Las Vegas Resort Investment 10-Q 15 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	ck0001606965
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

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents	$14,943,527	$10,707,367
Restricted cash	3,496,566	4,422,142
Inventories	3,982,097	4,130,931
Accounts receivable, net	6,742,931	4,681,469
Prepaid expenses and other current assets	4,822,389	5,547,867
Total current assets	33,987,510	29,489,776
Restricted cash	2,000,000	14,093,801
Property and equipment, net (Note 8)	475,766,024	486,019,603
Development in progress (Note 8)	710,212
Deferred financing costs, net	54,335,887	57,677,024
Other assets (Note 8)	8,302,643	8,604,169
Total assets	575,102,276	595,884,373
Current liabilities
Notes payable	4,086,976	4,330,355
Accounts payable and accrued expenses	31,891,038	37,568,636
Due to related parties, net (Note 8)	16,664,726	13,766,098
Total current liabilities	52,642,740	55,665,089
Notes payable	5,108,720	6,133,249
Loans payable	572,500,000	552,000,000
Other long-term liabilities	33,584,235	35,503,969
Total liabilities	663,835,695	649,302,307
Commitments and contingencies (Note 10)
Members' deficit	-88,733,419	-53,417,934
Total liabilities and members' deficit	$575,102,276	$595,884,373

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenues
Casino	$9,119,984
Hotel	13,594,444
Food and beverage	15,773,745
Retail and other	1,246,264	6,406
Gross revenues	39,734,437	6,406
Less: promotional allowances	-2,402,738
Net revenues	37,331,699	6,406
Operating expenses
Casino (Note 8)	8,238,039
Hotel (Note 8)	7,230,140
Food and beverage (Note 8)	18,402,878
Retail and other (Note 8)	572,243
Provision for doubtful accounts	548,473
General and administrative (Note 8)	15,832,570	805,425
Corporate (Note 8)	850,519
Pre-opening (Note 8)		6,692,075
Management fees (Note 8)	1,110,552	161,468
Depreciation and amortization	9,937,368	304,719
(Gain) loss on disposal of property and equipment	-231	15,917
Total operating expenses	62,722,551	7,979,604
Operating loss	-25,390,852	-7,973,198
Other income (expense)
Loss on early retirement of debt		-21,875,324
Interest income	1,793	28,416
Interest expense, net of capitalized interest	-9,926,426	-5,765,120
Total other expense	-9,924,633	-27,612,028
Net loss	($35,315,485)	($35,585,226)

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities
Net loss	($35,315,485)	($35,585,226)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	9,937,368	304,719
Amortization of deferred financing costs	4,031,137	1,980,578
(Gain) loss on disposal of property and equipment	-231	15,917
Loss on early retirement of debt		21,875,324
Provision for doubtful accounts	548,473
Prepayment premium on early retirement of debt		-15,000,000
Changes in operating assets and liabilities
Accounts receivable, net	-2,609,935	-23,238
Inventories	148,834
Prepaid expenses and other current assets	725,478	-618,622
Other assets	301,526	4,053
Accounts payable and accrued expenses	2,423,165	2,452,431
Due to related parties, net	2,836,129	1,694,050
Other long-term liabilities	844,050	582,375
Net cash used in operating activities	-16,129,491	-22,317,639
Cash flows from investing activities
Proceeds from disposal of property and equipment		26,600
Purchases of property and equipment	-8,089,811	-1,433,596
Payments for development in progress	-647,713	-51,444,519
Decrease in restricted cash	13,019,377	11,500,254
Net cash provided by (used in) investing activities	4,281,853	-41,351,261
Cash flows from financing activities
Contributions from member		5,000,000
Payments for financing costs	-3,148,295	-667,321
Proceeds from loans payable	20,500,000	158,000,000
Payments on loans payable		-100,000,000
Payments on notes payable	-1,267,907
Net cash provided by financing activities	16,083,798	62,332,679
Net increase (decrease) in cash and cash equivalents	4,236,160	-1,336,221
Cash and cash equivalents, beginning of period	10,707,367	2,583,776
Cash and cash equivalents, end of period	14,943,527	1,247,555
Supplemental cash flow disclosure
Cash paid during the period for interest, net of interest capitalized	5,620,468	4,746,557
Due to related parties
Supplemental disclosure of non-cash investing and financing activities
Capitalized to development in progress	62,499
Capitalized to property and equipment, net	1,300,000
Accounts payable and accrued expenses
Supplemental disclosure of non-cash investing and financing activities
Capitalized to development in progress		36,395,891
Capitalized to deferred financing costs, net	11,659,014	8,853,006
Capitalized to property and equipment, net	1,004,336	14,906
Other long- term liabilities
Supplemental disclosure of non-cash investing and financing activities
Capitalized to deferred financing costs, net	$31,218,903	$18,293,723

