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Segment Information (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2016
 
2015
 
2016
 
2015
Net revenue from external customers:
 
 
 
 
 
 
 
Racing:
 
 
 
 
 
 
 
Churchill Downs
$
8.7

 
$
7.9

 
$
140.1

 
$
136.7

Arlington
24.0

 
25.0

 
49.8

 
48.9

Fair Grounds
5.1

 
5.3

 
28.9

 
30.4

Calder
0.7

 
0.6

 
2.0

 
2.0

Total Racing
38.5

 
38.8

 
220.8

 
218.0

Casinos:
 
 
 
 
 
 
 
Oxford Casino
24.4

 
22.3

 
65.4

 
60.8

Riverwalk Casino
10.6

 
12.0

 
35.7

 
37.7

Harlow’s Casino
11.7

 
11.8

 
36.6

 
37.5

Calder Casino
19.0

 
18.5

 
59.8

 
58.7

Fair Grounds Slots
8.5

 
8.8

 
27.9

 
29.9

VSI
8.6

 
9.0

 
27.9

 
27.6

Saratoga
0.2

 
0.3

 
0.6

 
0.3

Total Casinos
83.0

 
82.7

 
253.9

 
252.5

TwinSpires
54.7

 
50.4

 
172.3

 
156.5

Big Fish Games:
 
 
 
 
 
 
 
Social casino
44.3

 
47.4

 
138.3

 
145.4

Casual and mid-core free-to-play
56.1

 
32.6

 
162.5

 
86.5

Premium
23.7

 
27.3

 
75.0

 
85.6

Fair value adjustments
(1.8
)
 
(3.7
)
 
(6.2
)
 
(17.5
)
Total Big Fish Games
122.3

 
103.6

 
369.6

 
300.0

Other Investments
4.5

 
4.0

 
12.9

 
12.1

Corporate
0.4

 
0.3

 
0.8

 
0.8

Net revenue from external customers
$
303.4

 
$
279.8

 
$
1,030.3

 
$
939.9


 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2016
 
2015
 
2016
 
2015
Intercompany net revenue:
 
 
 
 
 
 
 
Racing:
 
 
 
 
 
 
 
Churchill Downs
$
0.9

 
$
0.7

 
$
8.2

 
$
6.3

Arlington
1.9

 
1.7

 
4.5

 
4.1

Fair Grounds

 

 
1.0

 
0.9

Total Racing
2.8

 
2.4

 
13.7

 
11.3

TwinSpires
0.4

 
0.3

 
1.0

 
0.8

Other Investments
0.7

 
0.8

 
3.0

 
2.7

Eliminations
(3.9
)
 
(3.5
)
 
(17.7
)
 
(14.8
)
Intercompany net revenue
$

 
$

 
$

 
$

Schedule of Segment Reporting Information, by Segment [Table Text Block]
Adjusted EBITDA by segment is comprised of the following:
 
Three Months Ended September 30, 2016
(in millions)
Racing
 
Casinos
 
TwinSpires
 
Big Fish
Games
 
Other Investments
 
Corporate
Net revenue
$
41.3

 
$
83.0

 
$
55.1

 
$
122.3

 
$
5.2

 
$
0.4

 
 
 
 
 
 
 
 
 
 
 
 
Taxes & purses
(11.2
)
 
(28.1
)
 
(4.0
)
 

 

 

Platform & development fees

 

 

 
(45.2
)
 

 

Marketing & advertising
(1.1
)
 
(3.0
)
 
(1.0
)
 
(26.3
)
 

 

Salaries & benefits
(10.3
)
 
(13.4
)
 
(2.3
)
 
(6.2
)
 
(2.7
)
 

Content expense
(3.9
)
 

 
(26.0
)
 

 

 

SG&A expense
(4.0
)
 
(5.4
)
 
(3.0
)
 
(4.4
)
 
(0.9
)
 
(2.2
)
Research & development

 

 

 
(8.8
)
 

 

Other operating expense
(10.5
)
 
(10.0
)
 
(4.5
)
 
(3.9
)
 
(0.9
)
 
(0.2
)
Other income (expense)
0.1

 
7.3

 

 
(0.3
)
 
0.1

 

Change in deferred revenue(1)
n/a

 
n/a

 
n/a

 
(3.8
)
 
n/a

 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
Total segment Adjusted EBITDA
$
0.4

