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Condensed Consolidated Statements Of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
OPERATING REVENUES:        
Pari-mutuel $ 3,554,975 $ 3,887,494 $ 7,971,295 $ 8,583,730
Card Casino 7,324,936 7,404,926 21,445,127 21,627,459
Food and beverage 3,446,063 3,299,659 6,751,260 6,822,197
Other 2,347,464 2,190,060 4,801,471 4,545,952
Total Revenues 16,673,438 16,782,139 40,969,153 41,579,338
Less: Promotional allowances (43,030) (50,571) (106,451) (118,655)
Net Revenues 16,630,408 16,731,568 40,862,702 41,460,683
OPERATING EXPENSES:        
Purse expense 2,155,361 2,363,961 5,003,159 5,296,326
Minnesota Breeders' Fund 252,465 259,933 636,268 658,515
Other pari-mutuel expenses 300,635 320,927 1,061,019 1,266,797
Salaries and benefits 6,218,896 6,129,355 17,068,272 16,409,714
Cost of food and beverage and other sales 1,537,438 1,534,696 3,180,245 3,193,221
Depreciation 672,465 567,190 1,866,975 1,738,900
Utilities 540,468 495,849 1,134,365 1,074,966
Advertising and marketing 1,012,905 774,296 1,950,611 1,683,603
Gain sale of land     (3,990,519)  
Gain on sale of assets   (347,348)   (347,348)
Gain on insurance recoveries (592,276) (120,090) (592,276) (120,090)
Other operating expenses 2,973,146 3,365,288 7,565,158 7,587,370
Total Operating Expenses 15,071,503 15,344,057 34,883,277 38,441,974
INCOME FROM OPERATIONS 1,558,905 1,387,511 5,979,425 3,018,709
OTHER INCOME (EXPENSE):        
Interest income (expense), net 538 348 (48,488) 1,653
Net Other Income (Expense) 538 348 (48,488) 1,653
INCOME BEFORE INCOME TAXES 1,559,443 1,387,859 5,930,937 3,020,362
INCOME TAX EXPENSE (633,606) (574,800) (2,419,447) (1,247,049)
NET INCOME $ 925,837 $ 813,059 $ 3,511,490 $ 1,773,313
Basic earnings per share $ 0.22 $ 0.19 $ 0.82 $ 0.42
Diluted earnings per share $ 0.21 $ 0.19 $ 0.82 $ 0.42
Weighted Average Basic Shares Outstanding 4,296,581 4,233,315 4,276,387 4,221,164
Weighted Average Diluted Shares 4,322,801 4,229,438 4,294,153 4,221,939
Cash dividends declared per share $ 0.05 $ 0.00 $ 0.30 $ 0.25