Organization

Organization	3 Months Ended
	Mar. 31, 2015
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. Terrence E. Fancher is the sole member and manager of Voteco.
	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 March 31, 2015 and 2014, 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 Closure, 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).
	As of March 31, 2015, the Company has a working capital deficit and a members’ deficit. The Company has incurred net losses and negative operating cash flows for the three months ended March 31, 2015 and 2014. 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, 2015 up to a maximum of $40,000,000 to enable the Company to pay its obligations as they become due.
	On May 1, 2015, Holdings entered into a credit agreement with Mesa West LV SA, LLC. The proceeds provided for under the agreement were used to repay the Senior Construction Facility and the Revolving Credit Facility in full. Refer to Note 11 for additional details of this refinancing that occurred subsequent to the reporting period.
	The Company has initiated certain actions to increase revenues and reduce expenses in order to improve the results of operations, and the Company intends to initiate further actions in 2015 to improve profitability. However, there can be no assurance that such actions will be effective. There is no assurance that Stockbridge Fund III will provide capital contributions subsequent to December 31, 2015.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Summary of Significant Accounting Policies	2	Summary of Significant Accounting Policies
	The preparation of the unaudited interim condensed 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 condensed consolidated financial statements for the three months ended March 31, 2015 and 2014 and balance sheet as of March 31, 2015 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 March 31, 2015 and the results of operations and the cash flows for the periods presented herein. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the operating results expected for the full fiscal year.
	The unaudited interim condensed consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the SEC. 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 condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K, which was filed with the SEC on March 31, 2015.
	Basis of Accounting
	The accompanying condensed 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 condensed consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary, Holdings, SB Gaming and Nav-Strip, LLC (“Nav-Strip”).
	Use of Estimates
	The preparation of condensed 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 condensed 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 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 condensed 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 condensed 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. 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 is 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			2 - 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 condensed 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 March 31, 2015 and 2014, interest of $0 and $2,423,005, 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 condensed consolidated balance sheets and began to record depreciation and amortization for these assets.
	The Company initiated additional projects in the current period that resulted in a development in progress balance of $710,212 at March 31, 2015. These projects consisted of replacing furniture and flooring in selected food and beverage venues, as well as, additional development to the system that manages the Company’s customer relationships.
	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 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 March 31, 2015 and December 31, 2014, 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 months ended March 31, 2015 and the year ended December 31, 2014.
	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 terms of the related debt arrangements.
	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 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 March 31, 2015 and December 31, 2014, the Company had accrued $155,524 and $103,848, respectively, for the estimated cost of providing these benefits, which have been included in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets.
	The estimated departmental cost of providing promotional allowances for the three months ended March 31, 2015 and 2014, which are included primarily in casino operating expenses, are as follows:
			March 31,
			2015		2014
	Hotel		$	456,644	$	—
	Food and beverage			896,141		—
	Retail and other			18,180		—
			$	1,370,965	$	—
	Advertising Costs
	Costs for advertising are expensed as incurred. For the three months ended March 31, 2015 and 2014, advertising costs totaling $290,242 and $0, respectively, are included in casino expenses, $612,706 and $0, respectively, are included in hotel expenses, $683,590 and $0, respectively, are included in food and beverage expenses, $1,035,475 and $0, respectively, are included in general and administrative expenses and $0 and $495,846, 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 condensed 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 March 31, 2015 and December 31, 2014, the carrying amount of the Company’s Senior Construction Facility, the Revolving Credit Facility and the Notes Payable approximated their 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.
	Additionally, the allowance for doubtful accounts represents the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. The Company determines the allowance based on an analysis of the collectability of each account with a balance over a specified dollar amount, based upon the age of the account, the customer’s financial condition, collection history and any other known information, and the Company applies standard reserve percentages to aged account balances under the specified dollar amount. Account balances are charged off against the allowance when the Company believes it is probable the receivable will not be recovered. Management believes that there are no concentrations of credit risk for which an allowance has not been established. Although management believes that the allowance is adequate, it is possible that the estimated amount of cash collections with respect to accounts receivable could change.
	Reclassifications
	For the three months ended March 31, 2014, we have reclassified certain operating expenses on the Company’s condensed 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 condensed consolidated statements of operations. Historically, all pre-opening expenses of the Company had been included in general and administrative expenses in the condensed consolidated statements of operations. Effective September 30, 2014, we are presenting pre-opening costs as a separate line item on the condensed consolidated statements of operations and have reclassified amounts in the prior period statements to conform to current period presentations.
Recently Issued Accounting Pronouncements
In May 2014, the Financial Accounting Standards Board (“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 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.
In April 2015, the FASB issued an accounting standard update to simplify the presentation of debt issuance costs. The update requires that debt issuance costs be reported as a deduction of the face amount of the related debt (rather than as an asset) and that the amortization of debt issuance costs continue to be reported as interest expense. The amendments do not affect the guidance on the recognition and measurement of debt issuance costs. The guidance will be required to be applied on a retrospective basis and will be effective for fiscal years beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. The adoption of this guidance will not have a material effect on the Company’s financial condition, results of operations or cash flows.

Accounts_Receivable_Net

Accounts Receivable, Net	3 Months Ended
	Mar. 31, 2015
Accounts Receivable, Net	3	Accounts Receivable, Net
	Accounts receivable, net consist of the following:
			March 31, 2015			December 31, 2014
	Casino		$	2,998,342		$	1,604,000
	Hotel			2,948,581			2,958,464
	Other			1,800,529			896,826
				7,747,452			5,459,290
	Less: allowance for doubtful accounts			(1,004,521	)		(777,821	)
	Total accounts receivable, net		$	6,742,931		$	4,681,469
	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	3 Months Ended
	Mar. 31, 2015
Prepaid Expenses and Other Current Assets	4	Prepaid Expenses and Other Current Assets
	Prepaid expenses and other current assets consist of the following:
			March 31, 2015		December 31, 2014
	Prepaid expenses		$	4,467,534	$	5,082,355
	Other current assets			354,855		465,512
	Total prepaid expenses and other current assets		$	4,822,389	$	5,547,867
	Prepaid expenses as of March 31, 2015 and December 31, 2014 consist primarily of expenses relating to insurance, gaming taxes, marketing, operations, property maintenance and other taxes. Other current assets as of March 31, 2015 and December 31, 2014 consist primarily of advance deposits relating to restaurants and retail management agreements and other security deposits.

Property_and_Equipment_Net

Property and Equipment, Net	3 Months Ended
	Mar. 31, 2015
Property and Equipment, Net	5	Property and Equipment, Net
	Property and equipment, net consist of the following:
			March 31, 2015			December 31, 2014
	Land and improvements		$	82,684,620		$	82,760,900
	Building and improvements			246,354,102			245,827,513
	Furniture, fixtures and equipment			170,638,817			172,862,866
	Leasehold improvements			76,768			—
	Total property and equipment			499,754,307			501,451,279
	Less: accumulated depreciation			(23,988,283	)		(15,431,676	)
	Property and equipment, net		$	475,766,024		$	486,019,603
	Depreciation of $9,937,368 and $304,719 was incurred during the three months ended March 31, 2015 and 2014, respectively.

