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Consolidated Statement of Cash Flows (USD $)
12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (13,033,422) $ (13,355,333)
Adjustments to reconcile net loss to cash provided by operating activities:    
Deconsolidation of Rotate Black Gaming, Inc. (RBG)    6,843,246
Effect of consolidation of RBMS (566,239)   
Sale of Big Easy Gaming Vessel    4,191,891
Stock-based compensation 1,229,417 912,378
Issuance of Series A Preferred  and B Common Stock Units for services 550,000   
Stock issued for legal services 40,000   
Warrants granted with Series A Preferred Stock    91,500
Dividends payable 36,933   
Write-off of investment in joint venture    73,938
Write-off of deferred development costs 52,278   
Write-off of casino deferred development costs 1,073,929   
Loss on impairment of land purchase deposit 8,032,986   
Depreciation and amortization 8,857 214,066
Amortization and changes in beneficial conversion feature and warrant liability 11,830   
Noncontrolling interest    25,430
Changes in assets and liabilities:    
Prepaid expenses (24,640) (3,105)
Accounts payable and accrued expenses 1,611,386 981,760
Accrued interest on mortgage and note payable 1,023,038 642,576
Derivative liability    (167,127)
Contingent liability    102,000
Net cash provided by operating activities 46,353 553,220
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (net of notes payable of $2,975,000 and $600,000 in 2010)    (590,408)
Investment In RBMS 155,519 (188,512)
Casino construction in progress (406,219)   
Deferred casino development costs (443,456)   
Proceeds from sale of RBG    15,000
Deferred development costs    (94,585)
Decrease in deferred financing fee    25,000
Net cash used in investing activities (694,156) (833,505)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from loan payable - stockholder 141,391 86,362
Proceeds from sales of  common stock    5,000
Proceeds from note payable 150,000   
Sale of Redeemable Series A Preferred Stock    190,000
Sale of RBMS Series A and B Preferred Units 375,000   
Payment of note payable - insurance (2,074) 2,074
Payments of note payable - truck (7,843) (4,377)
Net cash provided by financing activities 656,474 279,059
Net increase (decrease) in cash 8,671 (1,226)
Cash, beginning of period    1,226
Cash, end of period 8,671   
Noncash Transactions:    
Increase in net assets due to consolidation of RBMS 1,514,041   
Issuance of common stock in equity investment 90,000 166,000
Issuance of common stock in payment of due to stockholder 848,000 320,000
Issurance of Series A and B Preferred Common Stock Units for services 550,000 486,000
Issuance of common stock in payment of accounts payable    149,574
Issuance of common stock in settlement of derivative liability    $ 52,923