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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Gaming $ 654,591 $ 651,284 $ 1,974,618 $ 1,861,539
Food, beverage, hotel and other 147,554 124,721 429,792 350,905
Management service and licensing fees 3,130 2,871 8,567 7,614
Reimbursable management costs 5,965   8,820  
Revenues 811,240 778,876 2,421,797 2,220,058
Less promotional allowances (45,643) (39,579) (130,327) (115,667)
Net revenues 765,597 739,297 2,291,470 2,104,391
Operating expenses        
Gaming 336,669 334,219 1,011,187 942,730
Food, beverage, hotel and other 102,110 89,151 302,062 249,883
General and administrative 114,376 107,614 340,854 342,771
Reimbursable management costs 5,965   8,820  
Depreciation and amortization 67,903 66,141 200,105 191,785
Insurance recoveries (726)   (726)  
Total operating expenses 626,297 597,125 1,862,302 1,727,169
Income from operations 139,300 142,172 429,168 377,222
Other income (expenses)        
Interest expense (114,349) (111,406) (345,548) (329,550)
Interest income 8,202 3,083 20,039 7,396
Income from unconsolidated affiliates 3,505 3,759 11,662 11,895
Other 404 2,672 (1,978) 4,805
Total other expenses (102,238) (101,892) (315,825) (305,454)
Income from operations before income taxes 37,062 40,280 113,343 71,768
Income tax (benefit) provision (9,473) 35,380 9,065 62,016
Net income $ 46,535 $ 4,900 $ 104,278 $ 9,752
Earnings per common share:        
Basic earnings per common share (in dollars per share) $ 0.52 $ 0.06 $ 1.16 $ 0.11
Diluted earnings per common share (in dollars per share) $ 0.51 $ 0.05 $ 1.14 $ 0.11