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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows provided by (used in) operating activities:      
Net loss $ (24,197,000) $ (36,610,000) $ (23,912,000)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 1,341,000 1,350,000 1,324,000
Amortization of deferred financing costs 105,000 0 0
Provision / (Recovery) for doubtful accounts 0 10,000 (5,000)
Non-cash interest expense 231,000 1,241,000 7,680,000
Loss on disposal of property and equipment 5,000 1,000 1,000
Stock-based compensation 2,722,000 596,000 636,000
Changes in operating assets and liabilities:      
Restricted cash-NYSGC Lottery and Purse Accounts 268,000 354,000 (633,000)
Accounts receivable 235,000 (117,000) 135,000
Prepaid expenses and other current assets 506,000 (544,000) (1,274,000)
Other assets 0 3,000 91,000
Accounts payable 1,024,000 (962,000) (350,000)
Accrued expenses and other current liabilities 4,839,000 3,298,000 815,000
Net cash used in operating activities (12,921,000) (31,380,000) (15,492,000)
Cash flows provided by (used in) investing activities:      
Purchase of property and equipment (1,974,000) (767,000) (1,542,000)
Capitalized Development Project costs (157,305,000) (4,074,000) 0
Restricted cash—racing capital improvement (10,912,000) (15,472,000) 0
Cash collateral for deposit bond (15,000,000) 0 0
License fee payment for the casino project (51,000,000) 0 0
Net cash used in investing activities (236,196,000) (20,298,000) (1,549,000)
Cash flows provided by (used in) financing activities:      
Proceeds from rights offering, net of expenses 286,003,000 49,528,000 13,180,000
Series E Preferred Stock and dividend redemption (30,711,000) (533,000) 0
Series B Preferred Stock dividend payment (263,000) 0 0
Proceeds from exercise of stock options and warrants 54,000 2,660,000 2,770,000
Deferred financing costs (1,278,000) 0 0
Other payments (88,000) 0 0
Net cash provided by financing activities 253,717,000 51,655,000 15,950,000
Net increase (decrease) in cash and cash equivalents 4,600,000 (23,000) (1,091,000)
Cash and cash equivalents, beginning of period 6,412,000 6,435,000 7,526,000
Cash and cash equivalents, end of period 11,012,000 6,412,000 6,435,000
Supplemental disclosures of cash flow information:      
Interest paid 407,000 1,398,000 1,330,000
Income taxes paid 0 0 0
Noncash investing and financing activities:      
Common stock issued in settlement of preferred stock dividends 0 159,000 218,000
Conversion of long-term loan, related party into equity 17,426,000 0 0
Project development costs included in accrued expenses 40,783,000 6,331,000 0
Racing Capital Improvements [Member]      
Cash flows provided by (used in) investing activities:      
Restricted cash—racing capital improvement $ (5,000) $ 15,000 $ (7,000)