058,083,000	1,079,906,000	1,101,584,000	1,181,221,000	1,501,931,000	1,452,283,000	1,544,663,000	1,494,246,000	1,499,884,000	1,508,670,000	1,547,673,000	1,546,849,000	1,604,139,000	1,615,564,000	1,644,267,000	1,664,702,000	1,615,193,000	1,570,949,000	1,608,927,000	1,623,936,000	1,902,268,000	1,740,917,000	1,690,719,000	1,694,670,000	1,690,183,000	1,366,569,000	1,390,260,000	1,396,904,000	1,390,938,000	1,365,175,000	435,641,000	422,518,000	418,846,000	419,078,000	408,328,000	429,308,000	400,619,000	379,000,000	345,378,000	119,226,000	120,349,000	122,000,000	122,100,000	146,272	147,261,000	150,282,000	131,526,000	120,621,000	119,722,000	117,536,000	117,441,000	117,916,000	116,000,000	128,854,000	136,433,000	119,904,000	126,646,000	174,662,000	154,543,000	172,726,000	173,737,000	178,023,000	172,423,000	167,079,000	165,444,000	245,101,000	240,124,000	245,908,000	256,101,000	265,157,000	256,557,000	243,034,000	361,176,000	353,077,000	350,962,000	268,463,000	230,610,000	212,834,000	211,569,000	213,199,000	209,089,000
liabilities and shareholders’ equity
current liabilities
current portion of long-term debt and finance leases	6,748,000	7,289,000	5,321,000	5,308,000	5,294,000	4,699,000	5,199,000	4,596,000	4,911,000	1,296,000	477,000	555,000	558,000	655,000	655,000	1,057,000	1,505,000	1,956,000	11,450,000	11,142,000	10,249,000	7,173,000	8,041,000	8,497,000	6,176,000	1,875,000	9,907,000
current portion of operating leases	15,023,000	14,776,000	15,016,000	15,128,000	14,955,000	14,776,000	13,766,000	13,745,000	13,213,000	13,074,000	12,989,000	42,200,000	43,953,000	36,885,000	38,770,000	40,151,000	41,076,000	42,714,000	41,364,000	35,725,000	33,338,000	33,703,000	33,713,000	33,883,000	25,822,000	29,351,000	36,050,000
accounts payable	20,124,000	17,214,000	18,538,000	21,692,000	19,392,000	18,698,000	28,336,000	18,702,000	22,195,000	18,521,000	17,722,000	25,168,000	18,834,000	20,434,000	23,880,000	19,102,000	16,710,000	16,227,000	20,893,000	20,179,000	26,740,000	39,936,000	29,938,000	30,146,000	28,710,000	30,581,000	24,189,000	27,812,000	19,933,000	21,364,000	16,380,000	19,470,000	16,235,000	10,343,000	8,985,000	11,739,000	10,795,000	8,411,000	8,572,000		6,130,000	535,000	457,000		364,000	427	420,000	656,000	611,000	794,000	433,000	660,000	266,000	660,000	354,000	325,000	780,000	625,000	292,000	581,000	528,000	459,000	637,000	713,000	705,000	659,000	531,000	1,249,000	2,061,000	1,753,000	1,559,000	2,348,000	2,392,000	3,840,000	5,345,000	5,236,000	5,989,000	9,183,000	8,394,000	12,970,000	3,464,000	1,490,000	780,000
income tax payable	34,000		13,415,000	12,344,000	6,090,000	74,050,000	77,253,000	42,055,000	62,750,000
accrued payroll and related	22,233,000	18,309,000	18,902,000	16,878,000	18,821,000	17,640,000	17,484,000	21,406,000	20,678,000	17,968,000	19,556,000	21,227,000	24,514,000	24,975,000	24,188,000	31,309,000	33,121,000	31,602,000	27,794,000	21,362,000	21,291,000	19,718,000	22,597,000	27,221,000	22,166,000	24,545,000	22,589,000	19,780,000	15,775,000	17,970,000	19,454,000	22,570,000	4,705,000	4,725,000	3,647,000	3,478,000	3,435,000	4,635,000	4,731,000		3,614,000	1,319,000	1,437,000		1,609,000	1,161	1,403,000	1,303,000	1,189,000	644,000	737,000	748,000	431,000	359,000	534,000	610,000	433,000	377,000	776,000	1,047,000	730,000	1,175,000	890,000	950,000
accrued liabilities	29,609,000	29,638,000	29,838,000	29,637,000	30,200,000	39,459,000	48,181,000	34,639,000	34,505,000	28,832,000	36,680,000	33,365,000	40,882,000	36,415,000	47,212,000	35,347,000	47,391,000	40,448,000	40,365,000	30,305,000	33,046,000	25,465,000	32,089,000	25,522,000	35,475,000	28,360,000	22,462,000	18,848,000	18,135,000	20,447,000	21,635,000	19,295,000
total current liabilities	93,771,000	87,226,000	101,030,000	100,987,000	94,752,000	169,322,000	190,219,000	174,376,000	204,491,000	149,623,000	161,896,000	132,702,000	139,084,000	119,364,000	134,705,000	126,966,000	139,803,000	132,947,000	141,866,000	118,713,000	131,740,000	128,424,000	132,370,000	132,764,000	125,289,000	122,778,000	124,032,000	83,460,000	69,076,000	75,523,000	74,175,000	77,758,000	43,205,000	36,982,000	34,452,000	37,839,000	33,670,000	55,258,000	30,488,000		21,400,000	5,104,000	5,754,000		5,187,000	6,025	4,861,000	5,173,000	5,792,000	5,708,000	4,243,000	3,781,000	2,465,000	2,559,000	2,343,000	2,549,000	10,115,000	2,856,000	10,831,000	30,025,000	22,340,000	43,856,000	40,101,000	39,596,000	40,051,000	40,494,000	40,141,000	36,801,000	27,530,000	26,154,000	27,466,000	29,892,000	24,888,000	28,050,000	29,349,000	29,167,000	26,922,000	33,052,000	27,761,000				13,857,000
long-term debt, net and non-current finance leases	417,274,000	423,272,000	399,277,000	405,278,000	386,274,000	388,243,000	660,874,000	658,521,000	716,493,000	895,602,000	901,405,000	900,464,000	926,540,000	950,939,000	986,542,000	1,010,469,000	1,034,382,000	1,082,787,000	1,125,024,000	1,126,970,000
non-current operating leases	69,876,000	71,074,000	74,690,000	78,328,000	80,953,000	84,374,000	80,927,000	81,325,000	77,725,000	80,517,000	83,609,000	121,979,000	129,255,000	140,887,000	148,131,000	155,098,000	161,251,000	168,541,000	173,841,000	160,248,000	165,644,000	169,246,000	177,464,000	184,301,000	138,104,000	143,426,000	142,444,000
deferred income tax liabilities	20,915,000	20,915,000	20,915,000	20,915,000	26,263,000					53,000	53,000	53,000
other long-term obligations	54,000	88,000	133,000	171,000	210,000	250,000	289,000	328,000	370,000	407,000	448,000	552,000	592,000	631,000	1,503,000	1,629,000	1,567,000	1,787,000	2,026,000	2,236,000	2,329,000	2,423,000	2,517,000	2,646,000	1,246,000	1,340,000	1,482,000	4,801,000	3,277,000	3,251,000	3,163,000	3,226,000	2,991,000	3,759,000	4,318,000	4,085,000	4,419,000	4,024,000	3,912,000		2,996,000
total liabilities	601,890,000	602,575,000	596,045,000	605,679,000	588,452,000	642,189,000	932,309,000	914,550,000	999,079,000	1,126,202,000	1,147,411,000	1,155,750,000	1,195,471,000	1,211,821,000	1,270,881,000	1,296,023,000	1,338,848,000	1,388,015,000	1,443,980,000	1,409,687,000	1,430,353,000	1,441,896,000	1,643,417,000	1,451,173,000	1,394,508,000	1,391,581,000	1,374,861,000	1,051,417,000	1,032,823,000	1,040,117,000	1,039,643,000	1,044,184,000	205,085,000	202,134,000	202,494,000	209,652,000	210,244,000	234,255,000	186,100,000		160,877,000	13,377,000	14,384,000		14,465,000	15,627	15,182,000	18,082,000	19,155,000	8,656,000	7,545,000	7,421,000	6,429,000	6,832,000	6,911,000	7,399,000	15,234,000	8,374,000	16,661,000	36,153,000	31,196,000	53,397,000	50,298,000	52,421,000	49,978,000	47,387,000	47,394,000	42,399,000	33,640,000	32,891,000	34,808,000	37,815,000	24,888,000	28,050,000	133,820,000	133,804,000	131,039,000	53,463,000	37,761,000	32,905,000	23,924,000	20,125,000	13,857,000
commitments and contingencies
shareholders’ equity																																								210,000,000				108,000,000
common stock, .01 par value...	262,000	262,000	264,000	265,000	276,000	283,000	290,000	287,000	286,000	289,000	288,000	282,000	285,000	285,000	290,000	288,000	291,000	289,000	285,000	282,000	282,000	281,000	281,000	279,000	278,000	278,000	277,000	268,000	280,000	274,000	274,000	264,000	223,000	223,000	223,000	223,000	222,000		355,000		350,000	268,000	268,000		268,000	268	267,000	264,000	264,000	264,000	264,000	264,000	264,000	264,000	264,000	264,000				264,000	264,000	264,000	263,000	263,000	263,000	263,000	262,000	260,000	250,000	249,000		245,000	244,000	230,000	229,000	229,000
additional paid-in capital	481,225,000	479,166,000	481,368,000	481,810,000	480,282,000	478,567,000	473,130,000	475,970,000	474,450,000	471,265,000	467,977,000	480,060,000	476,867,000	473,696,000	470,672,000	477,829,000	472,190,000	472,511,000	470,047,000	470,719,000	468,612,000	465,123,000	463,368,000	461,643,000	460,439,000	457,870,000	455,696,000	435,245,000	432,618,000	428,850,000	426,952,000	399,510,000	295,677,000	294,059,000	291,741,000	290,157,000	288,775,000	286,912,000	285,650,000		281,282,000	205,750,000	205,690,000		205,556,000	205,487	205,212,000	204,486,000	204,247,000	204,085,000	203,964,000	203,874,000	203,780,000	203,849,000	203,747,000	203,604,000	203,497,000	203,313,000	203,148,000	203,558,000	203,452,000	203,343,000	202,767,000	202,500,000	201,631,000	201,698,000	201,082,000	197,773,000	193,117,000	192,658,000	190,228,000	189,148,000	188,824,000	177,792,000	176,419,000	174,519,000	170,720,000	169,298,000		158,316,000	158,130,000	158,118,000
accumulated deficit	-47,334,000	-36,133,000	-19,594,000							-103,510,000	-115,792,000	-127,422,000	-124,950,000	-138,953,000	-137,704,000	-158,576,000	-167,062,000	-196,113,000	-299,119,000	-309,739,000	-290,320,000	-283,364,000	-204,798,000	-172,178,000	-164,506,000	-155,059,000	-140,651,000	-120,361,000	-75,461,000	-72,337,000	-75,931,000	-78,783,000	-65,344,000	-73,898,000	-75,612,000	-80,954,000	-90,913,000	-92,215,000	-71,486,000																										-79,449,000	-82,269,000
total shareholders’ equity	434,153,000	443,295,000	462,038,000	474,227,000	513,132,000	539,032,000	569,622,000	537,733,000	545,584,000	368,044,000	352,473,000	352,920,000	352,202,000	335,028,000	333,258,000	319,541,000	305,419,000	276,687,000	171,213,000	161,262,000	178,574,000	182,040,000																																			121,199,000	111,530,000	109,985,000	138,509,000	123,347,000	119,329,000	123,439,000	125,602,000	122,445,000	119,692,000	118,050,000	193,322,000	195,280,000	200,430,000	207,298,000	212,772,000	216,462,000	198,867,000	210,592,000	202,637,000	203,523,000	199,867,000	178,383,000	168,929,000	175,821,000	181,454,000	183,392,000
total liabilities and shareholders’ equity	1,036,043,000	1,045,870,000	1,058,083,000	1,079,906,000	1,101,584,000	1,181,221,000	1,501,931,000	1,452,283,000	1,544,663,000	1,494,246,000	1,499,884,000	1,508,670,000	1,547,673,000	1,546,849,000	1,604,139,000	1,615,564,000	1,644,267,000	1,664,702,000	1,615,193,000	1,570,949,000	1,608,927,000	1,623,936,000																																117,916,000	116,000,000	128,854,000	136,433,000	119,904,000	126,646,000	174,662,000	154,543,000	172,726,000	173,737,000	178,023,000	172,423,000	167,079,000	165,444,000	245,101,000	240,124,000	245,908,000	256,101,000	265,157,000	256,557,000	243,034,000	361,176,000	353,077,000	350,962,000	268,463,000	230,610,000	212,834,000	211,569,000	213,199,000	209,089,000
assets held for sale								204,271,000	204,209,000	289,810,000	293,365,000	39,562,000	41,210,000
deferred income tax assets						37,351,000	37,351,000	29,508,000	14,759,000	11,822,000	11,822,000	11,822,000	17,585,000	15,053,000	18,698,000
liabilities related to assets held for sale								39,233,000	46,239,000	69,932,000	74,472,000	10,187,000	10,343,000
(accumulated deficit) retained earnings				-7,848,000																																																															-83,294,000
prepaid expenses					14,912,000	17,012,000	19,931,000	22,042,000	17,269,000	18,391,000	21,257,000	25,900,000	18,357,000	19,967,000	24,244,000	15,108,000	20,276,000	22,103,000	20,968,000	14,920,000	20,065,000	15,238,000	20,620,000	19,879,000	18,994,000	21,309,000	21,358,000	17,722,000	16,802,000	16,836,000	16,848,000	19,397,000	11,937,000	4,981,000	9,567,000	9,761,000	8,972,000	7,668,000	5,547,000		7,566,000							1,097,000	1,092,000																											880,000	600,000	991,000	614,000				1,233,000
other					925,000	585,000	530,000	531,000	895,000	565,000	8,234,000	13,610,000	8,305,000	3,244,000	3,184,000	2,933,000	3,084,000	2,775,000	2,949,000	2,906,000	3,735,000	5,435,000	5,038,000	4,388,000	3,212,000	3,580,000	3,327,000	3,428,000	2,294,000	2,284,000	2,032,000	2,599,000	1,656,000	1,600,000	1,517,000	1,346,000	951,000	1,028,000	1,053,000		2,716,000	3,059,000	2,301,000		2,359,000	2,419	1,774,000	1,096,000	2,166,000	2,541,000	1,255,000	1,851,000	1,169,000	1,257,000	1,013,000	940,000	1,184,000	1,370,000	1,983,000	2,245,000	2,280,000	2,511,000	2,367,000	1,163,000	3,605,000	4,677,000	4,781,000	5,084,000	5,051,000	5,116,000	5,176,000	5,615,000	5,244,000	7,091,000	8,450,000	4,856,000	5,174,000	4,807,000	3,360,000	4,247,000	3,045,000	2,417,000	2,024,000
retained earnings					32,574,000	60,182,000	96,202,000	61,476,000	70,848,000																																-97,131,000																											-1,046,000	4,675,000	9,861,000	16,766,000	23,353,000	27,398,000	20,826,000	34,357,000	28,541,000	28,342,000	25,093,000	13,410,000	10,469,000	17,510,000	23,161,000	25,280,000
deferred income taxes																1,861,000	1,845,000	1,953,000	1,223,000	1,520,000	1,700,000	1,717,000	1,511,000	1,088,000	797,000	598,000	1,942,000		7,893,000	7,680,000	7,414,000	7,787,000	10,760,000	2,813,000	1,678,000	38,000
accrued taxes, other than income taxes																					7,076,000	2,429,000	5,992,000	7,495,000	6,940,000	8,066,000	8,835,000	6,540,000	6,374,000	6,704,000	7,471,000	6,664,000	959,000	1,147,000	2,744,000	3,024,000	894,000	1,006,000	845,000		645,000	357,000	607,000		407,000	576	462,000	484,000
long-term debt, net and finance leases																					1,128,940,000	1,140,086,000	1,329,555,000	1,130,374,000	1,129,072,000	1,123,439,000	1,104,961,000
liabilities and shareholders' equity
shareholders' equity
total shareholders' equity																							258,851,000	289,744,000	296,211,000	303,089,000	315,322,000	315,152,000	357,437,000	356,787,000	351,295,000	320,991,000	230,556,000	220,384,000	216,352,000	209,426,000	198,084,000	195,053,000	214,519,000		184,501,000	105,849,000	105,965,000		107,635,000	130,645	132,079,000	132,200,000	112,371,000	111,965,000
total liabilities and shareholders' equity																							1,902,268,000	1,740,917,000	1,690,719,000	1,694,670,000	1,690,183,000	1,366,569,000	1,390,260,000	1,396,904,000	1,390,938,000	1,365,175,000	435,641,000	422,518,000	418,846,000	419,078,000	408,328,000	429,308,000	400,619,000		345,378,000	119,226,000	120,349,000		122,100,000	146,272	147,261,000	150,282,000	131,526,000	120,621,000	119,722,000	117,536,000	117,441,000
current portion of long-term debt																												10,480,000		9,038,000	9,235,000	9,759,000	13,932,000	15,401,000	15,055,000	15,752,000	14,545,000	13,288,000	11,610,000									794,000	475,000
long-term debt																												960,563,000	960,470,000	961,343,000	962,305,000	963,200,000	158,889,000	161,393,000	163,724,000	167,690,000	167,019,000	169,937,000	147,170,000		139,100,000	8,273,000	8,630,000		9,278,000	9,602	10,321,000	12,909,000	10,813,000																		2,000,000
current portion of long-term debt and capital leases																													8,859,000
income taxes receivable																																218,000	197,000	193,000	193,000	2,340,000	2,353,000	2,258,000	2,078,000		2,299,000	2,093,000	2,000,000		2,155,000	2,155	2,155,000	2,166,000	2,166,000	2,179,000	2,161,000	5,466,000	5,487,000	5,347,000	3,472,000	1,253,000
total other assets																																	219,028,000	214,443,000	212,666,000	211,850,000	212,568,000	213,140,000	196,642,000		175,915,000	3,176,000	9,644,000		5,511,000	24,568	24,677,000	25,108,000	25,167,000	25,210,000	24,387,000	24,552,000	23,221,000	18,793,000	17,833,000	19,330,000	11,954,000	11,864,000	5,877,000	9,299,000	11,211,000	19,140,000	19,174,000	8,705,000	26,756,000	26,661,000	26,617,000	39,078,000	45,082,000	46,800,000	12,564,000	18,806,000	9,825,000	9,941,000	11,860,000	29,830,000	35,802,000	18,391,000	21,938,000
other accrued expenses																																	7,374,000	5,366,000	4,021,000	3,846,000	3,729,000	3,979,000	4,349,000		3,454,000	1,206,000	1,903,000		1,440,000	2,497	1,325,000	1,936,000	2,126,000	2,946,000	1,808,000	1,164,000	613,000	436,000	400,000	606,000	394,000	543,000	615,000	593,000	1,031,000	860,000	927,000	1,016,000	838,000	1,008,000	1,383,000	2,259,000	1,907,000	2,166,000	2,074,000	2,209,000	1,635,000	1,718,000	1,879,000	2,714,000	2,191,000	2,326,000	2,159,000	3,611,000	5,946,000	4,518,000	3,449,000
customer relationships																																			69,807,000	71,168,000	72,530,000	73,891,000	66,094,000
other intangible assets																																			26,931,000	27,435,000	28,014,000	28,594,000	27,547,000
land held for sale																																									960,000										15,000	405,000	1,729,000	1,729,000	1,729,000	3,000,000
deposits																																					272,000	410,000	381,000		284,000	326,000											2,100,000	2,100,000	2,250,000
deferred taxes																																					5,136,000	5,036,000	4,530,000
dividend payable																																						23,529,000
shares issued and outstanding, respectively																																						356,000
golden entertainment, inc.
