Revenue | Revenue The Company’s revenue contracts with customers consist of gaming wagers, sales of food, beverage, hotel rooms and other amenities, and agreements to provide management services. Revenues are recognized when control of the promised goods or services is transferred to the guest, in an amount that reflects the consideration that the Company expects to be entitled to receive in exchange for those goods or services, referred to as the transaction price. Other revenues also include rental income from tenants, which is recognized over the lease term, and contingent rental income, which is recognized when the right to receive such rental income is established according to the lease agreements. Revenue is recognized net of cash sales incentives and discounts and excludes sales and other taxes collected from guests on behalf of governmental authorities. The Company applies a practical expedient and accounts for its gaming and non-gaming contracts on a portfolio basis. This is because individual customer contracts have similar characteristics, and the Company reasonably expects the effects on the financial statements of applying its revenue recognition policy to the portfolio would not differ materially from applying its policy to the individual contracts. A summary of net revenues disaggregated by type of revenue and reportable segment is presented below (amounts in thousands). Refer to Note 16 for a discussion of the Company’s reportable segments. Three Months Ended September 30, 2018 Three Months Ended September 30, 2017 Las Vegas operations Native American management Corporate and other Total Las Vegas operations Native American management Corporate and other Total Casino $ 230,723 $ — $ — $ 230,723 $ 221,771 $ — $ — $ 221,771 Food and beverage 94,666 — — 94,666 87,311 — — 87,311 Room 39,306 — — 39,306 43,447 — — 43,447 Other (a) 24,840 — 1,545 26,385 22,418 — 1,399 23,817 Management fees 133 21,119 — 21,252 124 29,478 — 29,602 Net revenues $ 389,668 $ 21,119 $ 1,545 $ 412,332 $ 375,071 $ 29,478 $ 1,399 $ 405,948 Nine Months Ended September 30, 2018 Nine Months Ended September 30, 2017 Las Vegas operations Native American management Corporate and other Total Las Vegas operations Native American management Corporate and other Total Casino $ 699,726 $ — $ — $ 699,726 $ 664,443 $ — $ — $ 664,443 Food and beverage 280,226 — — 280,226 277,453 — — 277,453 Room 128,655 — — 128,655 139,401 — — 139,401 Other (a) 69,463 — 4,395 73,858 65,781 — 4,246 70,027 Management fees 450 66,644 — 67,094 379 90,126 — 90,505 Net revenues $ 1,178,520 $ 66,644 $ 4,395 $ 1,249,559 $ 1,147,457 $ 90,126 $ 4,246 $ 1,241,829 ____________________________________ (a) Other revenue included revenue from tenant leases of $6.0 million and $5.7 million for the three months ended September 30, 2018 and 2017 , respectively, and $18.3 million and $17.8 million for the nine months ended September 30, 2018 and 2017 , respectively. Revenue from tenant leases is accounted for under the lease accounting guidance and does not represent revenue recognized from contracts with customers. Casino Revenue Casino revenue includes gaming activities such as slot, table game and sports wagering. The transaction price for a gaming wagering contract is the difference between gaming wins and losses, not the total amount wagered. The transaction price is reduced for consideration payable to a guest, such as cash sales incentives and the change in progressive jackpot liabilities. Gaming contracts are typically completed daily based on the outcome of the wagering transaction and include a distinct performance obligation to provide gaming activities. Guests may receive discretionary incentives for complimentary food, beverage, rooms, entertainment and merchandise to encourage additional gaming, or may earn loyalty points based on their gaming activity. The Company allocates the transaction price to each performance obligation in the gaming wagering contract. The amount allocated to loyalty points earned is based on an estimate of the standalone selling price of the loyalty points, which is determined by the redemption value less an estimate for points not expected to be redeemed. The amount allocated to discretionary complimentaries is the standalone selling price of the underlying goods or services, which is determined using the retail price at which those goods or services would be sold separately in similar transactions. The remaining amount of the transaction price is allocated to wagering activity using the residual approach as the standalone selling price for gaming wagers is highly variable and no set established price exists for gaming wagers. Amounts allocated to wagering are recognized as casino revenue when the result of the wager is determined, and amounts allocated to loyalty points and discretionary complimentaries are recognized as revenue when the goods or services are provided. Non-gaming Revenue Non-gaming revenues include sales of food, beverage, hotel rooms and other amenities such as retail merchandise, bowling, spa services and entertainment. The transaction price is the net amount collected from the guest and includes a distinct performance obligation to provide such