Las Vegas Resort Investment 10-Q 13 Jan 15 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	30-Sep-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3
Entity Registrant Name	STOCKBRIDGE/SBE INVESTMENT COMPANY, LLC
Entity Central Index Key	1606965
Current Fiscal Year End Date	-19
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	0

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current assets
Cash and cash equivalents	$22,202,853	$2,583,776
Restricted cash	9,171,793	4,435,345
Inventories	3,932,378
Accounts receivable, net	3,540,656	179,028
Prepaid expenses and other current assets	6,360,667	675,949
Total current assets	45,208,347	7,874,098
Restricted cash	44,151,213	287,803,656
Property and equipment, net (Note 8)	492,561,304	79,815,396
Development in progress (Note 8)		178,860,469
Deferred financing costs, net	59,386,227	33,904,268
Other assets (Note 8)	8,170,315	298,638
Total assets	649,477,406	588,556,525
Liabilities and Members' (Deficit) Equity
Notes payable	4,247,350
Accounts payable and accrued expenses	57,419,308	34,524,769
Due to related parties, net (Note 8)	14,185,243	569,279
Total current liabilities	75,851,901	35,094,048
Notes payable	7,347,754
Loans payable	536,000,000	450,000,000
Other long-term liabilities	36,658,430	9,517,444
Total liabilities	655,858,085	494,611,492
Commitments and contingencies (Note 10)
Members' (deficit) equity	-6,380,679	93,945,033
Total liabilities and members' (deficit) equity	$649,477,406	$588,556,525

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues
Casino	$5,172,483		$5,172,483
Hotel	5,376,994		5,376,994
Food and beverage	8,956,402		8,956,402
Retail and other	472,040	23,224	488,086	65,142
Gross revenues	19,977,919	23,224	19,993,965	65,142
Less: promotional allowances	-1,971,058		-1,971,058
Net revenues	18,006,861	23,224	18,022,907	65,142
Operating expenses
Casino (Note 8)	4,972,495		4,972,495
Hotel (Note 8)	2,254,904		2,254,904
Food and beverage (Note 8)	11,441,152		11,441,152
Retail and other (Note 8)	335,825		335,825
Provision for doubtful accounts	153,206		153,206
General and administrative (Note 8)	8,931,917	489,731	11,149,512	1,635,196
Corporate (Note 8)	731,264		731,264
Pre-opening (Note 8)	23,165,396	3,424,648	41,495,706	7,412,366
Management fees (Note 8)	542,312		542,312
Depreciation and amortization	3,641,381	76,104	4,298,441	167,444
Loss on disposal of property and equipment			15,917
Total operating expenses	56,169,852	3,990,483	77,390,734	9,215,006
Operating loss	-38,162,991	-3,967,259	-59,367,827	-9,149,864
Other income (expense)
Loss on early retirement of debt		-5,458,669	-21,875,324	-5,458,669
Interest income	32,656	44,351	82,964	149,738
Interest expense, net of capitalized interest	-7,661,497	-9,304,296	-19,165,527	-29,696,656
Total other expense	-7,628,841	-14,718,614	-40,957,887	-35,005,587
Net loss	($45,791,832)	($18,685,873)	($100,325,714)	($44,155,451)

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities
Net loss	($100,325,714)	($44,155,451)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	4,298,441	167,444
Amortization of deferred financing costs	8,497,685	4,089,489
Loss on disposal of property and equipment	15,917
Loss on early retirement of debt	21,875,324	5,458,669
Prepayment premium on early retirement of debt	-15,000,000	-1,500,000
Provision for doubtful accounts	153,206
Changes in operating assets and liabilities
Accounts receivable, net	-3,514,833	142,088
Inventories	-3,932,378
Prepaid expenses and other current assets	-6,085,436	-379,176
Other assets	-7,521,678	12,159
Accounts payable and accrued expenses	13,225,898	-349,300
Due to related parties, net	13,673,131	568,843
Other long-term liabilities	1,329,443	106,777
Net cash used in operating activities	-73,310,994	-35,838,458
Cash flows from investing activities
Proceeds from disposal of property and equipment	26,600
Purchases of property and equipment	-2,807,482	-724,986
Payments for development in progress	-220,680,217	-41,642,271
Decrease (increase) in restricted cash	238,915,995	-64,183,301
Net cash provided by (used in) investing activities	15,454,896	-106,550,558
Cash flows from financing activities
Contributions from member	5,000,000	42,207,750
Distributions to member		-1,477
Contribution repaid to member	-5,000,000
Payments for deferred financing costs	-7,573,026	-10,289,826
Proceeds from loans payable	186,500,000	200,000,000
Payments on notes payable	-951,799
Payments on loans payable	-100,500,000	-86,773,333
Net cash provided by financing activities	77,475,175	145,143,114
Net increase in cash and cash equivalents	19,619,077	2,754,098
Cash and cash equivalents, beginning of period	2,583,776	312,112
Cash and cash equivalents, end of period	22,202,853	3,066,210
Supplemental cash flow disclosure
Cash paid during the period for interest, net of interest capitalized	10,645,559	25,505,905
Supplemental disclosure of non-cash investing and financing activities
Amounts included in accounts payable and accrued expenses capitalized to property and equipment, net	29,843,083	164,539
Amounts included in accounts payable and accrued expenses for prepaid expenses and other current assets	28,500	22,391
Accounts Payable
Supplemental disclosure of non-cash investing and financing activities
Capitalized to development in progress		8,940,576
Accounts payable and accrued expenses
Supplemental disclosure of non-cash investing and financing activities
Capitalized to deferred financing costs, net	11,139,539	1,707,200
Other long- term liabilities
Supplemental disclosure of non-cash investing and financing activities
Capitalized to deferred financing costs, net	35,094,709	5,648,611
Due to related parties
Supplemental disclosure of non-cash investing and financing activities
Capitalized to development in progress		26,152
Prepaid expenses
Supplemental disclosure of non-cash investing and financing activities
Capitalized to development in progress	$314,061	$265,975

