Nevada Gold & Casinos (UWN) 10-K 27 Jul 17 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Apr. 30, 2017	Jul. 15, 2017	Oct. 31, 2016
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Apr. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Registrant Name	NEVADA GOLD & CASINOS INC
Entity Central Index Key	277,058
Current Fiscal Year End Date	--04-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 29,378,000
Trading Symbol	UWN
Entity Common Stock, Shares Outstanding		16,836,210

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Apr. 30, 2017	Apr. 30, 2016
Current assets:
Cash and cash equivalents	$ 10,631,903	$ 11,583,107
Restricted cash	1,994,312	1,433,728
Accounts receivable, net of allowances	808,484	665,549
Prepaid expenses	1,209,507	1,206,825
Notes receivable, current portion	383,093	208,294
Inventory and other current assets	423,113	416,022
Total current assets	15,450,412	15,513,525
Real estate held for sale	750,000	750,000
Notes receivable, net of current portion	0	900,775
Goodwill	16,923,588	18,025,059
Identifiable intangible assets, net of accumulated amortization of $8,869,497 and $7,997,790 at April 30, 2017 and April 30, 2016, respectively	4,107,328	5,003,981
Property and equipment, net of accumulated depreciation of $7,635,620 and $5,641,733 at April 30, 2017 and April 30, 2016, respectively	13,958,715	15,147,061
Deferred tax asset	1,557,470	2,348,299
Other assets	70,000	70,000
Total assets	52,817,513	57,758,700
Current liabilities:
Accounts payable and accrued liabilities	1,303,571	1,702,366
Accrued payroll and related	1,925,592	2,094,250
Accrued player's club points and progressive jackpots	2,348,068	1,872,566
Total current liabilities	5,577,231	5,669,182
Long-term debt	12,061,411	16,839,148
Other long-term liabilities	667,110	881,426
Total liabilities	18,305,752	23,389,756
Stockholders' equity:
Common stock, $0.12 par value per share; 50,000,000 shares authorized; 18,627,167 and 18,571,693 shares issued and 17,547,665 and 17,788,856 shares outstanding at April 30, 2017, and April 30, 2016, respectively	2,235,269	2,228,612
Additional paid-in capital	27,449,319	27,315,517
Retained earnings	12,320,814	11,756,850
Treasury stock, 1,079,502 and 782,837 shares at April 30, 2017 and April 30, 2016, at cost	(7,493,641)	(6,932,035)
Total stockholders' equity	34,511,761	34,368,944
Total liabilities and stockholders' equity	$ 52,817,513	$ 57,758,700

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Apr. 30, 2017	Apr. 30, 2016
Intangible assets, net of accumulated amortization	$ 8,869,497	$ 7,997,790
Property and equipment, accumulated depreciation	$ 7,635,620	$ 5,641,733
Common stock, par value	$ 0.12	$ 0.12
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	18,627,167	18,571,693
Common stock, shares outstanding	17,547,665	17,788,856
Treasury stock, shares	1,079,502	782,837

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Revenues:
Casino	$ 66,006,576	$ 62,122,367
Food and beverage	13,439,326	11,797,939
Other	2,140,113	2,042,519
Gross revenues	81,586,015	75,962,825
Less promotional allowances	(6,959,066)	(5,728,469)
Net revenues	74,626,949	70,234,356
Expenses:
Casino	36,404,244	33,421,887
Food and beverage	6,195,203	5,671,376
Other	291,360	238,794
Marketing and administrative	20,920,103	18,615,262
Facility	2,126,150	2,025,007
Corporate	2,719,003	3,258,187
Depreciation and amortization	3,021,280	2,608,616
Loss (gain) on disposal of assets	77,183	(158,411)
Write downs and other charges	1,101,472	1,185,000
Total operating expenses	72,855,998	66,865,718
Operating income	1,770,951	3,368,638
Non-operating income (expenses):
Interest income	81,011	94,589
Interest expense and amortization of loan issue costs	(747,554)	(722,903)
Change in swap fair value	250,385	(217,781)
Income before income tax	1,354,793	2,522,543
Income tax expense	(790,829)	(1,221,497)
Net income	$ 563,964	$ 1,301,046
Per share information:
Net income per common share - basic and diluted (in dollars per share)	$ 0.03	$ 0.08
Basic weighted average number of common shares outstanding (in shares)	17,688,229	17,002,728
Diluted weighted average number of common shares outstanding (in shares)	17,990,524	17,298,373

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]
Balance at Apr. 30, 2015	$ 30,425,063	$ 2,056,200	$ 24,845,094	$ 10,455,804	$ (6,932,035)
Balance (in shares) at Apr. 30, 2015		17,134,928
Net Income	1,301,046	$ 0	0	1,301,046	0
Issuance of common stock	2,202,380	$ 142,857	2,059,523	0	0
Issuance of common stock (in shares)		1,190,476
Stock compensation	164,698	$ 3,550	161,148	0	0
Stock compensation (in shares)		29,585
Stock options exercised	$ 229,300	$ 22,800	206,500	0	0
Stock options exercised (in shares)	190,000	190,000
Employee stock plan purchases	$ 46,457	$ 3,205	43,252	0	0
Employee stock plan purchases (in shares)		26,704
Balance at Apr. 30, 2016	34,368,944	$ 2,228,612	27,315,517	11,756,850	(6,932,035)
Balance (in shares) at Apr. 30, 2016		18,571,693
Net Income	563,964	$ 0	0	563,964	0
Stock compensation	124,279	$ 5,277	119,002	0	0
Stock compensation (in shares)		43,974
Stock options exercised	$ 16,180	$ 1,380	14,800	0	0
Stock options exercised (in shares)	11,500	11,500
Treasury stock purchased	$ (561,606)	$ 0	0	0	(561,606)
Balance at Apr. 30, 2017	$ 34,511,761	$ 2,235,269	$ 27,449,319	$ 12,320,814	$ (7,493,641)
Balance (in shares) at Apr. 30, 2017		18,627,167

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Cash flows from operating activities:
Net income	$ 563,964	$ 1,301,046
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,021,280	2,608,616
Stock compensation	124,279	164,698
Write off of licensing costs	0	54,729
Amortization of deferred loan issuance costs	95,040	125,704
Change in deferred rent	36,069	38,933
Write downs and other charges	1,101,472	1,185,000
Changes to restricted cash	(560,584)	290,711
Change in swap fair value	(250,385)	217,781
Other	0	5,022
Loss (gain) on disposal of assets	77,183	(158,411)
Changes in deferred income taxes	790,829	1,221,497
Changes in operating assets and liabilities:
Receivables and other assets	(152,708)	(638,511)
Accounts payable and accrued liabilities	(91,951)	(45,588)
Net cash provided by operating activities	4,754,488	6,371,227
Cash flows from investing activities:
Club Fortune acquisition, net of cash acquired	0	(13,255,314)
Collections on notes receivable	725,976	589,863
Purchase of property and equipment	(1,044,297)	(674,795)
Capitalized licensing costs	24,946	(103,324)
Deposit received on land held for sale	0	75,000
Proceeds from the sale of assets	5,886	308,647
Net cash used in investing activities	(287,489)	(13,059,923)
Cash flows from financing activities:
Employee stock plan purchases	0	46,457
Proceeds from credit facilities	0	15,500,000
Repayment of credit facilities	(4,872,777)	(5,677,223)
Repayment of capital lease	0	(170,391)
Deferred loan issuance costs	0	(198,010)
Purchase of treasury stock	(561,606)	0
Cash proceeds from exercise of stock options	16,180	229,300
Net cash (used in) provided by financing activities	(5,418,203)	9,730,133
Net (decrease) increase in cash and cash equivalents	(951,204)	3,041,437
Cash and cash equivalents at beginning of period	11,583,107	8,541,670
Cash and cash equivalents at end of period	10,631,903	11,583,107
Supplemental cash flow information:
Cash paid for interest	676,715	565,598
Non-cash investing and financing activities:
Issuance of stock to finance Club Fortune acquisition	$ 0	$ 2,202,382

Background and Basis of Present

Background and Basis of Presentation	12 Months Ended
	Apr. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1. Background and Basis of Presentation Background Nevada Gold & Casinos, Inc. (“we”), a Nevada corporation, was formed in 1977 and, since 1994, has primarily been a gaming company involved in gaming projects and gaming operations. Our gaming operations are located in the United States of America (the “U.S.”), specifically in the states of Nevada, Washington and South Dakota. Our business strategy will continue to focus on gaming projects. Basis of Presentation Our consolidated financial statements include the accounts of all majority-owned and controlled subsidiaries after the elimination of all significant intercompany accounts and transactions. Certain reclassifications from casino revenue to casino expense, and between the operating expenses of casino, food and beverage, other and marketing and administrative have been made to conform prior year financial information to the current period presentation. Those reclassifications did not impact working capital, operating income, net income or stockholders’ equity.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Apr. 30, 2017
Accounting Policies [Abstract]
Critical Accounting Policies	Note 2. Summary of Significant Accounting Policies We consolidate entities when we have the ability to control the operating and financial decisions and policies of that entity and record the portion we do not own as non-controlling interest. The determination of our ability to control, or exert significant influence over, an entity involves the use of judgment. We apply the equity method of accounting if we can exert significant influence over, but do not control the policies and decisions of an entity. We use the cost method of accounting if we are unable to exert significant influence over the entity. 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. 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. Long-lived assets, including property and equipment and amortizable intangible assets, comprise a significant portion of our total assets. We evaluate the carrying value of long-lived assets if impairment indicators are present or if other circumstances indicate that impairment may exist under authoritative guidance. When management believes impairment indicators may exist, projections of the undiscounted future cash flows associated with the use of and eventual disposition of long-lived assets held for use are prepared. If the projections indicate that the carrying values of the long-lived assets are not recoverable, we reduce the carrying values to fair value. For long-lived assets held for sale, we compare the carrying values to an estimate of fair value less selling costs to determine potential impairment. We test for impairment of long-lived assets at the lowest level for which cash flows are measurable. These impairment tests are heavily influenced by assumptions and estimates that are subject to change as additional information becomes available. We consider short-term investments with an original maturity of less than three months to be cash equivalents. We maintain cash accounts in major U.S. financial institutions. The terms of these deposits are on demand to minimize risk. The balances of these accounts occasionally exceed the federally insured limits, although no losses have been incurred in connection with such cash balances. We establish provisions for losses on accounts and notes receivable if we determine that we will not collect all or part of the outstanding balance. We regularly review collectability and establish or adjust our allowance as necessary using the specific identification method. We make advances to third parties under executed promissory notes for project costs related to the development of gaming and entertainment properties. Due diligence is conducted by our management with the assistance of legal counsel prior to entering into arrangements with third parties to provide financing in connection with their efforts to secure and develop the properties. Repayment terms are largely dependent upon the operating performance of each opportunity for which the funds have been loaned. Interest income is not accrued until it is reasonably assured that the project will be completed and that there will be sufficient profits from the facility to cover the interest to be earned under the respective note. If projected cash flows are not sufficient to recover amounts due, the note is evaluated to determine the appropriate discount to be recorded on the note for it to be considered a performing loan. If the note is performing, interest is recorded using the effective interest method based on the value of the discounted note balance. Each reporting period we review each of our receivables to evaluate whether the collection of such receivable is still probable. In our analysis, we review the economic feasibility and the current financial, legislative and development status of the project. If our analysis indicates that the project is no longer economically feasible then the receivable would be written down to its estimated fair value. 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. 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. Real estate held for sale consists of undeveloped land located in and around Black Hawk, Colorado. Property held for sale is carried at the lower of cost or net realizable value. On April 8, 2013, we signed a one year option agreement, with two one year extensions to sell the land for an initial sale price of $ 1.1 118 750,000 350,000 75,000 5 675,000 April 30, 2019 Expenditures for property and equipment are capitalized at cost. We depreciate property and equipment over their respective estimated useful lives, ranging from three to thirty years, using the straight-line method. When items are retired or otherwise disposed of, a gain or loss is recorded for the difference between net book value and proceeds realized. Ordinary maintenance and repairs are charged to earnings, and replacements and improvements are capitalized. Goodwill and intangible assets with indefinite useful lives are tested for impairment annually (on April 30) or more frequently if an event occurs or circumstances change that may reduce the fair value of our goodwill below its carrying value. We review goodwill at the reporting level unit, which is the same as our operating segments. We compare the carrying value of the net assets of each reporting unit to the estimated fair value of the reporting unit, based upon a multiple of estimated earnings and on a discounted cash flow method. If the carrying value exceeds the estimated fair value of the reporting unit, an impairment indicator exists and an estimate of the impairment loss is calculated. The fair value calculation uses level 3 inputs and includes multiple assumptions and estimates, including the projected cash flows and discount rates. Changes in these assumptions and estimates could result in goodwill impairment that could materially adversely impact our financial position or results of operations. All of our goodwill is attributable to reporting units as disclosed in Note 5. Long-lived assets, including property, plant and equipment and amortizable intangible assets also comprise a significant portion of our total assets. We evaluate the carrying value of long-lived assets if impairment indicators are present or if circumstances indicate that impairment may exist under authoritative guidance. When management believes impairment indicators may exist, projections of the undiscounted future cash flows associated with the use of and eventual disposition of long-lived assets held for use are prepared. If the projections indicate that the carrying value of the long-lived assets are not recoverable, we reduce the carrying values to fair value. For property held for sale, we compare the carrying values to an estimate of fair value less selling costs to determine potential impairment. We test for impairment of long-lived assets at the lowest level for which cash flows are measurable. These impairment tests are heavily influenced by assumptions and estimates that are subject to change as additional information becomes available. We reward our slot customers for their loyalty based on the dollar amount of play on slot machines. We accrue for these slot club awards based on an estimate of the value of the outstanding awards utilizing the age and prior history of redemptions. Future events such as a change in our marketing strategy or new competition could result in a change in the value of the awards. We expense advertising costs as incurred. Advertising expense related primarily to our casino operations and for the years ended April 30, 2017 and 2016, was $ 4.2 3.1 We record revenues from casino operations. 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. These amounts are included in promotional allowances in the accompanying consolidated statements of operations. We record the redemption of coupons and points for cash as a reduction of revenue. Fiscal Year Ended April 30, 2017 April 30, 2016 Food and beverage $ 6,722,157 $ 5,509,186 Other 236,909 219,283 Promotional allowances $ 6,959,066 $ 5,728,469 Fiscal Year Ended April 30, 2017 April 30, 2016 Food and beverage $ 6,112,343 $ 4,477,148 Other 222,886 171,187 Total cost of complimentary services $ 6,335,229 $ 4,648,335 We accrue slot jackpot liability as games are played under a matching concept of coin-in. We also maintain accrued player-supported jackpot liabilities. Player-supported jackpot is a progressive game of chance, allowed in Washington State, directly related to the play or outcome of an authorized non-house-banked card game separately funded by our patrons. Any jackpots hit in these card games are paid from such reserved funds. Income taxes are accounted for using an asset and liability approach for financial accounting and reporting for income taxes. Under this approach, deferred tax assets and liabilities are recognized based on anticipated future tax consequences, using currently enacted tax laws, attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax basis. We record current income taxes based on our current taxable income, and we provide for deferred income taxes to reflect estimated future tax payments and receipts. We account for tax credits under the flow-through method, which reduces the provision for income taxes in the year the tax credits first become available. We reduce deferred tax assets by a valuation allowance when, based on our estimates, it is more likely than not that a portion of those assets will not be realized in a future period. We recognize the impact of uncertain tax positions in our financial statements only if that position is more likely than not of being sustained upon examination by the taxing authority. Should interest and penalty be incurred as a result of a review of our income tax returns, we will record the interest and penalty in accordance with applicable guidance. Under ASC Topic 718, “Compensation - Stock Compensation The compensation cost related to these share-based awards is recognized over the requisite service period. The requisite service period is generally the period during which an employee is required to provide service in exchange for the award. Total stock-based compensation for the years ended April 30, 2017 and 2016, was $ 124,279 164,698 Earnings per share, both basic and diluted, are presented on the consolidated statement of operations. Basic earnings per common share amounts are calculated using the weighted average number of common shares outstanding during each period. Diluted earnings per share assumes the exercise of all stock options having exercise prices less than the average market price of the common stock using the “treasury stock method” and for convertible debt securities using the “if converted method”. We assess our exposure to loss contingencies including legal matters. If a potential loss is justified, probable and able to be quantified, we will provide for the exposure. If the actual loss from a contingency differs from management’s estimate, operating results could be impacted. As of April 30, 2017 and 2016, we did not record any accrued contingent liabilities. We have managed our market risk, including interest rate risk associated with variable rate borrowings, through balancing fixed-rate and variable-rate borrowings with the use of derivative financial instruments. The fair value of derivative financial instruments are recognized as assets or liabilities at each balance sheet date, with changes in fair value affecting net income. The Company’s interest rate swap did not qualify for hedge accounting. Accordingly, change in the fair value of the interest rate swap is presented as a change in fair value of swaps in the accompanying consolidated statements of operations. In February 2016, the Financial Accounting Standards Board (“FASB”) issued amended accounting guidance that changes the accounting for leases and requires expanded disclosures about leasing activities. Under the new guidance, lessees will be required to recognize a right-of-use asset and a lease liability, measured on a discounted basis, at the commencement date for all leases with terms greater than twelve months. Lessor accounting will remain largely unchanged, other than certain targeted improvements intended to align lessor accounting with the lessee accounting model and with the updated revenue recognition guidance issued in 2014. Lessees and lessors must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The amended guidance is effective for annual reporting periods (including interim periods within those periods) beginning after December 15, 2018, and early application is permitted. The Company is currently evaluating the impact this guidance will have on its financial position and results of operations. In May 2014, the FASB issued a new accounting standard for revenue recognition which requires entities to recognize revenue when it transfers promised goods or services to customers, in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new standard supersedes the existing accounting guidance for revenue recognition, including industry-specific guidance, 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, 2017. Early application is permitted for annual reporting periods beginning after December 15, 2016 (including interim periods within those periods). 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 2019. 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 August 2014, the FASB issued amended accounting guidance that defines management’s responsibility to evaluate a company’s ability to continue as a going concern and to provide related footnote disclosures. For each reporting period, management will be required to evaluate whether there are conditions or events that raise substantial doubt about a company’s ability to continue as a going concern within one year from the date the financial statements are issued. The amendments are effective for annual reporting periods (including interim periods within those periods) beginning after December 15, 2016. The Company will adopt this guidance in the first quarter of fiscal 2018 and does not expect the adoption to have a material impact on its financial position or results of operations. 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	12 Months Ended
	Apr. 30, 2017
Restricted Cash and Investments [Abstract]
Restricted Cash	Note 3. Restricted Cash As of April 30, 2017 and 2016, we maintained $ 2.0 1.4

Notes Receivable

Notes Receivable	12 Months Ended
	Apr. 30, 2017
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Notes Receivable	Note 4. Notes Receivable G Investments, LLC As of April 30, 2017 and 2016, we had a note receivable of $ 390,368 1,109,069 , due from G Investments, LLC resulting from the sale of the Colorado Grande Casino on May 25, 2012. The initial amount was $2,300,000, bearing interest at 6% per annum through the maturity date of June 1, 2017, and is secured with the assets of the Colorado Grande Casino, pledge of membership interest in G Investments, LLC (“GI”), and a personal guaranty by GI’s principal. On May 5, 2017, the note was amended to extend the due date to February of 2018 with essentially the same terms of 6 40,000 Other notes receivable We have a note from 2004 for $ 1.7 4.6 40

