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COMMITMENTS AND CONTINGENCIES - Land Lease buyout (Detail Textuals) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | 1 Months Ended | ||
|---|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Feb. 26, 2013
acre
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Nov. 30, 2004
acre
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| Commitments and Contingencies [Line Items] | ||||
| Rent expenses of operating lease | $ 2.9 | $ 2.9 | ||
| Silver Slipper Casino Venture, LLC | ||||
| Commitments and Contingencies [Line Items] | ||||
| Area of land of Parcel Purchase Option | 38 | |||
| Land Lease Agreement | Silver Slipper Casino Venture, LLC | ||||
| Commitments and Contingencies [Line Items] | ||||
| Exercise price of '4 Acre Parcel Puchase Option' | 2.0 | |||
| Area of land of Parcel Purchase Option | 4 | |||
| Purchase price of "Purchase Option" of land leases | 15.5 | |||
| Purchase price of land if four acre parcel previously purchased | 13.5 | |||
| Reduction in exercise price if both the options exercised | 2 | |||
| Retained interest in percentages of net income | 3.00% | |||
| Description related land leases | The Land Lease includes an exclusive option to purchase the leased land ("Purchase Option"), as well as an option to purchase a four acre portion of the leased land, which may be exercised at any time in conjunction with a hotel development during the term of the Land Lease for $2.0 million. On February 26, 2013, Silver Slipper Casino entered into a third amendment to the Land Lease which amended the term and Purchase Option provisions. The term of the Land Lease is to April 30, 2058, with a Purchase Option through October 1, 2027, but which may only be exercised after February 26, 2019. If there is no change in ownership, the purchase price will be $15.5 million ($13.5 million if the four acre parcel has been previously purchased) plus a retained interest in Silver Slipper Casino operations of 3% of net income. In the event that we sell or transfer substantially all of the assets of our ownership in Silver Slipper Casino, then the purchase price will increase to $17.0 million. | |||
| Purchase options condition | If there is no change in ownership, the purchase price will be $15.5 million ($13.5 million if the four acre parcel has been previously purchased) plus a retained interest in Silver Slipper Casino operations of 3% of net income. In the event that we sell or transfer substantially all of the assets of our ownership in Silver Slipper Casino, then the purchase price will increase to $17.0 million. | |||
| New purchase price if change in ownership of Silver Slipper | $ 17.0 | |||