Document_Entity_Information
Document Entity Information (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Feb. 25, 2014 | Jun. 30, 2013 |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'PINNACLE ENTERTAINMENT INC. | ' | ' |
Entity Central Index Key | '0000356213 | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Entity Public Float | ' | ' | $1,010 |
Entity Common Stock, Shares Outstanding | ' | 59,197,606 | ' |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Revenues: | ' | ' | ' |
Gaming | $1,327,266 | $892,284 | $840,687 |
Food and beverage | 78,857 | 53,474 | 48,452 |
Lodging | 31,297 | 21,937 | 20,859 |
Retail, entertainment and other | 50,416 | 35,141 | 30,876 |
Total revenues | 1,487,836 | 1,002,836 | 940,874 |
Expenses and other costs: | ' | ' | ' |
Gaming | 733,459 | 501,354 | 480,516 |
Food and beverage | 69,756 | 47,110 | 42,554 |
Lodging | 14,820 | 11,624 | 10,011 |
Retail, entertainment and other | 23,303 | 19,852 | 18,664 |
General and administrative | 287,381 | 181,175 | 179,674 |
Depreciation and amortization | 148,456 | 82,689 | 70,205 |
Pre-opening and development costs | 89,009 | 21,508 | 8,817 |
Write-downs, reserves and recoveries, net | 17,265 | 829 | 3,167 |
Total expenses and other costs | 1,383,449 | 866,141 | 813,608 |
Operating income | 104,387 | 136,695 | 127,266 |
Net interest expense, net of capitalized interest | -169,812 | -93,670 | -95,308 |
Loss on early extinguishment of debt | -30,830 | -20,718 | -183 |
Loss from equity method investment | -92,181 | -30,780 | -588 |
Income (loss) from continuing operations before income taxes | -188,436 | -8,473 | 31,187 |
Income tax (expense) benefit | 55,055 | -4,764 | -2,284 |
Income (loss) from continuing operations | -133,381 | -13,237 | 28,903 |
Loss from discontinued operations, net of income taxes | -122,540 | -18,568 | -31,442 |
Net loss | -255,921 | -31,805 | -2,539 |
Loss attributable to non-controlling interest | -51 | 0 | 0 |
Net loss attributable to Pinnacle Entertainment Inc. | ($255,870) | ($31,805) | ($2,539) |
Net loss per common share - basic | ' | ' | ' |
Income (loss) from continuing operations | ($2.27) | ($0.22) | $0.47 |
Loss from discontinued operations, net of income taxes | ($2.09) | ($0.30) | ($0.51) |
Net loss per common share-basic | ($4.36) | ($0.52) | ($0.04) |
Net loss per common share - diluted | ' | ' | ' |
Income (loss) from continuing operations | ($2.27) | ($0.22) | $0.46 |
Loss from discontinued operations, net of income taxes | ($2.09) | ($0.30) | ($0.50) |
Net loss per common share-diluted | ($4.36) | ($0.52) | ($0.04) |
Number of shares - basic | 58,707 | 61,258 | 61,989 |
Number of shares - diluted | 58,707 | 61,258 | 62,467 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Net loss | ($255,921) | ($31,805) | ($2,539) |
Post-retirement benefit obligations | 381 | 73 | -133 |
Comprehensive loss | -255,540 | -31,732 | -2,672 |
Comprehensive loss attributed to non-controlling interest | -51 | 0 | 0 |
Comprehensive loss attributable to Pinnacle Entertainment, Inc. | ($255,489) | ($31,732) | ($2,672) |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current Assets: | ' | ' |
Cash and cash equivalents | $191,938 | $94,800 |
Accounts receivable, net of allowance for doubtful accounts of $5,178 and $7,308 | 33,569 | 19,340 |
Inventories | 8,193 | 5,530 |
Held-to-maturity securities | 0 | 4,428 |
Income tax receivable, net | 17,397 | 0 |
Prepaid expenses and other assets | 20,871 | 11,468 |
Deferred Tax Assets, Net | 7,662 | 0 |
Assets of discontinued operations held for sale | 319,189 | 459,841 |
Total current assets | 598,819 | 595,407 |
Restricted cash | 11,592 | 5,667 |
Land, buildings, vessels and equipment, net | 3,039,874 | 1,285,871 |
Goodwill | 919,282 | 55,157 |
Equity method investments | 1,975 | 91,424 |
Intangible assets, net | 500,084 | 20,833 |
Other assets, net | 87,800 | 54,635 |
Total assets | 5,159,426 | 2,108,994 |
Current Liabilities: | ' | ' |
Accounts payable | 69,036 | 30,401 |
Accrued interest | 49,318 | 26,422 |
Accrued compensation | 77,322 | 32,800 |
Accrued taxes | 38,348 | 19,803 |
Other accrued liabilities | 96,273 | 62,212 |
Deferred income taxes | 0 | 3,210 |
Current portion of long-term debt | 16,006 | 3,250 |
Liabilities of discontinued operations held for sale | 26,103 | 21,429 |
Total current liabilities | 372,406 | 199,527 |
Long-term debt less current portion | 4,364,045 | 1,437,251 |
Other long-term liabilities | 31,321 | 21,606 |
Deferred income taxes | 166,484 | 3,493 |
Total liabilities | 4,934,256 | 1,661,877 |
Commitments and contingencies (Note 11) | ' | ' |
Stockholders' Equity: | ' | ' |
Preferred stock—$1.00 par value, 250,000 shares authorized, none issued or outstanding | 0 | 0 |
Common stock—$0.10 par value, 100,000,000 authorized, 59,197,606 and 58,206,813 shares outstanding, net of treasury shares | 6,557 | 6,458 |
Additional paid-in capital | 1,075,896 | 1,053,919 |
Retained deficit | -798,049 | -542,179 |
Accumulated other comprehensive income | 390 | 9 |
Treasury stock, at cost, 6,374,882 of treasury shares for both periods | -71,090 | -71,090 |
Total stockholders' equity | 213,704 | 447,117 |
Non-controlling interest | 11,466 | 0 |
Total stockholders' equity | 225,170 | 447,117 |
Total liabilities and stockholders' equity | $5,159,426 | $2,108,994 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Allowance for doubtful accounts | $5,178 | $7,308 |
Preferred stock, par value | $1 | $1 |
Preferred stock, shares authorized | 250,000 | 250,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $0.10 | $0.10 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares outstanding | 59,197,606 | 58,206,813 |
Treasury stock, shares | 6,374,882 | 6,374,882 |
CONSOLIDATED_STATEMENTS_OF_CHA
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $) | Total | Common Stock | Additional Paid-in Capital | Retained Deficit | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Total attributed to parent | Non-controlling interest |
In Thousands, except Share data | ||||||||
Beginning balance at Dec. 31, 2010 | $507,370 | $6,360 | $1,032,548 | ($511,798) | $350 | ($20,090) | $507,370 | $0 |
Beginning balance, share at Dec. 31, 2010 | ' | 61,592,000 | ' | ' | ' | ' | ' | ' |
Net loss | -2,539 | 0 | 0 | -2,539 | 0 | 0 | -2,539 | 0 |
Post-retirement benefit obligations | -133 | 0 | 135 | 0 | -268 | 0 | -133 | 0 |
Comprehensive loss | -2,672 | ' | ' | ' | ' | ' | ' | ' |
Adoption of jackpot liability guidance | 3,963 | 0 | 0 | 3,963 | 0 | 0 | 3,963 | 0 |
Share-based compensation | 6,700 | 0 | 6,700 | 0 | 0 | 0 | 6,700 | 0 |
Common stock issuance and option exercises, shares | ' | 552,000 | ' | ' | ' | ' | ' | ' |
Common stock issuance and option exercises, value | 4,031 | 56 | 3,975 | 0 | 0 | 0 | 4,031 | 0 |
Ending balance at Dec. 31, 2011 | 519,392 | 6,416 | 1,043,358 | -510,374 | 82 | -20,090 | 519,392 | 0 |
Ending balance, share at Dec. 31, 2011 | ' | 62,144,000 | ' | ' | ' | ' | ' | ' |
Net loss | -31,805 | 0 | 0 | -31,805 | 0 | 0 | -31,805 | 0 |
Post-retirement benefit obligations | 73 | 0 | 146 | 0 | -73 | 0 | 73 | 0 |
Comprehensive loss | -31,732 | ' | ' | ' | ' | ' | ' | ' |
Share-based compensation | 8,795 | 0 | 8,795 | 0 | 0 | 0 | 8,795 | 0 |
Common stock issuance and option exercises, shares | ' | 429,000 | ' | ' | ' | ' | ' | ' |
Common stock issuance and option exercises, value | 1,662 | 42 | 1,620 | 0 | 0 | 0 | 1,662 | 0 |
Treasury stock repurchase, value | -51,000 | 0 | 0 | 0 | 0 | -51,000 | -51,000 | 0 |
Treasury stock repurchase, shares | ' | -4,366,000 | ' | ' | ' | ' | ' | ' |
Ending balance at Dec. 31, 2012 | 447,117 | 6,458 | 1,053,919 | -542,179 | 9 | -71,090 | 447,117 | 0 |
Ending balance, share at Dec. 31, 2012 | ' | 58,207,000 | ' | ' | ' | ' | ' | ' |
Net loss | -255,921 | 0 | 0 | -255,870 | 0 | 0 | -255,870 | -51 |
Post-retirement benefit obligations | 381 | 0 | 0 | 0 | 381 | 0 | 381 | 0 |
Comprehensive loss | -255,540 | ' | ' | ' | ' | ' | ' | ' |
Distribution to minority owner | -911 | 0 | 0 | 0 | 0 | 0 | 0 | -911 |
Non-controlling interest | 12,428 | 0 | 0 | 0 | 0 | 0 | 0 | 12,428 |
Share-based compensation | 11,978 | 0 | 11,978 | 0 | 0 | 0 | 11,978 | 0 |
Common stock issuance and option exercises, shares | ' | 869,000 | ' | ' | ' | ' | ' | ' |
Common stock issuance and option exercises, value | 10,004 | 87 | 9,917 | 0 | 0 | 0 | 10,004 | 0 |
Tax benefit from stock option exercises | 65 | 0 | 65 | 0 | 0 | 0 | 65 | 0 |
Share issuance, shares | ' | 122,000 | ' | ' | ' | ' | ' | ' |
Share issuance, value | 29 | 12 | 17 | 0 | 0 | 0 | 29 | 0 |
Ending balance at Dec. 31, 2013 | $225,170 | $6,557 | $1,075,896 | ($798,049) | $390 | ($71,090) | $213,704 | $11,466 |
Ending balance, share at Dec. 31, 2013 | ' | 59,198,000 | ' | ' | ' | ' | ' | ' |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Net loss | ($255,921) | ($31,805) | ($2,539) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ' | ' | ' |
Depreciation and amortization | 160,997 | 115,804 | 105,499 |
Loss on disposal of assets | 3,554 | 1,952 | 2,892 |
Loss from equity method investment | 92,181 | 30,780 | 588 |
Loss on early extinguishment of debt | 30,830 | 20,718 | 183 |
Reserve on uncollectible loan receivable | 86 | 1,700 | 0 |
Impairment of indefinite-lived intangible | 10,000 | 0 | 0 |
Impairment of buildings, vessels and equipment | 144,726 | 0 | 8,903 |
Impairment of Real Estate | 1,534 | 6,950 | 17,853 |
Amortization of debt issuance costs and debt discounts | 6,432 | 6,519 | 5,238 |
Share-based compensation expense | 11,978 | 8,795 | 6,700 |
Change in income taxes | -51,627 | 848 | -840 |
Other operating activities | 0 | 0 | 446 |
Changes in operating assets and liabilities: | ' | ' | ' |
Receivables, net | -1,721 | 6,348 | -8,606 |
Prepaid expenses, inventories and other | 10,565 | 997 | 9,276 |
Accounts payable, accrued expenses and other | -2,547 | 17,300 | -13,784 |
Net cash provided by operating activities | 161,067 | 186,906 | 131,809 |
Cash flows from investing activities: | ' | ' | ' |
Capital expenditures and land additions | -292,623 | -299,464 | -153,452 |
Payment for business combinations | -1,749,736 | -4,300 | -45,216 |
Equity method investment, inclusive of capitalized interest | -2,732 | -24,408 | -98,383 |
Purchase of held-to-maturity debt securities | -5,853 | -20,062 | 0 |
Proceeds from matured investments | 4,428 | 12,757 | 0 |
Proceeds from sale of property and equipment | 1,148 | 4,295 | 3,675 |
Net proceeds from sale of discontinued operations | 205,703 | 10,784 | 0 |
Purchase of intangible asset | 0 | -1,057 | 0 |
Proceeds from non-refundable deposit | 3,151 | 25,000 | 0 |
Refund of restricted cash | 656 | 413 | 0 |
Loans receivable | -6,884 | -6,037 | 0 |
Net cash used in investing activities | -1,842,742 | -302,079 | -293,376 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from Credit Facility | 2,168,835 | 47,500 | 99,000 |
Proceeds from issuance of long-term debt | 850,000 | 646,750 | 0 |
Repayments of long-term debt | -1,205,435 | -495,000 | -53,104 |
Proceeds from common stock options exercised, net | 10,070 | 1,482 | 3,717 |
Payments on other secured and unsecured notes payable | 0 | -653 | 0 |
Purchase of treasury stock | 0 | -51,000 | 0 |
Distribution to non-controlling interest minority owner | -911 | 0 | 0 |
Debt issuance and other financing costs | -44,101 | -12,408 | -3,139 |
Net cash provided by financing activities | 1,778,458 | 136,671 | 46,474 |
Increase (decrease) in cash and cash equivalents | 96,783 | 21,498 | -115,093 |
Cash and cash equivalents at the beginning of the year | 101,792 | 80,294 | 195,387 |
Cash and cash equivalents at the end of the year | 198,575 | 101,792 | 80,294 |
Supplemental Cash Flow Information: | ' | ' | ' |
Cash paid for interest, net of amounts capitalized | 141,199 | 82,831 | 90,513 |
Cash payments (refunds) related to income taxes, net | 2,629 | 3,474 | -1,802 |
Increase (decrease) in construction related deposits and liabilities | -163 | -1,340 | 25,757 |
Non-cash consideration for business combination | 0 | -300 | 0 |
Non-cash issuance of common stock | $227 | $180 | $312 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||||||||||||||
Summary of Significant Accounting Policies | ' | |||||||||||||||||||
Summary of Significant Accounting Policies | ||||||||||||||||||||
Basis of Presentation and Organization. Pinnacle Entertainment, Inc. (“Pinnacle”) is an owner, operator and developer of casinos and related hospitality and entertainment facilities. In August 2013, we acquired all of the outstanding common shares of Ameristar Casinos, Inc. ("Ameristar") in an all cash transaction valued at $26.50 per share representing total consideration of $2.8 billion, including assumed debt. For further information about the acquisition, see Note 7, Investments and Acquisition Activities. References in these footnotes to “Pinnacle,” the “Company,” “we,” “our” or “us” refer to Pinnacle Entertainment, Inc. and its subsidiaries, except where stated or the context otherwise indicates. | ||||||||||||||||||||
Excluding discontinued operations, we own 14 gaming properties in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, and Nevada. We also own a racetrack in Ohio that is currently being re-developed into a new gaming entertainment facility and manage Retama Park Racetrack in San Antonio, Texas. In addition to these properties, we own and operate a live and televised poker tournament series under the trade name Heartland Poker Tour. Prior to the acquisition of Ameristar, we viewed each property as a reporting segment, with the exception of our St. Louis, Missouri properties, which were aggregated into the "St. Louis" reporting segment. Upon the acquisition of Ameristar, we have changed our reporting segments as follows: | ||||||||||||||||||||
Midwest segment, which includes: | Location | |||||||||||||||||||
Ameristar Council Bluffs | Council Bluffs, Iowa | |||||||||||||||||||
Ameristar East Chicago | East Chicago, Indiana | |||||||||||||||||||
Ameristar Kansas City | Kansas City, Missouri | |||||||||||||||||||
Ameristar St. Charles | St. Charles, Missouri | |||||||||||||||||||
Belterra Casino Resort | Florence, Indiana | |||||||||||||||||||
Belterra Park Gaming & Entertainment Center (formerly River Downs) | Cincinnati, Ohio | |||||||||||||||||||
River City Casino | St. Louis, Missouri | |||||||||||||||||||
South segment, which includes: | Location | |||||||||||||||||||
Ameristar Vicksburg | Vicksburg, Mississippi | |||||||||||||||||||
Boomtown Bossier City | Bossier City, Louisiana | |||||||||||||||||||
Boomtown New Orleans | New Orleans, Louisiana | |||||||||||||||||||
L'Auberge Baton Rouge | Baton Rouge, Louisiana | |||||||||||||||||||
L'Auberge Lake Charles | Lake Charles, Louisiana | |||||||||||||||||||
West segment, which includes: | Location | |||||||||||||||||||
Ameristar Black Hawk | Black Hawk, Colorado | |||||||||||||||||||
Cactus Petes | Jackpot, Nevada | |||||||||||||||||||
The Horseshu | Jackpot, Nevada | |||||||||||||||||||
We have classified certain of our assets and liabilities as held for sale in our Consolidated Balance Sheets and included the related results of operations in discontinued operations. As of December 31, 2013, Lumière Place Casino and Hotels are considered held for sale and the related results of operations have been reclassified as discontinued operations. In November 2013, we completed the sale of our equity interest in the entity developing the Ameristar Casino Lake Charles project, which was considered held for sale. We received approximately $180 million in cash, which excludes $35 million of deferred consideration. For further information, see Note 8, Discontinued Operations. Our Consolidated Statements of Cash Flows have not been adjusted for discontinued operations. | ||||||||||||||||||||
Principles of Consolidation. The accompanying Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles ("GAAP") in the United States and the rules and regulations of the Securities and Exchange Commission (“SEC”). The results for the periods reflect all adjustments that management considers necessary for a fair presentation of operating results. The Consolidated Financial Statements include the accounts of Pinnacle Entertainment, Inc. and its subsidiaries. Investments in the common stock of unconsolidated affiliates in which we have the ability to exercise significant influence are accounted for under the equity method. All significant intercompany accounts and transactions have been eliminated in consolidation. | ||||||||||||||||||||
Use of Estimates. The preparation of Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and (iii) the reported amounts of revenues and expenses during the reporting period. Estimates used by us include, among other things, the estimated useful lives for depreciable and amortizable assets, the estimated allowance for doubtful accounts receivable, estimated income tax provisions, the evaluation of the future realization of deferred tax assets, determining the adequacy of reserves for self-insured liabilities and our customer loyalty programs, estimated cash flows in assessing the recoverability of long-lived assets, asset impairments, goodwill and intangible assets, contingencies and litigation, and estimates of the forfeiture rate and expected life of share-based awards and stock price volatility when computing share-based compensation expense. Actual results may differ from those estimates. | ||||||||||||||||||||
Fair Value. Fair value measurements affect our accounting and impairment assessments of our long-lived assets, investments in unconsolidated affiliates, assets acquired in an acquisition, goodwill, and other intangible assets. Fair value measurements also affect our accounting for certain financial assets and liabilities. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and is measured according to a hierarchy that includes: "Level 1" inputs, such as quoted prices in an active market for identical assets or liabilities; "Level 2" inputs, which are observable inputs for similar assets; or "Level 3" inputs, which are unobservable inputs. | ||||||||||||||||||||
The following table presents a summary of fair value measurements by level for certain liabilities measured at fair value on a recurring basis in the Consolidated Balance Sheets: | ||||||||||||||||||||
Fair Value Measurements Using: | ||||||||||||||||||||
Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||
(in millions) | ||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||
Deferred compensation | $ | 0.8 | $ | 0.8 | $ | — | $ | — | ||||||||||||
As of December 31, 2012 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||
Deferred compensation | $ | 1 | $ | 1 | $ | — | $ | — | ||||||||||||
The following table presents a summary of fair value measurements by level for certain financial instruments not measured at fair value on a recurring basis in the Consolidated Balance Sheets for which it is practicable to estimate fair value: | ||||||||||||||||||||
Fair Value Measurements Using: | ||||||||||||||||||||
Total Carrying Value | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
(in millions) | ||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Held-to-maturity securities | $ | 14.8 | $ | 30.1 | $ | — | $ | 26.7 | $ | 3.4 | ||||||||||
Promissory notes | $ | 9.5 | $ | 16.5 | $ | — | $ | 16.5 | $ | — | ||||||||||
Liabilities: | ||||||||||||||||||||
Long-term debt | $ | 4,380.10 | $ | 4,511.90 | $ | — | $ | 4,511.90 | $ | — | ||||||||||
As of December 31, 2012 | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Held-to-maturity securities | $ | 14.4 | $ | 14.4 | $ | — | $ | 9.9 | $ | 4.5 | ||||||||||
Promissory notes | $ | 4 | $ | 4 | $ | — | $ | 4 | $ | — | ||||||||||
Liabilities: | ||||||||||||||||||||
Long-term debt | $ | 1,440.50 | $ | 1,532.10 | $ | — | $ | 1,532.10 | $ | — | ||||||||||
The estimated fair values for certain of our long-term held-to-maturity securities and our long-term promissory notes were based on Level 2 inputs using observable market data for comparable instruments in establishing prices. | ||||||||||||||||||||
The estimated fair values for certain of our long-term held-to-maturity securities were based on Level 3 inputs using a present value of future cash flow valuation technique that relies on management assumptions and qualitative observations. Key significant unobservable inputs in this technique include discount rate risk premiums and probability-weighted cash flow scenarios. | ||||||||||||||||||||
The estimated fair values of our long-term debt include the fair value of our senior notes, senior subordinated notes and senior secured credit facility using Level 2 inputs of observable market data on comparable debt instruments on or about December 31, 2013. | ||||||||||||||||||||
Cash and Cash Equivalents. Cash and cash equivalents totaled approximately $191.9 million and $94.8 million at December 31, 2013 and 2012, respectively. Cash equivalents are highly liquid investments with an original maturity of less than three months and are stated at the lower of cost or market value and are valued using Level 1 inputs. | ||||||||||||||||||||
Accounts Receivable. Accounts receivable consist primarily of casino, hotel and other receivables. We extend casino credit to approved customers in states where it is permitted following investigations of creditworthiness. Accounts receivable are non-interest bearing and are initially recorded at cost. We have estimated an allowance for doubtful accounts of $5.2 million and $7.3 million as of December 31, 2013 and 2012, respectively, to reduce receivables to their carrying amount, which approximates fair value. The allowance for doubtful accounts is estimated based upon, among other things, collection experience, customer credit evaluations and the age of the receivables. Bad debt expense totaled $2.2 million, $3.8 million, and $2.9 million for the years ended December 31, 2013, 2012, and 2011, respectively. | ||||||||||||||||||||
Inventories. Inventories, which consist primarily of food, beverage and retail items, are stated at the lower of cost or market value. Costs are determined using the first-in, first-out and the weighted average methods. | ||||||||||||||||||||
Restricted Cash. Long-term restricted cash of $11.6 million and $5.7 million as of December 31, 2013 and 2012, respectively, consists primarily of indemnification trust deposits. | ||||||||||||||||||||
Land, Buildings, Vessels and Equipment. Land, buildings, vessels and equipment are stated at cost. Land includes land not currently being used in our operations that totaled $39.2 million at December 31, 2013 and $27.2 million at December 31, 2012. During the fourth quarter of 2012, we recorded $4.7 million in accelerated depreciation expense associated with assets at our Belterra Park property, due to the planned demolition of the grandstand and related facilities to make way for a new gaming entertainment center development. | ||||||||||||||||||||
For the year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Depreciation expense | $ | 139.1 | $ | 82.5 | $ | 70.1 | ||||||||||||||
We capitalize the costs of improvements that extend the life of the asset. We expense maintenance and repairs costs as incurred. Gains or losses on the dispositions of land, buildings, vessels or equipment are included in the determination of income. We depreciate our land improvements, buildings, vessels and equipment using the straight-line method over the shorter of the estimated useful life of the asset or the related lease term, as follows: | ||||||||||||||||||||
Years | ||||||||||||||||||||
Land improvements | 5 to 20 | |||||||||||||||||||
Buildings and improvements | 15 to 35 | |||||||||||||||||||
Vessels | 10 to 25 | |||||||||||||||||||
Furniture, fixtures and equipment | 3 to 20 | |||||||||||||||||||
Development costs directly associated with the acquisition, development and construction of a project are capitalized as a cost of the project during the periods in which activities necessary to get the property ready for its intended use are in progress. The costs incurred for development projects are carried at cost. Interest costs associated with development projects are capitalized as part of the cost of the constructed asset. When no debt is incurred specifically for a project, interest is capitalized on amounts expended for the project using our weighted-average cost of borrowing. Capitalization of interest ceases when the project, or discernible portions of the project, is substantially complete. If substantially all of the construction activities of a project are suspended, capitalization of interest will cease until such activities are resumed. For further discussion, see Note 3, Long-Term Debt. | ||||||||||||||||||||
Equity Method Investments. We apply equity method accounting for investments when we do not control the investee, but have the ability to exercise significant influence over its operating and finance policies. Equity method investments are recorded at cost, with the allocable portion of the investee's income or loss reported in earnings, and adjusted for capital contributions to and distributions from the investee. Distributions in excess of equity method earnings, if any, are recognized as a return of investment and recorded as investing cash flows in the Consolidated Statements of Cash Flows. We review our equity investments for impairment whenever events or changes in circumstances indicate that the carrying value of our investment may have experienced an other-than-temporary decline in value. If such conditions exist, we would compare the estimated fair value of the investment to its carrying value to determine if an impairment is indicated. In addition, we would determine if the impairment is other-than-temporary based on our assessment of all relevant factors, including consideration of our intent and ability to retain the investment. To estimate fair value, we would use a discounted cash flow analysis based on estimated future results of the investee and market indicators of terminal year capitalization rates. | ||||||||||||||||||||
Goodwill and Indefinite-lived Intangible Assets. Goodwill consists of the excess of the acquisition cost over the fair value of the net assets acquired in business combinations. Indefinite-lived intangible assets include gaming licenses, trademarks and a racing license. Goodwill and other indefinite-lived intangible assets are subject to an annual assessment for impairment during the fourth quarter, or more frequently if there are indications of possible impairment. During the third quarter of 2013, we determined there was an indication of impairment for our Boomtown Bossier City gaming license due to a decrease in forecasted financial performance resulting from new competition, and we recorded an impairment charge of $10 million. There were no impairments to goodwill for the years ended December 31, 2013, 2012 or 2011. For further discussion, see Note 9, Goodwill and Other Intangible Assets. | ||||||||||||||||||||
During the year ended December 31, 2013, we recorded a total of $864.1 million of goodwill and $529.2 million of intangible assets related to our acquisitions of Ameristar and Pinnacle Retama Partners, LLC. In November 2013, we completed the sale of our equity interests in the entity developing the Ameristar Casino Lake Charles project, and as a result, we no longer hold a $29.8 million gaming license acquired through the Ameristar acquisition. For further discussion, see Note 7, Investments and Acquisition Activities and Note 8, Discontinued Operations. | ||||||||||||||||||||
In July 2012, we recorded goodwill totaling $2.6 million related to the acquisition of the Heartland Poker Tour. In January 2011, we recorded goodwill totaling $35.8 million related to the purchase of Belterra Park (formerly River Downs). | ||||||||||||||||||||
Debt Issuance Costs and Debt Discounts/Premiums. Debt issuance costs include costs incurred in connection with the issuance of debt and are capitalized and amortized over the contractual term of the debt to interest expense. Debt issuance costs of the revolving credit facility are amortized on a straight-line basis, while all other debt issuance costs are amortized using the effective interest method. Unamortized debt issuance costs were $54.1 million and $34.3 million at December 31, 2013 and 2012, respectively, and are included in “Other assets, net” on our Consolidated Balance Sheets. Debt discounts/premiums incurred in connection with the issuance of debt have been included as a component of the carrying value of debt and are being amortized to interest expense using the effective interest method. Amortization of debt issuance costs and debt discounts/premiums included in interest expense was $6.4 million, $6.5 million, and $5.2 million for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||||||||||||
Self-Insurance Accruals. We are self-insured up to certain limits for costs associated with general liability, workers’ compensation and employee health coverage. Insurance claims and reserves include accruals of estimated settlements for known claims, legal costs related to settling such claims and accruals of actuarial estimates of incurred but not reported claims. At December 31, 2013 and 2012, we had total self-insurance accruals of $26.2 million and $13.7 million, respectively, which are included in “Other accrued liabilities” in our Consolidated Balance Sheets. The increase in the December 31, 2013 self-insurance accruals as compared with December 31, 2012 is primarily a result of the Ameristar acquisition. In estimating these accruals, we consider historical loss experience and make judgments about the expected level of costs per claim. We believe the estimates of future liability are reasonable based upon our methodology; however, changes in health care costs, accident frequency and severity could materially affect the estimate for these liabilities. | ||||||||||||||||||||
Customer Loyalty Program. We currently offer incentives to our customers through two customer loyalty programs - mychoice for our legacy Pinnacle properties and Star Awards for the legacy Ameristar properties. Under both programs, customers earn points based on their level of play that may be redeemed for various benefits, such as cash back, dining, or hotel stays, among others. The reward credit balance under both plans will be forfeited if the customer does not earn any reward credits over the prior six-month period for mychoice, or 12-month period for Star Awards. In addition, based on their level of play under the mychoice program, customers can earn additional benefits without redeeming points, such as a car lease, among other items. | ||||||||||||||||||||
We accrue a liability for the estimated cost of providing these benefits as the benefits are earned. Estimates and assumptions are made regarding cost of providing the benefits, breakage rates, and the mix of goods and services customers will choose. We use historical data to assist in the determination of estimated accruals. Changes in estimates or customer redemption habits could produce significantly different results. At December 31, 2013 and 2012, we had accrued $18.9 million and $10.6 million, respectively, for the estimated cost of providing these benefits. The accrual increased in 2013 primarily as a result of the addition of the Star Awards program for the legacy Ameristar properties. Such amounts are included in "Other accrued liabilities" in our Consolidated Balance Sheets. | ||||||||||||||||||||
Income Taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are provided against deferred tax assets when it is deemed more likely than not that some portion or all of the deferred tax asset will not be realized within a reasonable time period. We assess tax positions using a two-step process. A tax position is recognized if it meets a "more likely than not" threshold, and is measured at the largest amount of benefit that is greater than 50.0% percent of being realized. Uncertain tax positions are reviewed each balance sheet date. Liabilities recorded as a result of this analysis are classified as current or long-term based on the timing of expected payment. See Note 4, Income Taxes, for additional information. | ||||||||||||||||||||
Revenue Recognition. Gaming revenues consist of the net win from gaming activities, which is the difference between amounts wagered and amounts paid to winning patrons. Food and beverage, lodging, retail, entertainment, and other operating revenues are recognized as products are delivered or services are performed. | ||||||||||||||||||||
The retail value of food and beverage, lodging and other services furnished to guests on a complimentary basis is included in total revenues and then deducted as promotional allowances. The estimated cost of providing such promotional allowances is primarily included in casino expenses. Complimentary revenues that have been excluded from the accompanying Consolidated Statements of Operations for the years ended December 31, 2013, 2012 and 2011 were as follows: | ||||||||||||||||||||
For the year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Food and beverage | $ | 94.7 | $ | 58.1 | $ | 55.8 | ||||||||||||||
Lodging | 49.3 | 28.1 | 27.4 | |||||||||||||||||
Other | 13.4 | 9.6 | 8.4 | |||||||||||||||||
Total promotional allowances | $ | 157.4 | $ | 95.8 | $ | 91.6 | ||||||||||||||
The cost to provide such complimentary benefits for the years ended December 31, 2013, 2012 and 2011 were as follows: | ||||||||||||||||||||
For the year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Promotional allowance costs included in gaming expense | $ | 111.2 | $ | 72.4 | $ | 69.7 | ||||||||||||||
Gaming Taxes. We are subject to taxes based on gross gaming revenues in the jurisdictions in which we operate, subject to applicable jurisdictional adjustments. These gaming taxes are an assessment on our gaming revenues and are recorded as a gaming department expense in the Consolidated Statements of Operations. These taxes for the years ended December 31, 2013, 2012 and 2011 were as follows: | ||||||||||||||||||||
For the year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Gaming taxes | $ | 378.6 | $ | 261.8 | $ | 247.7 | ||||||||||||||
Advertising Costs. We expense advertising costs the first time the advertising takes place. These costs are included in gaming expenses in the accompanying Consolidated Statements of Operations. In addition, advertising costs associated with development projects are included in pre-opening and development costs until the project is completed. These costs for the years ended December 31, 2013, 2012 and 2011 consist of the following: | ||||||||||||||||||||
For the year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Advertising costs | $ | 20.9 | $ | 22.1 | $ | 17.1 | ||||||||||||||
Pre-opening and Development Costs. Pre-opening costs consist of payroll costs to hire, employ and train the workforce prior to opening an operating facility; marketing campaigns prior to and commensurate with the opening; legal and professional fees related to the project but not otherwise attributable to depreciable assets; lease payments; real estate taxes; acquisition costs and similar costs prior to the opening. During 2013, we incurred costs associated with the acquisition and integration of Ameristar that were principally comprised of legal and advisory expenses, severance charges and other costs and expenses. Development costs include master planning, conceptual design fees and general and administrative costs related to our projects. Pre-opening and development costs are expensed as incurred and for the years ended December 31, 2013, 2012 and 2011 consist of the following: | ||||||||||||||||||||
For the year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Ameristar acquisition | $ | 85.3 | $ | — | $ | — | ||||||||||||||
Other | 3.7 | 21.5 | 8.8 | |||||||||||||||||
Total pre-opening and development costs | $ | 89 | $ | 21.5 | $ | 8.8 | ||||||||||||||
Share-based Compensation. We measure the cost of awards of equity instruments to employees based on the grant-date fair value of the award. The grant-date fair value is determined using the Black-Scholes model. The fair value, net of estimated forfeitures, is amortized as compensation cost on a straight-line basis over the vesting period. See Note 6, Employee Benefit Plans. | ||||||||||||||||||||
Earnings per Share. Diluted earnings per share reflects the addition of potentially dilutive securities, which include in-the money stock options, restricted stock units and phantom stock units. We calculate the effect of dilutive securities using the treasury stock method. A total of 1.0 million, 4.4 million, and 4.1 million out-of-money stock options were excluded from the calculation of diluted earnings per share for the years ended December 31, 2013, 2012 and 2011, respectively, because including them would have been anti-dilutive. | ||||||||||||||||||||
For the years ended December 31, 2013 and 2012, we recorded a net loss from continuing operations. Accordingly, the potential dilution from the assumed exercise of stock options is anti-dilutive. As a result, basic earnings per share is equal to diluted earnings per share for such years. Options and securities that could potentially dilute basic earnings per share in the future that were not included in the computation of diluted earnings per share were 1.7 million and 0.5 million, respectively. | ||||||||||||||||||||
Treasury stock. In July 2012, the Board of Directors authorized a share repurchase program of up to $100 million of shares of our Common Stock. The cost of the shares acquired is treated as a deduction from stockholders' equity. During the year ended December 31, 2012, we repurchased 4.4 million shares of common stock, and deducted $51.0 million from stockholders' equity. The Company suspended share repurchase activity late in 2012. The share repurchase authorization still remains in place. | ||||||||||||||||||||
Business Combinations. We allocate the business combination purchase price to tangible and identifiable intangible assets acquired and liabilities assumed based on their fair values. The excess of the purchase price over those fair values is recorded as goodwill. We determined the fair value of identifiable intangible assets, such as customer relationships and trademarks, as well as any other significant tangible assets or liabilities, such as long-lived property. The fair value allocation methodology requires management to make assumptions and apply judgment to estimate the fair value of acquired assets and liabilities assumed. Management estimates the fair value of assets and liabilities primarily using discounted cash flows and replacement cost analysis. Provisional fair value measurements of acquired assets and liabilities assumed may be retrospectively adjusted during the measurement period. The measurement period ends once we are able to determine we have obtained all necessary information that existed as of the acquisition date or once we determine that such information is unavailable. The measurement period does not extend beyond one year from the acquisition date. See Note 7, Investment and Acquisition Activities, for additional information. | ||||||||||||||||||||
Reclassifications. The Consolidated Financial Statements reflect certain reclassifications to prior year amounts to conform to classification in the current period. Prior year amounts in the Consolidated Balance Sheets, Consolidated Statements of Operations, and Notes to the Consolidated Financial Statements have been adjusted for reclassification of Lumière Place Casino and Hotels from continuing operations to discontinued operations and Note 13, Segment Information, has been recast to reflect our new reporting segment presentation. These reclassifications had no effect on previously reported net losses. | ||||||||||||||||||||
Recently Issued Accounting Pronouncements | ||||||||||||||||||||
In February 2013, the Financial Accounting Standards Board ("FASB") issued new accounting guidance for the reporting of amounts reclassified out of accumulated other comprehensive income. The amendment requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is reclassified to a balance sheet account instead of directly to income or expense in the same reporting period. The new guidance was effective prospectively for reporting periods beginning after December 15, 2012. We adopted this guidance during the first quarter of 2013 and it did not have a material impact on our financial statements. | ||||||||||||||||||||
In July 2013, the FASB issued an amendment to accounting for income taxes which provides guidance on financial statement presentation of an unrecognized tax benefit when a net operating loss ("NOL") carryforward, a similar tax loss, or a tax credit carryforward exists. The objective in issuing this amendment is to eliminate diversity in practice resulting from a lack of guidance on this topic in current GAAP. Under the amendment, an entity must present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for an NOL carryforward, a similar tax loss, or a tax credit carryforward except under certain conditions. The amendment is effective for fiscal years beginning after December 15, 2013, and for interim periods within those years, and should be applied to all unrecognized tax benefits that exist as of the effective date. The adoption of this standard is not expected to have an impact on our financial position, results of operations or cash flows. | ||||||||||||||||||||