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Apr. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 5. Goodwill and Intangible Assets In connection with our acquisitions of the Washington mini-casinos on May 12, 2009, July 23, 2010 and July 18, 2011, the South Dakota slot route on January 27, 2012, and the Club Fortune Casino in Nevada on December 1, 2015, we have goodwill and intangible assets of $ 21,030,916 Other Total Goodwill Intangibles, net Balance as of April 30, 2016 $ 23,029,040 $ 18,025,059 $ 5,003,981 Current year amortization (871,707) - (871,707) State gaming registration refund (24,946) - (24,946) Impairment of South Dakota (1,101,471) (1,101,471) - Balance as of April 30, 2017 $ 21,030,916 $ 16,923,588 $ 4,107,328 Other Total Goodwill Intangibles, net Washington $ 16,149,876 $ 14,092,154 $ 2,057,722 South Dakota 275,000 - 275,000 Nevada 4,193,536 2,831,434 1,362,102 Corporate 412,504 - 412,504 Total $ 21,030,916 $ 16,923,588 $ 4,107,328 Intangible assets are generally amortized on a straight line basis over the useful lives of the assets. State gaming registration and trade names are not amortizable. Gross Carrying Accumulated Amount Amortization Net Customer relationships $ 8,673,321 $ (7,548,552) $ 1,124,769 Non-compete agreements 1,379,000 (1,320,945) 58,055 State gaming registration 412,504 - 412,504 Trade names 2,512,000 - 2,512,000 Total $ 12,976,825 $ (8,869,497) $ 4,107,328 A summary of intangible assets and accumulated amortization as of April 30, 2016, are as follows: Gross Carrying Accumulated Amount Amortization Net Customer relationships $ 8,673,321 $ (6,713,512) $ 1,959,809 Non-compete agreements 1,379,000 (1,284,278) 94,722 State gaming registration 437,450 - 437,450 Trade names 2,512,000 - 2,512,000 Total $ 13,001,771 $ (7,997,790) $ 5,003,981 The weighted average useful lives of acquired intangibles related to customer relationships is 7.0 3.0 871,707 1,185,991 Fiscal year Amount 2018 $ 491,693 2019 271,370 2020 117,143 2021 117,143 Thereafter 185,475 Total $ 1,182,824 Goodwill represents the excess of the purchase price over the fair market value of net assets acquired. Goodwill for our South Dakota operations was $ 1.1 1.1 12 0 2

Property and Equipment

Property and Equipment	12 Months Ended
	Apr. 30, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 6. Property and Equipment Estimated April 30, April 30, Service Life 2017 2016 in Years Leasehold improvements $ 1,556,824 $ 1,439,720 7-20 Gaming equipment 5,300,898 5,247,574 3-5 Furniture and office equipment 4,506,639 4,190,901 3-7 Building and improvements 7,762,201 7,440,577 15-30 Land 2,387,750 2,387,750 Construction in Progress 80,023 82,272 21,594,335 20,788,794 Less accumulated depreciation (7,635,620) (5,641,733) Property and equipment, net $ 13,958,715 $ 15,147,061 Depreciation expense for the years ended April 30, 2017 and 2016 was $2 .1 million 1.4

Income Taxes

Income Taxes	12 Months Ended
	Apr. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 7. Income Taxes Income taxes are accounted for using an asset and liability approach for financial accounting and reporting for income taxes. Under this approach, deferred tax assets and liabilities are recognized based on anticipated future tax consequences, using currently enacted tax laws, attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax basis. We record current income taxes based on our current taxable income, and we provide for deferred income taxes to reflect estimated future tax payments and receipts. We account for tax credits under the flow-through method, which reduces the provision for income taxes in the year the tax credits first become available. We reduce deferred tax assets by a valuation allowance when, based on our estimates, it is more likely than not that a portion of those assets will not be realized in a future period. We recognize the impact of uncertain tax positions in our financial statements only if that position is more likely than not of not being sustained upon examination by the taxing authority. Should interest and penalty be incurred as a result of a review of our income tax returns, we will record the interest and penalty in accordance with applicable guidance. April 30, 2017 April 30, 2016 Deferred tax asset $ 1,557,470 $ 2,348,299 April 30, 2017 April 30, 2016 Deferred tax assets: Net operating loss carryforwards $ 345,678 $ 5,284 Tax credit carryforwards 437,896 352,709 Stock options 246,726 237,937 Impairment of notes receivable and land 2,101,288 2,644,330 Revenue not recognized for tax reporting and other 187,770 172,135 Accrued expenses 104,580 198,273 Other 15,396 100,138 Total deferred tax assets 3,439,334 3,710,806 Deferred tax liabilities: Amortization of intangibles (1,404,551) (1,024,020) Fixed assets (263,072) (127,956) Prepaid expenses (214,241) (210,531) Total deferred tax liabilities (1,881,864) (1,362,507) Net deferred tax assets $ 1,557,470 $ 2,348,299 At April 30, 2017, we have $ 6.3 for book purposes, but not yet deducted on the tax return. 0.4 0.1 2032 We have analyzed our income tax filing positions in all jurisdictions and believe our income tax filing positions and deductions will be sustained on audit and do not anticipate any adjustments which will result in a material change to our financial position. As of the time of this filing, no income tax examinations are currently being undertaken by any jurisdiction. 34.0 Year Ended April 30, 2017 April 30, 2016 Percent Dollars Percent Dollars Income tax expense at statutory federal rate 34.0 $ 460,630 34.0 $ 857,664 Impairment of nondeductible goodwill 27.6 374,500 11.3 283,900 Non-deductible expenses 2.8 37,933 2.3 59,006 Utilization of general business credits (6.3) (85,187) (2.8) (71,051) Adjustment to deferred balances - - 3.0 76,157 Tax return to provision adjustments 0.2 2,953 0.6 15,821 Income tax expense at effective income tax rate 58.3 $ 790,829 48.4 $ 1,221,497

Long-Term Debt

Long-Term Debt	12 Months Ended
	Apr. 30, 2017
Debt Disclosure [Abstract]
Long-Term Debt	Note 8. Long-Term Debt Our long-term financing obligations for the fiscal years ended April 30, 2017 and 2016, are as follows: April 30, April 30, 2017 2016 $23.0 million reducing revolving credit agreement, LIBOR plus an applicable margin (3.49% at April 30, 2017), $625,000 quarterly reductions beginning January 31, 2016 through November 30, 2020, and the remaining $11,057,777 principal due on the maturity date of November 30, 2020. $ 12,061,411 $ 16,839,148 Less: current portion - - Total long-term financing obligations $ 12,061,411 $ 16,839,148 On November 30, 2015, the Company amended its existing credit agreement with Mutual of Omaha Bank (“MOOB”) to increase the lending commitment to 23.0 The Amended and Restated Credit Agreement (“Credit Facility”) matures on November 30, 2020, and 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, determined quarterly beginning April 1, 2016, based on the total leverage ratio for the trailing twelve month period. The initial Applicable Margin 4.00 when the first quarterly pricing change took effect, and decreased 3.00 2.50 In addition, the Company was required to fix the interest rate on at 50 May 1, 2017 – April 30, 2018 $ - May 1, 2018 – April 30, 2019 - May 1, 2019 – April 30, 2020 617,223 May 1, 2020 – November 30, 2020 11,682,777 Total payments 12,300,000 Unamortized debt discount (238,589) Total long-term debt $ 12,061,411 During the first quarter of fiscal 2016, the $ 276,054 276,054 67,223 6,882,777 700,000 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 including a maximum total leverage ratio ranging from 3.00 1.00 2.75 1.00 2.50 1.00 1.15 1.00 The unamortized debt discount above consists of debt issuance costs paid directly to the lender. The discount is amortized using the effective interest rate method over the period of the Credit Facility through interest expense.

Interest Rate Swap

Interest Rate Swap	12 Months Ended
	Apr. 30, 2017
Interest Rate Swap [Abstract]
Interest Rate Swap	Interest Rate Swap We are required by the Credit Facility to have a secured interest rate swap for at least 50% of the Credit Facility commitment. On December 28, 2015, the Company entered into a swap transaction with Mutual of Omaha Bank, which has a calculation period as of the tenth day of each month through the maturity date of the Credit Facility. As of April 30, 2017, the Company had one outstanding interest rate swap with MOOB with a notional amount of $ 9,625,000 1.77 4.27 0.990 The Company did not designate the interest rate swap as a cash flow hedge and the interest rate swap did not qualify for hedge accounting under ASC Topic 815. Changes in our interest rate swap fair value are recorded in our consolidated statements of operations. 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. As a result of our evaluation of our interest rate swap, we recorded a $ 250,385 36,346 286,731 , respectively,

Equity Transactions and Stock O

Equity Transactions and Stock Option Plans	12 Months Ended
	Apr. 30, 2017
Share-based Compensation [Abstract]
Equity Transactions and Stock Option Plans	Note 10. Equity Transactions and Stock Option 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 ⋅ Stock Options including Incentive Stock Options (“ISO”), ⋅ Options not intended to qualify as ISOs, ⋅ Stock Appreciation Rights, and ⋅ Restricted Stock Grants. 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 10 In October of 2015 and 2016, the Committee granted stock to the board of directors as 10,000 per director in annual compensation paid in the form of a stock grant. The Committee also 12,600 and 12,000 For the year ended April 30, 2016 Grants Shares Weighted Unvested at beginning of year - Issued 42,185 $ 1.69 Vested (29,585) $ 1.69 Forfeited - Unvested at end of year 12,600 $ 1.69 For the year ended April 30, 2017 Grants Shares Weighted Unvested at beginning of year 12,600 $ 1.69 Issued 51,774 $ 1.86 Vested (43,974) $ 1.75 Forfeited - Unvested at end of year 20,400 $ 1.98 As of April 30, 2017, there was $ 35,326 2.5 A summary of stock option activity under our share-based payment plans for the years ended April 30, 2017 and 2016 is presented below: Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Term (Year) Value Outstanding at April 30, 2015 895,000 $ 1.08 Granted - - Exercised (190,000) $ 1.03 Forfeited or expired - - Outstanding at April 30, 2016 705,000 $ 1.10 6.25 $ 668,800 Exercisable at April 30, 2016 605,000 $ 1.08 5.90 $ 586,800 Outstanding at April 30, 2016 705,000 $ 1.08 Granted - - Exercised (11,500) $ 1.41 Forfeited or expired - - Outstanding at April 30, 2017 693,500 $ 1.10 5.26 $ 779,300 Exercisable at April 30, 2017 693,500 $ 1.10 5.26 $ 779,300 Available for grant at April 30, 2017 591,041 As of April 30, 2017, there was no unamortized compensation cost Compensation cost for stock options granted is 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 90 500,000 5 January 1, 2016 Treasury Stock In July 2016, our board of directors approved a $ 2.0 296,665 1.89 573,474 755,644 2.15 2.0

