Subsequent Event (Notes)

6 Months Ended

Jun. 30, 2018

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Refer to Note 6, Acquisitions, for the subsequent event related to the Presque Isle Transaction, the Lady Luck Vicksburg Transaction and the Lady Luck Nemacolin Transaction.

On July 16, 2018, the Company announced its entry into a tax-efficient partial liquidation agreement (the "Liquidation Agreement") to acquire the remaining 50% ownership of Ocean Downs owned by SCH in exchange for the Company's 25% equity interest in SCH, which is the parent company of Saratoga New York and Saratoga Colorado. Since the Company indirectly owned 12.5% of Ocean Downs through its 25% ownership interest in SCH, the Company is effectively acquiring the remaining 37.5% of Ocean Downs. Upon the closing of this transaction, which is subject to the satisfaction or waiver of specified closing conditions, including the approval of all applicable gaming authorities, the Company will own 100% of Ocean Downs and will have no equity interest or management involvement in Saratoga New York or Saratoga Colorado. The transaction is expected to close in the second half of 2018.

Saratoga Harness Racing, Inc. ("SHRI") has agreed to grant the Company and its affiliates exclusive rights to operate online real-money sports betting and real-money iGaming on behalf of SHRI in New York and Colorado for a period of fifteen years from the date of the Liquidation Agreement, should such states permit SHRI to engage in sports betting and iGaming, subject to payment of commercially reasonable royalties to SHRI.