XML 39 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Casino $ 147,662us-gaap_CasinoRevenue $ 44,669us-gaap_CasinoRevenue
Pari-mutuel commissions 1,205eri_PariMutuelCommissionsRevenue  
Food and beverage 22,182us-gaap_FoodAndBeverageRevenue 14,347us-gaap_FoodAndBeverageRevenue
Hotel 7,034us-gaap_RevenueFromOwnedHotels 5,887us-gaap_RevenueFromOwnedHotels
Other 4,726us-gaap_OtherSalesRevenueNet 2,180us-gaap_OtherSalesRevenueNet
Gross operating revenues 182,809us-gaap_Revenues 67,083us-gaap_Revenues
Less: Promotional allowances (15,358)us-gaap_PromotionalAllowances (10,053)us-gaap_PromotionalAllowances
Net operating revenues 167,451us-gaap_SalesRevenueNet 57,030us-gaap_SalesRevenueNet
Expenses:    
Casino 86,818us-gaap_CasinoExpenses 23,974us-gaap_CasinoExpenses
Pari-mutuel commissions 1,696eri_PariMutuelCommissions  
Food and beverage 11,921us-gaap_FoodAndBeverageCostOfSales 7,021us-gaap_FoodAndBeverageCostOfSales
Hotel 2,190us-gaap_OccupancyCosts 1,945us-gaap_OccupancyCosts
Other 2,867us-gaap_OtherCostOfOperatingRevenue 1,649us-gaap_OtherCostOfOperatingRevenue
Marketing and promotions 7,101us-gaap_MarketingAndAdvertisingExpense 4,137us-gaap_MarketingAndAdvertisingExpense
General and administrative 27,704us-gaap_GeneralAndAdministrativeExpense 10,812us-gaap_GeneralAndAdministrativeExpense
Depreciation and amortization 14,469us-gaap_DepreciationAndAmortization 4,188us-gaap_DepreciationAndAmortization
Total operating expenses 154,766us-gaap_CostsAndExpenses 53,726us-gaap_CostsAndExpenses
Gain on sale or disposal of property 1us-gaap_GainLossOnSaleOfPropertyPlantEquipment  
Acquisition charges (84)us-gaap_AcquisitionCosts (1,372)us-gaap_AcquisitionCosts
Equity in income (losses) of unconsolidated affiliates (518)us-gaap_IncomeLossFromEquityMethodInvestments (380)us-gaap_IncomeLossFromEquityMethodInvestments
Operating income 12,084us-gaap_OperatingIncomeLoss 1,552us-gaap_OperatingIncomeLoss
Other Income (Expense):    
Interest income 5us-gaap_InvestmentIncomeInterest 4us-gaap_InvestmentIncomeInterest
Interest expense (17,237)us-gaap_InterestExpense (3,889)us-gaap_InterestExpense
Total other expense (17,232)us-gaap_OtherNonoperatingIncomeExpense (3,885)us-gaap_OtherNonoperatingIncomeExpense
Net loss before income taxes (5,148)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (2,333)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes (1,016)us-gaap_IncomeTaxExpenseBenefit 0us-gaap_IncomeTaxExpenseBenefit
Net loss $ (6,164)us-gaap_NetIncomeLoss $ (2,333)us-gaap_NetIncomeLoss
Net Loss per share of Common Stock:    
Basic and diluted $ (0.13)us-gaap_EarningsPerShareBasicAndDiluted $ (0.10)us-gaap_EarningsPerShareBasicAndDiluted
Weighted Average Number of Shares Outstanding:    
Basic and diluted 46,494,638us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 23,311,492us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted