Investment In and Advances to Unconsolidated Affiliates

6 Months Ended

Jun. 30, 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 unaudited condensed consolidated statements of income.

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Net revenues	$	40,206	$	38,924	$	79,491	$	77,770
Operating expenses		27,924		28,352		55,582		57,190
Income from operations		12,282		10,572		23,909		20,580
Net income	$	12,282	$	10,572	$	23,909	$	20,580
Net income attributable to Penn	$	6,141	$	5,286	$	11,955	$	10,290