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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Operating Activities:    
Net income $ 2,727,022 $ 2,411,155
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,297,613 2,137,778
Stock-based compensation expense 284,628 217,094
Stock appreciation rights 141,686 32,354
Deferred income taxes 383,500 313,700
Tax expense (benefit) from exercise of stock-based awards (4,060) (7,895)
Gain on disposal of assets (1,006,910) (500)
Gain on insurance proceeds (495,465) (957,597)
(Increase) decrease in cash resulting from changes in operating assets:    
Restricted cash (493,877) 69,822
Accounts receivable 36,813 146,297
Other current assets 255,555 95,467
Income taxes receivable/payable (739,910) 727,477
Increase (decrease) in cash resulting from changes in operating liabilities:    
Accounts payable and accrued wages and payroll taxes 666,978 (532,739)
Card Casino accruals 357,978 (144,787)
Accrued property taxes 58,097 2,588
Payable to horsepersons (40,216) 203,370
Due from MHBPA   (123,473)
Net cash provided by operating activities 4,429,432 4,590,111
Investing Activities:    
Additions to buildings and equipment (4,341,792) (5,657,743)
Deposit for land purchase funded by capital lease (260,000)  
Proceeds from sale of assets 99,441 500
Proceeds from insurance claims 495,466 988,597
Purchase of investments (667) (623)
Net cash used in investing activities (4,007,552) (4,669,269)
Financing Activities    
Cash dividends to shareholders (1,055,374)  
Proceeds from issuance of common stock 141,621 93,979
Tax benefit (expense) from exercise of stock-based awards 4,060 7,895
Net cash provided by (used in) financing activities (909,693) 101,874
Net increase (decrease) in cash and cash equivalents (487,813) 22,716
Cash and cash equivalents at beginning of year 8,761,925 8,739,209
Cash and cash equivalents at end of year 8,274,112 8,761,925
Schedule of non-cash investing and financing activities:    
Additions to buildings and equipment funded through accounts payable 130,934 46,157
Additions to land funded by capital lease borrowings 3,178,294  
Purchase of land through qualified intermediary 4,881,000  
Cancellation of stock appreciation rights 641,420  
Proceeds from land sale remitted to qualified intermediary 1,459,042  
Payment for purchase of land remitted from qualified intermediary 1,442,706  
Receivable from qualified intermediary 16,336  
Supplemental disclosure of cash flow information:    
Income taxes paid, net of refunds $ 1,930,000 $ 650,000