Stock Offering and Warrants

Stock Offering and Warrants	12 Months Ended
	Apr. 30, 2017
Stock Offering and Warrants [Abstract]
Stock Offering and Warrants	Note 11. Stock Offering and Warrants On November 7, 2011, we closed on the sale of 2,625,652 1.65 4.3 444,000 5.1 0.75 2.18 36,689 May 7, 2017

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Apr. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 12. Commitments and Contingencies We are party to contracts in the ordinary course of business, including leases for real property and operating leases for equipment. Fiscal Year Total 2018 $ 3,147,882 2019 3,133,416 2020 2,431,304 2021 2,378,132 2022 1,588,148 Thereafter 30,549 $ 12,709,431 Total rent expense for the years ended April 30, 2017 and 2016 was $ 3,404,302 3,361,606 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. Colorado Grande Casino under this lease through May 24, 2017

Earnings Per Share

Earnings Per Share	12 Months Ended
	Apr. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Note 13. Earnings Per Share Fiscal Year Ended April 30, April 30, 2017 2016 Numerator: Basic and diluted: Net income $ 563,964 $ 1,301,046 Denominator: Basic weighted average number of common shares outstanding 17,688,229 17,002,728 Diluted weighted average number of common shares outstanding 17,990,524 17,298,373 Income per share for continuing operations: Net income per common share – basic and diluted $ 0.03 $ 0.08

Segment Reporting

Segment Reporting	12 Months Ended
	Apr. 30, 2017
Segment Reporting [Abstract]
Segment Reporting	Note 14. Segment Reporting We have three business segments: (i) Washington, (ii) South Dakota, and (iii) Nevada, as well as the Company’s corporate location. For the year ended April 30, 2017 and 2016, the Washington segment consists of the Washington mini-casinos, the South Dakota segment consists of our slot route operation in South Dakota, the Nevada segment consists of Club Fortune casino (see Acquisition of Club Fortune Casino footnote) and Corporate includes the vacant land in Colorado and its taxes and maintenance expenses. Corporate also includes corporate-related items, results of insignificant operations, and income and expenses not allocated to other reportable segments. As of, and for the Year Ended, April 30, 2017 Washington South Dakota Nevada Corporate Totals Net revenue $ 54,427,258 $ 6,728,808 $ 13,470,883 $ - $ 74,626,949 Casino and food and beverage expense 28,797,652 5,980,534 7,821,261 - 42,599,447 Marketing and administrative and corporate expense 16,680,236 458,629 3,781,238 2,719,003 23,639,106 Facility and other expenses 1,959,091 126,706 331,713 - 2,417,510 Depreciation and amortization 951,960 552,373 1,491,521 25,426 3,021,280 Operating income (loss) 6,031,378 (1,502,353) (13,645) (2,744,429) 1,770,951 Assets 28,303,228 1,751,461 17,337,408 5,425,416 52,817,513 Purchase of property and equipment 344,963 37,474 606,672 55,188 1,044,297 As of, and for the Year Ended, April 30, 2016 Washington South Dakota Nevada Corporate Totals Net revenue $ 56,741,215 $ 7,482,666 $ 6,010,475 $ - $ 70,234,356 Casino and food and beverage expense 29,275,121 6,509,075 3,309,067 - 39,093,263 Marketing and administrative and corporate expense 16,399,648 465,848 1,749,766 3,258,187 21,873,449 Facility and other expenses 2,010,446 133,718 119,637 - 2,263,801 Depreciation and amortization 1,374,111 618,260 603,935 12,310 2,608,616 Operating income (loss) 7,844,131 (1,088,366) 233,370 (3,620,497) 3,368,638 Assets 29,223,770 3,247,015 17,860,387 7,427,528 57,758,700 Purchase of property and equipment 458,304 152,108 43,667 20,716 674,795

Related Party Transactions

Related Party Transactions	12 Months Ended
	Apr. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Note 15. Related Party Transactions The Company paid $ 10,200 4,250 200,715 85,322 We are required to obtain approval from the Audit Committee of the Board of Directors for any related party transactions. The Audit Committee is comprised of independent directors.

Acquisition of Club Fortune Cas

Acquisition of Club Fortune Casino	12 Months Ended
	Apr. 30, 2017
Business Combinations [Abstract]
Acquisition of Club Fortune Casino	Note 16. Acquisition of Club Fortune Casino On December 1, 2015, the Company completed the acquisition of the Club Fortune casino in Henderson, Nevada pursuant to an Asset Purchase Agreement dated May 22, 2015 between Gaming Ventures of Las Vegas, Inc., as Seller and Nevada Gold & Casinos LV, LLC, a wholly owned subsidiary of the Company, as Buyer. The purchase price for the acquisition, exclusive of working capital, was $14,159,623 and 1,190,476 shares of common stock of the Company for a total purchase price of $16,362,004. The acquisition was financed pursuant to an expansion of the Company’s existing Credit Agreement with Mutual of Omaha Bank (see Long-Term Debt footnote). We incurred $0.6 million of acquisition related expenses through April 30, 2016, which are included in corporate expense in our consolidated statement of operations. The allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed was as follows (in millions): Building $ 5.8 Equipment 3.9 Land 2.1 Land improvements 0.2 Customer relationships 0.8 Tradename 0.7 Non-compete agreement 0.1 Goodwill 2.8 Working capital (1) 0.8 $ 17.2 (1) Working capital includes $1.5 million of cash acquired. The following unaudited pro forma data gives effect to the Club Fortune acquisition as if it had been completed on May 1, 2014. The unaudited pro forma financial information is presented for illustrative purposes only and is not necessarily indicative of what the operating results actually would have been during the periods presented had the acquisition been completed on May 1, 2014. In addition, the unaudited pro forma financial information does not purport to project future operating results. The pro forma information does not reflect any anticipated synergies or the impact of non-recurring items directly related to the Club Fortune acquisition. Twelve months ended Net revenues $ 79,084,320 Net income $ 1,271,202

