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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2015	Oct. 29, 2015
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, 2015
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		46,444,694
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 48,751	$ 87,604
Restricted cash	1,640	5,734
Escrow cash	55,460
Accounts receivable, net	9,146	7,112
Due from unconsolidated affiliates	419	362
Inventories	7,165	7,234
Prepaid expenses and other	9,757	9,447
Total current assets	132,338	117,493
Restricted cash		2,500
Investment in and advances to unconsolidated affiliates	17,145	14,009
Property and equipment, net	442,221	456,139
Gaming licenses and other intangibles. net	486,792	491,913
Goodwill	66,826	66,826
Non-operating real property	16,419	16,419
Other assets, net	7,204	6,260
Total assets	1,168,945	1,171,559
Current Liabilities:
Current portion of long-term debt	4,256	32
Accounts payable	13,020	12,184
Accrued interest	6,876	27,469
Income taxes payable	103	137
Accrued gaming taxes and assessments	12,671	12,998
Accrued payroll	11,411	9,441
Accrued other liabilities	18,845	26,788
Deferred income taxes	2,608	2,608
Due to unconsolidated affiliates	177	187
Total current liabilities	69,967	91,844
Long-term debt, less current portion	786,298	775,059
Deferred income taxes	147,645	144,439
Other liabilities	8,228	8,595
Total liabilities	1,012,138	1,019,937
Commitments and Contingencies (Note 10)
Stockholders' Equity:
Common stock, 100,000,000 shares authorized, 46,444,694 issued and outstanding, par value $0.00001
Paid-in capital	167,012	165,857
Accumulated deficit	(10,395)	(14,425)
Accumulated other comprehensive income	87	87
Stockholders' equity before non-controlling interest	156,704	151,519
Non-controlling interest	103	103
Total stockholders' equity	156,807	151,622
Total liabilities and stockholders' equity	$ 1,168,945	$ 1,171,559

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
CONSOLIDATED BALANCE SHEETS
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	46,444,694	46,444,694
Common stock, shares outstanding	46,444,694	46,444,694
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, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Casino	$ 156,357	$ 63,457	$ 460,807	$ 156,280
Pari-mutuel commissions	3,781	446	8,042	446
Food and beverage	24,040	15,972	69,717	45,348
Hotel	9,193	7,555	24,671	20,747
Other	6,165	3,098	17,464	7,515
Revenues Gross	199,536	90,528	580,701	230,336
Less - promotional allowances	(15,996)	(11,579)	(47,077)	(32,608)
Net operating revenues	183,540	78,949	533,624	197,728
Expenses:
Casino	90,398	34,596	268,282	83,877
Pari-mutuel commissions	3,625	520	8,414	520
Food and beverage	12,461	8,462	36,384	22,889
Hotel	2,340	2,109	6,843	5,969
Other	4,079	2,324	10,513	5,747
Marketing and promotions	7,816	5,262	22,321	14,148
General and administrative	26,937	14,387	81,595	36,016
Depreciation and amortization	13,954	5,283	42,454	13,557
Total operating expenses	161,610	72,943	476,806	182,723
Loss on sale or disposal of property	(6)	(3)	(2)	(3)
Acquisition charges	(380)	(4,463)	(717)	(6,916)
Equity in income of unconsolidated affiliates	2,548	1,238	3,136	3,019
Operating income	24,092	2,778	59,235	11,105
Other Income (Expense):
Loss on early retirement of debt	(1,790)		(1,790)
Interest expense, net	(14,482)	(5,647)	(48,946)	(13,398)
Total other expense	(16,272)	(5,647)	(50,736)	(13,398)
Net income (loss) before income taxes	7,820	(2,869)	8,499	(2,293)
Provision for income taxes	(2,421)	(1,195)	(4,469)	(1,195)
Net income (loss)	$ 5,399	$ (4,064)	$ 4,030	$ (3,488)
Net income (loss) per share of common stock:
Basic	$ 0.12	$ (0.16)	$ 0.09	$ (0.14)
Diluted	$ 0.12	$ (0.16)	$ 0.09	$ (0.14)
Weighted average number of shares outstanding:
Basic (in shares)	46,516,614	26,075,022	46,509,369	24,242,791
Diluted (in shares)	46,763,589	26,075,022	46,620,959	24,242,791

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$ 5,399	$ (4,064)	$ 4,030	$ (3,488)
Defined benefit pension plan:
Amortization of net gain		1		1
Minimum pension liability adjustment of unconsolidated affiliate		(55)		(166)
Comprehensive income (loss)	$ 5,399	$ (4,118)	$ 4,030	$ (3,653)

- 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, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 4,030	$ (3,488)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	42,454	13,786
Amortization of debt issuance costs and (premium) discount	(5,259)	244
Loss on early retirement of debt	1,790
Equity in income of unconsolidated affiliates	(3,136)	(3,019)
Distributions from unconsolidated affiliate		509
Stock-based compensation expense	1,155
Loss on sale or disposal of property	2	3
Provision for bad debts	46	237
Change in fair value of acquisition related contingencies	52
Provision for deferred income taxes	3,206	1,190
Change in operating assets and liabilities:
Restricted cash	4,094	1,913
Accounts receivable	(2,137)	(563)
Inventories	69	(135)
Prepaid expenses and other	(310)	1,177
Accounts payable	642	1,040
Interest payable	(20,593)	5,758
Income taxes payable	(34)
Accrued and other liabilities and due to unconsolidated affiliates	(5,543)	1,760
Net cash provided by operating activities	20,528	20,412
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures, net of payables	(24,414)	(4,565)
Proceeds from sale of property and equipment	6
Cash acquired in acquisition net of cash used to repurchase stock of $30 million		53,553
Cash escrow deposit, required for acquisition	(55,460)
Decrease in restricted cash related to credit support	2,500
(Increase) decrease in other assets, net	(944)	94
Net cash (used in) provided by investing activities	(78,312)	49,082
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of Senior Notes	375,000
Proceeds from issuance of New Term Loan	425,000
Borrowings under New Revolving Credit Facility	40,000
Retirement of long-term debt	(728,664)
Principal payments on New Revolving Credit Facility and New Term Loan	(23,063)
Payments of long-term debt		(2,500)
Payments under capital lease obligations	(29)	(217)
Payment of financing and issuance costs	(25,223)
Premium payment on early retirement of debt	(44,090)
Cash distributions to members		(576)
Proceeds from exercise of stock options		115
Repurchase of stock		(5,000)
Net cash provided by (used in) financing activities	18,931	(8,178)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(38,853)	61,316
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	87,604	29,813
CASH AND CASH EQUIVALENTS, END OF PERIOD	48,751	91,129
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid	74,806	7,377
Cash paid during period for income taxes	1,102
Payables for purchase of property and equipment	$ 194	431
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 and Basis of Presentation	9 Months Ended
Organization and Basis of Presentation	Sep. 30, 2015
Organization and Basis of Presentation
Organization and Basis of Presentation	Note 1. Organization and Basis of Presentation Organization 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 in September 2013 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"), HoldCo and MTR Gaming 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 was 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, include MTR Gaming and its subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation. 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 Circus and Eldorado Joint Venture, LLC (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 ("MGM"). Galleon owns 50% of the interests of the Silver Legacy Joint Venture. In addition, certain of our subsidiaries have entered into an agreement with subsidiaries of MGM to acquire the remaining 50% of the Silver Legacy Joint Venture and all of the assets and properties of Circus Circus Reno (the "Circus Reno/Silver Legacy Purchase"), and we have guaranteed the obligations of such subsidiaries thereunder (see Note 13). We expect to acquire the remaining 1.9% indirect interest in the Silver Legacy Joint Venture that is held by certain of our affiliates in connection with the consummation of Circus Reno/Silver Legacy Purchase. 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 as a result of such distribution because the distribution was in the amount of the book value of Tamarack and totaled $5.5 million. MTR Gaming is 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 ("Mountaineer"), Presque Isle Downs & Casino in Erie, Pennsylvania ("Presque Isle Downs") and Scioto Downs in Columbus, Ohio. Scioto Downs, through its subsidiary, RacelineBet, Inc., also operates Racelinebet.com, a national account wagering service that offers online and telephone wagering on horse races as a marketing affiliate of TwinSpires.com, an affiliate of Churchill Downs, Inc. Basis of Presentation 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. The executive decision makers of the Company review operating results, assess performance and make decisions on a "significant market" basis. Accordingly, the Company considers the Eldorado Reno, Eldorado Shreveport and MTR Gaming properties to be operating segments. Pending the consummation of the Circus Reno/Silver Legacy Purchase, which is expected to occur in November 2015, the Company intends to reassess its segment reporting. Based on this reassessment, the Company's segment reporting may change for the year ended December 31, 2015. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014. Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-9, "Revenue from Contracts with Customers", which provides guidance for revenue recognition. The new standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard is designed to create greater comparability for financial statement users across industries and jurisdictions and also requires enhanced disclosures. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 with early adoption permitted effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. The Company is currently evaluating the effects, if any, adoption of this guidance will have on its consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-2, "Consolidation: Amendments to the Consolidation Analysis" (Topic 810) which provides guidance to companies in evaluating whether certain legal entities should be included in their consolidated financial statements. This guidance is effective for annual periods beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company believes the effects, if any, of the adoption of this guidance will not have a material impact on its consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-3, "Interest—Imputation of Interest" (Subtopic 835-30) which requires debt issuance costs be presented in the balance sheet as a direct reduction of the associated debt obligation, with the amortization of such costs being reported as a component of interest expense. The description of the debt obligation will also include the effective interest rate resulting from the amortization of debt issuance costs. This guidance is effective for annual periods beginning after December 15, 2015 and interim periods within such annual periods. Early adoption is permitted, including adoption in an interim period. The new guidance is to be adopted on a retrospective basis with appropriate disclosure reflecting a change in accounting principle. The Company adopted of this guidance during the third quarter of 2015 in conjunction with the refinancing of the Company's debt (see Notes 5 and 7). The adoption of this guidance did not have a material impact on the Company's consolidated financial statements. In September 2015, the FASB issued ASU No. 2015-16, "Business Combinations" (Topic 805) which requires that an acquirer retrospectively adjust provisional amounts recognized in a business combination during the measurement period. To simplify the accounting for adjustments made to provisional amounts, the amendments in the update require that the acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined. The acquirer is required to also record, in the same period's financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. In addition an entity is required to present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The Company believes the effects, if any, of the adoption of this guidance will not have a material impact on its consolidated financial statements. Reclassifications A $3.8 million reclassification from "Other Assets" to a reduction of "Long-Term Debt" associated with the aforementioned adoption of ASU No. 2015-3, "Interest—Imputation of Interest," have been made to the 2014 consolidated financial statements to conform to the 2015 presentation and have no effect on previously reported net income (loss).

MTR Gaming Merger and Purchase Accounting

9 Months Ended

Sep. 30, 2015

MTR Gaming Merger and Purchase Accounting

MTR Gaming and Purchase Accounting

Note 2. MTR Gaming Merger and 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.

Consideration Transferred

The total consideration paid was $103.0 million. The purchase consideration in a reverse acquisition was determined with reference to the value of equity the accounting acquirer, HoldCo, 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 a 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, was used in calculating the purchase consideration. Accordingly, the following table provides the 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 HoldCo(1)		23,286,202
Number of MTR Gaming shares outstanding on the Merger Date(2)		28,386,084
MTR Gaming RSUs that vested upon closing of the Merger(3)		499,179

Total ERI shares outstanding—before share repurchase		52,171,465
MTR Gaming shares acquired at $6.05 per share based on $35.0 million cash election(4)		(5,785,123	)

Total ERI shares outstanding at Merger Date(5)		46,386,342
Resorts % ownership		50.20	%
MTR Gaming % ownership		49.80	%
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(3)		677

Total consideration transferred	$	103,011


(1)	The number of shares issued to members of HoldCo in the Mergers as merger consideration was determined pursuant to the terms of the merger agreement. The shares have been adjusted based upon the final review, as defined in the merger agreement. As a result, 25,290 escrow shares previously issued were returned to authorized and unissued prior to December 31, 2014.
(2)	Number of shares of MTR Gaming common stock issued and outstanding immediately prior to closing.
(3)	Pursuant to the MTR Gaming 2010 Long-Term Incentive Plan, immediately prior to closing, all outstanding stock options and MTR Gaming RSUs vested and became immediately exercisable. All vested MTR Gaming 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.
(4)	Total cash election includes $30.0 million paid by MTR Gaming and $5.0 million paid by HoldCo on the Merger Date.