Organization

Organization	9 Months Ended
	Sep. 30, 2014
Organization	1	Organization
	Stockbridge/SBE Investment Company, LLC (the “Company”), a Delaware limited liability company, was formed on April 13, 2012 for the purpose of investing in Stockbridge/SBE Holdings, LLC (“Holdings”), a Delaware limited liability company, the owner of the property formerly known as Sahara Hotel and Casino in Las Vegas, Nevada (the “Property” or the “SLS Las Vegas”).
	The Company has two members: the Class A member is Stockbridge/SBE Voteco Company, LLC (“Voteco”), a Delaware limited liability company formed on April 13, 2012, which holds 100% of the voting rights with no economic interest in the Company; and the Class B member is Stockbridge/SBE Intermediate Company, LLC (“Intermediateco”), a Delaware limited liability company formed on April 23, 2012, which holds 100% of the economic interest with no voting rights in the Company.
	Stockbridge Fund II Co-Investors LV Investment, LLC (the “Co-Investors Fund”); Stockbridge Fund II LV Investment, LLC, Stockbridge Fund II D LV Investment, LLC, Stockbridge Fund II E LV Investment, LLC and Stockbridge Fund III LV Investment, LLC (“Stockbridge Fund III”) (collectively, “Stockbridge”), all Delaware limited liability companies; SBE Las Vegas Holdings I, LLC (“SBE”), a Delaware limited liability company; and AREFIN Sahara Equity LLC (“AREA”) are the members of Intermediateco. As of September 30, 2014 and December 31, 2013, Stockbridge and SBE own 90% and 10%, respectively, of Intermediateco. AREA holds no economic interest in Intermediateco.
	Distributable cash and allocations of profits and losses are made to the members of the Company pursuant to its operating agreement.
	On February 13, 2014, Holdings formed SB Gaming, LLC (“SB Gaming”), a Nevada limited liability company, for the purpose of becoming the operator of the gaming-related activities at the Property, which opened to the public on August 23, 2014 (the “Opening”). Holdings is the sole member of SB Gaming.
	The Company filed a Registration Statement on Form 10 on May 7, 2014, which became effective under the Securities Exchange Act of 1934, as amended, on July 7, 2014.
	Acquisition of the Property
	On August 1, 2007, Holdings acquired the Property (the “Acquisition”) for total consideration of $354,269,478, inclusive of closing costs. Holdings provided gaming and lodging amenities (the “Casino and Hotel Operations”), which were managed by various parties under certain management or lease agreements. Holdings had planned to renovate and reposition the Property (the “Renovation Project”); however, in August 2009, the Renovation Project was suspended due to the market conditions in Las Vegas. Holdings ceased its Casino and Hotel Operations on May 16, 2011 and closed the Property (the “Closure”). In connection with the termination of the Casino and Hotel Operations, management determined that it would be appropriate to recommence the Renovation Project in September 2011.
	Historically, the Company has not generated sufficient cash flows from operations to meet its obligations and has met these operating shortfall requirements principally with contributions from Stockbridge and SBE. On May 2, 2012, the Company secured a $300,000,000 senior construction facility (the “Senior Construction Facility”) (Note 7) that was arranged by J.P. Morgan Securities, LLC (“J.P. Morgan”). The net proceeds of the Senior Construction Facility were deposited into an escrow account administered by KeyCorp Real Estate Capital Markets, Inc. (“KeyCorp”), to be released upon the Company meeting certain conditions, including securing a minimum of $115,000,000 of additional construction financing (the “Junior Construction Facility”) (Note 7). In February 2013, the Company negotiated an early construction start date and deposited $24,361,631 into an escrow account administered by KeyCorp to be used to finance the first six months of construction, while the Junior Construction Facility fundraising was completed (Note 7). The Senior Construction Facility and Junior Construction Facility are collectively the “Construction Facilities.” Additionally, on September 16, 2014, Holdings entered into a revolving credit agreement (the “Revolving Credit Agreement”) arranged by J.P. Morgan and administered by JPMorgan Chase Bank, N.A. (“JPM Chase Bank”), which provides for up to $65,000,000 through a senior secured revolving credit facility (the “Revolving Credit Facility”) (Note 7).
	Stockbridge Fund III has confirmed to the Company that it has the intent to provide sufficient funds to the Company, if necessary and if unavailable through other sources, through December 31, 2014 up to a maximum of $40,000,000 to enable the Company to pay its obligations as they become due. The Company’s ability to pay its obligations as they become due through December 31, 2014 is dependent upon achieving budgets and forecasts for the period, including those related to the Renovation Project.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
Summary of Significant Accounting Policies	2	Summary of Significant Accounting Policies
	The preparation of the unaudited interim consolidated financial statements requires management to make use of estimates and assumptions that affect the reported amount of assets and liabilities, expenses and certain financial statement disclosures. Actual results may differ from these estimates.
	The unaudited interim consolidated financial statements for the three and nine months ended September 30, 2014 and 2013 and balance sheet as of September 30, 2014 included herein are unaudited, but in our opinion, include all adjustments (which consist of only normal recurring adjustments) necessary to make a fair statement of the financial position at September 30, 2014 and the results of operations and the cash flows for the periods presented herein. The results of operations for the nine months ended September 30, 2014 are not necessarily indicative of the operating results expected for the full fiscal year.
	The unaudited interim consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Although we believe the disclosures made are adequate to make the information presented not misleading, certain information normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States has been omitted pursuant to such rules or regulations. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Registration Statement on Form 10, which was filed with the SEC on May 7, 2014.
	Basis of Accounting
	The accompanying consolidated financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
	Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary, Holdings, SB Gaming and Nav-Strip, LLC (“Nav-Strip”). Nav-Strip was initially a wholly-owned subsidiary of Navegante Gaming, LLC (“Navegante”). On December 21, 2011, Navegante assigned its interest in Nav-Strip to Holdings, and Nav-Strip became a wholly-owned subsidiary of Holdings.
	Use of Estimates
	The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
	Cash and Cash Equivalents
	The Company classifies highly liquid investments with original maturities of three months or less from the date acquired as cash and cash equivalents.
	Restricted Cash
	The Company classifies cash that is restricted for specific purposes and is unavailable for general use as restricted cash. Pursuant to the Construction Facilities, the net proceeds were deposited into lender and lender related accounts and have been included in restricted cash in the accompanying consolidated balance sheets. In addition, the Company is required to establish and maintain debt service reserves for its loans payable (Note 7). The debt service reserves have also been included in restricted cash in the accompanying consolidated balance sheets. A portion of restricted cash is classified as a noncurrent asset because it will primarily be used to fund the Renovation Project and for the repayment of loans payable. Additionally, cash posted as collateral for letters of credit issued in favor of the Company are classified as restricted cash.
	Inventories
	Inventories primarily consist of food, beverage and retail items, which are stated at the lower of cost or market value. Cost is determined by the weighted average identification method.
	Property and Equipment
	Property and equipment and major renewals and betterments are stated at cost. Maintenance and repairs that do not materially add value to the asset or prolong its estimated useful life are charged to expense when incurred. Gains or losses on dispositions of property and equipment are recognized in the statements of operations.
	Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets as follows:
	Building and improvements			15 - 39 years
	Furniture, fixtures and equipment			5 - 7 years
	Leasehold improvements			Lease term
	Development in Progress
	The Company’s capitalization policy for development projects is guided by ASC Topic 835-20 (“ASC 835-20”), Capitalization of Interest, and ASC Topic 970-10, Real Estate – General. The capitalized costs include pre-construction costs essential to the Renovation Project, including design development costs, development fees, real estate taxes, insurance and other costs incurred during the development period. Additionally, in accordance with ASC 835-20, interest costs associated with major construction projects such as the Renovation Project are capitalized as part of the cost of the project. Due to the market conditions in Las Vegas, the Renovation Project was suspended in August 2009 and interest, real estate taxes and insurance were expensed subsequent to August 2009. Feasibility of the Renovation Project improved subsequent to the Closure, and management determined that it would be appropriate to recommence the Renovation Project in September 2011. Accordingly, the Company began capitalizing real estate taxes and insurance as part of the cost of the project commencing in September 2011. In addition, in September 2011, the Company stopped depreciating the building and improvements and reclassified the net book value of the assets of $21,286,363 to development in progress in the accompanying consolidated balance sheets. On May 2, 2012, the Company received funds related to the Senior Construction Facility held in lender-related escrow accounts and began paying the associated interest. Accordingly, the Company began capitalizing interest as part of the cost of the project commencing in May 2012. The amount of interest capitalized was determined by applying the interest rate on the Senior Construction Facility to amounts paid for the Renovation Project until May 1, 2013, when the Company received funds related to the Junior Construction Facility; thereafter, the amount of interest capitalized was determined by using a weighted average cost of debt outstanding. For the three months ended September 30, 2014 and 2013, interest of $1,545,070 and $1,326,974, respectively, was capitalized. For the nine months ended September 30, 2014 and 2013, interest of $6,300,419 and $3,156,923, respectively, was capitalized.
	Upon the Opening of the Property, the assets comprising development in progress were put into service and the capitalization period ceased. The Company transferred the development in progress balance to the applicable classes of property and equipment in the accompanying consolidated balance sheets and began to record depreciation and amortization for these assets.
	Long-Lived Assets
	In accordance with the guidance in ASC Topic 360-10 (“ASC 360-10”), Property, Plant and Equipment, the Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the carrying amount of the asset exceeds its estimated undiscounted net cash flow, before interest, the Company would recognize an impairment loss equal to the difference between its carrying amount and its estimated fair value. If an impairment was recognized, the reduced carrying amount of the asset would be accounted for as its new cost. Generally, fair values are estimated using a discounted cash flow, direct capitalization or market comparison analysis. The process of evaluating for impairment requires estimates as to future events and conditions, which are subject to varying market and economic factors. Therefore, it is reasonably possible that a change in estimate resulting from judgments as to future events could occur, which would affect the recorded carrying amounts of the long-lived assets.
	As of September 30, 2014 and December 31, 2013, no events or changes in circumstances were identified which would indicate that the carrying value of the long-lived assets was not fully recoverable. Accordingly, no impairment was recorded for the three and nine months ended September 30, 2014 and the year ended December 31, 2013.
	Deferred Financing Costs
	Costs incurred in connection with obtaining financing are capitalized and amortized to interest expense using the straight-line method, which approximates the effective interest method, over the term of the related debt arrangement. During the nine months ended September 30, 2014 and the year ended December 31, 2013, respectively, the Company incurred costs related to the Senior Construction Facility of $0 and $8,039,934, respectively, which have been capitalized as deferred financing costs in the accompanying consolidated balance sheets. In August 2013, the Company paid down $50.0 million of the Senior Construction Facility and, as a result, the Company wrote off $3,958,669 of the deferred financing costs, which is included in loss on early retirement of debt in the consolidated statements of operations for the nine months ended September 30, 2013. Similarly, in January 2014, the Company paid down an additional $100.0 million of the Senior Construction Facility and, as a result, the Company wrote off an additional $6,875,324 of the deferred financing costs, which is included in loss on early retirement of debt in the consolidated statements of operations for the nine months ended September 30, 2014.
	The Company incurred costs related to the Junior Construction Facility of $39,851,189 and $15,858,673 during the nine months ended September 30, 2014 and the year ended December 31, 2013, respectively, which have been capitalized as deferred financing costs in the accompanying consolidated balance sheets.
	The Company incurred costs related to the Revolving Credit Facility of $1,353,779 and $0 during the nine months ended September 30, 2014 and the year ended December 31, 2013, respectively, which have been capitalized as deferred financing costs in the accompanying consolidated balance sheets.
	Other Assets
	Other long-term assets primarily consist of the Company’s base stock of china, glassware, uniforms, etc., as well as other deposits.
	Revenue Recognition and Promotional Allowances
	The Company recognizes revenues at the time persuasive evidence of an arrangement exists, the service is provided or the retail goods are sold, prices are fixed or determinable and collection is reasonably assured.
	Casino revenues are measured by the aggregate net difference between gaming wins and losses, with liabilities recognized for funds deposited by customers before gaming play occurs and for chips in the customers’ possession. Hotel, food and beverage, and other operating revenues are recognized when services are performed. Advance deposits are recorded as other long-term liabilities until services are provided to the customer.
	The Company has established a guest reward program called the “The Code” to reward members for the total amount they spend across all the venues and amenities offered at the SLS Las Vegas. Members can earn “points” based upon the amount they spend and such members can redeem their points for free play and other goods and services subject to the established program rules, as amended and modified from time to time. In accordance with industry practice, the retail value of redeemed accommodations, food and beverage, and other services furnished to guests without charge is included in gross revenues and then deducted as promotional allowances.
	The Company accrues points expected to be earned for goods and services as an operating expense within the respective department. The accruals are based on estimates and assumptions regarding the mix of free play and other goods and services that will be redeemed and the costs of providing those benefits. Management continually assesses these estimates and assumptions against actual data as it becomes available. Changes in estimates or customer redemption habits could produce significantly different results. As of September 30, 2014 and December 31, 2013, the Company had accrued $77,038 and $0, respectively, for the estimated cost of providing these benefits, which have been included in accounts payable and accrued expenses in the accompanying consolidated balance sheets.
	The estimated departmental cost of providing promotional allowances for the nine months ended September 30, 2014 and 2013, which are included primarily in casino operating expenses, are as follows:
			Nine Months Ended September 30,
			2014		2013
			(Unaudited)		(Unaudited)
	Hotel		$	426,271	$	—
	Food and beverage			732,958		—
			$	1,159,229	$	—
	Advertising Costs
	Costs for advertising are expensed as incurred. For the three months ended September 30, 2014 and 2013, advertising costs totaling $1,686,691 and $0, respectively, are included in general and administrative expenses and $3,359,841 and $135,088, respectively, are included in pre-opening expenses. For the nine months ended September 30, 2014 and 2013, advertising costs totaling $1,686,691 and $0, respectively, are included in general and administrative expenses and $4,673,314 and $250,139, respectively, are included in pre-opening expenses.
	Pre-Opening Expenses
	The Company accounts for costs incurred in the pre-opening phase of new ventures in accordance with accounting standards regarding start-up activities. Pre-opening expenses represent personnel and other costs incurred prior to the opening of new ventures and are expensed as incurred.
	Income Taxes
	Prior to 2012, Holdings had elected to be taxed as a partnership for federal and state tax purposes. Taxable income or loss of Holdings flowed through to the initial members of Holdings (the “Initial Holdings Members”) and was reported on the Initial Holdings Members’ individual income tax returns. On May 2, 2012, the Company became the sole member of Holdings, thereby making Holdings a disregarded entity for federal and state income tax purposes. The Company, as a wholly owned subsidiary of Intermediateco, is treated as a disregarded entity for federal and state income tax purposes. Accordingly, no provision for federal and state income taxes is reflected in the accompanying consolidated financial statements.
	Fair Value
	Fair value in accordance with the guidance in ASC Topic 820-10 (“ASC 820-10”), Fair Value Measurements and Disclosures, is based on an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. ASC 820-10 clarifies that transaction or selling costs should be excluded when determining fair value, more specifically the exit price.
	ASC 820-10 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to Level 1 measurements, which include unadjusted quoted prices within active markets for identical assets or liabilities. The next priority is given to Level 2 measurements, which include quoted prices in markets which are not active or inputs that are observable, either directly or indirectly. The lowest priority is given to Level 3 measurements, which include prices or valuation techniques that require unobservable inputs. The Financial Accounting Standards Board has provided guidance that in certain circumstances inactive markets utilizing unobservable, or Level 3, inputs may be more appropriate than using observable inputs, as asset sales in inactive markets and/or distressed asset sales are not necessarily determinative of fair value. Inactive markets are recognized as those in which there is a significant variance between the bid–ask spread and a significant decrease in trading volume.
	Financial Instruments
	The Company determines the fair value of financial instruments as required by ASC Topic 825-10, Financial Instruments.
	The carrying amounts for cash and cash equivalents, receivables, prepaid expenses and other current assets and accounts payable and accrued expenses approximate their fair values due to their short-term nature.
	The Company values its debt periodically, using indicative pricing from market information (Level 2 inputs). The fair value of debt can be affected by, among other things, the availability of capital, interest rates and inflation rates. As a result, determining the fair value involves subjective assumptions and estimates. As of September 30, 2014 and December 31, 2013, the carrying amount of the Company’s Senior Construction Facility approximated its fair value.
	The Company has determined that it is not practicable to estimate the fair value of the Junior Construction Facility. The Junior Construction Facility has been secured from lenders utilizing the EB-5 Immigrant Investor Pilot Program (“EB-5 Program”), which is administered by the U.S. Citizenship and Immigrations Services (“USCIS”) (Note 7). Under the EB-5 Program, foreign citizens are able to obtain green cards and permanent residence status through approved participation in the program. Since the EB-5 Program, on which the Junior Construction Facility relies, is administered by the federal government and results in benefits to investors that can only be obtained from the federal government, it is not practicable to estimate the fair value, as defined in ASC 820-10, of the Junior Construction Facility.
	Concentration of Credit Risk
	Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents in excess of FDIC insured limits. The Company believes that it mitigates credit risk by depositing cash with financial institutions that have a high credit rating.
	Reclassifications
	For the three and nine months ended September 30, 2013, we have reclassified certain revenues and operating expenses on the Company’s consolidated statements of operations to conform to current period presentations. These reclassifications had no effect on previously reported net loss.
Such reclassifications include our presentation of pre-opening expenses on the consolidated statements of operations. Historically, all pre-opening expenses of the Company had been included in general and administrative expenses in the consolidated statements of operations. Beginning with the three and nine months ending September 30, 2014, we are presenting pre-opening costs separately.
Recently Issued Accounting Pronouncements
In May 2014, the FASB issued an accounting standard update on revenue recognition that will be applied to all contracts with customers. The update requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects what it expects in exchange for the goods or services. It also requires more detailed disclosures to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The guidance will be required to be applied on a retrospective basis, using one of two methodologies, and will be effective for fiscal years beginning after December 15, 2016, with early application not being permitted. The Company is currently assessing the impact that the guidance will have on the Company’s financial condition and results of operations.
In August 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-15. Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which explicitly requires management to assess an entity’s ability to continue as a going concern, and to provide related footnote disclosures in certain circumstances. Management will be required to assess, in each interim and annual period, if there is substantial doubt of an entity’s ability to continue as a going concern as evidenced by relevant known or knowable conditions including an entity’s ability to meet its future obligations. Management will be required to provide disclosures regardless of whether substantial doubt is alleviated by management’s plans. The guidance will become effective for annual fiscal periods ending after December 15, 2016.

