Segment Information (Tables)

3 Months Ended

Mar. 31, 2015

We have aggregated certain of our properties in order to present five Reportable Segments: (i) Las Vegas Locals; (ii) Downtown Las Vegas; (iii) Midwest and South; (iv) Peninsula; and (v) Borgata. The table below lists the classification of each of our properties.



Las Vegas Locals
Gold Coast Hotel and Casino	Las Vegas, Nevada
The Orleans Hotel and Casino	Las Vegas, Nevada
Sam's Town Hotel and Gambling Hall	Las Vegas, Nevada
Suncoast Hotel and Casino	Las Vegas, Nevada
Eldorado Casino	Henderson, Nevada
Jokers Wild Casino	Henderson, Nevada
Downtown Las Vegas
California Hotel and Casino	Las Vegas, Nevada
Fremont Hotel and Casino	Las Vegas, Nevada
Main Street Station Casino, Brewery and Hotel	Las Vegas, Nevada
Midwest and South
Sam's Town Hotel and Gambling Hall	Tunica, Mississippi
IP Casino Resort Spa	Biloxi, Mississippi
Par-A-Dice Hotel Casino	East Peoria, Illinois
Blue Chip Casino, Hotel & Spa	Michigan City, Indiana
Treasure Chest Casino	Kenner, Louisiana
Delta Downs Racetrack Casino & Hotel	Vinton, Louisiana
Sam's Town Hotel and Casino	Shreveport, Louisiana
Peninsula
Diamond Jo Dubuque	Dubuque, Iowa
Diamond Jo Worth	Northwood, Iowa
Evangeline Downs Racetrack and Casino	Opelousas, Louisiana
Amelia Belle Casino	Amelia, Louisiana
Kansas Star Casino	Mulvane, Kansas
Borgata
Borgata Hotel Casino & Spa	Atlantic City, New Jersey

Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated

The following table sets forth, for the periods indicated, certain operating data for our Reportable Segments, and reconciles Total Reportable Segment Adjusted EBITDA to operating income, as reported in our accompanying condensed consolidated statements of operations:



	Three Months Ended
	March 31,
(In thousands)	2015		2014
Net Revenues
Las Vegas Locals	$	150,302	$	151,443
Downtown Las Vegas	56,603		55,733
Midwest and South	217,764		211,636
Peninsula	125,909		122,273
Borgata (1)	—		167,264
Total Reportable Segment Net Revenues	$	550,578	$	708,349

Reportable Segment Adjusted EBITDA
Las Vegas Locals	$	38,877	$	40,007
Downtown Las Vegas	10,677		9,327
Midwest and South	50,984		44,098
Peninsula	46,363		44,761
Borgata (1)	18,913		20,446
Total Reportable Segment Adjusted EBITDA (2)	165,814		158,639

Other operating costs and expenses
Corporate expense	16,642		14,171
Deferred rent	857		906
Depreciation and amortization	51,942		66,179
Preopening expense	505		784
Share-based compensation expense	3,441		6,481
Impairments of assets	1,065		1,633
Asset transaction costs	450		155
Other operating charges and credits, net	116		(186		)
Our share of Borgata's other operating costs and expenses	7,238		—
Total other operating costs and expenses	82,256		90,123
Operating income	$	83,558	$	68,516

(1) Due to the deconsolidation of Borgata on September 30, 2014, our condensed consolidated statement of operations for the three months ended March 31, 2015 reflects our accounting for our 50% ownership interest in Borgata by applying the equity method. For the three months ended March 31, 2014, Borgata's financial results are reflected on a full consolidation basis.

Reconciliation of Assets from Segment to Consolidated

The Company's assets by Reportable Segment consisted of the following amounts:



	March 31,		December 31,
(In thousands)	2015		2014
Assets
Las Vegas Locals	$	1,153,323	$	1,164,115
Downtown Las Vegas	129,986		128,682
Midwest and South	1,279,751		1,302,002
Peninsula	1,446,827		1,459,529
Total Reportable Segment Assets	4,009,887		4,054,328
Corporate	416,897		424,596
Total Assets	$	4,426,784	$	4,478,924