(5)	The number of shares issued and outstanding, after settlement of the escrow shares, as determined pursuant to the terms of the merger agreement.

Final Purchase Price Allocation

The following table summarizes the fair values of the assets acquired and liabilities assumed at the Merger Date. The fair values were based on management's analysis, including work performed by third-party valuation specialists. The following table summarizes the final purchase price allocation of the acquired assets and assumed liabilities as recorded at fair value on the Merger Date (dollars in thousands):

Current and other assets	$	75,031
Property and equipment		289,211
Goodwill		66,826
Intangible assets(1)		473,000
Other noncurrent assets		20,381

Total assets		924,449

Current liabilities		46,446
Long-term debt(2)		624,877
Deferred income taxes(3)		143,104
Other noncurrent liabilities		7,011

Total liabilities assumed		821,438

Net assets acquired	$	103,011


(1)	Intangible assets consist of gaming licenses, trade names and customer loyalty programs.
(2)	Long-term debt was comprised of MTR 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 $66.8 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.

Pro Forma Information

The following table includes the pro forma results for the three and nine months ended September 30, 2014 which gives effect to the Merger as if it had occurred on January 1, 2014 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 (amounts in thousands, except per share data):

	Three Months Ended September 30, 2014			Nine Months Ended September 30, 2014
	(unaudited)
Net revenues	$	191,098		$	549,605
Net (loss) income		(1,889	)		1,950
Net (loss) income per common share:
Basic	$	(0.04	)	$	0.04
Diluted		(0.04	)		0.04
Weighted shares outstanding:
Basic		46,411,632			46,411,632
Diluted		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 Merger had taken place on January 1, 2014, 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

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-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
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479

+ Details

Investment in Unconsolidated Affiliates

9 Months Ended

Sep. 30, 2015

Investment in Unconsolidated Affiliates

Investment in Unconsolidated Affiliates

Note 3. Investment in Unconsolidated Affiliates

Effective March 1, 1994, Eldorado Limited Liability Company, a Nevada limited liability company that is a subsidiary of Resorts ("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. The Company owns an indirect 48.1% interest in the Silver Legacy Joint Venture. The Company has entered into an agreement to purchase the 50% interest in the Silver Legacy Joint Venture owned by Galleon and expects to acquire the remaining 1.9% interest held by certain of its affiliates in connection with the acquisition of the 50% interest from Galleon. See Note 13 "Pending Acquisitions."

In December 2014, Silver Legacy deposited $5.0 million of cash into a cash collateral account securing its obligations under its credit agreement, which reduced the credit support obligation of ELLC and Galleon to $2.5 million each and resulted in the return of $2.5 million of the $5.0 million of collateral that Resorts previously provided as credit support for Silver Legacy's obligations under its credit agreement. In August 2015, the remaining credit support obligation was released upon Silver Legacy's deposit of an additional $5.0 million. The $2.5 million collateral deposit is included in noncurrent restricted cash in the accompanying consolidated balance sheets at December 31, 2014.

On December 16, 2013, the Silver Legacy Joint Venture entered into a new senior secured term loan facility totaling $90.5 million (the "Silver Legacy Credit Facility") to refinance its indebtedness under its then existing senior secured term loan and Silver Legacy Second Lien Notes. The Silver Legacy Credit Facility matures on November 16, 2017. In connection with the Circus Reno/Silver Legacy Purchase, we expect all amounts outstanding under the Silver Legacy Credit Facility will be paid in full and the cash collateral securing such obligations will be released.

Equity in income related to the Silver Legacy Joint Venture for the three and nine months ended September 30, 2015 totaled $2.5 million and $3.1 million, respectively. Equity in income for the three and nine months ended September 30, 2014 totaled $1.0 million and $2.3 million, respectively.

Summarized information for the Company's investment in and advances to the Silver Legacy Joint Venture as of and for the nine months ended September 30, 2015 and 2014 was as follows (in thousands):

	September 30, 2015		September 30, 2014
	(unaudited)
Beginning balance	$	14,009	$	13,081
Equity in income of unconsolidated affiliate		3,136		2,299
Other comprehensive loss (minimum pension liability adjustment of unconsolidated affiliate)		—		(166	)

Ending balance	$	17,145	$	15,214

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

	September 30, 2015		December 31, 2014
	(unaudited)
Current assets	$	43,200	$	30,563
Property and equipment, net		184,319		190,592
Other assets, net		4,935		6,412

Total assets	$	232,454	$	227,567


Current liabilities	$	19,677	$	18,707
Long-term liabilities		86,744		89,322
Partners' equity		126,033		119,538

Total liabilities and partners' equity	$	232,454	$	227,567

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(unaudited)
Net revenues	$	38,028		$	34,447		$	97,665		$	97,540
Operating expenses		(29,953	)		(29,645	)		(82,850	)		(84,667	)

Operating income		8,075			4,802			14,815			12,873
Other expense		(2,801	)		(2,778	)		(8,319	)		(8,273	)

Net income	$	5,274		$	2,024		$	6,496		$	4,600

Stock-Based Compensation

9 Months Ended

Sep. 30, 2015

Stock-Based Compensation

Stock-Based Compensation

Note 4. Stock-Based Compensation

The Company accounts for stock-based compensation in accordance with ASC 718, Compensation—Stock Compensation. Total stock-based compensation expense recognized was $0.3 million and $1.2 million during the three and nine months ended September 30, 2015. There was no stock based compensation in 2014. These amounts are included in general and administrative expenses in the Company's consolidated statements of operations.

The Board of Directors ("BOD") adopted the Eldorado Resorts, Inc. 2015 Equity Incentive Plan ("2015 Plan") on January 23, 2015 and our shareholders subsequently approved the adoption of the 2015 Plan on June 23, 2015. The Plan permits the granting of stock options, including incentive stock options ("ERI Stock Options"), stock appreciation rights ("SARs"), restricted stock or restricted stock units ("RSUs"), performance awards, and other stock-based awards and dividend equivalents. ERI Stock Options primarily vest ratably over three years and RSUs granted to employees and executive officers primarily vest and become non-forfeitable upon the third anniversary of the date of grant. RSUs granted to non-employee directors vest immediately and are delivered upon the date that is the earlier of termination of service on the BOD or the consummation of a change of control of the Company. The performance awards relate to the achievement of defined levels of performance and are generally measured over a one or two-year performance period depending upon the award agreement. If the performance award levels are achieved, the awards earned will vest and become payable at the end of the vesting period, defined as either a one or two calendar year period following the performance period. Other stock-based awards will consist of any right which is not an ERI Stock Option, SAR, RSU, or performance award, and an award based on shares of the Company's common stock.

On January 23, 2015, the Compensation Committee of the BOD of the Company approved the grant of 685,606 RSUs with a fair value of $4.03 per unit, the NASDAQ average price per share on that date, to executive officers and certain key employees under the 2015 Plan, and the grant of 89,900 RSUs with a fair value of $4.03 per unit, the NASDAQ average price per share on that date, to non-employee members of the BOD under the 2015 Plan. Such awards became effective upon our shareholders' approval of the 2015 Plan on June 23, 2015.

On September 19, 2014, as a result of the Merger, all outstanding MTR Gaming stock options ("MTR Stock Options") vested (to the extent not already vested) and converted into an option or right to purchase the same number of shares of ERI common stock (at the same exercise price per share as in effect prior to such conversion). All other terms, except vesting requirements, applicable to such stock options remain the same.

A summary of the MTR Stock Option activity for the nine months ended September 30, 2015 is as follows:

	Options			Range of Exercise Prices	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life		Aggregate Intrinsic Value
							(in years)		(in millions)
Outstanding as of December 31, 2014		398,200		$2.44 - $16.27	$	7.88
Expired		(86,000	)	$11.30	$	11.30

Outstanding and Exercisable as of September 30, 2015		312,200		$2.44 - $16.27	$	6.94		3.72	$	0.9

A summary of the RSU activity for the nine months ended September 30, 2015 is as follows:

	RSUs			Weighted-Average Grant Date Fair Value		Weighted-Average Remaining Contractual Life		Aggregate Fair Value
						(in years)		(in millions)
Unvested outstanding as of December 31, 2014		—		$	—		—		—
Granted		778,440		$	4.05
Vested		(89,900	)	$	4.03
Forfeited		—			—

Unvested outstanding as of September 30, 2015		688,540		$	4.05		2.33	$	6.2

As of September 30, 2015, the Company had approximately $2.2 million of unrecognized compensation expense related to unvested RSUs that is expected to be recognized over a weighted-average period of approximately 2.33 years.

Other and Intangible Assets, net

9 Months Ended

Sep. 30, 2015

Other and Intangible Assets, net

Other and Intangible Assets, net

Note 5. Other and Intangible Assets, net

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

	September 30, 2015			December 31, 2014
	(unaudited)
Goodwill	$	66,826		$	66,826


Gaming licenses (indefinite-lived)	$	482,074		$	482,074
Trade names		6,700			6,700
Customer loyalty program		4,800			4,800

		493,574			493,574
Accumulated amortization trade names		(1,982	)		(547	)
Accumulated amortization customer loyalty programs		(4,800	)		(1,114	)

Total gaming licenses and other intangible assets, net	$	486,792		$	491,913


Land held for development	$	906		$	906
Other		6,298			5,354

Total other assets, net	$	7,204		$	6,260

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 $66.8 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.

The gaming licenses represents intangible assets 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. Included in gaming licenses are the gaming and racing licenses of Mountaineer, Presque Isle Downs and Scioto Downs totaling $461.5 million, which reflects the fair value of the licenses calculated as of the Merger Date, as well as the Eldorado Shreveport gaming license in the amount of $20.6 million as of September 30, 2015 and December 31, 2014. Gaming license rights are not subject to amortization as the Company has determined that they have an indefinite useful life.

Trade names are amortized on a straight-line basis over a 3.5 year useful life and the customer loyalty program was amortized on a straight-line basis over a one year useful life. Amortization expense with respect to trade names and the customer loyalty program for the three and nine months ended September 30, 2015 was $1.5 million and $5.0 million, respectively, and $0.2 million and $1.7 million for the three and nine months ended September 30, 2014, respectively, which is included in depreciation and amortization in the accompanying unaudited consolidated statements of operations. Based upon the amortizable intangible assets as of September 30, 2015, the estimated aggregate future amortization expense is $0.5 million for the remainder of 2015, $1.9 million for the years ended December 31, 2016 and 2017 and $0.4 million for the year ended December 31, 2018.

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2015
Income Taxes
Income Taxes	Note 6. Income Taxes Prior to the Merger Date, the Company was taxed as a partnership under the Internal Revenue Code pursuant to which income taxes were primarily the responsibility of the partners. On September 19, 2014, in connection with the Merger, the Company became a C corporation subject to federal and state corporate-level income taxes at prevailing corporate tax rates. The Company files a US federal tax return, and various state and local income tax returns. With few exceptions, the Company is no longer subject to US federal or state and local tax examinations by tax authorities for years before 2011. 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 relation to pretax income (loss). This is due to the federal and state valuation allowances on 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 deferred tax assets. As a result of 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"), the Company expects to continue to provide for a full valuation allowance against substantially all of the net federal and state deferred tax assets. For income tax purposes the Company amortizes or depreciates 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 the Company's 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 and nine months ended September 30, 2015, the Company's tax expense was $2.4 million and $4.5 million, respectively. During the three and nine months ended September 30, 2014, the Company's tax expense was $1.2 million. As of September 30, 2015, there are no unrecognized tax benefits and the Company does not expect a significant increase or decrease to the total amounts of unrecognized tax benefits within the next twelve months.

Long-Term Debt

9 Months Ended

Sep. 30, 2015

Long-Term Debt

Long-Term Debt

Note 7. Long-Term Debt

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

	September 30, 2015			December 31, 2014
	(unaudited)
Senior Notes	$	375,000		$	—
Less: Unamortized debt issuance costs		(9,128	)		—

Net		365,872			—
New Term Loan		423,938			—
Less: Unamortized discount and debt issuance costs		(14,709	)		—

Net		409,229			—
New Revolving Credit Facility		18,000			—
Less: Unamortized debt issuance costs		(2,553	)		—

Net		15,447			—
Resorts Senior Secured Notes		—			168,000
Less: Unamortized discount and debt issuance costs		—			(3,771	)

Net		—			164,229
MTR Second Lien Notes		—			560,664
Add: Unamortized premium		—			50,163

Net		—			610,827
Capital leases		6			35
Less: Current portion		(4,256	)		(32	)

Total long-term debt	$	786,298		$	775,059

Scheduled maturities of long-term debt are $18.0 million in 2020, $395.3 million in 2022 and $375.0 million in 2023. Debt issuance costs and the discount associated with the issuance of the Senior Notes, New Term Loan and New Revolving Credit Facility (as such terms are defined below) in July 2015 totaled $25.2 million. Amortization of debt issuance costs is computed using the effective interest method, over the term of the bonds, and is included in interest expense on the accompanying unaudited consolidated statements of operations. Amortization of the debt issuance costs and the discount associated with the Senior Notes and New Credit Facility (as defined below) totaled $0.7 million for the three and nine months ended September 30, 2015.

