Investment in and Advances to Unconsolidated Affiliates (Notes)

9 Months Ended

Sep. 30, 2018

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Investments in and Advances to Affiliates, Schedule of Investments [Text Block]

As of September 30, 2018 and as a result of the Ocean Downs/Saratoga Transaction, the Company's only equity investments were the 50% joint venture ownership in Miami Valley Gaming ("MVG") in Lebanon, Ohio and other equity investments that are not material. As further discussed in Note 6, Acquisitions, the Company closed the acquisition of the remaining 50% ownership of Ocean Downs owned by SCH in exchange for liquidating the Company's 25% equity interest in SCH, which is the parent company of Saratoga New York and Saratoga Colorado. Upon closing of the Ocean Downs/Saratoga Transaction on August 31, 2018, the Company owns 100% of Ocean Downs and has no equity interest or management involvement in Saratoga New York or Saratoga Colorado. Prior to August 31, 2018, Ocean Downs was accounted for under the equity method.

Summarized below are the financial results for our unconsolidated affiliates:



	Three Months Ended September 30,					Nine Months Ended September 30,
(in millions)	2018			2017		2018			2017
Net revenue	$	105.2		$	128.4	$	322.1		$	340.9

Operating and SG&A expense	76.4			97.9		240.5			263.3
Depreciation and amortization	5.9			5.2		19.0			16.1
Total operating expense	82.3			103.1		259.5			279.4
Operating income	22.9			25.3		62.6			61.5
Interest and other, net	(1.0		)	0.3		(5.6		)	(4.7		)
Net income	$	21.9		$	25.6	$	57.0		$	56.8



(in millions)	September 30, 2018		December 31, 2017
Assets
Current assets	$	21.5	$	64.5
Property and equipment, net	98.0		234.6
Other assets, net	107.0		236.5
Total assets	$	226.5	$	535.6

Liabilities and Members' Equity
Current liabilities	$	19.3	$	100.3
Long-term debt	1.6		110.1
Other liabilities	0.1		0.1
Members' equity	205.5		325.1
Total liabilities and members' equity	$	226.5	$	535.6