Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets    
Cash and equivalents $ 21,467,492 $ 14,707,464
Accounts receivable, net of allowance for doubtful accounts of $995,879 and $1,158,013 1,736,339 4,865,195
Prepaid expenses 3,261,292 2,486,975
Deferred tax asset 738,273 750,580
Deposits and other 442,158 404,171
Assets, Current 27,645,554 23,214,385
Property and equipment, net of accumulated depreciation of $14,769,191 and $11,080,559 36,806,202 38,668,283
Long-term assets related to tribal casino projects    
Note receivable, net of allowance of $0 and $661,600      
Contract rights, net of accumulated amortization of $0 and $6,492,981   10,872,605
Total long-term assets related to tribal casino projects   10,872,605
Other long-term assets    
Goodwill 7,455,718 7,455,718
Intangible assets, net of accumulated amortization of $850,000 and $425,000 11,495,620 11,720,727
Long-term deposits 9,446,624 142,114
Loan fees, net of accumulated amortization of $0 and $934,491 901,906 1,898,492
Deferred tax asset 432,487 645,617
Total other long-term assets 29,732,355 21,862,668
Total assets 94,184,111 94,617,941
Current liabilities    
Accounts payable 1,888,397 1,613,819
Income tax payable 2,457,420 2,409,612
Accrued player club points and progressive jackpots 1,787,273 1,750,981
Accrued payroll and related 3,356,354 4,033,866
Other accrued expenses 3,041,056 2,427,197
Current portion of long-term debt   4,950,000
Total current liabilities 12,530,500 17,185,475
Long-term debt, net of current portion    21,987,422
Total liabilities 12,530,500 39,172,897
Stockholders' equity    
Common stock, $.0001 par value, 100,000,000 shares authorized; 20,036,276 and 20,030,276 shares issued 2,004 2,003
Additional paid-in capital 44,396,700 43,447,798
Treasury stock, 1,356,595 common shares (1,654,075) (1,654,075)
Retained earnings 38,908,982 8,507,926
Total stockholders' equity 81,653,611 50,303,652
Non-controlling interest in consolidated joint venture   5,141,392
Total equity 81,653,611 55,445,044
Total liabilities and stockholders' equity $ 94,184,111 $ 94,617,941