Investment in Borgata

3 Months Ended

Mar. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

INVESTMENT IN BORGATA

The Company and MGM Resorts International each hold a 50% interest in Marina District Development Holding Co., LLC ("Holding Company"). Holding Company owns all the equity interests in Marina District Development Company, LLC, d.b.a. Borgata. We are the managing member of Holding Company, and we are responsible for the day-to-day operations of Borgata. We account for our investment in Borgata by applying the equity method of accounting.

Select balance sheet information for Borgata is as follows:



	March 31,		December 31,
(In thousands)	2016		2015
Cash and cash equivalents	$	29,838	$	44,134

Outstanding Principal Balance of Long-term Debt
Bank Credit Facility	$	11,600	$	37,700
2018 Term Loan	223,000		240,900
2023 Term Loan	416,850		418,950
	$	651,450	$	697,550

Summarized income statement information for Borgata is as follows:



	Three Months Ended
	March 31,
(In thousands)	2016		2015
Net revenues	$	190,293	$	182,589
Operating expenses	152,620		159,239
Operating income	37,673		23,350
Non-operating expenses	14,412		15,322
Net income	$	23,261	$	8,028