Write-downs, Reserves, and Project Opening Costs, net of Recoveries

9 Months Ended

Sep. 30, 2014

Write-downs, Reserves, and Project Opening Costs, net of Recoveries [Abstract]

Write-downs, Reserves, and Project Opening Costs, net of Recoveries



	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2014		2013		2014		2013
Write-downs, reserves, and project opening costs, net of recoveries	$	19.2	$	0.5	$	95.1	$	44.7

Write-downs, reserves, and project opening costs, net of recoveries include project opening costs and various pre-tax charges to record contingent liability reserves, costs associated with efficiency projects, project write-offs, demolition costs, and other non-routine transactions, net of recoveries of previously recorded non-routine reserves.

As described in Note 4, "Dispositions, Divestitures, and Other Property Matters," during the nine months ended September 30, 2014, we recognized a $41.4 million liability as a result of the new Iowa Dog Racing Legislation. In addition, we incurred project opening costs associated with our renovation of The Cromwell in Las Vegas and construction of Horseshoe Baltimore. Costs incurred during the nine months ended September 30, 2013, primarily related to a previously halted development project and land lease obligations in Biloxi, Mississippi.