Amortization of Resorts' bond costs was computed using the straight-line method, which approximates the effective interest method, over the term of the bonds, and was included in interest expense on the accompanying unaudited consolidated statements of operations. Amortization expense with respect to deferred financing costs on Resorts Senior Secured Notes (as defined below) amounted to $0.5 million and $0.6 million for each of the nine months ended September 30, 2015 and 2014. Amortization expense with respect to deferred financing costs on Resorts Senior Secured Notes amounted to $0.1 and $0.2 million for the three months ended September 30, 2015 and 2014, respectively.

Unamortized costs and discounts associated with the Resorts Senior Secured Notes totaled $3.3 million as of the July 23, 2015 refinancing date. Unamortized premiums associated with the MTR Second Lien Notes totaled $43.8 million as of the July 23, 2015 refinancing date.

Refinancing Transaction and Senior Notes

On July 23, 2015, the Company issued $375 million in aggregate principal amount of 7.0% senior notes due 2023 ("Senior Notes") pursuant to the indenture, dated as of July 23, 2015 (the "Indenture"), at an issue price equal to 100.0% of the aggregate principal amount of the Senior Notes. The Senior Notes are guaranteed by all of the Company's direct and indirect restricted subsidiaries other than immaterial subsidiaries. The Senior Notes will mature on August 1, 2023, with interest payable semi-annually in arrears on February 1 and August 1 of each year.

The Company used, or will use, the net proceeds from the Senior Notes offering together with borrowings under the New Term Loan and the New Revolving Credit Facility (as defined below) to (i) purchase or otherwise redeem (a) all of the outstanding Resorts Senior Secured Notes and (b) all of the outstanding MTR Second Lien Notes, (ii) pay a portion of the purchase price for the Circus Reno/Silver Legacy Purchase and repay all amounts outstanding under the Silver Legacy Joint Venture credit facility, and (iii) pay fees and costs associated with such transactions. Net proceeds from the Senior Notes offering equal to $50.0 million, plus interest to the latest possible redemption date, were placed in escrow, to be released only if the Circus Reno/Silver Legacy Purchase is consummated on or prior to April 1, 2016; otherwise, $50.0 million in aggregate principal amount of the Senior Notes will be subject to a special mandatory redemption, on a pro rata basis, at a redemption price equal to 100.0% of the principal amount thereof plus accrued and unpaid interest to, but not including, the redemption date. The Company recognized an $3.6 million loss on the retirement of the Resorts Senior Secured Notes and a $1.8 million gain on the retirement of the MTR Second Lien Notes resulting in a $1.8 million net loss on early retirement of debt during the three and nine months ended September 30, 2015.

On or after August 1, 2018, the Company may redeem all or a portion of the Senior Notes upon not less than 30 nor more than 60 days' notice, at the redemption prices (expressed as percentages of the principal amount) set forth below plus accrued and unpaid interest and additional interest, if any, on the Senior Notes redeemed, to the applicable redemption date, if redeemed during the twelve month period beginning on August 1 of the years indicated below:

Year	Percentage
2018		105.250	%
2019		103.500	%
2020		101.750	%
2021 and thereafter		100.000	%

Prior to August 1, 2018, the Company may redeem all or a portion of the Senior Notes at a price equal to 100% of the Senior Notes redeemed plus accrued and unpaid interest to the redemption date, plus a make-whole premium. At any time prior to August 1, 2018, the Company is also entitled to redeem up to 35% of the original aggregate principal amount of the Senior Notes with proceeds of certain equity financings at a redemption price equal to 107% of the principal amount of the Senior Notes redeemed, plus accrued and unpaid interest. If the Company experiences certain change of control events (as defined in the Indenture), it must offer to repurchase the Senior Notes at 101% of their principal amount, plus accrued and unpaid interest to the applicable repurchase date. If the Company sells assets under certain circumstances and does not use the proceeds for specified purposes, the Company must offer to repurchase the Senior Notes at 100% of their principal amount, plus accrued and unpaid interest to the applicable repurchase date. The Senior Notes are subject to redemption imposed by gaming laws and regulations of applicable gaming regulatory authorities.

The Indenture contains certain covenants limiting, among other things, the Company's ability and the ability of its subsidiaries (other than its unrestricted subsidiaries) to:


	•	pay dividends or distributions or make certain other restricted payments or investments;
	•	incur or guarantee additional indebtedness or issue disqualified stock or create subordinated indebtedness that is not subordinated to the Senior Notes or the guarantees of the Senior Notes;
	•	create liens;
	•	transfer and sell assets;
	•	merge, consolidate, or sell, trainer or otherwise dispose of all or substantially all of the Company's assets;
	•	enter into certain transactions with affiliates;
	•	engage in lines of business other than the Company's core business and related businesses; and
	•	create restrictions on dividends or other payments by restricted subsidiaries.

These covenants are subject to a number of exceptions and qualifications as set forth in the Indenture. The Indenture also provides for customary events of default which, if any of them occurs, would permit or require the principal of and accrued interest on such Senior Notes to be declared due and payable. As of September 30, 2015, the Company was in compliance with all of the covenants under the Indenture relating to the Senior Notes.

New Credit Facility

On July 23, 2015, the Company entered into a new $425.0 million seven year term loan (the "New Term Loan") and a new $150.0 million five year revolving credit facility (the "New Revolving Credit Facility" and, together with the New Term Loan, the "New Credit Facility"). Also on July 23, 2015, the Company borrowed $40.0 million under the New Revolving Credit Facility. As of September 30, 2015, the Company had $423.9 million outstanding on the New Term Loan and $18.0 million in borrowings outstanding under the New Revolving Credit Facility. The Company had $132.0 million of available borrowing capacity under its New Revolving Credit Facility as of September 30, 2015. At September 30, 2015, the interest rate on the New Term Loan was 4.25% and the interest rate on the New Revolving Credit Facility was 3.25%.

The New Term Loan bears interest at a rate per annum of, at the Company's option, either (x) LIBOR plus 3.25%, with a LIBOR floor of 1.0%, or (y) a base rate plus 2.25%. Borrowings under the New Revolving Credit Facility bear interest at a rate per annum of, at the Company's option, either (x) LIBOR plus a spread ranging from 2.5% to 3.25% or (y) a base rate plus a spread ranging from 1.5% to 2.25%, in each case with the spread determined based on the Company's total leverage ratio. Additionally, the Company will pay a commitment fee on the unused portion of the New Revolving Credit Facility not being utilized in the amount of 0.50% per annum.

The New Credit Facility is secured by substantially all of the Company's personal property assets and substantially all personal property assets of each subsidiary that guaranties the New Credit Facility (other than certain subsidiary guarantors designated as immaterial or restricted subsidiaries) (the "New Credit Facility Guarantors"), whether owned on the closing date of the New Credit Facility or thereafter acquired, and mortgages on the real property and improvements owned or leased us or the New Credit Facility Guarantors. The New Credit Facility is also secured by a pledge of all of the equity owned by us and the New Credit Facility Guarantors (subject to certain gaming law restrictions). The credit agreement governing the New Credit Facility contains a number of customary covenants that, among other things, restrict, subject to certain exceptions, the Company's ability and the ability of the New Credit Facility Guarantors to incur additional indebtedness, create liens on collateral, engage in mergers, consolidations or asset dispositions, make distributions, make investments, loans or advances, engage in certain transactions with affiliates or subsidiaries or make capital expenditures.

The credit agreement governing the New Credit Facility also includes requirements the Company maintains a maximum total leverage ratio and a minimum interest coverage ratio (adjusting over time). The Company is required to maintain a maximum total leverage ratio of 6.75 to 1.00 from the closing date through December 31, 2015, 6.00 to 1.00 from January 1, 2016 to December 31, 2017 and 5.00 to 1.00 thereafter. In addition, the Company is required to maintain a minimum interest coverage ratio of 2.50 to 1.00 from the closing date through December 31, 2015, and 2.75 to 1.00 from January 1, 2016 through December 31, 2016 and 3.00 to 1.00 thereafter. A default of the financial ratio covenants shall only become an event of default under the New Term Loan if the lenders providing the New Revolving Credit Facility take certain affirmative actions after the occurrence of a default of such financial ratio covenants.

The credit agreement governing the New Credit Facility contains a number of customary events of default, including, among others, for the non-payment of principal, interest or other amounts, the inaccuracy of certain representations and warranties, the failure to perform or observe certain covenants, a cross default to other indebtedness including the Senior Notes, certain events of bankruptcy or insolvency; certain ERISA events, the invalidity of certain loan documents, certain changes of control and the loss of certain classes of licenses to conduct gaming. If any event of default occurs, the lenders under the New Credit Facility would be entitled to take various actions, including accelerating amounts due thereunder and taking all actions permitted to be taken by a secured creditor. As of September 30, 2015, the Company was in compliance with the covenants under the New Credit Facility.

Resorts Senior Secured Notes

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

Pursuant to the refinancing transactions, the Company purchased or discharged all of the outstanding Resorts Senior Secured Notes in July 2015.

MTR Gaming Second Lien Notes

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

Pursuant to the refinancing transactions, the Company purchased or discharged all of the outstanding MTR Second Lien Notes in July 2015.

Fair Value of Financial Instruments

9 Months Ended

Sep. 30, 2015

Fair Value of Financial Instruments

Fair Value of Financial Instruments

Note 8. 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: Restricted cash includes unredeemed winning tickets from the Company's 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. Restricted cash 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 Senior Notes are classified as Level 2 based upon market inputs. The New Term Loan under the credit facility is classified as Level 2 as it is tied to market rates of interest and its carrying value approximates market value. The fair value of the Senior Notes was based on quoted market prices at September 30, 2015. The fair value of the Resorts Senior Secured Notes was calculated based on management's estimates of the borrowing rates available at December 31, 2014 for debt with similar terms and maturities. The fair value of the MTR Second Lien Notes was based on quoted market prices at December 31, 2014.

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. The Company considers the acquisition related contingency's fair value measurement, which includes forecast assumptions, to be Level 3 within the fair value hierarchy.

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

	September 30, 2015				December 31, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(unaudited)
Financial assets:
Cash and cash equivalents	$	48,751	$	48,751	$	87,604	$	87,604
Restricted and escrow cash		57,100		57,100		8,234		8,234
Advance to Silver Legacy Joint Venture		—		5,622		—		4,911
Financial liabilities:
Senior Notes		365,872		367,500		—		—
New Term Loan		409,229		424,997		—		—
New Revolving Credit Facility		15,447		18,000		—		—
Resorts Senior Secured Notes		—		—		164,229		174,720
MTR Second Lien Notes		—		—		610,827		606,919
Acquisition-related contingent considerations		529		529		524		524

The following table represents the change in acquisition-related contingent consideration liabilities during the period December 31, 2014 to September 30, 2015:

Balance as of December 31, 2014	$	524
Amortization of present value discount(1)		52
Fair value adjustment for change in consideration expected to be paid(2)		38
Settlements		(85	)

Balance as of September 30, 2015	$	529


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

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Earnings per Share

9 Months Ended

Sep. 30, 2015

Earnings per Share

Earnings per Share

Note 9. Earnings per Share

The following table illustrates 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, 2015 and 2014 (dollars in thousands, except per share amounts):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015		2014			2015		2014
	(unaudited)					(unaudited)
Net income (loss) available to common stockholders	$	5,399	$	(4,064	)	$	4,030	$	(3,488	)


Weighted average shares outstanding:
Basic		46,516,614		26,075,022			46,509,369		24,242,791


Diluted		46,763,589		26,075,022			46,620,959		24,242,791


Net income (loss) per common share:
Basic	$	0.12	$	(0.16	)	$	0.09	$	(0.14	)


Diluted	$	0.12	$	(0.16	)	$	0.09	$	(0.14	)

As the accounting acquirer in the Merger and in accordance with the applicable accounting guidance in ASC 805, for purposes of computing comparative earnings per share, the Company has presented the historical weighted average number of common shares outstanding multiplied by the exchange ratio established in the merger agreement (see Note 2) for the three and nine months ended September 30, 2014. At the Merger Date, there were no dilutive securities outstanding.

