Boyd Gaming (BYD) 10-Q 5 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 02, 2016
Entity Information [Line Items]
Document Period End Date	Mar. 31, 2016
Document Fiscal Period Focus	Q1
Entity Registrant Name	BOYD GAMING CORP
Entity Central Index Key	906,553
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Amendment Flag	false
Entity Common Stock, Shares Outstanding		112,084,786

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 616,201	$ 158,821
Restricted cash	22,375	19,030
Accounts receivable, net	24,056	25,289
Inventories	15,137	15,462
Prepaid expenses and other current assets	34,359	37,250
Income taxes receivable	556	1,380
Total current assets	712,684	257,232
Property and equipment, net	2,210,482	2,225,342
Investment in unconsolidated subsidiary	253,598	244,621
Other assets, net	48,947	48,341
Intangible assets, net	886,062	890,054
Goodwill, net	685,310	685,310
Total assets	4,797,083	4,350,900
Current liabilities
Current maturities of long-term debt	27,688	29,750
Accounts payable	67,177	75,803
Accrued liabilities	243,117	249,518
Total current liabilities	337,982	355,071
Long-term debt, net of current maturities and debt issuance costs	3,657,911	3,239,799
Deferred income taxes	168,708	162,189
Other long-term tax liabilities	3,149	3,085
Other liabilities	$ 85,734	$ 82,745
Commitments and contingencies (Note 8)
Stockholders' equity
Preferred stock, $0.01 par value, 5,000,000 shares authorized	$ 0	$ 0
Common stock, $0.01 par value, 200,000,000 shares authorized; 111,990,303 and 111,614,420 shares outstanding	1,120	1,117
Additional paid-in capital	946,914	945,041
Accumulated deficit	(404,691)	(437,881)
Accumulated other comprehensive income (loss)	206	(316)
Total Boyd Gaming Corporation stockholders' equity	543,549	507,961
Noncontrolling interest	50	50
Total stockholders' equity	543,599	508,011
Total liabilities and stockholders' equity	$ 4,797,083	$ 4,350,900

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	111,990,303	111,614,420
Common stock, shares outstanding	111,990,303	111,614,420
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues
Gaming	$ 462,551	$ 464,757
Food and beverage	76,800	76,296
Room	41,875	39,353
Other	31,466	29,685
Gross revenues	612,692	610,091
Less promotional allowances	60,314	59,513
Net revenues	552,378	550,578
Operating costs and expenses
Gaming	223,525	226,697
Food and beverage	41,803	41,567
Room	10,499	10,047
Other	19,332	19,646
Selling, general and administrative	81,851	81,689
Maintenance and utilities	23,848	25,319
Depreciation and amortization	47,653	51,942
Corporate expense	17,907	19,652
Project development, preopening and writedowns	1,841	955
Impairments of assets	1,440	1,065
Other operating items, net	429	116
Total operating costs and expenses	470,128	478,695
Boyd's share of Borgata's operating income	18,836	11,675
Operating income	101,086	83,558
Other expense (income)
Interest income	(497)	(471)
Interest expense, net of amounts capitalized	53,065	56,935
Loss on early extinguishments of debt	427	508
Other, net	77	618
Boyd's share of Borgata's non-operating items, net	7,206	7,661
Total other expense, net	60,278	65,251
Income before income taxes	40,808	18,307
Income taxes benefit (provision)	(7,618)	16,796
Net income	$ 33,190	$ 35,103
Basic net income per common share	$ 0.29	$ 0.31
Weighted average basic shares outstanding	114,109	111,446
Diluted net income per common share	$ 0.29	$ 0.31
Weighted average diluted shares outstanding	114,868	112,358

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net income	$ 33,190	$ 35,103
Other comprehensive income, net of tax:
Fair value of adjustments to available-for-sale securities, net of tax	522	271
Comprehensive income attributable to Boyd Gaming Corporation	$ 33,712	$ 35,374

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss), Net	Noncontrolling Interest
Balances at Dec. 31, 2014	$ 438,087	$ 1,093	$ 922,112	$ (485,115)	$ (53)	$ 50
Balance, shares at Dec. 31, 2014		109,277,060
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	35,103	$ 0	0	35,103	0	0
Comprehensive income attributable to Boyd	271	$ 0	0	0	271	0
Stock options exercised, shares		610,274
Stock options exercised	4,419	$ 6	4,413	0	0	0
Release of performance stock units, net of tax, shares		477,204
Release of performance stock units, net of tax	(2,446)	$ 5	(2,451)	0	0	0
Share-based compensation costs	3,441	0	3,441	0	0	0
Balances at Mar. 31, 2015	478,875	$ 1,104	927,515	(450,012)	218	50
Balance, shares at Mar. 31, 2015		110,364,538
Balances at Dec. 31, 2015	$ 508,011	$ 1,117	945,041	(437,881)	(316)	50
Balance, shares at Dec. 31, 2015	111,614,420	111,614,420
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 33,190	$ 0	0	33,190	0	0
Comprehensive income attributable to Boyd	522	$ 0	0	0	522	0
Stock options exercised, shares		53,013
Stock options exercised	321	$ 0	321	0	0	0
Release of restricted stock units, net of tax, shares		163,843
Release of restricted stock units, net of tax	(840)	$ 2	(842)	0	0	0
Release of performance stock units, net of tax, shares		159,027
Release of performance stock units, net of tax	(868)	$ 1	(869)	0	0	0
Share-based compensation costs	3,263	0	3,263	0	0	0
Balances at Mar. 31, 2016	$ 543,599	$ 1,120	$ 946,914	$ (404,691)	$ 206	$ 50
Balance, shares at Mar. 31, 2016	111,990,303	111,990,303

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities
Net income	$ 33,190	$ 35,103
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	47,653	51,942
Amortization of debt financing costs and discounts on debt	4,594	5,326
Share-based compensation expense	3,263	3,441
Deferred income taxes	6,519	5,394
Non-cash impairment of assets	1,440	1,065
Distribution from unconsolidated subsidiary	2,654	0
Loss on early extinguishments of debt	427	508
Boyd's share of Borgata's net income	(11,631)	(4,014)
Other operating activities	486	(1,559)
Changes in operating assets and liabilities:
Restricted cash	(3,345)	(3,358)
Accounts receivable, net	1,330	1,440
Inventories	326	968
Prepaid expenses and other current assets	2,890	(615)
Current other tax asset	0	1,802
Income taxes receivable	824	(4)
Other assets, net	(654)	1,581
Accounts payable and accrued liabilities	(9,990)	(19,725)
Other long-term tax liabilities	64	(23,002)
Other liabilities	2,990	3,345
Net cash provided by operating activities	83,030	59,638
Cash Flows from Investing Activities
Capital expenditures	(35,297)	(19,269)
Other investing activities	5	2,316
Net cash used in investing activities	(35,292)	(16,953)
Cash Flows from Financing Activities
Borrowings under Boyd Gaming bank credit facility	223,900	203,700
Payments under Boyd Gaming bank credit facility	(530,350)	(245,675)
Borrowings under Peninsula bank credit facility	95,200	91,400
Payments under Peninsula bank credit facility	(114,725)	(108,625)
Proceeds from issuance of senior notes	750,000	0
Debt financing costs	12,996	0
Payments on retirements of long-term debt	0	(2)
Share-based compensation activities, net	(1,387)	1,973
Net cash provided by (used in) financing activities	409,642	(57,229)
Change in cash and cash equivalents	457,380	(14,544)
Cash and cash equivalents, beginning of period	158,821	145,341
Cash and cash equivalents, end of period	616,201	130,797
Supplemental Disclosure of Cash Flow Information
Cash paid for interest, net of amounts capitalized	50,600	52,239
Cash paid (received) for income taxes, net of refunds	204	(1,656)
Supplemental Schedule of Noncash Investing and Financing Activities
Payables incurred for capital expenditures	$ 6,610	$ 7,333

Organization and Basis of Prese

Organization and Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	ORGANIZATION AND BASIS OF PRESENTATION Organization Boyd Gaming Corporation (and together with its subsidiaries, the "Company," "Boyd Gaming," "we" or "us") was incorporated in the state of Nevada in 1988 and has been operating since 1975. The Company's common stock is traded on the New York Stock Exchange under the symbol "BYD." We are a diversified operator of 21 wholly owned gaming entertainment properties and one property, Borgata Hotel Casino & Spa ("Borgata"), in which we hold a non-controlling 50% equity interest in the limited liability company. Headquartered in Las Vegas, we have gaming operations in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with the instructions to the Quarterly Report on Form 10-Q and Article 10 of Regulation S-X and, therefore, do not include all information and footnote disclosures necessary for complete financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP"). These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2015 , as filed with the U.S. Securities and Exchange Commission ("SEC") on February 25, 2016. The results for the periods indicated are unaudited, but reflect all adjustments (consisting only of normal recurring adjustments) that management considers necessary for a fair presentation of financial position, results of operations and cash flows. Results of operations and cash flows for the interim periods presented herein are not necessarily indicative of the results that would be achieved during a full year of operations or in future periods. The accompanying condensed consolidated financial statements include the accounts of Boyd Gaming and its wholly owned subsidiaries. Investments in unconsolidated affiliates, which do not meet the consolidation criteria of the authoritative accounting guidance for voting interest, controlling interest or variable interest entities, are accounted for under the equity method. (See Note 3, Investment in Borgata .) All significant intercompany accounts and transactions have been eliminated in consolidation.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Cash and Cash Equivalents Cash and cash equivalents include highly liquid investments, which include cash on hand and in banks, interest-bearing deposits and money market funds with maturities of three months or less at their date of purchase. The instruments are not restricted as to withdrawal or use and are on deposit with high credit quality financial institutions. Although these balances may at times exceed the federal insured deposit limit, we believe such risk is mitigated by the quality of the institution holding such deposit. The carrying values of these instruments approximate their fair values as such balances are generally available on demand. Promotional Allowances The retail value of accommodations, food and beverage, and other services furnished to guests without charge is included in gross revenues and then deducted as a promotional allowance. Promotional allowances also include incentives earned in our slot bonus program such as cash and the estimated retail value of goods and services (such as complimentary rooms and food and beverages). We reward customers, through the use of bonus programs, with points based on amounts wagered that can be redeemed for a specified period of time for complimentary slot play, food and beverage, and to a lesser extent for other goods or services, depending upon the property. The amounts included in promotional allowances are as follows: Three Months Ended March 31, (In thousands) 2016 2015 Rooms $ 18,945 $ 18,744 Food and beverage 37,452 37,714 Other 3,917 3,055 Total promotional allowances $ 60,314 $ 59,513 The estimated costs of providing such promotional allowances are as follows: Three Months Ended March 31, (In thousands) 2016 2015 Rooms $ 8,569 $ 8,782 Food and beverage 33,271 33,552 Other 2,981 2,787 Total estimated cost of promotional allowances $ 44,821 $ 45,121 Gaming Taxes We are subject to taxes based on gross gaming revenues in the jurisdictions in which we operate. These gaming taxes are assessed based on our gaming revenues and are recorded as a gaming expense in the condensed consolidated statements of income. These taxes totaled approximately $82.6 million and $83.4 million for the three months ended March 31, 2016 and 2015 , respectively. Income Taxes Income taxes are recorded under the asset and liability method, whereby deferred tax assets and liabilities are recognized based on the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. We reduce the carrying amounts of deferred tax assets by a valuation allowance, if based on the available evidence it is more likely than not that such assets will not be realized. Accordingly, the need to establish valuation allowances for deferred tax assets is continually assessed based on a more-likely-than-not realization threshold. This assessment considers, among other matters, the nature, frequency and severity of current and cumulative losses, forecasts of profitability and taxable income, the duration of statutory carryforward periods, our experience with the utilization of operating loss and tax credit carryforwards before expiration and tax planning strategies. As of March 31, 2016, we concluded that it was not more likely than not that the benefit from our deferred tax assets would be realized. As a result of our analysis, a valuation allowance of $240.4 million has been recorded on our federal and state income tax net operating loss carryforwards and other deferred tax assets. Valuation allowances are evaluated periodically and subject to change in future reporting periods as a result of changes in the factors noted above. Based on recent earnings, there is a reasonable possibility that, within the next year, sufficient positive evidence may become available to reach a conclusion that all or a portion of the valuation allowance will no longer be needed. As such, the Company may release a significant portion of its valuation allowance against its deferred tax assets within the next 12 months. However, the exact timing will be dependent on the levels of income achieved and management's visibility into future period results. The release of our valuation allowance would result in the recognition of certain deferred tax assets and a non-cash income tax benefit in the period in which the release is recorded. For the three months ended March 31, 2016 and 2015, we have computed our provision for income taxes by applying the actual effective tax rate, under the discrete method, to year-to-date income. The discrete method was used to calculate income tax expense or benefit as the annual effective tax rate was not considered a reliable estimate of year-to-date income tax expense or benefit. We believe this method provides the most reliable estimate of year-to-date income tax expense. Our tax rate is impacted by adjustments that are largely independent of our operating results before taxes. Such adjustments relate primarily to changes in our valuation allowance and the accrual of non-cash tax expense in connection with the tax amortization of indefinite-lived intangible assets that are not available to offset existing deferred tax assets. The deferred tax liabilities created by the tax amortization of these intangibles cannot be used to offset corresponding increases in the net operating loss deferred tax assets when determining our valuation allowance. Other Long Term Tax Liabilities The Company's income tax returns are subject to examination by the Internal Revenue Service ("IRS") and other tax authorities in the locations where it operates. The Company assesses potentially unfavorable outcomes of such examinations based on accounting standards for uncertain income taxes, which prescribe a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Uncertain tax position accounting standards apply to all tax positions related to income taxes. These accounting standards utilize a two-step approach for evaluating tax positions. Recognition occurs when the Company concludes that a tax position, based on its technical merits, is more likely than not to be sustained upon examination. Measurement is only addressed if the position is deemed to be more likely than not to be sustained. The tax benefit is measured as the largest amount of benefit that is more likely than not to be realized upon settlement. Use of the term "more likely than not" indicates the likelihood of occurrence is greater than 50%. Tax positions failing to qualify for initial recognition are recognized in the first subsequent interim period that they meet the "more likely than not" standard. If it is subsequently determined that a previously recognized tax position no longer meets the "more likely than not" standard, it is required that the tax position is derecognized. Accounting standards for uncertain tax positions specifically prohibit the use of a valuation allowance as a substitute for derecognition of tax positions. As applicable, the Company will recognize accrued penalties and interest related to unrecognized tax benefits in the provision for income taxes. Accrued interest and penalties are included in other long-term tax liabilities on the balance sheet. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Reclassifications Asset transaction costs that were previously disaggregated in our condensed consolidated statement of income for the three months ended March 31, 2015 were accumulated with preopening expenses. This reclassification had no effect on our retained earnings or net income as previously reported. Amortization of debt financing costs and amortization of discounts on debt, which were previously disaggregated in our condensed consolidated statement of cash flows for the three months ended March 31, 2015, were combined. This reclassification had no effect on our cash provided by operating activities as previously reported. Recently Issued Accounting Pronouncements Accounting Standards Update 2016-09, Compensation - Stock Compensation ("Update 2016-09") In March 2016, the Financial Accounting Standards Board ("FASB") issued Update 2016-09 which simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The standard is effective for financial statements issued for annual periods and interim periods within those annual periods beginning after December 15, 2016, and early adoption is permitted. The Company is evaluating the impact of the adoption of Update 2016-09 to the financial statements. Accounting Standards Update 2016-08, Revenue from Contracts with Customers ("Update 2016-08") In March 2016, the FASB issued Update 2016-08 which amends the principal-versus agent implementation guidance and illustrations in Accounting Standards Update 2014-09, Revenue from Contracts with Customers ("Update 2014-09"). The standard is effective for financial statements issued for annual periods and interim periods within those annual periods beginning after December 15, 2017, and early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company is evaluating the impact of the adoption of Updates 2016-08 and 2014-09 to the financial statements. Accounting Standards Update 2016-07, Investments - Equity Method and Joint Ventures ("Update 2016-07") In March 2016, the FASB issued Update 2016-07 which simplifies the equity method of accounting by eliminating the requirement to retrospectively apply the equity method to an investment that subsequently qualifies for such accounting as a result of an increase in the level of ownership interest or degree of influence. The standard is effective for financial statements issued for annual periods and interim periods within those annual periods beginning after December 15, 2016, and early adoption is permitted. The Company is evaluating the impact of the adoption of Update 2016-07 to the financial statements. Accounting Standards Update 2016-02, Leases ("Update 2016-02") In February 2016, the FASB issued Update 2016-02 which requires the recognition of lease assets and lease liabilities on the balance sheet and the disclosure of key information about leasing arrangements. The standard is effective for financial statements issued for annual periods and interim periods within those annual periods beginning after December 15, 2018, and early adoption is permitted. The Company is evaluating the impact of the adoption of Update 2016-02 to the financial statements. Accounting Standards Update 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities ("Update 2016-01") In January 2016, the FASB issued Update 2016-01, which addresses certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, and early adoption is permitted only if explicit early adoption guidance is applied. The Company is evaluating the impact of the new standard on its consolidated financial statements. A variety of proposed or otherwise potential accounting standards are currently being studied 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 such proposed standards would have on our consolidated financial statements.

