Investment In and Advances To Unconsolidated Affiliate (Notes)

12 Months Ended

Dec. 31, 2013

Investment In and Advances To Unconsolidated Affiliate [Abstract]

Investments in and Advances to Affiliates, Schedule of Investments [Text Block]

NOTE 7—INVESTMENT IN AND ADVANCES TO UNCONSOLIDATED AFFILIATE

Investment in and advances to unconsolidated affiliate includes the Company's 50% joint venture with DNC to develop MVG, a new harness race track and VLT gaming facility in Lebanon, Ohio, as more fully described in Note 2-Acquisitions and New Ventures.

Since both DNC and the Company have participating rights over MVG, and both must consent to MVG's operating, investing and financing decisions, the Company accounts for MVG using the equity method.

Summarized financial information for MVG at December 31, 2013 and 2012 and for the two years ended December, 31, 2013 and 2012 is comprised of the following (in thousands):

	2013		2012
Assets
Current assets	$	18,002	$	1,982
Property and equipment, net	151,434		3,662
Other assets, net	80,665		74,823
Total assets	$	250,101	$	80,467
Liabilities and Members' Equity
Current liabilities	$	46,966	$	1,986
Long-term debt	40,758		50,000
Other liabilities	75		—
Members' equity	162,302		28,481
Total liabilities and members' equity	$	250,101	$	80,467

The joint venture's long-term debt consists of a $50 million secured note payable from MVG to the MVG Sellers. At December 31, 2013, the decrease in long-term debt from the balance at December 31, 2012 reflects an adjustment made to reflect the fair value of the long-term debt.

	Years Ended December 31,
	2013			2012
Gaming revenue	$	6,033		$	—
Non-gaming revenue	5,919			109
Net revenues	11,952			109
Operating and SG&A expenses	10,605			242
Depreciation & amortization expenses	945			7
Pre-opening expenses	7,240			1,079
Operating loss	(6,838		)	(1,219		)
Interest and other expenses, net	(340		)	—
Net loss	$	(7,178	)	$	(1,219	)

The Company's share of MVG's results have been included in our accompanying condensed consolidated financial statements for the years ended December 31, 2013 and 2012 as follows (in thousands):

	Years Ended December 31,
	2013			2012
Equity in losses of unconsolidated investments	$	(3,589	)	$	(610	)