Related Party Transactions

12 Months Ended

Dec. 31, 2015

Related Party Transactions [Abstract]

Related Party Transactions

NOTE 12. RELATED PARTY TRANSACTIONS

We entered into a nonexclusive trademark license agreement with Terrible Herbst, Inc. for the use of the Terrible Herbst brand name and its cowboy logo which extended through June 2013. Pursuant to this trademark license agreement, we incurred expense totaling approximately $0.3 million to Terrible Herbst for the year ended December 31, 2013.

Effective September 2014, we entered into an agreement with David D. Ross, our former Chief Executive Officer, whereby Mr. Ross provided consulting services to Affinity to assist us in fulfilling obligations under the Rampart Casino consulting agreement. We paid Mr. Ross $20,000 monthly for his consulting services until the expiration of the related consulting agreement on April 1, 2015.

Beginning February 1, 2013, we paid Ferenc Szony, our former Chief Operating Officer, a $12,500 monthly fee for consulting services to assist Affinity in fulfilling its obligations under the Rampart Casino consulting agreement until the expiration of that consulting agreement on April 1, 2015.

In September 2012, we entered into an agreement to divest non-core assets in the Truckee Disposition. Our former Chief Operating Officer, Ferenc Szony, became a managing principal of the acquirer, Truckee Gaming, LLC. One of our directors at the time we entered into the agreement, Thomas M. Benninger, serves as a managing general partner of Global Leveraged Capital, LLC (“GLC”), a private investment and advisory firm. In connection with the Truckee Disposition, funds managed by affiliates of GLC provided mezzanine financing for Truckee Gaming and acquired warrants, which can be exercised under certain conditions, to obtain equity interests of Truckee Gaming. The Truckee Disposition closed on February 1, 2013.