CIE NEW JERSEY, LLC QUARTERLY REPORT - NJ

CIE NEW JERSEY, LLC

QUARTERLY REPORT

FOR THE QUARTER ENDED JUNE 30, 2015

SUBMITTED TO THE

DIVISION OF GAMING ENFORCEMENT

OF THE

STATE OF NEW JERSEY

OFFICE OF FINANCIAL INVESTIGATIONS

REPORTING MANUAL

CIE NEW JERSEY, LLC

BALANCE SHEETS

AS OF JUNE 30, 2015 AND 2014

(UNAUDITED)

($ IN THOUSANDS)

Line

(a)

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

Description

(b)

ASSETS:

Notes

Current Assets:

Cash and Cash Equivalents.................................................

Short-Term Investments.....................................................

Receivables and Patrons' Checks (Net of Allowance for

Doubtful Accounts - 2015, $0; 2014, $0)..........................

Inventories .........................................................................

Other Current Assets..........................................................

Total Current Assets.......................................................

Investments, Advances, and Receivables..............................

Property and Equipment - Gross............................................

Less: Accumulated Depreciation and Amortization..........

Property and Equipment - Net.........................................¡­¡­

Other Assets...........................................................................

Total Assets...........................................................................

LIABILITIES AND EQUITY:

Current Liabilities:

Accounts Payable................................................................

Notes Payable.....................................................................

Current Portion of Long-Term Debt:

Due to Affiliates..............................................................

External............................................................................

Income Taxes Payable and Accrued...................................

Other Accrued Expenses....................................................

Other Current Liabilities.....................................................

Total Current Liabilities..................................................

Long-Term Debt:

Due to Affiliates.................................................................

External...............................................................................

Deferred Credits ...................................................................

Other Liabilities.....................................................................

Commitments and Contingencies¡­¡­¡­¡­¡­¡­¡­¡­¡­¡­¡­

Total Liabilities......................................................................

Stockholders', Partners', or Proprietor's Equity.....................

Total Liabilities and Equity...................................................

2015

(c)

2014

(d)

2

$10,782

0

$7,653

0

2, 4

617

0

242

11,641

857

1,116

(366)

750

0

$13,248

1,112

0

388

9,153

350

1,058

(150)

908

0

$10,411

$1,097

0

$1,702

0

13,968

0

0

2,336

5,852

23,253

9,377

0

0

1,907

4,579

17,565

0

0

5,000

0

0

28,253

(15,005)

$13,248

0

0

5,000

0

0

22,565

(12,154)

$10,411

5

2, 6

2, 7

2, 7

2, 7

10

8

9

2

11

The accompanying notes are an integral part of the financial statements.

Valid comparisons cannot be made without using information contained in the notes.

12/11

DGE-205

CIE NEW JERSEY, LLC

STATEMENTS OF INCOME

FOR THE SIX MONTHS ENDED JUNE 30, 2015 AND 2014

(UNAUDITED)

($ IN THOUSANDS)

Line

(a)

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

Description

(b)

Notes

Revenue:

Casino.....................................................................................

Rooms....................................................................................

Food and Beverage.................................................................

Other.......................................................................................

Total Revenue......................................................................

Less: Promotional Allowances..............................................

Net Revenue.........................................................................

Costs and Expenses:

Casino.....................................................................................

Rooms, Food and Beverage...................................................

General, Administrative and Other........................................

Total Costs and Expenses...................................................

Gross Operating Profit..............................................................

Depreciation and Amortization..............................................

Charges from Affiliates Other than Interest:

Management Fees................................................................

Other......................................................................¡­¡­¡­¡­

Income (Loss) from Operations................................................

Other Income (Expenses):

Interest Expense - Affiliates...................................................

Interest Expense - External....................................................

CRDA Related Income (Expense) - Net................................

Nonoperating Income (Expense) - Net...................................

Total Other Income (Expenses)...........................................

Income (Loss) Before Taxes and Extraordinary Items..............

Provision (Credit) for Income Taxes......................................

Income (Loss) Before Extraordinary Items...............................

Extraordinary Items (Net of Income Taxes 2015, $0; 2014, $0)..............................................................