Accounts_Payable_and_Accrued_E

Accounts Payable and Accrued Expenses	3 Months Ended
	Mar. 31, 2015
Accounts Payable and Accrued Expenses	6	Accounts Payable and Accrued Expenses
	Accounts payable and accrued expenses consist of the following:
			March 31, 2015		December 31, 2014
	Deferred financing costs		$	11,659,014	$	11,353,524
	Property and equipment			1,004,336		9,410,589
	Chip liability			517,062		442,461
	Other			18,710,626		16,362,062
	Total accounts payable and accrued expenses		$	31,891,038	$	37,568,636

Loans_and_Notes_Payable

Loans and Notes Payable	3 Months Ended
	Mar. 31, 2015
Loans and Notes Payable	7	Loans and Notes Payable
	Loans and notes payable consist of the following:
			March 31, 2015			December 31, 2014
	Senior Construction Facility		$	150,000,000		$	150,000,000
	Junior Construction Facility			400,000,000			398,000,000
	Revolving Credit Facility			22,500,000			4,000,000
	Total loans payable			572,500,000			552,000,000
	Notes payable			9,195,696			10,463,604
	Less: current portion			(4,086,976	)		(4,330,355	)
	Total long term loans and notes payable		$	577,608,720		$	558,133,249
	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 condensed 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. Additionally, the Company is subject to certain covenants pursuant to the Senior Construction Facility, including certain financial covenants with an initial measurement date of September 30, 2015.
	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. 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 condensed 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 March 31, 2015 the undrawn portion of the Senior Construction Facility was $2,585,363.
	Junior Construction Facility
	The Junior Construction Facility lenders have raised 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 worked 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).
	During the year ended 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 March 31, 2015 and December 31, 2014, the Company had drawn the entire $200,000,000 from the EB-5 Tranche 2 Facility (“EB-5 Tranche 2 Loan”). 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 March 31, 2015, the EB-5 Tranche 1 Facility lender, via a special purpose entity, had raised $200,000,000 for the EB-5 Tranche 1 Facility. As of March 31, 2015 and December 31, 2014, the Company has drawn $198,000,000 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 condensed 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 March 31, 2015 and 2014, the Company incurred interest relating to the EB-5 Loans totaling $490,139 and $212,376, respectively, which has been included in interest expense in the accompanying condensed consolidated statements of operations. As of March 31, 2015, interest payable in respect of the EB-5 Loans totaling $1,526,406 and $510,222 has been included in accounts payable and accrued expenses and other long-term liabilities, respectively, in the accompanying condensed consolidated balance sheets. As of December 31, 2014, interest payable in respect of the EB-5 Loans totaling $1,283,767 and $362,722 has been included in accounts payable and accrued expenses and other long-term liabilities, respectively, in the accompanying condensed consolidated balance sheets. The EB-5 Loans are collateralized 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 $1,744,722 and $659,209 for the three months ended March 31, 2015 and 2014, respectively, which have been included in general and administrative expenses in the accompanying condensed consolidated statements of operations. As of March 31, 2015, fees payable to the EB-5 Agents totaling $252,222 and $1,634,000 have been included in accounts payable and accrued expenses and other long-term liabilities, respectively, in the accompanying condensed consolidated balance sheets. As of December 31, 2014, fees payable to the EB-5 Agents totaling $441,315 and $891,500 have been included in accounts payable and accrued expenses and other long-term liabilities, respectively, in the accompanying condensed 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 $0 and $11,421,056 for the three months ended March 31, 2015 and 2014, respectively, which have been capitalized as deferred financing costs in the accompanying condensed consolidated balance sheets. As of March 31, 2015, fees payable totaled $11,019,014 and $31,218,903 and have been included in accounts payable and accrued expenses and other long-term liabilities, respectively, in the accompanying condensed consolidated balance sheets. As of December 31, 2014, fees payable totaled $11,343,424 and $33,982,688 and have been included in accounts payable and accrued expenses and other long-term liabilities, respectively, in the accompanying condensed 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 $385,000 for the three months ended March 31, 2015 and 2014, respectively, were earned by the EB-5 Agents and have been capitalized as deferred financing costs in the accompanying condensed consolidated balance sheets. As of March 31, 2015 and December 31, 2014, $40,000 and $0, respectively, were payable to the EB-5 Agents and have been included in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets.
	Additionally, the Company incurs fees for advisory services for the EB-5 Loans. For the three months ended March 31, 2015 and the year ended December 31, 2014, fees totaling $0 and $300,000, respectively, were paid and have been capitalized as deferred financing costs in the accompanying condensed 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 Facility
	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 a $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. Additionally, the Company is subject to certain covenants pursuant to the Revolving Credit Facility, including certain financial covenants with an initial measurement date of September 30, 2015.
	Proceeds from the Revolving Credit Facility will be used by Holdings to finance ongoing working capital and general corporate needs. All amounts owing under the Revolving Credit Facility are collateralized 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. As of March 31, 2015, the amount outstanding was subject to an interest rate of 4.68%. Additionally, the Company will pay a commitment fee for the unutilized portion of the Revolving Credit Facility. As of March 31, 2015, the unutilized portion was subject to a 1.00% commitment fee.
	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 March 31, 2015, $22,500,000 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 for the construction of various interactive media displays throughout the Property. 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. As of March 31, 2015 and December 31, 2014, $9,195,696 and $10,217,441, respectively, of the note payable was outstanding, of which $4,086,976, has been included in current notes payable and $5,108,720 and $6,130,465, respectively, have been included in long-term notes payable in the accompanying condensed consolidated balance sheets.
	Refinancing of the Senior Construction Facility and the Revolving Credit Facility
	On May 1, 2015, Holdings entered into a credit agreement with Mesa West LV SA, LLC. The proceeds provided for under the agreement were used to repay the Senior Construction Facility and the Revolving Credit Facility in full. Refer to Note 11 for additional details of this refinancing that occurred subsequent to the reporting period.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2015
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”), a subsidiary of SBE, 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. In addition, 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 ended March 31, 2015 and 2014, the Company incurred fees relating to the Amended Hotel Management Agreement totaling $1,110,552 and $0, respectively, which have been included in management fees in the accompanying condensed consolidated statements of operations. As of March 31, 2015 and December 31, 2014, $937,082 and $858,029, respectively, was payable to SBEHG.
	For the three months ended March 31, 2015 and 2014, SBEHG incurred payroll-related costs on behalf of the Company totaling $25,773,128 and $3,535,085, respectively. As of March 31, 2015 and December 31, 2014, payroll-related expenses of $11,693,409 and $10,360,332, 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 March 31, 2015 and 2014, the Company incurred development management fees totaling $0 and $900,000, respectively, which have been capitalized to property and equipment in 2014 in the accompanying condensed consolidated balance sheets. As of March 31, 2015 and December 31, 2014, no amounts were payable to the Development Manager related to the fees due under the Development Management Agreement. After the opening of the Property in August 2014, no additional monthly installments were required.
	For the three months ended March 31, 2015 and 2014, the Development Manager incurred payroll-related expenses on behalf of the Company totaling $0 and $111,362, respectively. As of March 31, 2015 and December 31, 2014, $0 were payable to the Development Manager.
	Stockbridge
	For the three months ended March 31, 2015 and 2014, the Company incurred costs totaling $378,317 and $361,226, respectively, for asset management and travel related and other reimbursable expenses that Stockbridge paid and charged back to the Company, of which $0 and $161,468, respectively, have been included in management fees and $378,317 and $0, respectively, have been included in corporate expenses in the accompanying condensed consolidated statements of operations, $0 and $199,758, respectively, have been included in development in progress in the accompanying condensed consolidated balance sheets. As of March 31, 2015 and December 31, 2014, $3,036,330 and $2,725,961, respectively, was payable to Stockbridge.
	SBE
	For the three months ended March 31, 2015 and 2014, the Company incurred costs totaling $1,381,064 and $961,510, respectively, for management and travel related and other reimbursable expenses that SBE paid and charged back to the Company, of which $0 and $843,510, respectively, have been included in pre-opening expenses, $120,053 and $0, respectively, have been included in corporate expenses and $1,198,512 and $0, respectively, have been included in other operating expenses in the accompanying condensed consolidated statements of operations, $62,499 and $118,000, respectively, have been included in development in progress in the accompanying condensed consolidated balance sheets. As of March 31, 2015, $997,905 was payable to SBE. As of December 31, 2014, there was a $178,224 net receivable from SBE. As SBEHG is a subsidiary of SBE, this net receivable is netted with the payable to SBEHG in the accompanying condensed consolidated balance sheets.

