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Segment Information (Tables)
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2017
 
2016
 
2017
 
2016
Net revenue from external customers:
 
 
 
 
 
 
 
Racing:
 
 
 
 
 
 
 
Churchill Downs
$
8.1

 
$
8.7

 
$
147.1

 
$
140.1

Arlington
25.0

 
24.0

 
51.5

 
49.8

Fair Grounds
5.0

 
5.1

 
27.5

 
28.9

Calder
0.7

 
0.7

 
1.9

 
2.0

Total Racing
38.8

 
38.5

 
228.0

 
220.8

Casinos:
 
 
 
 
 
 
 
Oxford Casino
25.2

 
24.4

 
69.2

 
65.4

Riverwalk Casino
12.2

 
10.6

 
35.7

 
35.7

Harlow’s Casino
12.3

 
11.7

 
38.3

 
36.6

Calder Casino
19.4

 
19.0

 
62.6

 
59.8

Fair Grounds Slots
8.7

 
8.5

 
27.7

 
27.9

VSI
9.3

 
8.6

 
28.8

 
27.9

Saratoga
0.4

 
0.2

 
1.0

 
0.6

Total Casinos
87.5

 
83.0

 
263.3

 
253.9

TwinSpires
65.9

 
55.1

 
198.4

 
173.1

Big Fish Games:
 
 
 
 
 
 
 
Social casino
53.4

 
44.3

 
149.1

 
138.3

Casual and mid-core free-to-play
46.1

 
56.1

 
135.3

 
162.5

Premium
18.4

 
21.9

 
58.1

 
68.8

Total Big Fish Games
117.9

 
122.3

 
342.5

 
369.6

Other Investments
4.7

 
4.5

 
14.0

 
12.9

Net revenue from external customers
$
314.8

 
$
303.4

 
$
1,046.2

 
$
1,030.3



 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2017
 
2016
 
2017
 
2016
Intercompany net revenue:
 
 
 
 
 
 
 
Racing:
 
 
 
 
 
 
 
Churchill Downs
$
0.9

 
$
0.9

 
$
9.6

 
$
8.2

Arlington
2.2

 
1.9

 
5.1

 
4.5

Fair Grounds

 

 
1.0

 
1.0

Total Racing
3.1

 
2.8

 
15.7

 
13.7

TwinSpires
0.2

 
0.4

 
0.8

 
1.0

Other Investments
1.0

 
0.7

 
3.7

 
3.0

Eliminations
(4.3
)
 
(3.9
)
 
(20.2
)
 
(17.7
)
Intercompany net revenue
$

 
$

 
$

 
$

Schedule of Segment Reporting Information, by Segment [Table Text Block]
Adjusted EBITDA by segment is comprised of the following:
 
Three Months Ended September 30, 2017
(in millions)
Racing
 
Casinos
 
TwinSpires
 
Big Fish
Games
 
Other Investments
 
Corporate
Net revenue
$
41.9

 
$
87.5

 
$
66.1

 
$
117.9

 
$
5.7

 
$

 
 
 
 
 
 
 
 
 
 
 
 
Taxes & purses
(11.2
)
 
(28.9
)
 
(4.5
)
 

 

 

Platform & development fees

 

 

 
(42.1
)
 

 

Marketing & advertising
(1.0
)
 
(3.1
)
 
(1.1
)
 
(31.8
)
 

 

Salaries & benefits
(10.3
)
 
(13.5
)
 
(2.3
)
 
(6.8
)
 
(2.9
)
 

Content expense
(3.8
)
 

 
(30.9
)
 

 

 

SG&A expense
(3.9
)
 
(5.5
)
 
(3.2
)
 
(5.3
)
 
(0.8
)
 
(2.2
)
Research & development

 

 

 
(9.7
)
 

 

Other operating expense
(10.1
)
 
(9.8
)
 
(5.3
)
 
(4.0
)
 
(1.1
)
 
0.1

Other income (expense)
0.1

 
12.8

 

 
(1.2
)
 
