Nevada Gold & Casinos (UWN) 10-Q 17 Mar 15 2015 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Jan. 31, 2015	Mar. 01, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Jan-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Entity Registrant Name	NEVADA GOLD & CASINOS INC
Entity Central Index Key	277058
Current Fiscal Year End Date	-26
Entity Filer Category	Smaller Reporting Company
Trading Symbol	UWN
Entity Common Stock, Shares Outstanding		16,263,456

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Jan. 31, 2015	Apr. 30, 2014
Current assets:
Cash and cash equivalents	$7,454,664	$7,738,985
Restricted cash	1,533,842	1,388,995
Accounts receivable, net of allowances of $42,098 at January 31, 2015 and April 30, 2014	551,680	252,504
Prepaid expenses	876,473	829,228
Deferred tax asset, current portion	75,052	98,643
Notes receivable, current portion	379,093	332,973
Inventory and other current assets	370,799	344,686
Total current assets	11,241,603	10,986,014
Real estate held for sale	1,100,000	1,100,000
Notes receivable, net of current portion	1,413,626	1,730,246
Goodwill	16,103,583	16,103,583
Identifiable intangible assets, net of accumulated amortization of $6,531,323 and $5,619,009 at January 31, 2015 and April 30, 2014, respectively	4,841,853	5,754,167
Property and equipment, net of accumulated depreciation of $4,275,183 and $3,632,349 at January 31, 2015 and April 30, 2014, respectively	4,181,059	4,289,178
Deferred tax asset, net of current portion	3,787,430	4,356,972
Other assets	415,994	486,466
Total assets	43,085,148	44,806,626
Current liabilities:
Accounts payable and accrued payroll	1,564,898	1,427,010
Other accrued liabilities	2,472,448	2,215,787
Long-term debt, current portion	0	1,625,000
Total current liabilities	4,037,346	5,267,797
Long-term debt, net of current portion	8,800,000	10,725,000
Other long-term liabilities	556,358	486,870
Total liabilities	13,393,704	16,479,667
Stockholders' equity:
Common stock, $0.12 par value per share; 50,000,000 shares authorized; 17,031,293 and 16,980,676 shares issued and 16,248,456 and 16,197,839 shares outstanding at January 31, 2015, and April 30, 2014, respectively	2,043,764	2,037,689
Additional paid-in capital	24,712,783	24,578,117
Retained earnings	9,866,932	8,648,727
Treasury stock, 782,837 shares at January 31, 2015 and April 30, 2014, respectively, at cost	-6,932,035	-6,932,035
Accumulated other comprehensive loss	0	-5,539
Total stockholders' equity	29,691,444	28,326,959
Total liabilities and stockholders' equity	$43,085,148	$44,806,626

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Jan. 31, 2015	Apr. 30, 2014
Allowance for Doubtful Accounts Receivable, Current	$42,098	$42,098
Intangible assets, net of accumulated amortization	6,531,323	5,619,009
Property and equipment, accumulated depreciation	$4,275,183	$3,632,349
Common stock, par value	$0.12	$0.12
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	17,031,293	16,980,676
Common stock, shares outstanding	16,248,456	16,197,839
Treasury stock, shares	782,837	782,837

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Revenues:
Casino	$13,821,745	$12,810,554	$42,400,880	$41,239,008
Food and beverage	2,672,738	2,606,048	7,601,608	7,476,123
Other	432,329	432,150	1,334,215	1,295,549
Gross revenues	16,926,812	15,848,752	51,336,703	50,010,680
Less promotional allowances	-1,122,522	-1,087,885	-3,251,269	-3,194,646
Net revenues	15,804,290	14,760,867	48,085,434	46,816,034
Expenses:
Casino	7,477,300	7,379,668	24,020,673	24,286,561
Food and beverage	1,391,532	1,322,877	4,033,675	3,821,637
Marketing and administrative	4,256,343	4,017,777	12,507,381	12,419,561
Facility	509,723	489,927	1,526,237	1,460,408
Corporate expense	675,846	638,177	1,814,246	1,840,428
Other	73,767	62,053	217,639	187,101
Depreciation and amortization	553,910	565,030	1,643,565	1,692,254
Writedowns and other charges	24,613	7,412	41,700	72,888
Total operating expenses	14,963,034	14,482,921	45,805,116	45,780,838
Operating income	841,256	277,946	2,280,318	1,035,196
Non-operating income (expenses):
Interest income	29,066	33,241	90,583	101,727
Interest expense and amortization of loan issue costs	-146,530	-303,318	-514,297	-1,167,961
Loss on extinguishment of debt	0	-283,550	0	-283,550
Decrease in swap fair value	-35,383	0	-37,729	0
Write-off of marketable securities	0	0	-7,539	0
Income (loss) before income tax benefit (expense)	688,409	-275,681	1,811,336	-314,588
Income tax benefit (expense)	-240,301	72,643	-593,131	116,480
Net income (loss)	$448,108	($203,038)	$1,218,205	($198,108)
Per share information:
Net income (loss) per common share - basic	$0.03	($0.01)	$0.08	($0.01)
Net income (loss) per common share - diluted	$0.03	($0.01)	$0.07	($0.01)
Basic weighted average number of shares outstanding	16,225,562	16,136,485	16,212,916	16,115,311
Diluted weighted average number of shares outstanding	16,511,369	16,136,485	16,374,853	16,115,311

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Cash flows from operating activities:
Net income (loss)	$1,218,205	($198,108)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	1,643,565	1,692,254
Change in deferred income taxes	593,133	-116,480
Amortization of deferred loan issuance costs	67,566	209,885
Stock-based compensation	84,851	40,860
Loss on sale/settlement of assets	41,700	15,929
Loss on extinguishment of debt	0	283,550
Write-off of marketable securities	7,539	0
Change in swap fair value	37,729	0
Impairment of capitalized development projects	0	56,959
Amortization of deferred rent	4,067	18,072
Change in deferred interest income	906	11,007
Changes in operating assets and liabilities:
Restricted cash	-144,847	-19,437
Receivables and other assets	-372,534	-86,302
Accounts payable and accrued liabilities	394,549	-979,263
Net cash provided by operating activities	3,576,429	928,926
Cash flows from investing activities:
Purchase of property and equipment	-627,674	-280,132
Collections on notes receivable	270,500	177,266
Proceeds from the sale of assets	1,125	5,574
Net cash used in investing activities	-356,049	-97,292
Cash flows from financing activities:
Repayment of credit facilities	-3,550,000	-15,710,000
Employee stock plan purchases	41,189	54,422
Repayment of capital lease	-10,590	0
Proceeds from credit facilities	0	14,250,000
Payment of deferred loan costs	0	-473,808
Cash proceeds from exercise of stock options	14,700	10,650
Net cash used in financing activities	-3,504,701	-1,868,736
Net decrease in cash and cash equivalents	-284,321	-1,037,102
Cash and cash equivalents at beginning of period	7,738,985	6,723,919
Cash and cash equivalents at end of period	7,454,664	5,686,817
Supplemental cash flow information:
Cash paid for interest	456,478	952,799
Non-cash investing and financing activities:
Acquisition of equipment via capital lease	$38,282	$0

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Jan. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1.   Basis of Presentation
	The interim financial information included herein is unaudited. However, the accompanying consolidated financial statements include all adjustments of a normal recurring nature which, in the opinion of management, are necessary to present fairly our Consolidated Balance Sheets at January 31, 2015 and April 30, 2014, Consolidated Statements of Operations for the three and nine months ended January 31, 2015 and January 31, 2014, and Consolidated Statements of Cash Flows for the nine months ended January 31, 2015 and January 31, 2014. Although we believe the disclosures in these financial statements are adequate to make the interim information presented not misleading, certain information relating to our organization and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted in this Form 10-Q pursuant to Securities and Exchange Commission (“SEC”) rules and regulations. These financial statements should be read in conjunction with the audited consolidated financial statements for the year ended April 30, 2014 and the notes thereto included in our Annual Report on Form 10-K. The results of operations for the three and nine months ended January 31, 2015 are not necessarily indicative of the results expected for the full year.
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period and disclosure of contingent liabilities. On an ongoing basis, we evaluate our estimates, including those related to bad debts, investments, intangible assets and goodwill, property, plant and equipment, income taxes, employment benefits and contingent liabilities. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates.
	Certain reclassifications at the consolidated statements of operations have been made to conform prior year period financial information to the current period presentation. The reclassifications did not impact income (loss) before income tax benefit (expense) or net income.

