MTR Gaming 10-Q 11 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015
Document and Entity Information
Entity Registrant Name	MTR GAMING GROUP INC
Entity Central Index Key	834162
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	1,000
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$39,787	$60,650
Restricted cash	8,036	5,413
Accounts receivable, net of allowance for doubtful accounts of $154 in 2015 and $175 in 2014	2,006	2,912
Inventories	3,873	3,911
Prepaid expenses and other current assets	6,408	7,115
Total current assets	60,110	80,001
Property and equipment, net	278,475	283,191
Other intangible assets, primarily gaming licenses	469,404	471,339
Goodwill	66,826	66,826
Deposits and other	3,950	3,950
Non-operating real property	16,419	16,419
Total assets	895,184	921,726
Current liabilities:
Accounts payable	3,629	2,122
Accrued gaming taxes and assessments	4,908	10,346
Accrued payroll and related	4,958	4,785
Interest payable	10,746	26,865
Accrued other liabilities	20,138	17,205
Construction project and equipment liabilities	736	2,333
Deferred income taxes	1,474	1,474
Liabilities of discontinued operations	116	116
Total current liabilities	46,705	65,246
Long-term debt	608,090	610,827
Other regulatory gaming assessments	4,453	4,572
Deferred income taxes	147,698	145,054
Other long-term liabilities	2,461	2,439
Total liabilities	809,407	828,138
Stockholders' equity:
Additional paid-in capital	103,011	103,011
Accumulated deficit	-17,321	-9,510
Accumulated other comprehensive income (loss)	87	87
Total stockholders' equity	85,777	93,588
Total liabilities and stockholders' equity	$895,184	$921,726

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowance for doubtful accounts (in dollars)	$154	$175

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Operating revenues:
Gaming	$101,309
Pari-mutuel commissions	1,205
Food and beverage	7,717
Hotel	1,148
Other	2,464
Total revenues	113,843
Less-promotional allowances	-4,779
Net operating revenues	109,064
Operating expenses:
Gaming	62,233
Pari-mutuel commissions	1,696
Food and beverage	5,302
Hotel	337
Other	1,181
Marketing and promotions	3,254
General and administrative	15,949
Depreciation and amortization	10,539
Total operating expenses	100,491
(Gain) loss on the sale or disposal of property	-1
Strategic transaction costs	84
Operating (loss) income	8,490
Other income (expense):
Interest income	1
Interest expense	-13,399
Total other expense	-13,398
Loss before income taxes	-4,908
Provision for income taxes	-2,903
Net loss	-7,811
Predecessor
Operating revenues:
Gaming		106,950
Pari-mutuel commissions		1,280
Food and beverage		7,807
Hotel		1,188
Other		2,421
Total revenues		119,646
Less-promotional allowances		-4,818
Net operating revenues		114,828
Operating expenses:
Gaming		66,335
Pari-mutuel commissions		1,742
Food and beverage		4,731
Hotel		344
Other		1,366
Marketing and promotions		3,307
General and administrative		16,488
Depreciation and amortization		7,784
Total operating expenses		102,097
(Gain) loss on the sale or disposal of property		18
Strategic transaction costs		521
Operating (loss) income		12,192
Other income (expense):
Interest income		2
Interest expense		-17,390
Total other expense		-17,388
Loss before income taxes		-5,196
Provision for income taxes		-1,017
Net loss		($6,213)

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net loss	($7,811)
Defined benefit pension plan:
Comprehensive Loss, net of tax	-7,811
Predecessor
Net loss		-6,213
Defined benefit pension plan:
Change in unamortized net pension(1)		8	[1]
Comprehensive Loss, net of tax		($6,205)
[1]	In the Predecessor period, no tax expense or benefit was recognized on these amounts as a result of the Companybs cumulative loss position.

CONSOLIDATED_STATEMENTS_OF_COM1

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) (Predecessor, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Predecessor
Amortization of net actuarial gain, tax	$0

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net loss	($7,811)
Adjustments to reconcile net loss to net cash provided by operating activities :
Depreciation and amortization	10,539
Amortization of deferred financing fees and (premium) discount	-2,737
Provision (recovery) for bad debts	49
Change in fair value of acquisition related contingencies	16
Deferred income taxes	2,644
(Gain) loss on the sale or disposal of property	-1
Change in operating assets and liabilities:
Accounts receivable	857
Other current assets	745
Accounts payable	-3,933
Accrued liabilities	-13,007
Other regulatory gaming assessments	-117
Net cash provided by (used in) operating activities	-12,756
Cash flows from investing activities:
Increase in restricted cash	-2,623
Proceeds from the sale of property and equipment	2
Capital expenditures	-5,486
Net cash used in investing activities	-8,107
Cash flows from financing activities:
Net decrease in cash and cash equivalents	-20,863
Cash and cash equivalents, beginning of period	60,650
Cash and cash equivalents, end of period	39,787
Supplemental disclosure of cash flow information:
Interest paid	32,238
Predecessor
Cash flows from operating activities:
Net loss		-6,213
Adjustments to reconcile net loss to net cash provided by operating activities :
Depreciation and amortization		7,784
Amortization of deferred financing fees and (premium) discount		941
Provision (recovery) for bad debts		-4
Stock-based compensation expense		455
Change in fair value of acquisition related contingencies		18
Deferred income taxes		923
(Gain) loss on the sale or disposal of property		18
Change in operating assets and liabilities:
Accounts receivable		2,569
Other current assets		490
Accounts payable		-3,749
Accrued liabilities		-13,918
Other regulatory gaming assessments		-125
Incentive compensation		-816
Net cash provided by (used in) operating activities		-11,627
Cash flows from investing activities:
Increase in restricted cash		-1,502
Increase in deposits and other		31
Proceeds from the sale of property and equipment		1
Reimbursement of capital expenditures from West Virginia regulatory authorities		235
Capital expenditures		-2,808
Net cash used in investing activities		-4,043
Cash flows from financing activities:
Proceeds from exercise of stock options		264
Net decrease in cash and cash equivalents		-15,406
Cash and cash equivalents, beginning of period		100,124
Cash and cash equivalents, end of period		84,718
Supplemental disclosure of cash flow information:
Interest paid		$32,838

