Investment In and Advances to Unconsolidated Affiliates

9 Months Ended

Sep. 30, 2018

Investment In and Advances to Unconsolidated Affiliates

Investment In Unconsolidated Affiliates

8. Investment in Unconsolidated Affiliates

The Company has a 50% investment in Kansas Entertainment, which is a joint venture with International Speedway Corporation. Kansas Entertainment owns Hollywood Casino at Kansas Speedway which is a Hollywood themed facility featuring 244,791 of property square footage with 1,988 slot machines, 41 table games and 12 poker tables, a 1,253 space parking structure, as well as a variety of dining and entertainment facilities.  For the year ended December 31, 2017, the Company’s investment in Kansas Entertainment met the requirements of S-X Rule 4-08(g) to provide summarized financial information.  The following table provides summary income statement information for Kansas Entertainment as required under S-X Rule 1-02(bb) for the comparative periods presented in the Company’s unaudited condensed consolidated statements of income.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Net revenues	$	39,789	$	38,295	$	119,280	$	116,065
Operating expenses		27,408		27,981		82,991		85,171
Income from operations		12,381		10,314		36,289		30,894
Net income	$	12,381	$	10,314	$	36,289	$	30,894
Net income attributable to Penn	$	6,191	$	5,157	$	18,145	$	15,447