XML 53 R41.htm IDEA: XBRL DOCUMENT v3.24.3
Business and Operations - Morgantown, Casino Queen, Rockford and Tioga Leases (Details)
3 Months Ended 9 Months Ended
Sep. 20, 2024
USD ($)
Jun. 03, 2024
USD ($)
Feb. 06, 2024
USD ($)
renewaloption
Sep. 06, 2023
USD ($)
Aug. 29, 2023
USD ($)
Jun. 28, 2022
USD ($)
Mar. 01, 2022
USD ($)
Dec. 06, 2021
USD ($)
Nov. 25, 2020
USD ($)
Oct. 01, 2020
renewaloption
Jun. 30, 2024
USD ($)
Sep. 30, 2024
USD ($)
Dec. 29, 2021
Dec. 17, 2021
Jun. 03, 2021
renewaloption
Oct. 01, 2018
Rockford Loan | Secured Debt                                
Business and Operations                                
Line of credit facility, maximum borrowing capacity         $ 150,000,000                      
Debt instrument, interest rate, stated percentage         10.00%                      
Debt Instrument, Term Including Extension         6 years                      
Debt instrument, term         5 years                      
Debt Instrument, Extension Term         1 year                      
Long-term Line of Credit                       $ 150,000,000        
Ione Loan | Secured Debt                                
Business and Operations                                
Line of credit facility, maximum borrowing capacity $ 110,000,000                              
Debt instrument, interest rate, stated percentage 11.00%                              
Debt instrument, term 5 years                              
Long-term Line of Credit                       $ 13,700,000        
Casino Queen Marquette                                
Business and Operations                                
Payments to acquire real estate, excluding transaction costs       $ 32,720,000                        
Rockford, IL                                
Business and Operations                                
Payments to acquire real estate, excluding transaction costs         $ 100,000,000                      
The Cordish Companies                                
Business and Operations                                
Payments to acquire real estate, excluding transaction costs               $ 1,810,000,000                
ARE's Tioga Downs                                
Business and Operations                                
Payments to acquire real estate, excluding transaction costs     $ 175,000,000                          
Hollywood Casino Baton Rouge                                
Business and Operations                                
Proceeds from Sale of Property Held-for-sale                 $ 28,200,000              
Morgantown Lease                                
Business and Operations                                
Asset Acquisition, Rent Credits Transferred                     $ 30,000,000          
Operating lease, initial term of contract (in years)                   20 years            
Operating leases, number of renewal options | renewaloption                   6            
Operating lease, renewal term (in years)                   5 years            
Operating Lease, Rent Escalator, Year 1 through 3                   1.50%            
Operating lease covenant, CPI increase                   0.50%            
Operating lease covenant, rent increase                   1.25%            
No rent increase CPI covenant                   0.50%            
Annual rent escalator, percentage                   1.50%            
Casino Queen Master Lease                                
Business and Operations                                
Operating lease, initial term of contract (in years)                           15 years    
Operating leases, number of renewal options | renewaloption                             4  
Operating lease, renewal term (in years)                               5 years
Operating lease covenant, CPI increase                 0.25%              
Operating lease covenant, rent increase                 1.25%              
No rent increase CPI covenant                 0.25%              
Operating Lease, Rent Escalator, Year 1 through 6                 0.50%     50.00%        
Yield   9.00%             8.25%              
Casino Queen Master Lease | Marquette, IA                                
Business and Operations                                
Maximum funding commitment       12,500,000                        
Casino Queen Master Lease | Baton Rouge, LA [Member]                                
Business and Operations                                
Maximum funding commitment   $ 111,000,000                            
Amount funded                       $ 15,000,000        
Casino Queen Master Lease- Marquette                                
Business and Operations                                
Amount of rent available upon annual rent escalator       $ 2,700,000                        
Tioga Downs Lease                                
Business and Operations                                
Operating lease, initial term of contract (in years)     30 years                          
Operating leases, number of renewal options | renewaloption     2                          
Operating lease, renewal term (in years)     10 years                          
Operating Lease, Rent Escalator, Years 1 through 14     1.75%                          
Operating Lease, Rent Escalator, Years 15 and After     2.00%                          
Rockford Lease                                
Business and Operations                                
Operating lease, initial term of contract (in years)         99 years                      
Amount of rent available upon annual rent escalator           $ 8,000,000                    
Annual rent escalator, percentage         2.00%                      
PA Live! Master Lease                                
Business and Operations                                
Payments to acquire real estate, excluding transaction costs             $ 689,000,000                  
Annual rent escalator, percentage                       175.00%        
Live! Casino Maryland Lease                                
Business and Operations                                
Operating lease, initial term of contract (in years)                         39 years      
Annual rent escalator, percentage                       1.75%        
Live! Casino Maryland Lease | Maximum                                
Business and Operations                                
Operating lease, initial term of contract (in years)                         60 years      
Live! Casino Maryland and PA Leases                                
Business and Operations                                
Annual rent escalator, percentage             1.75%                  
ARE Tioga Downs Master Lease                                
Business and Operations                                
Amount of rent available upon annual rent escalator     $ 14,500,000