Caesars Entertainment (CZR) 10-Q 7 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 03, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	Eldorado Resorts, Inc.
Entity Central Index Key	1,590,895
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		77,337,667
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Trading Symbol	ERI

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
CURRENT ASSETS:
Cash and cash equivalents	$ 202,016	$ 134,596
Restricted cash	4,683	3,267
Marketable securities	17,066	17,631
Accounts receivable, net	34,808	45,797
Due from affiliates	125	243
Inventories	14,847	16,870
Prepaid income taxes	187	4,805
Prepaid expenses and other	30,469	27,823
Assets held for sale	201,202
Total current assets	505,403	251,032
Property and equipment, net	1,400,088	1,502,817
Gaming licenses and other intangibles, net	915,936	996,816
Goodwill	719,254	747,106
Non-operating real property	14,030	18,069
Other assets, net	45,035	30,632
Total assets	3,599,746	3,546,472
CURRENT LIABILITIES:
Current portion of long-term debt	486	615
Accounts payable	28,949	34,778
Due to affiliates	20
Accrued property, gaming and other taxes	35,133	43,212
Accrued payroll and related	50,936	53,330
Accrued interest	26,788	25,607
Income taxes payable	222	171
Accrued other liabilities	69,341	66,037
Liabilities related to assets held for sale	5,817
Total current liabilities	217,692	223,750
Long-term debt, less current portion	2,190,749	2,189,578
Deferred income taxes	176,607	162,967
Other long-term liabilities	17,975	28,579
Total liabilities	2,603,023	2,604,874
Commitments and contingencies (Note 11)
STOCKHOLDERS' EQUITY:
Common stock, 200,000,000 and 100,000,000 shares authorized, 77,326,124 and 76,825,966 issued and outstanding, par value $0.00001 as of June 30, 2018 and December 31, 2017, respectively	1
Paid-in capital	744,020	746,547
Retained earnings	252,623	194,972
Accumulated other comprehensive income	79	79
Total stockholders’ equity	996,723	941,598
Total liabilities and stockholders’ equity	$ 3,599,746	$ 3,546,472

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2018	Dec. 31, 2017
Statement Of Financial Position [Abstract]
Common stock, shares authorized	200,000,000	100,000,000
Common stock, shares issued	77,326,124	76,825,966
Common stock, shares outstanding	77,326,124	76,825,966
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
REVENUES:
Net revenues	$ 456,802	$ 375,626	$ 896,994	$ 578,019
EXPENSES:
Other	8,310	6,901	15,715	13,070
Marketing and promotions	21,832	21,531	43,133	31,660
General and administrative	73,745	60,887	147,947	92,687
Corporate	12,232	7,442	23,801	14,016
Impairment charges			9,815
Depreciation and amortization	31,910	24,909	63,444	40,513
Total operating expenses	376,439	320,480	759,098	507,041
Gain (loss) on sale or disposal of property and equipment	423	(89)	(283)	(57)
Transaction expenses	(3,404)	(85,464)	(5,952)	(87,078)
Equity in income (loss) of unconsolidated affiliates	32	(60)	(53)	(282)
Operating income (loss)	77,414	(30,467)	131,608	(16,439)
OTHER INCOME (EXPENSE):
Interest expense, net	(31,405)	(27,527)	(62,494)	(40,197)
Loss on early retirement of debt, net		(27,317)	(162)	(27,317)
Total other expense	(31,405)	(54,844)	(62,656)	(67,514)
Net income (loss) before income taxes	46,009	(85,311)	68,952	(83,953)
(Provision) benefit for income taxes	(9,213)	39,121	(11,301)	38,708
Net income (loss)	$ 36,796	$ (46,190)	$ 57,651	$ (45,245)
Net income (loss) per share of common stock:
Basic	$ 0.48	$ (0.68)	$ 0.74	$ (0.79)
Diluted	$ 0.47	$ (0.68)	$ 0.74	$ (0.79)
Weighted average number of shares outstanding:
Weighted average basic shares outstanding	77,458,584	67,453,095	77,406,447	57,405,834
Weighted average diluted shares outstanding	78,258,629	67,453,095	78,169,629	57,405,834
Casino
REVENUES:
Net revenues	$ 343,675	$ 275,593	$ 683,133	$ 417,147
EXPENSES:
Cost of goods and services	165,353	139,707	331,203	219,688
Pari-mutuel Commissions
REVENUES:
Net revenues	5,045	4,112	9,115	4,748
EXPENSES:
Cost of goods and services	4,592	4,030	8,293	5,237
Food and Beverage
REVENUES:
Net revenues	54,293	49,709	106,491	82,130
EXPENSES:
Cost of goods and services	44,770	42,803	89,546	68,821
Hotel
REVENUES:
Net revenues	38,926	34,278	69,667	53,583
EXPENSES:
Cost of goods and services	13,695	12,270	26,201	21,349
Other
REVENUES:
Net revenues	$ 14,863	$ 11,934	$ 28,588	$ 20,411

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 36,796	$ (46,190)	$ 57,651	$ (45,245)
Other comprehensive income, net of tax:
Comprehensive income (loss), net of tax	$ 36,796	$ (46,190)	$ 57,651	$ (45,245)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		$ 57,651	$ (45,245)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	$ 24,909	63,444	40,513
Amortization of deferred financing costs, discount and debt premium		2,533	3,034
Loss on early retirement of debt	27,317	162	27,317
Stock compensation expense	1,300	7,151	3,062
Impairment charges		9,815
Provision (benefit) for deferred income taxes		10,461	(38,072)
Other		1,212	1,132
Change in operating assets and liabilities:
Sale of trading securities		565	295
Accounts receivable		7,507	4,037
Inventory		198	(630)
Prepaid expenses and other assets		(1,722)	(4,415)
Accounts payable and accrued liabilities		(10,473)	12,015
Net cash provided by operating activities		148,504	3,043
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment, net		(55,181)	(29,824)
Proceeds from sale of property and equipment		840
Net cash used in business combinations			(1,313,051)
Escrow deposit		(15,000)
Net cash used in investing activities		(69,341)	(1,342,875)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of Term Loan			1,450,000
Borrowings under Revolving Credit Facility			189,953
Payments under Revolving Credit Facility			(128,953)
Debt issuance costs		(305)	(44,992)
Taxes paid related to net share settlement of equity awards		(9,677)	(8,993)
Proceeds from exercise of stock options			2,898
Payments on other long-term payables		(344)	(210)
Net cash (used in) provided by financing activities		(10,326)	1,412,453
Increase in cash, cash equivalents and restricted cash		68,837	72,621
Cash, cash equivalents and restricted cash, beginning of period		147,749	63,444
Cash, cash equivalents and restricted cash, end of period	136,065	216,586	136,065
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO AMOUNTS REPORTED WITHIN THE CONDENSED CONSOLIDATED BALANCE SHEETS:
Cash and cash equivalents	103,624	202,016	103,624
Restricted cash	22,566	4,683	22,566
Restricted cash included in other noncurrent assets	9,875	9,887	9,875
Cash, cash equivalents and restricted cash, end of period	$ 136,065	216,586	136,065
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid		58,694	30,742
Income taxes (refunded) paid		(3,829)	589
NON-CASH FINANCING ACTIVITIES:
Net change in payables for capital expenditures		$ (5,018)	(1,156)
6% Senior Notes
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of Senior Notes			375,000
Term Loan
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of Term Loan			1,450,000
Payments under Term Loan			$ (422,250)

CONSOLIDATED STATEMENTS OF CAS7

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	Jun. 30, 2018
6% Senior Notes
Interest rate on Senior Notes	6.00%

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Jun. 30, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Basis of Presentation	Note 1. Organization and Basis of Presentation Organization The accompanying unaudited consolidated financial statements include the accounts of Eldorado Resorts, Inc. (“ERI” or the “Company”), a Nevada corporation formed in September 2013, and its consolidated subsidiaries. The Company acquired Mountaineer, Presque Isle Downs and Scioto Downs in September 2014 pursuant to a merger (the “MTR Merger”) with MTR Gaming Group, Inc. (“MTR Gaming”) and in November 2015 it acquired Circus Reno and the interests in the Silver Legacy that it did not own prior to such date (the “Reno Acquisition”). On May 1, 2017 (the “Isle Acquisition Date”), the Company completed its acquisition of Isle of Capri Casinos, Inc. pursuant to the Agreement and Plan of Merger (the “Merger Agreement”) dated as of September 19, 2016 with Isle of Capri Casinos, Inc. (“Isle” or “Isle of Capri”). As a result of the Isle Merger, Isle became a wholly-owned subsidiary of ERI. ERI owns and operates the following properties: • Eldorado Resort Casino Reno ( “ ” — • Silver Legacy Resort Casino ( “ ” — • Circus Circus Reno ( “ ” — • Eldorado Resort Casino Shreveport ( “ ” — • Mountaineer Casino, Racetrack & Resort ( “ ” — ’ • Presque Isle Downs & Casino ( “ ” — • Eldorado Gaming Scioto Downs ( “ ” — “ ” s”) • Isle Casino Hotel — — • Lady Luck Casino — — • Isle Casino Racing Pompano Park (“Pompano”) — • Isle Casino Bettendorf (“Bettendorf”) — • Isle Casino Waterloo (“Waterloo”) — • Isle of Capri Casino Hotel Lake Charles (“Lake Charles”) — • Isle of Capri Casino Lula (“Lula”) — • Lady Luck Casino Vicksburg (“Vicksburg”) — • Isle of Capri Casino Boonville (“Boonville”) — • Isle Casino Cape Girardeau (“Cape Girardeau”) — • Lady Luck Casino Caruthersville (“Caruthersville ”)— • Isle of Capri Casino Kansas City (“Kansas City”) — • Lady Luck Casino Nemacolin (“Nemacolin”) — In addition, Scioto Downs, through its subsidiary RacelineBet, Inc., also operates Racelinebet.com, a national account wagering service that offers online and telephone wagering on horse races as a marketing affiliate of TwinSpires.com, an affiliate of Churchill Downs Incorporated. Reclassifications Certain reclassifications of prior year presentations have been made to conform to the current period presentation. Basis of Presentation The accompanying unaudited consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments, all of which are normal and recurring, considered necessary for a fair presentation and have been included herein. The results of operations for these interim periods are not necessarily indicative of the operating results for other quarters, for the full year or any future period. The financial information included for periods prior to our acquisition of Isle are those of ERI and its subsidiaries. The presentation of information herein for periods prior to our acquisition of Isle and after our acquisition of Isle are not fully comparable because the results of operations for Isle are not included for periods prior to our acquisition of Isle. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017. Recently Issued Accounting Pronouncements – New Developments and Adoptions of New Accounting Standards In May 2014 (amended January 2017), the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers,” (ASC Topic 606) which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and eliminates existing industry guidance, including revenue recognition guidance specific to the gaming industry. The core principle of the revenue model indicates that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We adopted this standard effective January 1, 2018, and elected to apply the full retrospective adoption method. The most significant impacts of the adoption are summarized below in Note 2. In November 2016, ASU No. 2016-18 was issued related to the inclusion of restricted cash in the statement of cash flows. This new guidance requires that a statement of cash flows present the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalent. This update is effective in fiscal years, including interim periods, beginning after December 15, 2017. The Company retrospectively adopted this guidance on December 31, 2017. Upon adoption, the Company included a reconciliation of Cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets to the total shown in the Consolidated Statements of Cash Flows. Adoptions of this guidance had no other impact on the Consolidated Financial Statements or disclosures. Certain amounts have been retrospectively reclassified for the three and six months ended June 30, 2017 to conform to the current period presentation and reflect the change in the Company’s Consolidated Statements of Cash Flows required with the adoption of ASU No. 2016-15. In January 2017, the FASB issued ASU No. 2017-01, “Business Combinations – Clarifying the Definition of a Business.” This amendment is intended to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisition (or disposals) of assets or businesses. Amendments in this update provide a more robust framework to use in determining when a set of assets and activities is a business and to provide more consistency in applying the guidance, reduce the costs of application, and make the definition of a business more operable. The amendments are effective for interim and annual periods beginning after December 15, 2017, with early adoption allowed as follows: (1) transactions for which acquisition date occurs before the issuance date or effective date of the amendments, only when the transaction has not been reported in financial statements that have been issued or made available for issuance and (2) transactions in which a subsidiary is deconsolidated or a group of assets is derecognized that occur before the issuance date or effective date of the amendments, only when the transaction has not been reported in financial statements that have been issued or made available for issuance. We adopted this accounting standard during the first quarter of 2018, which did not have an impact on our consolidated financial statements, and will result in future acquisitions which do not involve substantive processes being accounted for as asset acquisitions. In February 2016, the FASB issued ASU No. 2016-02 which addresses the recognition and measurement of leases. Under the new guidance, for all leases (with the exception of short-term leases), at the commencement date, lessees will be required to recognize a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis, and a right-of-use (“ROU”) asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Further, the new lease guidance simplifies the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and liabilities, which no longer provides a source for off balance sheet financing. The effective date for this update is for the annual and interim periods beginning after December 15, 2018 with early adoption permitted. Lessees and lessors must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the consolidated financial statements. Currently, we do not have any material capital leases nor any material operating leases where we are the lessor. Our operating leases, primarily relating to certain ground leases and slot machines or VLTs, will be recorded on the balance sheet as an ROU asset with a corresponding lease liability, which will be amortized using the effective interest rate method as payments are made. The ROU asset will be depreciated on a straight-line basis and recognized as lease expense. The qualitative and quantitative effects of adoption of ASU 2016-02 are still being analyzed, and we are in the process of evaluating the full effect the new guidance will have on our consolidated financial statements.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2018
Revenue From Contract With Customer [Abstract]
Revenue Recognition	Note 2. Revenue Recognition The Company’s revenue contracts with customers consists primarily of casino wagers, pari-mutuel commissions, food and beverage transactions, hotel, retail and entertainment sales. Casino Revenue and Pari-mutuel Commissions The Company recognizes as casino revenue (transaction price) the net win from gaming activities, which is the difference between gaming wins and losses, not the total amount wagered. Progressive jackpots are accrued and charged to revenue at the time the obligation to pay the jackpot is established. Gaming revenues are recognized net of certain cash and free play incentives. Pari-mutuel commissions consist of commissions earned from thoroughbred and harness racing and importing of simulcast signals from other race tracks and are recognized at the time wagers are made. Such commissions are a designated portion of the wagering handle as determined by state racing commissions, and are shown net of the taxes assessed by state and local agencies, as well as purses and other contractual amounts paid to horsemen associations. The Company recognizes revenues from fees earned through the exporting of simulcast signals to other race tracks at the time wagers are made. Such fees are based upon a predetermined percentage of handle as contracted with the other race tracks. Gaming wager contracts involve two performance obligations for those customers earning points under the Company’s loyalty program and a single performance obligation for customers who don’t participate in the program. The Company applies a practical expedient by accounting for its gaming contracts on a portfolio basis as such wagers have similar characteristics and the Company reasonably expects the effects on the financial statements of applying the revenue recognition guidance to the portfolio to not differ materially from that which would result if applying the guidance to an individual wagering contract. Loyalty Programs and Other Contract Obligations The Company offers programs at its properties whereby our participating customers can accumulate points for wagering that can be redeemed for credits for free play on slot machines, lodging, food and beverage, merchandise and in limited situations, cash. The incentives earned by customers under these programs are based on previous revenue transactions and represent separate performance obligations. Points earned, less estimated breakage, are recorded as a reduction of casino revenues at the retail value of such benefits owed to the customer and recognized as departmental revenue based on where such points are redeemed, upon fulfillment of the performance obligation. The loyalty program liability represents a deferral of revenue until redemption occurs, which is typically less than one year. For purposes of allocating the transaction price in a wagering contract between the wagering performance obligation and the obligation associated with the loyalty points earned, the Company allocates an amount to the loyalty point contract liability based on the stand-alone selling price of the points earned, which is determined by the value of a point that can be redeemed for a non-gaming good or service. An amount is allocated to the gaming wager performance obligation using the residual approach as the stand-alone price for wagers is highly variable and no set established price exists for such wagers. The allocated revenue for gaming wagers is recognized when the wagers occur as all such wagers settle immediately. The loyalty point contract liability amount is deferred and recognized as revenue when the customer redeems the points for the non-gaming good or service at the time such goods or services are delivered to the customer. The Company’s liability for its loyalty point performance obligations totaled $11.0 million and $11.8 million at June 30, 2018 and December 31, 2017, respectively, inclusive of liabilities associated with assets held for sale. Historically, the Company’s loyalty points earned and redeemed are substantially constant over time, which results in the loyalty point performance obligation balance remaining fairly consistent across our reporting periods. Non-gaming Revenue Hotel, food and beverage, and other operating revenues are recognized as services are performed. The transaction price for hotel, food and beverage contracts is the net amount collected from the customer for such goods and services. Hotel, food and beverage services have been determined to be separate, stand-alone performance obligations and the transaction price for such contracts is recorded as revenue as the good or service is transferred to the customer over the customer’s stay at the hotel or when the delivery is made for the food and beverage. Advance deposits for future hotel occupancy, convention space or food and beverage services contracts are recorded as deferred income until the revenue recognition criteria has been met. The Company also provides goods and services that may include multiple performance obligations, such as for packages, for which revenues are allocated on a pro rata basis based on each service's stand-alone selling price. Complimentaries The Company offers discretionary coupons and other discretionary complimentaries to customers outside of the loyalty program. The retail value of complimentary food, beverage, hotel rooms and other services provided to customers, including loyalty point redemptions, is recognized in revenues when the goods or services are transferred to the customer. Complimentaries provided by third parties at the discretion and under the control of the Company is recorded as an expense when incurred. The Company’s revenues included complimentaries and loyalty point redemptions of $48.9 million and $43.2 million for the three months ended June 30, 2018 and 2017, respectively, and $96.1 million and $66.9 million for the six months ended June 30, 2018 and 2017, respectively. Adoption of ASC Topic 606 The adoption of ASC Topic 606 on January 1, 2018 principally affected the presentation of promotional allowances and how the Company measured the liability associated with our customer loyalty programs. The presentation of gross revenues for complimentary goods and services provided to guests with a corresponding offsetting amount included in promotional allowances was eliminated. This adjustment in presentation of promotional allowances did not have an impact on the Company’s historically reported net operating revenues. The majority of such amounts previously included in promotional allowances now offset casino revenues based on an allocation of revenues to performance obligations using stand-alone selling price. Food, beverage, lodging and other services furnished to our guests on a complimentary basis are measured at the respective estimated standalone selling prices and included as revenues within food and beverage, lodging, and retail, entertainment and other, which generally resulted in a corresponding decrease in gaming revenues. The costs of providing such complimentary goods and services are included as expenses within food and beverage, lodging, and retail, entertainment and other. Additionally, as a result of the adoption of the new standard, certain adjustments and other reclassifications to and between revenue categories and to and between expense categories were required; however, the amounts associated with such adjustments did not have a significant impact on the Company’s previously reported operating income or net income. Liabilities associated with our customer loyalty programs are no longer valued at cost; rather a deferred revenue model is used to account for the classification and timing of revenue to be recognized related to the redemption of loyalty program liabilities by our customers. Points earned under the Company’s loyalty programs are deemed to be separate performance obligations, and recorded as a reduction of casino revenues when earned at the retail value of such benefits owed to the customer and recognized as departmental revenue based on where such points are redeemed, upon fulfillment of the performance obligation. The Company elected to adopt the full retrospective method to apply the new guidance to each prior reporting period presented as if it had been in effect since January 1, 2015, with a pre-tax cumulative effect adjustment to our retained earnings upon adoption of $4.7 million. Net of tax, the cumulative effect adjustment to our retained earnings upon adoption was $3.5 million. This was primarily related to our loyalty program point liability, which increased from an estimated incremental cost model to a deferred revenue model at retail value. Adoption of the new standard did not have a significant impact on our previously reported net revenue, expenses, operating income, and net income. The impact of adoption of the new standard to previously reported selected financial statement information was as follows (in thousands): Three Months Ended June 30, 2017 As Reported ASC 606 Adjustments Other Reclassifications (1) As Adjusted Gross revenues $ 389,237 $ (31,215 ) $ 17,604 $ 375,626 Promotional allowances (34,057 ) 33,226 831 — Net revenues $ 355,180 $ 2,011 $ 18,435 $ 375,626 Operating (loss) income $ (32,116 ) $ 110 $ 1,539 $ (30,467 ) Net (loss) income $ (46,328 ) $ 138 $ — $ (46,190 ) Six Months Ended June 30, 2017 As Reported ASC 606 Adjustments Other Reclassifications (1) As Adjusted Gross revenues $ 608,783 $ (48,235 ) $ 17,471 $ 578,019 Promotional allowances (52,678 ) 51,713 965 — Net revenues $ 556,105 $ 3,478 $ 18,436 $ 578,019 Operating (loss) income $ (17,967 ) $ (11 ) $ 1,539 $ (16,439 ) Net (loss) income $ (45,307 ) $ 62 $ — $ (45,245 ) (1) Other reclassifications are comprised of the reversal of our Lake Charles property from discontinued operations and other reclassifications to conform to current period presentations. Additionally, adoption of the new standard resulted in a net loss per share adjustment from the as reported $0.69 per share to $0.68 per share for the three months ended June 30, 2017. There was no adjustment for the net loss per share for the six months ended June 30, 2017. The Company’s consolidated statement of operations presents net revenue disaggregated by type or nature of the good or service (i.e., casino, pari-mutuel, food and beverage, hotel and other). A summary of net revenues disaggregated by type of revenue and reportable segment is presented below (amounts in thousands). Refer to Note 13 for a discussion of the Company’s reportable segments. Three Months Ended June 30, 2018 West Midwest South East Corporate and Other Total Casino $ 57,696 $ 87,448 $ 88,994 $ 109,537 $ — $ 343,675 Pari-mutuel commissions — — 2,590 2,455 — 5,045 Food and beverage 25,812 6,744 12,583 9,154 — 54,293 Hotel 26,222 4,418 6,301 1,985 — 38,926 Other 8,150 1,997 1,774 2,830 112 14,863 Net revenues $ 117,880 $ 100,607 $ 112,242 $ 125,961 $ 112 $ 456,802 Three Months Ended June 30, 2017 West Midwest South East Corporate and Other Total Casino $ 45,229 $ 57,987 $ 69,001 $ 103,376 $ — $ 275,593 Pari-mutuel commissions — — 1,504 2,608 — 4,112 Food and beverage 25,002 5,035 10,828 8,844 — 49,709 Hotel 23,207 3,454 5,575 2,042 — 34,278 Other 6,314 1,165 1,551 2,768 136 11,934 Net revenues $ 99,752 $ 67,641 $ 88,459 $ 119,638 $ 136 $ 375,626 Six Months Ended June 30, 2018 West Midwest South East Corporate and Other Total Casino $ 107,430 $ 175,807 $ 186,503 $ 213,393 $ — $ 683,133 Pari-mutuel commissions — — 5,999 3,116 — 9,115 Food and beverage 49,023 13,660 26,444 17,364 — 106,491 Hotel 45,652 8,056 12,292 3,667 — 69,667 Other 15,354 3,879 3,804 5,312 239 28,588 Net revenues $ 217,459 $ 201,402 $ 235,042 $ 242,852 $ 239 $ 896,994 Six Months Ended June 30, 2017 West Midwest South East Corporate and Other Total Casino $ 69,062 $ 57,987 $ 92,169 $ 197,929 $ — $ 417,147 Pari-mutuel commissions — — 1,505 3,243 — 4,748 Food and beverage 44,494 5,035 16,561 16,040 — 82,130 Hotel 37,858 3,454 8,500 3,771 — 53,583 Other 11,826 1,165 2,284 4,943 193 20,411 Net revenues $ 163,240 $ 67,641 $ 121,019 $ 225,926 $ 193 $ 578,019

