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Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2014 shares
Document and Entity Information
Entity Registrant Name	Eldorado Resorts, Inc.
Entity Central Index Key	0001590895
Document Type	10-Q
Document Period End Date	Sep. 30, 2014
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding	46,447,432
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2014	Dec. 31, 2013
Current Assets:
Cash and cash equivalents	$ 91,129	$ 29,813
Restricted cash	1,548	305
Accounts receivable, net	9,005	3,240
Due from affiliates	223	430
Inventories	7,357	3,109
Prepaid expenses and other	10,174	2,532
Total current assets	119,436	39,429
Restricted cash	5,000	5,000
Investment in and advances to unconsolidated affiliates	15,214	18,349
Property and equipment, net	441,919	180,342
Gaming licenses	456,945	20,574
Non-operating real property	16,419
Goodwill	104,734
Other assets, net	9,716	6,488
Total assets	1,169,383	270,182
Current Liabilities:
Current portion of long-term debt		2,500
Current portion of capital lease obligations	37	225
Accounts payable	9,548	6,762
Interest payable	15,164	633
Accrued gaming taxes and assessments	12,799	2,447
Accrued payroll	10,267	4,568
Accrued other liabilities	26,177	7,764
Deferred income taxes	1,210
Due to affiliates	174	248
Total current liabilities	75,376	25,147
Long-term debt, less current portion	792,481	168,000
Capital lease obligations, less current portion	6	35
Deferred income taxes	130,873
Other liabilities	6,654	1,425
Total liabilities	1,005,390	194,607
Stockholders' and Member's Equity:
Member's equity		73,803
Common stock, 100,000,000 shares authorized, 46,447,432 issued and outstanding, par value $0.00001
Paid-in capital	165,874
Accumulated deficit	(3,488)
Accumulated other comprehensive income	1,607	1,772
Total stockholders' and member's equity	163,993	75,575
Total liabilities and stockholders' and member's equity	$ 1,169,383	$ 270,182

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2014	Dec. 31, 2013
CONSOLIDATED BALANCE SHEETS
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	46,447,432	46,447,432
Common stock, shares outstanding	46,447,432	46,447,432
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues:
Casino	$ 63,457	$ 49,105	$ 156,280	$ 149,757
Pari-mutuel commissions	446		446
Food and beverage	15,972	15,587	45,348	45,949
Hotel	7,555	7,592	20,747	21,150
Other	3,098	2,666	7,515	7,565
Gross operating revenues	90,528	74,950	230,336	224,421
Less: Promotional allowances	(11,579)	(11,319)	(32,608)	(32,783)
Net operating revenues	78,949	63,631	197,728	191,638
Expenses:
Casino	34,596	25,857	83,877	77,758
Pari-mutuel commissions	520		520
Food and beverage	8,462	7,413	22,889	21,835
Hotel	2,109	2,056	5,969	6,112
Other	2,324	1,950	5,747	5,380
Marketing and promotions	5,262	4,650	14,148	13,073
General and administrative	14,387	11,060	36,016	32,874
Depreciation and amortization	5,283	4,297	13,557	13,000
Total operating expenses	72,943	57,283	182,723	170,032
(Loss) gain on sale or disposition of property	(3)		(3)	2
Acquisition charges	(4,463)	(1,416)	(6,916)	(1,416)
Equity in income of unconsolidated affiliates	1,238	2,160	3,019	3,425
Operating income	2,778	7,092	11,105	23,617
Other income (expense):
Interest income	5	4	13	12
Interest expense	(5,652)	(3,912)	(13,411)	(11,810)
Total other expense	(5,647)	(3,908)	(13,398)	(11,798)
(Loss) income before income taxes	(2,869)	3,184	(2,293)	11,819
Provision for income taxes	(1,195)		(1,195)
Net (Loss) Income	$ (4,064)	$ 3,184	$ (3,488)	$ 11,819
Net (Loss) Income per Share of Common Stock:
Basic (in dollars per share)	$ (0.16)	$ 0.14	$ (0.14)	$ 0.51
Diluted (in dollars per share)	$ (0.16)	$ 0.14	$ (0.14)	$ 0.51
Weighted Average Number of Shares Outstanding:
Basic (in shares)	26,075,022	23,311,492	24,242,791	23,311,492
Diluted (in shares)	26,075,022	23,311,492	24,242,791	23,311,492

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
Net (Loss) Income	$ (4,064)	$ 3,184	$ (3,488)	$ 11,819
Defined benefit pension plan:
Amortization of net gain	1		1
Minimum pension liability adjustment of unconsolidated affiliate	(55)		(166)
Comprehensive (Loss) Income, net of tax	$ (4,118)	$ 3,184	$ (3,653)	$ 11,819

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (3,488)	$ 11,819
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	13,786	13,000
Amortization of debt issuance costs and premium	244	640
Equity in income of unconsolidated affiliate	(3,019)	(3,425)
Distributions from unconsolidated affiliate	509	1,222
Loss (gain) on sale or disposition of property	3	(2)
Provision for bad debt expense	237	646
Provision for deferred income taxes	1,190
Change in operating assets and liabilities:
Accounts receivable	(563)	(875)
Inventories	(135)	(374)
Prepaid expenses	1,177	(683)
Accounts payable	1,040	881
Interest payable	5,758	3,651
Accrued and other liabilities and due to affiliates	1,760	341
Net cash provided by operating activities	18,499	26,841
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(4,565)	(5,417)
Proceeds from sale of property and equipment		19
Cash acquired in acquisition, net of cash used to repurchase stock of $30 million	53,553
Decrease (increase) in restricted cash	1,913	(83)
Decrease (increase) in other assets, net	94	(338)
Net cash provided (used) in investing activities	50,995	(5,819)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments of long-term debt	(2,500)	(3,750)
Principal payments on capital leases	(217)	(313)
Cash distributions	(576)	(6,097)
Repurchase of stock	(5,000)
Proceeds from exercise of stock options	115
Net cash used in financing activities	(8,178)	(10,160)
INCREASE IN CASH AND CASH EQUIVALENTS	61,316	10,862
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	29,813	25,303
CASH AND CASH EQUIVALENTS, END OF PERIOD	91,129	36,165
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid	7,377	7,519
Payables for purchase of property and equipment	431	694
Equipment acquired under capital leases		$ 88
Noncash distribution of Tamarack investment	$ 5,479

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) $ in Millions	9 Months Ended
	Sep. 30, 2014 USD ($)
CONSOLIDATED STATEMENTS OF CASH FLOWS
Cash used to repurchase stock	$ 30

Organization, Basis of Presentation and Significant Accounting Policies

9 Months Ended

Sep. 30, 2014

Organization, Basis of Presentation and Significant Accounting Policies

Organization, Basis of Presentation and Significant Accounting Policies

Note 1. Organization, Basis of Presentation and Significant Accounting Policies

Organization and Basis of Presentation

The accompanying unaudited consolidated financial statements include the accounts of Eldorado Resorts, Inc. ("ERI" or the "Company"), a Nevada corporation formed in September 2013, and its consolidated subsidiaries. As explained in greater detail in Note 2, ERI was formed to be the parent company following the merger of wholly owned subsidiaries of the Company into Eldorado Holdco LLC ("HoldCo"), a Nevada limited liability company formed in 2009 that is the parent company of Eldorado Resorts LLC ("Resorts"), and MTR Gaming Group, Inc. ("MTR Gaming"), a Delaware corporation incorporated in 1988 (the "Merger"). Effective upon the consummation of the Merger on September 19, 2014 (the "Merger Date"), MTR Gaming and HoldCo each became a wholly owned subsidiary of ERI and, as a result of such transactions, Resorts became an indirect wholly owned subsidiary of ERI. The Merger has been accounted for as a reverse acquisition of MTR Gaming by HoldCo under accounting principles generally accepted in the United States ("US GAAP"). As a result, HoldCo is considered the acquirer of MTR Gaming for accounting purposes. The accompanying unaudited consolidated financial statements for periods prior to the Merger Date are those of HoldCo and its subsidiaries, and for periods subsequent to the Merger Date also include MTR Gaming and its subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation.

MTR Gaming operates as a hospitality and gaming company with racetrack, gaming and hotel properties in West Virginia, Pennsylvania and Ohio. MTR Gaming, through its wholly owned subsidiaries, owns and operates Mountaineer Casino, Racetrack & Resort in Chester, West Virginia, Presque Isle Downs & Casino in Erie, Pennsylvania, and Scioto Downs in Columbus, Ohio. Scioto Downs, through its subsidiary RacelineBet, Inc., also operates Racelinebet.com, a national account wagering service that offers online and telephone wagering on horse races as a marketing affiliate of TwinSpires.com, an affiliate of Churchill Downs, Inc.

Resorts owns and operates the Eldorado Hotel and Casino, a premier hotel, casino and entertainment facility centrally located in downtown Reno, Nevada (the "Eldorado Reno"), which opened for business in 1973.

Resorts also owns Eldorado Resort Casino Shreveport ("Eldorado Shreveport") a 403-room all suite art deco-style hotel and a tri-level riverboat dockside casino complex situated on the Red River in Shreveport, Louisiana, which commenced operations under its previous owners in December 2000.

Resorts also owns a 48.1% interest in the joint venture (the "Silver Legacy Joint Venture") which owns the Silver Legacy Resort Casino (the "Silver Legacy"), a major themed hotel and casino situated between, and seamlessly connected at the mezzanine level to, the Eldorado Reno and Circus Circus-Reno, a hotel and casino owned and operated by Galleon, Inc. ("Galleon"), an indirect, wholly owned subsidiary of MGM Resorts International, the owner of 50% of the interests of the Silver Legacy Joint Venture. Pursuant to a Retained Interest Agreement entered into in connection with the Merger, Resorts has the right to acquire the remaining 1.9% interest in the Silver Legacy on the terms and conditions described therein.

Resorts previously owned a 21.3% interest in Tamarack Crossing, LLC ("Tamarack"), a Nevada limited liability company that owned and operated Tamarack Junction, a casino in south Reno which commenced operations on September 4, 2001. On September 1, 2014, and as a condition to closing the Merger, Resorts distributed to HoldCo, and HoldCo subsequently distributed to its members on a pro rata basis Resorts' interest in Tamarack. No gain or loss was recognized in the accompanying unaudited consolidated financial statements as a result of such distribution because the distribution was in the amount of the book value of Tamarack.

The accompanying unaudited consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with US GAAP for interim financial information with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments, all of which are normal and recurring, considered necessary for a fair presentation and have been included herein. The results of operations for these interim periods are not necessarily indicative of the operating results for other quarters, for the full year or any future period. All significant intercompany accounts and transactions have been eliminated in consolidation.

These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form 10-K of MTR Gaming for the year ended December 31, 2013. Additional information regarding MTR Gaming, Resorts, and the Merger are included in the registration statement on Form S-4 filed by Eclair Holdings Company and available on the Securities and Exchange Commission's website (www.sec.gov).

The preparation of financial statements in conformity with US 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. Significant estimates incorporated into the Company's unaudited consolidated financial statements include estimated useful lives for depreciable and amortizable assets, the estimated allowance for doubtful accounts receivable, estimated cash flows in assessing the recoverability of long-lived assets, self insurance reserves, players' club liabilities, contingencies and litigation, claims and assessments, and fair value measurements related to the Company's long-term debt. Actual results could differ from these estimates.

Significant Accounting Policies

Cash and Cash Equivalents. Cash and cash equivalents include investments purchased with a maturity at the day of purchase of 90 days or less. Cash and cash equivalents also includes cash maintained for gaming operations.

Restricted Cash. Restricted cash includes unredeemed winning tickets from our racing operations, funds related to horsemen's fines and certain simulcasting funds that are restricted to payments for improving horsemen's facilities and racing purses at Scioto Downs, cash deposits that serve as collateral for letters of credit surety bonds and short-term certificates of deposit that serve as collateral for certain bonding requirements, including self-insured workers' compensation requirements.

Additionally, in connection with the Plan of Reorganization of the Silver Legacy Joint Venture (Note 3), each of ELLC and Galleon were required, among other things, to deposit $5.0 million of cash into a bank account as collateral in favor of the lender under the Silver Legacy Joint Venture credit agreement.

Accounts Receivable and Credit Risk. Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of casino accounts receivable. The Company issues markers to approved casino customers following background checks and assessments of creditworthiness. Trade receivables, including casino and hotel receivables, are typically non-interest bearing. Accounts are written off when management deems the account to be uncollectible. Recoveries of accounts previously written off are recorded when received. An estimated allowance for doubtful accounts is maintained to reduce the Company's receivables to their carrying amount, which approximates fair value. The allowance is estimated based on specific review of customer accounts as well a historical collection experience and current economic and business conditions. Management believes that as of September 30, 2014 and December 31, 2013, no significant concentrations of credit risk existed.

Certain Concentrations of Risk. The Company's operations are in limited market areas. Therefore, the Company is subject to risks inherent within those markets. To the extent that new casinos enter into the markets or hotel room capacity is expanded, competition will increase. The Company may also be affected by economic conditions in the United States and globally affecting the markets or trends in visitation or spending in the markets in which it operates. We maintain cash balances at certain financial institutions in excess of amounts insured by the Federal Deposit Insurance Corporation. In addition, we maintain significant cash balances on hand at our gaming facilities.

Inventories. Inventories are stated at the lower of average cost, using a first-in, first-out basis, or market. Inventories consist primarily of food and beverage, retail merchandise and operating supplies. Cost is determined primarily by the average cost method for food and beverage and operating supplies.

Property and Equipment. Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful life of the asset or the term of the capitalized lease, whichever is less. Costs of major improvements are capitalized, while costs of normal repairs and maintenance are charged to expense as incurred. Gains or losses on the disposal of property and equipment are included in operating income.

Investment in Unconsolidated Affiliates. The Company accounted for its 50% joint venture interest in ELLC and will account for its now direct interest in the Silver Legacy, using the equity method of accounting, as Resorts does not control, but exerts significant influence over the operations of the Silver Legacy. Since Resorts operates in the same line of business as the Silver Legacy, which has casino and hotel operations, Resorts' equity in the income (loss) of such joint venture is included in operating income. Similarly, Resorts accounted for its 21.3% interest in Tamarack using the equity method of accounting and included its equity in the income (loss) of Tamarack in operating income.

The Company considers whether the fair values of any of its equity method investments have declined below their carrying value whenever adverse events or changes in circumstances indicate that recorded values may not be recoverable. Estimated fair value is determined using a discounted cash flow analysis based on estimated future results of the investee and market indicators of terminal year capitalization rate. If the Company considered any such decline to be other than temporary, then a write-down would be recorded to estimated fair value. There were no impairments of the Company's equity method investments during the nine months ended September 30, 2014 and 2013.

