Accrued Expenses and Other Current Liabilities

Accrued Development Projects costs at March 31, 2018 and December 31, 2017 were $43.8 million and $71.7 million, respectively, and were primarily comprised of amounts due to the construction manager for costs incurred for the Development Projects, primarily related to the Casino, as well as amounts due to the architect and other vendors. The remaining net proceeds from the Term Loan Facility and the then-outstanding Kien Huat Montreign Loan will be used to pay the accrued Development Project costs.

Accrued expenses and other current liabilities, as presented on the condensed consolidated balance sheet, are comprised of the following at March 31, 2018 and December 31, 2017:




	3/31/2018		12/31/2017
	(in thousands)

Liability for horseracing purses	$	869	$	886
Accrued payroll	4,807		1,715
Deferred revenue - loyalty points	1,255		271
Liability to the NYSGC	1,713		1,507
Liability for local progressive jackpot	1,521		1,110
Accrued premium game leases	1,629		—
Accrued professional fees	1,541		744
Accrued interest expense	664		14
Accrued utilities	639		81
Accrued other	3,136		992
Total accrued expenses and other current liabilities	$	17,774	$	7,320

The increase in deferred revenue - loyalty points at March 31, 2018 of $984,000 primarily reflects the increase in deferred revenues due to the increase in loyalty points earned by new customers as a result of the Casino opening. The liability to the NYSGC represents the amounts payable to the NYSGC for taxes assessed by the NYSGC from gaming operations at the Company's facilities. The liability for local progressive jackpot represents the liability the Casino and the Monticello Casino and Raceway has incurred for all progressive jackpot games at each period ending date. Accrued premium game leases represent accruals for short-term slot machine leases for certain popular games.