Accounts_Receivable_Net

Accounts Receivable, Net	9 Months Ended
	Sep. 30, 2014
Accounts Receivable, Net	3	Accounts Receivable, Net
	Accounts receivable, net consist of the following:
			September 30,			December 31,
			2014			2013
			(Unaudited)
	Casino		$	870,000		$	—
	Hotel			1,803,472			—
	Other			1,020,390			179,028
				3,693,862			179,028
	Less: allowance for doubtful accounts			(153,206	)		—
	Total accounts receivable, net		$	3,540,656		$	179,028
	Accounts receivable, including casino and hotel receivables, are typically non-interest bearing. The Company issues credit to approved casino customers following investigations of creditworthiness. The allowance is estimated based on specific review of customer accounts as well as management’s experience with collection trends in the gaming and hospitality industry and current economic and business conditions.

Prepaid_Expenses_and_Other_Cur

Prepaid Expenses and Other Current Assets	9 Months Ended
	Sep. 30, 2014
Prepaid Expenses and Other Current Assets	4	Prepaid Expenses and Other Current Assets
	Prepaid expenses and other current assets consist of the following:
			September 30,		December 31,
			2014		2013
			(Unaudited)
	Prepaid expenses		$	5,787,454	$	505,650
	Other current assets			573,213		170,299
	Total prepaid expenses and other current assets		$	6,360,667	$	675,949
	Prepaid expenses as of September 30, 2014 and December 31, 2013 consist primarily of expenses relating to insurance, gaming taxes, marketing, operations, property maintenance and other taxes. Other current assets as of September 30, 2014 and December 31, 2013 consist primarily of advance deposits relating to restaurants and retail management agreements and other security deposits.

Property_and_Equipment_Net

Property and Equipment, Net	9 Months Ended
	Sep. 30, 2014
Property and Equipment, Net	5	Property and Equipment, Net
	Property and equipment, net consist of the following:
			September 30, 2014			December 31, 2013
			(Unaudited)
	Land and improvements		$	86,343,433		$	76,672,216
	Building and improvements			244,380,647			—
	Furniture, fixtures and equipment			167,267,158			4,739,195
	Leasehold improvements			230,913			—
	Total property and equipment			498,222,151			81,411,411
	Less: accumulated depreciation			(5,660,847	)		(1,596,015	)
	Property and equipment, net		$	492,561,304		$	79,815,396
	Depreciation and amortization of $3,641,381 and $76,104 was incurred during the three months ended September 30, 2014 and 2013, respectively; and, $4,298,441 and $167,444, was incurred during the nine months ended September 30, 2014 and 2013, respectively.

Accounts_Payable_and_Accrued_E

Accounts Payable and Accrued Expenses	9 Months Ended
	Sep. 30, 2014
Accounts Payable and Accrued Expenses	6	Accounts Payable and Accrued Expenses
	Accounts payable and accrued expenses consist of the following:
			September 30, 2014		December 31, 2013
			(Unaudited)
	Development in progress		$	—	$	26,465,511
	Deferred financing costs			11,139,539		3,319,139
	Property and equipment			29,843,083		1,442,672
	Chip liability			4,090,060		—
	Other			12,346,626		3,297,447
	Total accounts payable and accrued expenses		$	57,419,308	$	34,524,769