Long-Lived and Finite-Lived Intangible Assets and Non-Operating Real Properties. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company then compares the estimated future cash flows of the asset, on an undiscounted basis, to the carrying amount of the asset. If the undiscounted cash flows exceed the carrying value, no impairment is indicated. If the undiscounted cash flows do not exceed the carrying amount then an impairment is recorded based on the fair value of the asset, typically measured using a discounted cash flow model. If the asset is still under development, future cash flows include remaining construction costs. An estimate of undiscounted future cash flows produced by the asset is compared to its carrying value to determine whether an impairment exists. An impairment loss shall be recognized only if the carrying amount of a long-lived asset is not recoverable and exceeds its fair value. If the undiscounted cash flows do not exceed the carrying amount, then an impairment is recorded based on the fair value of the asset, typically measured using a discounted cash flow model. That assessment shall be based on the carrying amount of the asset at the date it is tested for recoverability, whether in use or under development. An impairment loss shall be measured as the amount by which the carrying amount of a long-lived asset exceeds its fair value.

We have designated certain assets, consisting principally of land and undeveloped properties, as non-operating real property and declared our intent to sell those assets. No less than annually, we obtain independent appraisals of the fair value of these assets. Although we continue to actively market these properties for sale, we do not anticipate that we will be able to sell the majority of the assets within the next twelve months. As such, these properties are not classified as held-for-sale as of September 30, 2014. For undeveloped properties, including non-operating real properties, when indicators of impairment for non-operating properties are present, the properties are evaluated for impairment and losses are recorded when undiscounted cash flows estimated to be generated by an asset or market comparisons are less than the asset's carrying amount. The amount of the impairment loss is calculated as the excess of the asset's carrying value over its fair value, which is determined using a discounted cash flow analysis, management estimates or market comparisons.

Indefinite-Lived Intangible Assets. Indefinite-lived intangible assets consist primarily of expenditures associated with obtaining racing and gaming licenses. Indefinite-lived intangible assets are not subject to amortization, but they are subject to an annual impairment test each year. For indefinite-lived intangible assets, if the carrying amount of an intangible asset exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess.

Self-Insurance Reserves. The Company is self-insured for various levels of general liability, employee medical insurance coverage and workers' compensation coverage. Self-insurance reserves are estimated based on the Company's claims experience and are included in accrued other liabilities on the consolidated balance sheets. At both September 30, 2014 and December 31, 2013, accrued insurance and medical claims reserves were $1.2 million and $1.3 million, respectively.

Outstanding Chip Liability. The Company recognizes the impact on gaming revenues on an annual basis to reflect an estimate of the change in the value of outstanding chips that are not expected to be redeemed. This estimate is determined by measuring the difference between the total value of chips placed in service less the value of chips in the inventory of chips under our control. This measurement is performed on an annual basis utilizing a methodology in which a consistent formula is applied to estimate the percentage value of chips not in custody that are not expected to be redeemed. In addition to the formula, certain judgments are made with regard to various denominations and souvenir chips.

Frequent Players Program. The Company offers programs at its properties whereby our participating patrons can accumulate points for wagering that can be redeemed for credits for free play on slot machines, lodging, food and beverage, merchandise and in limited situations, cash. Based upon the estimated redemptions of frequent player program points, an estimated liability is established for the cost of redemption of earned but unredeemed points. The estimated cost of redemption utilizes estimates and assumptions of the mix of the various product offerings for which the points will be redeemed and costs of such product offerings. Changes in the programs, membership levels and changes in the redemption patterns of our participating patrons can impact this liability. The aggregate outstanding liability for the frequent players program was $2.2 million and $0.1 million as of September 30, 2014 and December 31, 2013, respectively, and is included as a component of other accrued liabilities in our accompanying consolidated balance sheets.

Revenues and Promotional Allowances. The Company recognizes as casino revenue the net win from gaming activities, which is the difference between gaming wins and losses. Base and progressive jackpots are accrued and charged to revenue at the time the obligation to pay the jackpot is established. Gaming revenues are recognized net of certain cash and free play incentives. Pari-mutuel commissions consist of commissions earned from thoroughbred and harness racing and importing of simulcast signals from other race tracks. Pari-mutuel commissions are recognized at the time wagers are made. Such commissions are a designated portion of the wagering handle as determined by state racing commissions, and are shown net of the taxes assessed by state and local agencies, as well as purses and other contractual amounts paid to horsemen associations. The Company recognizes revenues from fees earned through the exporting of simulcast signals to other race tracks at the time wagers are made. Such fees are based upon a predetermined percentage of handle as contracted with the other race tracks. Hotel, food and beverage, and other operating revenues are recognized as services are performed. Advance deposits on rooms and advance ticket sales are recorded as accrued liabilities until services are provided to the customer.

The retail value of food, beverage, rooms and other services furnished to customers on a complimentary basis is included in gross revenues and then deducted as promotional allowances. The Company rewards customers, through the use of our loyalty programs, with complimentaries based on amounts wagered or won that can be redeemed for a specified time period. The Company also offers discretionary coupons to our customers, the retail values of which are included as a component of promotional allowances in the accompanying consolidated statements of operations in accordance with Financial Accounting Standards Board ("FASB") Section 605-50 for revenue recognition.

Advertising. Advertising costs are expensed in the period the advertising initially takes place and are included in marketing and promotions expenses.

Fair Value of Financial Instruments. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Accordingly, fair value is a market based measurement that is determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, there is a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair values as follows:


• Level 1:		Quoted market prices in active markets for identical assets or liabilities.
• Level 2:		Observable market-based inputs or unobservable inputs that are corroborated by market data.
• Level 3:		Unobservable inputs that are not corroborated by market data.

The following methods and assumptions are used to estimate the fair value of each class of financial instruments for which it is practical to estimate fair value:

Cash and Cash Equivalents: Cash equivalents include investments in money market funds. Investments in this category can be redeemed immediately at the current net asset value per share. A money market fund is a mutual fund whose investments are primarily in short-term debt securities designed to maximize current income with liquidity and capital preservation, usually maintaining per share net asset value at a constant amount, such as one dollar. The carrying amounts approximate the fair value because of the short maturity of those instruments.

Restricted Cash: The credit support deposit is classified as Level 1 as its carrying value approximates market prices.

Advance to Silver Legacy Joint Venture: The $7.5 million note receivable due to ELLC from the Silver Legacy Joint Venture (see Note 3) is classified as Level 2 based upon market-based inputs.

Long-term Debt: The Resorts 8.625% Senior Secured Notes due June 15, 2019 (the "Resorts Senior Secured Notes," see Note 6) and MTR Gaming 11.5% Senior Secured Second Lien Notes due August 1, 2019 (the "MTR Second Lien Notes", see Note 6) are classified as Level 2, as there is limited market activity. The fair value of the Resorts Senior Secured Notes has been calculated based on management's estimates of the borrowing rates available as of September 30, 2014 and December 31, 2013 for debt with similar terms and maturities. The fair value of the MTR Second Lien Notes was based on quoted market prices as of September 30, 2014 (See Note 2).

Term Loan: Resorts' term loan under the Resorts Secured Credit Facility (see Note 6) is classified as Level 2 as it is tied to market rates of interest and its carrying value approximates market value.

Acquisition-Related Contingent Considerations: Contingent consideration related to the July 2003 acquisition of Scioto Downs represents the estimate of amounts to be paid to former stockholders of Scioto Downs under certain earn-out provisions. We consider the acquisition-related contingency's fair value measurement, which includes forecast assumptions, to be Level 3 within the fair value hierarchy. The fair value of the acquisition-related contingent consideration was based on its fair value as of the Merger Date (See Note 2).

The estimated fair values of the Company's financial instruments are as follows (amounts in thousands):

	September 30, 2014				December 31, 2013

	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets:
Cash and cash equivalents	$	91,129	$	91,129	$	29,813	$	29,813
Restricted cash		6,548		6,548		5,305		5,305
Advance to Silver Legacy Joint Venture		—		4,567		—		4,004
Financial liabilities:
Long-term debt		792,481		804,380		168,000		178,080
Term loan		—		—		2,500		2,500
Acquisition-related contingent considerations		508		508		—		—

The following table represents the change in acquisition-related contingent consideration liabilities during the period from the Merger Date to September 30, 2014:


Balance as of Merger Date	$	508
Amortization of present value discount(1)		19
Fair value adjustment for change in consideration expected to be paid(2)		(19	)
Settlements		—


Balance as of September 30, 2014	$	508

(1): Changes in present value are included as a component of interest expense in the consolidated statement of operations.
(2): Fair value adjustments for changes in earn-out estimates are recorded as a component of general and administrative expense in the consolidated statement of operations.

Stock-Based Compensation. We account for stock-based compensation in accordance with Accounting Standards Codification ("ASC") 718, Compensation—Stock Compensation. ASC 718 requires all share-based payments to employees and non-employee members of the Board of Directors, including grants of stock options and restricted stock units, to be recognized in the consolidated statement of operations based on their fair values and that compensation expense be recognized for awards over the requisite service period of the award or to an employee's eligible retirement date, if earlier.

Earnings per Share. Basic earnings per share are computed by dividing net income (loss) by the weighted-average shares outstanding during the reporting period. Diluted earnings per share are computed similarly to basic earnings per share except that the weighted-average shares outstanding are increased to include additional shares from the assumed exercise of stock options and the assumed vesting of restricted share units, if dilutive. The number of additional shares is calculated by assuming that outstanding stock options were exercised, that outstanding restricted share units were released, and that the proceeds from such activities were used to acquire shares of common stock at the average market price during the reporting period.

Segment Reporting, The executive decision makers of our Company review operating results, assess performance and make decisions on a "significant market" basis. We, therefore, consider the Eldorado Reno, Eldorado Shreveport and MTR Gaming properties to be operating segments.

Recently Issued Accounting Pronouncements

In May 2014, the FASB issued Accounting Standards Update ("ASU") No. 2014-9, "Revenue from Contracts with Customers", which provides guidance for revenue recognition. The new standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard is designed to create greater comparability for financial statement users across industries and jurisdictions and also requires enhanced disclosures. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. Early adoption is not permitted. The Company is currently evaluating the impact of the adoption of ASU 2014-09 on its consolidated financial statements.

In August 2014, the FASB issued ASU No. 2014-15, "Presentation of Financial Statements—Going Concern" (Subtopic 205-40) which amends the current guidance in ASC Topic 205 by adding Subtopic 40. Subtopic 40 requires management to evaluate whether there are conditions or events that in aggregate would raise substantial doubt about an entity's ability to continue as a going concern for one year from the date the financial statements are issued or available to be issued. If substantial doubt existed, management would be required to make certain disclosures related to nature of the substantial doubt and under certain circumstances, how that substantial doubt would be mitigated. This amendment is effective for annual periods ending after December 15, 2016 and for subsequent interim and annual periods thereafter. Early adoption is permitted. The Company is currently evaluating the effects, if any, adoption of this guidance will have on its consolidated financial statements.

Reclassifications

Certain reclassifications, which have no effect on previously reported net income (loss), have been made to the 2013 consolidated balance sheet and to the unaudited condensed consolidated statements of operations to conform to the 2014 presentation. Other accrued liabilities at December 31, 2013 has been reduced by $7.0 million to disclose accrued gaming taxes and assessments ($2.4 million) and accrued payroll ($4.6 million) as separate balance sheet categories. Entertainment revenues ($1.0 million and $2.5 million for the three and nine months ended September 30, 2013, respectively) and entertainment expenses ($0.7 million and $1.8 million for the three and nine months ended September 30, 2013, respectively) have been reclassified from what was previously "food, beverage and entertainment" revenues and expenses to "other" revenues and expenses. Marketing and promotions costs have been reclassified to a separate line item from casino expenses ($4.1 million and $11.4 million for the three and nine months ended September 30, 2013, respectively) and from general and administrative expenses ($0.6 million and $1.7 million for the three and nine months ended September 30, 2013, respectively). Valet related expenses ($0.2 million and $0.7 million for the three and nine months ended September 30, 2013, respectively) have been reclassified to other expenses from general and administrative expenses.

Acquisition and Preliminary Purchase Accounting

9 Months Ended

Sep. 30, 2014

Acquisition and Preliminary Purchase Accounting

Acquisition and Preliminary Purchase Accounting

Note 2. Acquisition and Preliminary Purchase Accounting

The Merger has been accounted for as a reverse acquisition of MTR Gaming by HoldCo under which HoldCo is considered the acquirer for accounting purposes. HoldCo was considered the accounting acquirer on the Merger Date based on the following facts and circumstances:

•

The former members of HoldCo own approximately 50% of ERI.

•

Certain former members of HoldCo control the largest blocks of voting shares in ERI with the remaining shares of ERI being owned in smaller amounts by a diverse group of investors.

•

All of the initial members of ERI's board of directors were selected by HoldCo.

•

The Chief Executive Officer, President, the Chief Financial Officer and other key management of HoldCo assumed leadership positions at ERI upon consummation of the Merger.

•

As of the Merger Date, ERI and the combined Company's headquarters are in the same location in Reno, Nevada.

The total consideration paid was $103.0 million. The purchase consideration in a reverse acquisition is determined with reference to the value of equity that the accounting acquirer, Resorts, would have had to issue to the owners of the accounting acquiree, MTR Gaming, to give them the same percentage interest in the combined entity. However, in reverse acquisition between a public company as the legal acquirer and a private company as the accounting acquirer, the fair value of the legal acquirer's publicly traded stock generally is a more reliable determination of the fair value of the purchase consideration than the fair value of the accounting acquirer's untraded equity security, and, as such is generally used in calculating the purchase consideration. Accordingly, the following table provides the preliminary calculation of the purchase price using the fair value of the outstanding common stock of MTR Gaming based on the closing stock price of $4.43 on the Merger Date, as well as a reconciliation of the total shares outstanding on the Merger Date.


