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Consolidated Statements of Operations (Unaudited) (USD $)
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3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2011
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Jun. 30, 2010
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Jun. 30, 2011
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Jun. 30, 2010
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| Revenues | ||||
| Casino | $ 23,212,583 | $ 1,574,987 | $ 24,753,635 | $ 3,286,999 |
| Food and beverage | 1,373,777 | 445,254 | 1,786,360 | 862,445 |
| Hotel | 207,173 | 207,173 | ||
| Management fees | 5,912,434 | 6,018,598 | 12,276,676 | 12,180,704 |
| Other operations | 418,203 | 19,628 | 444,552 | 39,549 |
| Total revenues | 31,124,170 | 8,058,467 | 39,468,396 | 16,369,697 |
| Operating costs and expenses | ||||
| Casino | 13,011,458 | 547,475 | 13,533,914 | 1,083,382 |
| Food and beverage | 1,366,867 | 495,879 | 1,839,641 | 982,904 |
| Hotel | 180,707 | 180,707 | ||
| Other operations | 1,268,607 | 1,268,607 | ||
| Project development and acquisition costs | 86,059 | 68,126 | 617,867 | 135,804 |
| Selling, general and administrative | 6,989,450 | 1,515,932 | 8,643,158 | 3,281,664 |
| Depreciation and amortization | 2,052,141 | 859,634 | 2,903,885 | 1,720,976 |
| Total operating costs and expenses | 24,955,289 | 3,487,046 | 28,987,779 | 7,204,730 |
| Operating gains (losses) | ||||
| Equity in net income of unconsolidated joint venture, and related guaranteed payments | 693,709 | 649,435 | 2,189,031 | 2,091,551 |
| Unrealized losses on notes receivable, tribal governments | (32,439) | (20,354) | (7,864) | (31,118) |
| Total operating gains (losses) | 661,270 | 629,081 | 2,181,167 | 2,060,433 |
| Operating income | 6,830,151 | 5,200,502 | 12,661,784 | 11,225,400 |
| Other income (expense) | ||||
| Interest expense | (917,844) | (3,655) | (1,128,478) | (7,311) |
| Fair value adjustment of derivative instrument | (350,343) | (350,343) | ||
| Other income (expense), net | (1,889) | 1,443 | (1,502) | 114,284 |
| Income before income taxes | 5,560,075 | 5,198,290 | 11,181,461 | 11,332,373 |
| Income taxes | 1,457,134 | 1,229,760 | 2,863,997 | 2,768,409 |
| Net income | 4,102,941 | 3,968,530 | 8,317,464 | 8,563,964 |
| Income attributable to noncontrolling interest in consolidated joint venture | (2,706,421) | (2,497,415) | (5,313,500) | (5,084,232) |
| Net income attributable to the Company | $ 1,396,520 | $ 1,471,115 | $ 3,003,964 | $ 3,479,732 |
| Net income attributable to the Company per common share | $ 0.08 | $ 0.08 | $ 0.17 | $ 0.19 |
| Weighted average number of common shares outstanding | 18,223,081 | 18,004,414 | 18,115,381 | 18,003,048 |
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- Definition
Net income attributable to the Company per common share
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- Definition
Operating gains (losses)
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- Definition
Total operating gains (losses)
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- Definition
Project development and acquisition costs
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- Definition
Unrealized losses on notes receivable, tribal governments
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- Definition
This element represents the cost of generating revenues from a hotel's, including cruise lines, gaming operations; likewise, such revenues may be derived from gaming operations that also are hoteliers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenues generated by casino operations. Also includes revenues generated by and derived from a hotel's, including cruise lines, gaming operations; likewise, such revenues may be derived from gaming operations that also are hoteliers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate direct costs incurred in operating leased, owned and other hotels. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost related to generating revenue from the sale of food (prepared and cooked-to-order foodstuffs, as well as snack items) and beverages (bottled or on-tap alcoholic beverages, as well as nonalcoholic beverages like carbonated drinks, juices, energy/sports drinks, water, coffee, and tea). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Revenue from sale of food (prepared and cooked-to-order foodstuffs, as well as snack items) and beverages (bottled or on-tap alcoholic beverages, as well as nonalcoholic beverages like carbonated drinks, juices, energy/sports drinks, water, coffee, and tea). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the period, which was recognized in earnings, in the unrealized gains or losses on derivative instruments that are not or are no longer designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue, comprised of base and incentive revenue derived from the management of joint ventures, managing third-party properties, or another entity's operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of net Income or Loss attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues.
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations.
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- Definition
Revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income before income taxes for oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue generated from managing and operating hotels. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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