Isle Acquisition and Final Purc

Isle Acquisition and Final Purchase Price Accounting	6 Months Ended
	Jun. 30, 2018
Isle Acquisition and Final Purchase Price Accounting	Note 15. Acquisitions Grand Victoria Casino On April 16, 2018, the Company announced that it entered into a definitive agreement to acquire the Grand Victoria Casino in Elgin, Illinois for $327.5 million in cash, subject to a customary working capital adjustment (the “Grand Victoria Acquisition”). The transaction closed on August 7, 2018 and was funded using cash from our ongoing operations and borrowings under our revolving credit facility. The Company is in the preliminary phase of determining the fair value of the assets and liabilities assumed and as of the filing date cannot estimate the financial impact of the acquisition. Transaction expenses attributed to the Grand Victoria Acquisition for the three and six months ended June 30, 2018 totaled $0.7 million and $1.3 million, respectively. As of June 30, 2018, $0.1 million of accrued costs and expenses related to the Grand Victoria are included in accrued other liabilities. Tropicana Entertainment Inc. Also on April 16, 2018, the Company announced that it entered into a definitive agreement to acquire Tropicana Entertainment Inc. (“Tropicana”) in a cash transaction valued at $1.85 billion. The definitive agreement provides that Gaming and Leisure Properties (“GLPI”) will pay $1.21 billion, excluding taxes and expenses, for substantially all of Tropicana’s real estate, will enter into a master lease with the Company for the acquired real estate, and the Company will fund the remaining $640 million of cash consideration payable in the acquisition (the “Tropicana Acquisition” and, together with the Elgin Acquisition, the “Acquisitions”). Pursuant to the transaction, GLPI is expected to acquire the real estate associated with the Tropicana property portfolio, except the MontBleu Casino Resort & Spa in South Lake Tahoe and the Tropicana Aruba Resort and Casino. Following the acquisition of the real estate portfolio by GLPI, the Company will enter into a triple net master lease for the acquired properties with an initial term of 15 years, with renewals of up to 20 years at the Company’s option. The initial annual rent under the terms of the lease is expected to be approximately $110 million. Tropicana intends to dispose of Tropicana Aruba Resort and Casino prior to closing. The Company intends to fund the consideration of approximately $640 million payable by the Company in the Tropicana Acquisition and repay debt outstanding under Tropicana’s credit facility with cash generated from our current operations, proceeds from pending asset sales, Tropicana’s cash on hand, cash flow generated from Tropicana operations through closing and $600 million of committed debt financing. In addition, the Company has obtained commitments to increase its revolving credit facility from $300 million to $500 million effective substantially concurrently with the consummation of the Tropicana Acquisition and extend the maturity of the revolving credit facility to the fifth anniversary of the effective date of such increase. The transaction is expected to close in the fourth quarter of 2018. Transaction expenses attributed to the Tropicana Acquisition for the three and six months ended June 30, 2018 totaled $2.5 million and $3.5 million, respectively. As of June 30, 2018, $0.1 million of accrued costs and expenses related to the Tropicana Acquisition are included in accrued other liabilities.
Isle of Capri
Isle Acquisition and Final Purchase Price Accounting	Note 3. Isle Acquisition and Final Purchase Price Accounting Final Purchase Price Accounting – Isle of Capri On May 1, 2017, the Company completed its acquisition of Isle. As of March 31, 2018, the Company finalized its purchase price accounting related to the Isle Acquisition The total purchase consideration in the Isle Acquisition was determined with reference to the fair value on the date of the Merger Agreement as follows: Purchase consideration calculation (dollars in thousands, except shares and stock price) Shares Per share Cash paid for outstanding Isle common stock (1) $ 552,050 Shares of ERI common stock issued for Isle common stock (2) 28,468,182 $ 19.12 544,312 Cash paid by ERI to retire Isle's long-term debt (3) 828,000 Shares of ERI common stock for Isle equity awards (4) 10,383 Purchase consideration $ 1,934,745 (1) The cash component of the consideration represents 58% of the aggregate consideration paid in the Isle Acquisition. The Merger Agreement provided that Isle stockholders could elect to exchange each share of Isle common stock for either $23.00 in cash or 1.638 shares of ERI common stock, subject to proration such that the outstanding shares of Isle common stock will be exchanged for aggregate consideration comprised of 58% cash and 42% ERI common stock. See discussion of Stock Consideration component in note (2) below. (2) The Stock Consideration component of the consideration represents 42% of the aggregate consideration paid in the Isle Acquisition. The Merger Agreement provided that 58% of the aggregate consideration would be paid by ERI in cash, as described in note (1) above. The remaining 42% of the aggregate consideration was paid in shares of ERI common stock. The total Stock Consideration and per share consideration above were based on the ERI stock price on April 28, 2017 (the last business day prior to Isle Acquisition Date) which was $19.12 per share. (3) In addition to the cash paid to retire the principal amounts outstanding of Isle’s long-term debt, ERI paid $26.6 million in premiums and interest. (4) This amount represents consideration paid for the replacement of Isle’s outstanding equity awards. As discussed in Note 1, Isle’s outstanding equity awards were replaced by ERI equity awards with similar terms. A portion of the fair value of ERI awards issued represents consideration transferred, while a portion represents compensation expense based on the vesting terms of the equity awards. The following table summarizes the final purchase accounting of the purchase consideration to the identifiable Current and other assets, net $ 135,925 Property and equipment 908,816 Goodwill 709,087 Intangible assets (i) 517,470 Other noncurrent assets 15,082 Total assets 2,286,380 Current liabilities (144,306 ) Deferred income taxes (ii) (189,952 ) Other noncurrent liabilities (17,377 ) Total liabilities (351,635 ) Net assets acquired $ 1,934,745 (i) Intangible assets consist of gaming licenses, trade names, and player relationships. (ii) Deferred tax liabilities were derived based on fair value adjustments for property and equipment and identified intangibles. During the three months ended March 31, 2018, the Company finalized its valuation procedures and adjusted the Isle of Capri preliminary purchase price accounting, as disclosed in the Annual Report on Form 10-K for the year ended December 31, 2017, to their updated values. Except for other long-term liabilities related to Bettendorf and Nemacolin (see Note 8) and a corresponding goodwill adjustment totaling $6.1 million (net of tax), the finalization of our purchase price accounting resulted in minimal changes and refinements by management as of, and for the three months ended March 31, 2018. Valuation methodologies under both a market and income approach used for the identifiable net assets acquired in the Isle Acquisition make use of Level 1 and Level 3 inputs including quoted prices in active markets and discounted cash flows. Trade receivables and payables, inventory and other current and noncurrent assets and liabilities were valued at the existing carrying values as they represented the estimated fair value of those items at the Isle Acquisition Date. The fair value of land was determined using the market approach, which arrives at an indication of value by comparing the site being valued to sites that have been recently acquired in arm’s-length transactions. The market data is then adjusted for any significant differences, to the extent known, between the identified comparable sites and the site being valued. Building and site improvements were valued using the cost approach using a direct cost model built on estimates of replacement cost. With respect to personal property components of the assets, personal property assets with an active and identifiable secondary market such as riverboats, gaming equipment, computer equipment and vehicles were valued using the market approach. Other personal property assets such as furniture, fixtures, computer software, and restaurant equipment were valued using the cost approach which is based on replacement or reproduction costs of the asset. The cost approach is an estimation of fair value developed by computing the current cost of replacing a property and subtracting any depreciation resulting from one or more of the following factors: physical deterioration, functional obsolescence, and/or economic obsolescence. The income approach incorporates all tangible and intangible property and served as a ceiling for the fair values of the acquired assets of the ongoing business enterprise, while still taking into account the premise of highest and best use. In the instance where the business enterprise value developed via the income approach was exceeded by the initial fair values of the underlying assets, an adjustment to reflect economic obsolescence was made to the tangible assets on a pro rata basis to reflect the contributory value of each individual asset to the enterprise as a whole. The fair value of the gaming licenses was determined using the excess earnings or replacement cost methodology based on the respective states’ legislation. The excess earnings methodology, which is an income approach methodology that allocates the projected cash flows of the business to the gaming license intangible assets less charges for the use of other identifiable assets of Isle including working capital, fixed assets and other intangible assets. This methodology was considered appropriate as the gaming licenses are the primary asset of Isle and the licenses are linked to each respective facility. Under the respective state’s gaming legislation, the property specific licenses can only be acquired if a theoretical buyer were to acquire each existing facility. The existing licenses could not be acquired and used for a different facility. The properties’ estimated future cash flows were the primary assumption in the respective valuations. Cash flow estimates included net gaming revenue, gaming operating expenses, general and administrative expenses, and tax expense. The replacement cost methodology is a cost approach methodology based on replacement or reproduction cost of the gaming license as an indicator of fair value. The acquired Isle properties currently have licenses in Pennsylvania, Iowa, Missouri, Mississippi, Florida and Colorado. The renewal of each state’s gaming license depends on a number of factors, including payment of certain fees and taxes, providing certain information to the state’s gaming regulator, and meeting certain inspection requirements. However, ERI’s historical experience has not indicated, nor does ERI expect, any limitations regarding its ability to continue to renew each license. No other competitive, contractual, or economic factor limits the useful lives of these assets. Accordingly, ERI has concluded that the useful lives of these licenses are indefinite. Trademarks are valued using the relief from royalty method, which presumes that without ownership of such trademarks, ERI would have to make a stream of payments to a brand or franchise owner in return for the right to use their name. By virtue of this asset, ERI avoids any such payments and record the related intangible value of ERI’s ownership of the brand name. The primary assumptions in the valuation included revenue, pre-tax royalty rate, and tax expense. Trade names were valued using the relief‑from‑royalty method. The loyalty program was valued using a comparative business valuation method. Management has assigned trade names an indefinite useful life after considering, among other things, the expected use of the asset, the expected useful life of other related asset or asset group, any legal, regulatory, or contractual provisions that may limit the useful life, ERI’s own historical experience in renewing similar arrangements, the effects of obsolescence, demand and other economic factors, and the maintenance expenditures required to obtain the expected cash flows. In that analysis, ERI determined that no legal, regulatory, contractual, competitive, economic or other factors limit the useful lives of these intangible assets. Isle Operating Results and Transaction Expenses For the six months ended June 30, 2018, Isle generated revenue of $454.8 million and net income of $66.7 million. Transaction expenses attributed to the Isle Acquisition are reported on the accompanying statements of operations related to legal, accounting, financial advisory services, severance, stock awards and other costs and totaled $0.2 million and $1.1 million for the three and six months ended June 30, 2018, respectively, and $85.5 million and $87.1 million for the three and six months ended June 30, 2017, respectively. Unaudited Pro Forma Information The following unaudited pro forma information presents the results of operations of the Company for the three and six months ended June 30, 2017, as if the Isle Acquisition had occurred on January 1, 2017 (in thousands). Three Months Ended Six Months Ended June 30, 2017 June 30, 2017 Net operating revenues $ 458,106 $ 906,588 Net income (loss) 11,628 (15,176 ) These pro forma results do not necessarily represent the results of operations that would have been achieved if the acquisition had taken place on January 1, 2017, nor are they indicative of the results of operations for future periods. The pro forma amounts include the historical operating results of the Company and Isle prior to the Isle Acquisition with adjustments directly attributable to the Isle Acquisition.

Assets Held for Sale

Assets Held for Sale	6 Months Ended
	Jun. 30, 2018
Discontinued Operations And Disposal Groups [Abstract]
Assets Held for Sale	Note 4. Assets Held for Sale On February 28, 2018, the Company entered into definitive agreements to sell substantially all of the assets and liabilities of Presque Isle Downs and Vicksburg to Churchill Downs Incorporated (“CDI”). Under the terms of the agreements, CDI agreed to purchase Presque Isle Downs for cash consideration of approximately $178.9 million and Vicksburg for cash consideration of approximately $50.6 million, in each case subject to a customary working capital adjustment. In relation to the dispositions, an impairment charge was recorded related to Vicksburg during the six months ended June 30, 2018 (see Note 6). The definitive agreements provided that the dispositions were subject to receipt of required regulatory approvals, termination of the waiting period under the Hart-Scott-Rodino Act and other customary closing conditions, including, in the case of Presque Isle Downs, the prior closing of the sale of Vicksburg or the entry into an agreement to acquire another asset of the Company. On May 7, 2018, the Company and CDI each received a Request for Additional Information and Documentary Materials, often referred to as a “Second Request,” from the Federal Trade Commission in connection with its review of the Vicksburg acquisition. On July 6, 2018, in consideration of the time and expense needed to reply to the Second Request, the Company and CDI entered into a termination agreement and release, mutually agreeing to terminate the asset purchase agreement with respect to Vicksburg (the “Vicksburg Termination Agreement”). Concurrently with the termination of the Vicksburg agreement, the Company agreed to enter into an agreement pursuant to which CDI will acquire and assume the rights and obligations to operate Nemacolin. In connection with the Vicksburg Termination Agreement, CDI has agreed to pay the Company a $5.0 million termination fee, subject to the parties’ execution of a definitive agreement with respect to the Nemacolin transaction. Both sales are expected to close in the fourth quarter of 2018, subject to satisfaction of closing conditions, including receipt of Pennsylvania regulatory approvals, termination of the waiting period under the Hart-Scott-Rodino Act and, in the case of Presque Isle Downs, the execution of the definitive agreement with respect to the Nemacolin transaction. The dispositions of Vicksburg and Presque Isle Downs met the requirements for presentation as assets held for sale under generally accepted accounting principles as of June 30, 2018. The assets and liabilities held for sale were as follows (in thousands): June 30, 2018 Vicksburg Presque Isle Downs Total Assets: Accounts receivable, net $ 100 $ 2,529 $ 2,629 Inventories 252 1,574 1,826 Prepaid expenses and other 275 992 1,267 Property and equipment, net 35,852 69,558 105,410 Goodwill 8,806 3,122 11,928 Other intangibles, net 2,720 75,422 78,142 Assets held for sale $ 48,005 $ 153,197 $ 201,202 Liabilities: Accounts payable $ 175 $ 756 $ 931 Accrued payroll and related 300 636 936 Accrued property and other taxes — 78 78 Accrued other liabilities 379 3,493 3,872 Liabilities related to assets held for sale $ 854 $ 4,963 $ 5,817

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2018
Share Based Compensation [Abstract]
Stock-Based Compensation	Note 5. Stock-Based Compensation Common Stock and Stock‑Based Awards The Company has authorized common stock of 200,000,000 shares, par value $0.00001 per share. In June 2018 the Company amended its certificate of incorporation to increase the total number of authorized shares of common stock from 100,000,000 shares to 200,000,000 shares Total stock-based compensation expense in the accompanying consolidated statements of operations totaled $3.5 million and $1.3 million during the three months ended June 30, 2018 and 2017, respectively, and $7.2 million and $3.1 million during the six months ended June 30, 2018 and 2017, respectively. A summary of the RSU and RSA activity for the six months ended June 30, 2018 is presented in the following table: Restricted Stock Units Restricted Stock Awards Units Weighted- Average Grant Date Fair Value Units Weighted- Average Grant Date Fair Value (in millions) (in millions) Unvested outstanding as of December 31, 2017 1,579,499 $ 12.25 10,809 $ 19.13 Granted 316,431 32.91 — — Vested (783,672 ) 8.05 (10,809 ) 19.13 Canceled (9,885 ) 19.13 — — Unvested outstanding as of June 30, 2018 1,102,373 $ 21.11 — $ — A summary of the ERI Stock Option activity for the six months ended June 30, 2018 is presented in the following table: Weighted- Average Exercise Options Price Outstanding as of December 31, 2017 271,852 $ 9.63 Expired (15,776 ) 10.89 Exercised (103,120 ) 9.09 Outstanding as of June 30, 2018 152,956 $ 9.63 136,505 options were exercisable as of June 30, 2018.

Other and Intangible Assets, Ne

Other and Intangible Assets, Net	6 Months Ended
	Jun. 30, 2018
Other And Intangible Assets Net Disclosure [Abstract]
Other and Intangible Assets, Net	Note 6. Other and Intangible Assets, net Other and intangible assets, net, include the following amounts (in thousands): June 30, December 31, 2018 2017 Useful Life (unaudited) Goodwill $ 719,254 $ 747,106 Indefinite Gaming licenses $ 801,774 $ 877,174 Indefinite Trade names 105,550 108,250 Indefinite Trade names 5,100 6,700 1 - 3.5 years Loyalty programs 20,193 21,820 1 - 3 years Subtotal 932,617 1,013,944 Accumulated amortization trade names (5,100 ) (6,290 ) Accumulated amortization loyalty programs (11,581 ) (10,838 ) Total gaming licenses and other intangible assets $ 915,936 $ 996,816 Non-operating real property $ 14,030 $ 18,069 Unamortized debt issuance costs - Revolving Credit Facility $ 7,613 $ 8,616 Restricted cash 9,887 9,886 Other 27,535 12,130 Total other assets, net $ 45,035 $ 30,632 Goodwill represents the excess of the purchase prices of acquiring MTR Gaming and Isle over the fair market value of the net assets acquired. In conjunction with the classification of Vicksburg’s operations as assets held for sale (see Note 4) as a result of the announced sale to Churchill Downs Incorporated, an impairment charge totaling $9.8 million was recorded for the six months ended June 30, 2018 due to the carrying value exceeding the estimated net sales proceeds. Gaming licenses represent intangible assets acquired from the purchase of a gaming entity located in a gaming jurisdiction where competition is limited, such as when only a limited number of gaming operators are allowed to operate in the jurisdiction. These gaming license rights are not subject to amortization as the Company has determined that they have an indefinite useful lives. Amortization expense related to trade names and loyalty programs for the three months ended June 30, 2018 and 2017 totaled $1.2 million and $1.1 million, respectively, and $2.7 million and $1.6 million for the six months ended June 30, 2018 and 2017, respectively, which is included in depreciation and amortization expense in the consolidated statements of operations. Such amortization expense is expected to be $2.3 million for the remainder of 2018 and $4.7 million and $1.6 million for the years ended December 31, 2019 and 2020, respectively.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Note 7. Income Taxes The SEC staff issued Staff Accounting Bulletin (“SAB”) 118, which provides guidance on accounting for the tax effects of the Tax Act. SAB 118 provides a measurement period that should not extend beyond one year from the Tax Act enactment date for companies to complete the accounting under ASC 740. In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the Tax Act for which the accounting under ASC 740 is complete. To the extent that a company’s accounting for certain income tax effects of the Tax Act is incomplete but it is able to determine a reasonable estimate, it must record a provisional estimate in the financial statements. If a company cannot determine a provisional estimate to be included in the financial statements, it should continue to apply ASC 740 on the basis of the provisions of the tax laws that were in effect immediately before the enactment of the Tax Act. Through the quarter ended June 30, 2018, the Company recognized no adjustments to the provisional amounts recorded at December 31, 2017. Additionally, the Company has not completed its accounting for all of the tax effects of the Tax Act that became effective January 1, 2018, but has recognized provisional amounts in its income tax provision. The Company is awaiting further guidance from U.S. federal and state regulatory bodies with regards to the final accounting and reporting of these items in the several jurisdictions where the Company file tax returns. In all cases, the Company will continue to make and refine its calculations as additional analysis is completed. Its estimates may also be affected as the Company gains a more thorough understanding of the tax law. The Company estimates an annual effective income tax rate based on projected results for the year and applies this rate to income before taxes to calculate income tax expense. Any refinements made due to subsequent information that affects the estimated annual effective income tax rate are reflected as adjustments in the current period. For the three and six months ended June 30, 2018, the Company’s tax expense was $9.2 million and $11.3 million, no The Company and its subsidiaries file US federal income tax returns and various state and local income tax returns. The Company does not have tax sharing agreements with the other members within the consolidated ERI group. With few exceptions, the Company is no longer subject to US federal or state and local tax examinations by tax authorities for years before 2012. The Company was notified by the Internal Revenue Service in October of 2016 that its federal tax return for the year ended December 31, 2014 had been selected for examination. In September 2017, the IRS informed the Company that they completed the examination o f the tax return and made no changes.