Net Income (Loss).....................................................................

2

2

10

2

2015

(c)

2014

(d)

$10,463

0

0

679

11,142

76

11,066

$10,133

0

0

1,008

11,141

30

11,111

5,865

0

4,344

10,209

857

108

7,153

0

13,623

20,776

(9,665)

117

0

547

202

0

459

(10,241)

0

0

(131)

0

(131)

71

0

71

0

0

(173)

0

(173)

(10,414)

0

(10,414)

0

$71

0

($10,414)

The accompanying notes are an integral part of the financial statements.

Valid comparisons cannot be made without using information contained in the notes.

3/14

DGE-210

CIE NEW JERSEY, LLC

STATEMENTS OF INCOME

FOR THE THREE MONTHS ENDED JUNE 30, 2015 AND 2014

(UNAUDITED)

($ IN THOUSANDS)

Line

(a)

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

Description

(b)

Notes

Revenue:

Casino.....................................................................................

Rooms....................................................................................

Food and Beverage.................................................................

Other.......................................................................................

Total Revenue......................................................................

Less: Promotional Allowances..............................................

Net Revenue.........................................................................

Costs and Expenses:

Casino.....................................................................................

Rooms, Food and Beverage...................................................

General, Administrative and Other........................................

Total Costs and Expenses...................................................

Gross Operating Profit..............................................................

Depreciation and Amortization..............................................

Charges from Affiliates Other than Interest:

Management Fees................................................................

Other......................................................................¡­¡­¡­¡­

Income (Loss) from Operations................................................

Other Income (Expenses):

Interest Expense - Affiliates...................................................

Interest Expense - External....................................................

CRDA Related Income (Expense) - Net................................

Nonoperating Income (Expense) - Net...................................

Total Other Income (Expenses)...........................................

Income (Loss) Before Taxes and Extraordinary Items..............

Provision (Credit) for Income Taxes......................................

Income (Loss) Before Extraordinary Items...............................

Extraordinary Items (Net of Income Taxes 2015, $0; 2014, $0)..............................................................

Net Income (Loss).....................................................................

2

2

10

2

2015

(c)

2014

(d)

$5,081

0

0

315

5,396

29

5,367

$4,793

0

0

362

5,155

8

5,147

2,747

0

1,149

3,896

1,471

55

3,393

0

4,457

7,850

(2,703)

56

0

359

1,057

0

216

(2,975)

0

0

(64)

0

(64)

993

0

993

0

0

(69)

0

(69)

(3,044)

0

(3,044)

0

$993

0

($3,044)

The accompanying notes are an integral part of the financial statements.

Valid comparisons cannot be made without using information contained in the notes.

3/14

DGE-215

CIE NEW JERSEY, LLC

STATEMENTS OF CHANGES IN PARTNERS',

PROPRIETOR'S OR MEMBERS' EQUITY

FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2014

AND THE SIX MONTHS ENDED JUNE 30, 2015

(UNAUDITED)

($ IN THOUSANDS)

Contributed

Notes

Capital

(c)

Accumulated __________

Earnings

__________

(Deficit)

__________

(d)

(e)

Total

Equity

(Deficit)

(f)

Line

(a)

Description

(b)

1

Balance, December 31, 2013..........

($1,740)

($1,740)

2

3

4

5

6

7

8

9

Net Income (Loss) - 2014...........

Capital Contributions.................

Capital Withdrawals...................

Partnership Distributions............

Prior Period Adjustments...........

(13,336)

(13,336)

0

0

0

0

0

0

0

10 Balance, December 31, 2014..........

11

12

13

14

15

16

17

18

0

Net Income (Loss) - 2015...........

Capital Contributions.................

Capital Withdrawals...................

Partnership Distributions............

Prior Period Adjustments...........

19 Balance, June 30, 2015...................

(15,076)

0

(15,076)

71

$0

($15,005)

71

0

0

0

0

0

0

0

$0

($15,005)

The accompanying notes are an integral part of the financial statements.

Valid comparisons cannot be made without using information contained in the notes.

12/11

DGE-225

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