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Investment In and Advances to Unconsolidated Affiliates | 9 Months Ended
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Sep. 30, 2018
Investment In and Advances to Unconsolidated Affiliates |
Investment In Unconsolidated Affiliates | 8. Investment in Unconsolidated Affiliates The Company has a 50% investment in Kansas Entertainment, which is a joint venture with International Speedway Corporation. Kansas Entertainment owns Hollywood Casino at Kansas Speedway which is a Hollywood themed facility featuring 244,791 of property square footage with 1,988 slot machines, 41 table games and 12 poker tables, a 1,253 space parking structure, as well as a variety of dining and entertainment facilities. For the year ended December 31, 2017, the Company’s investment in Kansas Entertainment met the requirements of S-X Rule 4-08(g) to provide summarized financial information. The following table provides summary income statement information for Kansas Entertainment as required under S-X Rule 1-02(bb) for the comparative periods presented in the Company’s unaudited condensed consolidated statements of income.
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | 2018 |  | 2017 |  | 2018 |  | 2017 |
Net revenues |  | $ | 39,789 |  | $ | 38,295 |  | $ | 119,280 |  | $ | 116,065 |
Operating expenses |  |  | 27,408 |  |  | 27,981 |  |  | 82,991 |  |  | 85,171 |
Income from operations |  |  | 12,381 |  |  | 10,314 |  |  | 36,289 |  |  | 30,894 |
Net income |  | $ | 12,381 |  | $ | 10,314 |  | $ | 36,289 |  | $ | 30,894 |
Net income attributable to Penn |  | $ | 6,191 |  | $ | 5,157 |  | $ | 18,145 |  | $ | 15,447 |

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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