*ERI Outstanding Share Calculation*
Shares issued to Resorts(i)		23,311,492
Number of MTR Gaming shares outstanding on the Merger Date(ii)		28,386,084
MTR Gaming RSUs that vested upon closing of the Merger(iii)		499,179


Total ERI shares outstanding—before share repurchase		52,196,755
MTR Gaming shares acquired at $6.05 per share based on $35.0 million cash election(iv)		(5,785,123	)


Total ERI shares outstanding at Merger Date		46,411,632
Resorts % ownership		50.23	%
MTR Gaming % ownership		49.77	%
*Consideration Transferred (dollars in thousands, except stock price)*
Number of MTR Gaming shares outstanding at the Merger Date		28,386,084
MTR Gaming RSUs that vested upon closing of the Merger		499,179
MTR Gaming shares acquired at $6.05 per share based on $35.0 million cash election		(5,785,123	)


Total net MTR Gaming shares		23,100,140
FMV of MTR Gaming common stock at Merger Date	$	4.43


Fair value of MTR Gaming shares	$	102,334
Fair value of MTR Gaming stock options		677


Total consideration transferred	$	103,011

(i): The number of shares issued to members of Resorts in the Merger as merger consideration as determined pursuant to the terms of the Merger Agreement.
(ii): Number of shares of MTR common stock issued and outstanding immediately prior to closing.
(iii): Pursuant to the MTR 2010 Long-Term Incentive Plan, immediately prior to closing, all outstanding stock options and MTR RSUs vested and became immediately exercisable. All vested MTR RSUs were exchanged for one share of ERI common stock. All outstanding stock options became exercisable for shares of ERI common stock with the same terms as the previous awards.
(iv): Total cash election includes $30.0 million paid by MTR Gaming and $5.0 million paid by HoldCo on the Merger Date.

Under the terms of the Merger Agreement, Resorts members received 23,311,492 shares of newly issued common stock in the Company, subject to the lock up terms in the Merger Agreement, and MTR Gaming stockholders received 23,100,140 shares of newly issued common stock in the Company or cash in the amount of $6.05 per share at closing.

The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the Merger Date. The purchase price allocations are based upon preliminary valuations, and the Company's estimates and assumptions are subject to change within the measurement period as valuations are finalized. Any change in the estimated fair value of the net assets, prior to the finalization of the more detailed analyses, which must occur within one year from the Merger Date, may change the amount of the purchase price allocations.

At September 19, 2014
(in thousands)


Current assets	$	74,873
Property and equipment		270,172
Goodwill		104,734
Intangible assets(1)		436,600
Other noncurrent assets		20,381


Total assets		906,760
Current liabilities		45,316
Long term debt(2)		624,877
Deferred income taxes(3)		128,545
Other noncurrent liabilities		5,011


Total liabilities assumed		803,749


Net assets acquired	$	103,011

(1): Intangible assets consist of gaming licenses, trade names, and customer loyalty programs.
(2): Long term debt was comprised of MTR Second Lien Notes totaling $570.7 million.
(3): Deferred tax liabilities were derived based on fair value adjustments for property and equipment, identified intangibles, deferred financing costs, certain long term liabilities and long term debt.

Goodwill, the excess of the purchase price of acquiring MTR Gaming over the fair market value of the net assets acquired, in the amount of $104.7 million was recorded as of the Merger Date. The Company considers the goodwill to represent benefits expected to be realized as a result of the Merger, including, but not limited to, the expected synergies and the assembled workforce. None of the goodwill is expected to be deductible for tax purposes.

Trade receivables and payable, inventory as well as other current and non-current assets and liabilities were valued at the existing carrying values as they represented the fair value of those items at the Merger Date, based on management's judgments and estimates.

The fair value of property and equipment utilized a combination of the cost and market approaches, depending on the characteristics of the asset classification. The fair value of land was determined using the market approach, which considers sales of comparable assets and applies compensating factors for any differences specific to the particular assets. With respect to personal property components of the assets (gaming equipment, furniture, fixtures and equipment, computers, and vehicles) the cost approach was used, which is based on replacement or reproduction costs of the asset. Building and site improvements were valued using the cost approach using a direct cost model built on estimates of replacement cost.

The fair value of non-operating real property was determined utilizing a sales comparison approach.

The gaming and racing licenses of each property were valued in aggregate for each respective property, as these licenses are considered to be the most significant asset of MTR Gaming and the gaming licenses could not be obtained without holding the racing licenses. Therefore, a market participant would value the licenses in aggregate. The fair value of the licenses was determined using the excess earnings methodology, which is an income approach methodology that allocates the projected cash flows of the business to the gaming license intangible assets less charges for the use of other identifiable assets of MTR Gaming including working capital, fixed assets and other intangible assets. This methodology was considered appropriate as the gaming licenses are the primary asset of MTR Gaming and the licenses are linked to each respective facility. Under the gaming legislation applicable to the MTR Gaming properties, licenses are property specific and can only be acquired if a buyer acquires the existing facility. Because existing licenses may not be acquired and transferred for use at a different facility, the estimated future cash flows of each of the MTR Gaming properties was the primary assumption in the valuation of such property.

Management has preliminarily assigned an indefinite useful life to the gaming licenses, in accordance with its review of the applicable guidance of ASC 350. The standard required management to consider, among other things, the expected use of the asset, the expected useful life of other related asset or asset group, any legal, regulatory, or contractual provisions that may limit the useful life, the Company's own historical experience in renewing similar arrangements, the effects of obsolescence, demand and other economic factors, and the maintenance expenditures required to obtain the expected cash flows. In that analysis, management determined that no legal, regulatory, contractual, competitive, economic or other factors limit the useful lives of these intangible assets. The Company has licenses in Pennsylvania, West Virginia and Ohio. The renewal of each state's gaming license depends on a number of factors, including payment of certain fees and taxes, providing certain information to the state's gaming regulator, and meeting certain inspection requirements. However, the Company's historical experience has not indicated, nor does management expect, any limitations regarding its ability to continue to renew each license. No other competitive, contractual, or economic factor limits the useful lives of these assets. Accordingly, the Company has preliminarily concluded that the useful lives of these licenses are indefinite.

Trade names were valued using the relief-from-royalty method. The customer loyalty program was valued using a combination of a replacement cost and lost profits analysis. Trade names are being amortized on a straight-line basis over a five year useful life and the customer loyalty program is being amortized on a straight-line basis over a one year useful life. The weighted average useful life of all amortizing intangible assets related to the Merger is approximately three years.

Existing long term debt assumed on the Merger Date was fair valued based on quoted market prices.

Deferred income tax assets and liabilities as of the Merger Date represent the expected future tax consequences of temporary differences between the fair values of the assets acquired and liabilities assumed and their tax bases.

Unaudited Pro Forma Information

The following table includes the unaudited pro forma financial results for the three and nine months ended September 30, 2014 and 2013, which gives effect to the Merger as if it had occurred on January 1, 2013 and reflect proforma adjustments that are expected to have a continuing impact on the results of operations of the Company and are directly attributable to the Merger:

	Three Months Ended September 30,					Nine Months Ended September 30,

	2014			2013		2014		2013
	(in thousands, except per share amounts)
Revenues	$	191,098		$	192,494	$	549,605	$	574,605
Net (loss) income		(1,889	)		2,627		1,950		9,247
Net (loss) income per common share
Basic	$	(0.04	)	$	0.06	$	0.04	$	0.20
Diluted	$	(0.04	)	$	0.06	$	0.04	$	0.20
Weighted shares outstanding
Basic		46,411,632			46,411,632		46,411,632		46,411,632
Diluted		46,493,926			46,493,926		46,493,926		46,493,926

These pro forma results do not necessarily represent the results of operations that would have been achieved if the MTR Gaming transaction had taken place on January 1, 2013, nor are they indicative of the results of operations for future periods. The pro forma amounts include the historical operating results of the Company and MTR Gaming prior to the acquisition, with adjustments directly attributable to the Merger.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1490-128463

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7008-128479

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
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-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1500-128463

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1524-128463

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7000-128479

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
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-URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4922-128472

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4934-128472

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4926-128472

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1383-128463

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
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-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479

+ Details

Investment in Unconsolidated Affiliates

9 Months Ended

Sep. 30, 2014

Investment in Unconsolidated Affiliates

Investment in Unconsolidated Affiliates

Note 3. Investment in Unconsolidated Affiliates

Effective March 1, 1994, ELLC and Galleon, (each a "Partner" and, together, the "Partners"), entered into the Silver Legacy Joint Venture pursuant to a joint venture agreement (the "Original Joint Venture Agreement" and, as amended to date, the "Joint Venture Agreement") to develop the Silver Legacy. The Silver Legacy consists of a casino and hotel located in Reno, Nevada, which began operations on July 28, 1995. Each partner owns a 50% interest in the Silver Legacy Joint Venture. Prior to the Merger Date, Resorts owned a 48.1% interest in the Silver Legacy Joint Venture by means of its 96.2% ownership of ELLC, which owned a 50% interest in the Silver Legacy Joint Venture. Subsequent to the Merger Date, the Resorts owns a direct 48.1% interest in the Silver Legacy Joint Venture.

On May 17, 2012, the Silver Legacy Joint Venture and Silver Legacy Capital Corp. (the "Silver Legacy Debtors") filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code and on June 1, 2012 the Silver Legacy Debtors filed a joint plan of reorganization, which was subsequently amended on June 29, 2012 and August 8, 2012 (the "Plan of Reorganization"). On October 23, 2012, an order of confirmation relating to the Plan of Reorganization was entered by the bankruptcy court. The effective date, as defined in the Plan of Reorganization, occurred on November 16, 2012. Concurrently, the Silver Legacy Joint Venture closed on its new debt facilities and issued its new subordinated debt owed to its partners. All creditors were paid under the terms of the Plan of Reorganization (with the exception of the quarterly installment payments to certain general unsecured creditors which were paid in full by November 16, 2013) and the Silver Legacy Joint Venture emerged from bankruptcy. A final hearing was held and the Chapter 11 case closed on March 20, 2013.

Under the Plan of Reorganization, each of ELLC and Galleon retained its 50% interest in the Silver Legacy Joint Venture, but was required to advance $7.5 million to the Silver Legacy Joint Venture pursuant to a subordinated loan and provide credit support by depositing $5.0 million of cash into a bank account as collateral in favor of the lender under the Silver Legacy Joint Venture credit agreement. The $7.5 million note receivable from ELLC to the Silver Legacy Joint Venture was issued on November 16, 2012 with a stated interest rate of 5% per annum and a maturity date of May 16, 2018 and is included on the accompanying consolidated balance sheets in Investment in and Advances to Unconsolidated Affiliates at September 30, 2014 and December 31, 2013. Payment of any interest or principal under the loan is subordinate to the senior indebtedness of the Silver Legacy Joint Venture. Accrued interest under the loan will be added to the principal amount of the loan and may not be paid unless principal of the loan may be paid in compliance with the terms of the senior indebtedness outstanding or at maturity. The $5.0 million collateral deposit by ELLC is included as non-current restricted cash in the accompanying consolidated balance sheets at September 30, 2014 and December 31, 2013.

On December 16, 2013, the Silver Legacy Joint Venture entered into a new senior secured term loan facility totaling $90.5 million (the "New Silver Legacy Credit Facility") to refinance its indebtedness under its then existing senior secured term loan and Silver Legacy Second Lien Notes. The proceeds from the New Silver Legacy Credit Facility, in addition to $7.0 million of operating cash flows, were used to repay $63.8 million representing principal and interest outstanding under the Silver Legacy Credit Facility, $31.7 million representing principal and interest related to the extinguishment of the Silver Legacy Second Lien Notes and $2.0 million in fees and expenses associated with the transactions. The New Silver Legacy Credit Facility consists of a $60.5 million first-out tranche term loan and a $30.0 million last-out tranche term loan. The New Silver Legacy Credit Facility matures on November 16, 2017, which was the maturity date of the original Silver Legacy credit facility.

Equity in income related to the Silver Legacy Joint Venture for the three and nine months ended September 30, 2014 amounted to $1.0 million and $2.3 million, respectively. Equity in income related to the Silver Legacy Joint Venture for the three and nine months ended September 30, 2013 amounted to $1.9 million and $2.6 million, respectively.

Summarized information for the Company's investment in and advances to the Silver Legacy Joint Venture for the nine months ended September 30, 2014 and the year ended December 31, 2013 is as follows (in thousands):

	September 30, 2014			December 31, 2013

	(unaudited)
Beginning balance	$	13,081		$	(2,198	)
Equity in income of unconsolidated affiliate		2,299			2,261
Gain on early extinguishment of debt of unconsolidated affiliate		—			11,980
Other comprehensive income—minimum pension liability adjustment of unconsolidated affiliate		(166	)		1,772
Member's distribution		—			(734	)


Ending balance	$	15,214		$	13,081

Summarized balance sheet information for the Silver Legacy Joint Venture is as follows (in thousands):

	September 30, 2014		December 31, 2013

	(unaudited)
Current assets	$	37,243	$	29,565
Property and equipment, net		192,230		198,150
Other assets, net		6,898		8,201


Total assets	$	236,371	$	235,916




Current liabilities	$	26,571	$	27,475
Long-term liabilities		89,634		92,541
Partners' equity		120,166		115,900


Total liabilities and partners' equity	$	236,371	$	235,916

Summarized unaudited results of operations for the Silver Legacy Joint Venture are as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,

	2014			2013			2014			2013
Net revenues	$	34,447		$	34,979		$	97,540		$	96,683
Operating expenses		(29,645	)		(29,076	)		(84,667	)		(84,833	)


Operating income		4,802			5,903			12,873			11,850
Other expense		(2,778	)		(2,063	)		(8,273	)		(6,213	)
Reorganization items		—			(84	)		—			(407	)


Net income	$	2,024		$	3,756		$	4,600		$	5,230

Prior to the Merger, Resorts owned a 21.3% interest in Tamarack, which owns and operates Tamarack Junction, a small casino in south Reno, Nevada. Donald L. Carano ("Carano"), who was the presiding member of Resorts' Board of Managers and the Chief Executive Officer of Resorts, owned a 26.3% interest in Tamarack. Four members of Tamarack, including Resorts and three unaffiliated third parties, managed the business and affairs of Tamarack Junction. At December 31, 2013, Resorts' financial investment in Tamarack was $5.3 million. Resorts' capital contribution to Tamarack represented its proportionate share of the total capital contributions of the members. Resorts' investment in Tamarack was accounted for using the equity method of accounting. Equity in income related to Tamarack for the three months ended September 30, 2014 and 2013 of $0.2 million and $0.3 million, respectively, and for the nine months ended September 30, 2014 and 2013 of $0.7 million and $0.8 million, respectively, is included as a component of operating income.

On September 1, 2014, and as a condition to closing the Merger, Resorts distributed to HoldCo and HoldCo subsequently distributed to its members on a pro rata basis Resorts' interest in Tamarack. No gain or loss was recognized in the accompanying unaudited consolidated financial statements as a result of such distribution because the distribution was in the amount of the book value of Tamarack. The distributed interests in Tamarack had a carrying amount of $5.5 million.