Loans_and_Notes_Payable

Loans and Notes Payable	9 Months Ended
	Sep. 30, 2014
Loans and Notes Payable	7	Loans and Notes Payable
	Loans and notes payable consist of the following:
			September 30, 2014			December 31, 2013
			(Unaudited)
	Senior Construction Facility		$	150,000,000		$	250,000,000
	Junior Construction Facility			386,000,000			200,000,000
	Total loans payable			536,000,000			450,000,000
	Notes payable			11,595,104			—
	Less: current portion			(4,247,350	)		—
	Total loans and notes payable		$	543,347,754		$	450,000,000
	Senior Construction Facility
	On May 2, 2012, the Company secured the Senior Construction Facility and entered into an escrow and security agreement (the “Escrow Agreement”) with KeyCorp. The Company paid a closing fee equal to 5.00% of the stated principal amount of the Senior Construction Facility totaling $15,000,000, which has been capitalized as deferred financing costs in the accompanying consolidated balance sheets. The net proceeds of the Senior Construction Facility of $285,000,000 were deposited into an escrow account (the “Escrow Account”) administered by KeyCorp to be released upon the Company meeting certain conditions, including securing a minimum of $115,000,000 through the Junior Construction Facility by November 2, 2012, with an option to extend this date for an additional period of three months. On November 1, 2012, the Company exercised its extension option and deposited $9,966,667 into the Escrow Account representing interest due on the Senior Construction Facility through February 3, 2013.
	The Senior Construction Facility bears interest at London Interbank Offered Rate (“LIBOR”) plus 11.00%, with a minimum interest rate of 13.00% and matures on the earlier of (i) May 2, 2017 or (ii) six months prior to the maturity date of the Junior Construction Facility.
	On January 31, 2013, the Company entered into an amendment to the Senior Construction Facility which provided, among other things, that (i) the Senior Construction Facility could be reduced by up to $150,000,000; (ii) the Company could continue to raise the Junior Construction Facility up to maximum amount of $300,000,000 until February 2014, subject to a $150,000,000 reduction of the Senior Construction Facility; (iii) the renovation of the Property could commence in advance of the release of the Senior Construction Facility proceeds from the Escrow Account; and (iv) the Company could extend the date by which it is required to meet the conditions to release the Senior Construction Facility proceeds from escrow for two additional periods of three months each. On February 4, 2013, the Company exercised its first extension option under the amended facility and deposited $9,750,000 into the Escrow Account representing interest due on the Senior Construction Facility through May 2, 2013. On May 1, 2013, the Company exercised its second extension option under the amended facility and deposited $9,858,333 into the Escrow Account representing interest due on the Senior Construction Facility through August 1, 2013.
	On February 14, 2013, Stockbridge and SBE made capital contributions to the Company totaling $24,361,631, which were deposited into an escrow account administered by KeyCorp. These funds are Qualified Additional Financing (as defined in the Senior Construction Facility loan documents) and were used to finance construction of the Renovation Project for the first six months of construction, while the Junior Construction Facility fundraising continued. On the same date, the Company commenced construction of the Renovation Project.
	On July 25, 2013, the Company entered into a second amendment to the Senior Construction Facility, which raised the maximum amount of the Junior Construction Facility from $300,000,000 to $400,000,000, provided that, no later than February 2, 2014, the principal amount of the Senior Construction Facility was reduced to $150,000,000, subject to the following conditions: (i) to the extent that the aggregate amount of the Junior Credit Facility does not exceed $125,000,000, no reduction of the Senior Construction Facility is required; (ii) to the extent that the aggregate amount of the Junior Construction Facility exceeds $125,000,000 but does not exceed $175,000,000, the Senior Construction Facility will be reduced by $50,000,000; (iii) to the extent that the aggregate amount of the Junior Construction Facility exceeds $175,000,000 but does not exceed $200,000,000, no reduction of the Senior Construction Facility is required; (iv) to the extent that the aggregate amount of the Junior Construction Facility exceeds $200,000,000 but does not exceed $300,000,000, the Senior Construction Facility will be reduced on a dollar-for-dollar basis; and (v) to the extent that the aggregate amount of the Junior Construction Facility exceeds $300,000,000 but does not exceed $400,000,000, no reduction of the Senior Construction Facility is required.
	The second amendment to the Senior Construction Facility also provided, among other things, that (i) interest payments are to be made monthly in advance after August 2, 2013 up to and including the date of First Disbursement (as defined in the Senior Construction Facility loan documents); (ii) certain conditions required to be met to release the Escrow Account were revised; (iii) certain conditions required to be met in order for the Company to draw down on the Senior Construction Facility were implemented; and (iv) the Company could utilize deposits made to the Escrow Account or proceeds from the Junior Construction Facility to prepay the Senior Construction Facility, pursuant to the prepayment conditions described in the preceding paragraph.
	On August 2, 2013, the conditions required to release the Escrow Account were met, and the proceeds were released. Of the proceeds from the Escrow Account, $50,000,000 was utilized to pay down the Senior Construction Facility and $1,500,000 was utilized to pay a prepayment premium equal to 3.00% of the principal repayment of the Senior Construction Facility, which is included in loss on early retirement of debt in the consolidated statements of operations. Prepaid interest totaling $1,847,685 was transferred to an interest reserve account and the balance of the Escrow Account was reserved to fund a portion of project costs.
	On January 30, 2014, the Company, using restricted cash, prepaid an additional $100,000,000 of the Senior Construction Facility, reducing the balance to $150,000,000 and paid a prepayment premium equal to 15.00% of the principal repaid, totaling $15,000,000, which is included in loss on early retirement of debt in the consolidated statements of operations.
	On September 16, 2014, the Company entered into a third amendment to the Senior Construction Facility, which provided for, among other things, the consent to secure the Revolving Credit Facility.
	The use of proceeds to make repayments or pay prepayment premiums do not qualify as disbursements under the Senior Construction Facility. The First Disbursement (as defined in the Senior Construction Facility loan documents) under the Senior Construction Facility occurred on July 29, 2014. As of September 30, 2014 the undrawn portion of the Senior Construction Facility was $40,646,889.
	Junior Construction Facility
	The Junior Construction Facility lenders have raised and are continuing to raise the Junior Construction Facility through the EB-5 Program, which allows foreign citizens to obtain green cards and permanent residence status upon the satisfaction of certain requirements stemming from investments which create jobs for U.S. citizens and legal residents. Such investments may be made in a lender that provides debt financing for a project that creates jobs, which is the model used for the Renovation Project. The Property is located in a targeted employment area, as defined by the USCIS. Accordingly, each investor is required to make an investment of at least $500,000 in the lender that provides debt financing to the Renovation Project. Pursuant to the EB-5 Program, investors are required to file a petition for a temporary green card (“I-526 Petition”) with the USCIS and invest in a new commercial enterprise. Pursuant to the terms of the EB-5 offerings, the funds associated with investors that have filed I-526 Petitions become available to the Company upon the approval of at least 23 I-526 Petitions by the USCIS.
	The Company is working with American Dream Fund, LLC (including its affiliates, “ADF”) and Pan-America Business Consulting Limited (including its affiliates, “PABC”, and collectively with ADF, the “EB-5 Agents”) to raise two tranches of EB-5 capital up to a maximum of $200,000,000 each (respectively, “EB-5 Tranche 2 Facility” for ADF and “EB-5 Tranche 1 Facility” for PABC).
	As of December 31, 2013, the EB-5 Tranche 2 Facility lender, via a special purpose entity, completed the EB-5 Tranche 2 Facility fundraising equal to $200,000,000 of capital. As of September 30, 2014 and December 31, 2013, the Company has drawn $199,000,000 and $146,000,000, respectively, from the EB-5 Tranche 2 Facility (“EB-5 Tranche 2 Loan”). The undrawn portion is held in lender and lender related accounts and reflected as restricted cash and loans payable in the accompanying consolidated balance sheets because the Company is the primary obligor. The EB-5 Tranche 2 Loan bears interest at 0.50% and matures on August 1, 2018, subject to two one-year extension options.
	As of September 30, 2014, the EB-5 Tranche 1 Facility lender, via a special purpose entity, had raised approximately $186,000,000 for the EB-5 Tranche 1 Facility. As of September 30, 2014 and December 31, 2013, the Company has drawn $183,500,000 and $0, respectively, from the EB-5 Tranche 1 Facility (“EB-5 Tranche 1 Loan”, and collectively with the EB-5 Tranche 2 Loan, the “EB-5 Loans”). The undrawn portion is held in lender and lender related accounts and reflected as restricted cash and loans payable in the accompanying consolidated balance sheets because the Company is the primary obligor. The EB-5 Tranche 1 Loan bears interest at 0.50% and matures on January 30, 2019, subject to a one-year extension option.
	On September 16, 2014, the Company entered into amendments of the Junior Construction Facility, which provided for, among other things, the consent to secure the Revolving Credit Facility.
	For the three months ended September 30, 2014 and 2013, the Company incurred interest relating to the EB-5 Loans totaling $464,455 and $71,406, respectively, and, $1,025,992 and $106,777, respectively, during the nine months ended September 30, 2014 and 2013, which has been included in interest expense in the accompanying consolidated statements of operations. As of September 30, 2014, interest payable in respect of the EB-5 Loans totaling $100,000 and $1,060,270 has been included in accounts payable and accrued expenses and other long-term liabilities, respectively, in the accompanying consolidated balance sheets. As of December 31, 2013, interest payable in respect of the EB-5 Loans totaling $0 and $234,278 has been included in accounts payable and accrued expenses and other long-term liabilities, respectively, in the accompanying consolidated balance sheets. The EB-5 Loans are secured by a subordinated mortgage interest in the Renovation Project.
	Commencing in 2013, the Company incurred certain percentage fees on a per annum basis based upon the balances outstanding on the EB-5 Loans as well as a result of the EB-5 Agents achieving certain fundraising goals that are payable directly or indirectly by the Company. The fees include the following:
	(i) The Company incurred certain percentage fees based upon the balance outstanding of the EB-5 Loans for the EB-5 Agents’ administration of the EB-5 Loans totaling $1,009,278 and $0 for the three months ended September 30, 2014 and 2013, respectively, and, $2,662,965 and $0, respectively, during the nine months ended September 30, 2014 and 2013, which have been included in general and administrative expenses in the accompanying consolidated statements of operations. As of September 30, 2014, fees payable to the EB-5 Agents totaling $1,102,008 and $191,209 have been included in accounts payable and accrued expenses and other long-term liabilities, respectively, in the accompanying consolidated balance sheets. As of December 31, 2013, fees payable to the EB-5 Agents totaling $292,354 have been included in accounts payable and accrued expenses in the accompanying consolidated balance sheets.
