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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2012
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following table highlights our Revenues and Adjusted EBITDA for each segment and reconciles Consolidated Adjusted EBITDA to Income (loss) from continuing operations for the years ended December 31, 2012, 2011 and 2010. Prior year amounts have been updated for discontinued operations.
 
For the year ended December 31,
 
2012
 
2011
 
2010
 
(in millions)
Revenues:
 
 
 
 
 
L’Auberge Lake Charles
$
383.9

 
$
375.4

 
$
342.0

St. Louis (a)
393.5

 
382.0

 
337.1

Boomtown New Orleans
122.1

 
133.6

 
139.1

Belterra Casino Resort
156.3

 
154.8

 
152.1

Boomtown Bossier City
81.0

 
85.0

 
87.9

L'Auberge Baton Rouge
47.9

 
—

 
—

River Downs
11.7

 
10.3

 
—

Other
0.7

 
0.1

 
0.4

Total Revenue
$
1,197.1

 
$
1,141.2

 
$
1,058.6

Adjusted EBITDA: (b)
 
 
 
 
 
L’Auberge Lake Charles
$
115.5

 
$
103.9

 
$
92.9

St. Louis (a)
98.7

 
86.5

 
62.3

Boomtown New Orleans
38.0

 
44.9

 
43.9

Belterra Casino Resort
32.0

 
28.6

 
30.0

Boomtown Bossier City
18.3

 
18.8

 
20.2

L'Auberge Baton Rouge
4.9

 
—

 
—

River Downs
(1.6
)
 
(2.2
)
 
—

Other
(0.3
)
 
—

 
—

 
305.5

 
280.5

 
249.3

Corporate expenses (c)
(20.4
)
 
(28.4
)
 
(35.7
)
 Consolidated Adjusted EBITDA (b)
$
285.1

 
$
252.1

 
$
213.6

 
 
 
 
 
 
Other income (expense):
 
 
 
 
 
Depreciation and amortization
(115.7
)
 
(103.9
)
 
(109.7
)
Pre-opening and development costs
(21.6
)
 
(8.8
)
 
(13.6
)
Non-cash share-based compensation
(8.7
)
 
(6.6
)
 
(6.1
)
Impairment of indefinite-lived intangible assets
—

 
—

 
(11.5
)
Impairment of development costs
—

 
—

 
(23.7
)
Write-downs, reserves and recoveries, net
(11.8
)
 
(4.2
)
 
3.3

Net interest expense, net of capitalized interest
(93.7
)
 
(95.3
)
 
(102.9
)
Loss from equity method investment
(30.8
)
 
(0.6
)
 
—

Loss on early extinguishment of debt
(20.7
)
 
(0.2
)
 
(1.9
)
Income tax benefit (expense)
(4.7
)
 
(2.3
)
 
11.7

Income (loss) from continuing operations
$
(22.6
)
 
$
30.2

 
$
(40.8
)
 
 
 
 
 
 
Capital expenditures
 
 
 
 
 
L'Auberge Lake Charles
$
16.5

 
$
20.0

 
$
10.7

St. Louis (a)
40.3

 
13.8

 
77.9

Boomtown New Orleans
5.5

 
4.9

 
3.4

Belterra Casino Resort
3.6

 
3.2

 
8.6

Boomtown Bossier City
3.3

 
2.9

 
3.5

L’Auberge Baton Rouge
223.7

 
96.9

 
32.0

River Downs
2.1

 
0.1

 
—

Corporate and other
4.5

 
11.7

 
21.4

 
$
299.5

 
$
153.5

 
$
157.5


 
December 31,
 
2012
 
2011
 
(in millions)
Assets:
 
 
 
L’Auberge Lake Charles
$
319.6

 
$
317.3

St. Louis (a)
748.0

 
752.0

Boomtown New Orleans
73.8

 
62.4

Belterra Casino Resort
173.0

 
180.0

Boomtown Bossier City
83.2

 
86.1

L'Auberge Baton Rouge
404.0

 
208.5

River Downs
42.7

 
45.5

Corporate and other
264.7

 
298.8

 
$
2,109.0

 
$
1,950.6

(a)
Our St. Louis segment consists of Lumière Place (which includes the Lumière Place Casino, the Pinnacle-owned Four Seasons Hotel St. Louis and HoteLumière) and River City.
(b)
We define Consolidated Adjusted EBITDA as earnings before depreciation, amortization, pre-opening and development expenses, non-cash share-based compensation, asset impairment costs, write-downs, reserves, recoveries, gain (loss) on sale of certain assets, interest income and expense, income (loss) from equity method investments, loss on early extinguishment of debt, loss on sale of discontinued operations, discontinued operations and income taxes. We define Adjusted EBITDA for each segment as earnings before depreciation, amortization, pre-opening and development expenses, non-cash share-based compensation, asset impairment costs, write-downs, reserves, recoveries, gain (loss) on sale of certain assets, interest income and expense and income taxes. We use Consolidated Adjusted EBITDA and Adjusted EBITDA for each segment to compare operating results among our properties and between accounting periods. Consolidated Adjusted EBITDA and Adjusted EBITDA are useful measures because they are used by management as a performance measure to analyze the performance of our business, and is especially relevant in evaluating large, long-lived casino-hotel projects because it provides a perspective on the current effects of operating decisions separated from the substantial non-operational depreciation charges and financing costs of such projects. We eliminate the results from discontinued operations as they are discontinued. We also review pre-opening and development expenses separately; as such expenses are also included in total project costs when assessing budgets and project returns, and because such costs relate to anticipated future revenues and income. We believe that Consolidated Adjusted EBITDA and Adjusted EBITDA are useful measures for investors because it is an indicator of the strength and performance of ongoing business operations, including our ability to service debt and fund capital expenditures, acquisitions and operations. These calculations are commonly used as a basis for investors, analysts and credit rating agencies to evaluate and compare operating performance and value of companies within our industry. In addition, our credit agreement and bond indentures require compliance with financial measures similar to Consolidated Adjusted EBITDA. Consolidated Adjusted EBITDA should not be considered as an alternative to operating income as an indicator of performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure provided in accordance with GAAP. Our calculation of Consolidated Adjusted EBITDA may be different from the calculation methods used by other companies and, therefore, comparability may be limited.
(c)
Corporate expenses represent unallocated payroll, professional fees, travel expenses and other general and administrative expenses not directly related to our casino and hotel operations.