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Investment in and Advances to Unconsolidated Affiliates (Notes) | 9 Months Ended
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Sep. 30, 2017
Investments in and Advances to Affiliates, Schedule of Investments [Abstract] |
Investments in and Advances to Affiliates, Schedule of Investments [Text Block] | Ocean Downs In August 2016, we signed a limited liability company operating agreement with Saratoga Casino Holdings LLC ("SCH"), with each entity having a 50% interest, and formed Old Bay Gaming and Racing LLC ("Old Bay"). The Old Bay agreement provides both the Company and SCH equal participating rights, and both entities must consent to Old Bay's operating, investing and financing decisions. On January 3, 2017, Old Bay acquired all of the equity interests of Ocean Enterprise 589 LLC, Ocean Downs LLC and Racing Services LLC (collectively, "Ocean Downs"). The Company's portion of the initial equity investment in Ocean Downs was $24.0 million. Ocean Downs, located near Ocean City, Maryland, owns and operates video lottery terminals ("VLT") at the Casino at Oceans Downs and conducts harness racing at Ocean Downs Racetrack. The Company's 25% interest in SCH provides an additional 12.5% interest, resulting in an effective 62.5% interest in Ocean Downs. Since both the Company and SCH have participating rights and both must consent to Old Bay's operating, investing and financing decisions, the Company accounts for Ocean Downs using the equity method of accounting. Miami Valley Gaming We have a 50% joint venture in Miami Valley Gaming ("MVG"), which has a harness racetrack and VLT gaming facility in Lebanon, Ohio, with Delaware North Companies Gaming & Entertainment Inc. Summarized below is financial information for our MVG equity investment:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2017 |  | 2016 |  | 2017 |  | 2016
Casino revenue | $ | 38.4 |  |  | $ | 36.1 |  |  | $ | 117.9 |  |  | $ | 108.7 |
Non-casino revenue | 1.2 |  |  | 1.2 |  |  | 5.1 |  |  | 5.2 |
Net revenue | 39.6 |  |  | 37.3 |  |  | 123.0 |  |  | 113.9 |
Operating and SG&A expense | 28.1 |  |  | 26.4 |  |  | 85.7 |  |  | 79.7 |
Depreciation & amortization | 3.2 |  |  | 3.4 |  |  | 9.5 |  |  | 9.9 |
Operating income | 8.3 |  |  | 7.5 |  |  | 27.8 |  |  | 24.3 |
Interest and other expense, net | (0.6 | ) |  | (0.8 | ) |  | (1.9 | ) |  | (2.6 | )
Net income | $ | 7.7 |  |  | $ | 6.7 |  |  | $ | 25.9 |  |  | $ | 21.7 |
(in millions) | September 30, 2017 |  | December 31, 2016
Assets |  |  |
Current assets | $ | 16.5 |  |  | $ | 18.7 |
Property and equipment, net | 104.6 |  |  | 109.8 |
Other assets, net | 107.7 |  |  | 105.0 |
Total assets | $ | 228.8 |  |  | $ | 233.5 |
Liabilities and Members' Equity |  |  |
Current liabilities | $ | 9.0 |  |  | $ | 12.5 |
Current portion of long-term debt | 8.3 |  |  | 8.3 |
Long-term debt, excluding current portion | 8.9 |  |  | 14.0 |
Other liabilities | 0.1 |  |  | 0.1 |
Members' equity | 202.5 |  |  | 198.6 |
Total liabilities and members' equity | $ | 228.8 |  |  | $ | 233.5 |
Our Condensed Consolidated Statements of Comprehensive Income include our 50% share of MVG's results as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2017 |  | 2016 |  | 2017 |  | 2016
Equity in income of unconsolidated investments | $ | 3.8 |  |  | $ | 3.4 |  |  | $ | 12.9 |  |  | $ | 10.9 |

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- Definition The entire disclosure for the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. It reflects specified information about ownership, financial results from, and financial position in such entities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 + Details
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