Long-Term Debt and Other Long-T

Long-Term Debt and Other Long-Term Liabilities	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Long-Term Debt and Other Long-Term Liabilities	Note 8. Long-Term Debt and Other Long-Term Liabilities Long‑term debt consisted of the following (in thousands): June 30, December 31, 2018 2017 (unaudited) Term Loan $ 956,750 $ 956,750 Less: Unamortized discount and debt issuance costs (17,487 ) (18,748 ) Net 939,263 938,002 6% Senior Notes 875,000 875,000 Plus: Unamortized debt premium 25,068 26,605 Less: Unamortized debt issuance costs (19,580 ) (20,716 ) Net 880,488 880,889 7% Senior Notes 375,000 375,000 Less: Unamortized discount and debt issuance costs (6,620 ) (7,146 ) Net 368,380 367,854 Capital leases 617 917 Long-term notes payable 2,487 2,531 Less: Current portion (486 ) (615 ) Total long-term debt $ 2,190,749 $ 2,189,578 Amortization of the debt issuance costs and the discount and premium associated with our indebtedness totaled $1.2 million and $2.5 million for the three and six months ended June 30, 2018, respectively. Amortization of the debt issuance costs and the discount and premium associated with our indebtedness totaled $2.2 million and $3.0 million for the three and six months ended June 30, 2017, respectively. Amortization of debt issuance costs is computed using the effective interest method and is included in interest expense. Scheduled maturities of long‑term debt are $375.0 million in 2023, $956.8 million in 2024, and $875.0 million in 2025. Term Loan and Revolving Credit Facility In April 2017, entered into a credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto dated as of April 17, 2017 (the “Credit Facility”), consisting of a $1.45 billion term loan facility (the “Term Loan Facility” or “Term Loan”) and a $300.0 million revolving credit facility (the “Revolving Credit Facility”). As of June 30, 2018, the Company had $956.8 million outstanding on the Term Loan. There were no borrowings outstanding under the Revolving Credit Facility as of June 30, 2018. The Company had $290.9 million of available borrowing capacity, after consideration of $9.1 million in outstanding letters of credit, under its Revolving Credit Facility as of June 30, 2018. The interest rate per annum applicable to loans under the Revolving Credit Facility are, at our option, either LIBOR plus a margin ranging from 1.75% to 2.50% or a base rate plus a margin ranging from 0.75% to 1.50%, which margin is based on our total leverage ratio. The interest rate per annum applicable to the loans under the Term Loan Facility is, at our option, either LIBOR plus 2.25%, or a base rate plus 1.25%; provided, however, that in no event will LIBOR be less than zero or the base rate be less than 1.00% over the term of the Term Loan Facility or the Revolving Credit Facility. Additionally, the Company pays a commitment fee on the unused portion of the Revolving Credit Facility in the amount of 0.50% per annum. At June 30, 2018, the weighted average interest rate on the Term Loan was 4.1% based upon the weighted average interest rate of borrowings outstanding during the six months ended June 30, 2018. We have obtained commitments to increase our revolving credit facility from $300 million to $500 million effective substantially concurrently with the consummation of the Tropicana Acquisition and extend the maturity date of our revolving credit facility to the fifth anniversary of the effective date of such increase. On June 6, 2018, the Company executed an amendment that modified certain covenants in the Credit Facility to allow for considerations related to the acquisition of Tropicana. Senior Notes 6% Senior Notes On March 29, 2017, Eagle II issued at par $375.0 million aggregate principal amount of 6.0% senior notes due 2025 (the “6% Senior Notes”) pursuant to an indenture, dated as of March 29, 2017 (the “6% Senior Notes Indenture”), between Eagle II and U.S. Bank, National Association, as Trustee. The 6% Senior Notes will mature on April 1, 2025, with interest payable semi-annually in arrears on April 1 and October 1, commencing October 1, 2017. In connection with the consummation of the Isle Acquisition on May 1, 2017, the Company assumed Eagle II’s obligations under the 6% Senior Notes and the 6% Senior Notes Indenture and certain of the Company’s subsidiaries (including Isle and certain of its subsidiaries) executed guarantees of the Company’s obligations under the 6% Senior Notes. On September 13, 2017, the Company issued an additional $500.0 million principal amount of its 6% Senior Notes at an issue price equal to 105.5% of the principal amount of the 6% Senior Notes. The additional notes were issued pursuant to the 6% Senior Notes Indenture that governs the 6% Senior Notes. The Company used the proceeds of the offering to repay $78.0 million of outstanding borrowings under the previous revolving credit facility and used the remainder to repay $444.5 million outstanding borrowings under the previous term loan facility and related accrued interest. 7% Senior Notes On July 23, 2015, the Company issued at par $375.0 million in aggregate principal amount of 7.0% senior notes due 2023 (“7% Senior Notes”) pursuant to the Indenture, dated as of July 23, 2015 (the “Indenture”), between the Company and U.S. Bank, National Association, as Trustee. The 7% Senior Notes will mature on August 1, 2023, with interest payable semi-annually in arrears on February 1 and August 1 of each year. As of June 30, 2018 we were in compliance with all covenants under the Credit Facility, 6% Senior Notes, and 7% Senior Notes. Other Long-Term Liabilities In conjunction with the Isle Acquisition, the Company acquired the existing lease and management agreements at its Nemacolin location. Under the terms of the agreements, Nemacolin Woodland Resort (“Resort”) provided land, land improvements and a building for the casino property. The Company was deemed, for accounting purposes only, to be the owner of these assets provided by the Resort during the construction and casino operating periods due to the Company’s continuing involvement. Therefore, the transaction was accounted for using the direct financing method. As of June 30, 2018 and December 31, 2017, the Company recorded property and equipment, net of accumulated depreciation, of $4.1 million and $4.2 million, respectively, and a liability of $2.4 million and $4.5 million, respectively, in other long-term liabilities related to the agreement. The decrease in the liability was primarily due to the Company finalizing its purchase price accounting related to the Isle Acquisition as of March 31, 2018. In conjunction with the Isle Acquisition, the Company acquired the existing lease and management agreements at its Bettendorf location. Under the terms of the agreements with the City of Bettendorf, Iowa, the Company leases, manages, and provides financial and operating support for the convention center (Quad-Cities Waterfront Convention Center). The Company was deemed, for accounting purposes only, to be the owner of the convention center due to the Company’s continuing involvement. Therefore, the transaction was accounted for using the direct financing method. As of June 30, 2018 and December 31, 2017, the Company recorded property and equipment, net of accumulated depreciation, of $12.0 million and $11.9 million, respectively, and a liability of $5.5 million and $12.5 million, respectively, in other long-term liabilities related to the agreement. The changes in property and equipment and in the liability were primarily due to the Company finalizing its purchase price accounting related to the Isle Acquisition as of March 31, 2018.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 9. Fair Value Measurements Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Accordingly, fair value is a market based measurement that is determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, there is a three‑tier fair value hierarchy, which prioritizes the inputs used in measuring fair values as follows: • Level 1 Inputs : Quoted market prices in active markets for identical assets or liabilities. • Level 2 Inputs : Observable market‑based inputs or unobservable inputs that are corroborated by market data. • Level 3 Inputs : Unobservable inputs that are not corroborated by market data. Items Measured at Fair Value on a Recurring Basis : The following table sets forth the assets measured at fair value on a recurring basis, by input level, in the consolidated balance sheets at June 30, 2018 and December 31, 2017 (amounts in thousands): June 30, 2018 Assets: Level 1 Level 2 Total Restricted cash and investments $ 10,753 $ 3,817 $ 14,570 Marketable securities 9,512 7,554 17,066 December 31, 2017 Assets: Level 1 Level 2 Total Restricted cash and investments $ 9,055 $ 4,098 $ 13,153 Marketable securities 7,906 9,725 17,631 The following methods and assumptions are used to estimate the fair value of each class of financial instruments for which it is practical to estimate fair value: Cash and Cash Equivalents : Cash equivalents include investments in money market funds. Investments in this category can be redeemed immediately at the current net asset value per share. A money market fund is a mutual fund whose investments are primarily in short‑term debt securities designed to maximize current income with liquidity and capital preservation, usually maintaining per share net asset value at a constant amount, such as one dollar. Cash and cash equivalents also includes cash maintained for gaming operations. The carrying amounts approximate the fair value because of the short maturity of those instruments (Level 1). Restricted Cash : Restricted cash includes cash reserved for unredeemed winning tickets from the Company’s racing operations, funds related to horsemen’s fines and certain simulcasting funds that are restricted to payments for improving horsemen’s facilities and racing purses, cash deposits that serve as collateral for letters of credit, surety bonds and short-term certificates of deposit that serve as collateral for certain bonding requirements. The estimated fair values of our restricted cash and investments are based upon quoted prices available in active markets (Level 1), or quoted prices for similar assets in active and inactive markets (Level 2), and represent the amounts we would expect to receive if we sold our restricted cash and investments. Restricted investments, included in Other Assets, net, relate to trading securities pledged as collateral by our captive insurance company. Marketable Securities: Marketable securities consist primarily of trading securities held the Company’s captive insurance subsidiary. The estimated fair values of the Company’s marketable securities are determined on an individual asset basis based upon quoted prices of identical assets available in active markets (Level 1), quoted prices of identical assets in inactive markets, or quoted prices for similar assets in active and inactive markets (Level 2), and represent the amounts we would expect to receive if we sold these marketable securities. Long‑term Debt: The fair value of our long-term debt or other long-term obligations is estimated based on the quoted market price of the underlying debt issue (Level 1) or, when a quoted market price is not available, the discounted cash flow of future payments utilizing current rates available to us for the debt of similar remaining maturities (Level 2). Debt obligations with a short remaining maturity have a carrying amount that approximates fair value. There were no transfers between Level 1 and Level 2 investments. The estimated fair values of the Company’s financial instruments are as follows (amounts in thousands): June 30, 2018 December 31, 2017 Carrying Fair Carrying Fair Amount Value Amount Value Financial liabilities: 7% Senior Notes $ 368,380 $ 393,750 $ 367,854 $ 400,800 6% Senior Notes 880,488 868,438 880,889 914,375 Term Loan 939,263 956,750 938,002 956,750 Other long-term debt 2,487 2,487 2,531 2,531 Capital leases 617 617 917 917

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2018
Earnings Per Share Basic And Diluted [Abstract]
Earnings per Share	Note 10. Earnings per Share The following table illustrates the reconciliation of the numerators and denominators of the basic and diluted net income per share computations for the three and six months ended June 30, 2018 and 2017 (dollars in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2018 2017 2018 2017 (unaudited) Net income (loss) available to common stockholders $ 36,796 $ (46,190 ) $ 57,651 $ (45,245 ) Shares outstanding: Weighted average shares outstanding – basic 77,458,584 67,453,095 77,406,447 57,405,834 Effect of dilutive securities: Stock options 131,148 N/A 142,027 N/A RSUs 668,897 N/A 621,155 N/A Weighted average shares outstanding – diluted (1) 78,258,629 67,453,095 78,169,629 57,405,834 Net income (loss) per common share attributable to common stockholders – basic: $ 0.48 $ (0.68 ) $ 0.74 $ (0.79 ) Net income (loss) per common share attributable to common stockholders – diluted: $ 0.47 $ (0.68 ) $ 0.74 $ (0.79 ) (1) Excluded from “Weighted average shares outstanding – diluted” are 78,435 and 64,617 stock options for the three and six months ended June 30, 2017, respectively, and 937,661 and 868,987 RSUs for the three and six months ended June 30, 2017, respectively.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 11. Commitments and Contingencies Litigation. The Company is a party to various lawsuits, which have arisen in the normal course of business. Estimated losses are accrued for these lawsuits and claims when the loss is probable and can be estimated. The current liability for the estimated losses associated with those lawsuits is not material to the consolidated financial condition and those estimated losses are not expected to have a material impact on the results of operations. Agreements with Horsemen and Pari-mutuel Clerks . The Federal Interstate Horse Racing Act and the state racing laws in West Virginia, Ohio and Pennsylvania require that, in order to simulcast races, we have written agreements with the horse owners and trainers at those racetracks. In addition, in order to operate slot machines in West Virginia, we are required to enter into written agreements regarding the proceeds of the slot machines (a “proceeds agreement”) with a representative of a majority of the horse owners and trainers and with a representative of a majority of the pari‑mutuel clerks. In Pennsylvania and Ohio, we must have an agreement with the representative of the horse owners. We have the requisite agreements in place with the horsemen at Mountaineer until December 31, 2018. With respect to the Mountaineer pari‑mutuel clerks, we have a labor agreement in force until November 30, 2018, which will automatically renew for an additional one-year period, and a proceeds agreement until April 14, 2019. We are required to have a proceeds agreement in effect on July 1 of each year with the horsemen and the pari‑mutuel clerks as a condition to renewal of our video lottery license for such year. If the requisite proceeds agreement is not in place as of July 1 of a particular year, Mountaineer’s application for renewal of its video lottery license could be denied, in which case Mountaineer would not be permitted to operate either its slot machines or table games. Scioto Downs has the requisite agreement in place with the OHHA until December 31, 2023, with automatic two-year renewals unless either party requests re‑negotiation pursuant to its terms. Presque Isle Downs has the requisite agreement in place with the Pennsylvania Horsemen’s Benevolent and Protective Association until May 1, 2021. With the exception of the respective Mountaineer, Presque Isle Downs and Scioto Downs horsemen’s agreements and the agreement between Mountaineer and the pari‑mutuel clerks’ union described above, each of the agreements referred to in this paragraph may be terminated upon written notice by either party.

Related Affiliates

Related Affiliates	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
Related Affiliates	Note 12. Related Affiliates The Company has a lease agreement with C.S. &Y. Associates (“CS&Y”) which is an entity partially owned by Recreational Enterprises, Inc. (“REI”), which is owned by members of the Carano family, including Gary L. Carano, and various trusts of which members of the Carano family are beneficiaries. In addition, each of Gary L. Carano and Thomas R. Reeg serve as members of the board of directors of REI. The Company owns the entire parcel on which Eldorado Reno is located, except for approximately 30,000 square feet which is leased from CS&Y. For the three and six months ended June 30, 2018, the Company paid CS&Y $150,000 and $300,000, respectively. For the three and six months ended June 30, 2017, the Company paid CS&Y $90,000 and $215,000, respectively. No amounts were due to or due from CS&Y as of June 30, 2018 and December 31, 2017. The Company holds a 42.1% variable interest in a partnership with other investors that developed a new 118-room Hampton Inn & Suites hotel at Scioto Downs that opened in March 2017. Pursuant to the terms of the partnership agreement, the Company contributed $1.0 million of cash and 2.4 acres of a leasehold immediately adjacent to The Brew Brothers The Company formed a joint venture in April 2018 with Cordish Companies (“Cordish”) to master plan and develop a mixed use entertainment and hospitality destination expected to be located on unused land adjacent to the casino and racetrack at our Pompano property. No amounts were due to or due from Cordish as of June 30, 2018.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Segment Information	Note 13. Segment Information The following table sets forth, for the period indicated, certain operating data for our reportable segments. The executive decision maker of our Company reviews operating results, assesses performance and makes decisions on a “significant market” basis. Management views each of our casinos as an operating segment. Operating segments are aggregated based on their similar economic characteristics, types of customers, types of services and products provided, and their management and reporting structure. Prior to the Isle Acquisition, the Company’s principal operating activities occurred in three geographic regions: Nevada, Louisiana and parts of the eastern United States. Following the Isle Acquisition, the Company’s principal operating activities expanded and now occur in four geographic regions and reportable segments based on the similar characteristics of the operating segments within the regions in which they operate. The previously reported segments, Nevada, Louisiana, and Eastern, are now included in the West, South, and East segments, respectively, which are summarized as follows, along with the Midwest segment. Segment Property State West Eldorado Reno Nevada Silver Legacy Nevada Circus Reno Nevada Isle Black Hawk Colorado Lady Luck Black Hawk Colorado Midwest Waterloo Iowa Bettendorf Iowa Boonville Missouri Cape Girardeau Missouri Caruthersville Missouri Kansas City Missouri South Pompano Florida Eldorado Shreveport Louisiana Lake Charles Louisiana Lula Mississippi Vicksburg Mississippi East Presque Isle Downs Pennsylvania Nemacolin Pennsylvania Scioto Downs Ohio Mountaineer West Virginia The following table sets forth, for the periods indicated, certain operating data for our four reportable segments. Amounts related to pre-acquisition periods (prior to May 1, 2017) conform to prior presentation as the additional operating segments associated with the Isle Acquisition are incremental to the previously disclosed reportable segments. Three Months Ended Six months ended Ended June 30, Ended June 30, 2018 2017 2018 2017 (in thousands, unaudited) (in thousands, unaudited) Revenues and expenses West: Net operating revenues $ 117,880 $ 99,752 $ 217,459 $ 163,240 Operating income $ 21,865 $ 16,512 $ 32,004 $ 17,933 Midwest: Net operating revenues $ 100,607 $ 67,641 $ 201,402 $ 67,641 Operating income $ 27,411 $ 15,412 $ 54,087 $ 15,412 South: Net operating revenues $ 112,242 $ 88,459 $ 235,042 $ 121,019 Operating income $ 20,564 $ 12,610 $ 33,923 $ 18,528 East: Net operating revenues $ 125,961 $ 119,638 $ 242,852 $ 225,926 Operating income $ 24,397 $ 18,228 $ 43,528 $ 33,196 Corporate: Net operating revenues $ 112 $ 136 $ 239 $ 193 Operating loss $ (16,823 ) $ (93,229 ) $ (31,934 ) $ (101,508 ) Total Reportable Segments Net operating revenues $ 456,802 $ 375,626 $ 896,994 $ 578,019 Operating income (loss) $ 77,414 $ (30,467 ) $ 131,608 $ (16,439 ) Reconciliations to consolidated net income (loss): Operating income (loss) $ 77,414 $ (30,467 ) $ 131,608 $ (16,439 ) Unallocated income and expenses: Interest expense, net (31,405 ) (27,527 ) (62,494 ) (40,197 ) Loss on early retirement of debt, net — (27,317 ) (162 ) (27,317 ) (Provision) benefit for income taxes (9,213 ) 39,121 (11,301 ) 38,708 Net income (loss) $ 36,796 $ (46,190 ) $ 57,651 $ (45,245 ) Six Months Ended June 30, 2018 2017 (in thousands, unaudited) Capital Expenditures West $ 29,080 $ 18,632 Midwest 9,384 1,763 South 7,083 1,646 East 6,008 4,048 Corporate 3,626 3,735 Total $ 55,181 $ 29,824 West Midwest South East Corporate, Other & Eliminations Total Balance sheet as of June 30, 2018 (unaudited) (in thousands) Total assets $ 1,300,315 $ 1,215,157 $ 814,364 $ 1,209,463 $ (939,553 ) $ 3,599,746 Goodwill 152,761 322,745 180,044 63,704 — 719,254 Balance sheet as of December 31, 2017 Total assets $ 1,278,062 $ 1,188,758 $ 804,318 $ 1,185,806 $ (910,472 ) $ 3,546,472 Goodwill 152,775 327,088 200,417 66,826 — 747,106