Critical_Accounting_Policies

Critical Accounting Policies	9 Months Ended
	Jan. 31, 2015
Accounting Policies [Abstract]
Critical Accounting Policies	Note 2.   Critical Accounting Policies
	Revenue Recognition
	We record revenues from casino operations and interest on notes receivable on the accrual basis as earned. The dates on which payments are collected may vary depending upon the term of the contracts or note receivable agreements. Interest income related to notes receivable is recorded when earned and its collectability is reasonably certain.
	The retail value of food and beverage and other services furnished to guests without charge is included in gross revenue and deducted as promotional allowances. Net revenues do not include the retail amount of food, beverage and other items provided gratuitously to customers. We record the redemption of coupons and points for cash as a reduction of revenue as they are earned. These amounts are included in promotional allowances in the accompanying consolidated statements of operations. The estimated cost of providing such complimentary services included in casino expense in the accompanying consolidated statements of operations was as follows:
		Three Months Ended				Nine Months Ended
				January 31,		January 31,		January 31,
		January 31, 2015		2014		2015		2014
	Food and beverage	$	808,941	$	767,913	$	2,401,566	$	2,319,852
	Other		39,228		42,055		107,720		106,545
	Total cost of complimentary services	$	848,169	$	809,968	$	2,509,286	$	2,426,397
	Fair Value
	U.S. generally accepted accounting principles defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and establishes a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy categorizes assets and liabilities measured at fair value into one of three different levels depending on the observability of the inputs employed in the measurement. The three levels are as follows:
	Level 1 – Observable inputs such as quoted prices in active markets at the measurement date for identical, unrestricted assets or liabilities.
	Level 2 – Other inputs that are observable directly or indirectly such as quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability.
	Level 3 – Unobservable inputs for which there is little or no market data and which we make our own assumptions about how market participants would price the assets and liabilities.
	The following describes the valuation methodologies used by us to measure fair value:
	Real estate held for sale is recorded at fair value less selling costs.
	Goodwill and indefinite lived intangible assets are recorded at carrying value and tested for impairment annually, or more frequently, using projections of undiscounted future cash flows.
	Interest rate swaps are adjusted on a recurring basis pursuant to accounting standards for fair value measurements. We categorize our interest rate swap as Level 2 for fair value measurement.
	Concentrations of Credit Risk
	Financial instruments that potentially subject us to concentrations of credit risk are primarily notes receivable, cash and cash equivalents, accounts receivable and payable, and long term debt. Management performs periodic evaluations of the collectability of these notes and accounts receivable. Our cash deposits are held with large, well-known financial institutions, and, at times, such deposits may be in excess of the federally insured limit. The recorded value of cash, accounts receivable and payable, approximate fair value based on their short term nature; the recorded value of long term debt approximates fair value as interest rates approximate current market rates.
	New Accounting Pronouncements and Legislation Issued
	In April 2014, the Financial Accounting Standards Board (the “FASB”) issued amended accounting guidance that changes the criteria for reporting discontinued operations and expands the related disclosure requirements. This guidance is effective in the first quarter of our fiscal year 2016, and early adoption is permitted. The Company will adopt this guidance during the first quarter of fiscal year 2016 and does not expect the adoption to have a material impact on its financial position or results of operations.
	In May 2014, the FASB issued a new accounting standard for revenue recognition. The new standard supersedes the existing accounting guidance for revenue recognition and amends certain accounting guidance for recognition of gains and losses on the transfer of non-financial assets. For public companies, the new guidance is effective for annual reporting periods (including interim periods within those periods) beginning after December 15, 2016, and early adoption is not permitted. Upon adoption, financial statement issuers may elect to apply the new standard either retrospectively to each prior reporting period presented, or using a modified retrospective approach by recognizing the cumulative effect of initial application and providing certain additional disclosures. The Company will adopt this guidance in the first quarter of fiscal year 2018. The Company is currently evaluating the impact this guidance will have on its financial position and results of operations, and has not yet determined which adoption method it will elect.
	In June 2014, the FASB issued an update which requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. The standard is effective for annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company is evaluating the potential impacts of the new standard on its existing stock-based compensation plans.
	In August 2014, the FASB issued an update which provides guidance on determining when and how reporting entities must disclose going-concern uncertainties in their financial statements. The pronouncement is effective for annual periods ending after December 15, 2016, and interim periods thereafter, and early adoption is permitted. The impact of the adoption of this update is currently under evaluation.
	In November 2014, the FASB issued an update which provides guidance on whether, and at what threshold, an acquired entity that is a business or nonprofit activity can apply pushdown accounting in its separate financial statements. The pronouncement was effective on November 18, 2014. The impact of the adoption did not have an effect on our consolidated financial statements.
	A variety of proposed or otherwise potential accounting guidance is currently under study by standard-setting organizations and certain regulatory agencies. Due to the tentative and preliminary nature of such proposed accounting guidance, the Company has not yet determined the effect, if any, that the implementation of such proposed accounting guidance would have on its condensed consolidated financial statements.

Restricted_Cash

Restricted Cash	9 Months Ended
	Jan. 31, 2015
Restricted Cash and Investments [Abstract]
Restricted Cash	Note 3. Restricted Cash
	As of January 31, 2015 and April 30, 2014, we maintained $1,533,842 and $1,388,995, respectively, in restricted cash, which consists of player-supported jackpot funds for our Washington operations.

Notes_Receivable

Notes Receivable	9 Months Ended
	Jan. 31, 2015
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Notes Receivable	Note 4.   Notes Receivable
	As of January 31, 2015 and April 30, 2014, we had net notes receivable of $1,792,719 and $2,063,219, respectively.
	G Investments, LLC
	Upon completion of the sale of the Colorado Grande Casino on May 25, 2012, we recorded a $2,325,000 note receivable. This note bears interest at 6% per annum through the maturity date of June 1, 2017 and is secured with all of the assets of the Colorado Grande Casino, pledge of membership interest in G Investments, LLC (“GI”), and a personal guaranty by GI’s principal.
	As of January 31, 2015, the remaining principal and interest payments are scheduled to be made as follows:
		·	Beginning June 1, 2014, thirty six monthly installments of principal and accrued interest of $40,000; and
		·	A final installment of $907,061 which is due on the maturity date of June 1, 2017.
	GI has timely made previously required principal and interest payments. Since the inception of this note we have collected $885,000 which consists of $532,281 of principal plus $352,719 of interest.
	Big City Capital, LLC
	At January 31, 2015 and April 30, 2014, our balance sheet reflects net notes receivable of $0, net of a $3,200,000 valuation allowance, related to the development of gaming/entertainment projects from Big City Capital, LLC (“Big City Capital”).
	BVD/BVO Receivable
	At January 31, 2015 and April 30, 2014, our balance sheet reflects a net receivable of $0, net of a $4,575,000 valuation allowance, related to the development of gaming/entertainment projects from B. V. Oro, LLC (“BVO”).

