the las vegas economy , although severely impacted by the recession and housing crisis that spanned from 2008 to 2011 , began to stabilize in 2012 and , based on population and employment growth , was one of the fastest growing economies in the united states from 2015 to 2017. based on a recent u.s. census bureau release , nevada was second among all states in percentage growth of population from july 2015 to july 2017. in addition , based on preliminary data for december 2017 from the bureau of labor statistics , las vegas experienced a 3.1 % year-over-year increase in employment to 998,800 , which is an all-time high . this resulted in an unemployment rate of 4.9 % which has declined from 14.1 % in july 2011. businesses and consumers in las vegas continue to increase their spending as evidenced by 57 consecutive months of year-over-year increases in taxable retail sales from february 2013 to october 2017. home values have also improved significantly over the past several years with the median price of an existing single family home in las vegas up approximately 140 % at december 2017 compared to january 2012 , as reported by the greater las vegas association of realtors . the las vegas economy has shown recent improvements in employment , taxable sales and home prices , and we believe the stabilization of the local economy , positive trends in many of the key economic indicators and future projects and 41 infrastructure investments provide a foundation for future growth in our business . although we experienced improved operating results over the past few years due , in part , to more favorable local economic conditions , we can not be sure if , or how long , these favorable market conditions will persist or that they will continue to positively impact our results of operations . information about our results of operations is included herein and in the notes to our consolidated financial statements . our key performance indicators we use certain key indicators to measure our performance . gaming revenue measures : slot handle , table game drop and race and sports write are measures of volume . slot handle represents the dollar amount wagered in slot machines , and table game drop represents the total amount of cash and net markers issued that are deposited in table game drop boxes . write represents the aggregate dollar amount wagered on race and sports events . win represents the amount of wagers retained by us and recorded as casino revenue . hold represents win as a percentage of slot handle or table game drop . as our customers are primarily las vegas residents , our hold percentages are generally consistent from period to period . fluctuations in our casino revenue are primarily due to the volume and spending levels of customers at our properties . food and beverage revenue measures : average guest check is a measure of sales volume and product offerings , and represents the average amount spent per customer visit . number of guests served is an indicator of volume . room revenue measures : occupancy is calculated by dividing total occupied rooms , including complimentary rooms , by total rooms available . average daily rate ( “ adr ” ) is calculated by dividing total room revenue , which includes the retail value of complimentary rooms , by total rooms occupied , including complimentary rooms . revenue per available room is calculated by dividing total room revenue by total rooms available . 42 results of operations the following table presents information about our results of continuing operations ( dollars in thousands ) : replace_table_token_5_th n/m = not meaningful we view each of our las vegas casino properties as individual operating segments . we aggregate all of our las vegas operating segments into one reportable segment because all of our las vegas properties offer similar products , cater to the same customer base , have the same regulatory and tax structure , share the same marketing programs , are directed by a centralized management structure and have similar economic characteristics . we also aggregate our native american management arrangements into one reportable segment . the results of operations for our native american management segment are discussed in the section entitled “ management fee revenue ” below and the results of operations of our las vegas operations 43 are discussed in the remaining sections below . references herein to same-store basis represent results of operations excluding the impact of operations of palms from october 1 , 2016 , the date of acquisition , through december 31 , 2017 . net revenues . net revenues for the year ended december 31 , 2017 increase d by 11.2 % to $ 1.62 billion as compared to $ 1.45 billion for the year ended december 31 , 2016 primarily due to the acquisition of palms . same-store net revenues , which are further discussed below , increase d 3.5 % year over year , despite the negative impact related to construction disruption at palace station associated with the upgrade and expansion