XML 60 R44.htm IDEA: XBRL DOCUMENT v3.8.0.1
Equity Investments (Tables)
 12 Months Ended
Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Schedules of equity method investments
As of December 31, 2017, we owned the following financial instruments of NYX:
Financial Instrument
Number of Shares
Investment cost
Fair value as of December 31, 2017
Change in fair value loss (gain)
Fair value hierarchy level
Ordinary shares
39.0

$
73.2

$
73.2

$
—

Level 1
Class A exchangeable preferred shares, warrants and other(1)
n/a

18.7

17.2

1.5

Level 2(2)
   Total
n/a

$
91.9

$
90.4

$
1.5

n/a
(1)
Includes 40,000 of Class A preferred shares exchangeable for 9,174,364 ordinary shares and warrants to acquire 3,535,178 ordinary shares.
(2)
The value principally relates to the exchangeable preferred shares, which were valued using quoted market prices for similar securities.
See the tables below for details of our equity investments:
Equity Investment
Purpose
Term
Ownership Interest
Segment
LNS (1)
Exclusive operator of Italian instant game lottery
Initial term of nine years beginning October 2010, which was subsequently extended for up to nine years (September 2028).
20%
Lottery
Northstar IL (2)
Private manager of Illinois lottery under a PMA
10 years beginning January 2011, see below
20%
Lottery
Northstar NJ (3)
Provision of marketing and sales services to New Jersey Lottery
October 1, 2013 through 2029
17.69%
Lottery
Northstar SupplyCo New Jersey LLC (NJ SupplyCo)
Separate agreement under which we provide instant games to Northstar NJ
October 1, 2013 through 2029
30%
Lottery
NYX
Leading digital gaming software supplier for interactive, social and mobile gaming worldwide. Non-controlling interest acquired as a part of step acquisition.

n/a
36%
Unallocated (Corporate)
(1) Other members of consortium are Lottomatica Holdings, S.r.l. and Arianna 2001. LNS succeeded Consorzio Lotterie Nazionali, a consortium comprised of essentially the same group that owns LNS, as holder of the concession as the exclusive operator of the Italian Gratta e Vinci instant game lottery.
(2) Other member of Northstar Illinois is IGT Global Solutions Corporation, a subsidiary of IGT.
(3) Other members are IGT Global Solutions Corporation and a subsidiary of the administrator of the Ontario Municipal Employees Retirement System, this agreement provides us substantive participating rights.

 
Equity investment Balance as of
December 31,
 
Equity earnings (loss) recognized
for the Year Ended
December 31,
 
Cash distributions and dividends received
for the Year Ended
December 31,
Equity Investment
2017
 
2016
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
LNS
$
75.1

 
$
80.0

 
$
14.3

 
$
14.0

 
$
14.8

 
$
40.4

 
$
34.3

 
$
31.5

Northstar IL
—

 
—

 
2.8

 
(0.4
)
 
(2.7
)
 
—

 
—

 
—

Northstar NJ and NJ Supply Co
21.2

 
24.8

 
0.9

 
1.0

 
(4.0
)
 
4.6

 
4.8

 
—

GLB and CSG
35.3

 
38.3

 
(0.1
)
 
(8.0
)
 
3.5

 
5.0

 
1.7

 
4.7

International Terminal Leasing
8.1

 
12.3

 
0.8

 
—

 
1.0

 
5.6

 
5.9

 
10.0

Other
23.8

 
24.5

 
8.0

 
6.4

 
4.3

 
11.7

 
5.0

 
17.4

Total under equity method
$
163.5

 
$
179.9

 
$
26.7

 
$
13.0

 
$
16.9

 
$
67.3

 
$
51.7

 
$
63.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NYX
90.4

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total equity investment
$
253.9

 
$
179.9

 
$
26.7

 
$
13.0

 
$
16.9

 
$
67.3

 
$
51.7

 
$
63.6

 
Revenue recognized from sales to investee for the Year Ended December 31,
Equity Investment
2017
 
2016
 
2015
LNS
$
44.9

 
$
45.3

 
$
46.6

Northstar IL
22.8

 
22.6

 
20.8

Northstar NJ and NJ Supply Co
20.6

 
20.9

 
18.3

Other
6.7

 
4.9

 
6.0

Total
$
95.0

 
$
93.7

 
$
91.7