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Apr. 30, 2017
Accounting Policies [Abstract]
Principles of Consolidation	We consolidate entities when we have the ability to control the operating and financial decisions and policies of that entity and record the portion we do not own as non-controlling interest. The determination of our ability to control, or exert significant influence over, an entity involves the use of judgment. We apply the equity method of accounting if we can exert significant influence over, but do not control the policies and decisions of an entity. We use the cost method of accounting if we are unable to exert significant influence over the entity.
Use of Estimates	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.
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. Long-lived assets, including property and equipment and amortizable intangible assets, comprise a significant portion of our total assets. We evaluate the carrying value of long-lived assets if impairment indicators are present or if other circumstances indicate that impairment may exist under authoritative guidance. When management believes impairment indicators may exist, projections of the undiscounted future cash flows associated with the use of and eventual disposition of long-lived assets held for use are prepared. If the projections indicate that the carrying values of the long-lived assets are not recoverable, we reduce the carrying values to fair value. For long-lived assets held for sale, we compare the carrying values to an estimate of fair value less selling costs to determine potential impairment. We test for impairment of long-lived assets at the lowest level for which cash flows are measurable. These impairment tests are heavily influenced by assumptions and estimates that are subject to change as additional information becomes available.
Cash and Cash Equivalents	Cash and Cash Equivalents We consider short-term investments with an original maturity of less than three months to be cash equivalents. We maintain cash accounts in major U.S. financial institutions. The terms of these deposits are on demand to minimize risk. The balances of these accounts occasionally exceed the federally insured limits, although no losses have been incurred in connection with such cash balances.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts We establish provisions for losses on accounts and notes receivable if we determine that we will not collect all or part of the outstanding balance. We regularly review collectability and establish or adjust our allowance as necessary using the specific identification method. We make advances to third parties under executed promissory notes for project costs related to the development of gaming and entertainment properties. Due diligence is conducted by our management with the assistance of legal counsel prior to entering into arrangements with third parties to provide financing in connection with their efforts to secure and develop the properties. Repayment terms are largely dependent upon the operating performance of each opportunity for which the funds have been loaned. Interest income is not accrued until it is reasonably assured that the project will be completed and that there will be sufficient profits from the facility to cover the interest to be earned under the respective note. If projected cash flows are not sufficient to recover amounts due, the note is evaluated to determine the appropriate discount to be recorded on the note for it to be considered a performing loan. If the note is performing, interest is recorded using the effective interest method based on the value of the discounted note balance. Each reporting period we review each of our receivables to evaluate whether the collection of such receivable is still probable. In our analysis, we review the economic feasibility and the current financial, legislative and development status of the project. If our analysis indicates that the project is no longer economically feasible then the receivable would be written down to its estimated fair value.
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. 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.
Real Estate Held for Sale	Real Estate Held for Sale Real estate held for sale consists of undeveloped land located in and around Black Hawk, Colorado. Property held for sale is carried at the lower of cost or net realizable value. On April 8, 2013, we signed a one year option agreement, with two one year extensions to sell the land for an initial sale price of $ 1.1 118 750,000 350,000 75,000 5 675,000 April 30, 2019
Property and Equipment	Property and Equipment Expenditures for property and equipment are capitalized at cost. We depreciate property and equipment over their respective estimated useful lives, ranging from three to thirty years, using the straight-line method. When items are retired or otherwise disposed of, a gain or loss is recorded for the difference between net book value and proceeds realized. Ordinary maintenance and repairs are charged to earnings, and replacements and improvements are capitalized.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill and intangible assets with indefinite useful lives are tested for impairment annually (on April 30) or more frequently if an event occurs or circumstances change that may reduce the fair value of our goodwill below its carrying value. We review goodwill at the reporting level unit, which is the same as our operating segments. We compare the carrying value of the net assets of each reporting unit to the estimated fair value of the reporting unit, based upon a multiple of estimated earnings and on a discounted cash flow method. If the carrying value exceeds the estimated fair value of the reporting unit, an impairment indicator exists and an estimate of the impairment loss is calculated. The fair value calculation uses level 3 inputs and includes multiple assumptions and estimates, including the projected cash flows and discount rates. Changes in these assumptions and estimates could result in goodwill impairment that could materially adversely impact our financial position or results of operations. All of our goodwill is attributable to reporting units as disclosed in Note 5. Long-lived assets, including property, plant and equipment and amortizable intangible assets also comprise a significant portion of our total assets. We evaluate the carrying value of long-lived assets if impairment indicators are present or if circumstances indicate that impairment may exist under authoritative guidance. When management believes impairment indicators may exist, projections of the undiscounted future cash flows associated with the use of and eventual disposition of long-lived assets held for use are prepared. If the projections indicate that the carrying value of the long-lived assets are not recoverable, we reduce the carrying values to fair value. For property held for sale, we compare the carrying values to an estimate of fair value less selling costs to determine potential impairment. We test for impairment of long-lived assets at the lowest level for which cash flows are measurable. These impairment tests are heavily influenced by assumptions and estimates that are subject to change as additional information becomes available.
Slot Club Awards	Slot Club Awards We reward our slot customers for their loyalty based on the dollar amount of play on slot machines. We accrue for these slot club awards based on an estimate of the value of the outstanding awards utilizing the age and prior history of redemptions. Future events such as a change in our marketing strategy or new competition could result in a change in the value of the awards.
Advertising Costs	Advertising Costs We expense advertising costs as incurred. Advertising expense related primarily to our casino operations and for the years ended April 30, 2017 and 2016, was $ 4.2 3.1
Revenue Recognition	Revenue Recognition We record revenues from casino operations. 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. These amounts are included in promotional allowances in the accompanying consolidated statements of operations. We record the redemption of coupons and points for cash as a reduction of revenue. Fiscal Year Ended April 30, 2017 April 30, 2016 Food and beverage $ 6,722,157 $ 5,509,186 Other 236,909 219,283 Promotional allowances $ 6,959,066 $ 5,728,469 Fiscal Year Ended April 30, 2017 April 30, 2016 Food and beverage $ 6,112,343 $ 4,477,148 Other 222,886 171,187 Total cost of complimentary services $ 6,335,229 $ 4,648,335
Accrued Jackpot Liability	Accrued Jackpot Liability We accrue slot jackpot liability as games are played under a matching concept of coin-in. We also maintain accrued player-supported jackpot liabilities. Player-supported jackpot is a progressive game of chance, allowed in Washington State, directly related to the play or outcome of an authorized non-house-banked card game separately funded by our patrons. Any jackpots hit in these card games are paid from such reserved funds.
Income Taxes	Income Taxes Income taxes are accounted for using an asset and liability approach for financial accounting and reporting for income taxes. Under this approach, deferred tax assets and liabilities are recognized based on anticipated future tax consequences, using currently enacted tax laws, attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax basis. We record current income taxes based on our current taxable income, and we provide for deferred income taxes to reflect estimated future tax payments and receipts. We account for tax credits under the flow-through method, which reduces the provision for income taxes in the year the tax credits first become available. We reduce deferred tax assets by a valuation allowance when, based on our estimates, it is more likely than not that a portion of those assets will not be realized in a future period. We recognize the impact of uncertain tax positions in our financial statements only if that position is more likely than not of being sustained upon examination by the taxing authority. Should interest and penalty be incurred as a result of a review of our income tax returns, we will record the interest and penalty in accordance with applicable guidance.
Stock-Based Compensation	Stock-Based Compensation Under ASC Topic 718, “Compensation - Stock Compensation The compensation cost related to these share-based awards is recognized over the requisite service period. The requisite service period is generally the period during which an employee is required to provide service in exchange for the award. Total stock-based compensation for the years ended April 30, 2017 and 2016, was $ 124,279 164,698
Earnings Per Share	Earnings Per Share Earnings per share, both basic and diluted, are presented on the consolidated statement of operations. Basic earnings per common share amounts are calculated using the weighted average number of common shares outstanding during each period. Diluted earnings per share assumes the exercise of all stock options having exercise prices less than the average market price of the common stock using the “treasury stock method” and for convertible debt securities using the “if converted method”.
Accrued Contingent Liabilities	Accrued Contingent Liabilities We assess our exposure to loss contingencies including legal matters. If a potential loss is justified, probable and able to be quantified, we will provide for the exposure. If the actual loss from a contingency differs from management’s estimate, operating results could be impacted. As of April 30, 2017 and 2016, we did not record any accrued contingent liabilities.
Derivative Financial Instruments	Derivative Financial Instruments We have managed our market risk, including interest rate risk associated with variable rate borrowings, through balancing fixed-rate and variable-rate borrowings with the use of derivative financial instruments. The fair value of derivative financial instruments are recognized as assets or liabilities at each balance sheet date, with changes in fair value affecting net income. The Company’s interest rate swap did not qualify for hedge accounting. Accordingly, change in the fair value of the interest rate swap is presented as a change in fair value of swaps in the accompanying consolidated statements of operations.
New Accounting Pronouncements	New Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued amended accounting guidance that changes the accounting for leases and requires expanded disclosures about leasing activities. Under the new guidance, lessees will be required to recognize a right-of-use asset and a lease liability, measured on a discounted basis, at the commencement date for all leases with terms greater than twelve months. Lessor accounting will remain largely unchanged, other than certain targeted improvements intended to align lessor accounting with the lessee accounting model and with the updated revenue recognition guidance issued in 2014. Lessees and lessors must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The amended guidance is effective for annual reporting periods (including interim periods within those periods) beginning after December 15, 2018, and early application is permitted. The Company is currently evaluating the impact this guidance will have on its financial position and results of operations. In May 2014, the FASB issued a new accounting standard for revenue recognition which requires entities to recognize revenue when it transfers promised goods or services to customers, in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new standard supersedes the existing accounting guidance for revenue recognition, including industry-specific guidance, 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, 2017. Early application is permitted for annual reporting periods beginning after December 15, 2016 (including interim periods within those periods). 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 2019. 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 August 2014, the FASB issued amended accounting guidance that defines management’s responsibility to evaluate a company’s ability to continue as a going concern and to provide related footnote disclosures. For each reporting period, management will be required to evaluate whether there are conditions or events that raise substantial doubt about a company’s ability to continue as a going concern within one year from the date the financial statements are issued. The amendments are effective for annual reporting periods (including interim periods within those periods) beginning after December 15, 2016. The Company will adopt this guidance in the first quarter of fiscal 2018 and does not expect the adoption to have a material impact on its financial position or results of operations. 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.

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Apr. 30, 2017
Accounting Policies [Abstract]
Schedule Of Promotional Allowances	The estimated retail value of providing such promotional allowances is as follows: Fiscal Year Ended April 30, 2017 April 30, 2016 Food and beverage $ 6,722,157 $ 5,509,186 Other 236,909 219,283 Promotional allowances $ 6,959,066 $ 5,728,469
Schedule Of Cost Of Revenue	The estimated cost of providing such complimentary services that is included in casino expense in the consolidated statements of operations was as follows: Fiscal Year Ended April 30, 2017 April 30, 2016 Food and beverage $ 6,112,343 $ 4,477,148 Other 222,886 171,187 Total cost of complimentary services $ 6,335,229 $ 4,648,335

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Apr. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Change in Carrying Amount of Goodwill and Intangibles	The change in the carrying amount of goodwill and other intangibles for the fiscal year ended April 30, 2017, is as follows: Other Total Goodwill Intangibles, net Balance as of April 30, 2016 $ 23,029,040 $ 18,025,059 $ 5,003,981 Current year amortization (871,707) - (871,707) State gaming registration refund (24,946) - (24,946) Impairment of South Dakota (1,101,471) (1,101,471) - Balance as of April 30, 2017 $ 21,030,916 $ 16,923,588 $ 4,107,328
Goodwill and Net Other Intangibles by Segment	Goodwill and net intangibles assets by segment as of April 30, 2017, are as follows: Other Total Goodwill Intangibles, net Washington $ 16,149,876 $ 14,092,154 $ 2,057,722 South Dakota 275,000 - 275,000 Nevada 4,193,536 2,831,434 1,362,102 Corporate 412,504 - 412,504 Total $ 21,030,916 $ 16,923,588 $ 4,107,328
Summary of Intangible Assets and Accumulated Amortization	A summary of intangible assets and accumulated amortization as of April 30, 2017, are as follows: Gross Carrying Accumulated Amount Amortization Net Customer relationships $ 8,673,321 $ (7,548,552) $ 1,124,769 Non-compete agreements 1,379,000 (1,320,945) 58,055 State gaming registration 412,504 - 412,504 Trade names 2,512,000 - 2,512,000 Total $ 12,976,825 $ (8,869,497) $ 4,107,328 A summary of intangible assets and accumulated amortization as of April 30, 2016, are as follows: Gross Carrying Accumulated Amount Amortization Net Customer relationships $ 8,673,321 $ (6,713,512) $ 1,959,809 Non-compete agreements 1,379,000 (1,284,278) 94,722 State gaming registration 437,450 - 437,450 Trade names 2,512,000 - 2,512,000 Total $ 13,001,771 $ (7,997,790) $ 5,003,981
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: Fiscal year Amount 2018 $ 491,693 2019 271,370 2020 117,143 2021 117,143 Thereafter 185,475 Total $ 1,182,824