Summarized information for Resort's equity in Tamarack for 2014 prior to its distribution and the year ended December 31, 2013 is as follows (in thousands):

	September 30, 2014			December 31, 2013

	(unaudited)
Beginning balance	$	5,268		$	5,066
Member's distribution		(509	)		(892	)
Equity in net income of unconsolidated affiliate		720			1,094
Liquidation of investment		(5,479	)		—


Ending balance	$	—		$	5,268

Summarized balance sheet information for Tamarack at December 31, 2013 is as follows (in thousands):


Current assets	$	6,165
Property and equipment, net		22,065
Other assets		19


Total assets	$	28,249




Current liabilities	$	2,020
Notes payable and capital lease obligations		1,443
Partners' equity		24,786


Total liabilities and partners' equity	$	28,249

Summarized unaudited results of operations for Tamarack is as follows (in thousands):

	Period from July 1, 2014 through August 31, 2014			Three Months Ended September 30, 2013			Period from January 1, 2014 through August 31, 2014			Nine Months Ended September 30, 2013

Net revenues	$	3,549		$	4,937		$	12,908		$	14,372
Operating expenses		(2,470	)		(3,590	)		(9,431	)		(10,351	)


Operating income		1,079			1,347			3,477			4,021
Interest expense		(10	)		(22	)		(45	)		(78	)


Net income	$	1,069		$	1,325		$	3,432		$	3,943

Other and Intangible Assets

9 Months Ended

Sep. 30, 2014

Other and Intangible Assets

Other and Intangible Assets

Note 4. Other and Intangible Assets

Other and intangible assets, net, include the following amounts (in thousands):

	September 30, 2014			December 31, 2013

Goodwill	$	104,734		$	—
Gaming licenses (indefinite-lived)		445,474			20,574
Trade names		6,600			—
Customer loyalty programs		5,100			—


		561,908			20,574
Accumulated amortization trade names		(47	)		—
Accumulated amortization loyalty programs		(182	)		—


Total goodwill and other intangible assets	$	561,679		$	20,574




Land held for development	$	906		$	906
Bond offering costs, 8.625% Resorts Senior Secured Notes		6,851			6,851
Other		4,825			957


		12,582			8,714
Accumulated amortization bond costs		(2,866	)		(2,226	)


Total Other Assets, net	$	9,716		$	6,488

Included in gaming licenses is the Eldorado Shreveport gaming license recorded at $20.6 million at both September 30, 2014 and December 31, 2013. The license presents an intangible asset acquired from the purchase of a gaming entity located in a gaming jurisdiction where competition is limited, such as when only a limited number of gaming operators are allowed to operate. Gaming license rights are not subject to amortization as the Company has determined that they have an indefinite useful life.

Goodwill, the excess of the purchase price of acquiring MTR Gaming over the fair market value of the net assets acquired, in the amount of $104.7 million was recorded as of the Merger Date. For financial reporting purposes, goodwill is not amortized, but is reviewed no less than annually or when events or circumstances indicate the carrying value might exceed the market value to determine if there has been an impairment in the recorded value.

Amortization of Resorts' bond and loan costs is computed using the straight-line method, which approximates the effective interest method, over the term of the bonds or loans, respectively, and is included in interest expense on the accompanying unaudited consolidated statements of operations and comprehensive income. Amortization expense with respect to deferred financing costs amounted to $0.2 million for each of the three months ended September 30, 2014 and 2013 and $0.6 million for each of the nine months ended September 30, 2014 and 2013. Such amortization expense is expected to be $0.2 million during the remainder of 2014, $0.9 million during each of the years ended December 31, 2015 through 2018 and $0.4 million during 2019.

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2014
Income Taxes
Income Taxes	Note 5. Income Taxes The Company estimates an annual effective income tax rate based on projected results for the year and applies this rate to income before taxes to calculate income tax expense. Any refinements made due to subsequent information that affects the estimated annual effective income tax rate are reflected as adjustments in the current period. The income tax provision results in an effective tax rate that has an unusual relationship to our pretax income (loss). This is due to the federal and state valuation allowances on our deferred tax assets as discussed below. The difference between the effective rate and the statutory rate is attributed primarily to the federal and state valuation allowances on our deferred tax assets as discussed below. As a result of our net operating losses and the net deferred tax asset position (after exclusion of certain deferred tax liabilities that generally cannot be offset against deferred tax assets, known as "Naked Credits"), we expect to continue to provide for a full valuation allowance against substantially all of our net federal and our net state deferred tax assets. For income tax purposes we amortize or depreciate certain assets that have been assigned an indefinite life for book purposes. The incremental amortization or depreciation deductions for income tax purposes result in an increase in certain deferred tax liabilities that cannot be used as a source of future taxable income for purposes of measuring our need for a valuation allowance against the net deferred tax assets. Therefore, we expect to record non cash deferred tax expense as we amortize these assets for tax purposes. During the three months ended September 30, 2014, our tax expense was $1.2 million. The third quarter of 2014 provision reflects the recording of additional naked credit amortization in the amount of $0.3 million and a state and local income tax provision of $0.9 million. There was no income tax expense during third quarter of 2013 because we were a partnership for income tax purposes. Prior to the Merger Date, we were taxed as a partnership under the Internal Revenue Code pursuant to which income taxes are primarily the responsibility of the partners. On September 18, 2014, as part of the merger with MTR Gaming, Inc., we became a C Corporation subject to the federal and state corporate-level income taxes at prevailing corporate tax rates. As a result of this change in status, a discrete expense of $0.7 million was recognized during the three months ended September 30, 2014. During the nine months ended September 30, 2014, our tax expense was $1.2 million. The nine months ended September 30, 2014 provision reflects the recording of additional naked credit amortization in the amount of $0.3 million and a state and local income tax provision of $0.9 million. There was no tax expense during the nine months ended September 30, 2013 because we were a partnership for income tax purposes. As of September 30, 2014, there are no unrecognized tax benefits and we do not expect a significant increase or decrease to the total amounts of unrecognized tax benefits within the next twelve months. We file a US federal income tax return, and various state and local income tax returns. With few exceptions, we are no longer subject to US federal or state and local tax examinations by tax authorities for years before 2011.

Long-Term Debt

9 Months Ended

Sep. 30, 2014

Long-Term Debt

Long-Term Debt

Note 6. Long-Term Debt

Long-term debt consists of the following (in thousands):

	September 30, 2014		December 31, 2013

8.625% Resorts Senior Secured Notes	$	168,000	$	168,000
Term Loan under Secured Credit Facility		—		2,500
11.5% MTR Second Lien Notes		570,664		—
Unamortized premium		53,817		—


Total 11.5% MTR Second Lien Notes		624,481		—


		792,481		170,500
Less—Current portion		—		2,500


	$	792,481	$	168,000

Scheduled maturities of long-term debt are $738.7 million in 2019.

Resorts' Debt Obligations

On June 1, 2011, Resorts issued $180 million of 8.625% Resorts Senior Secured Notes due June 15, 2019 (the "Resorts Senior Secured Notes"). Interest on the Resorts Senior Secured Notes is payable semiannually each June 15 and December 15 to holders of record on the preceding June 1 or December 1, respectively.

The indenture relating to the Resorts Senior Secured Notes contains various restrictive covenants including, restricted payments and investments, additional liens, transactions with affiliates, covenants imposing limitations on additional debt, dispositions of property, mergers and similar transactions, and events of default. As of September 30, 2014, Resorts was in compliance with all of the covenants under the indenture relating to the Resorts Senior Secured Notes.

The Resorts Senior Secured Notes are unconditionally guaranteed, jointly and severally, by all of Resorts' current and future domestic restricted subsidiaries other than Eldorado Capital Corp., an entity that was formed for the exclusive purpose of acting as co-issuer of debt issued by Resorts (collectively, the "Guarantors"). The Silver Legacy Joint Venture is not a subsidiary and did not guarantee the Resorts Senior Secured Notes. The Resorts Senior Secured Notes are secured by a first priority security interest on substantially all of Resorts' current and future assets (other than certain excluded assets, including gaming licenses and Resorts' interests in ELLC and the Silver Legacy Joint Venture). Such security interests are junior to the security interests with respect to obligations of Resorts and the Guarantors under the Secured Credit Facility. In addition, all of the membership interests in Resorts and equity interests in the Guarantors are subject to a pledge for the benefit of the holders of the Resorts Senior Secured Notes.

Resorts may redeem some or all of the Resorts Senior Secured Notes prior to June 15, 2015 at a redemption price of 100% of the principal amount thereof plus a "make whole premium" together with accrued and unpaid interest thereon. On or after June 15, 2015, Resorts may redeem the Resorts Senior Secured Notes at the following redemption prices (expressed as a percentage of principal amount) plus any accrued and unpaid interest thereon:

Year beginning June 15,

2015	104.313	%
2016	102.156	%
2017 and thereafter	100.000	%

On June 1, 2011, Resorts entered into a $30 million senior secured revolving credit facility (the "Resorts Secured Credit Facility") available until May 30, 2014 consisting of a $15 million term loan and a $15 million revolving credit facility. The term loan was repaid during the second quarter of 2014. At December 31, 2013, the outstanding principal amount under the Term Loan was $2.5 million. Resorts did not renew the Resorts Secured Credit Facility when it matured on May 30, 2014.

MTR Gaming Debt Obligations

MTR Second Lien Notes. On August 1, 2011, MTR Gaming issued $565.0 million 11.5% Senior Secured Second Lien Notes (the "MTR Second Lien Notes") due August 1, 2019 at an issue price equal to 97% of the aggregate principal amount of the MTR Second Lien Notes. The MTR Second Lien Notes mature on August 1, 2019, with interest payable semi-annually in arrears on February 1 and August 1 of each year.

The MTR Second Lien Notes and the guarantees are senior secured obligations and are jointly and severally, fully, and unconditionally guaranteed by MTR Gaming's current and future domestic restricted subsidiaries, other than MTR Gaming's immaterial subsidiaries. The MTR Second Lien Notes are secured by a second priority lien on substantially all of the assets of MTR Gaming and the guarantors, other than excluded property, as defined in the Senior Secured Second Lien Indenture. The MTR Second Lien Notes and the guarantees are effectively junior to any of MTR Gaming's and the guarantors' existing and future debt that is secured by senior or prior liens on the collateral, including indebtedness under MTR Gaming's senior secured revolving credit facility, as discussed below, to the extent of the value of the collateral securing such obligations.

The indenture governing the MTR Second Lien Notes contains a number of customary covenants, including limitations on restricted payments and investments, additional liens, transactions with affiliates, additional debt, dispositions of property, mergers and similar transactions, and events of default. In addition, if the consolidated total debt ratio of MTR Gaming is equal to or greater than 4.0 to 1.0 and such offer is permitted pursuant to the terms of MTR Gaming's credit facilities, MTR Gaming is required to repay debt under its credit facility or make an offer to purchase MTR Second Lien Notes with the excess cash flow amounts (as such term is defined in the indenture governing the MTR Second Lien Notes). As of September 30, 2014, MTR Gaming was in compliance with the covenants under the indenture relating to the MTR Second Lien Notes.

MTR Gaming may redeem some or all of the MTR Second Lien Notes prior to August 1, 2015 at a redemption price of 100% of the principal amount thereof plus a "make whole premium" together with accrued and unpaid interest thereon. On or after August 1, 2015, MTR Gaming may redeem the MTR Second Lien Notes at the following redemption prices (expressed as a percentage of principal amount) plus any accrued and unpaid interest thereon:

Year beginning August 1,

2015	106.000	%
2016	103.000	%
2017 and thereafter	100.000	%

MTR Credit Facility. On August 1, 2011, MTR Gaming entered into a senior secured revolving credit facility (the "MTR Credit Facility") with a borrowing availability of $20.0 million and a maturity date of August 1, 2016. There were no borrowings outstanding as of September 30, 2014.

The MTR Credit Facility is secured by substantially the same assets securing the MTR Second Lien Notes (and including securities of MTR Gaming's subsidiaries to the extent permitted by law). Borrowings under the MTR Credit Facility are guaranteed by all of MTR Gaming's existing and future domestic restricted subsidiaries. The security interest in the collateral that secures the MTR Credit Facility is senior to the security interest in the collateral that secures the MTR Second Lien Notes.

The MTR Credit Facility contains a number of customary covenants, including limitations on restricted payments and investments, additional liens, transactions with affiliates, additional debt, dispositions of property, mergers and similar transactions, and events of default. The MTR Credit Facility also contains certain financial covenants, including maximum capital expenditures, maximum consolidated leverage ratios, minimum consolidated interest coverage ratios and minimum consolidated EBITDA amounts. As of September 30, 2014, MTR Gaming was in compliance with the required covenants.