Consolidating Condensed Financi

Consolidating Condensed Financial Information	6 Months Ended
	Jun. 30, 2018
Condensed Consolidating Financial Information [Abstract]
Consolidating Condensed Financial Information	Note 14. Consolidating Condensed Financial Information Certain of our wholly-owned subsidiaries have fully and unconditionally guaranteed on a joint and several basis, the payment of all obligations under our 7% Senior Notes, 6% Senior Notes and Credit Facility. The following wholly-owned subsidiaries of the Company are guarantors, on a joint and several basis, under the 7% Senior Notes, 6% Senior Notes and Credit Facility: Isle of Capri Casinos LLC; Eldorado Holdco LLC; Eldorado Resorts LLC; Eldorado Shreveport 1 LLC; Eldorado Shreveport 2 LLC; Eldorado Casino Shreveport Joint Venture; MTR Gaming Group Inc.; Mountaineer Park Inc.; Presque Isle Downs Inc.; Scioto Downs Inc.; Eldorado Limited Liability Company; Circus and Eldorado Joint Venture, LLC; CC Reno LLC; CCR Newco LLC; Black Hawk Holdings, L.L.C.; IC Holdings Colorado, Inc.; CCSC/Blackhawk, Inc.; IOC-Black Hawk Distribution Company, LLC; IOC-Black Hawk County, Inc.; Isle of Capri Bettendorf, L.C.; PPI, Inc.; Pompano Park Holdings LLC; IOC-Lula, Inc.; IOC-Kansas City, Inc.; IOC-Boonville, Inc.; IOC-Caruthersville, LLC; IOC Cape Girardeau, LLC; IOC-Vicksburg, Inc.; IOC-Vicksburg, L.L.C.; Rainbow Casino-Vicksburg Partnership, L.P.; IOC Holdings L.L.C.; St. Charles Gaming Company, L.L.C.; Elgin Riverboat Resort-Riverboat Casino; Elgin Holdings I LLC; Elgin Holdings II LLC, PPI Development Holdings LLC; and PPI Development LLC. Each of the subsidiaries’ guarantees is joint and several with the guarantees of the other subsidiaries. The consolidating condensed balance sheet as of June 30, 2018 is as follows: Balance Sheet Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Eliminating Entries Eldorado Resorts, Inc. Consolidated (in thousands, unaudited) Current assets $ 100,202 $ 378,207 $ 26,994 $ — $ 505,403 Intercompany receivables 145,580 — 33,680 (179,260 ) — Investments in subsidiaries 2,541,456 — — (2,541,456 ) — Property and equipment, net 13,659 1,378,375 8,054 — 1,400,088 Other assets 49,707 1,655,020 22,847 (33,319 ) 1,694,255 Total assets $ 2,850,604 $ 3,411,602 $ 91,575 $ (2,754,035 ) $ 3,599,746 Current liabilities $ 34,402 $ 156,325 $ 26,965 $ — $ 217,692 Intercompany payables — 154,260 25,000 (179,260 ) — Long-term debt, less current maturities 1,815,523 375,000 226 — 2,190,749 Deferred income tax liabilities — 209,926 — (33,319 ) 176,607 Other accrued liabilities 4,035 11,160 2,780 — 17,975 Stockholders’ equity 996,644 2,504,931 36,604 (2,541,456 ) 996,723 Total liabilities and stockholders’ equity $ 2,850,604 $ 3,411,602 $ 91,575 $ (2,754,035 ) $ 3,599,746 The consolidating condensed balance sheet as of December 31, 2017 is as follows: Balance Sheet Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Eliminating Entries Eldorado Resorts, Inc. Consolidated (in thousands) Current assets $ 27,572 $ 201,321 $ 22,139 $ — $ 251,032 Intercompany receivables 274,148 — 34,492 (308,640 ) — Investments in subsidiaries 2,437,287 — — (2,437,287 ) — Property and equipment, net 12,042 1,483,473 7,302 — 1,502,817 Other assets 37,458 1,764,291 27,283 (36,409 ) 1,792,623 Total assets $ 2,788,507 $ 3,449,085 $ 91,216 $ (2,782,336 ) $ 3,546,472 Current liabilities $ 28,676 $ 169,348 $ 25,726 $ — $ 223,750 Intercompany payables — 283,640 25,000 (308,640 ) — Long-term debt, less current maturities 1,814,185 375,000 393 — 2,189,578 Deferred income tax liabilities — 199,376 — (36,409 ) 162,967 Other accrued liabilities 4,127 19,624 4,828 — 28,579 Stockholders’ equity 941,519 2,402,097 35,269 (2,437,287 ) 941,598 Total liabilities and stockholders’ equity $ 2,788,507 $ 3,449,085 $ 91,216 $ (2,782,336 ) $ 3,546,472 The consolidating condensed statement of operations for the three months ended June 30, 2018 is as follows: Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Eliminating Entries Eldorado Resorts, Inc. Consolidated (in thousands, unaudited) Revenues: Gaming and pari-mutuel commissions $ — $ 340,960 $ 7,760 $ — $ 348,720 Non-gaming — 105,555 2,527 — 108,082 Net revenues — 446,515 10,287 — 456,802 Operating expenses: Gaming and pari-mutuel commissions — 164,837 5,108 — 169,945 Non-gaming — 66,092 683 — 66,775 Marketing and promotions — 21,421 411 — 21,832 General and administrative — 71,872 1,873 — 73,745 Corporate 11,259 335 638 — 12,232 Impairment charges — — — — — Management fee (7,030 ) 7,030 — — — Depreciation and amortization 950 30,798 162 — 31,910 Total operating expenses 5,179 362,385 8,875 — 376,439 Gain on sale of asset or disposal of property and equipment — 421 2 — 423 Transaction expenses (3,335 ) (69 ) — — (3,404 ) Equity in income of unconsolidated affiliate — 32 — — 32 Operating (loss) income (8,514 ) 84,514 1,414 — 77,414 Interest expense, net (25,075 ) (5,919 ) (411 ) — (31,405 ) Loss on early retirement of debt, net — — — — — Subsidiary income (loss) 60,771 — — (60,771 ) — Income (loss) before income taxes 27,182 78,595 1,003 (60,771 ) 46,009 Income tax benefit (provision) 9,614 (18,438 ) (389 ) — (9,213 ) Net income (loss) $ 36,796 $ 60,157 $ 614 $ (60,771 ) $ 36,796 The consolidating condensed statement of operations for the three months ended June 30, 2017 is as follows: Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Eliminating Entries Eldorado Resorts, Inc. Consolidated (in thousands, unaudited) Revenues: Gaming and pari-mutuel commissions $ — $ 274,023 $ 5,682 $ — $ 279,705 Non-gaming — 94,023 1,898 — 95,921 Net revenues — 368,046 7,580 — 375,626 Operating expenses: Gaming and pari-mutuel commissions — 139,891 3,846 — 143,737 Non-gaming — 61,325 649 — 61,974 Marketing and promotions — 20,893 638 — 21,531 General and administrative — 59,637 1,250 — 60,887 Corporate 6,974 (328 ) 796 — 7,442 Management fee (6,974 ) 6,774 200 — — Depreciation and amortization 183 24,637 89 — 24,909 Total operating expenses 183 312,829 7,468 — 320,480 (Loss) gain on sale of asset or disposal of property and equipment (21 ) (68 ) — — (89 ) Transaction expenses (67,559 ) (17,905 ) — — (85,464 ) Equity in loss of unconsolidated affiliate — (60 ) — — (60 ) Operating (loss) income (67,763 ) 37,184 112 — (30,467 ) Interest expense, net (20,905 ) (6,344 ) (278 ) — (27,527 ) Loss on early retirement of debt, net (27,317 ) — — — (27,317 ) Subsidiary income (loss) 16,401 — — (16,401 ) — (Loss) income before income taxes (99,584 ) 30,840 (166 ) (16,401 ) (85,311 ) Income tax benefit (provision) 53,394 (14,364 ) 91 — 39,121 Net (loss) income $ (46,190 ) $ 16,476 $ (75 ) $ (16,401 ) $ (46,190 ) The consolidating condensed statement of operations for the six months ended June 30, 2018 is as follows: Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Eliminating Entries Eldorado Resorts, Inc. Consolidated (in thousands, unaudited) Revenues: Gaming and pari-mutuel commissions $ — $ 676,753 $ 15,495 $ — $ 692,248 Non-gaming — 199,578 5,168 — 204,746 Net revenues — 876,331 20,663 — 896,994 Operating expenses: Gaming and pari-mutuel commissions — 329,140 10,356 — 339,496 Non-gaming — 130,067 1,395 — 131,462 Marketing and promotions — 42,256 877 — 43,133 General and administrative — 144,299 3,648 — 147,947 Corporate 21,553 657 1,591 — 23,801 Impairment charges — 9,815 — — 9,815 Management fee (12,167 ) 12,167 — — — Depreciation and amortization 1,723 61,398 323 — 63,444 Total operating expenses 11,109 729,799 18,190 — 759,098 (Loss) gain on sale of asset or disposal of property and equipment — (285 ) 2 — (283 ) Transaction expenses (5,453 ) (499 ) — — (5,952 ) Equity in loss of unconsolidated affiliate — (53 ) — — (53 ) Operating (loss) income (16,562 ) 145,695 2,475 — 131,608 Interest expense, net (49,345 ) (12,205 ) (944 ) — (62,494 ) Loss on early retirement of debt, net (162 ) — — — (162 ) Subsidiary income (loss) 104,076 — — (104,076 ) — Income (loss) before income taxes 38,007 133,490 1,531 (104,076 ) 68,952 Income tax benefit (provision) 19,644 (30,741 ) (204 ) — (11,301 ) Net income (loss) $ 57,651 $ 102,749 $ 1,327 $ (104,076 ) $ 57,651 The consolidating condensed statement of operations for the six months ended June 30, 2017 is as follows: Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Eliminating Entries Eldorado Resorts, Inc. Consolidated (in thousands, unaudited) Revenues: Gaming and pari-mutuel commissions $ — $ 416,208 $ 5,687 $ — $ 421,895 Non-gaming — 154,168 1,956 — 156,124 Net revenues — 570,376 7,643 — 578,019 Operating expenses: Gaming and pari-mutuel commissions — 221,079 3,846 — 224,925 Non-gaming — 102,591 649 — 103,240 Marketing and promotions — 31,018 642 — 31,660 General and administrative — 91,437 1,250 — 92,687 Corporate 13,548 (328 ) 796 — 14,016 Management fee (13,548 ) 13,348 200 — — Depreciation and amortization 332 40,092 89 — 40,513 Total operating expenses 332 499,237 7,472 — 507,041 Loss on sale of asset or disposal of property and equipment (21 ) (36 ) — — (57 ) Transaction expenses (69,173 ) (17,905 ) — — (87,078 ) Equity in loss of unconsolidated affiliate — (282 ) — — (282 ) Operating (loss) income (69,526 ) 52,916 171 — (16,439 ) Interest expense, net (26,994 ) (12,925 ) (278 ) — (40,197 ) Loss on early retirement of debt, net (27,317 ) — — — (27,317 ) Subsidiary income (loss) 25,656 — — (25,656 ) — (Loss) income before income taxes (98,181 ) 39,991 (107 ) (25,656 ) (83,953 ) Income tax benefit (provision) 52,936 (14,319 ) 91 — 38,708 Net (loss) income $ (45,245 ) $ 25,672 $ (16 ) $ (25,656 ) $ (45,245 ) The consolidating condensed statement of cash flows for the six months ended June 30, 2018 is as follows: Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Entries Eldorado Resorts, Inc. Consolidated (in thousands, unaudited) Net cash (used in) provided by operating activities $ (34,171 ) $ 179,830 $ 2,845 $ — $ 148,504 INVESTING ACTIVITIES: Purchase of property and equipment, net (2,246 ) (51,862 ) (1,073 ) — (55,181 ) Proceeds from sale of property and equipment — 840 — — 840 Deposit on acquisitions (15,000 ) — — — (15,000 ) Net cash used in investing activities (17,246 ) (51,022 ) (1,073 ) — (69,341 ) FINANCING ACTIVITIES: Net proceeds from (payments to) related parties 128,564 (128,034 ) (530 ) — — Payments on other long-term payables (44 ) (157 ) (143 ) — (344 ) Debt issuance costs (305 ) — — — (305 ) Taxes paid related to net share settlement of equity awards (9,677 ) — — — (9,677 ) Net cash provided by (used in) financing activities 118,538 (128,191 ) (673 ) — (10,326 ) Increase in cash, cash equivalents and restricted cash 67,121 617 1,099 — 68,837 Cash, cash equivalents and restricted cash, beginning of period 13,836 118,483 15,430 — 147,749 Cash, cash equivalents and restricted cash, end of period $ 80,957 $ 119,100 $ 16,529 $ — $ 216,586 RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO AMOUNTS REPORTED WITHIN THE CONDENSED CONSOLIDATED BALANCE SHEETS: Cash and cash equivalents $ 80,240 $ 114,283 $ 7,493 $ — $ 202,016 Restricted cash 717 3,817 149 — 4,683 Restricted cash included in other noncurrent assets — 1,000 8,887 — 9,887 Total cash, cash equivalents and restricted cash $ 80,957 $ 119,100 $ 16,529 $ — $ 216,586 The consolidating condensed statement of cash flows for the six months ended June 30, 2017 is as follows: Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Eliminating Entries Eldorado Resorts, Inc. Consolidated (in thousands, unaudited) Net cash (used in) provided by operating activities $ (82,624 ) $ 79,645 $ 6,022 $ — $ 3,043 INVESTING ACTIVITIES: Purchase of property and equipment, net (3,273 ) (26,536 ) (15 ) — (29,824 ) Net cash used in business combinations (1,313,051 ) — — — (1,313,051 ) Net cash used in investing activities (1,316,324 ) (26,536 ) (15 ) — (1,342,875 ) FINANCING ACTIVITIES: Proceeds from issuance of Term Loan 1,450,000 — — — 1,450,000 Proceeds from issuance of 6% Senior Notes 375,000 — — — 375,000 Borrowings under Revolving Credit Facility 189,953 — — — 189,953 Payments under Term Loan (422,250 ) — — — (422,250 ) Payments under Revolving Credit Facility (128,953 ) — — — (128,953 ) Net (payments to) proceeds from related parties (4,167 ) (3,283 ) 7,450 — — Payments on other long-term payables — (169 ) (41 ) — (210 ) Debt issuance costs (44,992 ) — — — (44,992 ) Taxes paid related to net share settlement of equity awards (8,993 ) — — — (8,993 ) Proceeds from exercise of stock options 2,898 — — — 2,898 Net cash provided by (used in) financing activities 1,408,496 (3,452 ) 7,409 — 1,412,453 Increase in cash, cash equivalents and restricted cash 9,548 49,657 13,416 — 72,621 Cash, cash equivalents and restricted cash, beginning of period 1,410 61,702 332 — 63,444 Cash, cash equivalents and restricted cash, end of period $ 10,958 $ 111,359 $ 13,748 $ — $ 136,065 RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO AMOUNTS REPORTED WITHIN THE CONDENSED CONSOLIDATED BALANCE SHEETS: Cash and cash equivalents $ 10,280 $ 88,439 $ 4,905 $ — $ 103,624 Restricted cash 678 21,920 (32 ) — 22,566 Restricted cash included in other noncurrent assets — 1,000 8,875 — 9,875 Total cash, cash equivalents and restricted cash $ 10,958 $ 111,359 $ 13,748 $ — $ 136,065

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Isle Acquisition and Final Purchase Price Accounting	Note 15. Acquisitions Grand Victoria Casino On April 16, 2018, the Company announced that it entered into a definitive agreement to acquire the Grand Victoria Casino in Elgin, Illinois for $327.5 million in cash, subject to a customary working capital adjustment (the “Grand Victoria Acquisition”). The transaction closed on August 7, 2018 and was funded using cash from our ongoing operations and borrowings under our revolving credit facility. The Company is in the preliminary phase of determining the fair value of the assets and liabilities assumed and as of the filing date cannot estimate the financial impact of the acquisition. Transaction expenses attributed to the Grand Victoria Acquisition for the three and six months ended June 30, 2018 totaled $0.7 million and $1.3 million, respectively. As of June 30, 2018, $0.1 million of accrued costs and expenses related to the Grand Victoria are included in accrued other liabilities. Tropicana Entertainment Inc. Also on April 16, 2018, the Company announced that it entered into a definitive agreement to acquire Tropicana Entertainment Inc. (“Tropicana”) in a cash transaction valued at $1.85 billion. The definitive agreement provides that Gaming and Leisure Properties (“GLPI”) will pay $1.21 billion, excluding taxes and expenses, for substantially all of Tropicana’s real estate, will enter into a master lease with the Company for the acquired real estate, and the Company will fund the remaining $640 million of cash consideration payable in the acquisition (the “Tropicana Acquisition” and, together with the Elgin Acquisition, the “Acquisitions”). Pursuant to the transaction, GLPI is expected to acquire the real estate associated with the Tropicana property portfolio, except the MontBleu Casino Resort & Spa in South Lake Tahoe and the Tropicana Aruba Resort and Casino. Following the acquisition of the real estate portfolio by GLPI, the Company will enter into a triple net master lease for the acquired properties with an initial term of 15 years, with renewals of up to 20 years at the Company’s option. The initial annual rent under the terms of the lease is expected to be approximately $110 million. Tropicana intends to dispose of Tropicana Aruba Resort and Casino prior to closing. The Company intends to fund the consideration of approximately $640 million payable by the Company in the Tropicana Acquisition and repay debt outstanding under Tropicana’s credit facility with cash generated from our current operations, proceeds from pending asset sales, Tropicana’s cash on hand, cash flow generated from Tropicana operations through closing and $600 million of committed debt financing. In addition, the Company has obtained commitments to increase its revolving credit facility from $300 million to $500 million effective substantially concurrently with the consummation of the Tropicana Acquisition and extend the maturity of the revolving credit facility to the fifth anniversary of the effective date of such increase. The transaction is expected to close in the fourth quarter of 2018. Transaction expenses attributed to the Tropicana Acquisition for the three and six months ended June 30, 2018 totaled $2.5 million and $3.5 million, respectively. As of June 30, 2018, $0.1 million of accrued costs and expenses related to the Tropicana Acquisition are included in accrued other liabilities.

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Reclassifications	Reclassifications Certain reclassifications of prior year presentations have been made to conform to the current period presentation.
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments, all of which are normal and recurring, considered necessary for a fair presentation and have been included herein. The results of operations for these interim periods are not necessarily indicative of the operating results for other quarters, for the full year or any future period. The financial information included for periods prior to our acquisition of Isle are those of ERI and its subsidiaries. The presentation of information herein for periods prior to our acquisition of Isle and after our acquisition of Isle are not fully comparable because the results of operations for Isle are not included for periods prior to our acquisition of Isle. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017.
Recently Issued Accounting Pronouncements – New Developments and Adoptions of New Accounting Standards	Recently Issued Accounting Pronouncements – New Developments and Adoptions of New Accounting Standards In May 2014 (amended January 2017), the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers,” (ASC Topic 606) which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and eliminates existing industry guidance, including revenue recognition guidance specific to the gaming industry. The core principle of the revenue model indicates that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We adopted this standard effective January 1, 2018, and elected to apply the full retrospective adoption method. The most significant impacts of the adoption are summarized below in Note 2. In November 2016, ASU No. 2016-18 was issued related to the inclusion of restricted cash in the statement of cash flows. This new guidance requires that a statement of cash flows present the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalent. This update is effective in fiscal years, including interim periods, beginning after December 15, 2017. The Company retrospectively adopted this guidance on December 31, 2017. Upon adoption, the Company included a reconciliation of Cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets to the total shown in the Consolidated Statements of Cash Flows. Adoptions of this guidance had no other impact on the Consolidated Financial Statements or disclosures. Certain amounts have been retrospectively reclassified for the three and six months ended June 30, 2017 to conform to the current period presentation and reflect the change in the Company’s Consolidated Statements of Cash Flows required with the adoption of ASU No. 2016-15. In January 2017, the FASB issued ASU No. 2017-01, “Business Combinations – Clarifying the Definition of a Business.” This amendment is intended to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisition (or disposals) of assets or businesses. Amendments in this update provide a more robust framework to use in determining when a set of assets and activities is a business and to provide more consistency in applying the guidance, reduce the costs of application, and make the definition of a business more operable. The amendments are effective for interim and annual periods beginning after December 15, 2017, with early adoption allowed as follows: (1) transactions for which acquisition date occurs before the issuance date or effective date of the amendments, only when the transaction has not been reported in financial statements that have been issued or made available for issuance and (2) transactions in which a subsidiary is deconsolidated or a group of assets is derecognized that occur before the issuance date or effective date of the amendments, only when the transaction has not been reported in financial statements that have been issued or made available for issuance. We adopted this accounting standard during the first quarter of 2018, which did not have an impact on our consolidated financial statements, and will result in future acquisitions which do not involve substantive processes being accounted for as asset acquisitions. In February 2016, the FASB issued ASU No. 2016-02 which addresses the recognition and measurement of leases. Under the new guidance, for all leases (with the exception of short-term leases), at the commencement date, lessees will be required to recognize a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis, and a right-of-use (“ROU”) asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Further, the new lease guidance simplifies the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and liabilities, which no longer provides a source for off balance sheet financing. The effective date for this update is for the annual and interim periods beginning after December 15, 2018 with early adoption permitted. Lessees and lessors must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the consolidated financial statements. Currently, we do not have any material capital leases nor any material operating leases where we are the lessor. Our operating leases, primarily relating to certain ground leases and slot machines or VLTs, will be recorded on the balance sheet as an ROU asset with a corresponding lease liability, which will be amortized using the effective interest rate method as payments are made. The ROU asset will be depreciated on a straight-line basis and recognized as lease expense. The qualitative and quantitative effects of adoption of ASU 2016-02 are still being analyzed, and we are in the process of evaluating the full effect the new guidance will have on our consolidated financial statements.