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Apr. 30, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property and equipment at April 30, 2017 and April 30, 2016 consist of the following: Estimated April 30, April 30, Service Life 2017 2016 in Years Leasehold improvements $ 1,556,824 $ 1,439,720 7-20 Gaming equipment 5,300,898 5,247,574 3-5 Furniture and office equipment 4,506,639 4,190,901 3-7 Building and improvements 7,762,201 7,440,577 15-30 Land 2,387,750 2,387,750 Construction in Progress 80,023 82,272 21,594,335 20,788,794 Less accumulated depreciation (7,635,620) (5,641,733) Property and equipment, net $ 13,958,715 $ 15,147,061

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Apr. 30, 2017
Income Tax Disclosure [Abstract]
Deferred Tax Assets and Liabilities on Balance Sheet	Deferred tax assets and liabilities presented on the balance sheet are as follows: April 30, 2017 April 30, 2016 Deferred tax asset $ 1,557,470 $ 2,348,299
Schedule of Deferred Tax Assets and Liabilities	A summary of our deferred tax assets and liabilities is presented in the table below: April 30, 2017 April 30, 2016 Deferred tax assets: Net operating loss carryforwards $ 345,678 $ 5,284 Tax credit carryforwards 437,896 352,709 Stock options 246,726 237,937 Impairment of notes receivable and land 2,101,288 2,644,330 Revenue not recognized for tax reporting and other 187,770 172,135 Accrued expenses 104,580 198,273 Other 15,396 100,138 Total deferred tax assets 3,439,334 3,710,806 Deferred tax liabilities: Amortization of intangibles (1,404,551) (1,024,020) Fixed assets (263,072) (127,956) Prepaid expenses (214,241) (210,531) Total deferred tax liabilities (1,881,864) (1,362,507) Net deferred tax assets $ 1,557,470 $ 2,348,299
Schedule of Effective Income Tax Rate Reconciliation	Reconciliations between the statutory federal income tax expense rate of 34.0 Year Ended April 30, 2017 April 30, 2016 Percent Dollars Percent Dollars Income tax expense at statutory federal rate 34.0 $ 460,630 34.0 $ 857,664 Impairment of nondeductible goodwill 27.6 374,500 11.3 283,900 Non-deductible expenses 2.8 37,933 2.3 59,006 Utilization of general business credits (6.3) (85,187) (2.8) (71,051) Adjustment to deferred balances - - 3.0 76,157 Tax return to provision adjustments 0.2 2,953 0.6 15,821 Income tax expense at effective income tax rate 58.3 $ 790,829 48.4 $ 1,221,497

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Apr. 30, 2017
Debt Disclosure [Abstract]
Long-Term Financing Obligations	Our long-term financing obligations for the fiscal years ended April 30, 2017 and 2016, are as follows: April 30, April 30, 2017 2016 $23.0 million reducing revolving credit agreement, LIBOR plus an applicable margin (3.49% at April 30, 2017), $625,000 quarterly reductions beginning January 31, 2016 through November 30, 2020, and the remaining $11,057,777 principal due on the maturity date of November 30, 2020. $ 12,061,411 $ 16,839,148 Less: current portion - - Total long-term financing obligations $ 12,061,411 $ 16,839,148
Scheduled Principal Payments on Credit Facility	As of April 30, 2017, scheduled principal payments on the Credit Facility are as follows: May 1, 2017 – April 30, 2018 $ - May 1, 2018 – April 30, 2019 - May 1, 2019 – April 30, 2020 617,223 May 1, 2020 – November 30, 2020 11,682,777 Total payments 12,300,000 Unamortized debt discount (238,589) Total long-term debt $ 12,061,411

Equity Transactions and Stock29

Equity Transactions and Stock Option Plans (Tables)	12 Months Ended
	Apr. 30, 2017
Share-based Compensation [Abstract]
Summary of Stock Grant Activity Under our Share-Based Payment Plans	A summary of stock grant activity under our share-based payment plans for the years ended April 30, 2017 and 2016, is presented below: For the year ended April 30, 2016 Grants Shares Weighted Unvested at beginning of year - Issued 42,185 $ 1.69 Vested (29,585) $ 1.69 Forfeited - Unvested at end of year 12,600 $ 1.69 For the year ended April 30, 2017 Grants Shares Weighted Unvested at beginning of year 12,600 $ 1.69 Issued 51,774 $ 1.86 Vested (43,974) $ 1.75 Forfeited - Unvested at end of year 20,400 $ 1.98
Summary of Activity under Share-Based Payment Plans	A summary of stock option activity under our share-based payment plans for the years ended April 30, 2017 and 2016 is presented below: Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Term (Year) Value Outstanding at April 30, 2015 895,000 $ 1.08 Granted - - Exercised (190,000) $ 1.03 Forfeited or expired - - Outstanding at April 30, 2016 705,000 $ 1.10 6.25 $ 668,800 Exercisable at April 30, 2016 605,000 $ 1.08 5.90 $ 586,800 Outstanding at April 30, 2016 705,000 $ 1.08 Granted - - Exercised (11,500) $ 1.41 Forfeited or expired - - Outstanding at April 30, 2017 693,500 $ 1.10 5.26 $ 779,300 Exercisable at April 30, 2017 693,500 $ 1.10 5.26 $ 779,300 Available for grant at April 30, 2017 591,041

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Apr. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Expected Remaining Future Rolling Twelve Months Minimum Lease Payments	The expected remaining future annual minimum lease payments as of April 30, 2017 are as follows: Fiscal Year Total 2018 $ 3,147,882 2019 3,133,416 2020 2,431,304 2021 2,378,132 2022 1,588,148 Thereafter 30,549 $ 12,709,431

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Apr. 30, 2017
Earnings Per Share [Abstract]
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: Fiscal Year Ended April 30, April 30, 2017 2016 Numerator: Basic and diluted: Net income $ 563,964 $ 1,301,046 Denominator: Basic weighted average number of common shares outstanding 17,688,229 17,002,728 Diluted weighted average number of common shares outstanding 17,990,524 17,298,373 Income per share for continuing operations: Net income per common share – basic and diluted $ 0.03 $ 0.08

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Apr. 30, 2017
Segment Reporting [Abstract]
Summarized Financial Information for Reportable Segments	Summarized financial information for our reportable segments is shown in the following table. As of, and for the Year Ended, April 30, 2017 Washington South Dakota Nevada Corporate Totals Net revenue $ 54,427,258 $ 6,728,808 $ 13,470,883 $ - $ 74,626,949 Casino and food and beverage expense 28,797,652 5,980,534 7,821,261 - 42,599,447 Marketing and administrative and corporate expense 16,680,236 458,629 3,781,238 2,719,003 23,639,106 Facility and other expenses 1,959,091 126,706 331,713 - 2,417,510 Depreciation and amortization 951,960 552,373 1,491,521 25,426 3,021,280 Operating income (loss) 6,031,378 (1,502,353) (13,645) (2,744,429) 1,770,951 Assets 28,303,228 1,751,461 17,337,408 5,425,416 52,817,513 Purchase of property and equipment 344,963 37,474 606,672 55,188 1,044,297 As of, and for the Year Ended, April 30, 2016 Washington South Dakota Nevada Corporate Totals Net revenue $ 56,741,215 $ 7,482,666 $ 6,010,475 $ - $ 70,234,356 Casino and food and beverage expense 29,275,121 6,509,075 3,309,067 - 39,093,263 Marketing and administrative and corporate expense 16,399,648 465,848 1,749,766 3,258,187 21,873,449 Facility and other expenses 2,010,446 133,718 119,637 - 2,263,801 Depreciation and amortization 1,374,111 618,260 603,935 12,310 2,608,616 Operating income (loss) 7,844,131 (1,088,366) 233,370 (3,620,497) 3,368,638 Assets 29,223,770 3,247,015 17,860,387 7,427,528 57,758,700 Purchase of property and equipment 458,304 152,108 43,667 20,716 674,795

Acquisition of Club Fortune C33

Acquisition of Club Fortune Casino (Tables)	12 Months Ended
	Apr. 30, 2017
Business Combinations [Abstract]
Estimated Fair Values of the Assets Acquired and Liabilities Assumed	The allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed was as follows (in millions): Building $ 5.8 Equipment 3.9 Land 2.1 Land improvements 0.2 Customer relationships 0.8 Tradename 0.7 Non-compete agreement 0.1 Goodwill 2.8 Working capital (1) 0.8 $ 17.2 (1) Working capital includes $1.5 million of cash acquired.
Unaudited Pro Forma Data	The following unaudited pro forma data gives effect to the Club Fortune acquisition as if it had been completed on May 1, 2014. The unaudited pro forma financial information is presented for illustrative purposes only and is not necessarily indicative of what the operating results actually would have been during the periods presented had the acquisition been completed on May 1, 2014. In addition, the unaudited pro forma financial information does not purport to project future operating results. The pro forma information does not reflect any anticipated synergies or the impact of non-recurring items directly related to the Club Fortune acquisition. Twelve months ended Net revenues $ 79,084,320 Net income $ 1,271,202

Estimated Cost of Promotional A

Estimated Cost of Promotional Allowances (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Promotional allowances	$ 6,959,066	$ 5,728,469
Food and beverage [Member]
Promotional allowances	6,722,157	5,509,186
Other [Member]
Promotional allowances	$ 236,909	$ 219,283

Estimated Cost of Complimentary

Estimated Cost of Complimentary Services (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Significant Accounting Policies [Line Items]
Food and beverage	$ 6,112,343	$ 4,477,148
Other	222,886	171,187
Total cost of complimentary services	$ 6,335,229	$ 4,648,335

Summary of Significant Accoun36

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016	Apr. 22, 2016	Apr. 08, 2013
Significant Accounting Policies [Line Items]
Advertising Expense		$ 4,200,000	$ 3,100,000
Stock based compensation		$ 124,279	$ 164,698
Real Estate Held For Sale, Per Day Price					$ 118
Real Estate Held-for-sale					$ 1,100,000
Land Available-for-sale				$ 750,000
Asset Impairment Charges, Total	$ 350,000
Debt Instrument, Maturity Date		Apr. 30, 2019
Loans Payable
Significant Accounting Policies [Line Items]
Long-term Debt, Total		$ 675,000
Other Long Term Debt
Significant Accounting Policies [Line Items]
Proceeds from (Repayments of) Other Long-term Debt		$ 75,000
Debt Instrument, Interest Rate, Effective Percentage		5.00%
Minimum
Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life		3 years
Maximum
Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life		30 years

