STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2013

STOCK-BASED COMPENSATION

Summary of the stock option activity

A summary of the stock option activity as of and for the year ended December 31, 2013 is presented below:

			Weighted Average
Options	Shares		Exercise Price		Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at beginning of period	3,134,320		$	11.29	—	—
Granted	367,698		18.53		—	—
Exercised	(335,444	)	10.25		—	—
Forfeited	(280,000	)	8.95		—	—
Expired	—		—		—	—
Outstanding at end of period	2,886,574		$	12.51	6.1 yrs.	$	23,421,823
Exercisable at end of period	1,683,504		$	13.05	4.4 yrs.	$	13,095,301

Summary of status of the Company's nonvested shares

Nonvested Shares	Shares		Weighted-Average Grant Date Fair Value
Nonvested at January 1, 2013	1,497,739		$	9.49
Granted	367,698		5.38
Vested	(382,367	)	2.94
Forfeited	(280,000	)	8.95
Nonvested at December 31, 2013	1,203,070		$	12.51

Schedule of option valuation assumptions for options granted

	Years ended December 31,
	2013			2012			2011
Expected volatility	37.03		%	56.1		%	56.1		%
Expected dividends	—			—			—
Expected life (in years)
Directors’ Plan	3.32			9.5			9.5
Executive Plan	4.48			3.1			3.1
Employee Plan	3.32			3.1			3.1
Weighted average risk free rate	0.85		%	0.40		%	0.70		%
Weighted average grant date fair value per share of options granted	$	5.38		$	3.43		$	3.89
Total fair value of shares vested	$	1,122,577		$	1,918,460		$	1,190,274
Total intrinsic value of options exercised	$	2,736,529		$	41,240		—
Cash received for all stock option exercises	$	3,438,091		$	52,995		—
Tax benefit realized from stock awards exercised	$	957,785		$	13,816		—

Schedule of stock based compensation expense

	For the years ended December 31,
	2013			2012			2011
Casino	$	19,769		$	65,018		$	80,530
Food and beverage	33,355			80,520			70,633
Hotel	3,441			20,273			17,028
Selling, general and administrative	1,163,780			1,202,156			1,451,461
Total stock-based compensation, before taxes	1,220,345			1,367,967			1,619,652
Tax benefit	(427,121		)	(478,788		)	(581,601		)
Total stock-based compensation, net of tax	$	793,224		$	889,179		$	1,038,051