Summary of Selected Significant Accounting Policies. (Tables)

6 Months Ended

Jun. 30, 2012

Summary of Selected Significant Accounting Policies.

Schedule of impact of dilution on earnings per share, based on the treasury stock method

	(UNAUDITED)
	For the Six Months Ended				For the Three Months Ended
(amounts in thousands, except for	June 30,				June 30,
share information)	2012		2011		2012		2011
Basic Earnings Per Share:
Net earnings	$	749	$	1,337	$	246	$	894
Weighted average common shares	8,871,635		8,871,640		8,871,635		8,871,640
Basic earnings per share	$	0.08	$	0.15	$	0.03	$	0.10
Diluted Earnings Per Share:
Net earnings	$	749	$	1,337	$	246	$	894
Weighted average common shares	8,871,635		8,871,640		8,871,635		8,871,640
Addition due to the effect of dilutive securities:
Stock options and warrants (1)	10,038				10,038
Stock issuable under the Deferred Compensation Plan	149,654		51,538		149,654		51,538
Dilutive potential weighted average common shares	9,031,327		8,923,178		9,031,327		8,923,178
Diluted earnings per share	$	0.08	$	0.15	$	0.03	$	0.10

(1) Per the treasury stock method.

Schedule of estimated useful lives of property and equipment

Asset	Estimated Useful Life
Building and improvements	5-50 years
Furniture, fixtures and other equipment	4-12 years

Schedule of property and equipment

	As of June 30, 2012			As of December 31, 2011
	(unaudited)
Land	$	2,467		$	2,498
Building and improvements	28,230			29,418
Furniture, fixtures and other equipment	11,608			12,260
	42,305			44,176
Less accumulated depreciation and amortization	(11,100		)	(11,108		)
	$	31,205		$	33,068

Schedule of impact of foreign currency translation on goodwill

	Applicable	Goodwill
	Foreign Exchange	German		Austrian
As of June 30, 2012 (in thousands, except FX)	Rate (“FX”) (2)	reporting unit		reporting unit		Total
Residual balance, as of January 1, 2003 (in USD) (1)		USD	3,042	USD	537	USD	3,579
USD residual balance, translated at June 30, 1998 (date of acquisition) FX rate of:	33.8830	CZK	103,077	CZK	18,190	CZK	121,267
2003 CZK balance, translated to USD, at June 30, 2012 FX of:	20.6857	USD	4,983	USD	879	USD	5,862
Net increase to Goodwill		USD	1,941	USD	342	USD	2,283

(1)   Goodwill was amortized over 15 years until the Company started to comply with revised GAAP requirements, as of January 1, 2002. This balance represents the remaining, unamortized goodwill, after an impairment charge taken prior to January 1, 2003.

(2)   FX (interbank) rates taken from www.Oanda.com.

Promotional allowances

	(UNAUDITED)
	For the Six Months Ended						For the Three Months Ended
	June 30,						June 30,
(amounts in thousands)	2012			2011			2012			2011
Cost of gratuitous food and beverages (A)	$	871		$	1,291		$	284		$	624
Average cost of food and beverages sold (B)	35.9		%	40.2		%	38.3		%	38.9		%
Retail value of food and beverages (A/B)	$	2,426		$	3,211		$	742		$	1,604
Retail value of hotel accommodations	16			10			8			3
Total promotional allowances	$	2,442		$	3,221		$	750		$	1,607

Summary of changes in gaming tax law

		New Gaming Tax Law *
	Pre-2012 Gaming Tax Law	(effective January 1, 2012)
Live Games:	10% Gaming Tax from Win (administration fee); 1% Gaming Tax from Win (state supervision); 6-15% Charity Tax from Win, net of Gaming Taxes (the Charity Tax rate is based on tiered revenue thresholds).	20% Gaming Tax from Win (70% of receipt to state; 30% to municipal).
Slots:	16,000 CZK (or $800) License per machine, per every 6 months; 1,000 CZK (or $50) Municipality Fee per machine, per quarter; 6-15% Charity Tax from Win, net of License and Municipality fees (the Charity Tax rate is based on tiered revenue thresholds).	20% Gaming Tax from Win (20% of receipt to state; 80% to municipal); 55 CZK (or $3) Gaming Tax per Machine, per Day.
Net Income	No corporate income tax.	19% corporate income tax on adjusted net income, net of exemptions.

* The new Gaming Tax is to be paid quarterly, while corporate income tax obligation is to be paid in June of the subsequent year.

Schedule of gaming-related taxes and fees

	For the Six Months Ended						For the Three Months Ended
	June 30,						June 30,
(amounts in thousands)	2012			2011			2012			2011
Gaming revenues	$	16,044		$	16,613		$	7,481		$	8,731
Gaming taxes, live games and slots	3,342			783			1,578			401
Charity taxes (eliminated in 2012)				1,447						758
Licensing fees (eliminated in 2012) (1)	283			357			139			190
Total gaming taxes and fees	$	3,625		$	2,587		$	1,717		$	1,349
as % of gaming revenue (2)	22.6		%	15.6		%	23.0		%	15.4		%

(1) As the non-refundable, six-month licensing fees effective for January 2012 through June 2012 were paid in October 2011, prior to the passing of the New Gaming Tax laws in December 2011, the Company incurred additional fees for the first six months of 2012.  Excluding the non-recurring licensing fees, the gaming taxes for the three and six months of 2012 would have been 21.1% and 20.8% of gaming revenues, respectively.

(2) The tax percentages in 2012 vary slightly from the 20% flat rate, due to minor administrative fees.