Employee_Benefit_Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2015
Employee Benefit Plans	9	Employee Benefit Plans
	Multi-Employer Defined Benefit Pension Plans
	The Company contributes to two multi-employer defined benefit pension plans (the “Plans”) for union employees. For the periods ended March 31, 2015 and 2014, contributions totaled $288,708 and $15,495, respectively. 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.
	In 2011, the Company recorded a liability of $905,781 related to the IATSE claim. For the three months ended March 31, 2015 and 2014, the Company made payments, including interest, totaling $49,661, related to the IATSE claim. As of March 31, 2015 and December 31, 2014, $356,666 and $400,345, respectively, was payable to IATSE, of which $135,559 and $133,286, respectively, have been included in accounts payable and accrued expenses and $221,107 and $267,059, respectively, have been included in other long-term liabilities in the accompanying condensed consolidated balance sheets.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
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	3 Months Ended
	Mar. 31, 2015
Subsequent Events	11	Subsequent Events
	On April 8, 2015, the Company drew down $556,384 of restricted cash from the Senior Construction Facility.
	On April 15, 2015, the Company drew down $858,951 of restricted cash from the Senior Construction Facility and $1,000,000 under the EB-5 Tranche 1 Loan.
	On April 20, 2015, Stockbridge made a capital contribution to the Company totaling $1,800,000 to be used for operations of the Property.
	On April 30, 2015, Stockbridge made a capital contribution to the Company totaling $3,500,000 to be used for operations of the Property.
	On May 1, 2015, Holdings, entered into a credit agreement with Mesa West LV SA, LLC (the “Lender”), for a total amount of $185,000,000 (the “Loan”). The Loan is comprised of an initial funding amount of $162,500,000 and a future advance revolving amount of $22,500,000, all of which has been fully funded as of May 1, 2015. The proceeds of the Loan were used to repay the principal amount outstanding under the Senior Construction Facility, of $150,000,000, and the balance due on the Revolving Credit Facility, of $22,500,000, among other things. The Loan will mature in four years and bears an interest rate of LIBOR plus 8.00%, with a minimum interest rate of 8.50%. The Lender may accelerate the maturity date of the Loan upon the occurrence of certain conditions, as set forth in the credit agreement. The Loan is secured by a first priority lien on all the assets of Holdings and the Company.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Basis of Accounting	Basis of Accounting
	The accompanying condensed 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 condensed consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary, Holdings, SB Gaming and Nav-Strip, LLC (“Nav-Strip”).
Use of Estimates	Use of Estimates
	The preparation of condensed 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 condensed 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 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 condensed 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 condensed 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. 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 is 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		2 - 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 condensed 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 March 31, 2015 and 2014, interest of $0 and $2,423,005, 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 condensed consolidated balance sheets and began to record depreciation and amortization for these assets.
	The Company initiated additional projects in the current period that resulted in a development in progress balance of $710,212 at March 31, 2015. These projects consisted of replacing furniture and flooring in selected food and beverage venues, as well as, additional development to the system that manages the Company’s customer relationships.
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 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 March 31, 2015 and December 31, 2014, 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 months ended March 31, 2015 and the year ended December 31, 2014.
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 terms of the related debt arrangements.
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 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 March 31, 2015 and December 31, 2014, the Company had accrued $155,524 and $103,848, respectively, for the estimated cost of providing these benefits, which have been included in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets.
	The estimated departmental cost of providing promotional allowances for the three months ended March 31, 2015 and 2014, which are included primarily in casino operating expenses, are as follows:
		March 31,
		2015		2014
	Hotel	$	456,644	$	—
	Food and beverage		896,141		—
	Retail and other		18,180		—
		$	1,370,965	$	—
Advertising Costs	Advertising Costs
	Costs for advertising are expensed as incurred. For the three months ended March 31, 2015 and 2014, advertising costs totaling $290,242 and $0, respectively, are included in casino expenses, $612,706 and $0, respectively, are included in hotel expenses, $683,590 and $0, respectively, are included in food and beverage expenses, $1,035,475 and $0, respectively, are included in general and administrative expenses and $0 and $495,846, 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 condensed 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 March 31, 2015 and December 31, 2014, the carrying amount of the Company’s Senior Construction Facility, the Revolving Credit Facility and the Notes Payable approximated their 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.
	Additionally, the allowance for doubtful accounts represents the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. The Company determines the allowance based on an analysis of the collectability of each account with a balance over a specified dollar amount, based upon the age of the account, the customer’s financial condition, collection history and any other known information, and the Company applies standard reserve percentages to aged account balances under the specified dollar amount. Account balances are charged off against the allowance when the Company believes it is probable the receivable will not be recovered. Management believes that there are no concentrations of credit risk for which an allowance has not been established. Although management believes that the allowance is adequate, it is possible that the estimated amount of cash collections with respect to accounts receivable could change.
Reclassifications	Reclassifications
	For the three months ended March 31, 2014, we have reclassified certain operating expenses on the Company’s condensed 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 condensed consolidated statements of operations. Historically, all pre-opening expenses of the Company had been included in general and administrative expenses in the condensed consolidated statements of operations. Effective September 30, 2014, we are presenting pre-opening costs as a separate line item on the condensed consolidated statements of operations and have reclassified amounts in the prior period statements to conform to current period presentations.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (“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 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.
	In April 2015, the FASB issued an accounting standard update to simplify the presentation of debt issuance costs. The update requires that debt issuance costs be reported as a deduction of the face amount of the related debt (rather than as an asset) and that the amortization of debt issuance costs continue to be reported as interest expense. The amendments do not affect the guidance on the recognition and measurement of debt issuance costs. The guidance will be required to be applied on a retrospective basis and will be effective for fiscal years beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. The adoption of this guidance will not have a material effect on the Company’s financial condition, results of operations or cash flows.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2015
Estimated Useful Lives of Assets	Depreciation is 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		2 - 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 three months ended March 31, 2015 and 2014, which are included primarily in casino operating expenses, are as follows:
		March 31,
		2015		2014
	Hotel	$	456,644	$	—
	Food and beverage		896,141		—
	Retail and other		18,180		—
		$	1,370,965	$	—

