XML 82 R71.htm IDEA: XBRL DOCUMENT v3.22.1
Segment Information (Details)
$ in Millions
3 Months Ended
Mar. 31, 2022
USD ($)
segment
Mar. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
Aug. 01, 2021
Segment Reporting Information [Line Items]        
Number of reportable segments | segment 5      
Revenues:        
Revenues $ 1,564.2 $ 1,274.9    
Adjusted EBITDAR:        
Adjusted EBITDAR 494.7 447.0    
Rent expense associated with triple net operating leases (60.1) (110.4)    
Stock-based compensation (17.0) (4.2)    
Cash-settled stock-based awards variance 2.9 (21.5)    
Gain on disposal of assets 0.1 0.1    
Contingent purchase price 0.1 (0.1)    
Pre-opening expenses (1.5) (1.6)    
Depreciation and amortization (118.2) (81.3)    
Insurance recoveries, net of deductible charges 8.8 0.0    
Non-operating items of equity method investments (1.8) (1.6)    
Interest expense, net (160.8) (135.7)    
Other (48.0) 20.8    
Income before income taxes 99.2 111.5    
Income tax expense (47.6) (20.6)    
Net income 51.6 90.9    
Capital expenditures:        
Capital expenditures 65.6 25.7    
Assets:        
Investment in and advances to unconsolidated affiliates 256.2   $ 255.1  
Total assets 18,071.1   16,872.1  
Sam Houston Race Park and Valley Race Park        
Adjusted EBITDAR:        
Business acquisition, percentage of voting interests acquired       50.00%
Operating segments | Northeast        
Revenues:        
Revenues 658.5 570.9    
Adjusted EBITDAR:        
Adjusted EBITDAR 205.2 193.2    
Capital expenditures:        
Capital expenditures 30.6 15.4    
Assets:        
Investment in and advances to unconsolidated affiliates 0.1   0.1  
Total assets 2,249.7   2,283.6  
Operating segments | South        
Revenues:        
Revenues 341.4 295.9    
Adjusted EBITDAR:        
Adjusted EBITDAR 146.5 133.9    
Capital expenditures:        
Capital expenditures 19.7 1.8    
Assets:        
Investment in and advances to unconsolidated affiliates 0.0   0.0  
Total assets 1,163.1   1,224.6  
Operating segments | West        
Revenues:        
Revenues 140.9 96.6    
Adjusted EBITDAR:        
Adjusted EBITDAR 51.2 35.2    
Capital expenditures:        
Capital expenditures 1.8 3.2    
Assets:        
Investment in and advances to unconsolidated affiliates 0.0   0.0  
Total assets 382.6   394.8  
Operating segments | Midwest        
Revenues:        
Revenues 282.9 234.7    
Adjusted EBITDAR:        
Adjusted EBITDAR 125.5 106.0    
Capital expenditures:        
Capital expenditures 1.1 0.8    
Assets:        
Investment in and advances to unconsolidated affiliates 83.4   83.8  
Total assets 1,401.9   1,215.8  
Operating segments | Interactive        
Revenues:        
Revenues 141.5 86.3    
Adjusted EBITDAR:        
Adjusted EBITDAR (10.0) 1.3    
Capital expenditures:        
Capital expenditures 6.8 1.9    
Assets:        
Investment in and advances to unconsolidated affiliates 166.0   164.4  
Total assets 2,567.6   2,618.3  
Other        
Revenues:        
Revenues 7.3 1.6    
Adjusted EBITDAR:        
Adjusted EBITDAR (23.7) (22.6)    
Capital expenditures:        
Capital expenditures 5.6 2.6    
Assets:        
Investment in and advances to unconsolidated affiliates 6.7   6.8  
Total assets 10,306.2   $ 9,135.0  
Intersegment eliminations        
Revenues:        
Revenues $ (8.3) $ (11.1)