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Segment Information
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
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


Results of Operations - Total Reportable Segment Net Revenues and Adjusted EBITDA
We evaluate each of our wholly owned property's profitability based upon Property EBITDA, which represents each property's earnings before interest expense, income taxes, depreciation and amortization, deferred rent, share-based compensation expense, project development, preopening and writedowns expenses, impairments of assets, other operating items, net, and gain or loss on early retirements of debt, as applicable. Total Reportable Segment Adjusted EBITDA is the aggregate sum of the Property EBITDA for each of the properties included in our Las Vegas Locals, Downtown Las Vegas, and Midwest and South, and Peninsula segments, and also includes Borgata's operating income before net amortization, preopening and other items. Results for Downtown Las Vegas include the results of our Hawaii-based travel agency and captive insurance company. EBITDA is a commonly used measure of performance in our industry that we believe, when considered with measures calculated in accordance with GAAP, provides our investors a more complete understanding of our operating results before the impact of investing and financing transactions and income taxes and facilitates comparisons between us and our competitors. Management has historically adjusted EBITDA when evaluating operating performance because we believe that the inclusion or exclusion of certain recurring and non-recurring items is necessary to provide the most accurate measure of our core operating results and as a means to evaluate period-to-period results.

We reclassify the reporting of corporate expense on the accompanying table in order to exclude it from our subtotal for Total Reportable Segment Adjusted EBITDA and include it as part of total other operating costs and expenses. Furthermore, corporate expense excludes its portion of share-based compensation expense. Corporate expense represents unallocated payroll, professional fees, aircraft expenses and various other expenses not directly related to our casino and hotel operations.

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 income:
 
Three Months Ended
 
March 31,
(In thousands)
2016
 
2015
Net Revenues
 
 
 
Las Vegas Locals
$
158,398

 
$
150,302

Downtown Las Vegas
58,605

 
56,603

Midwest and South
209,185

 
217,764

Peninsula
126,190

 
125,909

Total Reportable Segment Net Revenues
$
552,378

 
$
550,578

 
 
 
 
Adjusted EBITDA
 
 
 
Las Vegas Locals
$
44,271

 
$
38,877

Downtown Las Vegas
12,681

 
10,677

Midwest and South
48,813

 
50,984

Peninsula
47,112

 
46,363

Borgata
22,668

 
18,913

Total Reportable Segment Adjusted EBITDA
175,545

 
165,814

Corporate expense
(15,185
)
 
(16,642
)
Adjusted EBITDA
160,360

 
149,172

 
 
 
 
Other operating costs and expenses
 
 
 
Deferred rent
817

 
857

Depreciation and amortization
47,653

 
51,942

Share-based compensation expense
3,263

 
3,441

Project development, preopening and writedowns
1,841

 
955

Impairments of assets
1,440

 
1,065

Other operating items, net
429

 
116

Our share of Borgata's other operating costs and expenses
3,831

 
7,238

Total other operating costs and expenses
59,274

 
65,614

Operating income
$
101,086

 
$
83,558



Total Reportable Segment Assets
The Company's assets by Reportable Segment consisted of the following amounts:
 
March 31,
 
December 31,
(In thousands)
2016
 
2015
Assets
 
 
 
Las Vegas Locals
$
1,139,016

 
$
1,155,224

Downtown Las Vegas
134,937

 
138,159

Midwest and South
1,238,370

 
1,263,751

Peninsula
1,361,437

 
1,370,991

Total Reportable Segment Assets
3,873,760

 
3,928,125

Corporate
923,323

 
422,775

Total Assets
$
4,797,083

 
$
4,350,900