LongTerm_Debt

Long-Term Debt	9 Months Ended
	Jan. 31, 2015
Debt Disclosure [Abstract]
Long-Term Debt	Note 5.   Long-Term Debt
	Our long-term financing obligations are as follows:
		January 31,		April 30,
		2015		2014
	$12.75 million reducing revolving credit agreement, LIBOR plus an Applicable Margin, increasing quarterly reductions beginning March 31, 2014 through September 30, 2018, and the remaining $4,250,000 principal due on the maturity date of December 10, 2018	$	8,800,000	$	12,350,000
	Less: current portion		-		-1,625,000
	Total long-term financing obligations	$	8,800,000	$	10,725,000
	On December 18, 2013, the Company and certain of its subsidiaries entered into a new $12,750,000 Reducing Revolving Credit Agreement with Mutual of Omaha Bank (the “Credit Facility”). The Credit Facility and $1,170,000 of the Company’s cash were utilized to pay off all of the Company’s outstanding long term debt obligations. The Credit Facility matures on December 10, 2018, is secured by liens on substantially all of the real and personal property of the Company and its subsidiaries. The interest rate on the borrowing is based on LIBOR plus an Applicable Margin, which will be determined quarterly, based on the total leverage ratio for the trailing twelve month period. The initial Applicable Margin was 5.00% until July 1, 2014, when the first quarterly pricing change took effect. The interest rate on the borrowing as of January 31, 2015, is 4.157%. In addition, the Company is required to fix the interest rate on at least 50% of the borrowing through a swap agreement.
	As of January 31, 2015, principal reductions due on the Credit Facility are as follows:
	February 1, 2015 – January 31, 2016	$	-
	February 1, 2016 – January 31, 2017	$	1,150,000
	February 1, 2017 – January 31, 2018	$	1,900,000
	February 1, 2018 – December 10, 2018	$	5,750,000
	As of January 31, 2015, we prepaid $2,350,000 of principal reductions. Per the Credit Agreement, we have the right to re-borrow these prepaid funds.
	The Credit Facility contains customary covenants for a facility of this nature, including, but not limited to, covenants requiring the preservation and maintenance of the Company’s assets and covenants restricting our ability to merge, transfer ownership, incur additional indebtedness, encumber assets and make certain investments.  The Credit Facility also contains covenants requiring the Company to maintain certain financial ratios commencing as of the fiscal quarter ending April 30, 2014, including a maximum total leverage ratio ranging from 3.00 to 1.00 through July 31, 2015, 2.50 to 1.00 from August 1, 2015 through January 31, 2017, and 2.00 to 1.00 from February 1, 2017 until maturity; and lease adjusted fixed charge coverage ratio of no less than 1.15 to 1.00. We are in compliance with the covenant requirements of the Credit Facility as of January 31, 2015.
	The Company evaluated the refinancing transaction in accordance with the accounting standards for debt modifications and extinguishments and evaluated the refinancing transaction on a lender by lender basis. As a result of this evaluation, the Company concluded the refinancing was an extinguishment of debt and recognized a loss on debt extinguishment of $283,550 in the third quarter of fiscal year 2014, representing the write-off of unamortized debt issuance costs as of the date of the refinancing. In connection with the refinancing transaction in the third quarter of fiscal 2014, the Company paid $450,000 in fees and other costs which have been capitalized and included in other assets on the consolidated balance sheet.
	In August 2014, we completed installation of computer hardware and related software. We financed the acquisition by signing a three year capital lease with the company we purchased the equipment from. We financed $38,282 which is scheduled to be repaid in 36 equal monthly installments. At the end of the lease period we have the option to acquire the equipment for a nominal amount. As of January 31, 2015, we have repaid $10,590. The remaining balance of the capital lease obligation is included in other current and long-term liabilities.

Interest_Rate_Swap

Interest Rate Swap	9 Months Ended
	Jan. 31, 2015
Interest Rate Swap [Abstract]
Interest Rate Swap	Note 6.   Interest Rate Swap
	We are required by the Credit Facility to have a secured interest rate swap for at least 50% of the remaining Credit Facility principal balance. The Company has an approved interest rate swap policy which establishes guidelines for the use and management of interest rate swaps to either reduce the cost or hedge existing or planned debt. The policy states that the Company shall not enter into swap transactions for speculative purposes. At the inception of any hedge agreement, as required by ASC 815, Derivatives and Hedging, the Company documented the hedging relationship and the risk management objective and strategy for the undertaking of all qualifying hedges.
	On January 17, 2014, the Company entered into a swap transaction with Mutual of Omaha Bank (“MOOB”), which has a calculation period as of the tenth day of each month beginning with February 10, 2014 until the maturity date of the Credit Facility. As of January 31, 2015, the Company had one outstanding interest rate swap with MOOB with a notional amount of $5,575,000 at a swap rate of 1.52%, which as of January 31, 2015, effectively converts $5,575,000 of our floating-rate debt to a synthetic fixed rate of 5.52%. Under the terms of the swap agreement, the Company pays a fixed rate of 1.52% and receives variable rate based on one-month LIBOR as of the first day of each floating-rate calculation period. Under the International Swap Dealers Association, Inc. (“ISDA”) confirmation, the floating index as of January 31, 2015 is set at 0.16675%.
	The Company will not designate the interest rate swap as a cash flow hedge and the interest rate swap will not qualify for hedge accounting under ASC Topic 815. Changes in our interest rate swap fair value will be recorded in our Consolidated Statements of Operations.
	As required by ASC 815, on a quarterly basis, the Company will assess whether any changes to the hedge instrument, or underlying debt agreement, have occurred which would alter the original designation of the hedge instrument. Each quarter, the Company receives fair value statements from the counterparty, MOOB. The fair value of the interest rate swap is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of the derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including forward interest rate curves. To comply with the provisions of ASC Topic 820, Fair Value Measurements and Disclosures, the Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees. As a result of our evaluation of our interest rate swap as of January 31, 2015, we recorded a $35,383 and $37,729 decrease, in our interest rate swap fair value for the three and nine months ended January 31, 2015, respectively. As of January 31, 2015, our interest rate swap fair value is a $96,081 liability which is included in other long-term liabilities on the consolidated balance sheet.

Income_Taxes

Income Taxes	9 Months Ended
	Jan. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Note 7. Income Taxes
	For the three months ended January 31, 2015 and 2014, our effective income tax rates were a 34.6% expense and a 24.6% benefit, respectively. For the nine months ended January 31, 2015 and 2014, our overall income tax rates were a 32.6% expense and a 25.2% benefit, respectively. The higher effective tax rate for the nine month period ended January 31, 2014 was primarily due to prior year return to provision adjustments.
	We have analyzed our filing position in each jurisdiction where we are required to file tax returns. We believe our income tax filing position and deductions will be sustained on audit and we do not anticipate any adjustments that will result in a material change to our financial position.
	We filed income tax returns in the United States federal jurisdiction and in several state jurisdictions. No jurisdiction is currently examining our tax filings for any tax years.

Equity_Transactions_and_Stock_

Equity Transactions and Stock Option Plans	9 Months Ended
	Jan. 31, 2015
Share-Based Compensation [Abstract]
Equity Transactions and Stock Option Plans	Note 8.  Equity Transactions and Stock Option Plans
	Information about our share-based plans
	We have obligations under two employee stock plans: (1) the 2009 Equity Incentive Plan (the “2009 Plan”), and (2) the 2010 Employee Stock Purchase Plan, as amended (the “2010 Plan”).
	The 2009 Plan
	On April 14, 2009, our shareholders approved the 2009 Plan providing for the granting of awards to our directors, officers, employees and independent contractors. The number of common stock shares reserved for issuance under the 2009 Plan is 1,750,000 shares. The plan is administered by the Compensation Committee (the “Committee”) of the Board of Directors. The Committee has complete discretion under the plan regarding the vesting and service requirements, exercise price and other conditions. Under the 2009 Plan, the Committee is authorized to grant the following types of awards:
		·	Stock Options including Incentive Stock Options (“ISO”),
		·	Options not intended to qualify as ISOs,
		·	Stock Appreciation Rights, and
		·	Restricted Stock Grants.
	To date, the Committee has only awarded stock options for stock-based compensation. Our practice has been to issue new or treasury shares upon the exercise of stock options. Stock option rights granted under the 2009 Plan generally have 5 or 10 year terms and vest in two or three equal annual installments, with some options grants providing for immediate vesting for a portion of the grant.
	A summary of activity under our share-based payment plans for the nine months ended January 31, 2015 is presented below:
						Weighted
				Weighted		Average
				Average		Remaining	Aggregate
				Exercise		Contractual	Intrinsic
			Shares	Price		Term (Year)	Value
	Outstanding at April 30, 2014		800,000	$	1.09
	Granted		200,000	$	1.23
	Exercised		-15,000
	Forfeited or expired		-
	Outstanding at January 31, 2015		985,000	$	1.12	7.01	$	161,200
	Exercisable at January 31, 2015		785,000	$	1.09	6.35	$	161,200
	Available for grant at January 31, 2015		675,000
	The weighted-average grant-date fair value of options granted during the nine months ended January 31, 2015 was $1.23. There were 15,000 stock options exercised during the nine months ended January 31, 2015. As of January 31, 2015, there was a total of $185,403 of unamortized compensation cost related to stock options, which cost is expected to be recognized over a weighted-average of approximately 1.63 years.
	Compensation cost for stock options granted will be based on the fair value of each award, measured by applying the Black-Scholes model on the date of grant and using the weighted-average assumptions of (i) expected volatility, (ii) expected term, (iii) expected dividend yield, (iv) risk-free interest rate and (v) forfeiture rate. Expected volatility is based on historical volatility of our stock. The expected term considers the contractual term of the option as well as historical exercise and forfeiture behavior. The risk-free interest rate is based on the rates in effect on the grant date for U.S. Treasury instruments with maturities matching the relevant expected term of the award.
	The 2010 Plan
	On October 11, 2010, our shareholders approved the 2010 Plan which permits all our eligible employees, including employees of certain of our subsidiaries, to purchase shares of our common stock through payroll deductions at a purchase price not to be less than 90% of the fair market value of the shares on each purchase date. The number of shares available for issuance under the 2010 Plan is a total of 500,000 shares.  On November 30, 2010, our Board of Directors amended the 2010 Plan, effective December 1, 2010, to allow its participants to contribute up to a maximum of twenty (20%) percent of their paid compensation. The 2010 Plan became available for employee participation on January 1, 2011, employee payroll deductions began in January of 2011, and shares are to be purchased at the end of each calendar quarter. As of January 31, 2015, approximately 390,700 shares were issued to 142 participants under the 2010 Plan.