A variety of proposed or otherwise potential accounting standards are currently under review and study by standard-setting organizations and certain regulatory agencies. Because of the tentative and preliminary nature of such proposed standards, we have not yet determined the effect, if any, that the implementation of any such proposed or revised standards would have on our Consolidated Financial Statements. |
Land_Buildings_Vessels_and_Equ
Land, Buildings, Vessels and Equipment | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Land, Buildings, Riverboats and Equipment [Abstract] | ' | |||||||
Land, Buildings, Vessels and Equipment | ' | |||||||
Land, Buildings, Vessels and Equipment | ||||||||
Impairment of long-lived assets: We review our long-term assets for impairment whenever events or circumstances indicate that the carrying value may not be recoverable. During the year ended December 31, 2013, we recorded impairment charges totaling $1.5 million related to a decline in value of our excess land in Lake Charles, Louisiana. | ||||||||
The following table presents a summary of our land, buildings, vessels and equipment: | ||||||||
For the year ended December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Land, buildings, vessels and equipment: | ||||||||
Land and land improvements | $ | 395.1 | $ | 241.2 | ||||
Buildings, vessels and improvements | 2,492.20 | 1,113.30 | ||||||
Furniture, fixtures and equipment | 633.1 | 428.3 | ||||||
Construction in progress | 175.6 | 46.4 | ||||||
Land, buildings, vessels and equipment, gross | 3,696.00 | 1,829.20 | ||||||
Less: accumulated depreciation | (656.1 | ) | (543.3 | ) | ||||
Land, buildings, vessels and equipment, net | $ | 3,039.90 | $ | 1,285.90 | ||||
LongTerm_Debt
Long-Term Debt | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | |||||||||||||||
Long-term Debt, Unclassified [Abstract] | ' | ||||||||||||||
Long-term Debt | ' | ||||||||||||||
Long-Term Debt | |||||||||||||||
Long-term debt consisted of the following: | |||||||||||||||
31-Dec-13 | |||||||||||||||
Outstanding Principal | Unamortized (Discount) Premium | Long-Term Debt, Net | |||||||||||||
(in millions) | |||||||||||||||
Senior Secured Credit Facility: | |||||||||||||||
Revolving Credit Facility due 2018 | $ | 493.6 | $ | — | $ | 493.6 | |||||||||
Term B1 Loan due 2016 | 202 | (7.7 | ) | 194.3 | |||||||||||
Term B2 Loan due 2020 | 1,094.50 | (26.0 | ) | 1,068.50 | |||||||||||
6.375% Senior Notes due 2021 | 850 | — | 850 | ||||||||||||
7.50% Senior Notes due 2021 | 1,040.00 | 58.6 | 1,098.50 | ||||||||||||
7.75% Senior Subordinated Notes due 2022 | 325 | — | 325 | ||||||||||||
8.75% Senior Subordinated Notes due 2020 | 350 | — | 350 | ||||||||||||
Other | 0.1 | — | 0.1 | ||||||||||||
4,355.20 | 24.9 | 4,380.10 | |||||||||||||
Less current maturities | (16.0 | ) | — | (16.0 | ) | ||||||||||
$ | 4,339.20 | $ | 24.9 | $ | 4,364.10 | ||||||||||
31-Dec-12 | |||||||||||||||
Outstanding Principal | Unamortized Discount | Long-Term Debt, Net | |||||||||||||
(in millions) | |||||||||||||||
Senior Secured Credit Facility: | |||||||||||||||
Term Loan | $ | 322.6 | $ | (2.9 | ) | $ | 319.7 | ||||||||
7.75% Senior Subordinated Notes due 2022 | 325 | — | 325 | ||||||||||||
8.75% Senior Subordinated Notes due 2020 | 350 | — | 350 | ||||||||||||
8.625% Senior Notes due 2017 | 450 | (4.2 | ) | 445.8 | |||||||||||
1,447.60 | (7.1 | ) | 1,440.50 | ||||||||||||
Less current maturities | (3.3 | ) | — | (3.3 | ) | ||||||||||
$ | 1,444.30 | $ | (7.1 | ) | $ | 1,437.30 | |||||||||
Amended and Restated Credit Agreement: On August 13, 2013, we entered into an Amended and Restated Credit Agreement ("Credit Facility"), which amended and restated our Fourth Amended and Restated Credit Agreement dated as of August 2, 2011, as amended. The Credit Facility consists of (i) $1.6 billion of term loans comprised of $500 million of Tranche B-1 term loans and $1.1 billion in Tranche B-2 term loans and (ii) a $1.0 billion revolving credit commitment. As of December 31, 2013, we had approximately $493.6 million drawn under the revolving credit facility, and had approximately $8.6 million committed under letters of credit. The Credit Facility was entered into in connection with our acquisition of Ameristar. The outstanding principal on the Tranche B-1 and Tranche B-2 term loans have been discounted on issuance for the reduction in the proceeds received when the transaction was consummated. During the fourth quarter of 2013, we repaid approximately $230 million of term loans, principally with proceeds from the divestiture of the Ameristar Casino Lake Charles development project. | |||||||||||||||
The loans under the Credit Facility are due to be paid as follows: (i) the Tranche B-1 term loans are subject to 0.25% quarterly principal amortization requirements and the remaining principal outstanding is due and payable in full on August 13, 2016; (ii) the revolving credit loans are due and payable in full on August 13, 2018; and (iii) the Tranche B-2 term loans are subject to 0.25% quarterly principal amortization requirements and the remaining principal outstanding is due and payable in full on August 13, 2020; provided, that such date shall be accelerated to November 15, 2019, if any portion of Pinnacle’s 8.75% senior subordinated notes due 2020 are outstanding on November 19, 2019. | |||||||||||||||
The Credit Facility has, among other things, financial covenants and other affirmative and negative covenants. As of December 31, 2013, the Credit Facility requires compliance with the following ratios so long as there are outstanding borrowings under our revolving credit facility: (1) maximum consolidated total leverage ratio (as defined in the Credit Facility) of 8.0 to 1.00; (2) minimum consolidated interest coverage ratio (as defined in the Credit Facility) of 2.0 to 1.00; and (3) maximum consolidated senior secured debt ratio (as defined in the Credit Facility) of 3.5 to 1.00. In addition, the Credit Facility has covenants that limit the amount of senior unsecured debt we may incur to $3.5 billion, unless our maximum consolidated total leverage ratio is less than 6.0 to 1.00. The maximum consolidated total leverage ratio and maximum senior secured debt ratio are subject to change periodically for future fiscal quarters. As of December 31, 2013, we were in compliance with each of these ratios, and compliance with these ratios does not have a material impact on our financial flexibility, including our ability to incur new indebtedness. | |||||||||||||||
The Credit Facility permits us, in the future, to increase the commitments under the revolving credit facility and to obtain term loan commitments, in each case from existing or new lenders that are willing to commit to such an increase, so long as we are in pro-forma compliance with the Credit Facility's financial and other covenants, including a consolidated senior secured debt ratio and a consolidated total leverage ratio. | |||||||||||||||
In connection with the Ameristar transaction, we used the proceeds from the Credit Facility, along with the proceeds from an August 2013 offering of $850 million in aggregate principal amount of 6.375% senior notes due 2021 (the "6.375% Notes" discussed below) to finance the aggregate cash consideration for the acquisition of Ameristar, refinance Ameristar's and our existing credit facilities, including the repayment of our then-existing term loan and the then-outstanding balance of our credit facility, pay related transaction fees and expenses, redeem our then-existing 8.625% senior notes due 2017 and to provide working capital and funds for general corporate purposes. | |||||||||||||||
6.375% Senior Notes due 2021: In August 2013, we issued $850 million in aggregate principal amount of 6.375% senior notes due 2021 ("6.375% Notes") to fund the acquisition of Ameristar. The 6.375% Notes bear interest at a rate of 6.375% per year, payable semi-annually in arrears on February 1 and August 1, commencing on February 1, 2014. The 6.375% Notes mature on August 1, 2021. The net proceeds from the offering of the 6.375% Notes, after deducting the initial purchasers' selling commissions and the estimated offering expenses payable by Pinnacle, were approximately $835 million. | |||||||||||||||
7.50% Senior Notes due 2021: As part of the acquisition of Ameristar, we assumed $1.04 billion in aggregate principal amount 7.50% Senior Notes due 2021 (“7.50% Notes”) that were originally issued by Ameristar. The 7.50% Notes bear interest at a rate of 7.50% per year, payable semi-annually in arrears on April 15 and October 15 of each year. The 7.50% Notes mature on April 15, 2021. The 7.50% Notes were recorded at fair value as part of the purchase price allocation with a premium of $72.8 million. In addition, a consent fee payment to the holders of the 7.50% Notes at acquisition was included as a discount component of the total carrying value. For further details on the purchase price allocation, see Note 7, Investments and | |||||||||||||||
Acquisition activities. | |||||||||||||||
As part of the merger, we were required to receive waivers of, and amendments to, certain provisions of the indenture governing the 7.50% Notes. In April 2013, Ameristar successfully completed the solicitation of consents from holders of the 7.50% Notes, and we paid a total consent fee of $19.6 million to the holders of the 7.50% Notes, of which $9.8 million was paid in April 2013 and $9.8 million was paid in August 2013. | |||||||||||||||
7.75% Senior Subordinated Notes due 2022: On March 19, 2012, we issued $325 million in aggregate principal amount of 7.75% senior subordinated notes due 2022 (“7.75% Notes”). The 7.75% Notes were issued at par with interest payable on April 1st and October 1st of each year. The 7.75% Notes mature on April 1, 2022. Net of initial purchasers’ fees and various costs and expenses, proceeds from the offering were approximately $318 million. | |||||||||||||||
8.75% Senior Subordinated Notes due 2020: In May 2010, we issued $350 million in aggregate principal amount of 8.75% senior subordinated notes due 2020 ("8.75% Notes"). The 8.75% Notes were issued at par with interest payable on May 15th and November 15th of each year. The 8.75% Notes mature on May 15, 2020. Net of the initial purchasers' fees and various costs and expenses, proceeds from the offering were approximately $341.5 million. | |||||||||||||||
8.625% Senior Notes due 2017: In August 2009, we issued $450 million in aggregate principal amount of 8.625% senior unsecured notes due 2017 ("8.625% Notes"). In August 2013, we redeemed all of our 8.625% Notes. | |||||||||||||||
The 6.375% Notes, 7.5% Notes, 8.75% Notes, and 7.75% Notes become callable at a premium over their face amount on August 1, 2016, April 15, 2015, May 15, 2015, and April 1, 2017, respectively. Such premiums decline periodically as the notes progress toward their respective maturities. All of our notes are redeemable prior to such times at a price that reflects a yield to the first call that is equivalent to the applicable Treasury bond yield plus 0.5 percentage points. | |||||||||||||||
6.375% Notes Redeemable | 8.75% Notes Redeemable | 7.75% Notes Redeemable | 7.50% Notes Redeemable | ||||||||||||
On or after | At a % of | On or after | At a % of | On or after | At a % of | On or after | At a % of | ||||||||
August 1, | par equal to | May 15, | par equal to | April 1, | par equal to | 15-Apr | par equal to | ||||||||
2016 | 104.78% | 2015 | 104.38% | 2017 | 103.88% | 2015 | 105.62% | ||||||||
2017 | 103.19% | 2016 | 102.92% | 2018 | 102.58% | 2016 | 103.75% | ||||||||
2018 | 101.59% | 2017 | 101.46% | 2019 | 101.29% | 2017 | 101.88% | ||||||||
2019 and thereafter | 100.00% | 2018 and thereafter | 100.00% | 2020 and thereafter | 100.00% | 2018 and thereafter | 100.00% | ||||||||
Our indentures governing our senior and senior subordinated notes and our Credit Facility limit the amount of dividends we are permitted to pay. | |||||||||||||||
7.50% Senior Subordinated Notes due 2015: In March 2012, we redeemed all $385 million in aggregate principal amount of our 7.50% Notes, of which we held $10.0 million. Holders were paid an aggregate of approximately $407 million, representing 103.75% of par, plus accrued and unpaid interest. | |||||||||||||||
Interest expense, net was as follows: | |||||||||||||||
For the year ended December 31, | |||||||||||||||
2013 | 2012 | 2011 | |||||||||||||
(in millions) | |||||||||||||||
Interest expense | $ | 173.5 | $ | 114.8 | $ | 106 | |||||||||
Interest income | (0.4 | ) | (0.8 | ) | (0.4 | ) | |||||||||
Capitalized interest | (3.3 | ) | (20.3 | ) | (10.3 | ) | |||||||||
Total interest expense, net of capitalized interest | $ | 169.8 | $ | 93.7 | $ | 95.3 | |||||||||
Interest expense is capitalized on internally constructed assets at our overall weighted average cost of borrowing. Interest expense increased due to the additional debt incurred to fund our acquisition of Ameristar and other development projects. | |||||||||||||||
Loss on early extinguishment of debt was as follows: | |||||||||||||||
For the year ended December 31, | |||||||||||||||
2013 | 2012 | 2011 | |||||||||||||
(in millions) | |||||||||||||||
Loss on early extinguishment of debt | $ | 30.8 | $ | 20.7 | $ | 0.2 | |||||||||
During 2013, we recorded a $30.8 million loss related to the early redemption of our 8.625% Notes and the amendment and restatement of our Fourth Amended and Restated Credit Agreement. The loss included redemption premiums and the write-off of previously unamortized debt issuance costs and original issuance discount costs. For 2012, we recorded a $20.7 million loss related to the early redemption of our 7.5% Senior Subordinated Notes due 2015. The loss included redemption premiums and the write-off of previously unamortized debt issuance costs and original issuance discount costs. | |||||||||||||||
Scheduled maturities of long-term debt: As of December 31, 2013, annual maturities of secured and unsecured notes payable are as follows (amounts shown in millions): | |||||||||||||||
Year ending December 31: | |||||||||||||||
2014 | $ | 16 | |||||||||||||
2015 | 16 | ||||||||||||||
2016 | 203 | ||||||||||||||
2017 | 11 | ||||||||||||||
2018 | 504.6 | ||||||||||||||
Thereafter | 3,604.60 | ||||||||||||||
Total | 4,355.20 | ||||||||||||||
Less unamortized debt discounts | (33.7 | ) | |||||||||||||
Unamortized debt premium | 58.6 | ||||||||||||||
Long-term debt, including current portion | $ | 4,380.10 | |||||||||||||
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||||||
Income Taxes | ' | ||||||||||||||||||||
Income Taxes | |||||||||||||||||||||
The composition of our income tax (expense) benefit from continuing operations for the years ended December 31, 2013, 2012 and 2011 was as follows: | |||||||||||||||||||||
Current | Deferred | Total | |||||||||||||||||||
(in millions) | |||||||||||||||||||||
Year ended December 31, 2013: | |||||||||||||||||||||
U.S. Federal | $ | — | $ | 53.8 | $ | 53.8 | |||||||||||||||
State | (3.3 | ) | 4.6 | 1.3 | |||||||||||||||||
$ | (3.3 | ) | $ | 58.4 | $ | 55.1 | |||||||||||||||
Year ended December 31, 2012: | |||||||||||||||||||||
U.S. Federal | $ | — | $ | (0.9 | ) | $ | (0.9 | ) | |||||||||||||
State | (4.0 | ) | 0.1 | (3.9 | ) | ||||||||||||||||
$ | (4.0 | ) | $ | (0.8 | ) | $ | (4.8 | ) | |||||||||||||
Year ended December 31, 2011: | |||||||||||||||||||||
U.S. Federal | $ | — | $ | 1.4 | $ | 1.4 | |||||||||||||||
State | (3.4 | ) | (0.3 | ) | (3.7 | ) | |||||||||||||||
$ | (3.4 | ) | $ | 1.1 | $ | (2.3 | ) | ||||||||||||||
The following table reconciles our effective income tax rate from continuing operations to the federal statutory tax rate of 35%: | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Percent | Amount | Percent | Amount | Percent | Amount | ||||||||||||||||
(dollars in millions) | |||||||||||||||||||||
Federal income tax (expense) benefit at the statutory rate | 35 | % | $ | 66 | 35 | % | $ | 3 | (35.0 | )% | $ | (10.9 | ) | ||||||||
State income taxes, net of federal tax benefits | 3.4 | % | 6.5 | (52.5 | )% | (4.4 | ) | (15.0 | )% | (4.7 | ) | ||||||||||
Non-deductible expenses and other | (0.9 | )% | (1.8 | ) | (8.1 | )% | (0.7 | ) | (2.2 | )% | (0.7 | ) | |||||||||
Cancellation of stock options | — | % | — | (24.5 | )% | (2.1 | ) | (3.9 | )% | (1.2 | ) | ||||||||||
Non-deductible donation of land | — | % | — | — | % | — | (3.7 | )% | (1.1 | ) | |||||||||||
Acquisition costs | (5.4 | )% | (10.2 | ) | — | % | — | — | % | — | |||||||||||
Reserves for unrecognized tax benefits | (0.1 | )% | (0.2 | ) | (1.4 | )% | (0.1 | ) | 1.7 | % | 0.5 | ||||||||||
Credits | 0.8 | % | 1.6 | 6.2 | % | 0.4 | 3 | % | 0.9 | ||||||||||||
Change in valuation allowance/reserve of deferred tax assets | (3.6 | )% | (6.8 | ) | (10.9 | )% | (0.9 | ) | 47.8 | % | 14.9 | ||||||||||
Income tax (expense) benefit from continuing operations | 29.2 | % | $ | 55.1 | (56.2 | )% | $ | (4.8 | ) | (7.3 | )% | $ | (2.3 | ) | |||||||
The following table shows the allocation of income tax (expense) benefit between continuing operations, discontinued operations and equity: | |||||||||||||||||||||
For the year ended December 31, | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
(in millions) | |||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (188.5 | ) | $ | (8.4 | ) | $ | 31.2 | |||||||||||||
Income tax (expense) benefit allocated to continuing operations | 55.1 | (4.8 | ) | (2.3 | ) | ||||||||||||||||
Income (loss) from continuing operations | (133.4 | ) | (13.2 | ) | 28.9 | ||||||||||||||||
Loss from discontinued operations before income taxes | (123.8 | ) | (18.9 | ) | (31.6 | ) | |||||||||||||||
Income tax (expense) benefit allocated to discontinued operations | 1.2 | 0.3 | 0.2 | ||||||||||||||||||
Loss from discontinued operations | (122.6 | ) | (18.6 | ) | (31.4 | ) | |||||||||||||||
Net loss | $ | (255.9 | ) | $ | (31.8 | ) | $ | (2.5 | ) | ||||||||||||
Income tax (expense) benefit allocated to other comprehensive income | $ | — | $ | — | $ | 0.2 | |||||||||||||||
At December 31, 2013 and 2012, the tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and deferred tax liabilities were: | |||||||||||||||||||||
December 31, | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
(in millions) | |||||||||||||||||||||
Deferred tax assets—current: | |||||||||||||||||||||
Workers’ compensation insurance reserve | $ | 4.3 | $ | 2.7 | |||||||||||||||||
Allowance for doubtful accounts | 2.8 | 3.1 | |||||||||||||||||||
Legal and merger costs | 4.8 | 3.6 | |||||||||||||||||||
Accruals, reserves and other | 29.2 | 7.7 | |||||||||||||||||||
Less valuation allowance | (22.5 | ) | (16.4 | ) | |||||||||||||||||
Total deferred tax assets—current | 18.6 | 0.7 | |||||||||||||||||||
Deferred tax liabilities—current: | |||||||||||||||||||||
Prepaid expenses | (7.0 | ) | (3.9 | ) | |||||||||||||||||
Accruals, reserves and other | (3.9 | ) | — | ||||||||||||||||||
Total deferred tax liabilities—current | (10.9 | ) | (3.9 | ) | |||||||||||||||||
Net current deferred tax asset (liabilities) | $ | 7.7 | $ | (3.2 | ) | ||||||||||||||||
Deferred tax assets—non-current: | |||||||||||||||||||||
Federal tax credit carry-forwards | $ | 31.2 | $ | 28.9 | |||||||||||||||||
Federal net operating loss carry-forwards | 188.1 | 91.4 | |||||||||||||||||||
State net operating loss carry-forwards | 29.6 | 9.8 | |||||||||||||||||||
Capital loss carry-forwards | 5.9 | 6.3 | |||||||||||||||||||
Deferred compensation | 2.6 | 2.6 | |||||||||||||||||||
Pre-opening expenses capitalized for tax purposes | 10.8 | 11.6 | |||||||||||||||||||
ACDL investment write-down | 38.5 | 9.1 | |||||||||||||||||||
Share-based compensation expense—book cost | 8.8 | 11.9 | |||||||||||||||||||
Bond payable | 27.7 | — | |||||||||||||||||||
Accruals, reserves and other | 42 | 18.6 | |||||||||||||||||||
Less valuation allowance | (237.7 | ) | (184.7 | ) | |||||||||||||||||
Total deferred tax assets—non-current | 147.5 | 5.5 | |||||||||||||||||||
Deferred tax liabilities—non-current: | |||||||||||||||||||||
Land, buildings, vessels and equipment, net | (187.2 | ) | (2.9 | ) | |||||||||||||||||
Intangible assets | (126.8 | ) | (6.1 | ) | |||||||||||||||||
Total deferred tax liabilities—non-current | (314.0 | ) | (9.0 | ) | |||||||||||||||||
Net non-current deferred tax liabilities | $ | (166.5 | ) | $ | (3.5 | ) | |||||||||||||||
The following table summarizes the total deferred tax assets and total deferred tax liabilities provided in the previous table: | |||||||||||||||||||||
December 31, | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
(in millions) | |||||||||||||||||||||
Total deferred tax assets | $ | 426.3 | $ | 207.3 | |||||||||||||||||
Less valuation allowances | (260.2 | ) | (201.1 | ) | |||||||||||||||||
Less total deferred tax liabilities | (324.9 | ) | (12.9 | ) | |||||||||||||||||
Net deferred tax liabilities | $ | (158.8 | ) | $ | (6.7 | ) | |||||||||||||||
In 2013, we recorded a tax benefit from the release of $58.4 million of our valuation allowance as a result of the consolidation of our deferred tax assets with the Ameristar deferred tax liability. As of December 31, 2013, we continue to provide a full valuation allowance against deferred tax assets for all jurisdictions except for certain states that are more likely than not to be realized. In evaluating the need for a valuation allowance, we consider all sources of taxable income available to realize the deferred tax asset, including the future reversal of existing temporary differences, forecasts of future taxable income, and tax planning strategies. We have a cumulative U.S. pretax accounting loss for the years 2011 through 2013. Considering all available evidence both positive and negative, and in light of the cumulative losses in recent years, we determined that a full valuation allowance was appropriate. | |||||||||||||||||||||
As of December 31, 2013, our tax filings reflected available Alternative Minimum Tax (“AMT”) credit carry-forwards of $3.1 million, General Business Credit (“GBC”) carry-forwards of $17.7 million and Foreign Tax Credit (“FTC”) carry-forwards of $10.4 million. The FTC and GBC carry-forwards will begin to expire in 2020 through 2033, while the AMT credits can be carried forward indefinitely to reduce future regular tax liabilities. As of December 31, 2013, we had $553 million of federal net operating losses, which can be carried forward 20 years and will begin to expire in 2028. We also have $862 million of state net operating loss carry-forwards, predominantly in Louisiana and Missouri, that expire on various dates beginning in 2014. Our net operating loss carry-forwards include a $14.2 million excess tax benefit from stock option deductions, which have not been recognized for financial statement purposes. The excess tax benefit will be credited to additional paid-in capital when the net operating loss is utilized and reduces current-year income tax payable. | |||||||||||||||||||||
We file income tax returns in federal and state jurisdictions and are no longer subject to federal income tax examinations for tax years prior to 2011 and state income tax examinations for tax years prior to 2000. In 2012, our federal tax return was examined by the Internal Revenue Service for tax years 2009 and 2010. The examination concluded in January 2013 with adjustments to certain timing items that resulted in an immaterial impact on our 2012 income tax expense. In 2008, the Indiana Department of Revenue commenced an income tax examination of the Company's Indiana income tax filings for the 2005 to 2007 period. More recently in April 2012, we received a supplemental letter of findings from the Indiana Department of Revenue upholding the prior audit assessment on our Indiana income tax filings for the years 2005, 2006, and 2007. We filed an appeal in June 2012 with the Indiana Tax Court to set aside the entire audit assessment. Our appeal is currently pending Court review. For further discussion, see Note 11, Commitments and Contingencies. | |||||||||||||||||||||
As of December 31, 2013, we had $13.5 million of uncertain tax benefits that, if recognized, would impact the effective tax rate. Authoritative guidance requires companies to accrue interest and related penalties, if applicable, on all tax positions for which reserves have been established consistent with jurisdictional tax laws. We recognize accrued interest and penalties related to uncertain tax benefits as a component of income tax expense. During 2013, we accrued approximately $0.2 million of interest related to unrecognized tax benefits. We had $1.6 million of cumulative interest accrued as of the end of the year. No penalties were accrued for in any years. | |||||||||||||||||||||
The following table summarizes the activity related to uncertain tax benefits for 2013 and 2012, excluding any interest or penalties: | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
(in millions) | |||||||||||||||||||||
Balance as of January 1 | $ | 9.4 | $ | 7.7 | |||||||||||||||||
Gross increases - tax positions in prior periods | — | 1.5 | |||||||||||||||||||
Gross increases - tax positions in current period | 3.5 | 0.2 | |||||||||||||||||||
Gross decreases - tax positions in current period | (0.9 | ) | — | ||||||||||||||||||
Acquisition | 23.8 | — | |||||||||||||||||||
Statute of limitation expirations | (0.1 | ) | — | ||||||||||||||||||
Balance as of December 31 | $ | 35.7 | $ | 9.4 | |||||||||||||||||
Lease_Obligations
Lease Obligations | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Leases [Abstract] | ' | |||||||||||
Leases Obligations | ' | |||||||||||
Lease Obligations | ||||||||||||
We have certain long-term operating lease obligations, including corporate office space, land at various locations, water bottom leases in Louisiana, and office and gaming equipment. Minimum lease payments required under operating leases that have initial terms in excess of one year as of December 31, 2013 are as follows (amounts are reflected in millions): | ||||||||||||
Period: | ||||||||||||
2014 | $ | 13 | ||||||||||
2015 | 12 | |||||||||||
2016 | 11.6 | |||||||||||
2017 | 10.5 | |||||||||||
2018 | 10.3 | |||||||||||
Thereafter | 566.7 | |||||||||||
$ | 624.1 | |||||||||||
Total rent expense for these long-term lease obligations for the years ended December 31, 2013, 2012 and 2011 was $13.1 million, $11.3 million and $9.9 million, respectively. | ||||||||||||
We lease the 232 acres underlying our L’Auberge Lake Charles property. The lease has an initial term of 10 years, which commenced in May 2005, with six renewal options of 10 years each. The annual base rent for the lease is approximately $1.0 million per year, which amount adjusts annually for changes in the consumer price index. | ||||||||||||
We lease the 56 acres that our River City Casino occupies in St. Louis, Missouri. The lease has a term of 99 years, which commenced in September 2005. The annual rent for the lease is the greater of $4.0 million or 2.5% of annual adjusted gross receipts, as defined in the lease agreement. | ||||||||||||
We lease approximately 148 of the 315 acres that our Belterra Casino Resort occupies in southern Indiana. The lease period is 50 years total, including an initial five-year lease term with nine consecutive five-year automatic renewal periods. The current lease term is through September 2015 and has seven remaining renewal periods. The lease currently provides for minimum annual rental payments of approximately $1.4 million, plus 1.5% of gross gaming win (as defined in the lease agreement) in excess of $100 million. We also have the option to purchase the land on or after October 2020 for $30 million, subject to adjustments as defined in the lease agreement. | ||||||||||||
We lease the Ameristar East Chicago site from the City of East Chicago under a ground lease that expires (after giving effect to our renewal options) in 2086. | ||||||||||||
We lease corporate office space in Las Vegas, Nevada at various locations. Base rent for these locations ranges from $0.6 million per year to $1.9 million per year, subject to periodic base rate increases. The lease periods range from month-to-month to 10 years, subject to certain renewal options. | ||||||||||||
We are a party to a number of cancellable slot participation and some table game participation arrangements at our various casinos that are customary for casino operations. The slot arrangements generally consist of either a fixed-rent agreement on a per-day basis or a percentage of each slot machine’s gaming revenue, generally payable at month-end. Slot and table game participation expense increased in 2013 primarily as a result of the acquisition of Ameristar. Slot and table game participation expense included in Gaming Expense in the Consolidated Statements of Operation was as follows: | ||||||||||||
For the year ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(in millions) | ||||||||||||
Slot and table game participation expenses | $ | 20.7 | $ | 16.4 | $ | 16.4 | ||||||
Employee_Benefit_Plans
Employee Benefit Plans | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Employee Benefit and Other Plans [Abstract] | ' | |||||||||||||
Employee Benefit Plans | ' | |||||||||||||
Employee Benefit Plans | ||||||||||||||
Share-based Compensation: Our 2005 Equity and Performance Incentive Plan (the “2005 Plan”) allows us to grant stock options, stock appreciation rights, restricted stock, restricted stock units and other performance awards to officers, employees and consultants. The 2005 Plan permits the issuance of up to approximately 9.0 million shares of the Company’s common stock. Grants of stock options or stock appreciation rights are counted against the approximately 9.0 million share limit as one share for every one share granted. All other awards under the 2005 Plan are counted against the share limit as 1.4 shares for every one share granted. | ||||||||||||||
In addition, in 2008 and 2010, in order to recruit our executive officers, we granted options outside of the 2005 Plan for the purchase of 850,000 shares of common stock, all of which remained outstanding as of December 31, 2013. In connection with the acquisition of Ameristar, we granted to employees of Ameristar options to purchase 198,000 shares of common stock and 74,000 restricted stock units, which were outstanding as of December 31, 2013. Pursuant to our Annual Incentive Plans, as adopted under the 2005 Plan, 25% of our executive officers' bonuses are payable in restricted stock units, and such executive officers may elect to receive an additional 25% of their bonus in restricted stock units. | ||||||||||||||
Directors Deferred Compensation Plan: Any director may elect to receive phantom stock units in lieu of payment of an annual retainer and board fees under the Company's Directors Deferred Compensation Plan. Phantom stock units are fully expensed when granted. Each phantom stock unit is the economic equivalent of one share of our common stock. Units of phantom stock are payable in common stock following the director’s cessation of service as a director for any reason. | ||||||||||||||
As of December 31, 2013, we have approximately 6.6 million share-based awards outstanding, approximately 0.6 million of which are restricted stock units and other share-based awards. There were approximately 2.7 million share-based awards available for grant under the various plans as of December 31, 2013. | ||||||||||||||
Stock options: Options are granted at the current market price at the date of grant. The following table summarizes information related to our common stock options under the Stock Option Plans: | ||||||||||||||
Number of Stock Options | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term | Aggregate Intrinsic Value | |||||||||||
(in years) | (in millions) | |||||||||||||
Options outstanding at January 1, 2013 | 5,519,345 | $ | 11.78 | |||||||||||
Granted | 1,251,159 | $ | 21.64 | |||||||||||
Exercised | (880,031 | ) | $ | 11.48 | ||||||||||
Canceled / Forfeited | (381,227 | ) | $ | 10.88 | ||||||||||
Options outstanding at December 31, 2013 | 5,509,246 | $ | 14.01 | 5.33 | $ | 66.4 | ||||||||
Options exercisable at December 31, 2013 | 2,636,839 | $ | 12.62 | 4.69 | $ | 35.6 | ||||||||
Expected to vest at December 31, 2013 | 2,176,609 | $ | 15.55 | 5.94 | $ | 22.7 | ||||||||
The following information is provided for our stock options: | ||||||||||||||
For the year ended December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
(in millions, except grant date fair value) | ||||||||||||||
Weighted-average grant date fair value | $ | 10.63 | $ | 5.06 | $ | 6.65 | ||||||||
Intrinsic value of stock options exercised | $ | 9.2 | $ | 0.5 | $ | 3 | ||||||||
Net cash proceeds from exercise of stock options | $ | 10.1 | $ | 1.5 | $ | 3.7 | ||||||||
Unamortized compensation costs not yet expensed related to stock options granted totaled approximately $18.9 million at December 31, 2013 and the weighted average period over which the costs are expected to be recognized is approximately two years. | ||||||||||||||
Restricted stock units: The following table summarizes information related to our restricted stock units, as of December 31, 2013 was as follows: | ||||||||||||||
Number of Shares | Weighted Average Fair Value | |||||||||||||
Non-vested shares at January 1, 2013 | 220,537 | $ | 11.33 | |||||||||||
Granted | 714,958 | $ | 20.55 | |||||||||||
Vested | (243,769 | ) | $ | 14.6 | ||||||||||
Canceled / Forfeited | (62,208 | ) | $ | 15.64 | ||||||||||
Non-vested shares at December 31, 2013 | 629,518 | $ | 20.11 | |||||||||||
Unamortized compensation costs not yet expensed related to non-vested shares totaled approximately $11.4 million at December 31, 2013 and the weighted average period over which the costs are expected to be recognized is approximately two years. | ||||||||||||||
Performance stock units: The following table summarizes information related to our performance stock units as December 31, 2013: | ||||||||||||||
Number of Shares | Weighted Average Fair Value | |||||||||||||
Non-vested shares at January 1, 2013 | — | $ | — | |||||||||||
Granted | 442,540 | $ | 22.84 | |||||||||||
Canceled / Forfeited | (10,682 | ) | $ | 25.14 | ||||||||||
Non-vested shares at December 31, 2013 | 431,858 | $ | 22.79 | |||||||||||
Compensation cost: We use the Black-Scholes option-pricing model and the Monte Carlo simulation in order to calculate the compensation costs of employee share-based compensation. Such models require the use of subjective assumptions, including the expected life of the option, the expected volatility of the underlying stock, and the expected dividend on the stock. | ||||||||||||||
In computing the share-based compensation, the following is a weighted average of the assumptions used: | ||||||||||||||
Risk- Free Interest Rate | Expected Life at Issuance (in years) | Expected Volatility | Expected Dividends | |||||||||||
Options granted in the following periods: | ||||||||||||||
2013 | 1.2 | % | 5.11 | 57 | % | None | ||||||||
2012 | 0.8 | % | 5.25 | 58 | % | None | ||||||||
2011 | 1.8 | % | 5.14 | 56.7 | % | None | ||||||||
The expected volatility was derived from an analysis of both the historic actual volatility of our common stock and the implied volatilities of traded options in our common stock. Future volatility may be substantially less or greater than the expected volatility. We do not currently pay dividends, and we do not anticipate that dividends will be paid within the average expected life of existing options. U.S. Treasury rates with similar maturities are used as the proxy for the risk-free rate. The expected life at issuance is based on our experience as to the average historical term of option grants that were exercised, canceled or forfeited. The total compensation costs recognized were as follows: | ||||||||||||||
For the year ended December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
(in millions) | ||||||||||||||
Share-based compensation expense | $ | 11.5 | $ | 8.5 | $ | 6.5 | ||||||||
401(k) Plan: We maintain the Pinnacle Entertainment, Inc. 401(k) Investment Plan (the “401(k) Plan”). The 401(k) Plan is an employee benefit plan subject to the provisions of the Employee Retirement Income Security Act of 1974, and is intended to be a qualified plan under Section 401(a) of the Internal Revenue Code of 1986. Participants of the 401(k) Plan may contribute up to 100% of pretax income, subject to the legal limitation ($17,500 for 2013). In addition, participants who are age 50 or older may make an additional contribution to the 401(k) Plan, commonly referred to as a “catch-up” contribution ($5,500 for 2013). We consider discretionary matching contributions under the 401(k) Plan, which vest ratably over four to five years, of a 25% to 50% discretionary match, up to 4% to 5% of eligible compensation. For the years ended December 31, 2013, 2012 and 2011, matching contributions to the 401(k) Plan totaled $2.4 million, $1.5 million, and $1.5 million, respectively. | ||||||||||||||
Executive Deferred Compensation Plan: We maintain an Executive Deferred Compensation Plan (the “Executive Plan”), which allows certain highly compensated employees to defer, on a pre-tax basis, a portion of their annual base salary and bonus. Participation in the Executive Plan is limited. A participant is at all times fully vested in his or her contributions, as well as any attributable appreciation or depreciation thereof. We do not make matching contributions to the Executive Plan for the benefit of participating employees, and the payment of benefits under the plan is an unsecured obligation. The total obligation under the Executive Plan and the cash surrender value of insurance policies are as follow: | ||||||||||||||
December 31, | ||||||||||||||
2013 | 2012 | |||||||||||||
(in millions) | ||||||||||||||
Total obligation under Executive Plan (a) | $ | 6.5 | $ | 6.5 | ||||||||||
Cash surrender value of insurance policies (b) | $ | 2.8 | $ | 2.5 | ||||||||||
(a) | Recorded in "Other Long-Term Liabilities" in the Consolidated Balance Sheets. | |||||||||||||
(b) | Recorded in "Other Assets, Net" in the Consolidated Balance Sheets. | |||||||||||||
Directors' Medical Plan: In February 2007, the Board of Directors approved a directors’ health and medical plan designed to provide health and medical insurance benefits comparable to those provided to corporate executives (the “Directors’ Medical Plan”). To the extent that a covered individual has other insurance or Medicare coverage, the benefits under the Company’s coverage would be supplemental to those otherwise provided. The Directors’ Medical Plan covers directors and their dependents while the director is in office and provides benefits for those directors who leave the board after age 70 and their dependents and for directors in office at the time of a change in control and their dependents for a period of 5 years. At present, two members of the Board of Directors are over age 70. The benefit obligation is approximately $0.3 million and $0.4 million for years ended December 31, 2013 and 2012, respectively, and is recorded in “Other Long-Term Liabilities” in the Consolidated Balance Sheets. |
Equity_Method_Investments
Equity Method Investments | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Equity Method Investments and Joint Ventures [Abstract] | ' | ||||||||
Investments and Acquisition Activities | ' | ||||||||
Investments and Acquisition Activities | |||||||||
Acquisition of Ameristar Casinos, Inc.: On August 13, 2013, we completed the acquisition of Ameristar pursuant to an Agreement and Plan of Merger, dated December 20, 2012, as amended. Upon completion of the acquisition, Ameristar was merged with and into Pinnacle and ceased to exist as a separate entity. We expect this transaction will allow us to diversify operations into new geographical markets and will provide long term growth for our stockholders. | |||||||||
The purchase price totaled $1.8 billion (excluding assumed debt). We funded the cash required for the acquisition largely with debt financing. See discussion of new debt in Note 3, Long-Term Debt. The purchase price was comprised of the following (in thousands): | |||||||||
Consideration for Ameristar equity | $ | 962,428 | |||||||
Repayment of Ameristar debt | 878,828 | ||||||||
$ | 1,841,256 | ||||||||
We are required to allocate the purchase price to tangible and identifiable intangible assets acquired and liabilities assumed | |||||||||
based on their fair values. The excess of the purchase price over those fair values is recorded as goodwill, of which $176.9 million is deductible for tax purposes.The goodwill recognized is attributable primarily to expected synergies and the assembled workforce of Ameristar. The determination of the fair values of the acquired assets and assumed liabilities requires significant judgment. During the quarter ended December 31, 2013, we continued to review the preliminary purchase price allocation and finalized related valuations. Based upon these reviews, we made adjustments to the preliminary purchase price allocation that resulted in a decrease in goodwill of approximately $2.3 million in the quarter ended December 31, 2013. We have not yet finalized our valuation analysis for acquisition date income tax balances. | |||||||||