Earnings per Share

9 Months Ended

Sep. 30, 2014

Earnings per Share

Earnings per Share

Note 7. Earnings per Share

The following table illustrates the required disclosure of the reconciliation of the numerators and denominators of the basic and diluted net income per share computations during the three and nine months ended September 30, 2014:

	Three Months Ended September 30, 2014			Three Months Ended September 30, 2013		Nine Months Ended September 30, 2014			Nine Months Ended September 30, 2013

	(dollars in thousands, except per share amounts)
Net (loss) income	$	(4,064	)	$	3,184	$	(3,488	)	$	11,819




Shares outstanding:
Weighted average shares		26,075,022			23,311,492		24,242,791			23,311,492
Effect of dilutive securities		—			—		—			—


Diluted shares outstanding		26,075,022			23,311,492		24,242,791			23,311,492




Net (loss) income per common share:
Basic	$	(0.16	)	$	0.14	$	(0.14	)	$	0.51




Diluted	$	(0.16	)	$	0.14	$	(0.14	)	$	0.51

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2014
Commitments and Contingencies
Commitments and Contingencies	Note 8. Commitments and Contingencies Litigation We are a party to various lawsuits, which have arisen in the normal course of our business. Estimated losses are accrued for these lawsuits and claims when the loss is probable and can be estimated. The current liability for the estimated losses associated with those lawsuits is not material to our consolidated financial condition and those estimated losses are not expected to have a material impact on our results of operations. In connection with the Merger, three class action lawsuits were filed by purported stockholders of MTR challenging the Merger. All three cases were filed in the Delaware Court of Chancery. The first case was filed on September 23, 2013 and is captioned Harris v. MTR Gaming Group, Inc., et al., Case No. 8937-VCG (the "Harris Case"); the second case was filed on September 27, 2013 and is captioned Julian v. MTR Gaming Group, Inc., et al., Case No. 8950-VCG (the "Julian Case"); and the third case was filed on October 14, 2013 and is captioned Morse v. MTR Gaming, Inc., et al., Case No. 9001 (the "Morse Case"). These cases, which purported to be brought as class actions on behalf of all MTR stockholders, excluding the members of MTR's board of directors, alleged, among other things, that the consideration to be received by MTR stockholders in connection with the merger was inadequate and that MTR's directors breached their fiduciary duties to stockholders in negotiating and approving the Merger Agreement. On August 25, September 17, and October 9, 2014 Plaintiffs separately moved to voluntarily dismiss their claims. On October 21, 2011, a complaint was filed challenging certain aspects of the casino referendum and the Ohio Governor's and legislature's approval of legislation authorizing VLTs at Ohio's seven horse racetracks. Scioto Downs, in order to protect its right to VLT gaming, filed a motion to intervene on February 2, 2012. Dispositive Motions were filed by the Ohio Attorney General, Scioto Downs, Inc. and others on February 20, 2012, and, on May 30, 2012, the litigation was dismissed. On March 13, 2013, the appeals court affirmed the lower court decision. On April 26, 2013, the plaintiffs filed a notice of Appeal to the Ohio Supreme Court. On July 24, 2013 The Ohio Supreme Court granted allocatur, agreeing to hear this matter upon the outcome of another case with comparable legal issues that was before the court. On June 10, 2014, the Ohio Supreme Court affirmed the dismissal of the appeal of the matter involving the comparable legal issues. In light of the decision on the comparable matter, Scioto Downs and the other parties, filed a joint motion to dismiss the appeal of this matter on July 2, 2014, which is still pending before the Court. Sales and Use Tax Case In March 2008, the Nevada Supreme Court ruled, in a case involving another gaming company, that food and non-alcoholic beverages purchased for use in providing complimentary meals to customers and to employees were exempt from use tax. Resorts had previously paid use tax on these items and had generally filed for refunds for the periods from January 2001 to February 2008 related to this matter, which refunds had not been paid. Resorts claimed the exemption on sales and use tax returns for periods after February 2008 in light of this Nevada Supreme Court decision and had not accrued or paid any sales or use tax for those periods. In June 2013, Resorts and other similarly situated companies entered into a global settlement agreement with the Nevada Department of Taxation (the "Taxation Department") that, when combined with the contemporaneous passage of legislation governing the prospective treatment of complimentary meals ("AB 506"), resolved all matters concerning the prior and future taxability of such meals. AB 506 provides that complimentary meals provided to customers and employees after the effective date of the bill are not subject to either sales or use tax. Under the terms of the global settlement, Resorts agreed to withdraw its refund requests and the Taxation Department agreed to drop its assertion that sales tax was due on such meals up to the effective date of AB 506. Since Resorts did not previously accrue either the claims for refund of use taxes or any liability for sales taxes that the Taxation Department may have asserted prior to entering the global settlement agreement, there is no financial statement impact of entering into the settlement agreement. In 2002, Resorts entered into a professional services agreement on a contingency fee basis arrangement with a third party advisory group to obtain refunds or credits for the aforementioned overpaid sales and use taxes. In August 2013, the Company received a letter from the advisory group seeking payment of approximately $890,000 for unsubstantiated services rendered in connection with the settlement agreement reached in AB 506 and is seeking contingency fees for taxes resolved by legislation from February 2008 and for future taxes through 2019 that will not materialize. The Company denies any obligations under the contingent fee basis claim as no amounts were recovered by the Company under the terms of the agreement. Environmental Remediation In October 2004, MTR Gaming acquired 229 acres of real property, known as the International Paper site, as an alternative site to build Presque Isle Downs. In connection with our acquisition of the International Paper site, MTR Gaming entered into a consent order and decree (the "Consent Order") with the PaDEP and International Paper insulating it from liability for certain pre-existing contamination, subject to compliance with the Consent Order, which included a proposed environmental remediation plan for the site, which was tied specifically to the use of the property as a racetrack. The proposed environmental remediation plan in the Consent Order was based upon a "baseline environmental report" and management estimated that such remediation would be subsumed within the cost of developing the property as a racetrack. The racetrack was never developed at this site. In October 2005, MTR Gaming sold approximately 205 acres to GEIDC which assumed primary responsibility for the remediation obligations under the Consent Order relating to the property they acquired. However, MTR Gaming was advised by the PaDEP that it was not released from its liability and responsibility under the Consent Order. MTR Gaming also purchased an Environmental Risk Insurance Policy in the amount of $10.0 million with respect to the property, which expires in October 2015. MTR Gaming believes the insurance coverage is in excess of any exposure that it may have in this matter. Regulatory Gaming Assessments The Pennsylvania Gaming Control Board (the "PGCB"), the Pennsylvania Department of Revenue and the Pennsylvania State Police (collectively "the Borrowers"), were required to fund the costs they incurred in connection with the initial development of the infrastructure to support gaming operations in Pennsylvania as well as the initial ongoing costs of the Borrowers. The initial funding of these costs was provided from a loan from the Pennsylvania General Fund in the amount of approximately $36.1 million, and further funding was provided from additional loans from the Pennsylvania Property Tax Reserve Fund in the aggregate amount of approximately $63.8 million. The Pennsylvania Department of Revenue will assess all licensees, including Presque Isle Downs, their proportionate share of amounts represented by the borrowings, which are in the aggregate amount of $99.9 million, once the designated number of Pennsylvania's slot machine licensees is operational. On July 11, 2011, the PGCB issued an administrative order which established that payments associated with the $63.8 million that was borrowed from the Property Tax Reserve Fund would commence on January 1, 2012. The repayment allocation between all current licensees is based upon equal weighting of (i) cumulative gross slot revenue since inception in relation to the combined cumulative gross slot revenue for all licensees and (ii) single year gross slot revenue (during the state's fiscal year ending June 30) in relation to the combined single year gross slot revenue for all licensees; and amounts paid each year will be adjusted annually based upon changes in the licensee's proportionate share of gross slot revenue. MTR Gaming has estimated that its total proportionate share of the aggregate $63.8 million to be assessed to the gaming facilities will be approximately $4.2 million and will be paid quarterly over a ten-year period, which began effective January 1, 2012. For the $36.1 million that was borrowed from the General Fund, payment is scheduled to begin after all fourteen licensees are operational. Although MTR Gaming cannot determine when payment will begin, it has considered a similar repayment model for the General Fund borrowings and estimated that its total proportionate share of the aggregate $36.1 million to all fourteen gaming facilities will approximate $2.2 million, which has been accrued in the accompanying unaudited consolidated balance sheet at September 30, 2014. The recorded estimate is subject to revision based upon future changes in the revenue assumptions utilized to develop the estimate. The estimated total obligation at September 30, 2014 was $5.1 million and is accrued in the accompanying unaudited consolidated balance sheet. MTR Gaming paid approximately $0.3 million during the nine months ended September 30, 2014.

Related Parties	9 Months Ended
Related Parties	Sep. 30, 2014
Related Parties
Related Parties	Note 9. Related Parties As of September 30, 2014, the Company's receivables and payables to related parties, each amounted to $0.2 million. As of December 31, 2013, the Company's receivables and payables to related parties, amounted to $0.4 million and $0.2 million, respectively. These amounts represent amounts related to shared services and other transactions in the ordinary course of business between Resorts and Silver Legacy. Historically, Resorts paid management fees to Recreational Enterprises, Inc. ("REI") and Hotel Casino Management, Inc. ("HCM"), the owners of 47% and 25% of HoldCo's equity interests, respectively, prior to the Merger. In connection with the refinancing of Resorts' debt obligations in September 2011, the management agreement was amended which, among other things, placed a maximum management fee payment allowed at $0.6 million annually. In the third quarters of both 2014 and 2013, we paid an aggregate $0.2 million in management fees to REI and HCM. For each of the nine months ended September 30, 2014 and 2013, Resorts paid an aggregate $0.5 million in management fees to REI and HCM. On September 1, 2014, and as a condition to closing the Merger, HoldCo distributed all of Resorts' interest in Tamarack on a pro rata basis to its members. This distribution was made prior to the Merger Date and, accordingly, the value of Tamarack was excluded from the value on which the issuance of common stock of the Company to Resorts was determined.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Segment Information

9 Months Ended

Sep. 30, 2014

Segment Information

Segment Information

Note 10. Segment Information

The following table sets forth, for the period indicated, certain operating data for our reportable segments. Management views each of our casinos as an operating segment. Operating segments are aggregated based on their similar economic characteristics, types of customers, types of services and products provided, and their management and reporting structure. The Company's principal operating activities occur in three geographic regions: Reno, Shreveport and the eastern states. The Company has aggregated its operating segments into three reportable segments: Eldorado Reno, Eldorado Shreveport and MTR Gaming.

	Three Months Ended September 30,						Nine Months Ended September 30,

	2014			2013			2014			2013
	(in thousands)
Revenues and expenses
Eldorado Reno
Net operating revenues(a)	$	28,759		$	30,571		$	81,545		$	84,534
Expenses, excluding depreciation		(25,321	)		(25,930	)		(72,585	)		(72,866	)
Loss on sale or disposition of property		—			—			—			(6	)
Acquisition charges		(3,845	)		(1,416	)		(6,298	)		(1,416	)
Equity in net income of unconsolidated affiliate		1,238			2,160			3,019			3,425
Depreciation		(1,941	)		(2,058	)		(5,933	)		(6,297	)


Operating (loss) income—Eldorado Reno	$	(1,110	)	$	3,327		$	(252	)	$	7,374




Eldorado Shreveport
Net operating revenues	$	34,629		$	33,810		$	102,122		$	109,354
Expenses, excluding depreciation and amortization(a)		(28,647	)		(27,806	)		(84,389	)		(86,416	)
(Loss) gain on sale or disposition of property		(3	)		—			(3	)		8
Depreciation and amortization		(2,053	)		(2,239	)		(6,335	)		(6,703	)


Operating income—Eldorado Shreveport	$	3,926		$	3,765		$	11,395		$	16,243




MTR Gaming
Net operating revenues	$	16,311		$	—		$	16,311		$	—
Expenses, excluding depreciation and amortization		(14,442	)		—			(14,442	)		—
Acquisition charges		(618	)		—			(618	)		—
Depreciation and amortization		(1,289	)		—			(1,289	)		—


Operating (loss)—MTR Gaming	$	(38	)	$	—		$	(38	)	$	—




Total Reportable Segments
Net operating revenues(a)	$	79,699		$	64,381		$	199,978		$	193,888
Expenses, excluding depreciation and amortization(a)		(68,410	)		(53,736	)		(171,416	)		(159,282	)
(Loss) gain on sale or disposition of property		(3	)		—			(3	)		2
Acquisition charges		(4,463	)		(1,416	)		(6,916	)		(1,416	)
Equity in net income of unconsolidated affiliate		1,238			2,160			3,019			3,425
Depreciation and amortization		(5,283	)		(4,297	)		(13,557	)		(13,000	)


Operating income—Total Reportable Segments	$	2,778		$	7,092		$	11,105		$	23,617




Reconciliations to Consolidated Net Income
Operating Income—Total Reportable Segments	$	2,778		$	7,092		$	11,105		$	23,617
Unallocated income and expenses:
Interest income		5			4			13			12
Interest expense		(5,652	)		(3,912	)		(13,411	)		(11,810	)
Provision for income taxes		(1,195	)		—			(1,195	)		—


Net (loss) income	$	(4,064	)	$	3,184		$	(3,488	)	$	11,819

(a): Before the elimination of $0.8 million for each of the three month periods ended September 30, 2014 and 2013 and $2.2 million for each of the nine month periods ended September 30, 2014 and 2013 for management fees to Eldorado Reno and expense to Eldorado Shreveport.

	Nine Months Ended September 30,

	2014		2013
	(in thousands)
Capital Expenditures
Eldorado Reno	$	2,404	$	1,805
Eldorado Shreveport		1,824		3,612
MTR Gaming		337		—


Total	$	4,565	$	3,624

	As of September 30, 2014			As of December 31, 2013

	(in thousands)
Total Assets
Eldorado Reno	$	246,665		$	252,066
Eldorado Shreveport		147,320			150,766
MTR Gaming		909,853			—
Eliminating entries(a)		(134,455	)		(132,650	)


Total	$	1,169,383		$	270,182

(a): Reflects the following eliminations for the periods indicated:



Proceeds from Resorts Senior Secured Notes loaned to Eldorado Shreveport	$	116,308	$	118,038
Accrued interest on the above intercompany loan		2,926		418
Intercompany receivables/payables		232		91
Net investment in and advances to MTR Gaming		5,000		—
Benefit for tax provision		2,962
Net investment in and advances to Eldorado Shreveport		7,027		14,103


	$	134,455	$	132,650

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Topic 280
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-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2014
Subsequent Events
Subsequent Events	Note 11. Subsequent Events In October 2014, MTR Gaming repurchased $10.0 million in aggregate principal amount of its 11.25% Senior Secured Second Lien Notes, at a price of $110.25 per $100 in principal amount of the purchased notes, which approximated their carrying value as of September 30, 2014.

Organization, Basis of Presentation and Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2014

Organization, Basis of Presentation and Significant Accounting Policies

Cash and Cash Equivalents

Restricted Cash

Accounts Receivable and Credit Risk

Certain Concentrations of Risk

Inventories

Property and Equipment

Investment in Unconsolidated Affiliates

Long-Lived and Finite-Lived Intangible Assets and Non-Operating Real Properties

Indefinite-Lived Intangible Assets

Self-Insurance Reserves

Outstanding Chip Liability

Frequent Players Program

Revenues and Promotional Allowances

Advertising

Advertising. Advertising costs are expensed in the period the advertising initially takes place and are included in marketing and promotions expenses.

Fair Value of Financial Instruments


• Level 1:		Quoted market prices in active markets for identical assets or liabilities.
• Level 2:		Observable market-based inputs or unobservable inputs that are corroborated by market data.
• Level 3:		Unobservable inputs that are not corroborated by market data.

The following methods and assumptions are used to estimate the fair value of each class of financial instruments for which it is practical to estimate fair value:

Restricted Cash: The credit support deposit is classified as Level 1 as its carrying value approximates market prices.

Advance to Silver Legacy Joint Venture: The $7.5 million note receivable due to ELLC from the Silver Legacy Joint Venture (see Note 3) is classified as Level 2 based upon market-based inputs.

