Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.6
Consolidated Statements of Operations (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Revenues    
Casino $ 74,708,091 $ 6,529,773
Food and beverage 4,517,072 1,728,879
Hotel 600,088  
Management fees 24,185,587 24,473,066
Other operations 1,450,222 165,411
Total revenues 105,461,060 32,897,129
Operating costs and expenses    
Casino 42,508,624 2,159,199
Food and beverage 4,469,488 2,016,394
Hotel 546,212  
Other operations 3,918,584  
Project development and acquisition costs 792,747 423,160
Selling, general and administrative 25,428,999 6,429,845
Depreciation and amortization 7,001,776 3,421,256
Total operating costs and expenses 84,666,430 14,449,854
Operating gains (losses)    
Equity in net income of unconsolidated joint venture, and related guaranteed payments 3,306,035 5,094,664
Impairment loss (4,919,703)  
Unrealized gains (loss) on notes receivable, tribal governments (7,864) (2,900)
Total operating gains (losses) (1,621,532) 5,091,764
Operating income 19,173,098 23,539,039
Other income (expense)    
Interest expense (2,838,205) (58,368)
Loss on derivative instruments (513,328)  
Interest and other income 8,056 120,750
Income before income taxes 15,829,621 23,601,421
Income taxes (3,239,599) (5,739,430)
Net income 12,590,022 17,861,991
Income attributable to noncontrolling interest in consolidated joint venture (10,247,023) (10,192,744)
Net income attributable to the Company $ 2,342,999 $ 7,669,247
Net income attributable to the Company per common share $ 0.13 $ 0.43
Weighted-average number of common shares outstanding 18,397,599 18,005,390