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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2019
Business Combinations [Abstract]  
Summary of Assets Acquired and Liabilities Assumed The following table summarizes the fair values of the assets acquired and liabilities assumed, net of cash acquired of $8.4 million, at the date of the acquisition.
(in millions)Total
Current assets$2.1  
Property and equipment78.5  
Goodwill25.8  
Intangible assets71.2  
Current liabilities(4.9) 
Non-current liabilities(0.6) 
$172.1  
Schedule of Indefinite-lived Intangible Assets Acquired as Part of Business Combination
The fair value of the intangible assets consists of the following:
(in millions)Fair Value RecognizedWeighted-Average Useful Life
Gaming rights$56.0  N/A
Trademark15.2  N/A
Total intangible assets$71.2  
Presque Isle Downs & Casino [Member]  
Business Acquisition [Line Items]  
Business Acquisition, Pro Forma Information
The following unaudited pro forma consolidated financial information for the Company has been prepared assuming the Company's acquisition of Presque Isle occurred as of January 1, 2018. The unaudited pro forma financial information is not necessarily indicative of either future results of operations or results of operations that might have been achieved had the acquisition been consummated as of January 1, 2018. The unaudited pro forma net income giving effect to the Presque Isle Transaction was not materially different than our historical net income.
Three Months Ended September 30,Nine Months Ended
September 30,
(in millions)201820192018
Net revenue$259.0  $1,052.3  $897.7  
Ocean Downs LLC  
Business Acquisition [Line Items]  
Business Acquisition, Pro Forma Information
The following unaudited pro forma consolidated financial information for the Company has been prepared assuming the Company's acquisition of the remaining 50% interest in Ocean Downs occurred as of January 1, 2018. The unaudited pro forma financial information is not necessarily indicative of either future results of operations or results of operations that might have been achieved had the acquisition been consummated as of January 1, 2018. The unaudited pro forma net income giving effect to the Ocean Downs/Saratoga Transaction was not materially different than our historical net income.
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)20182018
Net revenue$239.9  $845.7