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Subsequent Events
9 Months Ended
Sep. 30, 2018
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
On October 16, 2018, the Company borrowed $10 million under the Kien Huat Subordinate Loan Agreement. See Note H for a discussion of the terms of the Kien Huat Subordinate Loan Agreement.
On November 5, 2018, the Company filed a certificate of designations for the Series F Preferred Stock with the Secretary of State of the State of Delaware.
On November 6, 2018, the Company entered into the KH 2018 Preferred Stock Commitment Letter pursuant to which Kien Huat committed to provide equity financing in support of the general corporate and working capital requirements of the Company and its subsidiaries. Pursuant to the KH 2018 Preferred Stock Commitment Letter, Kien Huat agreed to purchase up to $126 million of Series F Preferred Stock on the terms set forth in the KH 2018 Preferred Stock Commitment Letter and the Certificate of Designations of the Series F Preferred Stock. Kien Huat committed to purchase the Commitment Amount of the Series F Preferred Stock pursuant to the following schedule: (i) up to $12 million no earlier than November 9, 2018, (ii) up to $20 million no earlier than February 15, 2019, (iii) up to $20 million no earlier than May 15, 2019, (iv) up to $15 million no earlier than August 15, 2019, (v) up to $37 million no earlier than November 15, 2019 and (vi) up to $22 million no earlier than March 15, 2020. The Company agreed to use its reasonable efforts to secure third-party financing in an amount equal to the Commitment Amount and the Commitment Amount will be reduced by the amount of any third-party financing raised by the Company. However, any equity financing raised by the Company from any person entering into a commercial agreement relating to online gaming and sports betting at the Casino in an amount up to $29 million will not be used to reduce the Commitment Amount. Kien Huat will be entitled to a funding fee in the amount of 1% of the portion of the Commitment Amount funded by Kien Huat. Unless earlier terminated by mutual agreement, the KH 2018 Preferred Stock Commitment Letter will terminate upon the earlier of (a) the Company's receipt of third-party financing in the Commitment Amount or (b) April 15, 2020.
    On November 7, 2018, the Company borrowed the remaining $2 million under the Bangkok Bank Loan Agreement. See Note G for a discussion of the terms of the Bangkok Bank Loan Agreement.