Revenue Recognition (Tables)

Revenue Recognition (Tables) - Adoption of ASC Topic 606	6 Months Ended
	Jun. 30, 2018
Disaggregation Of Revenue [Line Items]
Schedule of Impact of Adoption New Standard to Previously reported Selected Financial Statement Information	Adoption of the new standard did not have a significant impact on our previously reported net revenue, expenses, operating income, and net income. The impact of adoption of the new standard to previously reported selected financial statement information was as follows (in thousands): Three Months Ended June 30, 2017 As Reported ASC 606 Adjustments Other Reclassifications (1) As Adjusted Gross revenues $ 389,237 $ (31,215 ) $ 17,604 $ 375,626 Promotional allowances (34,057 ) 33,226 831 — Net revenues $ 355,180 $ 2,011 $ 18,435 $ 375,626 Operating (loss) income $ (32,116 ) $ 110 $ 1,539 $ (30,467 ) Net (loss) income $ (46,328 ) $ 138 $ — $ (46,190 ) Six Months Ended June 30, 2017 As Reported ASC 606 Adjustments Other Reclassifications (1) As Adjusted Gross revenues $ 608,783 $ (48,235 ) $ 17,471 $ 578,019 Promotional allowances (52,678 ) 51,713 965 — Net revenues $ 556,105 $ 3,478 $ 18,436 $ 578,019 Operating (loss) income $ (17,967 ) $ (11 ) $ 1,539 $ (16,439 ) Net (loss) income $ (45,307 ) $ 62 $ — $ (45,245 ) (1) Other reclassifications are comprised of the reversal of our Lake Charles property from discontinued operations and other reclassifications to conform to current period presentations.
Summary of Net Revenues Disaggregated Type of Revenue and Reportable Segment	The Company’s consolidated statement of operations presents net revenue disaggregated by type or nature of the good or service (i.e., casino, pari-mutuel, food and beverage, hotel and other). A summary of net revenues disaggregated by type of revenue and reportable segment is presented below (amounts in thousands). Refer to Note 13 for a discussion of the Company’s reportable segments. Three Months Ended June 30, 2018 West Midwest South East Corporate and Other Total Casino $ 57,696 $ 87,448 $ 88,994 $ 109,537 $ — $ 343,675 Pari-mutuel commissions — — 2,590 2,455 — 5,045 Food and beverage 25,812 6,744 12,583 9,154 — 54,293 Hotel 26,222 4,418 6,301 1,985 — 38,926 Other 8,150 1,997 1,774 2,830 112 14,863 Net revenues $ 117,880 $ 100,607 $ 112,242 $ 125,961 $ 112 $ 456,802 Three Months Ended June 30, 2017 West Midwest South East Corporate and Other Total Casino $ 45,229 $ 57,987 $ 69,001 $ 103,376 $ — $ 275,593 Pari-mutuel commissions — — 1,504 2,608 — 4,112 Food and beverage 25,002 5,035 10,828 8,844 — 49,709 Hotel 23,207 3,454 5,575 2,042 — 34,278 Other 6,314 1,165 1,551 2,768 136 11,934 Net revenues $ 99,752 $ 67,641 $ 88,459 $ 119,638 $ 136 $ 375,626 Six Months Ended June 30, 2018 West Midwest South East Corporate and Other Total Casino $ 107,430 $ 175,807 $ 186,503 $ 213,393 $ — $ 683,133 Pari-mutuel commissions — — 5,999 3,116 — 9,115 Food and beverage 49,023 13,660 26,444 17,364 — 106,491 Hotel 45,652 8,056 12,292 3,667 — 69,667 Other 15,354 3,879 3,804 5,312 239 28,588 Net revenues $ 217,459 $ 201,402 $ 235,042 $ 242,852 $ 239 $ 896,994 Six Months Ended June 30, 2017 West Midwest South East Corporate and Other Total Casino $ 69,062 $ 57,987 $ 92,169 $ 197,929 $ — $ 417,147 Pari-mutuel commissions — — 1,505 3,243 — 4,748 Food and beverage 44,494 5,035 16,561 16,040 — 82,130 Hotel 37,858 3,454 8,500 3,771 — 53,583 Other 11,826 1,165 2,284 4,943 193 20,411 Net revenues $ 163,240 $ 67,641 $ 121,019 $ 225,926 $ 193 $ 578,019

Isle Acquisition and Final Pu25

Isle Acquisition and Final Purchase Price Accounting (Tables)	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Schedule of Purchase Consideration Calculation	Purchase consideration calculation (dollars in thousands, except shares and stock price) Shares Per share Cash paid for outstanding Isle common stock (1) $ 552,050 Shares of ERI common stock issued for Isle common stock (2) 28,468,182 $ 19.12 544,312 Cash paid by ERI to retire Isle's long-term debt (3) 828,000 Shares of ERI common stock for Isle equity awards (4) 10,383 Purchase consideration $ 1,934,745 (1) The cash component of the consideration represents 58% of the aggregate consideration paid in the Isle Acquisition. The Merger Agreement provided that Isle stockholders could elect to exchange each share of Isle common stock for either $23.00 in cash or 1.638 shares of ERI common stock, subject to proration such that the outstanding shares of Isle common stock will be exchanged for aggregate consideration comprised of 58% cash and 42% ERI common stock. See discussion of Stock Consideration component in note (2) below. (2) The Stock Consideration component of the consideration represents 42% of the aggregate consideration paid in the Isle Acquisition. The Merger Agreement provided that 58% of the aggregate consideration would be paid by ERI in cash, as described in note (1) above. The remaining 42% of the aggregate consideration was paid in shares of ERI common stock. The total Stock Consideration and per share consideration above were based on the ERI stock price on April 28, 2017 (the last business day prior to Isle Acquisition Date) which was $19.12 per share. (3) In addition to the cash paid to retire the principal amounts outstanding of Isle’s long-term debt, ERI paid $26.6 million in premiums and interest. (4) This amount represents consideration paid for the replacement of Isle’s outstanding equity awards. As discussed in Note 1, Isle’s outstanding equity awards were replaced by ERI equity awards with similar terms. A portion of the fair value of ERI awards issued represents consideration transferred, while a portion represents compensation expense based on the vesting terms of the equity awards.
Summary of the Preliminary Accounting of the Purchase Consideration to the Identifiable Assets Acquired and Liabilities Assumed	The following table summarizes the final purchase accounting of the purchase consideration to the identifiable Current and other assets, net $ 135,925 Property and equipment 908,816 Goodwill 709,087 Intangible assets (i) 517,470 Other noncurrent assets 15,082 Total assets 2,286,380 Current liabilities (144,306 ) Deferred income taxes (ii) (189,952 ) Other noncurrent liabilities (17,377 ) Total liabilities (351,635 ) Net assets acquired $ 1,934,745 (i) Intangible assets consist of gaming licenses, trade names, and player relationships. (ii) Deferred tax liabilities were derived based on fair value adjustments for property and equipment and identified intangibles.
Schedule of Unaudited Pro Forma Information	The following unaudited pro forma information presents the results of operations of the Company for the three and six months ended June 30, 2017, as if the Isle Acquisition had occurred on January 1, 2017 (in thousands). Three Months Ended Six Months Ended June 30, 2017 June 30, 2017 Net operating revenues $ 458,106 $ 906,588 Net income (loss) 11,628 (15,176 )

Assets Held for Sale (Tables)

Assets Held for Sale (Tables)	6 Months Ended
	Jun. 30, 2018
Discontinued Operations And Disposal Groups [Abstract]
Schedule of Assets and Liabilities Held for Sale	The assets and liabilities held for sale were as follows (in thousands): June 30, 2018 Vicksburg Presque Isle Downs Total Assets: Accounts receivable, net $ 100 $ 2,529 $ 2,629 Inventories 252 1,574 1,826 Prepaid expenses and other 275 992 1,267 Property and equipment, net 35,852 69,558 105,410 Goodwill 8,806 3,122 11,928 Other intangibles, net 2,720 75,422 78,142 Assets held for sale $ 48,005 $ 153,197 $ 201,202 Liabilities: Accounts payable $ 175 $ 756 $ 931 Accrued payroll and related 300 636 936 Accrued property and other taxes — 78 78 Accrued other liabilities 379 3,493 3,872 Liabilities related to assets held for sale $ 854 $ 4,963 $ 5,817

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2018
Share Based Compensation [Abstract]
Schedule of Share-based Compensation, Restricted Stock Units and Restricted Stock Awards Activity	A summary of the RSU and RSA activity for the six months ended June 30, 2018 is presented in the following table: Restricted Stock Units Restricted Stock Awards Units Weighted- Average Grant Date Fair Value Units Weighted- Average Grant Date Fair Value (in millions) (in millions) Unvested outstanding as of December 31, 2017 1,579,499 $ 12.25 10,809 $ 19.13 Granted 316,431 32.91 — — Vested (783,672 ) 8.05 (10,809 ) 19.13 Canceled (9,885 ) 19.13 — — Unvested outstanding as of June 30, 2018 1,102,373 $ 21.11 — $ —
Schedule of Share-based Compensation, Stock Options Activity	A summary of the ERI Stock Option activity for the six months ended June 30, 2018 is presented in the following table: Weighted- Average Exercise Options Price Outstanding as of December 31, 2017 271,852 $ 9.63 Expired (15,776 ) 10.89 Exercised (103,120 ) 9.09 Outstanding as of June 30, 2018 152,956 $ 9.63

Other and Intangible Assets, 28

Other and Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2018
Other And Intangible Assets Net Disclosure [Abstract]
Schedule of Other and Intangible Assets, Net	Other and intangible assets, net, include the following amounts (in thousands): June 30, December 31, 2018 2017 Useful Life (unaudited) Goodwill $ 719,254 $ 747,106 Indefinite Gaming licenses $ 801,774 $ 877,174 Indefinite Trade names 105,550 108,250 Indefinite Trade names 5,100 6,700 1 - 3.5 years Loyalty programs 20,193 21,820 1 - 3 years Subtotal 932,617 1,013,944 Accumulated amortization trade names (5,100 ) (6,290 ) Accumulated amortization loyalty programs (11,581 ) (10,838 ) Total gaming licenses and other intangible assets $ 915,936 $ 996,816 Non-operating real property $ 14,030 $ 18,069 Unamortized debt issuance costs - Revolving Credit Facility $ 7,613 $ 8,616 Restricted cash 9,887 9,886 Other 27,535 12,130 Total other assets, net $ 45,035 $ 30,632

Long-Term Debt and Other Long29

Long-Term Debt and Other Long-Term Liabilities (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Summary of Long-term Debt	Long‑term debt consisted of the following (in thousands): June 30, December 31, 2018 2017 (unaudited) Term Loan $ 956,750 $ 956,750 Less: Unamortized discount and debt issuance costs (17,487 ) (18,748 ) Net 939,263 938,002 6% Senior Notes 875,000 875,000 Plus: Unamortized debt premium 25,068 26,605 Less: Unamortized debt issuance costs (19,580 ) (20,716 ) Net 880,488 880,889 7% Senior Notes 375,000 375,000 Less: Unamortized discount and debt issuance costs (6,620 ) (7,146 ) Net 368,380 367,854 Capital leases 617 917 Long-term notes payable 2,487 2,531 Less: Current portion (486 ) (615 ) Total long-term debt $ 2,190,749 $ 2,189,578

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on a Recurring Basis	Items Measured at Fair Value on a Recurring Basis : The following table sets forth the assets measured at fair value on a recurring basis, by input level, in the consolidated balance sheets at June 30, 2018 and December 31, 2017 (amounts in thousands): June 30, 2018 Assets: Level 1 Level 2 Total Restricted cash and investments $ 10,753 $ 3,817 $ 14,570 Marketable securities 9,512 7,554 17,066 December 31, 2017 Assets: Level 1 Level 2 Total Restricted cash and investments $ 9,055 $ 4,098 $ 13,153 Marketable securities 7,906 9,725 17,631
Schedule of estimated fair value of financial instruments	The estimated fair values of the Company’s financial instruments are as follows (amounts in thousands): June 30, 2018 December 31, 2017 Carrying Fair Carrying Fair Amount Value Amount Value Financial liabilities: 7% Senior Notes $ 368,380 $ 393,750 $ 367,854 $ 400,800 6% Senior Notes 880,488 868,438 880,889 914,375 Term Loan 939,263 956,750 938,002 956,750 Other long-term debt 2,487 2,487 2,531 2,531 Capital leases 617 617 917 917

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share Basic And Diluted [Abstract]
Schedule of Reconciliation of the Numerators and Denominators of the Basic and Diluted Net Income Per Share Computations	The following table illustrates the reconciliation of the numerators and denominators of the basic and diluted net income per share computations for the three and six months ended June 30, 2018 and 2017 (dollars in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2018 2017 2018 2017 (unaudited) Net income (loss) available to common stockholders $ 36,796 $ (46,190 ) $ 57,651 $ (45,245 ) Shares outstanding: Weighted average shares outstanding – basic 77,458,584 67,453,095 77,406,447 57,405,834 Effect of dilutive securities: Stock options 131,148 N/A 142,027 N/A RSUs 668,897 N/A 621,155 N/A Weighted average shares outstanding – diluted (1) 78,258,629 67,453,095 78,169,629 57,405,834 Net income (loss) per common share attributable to common stockholders – basic: $ 0.48 $ (0.68 ) $ 0.74 $ (0.79 ) Net income (loss) per common share attributable to common stockholders – diluted: $ 0.47 $ (0.68 ) $ 0.74 $ (0.79 )

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Summary of Reportable Segment	The previously reported segments, Nevada, Louisiana, and Eastern, are now included in the West, South, and East segments, respectively, which are summarized as follows, along with the Midwest segment. Segment Property State West Eldorado Reno Nevada Silver Legacy Nevada Circus Reno Nevada Isle Black Hawk Colorado Lady Luck Black Hawk Colorado Midwest Waterloo Iowa Bettendorf Iowa Boonville Missouri Cape Girardeau Missouri Caruthersville Missouri Kansas City Missouri South Pompano Florida Eldorado Shreveport Louisiana Lake Charles Louisiana Lula Mississippi Vicksburg Mississippi East Presque Isle Downs Pennsylvania Nemacolin Pennsylvania Scioto Downs Ohio Mountaineer West Virginia
Schedule of Operating Data for Reportable Segments	The following table sets forth, for the periods indicated, certain operating data for our four reportable segments. Amounts related to pre-acquisition periods (prior to May 1, 2017) conform to prior presentation as the additional operating segments associated with the Isle Acquisition are incremental to the previously disclosed reportable segments. Three Months Ended Six months ended Ended June 30, Ended June 30, 2018 2017 2018 2017 (in thousands, unaudited) (in thousands, unaudited) Revenues and expenses West: Net operating revenues $ 117,880 $ 99,752 $ 217,459 $ 163,240 Operating income $ 21,865 $ 16,512 $ 32,004 $ 17,933 Midwest: Net operating revenues $ 100,607 $ 67,641 $ 201,402 $ 67,641 Operating income $ 27,411 $ 15,412 $ 54,087 $ 15,412 South: Net operating revenues $ 112,242 $ 88,459 $ 235,042 $ 121,019 Operating income $ 20,564 $ 12,610 $ 33,923 $ 18,528 East: Net operating revenues $ 125,961 $ 119,638 $ 242,852 $ 225,926 Operating income $ 24,397 $ 18,228 $ 43,528 $ 33,196 Corporate: Net operating revenues $ 112 $ 136 $ 239 $ 193 Operating loss $ (16,823 ) $ (93,229 ) $ (31,934 ) $ (101,508 ) Total Reportable Segments Net operating revenues $ 456,802 $ 375,626 $ 896,994 $ 578,019 Operating income (loss) $ 77,414 $ (30,467 ) $ 131,608 $ (16,439 ) Reconciliations to consolidated net income (loss): Operating income (loss) $ 77,414 $ (30,467 ) $ 131,608 $ (16,439 ) Unallocated income and expenses: Interest expense, net (31,405 ) (27,527 ) (62,494 ) (40,197 ) Loss on early retirement of debt, net — (27,317 ) (162 ) (27,317 ) (Provision) benefit for income taxes (9,213 ) 39,121 (11,301 ) 38,708 Net income (loss) $ 36,796 $ (46,190 ) $ 57,651 $ (45,245 )
Schedule of Capital Expenditures for Reportable Segments	Six Months Ended June 30, 2018 2017 (in thousands, unaudited) Capital Expenditures West $ 29,080 $ 18,632 Midwest 9,384 1,763 South 7,083 1,646 East 6,008 4,048 Corporate 3,626 3,735 Total $ 55,181 $ 29,824
Schedule of Balance Sheet Information for Reportable Segments	West Midwest South East Corporate, Other & Eliminations Total Balance sheet as of June 30, 2018 (unaudited) (in thousands) Total assets $ 1,300,315 $ 1,215,157 $ 814,364 $ 1,209,463 $ (939,553 ) $ 3,599,746 Goodwill 152,761 322,745 180,044 63,704 — 719,254 Balance sheet as of December 31, 2017 Total assets $ 1,278,062 $ 1,188,758 $ 804,318 $ 1,185,806 $ (910,472 ) $ 3,546,472 Goodwill 152,775 327,088 200,417 66,826 — 747,106

