Investment In Unconsolidated Affiliates

6 Months Ended

Jun. 30, 2017

Investment In Unconsolidated Affiliates

Investment In Unconsolidated Affiliates

11. Investment in Unconsolidated Affiliates

The Company has a 50% investment in Kansas Entertainment, which is a joint venture with International Speedway Corporation (“International Speedway”). Kansas Entertainment owns Hollywood Casino at Kansas Speedway which is a Hollywood themed facility featuring 244,791 of property square footage with 2,000 slot machines, 41 table games and 12 poker tables, a 1,253 space parking structure, as well as a variety of dining and entertainment facilities.  For the year ended December 31, 2016 (and expected for the year ending December 31, 2017), the Company’s investment in Kansas Entertainment met the requirements of S-X Rule 4-08(g) to provide summarized financial information.  The following table provides summary income statement information for Kansas Entertainment as required under S-X Rule 1-02(bb) for the comparative periods presented in the Company’s condensed consolidated statements of income.

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Net revenues	$	38,924	$	37,872	$	77,770	$	77,754
Operating expenses		28,352		30,384		57,190		60,829
Income from operations		10,572		7,488		20,580		16,925
Net income	$	10,572	$	7,488	$	20,580	$	16,925
Net income attributable to Penn	$	5,286	$	3,744	$	10,290	$	8,462