project that commenced during the fourth quarter of 2016. net revenues for the year ended december 31 , 2016 increase d by 7.4 % to $ 1.45 billion as compared to $ 1.35 billion for the year ended december 31 , 2015 , and same-store net revenues increased 4.6 % year over year . the increase in net revenues during 2016 is further discussed below . operating income . operating income increase d to $ 330.4 million for the year ended december 31 , 2017 as compared to $ 309.4 million for the year ended december 31 , 2016 . story_separator_special_tag during the year ended december 31 , 2017 , we recognized a $ 16.9 million net loss on extinguishment/modification of debt . this included losses on extinguishment/modification of debt of $ 27.2 million related to the redemption of the 7.50 % senior notes and $ 4.7 million related to credit facility amendments completed throughout the year , partially offset by a $ 14.9 million gain on debt extinguishment related to the restructured land loan recognized in june 2017. during the year ended december 31 , 2016 , we recognized a $ 7.3 million loss on extinguishment/modification of debt , primarily related to the refinancing of station llc 's credit facility in june 2016. as a result of the 2016 refinancing , station llc recognized a $ 6.6 million loss on extinguishment/modification of debt related to the extinguished portion of the debt . change in fair value of derivative instruments . during the year ended december 31 , 2017 , we recognized a $ 14.1 million net gain on the change in fair value of our interest rate swaps . the gain was primarily due to libor movements and our election to no longer apply hedge accounting beginning july 2017. provision for income tax . income tax expense totaled $ 134.8 million and $ 8.2 million for the years ended december 31 , 2017 and 2016 , respectively . the provision for income taxes in 2017 includes the unfavorable impacts of the tax cuts and jobs act due to the remeasurement of our u.s. federal deferred tax assets and liabilities to apply the new 21 % federal tax rate . we were formed on september 9 , 2015 and did not engage in any operations prior to the ipo . we first filed tax returns for tax year 2015 , which is the first tax year subject to examination by taxing authorities for u.s. federal and state income tax purposes . at december 31 , 2017 we held an economic interest of approximately 59.3 % in station holdco , which holds all of the economic interests in station llc . we have been designated as the sole managing member of both station holdco and station llc , and consolidate the financial position and results of operations of station llc and its subsidiaries and station holdco . the approximate 40.7 % ownership in station holdco is considered noncontrolling interest . station holdco is treated as a partnership for income tax reporting and station holdco 's members are liable for federal , state and local income taxes based on their share of station holdco 's taxable income . we are not liable for the noncontrolling interests ' share of station holdco 's taxable income . 47 net income attributable to noncontrolling interests . net income attributable to noncontrolling interests for the years ended december 31 , 2017 , 2016 and 2015 was $ 27.9 million , $ 63.8 million and $ 5.6 million , respectively . the decrease in net income attributable to noncontrolling interests in 2017 as compared to 2016 is primarily due to the decrease in station holdco 's net income as a result of the related party lease termination described above . net income attributable to noncontrolling interests for the period from may 2 , 2016 through december 31 , 2017 represents the portion of net income attributable to the ownership interest in station holdco not held by us , as well as the portion of mpm enterprises , llc 's ( “ mpm ” ) net income that was not attributable to us . net income attributable to noncontrolling interests for periods prior to may 2 , 2016 included the portion of mpm 's net income that was not attributable to us . adjusted ebitda adjusted ebitda for the years ended december 31 , 2017 , 2016 and 2015 for our two reportable segments and a reconciliation of net income to adjusted ebitda are presented below ( amounts in thousands ) . the las vegas operations segment includes all of our las vegas area casino properties and the native american management segment includes our native american management arrangements . replace_table_token_9_th the year over year increases in adjusted ebitda are due to the factors described above . adjusted ebitda is a non-gaap measure that is presented solely as a supplemental disclosure . we believe that adjusted ebitda is a widely used measure of operating performance in our industry and is a principal basis for valuation of gaming companies . we believe that in addition to net income , adjusted ebitda is a useful financial performance measurement for assessing our operating performance because it provides information about the performance of our