Equity Offering

On July 7, 2015, the Company filed a registration statement relating to an underwritten offering of up to $80 million common stock ("Common Stock Offering"). The Company intends to sell shares of common stock to generate aggregate net proceeds of approximately $60 million, prior to the exercise of the underwriters' option to purchase additional shares. The number of shares sold in the offering, if any, will be subject to market conditions.

If the equity offering is completed, the Company intends to apply the proceeds from the Common Stock Offering to pay a portion of the purchase price for the purchase of all of the assets of Circus Circus Reno and the Silver Legacy Joint Venture currently owned by a subsidiary of MGM Resorts International, including repayment of amounts outstanding under the Silver Legacy Joint Venture credit facility, and pay fees and costs associated with such transactions. If the equity offering is not completed in advance of the completion of the purchase, the Company intends to utilize the New Revolving Credit Facility to fund a portion of the Circus Reno/Silver Legacy Purchase.

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2015
Commitments and Contingencies.
Commitments and Contingencies	Note 10. Commitments and Contingencies Litigation The Company is a party to various lawsuits, which have arisen in the normal course of 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 the consolidated financial condition and those estimated losses are not expected to have a material impact on the results of operations. On April 17, 2010, Presque Isle Downs, Inc. initiated legal action in the Court of Common Pleas of Erie County, Pennsylvania, against defendants Dwayne Cooper Enterprises, Inc. ("DCE"), Turner Construction Company ("Turner"), and Rectenwald Buehler Architects, Inc. f/k/a Weborg Rectenwald Buehler Architects, Inc. ("RB") to recover damages arising out of failures of the surveillance system installed during the original construction of the casino facilities at Presque Isle Downs. DCE supplied and installed the surveillance system, RB acted as the project architect, and Turner served as the construction manager on the project. Shortly after Presque Isle Downs opened on February 28, 2007, it discovered that certain components of the surveillance system were defective, malfunctioning or missing. After efforts to remediate the deficiencies in the system were unsuccessful, it became necessary to replace certain components of the surveillance system at a cost of $1.9 million, and to write-off approximately $1.5 million related to the net book value of the equipment that was replaced. On April 5, 2011, Presque Isle Downs obtained a default judgment against DCE in the amount of $2.7 million. Efforts to enforce the judgment against DCE are ongoing but the assets of DCE appear to be modest and materially insufficient to pay the judgment. Any proceeds that may be received will be recorded as the amounts are realized. Defendant RB joined five additional vendors/subcontractors as additional defendants in the case. Each of the defendants and all but one of the additional defendants filed motions or objections requesting that the Court dismiss the claims against it. After these motions and objections were denied and the parties engaged in limited discovery, the parties agreed to submit the case to mediation. The mediation occurred on February 10, 2015, and resulted in an agreement under which the sum of $0.7 million would be paid to Presque Isle Downs, Inc. in exchange for a general release of the defendants (except DCE) and the additional defendants. A settlement agreement and release have been entered into by all parties. The case was dismissed August 4, 2015. On October 21, 2011, the Ohio Roundtable filed a complaint in the Court of Common Pleas in Franklin County, Ohio against a number of defendants, including the Governor, the Ohio Lottery Commission and the Ohio Casino Control Commission. The complaint alleges a variety of substantive and procedural defects relative to the approval and implementation of video lottery terminals as well as several counts dealing with the taxation of standalone casinos. As interveners, the Company, along with four of the other racinos in Ohio, filed motions for judgment on the pleadings to supplement the position of the Racing Commission. In May 2012, the Court of Common Pleas dismissed the case; however, the plaintiffs filed an appeal and oral arguments were held on January 17, 2013 in the 10th District Court of Appeals. In March 2013, the Court of Appeals upheld the ruling. The decision of the Appeals Court was appealed to the Ohio Supreme Court by the plaintiffs on April 30, 2013 and the Ohio Supreme Court elected to accept the appeal. The Ohio Supreme Court temporarily stayed the appeal until it first ruled on a matter with similar procedural issues. A decision was issued on that case on June 10, 2014. Accordingly, along with the State Appellees, a motion to dismiss as improvidently granted was filed which was partially granted. The remaining propositions of law have been briefed by both parties and oral arguments were held on June 23, 2015. Environmental Remediation In October 2004, the Company acquired 229 acres of real property, known as the International Paper site, as an alternative site to build Presque Isle Downs. In connection with the acquisition of the International Paper site, the Company entered into a consent order and decree (the "Consent Order") with the PaDEP and International Paper insulating us from liability for certain pre-existing contamination, subject to compliance with the Consent Order, which included a proposed environmental remediation plan for the site, which was tied specifically to the use of the property as a racetrack. The proposed environmental remediation plan in the Consent Order was based upon a "baseline environmental report" and management estimated that such remediation would be subsumed within the cost of developing the property as a racetrack. The racetrack was never developed at this site. In October 2005, the Company sold approximately 205 acres to GEIDC who assumed primary responsibility for the remediation obligations under the Consent Order relating to the property they acquired. However, the Company was advised by the PaDEP that it was not released from its liability and responsibility under the Consent Order. The Company also purchased an Environmental Risk Insurance Policy in the amount of $10.0 million with respect to the property, which was renewed in October 2015 for a period of one year. The Company believes that the insurance coverage is in excess of any exposure that we may have in this matter. Regulatory Gaming Assessments The Pennsylvania Gaming Control Board (the "PGCB"), the Pennsylvania Department of Revenue and the Pennsylvania State Police (collectively "the Borrowers"), were required to fund the costs they incurred in connection with the initial development of the infrastructure to support gaming operations in Pennsylvania as well as the initial ongoing costs of the Borrowers. The initial funding of these costs was provided from a loan from the Pennsylvania General Fund in the amount of $36.1 million, and further funding was provided from additional loans from the Pennsylvania Property Tax Reserve Fund in the aggregate amount of $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 (1) cumulative gross slot revenue since inception in relation to the combined cumulative gross slot revenue for all licensees and (2) single year gross slot revenue (during the state's fiscal year ending September 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 $4.1 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 $2.1 million, which has been accrued in the accompanying consolidated balance sheets at September 30, 2015 and December 31, 2014. The recorded estimate is subject to revision based upon future changes in the revenue assumptions utilized to develop the estimate. The estimated total obligation at September 30, 2015 and December 31, 2014 was $4.5 million and $5.0 million, respectively, and is accrued in the accompanying consolidated balance sheets. As of and during the nine months ended September 30, 2015, the total estimated liability decreased as a result of changes in the forecasted assumptions utilized in the model by $0.5 million and was recognized in gaming operating expenses. The Company paid $0.3 million during the nine months ended September 30, 2015.

Related Parties	9 Months Ended
Related Parties	Sep. 30, 2015
Related Parties
Related Parties	Note 11. Related Parties As of September 30, 2015, the Company's receivables and payables to related parties amounted to $0.4 million and $0.2 million, respectively. As of December 31, 2014, 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.

- 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, 2015

Segment Information

Segment Information

Note 12. Segment Information

The following table sets forth, for the period indicated, certain operating data for the Company's reportable segments. Management views each of its 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 along with its corporate offices. Pending the consummation of the Circus Reno/Silver Legacy Purchase, which is expected to occur during the fourth quarter of 2015, the Company intends to reassess its segment reporting. Based on this reassessment, the Company's segment reporting may change for the year ended December 31, 2015.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(in thousands, unaudited)						(in thousands, unaudited)
Revenues and expenses
Eldorado Reno
Net operating revenues(a)	$	29,002		$	28,759		$	79,961		$	81,545
Expenses, excluding depreciation		(23,236	)		(25,321	)		(66,756	)		(72,585	)
Loss on sale or disposal of property		(16	)		—			(11	)		—
Acquisition charges		—			(3,845	)		—			(6,298	)
Equity in income of unconsolidated affiliates		2,548			1,238			3,136			3,019
Depreciation		(1,959	)		(1,941	)		(5,833	)		(5,933	)

Operating income (loss)—Eldorado Reno	$	6,339		$	(1,110	)	$	10,497		$	(252	)


Eldorado Shreveport
Net operating revenues	$	34,651		$	34,629		$	103,919		$	102,122
Expenses, excluding depreciation and amortization(a)		(27,012	)		(28,647	)		(81,217	)		(84,389	)
Gain (loss) on sale or disposal of property		64			(3	)		63			(3	)
Depreciation and amortization		(1,902	)		(2,053	)		(5,709	)		(6,335	)

Operating income—Eldorado Shreveport	$	5,801		$	3,926		$	17,056		$	11,395


MTR Gaming
Net operating revenues	$	119,887		$	16,311		$	349,744		$	16,311
Expenses, excluding depreciation and amortization		(94,476	)		(14,442	)		(276,923	)		(14,442	)
Loss on sale or disposal of property		(54	)		—			(54	)		—
Acquisition charges		—			(618	)		(84	)		(618	)
Depreciation and amortization		(9,989	)		(1,289	)		(30,647	)		(1,289	)

Operating income (loss)—MTR Gaming	$	15,368		$	(38	)	$	42,036		$	(38	)


Eldorado Corporate
Expenses, excluding depreciation(a)	$	(2,932	)	$	—		$	(9,456	)	$	—
Acquisition charges		(380	)		—			(633	)		—
Depreciation		(104	)		—			(265	)		—

Operating loss—Eldorado Corporate	$	(3,416	)	$	—		$	(10,354	)	$	—


Total Reportable Segments
Net operating revenues(a)	$	183,540		$	79,699		$	533,624		$	199,978
Expenses, excluding depreciation and amortization(a)		(147,656	)		(68,410	)		(434,352	)		(171,416	)
Loss on sale or disposal of property		(6	)		(3	)		(2	)		(3	)
Acquisition charges		(380	)		(4,463	)		(717	)		(6,916	)
Equity in income of unconsolidated affiliates		2,548			1,238			3,136			3,019
Depreciation and amortization		(13,954	)		(5,283	)		(42,454	)		(13,557	)

Operating income—Total Reportable Segments	$	24,092		$	2,778		$	59,235		$	11,105


Reconciliations to Consolidated Net Income(Loss)
Operating Income—Total Reportable Segments	$	24,092		$	2,778		$	59,235		$	11,105
Unallocated income and expenses:
Interest expense, net		(14,482	)		(5,647	)		(48,946	)		(13,398	)
Loss on early retirement of debt		(1,790	)		—			(1,790	)		—
Provision for income taxes		(2,421	)		(1,195	)		(4,469	)		(1,195	)

Net income (loss)	$	5,399		$	(4,064	)	$	4,030		$	(3,488	)


(a)	Includes intercompany management fee revenues earned by Eldorado Reno and expensed by Eldorado Shreveport amounting to $0.8 million and $2.3 million, respectively, for the three and nine months ended September 30, 2014.

