Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2015
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
 Property and equipment, including capital lease assets, consist of the following (in thousands):
 
September 30,
2015
 
December 31,
2014
 
(Unaudited)
 
 
Land and improvements
$
12,291

 
$
11,670

Buildings and improvements
91,593

 
73,997

Furniture and equipment
30,812

 
27,951

Construction in progress
8

 
11,264

 
134,704

 
124,882

Less accumulated depreciation
(34,570
)
 
(29,842
)
 
$
100,134

 
$
95,040



The Silver Slipper Hotel opened in phases, beginning in May 2015 and completed during the third quarter. The total cost incurred for the construction of the hotel was approximately $20.5 million.