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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows provided by (used in) operating activities:    
Net loss $ (23,367,000) $ (12,221,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 725,000 671,000
Amortization of debt issuance costs 2,578,000 2,000
Non-cash interest expense 1,739,000 231,000
Loss on disposal of property and equipment (39,000) 0
Stock-based compensation 1,472,000 1,232,000
Changes in operating assets and liabilities:    
Restricted cash—NYSGC Lottery and Purse Accounts 125,000 303,000
Accounts receivable 23,000 398,000
Prepaid expenses and other current assets 1,039,000 280,000
Accounts payable 942,000 1,288,000
Accrued expenses and other current liabilities (948,000) (7,507,000)
Net cash used in operating activities (15,633,000) (15,323,000)
Cash flows provided by (used in) investing activities:    
Purchase of property and equipment (1,734,000) (241,000)
Capitalized Development Projects costs (117,247,000) (56,619,000)
Cash collateral for deposit bond 20,000,000 15,000,000
License fee payment for the casino project 0 (51,000,000)
Restricted cash—racing capital improvement (301,093,000) (111,560,000)
Other (9,000) 0
Net cash used in investing activities (440,035,000) (234,407,000)
Cash flows provided by (used in) financing activities:    
Proceeds from Term B Loan 450,000,000 0
Proceeds from long-term loan, related party 32,000,000 0
Payment of debt issuance costs and Interest Rate Cap fees (30,556,000) 0
Proceeds from January 2016 Rights Offering, net of expenses 0 286,003,000
Series B Preferred Stock dividend payment (64,000) (199,000)
Series E Preferred Stock and dividend redemption 0 (30,711,000)
Other payments (275,000) 0
Net cash provided by financing activities 451,105,000 255,093,000
Net (decrease) / increase in cash and cash equivalents (4,563,000) 5,363,000
Cash and cash equivalents, beginning of period 11,012,000 6,412,000
Cash and cash equivalents, end of period 6,449,000 11,775,000
Supplemental disclosures of cash flow information:    
Cash paid for interest 17,145,000 231,000
Non-cash investing and financing activities:    
Accrued Development Projects costs 61,940,000 37,884,000
Racing Capital Improvements [Member]    
Cash flows provided by (used in) investing activities:    
Restricted cash—racing capital improvement $ 30,000 $ 13,000