0.2

 

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBITDA
$
1.7

 
$
39.5

 
$
18.8

 
$
17.0

 
$
1.1

 
$
(2.1
)

 
Three Months Ended September 30, 2016
(in millions)
Racing
 
Casinos
 
TwinSpires
 
Big Fish
Games
 
Other Investments
 
Corporate
Net revenue
$
41.3

 
$
83.0

 
$
55.5

 
$
122.3

 
$
5.2

 
$

 
 
 
 
 
 
 
 
 
 
 
 
Taxes & purses
(11.2
)
 
(28.1
)
 
(4.0
)
 

 

 

Platform & development fees

 

 

 
(45.2
)
 

 

Marketing & advertising
(1.1
)
 
(3.0
)
 
(1.0
)
 
(26.3
)
 

 

Salaries & benefits
(10.3
)
 
(13.4
)
 
(2.3
)
 
(6.2
)
 
(2.7
)
 

Content expense
(3.9
)
 

 
(26.0
)
 

 

 

SG&A expense
(4.0
)
 
(5.4
)
 
(3.0
)
 
(4.4
)
 
(0.9
)
 
(2.2
)
Research & development

 

 

 
(8.8
)
 

 

Other operating expense
(10.5
)
 
(10.0
)
 
(4.5
)
 
(3.9
)
 
(0.9
)
 
(0.2
)
Other income (expense)
0.1

 
7.3

 

 
(0.3
)
 
0.1

 

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBITDA
$
0.4


$
30.4

 
$
14.7

 
$
27.2

 
$
0.8


$
(2.4
)

 
Nine Months Ended September 30, 2017
(in millions)
Racing
 
Casinos
 
TwinSpires
 
Big Fish
Games
 
Other Investments
 
Corporate
Net revenue
$
243.7

 
$
263.3

 
$
199.2

 
$
342.5

 
$
17.7

 
$

 
 
 
 
 
 
 
 
 
 
 
 
Taxes & purses
(54.3
)
 
(87.7
)
 
(11.6
)
 

 

 

Platform & development fees

 

 

 
(124.0
)
 

 

Marketing & advertising
(3.9
)
 
(9.1
)
 
(6.7
)
 
(84.3
)
 

 

Salaries & benefits
(32.4
)
 
(40.0
)
 
(7.1
)
 
(20.7
)
 
(9.1
)
 

Content expense
(11.7
)
 

 
(96.5
)
 

 

 

SG&A expense
(11.9
)
 
(16.3
)
 
(8.9
)
 
(15.1
)
 
(2.3
)
 
(6.2
)
Research & development

 

 

 
(29.9
)
 

 

Other operating expense
(39.4
)
 
(31.0
)
 
(17.1
)
 
(11.3
)
 
(3.6
)
 
(0.4
)
Other income (expense)
0.6

 
33.1

 

 
(1.6
)
 
0.3

 

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBITDA
$
90.7

 
$
112.3

 
$
51.3

 
$
55.6

 
$
3.0

 
$
(6.6
)

 
Nine Months Ended September 30, 2016
(in millions)
Racing
 
Casinos
 
TwinSpires
 
Big Fish
Games
 
Other Investments
 
Corporate
Net revenue
$
234.5

 
$
253.9

 
$
174.1

 
$
369.6

 
$
15.9

 
$

 
 
 
 
 
 
 
 
 
 
 
 
Taxes & purses
(52.7
)
 
(84.6
)
 
(8.8
)
 

 

 

Platform & development fees

 

 

 
(135.2
)
 

 

Marketing & advertising
(3.8
)
 
(9.5
)
 
(5.2
)
 
(106.2
)
 

 

Salaries & benefits
(31.4
)
 
(38.2
)
 
(6.9
)
 
(18.4
)
 
(8.2
)
 

Content expense
(12.0
)
 

 
(83.4
)
 

 

 

SG&A expense
(11.9
)
 
(15.8
)
 
(8.6
)
 
(13.6
)
 
