Debt (Tables)

6 Months Ended

Jun. 30, 2012

Debt [Abstract]

Outstanding debt

Detail of Debt (dollars in millions)	Final Maturity		Rate(s) at June 30, 2012	Face Value at June 30, 2012			Book Value at June 30, 2012			Book Value at Dec. 31, 2011
Credit Facilities
Term Loans B1 - B3		2015	3.25% -3.46%	$	1,987.0		$	1,987.0		$	5,000.5
Term Loan B4		2016	9.50%		975.0			957.8			961.2
Term Loan B5		2018	4.50%		1,222.7			1,218.5			1,218.2
Term Loan B6		2018	5.50%		2,035.6			2,018.0			—
Revolving Credit Facility		2014	—		—			—			155.0
Revolving Credit Facility		2017	—		—			—			—
Secured Debt
Senior Secured Notes		2017	11.25%		2,095.0			2,057.3			2,054.6
Senior Secured Notes		2020	8.50%		1,250.0			1,250.0			—
CMBS Financing		2015*	3.24%		4,829.1			4,824.6			5,026.0
Second-Priority Senior Secured Notes		2018	12.75%		750.0			742.5			742.1
Second-Priority Senior Secured Notes		2018	10.00%		4,553.1			2,191.3			2,131.2
Second-Priority Senior Secured Notes		2015	10.00%		214.8			168.7			164.2
Chester Downs term loan		2016	—		—			—			221.3
Chester Downs Senior Secured Notes		2020	9.25%		330.0			330.0			—
PHW Las Vegas Senior Secured Loan		2015*	3.10%		515.6			427.8			417.9
Linq/Octavius Senior Secured Loan		2017	9.25%		450.0			446.2			445.9
Subsidiary-guaranteed Debt
Senior Notes		2016	10.75%		478.6			478.6			478.6
Senior PIK Toggle Notes		2018	10.75%/11.5%		9.2			9.2			8.6
Unsecured Senior Debt
5.375%		2013	5.375%		125.2			112.5			108.6
7.0%		2013	7.00%		0.6			0.6			0.6
5.625%		2015	5.625%		364.5			296.9			287.7
6.5%		2016	6.50%		248.7			195.5			190.6
5.75%		2017	5.75%		147.9			105.8			107.2
Floating Rate Contingent Convertible Senior Notes		2024	0.57%		0.2			0.2			0.2
Other Unsecured Borrowings
Special improvement district bonds		2037	5.30%		64.3			64.3			65.7
Other		Various	Various		28.9			28.9			0.4
Capitalized Lease Obligations		to 2014	1.10%-9.49%		31.4			31.4			13.6
Total debt					22,707.4			19,943.6			19,799.9
Current portion of long-term debt					(46.2	)		(42.8	)		(40.4	)
Long-term debt				$	22,661.2		$	19,900.8		$	19,759.5

* Assumes the exercise of extension options to move the maturity from 2013 to 2015, subject to certain conditions.