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Calder Racing Operations (Notes) | 6 Months Ended
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Jun. 30, 2015
Calder Racing [Abstract] |
Calder Racing Operations [Text Block] | NOTE 13 — CALDER RACING On July 1, 2014, the Company finalized an agreement with The Stronach Group (“TSG”) under which TSG operates, at TSG’s expense, live racing and maintains certain facilities used for racing and training at Calder. The agreement, which expires on December 31, 2020, involves a lease to TSG of Calder’s racetrack and certain other racing and training facilities. TSG operates live horse racing at Calder, under Calder’s racing permits, in compliance with all applicable laws and licensing requirements and maintains the racing and training facilities at Calder on a year-round basis. Furthermore, TSG is responsible for substantially all of the direct and indirect costs associated with these activities and receives the associated revenues. The Company continues to own and operate the Calder Casino. As a result of the agreement with TSG, Calder recognized accelerated depreciation expense of approximately $2.4 million during the year ended December 31, 2014 primarily related to Calder's barns, which were not expected to be utilized subsequent to December 31, 2014. During the six months ended June 30, 2015, the Company continued its assessment of potential alternative uses of its Calder facility not associated with the lease agreement. As a result, Calder commenced the demolition of its barns not associated with the TSG agreement. During the six months ended June 30, 2015, Calder expensed approximately $0.8 million within its operating expenses for construction costs related to the removal of the barns and to prepare the stable area for alternate future uses. See further discussion of the demolition of Calder's grandstand in Note 15, Subsequent Events.

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