SEGMENT INFORMATION

We have aggregated certain of our properties in order to present three Reportable Segments: (i) Las Vegas Locals; (ii) Downtown Las Vegas; and (iii) Midwest & South. The table in Note 1, Summary of Significant Accounting Policies, lists the classification of each of our properties.

Results of Operations - Total Reportable Segment Total 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.

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



	Year Ended December 31, 2018
(In thousands)	Gaming Revenue		Food & Beverage Revenue		Room Revenue		Other Revenue		Total Revenue
Revenues
Las Vegas Locals	$	565,579	$	155,107	$	100,110	$	52,708	$	873,504
Downtown Las Vegas	132,870		55,767		26,943		32,530		248,110
Midwest & South	1,226,975		157,014		72,447		48,680		1,505,116
Total Revenues	$	1,925,424	$	367,888	$	199,500	$	133,918	$	2,626,730



	Year Ended December 31, 2017
(In thousands)	Gaming Revenue		Food & Beverage Revenue		Room Revenue		Other Revenue		Total Revenue
Revenues
Las Vegas Locals	$	563,785	$	154,451	$	98,406	$	51,735	$	868,377
Downtown Las Vegas	133,072		54,451		24,623		32,295		244,441
Midwest & South	1,043,411		137,477		63,766		43,347		1,288,001
Total Revenues	$	1,740,268	$	346,379	$	186,795	$	127,377	$	2,400,819



	Year Ended December 31, 2016
(In thousands)	Gaming Revenue		Food & Beverage Revenue		Room Revenue		Other Revenue		Total Revenue
Revenues
Las Vegas Locals	$	422,375	$	108,541	$	82,566	$	41,533	$	655,015
Downtown Las Vegas	133,165		52,849		20,209		30,347		236,570
Midwest & South	1,054,853		141,315		66,616		44,890		1,307,674
Total Revenues	$	1,610,393	$	302,705	$	169,391	$	116,770	$	2,199,259

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



	Year Ended December 31,
(In thousands)	2018			2017			2016
Adjusted EBITDAR
Las Vegas Locals	$	274,344		$	249,906		$	176,066
Downtown Las Vegas	56,517			54,613			52,341
Midwest & South	432,366			364,458			367,579
Total Reportable Segment Adjusted EBITDAR	763,227			668,977			595,986
Corporate expense	(81,938		)	(73,046		)	(59,875		)
Adjusted EBITDAR	681,289			595,931			536,111
Master lease rent expense	(20,682		)	—			—
Adjusted EBITDA	660,607			595,931			536,111

Other operating costs and expenses
Deferred rent	1,100			1,267			3,266
Depreciation and amortization	229,979			217,522			196,226
Project development, preopening and writedowns	45,698			14,454			22,107
Share-based compensation expense	25,379			17,413			15,518
Impairments of assets	993			(426		)	38,302
Other operating charges, net	2,174			1,900			284
Total other operating costs and expenses	305,323			252,130			275,703
Operating income	$	355,284		$	343,801		$	260,408

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:



	December 31,
(In thousands)	2018		2017
Assets
Las Vegas Locals	$	1,732,138	$	1,792,119
Downtown Las Vegas	169,495		170,574
Midwest & South	3,562,926		2,496,957
Total Reportable Segment assets	5,464,559		4,459,650
Corporate	291,780		226,280
Total assets	$	5,756,339	$	4,685,930

Capital Expenditures

The Company's capital expenditures by Reportable Segment, consisted of the following:



	Year Ended December 31,
(In thousands)	2018			2017		2016
Capital Expenditures:
Las Vegas Locals	$	33,503		$	59,382	$	42,069
Downtown Las Vegas	12,885			21,705		28,431
Midwest & South	69,285			37,657		73,255
Total Reportable Segment Capital Expenditures	115,673			118,744		143,755
Corporate	50,238			71,673		16,672
Total Capital Expenditures	165,911			190,417		160,427
Change in Accrued Property Additions	(4,367		)	47		(69		)
Cash-Based Capital Expenditures	$	161,544		$	190,464	$	160,358

The Company utilizes the Corporate entities to centralize the development of major renovation and other capital development projects that are included as construction in progress. After the project is complete, the corporate entities transfer the projects to the segment subsidiaries.