ORGANIZATION_AND_BASIS_OF_PRES

ORGANIZATION AND BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2015
ORGANIZATION AND BASIS OF PRESENTATION
ORGANIZATION AND BASIS OF PRESENTATION	NOTE 1—ORGANIZATION AND BASIS OF PRESENTATION
	Organization
	MTR Gaming Group, Inc. (the "Company" or "we" or "MTR"), a Delaware corporation and a wholly-owned subsidiary of Eldorado Resorts, Inc. ("ERI"), is a hospitality and gaming company that owns and operates racetrack, gaming and hotel properties in West Virginia, Pennsylvania and Ohio. The common shares of ERI are listed on the Nasdaq Stock Market.
	The Company, through its wholly-owned subsidiaries, owns and operates Mountaineer Casino, Racetrack & Resort in Chester, West Virginia ("Mountaineer"), Presque Isle Downs & Casino in Erie, Pennsylvania ("Presque Isle Downs"), and Scioto Downs in Columbus, Ohio. Scioto Downs, through its subsidiary RacelineBet, Inc., also operates Racelinebet.com, a national account wagering service that offers online and telephone wagering on horse races as a marketing affiliate of TwinSpires.com, an affiliate of Churchill Downs, Inc.
	In September 2013, we entered into a merger agreement to facilitate a business combination with Eldorado HoldCo LLC, a Nevada limited liability company ("Eldorado"), and formed several entities to facilitate the merger: Eclair Holdings Company, a Nevada corporation and wholly owned subsidiary of the Company ("NewCo"), Ridgeline Acquisition Corp., a Delaware corporation and wholly owned subsidiary of NewCo ("Merger Sub A"), and Eclair Acquisition Company, LLC, a Nevada limited liability company and wholly owned subsidiary of NewCo ("Merger Sub B"). These entities had no assets or operations for the three months ended March 31, 2014.
	On September 19, 2014 (the "Acquisition Date"), MTR merged with and into Merger Sub A, with MTR surviving the merger (the "MTR Merger"), and Eldorado merged with and into Merger Sub B, with Eldorado surviving the merger (the "Eldorado Merger" and, together with the MTR Merger, the "Mergers"). As a result of the Mergers, NewCo became the holding company for the Company and Eldorado and was renamed "Eldorado Resorts, Inc."
	Basis of Presentation
	The Mergers were accounted for as a reverse acquisition of the Company by Eldorado under accounting principles generally accepted in the United States. Under the acquisition method of accounting, Eldorado is treated as the accounting acquirer and the Company is treated as the legal acquirer, resulting in the Company applying fair value accounting to its assets and liabilities as of the Acquisition Date. Accordingly, the consolidated financial statements and the notes to the consolidated financial statements are presented in two distinct periods, "Predecessor" and "Successor," which relate to the accounting periods preceding and succeeding the completion of the Mergers. The Predecessor and Successor periods have been separated by a vertical line to highlight the fact that the financial information for such periods has been prepared under two different historical-cost basis of accounting and are not comparable. In addition, the accompanying consolidated financial statements for the Successor period were prepared to conform to the financial statement presentation of Eldorado. We have reclassified certain amounts for the prior year to conform to the Successor presentation. These reclassifications, as detailed below, had no impact on income from operations or net income as previously reported.
	The accompanying unaudited consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included herein. The results of operations for these interim periods are not necessarily indicative of the operating results for other quarters, for the full year or for any future period. All significant intercompany accounts and transactions have been eliminated in consolidation. We view each operating property as an operating segment and all operating segments have been aggregated into one reportable segment.
	These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014.
	Earnings per share information has not been presented because the Company's stock is no longer publicly traded.
	Reclassifications
	The following table includes the reclassifications to the consolidated statements of operations for the Predecessor period. The reclassifications had no impact on income from operations or net income as previously reported.
		Three Months Ended
		March 31, 2014
		(in thousands)
	Hotel revenues were reclassified from food, beverage and lodging revenues to their own financial statement line item	$	1,188
	Hotel expenses were reclassified from food, beverage and lodging expense to their own financial statement line item		377
	Utility expenses were reclassified from gaming, pari-mutuel, food and beverage, hotel, other, marketing and promotions to general and administrative expenses		682
	Surveillance expenses were reclassified from general and administrative expenses to gaming expenses		610
	Reservation expenses were reclassified from other expenses to hotel expenses		62
	Hotel housekeeping expenses were reclassified from general and administrative expenses to hotel expenses		504
	Cost of providing food and beverage complimentary services were reclassified from food and beverage expense to gaming expense		2,138
	Cost of providing hotel complimentary services were reclassified from hotel expense to gaming expense		399
	Cost of providing other complimentary services were reclassified from other expense to gaming expense		93
	Recently Issued Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-9, "Revenue from Contracts with Customers", which provides guidance for revenue recognition. The new standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard is designed to create greater comparability for financial statement users across industries and jurisdictions and also requires enhanced disclosures. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption effective for fiscal years, and interim periods within those years, beginning after December 15, 2016 is permitted. We are currently evaluating the impact of the adoption of ASU 2014-09 on our consolidated financial statements.

MERGER_AND_PURCHASE_ACCOUNTING

MERGER AND PURCHASE ACCOUNTING	3 Months Ended
	Mar. 31, 2015
MERGER AND PURCHASE ACCOUNTING
MERGER AND PURCHASE ACCOUNTING	NOTE 2—MERGER AND PURCHASE ACCOUNTING
	On September 19, 2014, the Company and Eldorado combined their businesses through the Mergers, as defined above, consummated pursuant to the Agreement and Plan of Merger, dated as of September 9, 2013, as amended on November 18, 2013, February 13, 2014 and May 13, 2014, by and among MTR, Eldorado, NewCo and certain affiliates of NewCo and Eldorado (the "Merger Agreement").
	Pursuant to the Merger Agreement, upon completion of the MTR Merger, subject to proration, each outstanding share of the Company's common stock, par value $0.00001 per share, was converted into the right to elect to receive either $6.05 per share in cash or one share of ERI's common stock, par value $0.00001 per share. Pursuant to the proration procedures provided in the Merger Agreement, former MTR shareholders received (in the aggregate) a cash payment of $35.0 million (of which $30.0 million was funded by MTR and $5.0 million by Eldorado).
	Consideration Transferred
	The purchase consideration in a reverse acquisition is determined with reference to the value of equity that the accounting acquirer, Eldorado, would have had to issue to the owners of the accounting acquiree, MTR, to give them the same percentage interest in the combined entity. However, in reverse acquisitions that occur between a public company as the legal acquirer and a private company as the accounting acquirer, the fair value of the legal acquirer's publicly traded stock generally is a more reliable determination of the fair value than the fair value of the accounting acquirer's untraded equity securities, and, as such, is generally used in calculating the purchase consideration. Accordingly, the following table provides the calculation of the purchase price, which was calculated using the fair value of MTR's common stock, based on the closing stock price of $4.43 on the Acquisition Date, as well as a reconciliation of the total shares outstanding as of the Acquisition Date.
	ERI Outstanding Share Calculation
	Shares Issued to Eldorado(i)			23,286,202
	Number of MTR shares outstanding at the Acquisition Date(ii)			28,386,084
	MTR RSUs that vested upon closing of the Mergers(iii)			499,179
	Total ERI shares outstanding—before share repurchase			52,171,465
	MTR shares acquired at $6.05 per share based on $35.0 million cash election			(5,785,123	)
	Total ERI shares outstanding at Acquisition Date(iv)			46,386,342
	Eldorado % ownership			50.2	%
	MTR % ownership			49.8	%
	Consideration Transferred (dollars in thousands, except stock price)
	Number of MTR shares outstanding at the Acquisition Date			28,386,084
	MTR RSUs that vested upon closing of the Mergers			499,179
	MTR shares acquired at $6.05 per share based on $35.0 million cash election			(5,785,123	)
	Total net MTR shares			23,100,140
	FMV of MTR common stock at Acquisition Date		$	4.43
	Fair Value of MTR shares		$	102,334
	Fair Value of MTR stock options(iii)			677
	Total consideration transferred		$	103,011
	(i)	The number of shares issued to members of Eldorado in the Mergers as merger consideration was determined pursuant to terms of the Merger Agreement. The shares have been adjusted based upon the final review, as defined in the Merger Agreement. As a result, 25,290 escrow shares previously issued were returned to Authorized and Unissued prior to December 31, 2014.
	(ii)	Number of shares of MTR common stock issued and outstanding immediately prior to closing.
	(iii)	Pursuant to the MTR 2010 Long-Term Incentive Plan, immediately prior to closing, all outstanding stock options and MTR RSUs vested and became immediately exercisable. All vested MTR RSUs were exchanged for one share of ERI common stock. All outstanding stock options became exercisable for shares of ERI common stock with the same terms as the previous awards.
	(iv)	The number of shares issued and outstanding, after settlement of the escrow shares, as determined pursuant to the terms of the Merger Agreement.
	Final Purchase Price Allocation
	The following table summarizes the final allocation of the purchase price to the tangible and identifiable intangible assets acquired and liabilities assumed at the Acquisition Date. The fair values are based on management's analysis, including final work performed by third-party valuation specialists.
	Goodwill, the excess of the purchase price over the fair market value of the net assets acquired, in the amount of $66.8 million, was recorded as of the Acquisition Date. The Company considers the goodwill to represent benefits that are expected to be realized as a result of the Mergers, including, but not limited to, the expected synergies and the assembled workforce. None of the goodwill is expected to be deductible for tax purposes.
	The following table summarizes the final purchase price allocation of the acquired assets and assumed liabilities as recorded at fair value on the Acquisition Date (dollars in thousands):
	Current and other assets		$	75,031
	Property and equipment			289,211
	Goodwill			66,826
	Intangible assets(1)			473,000
	Other noncurrent assets			20,381
	Total assets			924,449
	Current liabilities			46,446
	Long term debt(2)			624,877
	Deferred income taxes(3)			143,104
	Other noncurrent liabilities			7,011
	Total liabilities			821,438
	Net assets acquired		$	103,011
	-1	Intangible assets consist of gaming licenses, trade names, and customer loyalty programs.
	-2	Long term debt was comprised of MTR's $570.7 million 11.5% Senior Secured Second Lien Notes due August 2019.
	-3	Deferred tax liabilities were derived based on fair value adjustments for property and equipment, identified intangibles, deferred financing costs, certain long term liabilities and long term debt.
	Pro Forma Information
	The following table includes the unaudited pro forma results for the three months ended March 31, 2014, which gives effect to the Mergers as if they had occurred on January 1, 2013 and reflect pro forma adjustments that are expected to have a continuing impact on the results of operations and are directly attributable to the acquisition.
			Three Months
			Ended
			March 31,
			2014
			(in thousands)
	Net revenues		$	114,828
	Net loss		$	(2,326	)