Computation_of_Earnings_Per_Sh

Computation of Earnings Per Share	9 Months Ended
	Jan. 31, 2015
Earnings Per Share [Abstract]
Computation of Earnings Per Share	Note 9.   Computation of Earnings Per Share
	The following is presented as a reconciliation of the numerators and denominators of basic and diluted earnings per share computations:
		Three Months Ended				Nine Months Ended
		January 31,		January 31,		January 31,		January 31,
		2015		2014		2015		2014
	Numerator:
	Basic and Diluted:
	Net income available to common shareholders	$	448,108	$	-203,038	$	1,218,205	$	-198,108
	Denominator:
	Basic weighted average number of common shares outstanding		16,225,562		16,136,485		16,212,916		16,115,311
	Dilutive effect of common stock options and warrants		285,807		-		161,937		-
	Diluted weighted average number of common shares outstanding		16,511,369		16,136,485		16,374,853		16,115,311
	Net income (loss) per common share - basic	$	0.03	$	-0.01	$	0.08	$	-0.01
	Net income (loss) per common share - diluted	$	0.03	$	-0.01	$	0.07	$	-0.01
	For the nine months ended January 31, 2015 and January 31, 2014, potential dilutive common shares issuable under options of 440,000 and 694,000, respectively, were not included in the calculation of diluted earnings per share as they were anti-dilutive.

Segment_Reporting

Segment Reporting	9 Months Ended
	Jan. 31, 2015
Segment Reporting [Abstract]
Segment Reporting	Note 10.   Segment Reporting
	We have three business segments (i) Washington Gold, (ii) South Dakota Gold, and (iii) Corporate. For the three and nine month periods ended January 31, 2015 and January 31, 2014, the Washington Gold segment consists of the Washington mini-casinos, the South Dakota Gold segment consists of our slot route operation in South Dakota, the Corporate column includes the vacant land in Colorado and its taxes and maintenance expenses.
	Summarized financial information for our reportable segments is shown in the following table. The Corporate column includes corporate-related items, results of insignificant operations, and segment loss and income and expenses not allocated to other reportable segments.
		As of and for the Three Months Ended  January 31, 2015
		Washington Gold		South Dakota Gold		Corporate		Total
	Net revenue	$	14,356,584	$	1,446,706	$	1,000	$	15,804,290
	Casino and food and beverage expense		7,530,353		1,338,479		-		8,868,832
	Marketing and administrative expense		4,189,728		66,615		-		4,256,343
	Facility and other expenses		550,773		56,368		676,808		1,283,949
	Depreciation and amortization		369,544		181,270		3,096		553,910
	Segment operating income (loss)		1,716,186		-196,026		-678,904		841,256
	Segment assets		10,477,077		812,547		18,944,536		30,234,160
	Additions to property and equipment		70,667		16,896		-		87,563
		As of and for the Three Months Ended January 31, 2014
		Washington Gold		South Dakota Gold		Corporate		Total
	Net revenue	$	13,265,970	$	1,492,819	$	2,078	$	14,760,867
	Casino and food and beverage expense		7,281,343		1,421,202		-		8,702,545
	Marketing and administrative expense		3,936,401		81,376		-		4,017,777
	Facility and other expenses		520,021		30,883		639,253		1,190,157
	Depreciation and amortization		392,807		170,345		1,878		565,030
	Segment operating income (loss)		1,135,398		-210,987		-646,465		277,946
	Segment assets		12,341,375		2,041,298		17,771,357		32,154,030
	Additions to property and equipment		37,283		6,480		14,022		57,785
		As of and for the Nine Months Ended January 31, 2015
		Washington Gold		South Dakota Gold		Corporate		Total
	Net revenue	$	41,417,439	$	6,665,147	$	2,848	$	48,085,434
	Casino and food and beverage expense		22,253,862		5,800,486		-		28,054,348
	Marketing and administrative expense		12,299,455		207,926		-		12,507,381
	Facility and other expenses		1,659,950		117,490		1,822,382		3,599,822
	Depreciation and amortization		1,109,336		526,161		8,068		1,643,565
	Segment operating income (loss)		4,094,836		13,084		-1,827,602		2,280,318
	Segment assets		10,477,077		812,547		18,944,536		30,234,160
	Additions to property and equipment		354,169		268,169		43,618		665,956
		As of and for the Nine Months Ended January 31, 2014
		Washington Gold		South Dakota Gold		Corporate		Total
	Net revenue	$	39,533,582	$	7,275,382	$	7,070	$	46,816,034
	Casino and food and beverage expense		21,850,051		6,258,147		-		28,108,198
	Marketing and administrative expense		12,184,758		234,803		-		12,419,561
	Facility and other expenses		1,540,676		94,699		1,909,521		3,544,896
	Depreciation and amortization		1,177,552		510,516		4,186		1,692,254
	Segment operating income (loss)		2,780,545		177,217		-1,922,566		1,035,196
	Segment assets		12,341,375		2,041,298		17,771,357		32,154,030
	Additions to property and equipment		152,632		66,290		14,022		232,944
	Reconciliation of reportable segment assets to our consolidated totals is as follows:
		January 31, 2015
	Total assets for reportable segments	$	30,234,160
	Cash and restricted cash not allocated to segments		8,988,506
	Deferred tax asset		3,862,482
	Total assets	$	43,085,148

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Jan. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 11.   Commitments and Contingencies
	As a result of acquiring facilities in Washington and South Dakota and our commitment to lease office space for our corporate headquarters in Las Vegas, Nevada, as of January 31, 2015, we have future annual minimum lease payments as follows:
	Period	Corporate Office		Washington Gold Lease Payment		South Dakota Gold		Total
		Lease Payment						Lease Payment
	February 2015-January 2016	$	51,335	$	2,997,966	$	55,200	$	3,104,501
	February 2016-January 2017		47,554		2,591,010		55,200		2,693,764
	February 2017-January 2018		-		1,769,153		-		1,769,153
	February 2018-January 2019		-		1,729,830		-		1,729,830
	February 2019-January 2020		-		1,300,896		-		1,300,896
	Thereafter		-		2,627,260		-		2,627,260
		$	98,889	$	13,016,115	$	110,400	$	13,225,404
	We continue to pursue additional development opportunities that may require, individually and in the aggregate, significant commitments of capital, extensions of credit, up-front payments to third parties and guarantees by us of third-party debt.
	We indemnified our officers and directors for certain events or occurrences while the director or officer is or was serving at our request in such capacity. The maximum potential amount of future payments we could be required to make under these indemnification obligations is unlimited; however, we have a Directors and Officers Liability Insurance policy that limits our exposure and enables us to recover a portion of any future amounts paid, provided that such insurance policy provides coverage.