The following table reflects the preliminary allocation of the purchase price to the tangible and identifiable intangible | |||||||||
assets acquired and liabilities assumed, with the excess recorded as goodwill (in thousands). | |||||||||
Current and other assets | $ | 152,165 | |||||||
Property and equipment | 1,783,735 | ||||||||
Goodwill | 860,805 | ||||||||
Intangible assets | 524,200 | ||||||||
Other non-current assets | 39,496 | ||||||||
Total assets | 3,360,401 | ||||||||
Current liabilities | 179,493 | ||||||||
Deferred tax liabilities | 218,646 | ||||||||
Other long-term liabilities | 8,109 | ||||||||
Debt | 1,112,897 | ||||||||
Total liabilities | 1,519,145 | ||||||||
Net assets acquired | $ | 1,841,256 | |||||||
Of the $860.8 million in goodwill, approximately $551.1 million has been assigned to the Midwest reporting segment, approximately $231.5 million has been assigned to the South reporting segment, and approximately $78.2 million has been assigned to the West reporting segment. | |||||||||
The following table summarizes the acquired property and equipment. These are preliminary and may change as the purchase price allocation is finalized. | |||||||||
As Recorded at Fair Value | |||||||||
(in thousands) | |||||||||
Land and land improvements | $ | 162,770 | |||||||
Buildings, vessels and improvements | 1,308,151 | ||||||||
Furniture, fixtures and equipment | 158,999 | ||||||||
Construction in progress (a) | 153,815 | ||||||||
Total property and equipment acquired | $ | 1,783,735 | |||||||
(a) Included in acquired construction in progress is Ameristar Casino Resort Spa Lake Charles. Ameristar Casino Resort Spa Lake Charles assets were sold in November 2013. See Note 8, Discontinued Operations, for further detail. | |||||||||
The following table summarizes the acquired intangible assets. These values are preliminary and may change as the purchase price allocation is finalized. | |||||||||
As Recorded at Fair Value | |||||||||
(in thousands) | |||||||||
Trade names | $ | 187,000 | |||||||
Gaming licenses | 258,800 | ||||||||
Player relationships | 74,000 | ||||||||
Favorable leasehold interests | 4,400 | ||||||||
$ | 524,200 | ||||||||
The following table includes the financial results for the acquired Ameristar entities included in our Consolidated Statement of Operations since the acquisition date: | |||||||||
Period from August 13, 2013 to December 31, 2013 | |||||||||
(in thousands) | |||||||||
Net revenues | $ | 425,767 | |||||||
Net income | $ | 34,495 | |||||||
The following table includes unaudited pro forma consolidated financial information assuming our acquisition of Ameristar had occurred as of January 1, 2012. The pro forma financial information does not necessarily represent the results that may occur in the future. The pro forma amounts include the historical operating results of Pinnacle and Ameristar prior to the acquisition, with adjustments directly attributable to the acquisition. The pro forma results include increases to depreciation and amortization expense based on the fair values of the intangible assets and fixed assets acquired, amounting to $72.7 million and $120.8 million for the years ended December 31, 2013 and 2012, respectively. The pro forma results also included increases to interest expense, related to the debt issued and assumed in the acquisition, in the amount of $105.2 million and $147.9 million for the year ended December 31, 2013 and 2012, respectively. Lastly, the pro forma results also reflect adjustments for the impact of the extinguishment of Pinnacle's debt in connection with the transaction, acquisition costs and tax expense assuming Ameristar was part of the Company for the full pro forma periods presented. | |||||||||
Year Ended December 31, | |||||||||
2013 | 2012 | ||||||||
(in thousands, except per share data) | |||||||||
Net revenues | $ | 2,209,143 | $ | 2,198,057 | |||||
Net income (loss) from continuing operations | $ | (59,792 | ) | $ | 34,529 | ||||
Basic income (loss) per share | $ | (1.02 | ) | $ | 0.56 | ||||
Diluted income (loss) per share | $ | (1.02 | ) | $ | 0.56 | ||||
As a result of the Ameristar transaction, we became obligated under certain agreements that Ameristar was a party. | |||||||||
ACDL Equity Method Investments: We have a minority ownership interest in Asian Coast Development (Canada), Ltd. ("ACDL"), which is accounted for under the equity method. Under the equity method, the carrying value is adjusted for our share of ACDL's earnings and losses, as well as capital contributions to and distributions from ACDL. During 2013, we recorded an other-than-temporary impairment of approximately $92.2 million, fully impairing the remaining asset carrying value of our investment in ACDL. As of March 31, 2013, we discontinued applying the equity method for our investment in ACDL and will not provide for additional losses until our share of future net income, if any, equals the share of net losses not recognized during the period the equity method was suspended. During 2013, we made a $1.8 million loan to ACDL. We determined it was appropriate to fully reserve for the loan receivable during 2013. During the fourth quarter of 2012, we concluded that the carrying value of our investment in ACDL experienced a decline in value. As a result, we recorded an impairment of approximately $25 million as of December 31, 2012. | |||||||||
Other Equity Method Investment: During 2012, we committed to invest $2.0 million in Farmworks, a land re-vitalization project in downtown St. Louis. As of December 31, 2013, we have invested $2.0 million, which is included in "Equity method investments" on our Consolidated Balance Sheets. This investment is accounted for under the equity method. | |||||||||
Retama Park Racetrack: In April 2012, we acquired certain bonds and promissory notes issued by the Retama Development Corporation ("RDC") and a 50.0% interest in additional rights to operate and receive revenue from expanded gaming in the future (the "Gaming Enhancement Rights" and together with the bonds and notes, the "Acquired Property") for cash consideration of $7.8 million. On January 29, 2013, we acquired 75.5% of the equity of Pinnacle Retama Partners, LLC ("PRP") through a contribution of a majority of the Acquired Property, cash funding of $16.7 million, and commitments to future capital funding up to $2.0 million annually over the next five years. Cash consideration in the transaction was used primarily to refinance existing RDC indebtedness and to provide RDC working capital. | |||||||||
The acquisition of 75.5% of the equity of PRP was accounted for as a business combination. The purchase price for the equity of PRP was allocated based upon estimated fair values of the assets, with the excess of the purchase price over the estimated fair value of the assets acquired recorded as goodwill. The purchase price allocation includes goodwill of $3.3 million and other intangibles of $5.0 million. The allocation of fair value was finalized during 2013. | |||||||||
As of December 31, 2013, we held $9.5 million in promissory notes issued by RDC that are included in "Other Assets, Net" in our Consolidated Balance Sheet. The promissory notes have long-term contractual maturities and are collateralized by Retama Park Racetrack assets. The contractual terms of these promissory notes include interest payments due at maturity. Uncertainty exists as to RDC's ability to make these interest payments; therefore, we have not recorded accrued interest on these promissory notes. | |||||||||
As of December 31, 2013, we held, at amortized cost, $11.4 million in local government corporation bonds that were issued by RDC, a local government corporation of the City of Selma, Texas. These bonds have long-term contractual maturities and are included in "Other Assets, Net" in our Consolidated Balance Sheet. It is not likely that we will sell or will be required to sell these investments prior to the recovery of the amortized cost. | |||||||||
Heartland Poker Tour: On July 2, 2012, we closed on an agreement to purchase substantially all of the assets of Federated Sports & Gaming, Inc. and Federated Heartland, Inc., owners of the Heartland Poker Tour and other related assets and intellectual property, for total consideration of $4.6 million. The purchase was accounted for as a business combination. The purchase price for the assets of Federated Sports & Gaming Inc. and Federated Heartland, Inc. was allocated based upon estimated fair values of the assets, with the excess of the purchase price over the estimated fair values of the assets acquired recorded as goodwill. The allocation of fair value was finalized during the fourth quarter of 2012 and we recorded goodwill totaling $2.6 million related to our acquisition of the Heartland Poker Tour. |
Discontinued_Operations
Discontinued Operations | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | |||||||||||
Discontinued Operations | ' | |||||||||||
Discontinued Operations | ||||||||||||
Discontinued operations for December 31, 2013, 2012 and 2011 consist primarily of Lumiere Place Casino and Hotels, our former Boomtown Reno operations, our former Atlantic City operations, and our former Ameristar Lake Charles development. A disposal group classified as held for sale should be measured at the lower of its carrying value or the fair value less cost to sell. The fair value of the assets to be sold was determined using a market approach using Level 2 inputs, as defined in Note 1, Summary of Significant Accounting Policies. | ||||||||||||
Lumiere Place Casino and Hotels: In August 2013, we entered into an agreement to sell the ownership interests in certain of our subsidiaries that own and operate the Lumiére Place Casino, the Four Seasons Hotel St. Louis and HoteLumiére and related excess land parcels in St. Louis, Missouri. Under the terms of the agreement, the buyer will pay a purchase price of $260 million, subject to certain net working capital and other adjustments. During the third quarter of 2013, we recorded an impairment charge totaling $144.6 million, to reduce the carrying value of the assets to their net realizable value, less costs to sell. | ||||||||||||
The completion of the transaction is subject to various conditions, including, among others, (i) the approval of the Missouri Gaming Commission, and (ii) the approval of the U.S. Federal Trade Commission (the "FTC"). Subject to the satisfaction or waiver of conditions in the agreement, we expect the transaction to close in the first half of 2014. | ||||||||||||
Ameristar Casino Lake Charles: In July 2013, we entered into an agreement to sell all of the equity interests of Ameristar Casino Lake Charles, LLC ("Ameristar Lake Charles"), which is developing the Ameristar Lake Charles development project. In November 2013, we closed the sale of the equity interests of Ameristar Lake Charles. At closing, we received approximately $180 million in cash that excludes $35 million of deferred consideration, of which $25 million is restricted cash subject to release by the Louisiana Gaming Control Board and $10 million is in the form of a note receivable from the buyer due in July 2016. | ||||||||||||
Boomtown Reno: In June 2012, we closed the sale of the Boomtown Reno operations for total proceeds of approximately $12.9 million, resulting in a loss of $1.1 million. We continue to hold approximately 810 acres of remaining excess land surrounding Boomtown Reno as a discontinued operation. Other than minimal costs associated with the remaining excess land, we expect no continuing costs from the Boomtown Reno operations. | ||||||||||||
Atlantic City: During the third quarter of 2013, we completed the sale of our land holdings in Atlantic City, New Jersey, for total consideration of approximately $29.5 million. We expect no material ongoing financial impact from Atlantic City. | ||||||||||||
Revenue, expense and net income for entities and operations included in discontinued operations are summarized as follows: | ||||||||||||
For the year ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(in millions) | ||||||||||||
Revenues | $ | 181.3 | $ | 213.1 | $ | 240 | ||||||
Operating loss | (123.5 | ) | (19.0 | ) | (31.6 | ) | ||||||
Other non-operating income (loss), net | (0.3 | ) | 0.1 | 0.1 | ||||||||
Loss before income taxes | (123.8 | ) | (18.9 | ) | (31.6 | ) | ||||||
Income tax benefit | 1.2 | 0.3 | 0.2 | |||||||||
Loss from discontinued operations | $ | (122.6 | ) | $ | (18.6 | ) | $ | (31.4 | ) | |||
Net assets for entities and operations included in discontinued operations are summarized as follows: | ||||||||||||
December 31, | ||||||||||||
2013 | 2012 | |||||||||||
(in millions) | ||||||||||||
Assets: | ||||||||||||
Property and equipment, net | $ | 272 | $ | 446.7 | ||||||||
Other assets, net | 47.2 | 13.1 | ||||||||||
Total assets | $ | 319.2 | $ | 459.8 | ||||||||
Liabilities: | ||||||||||||
Total liabilities | 26.1 | 21.4 | ||||||||||
Net assets | $ | 293.1 | $ | 438.4 | ||||||||
Goodwill_and_Indefinitelived_I
Goodwill and Indefinite-lived Intangible Assets | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||
Goodwill and Indefinite-lived Intangible Assets Disclosure | ' | |||||||||||||||||
Goodwill and Other Intangible Assets | ||||||||||||||||||
Goodwill. Goodwill consists of the excess of the acquisition cost over the fair value of the net assets acquired in business combinations. Goodwill is subject to an annual assessment for impairment during the fourth quarter, or more frequently if there are indications of possible impairment. There were no impairments to goodwill for the years ended December 31, 2013, 2012, or 2011. During 2013, we recorded $864.1 million of goodwill related to our acquisitions of Ameristar and Pinnacle Retama Partners, LLC. During 2012, we recorded goodwill totaling $2.6 million related to our acquisition of the Heartland Poker Tour. | ||||||||||||||||||
Other Intangible Assets. Other intangible assets consist of indefinite-lived intangible assets that include gaming licenses, trademarks and a racing license, and amortizing intangible assets, which include customer relationships and favorable leasehold interests. Our indefinite-lived intangible assets are not subject to amortization, but instead are reviewed annually for impairment during the fourth quarter of each fiscal year, or more frequently if events or circumstances indicate the carrying value may not be recoverable. | ||||||||||||||||||
During 2013, we acquired $529.2 million of intangible other assets related to our acquisition of Ameristar and Pinnacle Retama Partners, LLC. In November 2013, we completed the sale of our equity interests in the entity developing the Ameristar Casino Lake Charles project, and as a result, we no longer hold a $29.8 million gaming license acquired through the Ameristar acquisition. | ||||||||||||||||||
During the third quarter of 2013, we determined there was an indication of impairment for our Boomtown Bossier City gaming license due to a decrease in forecasted financial performance resulting from new competition, and we recorded an impairment of $10 million. The fair value of the license was calculated using discounted cash flows using Level 3 inputs. | ||||||||||||||||||
The following tables set forth changes in the carrying value of goodwill and other intangible assets: | ||||||||||||||||||
31-Dec-13 | ||||||||||||||||||
Weighted Average Life Remaining (years) | Gross Carrying Value | Cumulative Amortization | Cumulative Impairment Losses | Intangible Assets, Net | ||||||||||||||
Goodwill: | (in millions) | |||||||||||||||||
Ameristar acquisition | Indefinite | $ | 860.8 | $ | — | $ | — | $ | 860.8 | |||||||||
Belterra Park | Indefinite | 35.8 | — | — | 35.8 | |||||||||||||
Boomtown New Orleans | Indefinite | 16.8 | — | — | 16.8 | |||||||||||||
Other | Indefinite | 5.9 | — | — | 5.9 | |||||||||||||
919.3 | — | — | 919.3 | |||||||||||||||
Indefinite-lived Intangible Assets: | ||||||||||||||||||
Gaming license | Indefinite | 268.6 | — | (31.1 | ) | 237.5 | ||||||||||||
Trade name | Indefinite | 187.2 | — | — | 187.2 | |||||||||||||
Racing license | Indefinite | 5 | — | — | 5 | |||||||||||||
460.8 | — | (31.1 | ) | 429.7 | ||||||||||||||
Amortizing Intangible Assets: | ||||||||||||||||||
Player relationships | 6 | 75.1 | (9.0 | ) | — | 66.1 | ||||||||||||
Favorable leasehold interests | 32 | 4.4 | (0.1 | ) | — | 4.3 | ||||||||||||
79.5 | (9.1 | ) | — | 70.4 | ||||||||||||||
Total Goodwill and Other Intangible Assets | $ | 1,459.60 | $ | (9.1 | ) | $ | (31.1 | ) | $ | 1,419.40 | ||||||||
31-Dec-12 | ||||||||||||||||||
Weighted Average Life Remaining | Gross Carrying Value | Cumulative Amortization | Cumulative Impairment Losses | Intangible Assets, Net | ||||||||||||||
Goodwill: | (in millions) | |||||||||||||||||
Belterra Park | Indefinite | $ | 35.8 | $ | — | $ | — | $ | 35.8 | |||||||||
Boomtown New Orleans | Indefinite | 16.8 | — | — | 16.8 | |||||||||||||
Other | Indefinite | 2.6 | — | — | 2.6 | |||||||||||||
55.2 | — | — | 55.2 | |||||||||||||||
Indefinite-lived Intangible Assets: | ||||||||||||||||||
Gaming license | Indefinite | 39.6 | — | (21.1 | ) | 18.5 | ||||||||||||
Trade name | Indefinite | 0.2 | — | — | 0.2 | |||||||||||||
Other | Indefinite | 1.1 | — | — | 1.1 | |||||||||||||
40.9 | — | (21.1 | ) | 19.8 | ||||||||||||||
Amortizing Intangible Assets: | ||||||||||||||||||
Player relationships | 10 | 1.1 | (0.1 | ) | — | 1 | ||||||||||||
1.1 | (0.1 | ) | — | 1 | ||||||||||||||
Total Goodwill and Other Intangible Assets | $ | 97.2 | $ | (0.1 | ) | $ | (21.1 | ) | $ | 76 | ||||||||
Player relationships are being amortized on an accelerated basis over an approximate weighted average life remaining six-year period. Favorable leasehold interest are being amortized on a straight-line basis over an approximate weighted average remaining useful life of 32 years. Future amortization is as follows: | ||||||||||||||||||
Player Relationships | Favorable Leasehold Interests | Total | ||||||||||||||||
(in millions) | ||||||||||||||||||
Year ending December 31: | ||||||||||||||||||
2014 | $ | 20.7 | $ | 0.1 | $ | 20.8 | ||||||||||||
2015 | 15.8 | 0.1 | 15.9 | |||||||||||||||
2016 | 11.9 | 0.1 | 12 | |||||||||||||||
2017 | 8.8 | 0.1 | 8.9 | |||||||||||||||
2018 | 6.5 | 0.1 | 6.6 | |||||||||||||||
Thereafter | 2.4 | 3.8 | 6.2 | |||||||||||||||
Total | $ | 66.1 | $ | 4.3 | $ | 70.4 | ||||||||||||
Writedowns_reserves_and_recove
Write-downs, reserves and recoveries, net | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Write Downs Reserves And Recoveries Net Abstract | ' | |||||||||||
Write-downs, reserves and recoveries, net | ' | |||||||||||
Write-downs, reserves and recoveries, net | ||||||||||||
Write-downs, reserves and recoveries, net consist of the following: | ||||||||||||
For the year ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(in millions) | ||||||||||||
Loss (gain) on disposal of assets, net | $ | 2.8 | $ | (1.2 | ) | $ | 2.4 | |||||
Reserve on loan receivable, net | 0.1 | 1.7 | — | |||||||||
Impairment of long-lived assets | 2.9 | 0.3 | 0.4 | |||||||||
Impairment of indefinite-lived intangibles | 10 | — | — | |||||||||
Other write-downs and reserves | 1.5 | — | 0.4 | |||||||||
Write-downs, reserves and recoveries, net | $ | 17.3 | $ | 0.8 | $ | 3.2 | ||||||
Write-downs, reserves and recoveries, net consist of $17.3 million in losses for the year ended December 31, 2013. The losses were primarily a result of an impairment loss for our Boomtown Bossier City gaming license of $10 million, an impairment charge of $1.5 million related to a decline in value of our excess land in Lake Charles, Louisiana, and losses of $2.8 million from disposals of slot and other equipment at our properties in the normal course of business. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
Commitments and Contingencies | |
Guaranteed Maximum Price Agreement for Belterra Park: In January 2013, we entered into an Agreement for Guaranteed Maximum Price Construction Services with a general contractor for the mobilization, demolition, site work and foundation work for Belterra Park. This agreement provides, among other things, that the contractor will complete the initial work for a total guaranteed maximum price of approximately $20.1 million. In July 2013, we entered into an amendment to the agreement with the general contractor, which provides that the guaranteed date of completion for the Belterra Park project is May 1, 2014 and the total guaranteed maximum price for the construction of the Belterra Park project is approximately $119.6 million, which includes the $20.1 million described above. | |
Guaranteed Maximum Price Agreement for Boomtown New Orleans: In February 2013, we entered into an Agreement for Guaranteed Maximum Price Construction Services with a general contractor for the construction of a 150-guestroom hotel tower at our Boomtown New Orleans property for a total guaranteed maximum price of approximately $14.2 million. | |
Self-Insurance: We self-insure various levels of general liability and workers' compensation at all of our properties and medical coverage at most of our properties. Insurance reserves include accruals for estimated settlements for known claims, as well as accruals for estimates of claims not yet made. At December 31, 2013 and 2012, we had total self-insurance accruals of $26.2 million and $13.7 million, respectively, which are included in “Other accrued liabilities” in our Consolidated Balance Sheets. | |
Indiana Tax Dispute: In 2008, the Indiana Department of Revenue (“IDR”) commenced an income tax examination of the Company's Indiana income tax filings for the 2005 to 2007 period. In February 2010, the Company received a notice of proposed adjustment from the field agent in the amount of $7.3 million, excluding interest and penalties. We filed a protest requesting abatement of all taxes, interest and penalties and had two hearings with the IDR where we provided additional facts and support. At issue is whether income and gains from certain asset sales, including the sale of the Hollywood Park Racetrack in 1999, and other transactions outside of Indiana, such as the Aztar merger termination fee in 2006, which we reported on our Indiana state tax returns for the years 2000 through 2007, resulted in business income subject to apportionment. In April 2012, we received a supplemental letter of findings from the IDR that denied our protest on most counts. In the supplemental letter of findings, the IDR did not raise any new technical arguments or advance any new theory that would alter our judgment regarding the recognition or measurement of the unrecognized tax benefit related to this audit. We believe that our tax return position is sustainable on the merits. In June 2012, we filed a tax appeal petition with the Indiana tax court to set aside the final assessment. In August 2013, we filed a Motion for Partial Summary Judgment on the 1999 Hollywood Park sale. We asked the court to grant summary judgment in our favor based on the technical merit of Indiana tax law. On January 28, 2014, oral arguments were held at the Indiana Tax Court regarding our motion for summary judgment. Accordingly, we continue to believe that we have adequately reserved for the potential outcome. | |
FTC Litigation: On May 28, 2013, the U.S. Federal Trade Commission (the “FTC”) filed a civil administrative complaint alleging that the merger with Ameristar Casinos, Inc. would reduce competition and lead to higher prices and lower quality for customers in the St. Louis, Missouri and Lake Charles, Louisiana areas in violation of U.S. antitrust law. | |
We negotiated a consent order with the Bureau of Competition Staff that permitted us to complete the merger subject to any divestitures and other terms and conditions specified in the consent order. The consent order was approved by a vote of the FTC. Pursuant to the consent order, we were required to sell Ameristar’s casino hotel development project in Lake Charles, Louisiana and the Lumiére Place Casino and Hotels. | |
On July 24, 2013, we entered into an agreement to sell all of the equity interests of Ameristar Casino Lake Charles, LLC ("Ameristar Lake Charles"), which was developing the Ameristar Lake Charles development project. On November 22, 2013, we closed the sale of the equity interests of Ameristar Lake Charles. | |
On August 16, 2013, we entered into an agreement to sell the ownership interests in certain of our subsidiaries that own and operate the Lumiére Place Casino and Hotels. We expect that the sale of Lumiére Place Casino and Hotels will be completed in the first half of 2014. | |
The consent order terms require that Lumiére Place Casino and Hotels be operated by a third party separately from and independently of our other businesses in accordance with the conditions and restrictions set forth in the consent order. The consent order terms provide that we will continue to receive the economic benefits derived from the continuing operations of Lumiére Place Casino and Hotels, pending the completion of the sales, but will not have control of the day-to-day operations of such properties. Although we will not have control of day-to-day operations, we will continue to provide certain administrative services for Lumiére Place Casino and Hotels and we remain responsible for the effectiveness of controls and procedures and regulatory compliance at Lumiére Place Casino and Hotels. Furthermore, if we fail to divest Lumiére Place Casino and Hotels before the expiration of any deadlines that may be imposed by the FTC or do so in a manner or condition that does not comply with the consent order, then in addition to potential civil penalties, the FTC may appoint a trustee to divest a different package of assets than Lumiére Place Casino and Hotels in order to make the divestiture viable, competitive or more readily marketable. | |
Other: We are a party to a number of pending legal proceedings. Management does not expect that the outcome of such proceedings, either individually or in the aggregate, will have a material effect on our financial position, cash flows or results of operations. |
Consolidating_Condensed_Financ
Consolidating Condensed Financial Information | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Consolidating Condensed Financial Information [Abstract] | ' | |||||||||||||||||||
Consolidating Condensed Financial Information | ' | |||||||||||||||||||
Consolidating Condensed Financial Information | ||||||||||||||||||||
Our subsidiaries (excluding subsidiaries with approximately $65.0 million in cash and other assets as of December 31, 2013, that include a majority interest in the licensee of Retama Park Racetrack and certain other subsidiaries) have fully, unconditionally, jointly, and severally guaranteed the payment of all obligations under our senior and senior subordinated notes and our Credit Facility. Our subsidiary that owns our equity interest in Retama Park Racetrack does not guarantee our Credit Facility. Separate financial statements and other disclosures regarding the subsidiary guarantors are not included herein because management has determined that such information is not material to investors. In lieu thereof, we include the following: | ||||||||||||||||||||
100% Owned | Consolidating | Pinnacle | ||||||||||||||||||
Pinnacle | 100% Owned | Non- | and | Entertainment, | ||||||||||||||||
Entertainment, | Guarantor | Guarantor | Eliminating | Inc. | ||||||||||||||||
Inc. | Subsidiaries(a) | Subsidiaries(b) | Entries | Consolidated | ||||||||||||||||
(in millions) | ||||||||||||||||||||
Statements of Operations | ||||||||||||||||||||
For the year ended December 31, 2013 | ||||||||||||||||||||
Revenues: | ||||||||||||||||||||
Gaming | $ | — | $ | 1,327.30 | $ | — | $ | — | $ | 1,327.30 | ||||||||||
Food and beverage | — | 78.9 | — | — | 78.9 | |||||||||||||||
Lodging | — | 31.3 | — | — | 31.3 | |||||||||||||||
Retail, entertainment and other | 0.1 | 50.2 | — | — | 50.3 | |||||||||||||||
0.1 | 1,487.70 | — | — | 1,487.80 | ||||||||||||||||
Expenses: | ||||||||||||||||||||
Gaming | — | 733.5 | — | — | 733.5 | |||||||||||||||
Food and beverage | — | 69.8 | — | — | 69.8 | |||||||||||||||
Lodging | — | 14.8 | — | — | 14.8 | |||||||||||||||
Retail, entertainment and other | — | 23.3 | — | — | 23.3 | |||||||||||||||
General and administrative and other | 63.1 | 223.8 | 0.5 | — | 287.4 | |||||||||||||||
Pre-opening and development | 86.2 | 2.1 | 0.7 | — | 89 | |||||||||||||||
Depreciation and amortization | 6.5 | 142 | — | — | 148.5 | |||||||||||||||
Write downs, reserves, recoveries, net | 1.1 | 14.5 | 1.6 | — | 17.2 | |||||||||||||||
156.9 | 1,223.80 | 2.8 | — | 1,383.50 | ||||||||||||||||
Operating income (loss) | (156.8 | ) | 263.9 | (2.8 | ) | — | 104.3 | |||||||||||||
Equity earnings of subsidiaries | (16.1 | ) | — | — | 16.1 | — | ||||||||||||||
Interest (expense) and non-operating income, net | (177.4 | ) | 7.7 | — | — | (169.7 | ) | |||||||||||||
Loss on early extinguishment of debt | (30.8 | ) | — | — | — | (30.8 | ) | |||||||||||||
Loss from equity method investment | — | — | (92.2 | ) | — | (92.2 | ) | |||||||||||||
Income (loss) from continuing operations before inter-company activity and income taxes | (381.1 | ) | 271.6 | (95.0 | ) | 16.1 | (188.4 | ) | ||||||||||||
Management fee and inter-company interest | 70.1 | (70.1 | ) | — | — | — | ||||||||||||||
Income tax expense | 55.1 | — | — | — | 55.1 | |||||||||||||||
Income (loss) from continuing operations | (255.9 | ) | 201.5 | (95.0 | ) | 16.1 | (133.3 | ) | ||||||||||||
Loss from discontinued operations, net of taxes | — | (122.5 | ) | (0.1 | ) | — | (122.6 | ) | ||||||||||||
Net income (loss) | $ | (255.9 | ) | $ | 79 | $ | (95.1 | ) | $ | 16.1 | $ | (255.9 | ) | |||||||
100% Owned | Consolidating | Pinnacle | ||||||||||||||||||
Pinnacle | 100% Owned | Non- | and | Entertainment, | ||||||||||||||||
Entertainment, | Guarantor | Guarantor | Eliminating | Inc. | ||||||||||||||||
Inc. | Subsidiaries(a) | Subsidiaries(b) | Entries | Consolidated | ||||||||||||||||
(in millions) | ||||||||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||
Revenues: | ||||||||||||||||||||
Gaming | $ | — | $ | 892.3 | $ | — | $ | — | $ | 892.3 | ||||||||||
Food and beverage | — | 53.5 | — | — | 53.5 | |||||||||||||||
Lodging | — | 21.9 | — | — | 21.9 | |||||||||||||||
Retail, entertainment and other | 0.1 | 34.5 | 0.5 | — | 35.1 | |||||||||||||||
0.1 | 1,002.20 | 0.5 | — | 1,002.80 | ||||||||||||||||
Expenses: | ||||||||||||||||||||
Gaming | — | 501.4 | — | — | 501.4 | |||||||||||||||
Food and beverage | — | 47.1 | — | — | 47.1 | |||||||||||||||
Lodging | — | 11.6 | — | — | 11.6 | |||||||||||||||
Retail, entertainment and other | — | 19.1 | 0.7 | — | 19.8 | |||||||||||||||
General and administrative and other | 26.7 | 153.9 | 0.6 | — | 181.2 | |||||||||||||||
Pre-opening and development costs | 3.2 | 16.7 | 1.6 | — | 21.5 | |||||||||||||||
Depreciation and amortization | 3.3 | 79.2 | 0.2 | — | 82.7 | |||||||||||||||
Write downs, reserves, recoveries and impairments | 0.3 | (1.2 | ) | 1.7 | — | 0.8 | ||||||||||||||
33.5 | 827.8 | 4.8 | — | 866.1 | ||||||||||||||||
Operating income (loss) | (33.4 | ) | 174.4 | (4.3 | ) | — | 136.7 | |||||||||||||
Equity earnings of subsidiaries | 111.3 | (0.1 | ) | — | (111.2 | ) | — | |||||||||||||
Loss on early extinguishment of debt | (20.7 | ) | — | — | — | (20.7 | ) | |||||||||||||
Loss from equity method investment | — | — | (30.8 | ) | — | (30.8 | ) | |||||||||||||
Interest (expense) and non-operating income, net | (114.4 | ) | 12 | 8.7 | — | (93.7 | ) | |||||||||||||
Income (loss) from continuing operations before inter-company activity and income taxes | (57.2 | ) | 186.3 | (26.4 | ) | (111.2 | ) | (8.5 | ) | |||||||||||
Management fee and inter-company interest | 30.1 | (20.2 | ) | (8.4 | ) | (1.5 | ) | — | ||||||||||||
Income tax benefit | (4.7 | ) | — | — | — | (4.7 | ) | |||||||||||||
Income (loss) from continuing operations | (31.8 | ) | 166.1 | (34.8 | ) | (112.7 | ) | (13.2 | ) | |||||||||||
Income (loss) from discontinued operations, net of taxes | — | (20.0 | ) | (0.1 | ) | 1.5 | (18.6 | ) | ||||||||||||
Net income (loss) | $ | (31.8 | ) | $ | 146.1 | $ | (34.9 | ) | $ | (111.2 | ) | $ | (31.8 | ) | ||||||
100% Owned | Consolidating | Pinnacle | ||||||||||||||||||
Pinnacle | 100% Owned | Non- | and | Entertainment, | ||||||||||||||||
Entertainment, | Guarantor | Guarantor | Eliminating | Inc. | ||||||||||||||||
Inc. | Subsidiaries(a) | Subsidiaries(b) | Entries | Consolidated | ||||||||||||||||
(in millions) | ||||||||||||||||||||
For the year ended December 31, 2011 | ||||||||||||||||||||
Revenues: | ||||||||||||||||||||
Gaming | $ | — | $ | 840.7 | $ | — | $ | — | $ | 840.7 | ||||||||||
Food and beverage | — | 48.5 | — | — | 48.5 | |||||||||||||||
Lodging | — | 20.9 | — | — | 20.9 | |||||||||||||||
Retail, entertainment and other | 0.1 | 30.7 | — | — | 30.8 | |||||||||||||||
0.1 | 940.8 | — | — | 940.9 | ||||||||||||||||
Expenses: | ||||||||||||||||||||
Gaming | — | 480.5 | — | — | 480.5 | |||||||||||||||
Food and beverage | — | 42.6 | — | — | 42.6 | |||||||||||||||
Lodging | — | 10 | — | — | 10 | |||||||||||||||
Retail, entertainment and other | — | 18.7 | — | — | 18.7 | |||||||||||||||
General and administrative and other | 33.3 | 146.4 | — | — | 179.7 | |||||||||||||||
Pre-opening and development costs | 4.1 | 4.7 | — | — | 8.8 | |||||||||||||||
Depreciation and amortization | 3.4 | 66.8 | — | — | 70.2 | |||||||||||||||
Write downs, reserves, recoveries and impairments | 0.7 | 2.4 | — | — | 3.1 | |||||||||||||||
41.5 | 772.1 | — | — | 813.6 | ||||||||||||||||
Operating income (loss) | (41.4 | ) | 168.7 | — | — | 127.3 | ||||||||||||||
Equity earnings of subsidiaries | 127.8 | — | — | (127.8 | ) | — | ||||||||||||||
Loss on early extinguishment of debt | (0.2 | ) | — | — | — | (0.2 | ) | |||||||||||||
Loss from equity method investment | — | — | (0.6 | ) | — | (0.6 | ) | |||||||||||||
Interest (expense) and non-operating income, net | (105.7 | ) | 7 | 3.4 | — | (95.3 | ) | |||||||||||||
Income (loss) from continuing operations before inter-company activity and income taxes | (19.5 | ) | 175.7 | 2.8 | (127.8 | ) | 31.2 | |||||||||||||
Management fee and inter-company interest | 19.3 | (14.6 | ) | (3.4 | ) | (1.3 | ) | — | ||||||||||||
Income tax benefit | (2.3 | ) | — | — | — | (2.3 | ) | |||||||||||||
Income (loss) from continuing operations | (2.5 | ) | 161.1 | (0.6 | ) | (129.1 | ) | 28.9 | ||||||||||||
Income (loss) from discontinued operations, net of taxes | — | (32.9 | ) | 0.2 | 1.3 | (31.4 | ) | |||||||||||||
Net income (loss) | $ | (2.5 | ) | $ | 128.2 | $ | (0.4 | ) | $ | (127.8 | ) | $ | (2.5 | ) | ||||||
100% Owned | Consolidating | Pinnacle | ||||||||||||||||||
Pinnacle | 100% Owned | Non- | and | Entertainment, | ||||||||||||||||
Entertainment, | Guarantor | Guarantor | Eliminating | Inc. | ||||||||||||||||
Inc. | Subsidiaries(a) | Subsidiaries(b) | Entries | Consolidated | ||||||||||||||||
(in millions) | ||||||||||||||||||||
Balance Sheets | ||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||
Current assets, excluding discontinued operations | $ | 66.8 | $ | 185.1 | $ | 27.7 | $ | — | $ | 279.6 | ||||||||||
Property and equipment, net | 51.1 | 2,983.10 | 5.7 | — | 3,039.90 | |||||||||||||||
Other non-current assets | 578.4 | 911.9 | 28.4 | — | 1,518.70 | |||||||||||||||
Investment in subsidiaries | 4,364.90 | — | — | (4,364.9 | ) | — | ||||||||||||||
Equity method investment | — | — | 2 | — | 2 | |||||||||||||||
Assets of discontinued operations held for sale | — | 318.8 | 1.2 | (0.8 | ) | 319.2 | ||||||||||||||
Inter-company | 1.2 | — | — | (1.2 | ) | — | ||||||||||||||
Total assets | $ | 5,062.40 | $ | 4,398.90 | $ | 65 | $ | (4,366.9 | ) | $ | 5,159.40 | |||||||||
Current liabilities | $ | 147.3 | $ | 198.9 | $ | 0.1 | $ | — | $ | 346.3 | ||||||||||
Notes payable, long term | 5,149.00 | (785.0 | ) | — | — | 4,364.00 | ||||||||||||||
Other non-current liabilities | (48.1 | ) | 245.9 | — | — | 197.8 | ||||||||||||||
Liabilities of discontinued operations held for sale | — | 26.1 | — | — | 26.1 | |||||||||||||||
Inter-company | — | — | 1.2 | (1.2 | ) | — | ||||||||||||||
Total liabilities | 5,248.20 | (314.1 | ) | 1.3 | (1.2 | ) | 4,934.20 | |||||||||||||
Additional paid-in capital | 1,081.40 | 3,777.90 | 325.7 | (4,109.0 | ) | 1,076.00 | ||||||||||||||
Retained deficit | (701.7 | ) | 433.3 | (273.5 | ) | (256.3 | ) | (798.2 | ) | |||||||||||
Common stock, treasury stock and other | (565.5 | ) | 501.8 | — | (0.4 | ) | (64.1 | ) | ||||||||||||
Total Pinnacle stockholders' equity | (185.8 | ) | 4,713.00 | 52.2 | (4,365.7 | ) | 213.7 | |||||||||||||
Non-controlling interest | — | — | 11.5 | — | 11.5 | |||||||||||||||
Total equity | (185.8 | ) | 4,713.00 | 63.7 | (4,365.7 | ) | 225.2 | |||||||||||||
Total liabilities and stockholders' equity | $ | 5,062.40 | $ | 4,398.90 | $ | 65 | $ | (4,366.9 | ) | $ | 5,159.40 | |||||||||
As of December 31, 2012 | ||||||||||||||||||||
Current assets, excluding discontinued operations | $ | 17.4 | $ | 95.2 | $ | 23 | $ | — | $ | 135.6 | ||||||||||
Property and equipment, net | 21.7 | 1,263.10 | 1.1 | — | 1,285.90 | |||||||||||||||
Other non-current assets | 47.4 | 74.5 | 14.4 | — | 136.3 | |||||||||||||||
Investment in subsidiaries | 1,861.40 | — | — | (1,861.4 | ) | — | ||||||||||||||
Equity method investment | — | — | 91.4 | — | 91.4 | |||||||||||||||
Assets of discontinued operations held for sale | — | 459.4 | 1.1 | (0.7 | ) | 459.8 | ||||||||||||||
Inter-company | 1.2 | — | — | (1.2 | ) | — | ||||||||||||||
Total assets | $ | 1,949.10 | $ | 1,892.20 | $ | 131 | $ | (1,863.3 | ) | $ | 2,109.00 | |||||||||
Current liabilities, excluding discontinued operations | $ | 50.9 | $ | 126.6 | $ | 0.6 | $ | — | $ | 178.1 | ||||||||||
Notes payable, long term | 1,437.30 | — | — | — | 1,437.30 | |||||||||||||||
Other non-current liabilities | 13.8 | 11 | 0.3 | — | 25.1 | |||||||||||||||
Liabilities of discontinued operations held for sale | — | 21.4 | — | — | 21.4 | |||||||||||||||
Inter-company | — | — | 1.2 | (1.2 | ) | — | ||||||||||||||
Total liabilities | 1,502.00 | 159 | 2.1 | (1.2 | ) | 1,661.90 | ||||||||||||||
Additional paid-in capital | 1,053.90 | 1,328.10 | 303.4 | (1,631.5 | ) | $ | 1,053.90 | |||||||||||||
Retained deficit | (542.2 | ) | 404.5 | (174.5 | ) | (230.1 | ) | (542.3 | ) | |||||||||||
Common stock, treasury stock and other | (64.6 | ) | 0.6 | — | (0.5 | ) | (64.5 | ) | ||||||||||||
Total equity | $ | 447.1 | $ | 1,733.20 | $ | 128.9 | $ | (1,862.1 | ) | $ | 447.1 | |||||||||
$ | 1,949.10 | $ | 1,892.20 | $ | 131 | $ | (1,863.3 | ) | $ | 2,109.00 | ||||||||||
100% Owned | Consolidating | Pinnacle | ||||||||||||||||||
Pinnacle | 100% Owned | Non- | and | Entertainment, | ||||||||||||||||
Entertainment, | Guarantor | Guarantor | Eliminating | Inc. | ||||||||||||||||
Inc. | Subsidiaries(a) | Subsidiaries(b) | Entries | Consolidated | ||||||||||||||||
(in millions) | ||||||||||||||||||||
Statements of Cash Flows | ||||||||||||||||||||
For the year ended December 31, 2013 | ||||||||||||||||||||
Cash provided by (used in) operating activities | $ | (1,754.5 | ) | $ | 1,895.50 | $ | 20.1 | $ | — | $ | 161.1 | |||||||||
Capital expenditures | (5.8 | ) | (286.8 | ) | — | — | (292.6 | ) | ||||||||||||
Purchases of held-to-maturity debt securities | 4.4 | — | (5.9 | ) | — | (1.5 | ) | |||||||||||||
Payments for business combinations, net | — | (1,749.7 | ) | — | — | (1,749.7 | ) | |||||||||||||
Net proceeds from sales of discontinued operations | — | 205.7 | — | — | 205.7 | |||||||||||||||
Loans receivable, net | — | — | (6.9 | ) | — | (6.9 | ) | |||||||||||||
Other | 0.5 | 4.1 | (2.4 | ) | — | 2.2 | ||||||||||||||
Cash used in investing activities | (0.9 | ) | (1,826.7 | ) | (15.2 | ) | — | (1,842.8 | ) | |||||||||||
Proceeds from Credit Facility | 2,168.80 | — | — | — | 2,168.80 | |||||||||||||||
Proceeds from issuance of long-term debt | 850 | — | — | — | 850 | |||||||||||||||
Repayment of long-term debt | (1,205.4 | ) | — | — | — | (1,205.4 | ) | |||||||||||||
Other | (34.9 | ) | — | — | — | (34.9 | ) | |||||||||||||
Cash provided by financing activities | 1,778.50 | — | — | — | 1,778.50 | |||||||||||||||
Increase (decrease) in cash and cash equivalents | 23.1 | 68.8 | 4.9 | — | 96.8 | |||||||||||||||
Cash and cash equivalents, beginning of period | 5.5 | 73.5 | 22.8 | — | 101.8 | |||||||||||||||
Cash and cash equivalents, end of period | $ | 28.6 | $ | 142.3 | $ | 27.7 | $ | — | $ | 198.6 | ||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||
Cash provided by (used in) operating activities | $ | (140.0 | ) | $ | 277.7 | $ | 49.2 | $ | — | $ | 186.9 | |||||||||
Capital expenditures | (4.1 | ) | (294.8 | ) | (0.5 | ) | — | (299.4 | ) | |||||||||||
Purchases of held-to-maturity debt securities, net | (4.5 | ) | — | (15.6 | ) | — | (20.1 | ) | ||||||||||||
