INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES

The Company owns a 50% interest in MVG, which has a harness racetrack and video lottery terminal ("VLT") gaming facility in Lebanon, Ohio, and also has equity investments in two other entities, which are not material.

Delaware North Companies Gaming & Entertainment Inc. ("DNC") owns the remaining 50% interest in MVG. Since both we and DNC have participating rights over MVG, and both must consent to MVG's operating, investing and financing decisions, we account for MVG using the equity method.

The joint venture's long-term debt consists of an $8.0 million secured note payable. Principal payments are due quarterly over 6 years through November 2019 at a 5.0% interest rate. We received distributions from MVG of $18.8 million in 2018, $17.0 million in 2017, and $15.0 million in 2016.

As further discussed in Note 3, Acquisitions, on August 31, 2018, the Company closed the acquisition of the remaining 50% ownership of Ocean Downs owned by SCH in exchange for liquidating the Company's 25% equity interest in SCH, which is the parent company of Saratoga New York and Saratoga Colorado. Upon the closing of the Ocean Downs/Saratoga Transaction, the Company owns 100% of Ocean Downs and has no equity interest or management involvement in Saratoga New York or Saratoga Colorado. Prior to August 31, 2018, Ocean Downs was accounted for under the equity method.

Summarized below is financial information for our equity investments:



	December 31,
(in millions)	2018		2017
Assets
Current assets	$	24.0	$	64.5
Property and equipment, net	95.7		234.6
Other assets, net	106.7		236.5
Total assets	$	226.4	$	535.6

Liabilities and Members' Equity
Current liabilities	$	21.2	$	100.3
Long-term debt	—		110.1
Other liabilities	—		0.1
Members' equity	205.2		325.1
Total liabilities and members' equity	$	226.4	$	535.6



	Years Ended December 31,
(in millions)	2018			2017			2016
Net revenue	$	367.2		$	443.7		$	347.4
Operating and SG&A expense	271.9			345.3			274.1
Depreciation and amortization	22.2			25.9			18.5
Operating income	73.1			72.5			54.8
Interest and other expense, net	(6.3		)	(8.5		)	(6.9		)
Net income	$	66.8		$	64.0		$	47.9

Our accompanying consolidated statements of comprehensive income include our 50% share of MVG's net income as follows:



	Years Ended December 31,
(in millions)	2018		2017		2016
Equity in income of unconsolidated investments	$	19.9	$	16.7	$	14.2