Goodwill_and_Intangible_Assets

Goodwill and Intangible Assets	9 Months Ended
	Jan. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 12. Goodwill and Intangible Assets
	In connection with our acquisitions of the of the Washington mini-casinos on May 12, 2009, July 23, 2010 and July 18, 2011, as well as the South Dakota Gold slot route on January 27, 2012, we have goodwill and intangible assets of $20,945,436, net of amortization for intangible assets with finite lives.
	The change in the carrying amount of goodwill and other intangible assets for the nine months ended January 31, 2015 is as follows:
		Total		Goodwill		Other
						intangible
						assets, net
	Balance as of April 30, 2014	$	21,857,750	$	16,103,583	$	5,754,167
	Current year amortization		-912,314		-		-912,314
	Balance as of January 31, 2015	$	20,945,436	$	16,103,583	$	4,841,853
	Intangible assets are generally amortized on a straight line basis over the useful lives of the assets.
	Goodwill and net other intangible assets by segment as of January 31, 2015 are as follows:
		Total		Goodwill		Other
						intangible
						assets, net
	Washington Gold	$	17,991,538	$	14,167,112	$	3,824,426
	South Dakota Gold		2,565,043		1,936,471		628,572
	Corporate		388,855		-		388,855
	Balance as of January 31, 2015	$	20,945,436	$	16,103,583	$	4,841,853
	A summary of intangible assets and accumulated amortization as of January 31, 2015 are as follows. State gaming registration and trade names are not amortizable:
		Gross		Accumulated		Net
		Carrying		Amortization
		Amount
	Customer relationships	$	7,853,321	$	-5,262,323	$	2,590,998
	Non-compete agreements		1,269,000		-1,269,000		-
	State gaming registration		388,855		-		388,855
	Trade names		1,862,000		-		1,862,000
	Total	$	11,373,176	$	-6,531,323	$	4,841,853
	The weighted average useful lives of acquired intangibles related to customer relationships and non-compete agreements are 7.0 years and 3.0 years, respectively.  The weighted average useful life of amortizable intangible assets in total is 5.5 years. The estimated future annual amortization of intangible assets, which excludes trade names and state gaming registration, is as follows:
	Period	Amount
	February 2015-January 2016	$	1,121,903
	February 2016-January 2017		823,290
	February 2017-January 2018		458,699
	February 2018-January 2019		187,106
	Total	$	2,590,998

Stock_Offering_and_Warrants

Stock Offering and Warrants	9 Months Ended
	Jan. 31, 2015
Stock Offering and Warrants [Abstract]
Stock Offering and Warrants	Note 13. Stock Offering and Warrants
	On November 7, 2011, we closed on the sale of 2,625,652 shares of our common stock at a price of $1.65 per share to certain investors through a registered direct offering for the total proceeds of approximately $4,300,000, net of offering costs of approximately $444,000. In addition, for each share of our common stock purchased by an investor, we issued to such investor a warrant to purchase 0.75 shares of our common stock. The warrants have an exercise price of $2.18 per share and are exercisable for five years from the initial exercise date, which date is six months from the date of their issuance. The warrants expire on May 7, 2017. The proceeds of the offering were used to assist us in the $5,100,000 acquisition of South Dakota Gold.

Critical_Accounting_Policies_P

Critical Accounting Policies (Policies)	9 Months Ended
	Jan. 31, 2015
Accounting Policies [Abstract]
Revenue Recognition	Revenue Recognition
	We record revenues from casino operations and interest on notes receivable on the accrual basis as earned. The dates on which payments are collected may vary depending upon the term of the contracts or note receivable agreements. Interest income related to notes receivable is recorded when earned and its collectability is reasonably certain.
	The retail value of food and beverage and other services furnished to guests without charge is included in gross revenue and deducted as promotional allowances. Net revenues do not include the retail amount of food, beverage and other items provided gratuitously to customers. We record the redemption of coupons and points for cash as a reduction of revenue as they are earned. These amounts are included in promotional allowances in the accompanying consolidated statements of operations. The estimated cost of providing such complimentary services included in casino expense in the accompanying consolidated statements of operations was as follows:
		Three Months Ended				Nine Months Ended
				January 31,		January 31,		January 31,
		January 31, 2015		2014		2015		2014
	Food and beverage	$	808,941	$	767,913	$	2,401,566	$	2,319,852
	Other		39,228		42,055		107,720		106,545
	Total cost of complimentary services	$	848,169	$	809,968	$	2,509,286	$	2,426,397
Fair Value	Fair Value
	U.S. generally accepted accounting principles defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and establishes a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy categorizes assets and liabilities measured at fair value into one of three different levels depending on the observability of the inputs employed in the measurement. The three levels are as follows:
	Level 1 – Observable inputs such as quoted prices in active markets at the measurement date for identical, unrestricted assets or liabilities.
	Level 2 – Other inputs that are observable directly or indirectly such as quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability.
	Level 3 – Unobservable inputs for which there is little or no market data and which we make our own assumptions about how market participants would price the assets and liabilities.
	The following describes the valuation methodologies used by us to measure fair value:
	Real estate held for sale is recorded at fair value less selling costs.
	Goodwill and indefinite lived intangible assets are recorded at carrying value and tested for impairment annually, or more frequently, using projections of undiscounted future cash flows.
	Interest rate swaps are adjusted on a recurring basis pursuant to accounting standards for fair value measurements. We categorize our interest rate swap as Level 2 for fair value measurement.
Concentrations of Credit Risk	Concentrations of Credit Risk
	Financial instruments that potentially subject us to concentrations of credit risk are primarily notes receivable, cash and cash equivalents, accounts receivable and payable, and long term debt. Management performs periodic evaluations of the collectability of these notes and accounts receivable. Our cash deposits are held with large, well-known financial institutions, and, at times, such deposits may be in excess of the federally insured limit. The recorded value of cash, accounts receivable and payable, approximate fair value based on their short term nature; the recorded value of long term debt approximates fair value as interest rates approximate current market rates.
New Accounting Pronouncements and Legislation Issued	New Accounting Pronouncements and Legislation Issued
	In April 2014, the Financial Accounting Standards Board (the “FASB”) issued amended accounting guidance that changes the criteria for reporting discontinued operations and expands the related disclosure requirements. This guidance is effective in the first quarter of our fiscal year 2016, and early adoption is permitted. The Company will adopt this guidance during the first quarter of fiscal year 2016 and does not expect the adoption to have a material impact on its financial position or results of operations.
	In May 2014, the FASB issued a new accounting standard for revenue recognition. The new standard supersedes the existing accounting guidance for revenue recognition and amends certain accounting guidance for recognition of gains and losses on the transfer of non-financial assets. For public companies, the new guidance is effective for annual reporting periods (including interim periods within those periods) beginning after December 15, 2016, and early adoption is not permitted. Upon adoption, financial statement issuers may elect to apply the new standard either retrospectively to each prior reporting period presented, or using a modified retrospective approach by recognizing the cumulative effect of initial application and providing certain additional disclosures. The Company will adopt this guidance in the first quarter of fiscal year 2018. The Company is currently evaluating the impact this guidance will have on its financial position and results of operations, and has not yet determined which adoption method it will elect.
	In June 2014, the FASB issued an update which requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. The standard is effective for annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company is evaluating the potential impacts of the new standard on its existing stock-based compensation plans.
	In August 2014, the FASB issued an update which provides guidance on determining when and how reporting entities must disclose going-concern uncertainties in their financial statements. The pronouncement is effective for annual periods ending after December 15, 2016, and interim periods thereafter, and early adoption is permitted. The impact of the adoption of this update is currently under evaluation.
	In November 2014, the FASB issued an update which provides guidance on whether, and at what threshold, an acquired entity that is a business or nonprofit activity can apply pushdown accounting in its separate financial statements. The pronouncement was effective on November 18, 2014. The impact of the adoption did not have an effect on our consolidated financial statements.
	A variety of proposed or otherwise potential accounting guidance is currently under study by standard-setting organizations and certain regulatory agencies. Due to the tentative and preliminary nature of such proposed accounting guidance, the Company has not yet determined the effect, if any, that the implementation of such proposed accounting guidance would have on its condensed consolidated financial statements.

