ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2011

ACCOUNTS RECEIVABLE

3. ACCOUNTS RECEIVABLE

Accounts receivable consist of the following at December 31 (in thousands):

	Successor			Predecessor
	2011			2010
Casino	$	1,366		$	201
Hotel		2,286			1,971
Total		3,652			2,172
Less - collection allowances		(315	)		(214	)
Accounts receivable - net	$	3,337		$	1,958

Collection allowances activity for the years ending December 31 consist of the following (in thousands):

	Successor			Predecessor
	2011			2010
Beginning balance	$	214		$	239
Write-offs		(40	)		(61	)
Recoveries		14			5
Provision for doubtful collection		126			31
Ending balance	$	315		$	214

The Company manages its credit risk by evaluating customers’ credit worthiness before extending credit. The maximum credit losses that might be sustained are limited to the recorded receivables less any amounts reserved.