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Condensed Consolidated Statements Of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
OPERATING REVENUES:        
Pari-mutuel $ 3,887,494 $ 3,844,749 $ 8,583,730 $ 8,650,597
Card Casino 7,404,926 6,645,197 21,627,459 19,997,434
Food and beverage 3,299,659 2,954,609 6,822,197 6,022,989
Other 2,310,150 1,707,660 4,666,042 3,726,150
Total Revenues 16,902,229 15,152,215 41,699,428 38,397,170
Less: Promotional allowances (50,571) (105,257) (118,655) (191,044)
Net Revenues 16,851,658 15,046,958 41,580,773 38,206,126
OPERATING EXPENSES:        
Purse expense 2,363,961 2,238,549 5,296,326 5,124,414
Minnesota Breeders' Fund 259,933 253,485 658,515 654,225
Other pari-mutuel expenses 320,927 328,224 1,266,797 1,223,832
Salaries and benefits 6,129,355 5,598,259 16,409,714 15,073,566
Cost of food and beverage and other sales 1,534,696 1,393,160 3,193,221 2,954,875
Depreciation 567,190 537,405 1,738,900 1,572,660
Utilities 495,849 417,680 1,074,966 1,091,425
Advertising and marketing 774,296 709,767 1,683,603 1,529,839
Gain on disposal of assets (347,348)   (347,348)  
Other operating expenses 3,365,288 2,505,576 7,587,370 6,471,724
Total Operating Expenses 15,464,147 13,982,105 38,562,064 35,696,560
INCOME FROM OPERATIONS 1,387,511 1,064,853 3,018,709 2,509,566
OTHER INCOME:        
Interest income 348 644 1,653 1,993
INCOME BEFORE INCOME TAXES 1,387,859 1,065,497 3,020,362 2,511,559
INCOME TAX EXPENSE (574,800) (442,191) (1,247,049) (1,039,312)
NET INCOME $ 813,059 $ 623,306 $ 1,773,313 $ 1,472,247
Basic earnings per share $ 0.19 $ 0.15 $ 0.42 $ 0.35
Diluted earnings per share $ 0.19 $ 0.15 $ 0.42 $ 0.35
Weighted Average Basic Shares Outstanding 4,233,315 4,188,120 4,221,164 4,188,669
Weighted Average Diluted Shares Outstanding 4,229,438 4,188,122 4,221,939 4,205,706
Cash dividends declared per share $ 0.00 $ 0.00 $ 0.25 $ 0.00