consolidated statements of operations and comprehensive income
results of continuing operations:
net revenues																																								177,000,000		15,329,000	12,766,000	55,000,000	15,930,000	14,107
income from operations																																								18,000,000			-1,341,000
net income per share																																								1,450,000
balance sheet:
total long-term liabilities																																								143,000,000				9,000,000			10,321,000	12,909,000	13,363,000
short-term investments																																										40,593,000	46,145,000		47,327,000	45,450	49,099,000	48,951,000																										52,732,000	59,863,000	65,677,000	44,311,000	35,907,000	26,735,000	27,471,000	26,566,000	19,447,000	28,930,000
accumulated depreciation																																									-10,985,000	-7,575,000	-7,374,000		-7,979,000	-7,140	-5,541,000	-4,972,000	-4,258,000	-3,865,000	-3,619,000	-3,376,000	-3,212,000	-3,160,000	-3,107,000	-3,050,000
land held for development																																										960,000	960,000		960,000	960	1,130,000	1,130,000	1,130,000	1,130,000	1,130,000	1,130,000	1,130,000		960,000	960,000	960,000	960,000	960,000	960,000	960,000	1,130,000	1,813,000	1,810,000	1,810,000	1,810,000	1,810,000	7,663,000	7,663,000	7,663,000	7,631,000	7,597,000	8,121,000	15,113,000	16,790,000	16,731,000	16,197,000	16,248,000	16,248,000	16,164,000	15,783,000	15,516,000	15,433,000
current portion of long-term debt, net of discount																																									7,273,000	1,361,000	1,350,000		1,367,000	1,364	1,251,000
debt issuance costs																																									-2,619,000																																		1,972,000	2,073,000	2,212,000
accumulated other comprehensive loss																																										-20,000	-23,000		-2,000			-9,000																								-19,000	-49,000	-26,000						-79,000	-42,000	-48,000	-6,000
the accompanying condensed notes are an integral part of these consolidated financial statements.
current assets:
other assets:
gaming license																																										1,805,000	1,840,000		1,910,000	1,945	2,015,000
current liabilities:
shareholders' equity:
deficit																																										-100,149,000	-99,970,000		-98,187,000	-75,111	-73,400,000	-72,541,000	-92,140,000	-92,384,000	-92,051,000	-94,023,000	-93,032,000	-93,457,000	-95,272,000	-82,600,000	-82,562,000	-92,047,000	-93,427,000	-65,313,000	-80,369,000	-84,278,000	-79,591,000	-77,161,000
revenues:
gaming																																										11,810,000	10,600,000		12,072,000	11,068
room																																										1,662,000	1,207,000		1,940,000	1,630
food and beverage																																										1,742,000	1,348,000		1,835,000	1,566
other operating																																										767,000	331,000		829,000	642
license fees and other																																										46,000	44,000		44,000	30
gross revenues																																										16,027,000	13,530,000		16,720,000	14,936
less promotional allowances																																										698,000	764,000		790,000	829
costs and expenses:
selling, general and administrative																																										5,539,000	6,135,000		5,455,000	5,723
gain on sale of cost method investments
impairments and other losses																																										351,000	331,000		20,997,000
(gain) loss on disposal of property and equipment																																											-2,000
depreciation and amortization																																										880,000	879,000		896,000	864
total costs and expenses																																										15,313,000	14,107,000		38,752,000	13,781
earnings from operations																																										16,000		-24,000,000	-22,822,000	326
other income:
interest income																																										48,000	45,000		39,000	38
interest expense																																										-262,000	-274,000		-297,000	-308
total other income																																										-178,000	-229,000		-254,000	-269
earnings before income taxes																																										-162,000			-23,076,000	57
income tax provision																																										17,000	155,000
net earnings																																										-179,000			-23,076,000	57
other comprehensive earnings																																										3,000
comprehensive earnings																																										-176,000
weighted-average common shares outstanding
basic																																										13,392,000			13,389,000	26,749
dilutive impact of stock options																																														499
diluted																																										13,392,000			13,389,000	27,248
loss per share
property held for sale																																											4,407,000
gain on sale of cost method investment																																											-750,000			-1,000
income before income taxes																																											-1,570,000
net income																																											-1,725,000
other comprehensive loss																																											-1,000		-3,000
comprehensive loss																																											-1,726,000
basic and diluted																																											13,391,000
earnings per share — basic																																												-1,860,000
earnings per share — diluted																																												-1,860,000
investment in unconsolidated investee																																														20,997	20,997,000	20,997,000	20,997,000	20,997,000	20,161,000	20,161,000	20,161,000	15,706,000	15,706,000	15,706,000	8,354,000											1,000,000	2,923,000
management fees
recovery of impairment on notes receivable
gain on extinguishment of liabilities
charges related to arbitration award																																													2,530,000
preopening expenses
amortization of intangible assets related to indian casino projects
gain on sale of land																																													-66,000
loss on disposal of property and equipment																																													37,000
income tax benefit
comprehensive income																																													-23,079,000	72
earnings per share
accumulated other comprehensive income																																														1
gain on disposal of property and equipment																																														-1
other comprehensive income																																														15
long-term assets related to indian casino projects:
notes and interest receivable, net of current portion and allowance																																																	40,661,000		38,247,000	37,103,000	36,052,000	35,081,000	34,160,000	33,575,000	32,583,000	31,808,000
intangible assets, net of accumulated amortization of 2.1 million
management fees receivable and other																																																	553,000	3,680,000	4,786,000	4,764,000	5,509,000	6,795,000	7,315,000
total long-term assets related to indian casino projects																																																	43,813,000	46,046,000	46,160,000	45,258,000	45,217,000	45,796,000	46,619,000	55,131,000	57,015,000	64,704,000	64,349,000	99,162,000	102,443,000	106,085,000	110,555,000	115,683,000	109,193,000	107,682,000	108,882,000	157,665,000	156,190,000	155,665,000	157,512,000	159,432,000	149,280,000	147,689,000	243,827,000	224,871,000	214,387,000	174,985,000	152,758,000	142,490,000	135,878,000	131,587,000	125,619,000
current portion of contract acquisition costs payable, net of 0.7 million discount
long-term contract acquisition costs payable, net of current portion and 0.7 million discount
license fee																																																2,050,000	2,085,000	2,100,000	2,100,000	2,100,000
management fees receivable																																																	2,131,000
intangible assets, net of accumulated amortization of 2.6 and 2.1 million																																																	2,599,000
current portion of contract acquisition costs payable, net of 0.6 and 0.7 million discount																																																	1,391,000
long-term contract acquisition costs payable, net of current portion and 0.4 and 0.7 million discount																																																	2,550,000
notes and interest receivable, net of allowance																																																		39,503,000
intangible assets, net of accumulated amortization of 2.4 and 2.1 million																																																		2,863,000
current portion of contract acquisition costs payable, net of 0.7 and 0.7 million discount																																																		1,324,000
long-term contract acquisition costs payable, net of current portion and 0.5 and 0.7 million discount																																																		2,948,000
current portion of notes receivable from indian casino projects																																																							1,076,000	694,000	876,000	1,696,000	2,405,000	7,864,000	6,616,000	8,246,000	6,671,000	4,011,000
intangible assets, net of accumulated amortization of 2.1 and 1.1 million																																																			3,127,000
current portion of contract acquisition costs payable, net of 0.7 and 0.9 million discount																																																			1,265,000
long-term contract acquisition costs payable, net of current portion and 0.7 and 1.4 million discount																																																			3,302,000
total lakes entertainment, inc. shareholders' equity																																																			112,177,000	110,115,000	111,012,000
noncontrolling interest																																																						428,000	350,000	187,000
total equity																																																			112,177,000	110,115,000	111,012,000	111,084,000	109,089,000	121,455,000
intangible assets, net of accumulated amortization of 1.9 and 11.7 million																																																				3,391,000
current portion of contract acquisition costs payable, net of 0.8 and 0.9 million discount																																																				1,209,000	1,155,000
long-term contract acquisition costs payable, net of current portion and 0.8 and 1.4 million discount																																																				3,640,000
intangible assets, net of accumulated amortization of 1.6 and 11.7 million																																																					3,656,000
long-term contract acquisition costs payable, net of current portion and 1.0 and 1.4 million discount																																																					3,964,000
intangible assets, net of accumulated amortization of 1.3 and 11.7 million																																																						3,920,000
current portion of contract acquisition costs payable, net of 0.9 and 0.9 million discount																																																						1,104,000
long-term contract acquisition costs payable, net of current portion and 1.2 and 1.4 million discount																																																						4,273,000
shareholders’ equity:
total lakes entertainment, inc. shareholders’ equity																																																						110,656,000	108,739,000	121,268,000
notes receivable at fair value																																																								9,641,000	12,201,000	12,122,000	11,129,000	10,141,000	9,545,000		13,254,000	14,421,000
intangible assets, net of accumulated amortization of 11.7 and 22.9 million																																																							4,184,000
current portion of contract acquisition costs payable, net of 0.9 and 1.2 million discount																																																							1,055,000
income taxes payable																																																									7,545,000		7,822,000	26,463,000	15,504,000	22,544,000	17,069,000	18,115,000	17,746,000	16,913,000	16,241,000	15,905,000	15,667,000	15,471,000	16,272,000	16,632,000	16,301,000	16,066,000	14,593,000	14,047,000	13,575,000	11,353,000	10,933,000	10,619,000	10,369,000	10,026,000	5,457,000
long-term contract acquisition costs payable, net of current portion and 1.4 and 2.4 million discount																																																							4,568,000
deposit																																																								2,100,000
intangible assets, net of accumulated amortization of 0.8 and 22.9 million																																																								4,448,000
management fee receivable and other																																																								6,507,000	6,558,000	5,884,000
current portion of contract acquisition costs payable, net of 1.0 and 1.2 million discount																																																								1,008,000	963,000
long-term contract acquisition costs payable, net of current portion and 1.6 and 2.4 million discount																																																								4,850,000
intangible assets, net of accumulated amortization of 0.5 and 22.9 million																																																									4,713,000
long-term contract acquisition costs payable, net of current portion and 1.9 and 2.4 million discount																																																									5,119,000
26,406 and 26,369 common shares issued and outstanding																																																									264,000	264,000
income tax receivable																																																										929,000
intangible assets, net of accumulated amortization of 24.9 and 22.9 million																																																										13,930,000
investment in unconsolidated investees																																																										8,354,000	2,367,000	2,367,000	4,267,000	12,414,000	12,441,000
current portion of contract acquisition costs payable, net of 1.1 and 1.2 million discount																																																										1,311,000
long-term contract acquisition costs payable, net of current portion and 2.2 and 2.4 million discount																																																										5,518,000
deferred tax asset																																																												58,000	51,000	111,000	111,000	4,149,000	1,930,000	557,000		1,906,000	4,006,000	4,498,000	4,878,000	6,333,000	6,354,000	6,360,000	6,248,000	4,526,000	4,540,000	5,883,000		95,000	162,000	166,000	137,000
investment securities, including rights																																																														21,917,000	24,317,000
notes receivable, net of current portion and allowance																																																											30,857,000
intangible assets, net of accumulated amortization of 22.9 and 20.1 million																																																											15,873,000
deferred taxes and other																																																											40,000	1,863,000	1,875,000	1,826,000	1,833,000
line of credit payable																																																														14,680,000	16,346,000	16,338,000
non-revolving line of credit payable																																																													2,000,000	2,000,000	2,000,000	2,000,000
current portion of contract acquisition costs payable, net of 1.2 and 2.1 million discount																																																											1,326,000
long-term contract acquisition costs payable, net of current portion and 2.4 and 4.1 million discount																																																											5,830,000
26,369 and 26,328 common shares issued and outstanding																																																											264,000
notes receivable, net of current portion																																																												47,749,000	48,900,000	47,609,000	46,100,000	47,545,000	57,330,000	56,032,000
intangible assets, net of accumulated amortization of 28.4 and 20.1 million																																																												35,321,000
current portion of contract acquisition costs payable, net of 1.3 and 2.1 million discount																																																												1,341,000
long-term contract acquisition costs payable, net of current portion and 2.6 and 4.1 million discount																																																												6,128,000
cash & cash equivalents																																																													24,336,000
intangible assets, net of accumulated amortization of 25.6 and 20.1 million																																																													38,106,000
current portion of contract acquisition costs payable, net of 1.9 and 2.1 million discount																																																													2,547,000
long-term contract acquisition costs payable, net of current portion and 3.2 and 4.1 million discount																																																													8,856,000
cash																																																														6,072,000	3,751,000	6,962,000
notes receivable at fair value, net of current portion																																																														11,859,000
intangible assets, net of accumulated amortization of 22.8 and 20.1 million																																																														40,891,000
current portion of contract acquisition costs payable, net of 1.8 and 2.1 million discount																																																														2,138,000
long-term contract acquisition costs payable, net of current portion and 3.7 and 4.1 million discount																																																														9,541,000
intangible assets, net of accumulated amortization of 20.1 and 9.7 million																																																															45,064,000
current portion of contract acquisition costs payable, net of 2.1 and 1.1 million discount																																																															2,232,000
long-term liabilities:
contract acquisition costs payable, net of current portion and 4.1 and 1.4 million discount																																																															10,197,000
long-term liabilities																																																															10,197,000	12,825,000	9,927,000	6,893,000					7,342,000	7,923,000						20,411,000
investment in securities, including rights																																																																24,339,000
intangible assets, net of accumulated amortization of 17.3 million and 9.7 million																																																																47,878,000
investment in kansas gaming partners, llc																																																																8,405,000
investments in securities, including put rights																																																																	26,700,000	26,599,000	26,544,000
current portion of contract acquisition costs payable, net of 2.1 million and 1.1 million discount																																																																2,464,000
contract acquisition costs payable, net of current portion and 4.6 million and 1.4 million discount																																																																10,825,000
current portion of notes receivable from indian tribes																																																																	8,558,000	7,070,000	9,151,000
other current assets																																																																	616,000	742,000	1,232,000	3,114,000	1,923,000	3,367,000	3,028,000	3,087,000	1,984,000	3,489,000	2,706,000	1,755,000	1,325,000	2,606,000	2,130,000	1,842,000	601,000	1,873,000	1,159,000
intangible assets, net of accumulated amortization of 14.7 million and 9.7 million																																																																	46,448,000
line of credit																																																																	18,001,000	18,018,000
current portion of contract acquisition costs payable, net of 1.6 million and 1.1 million discount																																																																	1,915,000
accrued payroll and related costs																																																																	846,000	2,052,000	1,745,000	2,355,000	1,677,000	2,574,000	2,788,000	2,395,000	2,003,000	1,284,000	2,480,000	2,031,000	1,816,000	790,000	1,125,000	941,000	697,000	490,000	891,000
non-revolving line of credit																																																																	2,000,000	2,000,000
contract acquisition costs payable, net of current portion and 3.1 million and 1.4 million discount																																																																	7,927,000
contingencies
intangible assets, net of accumulated amortization of 12.1 million and 9.7 million																																																																		45,163,000
current portion of contract acquisition costs payable, net of 1.0 and 1.1 million discount																																																																		1,844,000
contract acquisition costs payable, net of current portion and 1.2 million and 1.4 million discount																																																																		4,893,000
investments in securities
current assets of discontinued operations
notes receivable from indian tribes, less current portion of 9.2 million in 2008																																																																			54,705,000
intangible assets, net of accumulated amortization of 9.7 million and 2.8 million																																																																			47,586,000
other long-term assets																																																																			73,000	558,000	664,000	530,000	563,000	546,000	201,000	202,000	264,000	3,947,000	4,939,000	4,502,000	4,446,000				3,365,000
noncurrent assets of discontinued operations
short-term debt																																																																			18,152,000	11,697,000	2,760,000
current portion of contract acquisition costs payable, net of 0.5 and 1.2 million discount																																																																			2,089,000
current liabilities of discontinued operations
contract acquisition costs payable, net of current portion and 2.0 million and 2.5 million discount																																																																			5,253,000
minority interest in discontinued operations
series a convertible, nonvoting preferred stock, .01 par value...
accumulated other comprehensive earnings																																																																				-3,665,000	-2,762,000	-2,383,000	14,000				-458,000	-697,000	4,187,000	5,203,000
prepaid advertising																																																																				7,578,000
notes receivable from indian tribes																																																																				82,190,000	79,611,000	77,899,000	78,795,000	79,278,000	78,566,000	68,643,000	164,308,000	149,221,000	139,913,000	105,402,000	87,062,000				67,066,000
intangible assets, net of accumulated amortization of 7.9 million and 2.8 million																																																																				62,728,000
deferred revenue																																																																				1,010,000	1,125,000	1,984,000	2,870,000	4,458,000	2,557,000	5,142,000	4,740,000	5,139,000	3,351,000	9,400,000	5,150,000	4,764,000	3,448,000	3,601,000	3,280,000
current portion of contract acquisition costs payable, net of 1.1 million discount																																																																				2,326,000
contract acquisition costs payable, net of current portion and 1.7 million and 2.5 million discount																																																																				5,598,000
minority interest in subsidiary																																																																				9,380,000	11,204,000	12,587,000	13,995,000	14,570,000	15,207,000	16,117,000	16,764,000	16,636,000	16,400,000	15,133,000	14,466,000
investments in marketable securities																																																																						38,849,000	53,546,000	51,572,000	56,612,000
intangible assets, net of accumulated amortization of 6.2 million and 2.8 million																																																																					63,865,000
current portion of contract acquisition costs payable, net of 1.2 million discount																																																																					2,333,000		1,903,000
contract acquisition costs payable, net of current portion and 1.9 million and 2.5 million discount																																																																					6,110,000
notes receivable																																																																						1,133,000
intangible assets , net of accumulated amortization of 4.4 million and 2.8 million																																																																						64,987,000
investments in unconsolidated investee																																																																						2,923,000
current portion of contract acquisition costs payable, net of 1.3 million and 1.2 million discount																																																																						2,206,000
contract acquisition costs payable, net of 2.2 million and 2.5 million discount																																																																						6,737,000
