XML 55 R38.htm IDEA: XBRL DOCUMENT 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 $ 12,163us-gaap_InterestExpense $ 11,295us-gaap_InterestExpense  
Carrying Amount      
Financial assets:      
Cash and Cash Equivalents 237,729us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
  208,673us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Fair Value      
Financial assets:      
Cash and Cash Equivalents 237,729us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
  208,673us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Level 1      
Financial assets:      
Cash and Cash Equivalents 237,729us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
  208,673us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
Senior Secured Credit Facility | Carrying Amount      
Financial assets:      
Debt Instrument, Fair Value Disclosure 810,153us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= penn_SeniorSecuredCreditFacilityMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
  785,683us-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 825,313us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= penn_SeniorSecuredCreditFacilityMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
  799,556us-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 710,313us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= penn_SeniorSecuredCreditFacilityMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
  714,556us-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 115,000us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= penn_SeniorSecuredCreditFacilityMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
  85,000us-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 295,770us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= penn_SeniorUnsecuredNotesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
  295,610us-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 299,250us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= penn_SeniorUnsecuredNotesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
  276,000us-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 299,250us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= penn_SeniorUnsecuredNotesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
  276,000us-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 169,840us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= penn_OtherLongTermObligationMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
  154,189us-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 169,589us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= penn_OtherLongTermObligationMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
  154,189us-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 150,049us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= penn_OtherLongTermObligationMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
  135,000us-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 19,540us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= penn_OtherLongTermObligationMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
  19,189us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= penn_OtherLongTermObligationMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
Other long-term obligations | Plainridge Racecourse      
Financial assets:      
Interest expense $ 400us-gaap_InterestExpense
/ us-gaap_BusinessAcquisitionAxis
= penn_PlainridgeRacecourseMember
/ us-gaap_DebtInstrumentAxis
= penn_OtherLongTermObligationMember