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2015
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 3—FAIR VALUE MEASUREMENTS
	ASC 820, Fair Value Measurements and Disclosures, provides guidance for measuring the fair value of assets and liabilities and requires expanded disclosures about fair value measurements. ASC 820 indicates that fair value should be determined based on the assumptions marketplace participants would use in pricing the asset or liability and provides additional guidelines to consider in determining the market-based measurement.
	ASC 820 requires fair value measurements be classified and disclosed in one of the following categories:
	Level 1:		Unadjusted quoted market prices for identical assets and liabilities.
	Level 2:	Inputs other than Level 1 that are observable, either directly or indirectly, for the asset or liability through corroboration with market data for substantially the full term of the asset or liability.
	Level 3:	Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities (management's own assumptions about what market participants would use in pricing the asset or liability at the measurement date).
	Cash equivalents:    Cash equivalents include investments in money market funds. Investments in this category can be redeemed immediately at the current net asset value per share. A money market fund is a mutual fund whose investments are primarily in short-term debt securities designed to maximize current income with liquidity and capital preservation, usually maintaining per share net asset value at a constant amount, such as one dollar. The carrying amounts approximate fair value because of the short maturity of these instruments.
	Acquisition-related contingent considerations:    Contingent consideration related to the July 2003 acquisition of Scioto Downs represents the estimate of amounts to be paid to former shareholders of Scioto Downs under certain earn-out provisions. We consider the acquisition related contingency's fair value measurement, which includes forecast assumptions, to be Level 3 within the fair value hierarchy.
	The following table presents assets and liabilities measured at fair value on a recurring basis at March 31, 2015 and December 31, 2014:
			March 31, 2015
	Description		(Level 1)		(Level 2)		(Level 3)		Total
			(in thousands)
	Assets
	Cash equivalents		$	81	$	—	$	—	$	81
	Total assets		$	81	$	—	$	—	$	81
	Liabilities
	Acquisition-related contingent considerations		$	—	$	—	$	546	$	546
	Total liabilities		$	—	$	—	$	546	$	546
			December 31, 2014
	Description		(Level 1)		(Level 2)		(Level 3)		Total
			(in thousands)
	Assets
	Cash equivalents		$	5,680	$	—	$	—	$	5,680
	Total assets		$	5,680	$	—	$	—	$	5,680
	Liabilities
	Acquisition-related contingent considerations		$	—	$	—	$	524	$	524
	Total liabilities		$	—	$	—	$	524	$	524
	The following table represents the change in acquisition-related contingent consideration liabilities during the three months ended March 31, 2015 (in thousands):
	Balance as of December 31, 2014		$	524
	Amortization of present value discount(1)			16
	Fair value adjustment for change in consideration expected to be paid(2)			6
	Balance as of March 31, 2015		$	546
	-1	Changes in present value are included as a component of interest expense in the consolidated statement of operations.
	-2	Fair value adjustments for changes in earn-out estimates are included in general and administrative expense in the consolidated statements of operations.
	The carrying amounts for cash, trade accounts receivable, and trade accounts payable approximate their respective fair values based on the short-term nature of these instruments. The fair value of the Notes (see Note 8) was $608.3 million at March 31, 2015 compared to a carrying value of $608.1 million at March 31, 2015. The fair value of the Notes was $606.9 million at December 31, 2014 compared to a carrying value of $610.8 million at December 31, 2014. The fair values of our Notes were determined based on Level 2 inputs including quoted market prices and bond terms and conditions.

NONOPERATING_REAL_PROPERTY

NON-OPERATING REAL PROPERTY	3 Months Ended
	Mar. 31, 2015
NON-OPERATING REAL PROPERTY
NON-OPERATING REAL PROPERTY	NOTE 4—NON-OPERATING REAL PROPERTY
	We have designated certain assets, consisting principally of land and undeveloped properties, as non-operating real property and declared our intent to sell those assets. No less than annually, we obtain independent appraisals of the fair value of these assets. In connection with the Mergers, as discussed in Note 2, the non-operating real properties were adjusted to fair value on the Acquisition Date.
	Although we continue to actively market these properties for sale, we do not anticipate that we will be able to sell the majority of the assets within the next twelve months. As such, these properties are not classified as held- for-sale as of March 31, 2015. These properties are included in non-operating real properties in our consolidated balance sheets as of March 31, 2015 and December 31, 2014.

GOODWILL_AND_OTHER_INTANGIBLES

GOODWILL AND OTHER INTANGIBLES ASSETS	3 Months Ended
	Mar. 31, 2015
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS	NOTE 5—GOODWILL AND OTHER INTANGIBLES ASSETS
	The gross carrying value, accumulated impairment and net carrying value of each major component of our goodwill and other intangible assets is as follows:
		March 31, 2015
		Gross		Accumulated			Net		Weighted
		Carrying		Amortization			Carrying		Average
		value					Value		Remaining
									Amortization
									Period
		(in thousands)							(in years)
	Goodwill	$	66,826	$	—		$	66,826		N/A
	Gaming licenses (indefinite-lived)		461,500		—			461,500		N/A
	Trade names		6,700		(1,025	)		5,675		3
	Customer loyalty programs		4,800		(2,571	)		2,229		0.5
	Total goodwill and other intangible assets	$	539,826	$	(3,596	)	$	536,230
		December 31, 2014
		Gross		Accumulated			Net		Weighted
		Carrying		Amortization			Carrying		Average
		value					Value		Remaining
									Amortization
									Period
		(in thousands)							(in years)
	Goodwill	$	66,826	$	—		$	66,826		N/A
	Gaming licenses (indefinite-lived)		461,500		—			461,500		N/A
	Trade names		6,700		(547	)		6,153		3.2
	Customer loyalty programs		4,800		(1,114	)		3,686		0.7
	Total goodwill and other intangible assets	$	539,826	$	(1,661	)	$	538,165
	As a result of the Mergers, the Company recorded goodwill which has an aggregate carrying value of $66.8 million as of March 31, 2015.
	Goodwill is tested by comparing the carrying value of the reporting unit to its fair value. The Company estimates the fair value of the reporting unit utilizing income and market approaches. The income approach is based on a reporting unit's projection of operating results and cash flows that is discounted using a weighted-average cost of capital. The market approach is based on the Company's market capitalization at the testing date.
	Mountaineer, Presque Isle Downs and Scioto Downs are each required to maintain gaming and racing licenses (collectively "Gaming Licenses") to operate. The value of the Gaming Licenses increased from $136.1 million, which reflected the purchase price allocation from the Scioto Downs business combination in 2003 and the original cost of the regulatory license fees before any facility was operational, to $461.5 million, which reflects the fair value of the licenses calculated as of the Acquisition Date. The gaming and racing licenses of each property were valued in aggregate for each respective property, as these licenses are considered to be the most significant asset of the properties and the gaming licenses could not be obtained without holding the racing licenses. Therefore, a market participant would consider the licenses in aggregate. Gaming License rights are not subject to amortization as the Company has determined that they have an indefinite useful life.
	Assessing the other indefinite-lived intangible assets for impairment is a process that requires significant judgment and involves detailed quantitative and qualitative business-specific analysis and many individual assumptions which fluctuate between assessments. Our properties' estimated future cash flows are a primary assumption in the respective impairment analyses. Unforeseen events, changes in circumstances and market conditions and material differences in estimates of future cash flows could negatively affect the fair value of our assets and result in an impairment charge, which could be material. Cash flow estimates include assumptions regarding factors such as recent and budgeted operating performance, net win per unit (revenue), patron visits, growth percentages which are developed considering general macroeconomic conditions as well as competitive impacts from current and anticipated competition through a review of customer market data, operating margins, and current regulatory, social and economic climates. These estimates could also be negatively impacted by changes in federal, state, or local regulations, economic downturns or developments and other market conditions affecting travel and access to the properties. The most significant of the assumptions used in our valuations include: (1) revenue growth/decline percentages; (2) discount rates; (3) effective income tax rates; (4) future terminal values and (5) capital expenditure assumptions. These assumptions were developed for each property based on historical trends, the current competitive markets in which they operate, and projections of future performance and competition. No impairment charges were recorded for our other indefinite-lived intangible assets in any of the periods presented.
	In addition, the Company recorded other intangible assets for the fair value of the trade names and customer loyalty programs in connection with the Mergers. Trade names are amortized on a straight-line basis over a 3.5 year useful life and the customer loyalty program is amortized on a straight-line basis over a one year useful life. The Company incurred amortization expense of $1.9 million during the three months ended March 31, 2015 (Successor) which is included in depreciation and amortization in the consolidated statements of operations. We did not have any amortization expense during the Predecessor period. Based upon the amortizable intangible assets as of March 31, 2015, the estimated aggregate future amortization expense is $3.7 million for the remainder of 2015, $1.9 million for the year ended December 31, 2016, $1.9 million for the year ended December 31, 2017 and $0.4 million for the year ended December 31, 2018.
	We believe we have used reasonable estimates and assumptions to calculate the fair value of our goodwill and other indefinite-lived intangible assets; however, these estimates and assumptions could be materially different from actual results. If actual market conditions are less favorable than those projected, or if events occur or circumstances change that would reduce the fair value of our licensing intangibles below the carrying value reflected on the consolidated balance sheet, we may be required to conduct an interim test or possibly recognize impairment charges, which may be material, in future periods.