series a convertible, nonvoting preferred stock, .01 par value with no dividend rights and no liquidation preference; authorized 7,500 shares; 4,458 issued and outstanding at march 30, 2008 and december 30, 2007																																																																						45,000
restricted cash																																																																											12,738,000	16,348,000	19,535,000
intangible assets , net of accumulated amortization of 2.8 million at december 30, 2007																																																																							65,910,000
investments																																																																							2,923,000	2,923,000	2,923,000	2,923,000	2,923,000	2,936,000	4,576,000	5,395,000	10,640,000	260,000	5,259,000	5,266,000	6,818,000
contract acquisition costs payable, net of 2.5 million discount																																																																							7,342,000
warrant liability
series a preferred stock, .01 par value...																																																																								45,000	45,000	45,000	45,000	45,000
and outstanding at december 30, 2007 and december 31, 2006, respectively																																																																							45,000
24,516 and 22,949 issued and outstanding
at december 30, 2007, and december 31, 2006, respectively																																																																							245,000
notes receivable — current																																																																								3,029,000
intangible assets, net of accumulated amortization of 1.1 million at september 30, 2007																																																																								66,942,000
current portion of contract acquisition costs payable related to indian casino projects, net of 1.2 million discount																																																																								1,850,000
long-term debt, other, net of unamortized discount of 0.9 million at december 31, 2006
contract acquisition costs payable related to indian casino projects, net of 2.8 million discount																																																																								7,923,000
accrued interest																																																																											312,000
long-term debt, related party
long-term debt, other, net of unamortized discount of 0.9 million																																																																											104,471,000
intangible assets related to indian casino projects																																																																												54,063,000
long-term debt, other, net of unamortized discount of 1.0 million																																																																												104,637,000	104,117,000
(balance includes 30.5 million and 26.7 million of wpt enterprises, inc. short-term investments) accounts receivable, net of allowance of 0.0 million and 0.1 million																																																																													1,951,000
intangible assets related to acquisition of management contracts																																																																													53,103,000	48,528,000	46,088,000				41,096,000
debt issuance costs, net of amortization of 0.1 million and 0.0 million																																																																														2,611,000
long-term debt, other, net of unamortized discount of 4.5 million and 0.0 million																																																																														20,411,000
long-term liabilities, related party																																																																															10,000,000
common shares issued by subsidiary subject to repurchase																																																																																	639,000	629,000	618,000
additional paid-in-capital																																																																															154,301,000				157,895,000
accumulated other comprehensive gain																																																																															10,449,000
prepaids																																																																																1,025,000	684,000	1,008,000
long-term assets related to indian casino projects
notes receivable, indian tribes																																																																																77,789,000	73,803,000	71,609,000
intangible asset related to acquisition of management contracts																																																																																44,290,000	43,247,000	42,045,000
minority interest																																																																																11,000,000	11,185,000	10,991,000	11,222,000
property and equipment-net																																																																																			6,795,000
land held under contract for sale

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-28	2015-03-29	2014-12-28	2014-09-28	2014-06-29	2014-03-30	2013-12-29	2013-03-31	2012-12-30	2012-09-30	2012-07-01	2012-04-01	2012-01-01	2011-10-02	2011-07-03	2011-04-03	2011-01-02	2010-10-03	2010-07-04	2010-04-04	2010-01-02	2009-09-27	2009-06-28	2009-03-29	2008-12-28	2008-09-28	2008-06-29	2008-03-30	2007-12-30	2007-09-30	2007-07-01	2007-04-01	2006-10-01	2006-07-02	2006-04-02	2006-01-01	2005-10-02	2005-07-03	2005-04-03

cash flows from operating activities
net income	-4,658,000	4,632,000	2,499,000	2,978,000	5,167,000	623,000	41,963,000	-9,372,000	241,216,000	12,282,000	11,630,000	11,057,000	14,003,000	21,220,000	36,066,000	19,099,000	29,051,000	103,006,000	10,620,000					-7,672,000	-9,447,000	-14,408,000	-8,018,000	-25,314,000	-3,124,000	3,594,000	3,930,000	-13,439,000	8,555,000	1,713,000	5,342,000	9,959,000	1,302,000	2,800,000	2,239,000	23,406,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	22,868,000	22,475,000	22,469,000	22,672,000	22,626,000	22,616,000	22,120,000	21,758,000	22,213,000	21,454,000	23,508,000	24,229,000	24,286,000	25,332,000	26,276,000	26,350,000	26,474,000	26,682,000	27,186,000	29,793,000	31,551,000	31,930,000	31,156,000	29,740,000	29,611,000	29,976,000	27,265,000	23,035,000	23,330,000	22,854,000	25,237,000	19,287,000	7,539,000	7,408,000	6,552,000	7,644,000	7,223,000	6,847,000	5,792,000	3,939,000	5,100,000	880,000	879,000	900,000	896,000	864,000	853,000	797,000	257,000	340,000																	280,000	275,000	253,000	248,000	265,000	275,000	278,000	691,000
non-cash lease benefit	-87,000	-111,000	-93,000
share-based compensation	2,059,000	2,052,000	2,890,000	1,733,000	2,924,000	2,346,000	3,041,000	2,800,000	3,434,000	3,288,000	3,290,000	3,162,000	3,282,000	3,295,000	3,141,000	5,639,000	2,950,000	2,586,000	2,669,000	2,107,000	3,510,000	1,755,000	2,153,000	1,205,000	2,578,000	2,122,000	4,140,000	2,578,000	2,501,000	2,718,000	1,844,000	3,402,000	1,603,000	2,322,000	1,427,000	1,369,000	1,654,000	450,000	405,000	399,000	291,000	60,000	59,000	60,000	67,000	71,000	72,000	82,000	122,000	90,000	94,000	94,000	108,000	143,000	107,000	184,000	176,000	111,000	106,000	109,000	179,000	184,000	70,000	168,000	83,000	-436,000	126,000	398,000	461,000	807,000	1,164,000	1,211,000	1,232,000	4,973,000
amortization of debt issuance costs and discounts on debt	390,000	390,000	392,000	392,000	394,000	485,000	937,000	960,000	980,000	1,054,000	1,079,000	943,000	914,000	1,119,000	1,117,000	973,000	1,041,000	1,174,000	1,155,000	1,147,000	1,136,000	1,123,000	1,113,000	1,105,000	956,000	1,210,000	1,261,000	1,263,000	1,248,000	1,284,000	1,267,000
loss on disposal of assets	1,901,000	79,000	-27,000			0	14,000	-103,000	-5,000			-1,000	266,000	710,000	-41,000	513,000	-72,000	610,000	209,000	-14,000	-474,000	702,000	589,000	320,000
gain on sale of business							-69,736,000
provision for credit losses	130,000	-34,000	61,000	54,000	-2,000	48,000	59,000	-107,000	249,000	269,000	232,000	126,000	327,000	112,000	188,000	371,000	43,000	244,000	-27,000	134,000
deferred income taxes				-5,348,000	63,614,000	0	-7,843,000	-14,749,000				5,816,000	-2,532,000	3,645,000	-20,559,000	16,000	-108,000	730,000	-297,000	-180,000	-17,000	206,000	423,000	291,000	199,000	-1,344,000	-651,000	10,486,000	-213,000	-266,000	373,000	2,973,000	-7,947,000	-1,135,000	-1,716,000	-5,101,000	106,000	611,000	59,000	2,512,000																						6,054,000	-2,219,000	-1,373,000	-557,000	1,906,000	2,100,000	492,000	380,000	1,455,000	20,000	7,000	-112,000	5,495,000
loss on debt extinguishment and modification				0	0			1,329,000	0						181,000	216,000
changes in operating assets and liabilities:
accounts receivable	-212,000	1,920,000	-2,357,000	304,000	3,320,000	795,000	-251,000	-254,000	-4,526,000	1,961,000	2,691,000	-101,000	-4,642,000	1,864,000	-2,003,000	1,682,000	59,797,000	-65,770,000	-1,352,000	-895,000	471,000	-2,245,000	4,268,000	-2,307,000	1,408,000	781,000	-1,734,000	2,367,000	-1,849,000	749,000	646,000	-174,000	-1,689,000	-488,000	758,000	-2,178,000	886,000	-422,000	-1,437,000	-161,000											-399,000						-1,168,000	2,264,000	-1,563,000	978,000	-1,918,000	-427,000	1,470,000	-102,000	-1,180,000	-23,000	-1,199,000	1,118,000	-1,492,000	884,000	-1,096,000	-971,000	566,000	294,000
prepaid expenses, inventories and other current assets	1,159,000	-1,846,000	2,682,000	-9,485,000	1,223,000	3,149,000	53,000	-4,503,000	130,000	9,674,000	6,690,000	-14,050,000	-4,305,000	4,450,000	-10,177,000	4,453,000	1,429,000	-1,083,000	-6,012,000
other assets	42,000	435,000	-138,000	464,000	458,000	507,000	-2,492,000	-680,000	-444,000	371,000	144,000	-261,000	-2,061,000	-1,818,000	-167,000	-573,000	-150,000	-10,344,000	9,472,000	101,000	524,000	948,000	-55,000					118,000	-329,000	-483,000	326,000	-1,497,000	440,000	4,000	-1,003,000
accounts payable and other accrued expenses	3,360,000	970,000	-755,000	13,087,000	-80,740,000	-10,840,000	3,263,000	-20,823,000	73,187,000	-4,295,000	5,434,000	-8,153,000	6,938,000	-12,771,000	9,492,000	-12,522,000	9,122,000	2,000	17,791,000	-15,463,000	3,513,000	-1,298,000	-492,000	-6,291,000	9,145,000	8,438,000	277,000	5,397,000	-4,147,000	-806,000	-5,359,000	-27,928,000	4,450,000	3,282,000	-2,410,000	168,000	97,000	-488,000	2,993,000
income tax payable	34,000	-13,415,000	1,071,000	-6,254,000	3,970,000	-3,203,000	35,198,000
other liabilities	-125,000	-133,000	-128,000	-117,000	-117,000	-115,000	-446,000	-71,000	-143,000	-103,000	-99,000	-95,000	-93,000	-927,000	-177,000	15,000	-266,000	9,119,000	-9,659,000	498,000	-174,000	71,000	-39,000					1,523,000	28,000	87,000	-63,000	252,000	62,000	-59,000	233,000
net cash from operating activities	26,861,000	17,414,000	28,566,000	22,532,000	22,516,000	21,501,000	25,795,000	-9,122,000	27,462,000	46,317,000	54,546,000	22,902,000	36,243,000	47,534,000	43,518,000	46,477,000	129,927,000	67,177,000	52,194,000	12,119,000	35,071,000	-21,612,000	11,157,000	15,861,000	36,675,000	34,606,000	26,763,000	24,929,000	15,830,000	27,132,000	30,059,000	-9,704,000	4,861,000	16,244,000	10,701,000	9,591,000	10,384,000	6,633,000	10,787,000	10,100,000	768,000	-545,000	-981,000	1,795,000	-1,661,000	1,740,000	-589,000	-1,811,000	391,000	6,031,000	1,993,000	3,064,000	1,069,000	-4,134,000	-3,260,000	29,282,000	-7,269,000	-1,365,000	5,354,000	2,177,000	1,659,000	371,000	3,512,000	1,317,000	2,625,000	-23,763,000	-13,371,000	-4,370,000	-6,930,000	-3,260,000	-2,431,000	459,000	-11,051,000	-7,985,000	-3,938,000	-54,000	-5,043,000	-8,814,000	366,000	480,000
capital expenditures	-7,546,000	-13,424,000	-11,918,000	-8,204,000	-7,848,000	-17,589,000	-16,259,000	0	0	0	-25,072,000	-17,913,000	-12,491,000	-10,202,000	-10,813,000	-8,431,000	-9,390,000	-6,565,000	-4,873,000	-5,092,000	-9,186,000	-3,683,000	-18,541,000	-26,065,000	-27,981,000	-26,127,000	-27,094,000	0	-21,491,000	-17,206,000	-10,242,000	-11,080,000	-7,301,000	-5,402,000	-5,680,000	-6,426,000	-6,430,000	-9,272,000	-8,506,000	-5,064,000	-1,330,000	-422,000	-1,130,000	-52,000	-928,000	-2,819,000	-717,000	-2,480,000	-8,243,000	-1,923,000	-1,257,000	-610,000	-5,000	-21,000	-229,000	-2,000	-5,000	4,000	-24,000	0		-10,000	0	0	-3,000	625,000	-197,000	-196,000	-374,000	-27,000	-291,000	-1,253,000	-614,000	-4,682,000	-2,082,000	-804,000	-4,974,000	-169,000	-823,000	-607,000
free cash flows	19,315,000	3,990,000	16,648,000	14,328,000	14,668,000	3,912,000	9,536,000	-9,122,000	27,462,000	46,317,000	29,474,000	4,989,000	23,752,000	37,332,000	32,705,000	38,046,000	120,537,000	60,612,000	47,321,000	7,027,000	25,885,000	-25,295,000	-7,384,000	-10,204,000	8,694,000	8,479,000	-331,000	24,929,000	-5,661,000	9,926,000	19,817,000	-20,784,000	-2,440,000	10,842,000	5,021,000	3,165,000	3,954,000	-2,639,000	2,281,000	5,036,000	-562,000	-967,000	-2,111,000	1,743,000	-2,589,000	-1,079,000	-1,306,000	-4,291,000	-7,852,000	4,108,000	736,000	2,454,000	1,064,000	-4,155,000	-3,489,000	29,280,000	-7,274,000	-1,361,000	5,330,000	2,177,000		361,000	3,512,000	1,317,000	2,622,000	-23,138,000	-13,568,000	-4,566,000	-7,304,000	-3,287,000	-2,722,000	-794,000	-11,665,000	-12,667,000	-6,020,000	-858,000	-10,017,000	-8,983,000	-457,000	-127,000