	(ii) The Company incurred certain percentage fees based upon the balance outstanding under the EB-5 Loans for migration agent services totaling $4,873,924 and $2,902,041 for the three months ended September 30, 2014 and 2013, respectively, and $34,727,090 and $7,008,249, respectively, for the nine months ended September 30, 2014 and 2013, which have been capitalized as deferred financing costs in the accompanying consolidated balance sheets. As of September 30, 2014, fees payable totaled $10,153,813 and $35,094,709 and have been included in accounts payable and accrued expenses and other long-term liabilities, respectively, in the accompanying consolidated balance sheets. As of December 31, 2013, fees payable totaled $2,932,730 and $9,283,166 and have been included in accounts payable and accrued expenses and other long-term liabilities, respectively, in the accompanying consolidated balance sheets.
	(iii) The EB-5 Agents earn one-time fees based on the aggregate amount of EB-5 Loans raised (“Success Fees”). Success Fees totaling $40,000 and $0 for the three months ended September 30, 2014 and 2013, respectively, and $4,105,000 and $0 for the nine months ended September 30, 2014 and 2013, respectively, were earned by the EB-5 Agents and have been capitalized as deferred financing costs in the accompanying consolidated balance sheets. As of September 30, 2014 and December 31, 2013, $360,000 and $175,000, respectively, were payable to the EB-5 Agents and have been included in accounts payable and accrued expenses in the accompanying consolidated balance sheets.
	Additionally, the Company incurs fees for advisory services for the EB-5 Loans. For the nine months ended September 30, 2014 and the year ended December 31, 2013, fees totaling $300,000 and $300,000, respectively, were paid and have been capitalized as deferred financing costs in the accompanying consolidated balance sheets. Henceforth, the Company will incur fees for additional advisory services to manage the Junior Construction Facility which will be expensed as incurred.
	Revolving Credit Agreement
	On September 16, 2014, Holdings entered into the Revolving Credit Agreement arranged by J.P. Morgan and administered by JPM Chase Bank, which provides for the $65,000,000 senior secured Revolving Credit Facility. The Revolving Credit Facility is scheduled to mature on September 30, 2018 or, if the Senior Construction Facility has not been refinanced in full prior to November 2, 2016 with indebtedness maturing later than December 31, 2018, on November 2, 2016.
	Proceeds from the Revolving Credit Facility will be used by Holdings to finance ongoing working capital and general corporate needs. Holdings may not draw on the Revolving Credit Facility until certain conditions have been satisfied. All amounts owing under the Revolving Credit Facility are secured by a first priority security interest in all assets of Holdings, the Company and SB Gaming under a security agreement, dated as of September 16, 2014, among Holdings, the Company, SB Gaming and JPM Chase Bank. All obligations under the Revolving Credit Agreement are also guaranteed by the Company and SB Gaming.
	Advances under the Revolving Credit Facility will bear interest generally, at an annual rate of either (i) the JPM Chase Bank prime rate plus an applicable margin; or (ii) the applicable LIBOR plus an applicable margin.
	The Revolving Credit Facility is senior to the Senior Construction Facility and Junior Construction Facility. Any borrowings under the Revolving Credit Facility in excess of $22,500,000 require the consent of the lenders of the Senior Construction Facility and Junior Construction Facility. As of September 30, 2014 $0 of the Revolving Credit Facility was outstanding.
	Notes Payable
	In October 2013, the Company entered into a provider contract and equipment payment and security agreement with KT Corporation. The agreement was subsequently amended in July 2014. The total amended contract price was $13,597,699, of which $1,336,770 was paid on November 27, 2013, and the remainder is to be paid in 12 equal quarterly installments commencing on September 30, 2014. The outstanding principal balance of the contract price bears interest at a fixed rate equal to 9.50% per annum.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2014
Related Party Transactions	8	Related Party Transactions
	SBEHG Las Vegas I, LLC
	On August 1, 2007, Holdings entered into a management agreement (the “Hotel Management Agreement”) with SBEHG Las Vegas I, LLC (“SBEHG” or the “Hotel Operator”), an affiliate of the Company, to operate the hotel, food and beverage facilities and retail facilities, including performing the accounting, cash management, budgeting, operational, sales, advertising, legal, personnel and purchasing functions. Holdings agreed to pay a hotel management fee, an incentive personnel payment and an asset management fee to SBEHG. On June 16, 2014, Holdings entered into a second amended and restated Hotel Management Agreement (“Amended Hotel Management Agreement”). The Amended Hotel Management Agreement provides for a monthly base fee in arrears based on 2.00% of the Net Operating Revenues (as defined in the Amended Hotel Management Agreement) derived from the immediately preceding month. The agreement also provides an annual incentive fee payable in arrears, depending on levels of Gross Operating Profit (as defined in the Amended Hotel Management Agreement) generated by the hotel-casino. Holdings will be charged monthly for certain centralized services provided by the Hotel Operator and reimbursable expenses incurred by the Hotel Operator, as defined in the Amended Hotel Management Agreement. The Amended Hotel Management Agreement provides for a ten-year term, which commenced on the effective date of June 16, 2014, and continues until the tenth anniversary of the opening date. The Amended Hotel Management Agreement may be terminated (a) by mutual written consent of the parties or (b) in accordance with the terms of the Amended Hotel Management Agreement.
	For the three months and nine months ended September 30, 2014 and 2013, the Company incurred fees relating to the Amended Hotel Management Agreement totaling $542,312 and $0, respectively, which have been included in management fees in the accompanying consolidated statements of operations. As of September 30, 2014 and December 31, 2013, $542,312 and $0, respectively, was payable to SBEHG.
	For the three months ended September 30, 2014 and 2013, SBEHG incurred payroll-related costs on behalf of the Company totaling $25,787,315 and $1,326,551, respectively; and, $34,519,052 and $3,290,442, respectively, for the nine months ended September 30, 2014 and 2013. As of September 30, 2014 and December 31, 2013, payroll-related expenses of $12,215,237 and $286,798, respectively, were payable to SBEHG.
	SBE Las Vegas Redevelopment I, LLC
	On April 1, 2011, the Company entered into a development management agreement (the “Development Management Agreement”) with SBE Las Vegas Redevelopment I, LLC (the “Development Manager”), an affiliate of the Company, to manage the Renovation Project. Pursuant to the Development Management Agreement, the Company is required to pay development management fees totaling $10,873,000, payable in monthly installments of $300,000. Significant revisions to and increases in the scope of the Renovation Project will result in an increase in fees due under the Development Management Agreement equal to 2.00% of the increase in project costs. For the three months ended September 30, 2014 and 2013, the Company incurred development management fees totaling $600,000 and $900,000, respectively, and $2,400,000 and $2,700,000, respectively, for the nine months ended September 30, 2014 and 2013, which have been capitalized to development in progress in the accompanying consolidated balance sheets. As of September 30, 2014 and December 31, 2013, no amounts were payable to the Development Manager related to the fees due under the Development Management Agreement.
	For the three months ended September 30, 2014 and 2013, the Development Manager incurred payroll-related expenses on behalf of the Company totaling $236,295 and $149,935, respectively; and $519,970 and $333,619, respectively for the nine months ended September 30, 2014 and 2013. As of September 30, 2014 and December 31, 2013, $0 and $7,383, respectively, were payable to the Development Manager.
	Stockbridge
	For the three months ended September 30, 2014 and 2013, the Company incurred costs totaling $822,831 and $539,978, respectively, for asset management and travel related and other reimbursable expenses that Stockbridge paid and charged back to the Company, of which $352,805 and $190,822, respectively, have been included in pre-opening expenses in the accompanying consolidated statements of operations, $358,753 and $0, respectively, have been included in corporate expenses in the accompanying consolidated statements of operations, $111,273 and $0, respectively, have been included in property and equipment, net, and $0 and $349,156, respectively, have been included in development in progress in the accompanying consolidated balance sheets. For the nine months ended September 30, 2014 and 2013, the Company incurred costs totaling $1,808,971 and $1,214,813, respectively, for asset management and travel related and other reimbursable expenses that Stockbridge paid and charged back to the Company, of which $793,609 and $410,162, respectively, have been included in pre-opening expenses in the accompanying consolidated statements of operations, $358,753 and $0, respectively, have been included in corporate expenses in the accompanying consolidated statements of operations, $656,609 and $0, respectively, have been included in property and equipment, net, and $0 and $804,651, respectively, have been included in development in progress in the accompanying consolidated balance sheets. As of September 30, 2014 and December 31, 2013, $61,485 and $90,240, respectively, was payable to Stockbridge.
	SBE
	For the three months ended September 30, 2014 and 2013, the Company incurred costs totaling $3,627,452 and $855,501, respectively, for management and travel related and other reimbursable expenses that SBE paid and charged back to the Company, of which $985,993 and $799,423, respectively, have been included in pre-opening expenses in the accompanying consolidated statements of operations, $331,290 and $0, respectively, have been included in corporate expenses in the accompanying consolidated statements of operations, $126,435 and $0, respectively, have been included in property and equipment, net, $0 and $56,078, respectively, have been included in development in progress, and $2,183,734 and $0, respectively, have been included in other assets in the accompanying consolidated balance sheets. For the nine months ended September 30, 2014 and 2013, the Company incurred costs totaling $5,773,433 and $1,081,701, respectively, for management and travel related and other reimbursable expenses that SBE paid and charged back to the Company, of which $2,965,898 and $899,735, respectively, have been included in pre-opening expenses in the accompanying consolidated statements of operations, $331,290 and $0, respectively, have been included in corporate expenses in the accompanying consolidated statements of operations, $292,511 and $2,800, respectively, have been included in property and equipment, net, $0 and $179,166, respectively, have been included in development in progress, and $2,183,734 and $0, respectively, have been included in other assets in the accompanying consolidated balance sheets. As of September 30, 2014 and December 31, 2013, $1,366,209 and $184,858, respectively, was payable to SBE.

