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Management Fee Revenue
12 Months Ended
Dec. 31, 2011
Management Fee Revenue [Abstract]  
Management Fee Revenue
Management Fee Revenue
Station is the managing partner of Barley's, The Greens and Wildfire Lanes and receives a management fee equal to 10% of EBITDA from these properties. The Company's management fee revenue also includes fees earned by its 50% owned consolidated investee, MPM, for the management of Gun Lake Casino, which opened February 10, 2011. MPM is a variable interest entity and is required to be consolidated. MPM receives a management fee equal to 30% of Gun Lake's net income (as defined in the management agreement).
Prior to the Effective Date, STN earned management fees from Barley's, The Greens, Wildfire Lanes and Gun Lake under the arrangements described above. In addition, STN's management fee revenue for the years ended December 31, 2010 and 2009 includes fees earned from Thunder Valley, which STN managed on behalf of the United Auburn Indian Community. Under the Thunder Valley management agreement, which expired in June 2010, STN received a management fee equal to 24% of net income (as defined in the management agreement). STN was also the managing partner for Green Valley Ranch and Aliante Station, however, as a result of debt-related cash restrictions at those properties, STN recognized no management fee revenue from those properties during the Predecessor periods.
Management fees are included in net revenues on Station's consolidated statements of operations, and are recognized when the services have been performed, the amount of the fee is determinable, and collectability is reasonably assured.