Consolidated Balance Sheets (USD $)	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Cash	$ 8,268,779	$ 5,451,462
Restricted cash	1,146,163	1,341,656
Short-term investments (Note 3)	201,669
Accounts receivable, net of allowance of $27,773 and $34,805, respectively	540,167	394,314
Inventory	183,122	176,211
Prepaid expenses	682,404	564,984
Income taxes receivable		381,898
Deferred income taxes (Note 4)	315,200	320,400
Due from Minnesota horsemen associations	44,372	49,241
Total current assets	11,381,876	8,680,166
LONG-TERM ASSETS
Deposits	26,400	20,000
Land, buildings and equipment, net (Note 2)	22,776,115	23,948,330
Total assets	34,184,391	32,648,496
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	2,432,818	2,252,527
Card Casino accruals	1,314,173	1,433,798
Accrued wages and payroll taxes	775,256	686,964
Due to MHBPA (Note 1)	158,616	193,592
Accrued property taxes	606,252	562,349
Payable to horsepersons	17,745	21,551
Income taxes payable	97,000
Total current liabilities	5,401,860	5,150,781
LONG-TERM LIABILITIES
Deferred income taxes (Note 4)	1,309,000	951,900
COMMITMENTS AND CONTINGENCIES (Notes 9 and 10)
STOCKHOLDERS' EQUITY (Notes 5 and 6)
Common stock, $.01 par value, 10,000,000 shares authorized, 4,101,701 and 4,053,660, respectively, shares issued and outstanding	41,017	40,537
Additional paid-in capital	16,413,468	15,883,899
Retained earnings	11,019,046	10,621,379
Total stockholders' equity	27,473,531	26,545,815
Total liabilities and stockholders' equity	$ 34,184,391	$ 32,648,496