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v2.4.1.9

Fair Value Measurements (Details) (USD $) In Thousands, unless otherwise specified | 3 Months Ended |
--- | --- | ---
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014
Financial assets: |  |  |
Interest expense | $ 12,163 us-gaap_InterestExpense | $ 11,295 us-gaap_InterestExpense |
Carrying Amount |  |  |
Financial assets: |  |  |
Cash and Cash Equivalents | 237,729 us-gaap_CashAndCashEquivalentsFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember |  | 208,673 us-gaap_CashAndCashEquivalentsFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember
Fair Value |  |  |
Financial assets: |  |  |
Cash and Cash Equivalents | 237,729 us-gaap_CashAndCashEquivalentsFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember |  | 208,673 us-gaap_CashAndCashEquivalentsFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember
Level 1 |  |  |
Financial assets: |  |  |
Cash and Cash Equivalents | 237,729 us-gaap_CashAndCashEquivalentsFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel1Member |  | 208,673 us-gaap_CashAndCashEquivalentsFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel1Member
Senior Secured Credit Facility | Carrying Amount |  |  |
Financial assets: |  |  |
Debt Instrument, Fair Value Disclosure | 810,153 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_SeniorSecuredCreditFacilityMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember |  | 785,683 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_SeniorSecuredCreditFacilityMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember
Senior Secured Credit Facility | Fair Value |  |  |
Financial assets: |  |  |
Debt Instrument, Fair Value Disclosure | 825,313 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_SeniorSecuredCreditFacilityMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember |  | 799,556 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_SeniorSecuredCreditFacilityMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember
Senior Secured Credit Facility | Level 1 |  |  |
Financial assets: |  |  |
Debt Instrument, Fair Value Disclosure | 710,313 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_SeniorSecuredCreditFacilityMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel1Member |  | 714,556 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_SeniorSecuredCreditFacilityMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel1Member
Senior Secured Credit Facility | Level 2 |  |  |
Financial assets: |  |  |
Debt Instrument, Fair Value Disclosure | 115,000 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_SeniorSecuredCreditFacilityMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member |  | 85,000 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_SeniorSecuredCreditFacilityMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member
Senior Unsecured Notes | Carrying Amount |  |  |
Financial assets: |  |  |
Debt Instrument, Fair Value Disclosure | 295,770 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_SeniorUnsecuredNotesMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember |  | 295,610 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_SeniorUnsecuredNotesMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember
Senior Unsecured Notes | Fair Value |  |  |
Financial assets: |  |  |
Debt Instrument, Fair Value Disclosure | 299,250 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_SeniorUnsecuredNotesMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember |  | 276,000 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_SeniorUnsecuredNotesMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember
Senior Unsecured Notes | Level 1 |  |  |
Financial assets: |  |  |
Debt Instrument, Fair Value Disclosure | 299,250 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_SeniorUnsecuredNotesMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel1Member |  | 276,000 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_SeniorUnsecuredNotesMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel1Member
Other long-term obligations | Hollywood Gaming at Dayton Raceway And Mahoning Valley Race Course |  |  |
Financial assets: |  |  |
Discount Rate | 5.00%us-gaap_FairValueInputsDiscountRate / us-gaap_DebtInstrumentAxis = penn_OtherLongTermObligationMember / us-gaap_SubsegmentsAxis = penn_HollywoodGamingAtDaytonRacewayAndMahoningValleyRaceCourseMember |  |
Other long-term obligations | Carrying Amount |  |  |
Financial assets: |  |  |
Debt Instrument, Fair Value Disclosure | 169,840 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_OtherLongTermObligationMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember |  | 154,189 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_OtherLongTermObligationMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember
Other long-term obligations | Fair Value |  |  |
Financial assets: |  |  |
Debt Instrument, Fair Value Disclosure | 169,589 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_OtherLongTermObligationMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember |  | 154,189 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_OtherLongTermObligationMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember
Other long-term obligations | Level 2 |  |  |
Financial assets: |  |  |
Debt Instrument, Fair Value Disclosure | 150,049 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_OtherLongTermObligationMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member |  | 135,000 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_OtherLongTermObligationMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member
Other long-term obligations | Level 3 |  |  |
Financial assets: |  |  |
Debt Instrument, Fair Value Disclosure | 19,540 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_OtherLongTermObligationMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member |  | 19,189 us-gaap_DebtInstrumentFairValue / us-gaap_DebtInstrumentAxis = penn_OtherLongTermObligationMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member
Other long-term obligations | Plainridge Racecourse |  |  |
Financial assets: |  |  |
Interest expense | $ 400 us-gaap_InterestExpense / us-gaap_BusinessAcquisitionAxis = penn_PlainridgeRacecourseMember / us-gaap_DebtInstrumentAxis = penn_OtherLongTermObligationMember |  |

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- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016 + Details
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