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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities:    
Net income $ 960,254 $ 848,941
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,171,710 1,035,255
Stock-based compensation expense 157,983 127,485
Deferred income taxes (225,400) (74,200)
Stock appreciation rights 141,686 (7,895)
Tax benefit from exercise of stock-based awards (4,060)  
Changes in operating assets and liabilities:    
Increase in restricted cash (3,994,038) (3,139,165)
Increase in accounts receivable (381,979) (297,434)
Decrease in other current assets 40,791 77,027
Decrease (increase) in income taxes (payable) receivable (332,145) 346,321
Increase in accounts payable 5,226,191 4,194,011
Increase in Card Casino accruals 488,540 153,472
Increase in accrued wages and payroll taxes 2,761 61,173
Increase in accrued property taxes 405 1,265
Increase in payable to horsepersons 72,584 224,916
Net cash provided by operating activities 3,325,283 3,551,172
Investing Activities:    
Additions to buildings and equipment (3,342,762) (1,759,986)
Purchase of investments (500) (458)
Net cash used in investing activities (3,343,262) (1,760,444)
Financing Activities    
Proceeds from issuance of common stock 72,325 47,877
Tax benefit from exercise of stock-based awards 4,060 7,895
Net cash provided by financing activities 76,385 55,772
Net increase (decrease) in cash and cash equivalents 58,406 1,846,500
Cash and cash equivalents at beginning of period 8,761,925 8,739,209
Cash and cash equivalents at end of period 8,820,331 10,585,709
Supplemental disclosure of non-cash investing and financing activities:    
Additions to buildings and equipment funded through accounts payable 182,000 363,000
Dividend declared 1,056,000  
Supplemental disclosure of cash flow information:    
Income taxes paid, net of refunds $ 1,222,000 $ 325,000