EQUITY_AWARDS_AND_OTHER_INCENT

EQUITY AWARDS AND OTHER INCENTIVE COMPENSATION	3 Months Ended
	Mar. 31, 2015
EQUITY AWARDS AND OTHER INCENTIVE COMPENSATION
EQUITY AWARDS AND OTHER INCENTIVE COMPENSATION	NOTE 6—EQUITY AWARDS AND OTHER INCENTIVE COMPENSATION
	We account for stock-based compensation in accordance with ASC 718, Compensation—Stock Compensation, and the amounts are included in general and administrative expenses in our consolidated statements of operations.
	The total incentive-based compensation expense was as follows (in thousands):
		Successor					Predecessor
		Three Months					Three Months
		Ended March 31,					Ended March 31,
		2015					2014
	Stock-based compensation expense	$	—				$	402
	Performance award compensation expense		—					53
	Prior to the Mergers, nonqualified stock options ("Stock Options"), restricted stock units ("RSUs") and cash-based performance awards ("Performance Awards") were approved by the Compensation Committee of the Board of Directors and were granted to executive officers, certain key employees and nonemployee members of the Board of Directors ("BOD") as permitted under the 2010 Long-Term Incentive Plan ("2010 Plan").
	In connection with the Mergers, any unvested awards granted pursuant to the 2010 Plan vested upon the Acquisition Date, and both vested and unvested equity awards granted under the 2010 Plan were converted into the right to receive shares of ERI common stock, or were exchanged for, or settled in, shares of ERI stock. As a result, immediately prior to the Mergers, all unrecognized compensation was immediately recognized as an expense.
	Specifically, each Stock Option or other right to acquire common stock granted under the 2010 Plan outstanding immediately prior to the completion of the Mergers, whether vested or unvested, automatically became, after the completion of the Mergers, an option or right to purchase the same number of shares of ERI common stock as the number of shares of common stock that were subject to such Stock Option immediately prior to the completion of the Mergers. The exercise price per share of ERI common stock subject to any such Stock Option at and after the completion of the Mergers is equal to the exercise price per share of common stock subject to such Stock Option immediately prior to the completion of the Mergers. All other terms, except vesting requirements, applicable to such Stock Option will remain the same.
	Each RSU in respect of a share of MTR common stock that was outstanding under the 2010 Plan immediately prior to the completion of the Mergers was, as of the completion of the Mergers, settled in the same number of shares of common stock of ERI (without any right to make a cash/stock election), subject to shares withheld to satisfy tax withholding, as the number of shares of MTR common stock that were subject to such RSU immediately prior to the completion of the Mergers. Upon consummation of the Mergers, all outstanding RSUs became fully vested and, as a result, are no longer subject to vesting requirements, lapse, or other restrictions.
	All Performance Awards granted under the terms of the 2010 Plan vested and were paid by the Company upon the closing of the Mergers. The payment was recognized as a pre-acquisition expense of the Company and was recorded within general and administrative expense within the consolidated statement of operations. There are no remaining Performance Award obligations.
	A summary of the Predecessor period Stock Option activity for the three months ended March 31, 2014 is as follows:
		Options			Range of		Weighted-Average			Weighted-			Aggregate
					Exercise		Exercise Price			Average			Intrinsic
					Prices					Remaining			Value
										Contractual Life
										(in years)			(in millions)
	Outstanding—December 31, 2013		852,000		$2.32 - 16.27		$	5.14			6.81
	Granted		—		—			—
	Exercised		(119,446	)	$2.32 - 3.94			2.62
	Expired		—		—			—
	Forfeited		(92,799	)	$2.44 - 3.94			3.23
	Outstanding—March 31, 2014		639,755		$2.32 - 16.27		$	5.89			6.11		$	1
	Exercisable at March 31, 2014		505,043		$2.32 - 16.27		$	6.6			5.55		$	0.8
	Cash received from the exercise of stock options was $0.3 million for the three months ended March 31, 2014. The Company did not recognized a tax benefit from the stock option exercises as the Company is in a net operating loss carryforward.
	A summary of the Predecessor period RSU activity for the three months ended March 31, 2014 is as follows:
		RSUs			Weighted-Average			Weighted-			Aggregate
					Grant Date			Average			Fair Value
					Fair Value			Remaining
								Contractual Life
								(in years)			(in millions)
	Unvested outstanding as of December 31, 2013		223,100		$	2.85			1.65		$	1.2
	Granted		85,100			5.26
	Vested		(84,500	)		3.06
	Forfeited		(36,600	)		2.53
	Unvested outstanding as of March 31, 2014		187,100		$	4.05			2.53		$	1

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2015
INCOME TAXES
INCOME TAXES	NOTE 7—INCOME TAXES
	The Company will be included in the consolidated federal, state and local income tax returns filed by ERI. The allocation of the Company's share of ERI's consolidated income tax expense is determined under the separate return method. Under this method, the Company determines its income tax provision as if the Company filed a separate income tax return. The Company does not have tax sharing agreements with the other members within the consolidated ERI group.
	The Company estimates an annual effective income tax rate based on projected results for the year and applies this rate to income before taxes to calculate income tax expense. Any refinements made due to subsequent information that affects the estimated annual effective income tax rate are reflected as adjustments in the current period.
	The income tax provision results in an effective tax rate that has an unusual relationship to the Company's pretax loss. This is due to the federal and state valuation allowances on the Company's deferred tax assets as discussed below.
	The difference between the effective rate and the statutory rate is attributed primarily to the federal and state valuation allowances on our deferred tax assets as discussed below. As a result of our net operating losses and the net deferred tax asset position (after exclusion of certain deferred tax liabilities that generally cannot be offset against deferred tax assets, known as "Naked Credits"), we expect to continue to provide for a full valuation allowance against substantially all of our net federal and state deferred tax assets.
	For income tax purposes we amortize or depreciate certain assets that have been assigned an indefinite life for book purposes. The incremental amortization or depreciation deductions for income tax purposes result in an increase in certain deferred tax liabilities that cannot be used as a source of future taxable income for purposes of measuring our need for a valuation allowance against the net deferred tax assets. Therefore, we expect to record non cash deferred tax expense as we amortize these assets for tax purposes.
	During the three months ended March 31, 2015 and 2014, our tax expense was $2.9 million and $1.0 million, respectively. As of March 31, 2015, there are no unrecognized tax benefits and we do not expect a significant increase or decrease to the total amounts of unrecognized tax benefits within the next twelve months.

LONGTERM_DEBT

LONG-TERM DEBT	3 Months Ended
	Mar. 31, 2015
LONG-TERM DEBT
LONG-TERM DEBT	NOTE 8—LONG-TERM DEBT
	Long-term debt obligations are summarized as follows:
		Successor			Successor
		March 31,			December 31,
		2015			2014
		(in thousands)
	11.5% Senior Secured Second Lien Notes	$	560,664		$	560,664
	Unamortized premium		47,426			50,163
		$	608,090		$	610,827
	Senior Secured Second Lien Notes
	On August 1, 2011, we completed the offering of $565.0 million 11.5% Senior Secured Second Lien Notes (the "Notes") due August 1, 2019 at an issue price equal to 97% of the aggregate principal amount of the Notes. The Notes mature on August 1, 2019, with interest payable semi-annually in arrears on February 1 and August 1 of each year. The Notes were issued pursuant to an indenture, dated as of August 1, 2011 (the "Indenture"), among the Company, Mountaineer Park, Inc., Presque Isle Downs, Inc., Scioto Downs, Inc. (each, a wholly-owned subsidiary of the Company and as a guarantor, the "Guarantors") and Wilmington Trust, National Association, as Trustee and as Collateral Agent.
	The Notes and the guarantees thereof are senior secured obligations and are jointly and severally, fully, and unconditionally guaranteed by the Company's current and future domestic restricted subsidiaries, other than the Company's immaterial subsidiaries. The Notes are secured by a second priority lien on substantially all of the assets of the Company and the Guarantors, other than excluded property, as defined in the Indenture. The Notes and the guarantees are effectively junior to any of the Company's and the Guarantors' existing and future debt that is secured by senior or prior liens on the collateral, including indebtedness under the Company's senior secured revolving credit facility, as discussed below, to the extent of the value of the collateral securing such obligations.
	The Indenture contains a number of customary covenants, including limitations on restricted payments and investments, additional liens, transactions with affiliates, additional debt, dispositions of property, mergers and similar transactions, and events of default. In addition, if the consolidated total debt ratio of the Company is equal to or greater than 4.0 to 1.0 and such offer is permitted pursuant to the terms of the Company's credit facilities, the Company is required to repay debt under its credit facility or make an offer to purchase Notes with the excess cash flow amounts (as such term is defined in the). As of March 31, 2015, the Company was in compliance with the covenants under the Indenture.
	The Company may redeem some or all of the Notes prior to August 1, 2015 at a redemption price of 100% of the principal amount thereof plus a "make whole premium" together with accrued and unpaid interest thereon. On or after August 1, 2015, the Company may redeem the Notes at the following redemption prices (expressed as a percentage of principal amount) plus any accrued and unpaid interest thereon:
	Year beginning August 1,	Percentage
	2015		106.000	%
	2016		103.000	%
	2017 and thereafter		100.000	%
	In October 2014, the Company repurchased $10.0 million in aggregate principle amount of the Notes, at a price of $110.25 per $100 in principal amount of the purchased notes.