Critical_Accounting_Policies_T

Critical Accounting Policies (Tables)	9 Months Ended
	Jan. 31, 2015
Accounting Policies [Abstract]
Schedule Of Cost Of Revenue	The estimated cost of providing such complimentary services included in casino expense in the accompanying consolidated statements of operations was as follows:
		Three Months Ended				Nine Months Ended
				January 31,		January 31,		January 31,
		January 31, 2015		2014		2015		2014
	Food and beverage	$	808,941	$	767,913	$	2,401,566	$	2,319,852
	Other		39,228		42,055		107,720		106,545
	Total cost of complimentary services	$	848,169	$	809,968	$	2,509,286	$	2,426,397

LongTerm_Debt_Tables

Long-Term Debt (Tables)	9 Months Ended
	Jan. 31, 2015
Debt Disclosure [Abstract]
Long-Term Financing Obligations	Our long-term financing obligations are as follows:
		January 31,		April 30,
		2015		2014
	$12.75 million reducing revolving credit agreement, LIBOR plus an Applicable Margin, increasing quarterly reductions beginning March 31, 2014 through September 30, 2018, and the remaining $4,250,000 principal due on the maturity date of December 10, 2018	$	8,800,000	$	12,350,000
	Less: current portion		-		-1,625,000
	Total long-term financing obligations	$	8,800,000	$	10,725,000
Scheduled Principal Payments on Credit Facility	As of January 31, 2015, principal reductions due on the Credit Facility are as follows:
	February 1, 2015 – January 31, 2016	$	-
	February 1, 2016 – January 31, 2017	$	1,150,000
	February 1, 2017 – January 31, 2018	$	1,900,000
	February 1, 2018 – December 10, 2018	$	5,750,000

Equity_Transactions_and_Stock_1

Equity Transactions and Stock Option Plans (Tables)	9 Months Ended
	Jan. 31, 2015
Share-Based Compensation [Abstract]
Summary of Activity under Share-Based Payment Plans	A summary of activity under our share-based payment plans for the nine months ended January 31, 2015 is presented below:
					Weighted
			Weighted		Average
			Average		Remaining	Aggregate
			Exercise		Contractual	Intrinsic
		Shares	Price		Term (Year)	Value
	Outstanding at April 30, 2014	800,000	$	1.09
	Granted	200,000	$	1.23
	Exercised	-15,000
	Forfeited or expired	-
	Outstanding at January 31, 2015	985,000	$	1.12	7.01	$	161,200
	Exercisable at January 31, 2015	785,000	$	1.09	6.35	$	161,200
	Available for grant at January 31, 2015	675,000

Computation_of_Earnings_Per_Sh1

Computation of Earnings Per Share (Tables)	9 Months Ended
	Jan. 31, 2015
Earnings Per Share [Abstract]
Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share Computations	The following is presented as a reconciliation of the numerators and denominators of basic and diluted earnings per share computations:
		Three Months Ended				Nine Months Ended
		January 31,		January 31,		January 31,		January 31,
		2015		2014		2015		2014
	Numerator:
	Basic and Diluted:
	Net income available to common shareholders	$	448,108	$	-203,038	$	1,218,205	$	-198,108
	Denominator:
	Basic weighted average number of common shares outstanding		16,225,562		16,136,485		16,212,916		16,115,311
	Dilutive effect of common stock options and warrants		285,807		-		161,937		-
	Diluted weighted average number of common shares outstanding		16,511,369		16,136,485		16,374,853		16,115,311
	Net income (loss) per common share - basic	$	0.03	$	-0.01	$	0.08	$	-0.01
	Net income (loss) per common share - diluted	$	0.03	$	-0.01	$	0.07	$	-0.01

Segment_Reporting_Tables

Segment Reporting (Tables)	9 Months Ended
	Jan. 31, 2015
Segment Reporting [Abstract]
Summarized Financial Information for Reportable Segments	Summarized financial information for our reportable segments is shown in the following table. The Corporate column includes corporate-related items, results of insignificant operations, and segment loss and income and expenses not allocated to other reportable segments.
		As of and for the Three Months Ended  January 31, 2015
		Washington Gold		South Dakota Gold		Corporate		Total
	Net revenue	$	14,356,584	$	1,446,706	$	1,000	$	15,804,290
	Casino and food and beverage expense		7,530,353		1,338,479		-		8,868,832
	Marketing and administrative expense		4,189,728		66,615		-		4,256,343
	Facility and other expenses		550,773		56,368		676,808		1,283,949
	Depreciation and amortization		369,544		181,270		3,096		553,910
	Segment operating income (loss)		1,716,186		-196,026		-678,904		841,256
	Segment assets		10,477,077		812,547		18,944,536		30,234,160
	Additions to property and equipment		70,667		16,896		-		87,563
		As of and for the Three Months Ended January 31, 2014
		Washington Gold		South Dakota Gold		Corporate		Total
	Net revenue	$	13,265,970	$	1,492,819	$	2,078	$	14,760,867
	Casino and food and beverage expense		7,281,343		1,421,202		-		8,702,545
	Marketing and administrative expense		3,936,401		81,376		-		4,017,777
	Facility and other expenses		520,021		30,883		639,253		1,190,157
	Depreciation and amortization		392,807		170,345		1,878		565,030
	Segment operating income (loss)		1,135,398		-210,987		-646,465		277,946
	Segment assets		12,341,375		2,041,298		17,771,357		32,154,030
	Additions to property and equipment		37,283		6,480		14,022		57,785
		As of and for the Nine Months Ended January 31, 2015
		Washington Gold		South Dakota Gold		Corporate		Total
	Net revenue	$	41,417,439	$	6,665,147	$	2,848	$	48,085,434
	Casino and food and beverage expense		22,253,862		5,800,486		-		28,054,348
	Marketing and administrative expense		12,299,455		207,926		-		12,507,381
	Facility and other expenses		1,659,950		117,490		1,822,382		3,599,822
	Depreciation and amortization		1,109,336		526,161		8,068		1,643,565
	Segment operating income (loss)		4,094,836		13,084		-1,827,602		2,280,318
	Segment assets		10,477,077		812,547		18,944,536		30,234,160
	Additions to property and equipment		354,169		268,169		43,618		665,956
		As of and for the Nine Months Ended January 31, 2014
		Washington Gold		South Dakota Gold		Corporate		Total
	Net revenue	$	39,533,582	$	7,275,382	$	7,070	$	46,816,034
	Casino and food and beverage expense		21,850,051		6,258,147		-		28,108,198
	Marketing and administrative expense		12,184,758		234,803		-		12,419,561
	Facility and other expenses		1,540,676		94,699		1,909,521		3,544,896
	Depreciation and amortization		1,177,552		510,516		4,186		1,692,254
	Segment operating income (loss)		2,780,545		177,217		-1,922,566		1,035,196
	Segment assets		12,341,375		2,041,298		17,771,357		32,154,030
	Additions to property and equipment		152,632		66,290		14,022		232,944
Reconciliation of Reportable Segment Assets to Consolidated Totals	Reconciliation of reportable segment assets to our consolidated totals is as follows:
		January 31, 2015
	Total assets for reportable segments	$	30,234,160
	Cash and restricted cash not allocated to segments		8,988,506
	Deferred tax asset		3,862,482
	Total assets	$	43,085,148

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	9 Months Ended
	Jan. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Expected Remaining Future Rolling Twelve Months Minimum Lease Payments	As a result of acquiring facilities in Washington and South Dakota and our commitment to lease office space for our corporate headquarters in Las Vegas, Nevada, as of January 31, 2015, we have future annual minimum lease payments as follows:
	Period	Corporate Office		Washington Gold Lease Payment		South Dakota Gold		Total
		Lease Payment						Lease Payment
	February 2015-January 2016	$	51,335	$	2,997,966	$	55,200	$	3,104,501
	February 2016-January 2017		47,554		2,591,010		55,200		2,693,764
	February 2017-January 2018		-		1,769,153		-		1,769,153
	February 2018-January 2019		-		1,729,830		-		1,729,830
	February 2019-January 2020		-		1,300,896		-		1,300,896
	Thereafter		-		2,627,260		-		2,627,260
		$	98,889	$	13,016,115	$	110,400	$	13,225,404

Goodwill_and_Intangible_Assets1

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Jan. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Change in Carrying Amount of Goodwill and Intangibles	The change in the carrying amount of goodwill and other intangible assets for the nine months ended January 31, 2015 is as follows:
		Total		Goodwill		Other
						intangible
						assets, net
	Balance as of April 30, 2014	$	21,857,750	$	16,103,583	$	5,754,167
	Current year amortization		-912,314		-		-912,314
	Balance as of January 31, 2015	$	20,945,436	$	16,103,583	$	4,841,853
Summary of Intangible Assets and Accumulated Amortization	A summary of intangible assets and accumulated amortization as of January 31, 2015 are as follows. State gaming registration and trade names are not amortizable:
		Gross		Accumulated		Net
		Carrying		Amortization
		Amount
	Customer relationships	$	7,853,321	$	-5,262,323	$	2,590,998
	Non-compete agreements		1,269,000		-1,269,000		-
	State gaming registration		388,855		-		388,855
	Trade names		1,862,000		-		1,862,000
	Total	$	11,373,176	$	-6,531,323	$	4,841,853
Estimated Future Annual Amortization of Intangible Assets	The estimated future annual amortization of intangible assets, which excludes trade names and state gaming registration, is as follows:
	Period	Amount
	February 2015-January 2016	$	1,121,903
	February 2016-January 2017		823,290
	February 2017-January 2018		458,699
	February 2018-January 2019		187,106
	Total	$	2,590,998