Investment in Borgata

Investment in Borgata	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Investment in Borgata	INVESTMENT IN BORGATA The Company and MGM Resorts International each hold a 50% interest in Marina District Development Holding Co., LLC ("Holding Company"). Holding Company owns all the equity interests in Marina District Development Company, LLC, d.b.a. Borgata. We are the managing member of Holding Company, and we are responsible for the day-to-day operations of Borgata. We account for our investment in Borgata by applying the equity method of accounting. Select balance sheet information for Borgata is as follows: March 31, December 31, (In thousands) 2016 2015 Cash and cash equivalents $ 29,838 $ 44,134 Outstanding Principal Balance of Long-term Debt Bank Credit Facility $ 11,600 $ 37,700 2018 Term Loan 223,000 240,900 2023 Term Loan 416,850 418,950 $ 651,450 $ 697,550 Summarized income statement information for Borgata is as follows: Three Months Ended March 31, (In thousands) 2016 2015 Net revenues $ 190,293 $ 182,589 Operating expenses 152,620 159,239 Operating income 37,673 23,350 Non-operating expenses 14,412 15,322 Net income $ 23,261 $ 8,028

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	PROPERTY AND EQUIPMENT, NET Property and equipment, net consists of the following: March 31, December 31, (In thousands) 2016 2015 Land $ 228,417 $ 229,857 Buildings and improvements 2,553,426 2,539,578 Furniture and equipment 1,173,338 1,152,277 Riverboats and barges 238,730 238,743 Construction in progress 36,668 42,497 Other 7,404 7,404 Total property and equipment 4,237,983 4,210,356 Less accumulated depreciation 2,027,501 1,985,014 Property and equipment, net $ 2,210,482 $ 2,225,342 Other property and equipment presented in the table above relates to the estimated net realizable value of construction materials inventory that was not disposed of with the 2013 sale of the Echelon development project. Such assets are not in service and are not currently being depreciated. Depreciation expense is as follows: Three Months Ended March 31, (In thousands) 2016 2015 Depreciation expense $ 43,556 $ 45,102

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	INTANGIBLE ASSETS Intangible assets consist of the following: March 31, 2016 Weighted Gross Cumulative Average Life Carrying Cumulative Impairment Intangible (In thousands) Remaining Value Amortization Losses Assets, Net Amortizing intangibles Customer relationships 1.6 years $ 136,300 $ (113,711 ) $ — $ 22,589 Favorable lease rates 32.2 years 45,370 (12,272 ) — 33,098 Development agreement — 21,373 — — 21,373 203,043 (125,983 ) — 77,060 Indefinite lived intangible assets Trademarks and other Indefinite 129,501 — (3,500 ) 126,001 Gaming license rights Indefinite 873,335 (33,960 ) (156,374 ) 683,001 1,002,836 (33,960 ) (159,874 ) 809,002 Balance, March 31, 2016 $ 1,205,879 $ (159,943 ) $ (159,874 ) $ 886,062 December 31, 2015 Weighted Gross Cumulative Average Life Carrying Cumulative Impairment Intangible (In thousands) Remaining Value Amortization Losses Assets, Net Amortizing intangibles Customer relationships 1.9 years $ 136,300 $ (109,994 ) $ — $ 26,306 Favorable lease rates 32.4 years 45,370 (11,997 ) — 33,373 Development agreement — 21,373 — — 21,373 203,043 (121,991 ) — 81,052 Indefinite lived intangible assets Trademarks Indefinite 129,501 — (3,500 ) 126,001 Gaming license rights Indefinite 873,335 (33,960 ) (156,374 ) 683,001 1,002,836 (33,960 ) (159,874 ) 809,002 Balance, December 31, 2015 $ 1,205,879 $ (155,951 ) $ (159,874 ) $ 890,054

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Mar. 31, 2016
Payables and Accruals [Abstract]
Accrued Liabilities	ACCRUED LIABILITIES Accrued liabilities consist of the following: March 31, December 31, (In thousands) 2016 2015 Payroll and related expenses $ 61,815 $ 71,815 Interest 32,546 35,337 Gaming liabilities 33,104 37,496 Player loyalty program liabilities 18,464 18,491 Accrued liabilities 97,188 86,379 Total accrued liabilities $ 243,117 $ 249,518

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Long-Term Debt	ONG-TERM DEBT Long-term debt, net of current maturities consists of the following: March 31, 2016 Interest Unamortized Rates at Outstanding Unamortized Origination Long-Term (In thousands) Mar. 31, 2016 Principal Discount Fees and Costs Debt, Net Boyd Gaming Corporation Debt Bank credit facility 3.88 % $ 903,275 $ (2,288 ) $ (8,894 ) $ 892,093 9.00% senior notes due 2020 9.00 % 350,000 — (6,647 ) 343,353 6.875% senior notes due 2023 6.88 % 750,000 — (12,525 ) 737,475 6.375% senior notes due 2026 6.38 % 750,000 — (12,935 ) 737,065 2,753,275 (2,288 ) (41,001 ) 2,709,986 Peninsula Segment Debt Bank credit facility 4.25 % 643,225 — (11,939 ) 631,286 8.375% senior notes due 2018 8.38 % 350,000 — (5,673 ) 344,327 993,225 — (17,612 ) 975,613 Total long-term debt 3,746,500 (2,288 ) (58,613 ) 3,685,599 Less current maturities 27,688 — — 27,688 Long-term debt, net $ 3,718,812 $ (2,288 ) $ (58,613 ) $ 3,657,911 December 31, 2015 Interest Unamortized Rates at Outstanding Unamortized Origination Long-Term (In thousands) Dec. 31, 2015 Principal Discount Fees and Costs Debt, Net Boyd Gaming Corporation Debt Bank credit facility 3.75 % $ 1,209,725 $ (2,702 ) $ (9,746 ) $ 1,197,277 9.00% senior notes due 2020 9.00 % 350,000 — (7,044 ) 342,956 6.875% senior notes due 2023 6.88 % 750,000 — (12,934 ) 737,066 2,309,725 (2,702 ) (29,724 ) 2,277,299 Peninsula Segment Debt Bank credit facility 4.25 % 662,750 — (14,143 ) 648,607 8.375% senior notes due 2018 8.38 % 350,000 — (6,357 ) 343,643 1,012,750 — (20,500 ) 992,250 Total long-term debt 3,322,475 (2,702 ) (50,224 ) 3,269,549 Less current maturities 29,750 — — 29,750 Long-term debt, net $ 3,292,725 $ (2,702 ) $ (50,224 ) $ 3,239,799 Boyd Gaming Debt Boyd Bank Credit Facility The outstanding principal amounts under the Third Amended and Restated Credit Agreement (the "Boyd Gaming Credit Facility") are comprised of the following: March 31, December 31, (In thousands) 2016 2015 Revolving Credit Facility $ — $ 240,000 Term A Loan 177,025 183,275 Term B Loan 726,250 730,750 Swing Loan — 55,700 Total outstanding principal amounts under the Boyd Gaming Credit Facility $ 903,275 $ 1,209,725 At March 31, 2016 , approximately $0.9 billion was outstanding under the Boyd Gaming Credit Facility and $7.1 million was allocated to support various letters of credit, leaving remaining contractual availability of $592.9 million . Senior Notes 6.375% Senior Notes due April 2026 Significant Terms On March 28, 2016, we issued $750 million aggregate principal amount of 6.375% senior notes due April 2026 (the " 6.375% Notes"). The 6.375% Notes require semi-annual interest payments on April 1 and October 1 of each year, commencing on October 1, 2016. The 6.375% Notes will mature on April 1, 2026 and are fully and unconditionally guaranteed, on a joint and several basis, by certain of our current and future domestic restricted subsidiaries, all of which are 100% owned by us. Net proceeds from the 6.375% Notes were used to pay down the outstanding amount under the Boyd Gaming Revolving Credit Facility and the balance was retained in money market funds and classified as cash equivalents on the condensed consolidated balance sheets. In conjunction with the issuance of the 6.375% Notes, we incurred approximately $13.0 million in debt financing costs that have been deferred and are being amortized over the term of the 6.375% Notes using the effective interest method. The 6.375% Notes contain certain restrictive covenants that, subject to exceptions and qualifications, among other things, limit our ability and the ability of our restricted subsidiaries (as defined in the base and supplemental indentures governing the 6.375% Notes, together, the "Indenture") to incur additional indebtedness or liens, pay dividends or make distributions or repurchase our capital stock, make certain investments, and sell or merge with other companies. In addition, upon the occurrence of a change of control (as defined in the Indenture), we will be required, unless certain conditions are met, to offer to repurchase the 6.375% Notes at a price equal to 101% of the principal amount of the 6.375% Notes, plus accrued and unpaid interest and Additional Interest (as defined in the Indenture), if any, to, but not including, the date of purchase. If we sell assets or experience an event of loss, we will be required under certain circumstances to offer to purchase the 6.375% Notes. At any time prior to April 1, 2021, we may redeem the 6.375% Notes, in whole or in part, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest and Additional Interest, if any, up to, but excluding, the applicable redemption date, plus a make whole premium. After April 1, 2021, we may redeem all or a portion of the 6.375% Notes at redemption prices (expressed as percentages of the principal amount) ranging from 103.188% in 2021 to 100% in 2024 and thereafter, plus accrued and unpaid interest and Additional Interest. In connection with the private placement of the 6.375% Notes, we entered into a registration rights agreement with the initial purchasers in which we agreed to file a registration statement with the SEC to permit the holders to exchange or resell the 6.375% Notes. We must use commercially reasonable efforts to file a registration statement and to consummate an exchange offer within 365 days after the issuance of the 6.375% Notes, subject to certain suspension and other rights set forth in the registration rights agreement. Under certain circumstances, including our determination that we cannot complete an exchange offer, we are required to file a shelf registration statement for the resale of the 6.375% Notes and to cause such shelf registration statement to be declared effective as soon as reasonably practicable (but in no event later than the 365th day following the issuance of the 6.375% Notes) after the occurrence of such circumstances. Subject to certain suspension and other rights, in the event that the registration statement is not filed or declared effective within the time periods specified in the registration rights agreement, the exchange offer is not consummated within 365 days after the issuance of the 6.375% Notes, or the registration statement is filed and declared effective but thereafter ceases to be effective or is unusable for its intended purpose for a period in excess of 30 days without being succeeded immediately by a post-effective amendment that cures such failure, the agreement provides that additional interest will accrue on the principal amount of the 6.375% Notes at a rate of 0.25% per annum during the 90-day period immediately following any of these events and will increase by 0.25% per annum at the end of each subsequent 90-day period, but in no event will the penalty rate exceed 1.00% per annum, until the default is cured. There are no other alternative settlement methods and, other than the 1.00% per annum maximum penalty rate, the agreement contains no limit on the maximum potential amount of consideration that could be transferred in the event we do not meet the registration statement filing requirements. We currently intend to file a registration statement, have it declared effective and consummate any exchange offer within these time periods. Accordingly, we do not believe that payment of additional interest under the registration payment arrangement is probable and, therefore, no related liability has been recorded in the consolidated financial statements. Peninsula Segment Debt Bank Credit Facility The outstanding principal amounts under the Peninsula senior secured credit facility (the "Peninsula Credit Facility") are comprised of the following: March 31, December 31, ( In thousands ) 2016 2015 Term Loan $ 621,625 $ 647,750 Revolving Facility 14,000 9,000 Swing Loan 7,600 6,000 Total outstanding principal amounts under the Peninsula Credit Facility $ 643,225 $ 662,750 At March 31, 2016 , approximately $643.2 million was outstanding under the Peninsula Credit Facility and $5.0 million was allocated to support various letters of credit, leaving remaining contractual availability of $23.4 million . Early Extinguishments of Debt We incurred non-cash charges of $0.4 million and $0.5 million during the three months ended March 31, 2016 and 2015 , respectively, for deferred debt financing costs written off related to the Peninsula Credit Facility, which represents the ratable reduction in borrowing capacity due to optional prepayments made during these periods. Covenant Compliance As of March 31, 2016 , we believe that Boyd Gaming and Peninsula were in compliance with the financial and other covenants of their respective debt instruments.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Commitments There have been no material changes to our commitments described under Note 10, Commitments and Contingencies , in our Annual Report on Form 10-K for the year ended December 31, 2015 filed with the SEC on February 25, 2016, except for the pending acquisitions of ALST Casino Holdco, LLC, and the Las Vegas assets of Cannery Casino Resorts, LLC, as discussed in Note 13, Subsequent Events . Contingencies Legal Matters We are parties to various legal proceedings arising in the ordinary course of business. In our opinion, all pending legal matters are either adequately covered by insurance, or, if not insured, will not have a material adverse impact on our financial position, results of operations or cash flows.

Stockholders' Equity and Stock

Stockholders' Equity and Stock Incentive Plans	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stockholders' Equity and Stock Incentive Plans	STOCKHOLDERS' EQUITY AND STOCK INCENTIVE PLANS Share-Based Compensation We account for share-based awards exchanged for employee services in accordance with the authoritative accounting guidance for share-based payments. Under the guidance, share-based compensation expense is measured at the grant date, based on the estimated fair value of the award, and is recognized as expense, net of estimated forfeitures, over the employee's requisite service period. The following table provides classification detail of the total costs related to our share-based employee compensation plans reported in our condensed consolidated statements of income. Three Months Ended March 31, (In thousands) 2016 2015 Gaming $ 85 $ 68 Food and beverage 16 13 Room 8 6 Selling, general and administrative 432 344 Corporate expense 2,722 3,010 Total share-based compensation expense $ 3,263 $ 3,441 Performance Shares Vesting The Performance Share Unit ("PSU") grants awarded in December 2012 and 2011 vested during first quarters of 2016 and 2015, respectively. Common shares were issued based on the determination by the Compensation Committee of the Board of Directors of our actual achievement of net revenue growth, Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") growth and customer service scores for the three-year performance period of the grant. As provided under the provisions of our stock incentive plan, certain of the participants elected to surrender a portion of the shares to be received to pay the withholding and other payroll taxes payable on the compensation resulting from the vesting of the PSUs. The PSU grant awarded in December 2012 resulted in a total of 213,365 shares issued, representing approximately 0.59 shares per PSU. Of the 213,365 shares issued, a total of 54,338 were surrendered by the participants for payroll taxes, resulting a net issuance of 159,027 shares due to the vesting of the 2012 grant. The actual achievement level under the award metrics equaled the estimated performance as of year-end 2015; therefore, the vesting of the PSUs did not impact compensation costs in our 2016 condensed consolidated statement of income. The PSU grant awarded in December 2011 resulted in a total of 654,478 shares issued, representing approximately 1.67 shares per PSU. Of the 654,478 shares issued, a total of 177,274 were surrendered by the participants for payroll taxes, resulting a net issuance of 477,204 shares due to the vesting of the 2011 grant. The actual achievement level under the award metrics equaled the estimated performance as of year-end 2014; therefore, the vesting of the PSUs did not impact compensation costs in our 2015 condensed consolidated statement of income.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS The authoritative accounting guidance for fair value measurements specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company's market assumptions. These inputs create the following fair value hierarchy: Level 1 : Quoted prices for identical instruments in active markets. Level 2 : Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3 : Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Thus, assets and liabilities categorized as Level 3 may be measured at fair value using inputs that are observable (Levels 1 and 2) and unobservable (Level 3). Management's assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of assets and liabilities and their placement within the fair value hierarchy levels. Balances Measured at Fair Value The following tables show the fair values of certain of our financial instruments: March 31, 2016 (In thousands) Balance Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 616,201 $ 616,201 $ — $ — Restricted cash 22,375 22,375 — — Investment available for sale 18,394 — — 18,394 Liabilities Contingent payments $ 3,560 $ — $ — $ 3,560 December 31, 2015 (In thousands) Balance Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 158,821 $ 158,821 $ — $ — Restricted cash 19,030 19,030 — — Investment available for sale 17,839 — — 17,839 Liabilities Contingent payments $ 3,632 $ — $ — $ 3,632 Cash and Cash Equivalents and Restricted Cash The fair value of our cash and cash equivalents and restricted cash, classified in the fair value hierarchy as Level 1, are based on statements received from our banks at March 31, 2016 and December 31, 2015 . Investment Available for Sale We have an investment in a single municipal bond issuance of $21.4 million aggregate principal amount of 7.5% Urban Renewal Tax Increment Revenue Bonds, Taxable Series 2007 that is classified as available for sale. We are the only holder of this instrument and there is no quoted market price for this instrument. As such, the fair value of this investment is classified as Level 3 in the fair value hierarchy. The estimate of the fair value of such investment was determined using a combination of current market rates and estimates of market conditions for instruments with similar terms, maturities, and degrees of risk and a discounted cash flows analysis as of March 31, 2016 and December 31, 2015 . Unrealized gains and losses on this instrument resulting from changes in the fair value of the instrument are not charged to earnings, but rather are recorded as other comprehensive income in the stockholders' equity section of the condensed consolidated balance sheets. At both March 31, 2016 and December 31, 2015 , $0.4 million of the carrying value of the investment available for sale is included as a current asset in prepaid expenses and other current assets, and at March 31, 2016 and December 31, 2015 , $18.0 million and $17.4 million , respectively, is included in other assets on the condensed consolidated balance sheets. The discount associated with this investment of $3.2 million at both March 31, 2016 and December 31, 2015 , is netted with the investment balance and is being accreted over the life of the investment using the effective interest method. The accretion of such discount is included in interest income on the condensed consolidated statements of income. Contingent Payments In connection with the development of the Kansas Star Casino ("KSC"), KSC agreed to pay a former casino project developer and option holder 1% of KSC's EBITDA each month for a period of ten years commencing on December 20, 2011. The liability is recorded at the estimated fair value of the contingent payments using a discounted cash flows approach and the significant unobservable input used in the valuation at both March 31, 2016 and December 31, 2015, is a discount rate of 18.5% . At both March 31, 2016 and December 31, 2015 , there was a current liability of $0.9 million related to this agreement, which is recorded in accrued liabilities on the respective condensed consolidated balance sheets, and long-term obligation at both March 31, 2016 and December 31, 2015 , of $2.7 million , which is included in other liabilities on the respective condensed consolidated balance sheets. The following table summarizes the changes in fair value of the Company's Level 3 assets and liabilities: Three Months Ended March 31, 2016 Assets Liability (In thousands) Investment Available for Sale Contingent Payments Balance at January 1, 2016 $ 17,839 $ (3,632 ) Total gains (losses) (realized or unrealized): Included in earnings 33 (154 ) Included in other comprehensive income 522 — Transfers in or out of Level 3 — — Purchases, sales, issuances and settlements: Settlements — 226 Balance at March 31, 2016 $ 18,394 $ (3,560 ) Gains (losses) included in earnings attributable to the change in unrealized gains relating to assets and liabilities still held at the reporting date: Included in interest income $ 33 $ — Included in interest expense — (154 ) Three Months Ended March 31, 2015 Assets Liabilities (In thousands) Investment Available for Sale Merger Earnout Contingent Payments Balance at January 1, 2015 $ 18,357 $ (75 ) $ (3,792 ) Total gains (losses) (realized or unrealized): Included in earnings 31 75 (159 ) Included in other comprehensive income 270 — — Transfers in or out of Level 3 — — — Purchases, sales, issuances and settlements: Settlements — — 230 Balance at March 31, 2015 $ 18,658 $ — $ (3,721 ) Gains (losses) included in earnings attributable to the change in unrealized gains relating to assets and liabilities still held at the reporting date: Included in interest income $ 31 $ — $ — Included in interest expense — — (159 ) The table below summarizes the significant unobservable inputs used in calculating fair value for our Level 3 assets and liabilities: Valuation Technique Unobservable Input Rate Investment available for sale Discounted cash flow Discount rate 9.9 % Contingent payments Discounted cash flow Discount rate 18.5 % Balances Disclosed at Fair Value The following tables provide the fair value measurement information about our obligation under minimum assessment agreements and other financial instruments: March 31, 2016 (In thousands) Outstanding Face Amount Carrying Value Estimated Fair Value Fair Value Hierarchy Liabilities Obligation under assessment arrangements $ 34,655 $ 27,357 $ 28,282 Level 3 Other financial instruments 200 189 189 Level 3 December 31, 2015 (In thousands) Outstanding Face Amount Carrying Value Estimated Fair Value Fair Value Hierarchy Liabilities Obligation under assessment arrangements $ 35,126 $ 27,660 $ 28,381 Level 3 Other financial instruments 200 186 186 Level 3 The following tables provide the fair value measurement information about our long-term debt: March 31, 2016 (In thousands) Outstanding Face Amount Carrying Value Estimated Fair Value Fair Value Hierarchy Boyd Gaming Corporation Debt Bank credit facility $ 903,275 $ 892,093 $ 901,204 Level 2 9.00% senior notes due 2020 350,000 343,353 370,125 Level 1 6.875% senior notes due 2023 750,000 737,475 798,750 Level 1 6.375% senior notes due 2026 750,000 737,065 778,125 Level 1 2,753,275 2,709,986 2,848,204 Peninsula Segment Debt Bank credit facility 643,225 631,286 642,479 Level 2 8.375% Senior Notes due 2018 350,000 344,327 357,000 Level 2 993,225 975,613 999,479 Total debt $ 3,746,500 $ 3,685,599 $ 3,847,683 December 31, 2015 (In thousands) Outstanding Face Amount Carrying Value Estimated Fair Value Fair Value Hierarchy Boyd Gaming Corporation Debt Bank credit facility $ 1,209,725 $ 1,197,277 $ 1,202,870 Level 2 9.00% senior notes due 2020 350,000 342,956 372,750 Level 1 6.875% senior notes due 2023 750,000 737,066 772,500 Level 1 2,309,725 2,277,299 2,348,120 Peninsula Segment Debt Bank credit facility 662,750 648,607 661,131 Level 2 8.375% senior notes due 2018 350,000 343,643 357,000 Level 2 1,012,750 992,250 1,018,131 Total debt $ 3,322,475 $ 3,269,549 $ 3,366,251 The estimated fair values of the Boyd Gaming Credit Facility and the Peninsula Credit Facility are based on a relative value analysis performed on or about March 31, 2016 and December 31, 2015 . The estimated fair values of Boyd Gaming's senior notes and Peninsula's senior notes are based on quoted market prices as of March 31, 2016 and December 31, 2015 . Debt included in the "Other" category is fixed-rate debt that is not traded and does not have an observable market input; therefore, we have estimated its fair value based on a discounted cash flow approach, after giving consideration to the changes in market rates of interest, creditworthiness of both parties, and credit spreads. There were no transfers between Level 1, Level 2 and Level 3 measurements during the three months ended March 31, 2016 or 2015 .