Consolidating Condensed Finan33

Consolidating Condensed Financial Information (Tables)	6 Months Ended
	Jun. 30, 2018
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Consolidating Condensed Balance Sheet	The consolidating condensed balance sheet as of June 30, 2018 is as follows: Balance Sheet Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Eliminating Entries Eldorado Resorts, Inc. Consolidated (in thousands, unaudited) Current assets $ 100,202 $ 378,207 $ 26,994 $ — $ 505,403 Intercompany receivables 145,580 — 33,680 (179,260 ) — Investments in subsidiaries 2,541,456 — — (2,541,456 ) — Property and equipment, net 13,659 1,378,375 8,054 — 1,400,088 Other assets 49,707 1,655,020 22,847 (33,319 ) 1,694,255 Total assets $ 2,850,604 $ 3,411,602 $ 91,575 $ (2,754,035 ) $ 3,599,746 Current liabilities $ 34,402 $ 156,325 $ 26,965 $ — $ 217,692 Intercompany payables — 154,260 25,000 (179,260 ) — Long-term debt, less current maturities 1,815,523 375,000 226 — 2,190,749 Deferred income tax liabilities — 209,926 — (33,319 ) 176,607 Other accrued liabilities 4,035 11,160 2,780 — 17,975 Stockholders’ equity 996,644 2,504,931 36,604 (2,541,456 ) 996,723 Total liabilities and stockholders’ equity $ 2,850,604 $ 3,411,602 $ 91,575 $ (2,754,035 ) $ 3,599,746 The consolidating condensed balance sheet as of December 31, 2017 is as follows: Balance Sheet Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Eliminating Entries Eldorado Resorts, Inc. Consolidated (in thousands) Current assets $ 27,572 $ 201,321 $ 22,139 $ — $ 251,032 Intercompany receivables 274,148 — 34,492 (308,640 ) — Investments in subsidiaries 2,437,287 — — (2,437,287 ) — Property and equipment, net 12,042 1,483,473 7,302 — 1,502,817 Other assets 37,458 1,764,291 27,283 (36,409 ) 1,792,623 Total assets $ 2,788,507 $ 3,449,085 $ 91,216 $ (2,782,336 ) $ 3,546,472 Current liabilities $ 28,676 $ 169,348 $ 25,726 $ — $ 223,750 Intercompany payables — 283,640 25,000 (308,640 ) — Long-term debt, less current maturities 1,814,185 375,000 393 — 2,189,578 Deferred income tax liabilities — 199,376 — (36,409 ) 162,967 Other accrued liabilities 4,127 19,624 4,828 — 28,579 Stockholders’ equity 941,519 2,402,097 35,269 (2,437,287 ) 941,598 Total liabilities and stockholders’ equity $ 2,788,507 $ 3,449,085 $ 91,216 $ (2,782,336 ) $ 3,546,472
Consolidating Condensed Statements of Operations	The consolidating condensed statement of operations for the three months ended June 30, 2018 is as follows: Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Eliminating Entries Eldorado Resorts, Inc. Consolidated (in thousands, unaudited) Revenues: Gaming and pari-mutuel commissions $ — $ 340,960 $ 7,760 $ — $ 348,720 Non-gaming — 105,555 2,527 — 108,082 Net revenues — 446,515 10,287 — 456,802 Operating expenses: Gaming and pari-mutuel commissions — 164,837 5,108 — 169,945 Non-gaming — 66,092 683 — 66,775 Marketing and promotions — 21,421 411 — 21,832 General and administrative — 71,872 1,873 — 73,745 Corporate 11,259 335 638 — 12,232 Impairment charges — — — — — Management fee (7,030 ) 7,030 — — — Depreciation and amortization 950 30,798 162 — 31,910 Total operating expenses 5,179 362,385 8,875 — 376,439 Gain on sale of asset or disposal of property and equipment — 421 2 — 423 Transaction expenses (3,335 ) (69 ) — — (3,404 ) Equity in income of unconsolidated affiliate — 32 — — 32 Operating (loss) income (8,514 ) 84,514 1,414 — 77,414 Interest expense, net (25,075 ) (5,919 ) (411 ) — (31,405 ) Loss on early retirement of debt, net — — — — — Subsidiary income (loss) 60,771 — — (60,771 ) — Income (loss) before income taxes 27,182 78,595 1,003 (60,771 ) 46,009 Income tax benefit (provision) 9,614 (18,438 ) (389 ) — (9,213 ) Net income (loss) $ 36,796 $ 60,157 $ 614 $ (60,771 ) $ 36,796 The consolidating condensed statement of operations for the three months ended June 30, 2017 is as follows: Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Eliminating Entries Eldorado Resorts, Inc. Consolidated (in thousands, unaudited) Revenues: Gaming and pari-mutuel commissions $ — $ 274,023 $ 5,682 $ — $ 279,705 Non-gaming — 94,023 1,898 — 95,921 Net revenues — 368,046 7,580 — 375,626 Operating expenses: Gaming and pari-mutuel commissions — 139,891 3,846 — 143,737 Non-gaming — 61,325 649 — 61,974 Marketing and promotions — 20,893 638 — 21,531 General and administrative — 59,637 1,250 — 60,887 Corporate 6,974 (328 ) 796 — 7,442 Management fee (6,974 ) 6,774 200 — — Depreciation and amortization 183 24,637 89 — 24,909 Total operating expenses 183 312,829 7,468 — 320,480 (Loss) gain on sale of asset or disposal of property and equipment (21 ) (68 ) — — (89 ) Transaction expenses (67,559 ) (17,905 ) — — (85,464 ) Equity in loss of unconsolidated affiliate — (60 ) — — (60 ) Operating (loss) income (67,763 ) 37,184 112 — (30,467 ) Interest expense, net (20,905 ) (6,344 ) (278 ) — (27,527 ) Loss on early retirement of debt, net (27,317 ) — — — (27,317 ) Subsidiary income (loss) 16,401 — — (16,401 ) — (Loss) income before income taxes (99,584 ) 30,840 (166 ) (16,401 ) (85,311 ) Income tax benefit (provision) 53,394 (14,364 ) 91 — 39,121 Net (loss) income $ (46,190 ) $ 16,476 $ (75 ) $ (16,401 ) $ (46,190 ) The consolidating condensed statement of operations for the six months ended June 30, 2018 is as follows: Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Eliminating Entries Eldorado Resorts, Inc. Consolidated (in thousands, unaudited) Revenues: Gaming and pari-mutuel commissions $ — $ 676,753 $ 15,495 $ — $ 692,248 Non-gaming — 199,578 5,168 — 204,746 Net revenues — 876,331 20,663 — 896,994 Operating expenses: Gaming and pari-mutuel commissions — 329,140 10,356 — 339,496 Non-gaming — 130,067 1,395 — 131,462 Marketing and promotions — 42,256 877 — 43,133 General and administrative — 144,299 3,648 — 147,947 Corporate 21,553 657 1,591 — 23,801 Impairment charges — 9,815 — — 9,815 Management fee (12,167 ) 12,167 — — — Depreciation and amortization 1,723 61,398 323 — 63,444 Total operating expenses 11,109 729,799 18,190 — 759,098 (Loss) gain on sale of asset or disposal of property and equipment — (285 ) 2 — (283 ) Transaction expenses (5,453 ) (499 ) — — (5,952 ) Equity in loss of unconsolidated affiliate — (53 ) — — (53 ) Operating (loss) income (16,562 ) 145,695 2,475 — 131,608 Interest expense, net (49,345 ) (12,205 ) (944 ) — (62,494 ) Loss on early retirement of debt, net (162 ) — — — (162 ) Subsidiary income (loss) 104,076 — — (104,076 ) — Income (loss) before income taxes 38,007 133,490 1,531 (104,076 ) 68,952 Income tax benefit (provision) 19,644 (30,741 ) (204 ) — (11,301 ) Net income (loss) $ 57,651 $ 102,749 $ 1,327 $ (104,076 ) $ 57,651 The consolidating condensed statement of operations for the six months ended June 30, 2017 is as follows: Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Eliminating Entries Eldorado Resorts, Inc. Consolidated (in thousands, unaudited) Revenues: Gaming and pari-mutuel commissions $ — $ 416,208 $ 5,687 $ — $ 421,895 Non-gaming — 154,168 1,956 — 156,124 Net revenues — 570,376 7,643 — 578,019 Operating expenses: Gaming and pari-mutuel commissions — 221,079 3,846 — 224,925 Non-gaming — 102,591 649 — 103,240 Marketing and promotions — 31,018 642 — 31,660 General and administrative — 91,437 1,250 — 92,687 Corporate 13,548 (328 ) 796 — 14,016 Management fee (13,548 ) 13,348 200 — — Depreciation and amortization 332 40,092 89 — 40,513 Total operating expenses 332 499,237 7,472 — 507,041 Loss on sale of asset or disposal of property and equipment (21 ) (36 ) — — (57 ) Transaction expenses (69,173 ) (17,905 ) — — (87,078 ) Equity in loss of unconsolidated affiliate — (282 ) — — (282 ) Operating (loss) income (69,526 ) 52,916 171 — (16,439 ) Interest expense, net (26,994 ) (12,925 ) (278 ) — (40,197 ) Loss on early retirement of debt, net (27,317 ) — — — (27,317 ) Subsidiary income (loss) 25,656 — — (25,656 ) — (Loss) income before income taxes (98,181 ) 39,991 (107 ) (25,656 ) (83,953 ) Income tax benefit (provision) 52,936 (14,319 ) 91 — 38,708 Net (loss) income $ (45,245 ) $ 25,672 $ (16 ) $ (25,656 ) $ (45,245 ) The consolidating condensed statement of operations for the six months ended June 30, 2017 is as follows: Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Eliminating Entries Eldorado Resorts, Inc. Consolidated (in thousands, unaudited) Revenues: Gaming and pari-mutuel commissions $ — $ 416,208 $ 5,687 $ — $ 421,895 Non-gaming — 154,168 1,956 — 156,124 Net revenues — 570,376 7,643 — 578,019 Operating expenses: Gaming and pari-mutuel commissions — 221,079 3,846 — 224,925 Non-gaming — 102,591 649 — 103,240 Marketing and promotions — 31,018 642 — 31,660 General and administrative — 91,437 1,250 — 92,687 Corporate 13,548 (328 ) 796 — 14,016 Management fee (13,548 ) 13,348 200 — — Depreciation and amortization 332 40,092 89 — 40,513 Total operating expenses 332 499,237 7,472 — 507,041 Loss on sale of asset or disposal of property and equipment (21 ) (36 ) — — (57 ) Transaction expenses (69,173 ) (17,905 ) — — (87,078 ) Equity in loss of unconsolidated affiliate — (282 ) — — (282 ) Operating (loss) income (69,526 ) 52,916 171 — (16,439 ) Interest expense, net (26,994 ) (12,925 ) (278 ) — (40,197 ) Loss on early retirement of debt, net (27,317 ) — — — (27,317 ) Subsidiary income (loss) 25,656 — — (25,656 ) — (Loss) income before income taxes (98,181 ) 39,991 (107 ) (25,656 ) (83,953 ) Income tax benefit (provision) 52,936 (14,319 ) 91 — 38,708 Net (loss) income $ (45,245 ) $ 25,672 $ (16 ) $ (25,656 ) $ (45,245 )
Consolidating Condensed Statement of Cash Flows	The consolidating condensed statement of cash flows for the six months ended June 30, 2018 is as follows: Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Entries Eldorado Resorts, Inc. Consolidated (in thousands, unaudited) Net cash (used in) provided by operating activities $ (34,171 ) $ 179,830 $ 2,845 $ — $ 148,504 INVESTING ACTIVITIES: Purchase of property and equipment, net (2,246 ) (51,862 ) (1,073 ) — (55,181 ) Proceeds from sale of property and equipment — 840 — — 840 Deposit on acquisitions (15,000 ) — — — (15,000 ) Net cash used in investing activities (17,246 ) (51,022 ) (1,073 ) — (69,341 ) FINANCING ACTIVITIES: Net proceeds from (payments to) related parties 128,564 (128,034 ) (530 ) — — Payments on other long-term payables (44 ) (157 ) (143 ) — (344 ) Debt issuance costs (305 ) — — — (305 ) Taxes paid related to net share settlement of equity awards (9,677 ) — — — (9,677 ) Net cash provided by (used in) financing activities 118,538 (128,191 ) (673 ) — (10,326 ) Increase in cash, cash equivalents and restricted cash 67,121 617 1,099 — 68,837 Cash, cash equivalents and restricted cash, beginning of period 13,836 118,483 15,430 — 147,749 Cash, cash equivalents and restricted cash, end of period $ 80,957 $ 119,100 $ 16,529 $ — $ 216,586 RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO AMOUNTS REPORTED WITHIN THE CONDENSED CONSOLIDATED BALANCE SHEETS: Cash and cash equivalents $ 80,240 $ 114,283 $ 7,493 $ — $ 202,016 Restricted cash 717 3,817 149 — 4,683 Restricted cash included in other noncurrent assets — 1,000 8,887 — 9,887 Total cash, cash equivalents and restricted cash $ 80,957 $ 119,100 $ 16,529 $ — $ 216,586 The consolidating condensed statement of cash flows for the six months ended June 30, 2017 is as follows: Eldorado Resorts, Inc. (Parent Obligor) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating and Eliminating Entries Eldorado Resorts, Inc. Consolidated (in thousands, unaudited) Net cash (used in) provided by operating activities $ (82,624 ) $ 79,645 $ 6,022 $ — $ 3,043 INVESTING ACTIVITIES: Purchase of property and equipment, net (3,273 ) (26,536 ) (15 ) — (29,824 ) Net cash used in business combinations (1,313,051 ) — — — (1,313,051 ) Net cash used in investing activities (1,316,324 ) (26,536 ) (15 ) — (1,342,875 ) FINANCING ACTIVITIES: Proceeds from issuance of Term Loan 1,450,000 — — — 1,450,000 Proceeds from issuance of 6% Senior Notes 375,000 — — — 375,000 Borrowings under Revolving Credit Facility 189,953 — — — 189,953 Payments under Term Loan (422,250 ) — — — (422,250 ) Payments under Revolving Credit Facility (128,953 ) — — — (128,953 ) Net (payments to) proceeds from related parties (4,167 ) (3,283 ) 7,450 — — Payments on other long-term payables — (169 ) (41 ) — (210 ) Debt issuance costs (44,992 ) — — — (44,992 ) Taxes paid related to net share settlement of equity awards (8,993 ) — — — (8,993 ) Proceeds from exercise of stock options 2,898 — — — 2,898 Net cash provided by (used in) financing activities 1,408,496 (3,452 ) 7,409 — 1,412,453 Increase in cash, cash equivalents and restricted cash 9,548 49,657 13,416 — 72,621 Cash, cash equivalents and restricted cash, beginning of period 1,410 61,702 332 — 63,444 Cash, cash equivalents and restricted cash, end of period $ 10,958 $ 111,359 $ 13,748 $ — $ 136,065 RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO AMOUNTS REPORTED WITHIN THE CONDENSED CONSOLIDATED BALANCE SHEETS: Cash and cash equivalents $ 10,280 $ 88,439 $ 4,905 $ — $ 103,624 Restricted cash 678 21,920 (32 ) — 22,566 Restricted cash included in other noncurrent assets — 1,000 8,875 — 9,875 Total cash, cash equivalents and restricted cash $ 10,958 $ 111,359 $ 13,748 $ — $ 136,065

Organization and Basis of Pre34

Organization and Basis of Presentation - Additional information (Details)	6 Months Ended
	Jun. 30, 2018roomMachineGameTerminalaHotel
Isle Casino Hotel
Organization and Basis of Presentation
Number of room in hotel	238
Number of slot machines | Machine	1,005
Number of table games | Game	30
Number of table poker room	9
Number of acre owned | a	10
Lady Luck Casino
Organization and Basis of Presentation
Number of room in hotel	164
Number of slot machines | Machine	472
Number of table games | Game	11
Isle Casino Racing Pompano
Organization and Basis of Presentation
Number of slot machines | Machine	1,461
Number of table poker room	45
Number of acre owned | a	223
Isle Casino Bettendorf
Organization and Basis of Presentation
Number of room in hotel	509
Number of slot machines | Machine	974
Number of table games | Game	20
Number of towers in hotel	2
Isle Casino Waterloo
Organization and Basis of Presentation
Number of room in hotel	194
Number of slot machines | Machine	936
Number of table games | Game	25
Isle of Capri Casino Hotel Lake Charles
Organization and Basis of Presentation
Number of room in hotel	493
Number of slot machines | Machine	1,173
Number of table games | Game	45
Number of table poker room	13
Number of acre owned | a	19
Number of hotels | Hotel	2
Isle of Capri Casino Lula
Organization and Basis of Presentation
Number of room in hotel	486
Number of slot machines | Machine	871
Number of table games | Game	19
Number of hotels | Hotel	2
Lady Luck Casino Vicksburg
Organization and Basis of Presentation
Number of room in hotel	89
Number of slot machines | Machine	603
Number of table games | Game	8
Isle of Capri Casino Boonville
Organization and Basis of Presentation
Number of room in hotel	140
Number of slot machines | Machine	885
Number of table games | Game	20
Isle Casino Cape Girardeau
Organization and Basis of Presentation
Number of slot machines | Machine	870
Number of table games | Game	24
Number of table poker room	4
Lady Luck Casino Caruthersville
Organization and Basis of Presentation
Number of slot machines | Machine	512
Number of table games | Game	9
Isle of Capri Casino Kansas City
Organization and Basis of Presentation
Number of slot machines | Machine	969
Number of table games | Game	13
Lady Luck Casino Nemacolin
Organization and Basis of Presentation
Number of slot machines | Machine	600
Number of table games | Game	27
Number of acre owned | a	2,000
Circus Reno
Organization and Basis of Presentation
Number of room in hotel	1,571
Number of slot machines | Machine	706
Number of table games | Game	24
Eldorado Reno
Organization and Basis of Presentation
Number of room in hotel	814
Number of slot machines | Machine	1,128
Number of table games | Game	36
Silver Legacy
Organization and Basis of Presentation
Number of slot machines | Machine	1,208
Number of table games | Game	58
Number of rooms in themed hotel	1,685
Number of table poker room	13
Eldorado Shreveport
Organization and Basis of Presentation
Number of slot machines | Machine	1,388
Number of table games | Game	52
Number of table poker room	8
Number of rooms in suite art deco-style hotel	403
Mountaineer
Organization and Basis of Presentation
Number of room in hotel	357
Number of slot machines | Machine	1,487
Number of table games | Game	36
Number of table poker room	10
Presque Isle Downs
Organization and Basis of Presentation
Number of slot machines | Machine	1,596
Number of table games | Game	32
Number of table poker room	7
Scioto Downs
Organization and Basis of Presentation
Number of room in hotel	118
Number of video lottery terminals | Terminal	2,237

Revenue Recognition - Additiona

Revenue Recognition - Additional information (Details) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)Customer	Jun. 30, 2017USD ($)$ / shares	Jun. 30, 2018USD ($)Customer	Jun. 30, 2017USD ($)$ / shares	Dec. 31, 2017USD ($)
Disaggregation Of Revenue [Line Items]
Number of performance obligation | Customer	2		2
Adoption of ASC Topic 606
Disaggregation Of Revenue [Line Items]
Cumulative effect on retained earnings, before tax			$ 4.7
Cumulative effect on retained earnings, net of tax			$ 3.5
Net loss per share | $ / shares		$ 0.68
Adoption of ASC Topic 606 | As Reported
Disaggregation Of Revenue [Line Items]
Net loss per share | $ / shares		$ 0.69
Adoption of ASC Topic 606 | ASC 606 Adjustments
Disaggregation Of Revenue [Line Items]
Net loss per share | $ / shares				$ 0
Loyalty Programs
Disaggregation Of Revenue [Line Items]
Deferred revenue redemption			less than one year
Loyalty point performance obligation liability	$ 11		$ 11		$ 11.8
Complimentaries
Disaggregation Of Revenue [Line Items]
Loyalty point redemption revenue	$ 48.9	$ 43.2	$ 96.1	$ 66.9

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Impact of Adoption New Standard to Previously reported Selected Financial Statement Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Disaggregation Of Revenue [Line Items]
Gross revenues		$ 375,626		$ 578,019
Net revenues	$ 456,802	375,626	$ 896,994	578,019
Operating (loss) income	77,414	(30,467)	131,608	(16,439)
Net (loss) income	$ 36,796	(46,190)	$ 57,651	(45,245)
Adoption of ASC Topic 606 | As Reported
Disaggregation Of Revenue [Line Items]
Gross revenues		389,237		608,783
Promotional allowances		(34,057)		(52,678)
Net revenues		355,180		556,105
Operating (loss) income		(32,116)		(17,967)
Net (loss) income		(46,328)		(45,307)
Adoption of ASC Topic 606 | ASC 606 Adjustments
Disaggregation Of Revenue [Line Items]
Gross revenues		(31,215)		(48,235)
Promotional allowances		33,226		51,713
Net revenues		2,011		3,478
Operating (loss) income		110		(11)
Net (loss) income		138		62
Adoption of ASC Topic 606 | Other Reclassifications
Disaggregation Of Revenue [Line Items]
Gross revenues		17,604		17,471
Promotional allowances		831		965
Net revenues		18,435		18,436
Operating (loss) income		$ 1,539		$ 1,539

Revenue Recognition - Summary o

Revenue Recognition - Summary of Net Revenues Disaggregated Type of Revenue and Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Disaggregation Of Revenue [Line Items]
Net revenues	$ 456,802	$ 375,626	$ 896,994	$ 578,019
Casino
Disaggregation Of Revenue [Line Items]
Net revenues	343,675	275,593	683,133	417,147
Pari-mutuel Commissions
Disaggregation Of Revenue [Line Items]
Net revenues	5,045	4,112	9,115	4,748
Food and Beverage
Disaggregation Of Revenue [Line Items]
Net revenues	54,293	49,709	106,491	82,130
Hotel
Disaggregation Of Revenue [Line Items]
Net revenues	38,926	34,278	69,667	53,583
Other
Disaggregation Of Revenue [Line Items]
Net revenues	14,863	11,934	28,588	20,411
Corporate
Disaggregation Of Revenue [Line Items]
Net revenues	112	136	239	193
Corporate | Other
Disaggregation Of Revenue [Line Items]
Net revenues	112	136	239	193
West Segment | Operating Segment
Disaggregation Of Revenue [Line Items]
Net revenues	117,880	99,752	217,459	163,240
West Segment | Operating Segment | Casino
Disaggregation Of Revenue [Line Items]
Net revenues	57,696	45,229	107,430	69,062
West Segment | Operating Segment | Food and Beverage
Disaggregation Of Revenue [Line Items]
Net revenues	25,812	25,002	49,023	44,494
West Segment | Operating Segment | Hotel
Disaggregation Of Revenue [Line Items]
Net revenues	26,222	23,207	45,652	37,858
West Segment | Operating Segment | Other
Disaggregation Of Revenue [Line Items]
Net revenues	8,150	6,314	15,354	11,826
Midwest Segment | Operating Segment
Disaggregation Of Revenue [Line Items]
Net revenues	100,607	67,641	201,402	67,641
Midwest Segment | Operating Segment | Casino
Disaggregation Of Revenue [Line Items]
Net revenues	87,448	57,987	175,807	57,987
Midwest Segment | Operating Segment | Food and Beverage
Disaggregation Of Revenue [Line Items]
Net revenues	6,744	5,035	13,660	5,035
Midwest Segment | Operating Segment | Hotel
Disaggregation Of Revenue [Line Items]
Net revenues	4,418	3,454	8,056	3,454
Midwest Segment | Operating Segment | Other
Disaggregation Of Revenue [Line Items]
Net revenues	1,997	1,165	3,879	1,165
South Segment | Operating Segment
Disaggregation Of Revenue [Line Items]
Net revenues	112,242	88,459	235,042	121,019
South Segment | Operating Segment | Casino
Disaggregation Of Revenue [Line Items]
Net revenues	88,994	69,001	186,503	92,169
South Segment | Operating Segment | Pari-mutuel Commissions
Disaggregation Of Revenue [Line Items]
Net revenues	2,590	1,504	5,999	1,505
South Segment | Operating Segment | Food and Beverage
Disaggregation Of Revenue [Line Items]
Net revenues	12,583	10,828	26,444	16,561
South Segment | Operating Segment | Hotel
Disaggregation Of Revenue [Line Items]
Net revenues	6,301	5,575	12,292	8,500
South Segment | Operating Segment | Other
Disaggregation Of Revenue [Line Items]
Net revenues	1,774	1,551	3,804	2,284
East Segment | Operating Segment
Disaggregation Of Revenue [Line Items]
Net revenues	125,961	119,638	242,852	225,926
East Segment | Operating Segment | Casino
Disaggregation Of Revenue [Line Items]
Net revenues	109,537	103,376	213,393	197,929
East Segment | Operating Segment | Pari-mutuel Commissions
Disaggregation Of Revenue [Line Items]
Net revenues	2,455	2,608	3,116	3,243
East Segment | Operating Segment | Food and Beverage
Disaggregation Of Revenue [Line Items]
Net revenues	9,154	8,844	17,364	16,040
East Segment | Operating Segment | Hotel
Disaggregation Of Revenue [Line Items]
Net revenues	1,985	2,042	3,667	3,771
East Segment | Operating Segment | Other
Disaggregation Of Revenue [Line Items]
Net revenues	$ 2,830	$ 2,768	$ 5,312	$ 4,943