(2.5
)
 
(6.2
)
Research & development

 

 

 
(29.3
)
 

 

Other operating expense
(38.8
)
 
(29.4
)
 
(15.6
)
 
(11.8
)
 
(2.6
)
 
(0.5
)
Other income (expense)
0.4

 
21.6

 

 
(1.2
)
 
0.3

 

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBITDA
$
84.3

 
$
98.0

 
$
45.6

 
$
53.9

 
$
2.9

 
$
(6.7
)

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2017
 
2016
 
2017
 
2016
Reconciliation of Comprehensive Income to Adjusted EBITDA:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income
$
17.3

 
$
8.7

 
$
102.5

 
$
81.5

Foreign currency translation, net of tax
(0.5
)
 

 
(0.1
)
 
(0.2
)
Change in pension benefits, net of tax
(0.1
)
 

 
(0.1
)
 

Net income
16.7

 
8.7

 
102.3

 
81.3

Additions:
 
 
 
 
 
 
 
Depreciation and amortization
24.0

 
27.5

 
73.3

 
81.4

Interest expense
12.6

 
11.1

 
36.0

 
32.8

Income tax provision
11.6

 
11.7

 
63.6

 
49.6

EBITDA
64.9

 
59.0

 
275.2

 
245.1

 
 
 
 
 
 
 
 
Adjustments to EBITDA:
 
 
 
 
 
 
 
Operating income:
 
 
 
 
 
 
 
Stock-based compensation expense
5.8

 
4.9

 
17.5

 
14.3

Other charges
0.4

 
3.1

 
0.5

 
3.4

Other income, expense:
 
 
 
 
 
 
 
Interest, depreciation and amortization expense related to equity investments
4.0

 
2.5

 
10.6

 
7.5

Other charges and recoveries, net

 

 

 
0.4

Acquisition expense, net
0.7

 
1.1

 
1.7

 
4.9

Calder exit costs
0.2

 
0.5

 
0.8

 
2.4

Total adjustments to EBITDA
11.1

 
12.1

 
31.1

 
32.9

Adjusted EBITDA
$
76.0

 
$
71.1

 
$
306.3

 
$
278.0

 
 
 
 
 
 
 
 
Adjusted EBITDA by segment:
 
 
 
 
 
 
 
Racing
$
1.7

 
$
0.4

 
$
90.7

 
$
84.3

Casinos
39.5

 
30.4

 
112.3

 
98.0

TwinSpires
18.8

 
14.7

 
51.3

 
45.6

Big Fish Games
17.0

 
27.2

 
55.6

 
53.9

Other Investments
1.1

 
0.8

 
3.0

 
2.9

Corporate
(2.1
)
 
(2.4
)
 
(6.6
)
 
(6.7
)
Adjusted EBITDA
$
76.0

 
$
71.1

 
$
306.3

 
$
278.0

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2017
 
2016
 
2017
 
2016
Casinos
$
8.7

 
$
4.8

 
$
22.5

 
$
13.6

Other Investments
0.2

 
0.1

 
0.2

 
(0.1
)
 
$
8.9

 
$
4.9

 
$
22.7

 
$
13.5

Reconciliation of Assets from Segment to Consolidated
(in millions)
September 30, 2017
 
December 31, 2016
Total assets:
 
 
 
Racing
$
463.7

 
$
454.6

Casinos
675.1

 
628.7

TwinSpires
213.0

 
209.9

Big Fish Games
902.8

 
893.8

Other Investments
11.9

 
11.1

Corporate
60.9

 
56.3

 
$
2,327.4

 
$
2,254.4

 
Nine Months Ended September 30,
(in millions)
2017
 
2016
Capital expenditures:
 
 
 
Racing
$
47.8

 
$
23.4

Casinos
26.0

 
9.7

TwinSpires
7.3

 
5.4

Big Fish Games
5.6

 
3.6

Other Investments
1.3

 
0.8

Corporate
1.1

 
1.2

 
$
89.1

 
$
44.1