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION We have aggregated certain of our properties in order to present five Reportable Segments: (i) Las Vegas Locals; (ii) Downtown Las Vegas; (iii) Midwest and South; (iv) Peninsula; and (v) Borgata. The table below lists the classification of each of our properties. Las Vegas Locals Gold Coast Hotel and Casino Las Vegas, Nevada The Orleans Hotel and Casino Las Vegas, Nevada Sam's Town Hotel and Gambling Hall Las Vegas, Nevada Suncoast Hotel and Casino Las Vegas, Nevada Eldorado Casino Henderson, Nevada Jokers Wild Casino Henderson, Nevada Downtown Las Vegas California Hotel and Casino Las Vegas, Nevada Fremont Hotel and Casino Las Vegas, Nevada Main Street Station Casino, Brewery and Hotel Las Vegas, Nevada Midwest and South Sam's Town Hotel and Gambling Hall Tunica, Mississippi IP Casino Resort Spa Biloxi, Mississippi Par-A-Dice Hotel Casino East Peoria, Illinois Blue Chip Casino, Hotel & Spa Michigan City, Indiana Treasure Chest Casino Kenner, Louisiana Delta Downs Racetrack Casino & Hotel Vinton, Louisiana Sam's Town Hotel and Casino Shreveport, Louisiana Peninsula Diamond Jo Dubuque Dubuque, Iowa Diamond Jo Worth Northwood, Iowa Evangeline Downs Racetrack and Casino Opelousas, Louisiana Amelia Belle Casino Amelia, Louisiana Kansas Star Casino Mulvane, Kansas Borgata Borgata Hotel Casino & Spa Atlantic City, New Jersey Results of Operations - Total Reportable Segment Net Revenues and Adjusted EBITDA We evaluate each of our wholly owned property's profitability based upon Property EBITDA, which represents each property's earnings before interest expense, income taxes, depreciation and amortization, deferred rent, share-based compensation expense, project development, preopening and writedowns expenses, impairments of assets, other operating items, net, and gain or loss on early retirements of debt, as applicable. Total Reportable Segment Adjusted EBITDA is the aggregate sum of the Property EBITDA for each of the properties included in our Las Vegas Locals, Downtown Las Vegas, and Midwest and South, and Peninsula segments, and also includes Borgata's operating income before net amortization, preopening and other items. Results for Downtown Las Vegas include the results of our Hawaii-based travel agency and captive insurance company. EBITDA is a commonly used measure of performance in our industry that we believe, when considered with measures calculated in accordance with GAAP, provides our investors a more complete understanding of our operating results before the impact of investing and financing transactions and income taxes and facilitates comparisons between us and our competitors. Management has historically adjusted EBITDA when evaluating operating performance because we believe that the inclusion or exclusion of certain recurring and non-recurring items is necessary to provide the most accurate measure of our core operating results and as a means to evaluate period-to-period results. We reclassify the reporting of corporate expense on the accompanying table in order to exclude it from our subtotal for Total Reportable Segment Adjusted EBITDA and include it as part of total other operating costs and expenses. Furthermore, corporate expense excludes its portion of share-based compensation expense. Corporate expense represents unallocated payroll, professional fees, aircraft expenses and various other expenses not directly related to our casino and hotel operations. The following table sets forth, for the periods indicated, certain operating data for our Reportable Segments, and reconciles Total Reportable Segment Adjusted EBITDA to operating income, as reported in our accompanying condensed consolidated statements of income: Three Months Ended March 31, (In thousands) 2016 2015 Net Revenues Las Vegas Locals $ 158,398 $ 150,302 Downtown Las Vegas 58,605 56,603 Midwest and South 209,185 217,764 Peninsula 126,190 125,909 Total Reportable Segment Net Revenues $ 552,378 $ 550,578 Adjusted EBITDA Las Vegas Locals $ 44,271 $ 38,877 Downtown Las Vegas 12,681 10,677 Midwest and South 48,813 50,984 Peninsula 47,112 46,363 Borgata 22,668 18,913 Total Reportable Segment Adjusted EBITDA 175,545 165,814 Corporate expense (15,185 ) (16,642 ) Adjusted EBITDA 160,360 149,172 Other operating costs and expenses Deferred rent 817 857 Depreciation and amortization 47,653 51,942 Share-based compensation expense 3,263 3,441 Project development, preopening and writedowns 1,841 955 Impairments of assets 1,440 1,065 Other operating items, net 429 116 Our share of Borgata's other operating costs and expenses 3,831 7,238 Total other operating costs and expenses 59,274 65,614 Operating income $ 101,086 $ 83,558 Total Reportable Segment Assets The Company's assets by Reportable Segment consisted of the following amounts: March 31, December 31, (In thousands) 2016 2015 Assets Las Vegas Locals $ 1,139,016 $ 1,155,224 Downtown Las Vegas 134,937 138,159 Midwest and South 1,238,370 1,263,751 Peninsula 1,361,437 1,370,991 Total Reportable Segment Assets 3,873,760 3,928,125 Corporate 923,323 422,775 Total Assets $ 4,797,083 $ 4,350,900

Condensed Consolidating Financi

Condensed Consolidating Financial Information	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Consolidating Financial Information	CONDENSED CONSOLIDATING FINANCIAL INFORMATION Separate condensed consolidating financial information for our subsidiary guarantors and non-guarantors of our 9.00% Senior Notes due July 2020, our 6.875% Senior Notes due May 2023 and our 6.375% Senior Notes due April 2026 is presented below. The notes are fully and unconditionally guaranteed, on a joint and several basis, by certain of our current and future domestic restricted subsidiaries, all of which are 100% owned by us. The non-guarantors primarily represent those entities comprising our Peninsula segment, special purpose entities, tax holding companies, our less significant operating subsidiaries and our less than wholly owned subsidiaries. Condensed Consolidating Balance Sheets March 31, 2016 Non- Non- Guarantor Guarantor Subsidiaries Subsidiaries Guarantor (100% (Not 100% (In thousands) Parent Subsidiaries Owned) Owned) Eliminations Consolidated Assets Cash and cash equivalents $ 502,247 $ 84,304 $ 29,429 $ 221 $ — $ 616,201 Other current assets 12,635 56,330 28,564 — (1,046 ) 96,483 Property and equipment, net 64,989 1,740,847 404,646 — — 2,210,482 Investments in subsidiaries 3,616,657 174,761 — — (3,537,820 ) 253,598 Intercompany receivable — 1,974,486 — — (1,974,486 ) — Other assets, net 13,033 9,180 26,734 — — 48,947 Intangible assets, net — 406,265 479,797 — — 886,062 Goodwill, net — 212,794 472,516 — — 685,310 Total assets $ 4,209,561 $ 4,658,967 $ 1,441,686 $ 221 $ (5,513,352 ) $ 4,797,083 Liabilities and Stockholders' Equity Current maturities of long-term debt $ 21,500 $ — $ 6,188 $ — $ — $ 27,688 Other current liabilities 77,920 143,293 89,367 — (286 ) 310,294 Accumulated losses of subsidiaries in excess of investment — — 315 — (315 ) — Intercompany payable 840,588 — 1,133,504 475 (1,974,567 ) — Long-term debt, net of current maturities and debt issuance costs 2,688,486 — 969,425 — — 3,657,911 Other long-term liabilities 37,518 156,198 63,875 — — 257,591 Boyd Gaming Corporation stockholders' equity (deficit) 543,549 4,359,476 (820,988 ) (254 ) (3,538,234 ) 543,549 Noncontrolling interest — — — — 50 50 Total stockholders' equity (deficit) 543,549 4,359,476 (820,988 ) (254 ) (3,538,184 ) 543,599 Total liabilities and stockholders' equity $ 4,209,561 $ 4,658,967 $ 1,441,686 $ 221 $ (5,513,352 ) $ 4,797,083 Condensed Consolidating Balance Sheets - continued December 31, 2015 Non- Non- Guarantor Guarantor Subsidiaries Subsidiaries Guarantor (100% (Not 100% (In thousands) Parent Subsidiaries Owned) Owned) Eliminations Consolidated Assets Cash and cash equivalents $ 2 $ 124,426 $ 34,172 $ 221 $ — $ 158,821 Other current assets 14,602 61,157 23,660 — (1,008 ) 98,411 Property and equipment, net 68,515 1,745,203 411,624 — — 2,225,342 Investments in subsidiaries 3,547,690 138,116 — — (3,441,185 ) 244,621 Intercompany receivable — 1,867,783 — — (1,867,783 ) — Other assets, net 12,521 8,982 26,838 — — 48,341 Intangible assets, net — 406,540 483,514 — — 890,054 Goodwill, net — 212,794 472,516 — — 685,310 Total assets $ 3,643,330 $ 4,565,001 $ 1,452,324 $ 221 $ (5,309,976 ) $ 4,350,900 Liabilities and Stockholders' Equity Current maturities of long-term debt $ 21,500 $ — $ 8,250 $ — $ — $ 29,750 Other current liabilities 102,946 146,178 76,482 — (285 ) 325,321 Accumulated losses of subsidiaries in excess of investment — — 3,192 — (3,192 ) — Intercompany payable 720,400 — 1,147,082 475 (1,867,957 ) — Long-term debt, net of current maturities and debt issuance costs 2,255,800 — 983,999 — — 3,239,799 Other long-term liabilities 34,723 154,633 58,663 — — 248,019 Boyd Gaming Corporation stockholders' equity (deficit) 507,961 4,264,190 (825,344 ) (254 ) (3,438,592 ) 507,961 Noncontrolling interest — — — — 50 50 Total stockholders' equity (deficit) 507,961 4,264,190 (825,344 ) (254 ) (3,438,542 ) 508,011 Total liabilities and stockholders' equity $ 3,643,330 $ 4,565,001 $ 1,452,324 $ 221 $ (5,309,976 ) $ 4,350,900 Condensed Consolidating Statements of Income Three Months Ended March 31, 2016 Non- Non- Guarantor Guarantor Subsidiaries Subsidiaries Guarantor (100% (Not 100% (In thousands) Parent Subsidiaries Owned) Owned) Eliminations Consolidated Net revenues $ 31,201 $ 419,641 $ 138,316 $ — $ (36,780 ) $ 552,378 Operating costs and expenses Operating 450 221,709 73,000 — — 295,159 Selling, general and administrative 12,386 54,173 15,290 — 2 81,851 Maintenance and utilities — 20,447 3,401 — — 23,848 Depreciation and amortization 1,778 31,175 14,700 — — 47,653 Corporate expense 16,309 53 1,545 — — 17,907 Project development, preopening and writedowns 756 376 709 — — 1,841 Impairments of assets 1,440 — — — — 1,440 Other operating items, net 106 323 — — — 429 Intercompany expenses 301 31,238 5,243 — (36,782 ) — Total operating costs and expenses 33,526 359,494 113,888 — (36,780 ) 470,128 Equity in earnings of subsidiaries 68,519 23,094 — — (72,777 ) 18,836 Operating income (loss) 66,194 83,241 24,428 — (72,777 ) 101,086 Other expense (income) Interest expense, net 32,928 2,286 17,354 — — 52,568 Loss on early extinguishments of debt — — 427 — — 427 Other, net 1 — 76 — — 77 Boyd's share of Borgata's non-operating items, net — 7,206 — — — 7,206 Total other expense, net 32,929 9,492 17,857 — — 60,278 Income (loss) before income taxes 33,265 73,749 6,571 — (72,777 ) 40,808 Income taxes benefit (provision) (75 ) (1,918 ) (5,625 ) — — (7,618 ) Net income (loss) $ 33,190 $ 71,831 $ 946 $ — $ (72,777 ) $ 33,190 Comprehensive income (loss) $ 33,712 $ 72,353 $ 1,468 $ — $ (73,821 ) $ 33,712 Condensed Consolidating Statements of Income - continued Three Months Ended March 31, 2015 Non- Non- Guarantor Guarantor Subsidiaries Subsidiaries Guarantor (100% (Not 100% (In thousands) Parent Subsidiaries Owned) Owned) Eliminations Consolidated Net revenues $ 30,796 $ 418,592 $ 137,525 $ — $ (36,335 ) $ 550,578 Costs and expenses Operating 450 223,587 73,920 — — 297,957 Selling, general and administrative 12,403 54,342 14,944 — — 81,689 Maintenance and utilities — 21,711 3,608 — — 25,319 Depreciation and amortization 1,287 32,687 17,968 — — 51,942 Corporate expense 18,467 54 1,131 — — 19,652 Project development, preopening and writedowns (52 ) (17 ) 983 41 — 955 Impairments of assets — — 1,065 — — 1,065 Other operating items, net — 70 46 — — 116 Intercompany expenses 301 30,841 5,193 — (36,335 ) — Total operating costs and expenses 32,856 363,275 118,858 41 (36,335 ) 478,695 Equity in earnings of subsidiaries 47,768 7,652 (41 ) — (43,704 ) 11,675 Operating income (loss) 45,708 62,969 18,626 (41 ) (43,704 ) 83,558 Other expense (income) Interest expense, net 33,396 702 22,366 — — 56,464 Loss on early extinguishments of debt — — 508 — — 508 Other, net 416 — 202 — — 618 Boyd's share of Borgata's non-operating items, net — 7,661 — — — 7,661 Total other expense, net 33,812 8,363 23,076 — — 65,251 Income (loss) before income taxes 11,896 54,606 (4,450 ) (41 ) (43,704 ) 18,307 Income taxes benefit (provision) 23,207 (1,927 ) (4,484 ) — — 16,796 Net income (loss) $ 35,103 $ 52,679 $ (8,934 ) $ (41 ) $ (43,704 ) $ 35,103 Comprehensive income (loss) $ 35,374 $ 52,950 $ (8,663 ) $ (41 ) $ (44,246 ) $ 35,374 Condensed Consolidating Statements of Cash Flows Three Months Ended March 31, 2016 Non- Non- Guarantor Guarantor Subsidiaries Subsidiaries Guarantor (100% (Not 100% (In thousands) Parent Subsidiaries Owned) Owned) Eliminations Consolidated Cash flows from operating activities Net cash from operating activities $ (35,967 ) $ 86,355 $ 32,735 $ — $ (93 ) $ 83,030 Cash flows from investing activities Capital expenditures (11,143 ) (19,774 ) (4,380 ) — — (35,297 ) Net activity with affiliates — (106,703 ) — — 106,703 — Other investing activities — — 5 — — 5 Net cash from investing activities (11,143 ) (126,477 ) (4,375 ) — 106,703 (35,292 ) Cash flows from financing activities Borrowings under bank credit facility 223,900 — 95,200 — — 319,100 Payments under bank credit facility (530,350 ) — (114,725 ) — — (645,075 ) Proceeds from issuance of senior notes 750,000 — — — — 750,000 Debt financing costs, net (12,996 ) — — — — (12,996 ) Net activity with affiliates 120,188 — (13,578 ) — (106,610 ) — Share-based compensation activities, net (1,387 ) — — — — (1,387 ) Net cash from financing activities 549,355 — (33,103 ) — (106,610 ) 409,642 Net change in cash and cash equivalents 502,245 (40,122 ) (4,743 ) — — 457,380 Cash and cash equivalents, beginning of period 2 124,426 34,172 221 — 158,821 Cash and cash equivalents, end of period $ 502,247 $ 84,304 $ 29,429 $ 221 $ — $ 616,201 Condensed Consolidating Statements of Cash Flows - continued Three Months Ended March 31, 2015 Non- Non- Guarantor Guarantor Subsidiaries Subsidiaries Guarantor (100% (Not 100% (In thousands) Parent Subsidiaries Owned) Owned) Eliminations Consolidated Cash flows from operating activities Net cash from operating activities $ (26,888 ) $ 75,990 $ 5,730 $ (41 ) $ 4,847 $ 59,638 Cash flows from investing activities Capital expenditures (6,152 ) (6,006 ) (7,111 ) — — (19,269 ) Net activity with affiliates — (83,331 ) — — 83,331 — Other investing activities — — 2,316 — — 2,316 Net cash from investing activities (6,152 ) (89,337 ) (4,795 ) — 83,331 (16,953 ) Cash flows from financing activities Borrowings under bank credit facility 203,700 — 91,400 — — 295,100 Payments under bank credit facility (245,675 ) — (108,625 ) — — (354,300 ) Payments on long-term debt — — (2 ) — — (2 ) Net activity with affiliates 73,815 — 14,322 41 (88,178 ) — Share-based compensation activities, net 1,973 — — — — 1,973 Net cash from financing activities 33,813 — (2,905 ) 41 (88,178 ) (57,229 ) Net change in cash and cash equivalents 773 (13,347 ) (1,970 ) — — (14,544 ) Cash and cash equivalents, beginning of period 2 111,452 33,668 219 — 145,341 Cash and cash equivalents, end of period $ 775 $ 98,105 $ 31,698 $ 219 $ — $ 130,797