ongoing core operations excluding non-cash expenses , financing costs , and other non-operational items . adjusted ebitda includes net 48 income plus depreciation and amortization , share-based compensation , write-downs and other charges , net , tax receivable agreement liability adjustment , related party lease termination , asset impairments , interest expense , net , loss on extinguishment/modification of debt , net , change in fair value of derivative instruments , provision for income tax and other , and excludes adjusted ebitda attributable to the noncontrolling interests of mpm . to evaluate adjusted ebitda and the trends it depicts , the components should be considered . each of these components can significantly affect our results of operations and should be considered in evaluating our operating performance , and the impact of these components can not be determined from adjusted ebitda . further , adjusted ebitda does not represent net income or cash flows from operating , investing or financing activities as defined by gaap and should not be considered as an alternative to net income as an indicator of our operating performance . additionally , adjusted ebitda does not consider capital expenditures and other investing activities and should not be considered as a measure of our liquidity . it should be noted that not all gaming companies that report ebitda

cash flows from investing activities during the year s ended december 31 , 2017 , 2016 and 2015 , we paid $ 248.4 million , $ 162.4 million and $ 129.9 million , respectively , for capital expenditures , which were primarily related to various renovation projects , including the upgrade and expansion project at palace station which commenced in october 2016 and redevelopment of palms , as well as the purchase of slot machines and related gaming equipment . during the year ended december 31 , 2017 we paid $ 23.4 million to a 50 related party to purchase the land subject to the ground leases on which each of boulder station and texas station is located . during the year ended december 31 , 2016 , we paid $ 305.9 million , net of cash received , for the acquisition of palms . also during the year ended december 31 , 2016 , fertitta entertainment sold a consolidated subsidiary , which held an aircraft and related debt , to a related party for $ 8.0 million in cash and collected $ 18.3 million of related party notes . during the year ended december 31 , 2015 , we received $ 26.3 million in proceeds from asset sales , primarily from the sale of land previously held for development . in addition , during the year s ended december 31 , 2017 , 2016 and 2015 , we paid $ 2.5 million , $ 2.7 million and $ 1.8 million , respectively , in reimbursable advances for the north fork project . cash flows from financing activities during the year ended december 31 , 2017 , we completed an aggregate $ 531.9 million upsizing and repricing of station llc 's credit facility and issued $ 550.0 million in aggregate principal amount of 5.00 % senior notes . we paid fees and costs related to the credit facility amendments and 5 % senior notes issuance of $ 24.6 million and $ 6.6 million , respectively .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flows from investing activities during the year s ended december 31 , 2017 , 2016 and 2015 , we paid $ 248.4 million , $ 162.4 million and $ 129.9 million , respectively , for capital expenditures , which were primarily related to various renovation projects , including the upgrade and expansion project at palace station which commenced in october 2016 and redevelopment of palms , as well as the purchase of slot machines and related gaming equipment . during the year ended december 31 , 2017 we paid $ 23.4 million to a 50 related party to purchase the land subject to the ground leases on which each of boulder station and texas station is located . during the year ended december 31 , 2016 , we paid $ 305.9 million , net of cash received , for the acquisition of palms . also during the year ended december 31 , 2016 , fertitta entertainment sold a consolidated subsidiary , which held an aircraft and related debt , to a related party for $ 8.0 million in cash and collected $ 18.3 million of related party notes . during the year ended december 31 , 2015 , we received $ 26.3 million in proceeds from asset sales , primarily from the sale of land previously held for development . in addition , during the year s ended december 31 , 2017 , 2016 and 2015 , we paid $ 2.5 million , $ 2.7 million and $ 1.8 million , respectively , in reimbursable advances for the north fork project . cash flows from financing activities during the year ended december 31 , 2017 , we completed an aggregate $ 531.9 million upsizing and repricing of station llc 's credit facility and issued $ 550.0 million in aggregate principal amount of 5.00 % senior notes . we paid fees and costs related to the credit facility amendments and 5 % senior notes issuance of $ 24.6 million and $ 6.6 million , respectively .
