Condensed Consolidated Balance Sheets (USD $)	Jun. 30, 2012	Dec. 31, 2011
CURRENT ASSETS
Cash	$ 9,490,071	$ 8,268,779
Restricted cash	2,515,514	1,146,163
Short-term investments	202,626	201,669
Accounts receivable, net of allowance of $27,773	859,037	540,167
Inventory	292,420	183,122
Prepaid expenses	962,855	682,404
Deferred income taxes	612,100	315,200
Income taxes receivable	144,010
Due from Minnesota horsemen associations		44,372
Total current assets	15,078,633	11,381,876
LONG-TERM ASSETS
Deposits	26,400	26,400
Land, buildings and equipment, net of accumulated depreciation of $21,180,077 and $20,364,053, respectively	22,704,802	22,776,115
Total assets	37,809,835	34,184,391
CURRENT LIABILITIES
Accounts payable	5,296,393	2,432,818
Card Casino accruals	1,337,167	1,314,173
Accrued wages and payroll taxes	870,483	775,256
Due to MHBPA	61,128	158,616
Accrued property taxes	609,229	606,252
Income taxes payable		97,000
Dividend payable	1,035,475
Payable to horsepersons	64,251	17,745
Total current liabilities	9,274,126	5,401,860
LONG-TERM LIABILITIES
Deferred income taxes	1,312,600	1,309,000
Stock appreciation rights	117,226
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common stock, $.01 par value, 10,000,000 shares authorized, 4,141,898 and 4,101,701, respectively, shares issued and outstanding	41,419	41,017
Additional paid-in capital	16,714,925	16,413,468
Retained earnings	10,349,539	11,019,046
Total stockholders' equity	27,105,883	27,473,531
Total liabilities and stockholders' equity	$ 37,809,835	$ 34,184,391