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On April 21, 2016, Boyd Gaming announced it has entered into a definitive agreement to acquire ALST Casino Holdco, LLC (“ALST”), the holding company of Aliante Gaming, LLC (“Aliante”), the owner and operator of the Aliante Casino + Hotel + Spa, an upscale, resort-style casino and hotel situated in North Las Vegas and offering premium accommodations, gaming, dining, entertainment and retail for total net cash consideration of $380 million . Boyd Gaming will acquire ALST pursuant to an Agreement and Plan of Merger (the “ALST Merger Agreement”), entered into on April 21, 2016, by and among, Boyd Gaming, Boyd TCII Acquisition, LLC, a wholly-owned subsidiary of Boyd Gaming (“TCII Acquisition”), and ALST. The ALST Merger Agreement provides that, pursuant to the terms and subject to the conditions set forth therein, TCII Acquisition will merge (the “ALST Merger”) with and into ALST, and ALST will be the surviving entity in the ALST Merger, such that following the ALST Merger, ALST and Aliante will be wholly-owned subsidiaries of Boyd Gaming. The ALST Merger Agreement contains certain termination rights for both Boyd Gaming and ALST and further provides that, in connection with the termination of the ALST Merger Agreement under specified circumstances, Boyd Gaming may be required to pay ALST a termination fee of $30 million. On April 25, 2016, Boyd Gaming announced it has entered into a definitive agreement to acquire The Cannery Hotel and Casino, LLC (“Cannery”), the owner and operator of Cannery Casino Hotel, located in North Las Vegas, and Nevada Palace, LLC (“Eastside”), the owner and operator of Eastside Cannery Casino and Hotel, located in the eastern part of the Las Vegas Valley, comprising the Las Vegas assets of Cannery Casino Resorts, LLC (“Seller”), for total cash consideration of $230 million, subject to adjustment based on the working capital, including cash and less indebtedness of the acquired assets and less any transaction expenses. Boyd Gaming will acquire Cannery and Eastside pursuant to a Membership Interest Purchase Agreement (the “Cannery Purchase Agreement”), entered into on April 25, 2016, by and among, Boyd Gaming, Seller, Cannery and Eastside. The Cannery Purchase Agreement provides that, pursuant to the terms and subject to the conditions set forth therein, Boyd Gaming will acquire from Seller all of the issued and outstanding membership interests of Cannery and Eastside (the “Cannery Purchase”), such that following the Cannery Purchase, Cannery and Eastside will be wholly-owned subsidiaries of Boyd Gaming. The Cannery Purchase Agreement contains customary representations, warranties, covenants and termination rights. In addition, $20 million of the cash consideration will be placed in escrow to satisfy the indemnification obligations of Seller. The completion of the ALST Merger and the Cannery Purchase are each subject to customary conditions and the receipt of all required regulatory approvals, including, among others, approval by the Nevada Gaming Commission and the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Subject to the satisfaction or waiver of the respective conditions in each of the ALST Merger Agreement and the Cannery Purchase Agreement, we currently expect each of the transactions to close during the third quarter of 2016. We have evaluated all events or transactions that occurred after March 31, 2016 . During this period, up to the filing date, we did not identify any additional subsequent events, other than those disclosed above, the effects of which would require disclosure or adjustment to our financial position or results of operations.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Gaming Taxes	Gaming Taxes We are subject to taxes based on gross gaming revenues in the jurisdictions in which we operate. These gaming taxes are assessed based on our gaming revenues and are recorded as a gaming expense in the condensed consolidated statements of income. These taxes totaled approximately $82.6 million and $83.4 million for the three months ended March 31, 2016 and 2015 , respectively.
Income Taxes	Income Taxes Income taxes are recorded under the asset and liability method, whereby deferred tax assets and liabilities are recognized based on the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. We reduce the carrying amounts of deferred tax assets by a valuation allowance, if based on the available evidence it is more likely than not that such assets will not be realized. Accordingly, the need to establish valuation allowances for deferred tax assets is continually assessed based on a more-likely-than-not realization threshold. This assessment considers, among other matters, the nature, frequency and severity of current and cumulative losses, forecasts of profitability and taxable income, the duration of statutory carryforward periods, our experience with the utilization of operating loss and tax credit carryforwards before expiration and tax planning strategies. As of March 31, 2016, we concluded that it was not more likely than not that the benefit from our deferred tax assets would be realized. As a result of our analysis, a valuation allowance of $240.4 million has been recorded on our federal and state income tax net operating loss carryforwards and other deferred tax assets. Valuation allowances are evaluated periodically and subject to change in future reporting periods as a result of changes in the factors noted above. Based on recent earnings, there is a reasonable possibility that, within the next year, sufficient positive evidence may become available to reach a conclusion that all or a portion of the valuation allowance will no longer be needed. As such, the Company may release a significant portion of its valuation allowance against its deferred tax assets within the next 12 months. However, the exact timing will be dependent on the levels of income achieved and management's visibility into future period results. The release of our valuation allowance would result in the recognition of certain deferred tax assets and a non-cash income tax benefit in the period in which the release is recorded. For the three months ended March 31, 2016 and 2015, we have computed our provision for income taxes by applying the actual effective tax rate, under the discrete method, to year-to-date income. The discrete method was used to calculate income tax expense or benefit as the annual effective tax rate was not considered a reliable estimate of year-to-date income tax expense or benefit. We believe this method provides the most reliable estimate of year-to-date income tax expense. Our tax rate is impacted by adjustments that are largely independent of our operating results before taxes. Such adjustments relate primarily to changes in our valuation allowance and the accrual of non-cash tax expense in connection with the tax amortization of indefinite-lived intangible assets that are not available to offset existing deferred tax assets. The deferred tax liabilities created by the tax amortization of these intangibles cannot be used to offset corresponding increases in the net operating loss deferred tax assets when determining our valuation allowance. Other Long Term Tax Liabilities The Company's income tax returns are subject to examination by the Internal Revenue Service ("IRS") and other tax authorities in the locations where it operates. The Company assesses potentially unfavorable outcomes of such examinations based on accounting standards for uncertain income taxes, which prescribe a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Uncertain tax position accounting standards apply to all tax positions related to income taxes. These accounting standards utilize a two-step approach for evaluating tax positions. Recognition occurs when the Company concludes that a tax position, based on its technical merits, is more likely than not to be sustained upon examination. Measurement is only addressed if the position is deemed to be more likely than not to be sustained. The tax benefit is measured as the largest amount of benefit that is more likely than not to be realized upon settlement. Use of the term "more likely than not" indicates the likelihood of occurrence is greater than 50%. Tax positions failing to qualify for initial recognition are recognized in the first subsequent interim period that they meet the "more likely than not" standard. If it is subsequently determined that a previously recognized tax position no longer meets the "more likely than not" standard, it is required that the tax position is derecognized. Accounting standards for uncertain tax positions specifically prohibit the use of a valuation allowance as a substitute for derecognition of tax positions. As applicable, the Company will recognize accrued penalties and interest related to unrecognized tax benefits in the provision for income taxes. Accrued interest and penalties are included in other long-term tax liabilities on the balance sheet.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
Reclassifications	Reclassifications Asset transaction costs that were previously disaggregated in our condensed consolidated statement of income for the three months ended March 31, 2015 were accumulated with preopening expenses. This reclassification had no effect on our retained earnings or net income as previously reported. Amortization of debt financing costs and amortization of discounts on debt, which were previously disaggregated in our condensed consolidated statement of cash flows for the three months ended March 31, 2015, were combined. This reclassification had no effect on our cash provided by operating activities as previously reported.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Accounting Standards Update 2016-09, Compensation - Stock Compensation ("Update 2016-09") In March 2016, the Financial Accounting Standards Board ("FASB") issued Update 2016-09 which simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The standard is effective for financial statements issued for annual periods and interim periods within those annual periods beginning after December 15, 2016, and early adoption is permitted. The Company is evaluating the impact of the adoption of Update 2016-09 to the financial statements. Accounting Standards Update 2016-08, Revenue from Contracts with Customers ("Update 2016-08") In March 2016, the FASB issued Update 2016-08 which amends the principal-versus agent implementation guidance and illustrations in Accounting Standards Update 2014-09, Revenue from Contracts with Customers ("Update 2014-09"). The standard is effective for financial statements issued for annual periods and interim periods within those annual periods beginning after December 15, 2017, and early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company is evaluating the impact of the adoption of Updates 2016-08 and 2014-09 to the financial statements. Accounting Standards Update 2016-07, Investments - Equity Method and Joint Ventures ("Update 2016-07") In March 2016, the FASB issued Update 2016-07 which simplifies the equity method of accounting by eliminating the requirement to retrospectively apply the equity method to an investment that subsequently qualifies for such accounting as a result of an increase in the level of ownership interest or degree of influence. The standard is effective for financial statements issued for annual periods and interim periods within those annual periods beginning after December 15, 2016, and early adoption is permitted. The Company is evaluating the impact of the adoption of Update 2016-07 to the financial statements. Accounting Standards Update 2016-02, Leases ("Update 2016-02") In February 2016, the FASB issued Update 2016-02 which requires the recognition of lease assets and lease liabilities on the balance sheet and the disclosure of key information about leasing arrangements. The standard is effective for financial statements issued for annual periods and interim periods within those annual periods beginning after December 15, 2018, and early adoption is permitted. The Company is evaluating the impact of the adoption of Update 2016-02 to the financial statements. Accounting Standards Update 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities ("Update 2016-01") In January 2016, the FASB issued Update 2016-01, which addresses certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, and early adoption is permitted only if explicit early adoption guidance is applied. The Company is evaluating the impact of the new standard on its consolidated financial statements. A variety of proposed or otherwise potential accounting standards are currently being studied 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 such proposed standards would have on our consolidated financial statements.

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Schedule of Promotional Allowances	The amounts included in promotional allowances are as follows: Three Months Ended March 31, (In thousands) 2016 2015 Rooms $ 18,945 $ 18,744 Food and beverage 37,452 37,714 Other 3,917 3,055 Total promotional allowances $ 60,314 $ 59,513 The estimated costs of providing such promotional allowances are as follows: Three Months Ended March 31, (In thousands) 2016 2015 Rooms $ 8,569 $ 8,782 Food and beverage 33,271 33,552 Other 2,981 2,787 Total estimated cost of promotional allowances $ 44,821 $ 45,121

Investment in Borgata Equity Su

Investment in Borgata Equity Subsidiary Financial Information (Tables)	3 Months Ended
	Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Select balance sheet information for Borgata is as follows: March 31, December 31, (In thousands) 2016 2015 Cash and cash equivalents $ 29,838 $ 44,134 Outstanding Principal Balance of Long-term Debt Bank Credit Facility $ 11,600 $ 37,700 2018 Term Loan 223,000 240,900 2023 Term Loan 416,850 418,950 $ 651,450 $ 697,550 Summarized income statement information for Borgata is as follows: Three Months Ended March 31, (In thousands) 2016 2015 Net revenues $ 190,293 $ 182,589 Operating expenses 152,620 159,239 Operating income 37,673 23,350 Non-operating expenses 14,412 15,322 Net income $ 23,261 $ 8,028

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment, net consists of the following: March 31, December 31, (In thousands) 2016 2015 Land $ 228,417 $ 229,857 Buildings and improvements 2,553,426 2,539,578 Furniture and equipment 1,173,338 1,152,277 Riverboats and barges 238,730 238,743 Construction in progress 36,668 42,497 Other 7,404 7,404 Total property and equipment 4,237,983 4,210,356 Less accumulated depreciation 2,027,501 1,985,014 Property and equipment, net $ 2,210,482 $ 2,225,342
Depreciation Expense Table	Depreciation expense is as follows: Three Months Ended March 31, (In thousands) 2016 2015 Depreciation expense $ 43,556 $ 45,102

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Intangible Assets	Intangible assets consist of the following: March 31, 2016 Weighted Gross Cumulative Average Life Carrying Cumulative Impairment Intangible (In thousands) Remaining Value Amortization Losses Assets, Net Amortizing intangibles Customer relationships 1.6 years $ 136,300 $ (113,711 ) $ — $ 22,589 Favorable lease rates 32.2 years 45,370 (12,272 ) — 33,098 Development agreement — 21,373 — — 21,373 203,043 (125,983 ) — 77,060 Indefinite lived intangible assets Trademarks and other Indefinite 129,501 — (3,500 ) 126,001 Gaming license rights Indefinite 873,335 (33,960 ) (156,374 ) 683,001 1,002,836 (33,960 ) (159,874 ) 809,002 Balance, March 31, 2016 $ 1,205,879 $ (159,943 ) $ (159,874 ) $ 886,062 December 31, 2015 Weighted Gross Cumulative Average Life Carrying Cumulative Impairment Intangible (In thousands) Remaining Value Amortization Losses Assets, Net Amortizing intangibles Customer relationships 1.9 years $ 136,300 $ (109,994 ) $ — $ 26,306 Favorable lease rates 32.4 years 45,370 (11,997 ) — 33,373 Development agreement — 21,373 — — 21,373 203,043 (121,991 ) — 81,052 Indefinite lived intangible assets Trademarks Indefinite 129,501 — (3,500 ) 126,001 Gaming license rights Indefinite 873,335 (33,960 ) (156,374 ) 683,001 1,002,836 (33,960 ) (159,874 ) 809,002 Balance, December 31, 2015 $ 1,205,879 $ (155,951 ) $ (159,874 ) $ 890,054

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2016
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following: March 31, December 31, (In thousands) 2016 2015 Payroll and related expenses $ 61,815 $ 71,815 Interest 32,546 35,337 Gaming liabilities 33,104 37,496 Player loyalty program liabilities 18,464 18,491 Accrued liabilities 97,188 86,379 Total accrued liabilities $ 243,117 $ 249,518

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Line of Credit Facility [Line Items]
Schedule of Long-term Debt Instruments	Long-term debt, net of current maturities consists of the following: March 31, 2016 Interest Unamortized Rates at Outstanding Unamortized Origination Long-Term (In thousands) Mar. 31, 2016 Principal Discount Fees and Costs Debt, Net Boyd Gaming Corporation Debt Bank credit facility 3.88 % $ 903,275 $ (2,288 ) $ (8,894 ) $ 892,093 9.00% senior notes due 2020 9.00 % 350,000 — (6,647 ) 343,353 6.875% senior notes due 2023 6.88 % 750,000 — (12,525 ) 737,475 6.375% senior notes due 2026 6.38 % 750,000 — (12,935 ) 737,065 2,753,275 (2,288 ) (41,001 ) 2,709,986 Peninsula Segment Debt Bank credit facility 4.25 % 643,225 — (11,939 ) 631,286 8.375% senior notes due 2018 8.38 % 350,000 — (5,673 ) 344,327 993,225 — (17,612 ) 975,613 Total long-term debt 3,746,500 (2,288 ) (58,613 ) 3,685,599 Less current maturities 27,688 — — 27,688 Long-term debt, net $ 3,718,812 $ (2,288 ) $ (58,613 ) $ 3,657,911 December 31, 2015 Interest Unamortized Rates at Outstanding Unamortized Origination Long-Term (In thousands) Dec. 31, 2015 Principal Discount Fees and Costs Debt, Net Boyd Gaming Corporation Debt Bank credit facility 3.75 % $ 1,209,725 $ (2,702 ) $ (9,746 ) $ 1,197,277 9.00% senior notes due 2020 9.00 % 350,000 — (7,044 ) 342,956 6.875% senior notes due 2023 6.88 % 750,000 — (12,934 ) 737,066 2,309,725 (2,702 ) (29,724 ) 2,277,299 Peninsula Segment Debt Bank credit facility 4.25 % 662,750 — (14,143 ) 648,607 8.375% senior notes due 2018 8.38 % 350,000 — (6,357 ) 343,643 1,012,750 — (20,500 ) 992,250 Total long-term debt 3,322,475 (2,702 ) (50,224 ) 3,269,549 Less current maturities 29,750 — — 29,750 Long-term debt, net $ 3,292,725 $ (2,702 ) $ (50,224 ) $ 3,239,799
Bank Credit Facility | Bank Credit Facility [Member] | Parent
Line of Credit Facility [Line Items]
Schedule of Line of Credit Facilities	The outstanding principal amounts under the Third Amended and Restated Credit Agreement (the "Boyd Gaming Credit Facility") are comprised of the following: March 31, December 31, (In thousands) 2016 2015 Revolving Credit Facility $ — $ 240,000 Term A Loan 177,025 183,275 Term B Loan 726,250 730,750 Swing Loan — 55,700 Total outstanding principal amounts under the Boyd Gaming Credit Facility $ 903,275 $ 1,209,725
Bank Credit Facility | Bank Credit Facility [Member] | Subsidiary, Peninsula Gaming [Member]
Line of Credit Facility [Line Items]
Schedule of Line of Credit Facilities	The outstanding principal amounts under the Peninsula senior secured credit facility (the "Peninsula Credit Facility") are comprised of the following: March 31, December 31, ( In thousands ) 2016 2015 Term Loan $ 621,625 $ 647,750 Revolving Facility 14,000 9,000 Swing Loan 7,600 6,000 Total outstanding principal amounts under the Peninsula Credit Facility $ 643,225 $ 662,750