Refund for escrow deposit | — | 25 | — | — | 25 | |||||||||||||||
Net proceeds from sale of discontinued operations | — | 10.8 | — | — | 10.8 | |||||||||||||||
Equity method investment | — | (0.3 | ) | (24.1 | ) | — | (24.4 | ) | ||||||||||||
Loans receivable, net | — | — | (6.0 | ) | — | (6.0 | ) | |||||||||||||
Other | 0.1 | 7.1 | 4.8 | — | 12 | |||||||||||||||
Cash used in investing activities | (8.5 | ) | (252.2 | ) | (41.4 | ) | — | (302.1 | ) | |||||||||||
Net repayments under Credit Facility | (56.0 | ) | — | — | — | (56.0 | ) | |||||||||||||
Proceeds from issuance of long-term debt | 646.8 | — | — | — | 646.8 | |||||||||||||||
Repayments of long-term debt | (392.2 | ) | — | — | — | (392.2 | ) | |||||||||||||
Debt issuance and other financing costs | (12.4 | ) | — | — | — | (12.4 | ) | |||||||||||||
Purchase of treasury stocks | (51.0 | ) | — | — | — | (51.0 | ) | |||||||||||||
Other | 1.5 | — | — | — | 1.5 | |||||||||||||||
Cash provided by financing activities | 136.7 | — | — | — | 136.7 | |||||||||||||||
Increase (decrease) in cash and cash equivalents | (11.8 | ) | 25.5 | 7.8 | — | 21.5 | ||||||||||||||
Cash and cash equivalents, beginning of period | 17.3 | 48 | 15 | — | 80.3 | |||||||||||||||
Cash and cash equivalents, end of period | $ | 5.5 | $ | 73.5 | $ | 22.8 | $ | — | $ | 101.8 | ||||||||||
100% Owned | Consolidating | Pinnacle | ||||||||||||||||||
Pinnacle | 100% Owned | Non- | and | Entertainment, | ||||||||||||||||
Entertainment, | Guarantor | Guarantor | Eliminating | Inc. | ||||||||||||||||
Inc. | Subsidiaries(a) | Subsidiaries(b) | Entries | Consolidated | ||||||||||||||||
(in millions) | ||||||||||||||||||||
For the year ended December 31, 2011 | ||||||||||||||||||||
Cash provided by (used in) operating activities | $ | (95.0 | ) | $ | 190.4 | $ | (0.1 | ) | $ | 36.5 | $ | 131.8 | ||||||||
Capital expenditures | (11.1 | ) | (142.2 | ) | (0.2 | ) | — | (153.5 | ) | |||||||||||
Equity method investments, inclusive of capitalized interest | — | — | (98.3 | ) | — | (98.3 | ) | |||||||||||||
Payment of business combinations | — | (45.2 | ) | — | — | (45.2 | ) | |||||||||||||
Other | — | 3.4 | 0.3 | — | 3.7 | |||||||||||||||
Cash used in investing activities | (11.1 | ) | (184.0 | ) | (98.2 | ) | — | (293.3 | ) | |||||||||||
Repayment under credit facility | 56 | — | — | — | 56 | |||||||||||||||
Repayment of long-term debt | (10.0 | ) | — | — | — | (10.0 | ) | |||||||||||||
Debt issuance costs | (3.1 | ) | — | — | — | (3.1 | ) | |||||||||||||
Other | 3.5 | — | 36.5 | (36.5 | ) | 3.5 | ||||||||||||||
Cash provided by (used in) financing activities | 46.4 | — | 36.5 | (36.5 | ) | 46.4 | ||||||||||||||
Effect of exchange rate changes on cash | — | — | — | — | — | |||||||||||||||
Increase (decrease) in cash and cash equivalents | (59.7 | ) | 6.4 | (61.8 | ) | — | (115.1 | ) | ||||||||||||
Cash and cash equivalents, beginning of period | 77 | 41.6 | 76.8 | — | 195.4 | |||||||||||||||
Cash and cash equivalents, end of period | $ | 17.3 | $ | 48 | $ | 15 | $ | — | $ | 80.3 | ||||||||||
(a) | The following material subsidiaries are identified as guarantors of our senior and senior subordinated notes: Belterra Resort Indiana, LLC; | |||||||||||||||||||
Boomtown, LLC; Casino Magic, LLC; Casino One Corporation; Louisiana-I Gaming; PNK (Baton Rouge) Partnership; PNK (BOSSIER CITY), Inc.; PNK Development 7, LLC; PNK Development 8, LLC; PNK Development 9, LLC; PNK (ES), LLC; PNK (LAKE CHARLES), L.L.C.; PNK (Ohio), LLC; PNK (Ohio) II, LLC; PNK (Ohio) III, LLC; PNK (RENO), LLC; PNK (River City), LLC; PNK (SAM), LLC; PNK (SAZ), LLC; PNK (STLH), LLC; PNK (ST. LOUIS RE), LLC; Ameristar Casino Black Hawk, Inc.; Ameristar Casino Council Bluffs, Inc.; Ameristar Casino St. Charles, Inc.; Ameristar Casino Kansas City, Inc.; Ameristar Casino Vicksburg, Inc.; Cactus Pete’s, Inc.; Ameristar East Chicago Holdings, LLC; Ameristar Casino East Chicago, LLC; Ameristar Casino Springfield, LLC; and Ameristar Lake Charles Holdings, LLC. In addition, certain other immaterial subsidiaries are also guarantors of our senior and senior subordinated notes. | ||||||||||||||||||||
(b) | Guarantor subsidiaries of our senior and senior subordinated notes exclude subsidiaries with approximately $65.0 million in cash and other assets as of December 31, 2013 that include a subsidiary that owns a majority interest in the licensee of Retama Park Racetrack and certain other subsidiaries. |
Segment_Information
Segment Information | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||
Segment Information | ' | |||||||||||
Segment Information | ||||||||||||
We use Consolidated Adjusted EBITDA and Adjusted EBITDA for each segment (as defined below) to compare operating results among our segments and allocate resources. The following table highlights our Revenues and Adjusted EBITDA for each segment and reconciles Consolidated Adjusted EBITDA to Income (loss) from continuing operations for the years ended December 31, 2013, 2012 and 2011. Prior year amounts have been updated for discontinued operations. | ||||||||||||
For the year ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(in millions) | ||||||||||||
Revenues: | ||||||||||||
Midwest segment (a) | $ | 650.9 | $ | 367.3 | $ | 346.7 | ||||||
South segment (b) | 748.1 | 634.9 | 594 | |||||||||
West segment (c) | 82.9 | — | — | |||||||||
1,481.90 | 1,002.20 | 940.7 | ||||||||||
Corporate and other | 6 | 0.6 | 0.1 | |||||||||
Total revenues | $ | 1,487.90 | $ | 1,002.80 | $ | 940.8 | ||||||
Adjusted EBITDA: (d) | ||||||||||||
Midwest segment (a) | $ | 183.7 | $ | 94.3 | $ | 76.7 | ||||||
South segment (b) | 213.5 | 176.6 | 167.7 | |||||||||
West segment (c) | 27.7 | — | — | |||||||||
424.9 | 270.9 | 244.4 | ||||||||||
Corporate expenses and other (e) | (54.3 | ) | (20.6 | ) | (28.4 | ) | ||||||
Consolidated Adjusted EBITDA (d) | $ | 370.6 | $ | 250.3 | $ | 216 | ||||||
Other benefits (costs): | ||||||||||||
Depreciation and amortization | (148.5 | ) | (82.7 | ) | (70.2 | ) | ||||||
Pre-opening and development costs | (89.0 | ) | (21.5 | ) | (8.8 | ) | ||||||
Non-cash share-based compensation | (11.5 | ) | (8.5 | ) | (6.5 | ) | ||||||
Write-downs, reserves and recoveries, net | (17.3 | ) | (0.8 | ) | (3.2 | ) | ||||||
Interest expense, net | (169.8 | ) | (93.7 | ) | (95.3 | ) | ||||||
Loss from equity method investment | (92.2 | ) | (30.8 | ) | (0.6 | ) | ||||||
Loss on early extinguishment of debt | (30.8 | ) | (20.7 | ) | (0.2 | ) | ||||||
Income tax benefit (expense) | 55.1 | (4.8 | ) | (2.3 | ) | |||||||
Income (loss) from continuing operations | $ | (133.4 | ) | $ | (13.2 | ) | $ | 28.9 | ||||
Capital expenditures | ||||||||||||
Midwest segment | $ | 139.4 | $ | 37.1 | $ | 7.8 | ||||||
South segment | 77.8 | 249 | 124.6 | |||||||||
West segment | 1.7 | — | — | |||||||||
Corporate and other, including development projects and discontinued operations | 73.7 | 13.4 | 21.1 | |||||||||
$ | 292.6 | $ | 299.5 | $ | 153.5 | |||||||
December 31, | ||||||||||||
2013 | 2012 | |||||||||||
(in millions) | ||||||||||||
Assets: | ||||||||||||
Midwest segment | $ | 2,310.70 | $ | 542.8 | ||||||||
South segment | 1,363.60 | 882.2 | ||||||||||
West segment | 436 | — | ||||||||||
Corporate and other, including development projects and discontinued operations | 1,049.10 | 684 | ||||||||||
$ | 5,159.40 | $ | 2,109.00 | |||||||||
(a) Our Midwest segment consists of Ameristar Council Bluffs located in Iowa, Ameristar East Chicago located in Indiana, Ameristar Kansas City located in Missouri, Ameristar St. Charles located in Missouri, Belterra located in Indiana, Belterra Park (formerly River Downs) located in Ohio and River City located in Missouri. | ||||||||||||
(b) Our South segment consists of Ameristar Vicksburg located in Mississippi, Boomtown Bossier City located in Louisiana, Boomtown New Orleans located in Louisiana, L'Auberge Baton Rouge located in Louisiana and L'Auberge Lake Charles located in Louisiana. | ||||||||||||
(c) Our West segment consists of Ameristar Black Hawk located in Colorado, Cactus Petes and the Horseshu both located in Nevada. | ||||||||||||
(d) We define Consolidated Adjusted EBITDA as earnings before interest income and expense, income taxes, depreciation, amortization, pre-opening and development expenses, non-cash share-based compensation, asset impairment costs, write-downs, reserves, recoveries, corporate-level litigation settlement costs, gain (loss) on sale of certain assets, loss on early extinguishment of debt, gain (loss) on sale of equity security investments, income (loss) from equity method investments, non-controlling interest and discontinued operations. We define Adjusted EBITDA for each operating segment as earnings before interest income and expense, income taxes, depreciation, amortization, pre-opening and development expenses, non-cash share-based compensation, asset impairment costs, write-downs, reserves, recoveries, inter-company management fees, gain (loss) on sale of certain assets, gain (loss) on early extinguishment of debt, gain (loss) on sale of discontinued operations, and discontinued operations. We define Adjusted EBITDA margin as Adjusted EBITDA for the segment divided by segment revenues. We use Consolidated Adjusted EBITDA and Adjusted EBITDA for each segment to compare operating results among our properties and between accounting periods. Consolidated Adjusted EBITDA and Adjusted EBITDA have economic substance because they are used by management as measures to analyze the performance of our business and are especially relevant in evaluating large, long-lived casino-hotel projects because they provide a perspective on the current effects of operating decisions separated from the substantial non-operational depreciation charges and financing costs of such projects. We eliminate the results from discontinued operations at the time they are deemed discontinued. We also review pre-opening and development expenses separately, as such expenses are also included in total project costs when assessing budgets and project returns, and because such costs relate to anticipated future revenues and income. We believe that Consolidated Adjusted EBITDA and Adjusted EBITDA are useful measures for investors because they are indicators of the performance of ongoing business operations. These calculations are commonly used as a basis for investors, analysts and credit rating agencies to evaluate and compare operating performance and value of companies within our industry. In addition, our credit agreement and bond indentures require compliance with financial measures similar to Consolidated Adjusted EBITDA. Consolidated Adjusted EBITDA should not be considered as an alternative to operating income as an indicator of performance, or as an alternative to any other measure provided in accordance with GAAP. Our calculations of Adjusted EBITDA and Consolidated Adjusted EBITDA may be different from the calculation methods used by other companies and, therefore, comparability may be limited. | ||||||||||||
(e) Corporate expenses represent payroll, professional fees, travel expenses and other general and administrative expenses not directly related to our casino and hotel operations. Beginning in the 2013 third quarter, we changed the methodology used to allocate corporate expenses to our reportable segments. Historically, we allocated direct and some indirect expenses incurred at the corporate headquarters to each property. Expenses incurred at the corporate headquarters that were related to property operations, but not directly attributable to a specific property, were allocated, typically on a pro rata basis, to each property. Only the remaining corporate expenses that were not related to an operating property were retained in the Corporate expense category. Under our new methodology, only corporate expenses that are directly attributable to a property were allocated to each applicable property. All other costs incurred relating to management and consulting services provided by corporate headquarters to the properties are now allocated to those properties based on their respective share of the monthly consolidated net revenues in the form of a management fee. The corporate management fee is excluded in the calculation of segment Adjusted EBITDA and is completely eliminated in any consolidated financial results. The change in methodology increases Adjusted EBITDA for the reportable segments with a corresponding increase in corporate expense, resulting in no impact to Consolidated Adjusted EBITDA. |
Quarterly_Financial_Informatio
Quarterly Financial Information | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | |||||||||||||||
Quarterly Financial Information | ' | |||||||||||||||
Quarterly Financial Information (Unaudited) | ||||||||||||||||
The following is a summary of unaudited quarterly financial data for the years ended December 31, 2013 and 2012: | ||||||||||||||||
2013 | ||||||||||||||||
Dec. 31, | Sept. 30, | Jun. 30, | Mar. 31, | |||||||||||||
(in millions, except per share data) | ||||||||||||||||
Revenues | $ | 535 | $ | 418.9 | $ | 267.3 | $ | 266.6 | ||||||||
Operating income (loss) | 69.8 | (15.2 | ) | 17.9 | 31.9 | |||||||||||
Income (loss) from continuing operations | 8.6 | (47.1 | ) | (7.1 | ) | (87.8 | ) | |||||||||
Income (loss) from discontinued operations, net of taxes | 6.4 | (133.3 | ) | 2 | 2.4 | |||||||||||
Net income (loss) | 15 | (180.4 | ) | (5.1 | ) | (85.4 | ) | |||||||||
Net loss attributable to non-controlling interest | — | — | — | — | ||||||||||||
Net income (loss) attributable to Pinnacle Entertainment, Inc. | $ | 15 | $ | (180.4 | ) | $ | (5.1 | ) | $ | (85.4 | ) | |||||
Per Share Data—Basic (a) | ||||||||||||||||
Income (loss) from continuing operations | $ | 0.15 | $ | (0.80 | ) | $ | (0.12 | ) | $ | (1.50 | ) | |||||
Income (loss) from discontinued operations, net of taxes | 0.11 | (2.27 | ) | 0.03 | 0.04 | |||||||||||
Net income (loss)—basic | $ | 0.26 | $ | (3.07 | ) | $ | (0.09 | ) | $ | (1.46 | ) | |||||
Per Share Data—Diluted (a) | ||||||||||||||||
Income (loss) from continuing operations | $ | 0.14 | $ | (0.80 | ) | $ | (0.12 | ) | $ | (1.50 | ) | |||||
Income (loss) from discontinued operations, net of taxes | 0.11 | (2.27 | ) | 0.03 | 0.04 | |||||||||||
Net income (loss)—diluted | $ | 0.25 | $ | (3.07 | ) | $ | (0.09 | ) | $ | (1.46 | ) | |||||
2012 | ||||||||||||||||
Dec. 31, | Sept. 30, | Jun. 30, | Mar. 31, | |||||||||||||
(in millions, except per share data) | ||||||||||||||||
Revenues | $ | 254.8 | $ | 256.2 | $ | 248.5 | $ | 243.4 | ||||||||
Operating income | 22.9 | 32.7 | 38.8 | 42.3 | ||||||||||||
Income (loss) from continuing operations | (31.1 | ) | 6.7 | 13.2 | (2.0 | ) | ||||||||||
Income (loss) from discontinued operations, net of taxes | (11.3 | ) | (7.1 | ) | (1.2 | ) | 1 | |||||||||
Net income (loss) | (42.4 | ) | (0.4 | ) | 12 | (1.0 | ) | |||||||||
Net loss attributable to non-controlling interest | — | — | — | — | ||||||||||||
Net income (loss) attributable to Pinnacle Entertainment, Inc. | $ | (42.4 | ) | $ | (0.4 | ) | $ | 12 | $ | (1.0 | ) | |||||
Per Share Data—Basic (a) | ||||||||||||||||
Income (loss) from continuing operations | $ | (0.53 | ) | $ | 0.11 | $ | 0.21 | $ | (0.03 | ) | ||||||
Income (loss) from discontinued operations, net of taxes | (0.19 | ) | (0.11 | ) | (0.02 | ) | 0.01 | |||||||||
Net income (loss)—basic | $ | (0.72 | ) | $ | — | $ | 0.19 | $ | (0.02 | ) | ||||||
Per Share Data—Diluted (a) | ||||||||||||||||
Income (loss) from continuing operations | $ | (0.53 | ) | $ | 0.11 | $ | 0.21 | $ | (0.03 | ) | ||||||
Income (loss) from discontinued operations, net of taxes | (0.19 | ) | (0.11 | ) | (0.02 | ) | 0.01 | |||||||||
Net income (loss)—diluted | $ | (0.72 | ) | $ | — | $ | 0.19 | $ | (0.02 | ) | ||||||
(a) | Net income (loss) per share calculations for each quarter is based on the weighted average number of shares outstanding during the respective periods; accordingly, the sum of the quarters may not equal the full-year income (loss) per share. |
Schedule_II_Valuation_and_Qual
Schedule II Valuation and Qualifying Accounts | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||
Schedule II Valuation and Qualifying Accounts | ' | ||||||||||||||||||||||||||||||||||||||||
PINNACLE ENTERTAINMENT, INC. | |||||||||||||||||||||||||||||||||||||||||
SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS | |||||||||||||||||||||||||||||||||||||||||
For the years ended December 31, 2011, 2012 and 2013 | |||||||||||||||||||||||||||||||||||||||||
(amounts in thousands) | |||||||||||||||||||||||||||||||||||||||||
As of | 2011 | As of | 2012 | As of | 2013 | As of | |||||||||||||||||||||||||||||||||||
Description | 1/1/11 | Additions | Deductions | 12/31/11 | Additions | Deductions | 12/31/12 | Additions | Deductions | 12/31/13 | |||||||||||||||||||||||||||||||
Allowance for doubtful accounts | $ | 2,645 | $ | 2,932 | $ | (967 | ) | $ | 4,610 | $ | 3,766 | $ | (1,068 | ) | $ | 7,308 | $ | 2,190 | $ | (4,320 | ) | $ | 5,178 | ||||||||||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||||||||||||||
Business Combinations Policy [Policy Text Block] | ' | |||||||||||||||||||
Business Combinations. We allocate the business combination purchase price to tangible and identifiable intangible assets acquired and liabilities assumed based on their fair values. The excess of the purchase price over those fair values is recorded as goodwill. We determined the fair value of identifiable intangible assets, such as customer relationships and trademarks, as well as any other significant tangible assets or liabilities, such as long-lived property. The fair value allocation methodology requires management to make assumptions and apply judgment to estimate the fair value of acquired assets and liabilities assumed. Management estimates the fair value of assets and liabilities primarily using discounted cash flows and replacement cost analysis. Provisional fair value measurements of acquired assets and liabilities assumed may be retrospectively adjusted during the measurement period. The measurement period ends once we are able to determine we have obtained all necessary information that existed as of the acquisition date or once we determine that such information is unavailable. The measurement period does not extend beyond one year from the acquisition date. See Note 7, Investment and Acquisition Activities, for additional information. | ||||||||||||||||||||
Consolidation Policy | ' | |||||||||||||||||||
Principles of Consolidation. The accompanying Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles ("GAAP") in the United States and the rules and regulations of the Securities and Exchange Commission (“SEC”). The results for the periods reflect all adjustments that management considers necessary for a fair presentation of operating results. The Consolidated Financial Statements include the accounts of Pinnacle Entertainment, Inc. and its subsidiaries. Investments in the common stock of unconsolidated affiliates in which we have the ability to exercise significant influence are accounted for under the equity method. All significant intercompany accounts and transactions have been eliminated in consolidation. | ||||||||||||||||||||
Use of Estimates Policy | ' | |||||||||||||||||||
Use of Estimates. The preparation of Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and (iii) the reported amounts of revenues and expenses during the reporting period. Estimates used by us include, among other things, the estimated useful lives for depreciable and amortizable assets, the estimated allowance for doubtful accounts receivable, estimated income tax provisions, the evaluation of the future realization of deferred tax assets, determining the adequacy of reserves for self-insured liabilities and our customer loyalty programs, estimated cash flows in assessing the recoverability of long-lived assets, asset impairments, goodwill and intangible assets, contingencies and litigation, and estimates of the forfeiture rate and expected life of share-based awards and stock price volatility when computing share-based compensation expense. Actual results may differ from those estimates. | ||||||||||||||||||||
Fair Value Policy | ' | |||||||||||||||||||
Fair Value. Fair value measurements affect our accounting and impairment assessments of our long-lived assets, investments in unconsolidated affiliates, assets acquired in an acquisition, goodwill, and other intangible assets. Fair value measurements also affect our accounting for certain financial assets and liabilities. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and is measured according to a hierarchy that includes: "Level 1" inputs, such as quoted prices in an active market for identical assets or liabilities; "Level 2" inputs, which are observable inputs for similar assets; or "Level 3" inputs, which are unobservable inputs. | ||||||||||||||||||||
The following table presents a summary of fair value measurements by level for certain liabilities measured at fair value on a recurring basis in the Consolidated Balance Sheets: | ||||||||||||||||||||
Fair Value Measurements Using: | ||||||||||||||||||||
Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||
(in millions) | ||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||
Deferred compensation | $ | 0.8 | $ | 0.8 | $ | — | $ | — | ||||||||||||
As of December 31, 2012 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||
Deferred compensation | $ | 1 | $ | 1 | $ | — | $ | — | ||||||||||||
The following table presents a summary of fair value measurements by level for certain financial instruments not measured at fair value on a recurring basis in the Consolidated Balance Sheets for which it is practicable to estimate fair value: | ||||||||||||||||||||
Fair Value Measurements Using: | ||||||||||||||||||||
Total Carrying Value | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
(in millions) | ||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Held-to-maturity securities | $ | 14.8 | $ | 30.1 | $ | — | $ | 26.7 | $ | 3.4 | ||||||||||
Promissory notes | $ | 9.5 | $ | 16.5 | $ | — | $ | 16.5 | $ | — | ||||||||||
Liabilities: | ||||||||||||||||||||
Long-term debt | $ | 4,380.10 | $ | 4,511.90 | $ | — | $ | 4,511.90 | $ | — | ||||||||||
As of December 31, 2012 | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Held-to-maturity securities | $ | 14.4 | $ | 14.4 | $ | — | $ | 9.9 | $ | 4.5 | ||||||||||
Promissory notes | $ | 4 | $ | 4 | $ | — | $ | 4 | $ | — | ||||||||||
Liabilities: | ||||||||||||||||||||
Long-term debt | $ | 1,440.50 | $ | 1,532.10 | $ | — | $ | 1,532.10 | $ | — | ||||||||||
The estimated fair values for certain of our long-term held-to-maturity securities and our long-term promissory notes were based on Level 2 inputs using observable market data for comparable instruments in establishing prices. | ||||||||||||||||||||
The estimated fair values for certain of our long-term held-to-maturity securities were based on Level 3 inputs using a present value of future cash flow valuation technique that relies on management assumptions and qualitative observations. Key significant unobservable inputs in this technique include discount rate risk premiums and probability-weighted cash flow scenarios. | ||||||||||||||||||||
The estimated fair values of our long-term debt include the fair value of our senior notes, senior subordinated notes and senior secured credit facility using Level 2 inputs of observable market data on comparable debt instruments on or about December 31, 2013. | ||||||||||||||||||||
Cash and Cash Equivalents Policy | ' | |||||||||||||||||||
Cash and Cash Equivalents. Cash and cash equivalents totaled approximately $191.9 million and $94.8 million at December 31, 2013 and 2012, respectively. Cash equivalents are highly liquid investments with an original maturity of less than three months and are stated at the lower of cost or market value and are valued using Level 1 inputs. | ||||||||||||||||||||
Accounts Receivable Policy | ' | |||||||||||||||||||
Accounts Receivable. Accounts receivable consist primarily of casino, hotel and other receivables. We extend casino credit to approved customers in states where it is permitted following investigations of creditworthiness. Accounts receivable are non-interest bearing and are initially recorded at cost. We have estimated an allowance for doubtful accounts of $5.2 million and $7.3 million as of December 31, 2013 and 2012, respectively, to reduce receivables to their carrying amount, which approximates fair value. The allowance for doubtful accounts is estimated based upon, among other things, collection experience, customer credit evaluations and the age of the receivables. Bad debt expense totaled $2.2 million, $3.8 million, and $2.9 million for the years ended December 31, 2013, 2012, and 2011, respectively. | ||||||||||||||||||||
Inventories Policy | ' | |||||||||||||||||||
Inventories. Inventories, which consist primarily of food, beverage and retail items, are stated at the lower of cost or market value. Costs are determined using the first-in, first-out and the weighted average methods. | ||||||||||||||||||||
Restricted Cash Policy | ' | |||||||||||||||||||
Restricted Cash. Long-term restricted cash of $11.6 million and $5.7 million as of December 31, 2013 and 2012, respectively, consists primarily of indemnification trust deposits. | ||||||||||||||||||||
Land, Building, Vessels and Equipment Policy | ' | |||||||||||||||||||
Land, Buildings, Vessels and Equipment. Land, buildings, vessels and equipment are stated at cost. Land includes land not currently being used in our operations that totaled $39.2 million at December 31, 2013 and $27.2 million at December 31, 2012. During the fourth quarter of 2012, we recorded $4.7 million in accelerated depreciation expense associated with assets at our Belterra Park property, due to the planned demolition of the grandstand and related facilities to make way for a new gaming entertainment center development. | ||||||||||||||||||||
For the year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Depreciation expense | $ | 139.1 | $ | 82.5 | $ | 70.1 | ||||||||||||||
We capitalize the costs of improvements that extend the life of the asset. We expense maintenance and repairs costs as incurred. Gains or losses on the dispositions of land, buildings, vessels or equipment are included in the determination of income. We depreciate our land improvements, buildings, vessels and equipment using the straight-line method over the shorter of the estimated useful life of the asset or the related lease term, as follows: | ||||||||||||||||||||
Years | ||||||||||||||||||||
Land improvements | 5 to 20 | |||||||||||||||||||
Buildings and improvements | 15 to 35 | |||||||||||||||||||
Vessels | 10 to 25 | |||||||||||||||||||
Furniture, fixtures and equipment | 3 to 20 | |||||||||||||||||||
Development costs directly associated with the acquisition, development and construction of a project are capitalized as a cost of the project during the periods in which activities necessary to get the property ready for its intended use are in progress. The costs incurred for development projects are carried at cost. Interest costs associated with development projects are capitalized as part of the cost of the constructed asset. When no debt is incurred specifically for a project, interest is capitalized on amounts expended for the project using our weighted-average cost of borrowing. Capitalization of interest ceases when the project, or discernible portions of the project, is substantially complete. If substantially all of the construction activities of a project are suspended, capitalization of interest will cease until such activities are resumed. For further discussion, see Note 3, Long-Term Debt. | ||||||||||||||||||||
Equity Method Investments Policy | ' | |||||||||||||||||||
Equity Method Investments. We apply equity method accounting for investments when we do not control the investee, but have the ability to exercise significant influence over its operating and finance policies. Equity method investments are recorded at cost, with the allocable portion of the investee's income or loss reported in earnings, and adjusted for capital contributions to and distributions from the investee. Distributions in excess of equity method earnings, if any, are recognized as a return of investment and recorded as investing cash flows in the Consolidated Statements of Cash Flows. We review our equity investments for impairment whenever events or changes in circumstances indicate that the carrying value of our investment may have experienced an other-than-temporary decline in value. If such conditions exist, we would compare the estimated fair value of the investment to its carrying value to determine if an impairment is indicated. In addition, we would determine if the impairment is other-than-temporary based on our assessment of all relevant factors, including consideration of our intent and ability to retain the investment. To estimate fair value, we would use a discounted cash flow analysis based on estimated future results of the investee and market indicators of terminal year capitalization rates. | ||||||||||||||||||||
Goodwill and Indefinite-lived Intangible Assets Policy | ' | |||||||||||||||||||
Goodwill and Indefinite-lived Intangible Assets. Goodwill consists of the excess of the acquisition cost over the fair value of the net assets acquired in business combinations. Indefinite-lived intangible assets include gaming licenses, trademarks and a racing license. Goodwill and other indefinite-lived intangible assets are subject to an annual assessment for impairment during the fourth quarter, or more frequently if there are indications of possible impairment. During the third quarter of 2013, we determined there was an indication of impairment for our Boomtown Bossier City gaming license due to a decrease in forecasted financial performance resulting from new competition, and we recorded an impairment charge of $10 million. There were no impairments to goodwill for the years ended December 31, 2013, 2012 or 2011. For further discussion, see Note 9, Goodwill and Other Intangible Assets. | ||||||||||||||||||||
During the year ended December 31, 2013, we recorded a total of $864.1 million of goodwill and $529.2 million of intangible assets related to our acquisitions of Ameristar and Pinnacle Retama Partners, LLC. In November 2013, we completed the sale of our equity interests in the entity developing the Ameristar Casino Lake Charles project, and as a result, we no longer hold a $29.8 million gaming license acquired through the Ameristar acquisition. For further discussion, see Note 7, Investments and Acquisition Activities and Note 8, Discontinued Operations. | ||||||||||||||||||||
In July 2012, we recorded goodwill totaling $2.6 million related to the acquisition of the Heartland Poker Tour. In January 2011, we recorded goodwill totaling $35.8 million related to the purchase of Belterra Park (formerly River Downs). | ||||||||||||||||||||
Debt Issuance Costs and Debt Discounts Policy | ' | |||||||||||||||||||
Debt Issuance Costs and Debt Discounts/Premiums. Debt issuance costs include costs incurred in connection with the issuance of debt and are capitalized and amortized over the contractual term of the debt to interest expense. Debt issuance costs of the revolving credit facility are amortized on a straight-line basis, while all other debt issuance costs are amortized using the effective interest method. Unamortized debt issuance costs were $54.1 million and $34.3 million at December 31, 2013 and 2012, respectively, and are included in “Other assets, net” on our Consolidated Balance Sheets. Debt discounts/premiums incurred in connection with the issuance of debt have been included as a component of the carrying value of debt and are being amortized to interest expense using the effective interest method. Amortization of debt issuance costs and debt discounts/premiums included in interest expense was $6.4 million, $6.5 million, and $5.2 million for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||||||||||||
Self-Insurance Accruals Policy | ' | |||||||||||||||||||
Self-Insurance Accruals. We are self-insured up to certain limits for costs associated with general liability, workers’ compensation and employee health coverage. Insurance claims and reserves include accruals of estimated settlements for known claims, legal costs related to settling such claims and accruals of actuarial estimates of incurred but not reported claims. At December 31, 2013 and 2012, we had total self-insurance accruals of $26.2 million and $13.7 million, respectively, which are included in “Other accrued liabilities” in our Consolidated Balance Sheets. The increase in the December 31, 2013 self-insurance accruals as compared with December 31, 2012 is primarily a result of the Ameristar acquisition. In estimating these accruals, we consider historical loss experience and make judgments about the expected level of costs per claim. We believe the estimates of future liability are reasonable based upon our methodology; however, changes in health care costs, accident frequency and severity could materially affect the estimate for these liabilities. | ||||||||||||||||||||
Customer Loyalty Program Policy | ' | |||||||||||||||||||
Customer Loyalty Program. We currently offer incentives to our customers through two customer loyalty programs - mychoice for our legacy Pinnacle properties and Star Awards for the legacy Ameristar properties. Under both programs, customers earn points based on their level of play that may be redeemed for various benefits, such as cash back, dining, or hotel stays, among others. The reward credit balance under both plans will be forfeited if the customer does not earn any reward credits over the prior six-month period for mychoice, or 12-month period for Star Awards. In addition, based on their level of play under the mychoice program, customers can earn additional benefits without redeeming points, such as a car lease, among other items. | ||||||||||||||||||||
We accrue a liability for the estimated cost of providing these benefits as the benefits are earned. Estimates and assumptions are made regarding cost of providing the benefits, breakage rates, and the mix of goods and services customers will choose. We use historical data to assist in the determination of estimated accruals. Changes in estimates or customer redemption habits could produce significantly different results. At December 31, 2013 and 2012, we had accrued $18.9 million and $10.6 million, respectively, for the estimated cost of providing these benefits. The accrual increased in 2013 primarily as a result of the addition of the Star Awards program for the legacy Ameristar properties. Such amounts are included in "Other accrued liabilities" in our Consolidated Balance Sheets. | ||||||||||||||||||||
Income Taxes Policy | ' | |||||||||||||||||||
Income Taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are provided against deferred tax assets when it is deemed more likely than not that some portion or all of the deferred tax asset will not be realized within a reasonable time period. We assess tax positions using a two-step process. A tax position is recognized if it meets a "more likely than not" threshold, and is measured at the largest amount of benefit that is greater than 50.0% percent of being realized. Uncertain tax positions are reviewed each balance sheet date. Liabilities recorded as a result of this analysis are classified as current or long-term based on the timing of expected payment. See Note 4, Income Taxes, for additional information. | ||||||||||||||||||||
Revenue Recognition Policy | ' | |||||||||||||||||||
Revenue Recognition. Gaming revenues consist of the net win from gaming activities, which is the difference between amounts wagered and amounts paid to winning patrons. Food and beverage, lodging, retail, entertainment, and other operating revenues are recognized as products are delivered or services are performed. | ||||||||||||||||||||
The retail value of food and beverage, lodging and other services furnished to guests on a complimentary basis is included in total revenues and then deducted as promotional allowances. The estimated cost of providing such promotional allowances is primarily included in casino expenses. | ||||||||||||||||||||
Gaming Taxes Policy | ' | |||||||||||||||||||
Gaming Taxes. We are subject to taxes based on gross gaming revenues in the jurisdictions in which we operate, subject to applicable jurisdictional adjustments. These gaming taxes are an assessment on our gaming revenues and are recorded as a gaming department expense in the Consolidated Statements of Operations. | ||||||||||||||||||||
Advertising Costs Policy | ' | |||||||||||||||||||
Advertising Costs. We expense advertising costs the first time the advertising takes place. These costs are included in gaming expenses in the accompanying Consolidated Statements of Operations. In addition, advertising costs associated with development projects are included in pre-opening and development costs until the project is completed. | ||||||||||||||||||||
Pre-Opening and Development Costs Policy | ' | |||||||||||||||||||
Pre-opening and Development Costs. Pre-opening costs consist of payroll costs to hire, employ and train the workforce prior to opening an operating facility; marketing campaigns prior to and commensurate with the opening; legal and professional fees related to the project but not otherwise attributable to depreciable assets; lease payments; real estate taxes; acquisition costs and similar costs prior to the opening. During 2013, we incurred costs associated with the acquisition and integration of Ameristar that were principally comprised of legal and advisory expenses, severance charges and other costs and expenses. Development costs include master planning, conceptual design fees and general and administrative costs related to our projects. | ||||||||||||||||||||
Share-based Compensation Policy | ' | |||||||||||||||||||
Share-based Compensation. We measure the cost of awards of equity instruments to employees based on the grant-date fair value of the award. The grant-date fair value is determined using the Black-Scholes model. The fair value, net of estimated forfeitures, is amortized as compensation cost on a straight-line basis over the vesting period. See Note 6, Employee Benefit Plans. | ||||||||||||||||||||
Earnings Per Share Policy | ' | |||||||||||||||||||
Earnings per Share. Diluted earnings per share reflects the addition of potentially dilutive securities, which include in-the money stock options, restricted stock units and phantom stock units. We calculate the effect of dilutive securities using the treasury stock method. A total of 1.0 million, 4.4 million, and 4.1 million out-of-money stock options were excluded from the calculation of diluted earnings per share for the years ended December 31, 2013, 2012 and 2011, respectively, because including them would have been anti-dilutive. | ||||||||||||||||||||
For the years ended December 31, 2013 and 2012, we recorded a net loss from continuing operations. Accordingly, the potential dilution from the assumed exercise of stock options is anti-dilutive. As a result, basic earnings per share is equal to diluted earnings per share for such years. Options and securities that could potentially dilute basic earnings per share in the future that were not included in the computation of diluted earnings per share were 1.7 million and 0.5 million, respectively. | ||||||||||||||||||||
Treasury Stock Policy | ' | |||||||||||||||||||
Treasury stock. In July 2012, the Board of Directors authorized a share repurchase program of up to $100 million of shares of our Common Stock. The cost of the shares acquired is treated as a deduction from stockholders' equity. During the year ended December 31, 2012, we repurchased 4.4 million shares of common stock, and deducted $51.0 million from stockholders' equity. The Company suspended share repurchase activity late in 2012. The share repurchase authorization still remains in place. | ||||||||||||||||||||
Reclassifications Policy | ' | |||||||||||||||||||
Reclassifications. The Consolidated Financial Statements reflect certain reclassifications to prior year amounts to conform to classification in the current period. Prior year amounts in the Consolidated Balance Sheets, Consolidated Statements of Operations, and Notes to the Consolidated Financial Statements have been adjusted for reclassification of Lumière Place Casino and Hotels from continuing operations to discontinued operations and Note 13, Segment Information, has been recast to reflect our new reporting segment presentation. These reclassifications had no effect on previously reported net losses. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||||||||||||||
Fair value measurements, recurring | ' | |||||||||||||||||||
Fair Value Measurements Using: | ||||||||||||||||||||
Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||
(in millions) | ||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||
Deferred compensation | $ | 0.8 | $ | 0.8 | $ | — | $ | — | ||||||||||||