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 Suspicious Activity Report : the las vegas economy , although severely impacted by the recession and housing crisis that spanned from 2008 to 2011 , began to stabilize in 2012 and , based on population and employment growth , was one of the fastest growing economies in the united states from 2015 to 2017. based on a recent u.s. census bureau release , nevada was second among all states in percentage growth of population from july 2015 to july 2017. in addition , based on preliminary data for december 2017 from the bureau of labor statistics , las vegas experienced a 3.1 % year-over-year increase in employment to 998,800 , which is an all-time high . this resulted in an unemployment rate of 4.9 % which has declined from 14.1 % in july 2011. businesses and consumers in las vegas continue to increase their spending as evidenced by 57 consecutive months of year-over-year increases in taxable retail sales from february 2013 to october 2017. home values have also improved significantly over the past several years with the median price of an existing single family home in las vegas up approximately 140 % at december 2017 compared to january 2012 , as reported by the greater las vegas association of realtors . the las vegas economy has shown recent improvements in employment , taxable sales and home prices , and we believe the stabilization of the local economy , positive trends in many of the key economic indicators and future projects and 41 infrastructure investments provide a foundation for future growth in our business . although we experienced improved operating results over the past few years due , in part , to more favorable local economic conditions , we can not be sure if , or how long , these favorable market conditions will persist or that they will continue to positively impact our results of operations . information about our results of operations is included herein and in the notes to our consolidated financial statements . our key performance indicators we use certain key indicators to measure our performance . gaming revenue measures : slot handle , table game drop and race and sports write are measures of volume . slot handle represents the dollar amount wagered in slot machines , and table game drop represents the total amount of cash and net markers issued that are deposited in table game drop boxes . write represents the aggregate dollar amount wagered on race and sports events . win represents the amount of wagers retained by us and recorded as casino revenue . hold represents win as a percentage of slot handle or table game drop . as our customers are primarily las vegas residents , our hold percentages are generally consistent from period to period . fluctuations in our casino revenue are primarily due to the volume and spending levels of customers at our properties . food and beverage revenue measures : average guest check is a measure of sales volume and product offerings , and represents the average amount spent per customer visit . number of guests served is an indicator of volume . room revenue measures : occupancy is calculated by dividing total occupied rooms , including complimentary rooms , by total rooms available . average daily rate ( “ adr ” ) is calculated by dividing total room revenue , which includes the retail value of complimentary rooms , by total rooms occupied , including complimentary rooms . revenue per available room is calculated by dividing total room revenue by total rooms available . 42 results of operations the following table presents information about our results of continuing operations ( dollars in thousands ) : replace_table_token_5_th n/m = not meaningful we view each of our las vegas casino properties as individual operating segments . we aggregate all of our las vegas operating segments into one reportable segment because all of our las vegas properties offer similar products , cater to the same customer base , have the same regulatory and tax structure , share the same marketing programs , are directed by a centralized management structure and have similar economic characteristics . we also aggregate our native american management arrangements into one reportable segment . the results of operations for our native american management segment are discussed in the section entitled “ management fee revenue ” below and the results of operations of our las vegas operations 43 are discussed in the remaining sections below . references herein to same-store basis represent results of operations excluding the impact of operations of palms from october 1 , 2016 , the date of acquisition , through december 31 , 2017 . net revenues . net revenues for the year ended december 31 , 2017 increase d by 11.2 % to $ 1.62 billion as compared to $ 1.45 billion for the year ended december 31 , 2016 primarily due to the acquisition of palms . same-store net revenues , which are further discussed below , increase d 3.5 % year over year , despite the negative impact related to construction disruption at palace station associated with the upgrade and expansion project that commenced during the fourth quarter of 2016. net revenues for the year ended december 31 , 2016 increase d by 7.4 % to $ 1.45 billion as compared to $ 1.35 billion for the year ended december 31 , 2015 , and same-store net revenues increased 4.6 % year over year . the increase in net revenues during 2016 is further discussed below . operating income . operating income increase d to $ 330.4 million for the year ended december 31 , 2017 as compared to $ 309.4 million for the year ended december 31 , 2016 . story_separator_special_tag during the year ended december 31 , 2017 , we recognized a $ 16.9 million net loss on