Segment Information (Tables)

9 Months Ended

Sep. 30, 2011

Segment Information

Schedule of information with respect to the Company's segments

	Midwest (1)		East/West (2)		Southern Plains			Other (3)			Total
	(in thousands)
Three months ended September 30, 2011
Net revenues	$	205,333	$	350,278	$	148,722		$	6,572		$	710,905
Income (loss) from operations	49,167		72,276		36,604			(27,712		)	130,335
Depreciation and amortization	15,731		21,556		12,735			2,173			52,195
(Loss) gain from unconsolidated affiliates	—		—		(1,973		)	19,266			17,293
Capital expenditures	70,490		15,056		5,875			4,838			96,259
Three months ended September 30, 2010
Net revenues	208,080		273,147		149,346			7,683			638,256
Income (loss) from operations	51,550		55,262		30,799			(27,149		)	110,462
Depreciation and amortization	16,854		19,482		15,136			2,370			53,842
Loss from unconsolidated affiliates	—		—		(292		)	(3,633		)	(3,925		)
Impairment losses	816		—		—			—			816
Capital expenditures	32,692		30,608		10,009			988			74,297
Nine months ended September 30, 2011
Net revenues	633,547		957,275		450,322			24,663			2,065,807
Income (loss) from operations	171,651		201,500		105,397			(84,886		)	393,662
Depreciation and amortization	46,983		63,238		42,240			7,122			159,583
(Loss) gain from unconsolidated affiliates	—		—		(3,098		)	18,468			15,370
Capital expenditures	138,228		40,511		17,929			6,841			203,509
Nine months ended September 30, 2010
Net revenues	629,584		718,766		456,651			23,889			1,828,890
Income (loss) from operations	105,035		128,931		97,707			(77,149		)	254,524
Depreciation and amortization	48,336		58,001		44,729			6,609			157,675
Loss from unconsolidated affiliates	—		—		(1,929		)	(3,833		)	(5,762		)
Impairment losses	31,542		—		—			—			31,542
Capital expenditures	154,625		95,684		31,775			3,200			285,284
Balance sheet at September 30, 2011
Total assets	1,813,657		1,261,723		1,009,894			398,987			4,484,261
Investment in and advances to unconsolidated affiliates	—		110		84,740			68,912			153,762
Goodwill and other intangible assets, net	926,460		226,456		394,018			55,891			1,602,825
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)Income from operations for the Midwest segment increased by $66.6 million for the nine months ended September 30, 2011, as compared to the nine months ended September 30, 2010, primarily related to a pre-tax insurance gain of $18.5 million for the fire at Hollywood Casino Joliet for the nine months ended September 30, 2011, and the pre-tax impairment charge of $31.3 million that the Company recorded for the parcel of land that it purchased in Columbus’s Arena District in the nine months ended September 30, 2010.

(2)Net revenue for the East/West segment increased by $77.1 million and $238.5 million for the three and nine months ended September 30, 2011, respectively, as compared to the three and nine months ended September 30, 2010. Income from operations for the East/West segment increased by $17.0 million and $72.6 million for the three and nine months ended September 30, 2011, respectively, as compared to the three and nine months ended September 30, 2010. These increases were primarily related to the acquisition of the M Resort on June 1, 2011, as well as the opening of Hollywood Casino Perryville on September 27, 2010. Finally, the East/West segment experienced an increase in net revenue and income from operations at Hollywood Casino at Charles Town Races primarily due to the continued impact from the introduction of table games in July 2010.

(3)Results for the three and nine months ended September 30, 2011 included a gain of $20.2 million on the sale of the Company’s joint venture interest in the Maryland Jockey Club.