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE LOSS	3 Months Ended
	Mar. 31, 2015
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS	NOTE 9—ACCUMULATED OTHER COMPREHENSIVE LOSS
	The Company's accumulated other comprehensive loss as of March 31, 2015 of $0.1 million is related to the Scioto Downs defined benefit pension plan. There was no change in accumulated other comprehensive loss during the three months ended March 31, 2015.
	Amounts reclassified from accumulated other comprehensive loss are limited to the amortization of actuarial losses, which are a component of net periodic benefit cost. These reclassifications are included as a component of general and administrative expense in the accompanying consolidated statement of operations.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2015
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 10—COMMITMENTS AND CONTINGENCIES
	Litigation
	We are a party to various lawsuits, which have arisen in the normal course of our business. Estimated losses are accrued for these lawsuits and claims when the loss is probable and can be estimated. The current liability for the estimated losses associated with those lawsuits is not material to our consolidated financial condition and those estimated losses are not expected to have a material impact on our results of operations.
	On April 17, 2010, Presque Isle Downs, Inc. initiated legal action in the Court of Common Pleas of Erie County, Pennsylvania, against defendants Dwayne Cooper Enterprises, Inc. ("DCE"), Turner Construction Company ("Turner"), and Rectenwald Buehler Architects, Inc. f/k/a Weborg Rectenwald Buehler Architects, Inc. ("RB") to recover damages arising out of failures of the surveillance system installed during the original construction of the casino facilities at Presque Isle Downs. DCE supplied and installed the surveillance system, RB acted as the project architect, and Turner served as the construction manager on the project. Shortly after Presque Isle Downs opened on February 28, 2007, it discovered that certain components of the surveillance system were defective, malfunctioning or missing. After efforts to remediate the deficiencies in the system were unsuccessful, it became necessary to replace certain components of the surveillance system at a cost of $1.9 million, and to write-off approximately $1.5 million related to the net book value of the equipment that was replaced. On April 5, 2011, Presque Isle Downs obtained a default judgment against DCE in the amount of $2.7 million. Efforts to enforce the judgment against DCE are ongoing but the assets of DCE appear to be modest and materially insufficient to pay the judgment. Any proceeds that may be received will be recorded as the amounts are realized. Defendant RB joined five additional vendors/subcontractors as additional defendants in the case. Each of the defendants and all but one of the additional defendants filed motions or objections requesting that the Court dismiss the claims against it. After these motions and objections were denied and the parties engaged in limited discovery, the parties agreed to submit the case to mediation. The mediation occurred on February 10, 2015, and resulted in an agreement under which the sum of $0.7 million would be paid to Presque Isle Downs, Inc. in exchange for a general release of the defendants (except DCE) and the additional defendants. A draft settlement agreement has been prepared and is currently under review by all parties. It is anticipated the settlement will be concluded and the case voluntarily dismissed by June 30, 2015.
	On October 21, 2011, the Ohio Roundtable filed a complaint in the Court of Common Pleas in Franklin County, Ohio against a number of defendants, including the Governor, the Ohio Lottery Commission and the Ohio Casino Control Commission. The complaint alleges a variety of substantive and procedural defects relative to the approval and implementation of video lottery terminals as well as several counts dealing with the taxation of standalone casinos. As interveners, we, along with four of the other racinos in Ohio, filed motions for judgment on the pleadings to supplement the position of the Racing Commission. In May 2012, the Court of Common Pleas dismissed the case; however, the plaintiffs filed an appeal and oral arguments were held on January 17, 2013 in the 10th District Court of Appeals. In March 2013, the Court of Appeals upheld the ruling. The decision of the Appeals Court was appealed to the Ohio Supreme Court by the plaintiffs on April 30, 2013 and the Ohio Supreme Court has elected to accept the appeal. The Ohio Supreme Court temporarily stayed the appeal until it first ruled on a matter with similar procedural issues. A decision was issued on that case on June 10, 2014. Accordingly, along with the State Appellees, a motion to dismiss as improvidently granted was filed which was partially granted. The remaining propositions of law have been briefed by both parties and oral argument is scheduled for June 23, 2015.
	Environmental Remediation
	In October 2004, we acquired 229 acres of real property, known as the International Paper site, as an alternative site to build Presque Isle Downs. In connection with our acquisition of the International Paper site, we entered into a consent order and decree (the "Consent Order") with the PaDEP and International Paper insulating us from liability for certain pre-existing contamination, subject to compliance with the Consent Order, which included a proposed environmental remediation plan for the site, which was tied specifically to the use of the property as a racetrack. The proposed environmental remediation plan in the Consent Order was based upon a "baseline environmental report" and management estimated that such remediation would be subsumed within the cost of developing the property as a racetrack. The racetrack was never developed at this site. In October 2005, we sold approximately 205 acres to GEIDC who assumed primary responsibility for the remediation obligations under the Consent Order relating to the property they acquired. However, we were advised by the PaDEP that we were not released from our liability and responsibility under the Consent Order. We also purchased an Environmental Risk Insurance Policy in the amount of $10.0 million with respect to the property, which expires in October 2015. We believe the insurance coverage is in excess of any exposure that we may have in this matter.
	Regulatory Gaming Assessments
	The Pennsylvania Gaming Control Board (the "PGCB"), the Pennsylvania Department of Revenue and the Pennsylvania State Police (collectively "the Borrowers"), were required to fund the costs they incurred in connection with the initial development of the infrastructure to support gaming operations in Pennsylvania as well as the initial ongoing costs of the Borrowers. The initial funding of these costs was provided from a loan from the Pennsylvania General Fund in the amount of approximately $36.1 million, and further funding was provided from additional loans from the Pennsylvania Property Tax Reserve Fund in the aggregate amount of approximately $63.8 million.
	The Pennsylvania Department of Revenue will assess all licensees, including Presque Isle Downs, their proportionate share of amounts represented by the borrowings, which are in the aggregate amount of $99.9 million, once the designated number of Pennsylvania's slot machine licensees is operational. On July 11, 2011, the PGCB issued an administrative order which established that payments associated with the $63.8 million that was borrowed from the Property Tax Reserve Fund would commence on January 1, 2012. The repayment allocation between all current licensees is based upon equal weighting of (i) cumulative gross slot revenue since inception in relation to the combined cumulative gross slot revenue for all licensees and (ii) single year gross slot revenue (during the state's fiscal year ending June 30) in relation to the combined single year gross slot revenue for all licensees; and amounts paid each year will be adjusted annually based upon changes in the licensee's proportionate share of gross slot revenue. We have estimated that our total proportionate share of the aggregate $63.8 million to be assessed to the gaming facilities will be approximately $4.2 million and will be paid quarterly over a ten-year period, which began effective January 1, 2012. For the $36.1 million that was borrowed from the General Fund, payment is scheduled to begin after all fourteen licensees are operational. Although we cannot determine when payment will begin, we have considered a similar repayment model for the General Fund borrowings and estimated that our total proportionate share of the aggregate $36.1 million to all fourteen gaming facilities will approximate $2.2 million, which has been accrued in our consolidated balance sheets at March 31, 2015 and December 31, 2014.
	The recorded estimate is subject to revision based upon future changes in the revenue assumptions utilized to develop the estimate. Our estimated total obligation at March 31, 2015 and December 31, 2014 was $4.9 million and $5.0 million, respectively, and is accrued in the respective accompanying consolidated balance sheets. As of and during the three months ended March 31, 2015, our total estimated liability increased as a result of changes in the forecasted assumptions utilized in the model by $20,000 and was recognized in gaming operating expenses. The Company paid $0.1 million and $0.1 million during the three months ended March 31, 2015 (Successor) and 2014 (Predecessor), respectively.

