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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows provided by (used in) operating activities:    
Net loss $ (11,451,000) $ (5,177,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 336,000 336,000
Amortization Of Deferred Project Costs 1,274,000 2,000
Non-cash interest expense 727,000 231,000
Stock-based compensation 603,000 571,000
Changes in operating assets and liabilities:    
Restricted cash—NYSGC Lottery and Purse Accounts (17,000) 424,000
Accounts receivable 158,000 188,000
Prepaid expenses and other current assets 408,000 (1,382,000)
Other assets 0 (4,000)
Accounts payable 855,000 912,000
Accrued expenses and other current liabilities 2,388,000 (8,289,000)
Net cash used in operating activities (4,719,000) (12,188,000)
Cash flows provided by (used in) investing activities:    
Purchase of property and equipment (1,172,000) (28,000)
Capitalized Development Projects costs (48,329,000) (15,268,000)
Cash collateral for deposit bond 0 15,000,000
License fee payment for the casino project 0 (51,000,000)
Restricted cash—racing capital improvement (366,969,000) (155,222,000)
Other (5,000) 0
Net cash used in investing activities (416,428,000) (236,493,000)
Cash flows provided by (used in) financing activities:    
Proceeds from Issuance of Long-term Debt 415,000,000 0
Proceeds from Related Party Debt 32,000,000 0
Payment of Debt Issuance Cost and Interest Rate Cap Fees (28,750,000) 0
Proceeds from January 2016 Rights Offering, net of expenses 0 286,032,000
Series B Preferred Stock dividend payment (32,000) (167,000)
Series E Preferred Stock and dividend redemption 0 (30,711,000)
Other payments (275,000) 0
Net cash provided by financing activities 417,943,000 255,154,000
Net (decrease) / increase in cash and cash equivalents (3,204,000) 6,473,000
Cash and cash equivalents, beginning of period 11,012,000 6,412,000
Cash and cash equivalents, end of period 7,808,000 12,885,000
Supplemental disclosures of cash flow information:    
Cash paid for interest 0 231,000
Non-cash investing and financing activities:    
Accrued Development Projects costs 45,659,000 25,925,000
Racing Capital Improvements [Member]    
Cash flows provided by (used in) investing activities:    
Restricted cash—racing capital improvement $ 37,000 $ 25,000