Credit Facility	3 Months Ended
Mar. 31, 2013
Credit Facility
Credit Facility	NOTE 4 — Credit Facility As discussed in NOTE 2 — Business Operations, new venues — particularly a large casino at Arundel Mills Mall in Maryland which opened in June 2012 — are having a significant adverse effect on our visitation numbers, our revenues and our profitability. Our projections indicated that we would not be able to comply with certain financial covenants in our revolving credit facility throughout 2013. On March 12, 2013, we amended our credit agreement to provide for different financial covenants effective for the March 31, 2013 period and for all subsequent periods through the expiration of the credit agreement, reduce the total maximum borrowing limit and prohibit the payment of dividends. At March 31, 2013, we had a $70,000,000 credit agreement with a bank group. The maximum borrowing limit under the facility reduces to $65,000,000 as of June 30, 2013, $60,000,000 as of December 31, 2013 and the facility expires June 17, 2014. Interest is based upon LIBOR plus a margin that varies between 150 and 350 basis points (200 basis points at March 31, 2013) depending on the ratio of funded debt to earnings before interest, taxes, depreciation and amortization (the “leverage ratio”). The credit facility contains certain covenants including minimum fixed charge coverage, maximum funded debt to earnings before interest, taxes, depreciation and amortization (“EBITDA”) and minimum EBITDA and tangible net worth. Material adverse changes in our results of operations could impact our ability to satisfy these requirements. In addition, the credit agreement includes a material adverse change clause and prohibits the payment of dividends. The credit facility provides for seasonal funding needs, capital improvements and other general corporate purposes. At March 31, 2013, we were in compliance with all terms of the facility and there was $56,500,000 outstanding at a weighted average interest rate of 2.20%. At March 31, 2013, $13,500,000 was available pursuant to the facility. We expect to be in compliance with the financial covenants, and all other covenants, for all measurement periods during the next twelve months.

Credit Facility

3 Months Ended

Mar. 31, 2013

NOTE 4 — Credit Facility

As discussed in NOTE 2 — Business Operations, new venues — particularly a large casino at Arundel Mills Mall in Maryland which opened in June 2012 — are having a significant adverse effect on our visitation numbers, our revenues and our profitability. Our projections indicated that we would not be able to comply with certain financial covenants in our revolving credit facility throughout 2013. On March 12, 2013, we amended our credit agreement to provide for different financial covenants effective for the March 31, 2013 period and for all subsequent periods through the expiration of the credit agreement, reduce the total maximum borrowing limit and prohibit the payment of dividends.

At March 31, 2013, we had a $70,000,000 credit agreement with a bank group. The maximum borrowing limit under the facility reduces to $65,000,000 as of June 30, 2013, $60,000,000 as of December 31, 2013 and the facility expires June 17, 2014. Interest is based upon LIBOR plus a margin that varies between 150 and 350 basis points (200 basis points at March 31, 2013) depending on the ratio of funded debt to earnings before interest, taxes, depreciation and amortization (the “leverage ratio”). The credit facility contains certain covenants including minimum fixed charge coverage, maximum funded debt to earnings before interest, taxes, depreciation and amortization (“EBITDA”) and minimum EBITDA and tangible net worth. Material adverse changes in our results of operations could impact our ability to satisfy these requirements. In addition, the credit agreement includes a material adverse change clause and prohibits the payment of dividends. The credit facility provides for seasonal funding needs, capital improvements and other general corporate purposes. At March 31, 2013, we were in compliance with all terms of the facility and there was $56,500,000 outstanding at a weighted average interest rate of 2.20%. At March 31, 2013, $13,500,000 was available pursuant to the facility. We expect to be in compliance with the financial covenants, and all other covenants, for all measurement periods during the next twelve months.