SEGMENT_INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2015
SEGMENT INFORMATION
SEGMENT INFORMATION	NOTE 11—SEGMENT INFORMATION
	The Company, through our wholly owned subsidiaries, owns and operates Mountaineer Casino, Racetrack & Resort in Chester, West Virginia, Presque Isle Downs & Casino in Erie, Pennsylvania, and Scioto Downs in Columbus, Ohio. Scioto Downs, through its subsidiary RacelineBet, Inc., also operates Racelinebet.com. Management reviews our operations on a property-by-property basis. Therefore we believe that each property is an operating segment. Based on the similar geographic and economic characteristics of our properties, we believe it is appropriate to aggregate Mountaineer, Presque Isle Downs and Scioto Downs into one reportable segment.

RELATED_PARTY

RELATED PARTY	3 Months Ended
	Mar. 31, 2015
RELATED PARTY
RELATED PARTY	NOTE 12—RELATED PARTY
	We paid ERI $1.8 million for allocated corporate general and administrative costs incurred during the three months ended March 31, 2015.

ORGANIZATION_AND_BASIS_OF_PRES1

ORGANIZATION AND BASIS OF PRESENTATION (Tables)	3 Months Ended
	Mar. 31, 2015
ORGANIZATION AND BASIS OF PRESENTATION
Schedule of reclassifications to the consolidated statements of operations for the predecessor periods
		Three Months Ended
		March 31, 2014
		(in thousands)
	Hotel revenues were reclassified from food, beverage and lodging revenues to their own financial statement line item	$	1,188
	Hotel expenses were reclassified from food, beverage and lodging expense to their own financial statement line item		377
	Utility expenses were reclassified from gaming, pari-mutuel, food and beverage, hotel, other, marketing and promotions to general and administrative expenses		682
	Surveillance expenses were reclassified from general and administrative expenses to gaming expenses		610
	Reservation expenses were reclassified from other expenses to hotel expenses		62
	Hotel housekeeping expenses were reclassified from general and administrative expenses to hotel expenses		504
	Cost of providing food and beverage complimentary services were reclassified from food and beverage expense to gaming expense		2,138
	Cost of providing hotel complimentary services were reclassified from hotel expense to gaming expense		399
	Cost of providing other complimentary services were reclassified from other expense to gaming expense		93

MERGER_AND_PURCHASE_ACCOUNTING1

MERGER AND PURCHASE ACCOUNTING (Tables)	3 Months Ended
	Mar. 31, 2015
MERGER AND PURCHASE ACCOUNTING
Schedule of calculation of purchase price, which was calculated using fair value of the Company's common stock as well as, a reconciliation of total shares outstanding as of the Acquisition Date
	ERI Outstanding Share Calculation
	Shares Issued to Eldorado(i)			23,286,202
	Number of MTR shares outstanding at the Acquisition Date(ii)			28,386,084
	MTR RSUs that vested upon closing of the Mergers(iii)			499,179
	Total ERI shares outstanding—before share repurchase			52,171,465
	MTR shares acquired at $6.05 per share based on $35.0 million cash election			(5,785,123	)
	Total ERI shares outstanding at Acquisition Date(iv)			46,386,342
	Eldorado % ownership			50.2	%
	MTR % ownership			49.8	%
	Consideration Transferred (dollars in thousands, except stock price)
	Number of MTR shares outstanding at the Acquisition Date			28,386,084
	MTR RSUs that vested upon closing of the Mergers			499,179
	MTR shares acquired at $6.05 per share based on $35.0 million cash election			(5,785,123	)
	Total net MTR shares			23,100,140
	FMV of MTR common stock at Acquisition Date		$	4.43
	Fair Value of MTR shares		$	102,334
	Fair Value of MTR stock options(iii)			677
	Total consideration transferred		$	103,011
	(i)	The number of shares issued to members of Eldorado in the Mergers as merger consideration was determined pursuant to terms of the Merger Agreement. The shares have been adjusted based upon the final review, as defined in the Merger Agreement. As a result, 25,290 escrow shares previously issued were returned to Authorized and Unissued prior to December 31, 2014.
	(ii)	Number of shares of MTR common stock issued and outstanding immediately prior to closing.
	(iii)	Pursuant to the MTR 2010 Long-Term Incentive Plan, immediately prior to closing, all outstanding stock options and MTR RSUs vested and became immediately exercisable. All vested MTR RSUs were exchanged for one share of ERI common stock. All outstanding stock options became exercisable for shares of ERI common stock with the same terms as the previous awards.
	(iv)	The number of shares issued and outstanding, after settlement of the escrow shares, as determined pursuant to the terms of the Merger Agreement.
Summary of the final purchase price allocation of acquired assets and assumed liabilities as recorded at fair value on the Acquisition Date	The following table summarizes the final purchase price allocation of the acquired assets and assumed liabilities as recorded at fair value on the Acquisition Date (dollars in thousands):
	Current and other assets		$	75,031
	Property and equipment			289,211
	Goodwill			66,826
	Intangible assets(1)			473,000
	Other noncurrent assets			20,381
	Total assets			924,449
	Current liabilities			46,446
	Long term debt(2)			624,877
	Deferred income taxes(3)			143,104
	Other noncurrent liabilities			7,011
	Total liabilities			821,438
	Net assets acquired		$	103,011
	-1	Intangible assets consist of gaming licenses, trade names, and customer loyalty programs.
	-2	Long term debt was comprised of MTR's $570.7 million 11.5% Senior Secured Second Lien Notes due August 2019.
	-3	Deferred tax liabilities were derived based on fair value adjustments for property and equipment, identified intangibles, deferred financing costs, certain long term liabilities and long term debt.
Schedule of unaudited pro forma information
			Three Months
			Ended
			March 31,
			2014
			(in thousands)
	Net revenues		$	114,828
	Net loss		$	(2,326	)

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2015
FAIR VALUE MEASUREMENTS
Schedule of assets and liabilities measured at fair value on a recurring basis
			March 31, 2015
	Description		(Level 1)		(Level 2)		(Level 3)		Total
			(in thousands)
	Assets
	Cash equivalents		$	81	$	—	$	—	$	81
	Total assets		$	81	$	—	$	—	$	81
	Liabilities
	Acquisition-related contingent considerations		$	—	$	—	$	546	$	546
	Total liabilities		$	—	$	—	$	546	$	546
			December 31, 2014
	Description		(Level 1)		(Level 2)		(Level 3)		Total
			(in thousands)
	Assets
	Cash equivalents		$	5,680	$	—	$	—	$	5,680
	Total assets		$	5,680	$	—	$	—	$	5,680
	Liabilities
	Acquisition-related contingent considerations		$	—	$	—	$	524	$	524
	Total liabilities		$	—	$	—	$	524	$	524
Schedule of change in acquisition-related contingent consideration liabilities	The following table represents the change in acquisition-related contingent consideration liabilities during the three months ended March 31, 2015 (in thousands):
	Balance as of December 31, 2014		$	524
	Amortization of present value discount(1)			16
	Fair value adjustment for change in consideration expected to be paid(2)			6
	Balance as of March 31, 2015		$	546
	-1	Changes in present value are included as a component of interest expense in the consolidated statement of operations.
	-2	Fair value adjustments for changes in earn-out estimates are included in general and administrative expense in the consolidated statements of operations.

