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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases
Fixed rent payments under the Entertainment Village Lease are represented in the table below:

Year ending December 31,
Fixed Rent Payments due by Period
 
(in thousands)
2017 (1)(2)
$0
2018 (2)
50

2019 (2)
150

2020 (2)
150

2021 (2)
150

2022 to 2056 (2) (3)
7,825


(1)
From the date the Entertainment Village Lease commenced (the “Entertainment Village Lease Commencement Date”) and until the date on which the Entertainment Village opens for business, which is expected to be September 2018 (the “Entertainment Village Opening Date”), fixed rent payments shall equal $0.
(2)
From the Entertainment Village Opening Date and continuing for the 10 years thereafter, fixed rent shall equal $150,000 per year.
(3)
From September 2028 through the remainder of the term of the Entertainment Village Lease, fixed rent shall equal $250,000 per year.
Under the Golf Course Lease, there is no percentage rent due. Fixed rent payments under the Golf Course Lease are represented in the table below:

Year ending December 31,
Fixed Rent Payments due by Period
 
(in thousands)
2017 (1)(2)
$0
2018 (2)
0

2019 (2)
125

2020 (2)
150

2021 (2)
150

2022 to 2056 (2) (3)
7,825


(1)
From the date the Golf Course Lease commenced (the “Golf Course Lease Commencement Date”) and until the date on which the Golf Course opens for business, which is expected to be in Spring 2018 (the “Golf Course Opening Date”), fixed rent payments shall equal $0.
(2)
From the Golf Course Opening Date and continuing for the 10 years thereafter, fixed rent shall equal $150,000 per
year.
(3)
From March 2029 through the remainder of the term of the Golf Course Lease, fixed rent shall equal $250,000 per year.
The following table represents the minimum lease payments:
 
 
Payments due by Period
 
 
 
Year ending December 31,
 
Total Lease Payments
 
 
(in thousands)
 
 
 
2017
 
$
10,000

2018
 
10,550

2019
 
7,775

2020
 
7,800

2021
 
8,300

2022 to 2056
 
370,274

Total
 
$
414,699

 
 
 
The following table represents the fixed rent payments under the Casino Lease:

Year ending December 31,
Fixed Rent Payments due by Period
 
(in thousands)
2017 (1) (2)
$10,000
2018 (2) (3)
10,500

2019 (3)
7,500

2020 (3)
7,500

2021 (3)
8,000

2022 to 2056 (3)
354,624


(1)
Until February 29, 2016, the Company continued to make payments of $500,000 per month it would have made under the Original Option Agreement. From March 1, 2016 until February 28, 2017, option payments made by the Company under the Original Option Agreement, which totaled $8.5 million, were applied against fixed rent due by the Company under the Casino Lease for such period.
(2)
From March 1, 2017 through August 31, 2018, fixed rent will be $1 million per month.
(3)
From September 1, 2018 through the remainder of the term of the Casino Lease, fixed rent shall equal $7.5 million per year, subject to an eight percent escalation every five years ("Base Amount").