Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2012	Dec. 31, 2011
ASSETS
Cash	$ 10,529,174	$ 8,268,779
Restricted cash	1,379,057	1,146,163
Short-term investments	201,669	201,669
Accounts receivable, net of allowance of $27,773	742,493	540,167
Inventory	202,306	183,122
Prepaid expenses	614,191	682,404
Deferred income taxes	467,100	315,200
Due from Minnesota horsemen associations		44,372
Total current assets	14,135,990	11,381,876
LONG-TERM ASSETS
Deposits	26,400	26,400
Land, buildings and equipment, net of accumulated depreciation of $20,837,633 and $20,364,054, respectively	22,431,678	22,776,115
Total assets	36,594,068	34,184,391
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	2,919,541	2,432,818
Card Casino accruals	1,778,892	1,314,173
Accrued wages and payroll taxes	1,011,430	775,256
Due to MHBPA	117,722	158,616
Accrued property taxes	757,425	606,252
Payable to horsepersons	74,384	17,745
Income taxes payable	485,124	97,000
Total current liabilities	7,144,518	5,401,860
DEFERRED INCOME TAXES	1,301,200	1,309,000
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common stock, $.01 par value, 10,000,000 shares authorized, 4,112,031 and 4,101,701 shares issued and outstanding, respectively	41,120	41,017
Additional paid-in capital	16,555,680	16,413,468
Retained earnings	11,551,550	11,019,046
Total stockholders' equity	28,148,350	27,473,531
Total liabilities and stockholders' equity	$ 36,594,068	$ 34,184,391