XML 42 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Schedule of Composition of Segments
We aggregate certain of our properties in order to present three Reportable Segments: (i) Las Vegas Locals; (ii) Downtown Las Vegas; and (iii) Midwest and South. 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
Eastside Cannery Casino and Hotel
Las Vegas, Nevada
Aliante Casino + Hotel + Spa
North Las Vegas, Nevada
Cannery Casino Hotel
North 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
 
Par-A-Dice Hotel Casino
East Peoria, Illinois
Blue Chip Casino, Hotel & Spa
Michigan City, Indiana
Diamond Jo Dubuque
Dubuque, Iowa
Diamond Jo Worth
Northwood, Iowa
Kansas Star Casino
Mulvane, Kansas
Amelia Belle Casino
Amelia, Louisiana
Delta Downs Racetrack Casino & Hotel
Vinton, Louisiana
Evangeline Downs Racetrack and Casino
Opelousas, Louisiana
Sam's Town Hotel and Casino
Shreveport, Louisiana
Treasure Chest Casino
Kenner, Louisiana
IP Casino Resort Spa
Biloxi, Mississippi
Sam's Town Hotel and Gambling Hall
Tunica, Mississippi
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
 
Nine Months Ended
 
September 30,
 
September 30,
(In thousands)
2017
 
2016
 
2017
 
2016
Net Revenues
 
 
 
 
 
 
 
Las Vegas Locals
$
207,291

 
$
148,879

 
$
641,288

 
$
462,213

Downtown Las Vegas
58,832

 
56,606

 
179,137

 
174,423

Midwest and South
321,542

 
326,416

 
972,450

 
992,517

Total Reportable Segment Net Revenues
$
587,665

 
$
531,901

 
$
1,792,875

 
$
1,629,153

 
 
 
 
 
 
 
 
Adjusted EBITDA
 
 
 
 
 
 
 
Las Vegas Locals
$
56,109

 
$
36,173

 
$
185,462

 
$
123,617

Downtown Las Vegas
11,536

 
10,018

 
37,757

 
36,962

Midwest and South
90,106

 
90,633

 
277,880

 
281,305

Total Reportable Segment Adjusted EBITDA
157,751

 
136,824

 
501,099

 
441,884

Corporate expense
(17,480
)
 
(14,884
)
 
(53,850
)
 
(44,355
)
Adjusted EBITDA
140,271

 
121,940

 
447,249

 
397,529

 
 
 
 
 
 
 
 
Other operating costs and expenses
 
 
 
 
 
 
 
Deferred rent
290

 
816

 
977

 
2,449

Depreciation and amortization
55,201

 
47,928

 
161,728

 
143,831

Share-based compensation expense
2,382

 
1,542

 
11,212

 
7,125

Project development, preopening and writedowns
2,975

 
3,735

 
8,731

 
11,473

Impairments of assets
—

 
—

 
—

 
1,440

Other operating items, net
758

 
3

 
1,707

 
555

Total other operating costs and expenses
61,606

 
54,024

 
184,355

 
166,873

Operating income
$
78,665

 
$
67,916

 
$
262,894

 
$
230,656
Reconciliation of Assets from Segment to Consolidated
The Company's assets by Reportable Segment consisted of the following amounts:
 
September 30,
 
December 31,
(In thousands)
2017
 
2016
Assets
 
 
 
Las Vegas Locals
$
1,790,476

 
$
1,785,858

Downtown Las Vegas
170,172

 
157,319

Midwest and South
2,493,905

 
2,556,307

Total Reportable Segment Assets
4,454,553

 
4,499,484

Corporate
200,816

 
171,267

Total Assets
$
4,655,369

 
$
4,670,751