Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Consolidated Statements Of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ (1,964,284) $ 11,244,568
Cash flows from investing activities:    
Purchase of property and equipment (1,362,899) (649,364)
Proceeds from sale of joint venture, less holdback 49,669,096   
Deposits and other costs of Silver Slipper acquisition (2,807,347)   
Deposits and other costs of Rising Star acquisition    (19,514,157)
Other (79,276) (82,778)
Net cash provided by (used in) investing activities 45,419,574 (20,246,299)
Cash flows from financing activities:    
Repayment of long term debt and swap (26,937,422) (1,650,000)
Proceeds from borrowing    15,103,891
Distributions to non-controlling interest in consolidated joint venture (3,322,530) (5,515,701)
Loan fees    (646,542)
Other    (36,827)
Net cash provided by (used in) financing activities (30,259,952) 7,254,821
Net increase (decrease) in cash and equivalents 13,195,338 (1,746,910)
Cash and equivalents, beginning of period 14,707,464 13,294,496
Cash and equivalents, end of period 27,902,802 11,547,586
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 547,147 725,948
Cash paid for income taxes 12,152,976 2,752,118
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Deposit and other costs of Rising Star acquisition made through term loan    17,896,109
Capital expenditures financed with accounts payable 14,217   
Purchases of property and equipment financed with prior year deposit    5,000,000
Non-cash distributions for non-controlling interest in consolidated joint venture $ 279,374