cash flows from investing activities
purchase of property and equipment, net of change in construction payables	-7,546,000	-13,424,000	-11,918,000	-8,204,000	-7,848,000	-17,589,000	-16,259,000				-25,072,000	-17,913,000	-12,491,000	-10,202,000	-10,813,000	-8,431,000	-9,390,000	-6,565,000	-4,873,000	-5,092,000	-9,186,000	-3,683,000	-18,541,000	-26,065,000	-27,981,000	-26,127,000	-27,094,000
proceeds from disposal of property and equipment	75,000	5,000	27,000	15,000	0			105,000	5,000	80,000	211,000	34,000	16,000	12,000	90,000	45,000	103,000	3,000	223,000	11,000	284,000	0	353,000	140,000	14,000	67,000	26,000									2,585,000					0	4,407,000	2,000	1,000	4,000	1,000	16,000	0
proceeds from sale of business, net of cash sold
acquisition of business, net of cash acquired				0	0																				0	0	-148,952,000
net cash from investing activities	-7,471,000	-13,419,000	-11,891,000	-7,895,000	-7,848,000	-25,630,000	188,599,000	-26,677,000	347,252,000	-28,794,000	-24,861,000	-17,879,000	-12,475,000	-10,190,000	-10,723,000	-8,386,000	-9,287,000	-6,562,000	-4,650,000	-5,081,000	-8,902,000	-3,683,000	-18,188,000	-25,925,000	-27,750,000	-26,310,000	-176,065,000	-19,167,000	-22,591,000	-17,234,000	-10,214,000	-735,141,000	-7,301,000	-7,990,000	-5,755,000	-3,849,000	-6,037,000	-34,632,000	-26,602,000	18,162,000	62,437,000	9,492,000	-42,000	719,000	-2,707,000	73,000	-230,000	-2,665,000	-9,002,000	-1,426,000	-7,911,000	-6,204,000	176,000	-1,286,000	-12,535,000	759,000	-5,888,000	352,000	24,828,000	31,042,000	2,672,000	64,841,000	-6,521,000	-99,000	673,000	9,349,000	2,007,000	2,877,000	4,651,000	4,183,000	-8,818,000	354,000	-8,000	-70,755,000	-35,566,000	-8,718,000	-11,792,000	1,129,000	-12,879,000	7,598,000
cash flows from financing activities
repayments of term loan	-1,000,000	-1,000,000	-1,000,000	-1,000,000	-1,000,000	-1,000,000	-1,000,000	-1,000,000	-176,000,000			-25,000,000	-25,000,000	0	-25,000,000	-25,000,000	-50,000,000
proceeds from revolving credit facility	0
repayments of revolving credit facility	-5,000,000	-10,000,000	-5,000,000																	0	-10,000,000			0	0							-32,000,000	2,000,000	-3,000,000	-3,000,000
repayment of senior notes					0
repayments of notes payable	-564,000			0	0	-221,000	-440,000	-887,000	-945,000	-236,000	-24,000	-24,000	-24,000	-31,000	-433,000	-453,000	-469,000	-1,332,000	-1,483,000	-2,080,000	-1,095,000	-18,000	-1,824,000	-870,000	-1,319,000	-26,000	-855,000	-185,000	-105,000	-108,000	-108,000	-285,000	-1,757,000	-596,000	-696,000	-522,000	-254,000	-403,000	-882,000
principal payments under finance leases	-329,000	-326,000	-322,000	-412,000	-314,000	-219,000	-338,000	-118,000	-129,000	-155,000	-125,000	-137,000	-138,000	-149,000	-117,000	-115,000	-140,000	-5,085,000	-839,000	-882,000	-781,000	-296,000	-629,000	-1,218,000	-438,000	-462,000	-367,000
payment for debt extinguishment and modification costs				0	-1,000			-164,000	-193,000			0	0	0	-12,000
tax withholding on share-based payments	0	-4,254,000	-3,332,000	-205,000	-1,209,000	-61,000	-5,881,000	-1,280,000	-249,000	0	-15,373,000	0	-111,000	-271,000	-10,298,000	0	-3,271,000	-122,000	-3,439,000	0	-21,000	0	-428,000	0	-10,000	-3,000	-288,000	0	0
cash dividends paid	-6,540,000	-6,631,000	-6,636,000
proceeds from issuance of common stock, net of costs	0	3,000	2,000				3,000	1,000	0	1,000	6,000	0	0	0	4,000	-3,000	2,000	4,000	3,000
repurchases of common stock	0	-14,636,000	-7,617,000	-36,900,000	-25,109,000			0				-13,532,000	0	-22,474,000	-15,196,000
net cash from financing activities	-13,433,000	-2,182,000	-23,905,000	-25,463,000	-34,755,000	-311,571,000	-7,656,000	-62,456,000	-244,377,000	-8,208,000	-15,516,000	-40,647,000	-25,273,000	-60,464,000	-51,052,000	-36,835,000	-53,878,000	-53,535,000	-5,660,000	-3,912,000	-11,896,000	-190,314,000	197,121,000	-2,087,000	-1,785,000	134,000	141,490,000	-22,058,000	-1,202,000	-3,262,000	23,270,000	792,513,000	-4,458,000	-3,615,000	-6,674,000	1,193,000	-26,089,000	23,250,000	13,092,000	-2,241,000	-62,508,000	-455,000	-426,000	-454,000	-440,000	-311,000	-416,000	441,000	-500,000	-918,000	-500,000	-1,090,000	-361,000	-319,000	-295,000	-1,081,000	-650,000	-659,000	-7,613,000	-14,955,000	-2,010,000	-24,522,000	-865,000	-248,000	398,000	12,379,000	13,495,000	2,775,000	1,675,000	404,000	541,000	8,891,000	10,225,000	78,935,000	57,552,000	18,189,000		-28,000	0	154,000
change in cash and cash equivalents	5,957,000	1,813,000	-7,230,000	-10,826,000	-20,087,000	-315,700,000	206,738,000	-98,255,000	130,337,000	9,315,000	14,169,000	-35,624,000	-1,505,000	-23,120,000	-18,257,000	1,256,000	66,762,000	7,080,000	41,884,000	3,126,000	14,273,000	-215,609,000	190,090,000	-12,151,000	7,140,000	8,430,000	-7,812,000
balance, beginning of period	0	0	57,725,000	0	0	0	197,600,000	0	0	0	142,034,000	0	0	0	220,540,000	0	0	0	103,558,000	0	0	0	111,678,000	0	0	0	116,071,000	0	0	0	90,579,000	0	0	0	46,898,000		0	0	69,177,000	0
balance, end of period	5,957,000	1,813,000	50,495,000	-10,826,000	-20,087,000	-315,700,000	404,338,000	-98,255,000	130,337,000	9,315,000	156,203,000	-35,624,000	-1,505,000	-23,120,000	202,283,000	1,256,000	66,762,000	7,080,000	145,442,000	3,126,000	14,273,000	-215,609,000	301,768,000	-12,151,000	7,140,000	8,430,000	108,259,000	-16,296,000	-7,963,000	6,636,000	133,694,000	47,668,000	-6,898,000	4,639,000	45,170,000		-21,742,000	-4,749,000	66,454,000	26,021,000
non-cash lease expense				-82,000	-65,000	-148,000	-85,000	-29,000	-10,000	-9,000	33,000
gain on sale of businesses
impairment of assets
changes in operating assets and liabilities, net of acquisitions:
proceeds from sale of businesses, net of cash sold
issuance of new term loan								0	0
repayments of senior notes
proceeds from exercise of stock options																0	0	0	98,000
gain on disposal of assets											-86,000
proceeds from sale of business, net of cash transferred to buyer
dividend paid					-7,123,000
proceeds from options exercised and issuance of common stock					1,000
loss on sale of business
proceeds from sale of business, net of cash transferred						-792,000	204,858,000
repurchase of senior notes
cash dividend paid								0
cash and cash equivalents								-103,611,000	140,338,000	10,349,000	110,474,000	-33,597,000
cash and cash equivalents included in assets held for sale								5,356,000	-10,001,000	-1,034,000	45,729,000	-2,027,000
purchase of property and equipment, net of change in accounts payable
purchase of property and equipment, net of change in accounts payables
repurchases of senior notes													0
loss on debt extinguishment													158,000
impairment of goodwill and intangible assets																				6,092,000	0
change in fair value of derivative																				0	0	0	1,000	79,000	352,000	1,489,000	2,248,000		-1,222,000	-1,462,000	-3,211,000
borrowings under revolving credit facility																				0	0	0	200,000,000		0	0	145,000,000
change in non-cash lease expense													-298,000	230,000	181,000	245,000	-143,000	221,000	439,000
acquisition of businesses, net of cash acquired																																				0	0	-25,343,000	-15,930,000
other investing activities																								-44,000	262,000	-250,000	-45,000				28,000	165,000	0	-121,000	-75,000
proceeds from issuance of senior notes																								0	0
payments for debt issuance costs																								0	-18,000											0	-84,000	0	-416,000	-80,000
net loss																				-18,469,000	-6,956,000	-78,566,000	-32,620,000																			-179,000	-1,725,000			57,000	-1,768,000																				-5,721,000	-5,186,000	-6,905,000								2,942,000	-7,042,000	-5,651,000	-2,119,000
adjustments to reconcile net loss to net cash from operating activities:
loss on extinguishment and modification of debt
purchase of intangibles and other assets
debt extinguishment and modification costs																									0
proceeds from exercise of common stock																				0	1,000	0	2,000
adjustments to reconcile net loss to net cash (used in) provided by operating activities:
loss on extinguishment of debt																								0	0															0																														0	0	0	2,783,000	6,821,000
prepaid expenses																					-4,840,000	5,369,000	-755,000	-898,000	2,301,000	37,000	-980,000	-1,025,000	-53,000	5,000	2,542,000	2,283,000	-6,965,000	4,575,000	181,000	-894,000	-589,000																																					-266,000
inventories and other current assets																					1,465,000	84,000	827,000	-2,034,000	1,740,000	-1,730,000	527,000	-1,300,000	1,225,000	-1,756,000	797,000	-113,000	232,000	33,000	-720,000
accrued taxes, other than income taxes																					4,647,000	-3,563,000	-1,503,000	555,000	-1,126,000	-768,000	1,523,000	166,000	-331,000	-766,000	807,000	2,576,000	-187,000	-1,598,000	-280,000	2,405,000	-207,000	-18,000	13,000	186,000	-98,000	-250,000	168,000	32,000	-169,000	6,000	108,000	8,000
asset purchase
provision for bad debts
income taxes receivable																						0	-370,000			0	193,000					-21,000	-4,000	0	2,146,000					221,000	-206,000	-93,000	155,000					11,000
impairment of goodwill																							6,461,000
supplemental cash flow disclosures
cash paid for interest																							2,952,000				16,579,000		15,193,000	14,840,000	14,615,000
cash received for income taxes																											-193,000
non-cash investing and financing activities
payables incurred for capital expenditures																							2,292,000				4,064,000		44,000	1,984,000	1,652,000
impairment of right-of-use asset																											12,272,000
common stock issued in connection with acquisition																											16,608,000									0	0	0	500,000	2,046,000
adjustments to reconcile net income to net cash provided by operating activities:
gain on revaluation of contingent consideration																																0
borrowings on revolving credit facility																																5,000,000
proceeds from term loans																																				0
repayments of term loans																								0	0	-218,000,000	-2,000,000	-2,000,000	-2,000,000	-2,000,000	-2,000,000	-141,000,000	-6,000,000	0	-3,000,000	-3,000,000
payments for debt extinguishment and modification costs
proceeds from issuance of common stock, net of issuance costs																								1,000	0
purchase of derivative
proceeds from leased equipment obligation																																1,000
other																									-616,000	-932,000	465,000									240,000	-56,000	-192,000	-41,000	359,000
deposit paid from asset purchase
loss on disposal of property and equipment																										585,000	247,000	2,267,000	774,000	218,000	77,000	133,000				398,000					8,000	0	-2,000	-2,000	37,000	-1,000	25,000	0
gain on change in fair value of derivative
gain on sale of land held for sale
other operating activities
principal payments under capital leases																												-201,000	-370,000	-239,000	-229,000	-2,000	-458,000	-14,000	-136,000	-299,000	-297,000
proceeds from the exercise of stock options
dividends paid																																				0
income taxes																														1,162,000	846,000									0	60,000								18,000
purchase of property and equipment																													-21,491,000	-17,206,000	-10,242,000	-11,080,000	-7,301,000	-5,402,000	-5,680,000	-6,426,000	-6,430,000	-9,272,000	-8,506,000	-5,064,000	-1,330,000	-422,000	-1,130,000	-52,000	-928,000	-2,819,000	-717,000	-2,480,000	-8,243,000	-1,923,000	-1,257,000	-610,000	-5,000	-21,000	-229,000	-2,000	-5,000	4,000	-24,000			-10,000			-3,000	625,000	-197,000	-196,000	-374,000	-27,000	-291,000	-1,253,000	-614,000	-4,682,000	-2,082,000	-804,000	-4,974,000	-169,000	-823,000	-607,000
deposit paid for asset purchase																																	0
debt issuance costs																													0																																													-5,004,000
proceeds from issuance of common stock																													1,273,000	0	25,969,000	1,000	15,000	-5,000	158,000	14,000	75,000	813,000	890,000	133,000	19,000	0	16,000	-1,000	2,000	120,000	13,000	647,000
stock issuance costs																													0	0	-362,000
net increase for the period																													-7,963,000	6,636,000	43,115,000						-21,742,000			26,021,000
notes payable issued for property and equipment																																				376,000	0	0	345,000