GOODWILL_AND_OTHER_INTANGIBLES1

GOODWILL AND OTHER INTANGIBLES ASSETS (Tables)	3 Months Ended
	Mar. 31, 2015
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of gross carrying value, accumulated impairment and net carrying value of each major component of entity's goodwill and other indefinite-lived intangible assets
		March 31, 2015
		Gross		Accumulated			Net		Weighted
		Carrying		Amortization			Carrying		Average
		value					Value		Remaining
									Amortization
									Period
		(in thousands)							(in years)
	Goodwill	$	66,826	$	—		$	66,826		N/A
	Gaming licenses (indefinite-lived)		461,500		—			461,500		N/A
	Trade names		6,700		(1,025	)		5,675		3
	Customer loyalty programs		4,800		(2,571	)		2,229		0.5
	Total goodwill and other intangible assets	$	539,826	$	(3,596	)	$	536,230
		December 31, 2014
		Gross		Accumulated			Net		Weighted
		Carrying		Amortization			Carrying		Average
		value					Value		Remaining
									Amortization
									Period
		(in thousands)							(in years)
	Goodwill	$	66,826	$	—		$	66,826		N/A
	Gaming licenses (indefinite-lived)		461,500		—			461,500		N/A
	Trade names		6,700		(547	)		6,153		3.2
	Customer loyalty programs		4,800		(1,114	)		3,686		0.7
	Total goodwill and other intangible assets	$	539,826	$	(1,661	)	$	538,165

EQUITY_AWARDS_AND_OTHER_INCENT1

EQUITY AWARDS AND OTHER INCENTIVE COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2015
EQUITY AWARDS AND OTHER INCENTIVE COMPENSATION
Schedule of incentive-based compensation expense	The total incentive-based compensation expense was as follows (in thousands):
		Successor					Predecessor
		Three Months					Three Months
		Ended March 31,					Ended March 31,
		2015					2014
	Stock-based compensation expense	$	—				$	402
	Performance award compensation expense		—					53
Summary of the Stock Option activity
		Options			Range of		Weighted-Average			Weighted-			Aggregate
					Exercise		Exercise Price			Average			Intrinsic
					Prices					Remaining			Value
										Contractual Life
										(in years)			(in millions)
	Outstanding—December 31, 2013		852,000		$2.32 - 16.27		$	5.14			6.81
	Granted		—		—			—
	Exercised		(119,446	)	$2.32 - 3.94			2.62
	Expired		—		—			—
	Forfeited		(92,799	)	$2.44 - 3.94			3.23
	Outstanding—March 31, 2014		639,755		$2.32 - 16.27		$	5.89			6.11		$	1
	Exercisable at March 31, 2014		505,043		$2.32 - 16.27		$	6.6			5.55		$	0.8
Summary of the RSU activity
		RSUs			Weighted-Average			Weighted-			Aggregate
					Grant Date			Average			Fair Value
					Fair Value			Remaining
								Contractual Life
								(in years)			(in millions)
	Unvested outstanding as of December 31, 2013		223,100		$	2.85			1.65		$	1.2
	Granted		85,100			5.26
	Vested		(84,500	)		3.06
	Forfeited		(36,600	)		2.53
	Unvested outstanding as of March 31, 2014		187,100		$	4.05			2.53		$	1

LONGTERM_DEBT_Tables

LONG-TERM DEBT (Tables)	3 Months Ended
	Mar. 31, 2015
LONG-TERM DEBT
Summary of long-term debt obligations
		Successor			Successor
		March 31,			December 31,
		2015			2014
		(in thousands)
	11.5% Senior Secured Second Lien Notes	$	560,664		$	560,664
	Unamortized premium		47,426			50,163
		$	608,090		$	610,827
Schedule of redemption prices of notes
	Year beginning August 1,	Percentage
	2015		106.000	%
	2016		103.000	%
	2017 and thereafter		100.000	%

ORGANIZATION_AND_BASIS_OF_PRES2

ORGANIZATION AND BASIS OF PRESENTATION (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	item
Organization and basis of presentation
Assets	$895,184		$921,726
Number of reportable segments	1
Predecessor
Reclassifications
Hotel revenues were reclassified from food, beverage and lodging revenues to their own financial statement line item		1,188
Hotel expenses were reclassified from food, beverage and lodging expense to their own financial statement line item		377
Utility expenses were reclassified from gaming, pari mutuel, food and beverage, hotel, other, marketing and promotions to general and administrative expenses		682
Surveillance expenses were reclassified from general and administrative expenses to gaming expenses		610
Reservation expenses were reclassified from other expenses to hotel expenses		62
Hotel housekeeping expenses were reclassified from general and administrative expenses to hotel expenses		504
Cost of providing food and beverage complimentary services were reclassified from food and beverage expense to gaming expense		2,138
Cost of providing hotel complimentary services were reclassified from hotel expense to gaming expense		399
Cost of providing other complimentary services were reclassified from other expense to gaming expense		93
Eclair Holdings Company
Organization and basis of presentation
Assets		0
Ridgeline Acquisition Corp
Organization and basis of presentation
Assets		0
Eclair Acquisition Company, LLC
Organization and basis of presentation
Assets		$0

MERGER_AND_PURCHASE_ACCOUNTING2

MERGER AND PURCHASE ACCOUNTING (Details) (USD $)	3 Months Ended	12 Months Ended	0 Months Ended	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 19, 2014	Mar. 31, 2014	Aug. 01, 2011
ERI Outstanding Share Calculation
Ownership interest in combined entity (as a percent)			49.80%
Estimated fair values of the assets acquired and liabilities assumed
Goodwill	66,826,000	66,826,000
Senior Secured Second Lien Notes
Estimated fair values of the assets acquired and liabilities assumed
Interest rate of debt (as a percent)	11.50%				11.50%
Trade names
Estimated fair values of the assets acquired and liabilities assumed
Useful life	3 years	3 years 2 months 12 days
Customer loyalty programs
Estimated fair values of the assets acquired and liabilities assumed
Useful life	6 months	8 months 12 days
MTR Gaming
MERGER WITH ELDORADO
Common stock, par value (in dollars per share)			$0.00
Amount of cash election funded			30,000,000
ERI Outstanding Share Calculation
Number of MTR shares outstanding at the Acquisition Date			28,386,084
MTR RSUs that vested upon closing of the Mergers (in shares)			499,179
Consideration Transferred (dollars in thousands, except shares and stock price)
Number of MTR shares outstanding at the Acquisition Date			28,386,084,000
MTR RSUs that vested upon closing of the Mergers			499,179,000
Total net MTR shares			23,100,140,000
FMV of MTR common stock at Acquisition Date (in dollars per share)			$4.43
MTR Gaming | Senior Secured Second Lien Notes
Estimated fair values of the assets acquired and liabilities assumed
Long-term debt			570,700,000
Interest rate of debt (as a percent)			11.50%
ERI
MERGER WITH ELDORADO
Number of ERI's shares to be received for each outstanding share or vested RSUs of the acquiree's			1
ERI Outstanding Share Calculation
Total ERI shares outstanding - before share repurchase			52,171,465
ERI | MTR Gaming
MERGER WITH ELDORADO
Common stock, par value (in dollars per share)			$0.00
Share price (in dollars per share)			$6.05
Amount of cash election funded			35,000,000
ERI Outstanding Share Calculation
Total ERI shares outstanding at Acquisition Date			46,386,342
Eldorado
MERGER WITH ELDORADO
Amount of cash election funded			5,000,000
ERI Outstanding Share Calculation
Ownership interest in combined entity (as a percent)			50.20%
Eldorado | MTR Gaming
ERI Outstanding Share Calculation
MTR shares acquired at $6.05 per share based on $35.0 million cash election			-5,785,123
Consideration Transferred (dollars in thousands, except shares and stock price)
MTR shares acquired at $6.05 per share based on $35.0 million cash election			-5,785,123,000
Fair Value of MTR shares			102,334,000
Fair Value of MTR stock options			677,000
Total consideration transferred			103,011,000
Goodwill expected to be deductible for tax purposes			0
Estimated fair values of the assets acquired and liabilities assumed
Current and other assets			75,031,000
Property and equipment			289,211,000
Goodwill			66,826,000
Intangible assets			473,000,000
Other noncurrent assets			20,381,000
Total assets			924,449,000
Current liabilities			46,446,000
Long-term debt			624,877,000
Deferred income taxes			143,104,000
Other noncurrent liabilities			7,011,000
Total liabilities			821,438,000
Net assets acquired			103,011,000
Pro Forma Information
Net revenues	0			114,828,000
Net loss	0			($2,326,000)
Eldorado | MTR Gaming | Members of Eldorado
ERI Outstanding Share Calculation
Shares issued to Eldorado (in shares)			23,286,202
Consideration Transferred (dollars in thousands, except shares and stock price)
Number of shares issued were returned to authorized and unissued			25,290

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	3 Months Ended	6 Months Ended
	Mar. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Carrying value
Change in acquisition-related contingent consideration liabilities
Notes	$608,100,000	$608,100,000	$610,800,000
Level 2 | Fair value
Change in acquisition-related contingent consideration liabilities
Notes	608,300,000	608,300,000	606,900,000
Recurring | Fair value
Assets
Cash equivalents	81,000	81,000	5,680,000
Total assets	81,000	81,000	5,680,000
Liabilities
Acquisition-related contingent considerations	546,000	546,000
Total liabilities	546,000	546,000	524,000
Change in acquisition-related contingent consideration liabilities
Balance at the beginning of the period	524,000
Amortization of present value discount	16,000
Fair value adjustment for change in consideration expected to be paid	6,000	0
Balance at the end of the period	546,000	546,000
Recurring | Level 1
Assets
Cash equivalents	81,000	81,000	5,680,000
Total assets	81,000	81,000	5,680,000
Recurring | Level 3
Liabilities
Acquisition-related contingent considerations	546,000	546,000	524,000
Total liabilities	546,000	546,000	524,000
Change in acquisition-related contingent consideration liabilities
Balance at the beginning of the period			524,000
Balance at the end of the period	$546,000	$546,000	$524,000