Estimated_Cost_of_Complimentar

Estimated Cost of Complimentary Services (Detail) (USD $)	3 Months Ended		9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Significant Accounting Policies [Line Items]
Food and beverage	$808,941	$767,913	$2,401,566	$2,319,852
Other	39,228	42,055	107,720	106,545
Total cost of complimentary services	$848,169	$809,968	$2,509,286	$2,426,397

Restricted_Cash_Additional_Inf

Restricted Cash - Additional Information (Detail) (USD $)	Jan. 31, 2015	Apr. 30, 2014
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$1,533,842	$1,388,995

Notes_Receivable_Additional_In

Notes Receivable - Additional Information (Detail) (USD $)	9 Months Ended		1 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	25-May-12	Apr. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable	$1,792,719			$2,063,219
Collections on notes receivable	270,500	177,266
Colorado Grande Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable			2,325,000
Notes receivable, maturity date			1-Jun-17
Notes receivable, interest rate			6.00%
Promissory note receivable, accrued interest	907,061
Collections on notes receivable	532,281
Proceeds from interest of notes receivable	352,719
Proceeds from interest and principal of notes receivable	885,000
Big City Capital, LLC
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable	0
Notes receivable allowance				3,200,000
B. V. Oro, LLC
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable	0
Notes receivable allowance				4,575,000
Fourth Installment | Colorado Grande Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Promissory note receivable, accrued interest	$40,000

LongTerm_Financing_Obligations

Long-Term Financing Obligations (Detail) (USD $)	Jan. 31, 2015	Apr. 30, 2014
Debt Instrument [Line Items]
Less: current portion	$0	($1,625,000)
Total long-term financing obligations	8,800,000	10,725,000
Note Payable One
Debt Instrument [Line Items]
Total	$8,800,000	$12,350,000

LongTerm_Financing_Obligations1

Long-Term Financing Obligations (Parenthetical) (Detail) (Reducing Revolving Credit Facility, USD $)	9 Months Ended	12 Months Ended
	Jan. 31, 2015	Apr. 30, 2014
Reducing Revolving Credit Facility
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$12,750,000	$12,750,000
Note payable, quarterly payment	$4,250,000	$4,250,000
Debt Instrument Maturity Date	10-Dec-18	10-Dec-18

Schedule_of_Principal_Payments

Schedule of Principal Payments on Credit Facility (Detail) (USD $)	9 Months Ended
	Jan. 31, 2015
February 1, 2015 - January 31, 2016
Line of Credit Facility [Line Items]
Line of credit facility, Annual payment	$0
February 1, 2016 - January 31, 2017
Line of Credit Facility [Line Items]
Line of credit facility, Annual payment	1,150,000
February 1, 2017 - January 31, 2018
Line of Credit Facility [Line Items]
Line of credit facility, Annual payment	1,900,000
February 1, 2018 - December 10, 2018
Line of Credit Facility [Line Items]
Line of credit facility, Annual payment	$5,750,000

LongTerm_Debt_Additional_Infor

Long-Term Debt - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 31, 2014	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014	Dec. 18, 2013
Debt Disclosure [Line Items]
Gains (losses) on extinguishment of debt		$0	($283,550)	$0	($283,550)
Line of Credit Facility, Periodic Payment, Principal				2,350,000
Long-term debt, description	36 equal monthly installments
Acquisition of capital lease	38,282			38,282	0
Repayments of long-term capital lease obligations				10,590	0
Maximum
Debt Disclosure [Line Items]
Line Of Credit Facility Fixed Charge Coverage Ratio				1.15
Minimum
Debt Disclosure [Line Items]
Line Of Credit Facility Fixed Charge Coverage Ratio				1
Reducing Revolving Credit Facility
Debt Disclosure [Line Items]
Cash		1,170,000		1,170,000
Line of credit facility amount outstanding						12,750,000
Line of Credit Facility Initial Applicable Margin		5.00%		5.00%
Gains (losses) on extinguishment of debt			283,550
Refinancing transaction fees and other costs paid			$450,000
Debt Instrument, Interest Rate, Effective Percentage		4.16%		4.16%
April 30, 2014 through July 31, 2015 | Maximum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio				3
April 30, 2014 through July 31, 2015 | Minimum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio				1
August 1, 2015 through January 31, 2017 | Maximum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio				2.5
August 1, 2015 through January 31, 2017 | Minimum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio				1
February 1, 2017 until maturity | Maximum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio				2
February 1, 2017 until maturity | Minimum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio				1

Interest_Rate_Swap_Additional_

Interest Rate Swap - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Interest Rate Swap [Line Items]
Percentage Of Remaining Credit Facility Principal Balance			50.00%
Derivative, Notional Amount	$5,575,000		$5,575,000
Derivative, Variable Interest Rate	1.52%		1.52%
Derivative, Swaption Interest Rate	5.52%		5.52%
Percentage Of Initial Floating Index			0.17%
Increase In Swap Fair Value	35,383	0	37,729	0
Interest Rate Swap [Member]
Interest Rate Swap [Line Items]
Interest Rate Derivative Liabilities, at Fair Value	$96,081		$96,081

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Income Tax Disclosure [Line Items]
Effective Income Tax Rate Reconciliation, Noncontrolling Interest Income (Loss), Percent	34.60%	24.60%	32.60%	25.20%

Summary_of_Activity_under_Shar

Summary of Activity under Share-Based Payment Plans (Detail) (USD $)	9 Months Ended
	Jan. 31, 2015
Shares
Outstanding	800,000
Granted	200,000
Exercised	-15,000
Forfeited or expired	0
Outstanding	985,000
Exercisable	785,000
Available for grant	675,000
Weighted Average Exercise Price
Outstanding	$1.09
Granted	$1.23
Outstanding	$1.12
Exercisable	$1.09
Weighted Average Remaining Contractual Term (Year)
Outstanding	7 years 4 days
Exercisable	6 years 4 months 6 days
Aggregate Intrinsic Value
Outstanding	$161,200
Exercisable	$161,200

Equity_Transactions_and_Stock_2

Equity Transactions and Stock Option Plans - Additional Information (Detail) (USD $)	9 Months Ended	0 Months Ended
	Jan. 31, 2015	Apr. 14, 2009	Oct. 11, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized compensation related to stock options	$185,403
Weighted average fair value of options granted	$1.23
Weighted average fair value of options granted term	1 year 7 months 17 days
Stock options exercised	15,000
Stock option rights granted after fiscal year 2006 | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options terms		5 years
Stock option rights granted after fiscal year 2006 | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options terms		10 years
2009 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of reserved for issuance under stock plan		1,750,000
2010 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of reserved for issuance under stock plan	390,700		500,000
Employee stock purchase, purchase price as percentage of fair market value			90.00%
Maximum contributions by participants as percentage of paid compensation			20.00%
Number of participants	142

Reconciliation_of_Numerators_a

Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share Computations (Detail) (USD $)	3 Months Ended		9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Numerator:
Net income available to common shareholders	$448,108	($203,038)	$1,218,205	($198,108)
Denominator:
Basic weighted average number of common shares outstanding	16,225,562	16,136,485	16,212,916	16,115,311
Dilutive effect of common stock options and warrants	285,807	0	161,937	0
Diluted weighted average number of common shares outstanding	16,511,369	16,136,485	16,374,853	16,115,311
Net income (loss) per common share - basic	$0.03	($0.01)	$0.08	($0.01)
Net income (loss) per common share - diluted	$0.03	($0.01)	$0.07	($0.01)

Computation_of_Earnings_Per_Sh2

Computation of Earnings Per Share - Additional Information (Detail)	9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential dilutive common shares issuable under options not included in the calculation of diluted earnings per share	440,000	694,000