assets acquired under capital lease obligations																													175,000	0	62,000			722,000	1,978,000
accretion and amortization of discounts and premiums on short-term investments																																								0	36,000	99,000	105,000
gain on sale of notes receivable
impairments and other losses																																								0	0	26,000	331,000	0				0		139,000	1,986,000	1,399,000	929,000	2,618,000
purchase of short-term investments																																								0	0	-996,000	-24,141,000	-11,772,000	-9,724,000	-10,515,000	-41,875,000	-8,438,000																									-26,630,000
proceeds from maturities of short-term investments
proceeds from sale of short-term investments
collection on notes receivable																																																0		0	0	0	1,076,000	301,000	806,000	1,388,000	1,777,000	2,706,000	1,651,000	2,286,000	1,910,000	4,447,000
purchase of derivative instrument
warrant repurchase																																								0
amortization of debt issuance costs																																	183,000	187,000	191,000																									8,000	8,000		7,000	8,000	8,000					0	0	0	95,000	450,000
issuance of notes receivable																																					0	0	-107,000
net decrease for the period																																			-1,728,000				-2,723,000
cash paid during the period for:
interest																																		1,804,000	1,483,000		1,496,000	1,447,000	1,305,000	1,161,000	845,000	156,000	159,000	166,000	174,000	180,000	181,000	319,000
operating activities
amortization of debt issuance costs and accretion of debt discount																																				194,000	192,000	193,000	153,000	162,000	141,000
other current assets																																				192,000	120,000	-179,000	-31,000	140,000	1,463,000	-786,000	-446,000	431,000	149,000	-341,000	-155,000	-213,000	-1,286,000	229,000	-95,000	188,000	-245,000	-82,000	254,000	186,000	-512,000	261,000	36,000	231,000	-144,000	-314,000	82,000	123,000	493,000	-1,032,000	-1,207,000	1,443,000	-339,000	60,000	-1,093,000	1,210,000	-783,000	214,000
investing activities
proceeds from sales of short-term investments
financing activities
net borrowings on revolving credit facility
net increase for the year
balance, beginning of year
balance, end of year
cash paid during the period for interest
cash paid for income taxes
equipment acquired under capital lease obligations																																				129,000	782,000
deposits																																									-45,000									0	0	0	150,000
gain on sale of cost method investment																																										0	-750,000
proceeds from sale of cost method investment																																										0	750,000
proceeds from term loan																																						0	40,000,000
prepaids																																							642,000	763,000
net repayments of revolving credit facility																																							-25,000,000
repayment of term loan																																							-1,500,000
gain on modification of debt
gain on extinguishment of operating obligations
recovery of impairment on notes receivable																																																0
changes in operating assets and liabilities, net of assets acquired and liabilities assumed from acquisition:
proceeds from business combination																																								0
payments to acquire investment in unconsolidated investee																																																0	-836,000	0	1,000			0	-7,352,000	0	-4,862,000	0	0
proceeds from the sale of assets
changes in other assets																																								-368,000	-1,419,000	23,000	-3,000	42,000	2,000	2,000	21,000	0	-2,000	52,000
repayments of borrowings																																								-2,014,000	-201,649,000	-455,000	-442,000	-453,000	-442,000	-431,000	-429,000	-102,000
proceeds from borrowings																																								-336,000								-104,000													808,000
capital expenditures in accounts payable and accrued expenses																																										-85,000	110,000	-133,000	-1,058,000	950,000	266,000	-587,000	1,956,000	848,000
gain on sale of land																																												0
accounts payable and accrued expenses																																									-602,000	-606,000	132,000	252,000	-672,000	886,000	51,000	-775,000	1,406,000	410,000	1,038,000	148,000	178,000	-263,000
sales and maturities of short-term investments																																									40,397,000	6,480,000	24,480,000	12,500,000	7,703,000	13,404,000	42,325,000
proceeds from sale of land																																												0
operating activities:
investing activities:
financing activities:
net increase in cash and cash equivalents																																												2,060,000	-4,808,000			-4,035,000	-9,111,000			-4,230,000	884,000	-5,739,000	-16,090,000	28,960,000	-13,807,000	-1,672,000								-2,035,000	2,131,000				-10,708,000	9,704,000	-834,000	195,000	18,048,000	9,417,000	-6,811,000			8,232,000
cash and cash equivalents - beginning of period																																										0	35,416,000	0	0	0	37,897,000	0	32,480,000	0	0
cash and cash equivalents - end of period																																										8,492,000	33,967,000	2,060,000	-4,808,000	1,502,000	36,662,000	-4,035,000	23,369,000	3,687,000	-6,418,000
supplemental cash flow information:
noncash investing activities:
amortization of debt issuance costs, accretion of debt discount																																											113,000
net decrease in cash and cash equivalents																																											-1,449,000				-1,235,000			3,687,000																			-604,000
net earnings including noncontrolling interest																																																-859,000	-333,000	1,972,000	-991,000	424,000	1,755,000
adjustments to reconcile net earnings to net cash from operating activities:
amortization of debt issuance costs, accretion of debt discount and imputed interest on contract acquisition costs																																												118,000	124,000	129,000	132,000
accretion and amortization of discounts and premiums on short-term investments and accretion of interest and additions to long-term interest receivable																																												62,000	52,000
amortization of intangible assets related to indian casino projects																																																0															2,624,000	2,527,000	2,479,000	1,814,000	1,681,000	1,680,000	1,681,000	1,680,000
gain on extinguishment of liabilities																																																0
management fees receivable																																																0	1,027,000	-99,000	669,000
acquisition of the rocky gap resort																																																		0
changes in long-term management fees receivable and other
advances on notes receivable																																																		0	0	-1,128,000	-941,000	-1,603,000	-1,829,000	-1,491,000	-2,125,000	-1,718,000	-1,778,000	-959,000	-1,256,000	-5,207,000	0	-500,000	-4,000	0	0	0	-1,117,000
purchase of non-controlling interest																																																		0	0
non-controlling interest member contributions
contract acquisition costs payable																																																0	-500,000	-500,000	-500,000	-500,000	-500,000	-500,000	-500,000	-1,081,000	-650,000	-649,000	-5,613,000	-275,000	-750,000	-5,403,000	-583,000	-697,000	-604,000	-583,000	-519,000	-500,000	-301,000	-529,000
redemption of restricted stock for payment of accrued expenses
net earnings																																																								9,485,000	1,380,000	-28,114,000	15,056,000	3,909,000	-4,687,000	-19,969,000	2,288,000	2,820,000	1,025,000					-6,587,000	-2,941,000	8,017,000	-12,093,000	15,131,000	3,249,000	11,683,000
cash paid received during the period for:
accretion of interest and additions to long-term interest receivable																																															93,000	-209,000	-1,256,000	-1,143,000	-1,051,000	-972,000	-921,000
adjustments to reconcile net earnings including noncontrolling interest to net cash from operating activities:
amortization of debt issuance costs and imputed interest on contract acquisition costs																																																94,000	208,000	218,000	228,000	242,000	252,000	267,000
noncontrolling interest member contributions																																																		0	0	0	139,000	181,000
changes in management fees receivable and other																																																	79,000	77,000
amortization of intangible assets related to operating casinos																																																	264,000	264,000	264,000	264,000	264,000	264,000	264,000	9,217,000	1,943,000	2,784,000	2,785,000	2,785,000	2,785,000
income taxes payable / receivable																																																	-18,000	3,305,000			-1,875,000	-2,219,000
noncash investing and financing activities:
net unrealized losses on notes receivable																																																						9,801,000							-1,770,000			-2,506,000	163,000									-38,911,000
loss on convertible note receivable																																																						0
advance on convertible note receivable																																																						0
depreciation																																																				52,000	54,000	133,000	52,000	55,000	57,000	64,000	65,000	66,000	65,000	49,000	69,000	69,000	73,000
net unrealized gains on notes receivable																																																								124,000	-742,000	-836,000	-450,000			1,649,000
change in management fees receivable and other																																																				64,000	50,000
change in other assets
accounts and management fees receivable																																																					420,000
increase in other long-term assets																																																					-4,000	-105,000	3,000	-4,000	-3,000	-9,000			-2,000	239,000				3,000	2,000	4,000	29,000
cash and cash equivalents — beginning of period																																																					38,557,000	0	0	0	45,233,000	0								-3,852,000	0	0	9,248,000	0	0	0	9,759,000	9,912,000	0	9,912,000	0	0	0	28,717,000
cash and cash equivalents — end of period																																																					39,441,000	-5,739,000	-16,090,000	28,960,000	31,426,000	-1,672,000								-5,887,000	2,131,000	1,282,000	8,644,000	1,327,000	-10,708,000	9,704,000	8,925,000	10,107,000	18,048,000	19,329,000	-6,811,000	-7,713,000	-12,513,000	36,949,000
net loss including noncontrolling interest
adjustments to reconcile net loss including noncontrolling interest to net cash from operating activities:
accretion and additions to long-term interest receivable																																																						-838,000	-739,000	-780,000	-684,000
mark to market, trading securities																																																										0	0			187,000	-39,000
gain on divestiture of cost method investment																																																										0
net tax benefits related to share-based compensation
equity in loss of unconsolidated investee																																																											0
impairment charge on notes receivable
sales / redemptions of investment securities																																																										0
proceeds from divestiture of investment in unconsolidated investees																																																										0
repayments of lines of credit																																																										0
vesting of restricted stock on option
redemption of restrictive stock for payment of accrued expenses
acquisitions of long-term assets — advances related to indian casino projects financed by vendors with accounts payable
accounts and management fee receivable																																																							-214,000
deposit
increases in long-term assets related to indian casino projects																																																							66,000			-631,000	-15,000	-319,000	-380,000	1,915,000	-1,885,000	-579,000	-796,000	-1,281,000	-1,280,000	-1,515,000	-2,153,000	-2,440,000	-1,625,000	-6,897,000	-6,598,000	-37,412,000	-27,540,000	-4,340,000
adjustments to reconcile net earnings to net cash provided by operating activities:
amortization of debt issuance costs and contract acquisition costs																																																								321,000	321,000	310,000
impairment losses — other																																																								635,000	874,000
