Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING - Net Income (Loss) to Total Adjusted EBITDA (Details)

Betfred-casino review_Condensed Consolidated v3.20.2
betfred games
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Segment Reporting Information [Line Items]        
Net income (loss) $ (108.1) $ 160.8 $ (156.7) $ 138.7
Interest expense, net (68.7) (26.1) (99.7) (51.2)
Income tax benefit (expense) 24.7 (22.0) 76.1 (18.3)
betfred gamesDepreciation, Depletion and amortization     (111.5) (40.9)
EBITDA 12.9 230.1 (21.6) 249.3
Gain (loss) on extinguishment of debt 129.4 (17.9) 132.6 (18.2)
Acquisition-related costs excluding severance costs (18.4) 0.0 (60.9) 0.0
Amortization of Inventory Step-up     (59.4) 0.0
Impact of discontinued operations (0.3) (0.6) 0.3 (0.6)
Adjusted EBITDA (82.0) 248.4 (59.3) 269.6
Net Income (Loss) Attributable to Noncontrolling Interest 15.8 0.0 19.3 0.0
betfred gamesDepreciation, Depletion and Amortization Attributable to Noncontrolling Interests 4.7   5.8  
EBITDA Calculation [Member]        
Segment Reporting Information [Line Items]        
Interest expense, net (68.6) (26.3) (99.7) (51.4)
Income tax benefit (expense) 24.7 (22.0) 76.1 (18.3)
betfred gamesDepreciation, Depletion and amortization (77.1) (21.0) (111.5) (40.9)
Adjusted EBITDA Calculation [Member]        
Segment Reporting Information [Line Items]        
EBITDA of Noncontrolling Interests 20.5 [1] 0.0 25.1 [1] 0.0
Gain (loss) on extinguishment of debt 129.4 (17.9) 132.6 (18.2)
Severance costs (16.6) 0.0 (35.9) (1.7)
Acquisition-related costs excluding severance costs (1.8) 0.0 (25.0) 0.0
Amortization of Inventory Step-up (36.2) 0.0 (59.4) 0.0
Impact of discontinued operations $ (0.4) $ (0.4) $ 0.3 $ (0.4)
[1]
1 EBITDA of noncontrolling interests includes $15.8 million and $19.3 million for income and $4.7 million and $5.8 million of betfred gamesDepreciation, Depletion and amortization for the three and six months ended June 30, 2020, respectively.