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Condensed Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 5,108,561$ 7,768,414
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization10,144,9999,919,984
Amortization of deferred loan costs193,184193,184
Share based compensation1,238,9721,221,370
Provision for bad debts(81,595)705,450
Loss (gain) on demolition and disposal of assets3,428,500(16,000)
Deferred income taxes225,079321,450
Changes in operating assets and liabilities:  
Receivables869,427(2,016,867)
Inventories(23,527)(93,350)
Prepaid expenses and other current assets(298,772)172,978
Accounts payable(2,297,479)(2,011,469)
Accrued expenses(236,478)1,684,697
Federal income taxes(700,479)(1,097,395)
Net cash provided by operating activities17,570,39216,752,446
Cash flows from investing activities:  
Proceeds from sale of assets1,50016,000
Acquisition of property and equipment(3,831,301)(3,940,403)
Acquisition deposit(3,800,000) 
Net cash used in investing activities(7,629,801)(3,924,403)
Cash flows from financing activities:  
Proceeds from exercise of stock options 95,372
Principal payments on long-term debt(16,600,000)(16,500,000)
Borrowings under credit facility4,000,000 
Loan commitment fees(240,419) 
Net cash used in financing activities(12,840,419)(16,404,628)
Net decrease in cash(2,899,828)(3,576,585)
Cash and cash equivalents at beginning of period13,800,60414,420,323
Cash and cash equivalents at end of period10,900,77610,843,738
Supplemental disclosure of cash flow information:  
Cash paid for interest395,592896,648
Cash paid for income taxes3,200,0004,950,000
Non cash transaction - reduction of jackpot liability$ 638,865