As of December 31, 2012 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||
Deferred compensation | $ | 1 | $ | 1 | $ | — | $ | — | ||||||||||||
Fair value measurements, nonrecurring | ' | |||||||||||||||||||
Fair Value Measurements Using: | ||||||||||||||||||||
Total Carrying Value | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
(in millions) | ||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Held-to-maturity securities | $ | 14.8 | $ | 30.1 | $ | — | $ | 26.7 | $ | 3.4 | ||||||||||
Promissory notes | $ | 9.5 | $ | 16.5 | $ | — | $ | 16.5 | $ | — | ||||||||||
Liabilities: | ||||||||||||||||||||
Long-term debt | $ | 4,380.10 | $ | 4,511.90 | $ | — | $ | 4,511.90 | $ | — | ||||||||||
As of December 31, 2012 | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Held-to-maturity securities | $ | 14.4 | $ | 14.4 | $ | — | $ | 9.9 | $ | 4.5 | ||||||||||
Promissory notes | $ | 4 | $ | 4 | $ | — | $ | 4 | $ | — | ||||||||||
Liabilities: | ||||||||||||||||||||
Long-term debt | $ | 1,440.50 | $ | 1,532.10 | $ | — | $ | 1,532.10 | $ | — | ||||||||||
Depreciation Expense | ' | |||||||||||||||||||
For the year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Depreciation expense | $ | 139.1 | $ | 82.5 | $ | 70.1 | ||||||||||||||
Estimated Useful Lives | ' | |||||||||||||||||||
Years | ||||||||||||||||||||
Land improvements | 5 to 20 | |||||||||||||||||||
Buildings and improvements | 15 to 35 | |||||||||||||||||||
Vessels | 10 to 25 | |||||||||||||||||||
Furniture, fixtures and equipment | 3 to 20 | |||||||||||||||||||
Complimentary Revenues | ' | |||||||||||||||||||
For the year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Food and beverage | $ | 94.7 | $ | 58.1 | $ | 55.8 | ||||||||||||||
Lodging | 49.3 | 28.1 | 27.4 | |||||||||||||||||
Other | 13.4 | 9.6 | 8.4 | |||||||||||||||||
Total promotional allowances | $ | 157.4 | $ | 95.8 | $ | 91.6 | ||||||||||||||
The cost to provide such complimentary benefits for the years ended December 31, 2013, 2012 and 2011 were as follows: | ||||||||||||||||||||
For the year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Promotional allowance costs included in gaming expense | $ | 111.2 | $ | 72.4 | $ | 69.7 | ||||||||||||||
Gaming Taxes | ' | |||||||||||||||||||
For the year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Gaming taxes | $ | 378.6 | $ | 261.8 | $ | 247.7 | ||||||||||||||
Advertising Costs | ' | |||||||||||||||||||
For the year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Advertising costs | $ | 20.9 | $ | 22.1 | $ | 17.1 | ||||||||||||||
Pre-opening and Development Costs | ' | |||||||||||||||||||
For the year ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Ameristar acquisition | $ | 85.3 | $ | — | $ | — | ||||||||||||||
Other | 3.7 | 21.5 | 8.8 | |||||||||||||||||
Total pre-opening and development costs | $ | 89 | $ | 21.5 | $ | 8.8 | ||||||||||||||
Land_Buildings_Vessels_and_Equ1
Land, Buildings, Vessels and Equipment Land, Buildings, Vessels and Equipment (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Land, Buildings, Vessels and Equipment Table [Table Text Block] | ' | |||||||
The following table presents a summary of our land, buildings, vessels and equipment: | ||||||||
For the year ended December 31, | ||||||||
2013 | 2012 | |||||||
(in millions) | ||||||||
Land, buildings, vessels and equipment: | ||||||||
Land and land improvements | $ | 395.1 | $ | 241.2 | ||||
Buildings, vessels and improvements | 2,492.20 | 1,113.30 | ||||||
Furniture, fixtures and equipment | 633.1 | 428.3 | ||||||
Construction in progress | 175.6 | 46.4 | ||||||
Land, buildings, vessels and equipment, gross | 3,696.00 | 1,829.20 | ||||||
Less: accumulated depreciation | (656.1 | ) | (543.3 | ) | ||||
Land, buildings, vessels and equipment, net | $ | 3,039.90 | $ | 1,285.90 | ||||
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 12 Months Ended | ||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | ||||||||||||||||||||||||||
Long-term Debt, Unclassified [Abstract] | ' | ' | |||||||||||||||||||||||||
Schedule of Long-term Debt | ' | ' | |||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||||
Outstanding Principal | Unamortized (Discount) Premium | Long-Term Debt, Net | Outstanding Principal | Unamortized Discount | Long-Term Debt, Net | ||||||||||||||||||||||
(in millions) | (in millions) | ||||||||||||||||||||||||||
Senior Secured Credit Facility: | Senior Secured Credit Facility: | ||||||||||||||||||||||||||
Revolving Credit Facility due 2018 | $ | 493.6 | $ | — | $ | 493.6 | Term Loan | $ | 322.6 | $ | (2.9 | ) | $ | 319.7 | |||||||||||||
Term B1 Loan due 2016 | 202 | (7.7 | ) | 194.3 | 7.75% Senior Subordinated Notes due 2022 | 325 | — | 325 | |||||||||||||||||||
Term B2 Loan due 2020 | 1,094.50 | (26.0 | ) | 1,068.50 | 8.75% Senior Subordinated Notes due 2020 | 350 | — | 350 | |||||||||||||||||||
6.375% Senior Notes due 2021 | 850 | — | 850 | 8.625% Senior Notes due 2017 | 450 | (4.2 | ) | 445.8 | |||||||||||||||||||
7.50% Senior Notes due 2021 | 1,040.00 | 58.6 | 1,098.50 | 1,447.60 | (7.1 | ) | 1,440.50 | ||||||||||||||||||||
7.75% Senior Subordinated Notes due 2022 | 325 | — | 325 | Less current maturities | (3.3 | ) | — | (3.3 | ) | ||||||||||||||||||
8.75% Senior Subordinated Notes due 2020 | 350 | — | 350 | $ | 1,444.30 | $ | (7.1 | ) | $ | 1,437.30 | |||||||||||||||||
Other | 0.1 | — | 0.1 | ||||||||||||||||||||||||
4,355.20 | 24.9 | 4,380.10 | |||||||||||||||||||||||||
Less current maturities | (16.0 | ) | — | (16.0 | ) | ||||||||||||||||||||||
$ | 4,339.20 | $ | 24.9 | $ | 4,364.10 | ||||||||||||||||||||||
Schedule of Redeemable Notes | ' | ' | |||||||||||||||||||||||||
6.375% Notes Redeemable | 8.75% Notes Redeemable | 7.75% Notes Redeemable | 7.50% Notes Redeemable | ||||||||||||||||||||||||
On or after | At a % of | On or after | At a % of | On or after | At a % of | On or after | At a % of | ||||||||||||||||||||
August 1, | par equal to | May 15, | par equal to | April 1, | par equal to | 15-Apr | par equal to | ||||||||||||||||||||
2016 | 104.78% | 2015 | 104.38% | 2017 | 103.88% | 2015 | 105.62% | ||||||||||||||||||||
2017 | 103.19% | 2016 | 102.92% | 2018 | 102.58% | 2016 | 103.75% | ||||||||||||||||||||
2018 | 101.59% | 2017 | 101.46% | 2019 | 101.29% | 2017 | 101.88% | ||||||||||||||||||||
2019 and thereafter | 100.00% | 2018 and thereafter | 100.00% | 2020 and thereafter | 100.00% | 2018 and thereafter | 100.00% | ||||||||||||||||||||
Schedule of Interest Expense Net of Capitalized Interest | ' | ' | |||||||||||||||||||||||||
For the year ended December 31, | |||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||
Interest expense | $ | 173.5 | $ | 114.8 | $ | 106 | |||||||||||||||||||||
Interest income | (0.4 | ) | (0.8 | ) | (0.4 | ) | |||||||||||||||||||||
Capitalized interest | (3.3 | ) | (20.3 | ) | (10.3 | ) | |||||||||||||||||||||
Total interest expense, net of capitalized interest | $ | 169.8 | $ | 93.7 | $ | 95.3 | |||||||||||||||||||||
Schedule of Loss on Early Extinguishment of Debt | ' | ' | |||||||||||||||||||||||||
For the year ended December 31, | |||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||
Loss on early extinguishment of debt | $ | 30.8 | $ | 20.7 | $ | 0.2 | |||||||||||||||||||||
Schedule of Maturities of Long-term Debt | ' | ' | |||||||||||||||||||||||||
Year ending December 31: | |||||||||||||||||||||||||||
2014 | $ | 16 | |||||||||||||||||||||||||
2015 | 16 | ||||||||||||||||||||||||||
2016 | 203 | ||||||||||||||||||||||||||
2017 | 11 | ||||||||||||||||||||||||||
2018 | 504.6 | ||||||||||||||||||||||||||
Thereafter | 3,604.60 | ||||||||||||||||||||||||||
Total | 4,355.20 | ||||||||||||||||||||||||||
Less unamortized debt discounts | (33.7 | ) | |||||||||||||||||||||||||
Unamortized debt premium | 58.6 | ||||||||||||||||||||||||||
Long-term debt, including current portion | $ | 4,380.10 | |||||||||||||||||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||||||
Schedule of Income Tax (Expense) Benefit From Continuing Operations | ' | ||||||||||||||||||||
Current | Deferred | Total | |||||||||||||||||||
(in millions) | |||||||||||||||||||||
Year ended December 31, 2013: | |||||||||||||||||||||
U.S. Federal | $ | — | $ | 53.8 | $ | 53.8 | |||||||||||||||
State | (3.3 | ) | 4.6 | 1.3 | |||||||||||||||||
$ | (3.3 | ) | $ | 58.4 | $ | 55.1 | |||||||||||||||
Year ended December 31, 2012: | |||||||||||||||||||||
U.S. Federal | $ | — | $ | (0.9 | ) | $ | (0.9 | ) | |||||||||||||
State | (4.0 | ) | 0.1 | (3.9 | ) | ||||||||||||||||
$ | (4.0 | ) | $ | (0.8 | ) | $ | (4.8 | ) | |||||||||||||
Year ended December 31, 2011: | |||||||||||||||||||||
U.S. Federal | $ | — | $ | 1.4 | $ | 1.4 | |||||||||||||||
State | (3.4 | ) | (0.3 | ) | (3.7 | ) | |||||||||||||||
$ | (3.4 | ) | $ | 1.1 | $ | (2.3 | ) | ||||||||||||||
Schedule of Effective Income Tax Rate Reconciliation | ' | ||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Percent | Amount | Percent | Amount | Percent | Amount | ||||||||||||||||
(dollars in millions) | |||||||||||||||||||||
Federal income tax (expense) benefit at the statutory rate | 35 | % | $ | 66 | 35 | % | $ | 3 | (35.0 | )% | $ | (10.9 | ) | ||||||||
State income taxes, net of federal tax benefits | 3.4 | % | 6.5 | (52.5 | )% | (4.4 | ) | (15.0 | )% | (4.7 | ) | ||||||||||
Non-deductible expenses and other | (0.9 | )% | (1.8 | ) | (8.1 | )% | (0.7 | ) | (2.2 | )% | (0.7 | ) | |||||||||
Cancellation of stock options | — | % | — | (24.5 | )% | (2.1 | ) | (3.9 | )% | (1.2 | ) | ||||||||||
Non-deductible donation of land | — | % | — | — | % | — | (3.7 | )% | (1.1 | ) | |||||||||||
Acquisition costs | (5.4 | )% | (10.2 | ) | — | % | — | — | % | — | |||||||||||
Reserves for unrecognized tax benefits | (0.1 | )% | (0.2 | ) | (1.4 | )% | (0.1 | ) | 1.7 | % | 0.5 | ||||||||||
Credits | 0.8 | % | 1.6 | 6.2 | % | 0.4 | 3 | % | 0.9 | ||||||||||||
Change in valuation allowance/reserve of deferred tax assets | (3.6 | )% | (6.8 | ) | (10.9 | )% | (0.9 | ) | 47.8 | % | 14.9 | ||||||||||
Income tax (expense) benefit from continuing operations | 29.2 | % | $ | 55.1 | (56.2 | )% | $ | (4.8 | ) | (7.3 | )% | $ | (2.3 | ) | |||||||
Allocation of Income Tax (Expense) Benefit Between Continuing Operations, Discontinued Operations and Equity | ' | ||||||||||||||||||||
For the year ended December 31, | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
(in millions) | |||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (188.5 | ) | $ | (8.4 | ) | $ | 31.2 | |||||||||||||
Income tax (expense) benefit allocated to continuing operations | 55.1 | (4.8 | ) | (2.3 | ) | ||||||||||||||||
Income (loss) from continuing operations | (133.4 | ) | (13.2 | ) | 28.9 | ||||||||||||||||
Loss from discontinued operations before income taxes | (123.8 | ) | (18.9 | ) | (31.6 | ) | |||||||||||||||
Income tax (expense) benefit allocated to discontinued operations | 1.2 | 0.3 | 0.2 | ||||||||||||||||||
Loss from discontinued operations | (122.6 | ) | (18.6 | ) | (31.4 | ) | |||||||||||||||
Net loss | $ | (255.9 | ) | $ | (31.8 | ) | $ | (2.5 | ) | ||||||||||||
Income tax (expense) benefit allocated to other comprehensive income | $ | — | $ | — | $ | 0.2 | |||||||||||||||
Schedule of Deferred Tax Assets and Liabilities | ' | ||||||||||||||||||||
December 31, | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
(in millions) | |||||||||||||||||||||
Deferred tax assets—current: | |||||||||||||||||||||
Workers’ compensation insurance reserve | $ | 4.3 | $ | 2.7 | |||||||||||||||||
Allowance for doubtful accounts | 2.8 | 3.1 | |||||||||||||||||||
Legal and merger costs | 4.8 | 3.6 | |||||||||||||||||||
Accruals, reserves and other | 29.2 | 7.7 | |||||||||||||||||||
Less valuation allowance | (22.5 | ) | (16.4 | ) | |||||||||||||||||
Total deferred tax assets—current | 18.6 | 0.7 | |||||||||||||||||||
Deferred tax liabilities—current: | |||||||||||||||||||||
Prepaid expenses | (7.0 | ) | (3.9 | ) | |||||||||||||||||
Accruals, reserves and other | (3.9 | ) | — | ||||||||||||||||||
Total deferred tax liabilities—current | (10.9 | ) | (3.9 | ) | |||||||||||||||||
Net current deferred tax asset (liabilities) | $ | 7.7 | $ | (3.2 | ) | ||||||||||||||||
Deferred tax assets—non-current: | |||||||||||||||||||||
Federal tax credit carry-forwards | $ | 31.2 | $ | 28.9 | |||||||||||||||||
Federal net operating loss carry-forwards | 188.1 | 91.4 | |||||||||||||||||||
State net operating loss carry-forwards | 29.6 | 9.8 | |||||||||||||||||||
Capital loss carry-forwards | 5.9 | 6.3 | |||||||||||||||||||
Deferred compensation | 2.6 | 2.6 | |||||||||||||||||||
Pre-opening expenses capitalized for tax purposes | 10.8 | 11.6 | |||||||||||||||||||
ACDL investment write-down | 38.5 | 9.1 | |||||||||||||||||||
Share-based compensation expense—book cost | 8.8 | 11.9 | |||||||||||||||||||
Bond payable | 27.7 | — | |||||||||||||||||||
Accruals, reserves and other | 42 | 18.6 | |||||||||||||||||||
Less valuation allowance | (237.7 | ) | (184.7 | ) | |||||||||||||||||
Total deferred tax assets—non-current | 147.5 | 5.5 | |||||||||||||||||||
Deferred tax liabilities—non-current: | |||||||||||||||||||||
Land, buildings, vessels and equipment, net | (187.2 | ) | (2.9 | ) | |||||||||||||||||
Intangible assets | (126.8 | ) | (6.1 | ) | |||||||||||||||||
Total deferred tax liabilities—non-current | (314.0 | ) | (9.0 | ) | |||||||||||||||||
Net non-current deferred tax liabilities | $ | (166.5 | ) | $ | (3.5 | ) | |||||||||||||||
The following table summarizes the total deferred tax assets and total deferred tax liabilities provided in the previous table: | |||||||||||||||||||||
December 31, | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
(in millions) | |||||||||||||||||||||
Total deferred tax assets | $ | 426.3 | $ | 207.3 | |||||||||||||||||
Less valuation allowances | (260.2 | ) | (201.1 | ) | |||||||||||||||||
Less total deferred tax liabilities | (324.9 | ) | (12.9 | ) | |||||||||||||||||
Net deferred tax liabilities | $ | (158.8 | ) | $ | (6.7 | ) | |||||||||||||||
Schedule of Unrecognized Tax Benefits | ' | ||||||||||||||||||||
The following table summarizes the activity related to uncertain tax benefits for 2013 and 2012, excluding any interest or penalties: | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
(in millions) | |||||||||||||||||||||
Balance as of January 1 | $ | 9.4 | $ | 7.7 | |||||||||||||||||
Gross increases - tax positions in prior periods | — | 1.5 | |||||||||||||||||||
Gross increases - tax positions in current period | 3.5 | 0.2 | |||||||||||||||||||
Gross decreases - tax positions in current period | (0.9 | ) | — | ||||||||||||||||||
Acquisition | 23.8 | — | |||||||||||||||||||
Statute of limitation expirations | (0.1 | ) | — | ||||||||||||||||||
Balance as of December 31 | $ | 35.7 | $ | 9.4 | |||||||||||||||||
Lease_Obligations_Tables
Lease Obligations (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Leases [Abstract] | ' | |||||||||||
Schedule of Future Minimum Rental Payments for Operating Leases | ' | |||||||||||
Period: | ||||||||||||
2014 | $ | 13 | ||||||||||
2015 | 12 | |||||||||||
2016 | 11.6 | |||||||||||
2017 | 10.5 | |||||||||||
2018 | 10.3 | |||||||||||
Thereafter | 566.7 | |||||||||||
$ | 624.1 | |||||||||||
Schedule of slot and table game participation expense | ' | |||||||||||
For the year ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(in millions) | ||||||||||||
Slot and table game participation expenses | $ | 20.7 | $ | 16.4 | $ | 16.4 | ||||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Employee Benefit and Other Plans [Abstract] | ' | |||||||||||||
Schedule of Nonvested Performance-based Units Activity [Table Text Block] | ' | |||||||||||||
Performance stock units: The following table summarizes information related to our performance stock units as December 31, 2013: | ||||||||||||||
Number of Shares | Weighted Average Fair Value | |||||||||||||
Non-vested shares at January 1, 2013 | — | $ | — | |||||||||||
Granted | 442,540 | $ | 22.84 | |||||||||||
Canceled / Forfeited | (10,682 | ) | $ | 25.14 | ||||||||||
Non-vested shares at December 31, 2013 | 431,858 | $ | 22.79 | |||||||||||
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award | ' | |||||||||||||
The following table summarizes information related to our common stock options under the Stock Option Plans: | ||||||||||||||
Number of Stock Options | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term | Aggregate Intrinsic Value | |||||||||||
(in years) | (in millions) | |||||||||||||
Options outstanding at January 1, 2013 | 5,519,345 | $ | 11.78 | |||||||||||
Granted | 1,251,159 | $ | 21.64 | |||||||||||
Exercised | (880,031 | ) | $ | 11.48 | ||||||||||
Canceled / Forfeited | (381,227 | ) | $ | 10.88 | ||||||||||
Options outstanding at December 31, 2013 | 5,509,246 | $ | 14.01 | 5.33 | $ | 66.4 | ||||||||
Options exercisable at December 31, 2013 | 2,636,839 | $ | 12.62 | 4.69 | $ | 35.6 | ||||||||
Expected to vest at December 31, 2013 | 2,176,609 | $ | 15.55 | 5.94 | $ | 22.7 | ||||||||
Schedule of Weighted-Average Value per Granted Option | ' | |||||||||||||
The following information is provided for our stock options: | ||||||||||||||
For the year ended December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
(in millions, except grant date fair value) | ||||||||||||||
Weighted-average grant date fair value | $ | 10.63 | $ | 5.06 | $ | 6.65 | ||||||||
Intrinsic value of stock options exercised | $ | 9.2 | $ | 0.5 | $ | 3 | ||||||||
Net cash proceeds from exercise of stock options | $ | 10.1 | $ | 1.5 | $ | 3.7 | ||||||||
Schedule of Nonvested Share Activity | ' | |||||||||||||
: The following table summarizes information related to our restricted stock units, as of December 31, 2013 was as follows: | ||||||||||||||
Number of Shares | Weighted Average Fair Value | |||||||||||||
Non-vested shares at January 1, 2013 | 220,537 | $ | 11.33 | |||||||||||
Granted | 714,958 | $ | 20.55 | |||||||||||
Vested | (243,769 | ) | $ | 14.6 | ||||||||||
Canceled / Forfeited | (62,208 | ) | $ | 15.64 | ||||||||||
Non-vested shares at December 31, 2013 | 629,518 | $ | 20.11 | |||||||||||
Schedule of Weighted Average of Assumptions Used | ' | |||||||||||||
In computing the share-based compensation, the following is a weighted average of the assumptions used: | ||||||||||||||
Risk- Free Interest Rate | Expected Life at Issuance (in years) | Expected Volatility | Expected Dividends | |||||||||||
Options granted in the following periods: | ||||||||||||||
2013 | 1.2 | % | 5.11 | 57 | % | None | ||||||||
2012 | 0.8 | % | 5.25 | 58 | % | None | ||||||||
2011 | 1.8 | % | 5.14 | 56.7 | % | None | ||||||||
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs | ' | |||||||||||||
The total compensation costs recognized were as follows: | ||||||||||||||
For the year ended December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
(in millions) | ||||||||||||||
Share-based compensation expense | $ | 11.5 | $ | 8.5 | $ | 6.5 | ||||||||
Schedule of Benefit Obligations | ' | |||||||||||||
The total obligation under the Executive Plan and the cash surrender value of insurance policies are as follow: | ||||||||||||||
December 31, | ||||||||||||||
2013 | 2012 | |||||||||||||
(in millions) | ||||||||||||||
Total obligation under Executive Plan (a) | $ | 6.5 | $ | 6.5 | ||||||||||
Cash surrender value of insurance policies (b) | $ | 2.8 | $ | 2.5 | ||||||||||
(a) | Recorded in "Other Long-Term Liabilities" in the Consolidated Balance Sheets. | |||||||||||||
(b) | Recorded in "Other Assets, Net" in the Consolidated Balance Sheets. |
Investments_and_Acquisition_Ac
Investments and Acquisition Activities (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Equity Method Investments and Joint Ventures [Abstract] | ' | ||||||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | ' | ||||||||
The purchase price totaled $1.8 billion (excluding assumed debt). We funded the cash required for the acquisition largely with debt financing. See discussion of new debt in Note 3, Long-Term Debt. The purchase price was comprised of the following (in thousands): | |||||||||
Consideration for Ameristar equity | $ | 962,428 | |||||||
Repayment of Ameristar debt | 878,828 | ||||||||
$ | 1,841,256 | ||||||||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | ' | ||||||||
The following table reflects the preliminary allocation of the purchase price to the tangible and identifiable intangible | |||||||||
assets acquired and liabilities assumed, with the excess recorded as goodwill (in thousands). | |||||||||
Current and other assets | $ | 152,165 | |||||||
Property and equipment | 1,783,735 | ||||||||
Goodwill | 860,805 | ||||||||
Intangible assets | 524,200 | ||||||||
Other non-current assets | 39,496 | ||||||||
Total assets | 3,360,401 | ||||||||
Current liabilities | 179,493 | ||||||||
Deferred tax liabilities | 218,646 | ||||||||
Other long-term liabilities | 8,109 | ||||||||
Debt | 1,112,897 | ||||||||
Total liabilities | 1,519,145 | ||||||||
Net assets acquired | $ | 1,841,256 | |||||||
Schedule of Property, Plant and Equipment Acquired in a Business Acquisition [Table Text Block] | ' | ||||||||
The following table summarizes the acquired property and equipment. These are preliminary and may change as the purchase price allocation is finalized. | |||||||||
As Recorded at Fair Value | |||||||||
(in thousands) | |||||||||
Land and land improvements | $ | 162,770 | |||||||
Buildings, vessels and improvements | 1,308,151 | ||||||||
Furniture, fixtures and equipment | 158,999 | ||||||||
Construction in progress (a) | 153,815 | ||||||||
Total property and equipment acquired | $ | 1,783,735 | |||||||
(a) Included in acquired construction in progress is Ameristar Casino Resort Spa Lake Charles. Ameristar Casino Resort Spa Lake Charles assets were sold in November 2013. See Note 8, Discontinued Operations, for further detail. | |||||||||
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] | ' | ||||||||
The following table summarizes the acquired intangible assets. These values are preliminary and may change as the purchase price allocation is finalized. | |||||||||
As Recorded at Fair Value | |||||||||
(in thousands) | |||||||||
Trade names | $ | 187,000 | |||||||
Gaming licenses | 258,800 | ||||||||
Player relationships | 74,000 | ||||||||
Favorable leasehold interests | 4,400 | ||||||||
$ | 524,200 | ||||||||
Schedule of Financial Results Since Acquisition Date [Table Text Block] | ' | ||||||||
The following table includes the financial results for the acquired Ameristar entities included in our Consolidated Statement of Operations since the acquisition date: | |||||||||
Period from August 13, 2013 to December 31, 2013 | |||||||||
(in thousands) | |||||||||
Net revenues | $ | 425,767 | |||||||
Net income | $ | 34,495 | |||||||
Business Acquisition, Pro Forma Information [Table Text Block] | ' | ||||||||
The following table includes unaudited pro forma consolidated financial information assuming our acquisition of Ameristar had occurred as of January 1, 2012. The pro forma financial information does not necessarily represent the results that may occur in the future. The pro forma amounts include the historical operating results of Pinnacle and Ameristar prior to the acquisition, with adjustments directly attributable to the acquisition. The pro forma results include increases to depreciation and amortization expense based on the fair values of the intangible assets and fixed assets acquired, amounting to $72.7 million and $120.8 million for the years ended December 31, 2013 and 2012, respectively. The pro forma results also included increases to interest expense, related to the debt issued and assumed in the acquisition, in the amount of $105.2 million and $147.9 million for the year ended December 31, 2013 and 2012, respectively. Lastly, the pro forma results also reflect adjustments for the impact of the extinguishment of Pinnacle's debt in connection with the transaction, acquisition costs and tax expense assuming Ameristar was part of the Company for the full pro forma periods presented. | |||||||||
Year Ended December 31, | |||||||||
2013 | 2012 | ||||||||
(in thousands, except per share data) | |||||||||
Net revenues | $ | 2,209,143 | $ | 2,198,057 | |||||
Net income (loss) from continuing operations | $ | (59,792 | ) | $ | 34,529 | ||||
Basic income (loss) per share | $ | (1.02 | ) | $ | 0.56 | ||||
Diluted income (loss) per share | $ | (1.02 | ) | $ | 0.56 | ||||
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | |||||||||||
Schedule of Discontinued Operations | ' | |||||||||||
Revenue, expense and net income for entities and operations included in discontinued operations are summarized as follows: | ||||||||||||
For the year ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(in millions) | ||||||||||||
Revenues | $ | 181.3 | $ | 213.1 | $ | 240 | ||||||
Operating loss | (123.5 | ) | (19.0 | ) | (31.6 | ) | ||||||
Other non-operating income (loss), net | (0.3 | ) | 0.1 | 0.1 | ||||||||
Loss before income taxes | (123.8 | ) | (18.9 | ) | (31.6 | ) | ||||||
Income tax benefit | 1.2 | 0.3 | 0.2 | |||||||||
Loss from discontinued operations | $ | (122.6 | ) | $ | (18.6 | ) | $ | (31.4 | ) | |||
Net assets for entities and operations included in discontinued operations | ' | |||||||||||
Net assets for entities and operations included in discontinued operations are summarized as follows: | ||||||||||||
December 31, | ||||||||||||
2013 | 2012 | |||||||||||
(in millions) | ||||||||||||
Assets: | ||||||||||||
Property and equipment, net | $ | 272 | $ | 446.7 | ||||||||
Other assets, net | 47.2 | 13.1 | ||||||||||
Total assets | $ | 319.2 | $ | 459.8 | ||||||||
Liabilities: | ||||||||||||
Total liabilities | 26.1 | 21.4 | ||||||||||
Net assets | $ | 293.1 | $ | 438.4 | ||||||||
Goodwill_and_Indefinitelived_I1
Goodwill and Indefinite-lived Intangible Assets (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' | ||||||||||||||||||||||||||||||||||
Schedule of Goodwill | ' | ' | ||||||||||||||||||||||||||||||||||
: | ||||||||||||||||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||||||||||||||
31-Dec-13 | Weighted Average Life Remaining | Gross Carrying Value | Cumulative Amortization | Cumulative Impairment Losses | Intangible Assets, Net | |||||||||||||||||||||||||||||||
Weighted Average Life Remaining (years) | Gross Carrying Value | Cumulative Amortization | Cumulative Impairment Losses | Intangible Assets, Net | Goodwill: | (in millions) | ||||||||||||||||||||||||||||||
Goodwill: | (in millions) | Belterra Park | Indefinite | $ | 35.8 | $ | — | $ | — | $ | 35.8 | |||||||||||||||||||||||||
Ameristar acquisition | Indefinite | $ | 860.8 | $ | — | $ | — | $ | 860.8 | |||||||||||||||||||||||||||
Boomtown New Orleans | Indefinite | 16.8 | — | — | 16.8 | |||||||||||||||||||||||||||||||
Belterra Park | Indefinite | 35.8 | — | — | 35.8 | |||||||||||||||||||||||||||||||
Other | Indefinite | 2.6 | — | — | 2.6 | |||||||||||||||||||||||||||||||
Boomtown New Orleans | Indefinite | 16.8 | — | — | 16.8 | |||||||||||||||||||||||||||||||
55.2 | — | — | 55.2 | |||||||||||||||||||||||||||||||||
Other | Indefinite | 5.9 | — | — | 5.9 | |||||||||||||||||||||||||||||||
Indefinite-lived Intangible Assets: | ||||||||||||||||||||||||||||||||||||
919.3 | — | — | 919.3 | Gaming license | Indefinite | 39.6 | — | (21.1 | ) | 18.5 | ||||||||||||||||||||||||||
Indefinite-lived Intangible Assets: | Trade name | Indefinite | 0.2 | — | — | 0.2 | ||||||||||||||||||||||||||||||
Gaming license | Indefinite | 268.6 | — | (31.1 | ) | 237.5 | ||||||||||||||||||||||||||||||
Other | Indefinite | 1.1 | — | — | 1.1 | |||||||||||||||||||||||||||||||
Trade name | Indefinite | 187.2 | — | — | 187.2 | |||||||||||||||||||||||||||||||
40.9 | — | (21.1 | ) | 19.8 | ||||||||||||||||||||||||||||||||
Racing license | Indefinite | 5 | — | — | 5 | |||||||||||||||||||||||||||||||
Amortizing Intangible Assets: | ||||||||||||||||||||||||||||||||||||
460.8 | — | (31.1 | ) | 429.7 | Player relationships | 10 | 1.1 | (0.1 | ) | — | 1 | |||||||||||||||||||||||||
Amortizing Intangible Assets: | 1.1 | (0.1 | ) | — | 1 | |||||||||||||||||||||||||||||||
Player relationships | 6 | 75.1 | (9.0 | ) | — | 66.1 | ||||||||||||||||||||||||||||||
Total Goodwill and Other Intangible Assets | $ | 97.2 | $ | (0.1 | ) | $ | (21.1 | ) | $ | 76 | ||||||||||||||||||||||||||
Favorable leasehold interests | 32 | 4.4 | (0.1 | ) | — | 4.3 | ||||||||||||||||||||||||||||||
79.5 | (9.1 | ) | — | 70.4 | ||||||||||||||||||||||||||||||||
Total Goodwill and Other Intangible Assets | $ | 1,459.60 | $ | (9.1 | ) | $ | (31.1 | ) | $ | 1,419.40 | ||||||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||||||||||||||
Weighted Average Life Remaining | Gross Carrying Value | Cumulative Amortization | Cumulative Impairment Losses | Intangible Assets, Net | ||||||||||||||||||||||||||||||||
Goodwill: | (in millions) | |||||||||||||||||||||||||||||||||||
Belterra Park | Indefinite | $ | 35.8 | $ | — | $ | — | $ | 35.8 | |||||||||||||||||||||||||||
Boomtown New Orleans | Indefinite | 16.8 | — | — | 16.8 | |||||||||||||||||||||||||||||||
Other | Indefinite | 2.6 | — | — | 2.6 | |||||||||||||||||||||||||||||||
55.2 | — | — | 55.2 | |||||||||||||||||||||||||||||||||
Indefinite-lived Intangible Assets: | ||||||||||||||||||||||||||||||||||||
Gaming license | Indefinite | 39.6 | — | (21.1 | ) | 18.5 | ||||||||||||||||||||||||||||||
Trade name | Indefinite | 0.2 | — | — | 0.2 | |||||||||||||||||||||||||||||||
Other | Indefinite | 1.1 | — | — | 1.1 | |||||||||||||||||||||||||||||||
40.9 | — | (21.1 | ) | 19.8 | ||||||||||||||||||||||||||||||||
Amortizing Intangible Assets: | ||||||||||||||||||||||||||||||||||||
Player relationships | 10 | 1.1 | (0.1 | ) | — | 1 | ||||||||||||||||||||||||||||||
1.1 | (0.1 | ) | — | 1 | ||||||||||||||||||||||||||||||||
Total Goodwill and Other Intangible Assets | $ | 97.2 | $ | (0.1 | ) | $ | (21.1 | ) | $ | 76 | ||||||||||||||||||||||||||
Schedule of Indefinite-lived Intangible Assets | ' | ' | ||||||||||||||||||||||||||||||||||
Player relationships are being amortized on an accelerated basis over an approximate weighted average life remaining six-year period. Favorable leasehold interest are being amortized on a straight-line basis over an approximate weighted average remaining useful life of 32 years. Future amortization is as follows: | ||||||||||||||||||||||||||||||||||||
Player Relationships | Favorable Leasehold Interests | Total | ||||||||||||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||||||||||||
Year ending December 31: | ||||||||||||||||||||||||||||||||||||
2014 | $ | 20.7 | $ | 0.1 | $ | 20.8 | ||||||||||||||||||||||||||||||
2015 | 15.8 | 0.1 | 15.9 | |||||||||||||||||||||||||||||||||
2016 | 11.9 | 0.1 | 12 | |||||||||||||||||||||||||||||||||
2017 | 8.8 | 0.1 | 8.9 | |||||||||||||||||||||||||||||||||
2018 | 6.5 | 0.1 | 6.6 | |||||||||||||||||||||||||||||||||
Thereafter | 2.4 | 3.8 | 6.2 | |||||||||||||||||||||||||||||||||
Total | $ | 66.1 | $ | 4.3 | $ | 70.4 | ||||||||||||||||||||||||||||||
Writedowns_reserves_and_recove1
Write-downs, reserves and recoveries, net (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Write Downs Reserves And Recoveries Net Abstract | ' | |||||||||||
Schedule of Write Downs Reserves And Recoveries Net | ' | |||||||||||
Write-downs, reserves and recoveries, net consist of the following: | ||||||||||||
For the year ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(in millions) | ||||||||||||
Loss (gain) on disposal of assets, net | $ | 2.8 | $ | (1.2 | ) | $ | 2.4 | |||||
Reserve on loan receivable, net | 0.1 | 1.7 | — | |||||||||
Impairment of long-lived assets | 2.9 | 0.3 | 0.4 | |||||||||
Impairment of indefinite-lived intangibles | 10 | — | — | |||||||||
Other write-downs and reserves | 1.5 | — | 0.4 | |||||||||
Write-downs, reserves and recoveries, net | $ | 17.3 | $ | 0.8 | $ | 3.2 | ||||||
Consolidating_Condensed_Financ1
Consolidating Condensed Financial Informtaion (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Consolidating Condensed Financial Information [Abstract] | ' | |||||||||||||||||||
Schedule of Condensed Consolidating Financial Statements | ' | |||||||||||||||||||
100% Owned | Consolidating | Pinnacle | ||||||||||||||||||
Pinnacle | 100% Owned | Non- | and | Entertainment, | ||||||||||||||||
Entertainment, | Guarantor | Guarantor | Eliminating | Inc. | ||||||||||||||||
Inc. | Subsidiaries(a) | Subsidiaries(b) | Entries | Consolidated | ||||||||||||||||
(in millions) | ||||||||||||||||||||
Statements of Operations | ||||||||||||||||||||
For the year ended December 31, 2013 | ||||||||||||||||||||
Revenues: | ||||||||||||||||||||
Gaming | $ | — | $ | 1,327.30 | $ | — | $ | — | $ | 1,327.30 | ||||||||||
Food and beverage | — | 78.9 | — | — | 78.9 | |||||||||||||||
Lodging | — | 31.3 | — | — | 31.3 | |||||||||||||||
Retail, entertainment and other | 0.1 | 50.2 | — | — | 50.3 | |||||||||||||||
0.1 | 1,487.70 | — | — | 1,487.80 | ||||||||||||||||
Expenses: | ||||||||||||||||||||
Gaming | — | 733.5 | — | — | 733.5 | |||||||||||||||
Food and beverage | — | 69.8 | — | — | 69.8 | |||||||||||||||
Lodging | — | 14.8 | — | — | 14.8 | |||||||||||||||
Retail, entertainment and other | — | 23.3 | — | — | 23.3 | |||||||||||||||
General and administrative and other | 63.1 | 223.8 | 0.5 | — | 287.4 | |||||||||||||||
Pre-opening and development | 86.2 | 2.1 | 0.7 | — | 89 | |||||||||||||||
Depreciation and amortization | 6.5 | 142 | — | — | 148.5 | |||||||||||||||
Write downs, reserves, recoveries, net | 1.1 | 14.5 | 1.6 | — | 17.2 | |||||||||||||||
156.9 | 1,223.80 | 2.8 | — | 1,383.50 | ||||||||||||||||
Operating income (loss) | (156.8 | ) | 263.9 | (2.8 | ) | — | 104.3 | |||||||||||||
Equity earnings of subsidiaries | (16.1 | ) | — | — | 16.1 | — | ||||||||||||||
Interest (expense) and non-operating income, net | (177.4 | ) | 7.7 | — | — | (169.7 | ) | |||||||||||||
Loss on early extinguishment of debt | (30.8 | ) | — | — | — | (30.8 | ) | |||||||||||||
Loss from equity method investment | — | — | (92.2 | ) | — | (92.2 | ) | |||||||||||||
Income (loss) from continuing operations before inter-company activity and income taxes | (381.1 | ) | 271.6 | (95.0 | ) | 16.1 | (188.4 | ) | ||||||||||||
Management fee and inter-company interest | 70.1 | (70.1 | ) | — | — | — | ||||||||||||||
Income tax expense | 55.1 | — | — | — | 55.1 | |||||||||||||||
Income (loss) from continuing operations | (255.9 | ) | 201.5 | (95.0 | ) | 16.1 | (133.3 | ) | ||||||||||||
Loss from discontinued operations, net of taxes | — | (122.5 | ) | (0.1 | ) | — | (122.6 | ) | ||||||||||||
Net income (loss) | $ | (255.9 | ) | $ | 79 | $ | (95.1 | ) | $ | 16.1 | $ | (255.9 | ) | |||||||
100% Owned | Consolidating | Pinnacle | ||||||||||||||||||
Pinnacle | 100% Owned | Non- | and | Entertainment, | ||||||||||||||||
Entertainment, | Guarantor | Guarantor | Eliminating | Inc. | ||||||||||||||||
Inc. | Subsidiaries(a) | Subsidiaries(b) | Entries | Consolidated | ||||||||||||||||
(in millions) | ||||||||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||
Revenues: | ||||||||||||||||||||
Gaming | $ | — | $ | 892.3 | $ | — | $ | — | $ | 892.3 | ||||||||||
Food and beverage | — | 53.5 | — | — | 53.5 | |||||||||||||||
Lodging | — | 21.9 | — | — | 21.9 | |||||||||||||||
Retail, entertainment and other | 0.1 | 34.5 | 0.5 | — | 35.1 | |||||||||||||||
0.1 | 1,002.20 | 0.5 | — | 1,002.80 | ||||||||||||||||
Expenses: | ||||||||||||||||||||
Gaming | — | 501.4 | — | — | 501.4 | |||||||||||||||
Food and beverage | — | 47.1 | — | — | 47.1 | |||||||||||||||
Lodging | — | 11.6 | — | — | 11.6 | |||||||||||||||
Retail, entertainment and other | — | 19.1 | 0.7 | — | 19.8 | |||||||||||||||
General and administrative and other | 26.7 | 153.9 | 0.6 | — | 181.2 | |||||||||||||||
Pre-opening and development costs | 3.2 | 16.7 | 1.6 | — | 21.5 | |||||||||||||||
Depreciation and amortization | 3.3 | 79.2 | 0.2 | — | 82.7 | |||||||||||||||
Write downs, reserves, recoveries and impairments | 0.3 | (1.2 | ) | 1.7 | — | 0.8 | ||||||||||||||
33.5 | 827.8 | 4.8 | — | 866.1 | ||||||||||||||||
Operating income (loss) | (33.4 | ) | 174.4 | (4.3 | ) | — | 136.7 | |||||||||||||
Equity earnings of subsidiaries | 111.3 | (0.1 | ) | — | (111.2 | ) | — | |||||||||||||
Loss on early extinguishment of debt | (20.7 | ) | — | — | — | (20.7 | ) | |||||||||||||
Loss from equity method investment | — | — | (30.8 | ) | — | (30.8 | ) | |||||||||||||
Interest (expense) and non-operating income, net | (114.4 | ) | 12 | 8.7 | — | (93.7 | ) | |||||||||||||
Income (loss) from continuing operations before inter-company activity and income taxes | (57.2 | ) | 186.3 | (26.4 | ) | (111.2 | ) | (8.5 | ) | |||||||||||
Management fee and inter-company interest | 30.1 | (20.2 | ) | (8.4 | ) | (1.5 | ) | — | ||||||||||||
Income tax benefit | (4.7 | ) | — | — | — | (4.7 | ) | |||||||||||||
Income (loss) from continuing operations | (31.8 | ) | 166.1 | (34.8 | ) | (112.7 | ) | (13.2 | ) | |||||||||||
Income (loss) from discontinued operations, net of taxes | — | (20.0 | ) | (0.1 | ) | 1.5 | (18.6 | ) | ||||||||||||
Net income (loss) | $ | (31.8 | ) | $ | 146.1 | $ | (34.9 | ) | $ | (111.2 | ) | $ | (31.8 | ) | ||||||
100% Owned | Consolidating | Pinnacle | ||||||||||||||||||
Pinnacle | 100% Owned | Non- | and | Entertainment, | ||||||||||||||||
Entertainment, | Guarantor | Guarantor | Eliminating | Inc. | ||||||||||||||||
Inc. | Subsidiaries(a) | Subsidiaries(b) | Entries | Consolidated | ||||||||||||||||
(in millions) | ||||||||||||||||||||
For the year ended December 31, 2011 | ||||||||||||||||||||
Revenues: | ||||||||||||||||||||
Gaming | $ | — | $ | 840.7 | $ | — | $ | — | $ | 840.7 | ||||||||||
Food and beverage | — | 48.5 | — | — | 48.5 | |||||||||||||||
Lodging | — | 20.9 | — | — | 20.9 | |||||||||||||||
Retail, entertainment and other | 0.1 | 30.7 | — | — | 30.8 | |||||||||||||||
0.1 | 940.8 | — | — | 940.9 | ||||||||||||||||
Expenses: | ||||||||||||||||||||
Gaming | — | 480.5 | — | — | 480.5 | |||||||||||||||
Food and beverage | — | 42.6 | — | — | 42.6 | |||||||||||||||
Lodging | — | 10 | — | — | 10 | |||||||||||||||
Retail, entertainment and other | — | 18.7 | — | — | 18.7 | |||||||||||||||
General and administrative and other | 33.3 | 146.4 | — | — | 179.7 | |||||||||||||||
Pre-opening and development costs | 4.1 | 4.7 | — | — | 8.8 | |||||||||||||||
Depreciation and amortization | 3.4 | 66.8 | — | — | 70.2 | |||||||||||||||
Write downs, reserves, recoveries and impairments | 0.7 | 2.4 | — | — | 3.1 | |||||||||||||||
41.5 | 772.1 | — | — | 813.6 | ||||||||||||||||
Operating income (loss) | (41.4 | ) | 168.7 | — | — | 127.3 | ||||||||||||||
Equity earnings of subsidiaries | 127.8 | — | — | (127.8 | ) | — | ||||||||||||||
Loss on early extinguishment of debt | (0.2 | ) | — | — | — | (0.2 | ) | |||||||||||||
Loss from equity method investment | — | — | (0.6 | ) | — | (0.6 | ) | |||||||||||||
Interest (expense) and non-operating income, net | (105.7 | ) | 7 | 3.4 | — | (95.3 | ) | |||||||||||||
Income (loss) from continuing operations before inter-company activity and income taxes | (19.5 | ) | 175.7 | 2.8 | (127.8 | ) | 31.2 | |||||||||||||
Management fee and inter-company interest | 19.3 | (14.6 | ) | (3.4 | ) | (1.3 | ) | — | ||||||||||||
Income tax benefit | (2.3 | ) | — | — | — | (2.3 | ) | |||||||||||||
Income (loss) from continuing operations | (2.5 | ) | 161.1 | (0.6 | ) | (129.1 | ) | 28.9 | ||||||||||||
Income (loss) from discontinued operations, net of taxes | — | (32.9 | ) | 0.2 | 1.3 | (31.4 | ) | |||||||||||||
Net income (loss) | $ | (2.5 | ) | $ | 128.2 | $ | (0.4 | ) | $ | (127.8 | ) | $ | (2.5 | ) | ||||||
100% Owned | Consolidating | Pinnacle | ||||||||||||||||||
Pinnacle | 100% Owned | Non- | and | Entertainment, | ||||||||||||||||
Entertainment, | Guarantor | Guarantor | Eliminating | Inc. | ||||||||||||||||
Inc. | Subsidiaries(a) | Subsidiaries(b) | Entries | Consolidated | ||||||||||||||||
(in millions) | ||||||||||||||||||||
Balance Sheets | ||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||
Current assets, excluding discontinued operations | $ | 66.8 | $ | 185.1 | $ | 27.7 | $ | — | $ | 279.6 | ||||||||||
Property and equipment, net | 51.1 | 2,983.10 | 5.7 | — | 3,039.90 | |||||||||||||||
Other non-current assets | 578.4 | 911.9 | 28.4 | — | 1,518.70 | |||||||||||||||
Investment in subsidiaries | 4,364.90 | — | — | (4,364.9 | ) | — | ||||||||||||||
Equity method investment | — | — | 2 | — | 2 | |||||||||||||||
Assets of discontinued operations held for sale | — | 318.8 | 1.2 | (0.8 | ) | 319.2 | ||||||||||||||
Inter-company | 1.2 | — | — | (1.2 | ) | — | ||||||||||||||
Total assets | $ | 5,062.40 | $ | 4,398.90 | $ | 65 | $ | (4,366.9 | ) | $ | 5,159.40 | |||||||||
Current liabilities | $ | 147.3 | $ | 198.9 | $ | 0.1 | $ | — | $ | 346.3 | ||||||||||
Notes payable, long term | 5,149.00 | (785.0 | ) | — | — | 4,364.00 | ||||||||||||||
Other non-current liabilities | (48.1 | ) | 245.9 | — | — | 197.8 | ||||||||||||||
Liabilities of discontinued operations held for sale | — | 26.1 | — | — | 26.1 | |||||||||||||||
Inter-company | — | — | 1.2 | (1.2 | ) | — | ||||||||||||||
Total liabilities | 5,248.20 | (314.1 | ) | 1.3 | (1.2 | ) | 4,934.20 | |||||||||||||
Additional paid-in capital | 1,081.40 | 3,777.90 | 325.7 | (4,109.0 | ) | 1,076.00 | ||||||||||||||
Retained deficit | (701.7 | ) | 433.3 | (273.5 | ) | (256.3 | ) | (798.2 | ) | |||||||||||
