Organization and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Properties within Reportable Segments

For financial reporting purposes, we aggregate our operating segments into the following reportable segments:

Midwest segment, which includes:	Location
Ameristar Council Bluffs	Council Bluffs, Iowa
Ameristar East Chicago	East Chicago, Indiana
Ameristar Kansas City	Kansas City, Missouri
Ameristar St. Charles	St. Charles, Missouri
River City	St. Louis, Missouri
Belterra	Florence, Indiana
Belterra Park	Cincinnati, Ohio
South segment, which includes:	Location
Ameristar Vicksburg	Vicksburg, Mississippi
Boomtown Bossier City	Bossier City, Louisiana
Boomtown New Orleans	New Orleans, Louisiana
L’Auberge Baton Rouge	Baton Rouge, Louisiana
L’Auberge Lake Charles	Lake Charles, Louisiana
West segment, which includes:	Location
Ameristar Black Hawk	Black Hawk, Colorado
Cactus Petes and Horseshu	Jackpot, Nevada

Fair Value of Liabilities Measured on Recurring Basis

The following table presents a summary of fair value measurements by level for certain liabilities measured at fair value on a recurring basis in the unaudited Condensed Consolidated Balance Sheets:

			Fair Value Measurements Using:
	Total Fair Value		Level 1		Level 2		Level 3
	(in millions)
As of March 31, 2016
Liabilities:
Deferred compensation	$	0.4	$	0.4	$	—	$	—
As of December 31, 2015
Liabilities:
Deferred compensation	$	0.4	$	0.4	$	—	$	—

Fair Value Measurements Not Measured on a Recurring Basis

The following table presents a summary of fair value measurements by level for certain financial instruments not measured at fair value on a recurring basis in the unaudited Condensed Consolidated Balance Sheets for which it is practicable to estimate fair value:

					Fair Value Measurements Using:
	Total Carrying Amount		Total Fair Value		Level 1		Level 2		Level 3
	(in millions)
As of March 31, 2016
Assets:
Held-to-maturity securities	$	14.4	$	15.5	$	—	$	12.4	$	3.1
Promissory notes	$	14.9	$	19.4	$	—	$	19.4	$	—
Liabilities:
Long-term debt	$	3,525.7	$	3,673.0	$	—	$	3,673.0	$	—
As of December 31, 2015
Assets:
Held-to-maturity securities	$	14.4	$	15.2	$	—	$	12.1	$	3.1
Promissory notes	$	14.1	$	19.2	$	—	$	19.2	$	—
Liabilities:
Long-term debt	$	3,627.7	$	3,740.6	$	—	$	3,740.6	$	—

Summary of Land, Buildings, Vessels and Equipment

The following table presents a summary of our land, buildings, vessels and equipment:

	March 31, 2016			December 31, 2015
	(in millions)
Land, buildings, vessels and equipment:
Land and land improvements	$	424.6		$	422.8
Buildings, vessels and improvements	2,675.3			2,674.6
Furniture, fixtures and equipment	767.5			763.8
Construction in progress	37.2			33.2
Land, buildings, vessels and equipment, gross	3,904.6			3,894.4
Less: accumulated depreciation	(1,081.3		)	(1,038.4		)
Land, buildings, vessels and equipment, net	$	2,823.3		$	2,856.0

Schedule of Complimentary Revenue

Complimentary revenues that have been excluded from the accompanying unaudited Condensed Consolidated Statements of Operations were as follows:

	For the three months ended March 31,
	2016		2015
	(in millions)
Food and beverage	$	33.8	$	35.2
Lodging	15.8		15.2
Other	3.7		4.4
Total promotional allowances	$	53.3	$	54.8

The costs to provide such complimentary benefits were as follows:

	For the three months ended March 31,
	2016		2015
	(in millions)
Promotional allowance costs included in gaming expense	$	38.2	$	39.3

Schedule of Gaming Taxes

These taxes were as follows:

	For the three months ended March 31,
	2016		2015
	(in millions)
Gaming taxes	$	145.8	$	144.7

Schedule of Pre-opening, Development and Other Costs

Pre-opening, development and other costs consist of the following:

	For the three months ended March 31,
	2016		2015
	(in millions)
Restructuring costs (1)	$	3.5	$	0.7
Meadows acquisition costs (2)	1.7		—
Other	0.1		0.9
Total pre-opening, development and other costs	$	5.3	$	1.6

(1) Amounts comprised of costs associated with the separation of Former Pinnacle’s real estate assets from its operating assets. See Note 6, “Investment, Restructuring and Acquisition Activities.”

(2) Amount comprised of costs associated with the Company’s acquisition of The Meadows Racetrack and Casino (“Meadows”) business. See Note 6, “Investment, Restructuring and Acquisition Activities.”