Accounts_Receivable_Net_Tables

Accounts Receivable, Net (Tables)	3 Months Ended
	Mar. 31, 2015
Components of Accounts Receivable, Net	Accounts receivable, net consist of the following:
		March 31, 2015			December 31, 2014
	Casino	$	2,998,342		$	1,604,000
	Hotel		2,948,581			2,958,464
	Other		1,800,529			896,826
			7,747,452			5,459,290
	Less: allowance for doubtful accounts		(1,004,521	)		(777,821	)
	Total accounts receivable, net	$	6,742,931		$	4,681,469

Prepaid_Expenses_and_Other_Cur1

Prepaid Expenses and Other Current Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Components of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consist of the following:
		March 31, 2015		December 31, 2014
	Prepaid expenses	$	4,467,534	$	5,082,355
	Other current assets		354,855		465,512
	Total prepaid expenses and other current assets	$	4,822,389	$	5,547,867

Property_and_Equipment_Net_Tab

Property and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2015
Components of Property and Equipment, Net	Property and equipment, net consist of the following:
		March 31, 2015			December 31, 2014
	Land and improvements	$	82,684,620		$	82,760,900
	Building and improvements		246,354,102			245,827,513
	Furniture, fixtures and equipment		170,638,817			172,862,866
	Leasehold improvements		76,768			—
	Total property and equipment		499,754,307			501,451,279
	Less: accumulated depreciation		(23,988,283	)		(15,431,676	)
	Property and equipment, net	$	475,766,024		$	486,019,603

Accounts_Payable_and_Accrued_E1

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2015
Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consist of the following:
		March 31, 2015		December 31, 2014
	Deferred financing costs	$	11,659,014	$	11,353,524
	Property and equipment		1,004,336		9,410,589
	Chip liability		517,062		442,461
	Other		18,710,626		16,362,062
	Total accounts payable and accrued expenses	$	31,891,038	$	37,568,636

Loans_and_Notes_Payable_Tables

Loans and Notes Payable (Tables)	3 Months Ended
	Mar. 31, 2015
Schedule of Loans and Notes Payable	Loans and notes payable consist of the following:
		March 31, 2015			December 31, 2014
	Senior Construction Facility	$	150,000,000		$	150,000,000
	Junior Construction Facility		400,000,000			398,000,000
	Revolving Credit Facility		22,500,000			4,000,000
	Total loans payable		572,500,000			552,000,000
	Notes payable		9,195,696			10,463,604
	Less: current portion		(4,086,976	)		(4,330,355	)
	Total long term loans and notes payable	$	577,608,720		$	558,133,249