The estimated fair values of the Company's financial instruments are as follows (amounts in thousands):

	September 30, 2014				December 31, 2013

	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets:
Cash and cash equivalents	$	91,129	$	91,129	$	29,813	$	29,813
Restricted cash		6,548		6,548		5,305		5,305
Advance to Silver Legacy Joint Venture		—		4,567		—		4,004
Financial liabilities:
Long-term debt		792,481		804,380		168,000		178,080
Term loan		—		—		2,500		2,500
Acquisition-related contingent considerations		508		508		—		—

The following table represents the change in acquisition-related contingent consideration liabilities during the period from the Merger Date to September 30, 2014:


Balance as of Merger Date	$	508
Amortization of present value discount(1)		19
Fair value adjustment for change in consideration expected to be paid(2)		(19	)
Settlements		—


Balance as of September 30, 2014	$	508

(1): Changes in present value are included as a component of interest expense in the consolidated statement of operations.
(2): Fair value adjustments for changes in earn-out estimates are recorded as a component of general and administrative expense in the consolidated statement of operations.

Stock-Based Compensation

Earnings per Share

Segment Reporting

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

Reclassifications

Reclassifications

Organization, Basis of Presentation and Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2014

Organization, Basis of Presentation and Significant Accounting Policies

Schedule of estimated fair values of the Company's financial instruments

The estimated fair values of the Company's financial instruments are as follows (amounts in thousands):

	September 30, 2014				December 31, 2013

	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets:
Cash and cash equivalents	$	91,129	$	91,129	$	29,813	$	29,813
Restricted cash		6,548		6,548		5,305		5,305
Advance to Silver Legacy Joint Venture		—		4,567		—		4,004
Financial liabilities:
Long-term debt		792,481		804,380		168,000		178,080
Term loan		—		—		2,500		2,500
Acquisition-related contingent considerations		508		508		—		—

Schedule of change in acquisition-related contingent consideration liabilities


Balance as of Merger Date	$	508
Amortization of present value discount(1)		19
Fair value adjustment for change in consideration expected to be paid(2)		(19	)
Settlements		—


Balance as of September 30, 2014	$	508

(1): Changes in present value are included as a component of interest expense in the consolidated statement of operations.
(2): Fair value adjustments for changes in earn-out estimates are recorded as a component of general and administrative expense in the consolidated statement of operations.

Acquisition and Preliminary Purchase Accounting (Tables)

9 Months Ended

Sep. 30, 2014

Acquisition and Preliminary Purchase Accounting

Schedule of calculation of the purchase price, which was calculated using the fair value of the outstanding common stock of MTR Gaming based on closing stock price and reconciliation of the total shares outstanding on the Merger Date


*ERI Outstanding Share Calculation*
Shares issued to Resorts(i)		23,311,492
Number of MTR Gaming shares outstanding on the Merger Date(ii)		28,386,084
MTR Gaming RSUs that vested upon closing of the Merger(iii)		499,179


Total ERI shares outstanding—before share repurchase		52,196,755
MTR Gaming shares acquired at $6.05 per share based on $35.0 million cash election(iv)		(5,785,123	)


Total ERI shares outstanding at Merger Date		46,411,632
Resorts % ownership		50.23	%
MTR Gaming % ownership		49.77	%
*Consideration Transferred (dollars in thousands, except stock price)*
Number of MTR Gaming shares outstanding at the Merger Date		28,386,084
MTR Gaming RSUs that vested upon closing of the Merger		499,179
MTR Gaming shares acquired at $6.05 per share based on $35.0 million cash election		(5,785,123	)


Total net MTR Gaming shares		23,100,140
FMV of MTR Gaming common stock at Merger Date	$	4.43


Fair value of MTR Gaming shares	$	102,334
Fair value of MTR Gaming stock options		677


Total consideration transferred	$	103,011

(i): The number of shares issued to members of Resorts in the Merger as merger consideration as determined pursuant to the terms of the Merger Agreement.
(ii): Number of shares of MTR common stock issued and outstanding immediately prior to closing.
(iii): Pursuant to the MTR 2010 Long-Term Incentive Plan, immediately prior to closing, all outstanding stock options and MTR RSUs vested and became immediately exercisable. All vested MTR RSUs were exchanged for one share of ERI common stock. All outstanding stock options became exercisable for shares of ERI common stock with the same terms as the previous awards.
(iv): Total cash election includes $30.0 million paid by MTR Gaming and $5.0 million paid by HoldCo on the Merger Date.

Summary of the preliminary estimated fair values of the assets acquired and liabilities assumed at the Merger Date

At September 19, 2014
(in thousands)


Current assets	$	74,873
Property and equipment		270,172
Goodwill		104,734
Intangible assets(1)		436,600
Other noncurrent assets		20,381


Total assets		906,760
Current liabilities		45,316
Long term debt(2)		624,877
Deferred income taxes(3)		128,545
Other noncurrent liabilities		5,011


Total liabilities assumed		803,749


Net assets acquired	$	103,011

(1): Intangible assets consist of gaming licenses, trade names, and customer loyalty programs.
(2): Long term debt was comprised of MTR Second Lien Notes totaling $570.7 million.
(3): Deferred tax liabilities were derived based on fair value adjustments for property and equipment, identified intangibles, deferred financing costs, certain long term liabilities and long term debt.

Schedule of unaudited pro forma financial results

	Three Months Ended September 30,					Nine Months Ended September 30,

	2014			2013		2014		2013
	(in thousands, except per share amounts)
Revenues	$	191,098		$	192,494	$	549,605	$	574,605
Net (loss) income		(1,889	)		2,627		1,950		9,247
Net (loss) income per common share
Basic	$	(0.04	)	$	0.06	$	0.04	$	0.20
Diluted	$	(0.04	)	$	0.06	$	0.04	$	0.20
Weighted shares outstanding
Basic		46,411,632			46,411,632		46,411,632		46,411,632
Diluted		46,493,926			46,493,926		46,493,926		46,493,926

Investment in Unconsolidated Affiliates (Tables)

9 Months Ended

Sep. 30, 2014

Silver Legacy Joint Venture

Investment in Unconsolidated Affiliates

Summary of information for the Company's equity investment

	September 30, 2014			December 31, 2013

	(unaudited)
Beginning balance	$	13,081		$	(2,198	)
Equity in income of unconsolidated affiliate		2,299			2,261
Gain on early extinguishment of debt of unconsolidated affiliate		—			11,980
Other comprehensive income—minimum pension liability adjustment of unconsolidated affiliate		(166	)		1,772
Member's distribution		—			(734	)


Ending balance	$	15,214		$	13,081

Summary of balance sheet information

Summarized balance sheet information for the Silver Legacy Joint Venture is as follows (in thousands):

	September 30, 2014		December 31, 2013

	(unaudited)
Current assets	$	37,243	$	29,565
Property and equipment, net		192,230		198,150
Other assets, net		6,898		8,201


Total assets	$	236,371	$	235,916




Current liabilities	$	26,571	$	27,475
Long-term liabilities		89,634		92,541
Partners' equity		120,166		115,900


Total liabilities and partners' equity	$	236,371	$	235,916

Summary of unaudited results of operations

Summarized unaudited results of operations for the Silver Legacy Joint Venture are as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,

	2014			2013			2014			2013
Net revenues	$	34,447		$	34,979		$	97,540		$	96,683
Operating expenses		(29,645	)		(29,076	)		(84,667	)		(84,833	)


Operating income		4,802			5,903			12,873			11,850
Other expense		(2,778	)		(2,063	)		(8,273	)		(6,213	)
Reorganization items		—			(84	)		—			(407	)


Net income	$	2,024		$	3,756		$	4,600		$	5,230

Tamarack

Investment in Unconsolidated Affiliates

Summary of information for the Company's equity investment

Summarized information for Resort's equity in Tamarack for 2014 prior to its distribution and the year ended December 31, 2013 is as follows (in thousands):

	September 30, 2014			December 31, 2013

	(unaudited)
Beginning balance	$	5,268		$	5,066
Member's distribution		(509	)		(892	)
Equity in net income of unconsolidated affiliate		720			1,094
Liquidation of investment		(5,479	)		—


Ending balance	$	—		$	5,268

Summary of balance sheet information

Summarized balance sheet information for Tamarack at December 31, 2013 is as follows (in thousands):


Current assets	$	6,165
Property and equipment, net		22,065
Other assets		19


Total assets	$	28,249




Current liabilities	$	2,020
Notes payable and capital lease obligations		1,443
Partners' equity		24,786


Total liabilities and partners' equity	$	28,249

Summary of unaudited results of operations

Summarized unaudited results of operations for Tamarack is as follows (in thousands):

	Period from July 1, 2014 through August 31, 2014			Three Months Ended September 30, 2013			Period from January 1, 2014 through August 31, 2014			Nine Months Ended September 30, 2013

Net revenues	$	3,549		$	4,937		$	12,908		$	14,372
Operating expenses		(2,470	)		(3,590	)		(9,431	)		(10,351	)


Operating income		1,079			1,347			3,477			4,021
Interest expense		(10	)		(22	)		(45	)		(78	)


Net income	$	1,069		$	1,325		$	3,432		$	3,943

Other and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2014

Other and Intangible Assets

Schedule of other and intangible assets, net

Other and intangible assets, net, include the following amounts (in thousands):

	September 30, 2014			December 31, 2013

Goodwill	$	104,734		$	—
Gaming licenses (indefinite-lived)		445,474			20,574
Trade names		6,600			—
Customer loyalty programs		5,100			—


		561,908			20,574
Accumulated amortization trade names		(47	)		—
Accumulated amortization loyalty programs		(182	)		—


Total goodwill and other intangible assets	$	561,679		$	20,574




Land held for development	$	906		$	906
Bond offering costs, 8.625% Resorts Senior Secured Notes		6,851			6,851
Other		4,825			957


		12,582			8,714
Accumulated amortization bond costs		(2,866	)		(2,226	)


Total Other Assets, net	$	9,716		$	6,488

Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2014

Long-term debt

Summary of long-term debt obligations

Long-term debt consists of the following (in thousands):

	September 30, 2014		December 31, 2013

8.625% Resorts Senior Secured Notes	$	168,000	$	168,000
Term Loan under Secured Credit Facility		—		2,500
11.5% MTR Second Lien Notes		570,664		—
Unamortized premium		53,817		—


Total 11.5% MTR Second Lien Notes		624,481		—


		792,481		170,500
Less—Current portion		—		2,500


	$	792,481	$	168,000

Resorts

Long-term debt

Schedule of redemption prices of notes

Year beginning June 15,

2015	104.313	%
2016	102.156	%
2017 and thereafter	100.000	%

MTR Gaming

Long-term debt

Schedule of redemption prices of notes

Year beginning August 1,

2015	106.000	%
2016	103.000	%
2017 and thereafter	100.000	%

Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2014

Earnings per Share

Schedule of reconciliation of the numerators and denominators of the basic and diluted net income per share computations

	Three Months Ended September 30, 2014			Three Months Ended September 30, 2013		Nine Months Ended September 30, 2014			Nine Months Ended September 30, 2013

	(dollars in thousands, except per share amounts)
Net (loss) income	$	(4,064	)	$	3,184	$	(3,488	)	$	11,819




Shares outstanding:
Weighted average shares		26,075,022			23,311,492		24,242,791			23,311,492
Effect of dilutive securities		—			—		—			—


Diluted shares outstanding		26,075,022			23,311,492		24,242,791			23,311,492




Net (loss) income per common share:
Basic	$	(0.16	)	$	0.14	$	(0.14	)	$	0.51




Diluted	$	(0.16	)	$	0.14	$	(0.14	)	$	0.51

Segment Information (Tables)

9 Months Ended

Sep. 30, 2014

Segment Information

Schedule of operating data for reportable segments

	Three Months Ended September 30,						Nine Months Ended September 30,

	2014			2013			2014			2013
	(in thousands)
Revenues and expenses
Eldorado Reno
Net operating revenues(a)	$	28,759		$	30,571		$	81,545		$	84,534
Expenses, excluding depreciation		(25,321	)		(25,930	)		(72,585	)		(72,866	)
Loss on sale or disposition of property		—			—			—			(6	)
Acquisition charges		(3,845	)		(1,416	)		(6,298	)		(1,416	)
Equity in net income of unconsolidated affiliate		1,238			2,160			3,019			3,425
Depreciation		(1,941	)		(2,058	)		(5,933	)		(6,297	)


Operating (loss) income—Eldorado Reno	$	(1,110	)	$	3,327		$	(252	)	$	7,374




Eldorado Shreveport
Net operating revenues	$	34,629		$	33,810		$	102,122		$	109,354
Expenses, excluding depreciation and amortization(a)		(28,647	)		(27,806	)		(84,389	)		(86,416	)
(Loss) gain on sale or disposition of property		(3	)		—			(3	)		8
Depreciation and amortization		(2,053	)		(2,239	)		(6,335	)		(6,703	)


Operating income—Eldorado Shreveport	$	3,926		$	3,765		$	11,395		$	16,243




MTR Gaming
Net operating revenues	$	16,311		$	—		$	16,311		$	—
Expenses, excluding depreciation and amortization		(14,442	)		—			(14,442	)		—
Acquisition charges		(618	)		—			(618	)		—
Depreciation and amortization		(1,289	)		—			(1,289	)		—


Operating (loss)—MTR Gaming	$	(38	)	$	—		$	(38	)	$	—




Total Reportable Segments
Net operating revenues(a)	$	79,699		$	64,381		$	199,978		$	193,888
Expenses, excluding depreciation and amortization(a)		(68,410	)		(53,736	)		(171,416	)		(159,282	)
(Loss) gain on sale or disposition of property		(3	)		—			(3	)		2
Acquisition charges		(4,463	)		(1,416	)		(6,916	)		(1,416	)
Equity in net income of unconsolidated affiliate		1,238			2,160			3,019			3,425
Depreciation and amortization		(5,283	)		(4,297	)		(13,557	)		(13,000	)


Operating income—Total Reportable Segments	$	2,778		$	7,092		$	11,105		$	23,617




Reconciliations to Consolidated Net Income
Operating Income—Total Reportable Segments	$	2,778		$	7,092		$	11,105		$	23,617
Unallocated income and expenses:
Interest income		5			4			13			12
Interest expense		(5,652	)		(3,912	)		(13,411	)		(11,810	)
Provision for income taxes		(1,195	)		—			(1,195	)		—


Net (loss) income	$	(4,064	)	$	3,184		$	(3,488	)	$	11,819

(a): Before the elimination of $0.8 million for each of the three month periods ended September 30, 2014 and 2013 and $2.2 million for each of the nine month periods ended September 30, 2014 and 2013 for management fees to Eldorado Reno and expense to Eldorado Shreveport.

