Property and Equipment

12 Months Ended

Dec. 31, 2012

NOTE 3—Property and Equipment

Property and equipment consists of the following as of December 31:

	2012			2011
Land	$	785,000		$	785,000
Casino facility	76,916,000			77,298,000
Hotel facility	113,502,000			113,029,000
Harness racing facilities	10,983,000			10,814,000
General facilities	16,401,000			16,315,000
Furniture, fixtures and equipment	56,432,000			55,828,000
Construction in progress	422,000			336,000
	275,441,000			274,405,000
Less accumulated depreciation	(106,478,000		)	(97,990,000		)
	$	168,963,000		$	176,415,000

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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