SEGMENT INFORMATION

We aggregate certain of our gaming entertainment properties in order to present three Reportable Segments: (i) Las Vegas Locals; (ii) Downtown Las Vegas; and (iii) Midwest & 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 & 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

Results of Operations - Total Reportable Segment Departmental Revenues and Adjusted EBITDA

We evaluate each of our property's profitability based upon Property Adjusted 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 Adjusted EBITDA for each of the properties included in our Las Vegas Locals, Downtown Las Vegas, and Midwest & South segments. Results for Downtown Las Vegas include the results of our Hawaii-based travel agency and captive insurance company. Results for our Illinois distributed gaming operator are included in our Midwest & South segment.

The following tables set forth, for the periods indicated, departmental revenues for our Reportable Segments:



	Three Months Ended June 30, 2018
(In thousands)	Gaming Revenue		Food & Beverage Revenue		Room Revenue		Other Revenue		Total Revenue
Revenues
Las Vegas Locals	$	142,488	$	38,948	$	25,659	$	12,879	$	219,974
Downtown Las Vegas	32,822		13,741		6,606		8,033		61,202
Midwest & South	272,478		34,912		17,169		11,058		335,617
Total Revenues	$	447,788	$	87,601	$	49,434	$	31,970	$	616,793



	Three Months Ended June 30, 2017
(In thousands)	Gaming Revenue		Food & Beverage Revenue		Room Revenue		Other Revenue		Total Revenue
Revenues
Las Vegas Locals	$	139,862	$	38,914	$	24,892	$	13,005	$	216,673
Downtown Las Vegas	32,224		13,372		6,108		7,928		59,632
Midwest & South	265,039		35,358		16,834		10,588		327,819
Total Revenues	$	437,125	$	87,644	$	47,834	$	31,521	$	604,124



	Six Months Ended June 30, 2018
(In thousands)	Gaming Revenue		Food & Beverage Revenue		Room Revenue		Other Revenue		Total Revenue
Revenues
Las Vegas Locals	$	285,636	$	77,818	$	51,815	$	26,880	$	442,149
Downtown Las Vegas	65,261		27,328		13,417		15,664		121,670
Midwest & South	537,354		67,854		32,114		21,770		659,092
Total Revenues	$	888,251	$	173,000	$	97,346	$	64,314	$	1,222,911



	Six Months Ended June 30, 2017
(In thousands)	Gaming Revenue		Food & Beverage Revenue		Room Revenue		Other Revenue		Total Revenue
Revenues
Las Vegas Locals	$	283,808	$	77,366	$	51,099	$	26,641	$	438,914
Downtown Las Vegas	66,116		26,829		11,882		15,752		120,579
Midwest & South	531,146		70,054		31,703		21,793		654,696
Total Revenues	$	881,070	$	174,249	$	94,684	$	64,186	$	1,214,189

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



	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In thousands)	2018			2017			2018			2017
Adjusted EBITDA
Las Vegas Locals	$	70,248		$	63,300		$	141,278		$	129,214
Downtown Las Vegas	13,543			12,545			26,761			26,246
Midwest & South	98,510			93,730			192,756			188,043
Total Reportable Segment Adjusted EBITDA	182,301			169,575			360,795			343,503
Corporate expense	(18,878		)	(18,207		)	(36,900		)	(36,370		)
Adjusted EBITDA	163,423			151,368			323,895			307,133
Other operating costs and expenses
Deferred rent	294			257			550			687
Depreciation and amortization	53,923			52,563			105,199			106,527
Share-based compensation expense	6,022			5,747			14,949			8,830
Project development, preopening and writedowns	5,801			2,784			9,241			5,756
Impairments of assets	993			—			993			—
Other operating items, net	132			463			1,931			949
Total other operating costs and expenses	67,165			61,814			132,863			122,749
Operating income	$	96,258		$	89,554		$	191,032		$	184,384

For purposes of this presentation, 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.

Total Reportable Segment Assets

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



	June 30,		December 31,
(In thousands)	2018		2017
Assets
Las Vegas Locals	$	1,752,150	$	1,792,119
Downtown Las Vegas	169,856		170,574
Midwest & South	2,565,077		2,496,957
Total Reportable Segment Assets	4,487,083		4,459,650
Corporate	688,583		226,280
Total Assets	$	5,175,666	$	4,685,930