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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016
Accounting Policies [Abstract] |  |  |
Schedule of Composition of Segments | Headquartered in Las Vegas, Nevada, we have gaming operations in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania. For financial reporting purposes, we aggregate in order to present the following three reportable segments:
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
Belterra Casino Resort | Florence, Indiana
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
Ameristar Casino Hotel Kansas City | Kansas City, Missouri
Ameristar Casino Resort Spa St. Charles | St. Charles, Missouri
Belterra Park | Cincinnati, Ohio
Valley Forge Casino Resort | King of Prussia, Pennsylvania
Schedule of Allowance for Doubtful Accounts | The activity comprising our allowance for doubtful accounts is as follows:
| Year Ended December 31,
(In thousands) | 2018 |  | 2017 |  | 2016
Beginning balance, January 1, | $ | 2,072 |  |  | $ | 1,971 |  |  | $ | 2,087 |
Additions due to Acquisitions | 1,425 |  |  | — |  |  | 87 |
Additions | 180 |  |  | 478 |  |  | 345 |
Deductions | (70 | ) |  | (377 | ) |  | (548 | )
Ending balance, December 31, | $ | 3,607 |  |  | $ | 2,072 |  |  | $ | 1,971 |
Schedule of Property and Equipment | The estimated useful lives of our major components of property and equipment are:
Building and improvements | 3 through 40 years
Riverboats and barges | 5 through 40 years
Furniture and equipment | 1 through 10 years
Property and equipment, net consists of the following:
| December 31,
(In thousands) | 2018 |  | 2017
Land | $ | 316,590 |  |  | $ | 294,533 |
Buildings and improvements | 3,084,337 |  |  | 2,935,539 |
Furniture and equipment | 1,480,917 |  |  | 1,311,704 |
Riverboats and barges | 240,507 |  |  | 238,926 |
Construction in progress | 66,752 |  |  | 59,538 |
Total property and equipment | 5,189,103 |  |  | 4,840,240 |
Less accumulated depreciation | 2,473,039 |  |  | 2,300,454 |
Property and equipment, net | $ | 2,716,064 |  |  | $ | 2,539,786 |
Schedule of Bond Maturity Dates | Future maturities of the City Bonds, excluding the discount, for the years ending December 31 are summarized as follows:
(In thousands) |
For the year ending December 31, |
2019 | $ | 510 |
2020 | 550 |
2021 | 590 |
2022 | 635 |
2023 | 680 |
Thereafter | 17,080 |
Total | $ | 20,045 |
Changes in Self-Insurance Reserves | Self-insurance reserves are included in other liabilities on our consolidated balance sheets. The activity comprising our self-insurance reserves is as follows:
| Year Ended December 31,
(In thousands) | 2018 |  | 2017 |  | 2016
Beginning balance, January 1, | $ | 33,995 |  |  | $ | 31,022 |  |  | $ | 30,068 |
Additions |  |  |  |  |
Charged to costs and expenses | 90,299 |  |  | 84,209 |  |  | 79,685 |
Due to acquisitions | 3,279 |  |  | — |  |  | 14 |
Payments made | (90,072 | ) |  | (81,236 | ) |  | (78,745 | )
Ending balance, December 31, | $ | 37,501 |  |  | $ | 33,995 |  |  | $ | 31,022 |
Weighted-Average Assumptions Used in Estimating the Fair Value of Significant Stock Option Grants and Awards | The following table discloses the weighted-average assumptions used in estimating the fair value of our significant stock option grants and awards in 2016:
| Year Ended December 31, 2016
Expected stock price volatility | 46.62 | %
Risk-free interest rate | 1.39 | %
Expected option life (in years) | 5.4 |
Estimated fair value per share | $ | 7.67 |
Schedule of Cash and Cash Equivalents and Restricted Cash [Table Text Block] | The following table provides a reconciliation of cash, cash equivalents and restricted cash balances reported within the consolidated balance sheets to the total balance shown in the consolidated statements of cash flows.