GOODWILL_AND_OTHER_INTANGIBLES2

GOODWILL AND OTHER INTANGIBLES ASSETS (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Goodwill
Gross Carrying Value	$66,826,000	$66,826,000
Net Carrying Value	66,826,000	66,826,000
Total goodwill and other intangible assets
Accumulated Amortization	-3,596,000	-1,661,000
Gross Carrying Value	-539,826,000	-539,826,000
Net Carrying Value	536,230,000	538,165,000
Amortization expense	1,900,000
Trade names
Total goodwill and other intangible assets
Gross carrying value	6,700,000	6,700,000
Accumulated Amortization	-1,025,000	-547,000
Net Carrying Value	5,675,000	6,153,000
Weighted Average Amortization Period	3 years	3 years 2 months 12 days
Customer loyalty programs
Total goodwill and other intangible assets
Gross carrying value	4,800,000	4,800,000
Accumulated Amortization	-2,571,000	-1,114,000
Net Carrying Value	2,229,000	3,686,000
Weighted Average Amortization Period	6 months	8 months 12 days
Gaming licenses
Total goodwill and other intangible assets
Gross carrying value	461,500,000	461,500,000
Net Carrying Value	461,500,000	461,500,000
Scioto Downs, Inc. | Gaming licenses
Total goodwill and other intangible assets
Net Carrying Value	$461,500,000	$136,100,000

GOODWILL_AND_OTHER_INTANGIBLE_

GOODWILL AND OTHER INTANGIBLE ASSETS (Details 2) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
GOODWILL AND OTHER INTANGIBLE ASSETS
Impairment of Indefinite-lived intangible assets	$0
Amortization expense	1.9
Future amortization expense
2015	3.7
2016	1.9
2017	1.9
2018	$0.40

EQUITY_AWARDS_AND_OTHER_INCENT2

EQUITY AWARDS AND OTHER INCENTIVE COMPENSATION (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2013
Additional disclosures
Cash received from the exercise of stock options	$300,000
RSUs
Additional Disclosures
Aggregate Fair Value		1,000,000	1,200,000
Predecessor
Stock option activity
Stock-based compensation expense	402,000
Predecessor | Performance Awards
Stock option activity
Performance award compensation expense	53,000
Predecessor | Stock Options
Options
Outstanding at the beginning of the period (in shares)		852,000
Exercised (in shares)		-119,446
Forfeited (in shares)		-92,799
Outstanding at the end of the period (in shares)		639,755	852,000
Exercisable at the end of the period (in shares)		505,043
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)		$5.14
Exercised (in dollars per share)		$2.62
Forfeited (in dollars per share)		$3.23
Outstanding at the end of the period (in dollars per share)		$5.89	$5.14
Exercisable at the end of the period (in dollars per share)		$6.60
Weighted-Average Remaining Contractual Life
Outstanding		6 years 1 month 10 days	6 years 9 months 22 days
Exercisable at the end of the period		5 years 6 months 18 days
Aggregate Intrinsic Value
Outstanding		1,000,000
Exercisable at the end of the period		800,000
Weighted-average assumptions
Exercisable at the end of the period		$800,000
Predecessor | Stock Options | Minimum
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)		$2.32
Exercised (in dollars per share)		$2.32
Forfeited (in dollars per share)		$2.44
Outstanding at the end of the period (in dollars per share)		$2.32
Exercisable at the end of the period (in dollars per share)		$2.32
Predecessor | Stock Options | Maximum
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)		$16.27
Exercised (in dollars per share)		$3.94
Forfeited (in dollars per share)		$3.94
Outstanding at the end of the period (in dollars per share)		$16.27
Exercisable at the end of the period (in dollars per share)		$16.27
Predecessor | RSUs
RSUs
Unvested outstanding at the beginning of the period (in shares)		223,100
Granted (in shares)		85,100
Vested (in shares)		-84,500
Forfeited (in shares)		-36,600
Unvested outstanding at the end of the period (in shares)		187,100	223,100
Weighted-Average Grant Date Fair Value
Unvested outstanding at the beginning of the period (in dollars per share)		$2.85
Granted (in dollars per share)		$5.26
Vested (in dollars per share)		$3.06
Forfeited (in dollars per share)		$2.53
Unvested outstanding at the end of the period (in dollars per share)		$4.05	$2.85
Additional Disclosures
Weighted-Average Remaining Contractual Life		2 years 6 months 11 days	1 year 7 months 24 days

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income taxes
Income tax expense	$2,903
Predecessor
Income taxes
Income tax expense		$1,017

LONGTERM_DEBT_Details

LONG-TERM DEBT (Details) (USD $)	1 Months Ended	3 Months Ended
	Oct. 31, 2014	Mar. 31, 2015	Dec. 31, 2014	Aug. 01, 2011
Long-term debt
Long-term Debt, Excluding Current Maturities, Total		608,090,000	$610,827,000
Senior Secured Second Lien Notes
Long-term debt
Long-term debt, gross		560,664,000	560,664,000
Unamortized premium / (discount)		47,426,000	50,163,000
Interest rate (as a percent)		11.50%		11.50%
Debt issued				565,000,000
Issue price as percentage of principal amount				97.00%
Consolidated total debt ratio		4
Principal amount of debt repurchased	$10,000,000
Repurchase price (in dollars per share)	$110.25
Senior Secured Second Lien Notes | Prior to August 1, 2015
Long-term debt
Redemption price of debt instrument as a percentage of principal amount		100.00%
Senior Secured Second Lien Notes | Year beginning August 1, 2015
Long-term debt
Redemption price of debt instrument as a percentage of principal amount		106.00%
Senior Secured Second Lien Notes | Year beginning August 1, 2016
Long-term debt
Redemption price of debt instrument as a percentage of principal amount		103.00%
Senior Secured Second Lien Notes | Year beginning August 1, 2017 and thereafter
Long-term debt
Redemption price of debt instrument as a percentage of principal amount		100.00%

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Change in accumulated other comprehensive loss
Accumulated other comprehensive income (loss)	$87	$87
Defined benefit pension plans | Scioto Downs, Inc.
Change in accumulated other comprehensive loss
Accumulated other comprehensive income (loss)	$100

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details) (Presque Isle Downs, Inc., USD $)	1 Months Ended	3 Months Ended	1 Months Ended	0 Months Ended		12 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Oct. 31, 2004	Mar. 31, 2015	Oct. 31, 2005	5-May-11	Feb. 28, 2007	Dec. 31, 2014	Mar. 31, 2014
	acre		acre
Commitment and contingencies
Area of real property acquired (in acres)	229
Amount of Environmental Risk Insurance Policy purchased		$10
GEIDC
Commitment and contingencies
Area of real property sold (in acres)			205
DCE
Commitment and contingencies
Replacement cost of equipment components of the surveillance system					1.9
Loss Contingency, Net Book Value of Equipment Replaced Written Off					1.5
Loss Contingency, Damages Awarded, Value				2.7
Litigation Settlement Amount						0.7
The borrowers
Commitment and contingencies
Borrowings to fund initial development of gaming		99.9
Estimated total obligation for assessments		4.9				5
Increase in total estimated liability		20,000
Obligations paid		0.1
The borrowers | Predecessor
Commitment and contingencies
Obligations paid							0.1
The borrowers | Initial funding by Pennsylvania General Fund
Commitment and contingencies
Borrowings to fund initial development of gaming		36.1
Estimated total proportionate share of assessment upon gaming facilities		2.2
Number of licensees operational after which repayment of borrowing from General Fund would commence		14
The borrowers | Additional funding by Pennsylvania Property Tax Relief Reserve Fund
Commitment and contingencies
Borrowings to fund initial development of gaming		63.8
Estimated total proportionate share of assessment upon gaming facilities		$4.20
Period for quarterly payments of proportionate share of funding for assessments		10 years

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details)	3 Months Ended
	Mar. 31, 2015
	item
SEGMENT INFORMATION
Number of reportable segment in which Mountaineer, Presque Isle Downs and Scioto Downs is aggregated	1

RELATED_PARTY_Details

RELATED PARTY (Details) (Eldorado, USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
Eldorado
Corporate general and administrative costs	$1.80