Organization_Additional_Inform

Organization - Additional Information (Detail) (USD $)	0 Months Ended			3 Months Ended
	Aug. 01, 2007	Apr. 13, 2012	Apr. 23, 2012	Mar. 31, 2015	Mar. 31, 2014	Feb. 28, 2013	2-May-12	Sep. 16, 2014
Business Acquisition [Line Items]
Deposit into escrow account						$24,361,631
Acquisition of the Property
Business Acquisition [Line Items]
Consideration for acquisition	354,269,478
Senior Construction Facility
Business Acquisition [Line Items]
Construction facility							300,000,000
Minimum | Junior Construction Facility
Business Acquisition [Line Items]
Construction facility							115,000,000
Stockbridge Fund III
Business Acquisition [Line Items]
Funds to be provided				40,000,000
JPMorgan Chase Bank | Revolving Credit Facility
Business Acquisition [Line Items]
Construction facility								$65,000,000
Stockbridge/SBE Voteco Company, LLC | Voting Rights
Business Acquisition [Line Items]
Ownership interest		100.00%
Stockbridge/SBE Voteco Company, LLC | Economic Interest
Business Acquisition [Line Items]
Ownership interest		0.00%
Stockbridge/SBE Intermediate Company, LLC | Voting Rights
Business Acquisition [Line Items]
Ownership interest			100.00%
Stockbridge/SBE Intermediate Company, LLC | Economic Interest
Business Acquisition [Line Items]
Ownership interest			0.00%
Stockbridge/SBE Intermediate Company, LLC | Stockbridge
Business Acquisition [Line Items]
Ownership interest in Intermediateco				90.00%	90.00%
Stockbridge/SBE Intermediate Company, LLC | SBE
Business Acquisition [Line Items]
Ownership interest in Intermediateco				10.00%	10.00%

Summary_of_Significant_Account3

Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Sep. 30, 2011
Significant Accounting Policies [Line Items]
Maturities of highly liquid investments	3 months
Development in progress	$710,212
Interest capitalized	0	2,423,005
Impairment charges	0		0
Allowances provided by entity included in account payable and accrued expenses	155,524		103,848
General and Administrative Expenses
Significant Accounting Policies [Line Items]
Costs for advertising	1,035,475	0
Pre-opening Expenses
Significant Accounting Policies [Line Items]
Costs for advertising	0	495,846
Casino Expenses
Significant Accounting Policies [Line Items]
Costs for advertising	290,242	0
Hotel Expenses
Significant Accounting Policies [Line Items]
Costs for advertising	612,706	0
Food and Beverage Expenses
Significant Accounting Policies [Line Items]
Costs for advertising	683,590	0
Building and improvements
Significant Accounting Policies [Line Items]
Development in progress				$21,286,363

Estimated_Useful_Lives_of_Asse

Estimated Useful Lives of Assets (Detail)	3 Months Ended
	Mar. 31, 2015
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	2 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_Estimated_Departmen

Summary of Estimated Departmental Cost of Providing Promotional Allowances Casino Operating Expenses (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015
Casino operating expenses	$1,370,965
Hotel
Casino operating expenses	456,644
Food and Beverage
Casino operating expenses	896,141
Retail and Other
Casino operating expenses	$18,180

Components_of_Accounts_Receiva

Components of Accounts Receivable, Net (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$7,747,452	$5,459,290
Less: allowance for doubtful accounts	-1,004,521	-777,821
Total accounts receivable, net	6,742,931	4,681,469
Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	2,998,342	1,604,000
Hotel
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	2,948,581	2,958,464
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$1,800,529	$896,826

Components_of_Prepaid_Expenses

Components of Prepaid Expenses and Other Current Assets (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Prepaid Expenses And Other Current Assets [Line Items]
Prepaid expenses	$4,467,534	$5,082,355
Other current assets	354,855	465,512
Total prepaid expenses and other current assets	$4,822,389	$5,547,867

Components_of_Property_and_Equ

Components of Property and Equipment, Net (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Total property and equipment	$499,754,307	$501,451,279
Less: accumulated depreciation	-23,988,283	-15,431,676
Property and equipment, net	475,766,024	486,019,603
Land and improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	82,684,620	82,760,900
Building and improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	246,354,102	245,827,513
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	170,638,817	172,862,866
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	$76,768

Property_and_Equipment_Net_Add

Property and Equipment, Net - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$9,937,368	$304,719

Accounts_Payable_and_Accrued_E2

Accounts Payable and Accrued Expenses (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Accounts Payable and Accrued Liabilities [Line Items]
Accounts payable and accrued expenses	$31,891,038	$37,568,636
Deferred Financing Costs
Accounts Payable and Accrued Liabilities [Line Items]
Accounts payable and accrued expenses	11,659,014	11,353,524
Property and Equipment, Net
Accounts Payable and Accrued Liabilities [Line Items]
Accounts payable and accrued expenses	1,004,336	9,410,589
Chip liability
Accounts Payable and Accrued Liabilities [Line Items]
Accounts payable and accrued expenses	517,062	442,461
Other
Accounts Payable and Accrued Liabilities [Line Items]
Accounts payable and accrued expenses	$18,710,626	$16,362,062

Schedule_of_Loans_and_Notes_Pa

Schedule of Loans and Notes Payable (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Jan. 30, 2014
Debt Instrument [Line Items]
Loans payable	$572,500,000	$552,000,000
Notes payable	9,195,696	10,463,604
Less: current portion	-4,086,976	-4,330,355
Total long term loans and notes payable	577,608,720	558,133,249
Senior Construction Facility
Debt Instrument [Line Items]
Loans payable	150,000,000	150,000,000	150,000,000
Junior Construction Facility
Debt Instrument [Line Items]
Loans payable	400,000,000	398,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Loans payable	$22,500,000	$4,000,000

