Segment Information (Tables)

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The table below presents information about the reported segments for the three months ended March 31, 2015 and 2014 (in thousands):

	Three Months Ended March 31,
	2015			2014
Net revenues from external customers:
Big Fish Games	$	91,903		$	—
Casinos:
Calder Casino	20,379			20,583
Fair Grounds Slots	11,482			11,784
VSI	9,184			8,754
Harlow's Casino	13,680			14,451
Oxford Casino	17,503			17,519
Riverwalk Casino	13,187			13,295
Total Casinos	85,415			86,386
TwinSpires	45,315			46,084
Racing:
Churchill Downs	2,008			2,142
Arlington	5,812			6,122
Calder	674			8,024
Fair Grounds	15,944			14,291
Total Racing	24,438			30,579
Other Investments	3,605			3,837
Corporate	234			255
Net revenues from external customers	$	250,910		$	167,141
Intercompany net revenues:
TwinSpires	$	297		$	230
Racing:
Churchill Downs	233			228
Arlington	958			1,017
Calder	—			356
Fair Grounds	858			732
Total Racing	2,049			2,333
Other Investments	795			898
Eliminations	(3,141		)	(3,461		)
Net revenues	$	—		$	—
Reconciliation of segment Adjusted EBITDA to net loss:
Big Fish Games	$	20,026		$	—
Casinos	28,787			27,251
TwinSpires	11,190			9,950
Racing	(9,197		)	(10,250		)
Other Investments	(668		)	(1,353		)
Total segment Adjusted EBITDA	50,138			25,598
Corporate Adjusted EBITDA	(1,867		)	(1,106		)
Insurance recoveries, net of losses	—			431
Big Fish Games acquisition charges	(6,400		)	—
Big Fish Games changes in deferred revenue	(12,876		)	—
Share-based compensation	(2,723		)	(5,241		)
Pre-opening costs	—			(27		)
MVG interest expense, net	(554		)	(540		)
Other charges and recoveries	6,138			—
Depreciation and amortization	(27,407		)	(15,284		)
Interest (expense) income, net	(7,266		)	(4,969		)
Income tax benefit	1,259			438
Loss from continuing operations	(1,558		)	(700		)
Foreign currency translation, net of ($328) tax effected	(387		)	—
Comprehensive loss	$	(1,945	)	$	(700	)

Reconciliation of Assets from Segment to Consolidated

The table below presents equity in earnings of unconsolidated investments included in the Company’s reported segments for the three months ended March 31, 2015 and 2014 (in thousands):

	Three Months Ended March 31,
	2015		2014
Casinos	$	2,558	$	2,041
TwinSpires	—		220
Other Investments	390		29
	$	2,948	$	2,290

The table below presents total capital expenditures for the reported segments for the three months ended March 31, 2015 and 2014 (in thousands):

	Three Months Ended March 31,
	2015		2014
Capital expenditures:
Big Fish Games	$	1,163	$	—
Casinos	4,261		2,250
TwinSpires	943		1,592
Racing	3,264		14,037
Other Investments	153		2,290
	$	9,784	$	20,169

The table below presents total assets for the reported segments (in thousands):

	March 31, 2015		December 31, 2014
Total assets:
Big Fish Games	$	1,018,086	$	1,009,668
Casinos	616,201		621,240
TwinSpires	183,175		182,322
Racing	455,079		518,517
Other Investments	29,829		30,757
	$	2,302,370	$	2,362,504