Employee_Benefit_Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2014
Employee Benefit Plans	9	Employee Benefit Plans
	Multi-Employer Defined Benefit Pension Plans
	The Company contributed to several multi-employer defined benefit pension plans (the “Plans”) for union employees. Subsequent to the Closure, the Company continued to contribute to one of the Plans. For the three months ended September 30, 2014 and 2013, contributions totaled $99,475 and $11,400, respectively, and totaled $136,313 and $36,172, respectively, for the nine months ended September 30, 2014 and 2013. The Company’s policy is to fund this expense as incurred.
	Withdrawal Liability
	The Company received notices from two unions during 2011, Western Conference of Teamsters Pension Trust (“Teamsters”) and Nevada Resort Association – IATSE Local 720 Retirement Plan (“IATSE”), claiming that, since the Company had withdrawn from the Plans, it was liable for its share of the Plans’ unfunded vested benefits. Teamsters and IATSE had indicated that $736,673 and $905,781, respectively, were payable by the Company under the Plans.
	The Company determined that it would no longer dispute the Teamsters claim and made payments totaling $549,323 in 2012. The remaining balance, including interest, was paid during 2013. For the three and nine months ended September 30, 2013, the Company made payments totaling $0 and $200,465, respectively.
	In 2011, the Company recorded a liability of $905,781 related to the IATSE claim. For the three months ended September 30, 2014 and 2013, the Company made payments totaling $49,661 and $49,661, respectively; and, $198,645 and $148,984, respectively, for the nine months ended September 30, 2014 and 2013 related to the IATSE claim. As of September 30, 2014 and December 31, 2013, $443,292 and $607,995, respectively, was payable to IATSE, of which $131,050 and $607,995, respectively, have been included in accounts payable and accrued expenses and $312,242 and $0, respectively, have been included in other long-term liabilities in the accompanying consolidated balance sheets.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies	10	Commitments and Contingencies
	General Litigation
	The Company is subject to various claims and litigation in the normal course of business. In the opinion of management, all pending legal matters are either adequately covered by insurance or, if not insured, will not have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2014
Subsequent Events	11	Subsequent Events
	On October 1, 2014, the Company drew down $2,000,000 under the EB-5 Tranche 1 Loan and $11,283,765 under the Senior Construction Facility.
	On November 6, 2014, the Company drew down $6,000,000 under the EB-5 Tranche 1 Loan and $13,053,394 under the Senior Construction Facility.
	On December 10, 2014, the Company drew down $6,500,000 under the EB-5 Tranche 1 Loan and $1,000,000 under the EB-5 Tranche 2 Loan.
	On December 30, 2014, the Company drew down $4,000,000 under the Revolving Credit Facility.
	On December 31, 2014, the Company drew down $2,224,297 under the Senior Construction Facility.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2014
Basis of Accounting	Basis of Accounting
	The accompanying consolidated financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
Principles of Consolidation	Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary, Holdings, SB Gaming and Nav-Strip, LLC (“Nav-Strip”). Nav-Strip was initially a wholly-owned subsidiary of Navegante Gaming, LLC (“Navegante”). On December 21, 2011, Navegante assigned its interest in Nav-Strip to Holdings, and Nav-Strip became a wholly-owned subsidiary of Holdings.
Use of Estimates	Use of Estimates
	The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents
	The Company classifies highly liquid investments with original maturities of three months or less from the date acquired as cash and cash equivalents.
Restricted Cash	Restricted Cash
	The Company classifies cash that is restricted for specific purposes and is unavailable for general use as restricted cash. Pursuant to the Construction Facilities, the net proceeds were deposited into lender and lender related accounts and have been included in restricted cash in the accompanying consolidated balance sheets. In addition, the Company is required to establish and maintain debt service reserves for its loans payable (Note 7). The debt service reserves have also been included in restricted cash in the accompanying consolidated balance sheets. A portion of restricted cash is classified as a noncurrent asset because it will primarily be used to fund the Renovation Project and for the repayment of loans payable. Additionally, cash posted as collateral for letters of credit issued in favor of the Company are classified as restricted cash.
Inventories	Inventories
	Inventories primarily consist of food, beverage and retail items, which are stated at the lower of cost or market value. Cost is determined by the weighted average identification method.
Property and Equipment	Property and Equipment
	Property and equipment and major renewals and betterments are stated at cost. Maintenance and repairs that do not materially add value to the asset or prolong its estimated useful life are charged to expense when incurred. Gains or losses on dispositions of property and equipment are recognized in the statements of operations.
	Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets as follows:
	Building and improvements		15 - 39 years
	Furniture, fixtures and equipment		5 - 7 years
	Leasehold improvements		Lease term
Development in Progress	Development in Progress
	The Company’s capitalization policy for development projects is guided by ASC Topic 835-20 (“ASC 835-20”), Capitalization of Interest, and ASC Topic 970-10, Real Estate – General. The capitalized costs include pre-construction costs essential to the Renovation Project, including design development costs, development fees, real estate taxes, insurance and other costs incurred during the development period. Additionally, in accordance with ASC 835-20, interest costs associated with major construction projects such as the Renovation Project are capitalized as part of the cost of the project. Due to the market conditions in Las Vegas, the Renovation Project was suspended in August 2009 and interest, real estate taxes and insurance were expensed subsequent to August 2009. Feasibility of the Renovation Project improved subsequent to the Closure, and management determined that it would be appropriate to recommence the Renovation Project in September 2011. Accordingly, the Company began capitalizing real estate taxes and insurance as part of the cost of the project commencing in September 2011. In addition, in September 2011, the Company stopped depreciating the building and improvements and reclassified the net book value of the assets of $21,286,363 to development in progress in the accompanying consolidated balance sheets. On May 2, 2012, the Company received funds related to the Senior Construction Facility held in lender-related escrow accounts and began paying the associated interest. Accordingly, the Company began capitalizing interest as part of the cost of the project commencing in May 2012. The amount of interest capitalized was determined by applying the interest rate on the Senior Construction Facility to amounts paid for the Renovation Project until May 1, 2013, when the Company received funds related to the Junior Construction Facility; thereafter, the amount of interest capitalized was determined by using a weighted average cost of debt outstanding. For the three months ended September 30, 2014 and 2013, interest of $1,545,070 and $1,326,974, respectively, was capitalized. For the nine months ended September 30, 2014 and 2013, interest of $6,300,419 and $3,156,923, respectively, was capitalized.
	Upon the Opening of the Property, the assets comprising development in progress were put into service and the capitalization period ceased. The Company transferred the development in progress balance to the applicable classes of property and equipment in the accompanying consolidated balance sheets and began to record depreciation and amortization for these assets.
Long-Lived Assets	Long-Lived Assets
	In accordance with the guidance in ASC Topic 360-10 (“ASC 360-10”), Property, Plant and Equipment, the Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the carrying amount of the asset exceeds its estimated undiscounted net cash flow, before interest, the Company would recognize an impairment loss equal to the difference between its carrying amount and its estimated fair value. If an impairment was recognized, the reduced carrying amount of the asset would be accounted for as its new cost. Generally, fair values are estimated using a discounted cash flow, direct capitalization or market comparison analysis. The process of evaluating for impairment requires estimates as to future events and conditions, which are subject to varying market and economic factors. Therefore, it is reasonably possible that a change in estimate resulting from judgments as to future events could occur, which would affect the recorded carrying amounts of the long-lived assets.
	As of September 30, 2014 and December 31, 2013, no events or changes in circumstances were identified which would indicate that the carrying value of the long-lived assets was not fully recoverable. Accordingly, no impairment was recorded for the three and nine months ended September 30, 2014 and the year ended December 31, 2013.
Deferred Financing Costs	Deferred Financing Costs
	Costs incurred in connection with obtaining financing are capitalized and amortized to interest expense using the straight-line method, which approximates the effective interest method, over the term of the related debt arrangement. During the nine months ended September 30, 2014 and the year ended December 31, 2013, respectively, the Company incurred costs related to the Senior Construction Facility of $0 and $8,039,934, respectively, which have been capitalized as deferred financing costs in the accompanying consolidated balance sheets. In August 2013, the Company paid down $50.0 million of the Senior Construction Facility and, as a result, the Company wrote off $3,958,669 of the deferred financing costs, which is included in loss on early retirement of debt in the consolidated statements of operations for the nine months ended September 30, 2013. Similarly, in January 2014, the Company paid down an additional $100.0 million of the Senior Construction Facility and, as a result, the Company wrote off an additional $6,875,324 of the deferred financing costs, which is included in loss on early retirement of debt in the consolidated statements of operations for the nine months ended September 30, 2014.
	The Company incurred costs related to the Junior Construction Facility of $39,851,189 and $15,858,673 during the nine months ended September 30, 2014 and the year ended December 31, 2013, respectively, which have been capitalized as deferred financing costs in the accompanying consolidated balance sheets.
	The Company incurred costs related to the Revolving Credit Facility of $1,353,779 and $0 during the nine months ended September 30, 2014 and the year ended December 31, 2013, respectively, which have been capitalized as deferred financing costs in the accompanying consolidated balance sheets.
Other Assets	Other Assets
	Other long-term assets primarily consist of the Company’s base stock of china, glassware, uniforms, etc., as well as other deposits.
Revenue Recognition and Promotional Allowances	Revenue Recognition and Promotional Allowances
	The Company recognizes revenues at the time persuasive evidence of an arrangement exists, the service is provided or the retail goods are sold, prices are fixed or determinable and collection is reasonably assured.
	Casino revenues are measured by the aggregate net difference between gaming wins and losses, with liabilities recognized for funds deposited by customers before gaming play occurs and for chips in the customers’ possession. Hotel, food and beverage, and other operating revenues are recognized when services are performed. Advance deposits are recorded as other long-term liabilities until services are provided to the customer.
	The Company has established a guest reward program called the “The Code” to reward members for the total amount they spend across all the venues and amenities offered at the SLS Las Vegas. Members can earn “points” based upon the amount they spend and such members can redeem their points for free play and other goods and services subject to the established program rules, as amended and modified from time to time. In accordance with industry practice, the retail value of redeemed accommodations, food and beverage, and other services furnished to guests without charge is included in gross revenues and then deducted as promotional allowances.
	The Company accrues points expected to be earned for goods and services as an operating expense within the respective department. The accruals are based on estimates and assumptions regarding the mix of free play and other goods and services that will be redeemed and the costs of providing those benefits. Management continually assesses these estimates and assumptions against actual data as it becomes available. Changes in estimates or customer redemption habits could produce significantly different results. As of September 30, 2014 and December 31, 2013, the Company had accrued $77,038 and $0, respectively, for the estimated cost of providing these benefits, which have been included in accounts payable and accrued expenses in the accompanying consolidated balance sheets.
	The estimated departmental cost of providing promotional allowances for the nine months ended September 30, 2014 and 2013, which are included primarily in casino operating expenses, are as follows:
		Nine Months Ended September 30,
		2014		2013
		(Unaudited)		(Unaudited)
	Hotel	$	426,271	$	—
	Food and beverage		732,958		—
		$	1,159,229	$	—
Advertising Costs	Advertising Costs
	Costs for advertising are expensed as incurred. For the three months ended September 30, 2014 and 2013, advertising costs totaling $1,686,691 and $0, respectively, are included in general and administrative expenses and $3,359,841 and $135,088, respectively, are included in pre-opening expenses. For the nine months ended September 30, 2014 and 2013, advertising costs totaling $1,686,691 and $0, respectively, are included in general and administrative expenses and $4,673,314 and $250,139, respectively, are included in pre-opening expenses.
Pre-Opening Expenses	Pre-Opening Expenses
	The Company accounts for costs incurred in the pre-opening phase of new ventures in accordance with accounting standards regarding start-up activities. Pre-opening expenses represent personnel and other costs incurred prior to the opening of new ventures and are expensed as incurred.
Income Taxes	Income Taxes
	Prior to 2012, Holdings had elected to be taxed as a partnership for federal and state tax purposes. Taxable income or loss of Holdings flowed through to the initial members of Holdings (the “Initial Holdings Members”) and was reported on the Initial Holdings Members’ individual income tax returns. On May 2, 2012, the Company became the sole member of Holdings, thereby making Holdings a disregarded entity for federal and state income tax purposes. The Company, as a wholly owned subsidiary of Intermediateco, is treated as a disregarded entity for federal and state income tax purposes. Accordingly, no provision for federal and state income taxes is reflected in the accompanying consolidated financial statements.
Fair Value	Fair Value
	Fair value in accordance with the guidance in ASC Topic 820-10 (“ASC 820-10”), Fair Value Measurements and Disclosures, is based on an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. ASC 820-10 clarifies that transaction or selling costs should be excluded when determining fair value, more specifically the exit price.
	ASC 820-10 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to Level 1 measurements, which include unadjusted quoted prices within active markets for identical assets or liabilities. The next priority is given to Level 2 measurements, which include quoted prices in markets which are not active or inputs that are observable, either directly or indirectly. The lowest priority is given to Level 3 measurements, which include prices or valuation techniques that require unobservable inputs. The Financial Accounting Standards Board has provided guidance that in certain circumstances inactive markets utilizing unobservable, or Level 3, inputs may be more appropriate than using observable inputs, as asset sales in inactive markets and/or distressed asset sales are not necessarily determinative of fair value. Inactive markets are recognized as those in which there is a significant variance between the bid–ask spread and a significant decrease in trading volume.
Financial Instruments	Financial Instruments
	The Company determines the fair value of financial instruments as required by ASC Topic 825-10, Financial Instruments.
	The carrying amounts for cash and cash equivalents, receivables, prepaid expenses and other current assets and accounts payable and accrued expenses approximate their fair values due to their short-term nature.
	The Company values its debt periodically, using indicative pricing from market information (Level 2 inputs). The fair value of debt can be affected by, among other things, the availability of capital, interest rates and inflation rates. As a result, determining the fair value involves subjective assumptions and estimates. As of September 30, 2014 and December 31, 2013, the carrying amount of the Company’s Senior Construction Facility approximated its fair value.
	The Company has determined that it is not practicable to estimate the fair value of the Junior Construction Facility. The Junior Construction Facility has been secured from lenders utilizing the EB-5 Immigrant Investor Pilot Program (“EB-5 Program”), which is administered by the U.S. Citizenship and Immigrations Services (“USCIS”) (Note 7). Under the EB-5 Program, foreign citizens are able to obtain green cards and permanent residence status through approved participation in the program. Since the EB-5 Program, on which the Junior Construction Facility relies, is administered by the federal government and results in benefits to investors that can only be obtained from the federal government, it is not practicable to estimate the fair value, as defined in ASC 820-10, of the Junior Construction Facility.
Concentration of Credit Risk	Concentration of Credit Risk
	Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents in excess of FDIC insured limits. The Company believes that it mitigates credit risk by depositing cash with financial institutions that have a high credit rating.
Reclassifications	Reclassifications
	For the three and nine months ended September 30, 2013, we have reclassified certain revenues and operating expenses on the Company’s consolidated statements of operations to conform to current period presentations. These reclassifications had no effect on previously reported net loss.
	Such reclassifications include our presentation of pre-opening expenses on the consolidated statements of operations. Historically, all pre-opening expenses of the Company had been included in general and administrative expenses in the consolidated statements of operations. Beginning with the three and nine months ending September 30, 2014, we are presenting pre-opening costs separately.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements
	In May 2014, the FASB issued an accounting standard update on revenue recognition that will be applied to all contracts with customers. The update requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects what it expects in exchange for the goods or services. It also requires more detailed disclosures to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The guidance will be required to be applied on a retrospective basis, using one of two methodologies, and will be effective for fiscal years beginning after December 15, 2016, with early application not being permitted. The Company is currently assessing the impact that the guidance will have on the Company’s financial condition and results of operations.
	In August 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-15. Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which explicitly requires management to assess an entity’s ability to continue as a going concern, and to provide related footnote disclosures in certain circumstances. Management will be required to assess, in each interim and annual period, if there is substantial doubt of an entity’s ability to continue as a going concern as evidenced by relevant known or knowable conditions including an entity’s ability to meet its future obligations. Management will be required to provide disclosures regardless of whether substantial doubt is alleviated by management’s plans. The guidance will become effective for annual fiscal periods ending after December 15, 2016.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2014
Estimated Useful Lives of Assets	Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets as follows:
	Building and improvements		15 - 39 years
	Furniture, fixtures and equipment		5 - 7 years
	Leasehold improvements		Lease term
Summary of Estimated Departmental Cost of Providing Promotional Allowances Casino Operating Expenses	The estimated departmental cost of providing promotional allowances for the nine months ended September 30, 2014 and 2013, which are included primarily in casino operating expenses, are as follows:
		Nine Months Ended September 30,
		2014		2013
		(Unaudited)		(Unaudited)
	Hotel	$	426,271	$	—
	Food and beverage		732,958		—
		$	1,159,229	$	—

