Investment in and Advances to Unconsolidated Affiliates (Notes)

3 Months Ended

Mar. 31, 2018

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

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

The Company's equity investments include the following:

• 50% joint venture ownership in Miami Valley Gaming ("MVG") in Lebanon, Ohio;

• 25% equity investment in Saratoga Casino Holdings LLC ("SCH"), which owns Saratoga Casino and Raceway in Saratoga Springs, New York and Saratoga Casino Black Hawk in Black Hawk, Colorado; and

• 50% equity investment in Ocean Downs LLC and Services Racing LLC ("Ocean Downs") located near Ocean City, Maryland. SCH owns the remaining 50% of Ocean Downs, providing the Company an effective 62.5% interest.

Summarized below are the financial results for our unconsolidated affiliates:

	Three Months Ended March 31,
(in millions)	2018			2017
Net revenue	$	77.0		$	72.2
Operating and SG&A expense	53.6			49.8
Depreciation and amortization	6.6			5.7
Total operating expense	60.2			55.5
Operating income	16.8			16.7
Interest and other expense, net	(2.9		)	(3.5		)
Net income	$	13.9		$	13.2

(in millions)	March 31, 2018		December 31, 2017
Assets
Current assets	$	74.5	$	64.5
Property and equipment, net	233.9		234.6
Other assets, net	237.1		236.5
Total assets	$	545.5	$	535.6
Liabilities and Members' Equity
Current liabilities	$	101.2	$	100.3
Long-term debt	114.7		110.1
Other liabilities	—		0.1
Members' equity	329.6		325.1
Total liabilities and members' equity	$	545.5	$	535.6