LEASING ACTIVITIES

12 Months Ended

Dec. 31, 2012

LEASING ACTIVITIES [Abstract]

LEASING ACTIVITIES

10. LEASING ACTIVITIES

Rental expense for equipment under operating leases for the year ended December 31, 2012, the 2011 part of the Successor Period, the 2011 part of the Predecessor Period and the year ended December 31, 2010 was approximately $742,423, $455,397, $90,167 and $391,575, respectively. All are cancelable within one year.

The Company leases retail space to third parties (primarily retail shops and fast food vendors) under terms of non-cancelable operating leases that expire in various years through 2017, and have options to extend at the tenant's option. Rental income, which is included in other revenue, for the year ended December 31, 2012, the 2011 part of the Successor period, the 2011 part of the Predecessor period and the year ended December 31, 2010 were approximately $2,006,760, $1,636,410, $584,900 and $2,433,000, respectively.

At December 31, 2012, the Company had future minimum annual rental income due under non-cancelable operating leases as follows (in thousands):

2013	$	1,550
2014		1,316
2015		887
2016		235
2017		9
Total	$	3,997

Certain lease arrangements at the Riviera Las Vegas contain a buyout/liquidated damages provision. This provision provides that in the event of a major renovation or certain other events, the Company has the right, according to an agreed-upon formula, to buy out any remaining term of the lease by providing the tenant twelve months written notice.