	Nine Months Ended September 30,
	2015		2014
	(in thousands, unaudited)
Capital Expenditures:
Eldorado Reno	$	3,212	$	2,404
Eldorado Shreveport		2,491		1,824
MTR Gaming		18,216		337
Eldorado Corporate		495		—

Total	$	24,414	$	4,565

	As of September 30, 2015			As of December 31, 2014
	(in thousands)
	(unaudited)
Total Assets:
Eldorado Reno	$	116,069		$	232,559
Eldorado Shreveport		134,556			143,928
Eldorado Corporate		796,107			—
MTR Gaming		874,010			921,726
Eliminating and reclassification entries(a)		(751,797	)		(126,654	)

Total	$	1,168,945		$	1,171,559

Summary of eliminating and reclassification entries for the periods indicated:

Proceeds from Resorts Senior Secured Notes loaned to Eldorado Shreveport	$	—	$	116,308
Accrued interest on the above intercompany loan		—		418
Intercompany receivables/payables		741,560		130
Reclassification of noncurrent deferred tax assets		947		—
Net investment in and advances to MTR Gaming		5,000		5,000
Net investment in and advances to Eldorado Shreveport		4,290		4,798

Total eliminating and reclassification entries	$	751,797	$	126,654

- 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

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+ Details

Pending Acquisitions	9 Months Ended
Pending Acquisitions	Sep. 30, 2015
Pending Acquisitions
Pending Acquisitions	Note 13. Pending Acquisitions On July 7, 2015, certain of the Company's subsidiaries, Circus Circus Casinos, Inc. and Galleon, Inc., subsidiaries of MGM Resorts International, entered into a purchase and sale agreement (the "Purchase Agreement") with respect to the acquisition of (i) all of the assets and properties of Circus Circus Reno and (ii) the 50% membership interest in the Silver Legacy Joint Venture owned by Galleon, Inc. (collectively, the "Circus Reno/Silver Legacy Purchase"). ERI has unconditionally guaranteed the purchaser's obligations under the Purchase Agreement. ERI currently has an indirect interest in 48.1% of the interests of the Silver Legacy Joint Venture. In connection with the consummation of the Circus Reno/Silver Legacy Purchase, ERI expects to acquire the 1.9% indirect interest in the Silver Legacy Joint Venture held by ELLC. Following the consummation of the foregoing transactions, the Silver Legacy Joint Venture will be a wholly-owned indirect subsidiary of ERI. The proposed purchase price for the Circus Reno/Silver Legacy Purchase is $72.5 million, subject to a customary working capital adjustment, and the assumption of amounts outstanding under the Silver Legacy Joint Venture credit facility, of which $80.5 million was outstanding at September 30, 2015. In conjunction with the execution of the Purchase Agreement, ERI deposited $3.0 million in escrow, which it will surrender in the event the proposed acquisitions fail to close for reasons other than a breach by Circus Circus Casinos, Inc. or Galleon, Inc. The balance of the purchase price will be payable in cash at the closing of the Circus Reno/Silver Legacy Purchase. The Company expects to apply a portion of the proceeds of the sale of the Senior Notes, proceeds from the sale of common stock or borrowings under the New Revolving Credit Facility and cash on hand to pay the purchase price for the Circus Reno/Silver Legacy Purchase. The consummation of the transactions contemplated by the Purchase Agreement is subject to the satisfaction of certain conditions, including the approval of various gaming authorities. The Circus Reno/Silver Legacy transaction is expected to be consummated in November 2015, but there can be no assurance that the proposed acquisition will be consummated or as to the date by which the proposed acquisition will be consummated. The Company incurred $0.6 million in costs associated with the pending acquisitions during the nine months ended September 30, 2015.

Employee Benefit Plans	9 Months Ended
Employee Benefit Plans	Sep. 30, 2015
Employee Benefit Plans
Employee Benefit Plans	Note 14. Employee Benefit Plans In August 2015, the Company's Compensation Committee and Board of Directors approved the termination of the existing Resorts and MTR Gaming 401(k) plans and the establishment of a new consolidated ERI 401(k) plan, both to be effective in January 2016.

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2015
Subsequent Events
Subsequent Events	Note 15. Subsequent Events In October 2015, the Company announced that it established Columbus Southeast Hotel Group LLC, a joint venture with Vista Host, Inc. to develop a new 118-room Hampton Inn & Suites hotel that will be attached to Eldorado's Scioto Downs Racino in Columbus, OH. Construction of the new hotel is expected to begin in October with a targeted completion date in late 2016. Pursuant to the terms of the joint venture agreement, the Company is contributing $1.0 million of cash and 2.4 acres of land immediately adjacent the Scioto Downs Racino. Columbus Southeast Hotel Group LLC will be responsible for the construction of the $15.0 million hotel and Vista Host, Inc. will operate it upon its completion. The Company is evaluating the accounting treatment associated with the new joint venture and the impact it will have on its financial statements.

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2015
Summary of Significant Accounting Policies
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-9, "Revenue from Contracts with Customers", which provides guidance for revenue recognition. The new standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard is designed to create greater comparability for financial statement users across industries and jurisdictions and also requires enhanced disclosures. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 with early adoption permitted effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. The Company is currently evaluating the effects, if any, adoption of this guidance will have on its consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-2, "Consolidation: Amendments to the Consolidation Analysis" (Topic 810) which provides guidance to companies in evaluating whether certain legal entities should be included in their consolidated financial statements. This guidance is effective for annual periods beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company believes the effects, if any, of the adoption of this guidance will not have a material impact on its consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-3, "Interest—Imputation of Interest" (Subtopic 835-30) which requires debt issuance costs be presented in the balance sheet as a direct reduction of the associated debt obligation, with the amortization of such costs being reported as a component of interest expense. The description of the debt obligation will also include the effective interest rate resulting from the amortization of debt issuance costs. This guidance is effective for annual periods beginning after December 15, 2015 and interim periods within such annual periods. Early adoption is permitted, including adoption in an interim period. The new guidance is to be adopted on a retrospective basis with appropriate disclosure reflecting a change in accounting principle. The Company adopted of this guidance during the third quarter of 2015 in conjunction with the refinancing of the Company's debt (see Notes 5 and 7). The adoption of this guidance did not have a material impact on the Company's consolidated financial statements. In September 2015, the FASB issued ASU No. 2015-16, "Business Combinations" (Topic 805) which requires that an acquirer retrospectively adjust provisional amounts recognized in a business combination during the measurement period. To simplify the accounting for adjustments made to provisional amounts, the amendments in the update require that the acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined. The acquirer is required to also record, in the same period's financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. In addition an entity is required to present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The Company believes the effects, if any, of the adoption of this guidance will not have a material impact on its consolidated financial statements.
Reclassifications	Reclassifications A $3.8 million reclassification from "Other Assets" to a reduction of "Long-Term Debt" associated with the aforementioned adoption of ASU No. 2015-3, "Interest—Imputation of Interest," have been made to the 2014 consolidated financial statements to conform to the 2015 presentation and have no effect on previously reported net income (loss).

MTR Gaming Merger and Purchase Accounting (Tables)

9 Months Ended

Sep. 30, 2015

MTR Gaming Merger and 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 HoldCo(1)		23,286,202
Number of MTR Gaming shares outstanding on the Merger Date(2)		28,386,084
MTR Gaming RSUs that vested upon closing of the Merger(3)		499,179

Total ERI shares outstanding—before share repurchase		52,171,465
MTR Gaming shares acquired at $6.05 per share based on $35.0 million cash election(4)		(5,785,123	)

Total ERI shares outstanding at Merger Date(5)		46,386,342
Resorts % ownership		50.20	%
MTR Gaming % ownership		49.80	%
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(3)		677

Total consideration transferred	$	103,011


(1)	The number of shares issued to members of HoldCo in the Mergers as merger consideration was determined pursuant to the terms of the merger agreement. The shares have been adjusted based upon the final review, as defined in the merger agreement. As a result, 25,290 escrow shares previously issued were returned to authorized and unissued prior to December 31, 2014.
(2)	Number of shares of MTR Gaming common stock issued and outstanding immediately prior to closing.
(3)	Pursuant to the MTR Gaming 2010 Long-Term Incentive Plan, immediately prior to closing, all outstanding stock options and MTR Gaming RSUs vested and became immediately exercisable. All vested MTR Gaming 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.
(4)	Total cash election includes $30.0 million paid by MTR Gaming and $5.0 million paid by HoldCo on the Merger Date.

(5)	The number of shares issued and outstanding, after settlement of the escrow shares, as determined pursuant to the terms of the merger agreement.

Summary of the final purchase price allocation of the assets acquired and liabilities assumed at the Merger Date

The following table summarizes the final purchase price allocation of the acquired assets and assumed liabilities as recorded at fair value on the Merger Date (dollars in thousands):

Current and other assets	$	75,031
Property and equipment		289,211
Goodwill		66,826
Intangible assets(1)		473,000
Other noncurrent assets		20,381

Total assets		924,449

Current liabilities		46,446
Long-term debt(2)		624,877
Deferred income taxes(3)		143,104
Other noncurrent liabilities		7,011

Total liabilities assumed		821,438

Net assets acquired	$	103,011


(1)	Intangible assets consist of gaming licenses, trade names and customer loyalty programs.
(2)	Long-term debt was comprised of MTR 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, 2014			Nine Months Ended September 30, 2014
	(unaudited)
Net revenues	$	191,098		$	549,605
Net (loss) income		(1,889	)		1,950
Net (loss) income per common share:
Basic	$	(0.04	)	$	0.04
Diluted		(0.04	)		0.04
Weighted shares outstanding:
Basic		46,411,632			46,411,632
Diluted		46,493,926			46,493,926

Investment in Unconsolidated Affiliates (Tables) - Silver Legacy Joint Venture

9 Months Ended

Sep. 30, 2015

Summary of information for the Company's equity investment

Summarized information for the Company's investment in and advances to the Silver Legacy Joint Venture as of and for the nine months ended September 30, 2015 and 2014 was as follows (in thousands):

	September 30, 2015		September 30, 2014
	(unaudited)
Beginning balance	$	14,009	$	13,081
Equity in income of unconsolidated affiliate		3,136		2,299
Other comprehensive loss (minimum pension liability adjustment of unconsolidated affiliate)		—		(166	)

Ending balance	$	17,145	$	15,214

Summary of balance sheet information

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

	September 30, 2015		December 31, 2014
	(unaudited)
Current assets	$	43,200	$	30,563
Property and equipment, net		184,319		190,592
Other assets, net		4,935		6,412

Total assets	$	232,454	$	227,567


Current liabilities	$	19,677	$	18,707
Long-term liabilities		86,744		89,322
Partners' equity		126,033		119,538

Total liabilities and partners' equity	$	232,454	$	227,567

Summary of results of operations

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(unaudited)
Net revenues	$	38,028		$	34,447		$	97,665		$	97,540
Operating expenses		(29,953	)		(29,645	)		(82,850	)		(84,667	)

Operating income		8,075			4,802			14,815			12,873
Other expense		(2,801	)		(2,778	)		(8,319	)		(8,273	)

Net income	$	5,274		$	2,024		$	6,496		$	4,600

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2015

Stock-Based Compensation

Schedule of Share-based Compensation, Stock Options, Activity

	Options			Range of Exercise Prices	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life		Aggregate Intrinsic Value
							(in years)		(in millions)
Outstanding as of December 31, 2014		398,200		$2.44 - $16.27	$	7.88
Expired		(86,000	)	$11.30	$	11.30

Outstanding and Exercisable as of September 30, 2015		312,200		$2.44 - $16.27	$	6.94		3.72	$	0.9

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

	RSUs			Weighted-Average Grant Date Fair Value		Weighted-Average Remaining Contractual Life		Aggregate Fair Value
						(in years)		(in millions)
Unvested outstanding as of December 31, 2014		—		$	—		—		—
Granted		778,440		$	4.05
Vested		(89,900	)	$	4.03
Forfeited		—			—

Unvested outstanding as of September 30, 2015		688,540		$	4.05		2.33	$	6.2

Other and Intangible Assets, net (Tables)

9 Months Ended

Sep. 30, 2015

Other and Intangible Assets, net

Schedule of other and intangible assets, net

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

	September 30, 2015			December 31, 2014
	(unaudited)
Goodwill	$	66,826		$	66,826


Gaming licenses (indefinite-lived)	$	482,074		$	482,074
Trade names		6,700			6,700
Customer loyalty program		4,800			4,800

		493,574			493,574
Accumulated amortization trade names		(1,982	)		(547	)
Accumulated amortization customer loyalty programs		(4,800	)		(1,114	)

Total gaming licenses and other intangible assets, net	$	486,792		$	491,913


Land held for development	$	906		$	906
Other		6,298			5,354

Total other assets, net	$	7,204		$	6,260

Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2015

Long-Term Debt

Summary of long-term debt obligations

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

	September 30, 2015			December 31, 2014
	(unaudited)
Senior Notes	$	375,000		$	—
Less: Unamortized debt issuance costs		(9,128	)		—

Net		365,872			—
New Term Loan		423,938			—
Less: Unamortized discount and debt issuance costs		(14,709	)		—

Net		409,229			—
New Revolving Credit Facility		18,000			—
Less: Unamortized debt issuance costs		(2,553	)		—

Net		15,447			—
Resorts Senior Secured Notes		—			168,000
Less: Unamortized discount and debt issuance costs		—			(3,771	)

Net		—			164,229
MTR Second Lien Notes		—			560,664
Add: Unamortized premium		—			50,163

Net		—			610,827
Capital leases		6			35
Less: Current portion		(4,256	)		(32	)

Total long-term debt	$	786,298		$	775,059

Schedule of redemption prices of notes

Year	Percentage
2018		105.250	%
2019		103.500	%
2020		101.750	%
2021 and thereafter		100.000	%

Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value of Financial Instruments