Isle Acquisition and Final Pu38

Isle Acquisition and Final Purchase Price Accounting - Schedule of Purchase Consideration Calculation (Details) - USD ($) $ / shares in Units, $ in Thousands	May 01, 2017	Jun. 30, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Shares of ERI common stock issued for Isle common stock, shares		77,326,124	76,825,966
Isle of Capri
Business Acquisition [Line Items]
Cash paid for outstanding Isle common stock	$ 552,050
Shares of ERI common stock issued for Isle common stock, shares	28,468,182
Shares of ERI common stock issued for Isle common stock, per share	$ 19.12
Shares of ERI common stock issued for Isle common stock	$ 544,312
Cash paid by ERI to retire Isle's long-term debt	828,000
Shares of ERI common stock for Isle equity awards	10,383
Purchase consideration	$ 1,934,745

Isle Acquisition and Final Pu39

Isle Acquisition and Final Purchase Price Accounting - Schedule of Purchase Consideration Calculation (Parenthetical) (Details) - Isle of Capri - USD ($) $ / shares in Units, $ in Millions	May 01, 2017	Apr. 28, 2017
Business Acquisition [Line Items]
Cash paid for premiums and interest on Isle's long term debt	$ 26.6
Merger Agreement
Business Acquisition [Line Items]
Cash consideration paid as percent of outstanding shares	58.00%
Equity consideration paid as percent of outstanding shares	42.00%
Right to receive per share	$ 23
Stock election exchange rate (as a percent)	42.00%
Stock consideration (per share)		$ 19.12
Merger Agreement | Converted to a Right to Receive 1.638 Share of ERI Stock
Business Acquisition [Line Items]
Number of shares granted on conversion (per share)	1.638

Isle Acquisition and Final Pu40

Isle Acquisition and Final Purchase Price Accounting - Summary of Preliminary Purchase Price Accounting to Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Goodwill	$ 719,254		$ 747,106
Isle of Capri
Business Acquisition [Line Items]
Current and other assets, net		$ 135,925
Property and equipment		908,816
Goodwill		709,087
Intangible assets		517,470
Other noncurrent assets		15,082
Total assets		2,286,380
Current liabilities		(144,306)
Deferred income taxes		(189,952)
Other noncurrent liabilities		(17,377)
Total liabilities		(351,635)
Net assets acquired		$ 1,934,745

Isle Acquisition and Final Pu41

Isle Acquisition and Final Purchase Price Accounting - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Business Acquisition [Line Items]
Goodwill adjustment		$ 6,100
Net income (loss)	$ 36,796		$ (46,190)	$ 57,651	$ (45,245)
Transaction expenses	3,404		85,464	5,952	87,078
Isle of Capri
Business Acquisition [Line Items]
Net revenues				454,800
Net income (loss)				66,700
Transaction expenses	$ 200		$ 85,500	$ 1,100	$ 87,100

Isle Acquisition and Final Pu42

Isle Acquisition and Final Purchase Price Accounting - Unaudited Pro Forma Information - (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017
Pro Forma Information
Net operating revenues	$ 458,106	$ 906,588
Net income (loss)	$ 11,628	$ (15,176)

Assets Held for Sale - Addition

Assets Held for Sale - Additional information (Details) - Disposal Group, Held-for-sale, Not Discontinued Operations - USD ($) $ in Millions	Jul. 06, 2018	Feb. 28, 2018
Churchill Downs Incorporated
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Termination fee	$ 5
Presque Isle Downs
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Cash consideration on sale of assets and liabilities		$ 178.9
Vicksburg
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Cash consideration on sale of assets and liabilities		$ 50.6

Assets Held for Sale - Schedule

Assets Held for Sale - Schedule of Assets and Liabilities Held for Sale (Details) $ in Thousands	Jun. 30, 2018USD ($)
ASSETS
Assets held for sale	$ 201,202
Liabilities:
Liabilities related to assets held for sale	5,817
Disposal Group, Held-for-sale, Not Discontinued Operations
ASSETS
Accounts receivable, net	2,629
Inventories	1,826
Prepaid expenses and other	1,267
Property and equipment, net	105,410
Goodwill	11,928
Other intangibles, net	78,142
Assets held for sale	201,202
Liabilities:
Accounts payable	931
Accrued payroll and related	936
Accrued property and other taxes	78
Accrued other liabilities	3,872
Liabilities related to assets held for sale	5,817
Vicksburg | Disposal Group, Held-for-sale, Not Discontinued Operations
ASSETS
Accounts receivable, net	100
Inventories	252
Prepaid expenses and other	275
Property and equipment, net	35,852
Goodwill	8,806
Other intangibles, net	2,720
Assets held for sale	48,005
Liabilities:
Accounts payable	175
Accrued payroll and related	300
Accrued other liabilities	379
Liabilities related to assets held for sale	854
Presque Isle Downs | Disposal Group, Held-for-sale, Not Discontinued Operations
ASSETS
Accounts receivable, net	2,529
Inventories	1,574
Prepaid expenses and other	992
Property and equipment, net	69,558
Goodwill	3,122
Other intangibles, net	75,422
Assets held for sale	153,197
Liabilities:
Accounts payable	756
Accrued payroll and related	636
Accrued property and other taxes	78
Accrued other liabilities	3,493
Liabilities related to assets held for sale	$ 4,963

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	May 31, 2018	Dec. 31, 2017
Share Based Compensation [Abstract]
Common stock, shares authorized	200,000,000		200,000,000		100,000,000	100,000,000
Common stock, par value per share	$ 0.00001		$ 0.00001			$ 0.00001
Common stock, shares authorized subject to approval	200,000,000		200,000,000
Stock-based compensation expense	$ 3,500	$ 1,300	$ 7,151	$ 3,062
Options exercisable, shares	136,505		136,505

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Share-based Compensation, Restricted Stock Units and Restricted Stock Awards Activity (Details)	6 Months Ended
	Jun. 30, 2018$ / sharesshares
Restricted Stock Units (RSUs)
Restricted Stock Units and Awards
Outstanding at the beginning of the Period (in shares) | shares	1,579,499
Granted (in shares) | shares	316,431
Vested (in shares) | shares	(783,672)
Canceled (in shares) | shares	(9,885)
Outstanding at the end of the Period (in shares) | shares	1,102,373
Weighted-Average Grant Date Fair Value
Unvested outstanding as of beginning of period | $ / shares	$ 12.25
Granted | $ / shares	32.91
Vested | $ / shares	8.05
Canceled | $ / shares	19.13
Unvested outstanding as of end of period | $ / shares	$ 21.11
Restricted Stock Awards
Restricted Stock Units and Awards
Outstanding at the beginning of the Period (in shares) | shares	10,809
Vested (in shares) | shares	(10,809)
Weighted-Average Grant Date Fair Value
Unvested outstanding as of beginning of period | $ / shares	$ 19.13
Vested | $ / shares	$ 19.13

Stock-Based Compensation - Sc47

Stock-Based Compensation - Schedule of Share-based Compensation, Stock Options Activity (Details)	6 Months Ended
	Jun. 30, 2018$ / sharesshares
Options
Outstanding at the beginning of the Period (in shares) | shares	271,852
Expired (in shares) | shares	(15,776)
Exercised (in shares) | shares	(103,120)
Outstanding at the end of the Period (in shares) | shares	152,956
Weighted-Average Exercise Price
Outstanding at the beginning of the period (in dollars per share) | $ / shares	$ 9.63
Expired (in dollars per share) | $ / shares	10.89
Exercised (in dollars per share) | $ / shares	9.09
Outstanding at the end of the period (in dollars per share) | $ / shares	$ 9.63

Other and Intangible Assets, 48

Other and Intangible Assets, Net - Schedule of Other and Intangible Assets, Net (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Goodwill	$ 719,254	$ 747,106
Goodwill, useful life	Indefinite
Intangible assets, excluding goodwill- gross	$ 932,617	1,013,944
Total gaming licenses and other intangible assets	915,936	996,816
Non-operating real property	14,030	18,069
Unamortized debt issuance costs - Revolving Credit Facility	7,613	8,616
Restricted cash	9,887	9,886
Other	27,535	12,130
Total other assets, net	45,035	30,632
Trade Names
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Finite-intangible assets, excluding goodwill- gross	5,100	6,700
Accumulated amortization	$ (5,100)	(6,290)
Trade Names | Minimum
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Finite-lived intangible asset, useful life	1 year
Trade Names | Maximum
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Finite-lived intangible asset, useful life	3 years 6 months
Loyalty Program
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Finite-intangible assets, excluding goodwill- gross	$ 20,193	21,820
Accumulated amortization	$ (11,581)	(10,838)
Loyalty Program | Minimum
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Finite-lived intangible asset, useful life	1 year
Loyalty Program | Maximum
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Finite-lived intangible asset, useful life	3 years
Gaming licenses
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Indefinite intangible assets, excluding goodwill- gross	$ 801,774	877,174
Indefinite intangible assets, useful life	Indefinite
Trade Names-Indefinite
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Indefinite intangible assets, excluding goodwill- gross	$ 105,550	$ 108,250
Indefinite intangible assets, useful life	Indefinite

Other and Intangible Assets, 49

Other and Intangible Assets, Net - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Impairment charges			$ 9,815
Trade Names and Loyalty Program
Trade names and customer loyalty program
Amortization expense	$ 1,200	$ 1,100	2,700	$ 1,600
Remainder of 2018	2,300		2,300
2,019	4,700		4,700
2,020	$ 1,600		1,600
Vicksburg's | Churchill Downs Incorporated
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Impairment charges			$ 9,800

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ 9,213,000	$ (39,121,000)	$ 11,301,000	$ (38,708,000)
Unrecognized Tax Benefits	$ 0	$ 0	$ 0	$ 0

Long-Term Debt and Other Long51

Long-Term Debt and Other Long-Term Liabilities - Summary of Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Long-term debt
Less: Unamortized debt issuance costs	$ (7,613)	$ (8,616)
Capital leases	617	917
Long-term notes payable	2,487	2,531
Less: Current portion	(486)	(615)
Long-term debt, noncurrent	2,190,749	2,189,578
Term Loan
Long-term debt
Long-term debt, gross	956,750	956,750
Less: Unamortized discount and debt issuance costs	(17,487)	(18,748)
Long-term Debt	939,263	938,002
6% Senior Notes
Long-term debt
Long-term debt, gross	875,000	875,000
Plus: Unamortized debt premium	25,068	26,605
Less: Unamortized debt issuance costs	(19,580)	(20,716)
Long-term Debt	880,488	880,889
7% Senior Notes
Long-term debt
Long-term debt, gross	375,000	375,000
Less: Unamortized discount and debt issuance costs	(6,620)	(7,146)
Long-term Debt	$ 368,380	$ 367,854

Long-Term Debt and Other Long52

Long-Term Debt and Other Long-Term Liabilities - Additional Information (Details) - USD ($)	Sep. 13, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Apr. 16, 2018	Dec. 31, 2017	Apr. 17, 2017	Mar. 29, 2017	Jul. 23, 2015
Long-term debt
Amortization of deferred financing costs, discount and debt premium		$ 1,200,000	$ 2,200,000	$ 2,500,000	$ 3,000,000
Scheduled maturities of long-term debt in 2023		375,000,000		375,000,000
Scheduled maturities of long-term debt in 2024		956,800,000		956,800,000
Scheduled maturities of long-term debt in 2025		875,000,000		$ 875,000,000
Debt instrument interest rate terms				however, that in no event will LIBOR be less than zero or the base rate be less than 1.00% over the term of the Term Loan Facility or the Revolving Credit Facility.
Repayment of credit facility					$ 128,953,000
Property and equipment, net		1,400,088,000		$ 1,400,088,000			$ 1,502,817,000
Other long-term liabilities		17,975,000		17,975,000			28,579,000
Lease And Management Agreements [Member] | Nemacolin Woodland Resort
Long-term debt
Property and equipment, net		4,100,000		4,100,000			4,200,000
Other long-term liabilities		2,400,000		2,400,000			4,500,000
Lease And Management Agreements [Member] | Quad-Cities Waterfront Convention Center
Long-term debt
Property and equipment, net		12,000,000		12,000,000			11,900,000
Other long-term liabilities		$ 5,500,000		$ 5,500,000			$ 12,500,000
6% Senior Notes
Long-term debt
Interest rate (as a percent)	6.00%	6.00%		6.00%					6.00%
Debt instrument interest rate terms				The 6% Senior Notes will mature on April 1, 2025, with interest payable semi-annually in arrears on April 1 and October 1, commencing October 1, 2017
Long-term debt, gross	$ 500,000,000								$ 375,000,000
Senior notes, maturity date				Apr. 1, 2025
Percentage of issue price of principal amount	105.50%
7% Senior Notes
Long-term debt
Interest rate (as a percent)										7.00%
Long-term debt, gross										$ 375,000,000
Senior notes, maturity date				Aug. 1, 2023
Term Loan
Long-term debt
Credit facility								$ 1,450,000
Credit facility maturity date				Apr. 17, 2024
Credit facility quarterly principal payments				$ 3,600,000
Credit facility principal prepayment	$ 444,500,000
Amount outstanding		$ 956,800,000		$ 956,800,000
Interest rate		4.10%		4.10%
Term Loan | LIBOR
Long-term debt
Spread on variable rate (as a percent)				2.25%
Term Loan | Base rate
Long-term debt
Spread on variable rate (as a percent)				1.25%
Revolving Credit Facility
Long-term debt
Credit facility								$ 300,000,000
Credit facility maturity date				Apr. 17, 2022
Amount outstanding		$ 0		$ 0
Available borrowing capacity		290,900,000		$ 290,900,000
Commitment fee on unused portion of the credit facility				0.50%
Revolving Credit Facility | Minimum | LIBOR
Long-term debt
Spread on variable rate (as a percent)				1.75%
Revolving Credit Facility | Minimum | Base rate
Long-term debt
Spread on variable rate (as a percent)				0.75%
Revolving Credit Facility | Maximum | LIBOR
Long-term debt
Spread on variable rate (as a percent)				2.50%
Revolving Credit Facility | Maximum | Base rate
Long-term debt
Spread on variable rate (as a percent)				1.50%
Revolving Credit Facility | Tropicana Entertainment Inc
Long-term debt
Credit facility						$ 500,000,000
Letter of Credit
Long-term debt
Amount outstanding		$ 9,100,000		$ 9,100,000
Prior Revolving Credit Facility
Long-term debt
Repayment of credit facility	78,000,000
Term Loan
Long-term debt
Payments under Term Loan	$ 444,500,000

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets Measured at Fair Value on a Recurring Basis (Details) - Fair Value Recurring Basis - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets:
Restricted cash and investments	$ 14,570	$ 13,153
Marketable securities	17,066	17,631
Level 1
Assets:
Restricted cash and investments	10,753	9,055
Marketable securities	9,512	7,906
Level 2
Assets:
Restricted cash and investments	3,817	4,098
Marketable securities	$ 7,554	$ 9,725

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details)	Jun. 30, 2018USD ($)
Fair Value Disclosures [Abstract]
Fair value assets, Level 1 to Level 2 transfers amount	$ 0
Fair value assets, Level 2 to Level 1 transfers amount	$ 0

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Financial liabilities:
Capital leases	$ 617	$ 917
Term Loan
Financial liabilities:
Long-term debt	939,263	938,002
7% Senior Notes
Financial liabilities:
Long-term debt	368,380	367,854
Carrying Amount
Financial liabilities:
Capital leases	617	917
Carrying Amount | Term Loan
Financial liabilities:
Long-term debt	939,263	938,002
Carrying Amount | 7% Senior Notes
Financial liabilities:
Long-term debt	368,380	367,854
Carrying Amount | 6% Senior Notes
Financial liabilities:
Long-term debt	880,488	880,889
Carrying Amount | Other long-term debt
Financial liabilities:
Long-term debt	2,487	2,531
Fair Value
Financial liabilities:
Capital leases	617	917
Fair Value | Term Loan
Financial liabilities:
Long-term debt	956,750	956,750
Fair Value | 7% Senior Notes
Financial liabilities:
Long-term debt	393,750	400,800
Fair Value | 6% Senior Notes
Financial liabilities:
Long-term debt	868,438	914,375
Fair Value | Other long-term debt
Financial liabilities:
Long-term debt	$ 2,487	$ 2,531

Earnings per Share - Schedule o

Earnings per Share - Schedule of Reconciliation of the Numerators and Denominators of the Basic and Diluted Net Income Per Share Computations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net income (loss) available to common stockholders	$ 36,796	$ (46,190)	$ 57,651	$ (45,245)
Shares outstanding:
Weighted average shares outstanding – basic	77,458,584	67,453,095	77,406,447	57,405,834
Weighted average shares outstanding – diluted	78,258,629	67,453,095	78,169,629	57,405,834
Net income (loss) per common share attributable to common stockholders – basic:	$ 0.48	$ (0.68)	$ 0.74	$ (0.79)
Net income (loss) per common share attributable to common stockholders – diluted:	$ 0.47	$ (0.68)	$ 0.74	$ (0.79)
Stock Options
Shares outstanding:
Effect of dilutive securities	131,148	78,435	142,027	64,617
Restricted Stock Units (RSUs)
Shares outstanding:
Effect of dilutive securities	668,897	937,661	621,155	868,987

Earnings per Share - Schedule57

Earnings per Share - Schedule of Reconciliation of the Numerators and Denominators of the Basic and Diluted Net Income Per Share Computations (Parenthetical) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Stock Options
Effect of dilutive securities	131,148	78,435	142,027	64,617
Restricted Stock Units (RSUs)
Effect of dilutive securities	668,897	937,661	621,155	868,987

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	Jun. 30, 2018
Scioto Downs
Expenses under the terms of the ground lease
Renewal term	2 years
Mountaineer Pari-mutuel Clerks
Expenses under the terms of the ground lease
Renewal term	1 year

Related Affiliates - Additional

Related Affiliates - Additional Information (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)a	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)aroom	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Related affiliates
Receivable from partnership	$ 125,000		$ 125,000		$ 243,000
Payable to partnership	20,000		$ 20,000
Other Investors
Related affiliates
Variable interest entity, ownership percentage			42.10%
Number of new rooms developed | room			118
Cash			$ 1,000,000
Land | a			2.4
Cost of hotel construction			$ 16,000,000
Receivable from partnership	125,000		125,000
Payable to partnership	$ 20,000		$ 20,000
C. S. & Y. Associates
Related affiliates
Area of real property leased | a	30,000		30,000
Due from related parties	$ 0		$ 0		0
Payable to related parties	0		0		$ 0
Amount paid to related party	$ 150,000	$ 90,000	$ 300,000	$ 215,000

Segment Information - Additiona

Segment Information - Additional Information (Details)	4 Months Ended	11 Months Ended
	Apr. 30, 2017Regionsegment	Mar. 31, 2018segmentitem
Segment Reporting [Abstract]
Number of geographic regions	3	4
Number of reportable segments	3	4

Segment Information - Summary o

Segment Information - Summary of Reportable Segment (Details)	11 Months Ended
	Mar. 31, 2018
West Segment | Eldorado Reno | NEVADA
Segment Reporting Information [Line Items]
Property	Eldorado Reno
State	Nevada
West Segment | Silver Legacy | NEVADA
Segment Reporting Information [Line Items]
Property	Silver Legacy
State	Nevada
West Segment | Circus Reno | NEVADA
Segment Reporting Information [Line Items]
Property	Circus Reno
State	Nevada
West Segment | Isle Black Hawk | COLORADO
Segment Reporting Information [Line Items]
Property	Isle Black Hawk
State	Colorado
West Segment | Lady Luck Black Hawk | COLORADO
Segment Reporting Information [Line Items]
Property	Lady Luck Black Hawk
State	Colorado
Midwest Segment | Waterloo | IOWA
Segment Reporting Information [Line Items]
Property	Waterloo
State	Iowa
Midwest Segment | Bettendorf | IOWA
Segment Reporting Information [Line Items]
Property	Bettendorf
State	Iowa
Midwest Segment | Boonville | MISSOURI
Segment Reporting Information [Line Items]
Property	Boonville
State	Missouri
Midwest Segment | Cape Girardeau | MISSOURI
Segment Reporting Information [Line Items]
Property	Cape Girardeau
State	Missouri
Midwest Segment | Caruthersville | MISSOURI
Segment Reporting Information [Line Items]
Property	Caruthersville
State	Missouri
Midwest Segment | Kansas City | MISSOURI
Segment Reporting Information [Line Items]
Property	Kansas City
State	Missouri
South Segment | Pompano | FLORIDA
Segment Reporting Information [Line Items]
Property	Pompano
State	Florida
South Segment | Eldorado Shreveport | LOUISIANA
Segment Reporting Information [Line Items]
Property	Eldorado Shreveport
State	Louisiana
South Segment | Lake Charles | LOUISIANA
Segment Reporting Information [Line Items]
Property	Lake Charles
State	Louisiana
South Segment | Lula | MISSISSIPPI
Segment Reporting Information [Line Items]
Property	Lula
State	Mississippi
South Segment | Vicksburg | MISSISSIPPI
Segment Reporting Information [Line Items]
Property	Vicksburg
State	Mississippi
East Segment | Presque Isle Downs | PENNSYLVANIA
Segment Reporting Information [Line Items]
Property	Presque Isle Downs
State	Pennsylvania
East Segment | Nemacolin | PENNSYLVANIA
Segment Reporting Information [Line Items]
Property	Nemacolin
State	Pennsylvania
East Segment | Scioto Downs | OHIO
Segment Reporting Information [Line Items]
Property	Scioto Downs
State	Ohio
East Segment | Mountaineer | WEST VIRGINIA
Segment Reporting Information [Line Items]
Property	Mountaineer
State	West Virginia

