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GOODWILL & OTHER INTANGIBLES (Tables) | 6 Months Ended
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Jun. 30, 2012
Contract Rights and Goodwill and Other Intangibles [Abstract] |
Schedule of Other intangible assets, net |
|  | June 30, 2012 (unaudited) |
|  | Estimated Life (years) |  |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Cumulative Expense / Disposals |  |  | Intangible Assets, Net |
Amortizing Intangibles assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Player Loyalty Program - Rising Star |  |  | 3 |  |  | $ | 1,700,000 |  |  | $ | (708,333 | ) |  | $ | - |  |  | $ | 991,667 |
Wells Fargo Bank Loan Fees |  |  | 5 |  |  |  | 2,614,438 |  |  |  | (924,336 | ) |  |  | (1,690,102 | ) |  |  | - |
Capital One Bank Loan Fees |  |  | 3 |  |  |  | 165,265 |  |  |  |  |  |  |  |  |  |  |  | 165,265 |
Non-amortizing intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gaming License-GEI - Rising Star |  | Indefinite |  |  |  | 9,900,000 |  |  |  | - |  |  |  | - |  |  |  | 9,900,000 |
Gaming License- Silver Slipper Casino Venture, LLC |  | Indefinite |  |  |  | 142,081 |  |  |  | - |  |  |  | - |  |  |  | 142,081 |
Gaming Licensing Costs - Nevada |  | Indefinite |  |  |  | 516,807 |  |  |  | - |  |  |  | 1 |  |  |  | 516,808 |
Trademarks |  | Indefinite |  |  |  | 28,920 |  |  |  | - |  |  |  | 2,668 |  |  |  | 31,588 |
|  |  |  |  |  | $ | 15,067,511 |  |  | $ | (1,632,669 | ) |  | $ | (1,687,433 | ) |  | $ | 11,747,409 |
|  | December 31, 2011 |
|  | Estimated Life (years) |  |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Cumulative Expense / (Disposals) |  |  | Intangible Assets, Net |
Amortizing Intangibles assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Player Loyalty Program - Rising Star |  |  | 3 |  |  | $ | 1,700,000 |  |  | $ | (425,000 | ) |  | $ | -- |  |  | $ | 1,275,000 |
Nevada State Bank Loan Fees |  |  | 15 |  |  |  | 218,545 |  |  |  | (218,545 | ) |  |  | -- |  |  |  | -- |
Wells Fargo Bank Loan Fees |  |  | 5 |  |  |  | 2,614,438 |  |  |  | (715,946 | ) |  |  | -- |  |  |  | 1,898,492 |
Non-amortizing intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gaming License-GEI - Rising Star |  | Indefinite |  |  |  | 9,900,000 |  |  |  | -- |  |  |  | - |  |  |  | 9,900,000 |
Gaming Licensing Costs |  | Indefinite |  |  |  | 484,676 |  |  |  | -- |  |  |  | 32,131 |  |  |  | 516,807 |
Trademarks |  | Indefinite |  |  |  | 26,889 |  |  |  | -- |  |  |  | 2,031 |  |  |  | 28,920 |
|  |  |  |  |  | $ | 14,944,548 |  |  | $ | (1,359,491 | ) |  | $ | 34,162 |  |  | $ | 13,619,219 |

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- Definition Tabular disclosure of characteristics and cost, by total and major class, of indefinite-lived intangible assets acquired as part of a business combination. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. The future benefit is not expected to diminish over a stated period of time. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 44 -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4922-128472 + Details
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