Schedule of assets and liabilities measured at fair value on a recurring basis

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

	September 30, 2015				December 31, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(unaudited)
Financial assets:
Cash and cash equivalents	$	48,751	$	48,751	$	87,604	$	87,604
Restricted and escrow cash		57,100		57,100		8,234		8,234
Advance to Silver Legacy Joint Venture		—		5,622		—		4,911
Financial liabilities:
Senior Notes		365,872		367,500		—		—
New Term Loan		409,229		424,997		—		—
New Revolving Credit Facility		15,447		18,000		—		—
Resorts Senior Secured Notes		—		—		164,229		174,720
MTR Second Lien Notes		—		—		610,827		606,919
Acquisition-related contingent considerations		529		529		524		524

Schedule of change in acquisition-related contingent consideration liabilities

Balance as of December 31, 2014	$	524
Amortization of present value discount(1)		52
Fair value adjustment for change in consideration expected to be paid(2)		38
Settlements		(85	)

Balance as of September 30, 2015	$	529


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

Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2015

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,					Nine Months Ended September 30,
	2015		2014			2015		2014
	(unaudited)					(unaudited)
Net income (loss) available to common stockholders	$	5,399	$	(4,064	)	$	4,030	$	(3,488	)


Weighted average shares outstanding:
Basic		46,516,614		26,075,022			46,509,369		24,242,791


Diluted		46,763,589		26,075,022			46,620,959		24,242,791


Net income (loss) per common share:
Basic	$	0.12	$	(0.16	)	$	0.09	$	(0.14	)


Diluted	$	0.12	$	(0.16	)	$	0.09	$	(0.14	)

Segment Information (Tables)

9 Months Ended

Sep. 30, 2015

Segment Information

Schedule of operating data for reportable segments

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(in thousands, unaudited)						(in thousands, unaudited)
Revenues and expenses
Eldorado Reno
Net operating revenues(a)	$	29,002		$	28,759		$	79,961		$	81,545
Expenses, excluding depreciation		(23,236	)		(25,321	)		(66,756	)		(72,585	)
Loss on sale or disposal of property		(16	)		—			(11	)		—
Acquisition charges		—			(3,845	)		—			(6,298	)
Equity in income of unconsolidated affiliates		2,548			1,238			3,136			3,019
Depreciation		(1,959	)		(1,941	)		(5,833	)		(5,933	)

Operating income (loss)—Eldorado Reno	$	6,339		$	(1,110	)	$	10,497		$	(252	)


Eldorado Shreveport
Net operating revenues	$	34,651		$	34,629		$	103,919		$	102,122
Expenses, excluding depreciation and amortization(a)		(27,012	)		(28,647	)		(81,217	)		(84,389	)
Gain (loss) on sale or disposal of property		64			(3	)		63			(3	)
Depreciation and amortization		(1,902	)		(2,053	)		(5,709	)		(6,335	)

Operating income—Eldorado Shreveport	$	5,801		$	3,926		$	17,056		$	11,395


MTR Gaming
Net operating revenues	$	119,887		$	16,311		$	349,744		$	16,311
Expenses, excluding depreciation and amortization		(94,476	)		(14,442	)		(276,923	)		(14,442	)
Loss on sale or disposal of property		(54	)		—			(54	)		—
Acquisition charges		—			(618	)		(84	)		(618	)
Depreciation and amortization		(9,989	)		(1,289	)		(30,647	)		(1,289	)

Operating income (loss)—MTR Gaming	$	15,368		$	(38	)	$	42,036		$	(38	)


Eldorado Corporate
Expenses, excluding depreciation(a)	$	(2,932	)	$	—		$	(9,456	)	$	—
Acquisition charges		(380	)		—			(633	)		—
Depreciation		(104	)		—			(265	)		—

Operating loss—Eldorado Corporate	$	(3,416	)	$	—		$	(10,354	)	$	—


Total Reportable Segments
Net operating revenues(a)	$	183,540		$	79,699		$	533,624		$	199,978
Expenses, excluding depreciation and amortization(a)		(147,656	)		(68,410	)		(434,352	)		(171,416	)
Loss on sale or disposal of property		(6	)		(3	)		(2	)		(3	)
Acquisition charges		(380	)		(4,463	)		(717	)		(6,916	)
Equity in income of unconsolidated affiliates		2,548			1,238			3,136			3,019
Depreciation and amortization		(13,954	)		(5,283	)		(42,454	)		(13,557	)

Operating income—Total Reportable Segments	$	24,092		$	2,778		$	59,235		$	11,105


Reconciliations to Consolidated Net Income(Loss)
Operating Income—Total Reportable Segments	$	24,092		$	2,778		$	59,235		$	11,105
Unallocated income and expenses:
Interest expense, net		(14,482	)		(5,647	)		(48,946	)		(13,398	)
Loss on early retirement of debt		(1,790	)		—			(1,790	)		—
Provision for income taxes		(2,421	)		(1,195	)		(4,469	)		(1,195	)

Net income (loss)	$	5,399		$	(4,064	)	$	4,030		$	(3,488	)


(a)	Includes intercompany management fee revenues earned by Eldorado Reno and expensed by Eldorado Shreveport amounting to $0.8 million and $2.3 million, respectively, for the three and nine months ended September 30, 2014.

Schedule of capital expenditures for reportable segments

	Nine Months Ended September 30,
	2015		2014
	(in thousands, unaudited)
Capital Expenditures:
Eldorado Reno	$	3,212	$	2,404
Eldorado Shreveport		2,491		1,824
MTR Gaming		18,216		337
Eldorado Corporate		495		—

Total	$	24,414	$	4,565

Reconciliation of total assets by reportable segment to consolidated total assets

	As of September 30, 2015			As of December 31, 2014
	(in thousands)
	(unaudited)
Total Assets:
Eldorado Reno	$	116,069		$	232,559
Eldorado Shreveport		134,556			143,928
Eldorado Corporate		796,107			—
MTR Gaming		874,010			921,726
Eliminating and reclassification entries(a)		(751,797	)		(126,654	)

Total	$	1,168,945		$	1,171,559

Summary of eliminating and reclassification entries

Proceeds from Resorts Senior Secured Notes loaned to Eldorado Shreveport	$	—	$	116,308
Accrued interest on the above intercompany loan		—		418
Intercompany receivables/payables		741,560		130
Reclassification of noncurrent deferred tax assets		947		—
Net investment in and advances to MTR Gaming		5,000		5,000
Net investment in and advances to Eldorado Shreveport		4,290		4,798

Total eliminating and reclassification entries	$	751,797	$	126,654

- Definition

The entire disclosure for any adjustments made during the period to avoid double counting in comprehensive income items displayed as part of net income that also had been displayed as part of other comprehensive income in that period or earlier periods. These adjustments include reclassifications to net income of items in accumulated comprehensive income, such as deferred gains or losses on qualifying hedges when hedged item reported in net income, holding gains or losses on available-for-sale securities transferred into trading category, unrealized holding gains or losses on debt securities transferred from held-to-maturity category into available-for-sale category and accumulated translation adjustment attributable to foreign subsidiary or investment in foreign entity upon sale or liquidation.

+ References + Details

Organization and Basis of Presentation (Details) $ in Millions		9 Months Ended	12 Months Ended
	Sep. 01, 2014 USD ($)	Sep. 30, 2015 item	Dec. 31, 2014 USD ($)	Jul. 07, 2015	Aug. 31, 2014
Organization and Basis of Presentation
Reclassification from Other Assets to a reduction of Long-Term Debt associated with adoption of ASU No. 2015-3			$ 3.8
Galleon \| Silver Legacy Joint Venture
Organization and Basis of Presentation
Ownership interest (as a percent)		50.00%
Resorts
Organization and Basis of Presentation
Ownership interest (as a percent)		48.10%
Resorts \| Silver Legacy Joint Venture
Organization and Basis of Presentation
Ownership interest (as a percent)		48.10%		48.10%
Anticipated ownership acquisition (as a percent)		1.90%
Resorts \| Silver Legacy Joint Venture \| Retained Interest Agreement
Organization and Basis of Presentation
Anticipated ownership acquisition (as a percent)		1.90%
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
Equity Method Investment Distributed Carrying Amount	$ 5.5
Resorts \| Circus Reno-Silver Legacy
Organization and Basis of Presentation
Anticipated ownership acquisition (as a percent)		50.00%
Eldorado Casino Shreveport Joint Venture
Organization and Basis of Presentation
Number of rooms in suite art deco-style hotel \| item		403

MTR Gaming Merger and Purchase Accounting (Details) - USD ($)		3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 19, 2014	Sep. 30, 2014	Sep. 30, 2014	Dec. 31, 2014	Sep. 30, 2015
Consideration Transferred
Escrow shares returned to authorized and unissued (in shares)				25,290
Amounts paid for cash election			$ 30,000,000
Estimated fair values of the assets acquired and liabilities assumed
Goodwill				$ 66,826,000	$ 66,826,000
Pro Forma Information
Net revenues		$ 191,098,000	549,605,000
Net income		$ (1,889,000)	$ 1,950,000
Basic (in dollars per share)		$ (0.04)	$ 0.04
Diluted (in dollars per share)		$ (0.04)	$ 0.04
Basic (in shares)		46,411,632	46,411,632
Diluted (in shares)		46,493,926	46,493,926
MTR Gaming
Acquisition and purchase accounting
Total consideration paid	$ 103,011,000
Outstanding Share Calculation
Number of shares outstanding on the Merger Date	28,386,084
Total shares outstanding-before share repurchase	52,171,465
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	$ 35,000,000
Total ERI shares outstanding at Merger Date	46,386,342
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	102,334,000
Fair value of stock options	$ 677,000
Number of ERI's shares to be received for each outstanding share or vested RSUs of the acquiree's	1
Estimated fair values of the assets acquired and liabilities assumed
Current and other assets	$ 75,031,000
Property and equipment	289,211,000
Goodwill	66,826,000
Intangible assets	473,000,000
Other noncurrent assets	20,381,000
Total assets	924,449,000
Current liabilities	46,446,000
Long-term debt	624,877,000
Deferred income taxes	143,104,000
Other noncurrent liabilities	7,011,000
Total liabilities assumed	821,438,000
Net assets acquired	$ 103,011,000
MTR Gaming \| Members of Resorts
Outstanding Share Calculation
Shares issued (in shares)	23,286,202
Resorts
Outstanding Share Calculation
Ownership interest in combined entity (as a percent)	50.20%
Consideration Transferred
Amounts paid for cash election	$ 5,000,000
MTR Gaming
Outstanding Share Calculation
Ownership interest in combined entity (as a percent)	49.80%
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	$ 30,000,000
MTR Gaming \| Senior Secured Second Lien Notes
Estimated fair values of the assets acquired and liabilities assumed
Long-term debt, gross	$ 570,700,000			$ 560,664,000
MTR Gaming \| Restricted stock units (RSUs)
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

Investment in Unconsolidated Affiliates (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Aug. 31, 2015	Jul. 07, 2015	Sep. 18, 2014	Dec. 16, 2013
Investment in Unconsolidated Affiliates
Par Value per share	$ 0.00001	$ 0.00001		$ 0.00001
Notes receivable	$ 17,145	$ 14,009		$ 17,145
Restricted cash		2,500
Retirement of long-term debt				728,664
Summary of company's equity investment
Equity in income (loss) of unconsolidated affiliate	2,548		$ 1,238	3,136	$ 3,019
Other comprehensive loss (minimum pension liability adjustment of unconsolidated affiliate)			(55)		(166)
Member's distribution					(509)
Silver Legacy Joint Venture
Summary of company's equity investment
Equity in income (loss) of unconsolidated affiliate	$ 2,500			$ 3,100
Other comprehensive loss (minimum pension liability adjustment of unconsolidated affiliate)					(166)
ELLC
Investment in Unconsolidated Affiliates
Ownership interest (as a percent)								50.00%
Galleon \| Silver Legacy Joint Venture
Investment in Unconsolidated Affiliates
Ownership interest (as a percent)	50.00%			50.00%
Collateral deposits		5,000
Restricted cash		2,500
Silver Legacy Joint Venture
Investment in Unconsolidated Affiliates
Collateral deposits						$ 5,000
Summary of company's equity investment
Equity in income (loss) of unconsolidated affiliate			1,000		2,300
Balance sheet information
Current assets	$ 43,200	30,563		$ 43,200
Property and equipment, net	184,319	190,592		184,319
Other assets, net	4,935	6,412		4,935
Total assets	232,454	227,567		232,454
Current liabilities	19,677	18,707		19,677
Long-term liabilities	86,744	89,322		86,744
Partners' equity	126,033	119,538		126,033
Total liabilities and partners' equity	232,454	227,567		232,454
Unaudited results of operations
Net revenues	38,028		34,447	97,665	97,540
Operating expenses	(29,953)		(29,645)	(82,850)	(84,667)
Operating income	8,075		4,802	14,815	12,873
Other expense	(2,801)		(2,778)	(8,319)	(8,273)
Net income (loss)	5,274		2,024	6,496	4,600
Silver Legacy Joint Venture \| New Silver Legacy Credit Facility
Investment in Unconsolidated Affiliates
Principal amount									$ 90,500
Silver Legacy Joint Venture \| Silver Legacy Joint Venture
Summary of company's equity investment
Beginning balance		15,214		14,009	13,081
Equity in income (loss) of unconsolidated affiliate				3,136	2,299
Ending balance	$ 17,145	14,009	$ 15,214	$ 17,145	$ 15,214
Resorts
Investment in Unconsolidated Affiliates
Ownership interest (as a percent)	48.10%			48.10%
Resorts \| Silver Legacy Joint Venture
Investment in Unconsolidated Affiliates
Ownership interest (as a percent)	48.10%			48.10%			48.10%
Equity Method Investment Ownership Percentage Forecasted To Be Acquired				1.90%
Return of collateral deposit		$ 2,500
Retained Interest Agreement \| Resorts \| Silver Legacy Joint Venture
Investment in Unconsolidated Affiliates
Ownership percentage allowed to be acquired							1.90%
Equity Method Investment Ownership Percentage Forecasted To Be Acquired				1.90%