Common stock, treasury stock and other | (565.5 | ) | 501.8 | — | (0.4 | ) | (64.1 | ) | ||||||||||||
Total Pinnacle stockholders' equity | (185.8 | ) | 4,713.00 | 52.2 | (4,365.7 | ) | 213.7 | |||||||||||||
Non-controlling interest | — | — | 11.5 | — | 11.5 | |||||||||||||||
Total equity | (185.8 | ) | 4,713.00 | 63.7 | (4,365.7 | ) | 225.2 | |||||||||||||
Total liabilities and stockholders' equity | $ | 5,062.40 | $ | 4,398.90 | $ | 65 | $ | (4,366.9 | ) | $ | 5,159.40 | |||||||||
As of December 31, 2012 | ||||||||||||||||||||
Current assets, excluding discontinued operations | $ | 17.4 | $ | 95.2 | $ | 23 | $ | — | $ | 135.6 | ||||||||||
Property and equipment, net | 21.7 | 1,263.10 | 1.1 | — | 1,285.90 | |||||||||||||||
Other non-current assets | 47.4 | 74.5 | 14.4 | — | 136.3 | |||||||||||||||
Investment in subsidiaries | 1,861.40 | — | — | (1,861.4 | ) | — | ||||||||||||||
Equity method investment | — | — | 91.4 | — | 91.4 | |||||||||||||||
Assets of discontinued operations held for sale | — | 459.4 | 1.1 | (0.7 | ) | 459.8 | ||||||||||||||
Inter-company | 1.2 | — | — | (1.2 | ) | — | ||||||||||||||
Total assets | $ | 1,949.10 | $ | 1,892.20 | $ | 131 | $ | (1,863.3 | ) | $ | 2,109.00 | |||||||||
Current liabilities, excluding discontinued operations | $ | 50.9 | $ | 126.6 | $ | 0.6 | $ | — | $ | 178.1 | ||||||||||
Notes payable, long term | 1,437.30 | — | — | — | 1,437.30 | |||||||||||||||
Other non-current liabilities | 13.8 | 11 | 0.3 | — | 25.1 | |||||||||||||||
Liabilities of discontinued operations held for sale | — | 21.4 | — | — | 21.4 | |||||||||||||||
Inter-company | — | — | 1.2 | (1.2 | ) | — | ||||||||||||||
Total liabilities | 1,502.00 | 159 | 2.1 | (1.2 | ) | 1,661.90 | ||||||||||||||
Additional paid-in capital | 1,053.90 | 1,328.10 | 303.4 | (1,631.5 | ) | $ | 1,053.90 | |||||||||||||
Retained deficit | (542.2 | ) | 404.5 | (174.5 | ) | (230.1 | ) | (542.3 | ) | |||||||||||
Common stock, treasury stock and other | (64.6 | ) | 0.6 | — | (0.5 | ) | (64.5 | ) | ||||||||||||
Total equity | $ | 447.1 | $ | 1,733.20 | $ | 128.9 | $ | (1,862.1 | ) | $ | 447.1 | |||||||||
$ | 1,949.10 | $ | 1,892.20 | $ | 131 | $ | (1,863.3 | ) | $ | 2,109.00 | ||||||||||
100% Owned | Consolidating | Pinnacle | ||||||||||||||||||
Pinnacle | 100% Owned | Non- | and | Entertainment, | ||||||||||||||||
Entertainment, | Guarantor | Guarantor | Eliminating | Inc. | ||||||||||||||||
Inc. | Subsidiaries(a) | Subsidiaries(b) | Entries | Consolidated | ||||||||||||||||
(in millions) | ||||||||||||||||||||
Statements of Cash Flows | ||||||||||||||||||||
For the year ended December 31, 2013 | ||||||||||||||||||||
Cash provided by (used in) operating activities | $ | (1,754.5 | ) | $ | 1,895.50 | $ | 20.1 | $ | — | $ | 161.1 | |||||||||
Capital expenditures | (5.8 | ) | (286.8 | ) | — | — | (292.6 | ) | ||||||||||||
Purchases of held-to-maturity debt securities | 4.4 | — | (5.9 | ) | — | (1.5 | ) | |||||||||||||
Payments for business combinations, net | — | (1,749.7 | ) | — | — | (1,749.7 | ) | |||||||||||||
Net proceeds from sales of discontinued operations | — | 205.7 | — | — | 205.7 | |||||||||||||||
Loans receivable, net | — | — | (6.9 | ) | — | (6.9 | ) | |||||||||||||
Other | 0.5 | 4.1 | (2.4 | ) | — | 2.2 | ||||||||||||||
Cash used in investing activities | (0.9 | ) | (1,826.7 | ) | (15.2 | ) | — | (1,842.8 | ) | |||||||||||
Proceeds from Credit Facility | 2,168.80 | — | — | — | 2,168.80 | |||||||||||||||
Proceeds from issuance of long-term debt | 850 | — | — | — | 850 | |||||||||||||||
Repayment of long-term debt | (1,205.4 | ) | — | — | — | (1,205.4 | ) | |||||||||||||
Other | (34.9 | ) | — | — | — | (34.9 | ) | |||||||||||||
Cash provided by financing activities | 1,778.50 | — | — | — | 1,778.50 | |||||||||||||||
Increase (decrease) in cash and cash equivalents | 23.1 | 68.8 | 4.9 | — | 96.8 | |||||||||||||||
Cash and cash equivalents, beginning of period | 5.5 | 73.5 | 22.8 | — | 101.8 | |||||||||||||||
Cash and cash equivalents, end of period | $ | 28.6 | $ | 142.3 | $ | 27.7 | $ | — | $ | 198.6 | ||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||
Cash provided by (used in) operating activities | $ | (140.0 | ) | $ | 277.7 | $ | 49.2 | $ | — | $ | 186.9 | |||||||||
Capital expenditures | (4.1 | ) | (294.8 | ) | (0.5 | ) | — | (299.4 | ) | |||||||||||
Purchases of held-to-maturity debt securities, net | (4.5 | ) | — | (15.6 | ) | — | (20.1 | ) | ||||||||||||
Refund for escrow deposit | — | 25 | — | — | 25 | |||||||||||||||
Net proceeds from sale of discontinued operations | — | 10.8 | — | — | 10.8 | |||||||||||||||
Equity method investment | — | (0.3 | ) | (24.1 | ) | — | (24.4 | ) | ||||||||||||
Loans receivable, net | — | — | (6.0 | ) | — | (6.0 | ) | |||||||||||||
Other | 0.1 | 7.1 | 4.8 | — | 12 | |||||||||||||||
Cash used in investing activities | (8.5 | ) | (252.2 | ) | (41.4 | ) | — | (302.1 | ) | |||||||||||
Net repayments under Credit Facility | (56.0 | ) | — | — | — | (56.0 | ) | |||||||||||||
Proceeds from issuance of long-term debt | 646.8 | — | — | — | 646.8 | |||||||||||||||
Repayments of long-term debt | (392.2 | ) | — | — | — | (392.2 | ) | |||||||||||||
Debt issuance and other financing costs | (12.4 | ) | — | — | — | (12.4 | ) | |||||||||||||
Purchase of treasury stocks | (51.0 | ) | — | — | — | (51.0 | ) | |||||||||||||
Other | 1.5 | — | — | — | 1.5 | |||||||||||||||
Cash provided by financing activities | 136.7 | — | — | — | 136.7 | |||||||||||||||
Increase (decrease) in cash and cash equivalents | (11.8 | ) | 25.5 | 7.8 | — | 21.5 | ||||||||||||||
Cash and cash equivalents, beginning of period | 17.3 | 48 | 15 | — | 80.3 | |||||||||||||||
Cash and cash equivalents, end of period | $ | 5.5 | $ | 73.5 | $ | 22.8 | $ | — | $ | 101.8 | ||||||||||
100% Owned | Consolidating | Pinnacle | ||||||||||||||||||
Pinnacle | 100% Owned | Non- | and | Entertainment, | ||||||||||||||||
Entertainment, | Guarantor | Guarantor | Eliminating | Inc. | ||||||||||||||||
Inc. | Subsidiaries(a) | Subsidiaries(b) | Entries | Consolidated | ||||||||||||||||
(in millions) | ||||||||||||||||||||
For the year ended December 31, 2011 | ||||||||||||||||||||
Cash provided by (used in) operating activities | $ | (95.0 | ) | $ | 190.4 | $ | (0.1 | ) | $ | 36.5 | $ | 131.8 | ||||||||
Capital expenditures | (11.1 | ) | (142.2 | ) | (0.2 | ) | — | (153.5 | ) | |||||||||||
Equity method investments, inclusive of capitalized interest | — | — | (98.3 | ) | — | (98.3 | ) | |||||||||||||
Payment of business combinations | — | (45.2 | ) | — | — | (45.2 | ) | |||||||||||||
Other | — | 3.4 | 0.3 | — | 3.7 | |||||||||||||||
Cash used in investing activities | (11.1 | ) | (184.0 | ) | (98.2 | ) | — | (293.3 | ) | |||||||||||
Repayment under credit facility | 56 | — | — | — | 56 | |||||||||||||||
Repayment of long-term debt | (10.0 | ) | — | — | — | (10.0 | ) | |||||||||||||
Debt issuance costs | (3.1 | ) | — | — | — | (3.1 | ) | |||||||||||||
Other | 3.5 | — | 36.5 | (36.5 | ) | 3.5 | ||||||||||||||
Cash provided by (used in) financing activities | 46.4 | — | 36.5 | (36.5 | ) | 46.4 | ||||||||||||||
Effect of exchange rate changes on cash | — | — | — | — | — | |||||||||||||||
Increase (decrease) in cash and cash equivalents | (59.7 | ) | 6.4 | (61.8 | ) | — | (115.1 | ) | ||||||||||||
Cash and cash equivalents, beginning of period | 77 | 41.6 | 76.8 | — | 195.4 | |||||||||||||||
Cash and cash equivalents, end of period | $ | 17.3 | $ | 48 | $ | 15 | $ | — | $ | 80.3 | ||||||||||
(a) | The following material subsidiaries are identified as guarantors of our senior and senior subordinated notes: Belterra Resort Indiana, LLC; | |||||||||||||||||||
Boomtown, LLC; Casino Magic, LLC; Casino One Corporation; Louisiana-I Gaming; PNK (Baton Rouge) Partnership; PNK (BOSSIER CITY), Inc.; PNK Development 7, LLC; PNK Development 8, LLC; PNK Development 9, LLC; PNK (ES), LLC; PNK (LAKE CHARLES), L.L.C.; PNK (Ohio), LLC; PNK (Ohio) II, LLC; PNK (Ohio) III, LLC; PNK (RENO), LLC; PNK (River City), LLC; PNK (SAM), LLC; PNK (SAZ), LLC; PNK (STLH), LLC; PNK (ST. LOUIS RE), LLC; Ameristar Casino Black Hawk, Inc.; Ameristar Casino Council Bluffs, Inc.; Ameristar Casino St. Charles, Inc.; Ameristar Casino Kansas City, Inc.; Ameristar Casino Vicksburg, Inc.; Cactus Pete’s, Inc.; Ameristar East Chicago Holdings, LLC; Ameristar Casino East Chicago, LLC; Ameristar Casino Springfield, LLC; and Ameristar Lake Charles Holdings, LLC. In addition, certain other immaterial subsidiaries are also guarantors of our senior and senior subordinated notes. | ||||||||||||||||||||
(b) | Guarantor subsidiaries of our senior and senior subordinated notes exclude subsidiaries with approximately $65.0 million in cash and other assets as of December 31, 2013 that include a subsidiary that owns a majority interest in the licensee of Retama Park Racetrack and certain other subsidiaries. |
Segment_Information_Tables
Segment Information (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||
Schedule of Segment Reporting Information | ' | |||||||||||
The following table highlights our Revenues and Adjusted EBITDA for each segment and reconciles Consolidated Adjusted EBITDA to Income (loss) from continuing operations for the years ended December 31, 2013, 2012 and 2011. Prior year amounts have been updated for discontinued operations. | ||||||||||||
For the year ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(in millions) | ||||||||||||
Revenues: | ||||||||||||
Midwest segment (a) | $ | 650.9 | $ | 367.3 | $ | 346.7 | ||||||
South segment (b) | 748.1 | 634.9 | 594 | |||||||||
West segment (c) | 82.9 | — | — | |||||||||
1,481.90 | 1,002.20 | 940.7 | ||||||||||
Corporate and other | 6 | 0.6 | 0.1 | |||||||||
Total revenues | $ | 1,487.90 | $ | 1,002.80 | $ | 940.8 | ||||||
Adjusted EBITDA: (d) | ||||||||||||
Midwest segment (a) | $ | 183.7 | $ | 94.3 | $ | 76.7 | ||||||
South segment (b) | 213.5 | 176.6 | 167.7 | |||||||||
West segment (c) | 27.7 | — | — | |||||||||
424.9 | 270.9 | 244.4 | ||||||||||
Corporate expenses and other (e) | (54.3 | ) | (20.6 | ) | (28.4 | ) | ||||||
Consolidated Adjusted EBITDA (d) | $ | 370.6 | $ | 250.3 | $ | 216 | ||||||
Other benefits (costs): | ||||||||||||
Depreciation and amortization | (148.5 | ) | (82.7 | ) | (70.2 | ) | ||||||
Pre-opening and development costs | (89.0 | ) | (21.5 | ) | (8.8 | ) | ||||||
Non-cash share-based compensation | (11.5 | ) | (8.5 | ) | (6.5 | ) | ||||||
Write-downs, reserves and recoveries, net | (17.3 | ) | (0.8 | ) | (3.2 | ) | ||||||
Interest expense, net | (169.8 | ) | (93.7 | ) | (95.3 | ) | ||||||
Loss from equity method investment | (92.2 | ) | (30.8 | ) | (0.6 | ) | ||||||
Loss on early extinguishment of debt | (30.8 | ) | (20.7 | ) | (0.2 | ) | ||||||
Income tax benefit (expense) | 55.1 | (4.8 | ) | (2.3 | ) | |||||||
Income (loss) from continuing operations | $ | (133.4 | ) | $ | (13.2 | ) | $ | 28.9 | ||||
Capital expenditures | ||||||||||||
Midwest segment | $ | 139.4 | $ | 37.1 | $ | 7.8 | ||||||
South segment | 77.8 | 249 | 124.6 | |||||||||
West segment | 1.7 | — | — | |||||||||
Corporate and other, including development projects and discontinued operations | 73.7 | 13.4 | 21.1 | |||||||||
$ | 292.6 | $ | 299.5 | $ | 153.5 | |||||||
December 31, | ||||||||||||
2013 | 2012 | |||||||||||
(in millions) | ||||||||||||
Assets: | ||||||||||||
Midwest segment | $ | 2,310.70 | $ | 542.8 | ||||||||
South segment | 1,363.60 | 882.2 | ||||||||||
West segment | 436 | — | ||||||||||
Corporate and other, including development projects and discontinued operations | 1,049.10 | 684 | ||||||||||
$ | 5,159.40 | $ | 2,109.00 | |||||||||
(a) Our Midwest segment consists of Ameristar Council Bluffs located in Iowa, Ameristar East Chicago located in Indiana, Ameristar Kansas City located in Missouri, Ameristar St. Charles located in Missouri, Belterra located in Indiana, Belterra Park (formerly River Downs) located in Ohio and River City located in Missouri. | ||||||||||||
(b) Our South segment consists of Ameristar Vicksburg located in Mississippi, Boomtown Bossier City located in Louisiana, Boomtown New Orleans located in Louisiana, L'Auberge Baton Rouge located in Louisiana and L'Auberge Lake Charles located in Louisiana. | ||||||||||||
(c) Our West segment consists of Ameristar Black Hawk located in Colorado, Cactus Petes and the Horseshu both located in Nevada. | ||||||||||||
(d) We define Consolidated Adjusted EBITDA as earnings before interest income and expense, income taxes, depreciation, amortization, pre-opening and development expenses, non-cash share-based compensation, asset impairment costs, write-downs, reserves, recoveries, corporate-level litigation settlement costs, gain (loss) on sale of certain assets, loss on early extinguishment of debt, gain (loss) on sale of equity security investments, income (loss) from equity method investments, non-controlling interest and discontinued operations. We define Adjusted EBITDA for each operating segment as earnings before interest income and expense, income taxes, depreciation, amortization, pre-opening and development expenses, non-cash share-based compensation, asset impairment costs, write-downs, reserves, recoveries, inter-company management fees, gain (loss) on sale of certain assets, gain (loss) on early extinguishment of debt, gain (loss) on sale of discontinued operations, and discontinued operations. We define Adjusted EBITDA margin as Adjusted EBITDA for the segment divided by segment revenues. We use Consolidated Adjusted EBITDA and Adjusted EBITDA for each segment to compare operating results among our properties and between accounting periods. Consolidated Adjusted EBITDA and Adjusted EBITDA have economic substance because they are used by management as measures to analyze the performance of our business and are especially relevant in evaluating large, long-lived casino-hotel projects because they provide a perspective on the current effects of operating decisions separated from the substantial non-operational depreciation charges and financing costs of such projects. We eliminate the results from discontinued operations at the time they are deemed discontinued. We also review pre-opening and development expenses separately, as such expenses are also included in total project costs when assessing budgets and project returns, and because such costs relate to anticipated future revenues and income. We believe that Consolidated Adjusted EBITDA and Adjusted EBITDA are useful measures for investors because they are indicators of the performance of ongoing business operations. These calculations are commonly used as a basis for investors, analysts and credit rating agencies to evaluate and compare operating performance and value of companies within our industry. In addition, our credit agreement and bond indentures require compliance with financial measures similar to Consolidated Adjusted EBITDA. Consolidated Adjusted EBITDA should not be considered as an alternative to operating income as an indicator of performance, or as an alternative to any other measure provided in accordance with GAAP. Our calculations of Adjusted EBITDA and Consolidated Adjusted EBITDA may be different from the calculation methods used by other companies and, therefore, comparability may be limited. | ||||||||||||
(e) Corporate expenses represent payroll, professional fees, travel expenses and other general and administrative expenses not directly related to our casino and hotel operations. Beginning in the 2013 third quarter, we changed the methodology used to allocate corporate expenses to our reportable segments. Historically, we allocated direct and some indirect expenses incurred at the corporate headquarters to each property. Expenses incurred at the corporate headquarters that were related to property operations, but not directly attributable to a specific property, were allocated, typically on a pro rata basis, to each property. Only the remaining corporate expenses that were not related to an operating property were retained in the Corporate expense category. Under our new methodology, only corporate expenses that are directly attributable to a property were allocated to each applicable property. All other costs incurred relating to management and consulting services provided by corporate headquarters to the properties are now allocated to those properties based on their respective share of the monthly consolidated net revenues in the form of a management fee. The corporate management fee is excluded in the calculation of segment Adjusted EBITDA and is completely eliminated in any consolidated financial results. The change in methodology increases Adjusted EBITDA for the reportable segments with a corresponding increase in corporate expense, resulting in no impact to Consolidated Adjusted EBITDA. |
Quarterly_Financial_Informatio1
Quarterly Financial Information (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | |||||||||||||||
Schedule of Quarterly Financial Information | ' | |||||||||||||||
The following is a summary of unaudited quarterly financial data for the years ended December 31, 2013 and 2012: | ||||||||||||||||
2013 | ||||||||||||||||
Dec. 31, | Sept. 30, | Jun. 30, | Mar. 31, | |||||||||||||
(in millions, except per share data) | ||||||||||||||||
Revenues | $ | 535 | $ | 418.9 | $ | 267.3 | $ | 266.6 | ||||||||
Operating income (loss) | 69.8 | (15.2 | ) | 17.9 | 31.9 | |||||||||||
Income (loss) from continuing operations | 8.6 | (47.1 | ) | (7.1 | ) | (87.8 | ) | |||||||||
Income (loss) from discontinued operations, net of taxes | 6.4 | (133.3 | ) | 2 | 2.4 | |||||||||||
Net income (loss) | 15 | (180.4 | ) | (5.1 | ) | (85.4 | ) | |||||||||
Net loss attributable to non-controlling interest | — | — | — | — | ||||||||||||
Net income (loss) attributable to Pinnacle Entertainment, Inc. | $ | 15 | $ | (180.4 | ) | $ | (5.1 | ) | $ | (85.4 | ) | |||||
Per Share Data—Basic (a) | ||||||||||||||||
Income (loss) from continuing operations | $ | 0.15 | $ | (0.80 | ) | $ | (0.12 | ) | $ | (1.50 | ) | |||||
Income (loss) from discontinued operations, net of taxes | 0.11 | (2.27 | ) | 0.03 | 0.04 | |||||||||||
Net income (loss)—basic | $ | 0.26 | $ | (3.07 | ) | $ | (0.09 | ) | $ | (1.46 | ) | |||||
Per Share Data—Diluted (a) | ||||||||||||||||
Income (loss) from continuing operations | $ | 0.14 | $ | (0.80 | ) | $ | (0.12 | ) | $ | (1.50 | ) | |||||
Income (loss) from discontinued operations, net of taxes | 0.11 | (2.27 | ) | 0.03 | 0.04 | |||||||||||
Net income (loss)—diluted | $ | 0.25 | $ | (3.07 | ) | $ | (0.09 | ) | $ | (1.46 | ) | |||||
2012 | ||||||||||||||||
Dec. 31, | Sept. 30, | Jun. 30, | Mar. 31, | |||||||||||||
(in millions, except per share data) | ||||||||||||||||
Revenues | $ | 254.8 | $ | 256.2 | $ | 248.5 | $ | 243.4 | ||||||||
Operating income | 22.9 | 32.7 | 38.8 | 42.3 | ||||||||||||
Income (loss) from continuing operations | (31.1 | ) | 6.7 | 13.2 | (2.0 | ) | ||||||||||
Income (loss) from discontinued operations, net of taxes | (11.3 | ) | (7.1 | ) | (1.2 | ) | 1 | |||||||||
Net income (loss) | (42.4 | ) | (0.4 | ) | 12 | (1.0 | ) | |||||||||
Net loss attributable to non-controlling interest | — | — | — | — | ||||||||||||
Net income (loss) attributable to Pinnacle Entertainment, Inc. | $ | (42.4 | ) | $ | (0.4 | ) | $ | 12 | $ | (1.0 | ) | |||||
Per Share Data—Basic (a) | ||||||||||||||||
Income (loss) from continuing operations | $ | (0.53 | ) | $ | 0.11 | $ | 0.21 | $ | (0.03 | ) | ||||||
Income (loss) from discontinued operations, net of taxes | (0.19 | ) | (0.11 | ) | (0.02 | ) | 0.01 | |||||||||
Net income (loss)—basic | $ | (0.72 | ) | $ | — | $ | 0.19 | $ | (0.02 | ) | ||||||
Per Share Data—Diluted (a) | ||||||||||||||||
Income (loss) from continuing operations | $ | (0.53 | ) | $ | 0.11 | $ | 0.21 | $ | (0.03 | ) | ||||||
Income (loss) from discontinued operations, net of taxes | (0.19 | ) | (0.11 | ) | (0.02 | ) | 0.01 | |||||||||
Net income (loss)—diluted | $ | (0.72 | ) | $ | — | $ | 0.19 | $ | (0.02 | ) | ||||||
(a) | Net income (loss) per share calculations for each quarter is based on the weighted average number of shares outstanding during the respective periods; accordingly, the sum of the quarters may not equal the full-year income (loss) per share. |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) (USD $) | 1 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||
Share data in Millions, except Per Share data, unless otherwise specified | Jul. 31, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Jan. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Aug. 12, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
Retama Partners | Belterra Park [Member] | Heartland Poker Tour | Allowance for Doubtful Accounts | Allowance for Doubtful Accounts | Allowance for Doubtful Accounts | Ameristar | Ameristar | Ameristar Lake Charles [Domain] | Boomtown Bossier City [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | ' | ' | 1.7 | 0.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment of indefinite-lived intangible | ' | ' | $10,000,000 | $0 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $10,000,000 |
Goodwill, Acquired During Period | ' | ' | 864,100,000 | ' | ' | 3,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Indefinite-lived Intangible Assets Acquired | ' | ' | 529,200,000 | ' | ' | 5,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
intangible assets-gaming license | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 29,800,000 | ' |
Business Acquisition, Purchase Pruce Allocation, Goodwill | ' | ' | ' | ' | ' | ' | 35,800,000 | 2,600,000 | ' | ' | ' | ' | ' | ' | ' |
Basis of Presentation and Organization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of Acquired Entity, Per Share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $26.50 | ' | ' | ' |
Cost of Acquired Entity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,800,000,000 | 962,428,000 | ' | ' |
Balance Sheet Related Disclosures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | 191,938,000 | 94,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for doubtful accounts | ' | ' | 5,178,000 | 7,308,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Bad debt expense | ' | ' | ' | ' | ' | ' | ' | ' | 2,190,000 | 3,766,000 | 2,932,000 | ' | ' | ' | ' |
Restricted cash | ' | ' | 11,592,000 | 5,667,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition, Contratual rights | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued Liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Self insurance accruals | ' | ' | 26,200,000 | 13,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Customer Loyalty Program Liability | ' | ' | 18,900,000 | 10,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Repurchase Program, Authorized Amount | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Treasury Stock, Shares, Acquired | ' | ' | ' | 4.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments for Repurchase of Common Stock | ' | 51,000,000 | 0 | 51,000,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Divestiture of Businesses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 180,000,000 | ' |
Proceeds from divestiture of business, deferred consideration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $35,000,000 | ' |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies - Fair Value (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Held-to-maturity Securities | $14,800,000 | $14,400,000 |
Promissory Notes | 9,500,000 | 4,000,000 |
Long-term Debt | 4,380,100,000 | 1,440,500,000 |
Fair Value Measurements, Nonrecurring | Estimate of Fair Value, Fair Value Disclosure | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Held-to-maturity Securities, Fair Value Disclosure | 30,100,000 | 14,400,000 |
Promissory Notes, Fair Value Disclosure | 16,500,000 | 4,000,000 |
Long-term Debt, Fair Value Disclosure | 4,511,900,000 | 1,532,100,000 |
Fair Value Measurements, Nonrecurring | Fair Value, Inputs, Level 1 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Held-to-maturity Securities, Fair Value Disclosure | 0 | 0 |
Promissory Notes, Fair Value Disclosure | 0 | 0 |
Long-term Debt, Fair Value Disclosure | 0 | 0 |
Fair Value Measurements, Nonrecurring | Fair Value, Inputs, Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Held-to-maturity Securities, Fair Value Disclosure | 26,700,000 | 9,900,000 |
Promissory Notes, Fair Value Disclosure | 16,500,000 | 4,000,000 |
Long-term Debt, Fair Value Disclosure | 4,511,900,000 | 1,532,100,000 |
Fair Value Measurements, Nonrecurring | Fair Value, Inputs, Level 3 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Held-to-maturity Securities, Fair Value Disclosure | 3,400,000 | 4,500,000 |
Promissory Notes, Fair Value Disclosure | 0 | 0 |
Long-term Debt, Fair Value Disclosure | 0 | 0 |
Fair Value Measurements, Recurring | Estimate of Fair Value, Fair Value Disclosure | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Deferred Compensation, Fair Value Disclosure | 800,000 | 1,000,000 |
Fair Value Measurements, Recurring | Fair Value, Inputs, Level 1 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Deferred Compensation, Fair Value Disclosure | 800,000 | 1,000,000 |
Fair Value Measurements, Recurring | Fair Value, Inputs, Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Deferred Compensation, Fair Value Disclosure | 0 | 0 |
Fair Value Measurements, Recurring | Fair Value, Inputs, Level 3 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Deferred Compensation, Fair Value Disclosure | $0 | $0 |
Summary_of_Significant_Account5
Summary of Significant Accounting Policies - Land, Buildings, Vessels and Equipment (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Land, Buildings, Vessels and Equipment | ' | ' | ' |
Land not used in operations | $39,200,000 | $27,200,000 | ' |
Depreciation and amortization | 148,456,000 | 82,689,000 | 70,205,000 |
Depreciation expense | 139,100,000 | 82,500,000 | 70,100,000 |
Minimum | Land Improvements | ' | ' | ' |
Land, Buildings, Vessels and Equipment | ' | ' | ' |
Estimated Useful Life | '5 years | ' | ' |
Minimum | Buildings and Improvements | ' | ' | ' |
Land, Buildings, Vessels and Equipment | ' | ' | ' |
Estimated Useful Life | '15 years | ' | ' |
Minimum | Vessels | ' | ' | ' |
Land, Buildings, Vessels and Equipment | ' | ' | ' |
Estimated Useful Life | '10 years | ' | ' |
Minimum | Furniture, Fxtures and Equipment | ' | ' | ' |
Land, Buildings, Vessels and Equipment | ' | ' | ' |
Estimated Useful Life | '3 years | ' | ' |
Maximum | Land Improvements | ' | ' | ' |
Land, Buildings, Vessels and Equipment | ' | ' | ' |
Estimated Useful Life | '20 years | ' | ' |
Maximum | Buildings and Improvements | ' | ' | ' |
Land, Buildings, Vessels and Equipment | ' | ' | ' |
Estimated Useful Life | '35 years | ' | ' |
Maximum | Vessels | ' | ' | ' |
Land, Buildings, Vessels and Equipment | ' | ' | ' |
Estimated Useful Life | '25 years | ' | ' |
Maximum | Furniture, Fxtures and Equipment | ' | ' | ' |
Land, Buildings, Vessels and Equipment | ' | ' | ' |
Estimated Useful Life | '20 years | ' | ' |
Belterra Park [Member] | ' | ' | ' |
Land, Buildings, Vessels and Equipment | ' | ' | ' |
Depreciation expense | ' | $4,700,000 | ' |
Summary_of_Significant_Account6
Summary of Significant Accounting Policies - Debt Issuance Cost and Debt Discounts (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' | ' |
Unamortized debt issuance costs | $54.10 | $34.30 | ' |
Amortization of debt issuance costs and debt discounts | $6.40 | $6.50 | $5.20 |
Summary_of_Significant_Account7
Summary of Significant Accounting Policies - Revenue Recognition, Gaming Taxes and Advertising Costs (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' | ' |
Complimentary Revenues, Food and Beverage | $94.70 | $58.10 | $55.80 |
Complimentary Revenues, Lodging | 49.3 | 28.1 | 27.4 |
Complimentary Revenues, Other | 13.4 | 9.6 | 8.4 |
Complimentary revenues | 157.4 | 95.8 | 91.6 |
Promotional allowance costs | 111.2 | 72.4 | 69.7 |
Gaming taxes | 378.6 | 261.8 | 247.7 |
Advertising costs | $20.90 | $22.10 | $17.10 |
Summary_of_Significant_Account8
Summary of Significant Accounting Policies - Pre-opening and Development Costs (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Pre-opening and Development Costs | ' | ' | ' |
Pre-opening and development costs | $89,009 | $21,508 | $8,817 |
Ameristar | ' | ' | ' |
Pre-opening and Development Costs | ' | ' | ' |
Pre-opening and development costs | 85,300 | 0 | 0 |
Other | ' | ' | ' |
Pre-opening and Development Costs | ' | ' | ' |
Pre-opening and development costs | $3,700 | $21,500 | $8,800 |
Summary_of_Signitifcant_Accoun
Summary of Signitifcant Accounting Policies - Earnings per Share (Details) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Antidilutive Securities Excluded from Computation of Earnings Per Share | ' | ' | ' |
Options and securities not included in the computation of diluted earnings per share | 1.7 | 0.5 | ' |
Stock Options | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share | ' | ' | ' |
Options and securities not included in the computation of diluted earnings per share | 1 | 4.4 | 4.1 |
Land_Buildings_Vessels_and_Equ2
Land, Buildings, Vessels and Equipment (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Additional Disclosures | ' | ' | ' |
Land and land improvements | $395,100,000 | $241,200,000 | ' |
Buildings, vessels and improvements | 2,492,200,000 | 1,113,300,000 | ' |
Furniture, fixtures and equipment | 633,100,000 | 428,300,000 | ' |
Construction in Progress, Gross | 175,600,000 | 46,400,000 | ' |
Property, Plant and Equipment, Gross | 3,696,000,000 | 1,829,200,000 | ' |
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | -656,100,000 | -543,300,000 | ' |
Asset Impairment Charges | 1,534,000 | 6,950,000 | 17,853,000 |
L'Auberge Lake Charles [Member] | ' | ' | ' |
Additional Disclosures | ' | ' | ' |
Asset Impairment Charges | $1,500,000 | ' | ' |
LongTerm_Debt_Details
Long-Term Debt (Details) (USD $) | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 31, 2009 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
Term loans [Domain] | Line of Credit | Term Loan | Term B1 due 2016 [Domain] | Term B2 due 2020 [Domain] | Senior Notes due 2021 [Domain] | Senior Notes Due April 2021 [Member] | 7.75% Senior Subordinated Notes Due 2022 | 7.75% Senior Subordinated Notes Due 2022 | 8.75% Senior Subordinated Notes due 2020 | 8.75% Senior Subordinated Notes due 2020 | 8.75% Senior Subordinated Notes due 2020 | Other secured and unsecured notes payable | Senior Notes Due 2017 [Member] | Senior Notes Due 2017 [Member] | On or after August 1 2016 [Member] | On or after August 1 2017 [Member] | On Or After August 1 2018 | On or after August 1 2019 and thereafter [Member] | On or after May 15 2016 [Member] | On Or After April 15 2015 [Member] | On Or After April 15 2016 [Member] | On Or After April 15 2017 [Member] | On Or After April 15 2018 and thereafter [Member] | ||||
Senior Notes Due 2021 [Member] | Senior Notes Due 2021 [Member] | Senior Notes Due 2021 [Member] | Senior Notes Due 2021 [Member] | 8.75% Senior Subordinated Notes due 2020 | Senior Notes Due April 2021 [Member] | Senior Notes Due April 2021 [Member] | Senior Notes Due April 2021 [Member] | Senior Notes Due April 2021 [Member] | |||||||||||||||||||
Long-term Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of Long-term Debt | $1,205,435,000 | $495,000,000 | $53,104,000 | $230,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line Of Credit, Revolving Credit Commitment | 1,000,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Gross | 4,355,200,000 | 1,447,600,000 | ' | ' | 493,600,000 | 322,600,000 | 202,000,000 | 1,094,500,000 | 850,000,000 | 1,040,000,000 | 325,000,000 | 325,000,000 | 350,000,000 | 350,000,000 | ' | 100,000 | 450,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Unamortized Discount (Premium), Net | 24,900,000 | ' | ' | ' | 0 | ' | -7,700,000 | -26,000,000 | 0 | 58,600,000 | 0 | ' | 0 | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long Term Debt, Unamortized Discount, Premium | ' | -7,100,000 | ' | ' | ' | -2,900,000 | ' | ' | ' | ' | ' | 0 | ' | 0 | ' | ' | -4,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt | 4,380,100,000 | 1,440,500,000 | ' | ' | 493,600,000 | 319,700,000 | 194,300,000 | 1,068,500,000 | 850,000,000 | 1,098,500,000 | 325,000,000 | 325,000,000 | 350,000,000 | 350,000,000 | 350,000,000 | 100,000 | 445,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long Term Debt, Current Maturity, Outstanding Principal | -16,000,000 | -3,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long Term Debt, Current Maturities, Unamortized Discount Premium | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current portion of long-term debt | -16,006,000 | -3,250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal Amortization Requirement, Stated Percentage | ' | ' | ' | ' | ' | ' | 0.00% | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt Instrument, Redemption Price, Percent of Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 104.78% | 103.19% | 101.59% | 100.00% | 102.92% | 105.63% | 103.75% | 101.88% | 100.00% |
Debt Instrument, Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,040,000,000 | 325,000,000 | ' | ' | ' | ' | ' | ' | 450,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long Term Debt, Less Current Maturities, Outstanding Principal | 4,339,200,000 | 1,444,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long Term Debt, Less Current Maturities, Unamortized Discount Premium | 24,900,000 | -7,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt less current portion | 4,364,045,000 | 1,437,251,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Expense | 173,500,000 | 114,800,000 | 106,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Income | 400,000 | 800,000 | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capitalized Interest | -3,300,000 | -20,300,000 | -10,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Interest expense, net of capitalized interest | $169,812,000 | $93,670,000 | $95,308,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Longterm_Debt_Credit_Facility_
Long-term Debt - Credit Facility and Term Loan (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Long-term Debt | ' | ' |
Current portion of long-term debt | $16,006 | $3,250 |
LongTerm_Debt_LongTerm_Debt_No
Long-Term Debt Long-Term Debt - Notes (Details) (USD $) | 12 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 31, 2009 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Aug. 31, 2013 | Apr. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2007 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
Term loans [Domain] | Term Loan B1 [Domain] | Term loan B2 [Domain] | 7.75% Senior Subordinated Notes Due 2022 | 7.75% Senior Subordinated Notes Due 2022 | 7.75% Senior Subordinated Notes Due 2022 | 8.75% Senior Subordinated Notes due 2020 | 8.75% Senior Subordinated Notes due 2020 | 8.75% Senior Subordinated Notes due 2020 | 8.75% Senior Subordinated Notes due 2020 | 8.625% Senior Notes Due 2017 | 8.625% Senior Notes Due 2017 | 8.625% Senior Notes Due 2017 | Senior Secured Credit Facility | Senior Notes due 2021 [Domain] | Senior Notes Due 2021 [Member] | Senior Notes Due 2021 [Member] | Senior Notes Due April 2021 [Member] | Senior Notes Due April 2021 [Member] | Senior Notes Due April 2021 [Member] | Letter of Credit [Member] | 7.50% Senior Subordinated Notes due 2015 | 7.50% Senior Subordinated Notes due 2015 | 7.50% Senior Subordinated Notes due 2015 | Credit Spread Option | On or after May 15 2015 | On or after April 1 2017 | On or after May 15 2016 | On or after April 1 2018 | On or after May 15 2017 | On or after April 1 2019 | On or after May 15 2018 and thereafter | On or after April 1 2020 and thereafter | ||||
8.75% Senior Subordinated Notes due 2020 | 7.75% Senior Subordinated Notes Due 2022 | 8.75% Senior Subordinated Notes due 2020 | 7.75% Senior Subordinated Notes Due 2022 | 8.75% Senior Subordinated Notes due 2020 | 7.75% Senior Subordinated Notes Due 2022 | 8.75% Senior Subordinated Notes due 2020 | 7.75% Senior Subordinated Notes Due 2022 | |||||||||||||||||||||||||||||
Long-term Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | ' | ' | ' | $1,600,000,000 | $500,000,000 | $1,100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stated percentage | ' | ' | ' | ' | ' | ' | ' | 7.75% | ' | ' | 8.75% | ' | ' | ' | ' | 8.63% | ' | ' | ' | 6.38% | 7.50% | ' | ' | ' | ' | ' | 7.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Premium Included In Recorded Fair Value Of Senior Notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 72,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Issuance of Senior Long-term Debt | 850,000,000 | 646,750,000 | 0 | ' | ' | ' | 318,000,000 | ' | ' | 341,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | 835,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Consent Fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,600,000 | 9,800,000 | 9,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Covenant Maximum Consolidated Total Leverage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility Covenant Minimum Consolidated Interest Coverage Ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line Of Credit Facility Covenant Maximum Consolidated Senior Secured Debt Ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line Of Credit Facility Covenant Maximum Senior Unsecured Debt Allowed | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line Of Credit Facility Covenant Maximum Consolidated Ratio Allowed For Increase In Unsecured Borrowings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt | 4,380,100,000 | 1,440,500,000 | ' | ' | ' | ' | ' | 325,000,000 | 325,000,000 | ' | 350,000,000 | 350,000,000 | 350,000,000 | ' | 445,800,000 | ' | 493,600,000 | 850,000,000 | ' | ' | 1,098,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Amount Outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Face Amount | ' | ' | ' | ' | ' | ' | ' | 325,000,000 | ' | ' | ' | ' | ' | ' | ' | 450,000,000 | ' | ' | ' | ' | 1,040,000,000 | ' | ' | ' | ' | 385,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of Long-term Debt | 1,205,435,000 | 495,000,000 | 53,104,000 | 230,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 407,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior indebtedness and secured indebtedness limit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basis Spread on Interest Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' |
Note redeemable at a percentage of par | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 103.75% | ' | ' | ' | 104.38% | 103.88% | 102.92% | 102.58% | 101.46% | 101.29% | 100.00% | 100.00% |
Early Repayment of Senior Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss on early extinguishment of debt | ($30,830,000) | ($20,718,000) | ($183,000) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($30,800,000) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($20,700,000) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LongTerm_Debt_Annual_Maturitie
Long-Term Debt - Annual Maturities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Long-term Debt, Unclassified [Abstract] | ' | ' |
2014 | $16 | ' |
2015 | 16 | ' |
2016 | 203 | ' |
2017 | 11 | ' |
2018 | 504.6 | ' |
Thereafter | 3,604.60 | ' |
Total | 4,355.20 | ' |
Less unamortized debt discounts | -33.7 | ' |
Debt Instrument, Unamortized Premium | 58.6 | ' |
Long-term Debt, including current portion | $4,380.10 | $1,440.50 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Operating Loss Carryforwards | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | ' | ' | ' | ' | ' | ' | ' | ' | $58,400,000 | ' | ' |
Operating Loss Carryforwards. Period | ' | ' | ' | ' | ' | ' | ' | ' | '20 years | ' | ' |
Income (Loss) From Continuing Operations Before Income Taxes, Minority Interest and income (loss) from equity method investment | ' | ' | ' | ' | ' | ' | ' | ' | -188,500,000 | -8,400,000 | 31,200,000 |
Income tax (expense) benefit allocated to continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -55,100,000 | 4,800,000 | 2,300,000 |
Income (Loss) From Continuing Operation | ' | ' | ' | ' | ' | ' | ' | ' | -133,400,000 | -13,200,000 | 28,900,000 |
Income (loss) from discontinued operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -123,800,000 | -18,900,000 | -31,600,000 |
Income tax (expense) benefit allocated to discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | 1,200,000 | 300,000 | 200,000 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 15,000,000 | -180,400,000 | -5,100,000 | -85,400,000 | -42,400,000 | -400,000 | 12,000,000 | -1,000,000 | -255,921,000 | -31,805,000 | -2,539,000 |
Federal Income Tax (Expense) Benefit, Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | -53,800,000 | 900,000 | -1,400,000 |
Excess tax benefit from stock option deductions | 14,200,000 | ' | ' | ' | ' | ' | ' | ' | 14,200,000 | ' | ' |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax (expense) benefit allocated to other comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 200,000 |
Alternative minimum tax | 3,100,000 | ' | ' | ' | ' | ' | ' | ' | 3,100,000 | ' | ' |
General business credit | 17,700,000 | ' | ' | ' | ' | ' | ' | ' | 17,700,000 | ' | ' |