Restricted Cash - Additional In

Restricted Cash - Additional Information (Detail) - USD ($) $ in Millions	Apr. 30, 2017	Apr. 30, 2016
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 2	$ 1.4

Notes Receivable - Additional I

Notes Receivable - Additional Information (Detail) - USD ($)	May 05, 2017	May 25, 2012	Apr. 30, 2017	Apr. 30, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable			$ 390,368	$ 1,109,069
Colorado Grande Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable		$ 2,300,000
Notes receivable, maturity date		Jun. 1, 2017
Notes receivable, interest rate		6.00%
Colorado Grande Casino | Subsequent Event
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, maturity date	Feb. 28, 2018
Notes receivable, interest rate	6.00%
Monthly Installment Amount Of Note Receivable	$ 40,000
Big City Capital, LLC
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Gross			1,700,000
B. V. Oro, LLC
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Gross			$ 4,600,000
Buena Vista Development Company [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage			40.00%

Change in Carrying Amount of Go

Change in Carrying Amount of Goodwill and Other Intangibles (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Jan. 31, 2017	Apr. 30, 2017	Apr. 30, 2016
Goodwill and Intangible Assets Disclosure [Line Items]
Balance as of April 30, 2016		$ 23,029,040
Current year amortization		(871,707)	$ (1,185,991)
State gaming registration refund		(24,946)
Impairment of South Dakota	$ (1,100,000)	(1,101,471)
Balance as of April 30, 2017		21,030,916	23,029,040
Goodwill
Goodwill and Intangible Assets Disclosure [Line Items]
Balance as of April 30, 2016		18,025,059
Current year amortization		0
State gaming registration refund		0
Impairment of South Dakota		(1,101,471)
Balance as of April 30, 2017		16,923,588	18,025,059
Other Intangibles, net
Goodwill and Intangible Assets Disclosure [Line Items]
Balance as of April 30, 2016		5,003,981
Current year amortization		(871,707)
State gaming registration refund		(24,946)
Impairment of South Dakota		0
Balance as of April 30, 2017		$ 4,107,328	$ 5,003,981

Goodwill and Net Other Intangib

Goodwill and Net Other Intangibles by Segment (Detail)	Apr. 30, 2017USD ($)
Goodwill [Line Items]
Goodwill and other intangible assets	$ 21,030,916
Washington
Goodwill [Line Items]
Goodwill and other intangible assets	16,149,876
South Dakota
Goodwill [Line Items]
Goodwill and other intangible assets	275,000
Nevada
Goodwill [Line Items]
Goodwill and other intangible assets	4,193,536
Corporate
Goodwill [Line Items]
Goodwill and other intangible assets	412,504
Other Intangibles, net
Goodwill [Line Items]
Goodwill and other intangible assets	4,107,328
Other Intangibles, net | Washington
Goodwill [Line Items]
Goodwill and other intangible assets	2,057,722
Other Intangibles, net | South Dakota
Goodwill [Line Items]
Goodwill and other intangible assets	275,000
Other Intangibles, net | Nevada
Goodwill [Line Items]
Goodwill and other intangible assets	1,362,102
Other Intangibles, net | Corporate
Goodwill [Line Items]
Goodwill and other intangible assets	412,504
Goodwill
Goodwill [Line Items]
Goodwill and other intangible assets	16,923,588
Goodwill | Washington
Goodwill [Line Items]
Goodwill and other intangible assets	14,092,154
Goodwill | South Dakota
Goodwill [Line Items]
Goodwill and other intangible assets	0
Goodwill | Nevada
Goodwill [Line Items]
Goodwill and other intangible assets	2,831,434
Goodwill | Corporate
Goodwill [Line Items]
Goodwill and other intangible assets	$ 0

Summary of Intangible Assets an

Summary of Intangible Assets and Accumulated Amortization (Detail) - USD ($)	Apr. 30, 2017	Apr. 30, 2016
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 12,976,825	$ 13,001,771
Accumulated Amortization	(8,869,497)	(7,997,790)
Net	4,107,328	5,003,981
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	8,673,321	8,673,321
Accumulated Amortization	(7,548,552)	(6,713,512)
Net	1,124,769	1,959,809
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,379,000	1,379,000
Accumulated Amortization	(1,320,945)	(1,284,278)
Net	58,055	94,722
State gaming registration
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	412,504	437,450
Accumulated Amortization	0	0
Net	412,504	437,450
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,512,000	2,512,000
Accumulated Amortization	0	0
Net	$ 2,512,000	$ 2,512,000

Estimated Future Annual Amortiz

Estimated Future Annual Amortization of Intangible Assets (Detail) - USD ($)	Apr. 30, 2017	Apr. 30, 2016
Expected Amortization Expense [Line Items]
Total	$ 4,107,328	$ 5,003,981
Customer relationships and Non-compete agreements
Expected Amortization Expense [Line Items]
2,018	491,693
2,019	271,370
2,020	117,143
2,021	117,143
Thereafter	185,475
Total	$ 1,182,824

Goodwill and Intangible Asset43

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Apr. 30, 2017	Jan. 31, 2017	Apr. 30, 2017	Apr. 30, 2016
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill and identifiable intangible in connection with acquisitions of the Washington mini-casinos	$ 21,030,916		$ 21,030,916	$ 23,029,040
Goodwill	$ 16,923,588		16,923,588	18,025,059
Goodwill, Impairment Loss		$ 1,100,000	1,101,471
Amortization Of Intangible Assets			$ 871,707	1,185,991
Fair Value, Inputs, Level 3 [Member]
Goodwill and Intangible Assets Disclosure [Line Items]
Fair Value Inputs, Discount Rate	12.00%
Fair Value, Inputs, Level 3 [Member] | Maximum [Member]
Goodwill and Intangible Assets Disclosure [Line Items]
Fair Value Inputs, Long-term Revenue Growth Rate	2.00%
Fair Value, Inputs, Level 3 [Member] | Minimum [Member]
Goodwill and Intangible Assets Disclosure [Line Items]
Fair Value Inputs, Long-term Revenue Growth Rate	0.00%
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
South Dakota Gold
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill				$ 1,100,000

Property and Equipment (Detail)

Property and Equipment (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 21,594,335	$ 20,788,794
Less accumulated depreciation	(7,635,620)	(5,641,733)
Property and equipment, net	$ 13,958,715	15,147,061
Maximum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	30 years
Minimum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	3 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1,556,824	1,439,720
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	20 years
Leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	7 years
Gaming equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 5,300,898	5,247,574
Gaming equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	5 years
Gaming equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	3 years
Furniture and office equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 4,506,639	4,190,901
Furniture and office equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	7 years
Furniture and office equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	3 years
Building and improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 7,762,201	7,440,577
Building and improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	30 years
Building and improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated Service Life in Years	15 years
Land
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 2,387,750	2,387,750
Construction in progress
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 80,023	$ 82,272

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Property, Plant and Equipment [Line Items]
Depreciation	$ 2.1	$ 1.4

Deferred Tax Assets and Liabili

Deferred Tax Assets and Liabilities on Balance Sheet (Detail) - USD ($)	Apr. 30, 2017	Apr. 30, 2016
Income Tax Disclosure [Line Items]
Deferred tax asset	$ 1,557,470	$ 2,348,299

Summary of Our Deferred Tax Ass

Summary of Our Deferred Tax Assets and Liabilities (Detail) - USD ($)	Apr. 30, 2017	Apr. 30, 2016
Deferred tax assets:
Net operating loss carryforwards	$ 345,678	$ 5,284
Tax credit carryforwards	437,896	352,709
Stock options	246,726	237,937
Impairment of notes receivable and land	2,101,288	2,644,330
Revenue not recognized for tax reporting and other	187,770	172,135
Accrued expenses	104,580	198,273
Other	15,396	100,138
Total deferred tax assets	3,439,334	3,710,806
Deferred tax liabilities:
Amortization of intangibles	(1,404,551)	(1,024,020)
Fixed assets	(263,072)	(127,956)
Prepaid expenses	(214,241)	(210,531)
Total deferred tax liabilities	(1,881,864)	(1,362,507)
Net deferred tax assets	$ 1,557,470	$ 2,348,299

Reconciliations Between Statuto

Reconciliations Between Statutory Federal Income Tax Expense Rate (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Income Tax Disclosure [Line Items]
Income tax expense at statutory federal rate	34.00%	34.00%
Impairment of nondeductible goodwill	27.60%	11.30%
Non-deductible expenses	2.80%	2.30%
Utilization of general business credits	(6.30%)	(2.80%)
Adjustment to deferred balances	0.00%	3.00%
Tax return to provision adjustments	0.20%	0.60%
Income tax expense at effective income tax rate	58.30%	48.40%
Income tax expense at statutory federal rate	$ 460,630	$ 857,664
Impairment of nondeductible goodwill	374,500	283,900
Non-deductible expenses	37,933	59,006
Utilization of general business credits	(85,187)	(71,051)
Adjustment to deferred balances	0	76,157
Tax return to provision adjustments	2,953	15,821
Income tax expense at effective income tax rate	$ 790,829	$ 1,221,497

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Income Tax Disclosure [Line Items]
Effective income tax rate reconciliation, at federal statutory income tax rate	34.00%	34.00%
Operating Loss Carry forwards Expiration Year	2,032
Deferred tax assets, alternative minimum tax	$ 0.1
Other Receivables	6.3
Deferred tax assets, general business	$ 0.4

Long-Term Financing Obligations

Long-Term Financing Obligations (Detail) - USD ($)	Apr. 30, 2017	Apr. 30, 2016
Debt Instrument [Line Items]
Less: current portion	$ 0	$ 0
Total long-term financing obligations	12,061,411	16,839,148
Revolving Credit One
Debt Instrument [Line Items]
$23.0 million reducing revolving credit agreement, LIBOR plus an applicable margin (3.49% at April 30, 2017), $625,000 quarterly reductions beginning January 31, 2016 through November 30, 2020, and the remaining $11,057,777 principal due on the maturity date of November 30, 2020.	$ 12,061,411	$ 16,839,148

