Subsequent Events

6 Months Ended

Jun. 30, 2014

Subsequent Events [Abstract]

Subsequent Events

SUBSEQUENT EVENTS

In connection with the preparation of its condensed consolidated financial statements as of and for the three months ended June 30, 2014, the Company has evaluated subsequent events through August 19, 2014, to determine whether any of these events required recognition or disclosure in the 2013 financial statements, as required by FASB ASC Topic 855, Subsequent Events.

On July 1, 2014, a wholly owned subsidiary of the Company entered into an agreement to purchase100%of the equity of Casino War Blackjack, Inc. (“War Blackjack”) for approximately $1.3 million in cash, subject to terms outlined in the Stock Purchase Agreement, dated July 1, 2014 (“War Blackjack Acquisition Agreement”). The acquisition closed on July 18, 2014 and was funded by available cash on hand. War Blackjack is an innovative manufacturer and developer of table and electronic games based in Las Vegas, Nevada.

In July 2014, the Company exercised the call option and repurchased 100% of the equity of AP Gaming NV (see Note 2).

On August 8, 2014, the Company entered into subscription agreements to issue 196,875 Class B Shares to Management Holders, which shares will be issued upon the Company obtaining approval for such issuance from the Nevada Gaming Commission, and options to purchase 321,250 Class B Shares to Management Holders under the LTIP. Additionally, the 20,000 Class B shares previously issued to the Company’s President and Chief Executive Officer on April 28, 2014 were repurchased by the Company on August 7, 2014.