Segment Information (Tables)

12 Months Ended

Dec. 31, 2011

Segment Information

Schedule of information with respect to the Company's segments

	Midwest(1)(2)			East/West(3)		Southern Plains			Other(4)			Total
	(in thousands)
Year ended December 31, 2011
Net revenues	$	826,436		$	1,290,732	$	590,709		$	34,380		$	2,742,257
Income (loss) from operations		211,356			263,423		137,580			(112,778	)		499,581
Depreciation and amortization		62,844			85,723		53,764			9,145			211,476
(Loss) gain from unconsolidated affiliates		—			—		(4,834	)		12,198			7,364
Capital expenditures		206,081			51,701		25,488			9,811			293,081
Year ended December 31, 2010
Net revenues		825,847			997,262		602,257			33,745			2,459,111
(Loss) income from operations		(39,514	)		181,175		125,318			(113,753	)		153,226
Depreciation and amortization		64,402			79,244		59,777			8,964			212,387
Loss from unconsolidated affiliates		—			—		(2,242	)		(23,732	)		(25,974	)
Impairment losses		220,236			—		—			4,473			224,709
Capital expenditures		198,282			118,398		41,215			5,060			362,955
Year ended December 31, 2009
Net revenues		806,866			896,941		632,543			32,925			2,369,275
(Loss) income from operations		(346,260	)		137,418		136,164			(121,920	)		(194,598	)
Depreciation and amortization		49,007			78,896		57,676			8,857			194,436
Loss from unconsolidated affiliates		—			—		(295	)		(826	)		(1,121	)
Impairment losses		532,377			—		—			—			532,377
Capital expenditures		195,648			59,566		31,451			2,886			289,551
Balance sheet at December 31, 2011
Total assets		1,897,164			1,265,438		1,034,506			409,238			4,606,346
Investment in and advances to unconsolidated affiliates		—			110		107,204			66,802			174,116
Goodwill and other intangible assets, net		925,822			226,234		394,018			55,878			1,601,952
Balance sheet at December 31, 2010
Total assets		1,730,760			1,279,200		997,748			455,171			4,462,879
Investment in and advances to unconsolidated affiliates		—			120		41,028			22,972			64,120
Goodwill and other intangible assets, net		923,414			226,450		394,018			57,026			1,600,908

(1)

As a result of decreased earning projections resulting from an anticipated increase in competition from the scheduled opening of a casino in the second half of 2011 in Des Plaines, Illinois, as well as continued challenging market conditions in the Chicagoland regional market, the Company recorded a pre-tax goodwill impairment charge during the year ended December 31, 2010 of $144.6 million ($144.6 million, net of taxes) at Hollywood Casino Aurora and $44.2 million ($28.4 million, net of taxes) at Hollywood Casino Joliet, respectively. In addition, in conjunction with the voters determining that the Company's casino in Columbus, Ohio will be located at the site of the former Delphi Automotive plant along Columbus's West Side, rather than the original site in the Arena District, the Company recorded a pre-tax impairment charge of $31.3 million ($20.1 million, net of taxes) during the year December 31, 2010 for the parcel of land that the Company purchased in Columbus's Arena District.

(2)

As a result of the anticipated impact of gaming expansion in Ohio, the Company recorded a pre-tax impairment charge of $520.5 million ($368.8 million, net of taxes) during the year ended December 31, 2009, as the Company determined that a portion of the value of the goodwill and indefinite-life intangible assets associated with the original purchase of Hollywood Casino Lawrenceburg was impaired. In addition, in conjunction with the opening of the new casino riverboat at Hollywood Casino Lawrenceburg, the Company recorded a pre-tax impairment charge for the replaced Lawrenceburg vessel of $11.9 million ($7.1 million, net of taxes) during the year ended December 31, 2009.

(3)

Net revenue and income from operations for the East/West segment increased by $293.5 million and $82.2 million, respectively, for the year ended December 31, 2011, as compared to the corresponding period in the prior year, primarily due to the acquisition of the M Resort on June 1, 2011, as well as the opening of Hollywood Casino Perryville on September 27, 2010. The East/West segment also experienced an increase in net revenue and income from operations for the years ended December 31, 2011 and 2010 from the introduction of table games in July 2010 at Hollywood Casino at Charles Town Races and Hollywood Casino at Penn National Race Course.

(4)

(Loss) gain from unconsolidated affiliates for Other for the year ended December 31, 2011 included a gain of $20.2 million on the sale of the Company's joint venture interest in the Maryland Jockey Club in July 2011, whereas results for the year ended December 31, 2010 included the Company's share of losses in the Maryland Jockey Club, which included a $14.4 million charge for the Company's share of a goodwill impairment write-down recorded by the Maryland Jockey Club during the fourth quarter of 2010 as a result of a negative outcome related to a zoning referendum.