Segment Information - Schedule

Segment Information - Schedule of Operating Data for Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues and expenses
Net operating revenues	$ 456,802	$ 375,626	$ 896,994	$ 578,019
Operating (loss) income	77,414	(30,467)	131,608	(16,439)
Unallocated income and expenses:
Interest expense, net	(31,405)	(27,527)	(62,494)	(40,197)
Loss on early retirement of debt, net		(27,317)	(162)	(27,317)
(Provision) benefit for income taxes	(9,213)	39,121	(11,301)	38,708
Net income (loss)	36,796	(46,190)	57,651	(45,245)
Operating Segment | West Segment
Revenues and expenses
Net operating revenues	117,880	99,752	217,459	163,240
Operating (loss) income	21,865	16,512	32,004	17,933
Operating Segment | Midwest Segment
Revenues and expenses
Net operating revenues	100,607	67,641	201,402	67,641
Operating (loss) income	27,411	15,412	54,087	15,412
Operating Segment | South Segment
Revenues and expenses
Net operating revenues	112,242	88,459	235,042	121,019
Operating (loss) income	20,564	12,610	33,923	18,528
Operating Segment | East Segment
Revenues and expenses
Net operating revenues	125,961	119,638	242,852	225,926
Operating (loss) income	24,397	18,228	43,528	33,196
Corporate
Revenues and expenses
Net operating revenues	112	136	239	193
Operating (loss) income	$ (16,823)	$ (93,229)	$ (31,934)	$ (101,508)

Segment Information - Schedul63

Segment Information - Schedule of Capital Expenditures for Reportable Segments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information [Line Items]
Capital Expenditures	$ 55,181	$ 29,824
Operating Segment | West Segment
Segment Reporting Information [Line Items]
Capital Expenditures	29,080	18,632
Operating Segment | Midwest Segment
Segment Reporting Information [Line Items]
Capital Expenditures	9,384	1,763
Operating Segment | South Segment
Segment Reporting Information [Line Items]
Capital Expenditures	7,083	1,646
Operating Segment | East Segment
Segment Reporting Information [Line Items]
Capital Expenditures	6,008	4,048
Corporate
Segment Reporting Information [Line Items]
Capital Expenditures	$ 3,626	$ 3,735

Segment Information - Schedul64

Segment Information - Schedule of Balance Sheet Information for Reportable Segments (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	$ 3,599,746	$ 3,546,472
Goodwill	719,254	747,106
Corporate, Other & Eliminations
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	(939,553)	(910,472)
West Segment
Segment Reporting Asset Reconciling Item [Line Items]
Goodwill	152,761	152,775
West Segment | Operating Segment
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	1,300,315	1,278,062
Midwest Segment
Segment Reporting Asset Reconciling Item [Line Items]
Goodwill	322,745	327,088
Midwest Segment | Operating Segment
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	1,215,157	1,188,758
South Segment
Segment Reporting Asset Reconciling Item [Line Items]
Goodwill	180,044	200,417
South Segment | Operating Segment
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	814,364	804,318
East Segment
Segment Reporting Asset Reconciling Item [Line Items]
Goodwill	63,704	66,826
East Segment | Operating Segment
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	$ 1,209,463	$ 1,185,806

Consolidating Condensed Finan65

Consolidating Condensed Financial Information - Additional Information (Details)	Jun. 30, 2018	Sep. 13, 2017	Mar. 29, 2017
7% Senior Notes
Condensed Financial Statements Captions [Line Items]
Interest rate (as a percent)	7.00%
6% Senior Notes
Condensed Financial Statements Captions [Line Items]
Interest rate (as a percent)	6.00%	6.00%	6.00%

Consolidating Condensed Finan66

Consolidating Condensed Financial Information - Consolidating Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Condensed Balance Sheet
Current assets	$ 505,403	$ 251,032
Property and equipment, net	1,400,088	1,502,817
Other assets	1,694,255	1,792,623
Total assets	3,599,746	3,546,472
Current liabilities	217,692	223,750
Long-term debt, less current maturities	2,190,749	2,189,578
Deferred income tax liabilities	176,607	162,967
Other accrued liabilities	17,975	28,579
Stockholders’ equity	996,723	941,598
Total liabilities and stockholders’ equity	3,599,746	3,546,472
Reportable Legal Entities | Eldorado Resorts, Inc. (Parent Obligor)
Condensed Balance Sheet
Current assets	100,202	27,572
Intercompany receivables	145,580	274,148
Investments in subsidiaries	2,541,456	2,437,287
Property and equipment, net	13,659	12,042
Other assets	49,707	37,458
Total assets	2,850,604	2,788,507
Current liabilities	34,402	28,676
Long-term debt, less current maturities	1,815,523	1,814,185
Other accrued liabilities	4,035	4,127
Stockholders’ equity	996,644	941,519
Total liabilities and stockholders’ equity	2,850,604	2,788,507
Reportable Legal Entities | Guarantor Subsidiaries
Condensed Balance Sheet
Current assets	378,207	201,321
Property and equipment, net	1,378,375	1,483,473
Other assets	1,655,020	1,764,291
Total assets	3,411,602	3,449,085
Current liabilities	156,325	169,348
Intercompany payables	154,260	283,640
Long-term debt, less current maturities	375,000	375,000
Deferred income tax liabilities	209,926	199,376
Other accrued liabilities	11,160	19,624
Stockholders’ equity	2,504,931	2,402,097
Total liabilities and stockholders’ equity	3,411,602	3,449,085
Reportable Legal Entities | Non-Guarantor Subsidiaries
Condensed Balance Sheet
Current assets	26,994	22,139
Intercompany receivables	33,680	34,492
Property and equipment, net	8,054	7,302
Other assets	22,847	27,283
Total assets	91,575	91,216
Current liabilities	26,965	25,726
Intercompany payables	25,000	25,000
Long-term debt, less current maturities	226	393
Other accrued liabilities	2,780	4,828
Stockholders’ equity	36,604	35,269
Total liabilities and stockholders’ equity	91,575	91,216
Consolidating and Eliminating Entries
Condensed Balance Sheet
Intercompany receivables	(179,260)	(308,640)
Investments in subsidiaries	(2,541,456)	(2,437,287)
Other assets	(33,319)	(36,409)
Total assets	(2,754,035)	(2,782,336)
Intercompany payables	(179,260)	(308,640)
Deferred income tax liabilities	(33,319)	(36,409)
Stockholders’ equity	(2,541,456)	(2,437,287)
Total liabilities and stockholders’ equity	$ (2,754,035)	$ (2,782,336)

Consolidating Condensed Finan67

Consolidating Condensed Financial Information - Consolidating Condensed Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues:
Net revenues	$ 456,802	$ 375,626	$ 896,994	$ 578,019
Operating expenses:
Marketing and promotions	21,832	21,531	43,133	31,660
General and administrative	73,745	60,887	147,947	92,687
Corporate	12,232	7,442	23,801	14,016
Impairment charges			9,815
Depreciation and amortization	31,910	24,909	63,444	40,513
Total operating expenses	376,439	320,480	759,098	507,041
(Loss) gain on sale of asset or disposal of property and equipment	423	(89)	(283)	(57)
Transaction expenses	(3,404)	(85,464)	(5,952)	(87,078)
Equity (loss) in income of unconsolidated affiliate	32	(60)	(53)	(282)
Operating income (loss)	77,414	(30,467)	131,608	(16,439)
Interest expense, net	(31,405)	(27,527)	(62,494)	(40,197)
Loss on early retirement of debt, net		(27,317)	(162)	(27,317)
Net income (loss) before income taxes	46,009	(85,311)	68,952	(83,953)
Income tax benefit (provision)	(9,213)	39,121	(11,301)	38,708
Net income (loss)	36,796	(46,190)	57,651	(45,245)
Gaming and Pari-mutuel Commissions
Revenues:
Net revenues	348,720	279,705	692,248	421,895
Operating expenses:
Operating expenses	169,945	143,737	339,496	224,925
Non-gaming
Revenues:
Net revenues	108,082	95,921	204,746	156,124
Operating expenses:
Operating expenses	66,775	61,974	131,462	103,240
Reportable Legal Entities | Eldorado Resorts, Inc. (Parent Obligor)
Operating expenses:
Corporate	11,259	6,974	21,553	13,548
Management fee	(7,030)	(6,974)	(12,167)	(13,548)
Depreciation and amortization	950	183	1,723	332
Total operating expenses	5,179	183	11,109	332
(Loss) gain on sale of asset or disposal of property and equipment		(21)		(21)
Transaction expenses	(3,335)	(67,559)	(5,453)	(69,173)
Operating income (loss)	(8,514)	(67,763)	(16,562)	(69,526)
Interest expense, net	(25,075)	(20,905)	(49,345)	(26,994)
Loss on early retirement of debt, net		(27,317)	(162)	(27,317)
Subsidiary income (loss)	60,771	16,401	104,076	25,656
Net income (loss) before income taxes	27,182	(99,584)	38,007	(98,181)
Income tax benefit (provision)	9,614	53,394	19,644	52,936
Net income (loss)	36,796	(46,190)	57,651	(45,245)
Reportable Legal Entities | Guarantor Subsidiaries
Revenues:
Net revenues	446,515	368,046	876,331	570,376
Operating expenses:
Marketing and promotions	21,421	20,893	42,256	31,018
General and administrative	71,872	59,637	144,299	91,437
Corporate	335	(328)	657	(328)
Impairment charges			9,815
Management fee	7,030	6,774	12,167	13,348
Depreciation and amortization	30,798	24,637	61,398	40,092
Total operating expenses	362,385	312,829	729,799	499,237
(Loss) gain on sale of asset or disposal of property and equipment	421	(68)	(285)	(36)
Transaction expenses	(69)	(17,905)	(499)	(17,905)
Equity (loss) in income of unconsolidated affiliate	32	(60)	(53)	(282)
Operating income (loss)	84,514	37,184	145,695	52,916
Interest expense, net	(5,919)	(6,344)	(12,205)	(12,925)
Net income (loss) before income taxes	78,595	30,840	133,490	39,991
Income tax benefit (provision)	(18,438)	(14,364)	(30,741)	(14,319)
Net income (loss)	60,157	16,476	102,749	25,672
Reportable Legal Entities | Non-Guarantor Subsidiaries
Revenues:
Net revenues	10,287	7,580	20,663	7,643
Operating expenses:
Marketing and promotions	411	638	877	642
General and administrative	1,873	1,250	3,648	1,250
Corporate	638	796	1,591	796
Management fee		200		200
Depreciation and amortization	162	89	323	89
Total operating expenses	8,875	7,468	18,190	7,472
(Loss) gain on sale of asset or disposal of property and equipment	2		2
Operating income (loss)	1,414	112	2,475	171
Interest expense, net	(411)	(278)	(944)	(278)
Net income (loss) before income taxes	1,003	(166)	1,531	(107)
Income tax benefit (provision)	(389)	91	(204)	91
Net income (loss)	614	(75)	1,327	(16)
Reportable Legal Entities | Gaming and Pari-mutuel Commissions | Guarantor Subsidiaries
Revenues:
Net revenues	340,960	274,023	676,753	416,208
Operating expenses:
Operating expenses	164,837	139,891	329,140	221,079
Reportable Legal Entities | Gaming and Pari-mutuel Commissions | Non-Guarantor Subsidiaries
Revenues:
Net revenues	7,760	5,682	15,495	5,687
Operating expenses:
Operating expenses	5,108	3,846	10,356	3,846
Reportable Legal Entities | Non-gaming | Guarantor Subsidiaries
Revenues:
Net revenues	105,555	94,023	199,578	154,168
Operating expenses:
Operating expenses	66,092	61,325	130,067	102,591
Reportable Legal Entities | Non-gaming | Non-Guarantor Subsidiaries
Revenues:
Net revenues	2,527	1,898	5,168	1,956
Operating expenses:
Operating expenses	683	649	1,395	649
Consolidating and Eliminating Entries
Operating expenses:
Subsidiary income (loss)	(60,771)	(16,401)	(104,076)	(25,656)
Net income (loss) before income taxes	(60,771)	(16,401)	(104,076)	(25,656)
Net income (loss)	$ (60,771)	$ (16,401)	$ (104,076)	$ (25,656)

Consolidating Condensed Finan68

Consolidating Condensed Financial Information - Consolidating Condensed Statement of Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Condensed Statement of Cash Flows
Net cash (used in) provided by operating activities	$ 148,504	$ 3,043
INVESTING ACTIVITIES:
Purchase of property and equipment, net	(55,181)	(29,824)
Proceeds from sale of property and equipment	840
Net cash used in business combinations		(1,313,051)
Escrow deposit	(15,000)
Net cash used in investing activities	(69,341)	(1,342,875)
FINANCING ACTIVITIES:
Proceeds from issuance of Term Loan		1,450,000
Borrowings under Revolving Credit Facility		189,953
Payments under Revolving Credit Facility		(128,953)
Payments on other long-term payables	(344)	(210)
Debt issuance costs	(305)	(44,992)
Taxes paid related to net share settlement of equity awards	(9,677)	(8,993)
Proceeds from exercise of stock options		2,898
Net cash (used in) provided by financing activities	(10,326)	1,412,453
Increase in cash, cash equivalents and restricted cash	68,837	72,621
Cash, cash equivalents and restricted cash, beginning of period	147,749	63,444
Cash, cash equivalents and restricted cash, end of period	216,586	136,065
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO AMOUNTS REPORTED WITHIN THE CONDENSED CONSOLIDATED BALANCE SHEETS:
Cash and cash equivalents			$ 202,016	$ 134,596	$ 103,624
Restricted cash			4,683	3,267	22,566
Restricted cash included in other noncurrent assets			9,887		9,875
Total cash, cash equivalents and restricted cash	147,749	63,444	216,586	147,749	136,065
Term Loan
FINANCING ACTIVITIES:
Proceeds from issuance of Term Loan		1,450,000
Payments under Term Loan		(422,250)
6% Senior Notes
FINANCING ACTIVITIES:
Proceeds from issuance of 6% Senior Notes		375,000
Revolving Credit Facility
FINANCING ACTIVITIES:
Borrowings under Revolving Credit Facility		189,953
Payments under Revolving Credit Facility		(128,953)
Reportable Legal Entities | Eldorado Resorts, Inc. (Parent Obligor)
Condensed Statement of Cash Flows
Net cash (used in) provided by operating activities	(34,171)	(82,624)
INVESTING ACTIVITIES:
Purchase of property and equipment, net	(2,246)	(3,273)
Net cash used in business combinations		(1,313,051)
Escrow deposit	(15,000)
Net cash used in investing activities	(17,246)	(1,316,324)
FINANCING ACTIVITIES:
Net proceeds from (payments to) related parties	128,564	(4,167)
Payments on other long-term payables	(44)
Debt issuance costs	(305)	(44,992)
Taxes paid related to net share settlement of equity awards	(9,677)	(8,993)
Proceeds from exercise of stock options		2,898
Net cash (used in) provided by financing activities	118,538	1,408,496
Increase in cash, cash equivalents and restricted cash	67,121	9,548
Cash, cash equivalents and restricted cash, beginning of period	13,836	1,410
Cash, cash equivalents and restricted cash, end of period	80,957	10,958
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO AMOUNTS REPORTED WITHIN THE CONDENSED CONSOLIDATED BALANCE SHEETS:
Cash and cash equivalents			80,240		10,280
Restricted cash			717		678
Total cash, cash equivalents and restricted cash	13,836	1,410	80,957	13,836	10,958
Reportable Legal Entities | Eldorado Resorts, Inc. (Parent Obligor) | Term Loan
FINANCING ACTIVITIES:
Proceeds from issuance of Term Loan		1,450,000
Payments under Term Loan		(422,250)
Reportable Legal Entities | Eldorado Resorts, Inc. (Parent Obligor) | 6% Senior Notes
FINANCING ACTIVITIES:
Proceeds from issuance of 6% Senior Notes		375,000
Reportable Legal Entities | Guarantor Subsidiaries
Condensed Statement of Cash Flows
Net cash (used in) provided by operating activities	179,830	79,645
INVESTING ACTIVITIES:
Purchase of property and equipment, net	(51,862)	(26,536)
Proceeds from sale of property and equipment	840
Net cash used in investing activities	(51,022)	(26,536)
FINANCING ACTIVITIES:
Net proceeds from (payments to) related parties	(128,034)	(3,283)
Payments on other long-term payables	(157)	(169)
Net cash (used in) provided by financing activities	(128,191)	(3,452)
Increase in cash, cash equivalents and restricted cash	617	49,657
Cash, cash equivalents and restricted cash, beginning of period	118,483	61,702
Cash, cash equivalents and restricted cash, end of period	119,100	111,359
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO AMOUNTS REPORTED WITHIN THE CONDENSED CONSOLIDATED BALANCE SHEETS:
Cash and cash equivalents			114,283		88,439
Restricted cash			3,817		21,920
Restricted cash included in other noncurrent assets			1,000		1,000
Total cash, cash equivalents and restricted cash	118,483	61,702	119,100	118,483	111,359
Reportable Legal Entities | Non-Guarantor Subsidiaries
Condensed Statement of Cash Flows
Net cash (used in) provided by operating activities	2,845	6,022
INVESTING ACTIVITIES:
Purchase of property and equipment, net	(1,073)	(15)
Net cash used in investing activities	(1,073)	(15)
FINANCING ACTIVITIES:
Net proceeds from (payments to) related parties	(530)	7,450
Payments on other long-term payables	(143)	(41)
Net cash (used in) provided by financing activities	(673)	7,409
Increase in cash, cash equivalents and restricted cash	1,099	13,416
Cash, cash equivalents and restricted cash, beginning of period	15,430	332
Cash, cash equivalents and restricted cash, end of period	16,529	13,748
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO AMOUNTS REPORTED WITHIN THE CONDENSED CONSOLIDATED BALANCE SHEETS:
Cash and cash equivalents			7,493		4,905
Restricted cash			149		(32)
Restricted cash included in other noncurrent assets			8,887		8,875
Total cash, cash equivalents and restricted cash	$ 15,430	332	$ 16,529	$ 15,430	$ 13,748
Reportable Legal Entities | Revolving Credit Facility | Eldorado Resorts, Inc. (Parent Obligor)
FINANCING ACTIVITIES:
Borrowings under Revolving Credit Facility		189,953
Payments under Revolving Credit Facility		$ (128,953)

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - USD ($)	Apr. 16, 2018	Jun. 30, 2018	Jun. 30, 2018	Apr. 17, 2017
New Revolving Credit Facility
Business Acquisition [Line Items]
Credit facility				$ 300,000,000
Grand Victoria Casino
Business Acquisition [Line Items]
Business acquisition, consideration payable	$ 327,500,000
Business acquisition, transaction costs		$ 700,000	$ 1,300,000
Business acquisition, accrued costs and expenses		100,000	100,000
Tropicana Entertainment Inc
Business Acquisition [Line Items]
Business acquisition, consideration payable	1,850,000,000
Business acquisition, transaction costs		2,500,000	3,500,000
Business acquisition, accrued costs and expenses		$ 100,000	$ 100,000
Tropicana Entertainment Inc | Committed debt financing
Business Acquisition [Line Items]
Business acquisition, consideration payable	600,000,000
Tropicana Entertainment Inc | New Revolving Credit Facility
Business Acquisition [Line Items]
Credit facility	$ 500,000,000
Term of debt	5 years
Tropicana Entertainment Inc | Gaming and Leisure Properties
Business Acquisition [Line Items]
Business acquisition, consideration payable	$ 1,210,000,000
Tropicana Entertainment Inc | Gaming and Leisure Properties | Master lease
Business Acquisition [Line Items]
Business acquisition, consideration payable	$ 640,000,000
Acquired lease properties, initial term	15 years
Acquired lease properties, renewal term	20 years
Expected initial annual rent expense	$ 110,000,000