 
$
30.4

 
$
14.3

 
$
23.4

 
$
0.8

 
$
(2.0
)

 
Three Months Ended September 30, 2015
(in millions)
Racing
 
Casinos
 
TwinSpires
 
Big Fish
Games
 
Other Investments
 
Corporate
Net revenue
$
41.2

 
$
82.7

 
$
50.7

 
$
103.6

 
$
4.8

 
$
0.3

 
 
 
 
 
 
 
 
 
 
 
 
Taxes & purses
(11.2
)
 
(27.5
)
 
(3.6
)
 

 

 

Platform & development fees

 

 

 
(36.1
)
 

 

Marketing & advertising
(1.1
)
 
(3.2
)
 
(0.7
)
 
(21.9
)
 

 

Salaries & benefits
(9.5
)
 
(12.8
)
 
(2.6
)
 
(5.4
)
 
(2.8
)
 

Content expense
(3.6
)
 

 
(23.6
)
 

 

 

SG&A expense
(4.3
)
 
(6.9
)
 
(3.1
)
 
(3.8
)
 
(0.7
)
 
(1.7
)
Research & development

 

 

 
(9.9
)
 

 

Other operating expense
(11.4
)
 
(10.0
)
 
(4.2
)
 
(3.9
)
 
(0.8
)
 
(0.2
)
Other income (expense)
0.2

 
4.4

 
0.2

 
(0.3
)
 

 

Change in deferred revenue(1)
n/a

 
n/a

 
n/a

 
10.9

 
n/a

 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
Total segment Adjusted EBITDA
$
0.3


$
26.7

 
$
13.1

 
$
33.2

 
$
0.5


$
(1.6
)
 
 
 
 
 
 
 
 
 
 
 
 
(1) Change in deferred revenue is included in Adjusted EBITDA only for Big Fish Games.

 
Nine Months Ended September 30, 2016
(in millions)
Racing
 
Casinos
 
TwinSpires
 
Big Fish
Games
 
Other Investments
 
Corporate
Net revenue
$
234.5

 
$
253.9

 
$
173.3

 
$
369.6

 
$
15.9

 
$
0.8

 
 
 
 
 
 
 
 
 
 
 
 
Taxes & purses
(52.7
)
 
(84.6
)
 
(8.8
)
 

 

 

Platform & development fees

 

 

 
(135.2
)
 

 

Marketing & advertising
(3.8
)
 
(9.5
)
 
(5.2
)
 
(106.2
)
 

 

Salaries & benefits
(31.4
)
 
(38.2
)
 
(6.9
)
 
(18.4
)
 
(8.2
)
 

Content expense
(12.0
)
 

 
(83.4
)
 

 

 

SG&A expense
(11.9
)
 
(15.8
)
 
(8.6
)
 
(13.6
)
 
(2.5
)
 
(6.2
)
Research & development

 

 

 
(29.3
)
 

 

Other operating expense
(38.8
)
 
(29.4
)
 
(15.6
)
 
(11.8
)
 
(2.6
)
 
(0.5
)
Other income (expense)
0.4

 
21.6

 

 
(1.2
)
 
0.3

 

Change in deferred revenue(1)
n/a

 
n/a

 
n/a

 
5.0

 
n/a

 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
Total segment Adjusted EBITDA
$
84.3

 
$
98.0

 
$
44.8

 
$
58.9

 
$
2.9

 
$
(5.9
)

 
Nine Months Ended September 30, 2015
(in millions)
Racing
 
Casinos
 
TwinSpires
 
Big Fish
Games
 
Other Investments
 
Corporate
Net revenue
$
229.3

 
$
252.5

 
$
157.3

 
$
300.0

 
$
14.8

 
$
0.8

 
 
 
 
 
 
 
 
 
 
 
 
Taxes & purses
(52.3
)
 
(83.4
)
 
(8.2
)
 

 

 

Platform & development fees

 

 

 
(103.0
)
 

 

Marketing & advertising
(5.4
)
 
(9.4
)
 
(3.7
)
 
(76.7
)
 

 

Salaries & benefits
(30.3
)
 
(38.2
)
 
(7.5
)
 
(16.5
)
 
(8.3
)
 

Content expense
(11.3
)
 