| December 31, |  | December 31, |  | December 31, |  | December 31,
(In thousands) | 2018 |  | 2017 |  | 2016 |  | 2015
Cash and cash equivalents | $ | 249,417 |  |  | $ | 203,104 |  |  | $ | 193,862 |  |  | $ | 158,821 |
Restricted cash | 23,785 |  |  | 24,175 |  |  | 16,488 |  |  | 19,030 |
Total cash, cash equivalents and restricted cash | $ | 273,202 |  |  | $ | 227,279 |  |  | $ | 210,350 |  |  | $ | 177,851 |
Schedule of Promotional Allowances | The estimated retail value related to goods and services provided to customers without charge or upon redemption of points under our player loyalty programs, included in departmental revenues, and therefore reducing our gaming revenues, are as follows:
| Year Ended December 31,
(In thousands) | 2018 |  | 2017 |  | 2016
Food & beverage | $ | 182,960 |  |  | $ | 171,904 |  |  | $ | 147,494 |
Rooms | 81,671 |  |  | 76,565 |  |  | 75,647 |
Other | 11,939 |  |  | 10,900 |  |  | 11,076 |
Schedule of Cash Flows Adjustments [Table Text Block] |  | The effects of adopting Update 2016-18 on our consolidated statement of cash flows for the years ended December 31, 2017 and 2016 were as follows:
| Year Ended December 31, 2017
(In thousands) | As Previously Reported |  | Adoption of Update 2016-18 |  | As Adjusted
Net cash provided by operating activities | $ | 414,864 |  |  | $ | 7,687 |  |  | $ | 422,551 |
Cash, cash equivalents and restricted cash, beginning of period | $ | 193,862 |  |  | $ | 16,488 |  |  | $ | 210,350 |
Net increase (decrease) in cash, cash equivalents and restricted cash | 9,242 |  |  | 7,687 |  |  | 16,929 |
Cash, cash equivalents and restricted cash, end of period | $ | 203,104 |  |  | $ | 24,175 |  |  | $ | 227,279 |
| Year Ended December 31, 2016
(In thousands) | As Previously Reported |  | Adoption of Update 2016-18 |  | As Adjusted
Net cash provided by operating activities | $ | 302,881 |  |  | $ | (2,542 | ) |  | $ | 300,339 |
Cash, cash equivalents and restricted cash, beginning of period | $ | 158,821 |  |  | $ | 19,030 |  |  | $ | 177,851 |
Net increase (decrease) in cash, cash equivalents and restricted cash | 35,041 |  |  | (2,542 | ) |  | 32,499 |
Cash, cash equivalents and restricted cash, end of period | $ | 193,862 |  |  | $ | 16,488 |  |  | $ | 210,350 |
Schedule of Prospective Adoption of New Accounting Pronouncements [Table Text Block] |  | The effects of the adoption of the Revenue Standard on our results for the year ended December 31, 2017 are as follows:
| Year Ended December 31, 2017
(In thousands, except per share data) | As Previously Reported |  | Adoption of Revenue Standard |  | As Adjusted
Revenues |  |  |  |  |
Gaming | $ | 1,972,422 |  |  | $ | (232,154 | ) |  | $ | 1,740,268 |
Food & beverage | 349,271 |  |  | (2,892 | ) |  | 346,379 |
Room | 188,689 |  |  | (1,894 | ) |  | 186,795 |
Other | 132,695 |  |  | (5,318 | ) |  | 127,377 |
Gross revenues | 2,643,077 |  |  | (242,258 | ) |  | 2,400,819 |
Less promotional allowances | 259,370 |  |  | (259,370 | ) |  | — |
Net revenues | 2,383,707 |  |  | 17,112 |  |  | 2,400,819 |
Operating costs and expenses |  |  |  |  |
Gaming | 923,266 |  |  | (163,654 | ) |  | 759,612 |
Food & beverage | 194,524 |  |  | 140,982 |  |  | 335,506 |
Room | 52,196 |  |  | 32,992 |  |  | 85,188 |
Other | 77,129 |  |  | 6,486 |  |  | 83,615 |
Selling, general and administrative | 362,037 |  |  | — |  |  | 362,037 |
Maintenance and utilities | 109,462 |  |  | — |  |  | 109,462 |
Depreciation and amortization | 217,522 |  |  | — |  |  | 217,522 |
Corporate expense | 88,148 |  |  | — |  |  | 88,148 |
Project development, preopening and writedowns | 14,454 |  |  | — |  |  | 14,454 |
Impairments of assets | (426 | ) |  | — |  |  | (426 | )
Other operating items, net | 1,900 |  |  | — |  |  | 1,900 |
Total operating costs and expenses | 2,040,212 |  |  | 16,806 |  |  | 2,057,018 |
Operating income | 343,495 |  |  | 306 |  |  | 343,801 |
Other expense (income) |  |  |  |  |
Interest income | (1,818 | ) |  | — |  |  | (1,818 | )
Interest expense, net of amounts capitalized | 173,108 |  |  | — |  |  | 173,108 |
Loss on early extinguishments and modifications of debt | 1,582 |  |  | — |  |  | 1,582 |