income taxes payable																																																										-19,161,000	11,364,000	-7,040,000	5,475,000	-11,237,000	370,000	833,000	672,000	239,000	238,000	196,000	-801,000	-361,000	331,000	236,000	34,000	3,114,000
accounts payable																																																								-67,000	314,000	-197,000	11,000	50,000	-70,000	-336,000	36,000	-141,000	235,000	321,000	-843,000	371,000	266,000	-159,000	-317,000	388,000	-41,000	-1,054,000
accrued expenses																																																								-75,000	-478,000	-241,000	67,000	-274,000	210,000	927,000	279,000	-1,378,000	-66,000	603,000	1,033,000	-1,154,000	-125,000	258,000	967,000	634,000	-1,669,000	1,461,000
equity in loss of unconsolidated investees
income taxes receivable and payable																																																									-8,750,000
increases in management fee receivable and other long-term assets related to indian casino projects																																																									-670,000
accretion of discount on notes receivable																																																										-331,000	-748,000	-839,000	-1,165,000
proceeds from line of credit																																																										0	0
cash proceeds from issuance of common stock
tax benefit from stock option exercises																																																											-812,000	0	406,000		798,000
impairment losses																																																											631,000	707,000	2,664,000		597,000	1,711,000	569,000
sales / redemptions of securities																																																												21,925,000	2,400,000
proceeds from divestiture of investment in unconsolidated investee
repayments of line of credit																																																												-18,866,000	-2,474,000
net increase in cash & cash equivalents
cash & cash equivalents — beginning of period
cash & cash equivalents — end of period
equity in loss of investee																																																													27,000
net increase in cash																																																													2,321,000
cash — beginning of period																																																													3,751,000
cash — end of period																																																													6,072,000
loss from discontinued operations
earnings from continuing operations																																																															2,288,000	2,820,000	1,025,000
adjustments to reconcile net earnings from continuing operations to net cash from operating activities:
decrease in estimated fair value of warrant liability
accretion of contra note receivable																																																															-652,000	-643,000	-714,000
net cash from continuing operations																																																															3,512,000	1,317,000	2,625,000
net cash from discontinued operations
purchase of securities																																																																		6,237,000
sale/redemption of securities
proceeds from sale of land held for development																																																																						649,000	0
investment in unconsolidated investees
repayment of line of credit																																																															-2,379,000	-16,000	-135,000
decrease in restricted cash																																																																			119,000			0	0	109,000	12,735,000
repayment of long-term debt																																																																		-42,000	-69,000			0	0	0	-105,000,000
cash proceeds from sale of notes receivable
acquisitions of land held for development financed by vendors with accounts payable
noncash distribution of wpte, inc. stock
prepaid advertising
sale / redemption of securities
investment in kansas gaming partners, llc
cash proceeds from issuance of common and preferred stock																																																															0	-187,000	533,000	861,000	4,445,000	152,000	1,675,000	-7,824,000	541,000	8,782,000	376,000
adjustments to reconcile net earnings from continuing operations
to net cash from operating activities:
proceeds from repayment of note receivable																																																																977,000	1,476,000
net increase in cash and cash equivalents — continuing operations																																																																970,000	3,696,000
cash and cash equivalents — beginning of period — continuing operations																																																																0	6,170,000
cash and cash equivalents — end of period — continuing operations																																																																970,000	9,866,000
mark to market, trading																																																																	-1,288,000
put rights loss																																																																	1,234,000
collections on notes receivable																																																																		0	0	1,486,000	276,000	3,129,000	69,000	3,641,000	49,000	2,955,000
income from discontinued operations
net unrealized losses (gains) on notes receivable
earnings from discontinued operations
adjustments to reconcile net loss from continuing operations to net cash from operating activities:
amortization of debt issuance costs and discounts
put rights gain
mark to market of trading
net realized and unrealized losses on notes receivable																																																																		18,820,000
proceeds from unconsolidated affiliates																																																																														0	0	850,000
proceeds from debt																																																																		8,503,000	9,000,000
restricted cash proceeds from long-term debt																																																																										19,090,000
shareholder trading settlement																																																																										2,805,000	0	2,805,000
acquisitions of property and equipment financed by vendors with accounts payable
amortization of debt discount																																																																						0	0	0	33,000
decrease in value of warrant liability
net impairment losses																																																																						0	0	0	331,000
minority interest in net loss of subsidiary																																																																			-1,728,000	-1,518,000	-1,106,000
deferred revenue																																																																			-115,000	-860,000	-885,000	-1,589,000	1,901,000	-2,585,000	403,000	-11,000
loss on abandonment of online gaming assets																																																																						0	0
net realized and unrealized gains on notes receivable																																																																				-1,125,000	1,983,000	1,275,000	600,000	-8,938,000	-1,227,000
purchase of marketable securities																																																																				0	-13,887,000	-29,847,000	-30,864,000
sale / maturity of marketable securities																																																																				3,098,000	21,877,000
adjustments to reconcile net earnings to net cash from
increase in value of warrant liability
minority interest in net earnings of subsidiary																																																																						-702,000	-859,000
gain on sale of investment
equity in earnings of unconsolidated investees
advances to unconsolidated investees																																																																										-2,923,000
advances on notes receivable — current																																																																						29,000
proceeds from sale of investment																																																																										10,236,000	0	5,686,000
unrestricted cash proceeds from long-term debt																																																																										109,860,000
income tax benefit of stock option exercises
cash proceeds from stock warrant conversion
capitalized television costs related to subsidiary stock options issued to consultants
acquisitions of long-term assets - advances related to indian casino projects financed by vendors with accounts payable
sale/maturity of marketable securities
cash proceeds from sale of participation notes																																																																							0	0	102,114,000
restricted cash proceeds from long-term debt available as of quarter end
repayment of long-term debt, related party
increase in wpte restricted cash
minority interest in net earnings (loss) of subsidiary																																																																									-881,000	3,383,000
increases in operating (assets) liabilities:
sale/maturity of short-term investments																																																																									33,785,000
change in valuation allowance related to deferred income taxes
increases in operating (assets) and liabilities:
short-term investments, purchases																																																																										-78,202,000
short-term investments, sales/maturities																																																																										39,351,000
investments in unconsolidated investees
decrease in other long-term assets																																																																										-78,000
increase in restricted cash																																																																										-16,099,000
repayment of debt																																																																										-35,000,000
issuance of common and preferred stock
issuance of common stock by subsidiary
acquisitions of long-term assets and advances related to indian casino projects financed by vendors with accounts payable
accretion of original issue discount																																																																										446,000
realized gain on sale of investment																																																																										-10,216,000
proceeds from sale of land held under contract for sale
proceeds from unconsolidated investees
payments for other long-term assets																																																																												-77,000		-172,000	-322,000	-199,000
proceeds from issuance of common and preferred stock																																																																										3,283,000	120,000	3,157,000
proceeds from repayment of notes receivable
distributions from unconsolidated investees
redemption (purchase) of short-term investment securities																																																																												-9,183,000
repayments of long-term debt, related party																																																																												-10,000,000
proceeds from issuance of long-term debt, other																																																																												22,227,000
adjustments to reconcile net loss to net cash from (used in) operating activities:
purchase of land held under contract for sale
collection on receivable
investments in investees
proceeds from investees
increases in other long-term assets
net proceeds from issuance of common stock by subsidiary
proceeds from issuance of long-term debt
net cash from in financing activities
supplemental disclosures of cash flow information:
short-term investment securities																																																																														-941,000	-7,113,000	9,441,000
payments for land held under contract for sale
proceeds from land held under contract for sale
advances on long-term assets related to indian casino projects																																																																														-2,589,000	-4,621,000	-2,074,000
payments to unconsolidated affiliates																																																																														0	0	-10,000
proceeds from sale of common stock																																																																														-28,000	0	154,000
noncash operating activities:
payments received for land held under contract for sale
payments made for land held under contract for sale
payments received for land held for development
investments in unconsolidated affiliates
proceeds from restricted cash
advances for other long-term assets
payments for property and equipment
payments on long-term debt and capital lease obligations
(payments) proceeds from restricted cash

Golden Entertainment, Inc(NASDAQ:GDEN)

Golden Entertainment, Inc
(NASDAQ:GDEN)