 
(75.9
)
 

 

 

SG&A expense
(13.0
)
 
(17.9
)
 
(8.6
)
 
(12.6
)
 
(1.8
)
 
(4.5
)
Research & development

 

 

 
(30.0
)
 

 

Other operating expense
(41.2
)
 
(31.3
)
 
(14.1
)
 
(10.9
)
 
(2.4
)
 
(1.5
)
Other income (expense)
0.5

 
14.3

 

 
(0.8
)
 
0.1

 

Change in deferred revenue(1)
n/a

 
n/a

 
n/a

 
32.0

 
n/a

 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
Total segment Adjusted EBITDA
$
76.3

 
$
86.6

 
$
39.3

 
$
81.5

 
$
2.4

 
$
(5.2
)
 
 
 
 
 
 
 
 
 
 
 
 
(1) Change in deferred revenue is included in Adjusted EBITDA only for Big Fish Games.

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2016
 
2015
 
2016
 
2015
Reconciliation of segment Adjusted EBITDA to comprehensive income:
 
 
 
 
 
 
 
Racing
$
0.4

 
$
0.3

 
$
84.3

 
$
76.3

Casinos
30.4

 
26.7

 
98.0

 
86.6

TwinSpires
14.3

 
13.1

 
44.8

 
39.3

Big Fish Games
23.4

 
33.2

 
58.9

 
81.5

Other Investments
0.8

 
0.5

 
2.9

 
2.4

Corporate
(2.0
)
 
(1.6
)
 
(5.9
)
 
(5.2
)
Total segment Adjusted EBITDA
67.3

 
72.2

 
283.0

 
280.9

Change in Big Fish Games deferred revenue
3.8

 
(10.9
)
 
(5.0
)
 
(32.0
)
Selling, general and administrative:
 
 
 
 
 
 
 
Stock-based compensation expense
(4.9
)
 
(4.5
)
 
(14.3
)
 
(10.6
)
Other charges
(3.1
)
 

 
(3.4
)
 

Other income, expense:
 
 
 
 
 
 
 
Equity investments - interest, depreciation and amortization expense
(2.5
)
 
(2.2
)
 
(7.5
)
 
(6.4
)
Other (charges) and recoveries, net

 
(0.1
)
 
(0.4
)
 
6.0

Big Fish Games acquisition expense
(1.1
)
 
(2.8
)
 
(4.9
)
 
(17.4
)
Calder exit costs
(0.5
)
 
(12.7
)
 
(2.4
)
 
(13.5
)
Depreciation and amortization
(27.5
)
 
(27.4
)
 
(81.4
)
 
(82.1
)
Interest (expense) income, net
(11.1
)
 
(6.7
)
 
(32.8
)
 
(21.1
)
Income before income tax provision
20.4

 
4.9

 
130.9

 
103.8

Income tax provision
(11.7
)
 
(0.7
)
 
(49.6
)
 
(46.1
)
Net income
8.7

 
4.2

 
81.3

 
57.7

Foreign currency translation, net of tax

 

 
0.2

 
(0.4
)
Comprehensive income
$
8.7

 
$
4.2

 
$
81.5

 
$
57.3

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2016
 
2015
 
2016
 
2015
Casinos
$
4.8

 
$
2.3

 
$
13.6

 
$
7.7

Other Investments
0.1

 

 
(0.1
)
 
0.5

 
$
4.9

 
$
2.3

 
$
13.5

 
$
8.2

Reconciliation of Assets from Segment to Consolidated
 
Nine Months Ended September 30,
(in millions)
2016
 
2015
Capital expenditures:
 
 
 
Racing
$
23.4

 
$
8.3

Casinos
9.7

 
15.4

TwinSpires
5.4

 
3.1

Big Fish Games
3.6

 
3.0

Other Investments
0.8

 
0.4

Corporate
1.2

 
0.6

 
$
44.1

 
$
30.8

(in millions)
September 30, 2016
 
December 31, 2015
Total assets:
 
 
 
Racing
$
424.4

 
$
437.1

Casinos
621.8

 
631.3

TwinSpires
208.1

 
202.4

Big Fish Games
923.0

 
947.1

Other Investments
10.9

 
12.2

Corporate
36.5

 
47.3

 
$
2,224.7

 
$
2,277.4