Other, net | (184 | ) |  | — |  |  | (184 | )
Total other expense, net | 172,688 |  |  | — |  |  | 172,688 |
Income from continuing operations before income taxes | 170,807 |  |  | 306 |  |  | 171,113 |
Income tax provision | (3,006 | ) |  | (109 | ) |  | (3,115 | )
Income from continuing operations, net of tax | 167,801 |  |  | 197 |  |  | 167,998 |
Income from discontinued operations, net of tax | 21,392 |  |  | — |  |  | 21,392 |
Net income | $ | 189,193 |  |  | $ | 197 |  |  | $ | 189,390 |
Basic net income per common share |  |  |  |  |
Continuing operations | $ | 1.46 |  |  | $ | — |  |  | $ | 1.46 |
Discontinued operations | 0.19 |  |  | — |  |  | 0.19 |
Basic net income per common share | $ | 1.65 |  |  | $ | — |  |  | $ | 1.65 |
Weighted average basic shares outstanding | 114,957 |  |  | — |  |  | 114,957 |
Diluted net income per common share |  |  |  |  |
Continuing operations | $ | 1.45 |  |  | $ | — |  |  | $ | 1.45 |
Discontinued operations | 0.19 |  |  | — |  |  | 0.19 |
Diluted net income per common share | $ | 1.64 |  |  | $ | — |  |  | $ | 1.64 |
Weighted average diluted shares outstanding | 115,628 |  |  | — |  |  | 115,628 |
| The effects of the adoption of the Revenue Standard on our results for the year ended December 31, 2016 are as follows:
| Year Ended December 31, 2016
(In thousands, except per share data) | As Previously Reported |  | Adoption of Revenue Standard |  | As Adjusted
Revenues |  |  |  |  |
Gaming | $ | 1,820,176 |  |  | $ | (209,783 | ) |  | $ | 1,610,393 |
Food & beverage | 306,145 |  |  | (3,440 | ) |  | 302,705 |
Room | 170,816 |  |  | (1,425 | ) |  | 169,391 |
Other | 122,416 |  |  | (5,646 | ) |  | 116,770 |
Gross revenues | 2,419,553 |  |  | (220,294 | ) |  | 2,199,259 |
Less promotional allowances | 235,577 |  |  | (235,577 | ) |  | — |
Net revenues | 2,183,976 |  |  | 15,283 |  |  | 2,199,259 |
Operating costs and expenses |  |  |  |  |
Gaming | 880,716 |  |  | (155,638 | ) |  | 725,078 |
Food & beverage | 170,053 |  |  | 130,713 |  |  | 300,766 |
Room | 44,245 |  |  | 33,489 |  |  | 77,734 |
Other | 76,719 |  |  | 6,688 |  |  | 83,407 |
Selling, general and administrative | 322,009 |  |  | 250 |  |  | 322,259 |
Maintenance and utilities | 100,020 |  |  | — |  |  | 100,020 |
Depreciation and amortization | 196,226 |  |  | — |  |  | 196,226 |
Corporate expense | 72,668 |  |  | — |  |  | 72,668 |
Project development, preopening and writedowns | 22,107 |  |  | — |  |  | 22,107 |
Impairments of assets | 38,302 |  |  | — |  |  | 38,302 |
Other operating items, net | 284 |  |  | — |  |  | 284 |
Total operating costs and expenses | 1,923,349 |  |  | 15,502 |  |  | 1,938,851 |
Operating income | 260,627 |  |  | (219 | ) |  | 260,408 |
Other expense (income) |  |  |  |  |
Interest income | (2,961 | ) |  | — |  |  | (2,961 | )
Interest expense, net of amounts capitalized | 212,692 |  |  | — |  |  | 212,692 |
Loss on early extinguishments and modifications of debt | 42,364 |  |  | — |  |  | 42,364 |
Other, net | 545 |  |  | — |  |  | 545 |
Total other expense, net | 252,640 |  |  | — |  |  | 252,640 |
Income from continuing operations before income taxes | 7,987 |  |  | (219 | ) |  | 7,768 |
Income tax benefit | 197,486 |  |  | 2,447 |  |  | 199,933 |
Income from continuing operations, net of tax | 205,473 |  |  | 2,228 |  |  | 207,701 |
Income from discontinued operations, net of tax | 212,530 |  |  | — |  |  | 212,530 |
Net income | $ | 418,003 |  |  | $ | 2,228 |  |  | $ | 420,231 |
Basic net income per common share |  |  |  |  |
Continuing operations | $ | 1.79 |  |  | $ | 0.02 |  |  | $ | 1.81 |
Discontinued operations | 1.86 |  |  | — |  |  | 1.86 |
Basic net income per common share | $ | 3.65 |  |  | $ | 0.02 |  |  | $ | 3.67 |
Weighted average basic shares outstanding | 114,507 |  | 114,507 |  | — |  |  | 114,507 |
Diluted net income per common share |  |  |  |  |
Continuing operations | $ | 1.78 |  |  | $ | 0.02 |  |  | $ | 1.80 |
Discontinued operations | 1.85 |  |  | — |  |  | 1.85 |
Diluted net income per common share | $ | 3.63 |  |  | $ | 0.02 |  |  | $ | 3.65 |
Weighted average diluted shares outstanding | 115,189 |  |  | — |  |  | 115,189 |

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