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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (12,221,000) $ (11,697,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 671,000 674,000
Non-cash interest expense 231,000 619,000
Stock-based compensation 1,232,000 270,000
Changes in operating assets and liabilities:    
Restricted cash—NYSGC Lottery and Purse Accounts 303,000 127,000
Accounts receivable 398,000 (17,000)
Prepaid expenses and other current assets 280,000 172,000
Other assets 2,000 (10,000)
Accounts payable 1,288,000 232,000
Accrued expenses and other current liabilities (7,507,000) 328,000
Net cash used in operating activities (15,323,000) (9,302,000)
Cash flows from investing activities:    
Purchase of property and equipment (241,000) (318,000)
Capitalized Development Projects costs (56,619,000) 0
Cash collateral for deposit bond 15,000,000 0
License fee payment for the Casino Project (51,000,000) 0
Restricted cash—Racing capital improvement (111,560,000) (42,484,000)
Net cash used in investing activities (234,407,000) (42,815,000)
Cash flows from financing activities:    
Proceeds from rights offering, net of expenses 286,003,000 49,528,000
Series B preferred shares dividend payment 199,000 0
Series B preferred shares dividend payment (30,711,000) 0
Proceeds from exercise of stock options and warrants 0 2,560,000
Net cash provided by financing activities 255,093,000 52,088,000
Net increase / (decrease) in cash and cash equivalents 5,363,000 (29,000)
Cash and cash equivalents, beginning of period 6,412,000 6,435,000
Cash and cash equivalents, end of period 11,775,000 6,406,000
Supplemental disclosures of cash flow information:    
Interest paid 231,000 706,000
Non-cash investing and financing activities:    
Common stock issued in settlement of preferred stock dividends 0 159,000
Development Projects costs included in accrued expenses 37,884,000 0
Racing Capital Improvements [Member]    
Cash flows from investing activities:    
Restricted cash—Racing capital improvement $ 13,000 $ (13,000)