	Nine Months Ended September 30,

	2014		2013
	(in thousands)
Capital Expenditures
Eldorado Reno	$	2,404	$	1,805
Eldorado Shreveport		1,824		3,612
MTR Gaming		337		—


Total	$	4,565	$	3,624

	As of September 30, 2014			As of December 31, 2013

	(in thousands)
Total Assets
Eldorado Reno	$	246,665		$	252,066
Eldorado Shreveport		147,320			150,766
MTR Gaming		909,853			—
Eliminating entries(a)		(134,455	)		(132,650	)


Total	$	1,169,383		$	270,182

(a): Reflects the following eliminations for the periods indicated:



Proceeds from Resorts Senior Secured Notes loaned to Eldorado Shreveport	$	116,308	$	118,038
Accrued interest on the above intercompany loan		2,926		418
Intercompany receivables/payables		232		91
Net investment in and advances to MTR Gaming		5,000		—
Benefit for tax provision		2,962
Net investment in and advances to Eldorado Shreveport		7,027		14,103


	$	134,455	$	132,650

Organization, Basis of Presentation and Significant Accounting Policies (Details) $ in Millions		9 Months Ended
	Sep. 01, 2014 USD ($)	Sep. 30, 2014 item	Aug. 31, 2014
Galleon \| Silver Legacy Joint Venture
Organization and Basis of Presentation
Ownership interest (as a percent)		50.00%
Resorts \| Silver Legacy Joint Venture
Organization and Basis of Presentation
Ownership interest (as a percent)		48.10%
Resorts \| Silver Legacy Joint Venture \| Retained Interest Agreement
Organization and Basis of Presentation
Ownership percentage allowed to be acquired		1.90%
Resorts \| Tamarack
Organization and Basis of Presentation
Ownership interest (as a percent)			21.30%
Gain (loss) on distribution of interest in equity method investment \| $	$ 0.0
Eldorado Casino Shreveport Joint Venture
Organization and Basis of Presentation
Number of rooms in suite art deco-style hotel \| item		403

Organization, Basis of Presentation and Significant Accounting Policies (Details 2) - USD ($) $ in Thousands	Sep. 30, 2014	Dec. 31, 2013
Significant Accounting Policies
Collateral deposits	$ 5,000	$ 5,000
ELLC \| Silver Legacy Joint Venture
Significant Accounting Policies
Collateral deposits	5,000
Galleon \| Silver Legacy Joint Venture
Significant Accounting Policies
Collateral deposits	$ 5,000

Organization, Basis of Presentation and Significant Accounting Policies (Details 3) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 18, 2014	Aug. 31, 2014	Dec. 31, 2013
Investment in Unconsolidated Affiliates
Impairment charge	$ 0.0	$ 0.0
Self-Insurance Reserves
Accrued insurance and medical claims reserves	1.2				$ 1.3
Frequent Players Program
Aggregate outstanding liability for the frequent players program	$ 2.2				$ 0.1
ELLC
Investment in Unconsolidated Affiliates
Ownership interest (as a percent)			50.00%
Resorts \| Tamarack
Investment in Unconsolidated Affiliates
Ownership interest (as a percent)				21.30%

Organization, Basis of Presentation and Significant Accounting Policies (Details 4) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2013	Nov. 16, 2012	Aug. 01, 2011	Jun. 01, 2011
Fair Value of Financial Instruments
Notes receivable	$ 15,214			$ 18,349
Reclassifications
Reduction in other accrued liabilities				7,000
Accrued gaming taxes and assessments	(12,799)			(2,447)
Accrued payroll and related	(10,267)			(4,568)
Entertainment revenues reclassified from food, beverage and entertainment revenues		$ 1,000	$ 2,500
Entertainment expenses reclassified from other expenses		700	1,800
Marketing and promotions costs reclassified to a separate line items from casino expenses		4,100	11,400
Marketing and promotions costs reclassified to a separate line items from general and administrative expenses		600	1,700
Valet related expenses reclassified to other expenses from general and administrative expenses		$ 200	$ 700
Acquisition-Related Contingent Considerations
Change in acquisition-related contingent consideration liabilities
Amortization of present value discount	19
Fair value adjustment for change in consideration expected to be paid	(19)
Balance at the end of the period	508
Carrying Amount
Financial assets:
Cash and cash equivalents	91,129			29,813
Restricted cash	6,548			5,305
Financial liabilities:
Long-term debt	792,481			168,000
Term loan				2,500
Acquisition-related contingent considerations	508
Fair Value
Financial assets:
Cash and cash equivalents	91,129			29,813
Restricted cash	6,548			5,305
Advance to Silver Legacy Joint Venture	4,567			4,004
Financial liabilities:
Long-term debt	804,380			178,080
Term loan				$ 2,500
Acquisition-related contingent considerations	$ 508
ELLC \| Silver Legacy Joint Venture
Fair Value of Financial Instruments
Notes receivable					$ 7,500
8.625% Senior Secured Notes \| Resorts
Fair Value of Financial Instruments
Interest rate (as a percent)	8.625%			8.625%			8.625%
11.5% Senior Secured Second Lien Notes \| MTR Gaming
Fair Value of Financial Instruments
Interest rate (as a percent)	11.50%			11.50%		11.50%
Level 2 \| ELLC \| Silver Legacy Joint Venture
Fair Value of Financial Instruments
Notes receivable	$ 7,500
Level 2 \| 8.625% Senior Secured Notes \| Resorts
Fair Value of Financial Instruments
Interest rate (as a percent)	8.625%
Level 2 \| 11.5% Senior Secured Second Lien Notes \| MTR Gaming
Fair Value of Financial Instruments
Interest rate (as a percent)	11.50%

Acquisition and Preliminary Purchase Accounting (Details) - USD ($) $ / shares in Units, $ in Thousands		9 Months Ended
	Sep. 19, 2014	Sep. 30, 2014
Consideration Transferred
Amounts paid for cash election		$ 30,000
Estimated fair values of the assets acquired and liabilities assumed
Goodwill		104,734
Former members of HoldCo
Acquisition and purchase accounting
Ownership interest held by former members of subsidiary (as a percent)	50.00%
MTR Gaming
Acquisition and purchase accounting
Total consideration paid	$ 103,011
Outstanding Share Calculation
Total shares outstanding-before share repurchase	52,196,755
Number of shares acquired at $6.05 per share based on $35.0 million cash election	(5,785,123)
Share price (in dollars per share)	$ 6.05
Amount of cash election	$ 35,000
Total ERI shares outstanding at Merger Date	46,411,632
Consideration Transferred
MTR Gaming shares acquired at $6.05 per share based on $35.0 million cash election	$ (5,785,123)
Fair value of shares	102,334
Fair value of stock options	$ 677
Number of ERI's shares to be received for each outstanding share or vested RSUs of the acquiree's	1
Price of newly issued common stock in the Company	$ 6.05
Maximum period for changing purchase price allocation if estimated fair value of net assets changed prior to finalization from acquisition date	1 year
Estimated fair values of the assets acquired and liabilities assumed
Current assets	$ 74,873
Property and equipment	270,172
Goodwill	104,734
Intangible assets	436,600
Other noncurrent assets	20,381
Total assets	906,760
Current liabilities	45,316
Long-term debt	624,877
Deferred income taxes	128,545
Other noncurrent liabilities	5,011
Total liabilities assumed	803,749
Net assets acquired	103,011
Goodwill expected to be deductible for tax purposes	$ 0
MTR Gaming \| MTR Gaming stockholders
Outstanding Share Calculation
Shares issued (in shares)	23,100,140
MTR Gaming \| Members of Resorts
Outstanding Share Calculation
Shares issued (in shares)	23,311,492
Resorts
Outstanding Share Calculation
Ownership interest in combined entity (as a percent)	5023.00%
Consideration Transferred
Amounts paid for cash election	$ 5,000
MTR Gaming
Outstanding Share Calculation
Number of shares outstanding on the Merger Date	28,386,084
Ownership interest in combined entity (as a percent)	4977.00%
Consideration Transferred
Number of MTR Gaming shares outstanding at the Merger Date	$ 28,386,084
Total net MTR Gaming shares	$ 23,100,140
FMV of Common stock (in dollars per share)	$ 4.43
Amounts paid for cash election	$ 30,000
MTR Gaming \| Senior Secured Second Lien Notes
Estimated fair values of the assets acquired and liabilities assumed
Long-term debt, gross	$ 570,700	$ 570,664
MTR Gaming \| RSU's
Outstanding Share Calculation
RSUs that vested upon closing of the Merger (in shares)	499,179
Consideration Transferred
MTR Gaming RSUs that vested upon closing of the Merger	$ 499,179

Acquisition and Preliminary Purchase Accounting (Details 2)	Sep. 19, 2014
Intangible Assets
Weighted-Average Useful Life	3 years
Trade name
Intangible Assets
Weighted-Average Useful Life	5 years
Customer loyalty programs
Intangible Assets
Weighted-Average Useful Life	1 year

Acquisition and Preliminary Purchase Accounting (Details 3) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Pro forma financial information
Revenues	$ 191,098	$ 192,494	$ 549,605	$ 574,605
Net (loss) income	$ (1,889)	$ 2,627	$ 1,950	$ (9,247)
Net (loss) income per common share
Basic (in dollars per share)	$ (0.04)	$ 0.06	$ 0.04	$ 0.20
Diluted (in dollars per share)	$ (0.04)	$ 0.06	$ 0.04	$ 0.20
Weighted shares outstanding
Basic (in shares)	46,411,632	46,411,632	46,411,632	46,411,632
Diluted (in shares)	46,493,926	46,493,926	46,493,926	46,493,926

Investment in Unconsolidated Affiliates (Details) $ in Thousands					2 Months Ended	3 Months Ended		8 Months Ended	9 Months Ended		12 Months Ended
	Sep. 18, 2014	Sep. 01, 2014 USD ($)	Aug. 31, 2014 item	Dec. 16, 2013 USD ($)	Aug. 31, 2014 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2013 USD ($)	Aug. 31, 2014 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2013 USD ($)	Dec. 31, 2013 USD ($)	Nov. 16, 2012 USD ($)
Investment in Unconsolidated Affiliates
Notes receivable						$ 15,214			$ 15,214		$ 18,349
Summary of company's equity investment
Equity in income of unconsolidated affiliate						1,238	$ 2,160		3,019	$ 3,425
Other comprehensive income - minimum pension liability adjustment of unconsolidated affiliate						(55)			(166)
Member's distribution									(509)	(1,222)
Silver Legacy Joint Venture
Summary of company's equity investment
Beginning balance								$ 13,081	13,081	(2,198)	(2,198)
Equity in income of unconsolidated affiliate						1,000	1,900		2,299	2,600	2,261
Gain on early extinguishment of debt of unconsolidated affiliate											11,980
Other comprehensive income - minimum pension liability adjustment of unconsolidated affiliate									(166)		1,772
Member's distribution											(734)
Ending balance						15,214			15,214		13,081
Balance sheet information
Current assets						37,243			37,243		29,565
Property and equipment, net						192,230			192,230		198,150
Other assets, net						6,898			6,898		8,201
Total assets						236,371			236,371		235,916
Current liabilities						26,571			26,571		27,475
Long-term liabilities						89,634			89,634		92,541
Partners' equity						120,166			120,166		115,900
Total liabilities and partners' equity						236,371			236,371		235,916
Unaudited results of operations
Net revenues						34,447	34,979		97,540	96,683
Operating expenses						(29,645)	(29,076)		(84,667)	(84,833)
Operating income						4,802	5,903		12,873	11,850
Other expense						(2,778)	(2,063)		(8,273)	(6,213)
Reorganization items							(84)			(407)
Net income						$ 2,024	3,756		4,600	5,230
Tamarack
Summary of company's equity investment
Beginning balance								5,268	5,268	5,066	5,066
Equity in income of unconsolidated affiliate									720		1,094
Member's distribution									(509)		(892)
Liquidation of investment									$ (5,479)
Ending balance											5,268
Balance sheet information
Current assets											6,165
Property and equipment, net											22,065
Other assets, net											19
Total assets											28,249
Current liabilities											2,020
Notes payable and capital lease obligations											1,443
Partners' equity											24,786
Total liabilities and partners' equity											28,249
Unaudited results of operations
Net revenues					$ 3,549		4,937	12,908		14,372
Operating expenses					(2,470)		(3,590)	(9,431)		(10,351)
Operating income					1,079		1,347	3,477		4,021
Interest expense					10		22	45		78
Net income					$ 1,069		1,325	$ 3,432		3,943
ELLC
Investment in Unconsolidated Affiliates
Ownership interest (as a percent)	50.00%
ELLC \| Silver Legacy Joint Venture
Investment in Unconsolidated Affiliates
Ownership interest (as a percent)						50.00%			50.00%
Notes receivable												$ 7,500
Collateral deposits						$ 5,000			$ 5,000		5,000	$ 5,000
Interest rate on note receivable												5.00%
Galleon \| Silver Legacy Joint Venture
Investment in Unconsolidated Affiliates
Ownership interest (as a percent)						50.00%			50.00%
Notes receivable												$ 7,500
Collateral deposits												$ 5,000
Silver Legacy Joint Venture \| New Silver Legacy Credit Facility
Investment in Unconsolidated Affiliates
Principal amount				$ 90,500
Silver Legacy Joint Venture \| First-out tranche term loan
Investment in Unconsolidated Affiliates
Principal amount				60,500
Silver Legacy Joint Venture \| Last-out tranche term loan
Investment in Unconsolidated Affiliates
Principal amount				30,000
Silver Legacy Joint Venture \| Silver Legacy Credit Facility and Silver Legacy Second Lien Notes
Investment in Unconsolidated Affiliates
Operating cash flows used to repay debt				7,000
Fees and expenses associated with debt				2,000
Silver Legacy Joint Venture \| Silver Legacy Credit Facility
Investment in Unconsolidated Affiliates
Debt repaid				63,800
Silver Legacy Joint Venture \| Silver Legacy Second Lien Notes
Investment in Unconsolidated Affiliates
Debt repaid				$ 31,700
Resorts \| Silver Legacy Joint Venture
Investment in Unconsolidated Affiliates
Ownership interest (as a percent)						48.10%			48.10%
Equity Ownership percentage	48.10%
Resorts \| Tamarack
Investment in Unconsolidated Affiliates
Ownership interest (as a percent)			21.30%		21.30%			21.30%
Summary of company's equity investment
Beginning balance								$ 5,300	$ 5,300
Equity in income of unconsolidated affiliate						$ 200	$ 300		$ 700	$ 800
Ending balance											$ 5,300
Unaudited results of operations
Gain (loss) on distribution of interest in equity method investment		$ 0
Carrying amount of equity method investment distributed		$ 5,500
Resorts \| Tamarack \| Carano
Investment in Unconsolidated Affiliates
Equity Ownership percentage			26.30%
Resorts \| ELLC
Investment in Unconsolidated Affiliates
Equity Ownership percentage	96.20%
Tamarack Junction
Unaudited results of operations
Number of members from parent company managing business and affairs \| item			4
Number of unaffiliated third parties managing business and affairs \| item			3

