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Condensed Consolidated Statements Of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
OPERATING REVENUES:        
Pari-mutuel $ 3,020,943 $ 3,325,970 $ 4,416,320 $ 4,696,236
Card Casino 7,001,070 7,381,906 14,120,191 14,222,533
Food and beverage 2,224,296 2,518,847 3,305,197 3,522,538
Other 1,677,602 1,663,598 2,501,016 2,355,893
Total Revenues 13,923,911 14,890,321 24,342,724 24,797,200
Less: Promotional allowances (37,919) (42,244) (63,421) (68,085)
Net Revenues 13,885,992 14,848,077 24,279,303 24,729,115
OPERATING EXPENSES:        
Purse expense 1,812,143 2,050,913 2,847,798 2,932,366
Minnesota Breeders' Fund 236,660 255,754 383,803 398,579
Other pari-mutuel expenses 469,378 519,915 760,384 804,184
Salaries and benefits 5,812,020 5,704,602 10,849,376 10,280,360
Cost of food and beverage and other sales 1,095,784 1,137,371 1,642,807 1,658,525
Depreciation 618,030 607,605 1,194,510 1,171,710
Utilities 321,851 299,074 593,897 579,117
Advertising and marketing 717,714 703,698 937,706 909,309
Gain on sale of land (3,990,519)   (3,990,519)  
Other operating expenses 2,895,406 2,600,177 4,639,021 4,363,768
Total Operating Expenses 9,988,467 13,879,109 19,858,783 23,097,918
INCOME FROM OPERATIONS 3,897,525 968,968 4,420,520 1,631,197
OTHER INCOME (EXPENSE):        
Interest income (expense), net (49,970) 688 (49,025) 1,305
Net Other Income (Expense) (49,970) 688 (49,025) 1,305
INCOME BEFORE INCOME TAXES 3,847,555 969,656 4,371,495 1,632,502
INCOME TAX EXPENSE (1,572,655) (398,006) (1,785,841) (672,248)
NET INCOME $ 2,274,900 $ 571,650 $ 2,585,654 $ 960,254
Basic earnings per share $ 0.53 $ 0.14 $ 0.61 $ 0.23
Diluted earnings per share $ 0.53 $ 0.14 $ 0.60 $ 0.23
Weighted Average Basic Shares Outstanding 4,275,001 4,220,703 4,266,290 4,215,158
Weighted Average Diluted Shares 4,302,387 4,229,938 4,287,582 4,218,860
Cash dividends declared per share $ 0.25 $ 0.25 $ 0.25 $ 0.25