Stockholders' Equity and Stoc28

Stockholders' Equity and Stock Incentive Plans (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	The following table provides classification detail of the total costs related to our share-based employee compensation plans reported in our condensed consolidated statements of income. Three Months Ended March 31, (In thousands) 2016 2015 Gaming $ 85 $ 68 Food and beverage 16 13 Room 8 6 Selling, general and administrative 432 344 Corporate expense 2,722 3,010 Total share-based compensation expense $ 3,263 $ 3,441

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis	Balances Measured at Fair Value The following tables show the fair values of certain of our financial instruments: March 31, 2016 (In thousands) Balance Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 616,201 $ 616,201 $ — $ — Restricted cash 22,375 22,375 — — Investment available for sale 18,394 — — 18,394 Liabilities Contingent payments $ 3,560 $ — $ — $ 3,560 December 31, 2015 (In thousands) Balance Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 158,821 $ 158,821 $ — $ — Restricted cash 19,030 19,030 — — Investment available for sale 17,839 — — 17,839 Liabilities Contingent payments $ 3,632 $ — $ — $ 3,632
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation	The following table summarizes the changes in fair value of the Company's Level 3 assets and liabilities: Three Months Ended March 31, 2016 Assets Liability (In thousands) Investment Available for Sale Contingent Payments Balance at January 1, 2016 $ 17,839 $ (3,632 ) Total gains (losses) (realized or unrealized): Included in earnings 33 (154 ) Included in other comprehensive income 522 — Transfers in or out of Level 3 — — Purchases, sales, issuances and settlements: Settlements — 226 Balance at March 31, 2016 $ 18,394 $ (3,560 ) Gains (losses) included in earnings attributable to the change in unrealized gains relating to assets and liabilities still held at the reporting date: Included in interest income $ 33 $ — Included in interest expense — (154 ) Three Months Ended March 31, 2015 Assets Liabilities (In thousands) Investment Available for Sale Merger Earnout Contingent Payments Balance at January 1, 2015 $ 18,357 $ (75 ) $ (3,792 ) Total gains (losses) (realized or unrealized): Included in earnings 31 75 (159 ) Included in other comprehensive income 270 — — Transfers in or out of Level 3 — — — Purchases, sales, issuances and settlements: Settlements — — 230 Balance at March 31, 2015 $ 18,658 $ — $ (3,721 ) Gains (losses) included in earnings attributable to the change in unrealized gains relating to assets and liabilities still held at the reporting date: Included in interest income $ 31 $ — $ — Included in interest expense — — (159 )
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques	The table below summarizes the significant unobservable inputs used in calculating fair value for our Level 3 assets and liabilities: Valuation Technique Unobservable Input Rate Investment available for sale Discounted cash flow Discount rate 9.9 % Contingent payments Discounted cash flow Discount rate 18.5 %
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis	Balances Disclosed at Fair Value The following tables provide the fair value measurement information about our obligation under minimum assessment agreements and other financial instruments: March 31, 2016 (In thousands) Outstanding Face Amount Carrying Value Estimated Fair Value Fair Value Hierarchy Liabilities Obligation under assessment arrangements $ 34,655 $ 27,357 $ 28,282 Level 3 Other financial instruments 200 189 189 Level 3 December 31, 2015 (In thousands) Outstanding Face Amount Carrying Value Estimated Fair Value Fair Value Hierarchy Liabilities Obligation under assessment arrangements $ 35,126 $ 27,660 $ 28,381 Level 3 Other financial instruments 200 186 186 Level 3 The following tables provide the fair value measurement information about our long-term debt: March 31, 2016 (In thousands) Outstanding Face Amount Carrying Value Estimated Fair Value Fair Value Hierarchy Boyd Gaming Corporation Debt Bank credit facility $ 903,275 $ 892,093 $ 901,204 Level 2 9.00% senior notes due 2020 350,000 343,353 370,125 Level 1 6.875% senior notes due 2023 750,000 737,475 798,750 Level 1 6.375% senior notes due 2026 750,000 737,065 778,125 Level 1 2,753,275 2,709,986 2,848,204 Peninsula Segment Debt Bank credit facility 643,225 631,286 642,479 Level 2 8.375% Senior Notes due 2018 350,000 344,327 357,000 Level 2 993,225 975,613 999,479 Total debt $ 3,746,500 $ 3,685,599 $ 3,847,683 December 31, 2015 (In thousands) Outstanding Face Amount Carrying Value Estimated Fair Value Fair Value Hierarchy Boyd Gaming Corporation Debt Bank credit facility $ 1,209,725 $ 1,197,277 $ 1,202,870 Level 2 9.00% senior notes due 2020 350,000 342,956 372,750 Level 1 6.875% senior notes due 2023 750,000 737,066 772,500 Level 1 2,309,725 2,277,299 2,348,120 Peninsula Segment Debt Bank credit facility 662,750 648,607 661,131 Level 2 8.375% senior notes due 2018 350,000 343,643 357,000 Level 2 1,012,750 992,250 1,018,131 Total debt $ 3,322,475 $ 3,269,549 $ 3,366,251

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Schedule of Composition of Segments	We have aggregated certain of our properties in order to present five Reportable Segments: (i) Las Vegas Locals; (ii) Downtown Las Vegas; (iii) Midwest and South; (iv) Peninsula; and (v) Borgata. The table below lists the classification of each of our properties. Las Vegas Locals Gold Coast Hotel and Casino Las Vegas, Nevada The Orleans Hotel and Casino Las Vegas, Nevada Sam's Town Hotel and Gambling Hall Las Vegas, Nevada Suncoast Hotel and Casino Las Vegas, Nevada Eldorado Casino Henderson, Nevada Jokers Wild Casino Henderson, Nevada Downtown Las Vegas California Hotel and Casino Las Vegas, Nevada Fremont Hotel and Casino Las Vegas, Nevada Main Street Station Casino, Brewery and Hotel Las Vegas, Nevada Midwest and South Sam's Town Hotel and Gambling Hall Tunica, Mississippi IP Casino Resort Spa Biloxi, Mississippi Par-A-Dice Hotel Casino East Peoria, Illinois Blue Chip Casino, Hotel & Spa Michigan City, Indiana Treasure Chest Casino Kenner, Louisiana Delta Downs Racetrack Casino & Hotel Vinton, Louisiana Sam's Town Hotel and Casino Shreveport, Louisiana Peninsula Diamond Jo Dubuque Dubuque, Iowa Diamond Jo Worth Northwood, Iowa Evangeline Downs Racetrack and Casino Opelousas, Louisiana Amelia Belle Casino Amelia, Louisiana Kansas Star Casino Mulvane, Kansas Borgata Borgata Hotel Casino & Spa Atlantic City, New Jersey
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated	The following table sets forth, for the periods indicated, certain operating data for our Reportable Segments, and reconciles Total Reportable Segment Adjusted EBITDA to operating income, as reported in our accompanying condensed consolidated statements of income: Three Months Ended March 31, (In thousands) 2016 2015 Net Revenues Las Vegas Locals $ 158,398 $ 150,302 Downtown Las Vegas 58,605 56,603 Midwest and South 209,185 217,764 Peninsula 126,190 125,909 Total Reportable Segment Net Revenues $ 552,378 $ 550,578 Adjusted EBITDA Las Vegas Locals $ 44,271 $ 38,877 Downtown Las Vegas 12,681 10,677 Midwest and South 48,813 50,984 Peninsula 47,112 46,363 Borgata 22,668 18,913 Total Reportable Segment Adjusted EBITDA 175,545 165,814 Corporate expense (15,185 ) (16,642 ) Adjusted EBITDA 160,360 149,172 Other operating costs and expenses Deferred rent 817 857 Depreciation and amortization 47,653 51,942 Share-based compensation expense 3,263 3,441 Project development, preopening and writedowns 1,841 955 Impairments of assets 1,440 1,065 Other operating items, net 429 116 Our share of Borgata's other operating costs and expenses 3,831 7,238 Total other operating costs and expenses 59,274 65,614 Operating income $ 101,086 $ 83,558
Reconciliation of Assets from Segment to Consolidated	The Company's assets by Reportable Segment consisted of the following amounts: March 31, December 31, (In thousands) 2016 2015 Assets Las Vegas Locals $ 1,139,016 $ 1,155,224 Downtown Las Vegas 134,937 138,159 Midwest and South 1,238,370 1,263,751 Peninsula 1,361,437 1,370,991 Total Reportable Segment Assets 3,873,760 3,928,125 Corporate 923,323 422,775 Total Assets $ 4,797,083 $ 4,350,900

Condensed Consolidating Finan31

Condensed Consolidating Financial Information (Tables)	3 Months Ended
	Mar. 31, 2016
Schedule of adjustments [Line Items]
Schedule of Condensed Balance Sheet	Condensed Consolidating Balance Sheets March 31, 2016 Non- Non- Guarantor Guarantor Subsidiaries Subsidiaries Guarantor (100% (Not 100% (In thousands) Parent Subsidiaries Owned) Owned) Eliminations Consolidated Assets Cash and cash equivalents $ 502,247 $ 84,304 $ 29,429 $ 221 $ — $ 616,201 Other current assets 12,635 56,330 28,564 — (1,046 ) 96,483 Property and equipment, net 64,989 1,740,847 404,646 — — 2,210,482 Investments in subsidiaries 3,616,657 174,761 — — (3,537,820 ) 253,598 Intercompany receivable — 1,974,486 — — (1,974,486 ) — Other assets, net 13,033 9,180 26,734 — — 48,947 Intangible assets, net — 406,265 479,797 — — 886,062 Goodwill, net — 212,794 472,516 — — 685,310 Total assets $ 4,209,561 $ 4,658,967 $ 1,441,686 $ 221 $ (5,513,352 ) $ 4,797,083 Liabilities and Stockholders' Equity Current maturities of long-term debt $ 21,500 $ — $ 6,188 $ — $ — $ 27,688 Other current liabilities 77,920 143,293 89,367 — (286 ) 310,294 Accumulated losses of subsidiaries in excess of investment — — 315 — (315 ) — Intercompany payable 840,588 — 1,133,504 475 (1,974,567 ) — Long-term debt, net of current maturities and debt issuance costs 2,688,486 — 969,425 — — 3,657,911 Other long-term liabilities 37,518 156,198 63,875 — — 257,591 Boyd Gaming Corporation stockholders' equity (deficit) 543,549 4,359,476 (820,988 ) (254 ) (3,538,234 ) 543,549 Noncontrolling interest — — — — 50 50 Total stockholders' equity (deficit) 543,549 4,359,476 (820,988 ) (254 ) (3,538,184 ) 543,599 Total liabilities and stockholders' equity $ 4,209,561 $ 4,658,967 $ 1,441,686 $ 221 $ (5,513,352 ) $ 4,797,083 Condensed Consolidating Balance Sheets - continued December 31, 2015 Non- Non- Guarantor Guarantor Subsidiaries Subsidiaries Guarantor (100% (Not 100% (In thousands) Parent Subsidiaries Owned) Owned) Eliminations Consolidated Assets Cash and cash equivalents $ 2 $ 124,426 $ 34,172 $ 221 $ — $ 158,821 Other current assets 14,602 61,157 23,660 — (1,008 ) 98,411 Property and equipment, net 68,515 1,745,203 411,624 — — 2,225,342 Investments in subsidiaries 3,547,690 138,116 — — (3,441,185 ) 244,621 Intercompany receivable — 1,867,783 — — (1,867,783 ) — Other assets, net 12,521 8,982 26,838 — — 48,341 Intangible assets, net — 406,540 483,514 — — 890,054 Goodwill, net — 212,794 472,516 — — 685,310 Total assets $ 3,643,330 $ 4,565,001 $ 1,452,324 $ 221 $ (5,309,976 ) $ 4,350,900 Liabilities and Stockholders' Equity Current maturities of long-term debt $ 21,500 $ — $ 8,250 $ — $ — $ 29,750 Other current liabilities 102,946 146,178 76,482 — (285 ) 325,321 Accumulated losses of subsidiaries in excess of investment — — 3,192 — (3,192 ) — Intercompany payable 720,400 — 1,147,082 475 (1,867,957 ) — Long-term debt, net of current maturities and debt issuance costs 2,255,800 — 983,999 — — 3,239,799 Other long-term liabilities 34,723 154,633 58,663 — — 248,019 Boyd Gaming Corporation stockholders' equity (deficit) 507,961 4,264,190 (825,344 ) (254 ) (3,438,592 ) 507,961 Noncontrolling interest — — — — 50 50 Total stockholders' equity (deficit) 507,961 4,264,190 (825,344 ) (254 ) (3,438,542 ) 508,011 Total liabilities and stockholders' equity $ 3,643,330 $ 4,565,001 $ 1,452,324 $ 221 $ (5,309,976 ) $ 4,350,900
Schedule of Condensed Income Statement	Condensed Consolidating Statements of Income Three Months Ended March 31, 2016 Non- Non- Guarantor Guarantor Subsidiaries Subsidiaries Guarantor (100% (Not 100% (In thousands) Parent Subsidiaries Owned) Owned) Eliminations Consolidated Net revenues $ 31,201 $ 419,641 $ 138,316 $ — $ (36,780 ) $ 552,378 Operating costs and expenses Operating 450 221,709 73,000 — — 295,159 Selling, general and administrative 12,386 54,173 15,290 — 2 81,851 Maintenance and utilities — 20,447 3,401 — — 23,848 Depreciation and amortization 1,778 31,175 14,700 — — 47,653 Corporate expense 16,309 53 1,545 — — 17,907 Project development, preopening and writedowns 756 376 709 — — 1,841 Impairments of assets 1,440 — — — — 1,440 Other operating items, net 106 323 — — — 429 Intercompany expenses 301 31,238 5,243 — (36,782 ) — Total operating costs and expenses 33,526 359,494 113,888 — (36,780 ) 470,128 Equity in earnings of subsidiaries 68,519 23,094 — — (72,777 ) 18,836 Operating income (loss) 66,194 83,241 24,428 — (72,777 ) 101,086 Other expense (income) Interest expense, net 32,928 2,286 17,354 — — 52,568 Loss on early extinguishments of debt — — 427 — — 427 Other, net 1 — 76 — — 77 Boyd's share of Borgata's non-operating items, net — 7,206 — — — 7,206 Total other expense, net 32,929 9,492 17,857 — — 60,278 Income (loss) before income taxes 33,265 73,749 6,571 — (72,777 ) 40,808 Income taxes benefit (provision) (75 ) (1,918 ) (5,625 ) — — (7,618 ) Net income (loss) $ 33,190 $ 71,831 $ 946 $ — $ (72,777 ) $ 33,190 Comprehensive income (loss) $ 33,712 $ 72,353 $ 1,468 $ — $ (73,821 ) $ 33,712 Condensed Consolidating Statements of Income - continued Three Months Ended March 31, 2015 Non- Non- Guarantor Guarantor Subsidiaries Subsidiaries Guarantor (100% (Not 100% (In thousands) Parent Subsidiaries Owned) Owned) Eliminations Consolidated Net revenues $ 30,796 $ 418,592 $ 137,525 $ — $ (36,335 ) $ 550,578 Costs and expenses Operating 450 223,587 73,920 — — 297,957 Selling, general and administrative 12,403 54,342 14,944 — — 81,689 Maintenance and utilities — 21,711 3,608 — — 25,319 Depreciation and amortization 1,287 32,687 17,968 — — 51,942 Corporate expense 18,467 54 1,131 — — 19,652 Project development, preopening and writedowns (52 ) (17 ) 983 41 — 955 Impairments of assets — — 1,065 — — 1,065 Other operating items, net — 70 46 — — 116 Intercompany expenses 301 30,841 5,193 — (36,335 ) — Total operating costs and expenses 32,856 363,275 118,858 41 (36,335 ) 478,695 Equity in earnings of subsidiaries 47,768 7,652 (41 ) — (43,704 ) 11,675 Operating income (loss) 45,708 62,969 18,626 (41 ) (43,704 ) 83,558 Other expense (income) Interest expense, net 33,396 702 22,366 — — 56,464 Loss on early extinguishments of debt — — 508 — — 508 Other, net 416 — 202 — — 618 Boyd's share of Borgata's non-operating items, net — 7,661 — — — 7,661 Total other expense, net 33,812 8,363 23,076 — — 65,251 Income (loss) before income taxes 11,896 54,606 (4,450 ) (41 ) (43,704 ) 18,307 Income taxes benefit (provision) 23,207 (1,927 ) (4,484 ) — — 16,796 Net income (loss) $ 35,103 $ 52,679 $ (8,934 ) $ (41 ) $ (43,704 ) $ 35,103 Comprehensive income (loss) $ 35,374 $ 52,950 $ (8,663 ) $ (41 ) $ (44,246 ) $ 35,374
Schedule of Condensed Cash Flow Statement	Condensed Consolidating Statements of Cash Flows Three Months Ended March 31, 2016 Non- Non- Guarantor Guarantor Subsidiaries Subsidiaries Guarantor (100% (Not 100% (In thousands) Parent Subsidiaries Owned) Owned) Eliminations Consolidated Cash flows from operating activities Net cash from operating activities $ (35,967 ) $ 86,355 $ 32,735 $ — $ (93 ) $ 83,030 Cash flows from investing activities Capital expenditures (11,143 ) (19,774 ) (4,380 ) — — (35,297 ) Net activity with affiliates — (106,703 ) — — 106,703 — Other investing activities — — 5 — — 5 Net cash from investing activities (11,143 ) (126,477 ) (4,375 ) — 106,703 (35,292 ) Cash flows from financing activities Borrowings under bank credit facility 223,900 — 95,200 — — 319,100 Payments under bank credit facility (530,350 ) — (114,725 ) — — (645,075 ) Proceeds from issuance of senior notes 750,000 — — — — 750,000 Debt financing costs, net (12,996 ) — — — — (12,996 ) Net activity with affiliates 120,188 — (13,578 ) — (106,610 ) — Share-based compensation activities, net (1,387 ) — — — — (1,387 ) Net cash from financing activities 549,355 — (33,103 ) — (106,610 ) 409,642 Net change in cash and cash equivalents 502,245 (40,122 ) (4,743 ) — — 457,380 Cash and cash equivalents, beginning of period 2 124,426 34,172 221 — 158,821 Cash and cash equivalents, end of period $ 502,247 $ 84,304 $ 29,429 $ 221 $ — $ 616,201 Condensed Consolidating Statements of Cash Flows - continued Three Months Ended March 31, 2015 Non- Non- Guarantor Guarantor Subsidiaries Subsidiaries Guarantor (100% (Not 100% (In thousands) Parent Subsidiaries Owned) Owned) Eliminations Consolidated Cash flows from operating activities Net cash from operating activities $ (26,888 ) $ 75,990 $ 5,730 $ (41 ) $ 4,847 $ 59,638 Cash flows from investing activities Capital expenditures (6,152 ) (6,006 ) (7,111 ) — — (19,269 ) Net activity with affiliates — (83,331 ) — — 83,331 — Other investing activities — — 2,316 — — 2,316 Net cash from investing activities (6,152 ) (89,337 ) (4,795 ) — 83,331 (16,953 ) Cash flows from financing activities Borrowings under bank credit facility 203,700 — 91,400 — — 295,100 Payments under bank credit facility (245,675 ) — (108,625 ) — — (354,300 ) Payments on long-term debt — — (2 ) — — (2 ) Net activity with affiliates 73,815 — 14,322 41 (88,178 ) — Share-based compensation activities, net 1,973 — — — — 1,973 Net cash from financing activities 33,813 — (2,905 ) 41 (88,178 ) (57,229 ) Net change in cash and cash equivalents 773 (13,347 ) (1,970 ) — — (14,544 ) Cash and cash equivalents, beginning of period 2 111,452 33,668 219 — 145,341 Cash and cash equivalents, end of period $ 775 $ 98,105 $ 31,698 $ 219 $ — $ 130,797

