Summary of Selected Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2016

Summary of Significant Accounting Policies

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

	For the Three Months Ended
	March 31,
	2016		2015
	(Unaudited)		(Unaudited)
Basic earnings per share:
Net income	$	1,006	$	523
Weighted average common shares		8,829,011		8,821,205
Basic earnings per share	$	0.11	$	0.06
Diluted earnings per share:
Net income	$	1,006	$	523
Weighted average common shares		8,829,011		8,821,205
Addition due to the effect of dilutive securities using the treasury stock method:
Stock options and restricted stock		562		14
Stock issuable under the Deferred Compensation Plan		609,298		423,664
Dilutive potential common shares		9,438,871		9,244,883
Diluted earnings per share	$	0.11	$	0.06

Schedule of estimated useful lives of property and equipment

Asset	Estimated Useful Life
Buildings	30-50  years
Furniture, fixtures and equipment	4-10  years
Leasehold improvements	5-20  years

Schedule of property and equipment

	As of		As of
	March 31, 2016		December 31, 2015
	(Unaudited)
Land	$	3,004	$	2,874
Building and improvements		36,575		34,950
Furniture, fixtures and other equipment		13,185		12,253
		52,764		50,077
Less accumulated depreciation and amortization		(14,020)		(12,955)
	$	38,744	$	37,122

Schedule of impact of foreign currency translation on goodwill

	Goodwill
(Unaudited)	Casino Segment						Hotel Segment			Total
	Pilsen			South-Moravia			Lower Saxony
As of March 31, 2016 (in thousands, except FX)	reporting unit			reporting unit			reporting unit
Balance in USD ($)	$	3,042	(1)	$	537	(1)	$	131		$	3,710
Balance in EUR (€)							€	119		€	119
Foreign Exchange Rate ("FX")		33.8830			33.8830			27.2450
Balance in CZK (Kč)	Kč	103,072	(2)	Kč	18,195	(2)	Kč	3,242	(3)	Kč	124,509
Applicable FX(4)		23.7570			23.7570			23.7570
Balance at March 31, 2016	$	4,339		$	766		$	136		$	5,241
Net cumulative change to goodwill due to foreign currency translation	$	1,297		$	229		$	5		$	1,531

(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 was taken prior to January 1, 2003.

(2) USD residual balance translated to CZK at June 30, 1998, the date of acquisition of such assets, with the date of acquisition CZK to USD FX rate of 33.8830.

(3) EUR balance translated to CZK at June 1, 2015, the date of acquisition of the Hotel Freizeit, with the date of acquisition CZK to EUR FX rate of 27.2450.

(4) FX central bank foreign exchange rates taken from www.CNB.CZ.

Summary of the gaming tax law

	2012 Gaming Tax Law
	(Effective from January 1, 2012 to December 31, 2015)
Live Games	20% gaming tax from revenue earned from live games (70% of tax paid to the federal government; 30% paid to the local municipality).
Slots	20% gaming tax from revenue earned from slot games (20% of tax paid to the federal government; 80% paid to the local municipality);
	CZK 55 (or approximately $2.22) gaming tax per slot machine, per day (paid to the federal government).
	2016 Gaming Tax Amendment
	(Effective from January 1, 2016)
Live Games	23% gaming tax from revenue earned from live games (70% of tax paid to the federal government; 30% paid to the local municipality).
Slots	28% gaming tax from revenue earned from slot games (20% of tax paid to the federal government; 80% paid to the local municipality);
	CZK 80 (or approximately $3.37) gaming tax per slot machine, per day (paid to the federal government).

Gaming taxes are to be paid quarterly, by the 25th day following the end of a quarter.  TWC was current on all of its Czech gaming tax payments at March 31, 2016 and through the date of this report.

Schedule of gaming-related taxes and fees

	For the Three Months Ended
	2016			2015
		(Unaudited)			(Unaudited)
Gaming revenues (excluding ancillary revenues)	$	10,351		$	8,199
Gaming taxes		2,855			1,709
Gaming taxes as % of gaming revenues (above)		27.6	%		20.8	%