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Development Projects Costs
3 Months Ended
Mar. 31, 2018
Project Development Costs [Abstract]  
Development Projects Costs
Development Projects Costs
Capitalized Project Development Costs
At March 31, 2018 and December 31, 2017, total Capitalized Project Development costs incurred were approximately $6.1 million and $566.8 million, respectively. Total Capitalized Development Project costs at March 31, 2018 consisted of $5.1 million of construction costs, site development, contractor insurance, general conditions, architectural fees and construction manager fees, and approximately $942,000 of professional service fees such as legal and accounting fees. Total Capitalized Project Development costs at December 31, 2017 consisted of $560.2 million of construction costs, site development, contractor insurance, general conditions, architectural fees and construction manager fees, and approximately $6.6 million of professional service fees such legal and accounting fees and is reflected on the balance sheet as Capitalized Development Project costs. The Casino opened for business on February 8, 2018, after receiving an operating certificate from the NYSGC. As a result of the Casino opening for business, capitalized Project Development costs relating to the Casino of approximately $630.1 million were reclassified as property and equipment for the Casino.

Cash Collateral for Deposit Bond
In February 2016 and June 2017, the Company deposited $15 million and $20 million, respectively, in performance bonds to guarantee the completion of the Development Projects. On December 28, 2017, the Company notified the NYSGC that it had expended 85% of the Company's proposed Minimum Capital Investment (as defined below). On January 4, 2018, the NYSGC notified the Company that it had confirmed that the Minimum Capital Investment criteria had been met and the funds returned to the Company were deposited into the lender-controlled account for use towards Development Projects expenses.