Organization and Basis of Pre32

Organization and Basis of Presentation (Details)	3 Months Ended
	Mar. 31, 2016propertyentity	Jan. 31, 2010
Consolidated Entities [Line Items]
Number of gaming entertainment properties | property	21
Number of controlling interests held | entity	1
Subsidiary, Borgata
Consolidated Entities [Line Items]
Equity Method Investment, Ownership Percentage		50.00%

Summary of Significant Accoun33

Summary of Significant Accounting Policies (Promotional Allowances) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Allowances [Line Items]
Document Fiscal Year Focus	2,016
Promotional allowances	$ 60,314	$ 59,513
Cost of promotional allowances	44,821	45,121
Rooms
Allowances [Line Items]
Promotional allowances	18,945	18,744
Cost of promotional allowances	8,569	8,782
Food and Beverage
Allowances [Line Items]
Promotional allowances	37,452	37,714
Cost of promotional allowances	33,271	33,552
Other Products and Services
Allowances [Line Items]
Promotional allowances	3,917	3,055
Cost of promotional allowances	$ 2,981	$ 2,787

Summary of Significant Accoun34

Summary of Significant Accounting Policies (Gaming Taxes) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accounting Policies [Abstract]
Gaming taxes	$ 82.6	$ 83.4

Summary of Significant Accoun35

Summary of Significant Accounting Policies (Unrecognized Tax Benefits) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Income Tax Contingency [Line Items]
Document Fiscal Year Focus	2,016
Deferred Tax Assets, Valuation Allowance	$ 240.4

Summary of Significant Accoun36

Summary of Significant Accounting Policies (Weighted Average Shares Outstanding) (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Weighted average shares outstanding:
Basic	114,109	111,446
Weighted average diluted shares outstanding	114,868	112,358

Disposition (Disposition) (Deta

Disposition (Disposition) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Business Acquisition [Line Items]
Net revenues	$ 552,378	$ 550,578
Net income (loss) attributable to Boyd Gaming Corporation	$ 33,190	$ 35,103

Investment in Borgata (Narrativ

Investment in Borgata (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Jan. 31, 2010
Consolidated Entities [Line Items]
Assets, Current	$ 712,684		$ 257,232
Impairments of assets	1,440	$ 1,065
Investment in unconsolidated subsidiary	253,598		244,621
Assets	(4,797,083)		(4,350,900)
Liabilities, Current	$ 337,982		$ 355,071
Subsidiary, Borgata
Consolidated Entities [Line Items]
Equity Method Investment, Ownership Percentage				50.00%

Investment in Borgata Equity In

Investment in Borgata Equity Investment Summarized Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Cash and cash equivalents	$ 616,201	$ 130,797	$ 158,821	$ 145,341
Non-operating expenses	53,065	56,935
Income taxes benefit (provision)	7,618	(16,796)
Subsidiary, Borgata
Cash and cash equivalents	29,838		44,134
Net revenues	190,293	182,589
Operating expenses	152,620	159,239
Operating income	37,673	23,350
Non-operating expenses	14,412	15,322
Net income	(23,261)	(8,028)
Long-term Debt, Gross	651,450		697,550
Parent
Cash and cash equivalents	502,247	775	2	$ 2
Income taxes benefit (provision)	75	$ (23,207)
Long-term Debt, Gross	2,753,275		2,309,725
Bank Credit Facility [Member] | Subsidiary, Borgata
Long-term Debt, Gross	11,600		37,700
2018 Term Loan [Member] | Subsidiary, Borgata
Long-term Debt, Gross	223,000		240,900
2023 Term Loan [Member] | Subsidiary, Borgata
Long-term Debt, Gross	$ 416,850		$ 418,950

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 4,237,983		$ 4,210,356
Less accumulated depreciation	2,027,501		1,985,014
Property and equipment, net	2,210,482		2,225,342
Depreciation expense	43,556	$ 45,102
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	228,417		229,857
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,553,426		2,539,578
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,173,338		1,152,277
Riverboats and barges
Property, Plant and Equipment [Line Items]
Property and equipment, gross	238,730		238,743
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	36,668		42,497
Other
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 7,404		$ 7,404

Intangible Assets (Summary of A

Intangible Assets (Summary of Amortizing and Indefinite-Lived Intangibles) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Intangible Assets [Line Items]
Intangible assets, gross	$ 1,205,879	$ 1,205,879
Intangible assets, cumulative amortization	(159,943)	(155,951)
Intangible assets, cumulative impairment	(159,874)	(159,874)
Intangible assets, net	886,062	890,054
Amortizing intangibles:
Gross carrying value	203,043	203,043
Cumulative amortization	(125,983)	(121,991)
Cumulative impairment losses	0	0
Intangible assets, net	77,060	81,052
Indefinite lived intangible assets:
Gross carrying value	1,002,836	1,002,836
Cumulative amortization	(33,960)	(33,960)
Cumulative impairment losses	(159,874)	(159,874)
Intangible assets, net	$ 809,002	$ 809,002
Customer Relationships [Member]
Amortizing intangibles:
Weighted average life	1 year 7 months 6 days	1 year 11 months
Gross carrying value	$ 136,300	$ 136,300
Cumulative amortization	(113,711)	(109,994)
Cumulative impairment losses	0	0
Intangible assets, net	$ 22,589	$ 26,306
Off-Market Favorable Lease [Member]
Amortizing intangibles:
Weighted average life	32 years 2 months 12 days	32 years 4 months 24 days
Gross carrying value	$ 45,370	$ 45,370
Cumulative amortization	(12,272)	(11,997)
Cumulative impairment losses	0	0
Intangible assets, net	$ 33,098	$ 33,373
Non-Competition Agreement
Amortizing intangibles:
Weighted average life		0 years
Development Agreement
Amortizing intangibles:
Weighted average life	0 years	0 years
Gross carrying value	$ 21,373	$ 21,373
Cumulative amortization	0	0
Cumulative impairment losses	0	0
Intangible assets, net	21,373	21,373
Trademarks
Indefinite lived intangible assets:
Gross carrying value	129,501	129,501
Cumulative amortization	0	0
Cumulative impairment losses	(3,500)	(3,500)
Intangible assets, net	126,001	126,001
Gaming License Rights
Indefinite lived intangible assets:
Gross carrying value	873,335	873,335
Cumulative amortization	(33,960)	(33,960)
Cumulative impairment losses	(156,374)	(156,374)
Intangible assets, net	$ 683,001	$ 683,001

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Payables and Accruals [Abstract]
Payroll and related expenses	$ 61,815	$ 71,815
Interest	32,546	35,337
Gaming liabilities	33,104	37,496
Player loyalty program liabilities	18,464	18,491
Accrued liabilities	97,188	86,379
Total accrued liabilities	$ 243,117	$ 249,518

Long-Term Debt (Schedule of Lon

Long-Term Debt (Schedule of Long-term Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Unamortized discount	$ (2,288)	$ (2,702)
Unamortized origination fees	(58,613)	(50,224)
Current maturities of long-term debt	27,688	29,750
Long-term debt, gross, excluding current maturities	3,718,812	3,292,725
Long-term debt, net of current maturities and debt issuance costs	$ 3,657,911	3,239,799
Senior Notes | 9.00% Senior Notes Due 2020
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	9.00%
Parent
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 2,753,275	2,309,725
Unamortized discount	(2,288)	(2,702)
Unamortized origination fees	(41,001)	(29,724)
Long-term debt, net	2,709,986	2,277,299
Current maturities of long-term debt	21,500	21,500
Long-term debt, net of current maturities and debt issuance costs	2,688,486	2,255,800
Parent | Bank Credit Facility
Debt Instrument [Line Items]
Amount outstanding	903,275	$ 1,209,725
Remaining borrowing capacity	$ 592,900
Parent | Bank Credit Facility | Bank Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate at period end	3.881%	3.75%
Unamortized discount	$ (2,288)	$ (2,702)
Unamortized origination fees	(8,894)	(9,746)
Parent | Senior Notes | 9.00% Senior Notes Due 2020
Debt Instrument [Line Items]
Unamortized discount	0	0
Unamortized origination fees	$ 6,647	$ (7,044)
Debt Instrument, Interest Rate, Stated Percentage	9.00%	9.00%
Parent | Senior Notes | 6.875 % Senior Notes Due 2023
Debt Instrument [Line Items]
Unamortized discount	$ 0	$ 0
Unamortized origination fees	$ (12,525)	$ (12,934)
Debt Instrument, Interest Rate, Stated Percentage	6.875%	6.875%
Parent | Senior Notes | 6.375% Senior Notes Due 2026
Debt Instrument [Line Items]
Unamortized discount	$ 0
Unamortized origination fees	$ (12,935)
Debt Instrument, Interest Rate, Stated Percentage	6.375%
Subsidiary, Peninsula Gaming [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 993,225	$ 1,012,750
Unamortized discount	0	0
Unamortized origination fees	(17,612)	(20,500)
Long-term debt, net	975,613	992,250
Subsidiary, Peninsula Gaming [Member] | Bank Credit Facility
Debt Instrument [Line Items]
Amount outstanding	643,225	$ 662,750
Remaining borrowing capacity	$ 23,400
Subsidiary, Peninsula Gaming [Member] | Bank Credit Facility | Bank Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate at period end	4.25%	4.25%
Unamortized discount	$ 0	$ 0
Unamortized origination fees	11,939	(14,143)
Subsidiary, Peninsula Gaming [Member] | Senior Notes | Peninsula Senior Notes due 2018 [Member]
Debt Instrument [Line Items]
Unamortized discount	0	0
Unamortized origination fees	$ 5,673	$ (6,357)
Debt Instrument, Interest Rate, Stated Percentage	8.38%	8.38%
Consolidated, Excluding Borgata [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 3,746,500	$ 3,322,475
Unamortized discount	(2,288)	(2,702)
Unamortized origination fees	(58,613)	(50,224)
Long-term debt, net	3,685,599	3,269,549
Subsidiary, Borgata
Debt Instrument [Line Items]
Long-term Debt, Gross	651,450	697,550
Subsidiary, Borgata | Bank Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	11,600	37,700
Fair Value, Measurements, Nonrecurring [Member] | Level 2 | Parent | Bank Credit Facility | Bank Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	903,275	1,209,725
Fair Value, Measurements, Nonrecurring [Member] | Level 2 | Subsidiary, Peninsula Gaming [Member] | Bank Credit Facility | Bank Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross		662,750
Long-term debt, net	643,225	662,750
Fair Value, Measurements, Nonrecurring [Member] | Level 2 | Subsidiary, Peninsula Gaming [Member] | Senior Notes | Peninsula Senior Notes due 2018 [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross		350,000
Long-term debt, net	350,000	350,000
Fair Value, Measurements, Nonrecurring [Member] | Level 1 | Parent | Senior Notes | 9.00% Senior Notes Due 2020
Debt Instrument [Line Items]
Long-term Debt, Gross	350,000	350,000
Fair Value, Measurements, Nonrecurring [Member] | Level 1 | Parent | Senior Notes | 6.875 % Senior Notes Due 2023
Debt Instrument [Line Items]
Long-term Debt, Gross	750,000	750,000
Fair Value, Measurements, Nonrecurring [Member] | Level 1 | Parent | Senior Notes | 6.375% Senior Notes Due 2026
Debt Instrument [Line Items]
Long-term Debt, Gross	750,000
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Parent
Debt Instrument [Line Items]
Commitments, Fair Value Disclosure	34,655	35,126
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Parent
Debt Instrument [Line Items]
Commitments, Fair Value Disclosure	28,282	28,381
Carrying Value | Parent
Debt Instrument [Line Items]
Long-term debt, net	2,709,986	2,277,299
Carrying Value | Subsidiary, Peninsula Gaming [Member]
Debt Instrument [Line Items]
Long-term debt, net	975,613	992,250
Carrying Value | Consolidated, Excluding Borgata [Member]
Debt Instrument [Line Items]
Long-term debt, net	3,685,599	3,269,549
Carrying Value | Fair Value, Measurements, Nonrecurring [Member] | Level 2 | Parent | Bank Credit Facility | Bank Credit Facility [Member]
Debt Instrument [Line Items]
Long-term debt, net	892,093	1,197,277
Carrying Value | Fair Value, Measurements, Nonrecurring [Member] | Level 2 | Subsidiary, Peninsula Gaming [Member] | Bank Credit Facility | Bank Credit Facility [Member]
Debt Instrument [Line Items]
Long-term debt, net	631,286	648,607
Carrying Value | Fair Value, Measurements, Nonrecurring [Member] | Level 2 | Subsidiary, Peninsula Gaming [Member] | Senior Notes | Peninsula Senior Notes due 2018 [Member]
Debt Instrument [Line Items]
Long-term debt, net	344,327	343,643
Carrying Value | Fair Value, Measurements, Nonrecurring [Member] | Level 1 | Parent | Senior Notes | 9.00% Senior Notes Due 2020
Debt Instrument [Line Items]
Long-term debt, net	343,353	342,956
Carrying Value | Fair Value, Measurements, Nonrecurring [Member] | Level 1 | Parent | Senior Notes | 6.875 % Senior Notes Due 2023
Debt Instrument [Line Items]
Long-term debt, net	737,475	737,066
Carrying Value | Fair Value, Measurements, Nonrecurring [Member] | Level 1 | Parent | Senior Notes | 6.375% Senior Notes Due 2026
Debt Instrument [Line Items]
Long-term debt, net	737,065
Carrying Value | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Parent
Debt Instrument [Line Items]
Commitments, Fair Value Disclosure	$ 27,357	$ 27,660

Long-Term Debt (Schedule of Boy

Long-Term Debt (Schedule of Boyd Bank Credit Facility) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Line of Credit Facility [Line Items]
Borrowings under Boyd Gaming bank credit facility	$ 223,900	$ 203,700
Loss on early extinguishments of debt	427	508
Parent
Line of Credit Facility [Line Items]
Loss on early extinguishments of debt	0	$ 0
Bank Credit Facility | Swing Loan [Member]
Line of Credit Facility [Line Items]
Amount outstanding	7,600		$ 6,000
Bank Credit Facility | Parent
Line of Credit Facility [Line Items]
Amount outstanding	903,275		1,209,725
Bank Credit Facility | Parent | Initial Term Loan
Line of Credit Facility [Line Items]
Amount outstanding	177,025		183,275
Bank Credit Facility | Parent | Incremental Term Loan [Member]
Line of Credit Facility [Line Items]
Amount outstanding	726,250		730,750
Bank Credit Facility | Parent | Swing Loan [Member]
Line of Credit Facility [Line Items]
Amount outstanding	0		55,700
Bank Credit Facility | Subsidiary, Peninsula Gaming [Member]
Line of Credit Facility [Line Items]
Amount outstanding	$ 643,225		$ 662,750