Foreign tax credit | 10,400,000 | ' | ' | ' | ' | ' | ' | ' | 10,400,000 | ' | ' |
Domestic Tax Authority | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Loss Carryforwards | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating loss carryforwards | 553,000,000 | ' | ' | ' | ' | ' | ' | ' | 553,000,000 | ' | ' |
State and Local Jurisdiction | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Loss Carryforwards | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating loss carryforwards | $862,000,000 | ' | ' | ' | ' | ' | ' | ' | $862,000,000 | ' | ' |
Income_Taxes_Components_of_Inc
Income Taxes - Components of Income Tax (Expense) Benefit (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Current Federal Tax (Expense) Benefit | $0 | $0 | $0 |
Current State and Local Tax (Expense) Benefit | -3,300,000 | -4,000,000 | -3,400,000 |
Current Income Tax (Expense) Benefit | -3,300,000 | -4,000,000 | -3,400,000 |
Deferred Federal Income Tax (Expense) Benefit | 53,800,000 | -900,000 | 1,400,000 |
Deferred State and Local Income Tax (Expense) Benefit | 4,600,000 | 100,000 | -300,000 |
Deferred Income Tax (Expense) Benefit | 58,400,000 | -800,000 | 1,100,000 |
Federal Income Tax (Expense) Benefit, Continuing Operations | 53,800,000 | -900,000 | 1,400,000 |
State and Local Income Tax (Expense) Benefit, Continuing Operations | 1,300,000 | -3,900,000 | -3,700,000 |
Income tax (expense) benefit from continuing operations | ($55,055,000) | $4,764,000 | $2,284,000 |
Income_Taxes_Reconciliation_of
Income Taxes - Reconciliation of Effective Income Tax Rate (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Expense | ' | ' | ' |
Federal income tax (expense) benefit at the statutory rate, percent | 35.00% | 35.00% | -35.00% |
Federal income tax (expense) benefit at the statutory rate | $66 | $3 | ($10.90) |
State income taxes, net of federal tax benefits, percent | 3.40% | -52.50% | -15.00% |
State income taxes, net of federal tax benefits | 6.5 | -4.4 | -4.7 |
Non-deductible expenses and other, percent | -0.90% | -8.10% | -2.20% |
Non-deductible expenses and other | -1.8 | -0.7 | -0.7 |
Cancellation of stock options, percent | 0.00% | -24.50% | -3.90% |
Cancellation of stock options | 0 | -2.1 | -1.2 |
Non-deductible donation of land, percent | 0.00% | 0.00% | -3.70% |
Non-deductible donation of land | 0 | 0 | -1.1 |
Dividend income from foreign subsidiary, percent | -5.40% | 0.00% | 0.00% |
Dividend income from foreign subsidiary | -10.2 | 0 | 0 |
Reserves for unrecognized tax benefits, percent | -0.10% | -1.40% | 1.70% |
Reserves for unrecognized tax benefits | -0.2 | -0.1 | 0.5 |
Credits, percent | 0.80% | 6.20% | 3.00% |
Credits | -1.6 | -0.4 | -0.9 |
Change in valuation allowance/reserve of deferred tax assets, percent | -3.60% | -10.90% | 47.80% |
Change in valuation allowance/reserve of deferred tax assets | ($6.80) | ($0.90) | $14.90 |
Income tax (expense) benefit from continuing operations, percent | 29.20% | -56.20% | -7.30% |
Income_Taxes_Deferred_Tax_Asse
Income Taxes - Deferred Tax Assets and Liabilities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Income Tax Disclosure [Abstract] | ' | ' |
Deferred Tax Assets, Gross | $426.30 | $207.30 |
Components of Deferred Tax Assets and Liabilities [Abstract] | ' | ' |
Workers’ compensation insurance reserve | 4.3 | 2.7 |
Allowance for doubtful accounts | 2.8 | 3.1 |
Legal and merger costs | 4.8 | 3.6 |
Other | 29.2 | 7.7 |
Less valuation allowance | -22.5 | -16.4 |
Total deferred tax assets—current | 18.6 | 0.7 |
Prepaid expenses | -7 | -3.9 |
Deferred Tax Liabilities Other Current | -3.9 | 0 |
Total deferred tax liabilities—current | -10.9 | -3.9 |
Net current deferred tax liabilities | 7.7 | -3.2 |
Federal tax credit carry-forwards | 31.2 | 28.9 |
Federal net operating loss carry-forwards | 188.1 | 91.4 |
State net operating loss carry-forwards | 29.6 | 9.8 |
Capital loss carry-forward | 5.9 | 6.3 |
Deferred compensation | 2.6 | 2.6 |
Pre-opening expenses capitalized for tax purposes | 10.8 | 11.6 |
ACDL Investment Write-down | 38.5 | 9.1 |
Share-based compensation expense—book cost | 8.8 | 11.9 |
Land, building, vessels and equipment, net | 27.7 | 0 |
Other | 42 | 18.6 |
Less valuation allowance | -237.7 | -184.7 |
Total deferred tax assets—non-current | 147.5 | 5.5 |
Deferred Tax Liabilities, Property, Plant and Equipment | -187.2 | -2.9 |
Intangible assets | -126.8 | -6.1 |
Total deferred tax liabilities—non-current | -314 | -9 |
Net non-current deferred tax liabilities | -166.5 | -3.5 |
Less valuation allowances | -260.2 | -201.1 |
Deferred Tax Liabilities, Gross | 324.9 | 12.9 |
Less total deferred tax liabilities | ($158.80) | ($6.70) |
Income_Taxes_Uncertain_Tax_Pos
Income Taxes - Uncertain Tax Positions (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Income Tax Disclosure [Abstract] | ' | ' |
Unrecognized tax benefits that would impact effective tax rate | $13.50 | ' |
Interest related to unrecognized tax benefits | 0.2 | ' |
Cumulative interest accrued | 1.6 | ' |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | ' |
Balance as of January 1 | 9.4 | 7.7 |
Gross increases - tax positions in prior periods | 0 | 1.5 |
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions | 3.5 | 0.2 |
Gross increases - tax positions in current period | -0.9 | 0 |
Unrecognized Tax Benefits, Business Acquisition | 23.8 | 0 |
Statute of limitation expirations | 0.1 | 0 |
Balance as of December 31 | $35.70 | $9.40 |
Lease_Obligations_Details
Lease Obligations (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating Leased Assets | ' | ' | ' |
Rent expense | $13.10 | $11.30 | $9.90 |
Slot and table game participation expenses | 20.7 | 16.4 | 16.4 |
Belterra Casino Resort [Member] | ' | ' | ' |
Operating Leased Assets | ' | ' | ' |
Term of lease agreement | '50 years | ' | ' |
Operating Leases, Initial Lease Term | '5 years | ' | ' |
Number of renewal options | 9 | ' | ' |
Renewal period | '5 years | ' | ' |
Remaining renewal periods | 7 | ' | ' |
Minimum rental expense | 1.4 | ' | ' |
Percentage of gross gaming wins in lease agreement | 1.50% | ' | ' |
Excess amount of minimum annual rental payments | 100 | ' | ' |
Option to purchase property | 30 | ' | ' |
L'Auberge Lake Charles | ' | ' | ' |
Operating Leased Assets | ' | ' | ' |
Rent expense | 1 | ' | ' |
Number of renewal options | 6 | ' | ' |
Area Committed to Lease | 232 | ' | ' |
River City Casino | ' | ' | ' |
Operating Leased Assets | ' | ' | ' |
Term of lease agreement | '99 years | ' | ' |
Future annual minimum rent amount | 4 | ' | ' |
Future annual minimum rent, percentage of annual adjusted gross receipts | 2.50% | ' | ' |
Corporate Office Space | ' | ' | ' |
Operating Leased Assets | ' | ' | ' |
Rent expense | 1.9 | ' | ' |
Term of lease agreement | '10 years | ' | ' |
Abandoned Office Space | ' | ' | ' |
Operating Leased Assets | ' | ' | ' |
Rent expense | $0.60 | ' | ' |
L'Auberge Lake Charles | ' | ' | ' |
Operating Leased Assets | ' | ' | ' |
Term of lease agreement | '10 years | ' | ' |
Renewal period | '10 years | ' | ' |
River City | ' | ' | ' |
Operating Leased Assets | ' | ' | ' |
Area Committed to Lease | 56 | ' | ' |
Belterra Casino Resort [Member] | ' | ' | ' |
Operating Leased Assets | ' | ' | ' |
Area Committed to Lease | 148 | ' | ' |
Total Area in Lease | 315 | ' | ' |
Lease_Obligations_Operating_Le
Lease Obligations - Operating Lease Minimum Payments (Details) (USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
Leases [Abstract] | ' |
2014 | $13 |
2015 | 12 |
2016 | 11.6 |
2017 | 10.5 |
2018 | 10.3 |
Thereafter | 566.7 |
Total minimum payments due | $624.10 |
Employee_Benefit_Plans_Shareba
Employee Benefit Plans - Share-based Compensation (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award | ' | ' | ' |
Effective weight against limit per grant | 1.4 | ' | ' |
Percentage of Bonuses payable in Restricted Stocks | 25.00% | ' | ' |
Share-based awards issued | 6,600,000 | ' | ' |
Share-based awards available for grant | 2,700,000 | ' | ' |
Expected Term | '5 years 1 month 9 days | '5 years 3 months 0 days | '5 years 1 month 20 days |
Expected Dividend Payments | $0 | $0 | $0 |
Defined Contribution, Threshold Age | '50 years | ' | ' |
Phantom Share Units | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award | ' | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Equivalency of Common Stock | 1 | ' | ' |
Non-vested Stock | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition | '2 years | ' | ' |
Equity and Perfomance Incentive Plan 2005 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award | ' | ' | ' |
Maximum amount of issued shares | 9,000,000 | ' | ' |
Restricted Stock | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award | ' | ' | ' |
Share-based awards issued | 600,000 | ' | ' |
Individual Arrangements | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award | ' | ' | ' |
Common stock shares outstanding | ' | 850,000 | ' |
Stock Options | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition | '2 years | ' | ' |
Common stock shares outstanding | 1,251,159 | ' | ' |
Maximum | Employee Plan 401K [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award | ' | ' | ' |
Defined Contribution Plan Vesting Period | '5 | ' | ' |
Employee_Benefit_Plans_Stock_O
Employee Benefit Plans - Stock Options (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 |
In Millions, except Share data, unless otherwise specified | Non-vested Stock | Performance Shares [Member] | Individual Arrangements | Stock Options | Stock Options | Stock Options | Ameristar | |
Individual Arrangements | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award | ' | ' | ' | ' | ' | ' | ' | ' |
Share Based Compensation Arrangement by Share Based Payment Award Cumulative Shares Issued | 6,600,000 | ' | ' | ' | ' | ' | ' | ' |
Options Outstanding | ' | ' | ' | ' | ' | ' | ' | ' |
Options outstanding at January 1, 2013 | ' | ' | ' | ' | 5,519,345 | ' | ' | ' |
Options outstanding, weighted average exercise price, beginning balance | ' | ' | ' | ' | $11.78 | ' | ' | ' |
Options granted, shares | ' | ' | ' | 850,000 | 1,251,159 | ' | ' | 198,000 |
Options granted, weighted average exercise price | ' | ' | ' | ' | $21.64 | ' | ' | ' |
Options exercised, shares | ' | ' | ' | ' | -880,031 | ' | ' | ' |
Options exercised, weighted average exercise price | ' | ' | ' | ' | $11.48 | ' | ' | ' |
Options cancelled or forfeited, shares | ' | ' | ' | ' | -381,227 | ' | ' | ' |
Options cancelled or forfeited, weighted average exercise price | ' | ' | ' | ' | $10.88 | ' | ' | ' |
Options outstanding at December 31, 2013 | ' | ' | ' | ' | 5,509,246 | 5,519,345 | ' | ' |
Options outstanding, weighted average exercise price, ending balance | ' | ' | ' | ' | $14.01 | $11.78 | ' | ' |
Options outstanding, weighted average remaining contractual term (years) | ' | ' | ' | ' | '5 years 3 months 30 days | ' | ' | ' |
Options outstanding, aggregate intrinsic value | ' | ' | ' | ' | $66.40 | ' | ' | ' |
Options Vested and Expected to Vest [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Vested or expected to vest at December 31, 2013, shares | ' | ' | ' | ' | 2,176,609 | ' | ' | ' |
Vested or expected to vest at December 31, 2013, weighted average exercise price | ' | ' | ' | ' | $15.55 | ' | ' | ' |
Vested or expected to vest at December 31, 2013, weighted average remaining contractual term (years) | ' | ' | ' | ' | '5 years 11 months 9 days | ' | ' | ' |
Vested or expected to vest at December 31, 2013, aggregate intrinsic value | ' | ' | ' | ' | 22.7 | ' | ' | ' |
Options - Additional Disclosures [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Options exercisable at December 31, 2013, shares | ' | ' | ' | ' | 2,636,839 | ' | ' | ' |
Options exercisable at December 31, 2013, weighted average exercise price | ' | ' | ' | ' | $12.62 | ' | ' | ' |
Options exercisable at December 31, 2013, weighted average remaining contractual term (years) | ' | ' | ' | ' | '4 years 8 months 10 days | ' | ' | ' |
Options exercisable at December 31, 2013, aggregate intrinsic value | ' | ' | ' | ' | 35.6 | ' | ' | ' |
Weighted-average grant date fair value | ' | ' | ' | ' | $10.63 | $5.06 | $6.65 | ' |
Total intrinsic value of options exercised | ' | ' | ' | ' | 9.2 | 0.5 | 3 | ' |
Net proceeds from exercise of stock options | ' | ' | ' | ' | 10.1 | 1.5 | 3.7 | ' |
Unamortized compensation costs | ' | $11.40 | ' | ' | $18.90 | ' | ' | ' |
Unamortized compensation costs period of recognition (years) | ' | '2 years | ' | ' | '2 years | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | ' | 714,958 | 442,540 | ' | ' | ' | ' | 74,000 |
Employee_Benefit_Plans_Nonvest
Employee Benefit Plans - Non-vested Shares (Details) (USD $) | 12 Months Ended |
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 |
Performance Shares [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward] | ' |
Nonvested shares at January 1, 2013 | 0 |
Nonvested shares at January 1, 2013 (Weighted-avereage grant date fair value) | $0 |
Nonvested shares ganted (Weighted-avereage grant date fair value) | $22.84 |
Nonvested shares cancelled (shares) | 10,682 |
Nonvested shares cancelled (Weighted-avereage grant date fair value) | $25.14 |
Nonvested shares at December 31, 2013 | 431,858 |
Nonvested shares at December 31, 2013 (Weighted-avereage grant date fair value) | $22.79 |
Stock Options | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward] | ' |
Unamortized compensation costs | $18.90 |
Non-vested Stock | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward] | ' |
Nonvested shares at January 1, 2013 | 220,537 |
Nonvested shares at January 1, 2013 (Weighted-avereage grant date fair value) | $11.33 |
Nonvested shares ganted (Weighted-avereage grant date fair value) | $20.55 |
Nonvested shares vested (shares) | -243,769 |
Nonvested shares granted (Weighted-avereage grant date fair value) | $14.60 |
Nonvested shares cancelled (shares) | -62,208 |
Nonvested shares cancelled (Weighted-avereage grant date fair value) | $15.64 |
Nonvested shares at December 31, 2013 | 629,518 |
Nonvested shares at December 31, 2013 (Weighted-avereage grant date fair value) | $20.11 |
Unamortized compensation costs | $11.40 |
Employee_Benefit_Plans_Fair_Va
Employee Benefit Plans - Fair Value Assumptions & Compensation Cost (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award | ' | ' | ' |
Allocated Share-based Compensation Expense | $11,500,000 | $8,500,000 | $6,500,000 |
Options Granted [Abstract] | ' | ' | ' |
Risk-free interest rate | 1.20% | 0.80% | 1.80% |
Expected life at issuance | '5 years 1 month 9 days | '5 years 3 months 0 days | '5 years 1 month 20 days |
Expected volatillity | 57.00% | 58.00% | 56.70% |
Expected dividends | $0 | $0 | $0 |
Employee_Benefit_Plans_401k_Pl
Employee Benefit Plans - 401(k) Plan (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Percent of maximum contribution of pretax income per employee | 100.00% | ' | ' |
Amount of maximum contribution per employee | $17,500 | ' | ' |
Amount of maximum catch-up contribution | 5,500 | ' | ' |
Amount of matching contributions | $2,400,000 | $1,500,000 | $1,500,000 |
Minimum | Employee Plan 401K [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Vesting period | '4 years | ' | ' |
Percentage of discretionary match | 25.00% | ' | ' |
Maximum percentage of eligible contribution | 4.00% | ' | ' |
Maximum | Employee Plan 401K [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Vesting period | '5 | ' | ' |
Percentage of discretionary match | 50.00% | ' | ' |
Maximum percentage of eligible contribution | 5.00% | ' | ' |
Employee_Benefit_Plans_Other_B
Employee Benefit Plans - Other Benefit Plans (Details) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | ||
member | ||||
Executive Plan | ' | ' | ||
Benefit Plans Table Text Block | ' | ' | ||
Total obligation | $6.50 | [1] | $6.50 | [1] |
Cash surrender of insurance policies | 2.8 | [2] | 2.5 | [2] |
Directors’ Medical Plan | ' | ' | ||
Benefit Plans Table Text Block | ' | ' | ||
Period of Plan | '5 years | ' | ||
Number of members over threshold age | 2 | ' | ||
Threshold age | '70 years | ' | ||
Total obligation | $0.30 | $0.40 | ||
[1] | Recorded in "Other Long-Term Liabilities" in the Consolidated Balance Sheets. | |||
[2] | Recorded in "Other Assets, Net" in the Consolidated Balance Sheets. |
Equity_Method_Investments_Deta
Equity Method Investments (Details) (USD $) | 3 Months Ended | 12 Months Ended | 12 Months Ended | 3 Months Ended | 5 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Aug. 12, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 12, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | |||
ACDL | Ameristar | Ameristar | Ameristar | Ameristar | Ameristar | Federated Sports and Gaming | Retama Partners | Retama Partners | Retama Partners | Lumiere Place | Farmworks | Midwest [Member] | Midwest [Member] | Midwest [Member] | South Segment [Domain] | West [Member] | West [Member] | West [Member] | Retama Partners | |||||||||||||||
Ameristar | Ameristar | Ameristar | ||||||||||||||||||||||||||||||||
Schedule of Equity Method Investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Increase to Depreciation and Amortization Expense, Pro Forma | ' | ' | ' | ' | ' | ' | ' | ' | $72,700,000 | $120,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Increase to Interest Expense, Pro Forma | ' | ' | ' | ' | ' | ' | ' | ' | 105,200,000 | 147,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Business Acquisition, Pro Forma Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,209,143,000 | 2,198,057,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Revenue, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 425,767,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Indefinite-Lived Trade Names | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 187,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Land and land improvements | 395,100,000 | ' | ' | ' | 241,200,000 | ' | ' | ' | 395,100,000 | 241,200,000 | ' | ' | ' | ' | ' | ' | ' | 162,770,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Assets, Current | 598,819,000 | ' | ' | ' | 595,407,000 | ' | ' | ' | 598,819,000 | 595,407,000 | ' | ' | ' | ' | ' | ' | ' | 152,165,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Business Acquisition Costs Excluding Assumption Of Long Term Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,800,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Business Acquisition, Goodwill, Expected Tax Deductible Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 176,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Equity Method Investment, Other than Temporary Impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 92,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Loans and Leases Receivable, Related Parties, Additions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Gain (Loss) on Sale of Property Plant Equipment | ' | ' | ' | ' | ' | ' | ' | ' | -2,800,000 | 1,200,000 | -2,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Long-term Purchase Commitment, Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ||
Long Term Purchase Commitment, Invested Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Business Acquisition, Contratual rights | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ||
Long-term Investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Business Acquisition, Percentage of Voting Interests Acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75.50% | ||
Goodwill, Acquired During Period | ' | ' | ' | ' | ' | ' | ' | ' | 864,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,300,000 | ||
Indefinite-lived Intangible Assets Acquired | ' | ' | ' | ' | ' | ' | ' | ' | 529,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,000,000 | ||
Notes, Loans and Financing Receivable, Net, Noncurrent | 9,500,000 | ' | ' | ' | 4,000,000 | ' | ' | ' | 9,500,000 | 4,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Held-to-maturity, Corporate Bonds | 11,400,000 | ' | ' | ' | ' | ' | ' | ' | 11,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Payments to Acquire Businesses, Gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Capital Funding, Future Commitment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Cost of Acquired Entity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,800,000,000 | 2,800,000,000 | ' | 962,428,000 | 4,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Held-to-maturity securities | 0 | ' | ' | ' | 4,428,000 | ' | ' | ' | 0 | 4,428,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Repayments of Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 878,828,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Business Acquisition, Net Assets Acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,841,256,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Property and equipment, net | 3,039,874,000 | ' | ' | ' | 1,285,871,000 | ' | ' | ' | 3,039,874,000 | 1,285,871,000 | ' | ' | ' | ' | ' | ' | ' | 1,783,735,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Goodwill | 919,282,000 | ' | ' | ' | 55,157,000 | ' | ' | ' | 919,282,000 | 55,157,000 | ' | ' | ' | ' | 860,800,000 | 860,800,000 | ' | 860,805,000 | ' | ' | ' | ' | ' | ' | ' | ' | 551,100,000 | 231,500,000 | ' | ' | 78,200,000 | ' | ||
Intangible Assets, Net (Excluding Goodwill) | 500,084,000 | ' | ' | ' | 20,833,000 | ' | ' | ' | 500,084,000 | 20,833,000 | ' | ' | ' | ' | ' | ' | ' | 524,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Other Assets, Noncurrent | 87,800,000 | ' | ' | ' | 54,635,000 | ' | ' | ' | 87,800,000 | 54,635,000 | ' | ' | ' | ' | ' | ' | ' | 39,496,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Assets | 5,159,426,000 | ' | ' | ' | 2,108,994,000 | ' | ' | ' | 5,159,426,000 | 2,108,994,000 | ' | ' | ' | ' | ' | ' | ' | 3,360,401,000 | ' | ' | ' | ' | ' | ' | 2,310,700,000 | 542,800,000 | ' | ' | 436,000,000 | [1] | 0 | [1] | ' | ' |
Liabilities, Current | 372,406,000 | ' | ' | ' | 199,527,000 | ' | ' | ' | 372,406,000 | 199,527,000 | ' | ' | ' | ' | ' | ' | ' | 179,493,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Deferred Tax Liabilities, Net | -158,800,000 | ' | ' | ' | -6,700,000 | ' | ' | ' | -158,800,000 | -6,700,000 | ' | ' | ' | ' | ' | ' | ' | 218,646,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Other Liabilities, Noncurrent | 31,321,000 | ' | ' | ' | 21,606,000 | ' | ' | ' | 31,321,000 | 21,606,000 | ' | ' | ' | ' | ' | ' | ' | 8,109,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Long-term Debt | 4,380,100,000 | ' | ' | ' | 1,440,500,000 | ' | ' | ' | 4,380,100,000 | 1,440,500,000 | ' | ' | ' | ' | ' | ' | ' | 1,112,897,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Liabilities | 4,934,256,000 | ' | ' | ' | 1,661,877,000 | ' | ' | ' | 4,934,256,000 | 1,661,877,000 | ' | ' | ' | ' | ' | ' | ' | 1,519,145,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Buildings, vessels and improvements | 2,492,200,000 | ' | ' | ' | 1,113,300,000 | ' | ' | ' | 2,492,200,000 | 1,113,300,000 | ' | ' | ' | ' | ' | ' | ' | 1,308,151,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Furniture, fixtures and equipment | 633,100,000 | ' | ' | ' | 428,300,000 | ' | ' | ' | 633,100,000 | 428,300,000 | ' | ' | ' | ' | ' | ' | ' | 158,999,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Construction in Progress, Gross | 175,600,000 | ' | ' | ' | 46,400,000 | ' | ' | ' | 175,600,000 | 46,400,000 | ' | ' | ' | ' | ' | ' | ' | 153,815,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Business Acquisition, Total Property and Equipment Acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,783,735,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Business Acquisition, Indefinite-Lived Intangible, Gaming Licenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 258,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Business Acquisition, Definite-Lived Intangible, Player Relationship | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 74,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Business acquisition, definite-lived intangible assets, Favorable leasehold interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Buisness Acquisition, Acquired Definite-Lived Intangible Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 524,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Net income (loss) | 15,000,000 | -180,400,000 | -5,100,000 | -85,400,000 | -42,400,000 | -400,000 | 12,000,000 | -1,000,000 | -255,870,000 | -31,805,000 | -2,539,000 | ' | ' | ' | 34,495,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Business Acquisition, Pro Forma Net Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -59,792,000 | 34,529,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Business Acquisition, Pro Forma Earnings Per Share, Basic | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($1.02) | $0.56 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Business Acquisition, Pro Forma Earnings Per Share, Diluted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($1.02) | $0.56 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Goodwill, Gross | ' | ' | ' | ' | 55,200,000 | ' | ' | ' | ' | 55,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Impairment of Equity Method Investment, Decline In Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Decrease in Goodwill Due to Purchase Price Allocation Adjustment | $2,300,000 | ' | ' | ' | ' | ' | ' | ' | $2,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
[1] | (a) Our Midwest segment consists of Ameristar Council Bluffs located in Iowa, Ameristar East Chicago located in Indiana, Ameristar Kansas City located in Missouri, Ameristar St. Charles located in Missouri, Belterra located in Indiana, Belterra Park (formerly River Downs) located in Ohio and River City located in Missouri. |
Discontinued_Operations_Detail
Discontinued Operations (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Additional Disclosures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Invested Capital Related to the Project | $260,000,000 | ' | ' | ' | ' | ' | ' | ' | $260,000,000 | ' | ' |
Impairment of Long-Lived Assets to be Disposed of | ' | ' | ' | ' | ' | ' | ' | ' | 144,600,000 | ' | ' |
Impairment of indefinite-lived intangible | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | 0 | 0 |
Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 181,300,000 | 213,100,000 | 240,000,000 |
Operating loss | ' | ' | ' | ' | ' | ' | ' | ' | -123,500,000 | -19,000,000 | -31,600,000 |
Other non-operating income, net | ' | ' | ' | ' | ' | ' | ' | ' | -300,000 | 100,000 | 100,000 |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -123,800,000 | -18,900,000 | -31,600,000 |
Income tax benefit (expense) | ' | ' | ' | ' | ' | ' | ' | ' | 1,200,000 | 300,000 | 200,000 |
Income (loss) from discontinued operations | 6,400,000 | -133,300,000 | 2,000,000 | 2,400,000 | -11,300,000 | -7,100,000 | -1,200,000 | 1,000,000 | -122,540,000 | -18,568,000 | -31,442,000 |
Assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property and equipment, net | 272,000,000 | ' | ' | ' | 446,700,000 | ' | ' | ' | 272,000,000 | 446,700,000 | ' |
Other assets, net | 47,200,000 | ' | ' | ' | 13,100,000 | ' | ' | ' | 47,200,000 | 13,100,000 | ' |
Assets of discontinued operations held for sale | 319,189,000 | ' | ' | ' | 459,841,000 | ' | ' | ' | 319,189,000 | 459,841,000 | ' |
Liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Liabilities of discontinued operations held for sale | 26,103,000 | ' | ' | ' | 21,429,000 | ' | ' | ' | 26,103,000 | 21,429,000 | ' |
Net assets | 293,100,000 | ' | ' | ' | 438,400,000 | ' | ' | ' | 293,100,000 | 438,400,000 | ' |
Gaming Licenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional Disclosures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment of indefinite-lived intangible | ' | ' | ' | ' | ' | ' | ' | ' | -31,100,000 | -21,100,000 | ' |
Ameristar Lake Charles [Domain] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional Disclosures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceed From Divestiture of Business, Retained Cash Deposit | ' | ' | ' | ' | ' | ' | ' | ' | 35,000,000 | ' | ' |
Proceed From Divestiture of Business, Additional Cash Consideration, Subsequent Release From Escrow | ' | ' | ' | ' | ' | ' | ' | ' | 25,000,000 | ' | ' |
Proceed From Divestiture of Business, Deferred Consideration | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | ' | ' |
Expected amount of proceeds | ' | ' | ' | ' | ' | ' | ' | ' | 180,000,000 | ' | ' |
Boomtown Reno | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional Disclosures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expected amount of proceeds | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,900,000 | ' |
Potential proceeds from sale of additional interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,100,000 | ' |
Number of acres held from discontinued operation | ' | ' | ' | ' | ' | ' | ' | ' | 810 | ' | ' |
Atlantic City | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional Disclosures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Discontinued Operations, Potential Proceeds from Sale of Land | ' | ' | ' | ' | ' | ' | ' | ' | $29,500,000 | ' | ' |
Goodwill_and_Indefinitelived_I2
Goodwill and Indefinite-lived Intangible Assets - Goodwill (Details) (USD $) | 12 Months Ended | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Jan. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
Belterra Park [Member] | Belterra Park [Member] | Belterra Park [Member] | Boomtown New Orleans | Boomtown New Orleans | Other Business Entities [Member] | Other Business Entities [Member] | Heartland Poker Tour | Gaming Licenses [Member] | Gaming Licenses [Member] | Trade Names [Member] | Trade Names [Member] | Racing license [Member] | Indefinite-lived intangible assets, other [Member] | Indefinite-lived Intangible Assets [Member] | Customer Relationships [Member] | Customer Relationships [Member] | Favorable Leasehold Interests [Domain] | ||||
Goodwill [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill, Acquired During Period | $864,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill Acquired | ' | ' | ' | ' | ' | 35,800,000 | ' | ' | ' | ' | 2,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Original Value | ' | 55,200,000 | ' | 35,800,000 | 35,800,000 | ' | 16,800,000 | 16,800,000 | 5,900,000 | 2,600,000 | 2,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated impairment charges | 0 | 0 | ' | 0 | 0 | ' | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net book value | 919,282,000 | 55,157,000 | ' | 35,800,000 | 35,800,000 | ' | 16,800,000 | 16,800,000 | 5,900,000 | 2,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Indefinite-Lived Intangible Assets (Excluding Goodwill) | 460,800,000 | 40,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 268,600,000 | 39,600,000 | 187,200,000 | 200,000 | 5,000,000 | 1,100,000 | ' | ' | ' | ' |
Impairment of indefinite-lived intangible | 10,000,000 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | -31,100,000 | -21,100,000 | 0 | 0 | 0 | 0 | -31,100,000 | ' | ' | ' |
Intangible Assets, Gross (Excluding Goodwill) | 429,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 237,500,000 | ' | 187,200,000 | ' | 5,000,000 | ' | ' | ' | ' | ' |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '6 years | '10 years | '32 years |
Finite-Lived Intangible Assets, Gross | 79,500,000 | 1,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75,100,000 | 1,100,000 | 4,400,000 |
Finite-Lived Intangible Assets, Accumulated Amortization | -9,100,000 | -100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -9,000,000 | -100,000 | -100,000 |
Impairment of Intangible Assets, Finite-lived | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Finite-Lived Intangible Assets, Net | 70,400,000 | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 66,100,000 | 1,000,000 | 4,300,000 |
Total Goodwill and Other Intangible Assets, Gross | 1,459,600,000 | 97,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill and Intangible Asset Impairment | -31,100,000 | -21,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Goodwill and Other Intangible Assets, Net | $1,419,400,000 | $76,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill_and_Indefinitelived_I3
Goodwill and Indefinite-lived Intangible Assets - Intangibles (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | $20,800,000 | ' | ' |
Total Goodwill and Other Intangible Assets, Gross | 1,459,600,000 | 97,200,000 | ' |
Finite-Lived Intangible Assets, Gross | 79,500,000 | 1,100,000 | ' |
Goodwill | 919,282,000 | 55,157,000 | ' |
Indefinite-Lived Intangible Assets (Excluding Goodwill) | 460,800,000 | 40,900,000 | ' |
Goodwill, Gross | ' | 55,200,000 | ' |
Goodwill, Impaired, Accumulated Impairment Loss | 0 | 0 | ' |
Indefinite-lived Intangible Assets Acquired | 529,200,000 | ' | ' |
Fully impaired gaming license | 10,000,000 | 0 | 0 |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ' | ' | ' |
Intangible Assets, Net (Excluding Goodwill) | 500,084,000 | 20,833,000 | ' |
Intangible Assets, Gross (Excluding Goodwill) | 429,700,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 15,900,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 12,000,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Four | 8,900,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Five | 6,600,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, after Year Five | 6,200,000 | ' | ' |
Finite-Lived Intangible Asset, Total Amortization Expenses | 70,400,000 | ' | ' |
Gaming Licenses | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' |
Indefinite-Lived Intangible Assets (Excluding Goodwill) | 268,600,000 | 39,600,000 | ' |
Fully impaired gaming license | -31,100,000 | -21,100,000 | ' |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ' | ' | ' |
Intangible Assets, Net (Excluding Goodwill) | ' | 18,500,000 | ' |
Intangible Assets, Gross (Excluding Goodwill) | 237,500,000 | ' | ' |
Trade Names [Member] | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' |
Indefinite-Lived Intangible Assets (Excluding Goodwill) | 187,200,000 | 200,000 | ' |
Fully impaired gaming license | 0 | 0 | ' |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ' | ' | ' |
Intangible Assets, Net (Excluding Goodwill) | ' | 200,000 | ' |
Intangible Assets, Gross (Excluding Goodwill) | 187,200,000 | ' | ' |
Racing license [Member] | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' |
Indefinite-Lived Intangible Assets (Excluding Goodwill) | 5,000,000 | ' | ' |
Fully impaired gaming license | 0 | ' | ' |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ' | ' | ' |
Intangible Assets, Gross (Excluding Goodwill) | 5,000,000 | ' | ' |
Indefinite-lived intangible assets, other [Member] | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' |
Indefinite-Lived Intangible Assets (Excluding Goodwill) | ' | 1,100,000 | ' |
Fully impaired gaming license | ' | 0 | ' |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ' | ' | ' |
Intangible Assets, Net (Excluding Goodwill) | ' | 1,100,000 | ' |
Ameristar [Member] | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' |
Goodwill, Gross | 860,800,000 | ' | ' |
Goodwill, Impaired, Accumulated Impairment Loss | 0 | ' | ' |
Retama Partners | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' |
Indefinite-lived Intangible Assets Acquired | 5,000,000 | ' | ' |
Heartland Poker Tour | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' |
Goodwill, Gross | ' | 2,600,000 | ' |
Ameristar Lake Charles [Domain] | ' | ' | ' |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ' | ' | ' |
intangible assets-gaming license | 29,800,000 | ' | ' |
Belterra Park [Member] | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' |
Goodwill | 35,800,000 | 35,800,000 | ' |
Goodwill, Gross | 35,800,000 | 35,800,000 | ' |
Goodwill, Impaired, Accumulated Impairment Loss | 0 | 0 | ' |
Boomtown New Orleans [Member] | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' |
Goodwill | 16,800,000 | 16,800,000 | ' |
Goodwill, Gross | 16,800,000 | 16,800,000 | ' |
Goodwill, Impaired, Accumulated Impairment Loss | 0 | 0 | ' |
Other Business Entities [Member] | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' |
Goodwill | 5,900,000 | 2,600,000 | ' |
Goodwill, Gross | 5,900,000 | 2,600,000 | ' |
Goodwill, Impaired, Accumulated Impairment Loss | 0 | 0 | ' |
Customer Relationships [Member] | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | '6 years | '10 years | ' |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | 20,700,000 | ' | ' |
Finite-Lived Intangible Assets, Gross | 75,100,000 | 1,100,000 | ' |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ' | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 15,800,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 11,900,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Four | 8,800,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Five | 6,500,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, after Year Five | 2,400,000 | ' | ' |
Finite-Lived Intangible Asset, Total Amortization Expenses | 66,100,000 | ' | ' |
Favorable Leasehold Interests [Domain] | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | '32 years | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | 100,000 | ' | ' |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ' | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 100,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 100,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Four | 100,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Five | 100,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, after Year Five | 3,800,000 | ' | ' |
Finite-Lived Intangible Asset, Total Amortization Expenses | $4,300,000 | ' | ' |
Writedowns_reserves_and_recove2
Write-downs, reserves and recoveries, net (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Write-downs, Reserves and Recoveries [Line Items] | ' | ' | ' |
Loss on disposal of assets | $2,800,000 | ($1,200,000) | $2,400,000 |
Allowance for Notes Receivable | 100,000 | 1,700,000 | 0 |
Impairment of assets | 2,900,000 | 300,000 | 400,000 |
Impairment of indefinite-lived intangible | 10,000,000 | 0 | 0 |
Impairment of Real Estate | 1,534,000 | 6,950,000 | 17,853,000 |
Legal settlement expense (recoveries) | 1,500,000 | 0 | 400,000 |
Write-downs, reserves and recoveries, net | 17,265,000 | 829,000 | 3,167,000 |
Boomtown Bossier City [Member] | ' | ' | ' |
Write-downs, Reserves and Recoveries [Line Items] | ' | ' | ' |
Impairment of indefinite-lived intangible | 10,000,000 | ' | ' |
L'Auberge Lake Charles [Member] | ' | ' | ' |
Write-downs, Reserves and Recoveries [Line Items] | ' | ' | ' |
Impairment of Real Estate | $1,500,000 | ' | ' |
Commitments_and_Contingencies_
Commitments and Contingencies (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
In Millions, unless otherwise specified | Belterra Park [Member] | Boomtown New Orleans [Member] | Maximum | Minimum | ||
Room | Indiana Income Tax | Indiana Income Tax | ||||
Long-term Purchase Commitment | ' | ' | ' | ' | ' | ' |
Amended Guaranteed Maximum Price | ' | ' | $119.60 | ' | ' | ' |
Income Tax Examination, Year under Examination | ' | ' | ' | ' | '2007 | '2005 |
Total guaranteed maximum price | ' | ' | 20.1 | 14.2 | ' | ' |
Long-term Contract, Number of Guest Rooms | ' | ' | ' | 150 | ' | ' |
Self insurance accruals | $26.20 | $13.70 | ' | ' | ' | ' |
Commitments_and_Contingencies_1
Commitments and Contingencies - Income Tax Examination (Details) (Indiana Income Tax, USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
Indiana Income Tax | ' |
Income Tax Examination [Line Items] | ' |
Income Tax Examination Proposed Adjustment Excluding Interest And Penalties | $7.30 |
Consolidating_Condensed_Financ2
Consolidating Condensed Financial Information (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Jun. 30, 2007 |
7.50% Senior Subordinated Notes due 2015 | |||||
Long-term Debt | ' | ' | ' | ' | ' |
Cash and other assets | $198,575,000 | $101,792,000 | $80,294,000 | $195,387,000 | ' |
Stated percentage | ' | ' | ' | ' | 7.50% |
Cash and other assets | $65,000,000 | ' | ' | ' | ' |
Consolidating_Condensed_Financ3
Consolidating Condensed Financial Information - Statements of Operations (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Gaming | ' | ' | ' | ' | ' | ' | ' | ' | $1,327,266,000 | $892,284,000 | $840,687,000 | |||
Food and beverage | ' | ' | ' | ' | ' | ' | ' | ' | 78,857,000 | 53,474,000 | 48,452,000 | |||
Lodging | ' | ' | ' | ' | ' | ' | ' | ' | 31,297,000 | 21,937,000 | 20,859,000 | |||
Other | ' | ' | ' | ' | ' | ' | ' | ' | 50,416,000 | 35,141,000 | 30,876,000 | |||
Total revenues | 535,000,000 | 418,900,000 | 267,300,000 | 266,600,000 | 254,800,000 | 256,200,000 | 248,500,000 | 243,400,000 | 1,487,836,000 | 1,002,836,000 | 940,874,000 | |||
Expenses and other costs: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Gaming | ' | ' | ' | ' | ' | ' | ' | ' | 733,459,000 | 501,354,000 | 480,516,000 | |||
Food and beverage | ' | ' | ' | ' | ' | ' | ' | ' | 69,756,000 | 47,110,000 | 42,554,000 | |||
Occupancy Costs | ' | ' | ' | ' | ' | ' | ' | ' | 14,820,000 | 11,624,000 | 10,011,000 | |||
Retail, entertainment and other | ' | ' | ' | ' | ' | ' | ' | ' | 23,303,000 | 19,852,000 | 18,664,000 | |||