goods or services. Non-gaming revenues are recognized when the goods or services are provided to the guest. Guests may also earn loyalty points from non-gaming purchases or receive discretionary complimentaries that require the transaction price to be allocated to each performance obligation on a relative standalone selling price basis. Non-gaming revenues also include the portion of the transaction price from gaming or non-gaming contracts allocated to discretionary complimentaries and the value of loyalty points redeemed for food, beverage, room and other amenities. Discretionary complimentaries are classified in the departmental revenue category fulfilling the complimentary with a corresponding reduction in the departmental revenues that provided the complimentary, which is primarily casino revenue. Included in non-gaming revenues are discretionary complimentaries and loyalty point redemptions of $53.2 million and $47.2 million for the three months ended September 30, 2018 and 2017 , respectively, and $151.8 million and $137.8 million for the nine months ended September 30, 2018 and 2017 , respectively. Management Fee Revenue Management fee revenue primarily represents fees earned from the Company’s management agreements with Native American tribes. The transaction price for management contracts is the management fee to which the Company is entitled for its management services. The management fee represents variable consideration as it is based on a percentage of net income of the managed property, as defined in the management agreements. The management services are a single performance obligation to provide a series of distinct services over the term of the management agreement. The Company allocates and recognizes the management fee monthly as the management services are performed because there is a consistent measure throughout the contract period that reflects the value to the Native American tribe each month. Rewards Program The Rewards Program point liability represents deferred gaming and non-gaming revenue at the redemption value of loyalty points earned under the Rewards Program that management ultimately believes will be redeemed. The loyalty points earned represent future performance obligations of the Company. Guests are able to accumulate loyalty points over time that they may redeem at their discretion under the terms of the Rewards Program. Loyalty points may be redeemed for cash, free slot play, food, beverage, rooms, entertainment and merchandise. When points are redeemed for cash, the point liability is reduced for the amount of cash paid out. When points are redeemed for free slot play, food, beverage, rooms, entertainment and merchandise, revenues are recognized when the goods or services are provided, and such revenues are classified based on the type of goods or services provided with a corresponding reduction to the point liability. The Company’s performance obligation related to its loyalty point liability is generally completed within one year, as a guest’s loyalty point balance is forfeited after six months of inactivity for a local guest and after thirteen months for an out-of-town guest, as defined in the Rewards Program. The Company’s loyalty point liability was $21.0 million and $20.3 million at September 30, 2018 and December 31, 2017 , respectively. Loyalty points are generally earned and redeemed continually over time. As a result, the loyalty point liability balance remains relatively constant. Contract Balances The Company’s accounts receivable primarily represent receivables from contracts with customers and consist mainly of casino, hotel, ATM, cash advance, retail, management fees and other receivables, which are typically non-interest bearing. The Company has no material contract assets. Customer contract liabilities related to future performance obligations consist of the Rewards Program point liability, advance deposits on goods or services yet to be provided and wagers for future sporting events. Customer contract liabilities are included in Other accrued liabilities on the Condensed Consolidated Balance Sheets. Excluding the Rewards Program point liability, contract liabilities were $27.7 million and $24.8 million at September 30, 2018 and December 31, 2017 , respectively. Advance deposits and wagers for future sporting events represent cash payments received from guests that are typically recognized in revenues within one year from the date received. Fluctuations in these balances are a result of normal operating activities. The Company also has other customer-related liabilities that primarily include unpaid wagers and outstanding chips. Other customer-related liabilities were $7.5 million and $8.5 million at September 30, 2018 and December 31, 2017 , respectively, and are primarily included in Other accrued liabilities on the Condensed Consolidated Balance Sheets. Unpaid wagers include unredeemed gaming tickets that are exchanged for cash, and outstanding chips represent amounts owed to guests in exchange for gaming chips in their possession that may be redeemed for cash or recognized as revenue. Changes in other customer-related liabilities are a result of normal operating activities. |