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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities:    
Net income $ (15,648) $ (1,552)
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 676 673
Recovery of doubtful accounts 0 (1)
Non-cash interest expense 5,200 0
Loss/(Gain) on disposal of property and equipment 65 (13)
Stock-based compensation 284 150
Changes in operating assets and liabilities:    
Restricted cash -NY Lottery and Purse Accounts (615) (506)
Accounts receivable 765 (593)
Prepaid expenses and other current assets (432) (1,004)
Other assets 45 109
Accounts payable 143 381
Accrued expenses and other current liabilities 1,459 (1,530)
Net cash (used in) provided by operating activities (8,058) (3,886)
Investing activities:    
Purchases of property and equipment (218) (323)
Restricted cash - Racing capital improvement (11) 51
Project development costs 0 (3,213)
Net cash used in investing activities (229) (3,485)
Cash flows from financing activities:    
Proceeds from rights issue, net 13,237 11,178
Series E preferred shares redemption 0 (1,528)
Proceeds from exercise of stock options 2,389 0
Net Cash Provided by (Used in) Financing Activities 15,626 9,650
Net (decrease) increase in cash and cash equivalents 7,339 2,279
Cash and cash equivalents, beginning of period 7,526 9,063
Cash and cash equivalents, end of period 14,865 11,342
Supplemental disclosures of cash flow information:    
Interest paid 768 661
Non-cash investing and financing activities:    
Common stock issued in settlement of preferred stock dividends 218 205
Project development costs included in accrued expenses $ 0 $ 936