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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Fair Value of Liabilities Measured on Recurring Basis
The following table presents a summary of fair value measurements by level for certain liabilities measured at fair value on a recurring basis in the unaudited Condensed Consolidated Balance Sheets:
 
 
 
Fair Value Measurements Using:
 
Total Fair Value
 
Level 1
 
Level 2
 
Level 3
 
(in millions)
As of June 30, 2014
 
Liabilities:
 
 
 
 
 
 
 
Deferred compensation
$
0.6

 
$
0.6

 
$

 
$

As of December 31, 2013
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Deferred compensation
$
0.8

 
$
0.8

 
$

 
$



Fair Value Measurements Not Measured on a Recurring Basis
The following table presents a summary of fair value measurements by level for certain financial instruments not measured at fair value on a recurring basis in the unaudited Condensed Consolidated Balance Sheets for which it is practicable to estimate fair value:
 
 
 
 
 
Fair Value Measurements Using:
 
Total Carrying Value
 
Total Fair Value
 
Level 1
 
Level 2
 
Level 3
As of June 30, 2014
(in millions)
Assets:
 
 
 
 
 
 
 
 
 
Held-to-maturity securities
$
14.8

 
$
30.1

 
$

 
$
26.7

 
$
3.4

Promissory notes
$
10.7

 
$
17.6

 
$

 
$
17.6

 
$

Liabilities:
 
 
 
 
 
 
 
 
 
Long-term debt
$
4,109.5

 
$
4,272.3

 
$

 
$
4,272.3

 
$

As of December 31, 2013
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
Held-to-maturity securities
$
14.8

 
$
30.1

 
$

 
$
26.7

 
$
3.4

Promissory notes
$
9.5

 
$
16.5

 
$

 
$
16.5

 
$

Liabilities:
 
 
 
 
 
 
 
 
 
Long-term debt
$
4,380.1

 
$
4,511.9

 
$

 
$
4,511.9

 
$



Land, buildings, vessels and equipment
The following table presents a summary of our land, buildings, vessels and equipment:
 
June 30,
2014
 
December 31,
2013
 
(in millions)
Land, buildings, vessels and equipment:
 

 
 

Land and land improvements
$
391.7

 
$
391.7

Buildings, vessels and improvements
2,633.6

 
2,492.2

Furniture, fixtures and equipment
691.7

 
633.1

Construction in progress
109.4

 
175.6

Land, buildings, vessels and equipment, gross
3,826.4

 
3,692.6

Less: accumulated depreciation
(757.6
)
 
(656.1
)
Land, buildings, vessels and equipment, net
$
3,068.8

 
$
3,036.5


Schedule of Complimentary Revenue
Complimentary revenues that have been excluded from the accompanying unaudited Condensed Consolidated Statements of Operations were as follows:

 
For the three months ended June 30,
 
For the six months ended June 30,
 
2014
 
2013
 
2014
 
2013
 
(in millions)
Food and beverage
$
33.7

 
$
17.2

 
$
66.9

 
$
33.6

Lodging
15.1

 
7.5

 
31.1

 
14.4

Other
4.4

 
2.9

 
8.2

 
5.6

Total promotional allowances
$
53.2

 
$
27.6

 
$
106.2

 
$
53.6

The cost to provide such complimentary benefits were as follows:

 
For the three months ended June 30,
 
For the six months ended June 30,

 
2014
 
2013
 
2014
 
2013
 
(in millions)
Promotional allowance costs included in gaming expense
$
39.3

 
$
20.0

 
$
77.4

 
$
40.4

Gaming Taxes Table
 
For the three months ended June 30,
 
For the six months ended June 30,

 
2014
 
2013
 
2014
 
2013
 
(in millions)
Gaming taxes
$
141.5

 
$
68.7

 
$
274.3

 
$
138.8

Pre-opening and Development Costs Table
Pre-opening and Development Costs: Pre-opening and development costs are expensed as incurred. Pre-opening and development costs consist of the following:
 
For the three months ended June 30,
 
For the six months ended June 30,

 
2014
 
2013
 
2014
 
2013
 
(in millions)
Ameristar acquisition (1)
$
2.0

 
$
16.6

 
$
2.4

 
$
23.3

Belterra Park (2)
4.7

 
0.1

 
7.4

 
0.3

Other
0.2

 
0.5

 
0.5

 
1.2

Total pre-opening and development costs
$
6.9

 
$
17.2

 
$
10.3

 
$
24.8