Loans_and_Notes_Payable_Additi

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

3 Months Ended

0 Months Ended

12 Months Ended

Mar. 31, 2015

Mar. 31, 2014

Jan. 30, 2014

Aug. 02, 2013

1-May-13

Feb. 04, 2013

Nov. 01, 2012

2-May-12

Feb. 14, 2013

Jan. 31, 2013

Feb. 02, 2014

Nov. 02, 2012

Dec. 31, 2014

Nov. 27, 2013

Jul. 25, 2013

Dec. 31, 2013

Sep. 16, 2014

Line of Credit Facility [Line Items]

Net proceeds of credit facility

$20,500,000

$158,000,000

Prepayment premium

15,000,000

Loans payable

572,500,000

552,000,000

Interest expense

9,926,426

5,765,120

Deferred financing costs

54,335,887

57,677,024

Note payable outstanding

9,195,696

10,463,604

Current notes payable

4,086,976

4,330,355

Long-term notes payable

5,108,720

6,133,249

Notes payable

Line of Credit Facility [Line Items]

Amendment period

Jul-14

Total amended contract price

13,597,699

Partial amount of contract price paid

1,336,770

Number of equal quarterly Installments

12

Fixed interest rate

9.50%

Note payable outstanding

9,195,696

10,217,441

Current notes payable

4,086,976

4,086,976

Long-term notes payable

5,108,720

6,130,465

Senior Construction Facility

Line of Credit Facility [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%

Debt maturity, description

Earlier of (i) May 2, 2017 or (ii) six months prior to the maturity date of the Junior Construction Facility.

Debt maturity date

2-May-17

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

Loans payable

150,000,000

150,000,000

150,000,000

Undrawn portion of Senior Construction Facility

2,585,363

Senior Construction Facility | London Interbank Offered Rate (LIBOR)

Line of Credit Facility [Line Items]

Debt variable rate

11.00%

Senior Construction Facility | Stockbridge And SBE

Line of Credit Facility [Line Items]

Capital contribution deposited on escrow accounts

24,361,631

Senior Construction Facility | Amendment One

Line of Credit Facility [Line Items]

Reduction in credit facility

150,000,000

Senior Construction Facility | Amendment One | Scenario 1

Line of Credit Facility [Line Items]

Reduction in credit facility

150,000,000

Senior Construction Facility | Amendment One | Scenario 2

Line of Credit Facility [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

Line of Credit Facility [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.

Senior Construction Facility | Amendment Two

Line of Credit Facility [Line Items]

Reduction in credit facility

150,000,000

Senior Construction Facility | Amendment Two | Scenario 4

Line of Credit Facility [Line Items]

Reduction in credit facility

0

Senior Construction Facility | Amendment Two | Scenario 5

Line of Credit Facility [Line Items]

Reduction in credit facility

50,000,000

Senior Construction Facility | Amendment Two | Scenario 7

Line of Credit Facility [Line Items]

Reduction in credit facility

0

Senior Construction Facility | Amendment Two | Scenario 8

Line of Credit Facility [Line Items]

Reduction in credit facility

0

Senior Construction Facility | Amendment Two | Maximum | Scenario 4

Line of Credit Facility [Line Items]

Credit facility current capacity

125,000,000

Junior Construction Facility

Line of Credit Facility [Line Items]

Loans payable

400,000,000

398,000,000

Investment required

500,000

Junior Construction Facility | Minimum

Line of Credit Facility [Line Items]

Net proceeds of credit facility

115,000,000

Junior Construction Facility | Amendment One | Scenario 1

Line of Credit Facility [Line Items]

Credit facility maximum capacity

300,000,000

Junior Construction Facility | Amendment Two

Line of Credit Facility [Line Items]

Credit facility maximum capacity

400,000,000

Junior Construction Facility | Amendment Two | Minimum | Scenario 5

Line of Credit Facility [Line Items]

Credit facility current capacity

125,000,000

Junior Construction Facility | Amendment Two | Minimum | Scenario 6

Line of Credit Facility [Line Items]

Credit facility current capacity

175,000,000

Junior Construction Facility | Amendment Two | Minimum | Scenario 7

Line of Credit Facility [Line Items]

Credit facility current capacity

200,000,000

Junior Construction Facility | Amendment Two | Minimum | Scenario 8

Line of Credit Facility [Line Items]

Credit facility current capacity

300,000,000

Junior Construction Facility | Amendment Two | Maximum | Scenario 5

Line of Credit Facility [Line Items]

Credit facility current capacity

175,000,000

Junior Construction Facility | Amendment Two | Maximum | Scenario 6

Line of Credit Facility [Line Items]

Credit facility current capacity

200,000,000

Junior Construction Facility | Amendment Two | Maximum | Scenario 7

Line of Credit Facility [Line Items]

Credit facility current capacity

300,000,000

Junior Construction Facility | Amendment Two | Maximum | Scenario 8

Line of Credit Facility [Line Items]

Credit facility current capacity

400,000,000

Junior Construction Facility | EB-5 Tranche 1

Line of Credit Facility [Line Items]

Debt maturity date

30-Jan-19

Credit facility maximum capacity

200,000,000

Credit facility drawn amount

198,000,000

198,000,000

Interest rate

0.50%

Credit facility extension period

1 year

Amount raised from credit facility

200,000,000

Junior Construction Facility | EB-5 Tranche 2

Line of Credit Facility [Line Items]