Summarized_Financial_Informati

Summarized Financial Information for Reportable Segments (Detail) (USD $)	3 Months Ended		9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Segment Reporting Information [Line Items]
Segment assets			$30,234,160
Washington Gold
Segment Reporting Information [Line Items]
Net revenue	14,356,584	13,265,970	41,417,439	39,533,582
Casino and food and beverage expense	7,530,353	7,281,343	22,253,862	21,850,051
Marketing and administrative expense	4,189,728	3,936,401	12,299,455	12,184,758
Facility and other expenses	550,773	520,021	1,659,950	1,540,676
Depreciation and amortization	369,544	392,807	1,109,336	1,177,552
Segment operating income (loss)	1,716,186	1,135,398	4,094,836	2,780,545
Segment assets	10,477,077	12,341,375	10,477,077	12,341,375
Additions to property and equipment	70,667	37,283	354,169	152,632
South Dakota Gold
Segment Reporting Information [Line Items]
Net revenue	1,446,706	1,492,819	6,665,147	7,275,382
Casino and food and beverage expense	1,338,479	1,421,202	5,800,486	6,258,147
Marketing and administrative expense	66,615	81,376	207,926	234,803
Facility and other expenses	56,368	30,883	117,490	94,699
Depreciation and amortization	181,270	170,345	526,161	510,516
Segment operating income (loss)	-196,026	-210,987	13,084	177,217
Segment assets	812,547	2,041,298	812,547	2,041,298
Additions to property and equipment	16,896	6,480	268,169	66,290
Corporate
Segment Reporting Information [Line Items]
Net revenue	1,000	2,078	2,848	7,070
Casino and food and beverage expense	0	0	0	0
Marketing and administrative expense	0	0	0	0
Facility and other expenses	676,808	639,253	1,822,382	1,909,521
Depreciation and amortization	3,096	1,878	8,068	4,186
Segment operating income (loss)	-678,904	-646,465	-1,827,602	-1,922,566
Segment assets	18,944,536	17,771,357	18,944,536	17,771,357
Additions to property and equipment	0	14,022	43,618	14,022
Total
Segment Reporting Information [Line Items]
Net revenue	15,804,290	14,760,867	48,085,434	46,816,034
Casino and food and beverage expense	8,868,832	8,702,545	28,054,348	28,108,198
Marketing and administrative expense	4,256,343	4,017,777	12,507,381	12,419,561
Facility and other expenses	1,283,949	1,190,157	3,599,822	3,544,896
Depreciation and amortization	553,910	565,030	1,643,565	1,692,254
Segment operating income (loss)	841,256	277,946	2,280,318	1,035,196
Segment assets	30,234,160	32,154,030	30,234,160	32,154,030
Additions to property and equipment	$87,563	$57,785	$665,956	$232,944

Reconciliation_of_Reportable_S

Reconciliation of Reportable Segment Assets to Consolidated Totals (Detail) (USD $)	9 Months Ended
	Jan. 31, 2015	Apr. 30, 2014
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets for reportable segments	$30,234,160
Cash and restricted cash not allocated to segments	8,988,506
Deferred tax asset	3,862,482
Total assets	$43,085,148	$44,806,626

Expected_Remaining_Future_Roll

Expected Remaining Future Rolling Twelve Months Minimum Lease Payments (Detail) (USD $)	Jan. 31, 2015
Schedule of Operating Leases [Line Items]
February 2015-January 2016	$3,104,501
February 2016-January 2017	2,693,764
February 2017-January 2018	1,769,153
February 2018-January 2019	1,729,830
February 2019-January 2020	1,300,896
Thereafter	2,627,260
Total	13,225,404
Corporate Office Lease Payment
Schedule of Operating Leases [Line Items]
February 2015-January 2016	51,335
February 2016-January 2017	47,554
February 2017-January 2018	0
February 2018-January 2019	0
February 2019-January 2020	0
Thereafter	0
Total	98,889
Washington Gold Lease Payments
Schedule of Operating Leases [Line Items]
February 2015-January 2016	2,997,966
February 2016-January 2017	2,591,010
February 2017-January 2018	1,769,153
February 2018-January 2019	1,729,830
February 2019-January 2020	1,300,896
Thereafter	2,627,260
Total	13,016,115
South Dakota Gold
Schedule of Operating Leases [Line Items]
February 2015-January 2016	55,200
February 2016-January 2017	55,200
February 2017-January 2018	0
February 2018-January 2019	0
February 2019-January 2020	0
Thereafter	0
Total	$110,400

Change_in_Carrying_Amount_of_G

Change in Carrying Amount of Goodwill and Other Intangibles (Detail) (USD $)	9 Months Ended
	Jan. 31, 2015
Goodwill and Intangible Assets Disclosure [Line Items]
Beginning Balance	$21,857,750
Current year amortization	-912,314
Ending Balance	20,945,436
Goodwill
Goodwill and Intangible Assets Disclosure [Line Items]
Beginning Balance	16,103,583
Current year amortization	0
Ending Balance	16,103,583
Other intangible assets, net
Goodwill and Intangible Assets Disclosure [Line Items]
Beginning Balance	5,754,167
Current year amortization	-912,314
Ending Balance	$4,841,853

Goodwill_and_Net_Other_Intangi

Goodwill and Net Other Intangibles by Segment (Detail) (USD $)	Jan. 31, 2015
Goodwill [Line Items]
Goodwill and other intangible assets	$20,945,436
Washington Gold
Goodwill [Line Items]
Goodwill and other intangible assets	17,991,538
South Dakota Gold
Goodwill [Line Items]
Goodwill and other intangible assets	2,565,043
Corporate
Goodwill [Line Items]
Goodwill and other intangible assets	388,855
Other intangible assets, net
Goodwill [Line Items]
Goodwill and other intangible assets	4,841,853
Other intangible assets, net | Washington Gold
Goodwill [Line Items]
Goodwill and other intangible assets	3,824,426
Other intangible assets, net | South Dakota Gold
Goodwill [Line Items]
Goodwill and other intangible assets	628,572
Other intangible assets, net | Corporate
Goodwill [Line Items]
Goodwill and other intangible assets	388,855
Goodwill
Goodwill [Line Items]
Goodwill and other intangible assets	16,103,583
Goodwill | Washington Gold
Goodwill [Line Items]
Goodwill and other intangible assets	14,167,112
Goodwill | South Dakota Gold
Goodwill [Line Items]
Goodwill and other intangible assets	1,936,471
Goodwill | Corporate
Goodwill [Line Items]
Goodwill and other intangible assets	$0

Summary_of_Intangible_Assets_a

Summary of Intangible Assets and Accumulated Amortization (Detail) (USD $)	Jan. 31, 2015	Apr. 30, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$11,373,176
Accumulated Amortization	-6,531,323	-5,619,009
Net	4,841,853
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	7,853,321
Accumulated Amortization	-5,262,323
Net	2,590,998
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,269,000
Accumulated Amortization	-1,269,000
Net	0
State gaming registration
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	388,855
Accumulated Amortization	0
Net	388,855
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,862,000
Accumulated Amortization	0
Net	$1,862,000

Estimated_Future_Annual_Amorti

Estimated Future Annual Amortization of Intangible Assets (Detail) (USD $)	Jan. 31, 2015
Expected Amortization Expense [Line Items]
Total	$4,841,853
Customer relationships and Non-compete agreements
Expected Amortization Expense [Line Items]
February 2015-January 2016	1,121,903
February 2016-January 2017	823,290
February 2017-January 2018	458,699
February 2018-January 2019	187,106
Total	$2,590,998

Goodwill_and_Intangible_Assets2

Goodwill and Intangible Assets - Additional Information (Detail) (USD $)	9 Months Ended
	Jan. 31, 2015	Apr. 30, 2014
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill and identifiable intangible in connection with acquisitions of the Washington mini-casinos	$20,945,436	$21,857,750
Weighted average useful lives of acquired intangibles	5 years 6 months
Customer relationships
Goodwill and Intangible Assets Disclosure [Line Items]
Weighted average useful lives of acquired intangibles	7 years
Non-compete agreements
Goodwill and Intangible Assets Disclosure [Line Items]
Weighted average useful lives of acquired intangibles	3 years

Stock_Offering_and_Warrants_Ad

Stock Offering and Warrants - Additional Information (Detail) (USD $)	1 Months Ended
	Nov. 07, 2011
Stockholders Equity [Line Items]
Sale of common stock shares	2,625,652
Sale of common stock shares, price per share	$1.65
Sale of common stock shares, total proceeds	$4,300,000
Sale of common stock shares, offering costs	444,000
Sale of common stock shares, number of common stock exchange for each warrant	0.75
Sale of common stock shares, warrant issued exercisable period from initial exercise date	5 years
Sale of common stock shares, warrant issued exercise price	$2.18
Sale of common stock shares, warrant issued initial exercise date	6 months
South Dakota Gold
Stockholders Equity [Line Items]
Stock Purchase Agreement to purchase all of the shares of South Dakota Gold	$5,100,000