Accounts_Receivable_Net_Tables

Accounts Receivable, Net (Tables)	9 Months Ended
	Sep. 30, 2014
Components of Accounts Receivable, Net	Accounts receivable, net consist of the following:
		September 30,			December 31,
		2014			2013
		(Unaudited)
	Casino	$	870,000		$	—
	Hotel		1,803,472			—
	Other		1,020,390			179,028
			3,693,862			179,028
	Less: allowance for doubtful accounts		(153,206	)		—
	Total accounts receivable, net	$	3,540,656		$	179,028

Prepaid_Expenses_and_Other_Cur1

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2014
Components of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consist of the following:
		September 30,		December 31,
		2014		2013
		(Unaudited)
	Prepaid expenses	$	5,787,454	$	505,650
	Other current assets		573,213		170,299
	Total prepaid expenses and other current assets	$	6,360,667	$	675,949

Property_and_Equipment_Net_Tab

Property and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2014
Property and Equipment	Property and equipment, net consist of the following:
		September 30, 2014			December 31, 2013
		(Unaudited)
	Land and improvements	$	86,343,433		$	76,672,216
	Building and improvements		244,380,647			—
	Furniture, fixtures and equipment		167,267,158			4,739,195
	Leasehold improvements		230,913			—
	Total property and equipment		498,222,151			81,411,411
	Less: accumulated depreciation		(5,660,847	)		(1,596,015	)
	Property and equipment, net	$	492,561,304		$	79,815,396

Accounts_Payable_and_Accrued_E1

Accounts Payable and Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2014
Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consist of the following:
		September 30, 2014		December 31, 2013
		(Unaudited)
	Development in progress	$	—	$	26,465,511
	Deferred financing costs		11,139,539		3,319,139
	Property and equipment		29,843,083		1,442,672
	Chip liability		4,090,060		—
	Other		12,346,626		3,297,447
	Total accounts payable and accrued expenses	$	57,419,308	$	34,524,769

Loans_and_Notes_Payable_Tables

Loans and Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2014
Loans and notes payables	Loans and notes payable consist of the following:
		September 30, 2014			December 31, 2013
		(Unaudited)
	Senior Construction Facility	$	150,000,000		$	250,000,000
	Junior Construction Facility		386,000,000			200,000,000
	Total loans payable		536,000,000			450,000,000
	Notes payable		11,595,104			—
	Less: current portion		(4,247,350	)		—
	Total loans and notes payable	$	543,347,754		$	450,000,000

Organization_Additional_Inform

Organization - Additional Information (Detail) (USD $)	0 Months Ended	9 Months Ended	12 Months Ended
	Aug. 01, 2007	Sep. 30, 2014	Dec. 31, 2013	Feb. 28, 2014	2-May-12	Sep. 30, 2013	Sep. 16, 2014
Organization [Line Items]
Deposit into escrow account				$24,361,631
Senior Construction Facility
Organization [Line Items]
Construction facility					300,000,000
Junior Construction Facility | Minimum
Organization [Line Items]
Construction facility					115,000,000
Acquisition of the Property
Organization [Line Items]
Consideration for acquisition	354,269,478
Stockbridge Fund III
Organization [Line Items]
Funds to be provided						40,000,000
Stockbridge/SBE Voteco Company, LLC | Voting Rights
Organization [Line Items]
Ownership interest		100.00%
Stockbridge/SBE Voteco Company, LLC | Economic Interest
Organization [Line Items]
Ownership interest		0.00%
Stockbridge/SBE Intermediate Company, LLC | Voting Rights
Organization [Line Items]
Ownership interest		0.00%
Stockbridge/SBE Intermediate Company, LLC | Economic Interest
Organization [Line Items]
Ownership interest		100.00%
Stockbridge And SBE
Organization [Line Items]
Ownership interest in Intermediateco		90.00%	10.00%
JPMorgan Chase Bank | Revolving Credit Facility
Organization [Line Items]
Construction facility							$65,000,000

Estimated_Useful_Lives_of_Asse

Estimated Useful Lives of Assets (Detail)	9 Months Ended
	Sep. 30, 2014
Building and improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	15 years
Building and improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	39 years
Furniture, fixtures and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	5 years
Furniture, fixtures and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	7 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	Lease term

Summary_of_Significant_Account3

Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended	0 Months Ended	1 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Jan. 30, 2014	Jan. 31, 2014	Aug. 31, 2013	Sep. 30, 2011
Significant Accounting Policies [Line Items]
Development in progress					$178,860,469
Interest capitalized	1,545,070	1,326,974	6,300,419	3,156,923
Impairment charges	0		0		0
Allowances provided by entity included in account payable and accrued expenses	77,038		77,038		0
Building and improvements
Significant Accounting Policies [Line Items]
Development in progress									21,286,363
General and Administrative Expenses
Significant Accounting Policies [Line Items]
Costs for advertising	1,686,691	0	1,686,691	0
Pre-opening Expenses
Significant Accounting Policies [Line Items]
Costs for advertising	3,359,841	135,088	4,673,314	250,139
Senior Construction Facility
Significant Accounting Policies [Line Items]
Deferred financing cost	0		0		8,039,934
Payment for construction facility						100,000,000	100,000,000	50,000,000
Deferred financing cost, written off							6,875,324	3,958,669
Junior Construction Facility
Significant Accounting Policies [Line Items]
Deferred financing cost	39,851,189		39,851,189		15,858,673
Revolving Credit Facility
Significant Accounting Policies [Line Items]
Deferred financing cost	$1,353,779		$1,353,779		$0

Summary_of_Estimated_Departmen

Summary of Estimated Departmental Cost of Providing Promotional Allowances Casino Operating Expenses (Detail) (USD $)	9 Months Ended
	Sep. 30, 2014
Revenue Recognition, Milestone Method [Line Items]
Casino operating expenses	$1,159,229
Hotel
Revenue Recognition, Milestone Method [Line Items]
Casino operating expenses	426,271
Food and beverage
Revenue Recognition, Milestone Method [Line Items]
Casino operating expenses	$732,958

Components_of_Accounts_Receiva

Components of Accounts Receivable, Net (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$3,693,862	$179,028
Less: allowance for doubtful accounts	-153,206
Total accounts receivable, net	3,540,656	179,028
Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	870,000
Hotel
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	1,803,472
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$1,020,390	$179,028

Components_of_Prepaid_Expenses

Components of Prepaid Expenses and Other Current Assets (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Prepaid Expenses And Other Current Assets [Line Items]
Prepaid expenses	$5,787,454	$505,650
Other current assets	573,213	170,299
Total prepaid expenses and other current assets	$6,360,667	$675,949

Property_and_Equipment_Detail

Property and Equipment (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Total property and equipment	$498,222,151	$81,411,411
Less: accumulated depreciation	-5,660,847	-1,596,015
Property and equipment, net	492,561,304	79,815,396
Land and improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	86,343,433	76,672,216
Building and improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	244,380,647
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	167,267,158	4,739,195
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	$230,913

Property_and_Equipment_Net_Add

Property and Equipment, Net - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$3,641,381	$76,104	$4,298,441	$167,444

Accounts_Payable_and_Accrued_E2

Accounts Payable and Accrued Expenses (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Accounts Payable and Accrued Liabilities [Line Items]
Accounts payable and accrued expenses	$57,419,308	$34,524,769
Development in Progress
Accounts Payable and Accrued Liabilities [Line Items]
Accounts payable and accrued expenses		26,465,511
Deferred Financing Costs
Accounts Payable and Accrued Liabilities [Line Items]
Accounts payable and accrued expenses	11,139,539	3,319,139
Property and Equipment, Net
Accounts Payable and Accrued Liabilities [Line Items]
Accounts payable and accrued expenses	29,843,083	1,442,672
Chip liability
Accounts Payable and Accrued Liabilities [Line Items]
Accounts payable and accrued expenses	4,090,060
Other
Accounts Payable and Accrued Liabilities [Line Items]
Accounts payable and accrued expenses	$12,346,626	$3,297,447

Schedule_of_Loans_and_Notes_Pa

Schedule of Loans and Notes Payable (Detail) (USD $)	Sep. 30, 2014	Jan. 30, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Loans payable	$536,000,000		$450,000,000
Notes payable	11,595,104
Less current portion	-4,247,350
Total loans and notes payable	543,347,754		450,000,000
Senior Construction Facility
Debt Instrument [Line Items]
Loans payable	150,000,000	150,000,000	250,000,000
Junior Construction Facility
Debt Instrument [Line Items]
Loans payable	$386,000,000		$200,000,000

Loans_and_Notes_Payable_Additi

Loans and Notes Payable - Additional Information (Detail) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

12 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Jan. 30, 2014

Aug. 02, 2013

1-May-13

Feb. 14, 2013

Feb. 04, 2013

Nov. 01, 2012

2-May-12

Jan. 31, 2014

Aug. 31, 2013

Feb. 02, 2014

Jan. 31, 2013

Nov. 02, 2012

Dec. 31, 2013

Nov. 27, 2013

Sep. 23, 2014

Jul. 25, 2013

Sep. 16, 2014

Debt Instrument [Line Items]

Loans payable

$536,000,000

$536,000,000

$450,000,000

Interest expense

7,661,497

9,304,296

19,165,527

29,696,656

Deferred financing costs

59,386,227

59,386,227

33,904,268

Investor

Debt Instrument [Line Items]

Investment required

500,000

Notes payable

Debt Instrument [Line Items]

Amendment period

Jul-14

Total amended contract price

13,597,699

13,597,699

Partial amount of contract price paid

1,336,770

Number of equal quarterly Installments

12

Fixed interest rate

9.50%

9.50%

Senior Construction Facility

Debt Instrument [Line Items]