Debt maturity date

1-Aug-18

Credit facility maximum capacity

200,000,000

200,000,000

Credit facility drawn amount

200,000,000

200,000,000

Interest rate

0.50%

Number of extension options

2

Credit facility extension period

1 year

Junior Construction Facility | EB-5 Loans

Line of Credit Facility [Line Items]

Interest expense

490,139

212,376

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

Line of Credit Facility [Line Items]

Interest payable

1,526,406

1,283,767

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

Line of Credit Facility [Line Items]

Interest payable

510,222

362,722

Junior Construction Facility | EB-5 Loans | Advisory Services

Line of Credit Facility [Line Items]

Advisory fees paid

0

300,000

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

Line of Credit Facility [Line Items]

Loan fees

1,744,722

659,209

Success fees

40,000

385,000

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

Line of Credit Facility [Line Items]

Fees payable

252,222

441,315

Deferred financing costs

40,000

0

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

Line of Credit Facility [Line Items]

Fees payable

1,634,000

891,500

Junior Construction Facility | EB-5 Loans | Migration Agent

Line of Credit Facility [Line Items]

Migration agent services

0

11,421,056

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

Line of Credit Facility [Line Items]

Fees payable

11,019,014

11,343,424

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

Line of Credit Facility [Line Items]

Fees payable

31,218,903

33,982,688

Revolving Credit Facility

Line of Credit Facility [Line Items]

Debt maturity date

30-Sep-18

Credit facility maximum capacity

65,000,000

Loans payable

22,500,000

4,000,000

Credit facility drawn amount

22,500,000

Interest rate on outstanding amount

4.68%

Percentage of commitment fee for unutilized portion

1.00%

Senior and Junior Construction Facility

Line of Credit Facility [Line Items]

Credit facility maximum capacity

$22,500,000

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (USD $)	3 Months Ended		0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jun. 16, 2014	Apr. 01, 2011	Dec. 31, 2014	Aug. 31, 2014
Related Party Transaction [Line Items]
Management fees incurred	$1,110,552	$161,468
Stockbridge
Related Party Transaction [Line Items]
Due to related parties	3,036,330				2,725,961
Management and travel related and other reimbursable expenses	378,317	361,226
Stockbridge | Development in Progress
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	0	199,758
Stockbridge | Management Fees
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	0	161,468
Stockbridge | Corporate Expenses
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	378,317	0
SBEHG Las Vegas I, LLC
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	1,110,552	0
Management fee payable	937,082	858,029
Payroll-related costs incurred by affiliate on behalf of the company	25,773,128	3,535,085
Due to related parties	11,693,409	10,360,332
SBE Las Vegas Redevelopment I, LLC
Related Party Transaction [Line Items]
Payroll-related costs incurred by affiliate on behalf of the company	0	111,362
Due to related parties	0	0
Development management fees	0	0		10,873,000
Development management fees monthly installment payment				300,000		0
Increase in development management fees as percentage of increase in project costs				2.00%
Development management fees incurred	0	900,000
SBE
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	1,381,064	961,510
Payable to related party	997,905
Net Receivable from related party					178,224
SBE | Development in Progress
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	62,499	118,000
SBE | Corporate Expenses
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	120,053	0
SBE | Pre-opening Expenses
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	0	843,510
SBE | Other Operating Expenses
Related Party Transaction [Line Items]
Management and travel related and other reimbursable expenses	$1,198,512	$0

Employee_Benefit_Plans_Additio

Employee Benefit Plans - Additional Information (Detail) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2014
Multiemployer Plans [Line Items]
Multi-employer defined benefit pension plans, contribution	$288,708	$15,495
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			549,323
Nevada Resort Association - IATSE Local 720 Retirement Plan ("IATSE")
Multiemployer Plans [Line Items]
Withdrawal obligation payable	356,666			905,781	400,345
Payment related to plan	49,661	49,661
Nevada Resort Association - IATSE Local 720 Retirement Plan ("IATSE") | Accounts payable and accrued expenses
Multiemployer Plans [Line Items]
Withdrawal obligation payable	135,559				133,286
Nevada Resort Association - IATSE Local 720 Retirement Plan ("IATSE") | Other long- term liabilities
Multiemployer Plans [Line Items]
Withdrawal obligation payable	$221,107				$267,059

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Detail) (USD $)	0 Months Ended
	2-May-12	Apr. 15, 2015	Apr. 30, 2015	Apr. 20, 2015	1-May-15	Apr. 08, 2015	Mar. 31, 2015	Sep. 16, 2014
Senior Construction Facility
Subsequent Event [Line Items]
Loan, Future advance revolving amount							$2,585,363
Debt instrument effective rate	13.00%
Senior Construction Facility | London Interbank Offered Rate (LIBOR)
Subsequent Event [Line Items]
Debt variable rate	11.00%
Revolving Credit Facility
Subsequent Event [Line Items]
Loan, total amount								65,000,000
Subsequent Event | EB-5 Tranche 1
Subsequent Event [Line Items]
Proceeds from loans		1,000,000
Subsequent Event | Stockbridge
Subsequent Event [Line Items]
Capital contribution from Stockbridge			3,500,000	1,800,000
Subsequent Event | Senior Construction Facility
Subsequent Event [Line Items]
Proceeds from loans		858,951				556,384
Repayment of outstanding principal amount					150,000,000
Subsequent Event | Line of Credit [Member] | Mesa West LV SA, LLC
Subsequent Event [Line Items]
Loan, total amount					185,000,000
Loan, initial funding amount					162,500,000
Loan, Future advance revolving amount					22,500,000
Debt maturity term					4 years
Debt instrument effective rate					8.50%
Subsequent Event | Line of Credit [Member] | Mesa West LV SA, LLC | London Interbank Offered Rate (LIBOR)
Subsequent Event [Line Items]
Debt variable rate					8.00%
Subsequent Event | Revolving Credit Facility
Subsequent Event [Line Items]
Repayment of outstanding principal amount					$22,500,000