extinguishment/modification of debt . this included losses on extinguishment/modification of debt of $ 27.2 million related to the redemption of the 7.50 % senior notes and $ 4.7 million related to credit facility amendments completed throughout the year , partially offset by a $ 14.9 million gain on debt extinguishment related to the restructured land loan recognized in june 2017. during the year ended december 31 , 2016 , we recognized a $ 7.3 million loss on extinguishment/modification of debt , primarily related to the refinancing of station llc 's credit facility in june 2016. as a result of the 2016 refinancing , station llc recognized a $ 6.6 million loss on extinguishment/modification of debt related to the extinguished portion of the debt . change in fair value of derivative instruments . during the year ended december 31 , 2017 , we recognized a $ 14.1 million net gain on the change in fair value of our interest rate swaps . the gain was primarily due to libor movements and our election to no longer apply hedge accounting beginning july 2017. provision for income tax . income tax expense totaled $ 134.8 million and $ 8.2 million for the years ended december 31 , 2017 and 2016 , respectively . the provision for income taxes in 2017 includes the unfavorable impacts of the tax cuts and jobs act due to the remeasurement of our u.s. federal deferred tax assets and liabilities to apply the new 21 % federal tax rate . we were formed on september 9 , 2015 and did not engage in any operations prior to the ipo . we first filed tax returns for tax year 2015 , which is the first tax year subject to examination by taxing authorities for u.s. federal and state income tax purposes . at december 31 , 2017 we held an economic interest of approximately 59.3 % in station holdco , which holds all of the economic interests in station llc . we have been designated as the sole managing member of both station holdco and station llc , and consolidate the financial position and results of operations of station llc and its subsidiaries and station holdco . the approximate 40.7 % ownership in station holdco is considered noncontrolling interest . station holdco is treated as a partnership for income tax reporting and station holdco 's members are liable for federal , state and local income taxes based on their share of station holdco 's taxable income . we are not liable for the noncontrolling interests ' share of station holdco 's taxable income . 47 net income attributable to noncontrolling interests . net income attributable to noncontrolling interests for the years ended december 31 , 2017 , 2016 and 2015 was $ 27.9 million , $ 63.8 million and $ 5.6 million , respectively . the decrease in net income attributable to noncontrolling interests in 2017 as compared to 2016 is primarily due to the decrease in station holdco 's net income as a result of the related party lease termination described above . net income attributable to noncontrolling interests for the period from may 2 , 2016 through december 31 , 2017 represents the portion of net income attributable to the ownership interest in station holdco not held by us , as well as the portion of mpm enterprises , llc 's ( “ mpm ” ) net income that was not attributable to us . net income attributable to noncontrolling interests for periods prior to may 2 , 2016 included the portion of mpm 's net income that was not attributable to us . adjusted ebitda adjusted ebitda for the years ended december 31 , 2017 , 2016 and 2015 for our two reportable segments and a reconciliation of net income to adjusted ebitda are presented below ( amounts in thousands ) . the las vegas operations segment includes all of our las vegas area casino properties and the native american management segment includes our native american management arrangements . replace_table_token_9_th the year over year increases in adjusted ebitda are due to the factors described above . adjusted ebitda is a non-gaap measure that is presented solely as a supplemental disclosure . we believe that adjusted ebitda is a widely used measure of operating performance in our industry and is a principal basis for valuation of gaming companies . we believe that in addition to net income , adjusted ebitda is a useful financial performance measurement for assessing our operating performance because it provides information about the performance of our ongoing core operations excluding non-cash expenses , financing costs , and other non-operational items . adjusted ebitda includes net 48 income plus depreciation and amortization , share-based compensation , write-downs and other charges , net , tax receivable agreement liability adjustment , related party lease termination , asset impairments , interest expense , net , loss on extinguishment/modification of debt , net , change in fair value of derivative instruments , provision for income tax and other , and excludes adjusted ebitda attributable to the noncontrolling interests of mpm . to evaluate adjusted ebitda and the trends it depicts , the components should be considered . each of these components can significantly affect our results of operations and should be considered in evaluating our operating performance , and the impact of these components can not be determined from adjusted ebitda . further , adjusted ebitda does not represent net income or cash flows from operating , investing or financing activities as defined by gaap and should not be considered as an alternative to net income as an indicator of our operating performance . additionally , adjusted ebitda does not consider capital expenditures and other investing activities and should not be considered as a measure of our liquidity . it should be noted that not all gaming companies that report ebitda