General and administrative and other | ' | ' | ' | ' | ' | ' | ' | ' | 287,400,000 | 181,200,000 | 179,700,000 | |||
Pre-opening and development costs | ' | ' | ' | ' | ' | ' | ' | ' | 89,009,000 | 21,508,000 | 8,817,000 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 148,456,000 | 82,689,000 | 70,205,000 | |||
Write-downs, reserves, recoveries and impairments | ' | ' | ' | ' | ' | ' | ' | ' | 17,200,000 | 800,000 | 3,100,000 | |||
Total expenses and other costs | ' | ' | ' | ' | ' | ' | ' | ' | 1,383,449,000 | 866,141,000 | 813,608,000 | |||
Operating income (loss) | 69,800,000 | -15,200,000 | 17,900,000 | 31,900,000 | 22,900,000 | 32,700,000 | 38,800,000 | 42,300,000 | 104,387,000 | 136,695,000 | 127,266,000 | |||
Equity earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | |||
Interest expense, net of capitalized interest | ' | ' | ' | ' | ' | ' | ' | ' | -169,812,000 | -93,670,000 | -95,308,000 | |||
Loss on early extinguishment of debt | ' | ' | ' | ' | ' | ' | ' | ' | -30,830,000 | -20,718,000 | -183,000 | |||
Loss from equity method investment | ' | ' | ' | ' | ' | ' | ' | ' | -92,181,000 | -30,780,000 | -588,000 | |||
Management fee and inter company interest | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Income tax (expense) benefit | ' | ' | ' | ' | ' | ' | ' | ' | 55,055,000 | -4,764,000 | -2,284,000 | |||
Income (loss) from continuing operations | 8,600,000 | -47,100,000 | -7,100,000 | -87,800,000 | -31,100,000 | 6,700,000 | 13,200,000 | -2,000,000 | -133,381,000 | -13,237,000 | 28,903,000 | |||
Loss from discontinued operations, net of income taxes | 6,400,000 | -133,300,000 | 2,000,000 | 2,400,000 | -11,300,000 | -7,100,000 | -1,200,000 | 1,000,000 | -122,540,000 | -18,568,000 | -31,442,000 | |||
Net income (loss) | 15,000,000 | -180,400,000 | -5,100,000 | -85,400,000 | -42,400,000 | -400,000 | 12,000,000 | -1,000,000 | -255,870,000 | -31,805,000 | -2,539,000 | |||
Pinnacle Entertainment, Inc. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Gaming | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Food and beverage | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Lodging | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Other | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | 100,000 | 100,000 | |||
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | 100,000 | 100,000 | |||
Expenses and other costs: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Gaming | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Food and beverage | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Occupancy Costs | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Retail, entertainment and other | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
General and administrative and other | ' | ' | ' | ' | ' | ' | ' | ' | 63,100,000 | 26,700,000 | 33,300,000 | |||
Pre-opening and development costs | ' | ' | ' | ' | ' | ' | ' | ' | 86,200,000 | 3,200,000 | 4,100,000 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 6,500,000 | 3,300,000 | 3,400,000 | |||
Write-downs, reserves, recoveries and impairments | ' | ' | ' | ' | ' | ' | ' | ' | 1,100,000 | 300,000 | 700,000 | |||
Total expenses and other costs | ' | ' | ' | ' | ' | ' | ' | ' | 156,900,000 | 33,500,000 | 41,500,000 | |||
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -156,800,000 | -33,400,000 | -41,400,000 | |||
Equity earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | -16,100,000 | 111,300,000 | 127,800,000 | |||
Interest expense, net of capitalized interest | ' | ' | ' | ' | ' | ' | ' | ' | -177,400,000 | -114,400,000 | -105,700,000 | |||
Income (loss) from continuing operations before inter-company activity and income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -381,100,000 | -57,200,000 | -19,500,000 | |||
Loss on early extinguishment of debt | ' | ' | ' | ' | ' | ' | ' | ' | -30,800,000 | -20,700,000 | -200,000 | |||
Loss from equity method investment | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Management fee and inter company interest | ' | ' | ' | ' | ' | ' | ' | ' | 70,100,000 | 30,100,000 | 19,300,000 | |||
Income tax (expense) benefit | ' | ' | ' | ' | ' | ' | ' | ' | 55,100,000 | -4,700,000 | -2,300,000 | |||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -255,900,000 | -31,800,000 | -2,500,000 | |||
Loss from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -255,900,000 | -31,800,000 | -2,500,000 | |||
100% Owned Guarantor Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Gaming | ' | ' | ' | ' | ' | ' | ' | ' | 1,327,300,000 | [1] | 892,300,000 | [1] | 840,700,000 | [1] |
Food and beverage | ' | ' | ' | ' | ' | ' | ' | ' | 78,900,000 | [1] | 53,500,000 | [1] | 48,500,000 | [1] |
Lodging | ' | ' | ' | ' | ' | ' | ' | ' | 31,300,000 | [1] | 21,900,000 | [1] | 20,900,000 | [1] |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 50,200,000 | [1] | 34,500,000 | [1] | 30,700,000 | [1] |
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | 1,487,700,000 | [1] | 1,002,200,000 | [1] | 940,800,000 | [1] |
Expenses and other costs: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Gaming | ' | ' | ' | ' | ' | ' | ' | ' | 733,500,000 | 501,400,000 | [1] | 480,500,000 | [1] | |
Food and beverage | ' | ' | ' | ' | ' | ' | ' | ' | 69,800,000 | [1] | 47,100,000 | [1] | 42,600,000 | [1] |
Occupancy Costs | ' | ' | ' | ' | ' | ' | ' | ' | 14,800,000 | [1] | 11,600,000 | [1] | 10,000,000 | [1] |
Retail, entertainment and other | ' | ' | ' | ' | ' | ' | ' | ' | 23,300,000 | [1] | 19,100,000 | [1] | 18,700,000 | [1] |
General and administrative and other | ' | ' | ' | ' | ' | ' | ' | ' | 223,800,000 | [1] | 153,900,000 | [1] | 146,400,000 | [1] |
Pre-opening and development costs | ' | ' | ' | ' | ' | ' | ' | ' | 2,100,000 | [1] | 16,700,000 | [1] | 4,700,000 | [1] |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 142,000,000 | [1] | 79,200,000 | [1] | 66,800,000 | [1] |
Write-downs, reserves, recoveries and impairments | ' | ' | ' | ' | ' | ' | ' | ' | 14,500,000 | [1] | -1,200,000 | [1] | 2,400,000 | [1] |
Total expenses and other costs | ' | ' | ' | ' | ' | ' | ' | ' | 1,223,800,000 | [1] | 827,800,000 | [1] | 772,100,000 | [1] |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 263,900,000 | [1] | 174,400,000 | [1] | 168,700,000 | [1] |
Equity earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [1] | -100,000 | [1] | 0 | [1] |
Interest expense, net of capitalized interest | ' | ' | ' | ' | ' | ' | ' | ' | 7,700,000 | [1] | 12,000,000 | [1] | 7,000,000 | [1] |
Income (loss) from continuing operations before inter-company activity and income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 271,600,000 | [1] | 186,300,000 | [1] | 175,700,000 | [1] |
Loss on early extinguishment of debt | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [1] | 0 | [1] | 0 | [1] |
Loss from equity method investment | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [1] | 0 | 0 | [1] | |
Management fee and inter company interest | ' | ' | ' | ' | ' | ' | ' | ' | -70,100,000 | [1] | -20,200,000 | [1] | -14,600,000 | [1] |
Income tax (expense) benefit | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [1] | 0 | [1] | 0 | [1] |
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | 201,500,000 | [1] | 166,100,000 | [1] | 161,100,000 | [1] |
Loss from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -122,500,000 | [1] | -20,000,000 | [1] | -32,900,000 | [1] |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 79,000,000 | [1] | 146,100,000 | [1] | 128,200,000 | [1] |
100% Owned Non-Guarantor Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Gaming | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | 0 | [2] | 0 | [2] |
Food and beverage | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | 0 | [2] | 0 | [2] |
Lodging | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | 0 | [2] | 0 | [2] |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | 500,000 | [2] | 0 | [2] |
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | 500,000 | [2] | 0 | [2] |
Expenses and other costs: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Gaming | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | 0 | [2] | 0 | [2] |
Food and beverage | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | 0 | [2] | 0 | [2] |
Occupancy Costs | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | 0 | [2] | 0 | [2] |
Retail, entertainment and other | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | 700,000 | [2] | 0 | [2] |
General and administrative and other | ' | ' | ' | ' | ' | ' | ' | ' | 500,000 | [2] | 600,000 | [2] | 0 | [2] |
Pre-opening and development costs | ' | ' | ' | ' | ' | ' | ' | ' | 700,000 | [2] | 1,600,000 | [2] | 0 | [2] |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | 200,000 | [2] | 0 | [2] |
Write-downs, reserves, recoveries and impairments | ' | ' | ' | ' | ' | ' | ' | ' | 1,600,000 | [2] | 1,700,000 | [2] | 0 | [2] |
Total expenses and other costs | ' | ' | ' | ' | ' | ' | ' | ' | 2,800,000 | [2] | 4,800,000 | [2] | 0 | [2] |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -2,800,000 | [2] | -4,300,000 | [2] | 0 | [2] |
Equity earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | 0 | [2] | 0 | [2] |
Interest expense, net of capitalized interest | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | 8,700,000 | [2] | 3,400,000 | [2] |
Income (loss) from continuing operations before inter-company activity and income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -95,000,000 | [2] | -26,400,000 | [2] | 2,800,000 | [2] |
Loss on early extinguishment of debt | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | 0 | [2] | 0 | [2] |
Loss from equity method investment | ' | ' | ' | ' | ' | ' | ' | ' | -92,200,000 | [2] | -30,800,000 | -600,000 | [2] | |
Management fee and inter company interest | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | -8,400,000 | [2] | -3,400,000 | [2] |
Income tax (expense) benefit | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | 0 | [2] | 0 | [2] |
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -95,000,000 | [2] | -34,800,000 | [2] | -600,000 | [2] |
Loss from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -100,000 | [2] | -100,000 | [2] | 200,000 | [2] |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -95,100,000 | [2] | -34,900,000 | [2] | -400,000 | [2] |
Consolidating and Eliminating Entries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Gaming | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Food and beverage | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Lodging | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Other | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Expenses and other costs: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Gaming | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Food and beverage | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Occupancy Costs | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Retail, entertainment and other | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
General and administrative and other | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Pre-opening and development costs | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Write-downs, reserves, recoveries and impairments | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Total expenses and other costs | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Equity earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 16,100,000 | -111,200,000 | -127,800,000 | |||
Interest expense, net of capitalized interest | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Income (loss) from continuing operations before inter-company activity and income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 16,100,000 | -111,200,000 | -127,800,000 | |||
Loss on early extinguishment of debt | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | |||
Loss from equity method investment | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Management fee and inter company interest | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -1,500,000 | -1,300,000 | |||
Income tax (expense) benefit | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | 16,100,000 | -112,700,000 | -129,100,000 | |||
Loss from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 1,500,000 | 1,300,000 | |||
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | $16,100,000 | ($111,200,000) | ($127,800,000) | |||
[1] | The following material subsidiaries are identified as guarantors of our senior and senior subordinated notes: Belterra Resort Indiana, LLC;Boomtown, LLC; Casino Magic, LLC; Casino One Corporation; Louisiana-I Gaming; PNK (Baton Rouge) Partnership; PNK (BOSSIER CITY), Inc.; PNK Development 7, LLC; PNK Development 8, LLC; PNK Development 9, LLC; PNK (ES), LLC; PNK (LAKE CHARLES), L.L.C.; PNK (Ohio), LLC; PNK (Ohio) II, LLC; PNK (Ohio) III, LLC; PNK (RENO), LLC; PNK (River City), LLC; PNK (SAM), LLC; PNK (SAZ), LLC; PNK (STLH), LLC; PNK (ST. LOUIS RE), LLC; Ameristar Casino Black Hawk, Inc.; Ameristar Casino Council Bluffs, Inc.; Ameristar Casino St. Charles, Inc.; Ameristar Casino Kansas City, Inc.; Ameristar Casino Vicksburg, Inc.; Cactus Pete’s, Inc.; Ameristar East Chicago Holdings, LLC; Ameristar Casino East Chicago, LLC; Ameristar Casino Springfield, LLC; and Ameristar Lake Charles Holdings, LLC. In addition, certain other immaterial subsidiaries are also guarantors of our senior and senior subordinated notes. | |||||||||||||
[2] | Guarantor subsidiaries of our senior and senior subordinated notes exclude subsidiaries with approximately $65.0 million in cash and other assets as of December 31, 2013 that include a subsidiary that owns a majority interest in the licensee of Retama Park Racetrack and certain other subsidiaries. |
Consolidating_Condensed_Financ4
Consolidating Condensed Financial Information - Balance Sheets (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | ||
Assets [Abstract] | ' | ' | ' | ' | ||
Current assets, excluding discontinued operations | $279,600,000 | $135,600,000 | ' | ' | ||
Property and equipment, net | 3,039,874,000 | 1,285,871,000 | ' | ' | ||
Other non-current assets | 1,518,700,000 | 136,300,000 | ' | ' | ||
Investment in subsidiaries | 0 | 0 | ' | ' | ||
Equity method investments | 1,975,000 | 91,424,000 | ' | ' | ||
Assets of discontinued operations held for sale | 319,189,000 | 459,841,000 | ' | ' | ||
Inter-company | 0 | 0 | ' | ' | ||
Total assets | 5,159,426,000 | 2,108,994,000 | ' | ' | ||
Liabilities and Equity [Abstract] | ' | ' | ' | ' | ||
Current liabilities, excluding discontinued operations | 346,300,000 | 178,100,000 | ' | ' | ||
Notes payable, long term | 4,364,045,000 | 1,437,251,000 | ' | ' | ||
Other non-current liabilities | 197,800,000 | 25,100,000 | ' | ' | ||
Liabilities of discontinued operations held for sale | 26,103,000 | 21,429,000 | ' | ' | ||
Inter-company | 0 | 0 | ' | ' | ||
Liabilities | 4,934,256,000 | 1,661,877,000 | ' | ' | ||
Additional paid-in capital | 1,075,896,000 | 1,053,919,000 | ' | ' | ||
Retained deficit | -798,049,000 | -542,179,000 | ' | ' | ||
Total stockholders' equity | 213,704,000 | 447,117,000 | ' | ' | ||
Non-controlling interest | 11,466,000 | 0 | ' | ' | ||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 225,170,000 | 447,117,000 | 519,392,000 | 507,370,000 | ||
Total liabilities and stockholders' equity | 5,159,426,000 | 2,108,994,000 | ' | ' | ||
Pinnacle Entertainment, Inc. | ' | ' | ' | ' | ||
Assets [Abstract] | ' | ' | ' | ' | ||
Current assets, excluding discontinued operations | 66,800,000 | 17,400,000 | ' | ' | ||
Property and equipment, net | 51,100,000 | 21,700,000 | ' | ' | ||
Other non-current assets | 578,400,000 | 47,400,000 | ' | ' | ||
Investment in subsidiaries | 4,364,900,000 | 1,861,400,000 | ' | ' | ||
Equity method investments | 0 | 0 | ' | ' | ||
Assets of discontinued operations held for sale | 0 | 0 | ' | ' | ||
Inter-company | 1,200,000 | 1,200,000 | ' | ' | ||
Total assets | 5,062,400,000 | 1,949,100,000 | ' | ' | ||
Liabilities and Equity [Abstract] | ' | ' | ' | ' | ||
Current liabilities, excluding discontinued operations | 147,300,000 | 50,900,000 | ' | ' | ||
Notes payable, long term | 5,149,000,000 | 1,437,300,000 | ' | ' | ||
Other non-current liabilities | -48,100,000 | 13,800,000 | ' | ' | ||
Liabilities of discontinued operations held for sale | 0 | 0 | ' | ' | ||
Inter-company | 0 | 0 | ' | ' | ||
Liabilities | 5,248,200,000 | 1,502,000,000 | ' | ' | ||
Additional paid-in capital | 1,081,400,000 | 1,053,900,000 | ' | ' | ||
Retained deficit | -701,700,000 | -542,200,000 | ' | ' | ||
Common Stock, Treasury Stock, and Other | 565,500,000 | -64,600,000 | ' | ' | ||
Total stockholders' equity | -185,800,000 | ' | ' | ' | ||
Non-controlling interest | 0 | ' | ' | ' | ||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | -185,800,000 | 447,100,000 | ' | ' | ||
Total liabilities and stockholders' equity | 5,062,400,000 | 1,949,100,000 | ' | ' | ||
100% Owned Guarantor Subsidiaries | ' | ' | ' | ' | ||
Assets [Abstract] | ' | ' | ' | ' | ||
Current assets, excluding discontinued operations | 185,100,000 | [1] | 95,200,000 | [1] | ' | ' |
Property and equipment, net | 2,983,100,000 | [1] | 1,263,100,000 | [1] | ' | ' |
Other non-current assets | 911,900,000 | [1] | 74,500,000 | [1] | ' | ' |
Investment in subsidiaries | 0 | [1] | 0 | [1] | ' | ' |
Equity method investments | 0 | [1] | 0 | ' | ' | |
Assets of discontinued operations held for sale | 318,800,000 | [1] | 459,400,000 | [1] | ' | ' |
Inter-company | 0 | [1] | 0 | [1] | ' | ' |
Total assets | 4,398,900,000 | [1] | 1,892,200,000 | [1] | ' | ' |
Liabilities and Equity [Abstract] | ' | ' | ' | ' | ||
Current liabilities, excluding discontinued operations | 198,900,000 | [1] | 126,600,000 | [1] | ' | ' |
Notes payable, long term | -785,000,000 | [1] | 0 | [1] | ' | ' |
Other non-current liabilities | 245,900,000 | [1] | 11,000,000 | [1] | ' | ' |
Liabilities of discontinued operations held for sale | 26,100,000 | [1] | 21,400,000 | [1] | ' | ' |
Inter-company | 0 | [1] | 0 | [1] | ' | ' |
Liabilities | -314,100,000 | [1] | 159,000,000 | ' | ' | |
Additional paid-in capital | 3,777,900,000 | [1] | 1,328,100,000 | ' | ' | |
Retained deficit | 433,300,000 | [1] | 404,500,000 | ' | ' | |
Common Stock, Treasury Stock, and Other | -501,800,000 | [1] | 600,000 | ' | ' | |
Total stockholders' equity | 4,713,000,000 | [1] | ' | ' | ' | |
Non-controlling interest | 0 | [1] | ' | ' | ' | |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 4,713,000,000 | [1] | 1,733,200,000 | ' | ' | |
Total liabilities and stockholders' equity | 4,398,900,000 | [1] | 1,892,200,000 | [1] | ' | ' |
100% Owned Non-Guarantor Subsidiaries | ' | ' | ' | ' | ||
Assets [Abstract] | ' | ' | ' | ' | ||
Current assets, excluding discontinued operations | 27,700,000 | [2] | 23,000,000 | [2] | ' | ' |
Property and equipment, net | 5,700,000 | [2] | 1,100,000 | [2] | ' | ' |
Other non-current assets | 28,400,000 | [2] | 14,400,000 | [2] | ' | ' |
Investment in subsidiaries | 0 | [2] | 0 | [2] | ' | ' |
Equity method investments | 2,000,000 | [2] | 91,400,000 | ' | ' | |
Assets of discontinued operations held for sale | 1,200,000 | [2] | 1,100,000 | [2] | ' | ' |
Inter-company | 0 | [2] | 0 | [2] | ' | ' |
Total assets | 65,000,000 | [2] | 131,000,000 | [2] | ' | ' |
Liabilities and Equity [Abstract] | ' | ' | ' | ' | ||
Current liabilities, excluding discontinued operations | 100,000 | [2] | 600,000 | [2] | ' | ' |
Notes payable, long term | 0 | [2] | 0 | [2] | ' | ' |
Other non-current liabilities | 0 | [2] | 300,000 | [2] | ' | ' |
Liabilities of discontinued operations held for sale | 0 | [2] | 0 | [2] | ' | ' |
Inter-company | 1,200,000 | [2] | 1,200,000 | [2] | ' | ' |
Liabilities | 1,300,000 | [2] | 2,100,000 | ' | ' | |
Additional paid-in capital | 325,700,000 | [2] | 303,400,000 | ' | ' | |
Retained deficit | -273,500,000 | [2] | -174,500,000 | ' | ' | |
Common Stock, Treasury Stock, and Other | 0 | [2] | 0 | ' | ' | |
Total stockholders' equity | 52,200,000 | [2] | ' | ' | ' | |
Non-controlling interest | 11,500,000 | [2] | ' | ' | ' | |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 63,700,000 | [2] | 128,900,000 | ' | ' | |
Total liabilities and stockholders' equity | 65,000,000 | [2] | 131,000,000 | [2] | ' | ' |
Consolidating and Eliminating Entries | ' | ' | ' | ' | ||
Assets [Abstract] | ' | ' | ' | ' | ||
Current assets, excluding discontinued operations | 0 | 0 | ' | ' | ||
Property and equipment, net | 0 | 0 | ' | ' | ||
Other non-current assets | 0 | 0 | ' | ' | ||
Investment in subsidiaries | -4,364,900,000 | -1,861,400,000 | ' | ' | ||
Equity method investments | 0 | 0 | ' | ' | ||
Assets of discontinued operations held for sale | -800,000 | -700,000 | ' | ' | ||
Inter-company | -1,200,000 | -1,200,000 | ' | ' | ||
Total assets | -4,366,900,000 | -1,863,300,000 | ' | ' | ||
Liabilities and Equity [Abstract] | ' | ' | ' | ' | ||
Current liabilities, excluding discontinued operations | 0 | 0 | ' | ' | ||
Notes payable, long term | 0 | 0 | ' | ' | ||
Other non-current liabilities | 0 | 0 | ' | ' | ||
Liabilities of discontinued operations held for sale | 0 | 0 | ' | ' | ||
Inter-company | -1,200,000 | -1,200,000 | ' | ' | ||
Liabilities | -1,200,000 | -1,200,000 | ' | ' | ||
Additional paid-in capital | -4,109,000,000 | -1,631,500,000 | ' | ' | ||
Retained deficit | -256,300,000 | -230,100,000 | ' | ' | ||
Common Stock, Treasury Stock, and Other | 400,000 | -500,000 | ' | ' | ||
Total stockholders' equity | -4,365,700,000 | ' | ' | ' | ||
Non-controlling interest | 0 | ' | ' | ' | ||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | -4,365,700,000 | -1,862,100,000 | ' | ' | ||
Total liabilities and stockholders' equity | ($4,366,900,000) | ($1,863,300,000) | ' | ' | ||
[1] | The following material subsidiaries are identified as guarantors of our senior and senior subordinated notes: Belterra Resort Indiana, LLC;Boomtown, LLC; Casino Magic, LLC; Casino One Corporation; Louisiana-I Gaming; PNK (Baton Rouge) Partnership; PNK (BOSSIER CITY), Inc.; PNK Development 7, LLC; PNK Development 8, LLC; PNK Development 9, LLC; PNK (ES), LLC; PNK (LAKE CHARLES), L.L.C.; PNK (Ohio), LLC; PNK (Ohio) II, LLC; PNK (Ohio) III, LLC; PNK (RENO), LLC; PNK (River City), LLC; PNK (SAM), LLC; PNK (SAZ), LLC; PNK (STLH), LLC; PNK (ST. LOUIS RE), LLC; Ameristar Casino Black Hawk, Inc.; Ameristar Casino Council Bluffs, Inc.; Ameristar Casino St. Charles, Inc.; Ameristar Casino Kansas City, Inc.; Ameristar Casino Vicksburg, Inc.; Cactus Pete’s, Inc.; Ameristar East Chicago Holdings, LLC; Ameristar Casino East Chicago, LLC; Ameristar Casino Springfield, LLC; and Ameristar Lake Charles Holdings, LLC. In addition, certain other immaterial subsidiaries are also guarantors of our senior and senior subordinated notes. | |||||
[2] | Guarantor subsidiaries of our senior and senior subordinated notes exclude subsidiaries with approximately $65.0 million in cash and other assets as of December 31, 2013 that include a subsidiary that owns a majority interest in the licensee of Retama Park Racetrack and certain other subsidiaries. |
Consolidating_Condensed_Financ5
Consolidating Condensed Financial Information - Statements of Cash Flows (Details) (USD $) | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Condensed Financial Statements | ' | ' | ' | |||
Subsidiary reporting information, assets | $65,000,000 | ' | ' | |||
Cash provided by (used in) operating activities | 161,067,000 | 186,906,000 | 131,809,000 | |||
Payments to Acquire Held-to-maturity Securities | 5,853,000 | 20,062,000 | 0 | |||
Payments to Acquire Businesses, Net of Cash Acquired | 1,749,736,000 | 4,300,000 | 45,216,000 | |||
Proceeds from Divestiture of Businesses, Net of Cash Divested | 205,703,000 | 10,784,000 | 0 | |||
Payments to Acquire Loans Receivable | 6,884,000 | 6,037,000 | 0 | |||
Cash provided by (used in) investing activities | -1,842,742,000 | -302,079,000 | -293,376,000 | |||
Proceeds from Credit Facility | 2,168,835,000 | 47,500,000 | 99,000,000 | |||
Payments to Acquire Equity Method Investments | 2,732,000 | 24,408,000 | 98,383,000 | |||
Repayments of Long-term Debt | 1,205,435,000 | 495,000,000 | 53,104,000 | |||
Payments of Debt Issuance Costs | 44,101,000 | 12,408,000 | 3,139,000 | |||
Payments for Repurchase of Common Stock | 0 | 51,000,000 | 0 | |||
Cash provided by financing activities | 1,778,458,000 | 136,671,000 | 46,474,000 | |||
Increase (decrease) in cash and cash equivalents | 96,783,000 | 21,498,000 | -115,093,000 | |||
Cash and cash equivalents at the beginning of the year | 101,792,000 | 80,294,000 | 195,387,000 | |||
Cash and cash equivalents at the end of the year | 198,575,000 | 101,792,000 | 80,294,000 | |||
Pinnacle Entertainment, Inc. | ' | ' | ' | |||
Condensed Financial Statements | ' | ' | ' | |||
Cash provided by (used in) operating activities | -1,754,500,000 | -140,000,000 | -95,000,000 | |||
Capital expenditures and other | -5,800,000 | -4,100,000 | -11,100,000 | |||
Payments to Acquire Held-to-maturity Securities | 4,400,000 | -4,500,000 | ' | |||
Payments to Acquire Businesses, Net of Cash Acquired | 0 | ' | 0 | |||
Proceeds from Divestiture of Businesses, Net of Cash Divested | 0 | 0 | ' | |||
Payments to Acquire Loans Receivable | 0 | 0 | ' | |||
Payments for (Proceeds from) Other Investing Activities | 500,000 | 100,000 | 0 | |||
Cash provided by (used in) investing activities | -900,000 | -8,500,000 | -11,100,000 | |||
Proceeds from Credit Facility | 2,168,800,000 | ' | ' | |||
Proceeds from Issuance of Long-term Debt | 850,000,000 | 646,800,000 | ' | |||
Payments to Acquire Equity Method Investments | ' | 0 | 0 | |||
Proceeds from escrow deposit | ' | 0 | ' | |||
Repayments of Lines of Credit | ' | -56,000,000 | 56,000,000 | |||
Repayments of Long-term Debt | -1,205,400,000 | -392,200,000 | -10,000,000 | |||
Payments of Debt Issuance Costs | ' | -12,400,000 | -3,100,000 | |||
Payments for Repurchase of Common Stock | ' | -51,000,000 | ' | |||
Change in notes payable and other | -34,900,000 | 1,500,000 | ' | |||
Proceeds from (Payments for) Other Financing Activities | ' | ' | 3,500,000 | |||
Cash provided by financing activities | 1,778,500,000 | 136,700,000 | 46,400,000 | |||
Effect of exchange rate changes on cash and cash equivalents | ' | ' | 0 | |||
Increase (decrease) in cash and cash equivalents | 23,100,000 | -11,800,000 | -59,700,000 | |||
Cash and cash equivalents at the beginning of the year | 5,500,000 | 17,300,000 | 77,000,000 | |||
Cash and cash equivalents at the end of the year | 28,600,000 | 5,500,000 | 17,300,000 | |||
100% Owned Guarantor Subsidiaries | ' | ' | ' | |||
Condensed Financial Statements | ' | ' | ' | |||
Cash provided by (used in) operating activities | 1,895,500,000 | [1] | 277,700,000 | [1] | 190,400,000 | [1] |
Capital expenditures and other | -286,800,000 | [1] | -294,800,000 | [1] | -142,200,000 | [1] |
Payments to Acquire Held-to-maturity Securities | 0 | [1] | 0 | [1] | ' | |
Payments to Acquire Businesses, Net of Cash Acquired | -1,749,700,000 | [1] | ' | -45,200,000 | [1] | |
Proceeds from Divestiture of Businesses, Net of Cash Divested | 205,700,000 | [1] | 10,800,000 | [1] | ' | |
Payments to Acquire Loans Receivable | 0 | [1] | 0 | [1] | ' | |
Payments for (Proceeds from) Other Investing Activities | 4,100,000 | [1] | 7,100,000 | [1] | 3,400,000 | [1] |
Cash provided by (used in) investing activities | -1,826,700,000 | [1] | -252,200,000 | [1] | -184,000,000 | [1] |
Proceeds from Credit Facility | 0 | [1] | ' | ' | ||
Proceeds from Issuance of Long-term Debt | 0 | [1] | 0 | [1] | ' | |
Payments to Acquire Equity Method Investments | ' | -300,000 | [1] | 0 | [1] | |
Proceeds from escrow deposit | ' | 25,000,000 | [1] | ' | ||
Repayments of Lines of Credit | ' | 0 | [1] | 0 | [1] | |
Repayments of Long-term Debt | 0 | [1] | 0 | [1] | 0 | |
Payments of Debt Issuance Costs | ' | 0 | [1] | 0 | ||
Payments for Repurchase of Common Stock | ' | 0 | [1] | ' | ||
Change in notes payable and other | 0 | [1] | 0 | [1] | ' | |
Proceeds from (Payments for) Other Financing Activities | ' | ' | 0 | |||
Cash provided by financing activities | 0 | [1] | 0 | [1] | 0 | [1] |
Effect of exchange rate changes on cash and cash equivalents | ' | ' | 0 | [1] | ||
Increase (decrease) in cash and cash equivalents | 68,800,000 | [1] | 25,500,000 | [1] | 6,400,000 | [1] |
Cash and cash equivalents at the beginning of the year | 73,500,000 | [1] | 48,000,000 | [1] | 41,600,000 | [1] |
Cash and cash equivalents at the end of the year | 142,300,000 | [1] | 73,500,000 | [1] | 48,000,000 | [1] |
100% Owned Non-Guarantor Subsidiaries | ' | ' | ' | |||
Condensed Financial Statements | ' | ' | ' | |||
Cash provided by (used in) operating activities | 20,100,000 | [2] | 49,200,000 | [2] | -100,000 | [2] |
Capital expenditures and other | 0 | [2] | -500,000 | [2] | -200,000 | [2] |
Payments to Acquire Held-to-maturity Securities | -5,900,000 | [2] | -15,600,000 | [2] | ' | |
Payments to Acquire Businesses, Net of Cash Acquired | 0 | [2] | ' | 0 | [2] | |
Proceeds from Divestiture of Businesses, Net of Cash Divested | 0 | [2] | 0 | [2] | ' | |
Payments to Acquire Loans Receivable | -6,900,000 | [2] | -6,000,000 | [2] | ' | |
Payments for (Proceeds from) Other Investing Activities | -2,400,000 | [2] | 4,800,000 | [2] | 300,000 | [2] |
Cash provided by (used in) investing activities | -15,200,000 | [2] | -41,400,000 | [2] | -98,200,000 | [2] |
Proceeds from Credit Facility | 0 | [2] | ' | ' | ||
Proceeds from Issuance of Long-term Debt | 0 | [2] | 0 | [2] | ' | |
Payments to Acquire Equity Method Investments | ' | -24,100,000 | [2] | -98,300,000 | [2] | |
Proceeds from escrow deposit | ' | 0 | [2] | ' | ||
Repayments of Lines of Credit | ' | 0 | [2] | 0 | [2] | |
Repayments of Long-term Debt | 0 | [2] | 0 | [2] | 0 | |
Payments of Debt Issuance Costs | ' | 0 | [2] | 0 | ||
Payments for Repurchase of Common Stock | ' | 0 | [2] | ' | ||
Change in notes payable and other | 0 | [2] | 0 | [2] | ' | |
Proceeds from (Payments for) Other Financing Activities | ' | ' | 36,500,000 | |||
Cash provided by financing activities | 0 | [2] | 0 | [2] | 36,500,000 | [2] |
Effect of exchange rate changes on cash and cash equivalents | ' | ' | 0 | [2] | ||
Increase (decrease) in cash and cash equivalents | 4,900,000 | [2] | 7,800,000 | [2] | -61,800,000 | [2] |
Cash and cash equivalents at the beginning of the year | 22,800,000 | [2] | 15,000,000 | [2] | 76,800,000 | [2] |
Cash and cash equivalents at the end of the year | 27,700,000 | [2] | 22,800,000 | [2] | 15,000,000 | [2] |
Consolidating and Eliminating Entries | ' | ' | ' | |||
Condensed Financial Statements | ' | ' | ' | |||
Cash provided by (used in) operating activities | 0 | 0 | 36,500,000 | |||
Capital expenditures and other | 0 | 0 | 0 | |||
Payments to Acquire Held-to-maturity Securities | 0 | 0 | ' | |||
Payments to Acquire Businesses, Net of Cash Acquired | 0 | ' | 0 | |||
Proceeds from Divestiture of Businesses, Net of Cash Divested | 0 | 0 | ' | |||
Payments to Acquire Loans Receivable | 0 | 0 | ' | |||
Payments for (Proceeds from) Other Investing Activities | 0 | 0 | 0 | |||
Cash provided by (used in) investing activities | 0 | 0 | 0 | |||
Proceeds from Credit Facility | 0 | ' | ' | |||
Proceeds from Issuance of Long-term Debt | 0 | 0 | ' | |||
Payments to Acquire Equity Method Investments | ' | 0 | 0 | |||
Proceeds from escrow deposit | ' | 0 | ' | |||
Repayments of Lines of Credit | ' | 0 | 0 | |||
Repayments of Long-term Debt | 0 | 0 | 0 | |||
Payments of Debt Issuance Costs | ' | 0 | 0 | |||
Payments for Repurchase of Common Stock | ' | 0 | ' | |||
Change in notes payable and other | 0 | 0 | ' | |||
Proceeds from (Payments for) Other Financing Activities | ' | ' | -36,500,000 | |||
Cash provided by financing activities | 0 | 0 | -36,500,000 | |||
Effect of exchange rate changes on cash and cash equivalents | ' | ' | 0 | |||
Increase (decrease) in cash and cash equivalents | 0 | 0 | 0 | |||
Cash and cash equivalents at the beginning of the year | 0 | 0 | 0 | |||
Cash and cash equivalents at the end of the year | $0 | $0 | $0 | |||
[1] | The following material subsidiaries are identified as guarantors of our senior and senior subordinated notes: Belterra Resort Indiana, LLC;Boomtown, LLC; Casino Magic, LLC; Casino One Corporation; Louisiana-I Gaming; PNK (Baton Rouge) Partnership; PNK (BOSSIER CITY), Inc.; PNK Development 7, LLC; PNK Development 8, LLC; PNK Development 9, LLC; PNK (ES), LLC; PNK (LAKE CHARLES), L.L.C.; PNK (Ohio), LLC; PNK (Ohio) II, LLC; PNK (Ohio) III, LLC; PNK (RENO), LLC; PNK (River City), LLC; PNK (SAM), LLC; PNK (SAZ), LLC; PNK (STLH), LLC; PNK (ST. LOUIS RE), LLC; Ameristar Casino Black Hawk, Inc.; Ameristar Casino Council Bluffs, Inc.; Ameristar Casino St. Charles, Inc.; Ameristar Casino Kansas City, Inc.; Ameristar Casino Vicksburg, Inc.; Cactus Pete’s, Inc.; Ameristar East Chicago Holdings, LLC; Ameristar Casino East Chicago, LLC; Ameristar Casino Springfield, LLC; and Ameristar Lake Charles Holdings, LLC. In addition, certain other immaterial subsidiaries are also guarantors of our senior and senior subordinated notes. | |||||
[2] | Guarantor subsidiaries of our senior and senior subordinated notes exclude subsidiaries with approximately $65.0 million in cash and other assets as of December 31, 2013 that include a subsidiary that owns a majority interest in the licensee of Retama Park Racetrack and certain other subsidiaries. |
Segment_Information_Details
Segment Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues | $535,000,000 | $418,900,000 | $267,300,000 | $266,600,000 | $254,800,000 | $256,200,000 | $248,500,000 | $243,400,000 | $1,487,836,000 | $1,002,836,000 | $940,874,000 | |||||
Adjusted EBITDA [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Adjusted EBITDA | ' | ' | ' | ' | ' | ' | ' | ' | 370,600,000 | [1] | 250,300,000 | [1] | 216,000,000 | [1] | ||
Other benefits (costs) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | -148,456,000 | -82,689,000 | -70,205,000 | |||||
Pre-opening and development costs | ' | ' | ' | ' | ' | ' | ' | ' | -89,009,000 | -21,508,000 | -8,817,000 | |||||
Share-based Compensation Expense | ' | ' | ' | ' | ' | ' | ' | ' | -11,500,000 | -8,500,000 | -6,500,000 | |||||
Write-downs, reserves and recoveries, net | ' | ' | ' | ' | ' | ' | ' | ' | -17,265,000 | -829,000 | -3,167,000 | |||||
Net interest expense, net of capitalized interest | ' | ' | ' | ' | ' | ' | ' | ' | -169,812,000 | -93,670,000 | -95,308,000 | |||||
Loss from equity method investment | ' | ' | ' | ' | ' | ' | ' | ' | -92,181,000 | -30,780,000 | -588,000 | |||||
Loss on early extinguishment of debt | ' | ' | ' | ' | ' | ' | ' | ' | -30,830,000 | -20,718,000 | -183,000 | |||||
Income tax (expense) benefit | ' | ' | ' | ' | ' | ' | ' | ' | 55,055,000 | -4,764,000 | -2,284,000 | |||||
Income (loss) from continuing operations | 8,600,000 | -47,100,000 | -7,100,000 | -87,800,000 | -31,100,000 | 6,700,000 | 13,200,000 | -2,000,000 | -133,381,000 | -13,237,000 | 28,903,000 | |||||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 292,623,000 | 299,464,000 | 153,452,000 | |||||
Assets | 5,159,426,000 | ' | ' | ' | 2,108,994,000 | ' | ' | ' | 5,159,426,000 | 2,108,994,000 | ' | |||||
Midwest Segment [Domain] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 650,900,000 | [2] | 367,300,000 | [2] | 346,700,000 | [2] | ||
Adjusted EBITDA [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Adjusted EBITDA | ' | ' | ' | ' | ' | ' | ' | ' | 183,700,000 | [1],[2] | 94,300,000 | [1],[2] | 76,700,000 | [1],[2] | ||
Other benefits (costs) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 139,400,000 | 37,100,000 | 7,800,000 | |||||
Assets | 2,310,700,000 | ' | ' | ' | 542,800,000 | ' | ' | ' | 2,310,700,000 | 542,800,000 | ' | |||||
South Segment [Domain] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 748,100,000 | 634,900,000 | 594,000,000 | |||||
Adjusted EBITDA [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Adjusted EBITDA | ' | ' | ' | ' | ' | ' | ' | ' | 213,500,000 | [1] | 176,600,000 | [1] | 167,700,000 | [1] | ||
Other benefits (costs) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 77,800,000 | 249,000,000 | 124,600,000 | |||||
Assets | 1,363,600,000 | ' | ' | ' | 882,200,000 | ' | ' | ' | 1,363,600,000 | 882,200,000 | ' | |||||
West [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 82,900,000 | 0 | 0 | |||||
Adjusted EBITDA [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Adjusted EBITDA | ' | ' | ' | ' | ' | ' | ' | ' | 27,700,000 | [1] | 0 | [1] | 0 | [1] | ||
Other benefits (costs) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 1,700,000 | 0 | 0 | |||||
Assets | 436,000,000 | [2] | ' | ' | ' | 0 | [2] | ' | ' | ' | 436,000,000 | [2] | 0 | [2] | ' | |
Operating Segments [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 1,481,900,000 | 1,002,200,000 | 940,700,000 | |||||
Adjusted EBITDA [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Adjusted EBITDA | ' | ' | ' | ' | ' | ' | ' | ' | 424,900,000 | 270,900,000 | 244,400,000 | |||||
Corporate and Other | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 6,000,000 | 600,000 | 100,000 | |||||
Adjusted EBITDA [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Adjusted EBITDA | ' | ' | ' | ' | ' | ' | ' | ' | -54,300,000 | [1] | -20,600,000 | [1] | -28,400,000 | [1] | ||
Other benefits (costs) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 73,700,000 | 13,400,000 | 21,100,000 | |||||
Assets | $1,049,100,000 | ' | ' | ' | $684,000,000 | ' | ' | ' | $1,049,100,000 | $684,000,000 | ' | |||||
[1] | (b) Our South segment consists of Ameristar Vicksburg located in Mississippi, Boomtown Bossier City located in Louisiana, Boomtown New Orleans located in Louisiana, L'Auberge Baton Rouge located in Louisiana and L'Auberge Lake Charles located in Louisiana. | |||||||||||||||
[2] | (a) Our Midwest segment consists of Ameristar Council Bluffs located in Iowa, Ameristar East Chicago located in Indiana, Ameristar Kansas City located in Missouri, Ameristar St. Charles located in Missouri, Belterra located in Indiana, Belterra Park (formerly River Downs) located in Ohio and River City located in Missouri. |
Quarterly_Financial_Informatio2
Quarterly Financial Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||||
Revenues | $535,000 | $418,900 | $267,300 | $266,600 | $254,800 | $256,200 | $248,500 | $243,400 | $1,487,836 | $1,002,836 | $940,874 | ||||||||
Operating income (loss) | 69,800 | -15,200 | 17,900 | 31,900 | 22,900 | 32,700 | 38,800 | 42,300 | 104,387 | 136,695 | 127,266 | ||||||||
Income (loss) from continuing operations | 8,600 | -47,100 | -7,100 | -87,800 | -31,100 | 6,700 | 13,200 | -2,000 | -133,381 | -13,237 | 28,903 | ||||||||
Income (loss) from discontinued operations | 6,400 | -133,300 | 2,000 | 2,400 | -11,300 | -7,100 | -1,200 | 1,000 | -122,540 | -18,568 | -31,442 | ||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 15,000 | -180,400 | -5,100 | -85,400 | -42,400 | -400 | 12,000 | -1,000 | -255,921 | -31,805 | -2,539 | ||||||||
Loss attributable to non-controlling interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -51 | 0 | 0 | ||||||||
Net income (loss) | $15,000 | ($180,400) | ($5,100) | ($85,400) | ($42,400) | ($400) | $12,000 | ($1,000) | ($255,870) | ($31,805) | ($2,539) | ||||||||
Income (loss) from continuing operations | $0.15 | [1] | ($0.80) | [1] | ($0.12) | [1] | ($1.50) | [1] | ($0.53) | [1] | $0.11 | [1] | $0.21 | [1] | ($0.03) | [1] | ($2.27) | ($0.22) | $0.47 |
Income (loss) from discontinued operations, net of income taxes | $0.11 | [1] | ($2.27) | [1] | $0.03 | [1] | $0.04 | [1] | ($0.19) | [1] | ($0.11) | [1] | ($0.02) | [1] | $0.01 | [1] | ($2.09) | ($0.30) | ($0.51) |
Net income (loss)- basic | $0.26 | [1] | ($3.07) | [1] | ($0.09) | [1] | ($1.46) | [1] | ($0.72) | [1] | $0 | [1] | $0.19 | [1] | ($0.02) | [1] | ($4.36) | ($0.52) | ($0.04) |
Income (loss) from continuing operations | $0.14 | [1] | ($0.80) | [1] | ($0.12) | [1] | ($1.50) | [1] | ($0.53) | [1] | $0.11 | [1] | $0.21 | [1] | ($0.03) | [1] | ($2.27) | ($0.22) | $0.46 |
Income (loss) from discontinued operations, net of income taxes | $0.11 | [1] | ($2.27) | [1] | $0.03 | [1] | $0.04 | [1] | ($0.19) | [1] | ($0.11) | [1] | ($0.02) | [1] | $0.01 | [1] | ($2.09) | ($0.30) | ($0.50) |
Net income (loss)- diluted | $0.25 | [1] | ($3.07) | [1] | ($0.09) | [1] | ($1.46) | [1] | ($0.72) | [1] | $0 | [1] | $0.19 | [1] | ($0.02) | [1] | ($4.36) | ($0.52) | ($0.04) |
[1] | Net income (loss)Â per share calculations for each quarter is based on the weighted average number of shares outstanding during the respective periods; accordingly, the sum of the quarters may not equal the full-year income (loss)Â per share. |
Schedule_II_Valuation_and_Qual1
Schedule II Valuation and Qualifying Accounts (Details) (Allowance for Doubtful Accounts, USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Allowance for Doubtful Accounts | ' | ' | ' |
Movement in Valuation Allowances and Reserves [Roll Forward] | ' | ' | ' |
Beginning balance | $7,308 | $4,610 | $2,645 |
Additions | 2,190 | 3,766 | 2,932 |
Deductions | -4,320 | -1,068 | -967 |
Ending balance | $5,178 | $7,308 | $4,610 |