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended	9 Months Ended		12 Months Ended
	Jan. 23, 2015	Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Stock-based compensation expense		$ 300	$ 1,155		$ 0
Common Stock, Shares, Issued		46,444,694	46,444,694		46,444,694
Common Stock, Shares, Outstanding		46,444,694	46,444,694		46,444,694
Common Stock
Authorized Common Stock		100,000,000	100,000,000		100,000,000
Par Value per share		$ 0.00001	$ 0.00001		$ 0.00001
Summary of Stock Option Activity
Proceeds from Stock Options Exercised				$ 115
Restricted stock units (RSUs)
Vesting Period			3 years
Fair Value			$ 4.05
Recognition period of unrecognized compensation cost			2 years 3 months 29 days
Unrecognized Compensation Expense		$ 2,200	$ 2,200
Aggregate Fair Value (in millions)			$ 6,200
Options
Granted (in shares)			778,440
Outstanding at the end of the Period (in shares)		688,540	688,540
Weighted-Average Exercise Price
Weighted- Average Remaining Contractual Life (in years)			2 years 3 months 29 days
Summary of the RSU activity
Granted (in shares)			778,440
Vested			(89,900)
Outstanding at the end of the Period (in shares)		688,540	688,540
Weighted Average Grant Date Fair Value
Granted			$ 4.05
Vested			4.03
Unvested outstanding as of end of period		$ 4.05	$ 4.05
Aggregate Fair Value
Aggregate Fair Value (in millions)			$ 6,200
Stock options.
Vesting Period			3 years
Options
Outstanding at the beginning of the Period (in shares)			398,200
Expired (in shares)			(86,000)
Outstanding at the end of the Period (in shares)		312,200	312,200		398,200
Range of Exercise Price
Lower end of exercise price			$ 2.44		$ 2.44
Upper end of exercise price			16.27		16.27
Weighted-Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)			7.88
Expired (in dollars per share)			11.30
Outstanding at the end of the period (in dollars per share)		$ 6.94	$ 6.94		$ 7.88
Weighted- Average Remaining Contractual Life (in years)			3 years 8 months 19 days
Aggregate Intrinsic Value
Aggregate Intrinsic Value			$ 900
Summary of the RSU activity
Outstanding at the beginning of the Period (in shares)			398,200
Forfeited			86,000
Outstanding at the end of the Period (in shares)		312,200	312,200		398,200
Resorts
Ownership interest (as a percent)		48.10%	48.10%
Minimum
Performance Awards
Performance Period			1 year
Minimum \| Performance Awards
Vesting Period			1 year
Maximum
Performance Awards
Performance Period			2 years
Maximum \| Performance Awards
Vesting Period			2 years
Employee Stock [Member] \| Restricted stock units (RSUs)
Granted (in shares)	685,606
Aggregate Fair Value
Fair value average price	$ 4.03
Non Employee Board Member \| Restricted stock units (RSUs)
Granted (in shares)	89,900
Aggregate Fair Value
Fair value average price	$ 4.03

Other and Intangible Assets, net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Trade names and customer loyalty program
Remainder of 2015	$ 500		$ 500
2016	1,900		1,900
2017	1,900		1,900
2018	400		400
Goodwill	66,826		66,826		$ 66,826
Intangible Assets Gross including Goodwill	493,574		493,574		493,574
Total gaming licenses and other intangible assets, net	486,792		486,792		491,913
Land held for development	906		906		906
Other	6,298		6,298		5,354
Total Other Assets, net	7,204		7,204		6,260
Remainder of 2015	500		500
Amortization expense			42,454	$ 13,786
Trade name
Trade names and customer loyalty program
Intangible assets, excluding goodwill- gross	6,700		6,700		6,700
Accumulated Amortization	(1,982)		$ (1,982)		(547)
Finite-Lived Intangible Asset, Useful Life			3 years 6 months
Customer loyalty program
Trade names and customer loyalty program
Intangible assets, excluding goodwill- gross	4,800		$ 4,800		4,800
Accumulated Amortization	(4,800)		$ (4,800)		(1,114)
Finite-Lived Intangible Asset, Useful Life			1 year
Trade names and the customer loyalty program
Trade names and customer loyalty program
Amortization expense	1,500	$ 200	$ 5,000	$ 1,700
Gaming licenses (Indefinite-lived)
Trade names and customer loyalty program
Intangible assets, excluding goodwill- gross	482,074		482,074		$ 482,074
Gaming licenses (Indefinite-lived) \| Eldorado Shreveport
Trade names and customer loyalty program
Intangible assets, excluding goodwill- gross	20,600		20,600
Gaming licenses (Indefinite-lived) \| Mountaineer, Presque Isle Downs and Scioto Downs
Trade names and customer loyalty program
Intangible assets, excluding goodwill- gross	$ 461,500		$ 461,500

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Taxes
Income tax expense	$ 2,421	$ 1,195	$ 4,469	$ 1,195
Unrecognized Tax Benefits	$ 0		$ 0
Distributions to members				$ 509

Long-Term Debt (Details) $ in Thousands			3 Months Ended		9 Months Ended		12 Months Ended
Long-Term Debt (Details) $ in Thousands	Aug. 01, 2018	Jul. 23, 2015 USD ($)	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Dec. 31, 2014 USD ($)	Sep. 19, 2014 USD ($)	Aug. 01, 2011
Long-term debt
Unamortized premium							$ (3,771)
Long-term Debt, Total							164,229
Capital leases			$ 6		$ 6		35
Less-Current portion			(4,256)		(4,256)		(32)
Long-term debt, noncurrent			786,298		786,298		775,059
Scheduled maturities of long-term debt in 2020			18,000		18,000
Scheduled maturities of long-term debt in 2022			395,300		395,300
Scheduled maturities of long-term debt in 2023			375,000		375,000
Gain (loss) on retirement of debt			(1,790)		(1,790)
Reclassification of unamortized discount and debt issuance cost							3,800
Senior note and new credit facility
Long-term debt
Amortization of Debt Discount (Premium)			700		700
Senior notes, new revolving credit facility and new term loan
Long-term debt
Debt issuance costs and discount					25,200
8.625% Resorts Senior Secured Notes
Long-term debt
Gain (loss) on retirement of debt			(3,600)		(3,600)
Unamortized discount		$ 3,300
Senior Secured Second Lien Notes
Long-term debt
Unamortized premium		$ 43,800
Gain (loss) on retirement of debt			1,800		1,800
Notes
Long-term debt
Percentage of issue price of principal amount		100.00%
Proceeds placed in escrow		$ 50,000
Proceeds from issuance of Senior Notes		$ 375,000
Senior Notes Member
Long-term debt
Long-term debt, gross			375,000		375,000
Unamortized premium			(9,128)		(9,128)
Long-term Debt, Total			365,872		365,872
Interest rate		7.00%
Amortization of deferred financing costs			100	$ 200	500	$ 600
New Term Loan
Long-term debt
Long-term debt, gross			423,938		423,938
Unamortized premium			(14,709)		(14,709)
Long-term Debt, Total			409,229		409,229
New Revolving Credit Facility
Long-term debt
Long-term debt, gross			18,000		18,000
Unamortized premium			(2,553)		(2,553)
Long-term Debt, Total			$ 15,447		$ 15,447
Year beginning August 1, 2018 \| Notes
Long-term debt
Redemption price (as a percent)					105.25%
Year beginning August 1, 2019 \| Notes
Long-term debt
Redemption price (as a percent)					103.50%
Year beginning August 1, 2020 \| Notes
Long-term debt
Redemption price (as a percent)					101.75%
Year beginning August 1, 2021 and thereafter \| Notes
Long-term debt
Redemption price (as a percent)					100.00%
Prior to August 1, 2018 \| Notes
Long-term debt
Percentage of issue price of principal amount		101.00%
Redemption price on notes redeemed (as a percent)		107.00%
Percentage of repurchase		100.00%
Prior to August 1, 2018 \| Senior Notes Member
Long-term debt
Redemption price on notes redeemed (as a percent)					100.00%
Resorts \| 8.625% Resorts Senior Secured Notes
Long-term debt
Long-term debt, gross							168,000
MTR Gaming \| Senior Secured Second Lien Notes
Long-term debt
Long-term debt, gross							560,664	$ 570,700
Unamortized premium							50,163
Long-term Debt, Total							$ 610,827
Issue price as percentage of principal amount									97.00%
Minimum
Long-term debt
Note redemption notice period	30 days
Minimum \| From the closing date through December 31, 2015
Long-term debt
Debt Instrument Covenant Leverage Ratio		2.50
Minimum \| From January 1, 2016 through December 31, 2016
Long-term debt
Debt Instrument Covenant Leverage Ratio		2.75
Minimum \| From January 1, 2017 and thereafter
Long-term debt
Debt Instrument Covenant Leverage Ratio		3.00
Maximum
Long-term debt
Note redemption notice period	60 days
Maximum \| From the closing date through December 31, 2015
Long-term debt
Debt Instrument Covenant Leverage Ratio		6.75
Maximum \| From January 1, 2016 to December 31, 2017
Long-term debt
Debt Instrument Covenant Leverage Ratio		6.00
Maximum \| From January 1, 2018 and thereafter
Long-term debt
Debt Instrument Covenant Leverage Ratio		5.00
Maximum \| Prior to August 1, 2018 \| Notes
Long-term debt
Redemption price (as a percent)		35.00%

Long-Term Debt (Details 2) $ in Millions		9 Months Ended
Long-Term Debt (Details 2) $ in Millions	Jul. 23, 2015 USD ($)	Sep. 30, 2015 USD ($)
From the closing date through December 31, 2015 \| Minimum
Debt instruments
Leverage ratio	2.50
From the closing date through December 31, 2015 \| Maximum
Debt instruments
Leverage ratio	6.75
From January 1, 2016 to December 31, 2017 \| Maximum
Debt instruments
Leverage ratio	6.00
From January 1, 2018 and thereafter \| Maximum
Debt instruments
Leverage ratio	5.00
From January 1, 2016 through December 31, 2016 \| Minimum
Debt instruments
Leverage ratio	2.75
From January 1, 2017 and thereafter \| Minimum
Debt instruments
Leverage ratio	3.00
Senior Notes Member
Debt instruments
Interest rate		8.625%
New Term Loan
Debt instruments
Maximum borrowing capacity	$ 425.0
Term of debt	7 years
Amount outstanding		$ 423.9
Interest rate		4.25%
New Term Loan \| LIBOR
Debt instruments
Spread on variable rate (as a percent)	3.25%
Floor rate (as a percent)	1.00%
New Term Loan \| Base rate
Debt instruments
Spread on variable rate (as a percent)	2.25%
New Revolving Credit Facility
Debt instruments
Maximum borrowing capacity	$ 150.0
Term of debt	5 years
Amount outstanding	$ 40.0	$ 18.0
Available borrowing capacity		$ 132.0
Interest rate		3.25%
Commitment fee on unused portion of the credit facility		0.50%
New Revolving Credit Facility \| LIBOR \| Minimum
Debt instruments
Spread on variable rate (as a percent)	2.50%
New Revolving Credit Facility \| LIBOR \| Maximum
Debt instruments
Spread on variable rate (as a percent)	3.25%
New Revolving Credit Facility \| Base rate \| Minimum
Debt instruments
Spread on variable rate (as a percent)	1.50%
New Revolving Credit Facility \| Base rate \| Maximum
Debt instruments
Spread on variable rate (as a percent)	2.25%
Senior Secured Second Lien Notes
Debt instruments
Interest rate		11.50%