Long-Term Debt (Boyd Bank Credi

Long-Term Debt (Boyd Bank Credit Facility Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Line of Credit Facility [Line Items]
Loss on early extinguishments of debt	$ 427	$ 508
Parent
Line of Credit Facility [Line Items]
Loss on early extinguishments of debt	0	$ 0
Parent | Bank Credit Facility
Line of Credit Facility [Line Items]
Amount outstanding	903,275		$ 1,209,725
Remaining borrowing capacity	592,900
Parent | Bank Credit Facility | Initial Term Loan
Line of Credit Facility [Line Items]
Amount outstanding	177,025		183,275
Parent | Bank Credit Facility | Incremental Term Loan [Member]
Line of Credit Facility [Line Items]
Amount outstanding	726,250		730,750
Parent | Letter of Credit
Line of Credit Facility [Line Items]
Amount outstanding	7,100
Subsidiary, Peninsula Gaming [Member] | Bank Credit Facility
Line of Credit Facility [Line Items]
Amount outstanding	643,225		$ 662,750
Remaining borrowing capacity	23,400
Subsidiary, Peninsula Gaming [Member] | Letter of Credit
Line of Credit Facility [Line Items]
Amount outstanding	$ 5,000

Long-Term Debt (Boyd Senior and

Long-Term Debt (Boyd Senior and Senior Subordinated Notes Narrative) (Details) - USD ($) $ in Thousands	Mar. 29, 2016	Mar. 31, 2016	Mar. 31, 2015	Mar. 28, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Debt Instrument, Unamortized Origination Fees		$ 58,613			$ 50,224
Debt financing costs		12,996	$ 0
Loss on early extinguishments of debt		427	508
Parent
Debt Instrument [Line Items]
Debt Instrument, Unamortized Origination Fees		41,001			$ 29,724
Debt financing costs		12,996
Loss on early extinguishments of debt		$ 0	$ 0
Parent | Senior Notes | 6.375% Senior Notes Due 2026
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		6.375%
Debt Instrument, Face Amount				$ 750,000
Debt Instrument, Unamortized Origination Fees		$ 12,935
Debt financing costs	$ 13,000
Parent | Senior Notes | 6.875 % Senior Notes Due 2023
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		6.875%			6.875%
Debt Instrument, Unamortized Origination Fees		$ 12,525			$ 12,934
Prior to April 1, 2021 [Member] | Parent | Senior Notes | 6.375% Senior Notes Due 2026
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	100.00%
2024 [Member] | Parent | Senior Notes | 6.375% Senior Notes Due 2026
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	100.00%
2021 [Member] | Parent | Senior Notes | 6.375% Senior Notes Due 2026
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	103.188%

Long-Term Debt (Peninsula Bank

Long-Term Debt (Peninsula Bank Credit Facility Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Debt Instrument [Line Items]
Loss on early extinguishments of debt	$ 427	$ 508
Subsidiary, Peninsula Gaming [Member] | Bank Credit Facility
Debt Instrument [Line Items]
Amount outstanding	643,225		$ 662,750
Remaining borrowing capacity	23,400
Subsidiary, Peninsula Gaming [Member] | Letter of Credit
Debt Instrument [Line Items]
Amount outstanding	5,000
Term Loan [Member] | Subsidiary, Peninsula Gaming [Member] | Bank Credit Facility
Debt Instrument [Line Items]
Amount outstanding	621,625		647,750
Revolver [Member] | Subsidiary, Peninsula Gaming [Member] | Bank Credit Facility
Debt Instrument [Line Items]
Amount outstanding	14,000		9,000
Swing Loan [Member] | Bank Credit Facility
Debt Instrument [Line Items]
Amount outstanding	$ 7,600		$ 6,000

Long-Term Debt (Borgata Debt Na

Long-Term Debt (Borgata Debt Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Debt Instrument [Line Items]
Loss on early retirements of debt	$ (427)	$ (508)
Parent
Debt Instrument [Line Items]
Loss on early retirements of debt	0	$ 0
Parent | Bank Credit Facility
Debt Instrument [Line Items]
Amount outstanding	903,275		$ 1,209,725
Remaining borrowing capacity	592,900
Parent | Letter of Credit
Debt Instrument [Line Items]
Amount outstanding	7,100
Revolving Credit Facility [Member] | Parent | Bank Credit Facility
Debt Instrument [Line Items]
Amount outstanding	0		240,000
Initial Term Loan | Parent | Bank Credit Facility
Debt Instrument [Line Items]
Amount outstanding	177,025		183,275
Incremental Term Loan [Member] | Parent | Bank Credit Facility
Debt Instrument [Line Items]
Amount outstanding	726,250		730,750
Swing Loan [Member] | Bank Credit Facility
Debt Instrument [Line Items]
Amount outstanding	7,600		6,000
Swing Loan [Member] | Parent | Bank Credit Facility
Debt Instrument [Line Items]
Amount outstanding	$ 0		$ 55,700

Long-Term Debt Loss on Early Ex

Long-Term Debt Loss on Early Extinguishment of Debt (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Extinguishment of Debt [Line Items]
Loss on early extinguishments of debt	$ 427	$ 508
Parent
Extinguishment of Debt [Line Items]
Loss on early extinguishments of debt	$ 0	$ 0

Stockholders' Equity and Stoc50

Stockholders' Equity and Stock Incentive Plans (Classification of Costs) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 3,263	$ 3,441
Gaming
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	85	68
Food and Beverage
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	16	13
Room
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	8	6
Selling, General and Administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	432	344
Corporate Expense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 2,722	$ 3,010
Common Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	213,365	654,478
Shares to be issued to settle PSUs	0.59	1.67
Shares Paid for Tax Withholding for Share Based Compensation	54,338	177,274
Release of performance stock units, net of tax	159,027	477,204

Noncontrolling Interest (Narrat

Noncontrolling Interest (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Noncontrolling Interest [Line Items]
Noncontrolling interest	$ 50	$ 50

Noncontrolling Interest (Change

Noncontrolling Interest (Changes in Noncontrolling Interest) (Details) $ in Thousands	Mar. 31, 2016USD ($)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, January 1, 2015	$ 50
Balance, March 31, 2015	$ 50

Fair Value Measurements (Balanc

Fair Value Measurements (Balance Measured at Fair Value) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Document Period End Date	Mar. 31, 2016
Assets
Cash and Cash Equivalents, at Carrying Value	$ 616,201	$ 158,821	$ 130,797	$ 145,341
Restricted Cash and Cash Equivalents, Current	22,375	19,030
Fair Value, Measurements, Recurring [Member]
Assets
Cash and cash equivalents	616,201	158,821
Restricted cash	22,375	19,030
Investment available for sale	18,394	17,839
Liabilities
Business Combination, Contingent Consideration, Liability	3,560	3,632
Fair Value, Measurements, Recurring [Member] | Level 1
Assets
Investment available for sale	0	0
Liabilities
Business Combination, Contingent Consideration, Liability	0	0
Fair Value, Measurements, Recurring [Member] | Level 2
Assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Investment available for sale	0	0
Liabilities
Business Combination, Contingent Consideration, Liability	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Investment available for sale	18,394	17,839
Liabilities
Business Combination, Contingent Consideration, Liability	3,560	3,632
Parent
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Gross	2,753,275	2,309,725
Long-term debt, net	2,709,986	2,277,299
Assets
Cash and Cash Equivalents, at Carrying Value	502,247	2	$ 775	$ 2
Parent | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commitments, Fair Value Disclosure	34,655	35,126
Liabilities
Other Financial Instruments	200	200
Estimate of Fair Value Measurement [Member] | Parent | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commitments, Fair Value Disclosure	28,282	28,381
Liabilities
Other Financial Instruments	189	186
Peninsula Gaming
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Current	400	400
Assets
Investment available for sale	18,000	17,400
Liabilities
Fair Value, Discount Amount, Available for sales securities	$ 3,200	$ 3,200

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative-Balances Measured at Fair Value) (Details) - USD ($) $ in Thousands	Dec. 20, 2011	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Document Period End Date		Mar. 31, 2016
Kansas Star [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Contingent Consideration Arrangements, Payment to Option Holder, Percentage of EBITDA	1.00%
Business Combination, Contingent Consideration Arrangements, Payment to Option Holder, Term	10 years
Peninsula Gaming
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Current		$ 400	$ 400
Investment available for sale		18,000	17,400
Fair Value, Discount Amount, Available for sales securities		3,200	3,200
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, gross		21,400
Investment available for sale		18,394	17,839
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment available for sale		$ 18,394	$ 17,839
Contingent Consideration Liability [Member] | Discount Rate | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques, Unobservable Inputs, Rate, Percentage		18.50%

Fair Value Measurements (Change

Fair Value Measurements (Changes in Fair Value of Level 3 Assets and Liabilities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Document Period End Date	Mar. 31, 2016
Merger Earnout
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance		$ (75)
Included in Earnings		75
Included in Other Comprehensive Income (Loss)		0
Transfers, Net		0
Settlements		0
Ending Balance		0
Contingent Payments
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ (3,632)	(3,792)
Included in Earnings	(154)	(159)
Included in Other Comprehensive Income (Loss)	0	0
Transfers, Net	0	0
Settlements	226	230
Ending Balance	(3,560)	(3,721)
Investment Available for Sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	17,839	18,357
Included in Earnings	33	31
Included in Other Comprehensive Income (Loss)	522	270
Transfers, Net	0	0
Ending Balance	18,394	18,658
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Settlements	0	0
Beginning Balance	17,839	18,357
Included in Earnings	33	31
Included in Other Comprehensive Income (Loss)	522	270
Transfers, Net	0	0
Ending Balance	18,394	18,658
Interest Income | Merger Earnout
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in Earnings		0
Interest Income | Contingent Payments
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in Earnings	0	0
Interest Income | Investment Available for Sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in Earnings	(33)	(31)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in Earnings	(33)	(31)
Interest Expense | Merger Earnout
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in Earnings		0
Interest Expense | Contingent Payments
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in Earnings	154	159
Interest Expense | Investment Available for Sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in Earnings	0	0
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in Earnings	$ 0	$ 0

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value, by Balance Sheet Grouping) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Parent | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commitments, Fair Value Disclosure	$ 34,655	$ 35,126
Other Financial Instruments	200	200
Parent | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commitments, Fair Value Disclosure	27,357	27,660
Other Financial Instruments	189	186
Parent | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commitments, Fair Value Disclosure	28,282	28,381
Other Financial Instruments	189	186
Peninsula Gaming
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment available for sale	18,000	17,400
Business Combination, Contingent Consideration, Liability for Payments to Option Holder, Current	900	900
Business Combination, Contingent Consideration, Liability for Payments to Option Holder, Noncurrent	$ 2,700	$ 2,700

Fair Value Measurements (Fair57

Fair Value Measurements (Fair Value Balance Sheet Long-Term Debt Grouping) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Document Period End Date	Mar. 31, 2016
Parent
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 2,753,275	$ 2,309,725
Long-term Debt, Gross	2,753,275	2,309,725
Long-term debt, net	2,709,986	2,277,299
Parent | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net	2,709,986	2,277,299
Parent | Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	2,848,204	2,348,120
Subsidiary, Peninsula Gaming [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	993,225	1,012,750
Long-term Debt, Gross	993,225	1,012,750
Long-term debt, net	975,613	992,250
Subsidiary, Peninsula Gaming [Member] | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net	975,613	992,250
Subsidiary, Peninsula Gaming [Member] | Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	999,479	1,018,131
Consolidated, Excluding Borgata [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	3,746,500	3,322,475
Long-term Debt, Gross	3,746,500	3,322,475
Long-term debt, net	3,685,599	3,269,549
Consolidated, Excluding Borgata [Member] | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net	3,685,599	3,269,549
Consolidated, Excluding Borgata [Member] | Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	3,847,683	3,366,251
Subsidiary, Borgata
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Gross	651,450	697,550
Bank Credit Facility [Member] | Subsidiary, Borgata
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Gross	11,600	37,700
Level 1 | 9.00% Senior Notes Due 2020 | Fair Value, Measurements, Nonrecurring [Member] | Parent | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Gross	350,000	350,000
Level 1 | 9.00% Senior Notes Due 2020 | Fair Value, Measurements, Nonrecurring [Member] | Parent | Senior Notes | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net	343,353	342,956
Level 1 | 9.00% Senior Notes Due 2020 | Fair Value, Measurements, Nonrecurring [Member] | Parent | Senior Notes | Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	370,125	372,750
Level 1 | 6.875 % Senior Notes Due 2023 | Fair Value, Measurements, Nonrecurring [Member] | Parent | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Gross	750,000	750,000
Level 1 | 6.875 % Senior Notes Due 2023 | Fair Value, Measurements, Nonrecurring [Member] | Parent | Senior Notes | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net	737,475	737,066
Level 1 | 6.875 % Senior Notes Due 2023 | Fair Value, Measurements, Nonrecurring [Member] | Parent | Senior Notes | Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	798,750	772,500
Level 1 | 6.375% Senior Notes Due 2026 | Fair Value, Measurements, Nonrecurring [Member] | Parent | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Gross	750,000
Level 1 | 6.375% Senior Notes Due 2026 | Fair Value, Measurements, Nonrecurring [Member] | Parent | Senior Notes | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net	737,065
Level 1 | 6.375% Senior Notes Due 2026 | Fair Value, Measurements, Nonrecurring [Member] | Parent | Other | Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	778,125
Level 2 | Bank Credit Facility [Member] | Fair Value, Measurements, Nonrecurring [Member] | Parent | Bank Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Gross	903,275	1,209,725
Level 2 | Bank Credit Facility [Member] | Fair Value, Measurements, Nonrecurring [Member] | Parent | Bank Credit Facility | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net	892,093	1,197,277
Level 2 | Bank Credit Facility [Member] | Fair Value, Measurements, Nonrecurring [Member] | Parent | Bank Credit Facility | Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	901,204	1,202,870
Level 2 | Bank Credit Facility [Member] | Fair Value, Measurements, Nonrecurring [Member] | Subsidiary, Peninsula Gaming [Member] | Bank Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Gross		662,750
Long-term debt, net	643,225	662,750
Level 2 | Bank Credit Facility [Member] | Fair Value, Measurements, Nonrecurring [Member] | Subsidiary, Peninsula Gaming [Member] | Bank Credit Facility | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net	631,286	648,607
Level 2 | Bank Credit Facility [Member] | Fair Value, Measurements, Nonrecurring [Member] | Subsidiary, Peninsula Gaming [Member] | Bank Credit Facility | Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	642,479	661,131
Level 2 | Peninsula Senior Notes due 2018 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Subsidiary, Peninsula Gaming [Member] | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Gross		350,000
Long-term debt, net	350,000	350,000
Level 2 | Peninsula Senior Notes due 2018 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Subsidiary, Peninsula Gaming [Member] | Senior Notes | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net	344,327	343,643
Level 2 | Peninsula Senior Notes due 2018 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Subsidiary, Peninsula Gaming [Member] | Senior Notes | Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 357,000	$ 357,000

Fair Value Measurements (Fair58

Fair Value Measurements (Fair Value, Recurring and Nonrecurring, Valuation Techniques) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Measurements, Recurring [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Investment available for sale	$ 18,394	$ 17,839
Peninsula Gaming
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Business Combination, Contingent Consideration, Liability for Payments to Option Holder, Noncurrent	2,700	2,700
Investment available for sale	18,000	17,400
Available-for-sale Securities, Current	400	400
Fair Value, Discount Amount, Available for sales securities	$ 3,200	3,200
Fair Value, Inputs, Level 3 [Member] | Discount Rate | Contingent Payments
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques, Unobservable Inputs, Rate, Percentage	18.50%
Fair Value, Inputs, Level 3 [Member] | Discount Rate | Available-for-sale Securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques, Unobservable Inputs, Rate, Percentage	9.91%
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Investment available for sale	$ 18,394	$ 17,839

Segment Information (Certain Se

Segment Information (Certain Segment Operating Data and Other) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting, Certain Operating Data and Reconciling Item for Adjusted EBITDA from Segment to Consolidated [Line Items]
Net revenues	$ 552,378	$ 550,578
Adjusted EBITDA	160,360	149,172
Corporate expense	17,907	19,652
Deferred rent	817	857
Depreciation and amortization	47,653	51,942
Depreciation and amortization	47,653	51,942
Share-based compensation expense	3,263	3,441
Impairments of assets	1,440	1,065
Other operating items, net	429	116
Our share of Borgata's other operating costs and expenses	3,831	7,238
Total other operating costs and expenses	59,274	65,614
Operating income	101,086	83,558
Las Vegas Locals
Segment Reporting, Certain Operating Data and Reconciling Item for Adjusted EBITDA from Segment to Consolidated [Line Items]
Net revenues	158,398	150,302
Adjusted EBITDA	44,271	38,877
Downtown Las Vegas
Segment Reporting, Certain Operating Data and Reconciling Item for Adjusted EBITDA from Segment to Consolidated [Line Items]
Net revenues	58,605	56,603
Adjusted EBITDA	12,681	10,677
Midwest and South
Segment Reporting, Certain Operating Data and Reconciling Item for Adjusted EBITDA from Segment to Consolidated [Line Items]
Net revenues	209,185	217,764
Adjusted EBITDA	48,813	50,984
Peninsula
Segment Reporting, Certain Operating Data and Reconciling Item for Adjusted EBITDA from Segment to Consolidated [Line Items]
Net revenues	126,190	125,909
Adjusted EBITDA	47,112	46,363
Borgata
Segment Reporting, Certain Operating Data and Reconciling Item for Adjusted EBITDA from Segment to Consolidated [Line Items]
Adjusted EBITDA	22,668	18,913
Corporate expense
Segment Reporting, Certain Operating Data and Reconciling Item for Adjusted EBITDA from Segment to Consolidated [Line Items]
Adjusted EBITDA	175,545	165,814
Corporate expense	$ (15,185)	$ (16,642)

Segment Information (Reconcilia

Segment Information (Reconciliation of Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 4,797,083	$ 4,350,900
Las Vegas Locals
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	1,139,016	1,155,224
Downtown Las Vegas
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	134,937	138,159
Midwest and South
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	1,238,370	1,263,751
Peninsula
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	1,361,437	1,370,991
Total Reportable Segment Adjusted EBITDA
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	3,873,760	3,928,125
Corporate Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 923,323	$ 422,775

