Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Accounting Policies [Abstract]

Summary of retail value amounts included in promotional allowances

The retail value amounts included in promotional allowances for the years ended December 31, 2012 and 2011 are as follows:

	Year ended December 31,
	2012		2011
	(in thousands)
Food and beverage	$	1,605	$	1,354
Non-subsidized free play	1,459		1,033
Players club awards	585		439
Total retail value of promotional allowances	$	3,649	$	2,826

Summary of estimated cost of providing complimentary food, beverages and other items

The estimated cost of providing complimentary food, beverages and other items for the years ended December 31, 2012 and 2011 are as follows:

	Year ended December 31,
	2012		2011
	(in thousands)
Food and beverage	$	1,605	$	1,354
Non-subsidized free play	861		610
Players club awards	585		439
Total cost of promotional allowances	$	3,051	$	2,403

Summary of useful lives for property, plant and equipment

The Company provides for depreciation on property and equipment used by applying the straight-line method over the following estimated useful lives:

Assets	Estimated Useful Lives
Vehicles	5-10 years
Furniture, fixtures and equipment	5-10 years
Land improvements	20 years
Building improvements	40 years
Buildings	40 years

Property and equipment at December 31 consists of:

	(in thousands)
	2012			2011
Land	$	770		$	770
Land improvements	1,619			1,619
Buildings	4,727			4,583
Building improvements	24,875			24,883
Vehicles	261			220
Furniture, fixtures and equipment	3,712			4,281
Construction in Progress	136			—
	36,100			36,356
Less—Accumulated depreciation	(9,532		)	(8,862		)
	$	26,568		$	27,494

Summary of the approximate number of common stock equivalents outstanding

The following table shows the approximate number of common stock equivalents outstanding at December 31, 2012 and 2011 that could potentially dilute basic earnings per share in the future, but were not included in the calculation of diluted loss per share for the years ended December 31, 2012 and 2011, because their inclusion would have been anti-dilutive.

	Outstanding at December 31,
	2012	2011
Options	2,204,000	2,596,000
Warrants	1,083,000	1,083,000
Option Matching Rights	1,276,000	1,809,000
Restricted stock	100,000	67,000
Shares to be issued upon conversion of long-term loan, related party	6,575,000	6,575,000
Total	11,238,000	12,130,000