Investment In and Advances to Unconsolidated Affiliates

3 Months Ended

Mar. 31, 2018

Investment In and Advances to Unconsolidated Affiliates

Investment In Unconsolidated Affiliates

9. Investment in Unconsolidated Affiliates

The Company has a 50% investment in Kansas Entertainment, which is a joint venture with International Speedway Corporation. 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, 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 March 31,
	2018		2017
Net revenues	$	39,285	$	38,846
Operating expenses		27,658		28,838
Income from operations		11,627		10,008
Net income	$	11,627	$	10,008
Net income attributable to Penn	$	5,814	$	5,004