Condensed Consolidating Finan61

Condensed Consolidating Financial Information (Balance Sheets) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Assets
Other current assets	$ 96,483	$ 98,411
Property and equipment, net	2,210,482	2,225,342
Investments in subsidiaries	253,598	244,621
Intercompany receivable	0	0
Other assets, net	48,947	48,341
Intangible assets, net	886,062	890,054
Goodwill, net	685,310	685,310
Total assets	4,797,083	4,350,900
Liabilities and Stockholders’ Equity
Current maturities of long-term debt	27,688	29,750
Other current liabilities	310,294	325,321
Accumulated losses of subsidiaries in excess of investment	0	0
Intercompany payable	0	0
Long-term debt, net of current maturities and debt issuance costs	3,657,911	3,239,799
Other long-term liabilities	257,591	248,019
Additional paid-in capital	946,914	945,041
Total Boyd Gaming Corporation stockholders' equity	543,549	507,961
Noncontrolling interest	50	50
Total stockholders' equity (deficit)	543,599	508,011	$ 478,875	$ 438,087
Total liabilities and stockholders' equity	4,797,083	4,350,900
Parent
Assets
Other current assets	12,635	14,602
Property and equipment, net	64,989	68,515
Investments in subsidiaries	3,616,657	3,547,690
Intercompany receivable	0	0
Other assets, net	13,033	12,521
Intangible assets, net	0	0
Goodwill, net	0	0
Total assets	4,209,561	3,643,330
Liabilities and Stockholders’ Equity
Current maturities of long-term debt	21,500	21,500
Other current liabilities	77,920	102,946
Accumulated losses of subsidiaries in excess of investment	0	0
Intercompany payable	840,588	720,400
Long-term debt, net of current maturities and debt issuance costs	2,688,486	2,255,800
Other long-term liabilities	37,518	34,723
Total Boyd Gaming Corporation stockholders' equity	543,549	507,961
Noncontrolling interest	0	0
Total stockholders' equity (deficit)	543,549	507,961
Total liabilities and stockholders' equity	4,209,561	3,643,330
Guarantor Subsidiaries
Assets
Other current assets	56,330	61,157
Property and equipment, net	1,740,847	1,745,203
Investments in subsidiaries	174,761	138,116
Intercompany receivable	1,974,486	1,867,783
Other assets, net	9,180	8,982
Intangible assets, net	406,265	406,540
Goodwill, net	212,794	212,794
Total assets	4,658,967	4,565,001
Liabilities and Stockholders’ Equity
Current maturities of long-term debt	0	0
Other current liabilities	143,293	146,178
Accumulated losses of subsidiaries in excess of investment	0	0
Intercompany payable	0	0
Long-term debt, net of current maturities and debt issuance costs	0	0
Other long-term liabilities	156,198	154,633
Total Boyd Gaming Corporation stockholders' equity	4,359,476	4,264,190
Noncontrolling interest	0	0
Total stockholders' equity (deficit)	4,359,476	4,264,190
Total liabilities and stockholders' equity	4,658,967	4,565,001
Non-Guarantor Subsidiaries (100% Owned)
Assets
Other current assets	28,564	23,660
Property and equipment, net	404,646	411,624
Investments in subsidiaries	0	0
Intercompany receivable	0	0
Other assets, net	26,734	26,838
Intangible assets, net	479,797	483,514
Goodwill, net	472,516	472,516
Total assets	1,441,686	1,452,324
Liabilities and Stockholders’ Equity
Current maturities of long-term debt	6,188	8,250
Other current liabilities	89,367	76,482
Accumulated losses of subsidiaries in excess of investment	315	3,192
Intercompany payable	1,133,504	1,147,082
Long-term debt, net of current maturities and debt issuance costs	969,425	983,999
Other long-term liabilities	63,875	58,663
Total Boyd Gaming Corporation stockholders' equity	(820,988)	(825,344)
Noncontrolling interest	0	0
Total stockholders' equity (deficit)	(820,988)	(825,344)
Total liabilities and stockholders' equity	1,441,686	1,452,324
Non-Guarantor Subsidiaries (Not 100% Owned)
Assets
Other current assets	0	0
Property and equipment, net	0	0
Investments in subsidiaries	0	0
Intercompany receivable	0	0
Other assets, net	0	0
Intangible assets, net	0	0
Goodwill, net	0	0
Total assets	221	221
Liabilities and Stockholders’ Equity
Current maturities of long-term debt	0	0
Other current liabilities	0	0
Accumulated losses of subsidiaries in excess of investment	0	0
Intercompany payable	475	475
Long-term debt, net of current maturities and debt issuance costs	0	0
Other long-term liabilities	0	0
Total Boyd Gaming Corporation stockholders' equity	(254)	(254)
Noncontrolling interest	0	0
Total stockholders' equity (deficit)	(254)	(254)
Total liabilities and stockholders' equity	221	221
Eliminations
Assets
Other current assets	(1,046)	(1,008)
Property and equipment, net	0	0
Investments in subsidiaries	(3,537,820)	(3,441,185)
Intercompany receivable	(1,974,486)	(1,867,783)
Other assets, net	0	0
Intangible assets, net	0	0
Goodwill, net	0	0
Total assets	(5,513,352)	(5,309,976)
Liabilities and Stockholders’ Equity
Current maturities of long-term debt	0	0
Other current liabilities	(286)	(285)
Accumulated losses of subsidiaries in excess of investment	(315)	(3,192)
Intercompany payable	(1,974,567)	(1,867,957)
Long-term debt, net of current maturities and debt issuance costs	0	0
Other long-term liabilities	0	0
Total Boyd Gaming Corporation stockholders' equity	(3,538,234)	(3,438,592)
Noncontrolling interest	50	50
Total stockholders' equity (deficit)	(3,538,184)	(3,438,542)
Total liabilities and stockholders' equity	$ (5,513,352)	$ (5,309,976)

Condensed Consolidating Finan62

Condensed Consolidating Financial Information (Income Statements) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Net revenues	$ 552,378	$ 550,578
Costs and Expenses
Operating	295,159	297,957
Selling, general and administrative	81,851	81,689
Maintenance and utilities	23,848	25,319
Depreciation and amortization	47,653	51,942
Corporate expense	17,907	19,652
Project development, preopening and writedowns	1,841	955
Impairments of assets	1,440	1,065
Other operating items, net	429	116
Intercompany expenses	0	0
Total operating costs and expenses	470,128	478,695
Equity in earnings of subsidiaries	18,836	11,675
Operating income	101,086	83,558
Other expense (income)
Interest expense, net	52,568	56,464
Loss on early extinguishments of debt	427	508
Other, net	77	618
Boyd's share of Borgata's non-operating items, net	7,206	7,661
Total other expense, net	60,278	65,251
Income (loss) before income taxes	40,808	18,307
Income taxes benefit (provision)	7,618	(16,796)
Net income	33,190	35,103
Comprehensive income (loss)	33,712	35,374
Net income	33,190	35,103
Parent
Condensed Financial Statements, Captions [Line Items]
Net revenues	31,201	30,796
Costs and Expenses
Operating	450	450
Selling, general and administrative	12,386	12,403
Maintenance and utilities	0	0
Depreciation and amortization	1,778	1,287
Corporate expense	16,309	18,467
Project development, preopening and writedowns	756	(52)
Impairments of assets	1,440	0
Other operating items, net	106	0
Intercompany expenses	301	301
Total operating costs and expenses	33,526	32,856
Equity in earnings of subsidiaries	68,519	47,768
Operating income	66,194	45,708
Other expense (income)
Interest expense, net	32,928	33,396
Loss on early extinguishments of debt	0	0
Other, net	1	416
Boyd's share of Borgata's non-operating items, net	0	0
Total other expense, net	32,929	33,812
Income (loss) before income taxes	33,265	11,896
Income taxes benefit (provision)	75	(23,207)
Net income	33,190	35,103
Comprehensive income (loss)	33,712	35,374
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net revenues	419,641	418,592
Costs and Expenses
Operating	221,709	223,587
Selling, general and administrative	54,173	54,342
Maintenance and utilities	20,447	21,711
Depreciation and amortization	31,175	32,687
Corporate expense	53	54
Project development, preopening and writedowns	376	(17)
Impairments of assets	0	0
Other operating items, net	323	70
Intercompany expenses	31,238	30,841
Total operating costs and expenses	359,494	363,275
Equity in earnings of subsidiaries	23,094	7,652
Operating income	83,241	62,969
Other expense (income)
Interest expense, net	2,286	702
Loss on early extinguishments of debt	0	0
Other, net	0	0
Boyd's share of Borgata's non-operating items, net	7,206	7,661
Total other expense, net	9,492	8,363
Income (loss) before income taxes	73,749	54,606
Income taxes benefit (provision)	1,918	1,927
Net income	71,831	52,679
Comprehensive income (loss)	72,353	52,950
Non-Guarantor Subsidiaries (100% Owned)
Condensed Financial Statements, Captions [Line Items]
Net revenues	138,316	137,525
Costs and Expenses
Operating	73,000	73,920
Selling, general and administrative	15,290	14,944
Maintenance and utilities	3,401	3,608
Depreciation and amortization	14,700	17,968
Corporate expense	1,545	1,131
Project development, preopening and writedowns	709	983
Impairments of assets	0	1,065
Other operating items, net	0	46
Intercompany expenses	5,243	5,193
Total operating costs and expenses	113,888	118,858
Equity in earnings of subsidiaries	0	(41)
Operating income	24,428	18,626
Other expense (income)
Interest expense, net	17,354	22,366
Loss on early extinguishments of debt	427	508
Other, net	76	202
Boyd's share of Borgata's non-operating items, net	0	0
Total other expense, net	17,857	23,076
Income (loss) before income taxes	6,571	(4,450)
Income taxes benefit (provision)	5,625	4,484
Net income	946	(8,934)
Comprehensive income (loss)	1,468	(8,663)
Non-Guarantor Subsidiaries (Not 100% Owned)
Condensed Financial Statements, Captions [Line Items]
Net revenues	0	0
Costs and Expenses
Operating	0	0
Selling, general and administrative	0	0
Maintenance and utilities	0	0
Depreciation and amortization	0	0
Corporate expense	0	0
Project development, preopening and writedowns	0	41
Impairments of assets	0	0
Other operating items, net	0	0
Intercompany expenses	0	0
Total operating costs and expenses	0	41
Equity in earnings of subsidiaries	0	0
Operating income	0	(41)
Other expense (income)
Interest expense, net	0	0
Loss on early extinguishments of debt	0	0
Other, net	0	0
Boyd's share of Borgata's non-operating items, net	0	0
Total other expense, net	0	0
Income (loss) before income taxes	0	(41)
Income taxes benefit (provision)	0	0
Net income	0	(41)
Comprehensive income (loss)	0	(41)
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net revenues	(36,780)	(36,335)
Costs and Expenses
Operating	0	0
Selling, general and administrative	2	0
Maintenance and utilities	0	0
Depreciation and amortization	0	0
Corporate expense	0	0
Project development, preopening and writedowns	0	0
Impairments of assets	0	0
Other operating items, net	0	0
Intercompany expenses	(36,782)	(36,335)
Total operating costs and expenses	(36,780)	(36,335)
Equity in earnings of subsidiaries	(72,777)	(43,704)
Operating income	(72,777)	(43,704)
Other expense (income)
Interest expense, net	0	0
Loss on early extinguishments of debt	0	0
Other, net	0	0
Boyd's share of Borgata's non-operating items, net	0	0
Total other expense, net	0	0
Income (loss) before income taxes	(72,777)	(43,704)
Income taxes benefit (provision)	0	0
Net income	(72,777)	(43,704)
Comprehensive income (loss)	(73,821)	(44,246)
Corporate expense
Costs and Expenses
Corporate expense	$ (15,185)	$ (16,642)

Condensed Consolidating Finan63

Condensed Consolidating Financial Information (Cash Flows) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities
Net cash from operating activities	$ 83,030	$ 59,638
Cash flows from investing activities
Capital expenditures	(35,297)	(19,269)
Net activity with affiliates	0	0
Other investing activities	5	2,316
Net cash used in investing activities	(35,292)	(16,953)
Cash flows from financing activities
Borrowings under bank credit facility	319,100	295,100
Payments under bank credit facility	(645,075)	(354,300)
Payments on retirements of long-term debt	0	(2)
Proceeds from issuance of senior notes	750,000	0
Debt issue costs	(12,996)	0
Net activity with affiliates	0	0
Share-based compensation activities, net	(1,387)	1,973
Net cash provided by (used in) financing activities	409,642	(57,229)
Cash and cash equivalents, beginning of period	158,821	145,341
Cash and cash equivalents, end of period	(158,821)	(145,341)	$ (616,201)	$ (130,797)
Net change in cash and cash equivalents	457,380	(14,544)
Parent
Cash flows from operating activities
Net cash from operating activities	(35,967)	(26,888)
Cash flows from investing activities
Capital expenditures	(11,143)	(6,152)
Net activity with affiliates	0	0
Other investing activities	0	0
Net cash used in investing activities	(11,143)	(6,152)
Cash flows from financing activities
Borrowings under bank credit facility	223,900	203,700
Payments under bank credit facility	(530,350)	(245,675)
Payments on retirements of long-term debt		0
Proceeds from issuance of senior notes	750,000
Debt issue costs	(12,996)
Net activity with affiliates	120,188	73,815
Share-based compensation activities, net	(1,387)	1,973
Net cash provided by (used in) financing activities	549,355	33,813
Cash and cash equivalents, beginning of period	2	2
Cash and cash equivalents, end of period	(2)	(2)	(502,247)	(775)
Net change in cash and cash equivalents	502,245	773
Guarantor Subsidiaries
Cash flows from operating activities
Net cash from operating activities	86,355	75,990
Cash flows from investing activities
Capital expenditures	(19,774)	(6,006)
Net activity with affiliates	(106,703)	(83,331)
Other investing activities	0	0
Net cash used in investing activities	(126,477)	(89,337)
Cash flows from financing activities
Borrowings under bank credit facility	0	0
Payments under bank credit facility	0	0
Payments on retirements of long-term debt		0
Proceeds from issuance of senior notes	0
Debt issue costs	0
Net activity with affiliates	0	0
Share-based compensation activities, net	0	0
Net cash provided by (used in) financing activities	0	0
Cash and cash equivalents, beginning of period	124,426	111,452
Cash and cash equivalents, end of period	(124,426)	(111,452)	(84,304)	(98,105)
Net change in cash and cash equivalents	(40,122)	(13,347)
Non-Guarantor Subsidiaries (100% Owned)
Cash flows from operating activities
Net cash from operating activities	32,735	5,730
Cash flows from investing activities
Capital expenditures	(4,380)	(7,111)
Net activity with affiliates	0	0
Other investing activities	5	2,316
Net cash used in investing activities	(4,375)	(4,795)
Cash flows from financing activities
Borrowings under bank credit facility	95,200	91,400
Payments under bank credit facility	(114,725)	(108,625)
Payments on retirements of long-term debt		(2)
Proceeds from issuance of senior notes	0
Debt issue costs	0
Net activity with affiliates	(13,578)	14,322
Share-based compensation activities, net	0	0
Net cash provided by (used in) financing activities	(33,103)	(2,905)
Cash and cash equivalents, beginning of period	34,172	33,668
Cash and cash equivalents, end of period	(34,172)	(33,668)	(29,429)	(31,698)
Net change in cash and cash equivalents	(4,743)	(1,970)
Non-Guarantor Subsidiaries (Not 100% Owned)
Cash flows from operating activities
Net cash from operating activities	0	(41)
Cash flows from investing activities
Capital expenditures	0	0
Net activity with affiliates	0	0
Other investing activities	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities
Borrowings under bank credit facility	0	0
Payments under bank credit facility	0	0
Payments on retirements of long-term debt		0
Proceeds from issuance of senior notes	0
Debt issue costs	0
Net activity with affiliates	0	41
Share-based compensation activities, net	0	0
Net cash provided by (used in) financing activities	0	41
Cash and cash equivalents, beginning of period	221	219
Cash and cash equivalents, end of period	(221)	(219)	(221)	(219)
Net change in cash and cash equivalents	0	0
Eliminations
Cash flows from operating activities
Net cash from operating activities	(93)	4,847
Cash flows from investing activities
Capital expenditures	0	0
Net activity with affiliates	106,703	83,331
Other investing activities	0	0
Net cash used in investing activities	106,703	83,331
Cash flows from financing activities
Borrowings under bank credit facility	0	0
Payments under bank credit facility	0	0
Payments on retirements of long-term debt		0
Proceeds from issuance of senior notes	0
Debt issue costs	0
Net activity with affiliates	(106,610)	(88,178)
Share-based compensation activities, net	0	0
Net cash provided by (used in) financing activities	(106,610)	(88,178)
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0	$ 0	$ 0
Net change in cash and cash equivalents	$ 0	$ 0

Condensed Consolidating Finan64

Condensed Consolidating Financial Information (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Debt Instrument [Line Items]
Assets	$ 4,797,083		$ 4,350,900
Net income	33,190	$ 35,103
Net cash from operating activities	$ 83,030	59,638
Senior Notes | 9.00% Senior Notes Due 2020
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	9.00%
Parent
Debt Instrument [Line Items]
Assets	$ 4,209,561		$ 3,643,330
Net cash from operating activities	$ (35,967)	(26,888)
Parent | Senior Notes | 9.00% Senior Notes Due 2020
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	9.00%		9.00%
Parent | Senior Notes | 6.875 % Senior Notes Due 2023
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.875%		6.875%
Parent | Senior Notes | 6.375% Senior Notes Due 2026
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.375%
Guarantor Subsidiaries
Debt Instrument [Line Items]
Assets	$ 4,658,967		$ 4,565,001
Net cash from operating activities	86,355	75,990
Non-Guarantor Subsidiaries (100% Owned)
Debt Instrument [Line Items]
Assets	1,441,686		1,452,324
Net cash from operating activities	32,735	5,730
Non-Guarantor Subsidiaries (Not 100% Owned)
Debt Instrument [Line Items]
Assets	221		221
Net cash from operating activities	0	(41)
Eliminations
Debt Instrument [Line Items]
Assets	(5,513,352)		$ (5,309,976)
Net cash from operating activities	$ (93)	$ 4,847