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Financial liabilities:
Long-term debt, total		$ 164,229
Change in acquisition-related contingent consideration liabilities
Notes receivable	$ 17,145	14,009
ELLC \| Level 2
Change in acquisition-related contingent consideration liabilities
Notes receivable	7,500
Carrying Amount
Financial assets:
Cash and cash equivalents	48,751	87,604
Restricted and escrow cash	57,100	8,234
Financial liabilities:
Acquisition-related contingent considerations	529	524
Carrying Amount \| Senior Notes Member
Financial liabilities:
Long-term debt, total	365,872
Carrying Amount \| New Term Loan
Financial liabilities:
Long-term debt, total	409,229
Carrying Amount \| New Revolving Credit Facility
Financial liabilities:
Long-term debt, total	15,447
Carrying Amount \| 8.625% Resorts Senior Secured Notes
Financial liabilities:
Long-term debt, total		164,229
Carrying Amount \| MTR Second Lien Notes
Financial liabilities:
Long-term debt, total		610,827
Fair Value
Financial assets:
Cash and cash equivalents	48,751	87,604
Restricted and escrow cash	57,100	8,234
Advance to Silver Legacy Joint Venture	5,622	4,911
Financial liabilities:
Acquisition-related contingent considerations	529	524
Fair Value \| Senior Notes Member
Financial liabilities:
Long-term debt, total	367,500
Fair Value \| New Term Loan
Financial liabilities:
Long-term debt, total	424,997
Fair Value \| New Revolving Credit Facility
Financial liabilities:
Long-term debt, total	18,000
Fair Value \| 8.625% Resorts Senior Secured Notes
Financial liabilities:
Long-term debt, total		174,720
Fair Value \| MTR Second Lien Notes
Financial liabilities:
Long-term debt, total		$ 606,919
Acquisition-Related Contingent Considerations
Change in acquisition-related contingent consideration liabilities
Balance at the beginning of the period	524
Amortization of present value discount	52
Fair value adjustment for change in consideration expected to be paid	38
Settlements	(85)
Balance at the end of the period	$ 529

Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended
	Jul. 07, 2015	Oct. 31, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net loss available to common stockholders			$ 5,399	$ (4,064)	$ 4,030	$ (3,488)
Shares outstanding:
Basic (in shares)			46,516,614	26,075,022	46,509,369	24,242,791
Diluted (in shares)			46,763,589	26,075,022	46,620,959	24,242,791
Basic (in dollars per share)			$ 0.12	$ (0.16)	$ 0.09	$ (0.14)
Diluted (in dollars per share)			$ 0.12	$ (0.16)	$ 0.09	$ (0.14)
Maximum
Common stock offered to underwriters	$ 80,000
Forecast
Proceeds from issuance of common stock		$ 60,000

Commitments and Contingencies (Details) $ in Thousands					1 Months Ended			3 Months Ended		9 Months Ended
Commitments and Contingencies (Details) $ in Thousands	Feb. 10, 2015 USD ($)	Oct. 21, 2011 item	Apr. 05, 2011 USD ($) item	Feb. 28, 2007 USD ($)	Oct. 31, 2015	Oct. 31, 2005 USD ($) a	Oct. 31, 2004 a	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2015 USD ($) item	Sep. 30, 2014 USD ($)	Dec. 31, 2014 USD ($)
Capital Lease
Capital Lease Obligations								$ 6		$ 6		$ 35
Operating Lease
Loss on sale or disposal of property								(6)	$ (3)	(2)	$ (3)
Regulatory Gaming Assessments
Increase in total estimated liability for assessments										500
Obligations paid										300
Cost of surveillance system				$ 1,900
Write-off of assets replaced				$ 1,500
Default judgement amount to be paid			$ 2,700
Amount to be paid in exchange for release of defendants (except DCE)	$ 700
Number of additional vendors/subcontractors added as co-defendants \| item			5
Number of other racinos in Ohio filing motions for judgment \| item		4
MTR Gaming
Environmental Remediation
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
Regulatory Gaming Assessments
Estimated total obligation for assessments								4,500		4,500		5,000
MTR Gaming \| Subsequent Event
Environmental Remediation
Renewal period of Environmental Risk Insurance Policy					1 year
MTR Gaming \| Initial funding by Pennsylvania General Fund
Regulatory Gaming Assessments
Estimated total proportionate share of assessment upon gaming facilities								2,100		2,100		2,100
MTR Gaming \| Additional funding by Pennsylvania Property Tax Relief Reserve Fund
Regulatory Gaming Assessments
Estimated total proportionate share of assessment upon gaming facilities								4,100		$ 4,100		$ 4,100
Period for quarterly payments of proportionate share of funding for assessments										10 years
The borrowers
Regulatory Gaming Assessments
Borrowings to fund initial development of gaming								99,900		$ 99,900
The borrowers \| Initial funding by Pennsylvania General Fund
Regulatory Gaming Assessments
Borrowings to fund initial development of gaming								36,100		$ 36,100
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
Regulatory Gaming Assessments
Borrowings to fund initial development of gaming								$ 63,800		$ 63,800

Related Parties (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Related Parties
Receivables from related parties	$ 0.4	$ 0.4
Payable to related parties	$ 0.2	$ 0.2

Segment Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
Segment Information (Details) $ in Thousands	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2015 USD ($) item	Sep. 30, 2014 USD ($)	Dec. 31, 2014 USD ($)
Segment information
Number of geographic regions \| item			3
Number of reportable segments \| item			3
Revenues and expenses
Net operating revenues	$ 183,540	$ 78,949	$ 533,624	$ 197,728
(Loss) gain on sale or disposition of property	(6)	(3)	(2)	(3)
Acquisition charges	(380)	(4,463)	(717)	(6,916)
Equity in net income (losses) of unconsolidated affiliate	2,548	1,238	3,136	3,019
Depreciation and amortization	(13,954)	(5,283)	(42,454)	(13,557)
Operating income	24,092	2,778	59,235	11,105
Reconciliations to Consolidated Net Income (Loss)
Operating Income	24,092	2,778	59,235	11,105
Unallocated income and expenses:
Loss on early retirement of debt	(1,790)		(1,790)
Provision for income taxes	(2,421)	(1,195)	(4,469)	(1,195)
Net income (loss)	5,399	(4,064)	4,030	(3,488)
Capital Expenditures			24,414	4,565
Total Assets	1,168,945		1,168,945		$ 1,171,559
Eliminations for the period
Reclassification of noncurrent deferred tax assets			947
Net investment in and advances to other segment	17,145		17,145		14,009
Eldorado Reno
Unallocated income and expenses:
Capital Expenditures			3,212	2,404
Total Assets	116,069		116,069		232,559
Eldorado Shreveport
Unallocated income and expenses:
Capital Expenditures			2,491	1,824
Total Assets	134,556		134,556		143,928
MTR Gaming
Unallocated income and expenses:
Capital Expenditures			18,216	337
Total Assets	874,010		874,010		921,726
Unallocated
Revenues and expenses
Expenses, excluding depreciation and amortization	(2,932)		(9,456)
Acquisition charges	(380)		(633)
Depreciation and amortization	(104)		(265)
Operating income	(3,416)		(10,354)
Reconciliations to Consolidated Net Income (Loss)
Operating Income	(3,416)		(10,354)
Unallocated income and expenses:
Interest expense	(14,482)	(5,647)	(48,946)	(13,398)
Loss on early retirement of debt	(1,790)		(1,790)
Provision for income taxes	(2,421)	(1,195)	(4,469)	(1,195)
Net income (loss)	5,399	(4,064)	4,030	(3,488)
Capital Expenditures			495
Total Assets	796,107		796,107
Operating segment \| Eldorado Reno
Revenues and expenses
Net operating revenues	29,002	28,759	79,961	81,545
Expenses, excluding depreciation and amortization	(23,236)	(25,321)	(66,756)	(72,585)
(Loss) gain on sale or disposition of property	(16)		(11)
Acquisition charges		(3,845)		(6,298)
Equity in net income (losses) of unconsolidated affiliate	2,548	1,238	3,136	3,019
Depreciation	(1,959)	(1,941)	(5,833)	(5,933)
Operating income	6,339	(1,110)	10,497	(252)
Reconciliations to Consolidated Net Income (Loss)
Operating Income	6,339	(1,110)	10,497	(252)
Operating segment \| Eldorado Shreveport
Revenues and expenses
Net operating revenues	34,651	34,629	103,919	102,122
Expenses, excluding depreciation and amortization	(27,012)	(28,647)	(81,217)	(84,389)
(Loss) gain on sale or disposition of property	64	(3)	63	(3)
Depreciation and amortization	(1,902)	(2,053)	(5,709)	(6,335)
Operating income	5,801	3,926	17,056	11,395
Reconciliations to Consolidated Net Income (Loss)
Operating Income	5,801	3,926	17,056	11,395
Operating segment \| MTR Gaming
Revenues and expenses
Net operating revenues	119,887	16,311	349,744	16,311
Expenses, excluding depreciation and amortization	(94,476)	(14,442)	(276,923)	(14,442)
(Loss) gain on sale or disposition of property	(54)		(54)
Acquisition charges		(618)	(84)	(618)
Depreciation and amortization	(9,989)	(1,289)	(30,647)	(1,289)
Operating income	15,368	(38)	42,036	(38)
Reconciliations to Consolidated Net Income (Loss)
Operating Income	15,368	(38)	42,036	(38)
Operating segment \| Total Reportable Segments
Revenues and expenses
Net operating revenues	183,540	79,699	533,624	199,978
Expenses, excluding depreciation and amortization	(147,656)	(68,410)	(434,352)	(171,416)
(Loss) gain on sale or disposition of property	(6)	(3)	(2)	(3)
Acquisition charges	(380)	(4,463)	(717)	(6,916)
Equity in net income (losses) of unconsolidated affiliate	2,548	1,238	3,136	3,019
Depreciation and amortization	(13,954)	(5,283)	(42,454)	(13,557)
Operating income	24,092	2,778	59,235	11,105
Reconciliations to Consolidated Net Income (Loss)
Operating Income	24,092	2,778	59,235	11,105
Eliminating entries
Unallocated income and expenses:
Total Assets	(751,797)		(751,797)		(126,654)
Eliminations for the period
Proceeds from Resorts Senior Secured Notes loaned to Eldorado Shreveport					116,308
Accrued interest on the above intercompany loan					418
Intercompany receivables/payables	741,560		741,560		130
Eliminating entries \| Eldorado Reno
Unallocated income and expenses:
Management fees included in net operating revenue		$ 800		$ 2,300
Eliminating entries \| Eldorado Shreveport
Eliminations for the period
Net investment in and advances to other segment	4,290		4,290		4,798
Eliminating entries \| MTR Gaming
Eliminations for the period
Net investment in and advances to other segment	$ 5,000		$ 5,000		$ 5,000

Pending Acquisitions and Refinancing (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Oct. 31, 2015	Sep. 30, 2015	Jul. 07, 2015
Escrow cash		$ 55,460
Costs associated with the pending acquisitions		600
Circus Reno and Silver Legacy
Ownership interest (as a percent)			50.00%
Credit facility outstanding		$ 80,500
Escrow cash			$ 3,000
Circus Reno and Silver Legacy \| Forecast
Total consideration paid	$ 72,500
Resorts
Ownership interest (as a percent)		48.10%
Resorts \| Silver Legacy Joint Venture
Ownership interest (as a percent)		48.10%	48.10%
Resorts \| Silver Legacy Joint Venture \| Retained Interest Agreement
Ownership percentage allowed to be acquired			1.90%

Subsequent Events (Details) $ in Thousands	1 Months Ended	9 Months Ended
Subsequent Events (Details) $ in Thousands	Oct. 31, 2015 USD ($) a item	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Dec. 31, 2014 USD ($)
Subsequent Events
Investment in and advances to unconsolidated affiliates		$ 17,145		$ 14,009
Estimated cost of Hampton Inn & Suites hotel		$ 24,414	$ 4,565
Vista Host, Inc. \| Columbus Southeast Hotel Group LLC \| Subsequent Event
Subsequent Events
Number of rooms in Hampton Inn & Suites hotel \| item	118
Investment in and advances to unconsolidated affiliates	$ 1,000
Area of land contributed to joint venture \| a	2.4
Estimated cost of Hampton Inn & Suites hotel	$ 15,000