Credit facility closing fee percentage

5.00%

Fees payable

15,000,000

Net proceeds of credit facility

285,000,000

Cash deposited into escrow account representing interest due

9,858,333

9,750,000

9,966,667

Debt instrument effective rate

13.00%

Capital contribution deposited on escrow accounts

24,361,631

Repayment of debt

50,000,000

Prepayment premium

15,000,000

1,500,000

Prepayment premium percentage

15.00%

3.00%

Prepaid interest

1,847,685

Early retirement of debt

100,000,000

100,000,000

50,000,000

Loans payable

150,000,000

150,000,000

150,000,000

250,000,000

Undrawn portion of Senior Construction Facility

40,646,889

Senior Construction Facility | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Debt variable rate

11.00%

Senior Construction Facility | Amendment Two

Debt Instrument [Line Items]

Reduction in credit facility

150,000,000

Senior Construction Facility | Amendment Two | Scenario 4

Debt Instrument [Line Items]

Reduction in credit facility

0

Senior Construction Facility | Amendment Two | Scenario 4 | Maximum

Debt Instrument [Line Items]

Credit facility current capacity

125,000,000

Senior Construction Facility | Amendment Two | Scenario 5

Debt Instrument [Line Items]

Reduction in credit facility

50,000,000

Senior Construction Facility | Amendment Two | Scenario 7

Debt Instrument [Line Items]

Reduction in credit facility

0

Senior Construction Facility | Amendment Two | Scenario 8

Debt Instrument [Line Items]

Reduction in credit facility

0

Senior Construction Facility | Amendment One

Debt Instrument [Line Items]

Reduction in credit facility

150,000,000

Senior Construction Facility | Amendment One | Scenario 1

Debt Instrument [Line Items]

Reduction in credit facility

150,000,000

Senior Construction Facility | Amendment One | Scenario 2

Debt Instrument [Line Items]

Credit facility description

The renovation of the Property could commence in advance of the release of the Senior Construction Facility proceeds from the Escrow Account

Senior Construction Facility | Amendment One | Scenario 3

Debt Instrument [Line Items]

Credit facility description

The Company could extend the date by which it is required to meet the conditions to release the Senior Construction Facility proceeds from escrow for two additional periods of three months each.

Junior Construction Facility

Debt Instrument [Line Items]

Loans payable

386,000,000

386,000,000

200,000,000

Junior Construction Facility | Minimum

Debt Instrument [Line Items]

Net proceeds of credit facility

115,000,000

Junior Construction Facility | Amendment Two

Debt Instrument [Line Items]

Credit facility maximum capacity

400,000,000

Junior Construction Facility | Amendment Two | Scenario 5 | Minimum

Debt Instrument [Line Items]

Credit facility current capacity

125,000,000

Junior Construction Facility | Amendment Two | Scenario 5 | Maximum

Debt Instrument [Line Items]

Credit facility current capacity

175,000,000

Junior Construction Facility | Amendment Two | Scenario 6 | Minimum

Debt Instrument [Line Items]

Credit facility current capacity

175,000,000

Junior Construction Facility | Amendment Two | Scenario 6 | Maximum

Debt Instrument [Line Items]

Credit facility current capacity

200,000,000

Junior Construction Facility | Amendment Two | Scenario 7 | Minimum

Debt Instrument [Line Items]

Credit facility current capacity

200,000,000

Junior Construction Facility | Amendment Two | Scenario 7 | Maximum

Debt Instrument [Line Items]

Credit facility current capacity

300,000,000

Junior Construction Facility | Amendment Two | Scenario 8 | Minimum

Debt Instrument [Line Items]

Credit facility current capacity

300,000,000

Junior Construction Facility | Amendment Two | Scenario 8 | Maximum

Debt Instrument [Line Items]

Credit facility current capacity

400,000,000

Junior Construction Facility | EB-5 Tranche 1

Debt Instrument [Line Items]

Credit facility maximum capacity

200,000,000

200,000,000

Credit facility drawn amount

183,500,000

183,500,000

0

Interest rate

0.50%

Debt maturity date

30-Jan-19

Credit facility extension period

1 year

Amount raised from credit facility

186,000,000

Junior Construction Facility | EB-5 Tranche 2

Debt Instrument [Line Items]

Credit facility maximum capacity

200,000,000

200,000,000

200,000,000

Credit facility drawn amount

199,000,000

199,000,000

146,000,000

Interest rate

0.50%

Debt maturity date

1-Aug-18

Number of extension options

2

Credit facility extension period

1 year

Junior Construction Facility | EB-5 Loans

Debt Instrument [Line Items]

Interest expense

464,455

71,406

1,025,992

106,777

Junior Construction Facility | EB-5 Loans | Migration agent

Debt Instrument [Line Items]

Migration agent services

4,873,924

2,902,041

34,727,090

7,008,249

Junior Construction Facility | EB-5 Loans | EB-5 Agent

Debt Instrument [Line Items]

Loan fees

1,009,278

0

2,662,965

0

Success fees

40,000

0

4,105,000

0

Junior Construction Facility | EB-5 Loans | Accounts payable and accrued expenses

Debt Instrument [Line Items]

Interest payable

100,000

100,000

0

Junior Construction Facility | EB-5 Loans | Accounts payable and accrued expenses | Migration agent

Debt Instrument [Line Items]

Fees payable

10,153,813

10,153,813

2,932,730

Junior Construction Facility | EB-5 Loans | Accounts payable and accrued expenses | EB-5 Agent

Debt Instrument [Line Items]

Fees payable

1,102,008

1,102,008

292,354

Deferred financing costs

360,000

360,000

175,000

Junior Construction Facility | EB-5 Loans | Other long- term liabilities

Debt Instrument [Line Items]

Interest payable

1,060,270

1,060,270

234,278

Junior Construction Facility | EB-5 Loans | Other long- term liabilities | Migration agent

Debt Instrument [Line Items]

Fees payable

35,094,709

35,094,709

9,283,166

Junior Construction Facility | EB-5 Loans | Other long- term liabilities | EB-5 Agent

Debt Instrument [Line Items]

Fees payable

191,209

191,209

Junior Construction Facility | Amendment One | Scenario 1

Debt Instrument [Line Items]

Credit facility maximum capacity

300,000,000

Revolving Credit Facility

Debt Instrument [Line Items]

Credit facility maximum capacity

65,000,000

Credit facility drawn amount

0

0

Debt maturity date

30-Sep-18

Junior Construction Facility | EB-5 Loans | Advisory Services

Debt Instrument [Line Items]

Advisory fees paid

300,000

300,000

Senior and Junior Construction Facility

Debt Instrument [Line Items]

Credit facility maximum capacity

$22,500,000

$22,500,000

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	0 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2013	Apr. 01, 2011	Jun. 16, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Management fees incurred	$542,312	$542,312
SBE Las Vegas Redevelopment I, LLC
Related Party Transaction [Line Items]
Due to related parties	61,485	61,485					90,240
Management and travel related and other reimbursable expenses	822,831	1,808,971	539,978	1,214,813
SBE Las Vegas Redevelopment I, LLC | Property and Equipment, Net
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	111,273	656,609	0	0
SBE Las Vegas Redevelopment I, LLC | Development in Progress
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	0	0	349,156	804,651
SBE Las Vegas Redevelopment I, LLC | Pre-opening Expenses
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	352,805	793,609	190,822	410,162
SBE Las Vegas Redevelopment I, LLC | Corporate Expenses
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	358,753	358,753	0	0
Stockbridge
Related Party Transaction [Line Items]
Due to related parties	1,366,209	1,366,209					184,858
Management and travel related and other reimbursable expenses	3,627,452	5,773,433	855,501	1,081,701
Stockbridge | Property and Equipment, Net
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	126,435	292,511	0	2,800
Stockbridge | Development in Progress
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	0	0	56,078	179,166
Stockbridge | Pre-opening Expenses
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	985,993	2,965,898	799,423	899,735
Stockbridge | Corporate Expenses
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	331,290	331,290	0	0
Other assets | Stockbridge
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	2,183,734	2,183,734	0	0
SBE Las Vegas Redevelopment I, LLC
Related Party Transaction [Line Items]
Payroll-related costs incurred by affiliate on behalf of the company	236,295	519,970	149,935	333,619
Due to related parties	0	0					7,383
Development management fees					10,873,000
Development management fees monthly installment payment					300,000
Increase in development management fees as percentage of increase in project costs					2.00%
SBE Las Vegas Redevelopment I, LLC | Development in Progress
Related Party Transaction [Line Items]
Development management fees	0	0					0
SBE Las Vegas Redevelopment I, LLC | Development In Progress
Related Party Transaction [Line Items]
Development management fees incurred	600,000	2,400,000	900,000	2,700,000
SBEHG
Related Party Transaction [Line Items]
Percentage of Monthly hotel management basis fee on net operating revenues						2.00%
Hotel management agreement term						10 years
Management fees incurred	542,312	542,312	0	0
Management fee payable	542,312	542,312					0
Payroll-related costs incurred by affiliate on behalf of the company	25,787,315	34,519,052	1,326,551	3,290,442
Due to related parties	$12,215,237	$12,215,237					$286,798

Employee_Benefit_Plans_Additio

Employee Benefit Plans - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013
Multiemployer Plans [Line Items]
Multi-employer defined benefit pension plans, contribution	$99,475	$11,400	$136,313	$36,172
Western Conference of Teamsters Pension Trust ("Teamsters")
Multiemployer Plans [Line Items]
Withdrawal obligation payable						736,673
Western Conference of Teamsters Pension Trust ("Teamsters") | Withdrawal Liability
Multiemployer Plans [Line Items]
Payment related to plan		0		200,465	549,323
Nevada Resort Association - IATSE Local 720 Retirement Plan ("IATSE")
Multiemployer Plans [Line Items]
Withdrawal obligation payable	443,292		443,292			905,781	607,995
Payment related to plan	49,661	49,661	198,645	148,984
Nevada Resort Association - IATSE Local 720 Retirement Plan ("IATSE") | Accounts Payable And Accrued Expenses
Multiemployer Plans [Line Items]
Withdrawal obligation payable	131,050		131,050				607,995
Nevada Resort Association - IATSE Local 720 Retirement Plan ("IATSE") | Other Long Term Liabilities
Multiemployer Plans [Line Items]
Withdrawal obligation payable	$312,242		$312,242				$0

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Detail) (Subsequent Event, USD $)	0 Months Ended
	Dec. 10, 2014	Nov. 06, 2014	Oct. 01, 2014	Dec. 31, 2014	Dec. 30, 2014
EB-5 Tranche 1
Subsequent Event [Line Items]
Proceeds from loans	$6,500,000	$6,000,000	$2,000,000
Senior Construction Facility
Subsequent Event [Line Items]
Proceeds from loans		13,053,394	11,283,765	2,224,297
EB-5 Tranche 2
Subsequent Event [Line Items]
Proceeds from loans	1,000,000
Revolving Credit Facility
Subsequent Event [Line Items]
Proceeds from loans					$4,000,000