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
Valley Forge Casino Resort	King of Prussia, Pennsylvania

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 September 30, 2018
(In thousands)	Gaming Revenue		Food & Beverage Revenue		Room Revenue		Other Revenue		Total Revenue
Revenues
Las Vegas Locals	$	135,350	$	37,469	$	23,421	$	12,541	$	208,781
Downtown Las Vegas	30,952		13,713		6,673		7,825		59,163
Midwest & South	280,458		34,824		17,890		11,080		344,252
Total Revenues	$	446,760	$	86,006	$	47,984	$	31,446	$	612,196



	Three Months Ended September 30, 2017
(In thousands)	Gaming Revenue		Food & Beverage Revenue		Room Revenue		Other Revenue		Total Revenue
Revenues
Las Vegas Locals	$	137,116	$	37,061	$	23,798	$	11,691	$	209,666
Downtown Las Vegas	31,428		13,400		6,174		7,779		58,781
Midwest & South	260,308		34,535		17,628		10,624		323,095
Total Revenues	$	428,852	$	84,996	$	47,600	$	30,094	$	591,542



	Nine Months Ended September 30, 2018
(In thousands)	Gaming Revenue		Food & Beverage Revenue		Room Revenue		Other Revenue		Total Revenue
Revenues
Las Vegas Locals	$	420,986	$	115,287	$	75,236	$	39,421	$	650,930
Downtown Las Vegas	96,213		41,041		20,090		23,489		180,833
Midwest & South	817,812		102,678		50,004		32,850		1,003,344
Total Revenues	$	1,335,011	$	259,006	$	145,330	$	95,760	$	1,835,107



	Nine Months Ended September 30, 2017
(In thousands)	Gaming Revenue		Food & Beverage Revenue		Room Revenue		Other Revenue		Total Revenue
Revenues
Las Vegas Locals	$	420,924	$	114,427	$	74,897	$	38,332	$	648,580
Downtown Las Vegas	97,544		40,229		18,056		23,531		179,360
Midwest & South	791,454		104,589		49,331		32,417		977,791
Total Revenues	$	1,309,922	$	259,245	$	142,284	$	94,280	$	1,805,731

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						Nine Months Ended
	September 30,						September 30,
(In thousands)	2018			2017			2018			2017
Adjusted EBITDA
Las Vegas Locals	$	60,021		$	56,296		$	201,299		$	185,510
Downtown Las Vegas	11,368			11,595			38,129			37,841
Midwest & South	97,837			90,135			290,593			278,178
Total Reportable Segment Adjusted EBITDA	169,226			158,026			530,021			501,529
Corporate expense	(20,475		)	(17,480		)	(57,375		)	(53,850		)
Adjusted EBITDA	148,751			140,546			472,646			447,679
Other operating costs and expenses
Deferred rent	275			290			825			977
Depreciation and amortization	54,688			55,201			159,887			161,728
Share-based compensation expense	5,367			2,382			20,316			11,212
Project development, preopening and writedowns	18,588			2,975			27,829			8,731
Impairments of assets	—			—			993			—
Other operating items, net	265			758			2,196			1,707
Total other operating costs and expenses	79,183			61,606			212,046			184,355
Operating income	$	69,568		$	78,940		$	260,600		$	263,324

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:



	September 30,		December 31,
(In thousands)	2018		2017
Assets
Las Vegas Locals	$	1,739,356	$	1,792,119
Downtown Las Vegas	173,694		170,574
Midwest & South	2,838,920		2,496,957
Total Reportable Segment Assets	4,751,970		4,459,650
Corporate	523,183		226,280
Total Assets	$	5,275,153	$	4,685,930