Other and Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Jun. 01, 2011
Intangible Assets
Goodwill	$ 104,734		$ 104,734
Total goodwill and other intangible assets, gross	561,908		561,908		$ 20,574
Total goodwill and other intangible assets	561,679		561,679		20,574
Land held for development	906		906		906
Other	4,825		4,825		957
Total Other Assets, gross	12,582		12,582		8,714
Accumulated amortization bond costs	(2,866)		(2,866)		(2,226)
Total Other Assets, net	9,716		9,716		6,488
Amortization expense of deferred financing costs	200	$ 200	600	$ 600
Deferred financing costs
Remainder of 2014	200		200
2015	900		900
2016	900		900
2017	900		900
2018	900		900
2019	400		400
Resorts \| Resorts Senior Secured Notes
Intangible Assets
Bond offering costs	$ 6,851		$ 6,851		$ 6,851
Interest rate (as a percent)	8.625%		8.625%		8.625%	8.625%
Trade names
Intangible Assets
Intangible assets, excluding goodwill- gross	$ 6,600		$ 6,600
Accumulated Amortization	(47)		(47)
Customer loyalty programs
Intangible Assets
Intangible assets, excluding goodwill- gross	5,100		5,100
Accumulated Amortization	(182)		(182)
Gaming licenses (Indefinite-lived)
Intangible Assets
Intangible assets, excluding goodwill- gross	445,474		445,474		$ 20,574
Gaming licenses (Indefinite-lived) \| Eldorado Casino Shreveport Joint Venture
Intangible Assets
Intangible assets, excluding goodwill	$ 20,600		$ 20,600		$ 20,600

Income Taxes (Details) $ in Thousands	3 Months Ended	9 Months Ended
Income Taxes (Details) $ in Thousands	Sep. 30, 2014 USD ($)	Sep. 30, 2014 USD ($)
Income Taxes
Income tax expense	$ 1,195	$ 1,195
Additional naked credit amortization	300	300
State and local income tax provision	900	900
Discrete income tax expense due to change in status	700
Unrecognized tax benefits	$ 0	$ 0

Long-Term Debt (Details) - USD ($) $ in Thousands	9 Months Ended
Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2014	Sep. 19, 2014	Dec. 31, 2013	Aug. 01, 2011	Jun. 01, 2011
Long-term debt
Long-term debt	$ 792,481		$ 170,500
Less-Current portion			2,500
Long-term debt, noncurrent	792,481		168,000
Scheduled maturities of long-term debt in 2019	738,700
Resorts \| Secured Credit Facility
Long-term debt
Maximum borrowing capacity					$ 30,000
Resorts \| 8.625% Senior Secured Notes
Long-term debt
Long-term debt	$ 168,000		$ 168,000
Interest rate (as a percent)	8.625%		8.625%		8.625%
Face amount of debt					$ 180,000
Resorts \| 8.625% Senior Secured Notes \| Prior to June 15, 2015
Long-term debt
Redemption period start date	Sep. 30, 2014
Redemption period end date	Jun. 14, 2015
Redemption price (as a percent)	100.00%
Resorts \| 8.625% Senior Secured Notes \| Year beginning June 15, 2015
Long-term debt
Redemption period start date	Jun. 15, 2015
Redemption period end date	Jun. 14, 2016
Redemption price (as a percent)	104.313%
Resorts \| 8.625% Senior Secured Notes \| Year beginning June 15, 2016
Long-term debt
Redemption period start date	Jun. 15, 2016
Redemption period end date	Jun. 14, 2017
Redemption price (as a percent)	102.156%
Resorts \| 8.625% Senior Secured Notes \| Year beginning June 15, 2017 and thereafter
Long-term debt
Redemption period start date	Jun. 15, 2017
Redemption period end date	Jun. 15, 2019
Redemption price (as a percent)	100.00%
Resorts \| Term Loan under Secured Credit Facility \| Secured Credit Facility
Long-term debt
Long-term debt			$ 2,500
Maximum borrowing capacity					15,000
Resorts \| Revolving Credit Facility under Secured Credit Facility \| Secured Credit Facility
Long-term debt
Maximum borrowing capacity					$ 15,000
MTR Gaming \| Secured Credit Facility
Long-term debt
Maximum borrowing capacity				$ 20,000
MTR Gaming \| 11.5% Senior Secured Second Lien Notes
Long-term debt
Long-term debt	$ 624,481
Long-term debt, gross	570,664	$ 570,700
Unamortized premium	$ 53,817
Interest rate (as a percent)	11.50%		11.50%	11.50%
Face amount of debt				$ 565,000

Long-Term Debt (Details 2) - MTR Gaming - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Aug. 01, 2011
Credit Facility
Debt instruments
Maximum borrowing capacity			$ 20.0
Amount outstanding	$ 0.0
Senior Secured Second Lien Notes
Debt instruments
Debt issued			$ 565.0
Interest rate (as a percent)	11.50%	11.50%	11.50%
Issue price as percentage of principal amount			97.00%
Consolidated total debt ratio	4.0
Senior Secured Second Lien Notes \| Prior to August 1, 2015
Debt instruments
Redemption period start date	Sep. 30, 2014
Redemption period end date	Jul. 31, 2015
Redemption price (as a percent)	100.00%
Senior Secured Second Lien Notes \| Year beginning August 1, 2015
Debt instruments
Redemption period start date	Aug. 01, 2015
Redemption period end date	Jul. 31, 2016
Redemption price (as a percent)	106.00%
Senior Secured Second Lien Notes \| Year beginning August 1, 2016
Debt instruments
Redemption period start date	Aug. 01, 2016
Redemption period end date	Jul. 31, 2017
Redemption price (as a percent)	103.00%
Senior Secured Second Lien Notes \| Year beginning August 1, 2017 and thereafter
Debt instruments
Redemption period start date	Aug. 01, 2017
Redemption period end date	Aug. 01, 2019
Redemption price (as a percent)	100.00%

Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings per Share
Net (loss) income	$ (4,064)	$ 3,184	$ (3,488)	$ 11,819
Shares outstanding:
Weighted average shares outstanding	26,075,022	23,311,492	24,242,791	23,311,492
Diluted shares outstanding	26,075,022	23,311,492	24,242,791	23,311,492
Basic (in dollars per share)	$ (0.16)	$ 0.14	$ (0.14)	$ 0.51
Diluted (in dollars per share)	$ (0.16)	$ 0.14	$ (0.14)	$ 0.51

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Commitments and Contingencies (Details)	1 Months Ended			9 Months Ended
Commitments and Contingencies (Details)	Aug. 31, 2013 USD ($)	Oct. 31, 2005 USD ($) a	Oct. 31, 2004 a	Sep. 30, 2014 USD ($) item
Contingency fee basis arrangement
Commitment and contingencies
Payment sought by the advisory group	$ 890,000
Amounts of loss contingency recovered under the terms of the agreement	$ 0
MTR Gaming
Commitment and contingencies
Number of class action lawsuits filed \| item				3
Area of real property acquired (in acres) \| a			229
Area of real property sold (in acres) \| a		205
Amount of Environmental Risk Insurance Policy purchased		$ 10,000,000
Estimated total obligation for assessments				$ 5,100,000
Obligations paid				300,000
MTR Gaming \| Initial funding by Pennsylvania General Fund
Commitment and contingencies
Estimated total proportionate share of assessment upon gaming facilities				2,200,000
MTR Gaming \| Additional funding by Pennsylvania Property Tax Relief Reserve Fund
Commitment and contingencies
Estimated total proportionate share of assessment upon gaming facilities				$ 4,200,000
Period for quarterly payments of proportionate share of funding for assessments				10 years
Scioto Downs
Commitment and contingencies
Number of racetracks in Ohio \| item				7
The borrowers
Commitment and contingencies
Borrowings to fund initial development of gaming				$ 99,900,000
The borrowers \| Initial funding by Pennsylvania General Fund
Commitment and contingencies
Borrowings to fund initial development of gaming				$ 36,100,000
Number of licensees operational after which repayment of borrowing from General Fund would commence \| item				14
The borrowers \| Additional funding by Pennsylvania Property Tax Relief Reserve Fund
Commitment and contingencies
Borrowings to fund initial development of gaming				$ 63,800,000

Related Parties (Details) - USD ($) $ in Millions		1 Months Ended	3 Months Ended		9 Months Ended
Related Parties (Details) - USD ($) $ in Millions	Sep. 18, 2014	Sep. 30, 2011	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Related parties
Receivables from related parties			$ 0.2		$ 0.2		$ 0.4
Payable to related parties			0.2		0.2		$ 0.2
Management agreement
Related parties
Maximum management fee payment allowed		$ 0.6
REI and HCM \| Management agreement
Related parties
Payment for Management Fee			$ 0.2	$ 0.2
REI and HCM \| Management agreement \| Resorts
Related parties
Payment for Management Fee					$ 0.5	$ 0.5
REI \| HoldCo
Related parties
Ownership interest (as a percent)	47.00%
HCM \| HoldCo
Related parties
Ownership interest (as a percent)	25.00%

Segment Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
Segment Information (Details) $ in Thousands	Sep. 30, 2014 USD ($)	Sep. 30, 2013 USD ($)	Sep. 30, 2014 USD ($) item	Sep. 30, 2013 USD ($)	Dec. 31, 2013 USD ($)
Segment Information
Number of geographic regions \| item			3
Number of reportable segments \| item			3
Revenues and expenses
Net operating revenues	$ 78,949	$ 63,631	$ 197,728	$ 191,638
Loss on sale or disposition of property	(3)		(3)	2
Acquisition charges	(4,463)	(1,416)	(6,916)	(1,416)
Equity in net income of unconsolidated affiliate	1,238	2,160	3,019	3,425
Depreciation and amortization	(5,283)	(4,297)	(13,557)	(13,000)
Operating income	2,778	7,092	11,105	23,617
Reconciliations to Consolidated Net Income
Operating Income	2,778	7,092	11,105	23,617
Unallocated income and expenses:
Interest income	5	4	13	12
Interest expense	(5,652)	(3,912)	(13,411)	(11,810)
Provision for income taxes	(1,195)		(1,195)
Net (Loss) Income	(4,064)	3,184	(3,488)	11,819
Capital Expenditures			4,565	3,624
Total Assets	1,169,383		1,169,383		$ 270,182
Eliminations for the period
Net investment in and advances to other segment	15,214		15,214		18,349
Eldorado Reno
Unallocated income and expenses:
Capital Expenditures			2,404	1,805
Total Assets	246,665		246,665		252,066
Eldorado Shreveport
Unallocated income and expenses:
Capital Expenditures			1,824	3,612
Total Assets	147,320		147,320		150,766
MTR Gaming
Unallocated income and expenses:
Capital Expenditures			337
Total Assets	909,853		909,853
Operating segment
Revenues and expenses
Net operating revenues	79,699	64,381	199,978	193,888
Expenses, excluding depreciation and amortization	(68,410)	(53,736)	(171,416)	(159,282)
Loss on sale or disposition of property	(3)		(3)	2
Acquisition charges	(4,463)	(1,416)	(6,916)	(1,416)
Equity in net income of unconsolidated affiliate	1,238	2,160	3,019	3,425
Depreciation and amortization	(5,283)	(4,297)	(13,557)	(13,000)
Operating income	2,778	7,092	11,105	23,617
Reconciliations to Consolidated Net Income
Operating Income	2,778	7,092	11,105	23,617
Operating segment \| Eldorado Reno
Revenues and expenses
Net operating revenues	28,759	30,571	81,545	84,534
Expenses, excluding depreciation and amortization	(25,321)	(25,930)	(72,585)	(72,866)
Loss on sale or disposition of property				(6)
Acquisition charges	(3,845)	(1,416)	(6,298)	(1,416)
Equity in net income of unconsolidated affiliate	1,238	2,160	3,019	3,425
Depreciation and amortization	(1,941)	(2,058)	(5,933)	(6,297)
Operating income	(1,110)	3,327	(252)	7,374
Reconciliations to Consolidated Net Income
Operating Income	(1,110)	3,327	(252)	7,374
Operating segment \| Eldorado Shreveport
Revenues and expenses
Net operating revenues	34,629	33,810	102,122	109,354
Expenses, excluding depreciation and amortization	(28,647)	(27,806)	(84,389)	(86,416)
Loss on sale or disposition of property	(3)		(3)	8
Depreciation and amortization	(2,053)	(2,239)	(6,335)	(6,703)
Operating income	3,926	3,765	11,395	16,243
Reconciliations to Consolidated Net Income
Operating Income	3,926	3,765	11,395	16,243
Operating segment \| MTR Gaming
Revenues and expenses
Net operating revenues	16,311		16,311
Expenses, excluding depreciation and amortization	(14,442)		(14,442)
Acquisition charges	(618)		(618)
Depreciation and amortization	(1,289)		(1,289)
Operating income	(38)		(38)
Reconciliations to Consolidated Net Income
Operating Income	(38)		(38)
Eliminating entries
Unallocated income and expenses:
Total Assets	(134,455)		(134,455)		(132,650)
Eliminations for the period
Proceeds from Resorts Senior Secured Notes loaned to Eldorado Shreveport	116,308		116,308		118,038
Accrued interest on the above intercompany loan	2,926		2,926		418
Intercompany receivables/payables	232		232		91
Benefit for tax provision	2,962		2,962
Eliminating entries \| Eldorado Reno
Unallocated income and expenses:
Management fees included in net operating revenue	800	800	2,200	2,200
Eliminating entries \| Eldorado Shreveport
Unallocated income and expenses:
Management fees cost	800	$ 800	2,200	$ 2,200
Eliminations for the period
Net investment in and advances to other segment	7,027		7,027		$ 14,103
Eliminating entries \| MTR Gaming
Eliminations for the period
Net investment in and advances to other segment	$ 5,000		$ 5,000

Subsequent Events (Details) - Subsequent Event - 11.25% Senior Secured Second Lien Notes - MTR Gaming $ / shares in Units, $ in Millions	1 Months Ended
	Oct. 31, 2014 USD ($) $ / shares
Subsequent Events
Aggregate principal amount repurchased \| $	$ 10.0
Interest rate (as a percent)	11.25%
Repurchase price (in dollars per share) \| $ / shares	$ 1.1025

Label	Element	Value
Acquisition Related Contingent Consideration [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	$ 508,000