Long-Term Financing Obligatio51

Long-Term Financing Obligations (Parenthetical) (Detail)	12 Months Ended
	Apr. 30, 2017USD ($)
Debt Instrument [Line Items]
Debt Instrument Maturity Date	Apr. 30, 2019
Long-term Debt | Revolving Credit One
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 23,000,000
Debt Instrument Maturity Date	Nov. 30, 2020
Debt Instrument, Interest Rate, Stated Percentage	3.49%
January 31, 2016 through November 30, 2020 | Long-term Debt | Revolving Credit One
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment	$ 625,000
Maturity date of November 30, 2020 | Long-term Debt | Revolving Credit One
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment	$ 11,057,777

Schedule of Principal Payments

Schedule of Principal Payments on Credit Facility (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Line of Credit Facility [Line Items]
Total payments	$ 12,300,000
Unamortized debt discount	(238,589)
Total long-term debt	12,061,411	$ 16,839,148
May 1, 2017 - April 30, 2018
Line of Credit Facility [Line Items]
Line of credit facility, Annual payment	0
May 1, 2018 - April 30, 2019
Line of Credit Facility [Line Items]
Line of credit facility, Annual payment	0
May 1, 2019 - April 30, 2020
Line of Credit Facility [Line Items]
Line of credit facility, Annual payment	617,223
May 1, 2020 - November 30, 2020
Line of Credit Facility [Line Items]
Line of credit facility, Annual payment	$ 11,682,777

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	Jul. 12, 2017	Jul. 31, 2016	Apr. 30, 2016	Apr. 30, 2017	Apr. 01, 2016	Nov. 30, 2015
Debt Disclosure [Line Items]
Percentage Of Remaining Credit Facility Principal Balance				50.00%
Proceeds from Divestiture of Businesses, Net of Cash Divested, Total		$ 276,054	$ 67,223
Repayments of Debt		$ 276,054
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]
Line of credit facility amount outstanding						$ 23,000,000
Debt Instrument, Interest Rate, Effective Percentage			3.00%	2.50%	4.00%
Line of Credit Facility, Remaining Borrowing Capacity				$ 6,882,777
Proceeds from Long-term Lines of Credit	$ 700,000
through January 31, 2017 | Maximum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio				3
through January 31, 2017 | Minimum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio				1
February 1, 2018 until maturity | Maximum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio				2.50
February 1, 2018 until maturity | Minimum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio				1
February 1, 2017 through January 31, 2018 | Maximum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio				2.75
February 1, 2017 through January 31, 2018 | Minimum
Debt Disclosure [Line Items]
Line Of Credit Facility Total Minimum Leverage Ratio				1
Amended Credit Agreement
Debt Disclosure [Line Items]
Line of credit facility amount outstanding	$ 700,000
Line of Credit Facility, Maximum Borrowing Capacity				$ 6,882,777

Interest Rate Swap - Additional

Interest Rate Swap - Additional Information (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Interest Rate Swap [Line Items]
Derivative, Notional Amount	$ 9,625,000
Derivative, Variable Interest Rate	1.77%
Derivative, Swaption Interest Rate	4.27%
Percentage Of Initial Floating Index	0.99%
Increase Decrease In Interest Rate Swap	$ 250,385
Other Long-term Debt, Total	$ 36,346	$ 286,731

Summary of Stock Grant Activity

Summary of Stock Grant Activity Under our Share-Based Payment Plans (Detail) - $ / shares	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Shares Unvested at beginning of year	12,600	0
Shares Issued	51,774	42,185
Shares Vested	(43,974)	(29,585)
Shares Forfeited	0	0
Shares Unvested at end of year	20,400	12,600
Weighted Average Grant Date Value (per share), Unvested at beginning of year	$ 1.69
Weighted Average Grant Date Value (per share), Issued	1.86	$ 1.69
Weighted Average Grant Date Value (per share), Vested	1.75	1.69
Weighted Average Grant Date Value (per share), Forfeited
Weighted Average Grant Date Value (per share), Unvested at end of year	$ 1.98	$ 1.69

Summary of Activity under Share

Summary of Activity under Share-Based Payment Plans (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Options
Outstanding	705,000	895,000
Granted	0	0
Exercised	(11,500)	(190,000)
Forfeited or expired	0	0
Outstanding	693,500	705,000
Exercisable	693,500	605,000
Available for grant	591,041
Weighted Average Exercise Price
Outstanding	$ 1.08	$ 1.08
Granted	0	0
Exercised	1.41	1.03
Forfeited or expired	0	0
Outstanding	1.10	1.08
Exercisable	$ 1.10	$ 1.08
Weighted Average Remaining Contractual Term (Year)
Outstanding	5 years 3 months 4 days	6 years 3 months
Exercisable	5 years 3 months 4 days	5 years 10 months 24 days
Aggregate Intrinsic Value
Outstanding	$ 779,300	$ 668,800
Exercisable	$ 779,300	$ 586,800

Equity Transactions and Stock57

Equity Transactions and Stock Option Plans - Additional Information (Detail) - USD ($)	Jul. 12, 2017	Oct. 11, 2010	Apr. 30, 2017	Oct. 31, 2016	Jul. 31, 2016	Oct. 31, 2015	Jan. 31, 2017	Apr. 30, 2017	Apr. 30, 2016	Apr. 14, 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation, Total								$ 124,279	$ 164,698
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross								51,774	42,185
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition								2 years 6 months
Payments for Repurchase of Common Stock					$ 2,000,000
Treasury Stock, Shares, Acquired							296,665
Treasury Stock Acquired, Average Cost Per Share							$ 1.89
Treasury stock purchased							$ 573,474	$ 561,606
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			$ 35,326					$ 35,326
Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury Stock, Shares, Acquired	755,644
Treasury Stock Acquired, Average Cost Per Share	$ 2.15
Stock Repurchase Program, Authorized Amount	$ 2,000,000
Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation, Total				$ 10,000		$ 10,000
Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			12,000			12,600
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period						3 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
2009 Plan | Stock option rights granted prior to fiscal year 2006 | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options terms								5 years
2009 Plan | Stock option rights granted prior to fiscal year 2006 | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options terms								10 years
2010 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of reserved for issuance under stock plan		500,000
Stock options terms		5 years
Employee stock purchase, purchase price as percentage of fair market value		90.00%
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date		Jan. 1, 2016

Stock Offering and Warrants - A

Stock Offering and Warrants - Additional Information (Detail)	May 07, 2017shares	Nov. 07, 2011USD ($)$ / sharesshares
Stockholders Equity [Line Items]
Sale of common stock shares | shares		2,625,652
Sale of common stock shares, price per share | $ / shares		$ 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 | $ / shares		$ 2.18
Subsequent Event [Member]
Stockholders Equity [Line Items]
Stock Issued During Period, Shares, Conversion of Convertible Securities | shares	36,689
Class Of Warrant Or Right, Expiration Date	May 7, 2017
South Dakota Gold
Stockholders Equity [Line Items]
Stock Purchase Agreement to purchase all of the shares of South Dakota Gold		$ 5,100,000

Expected Remaining Future Rolli

Expected Remaining Future Rolling Twelve Months Minimum Lease Payments (Detail)	Apr. 30, 2017USD ($)
Schedule of Operating Leases [Line Items]
2,018	$ 3,147,882
2,019	3,133,416
2,020	2,431,304
2,021	2,378,132
2,022	1,588,148
Thereafter	30,549
Total	$ 12,709,431

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Commitments and Contingencies [Line Items]
Operating Leases, Rent Expense	$ 3,404,302	$ 3,361,606

Reconciliation of Numerators an

Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share Computations (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Basic and diluted:
Net income	$ 563,964	$ 1,301,046
Denominator:
Basic weighted average number of common shares outstanding	17,688,229	17,002,728
Diluted weighted average number of common shares outstanding	17,990,524	17,298,373
Income per share for continuing operations:
Net income per common share - basic and diluted	$ 0.03	$ 0.08

Segment Reporting (Detail)

Segment Reporting (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Washington
Segment Reporting Information [Line Items]
Net revenue	$ 54,427,258	$ 56,741,215
Casino and food and beverage expense	28,797,652	29,275,121
Marketing and administrative and corporate expense	16,680,236	16,399,648
Facility and other expenses	1,959,091	2,010,446
Depreciation and amortization	951,960	1,374,111
Operating income (loss)	6,031,378	7,844,131
Assets	28,303,228	29,223,770
Purchase of property and equipment	344,963	458,304
South Dakota
Segment Reporting Information [Line Items]
Net revenue	6,728,808	7,482,666
Casino and food and beverage expense	5,980,534	6,509,075
Marketing and administrative and corporate expense	458,629	465,848
Facility and other expenses	126,706	133,718
Depreciation and amortization	552,373	618,260
Operating income (loss)	(1,502,353)	(1,088,366)
Assets	1,751,461	3,247,015
Purchase of property and equipment	37,474	152,108
Nevada
Segment Reporting Information [Line Items]
Net revenue	13,470,883	6,010,475
Casino and food and beverage expense	7,821,261	3,309,067
Marketing and administrative and corporate expense	3,781,238	1,749,766
Facility and other expenses	331,713	119,637
Depreciation and amortization	1,491,521	603,935
Operating income (loss)	(13,645)	233,370
Assets	17,337,408	17,860,387
Purchase of property and equipment	606,672	43,667
Corporate
Segment Reporting Information [Line Items]
Net revenue	0	0
Casino and food and beverage expense	0	0
Marketing and administrative and corporate expense	2,719,003	3,258,187
Facility and other expenses	0	0
Depreciation and amortization	25,426	12,310
Operating income (loss)	(2,744,429)	(3,620,497)
Assets	5,425,416	7,427,528
Purchase of property and equipment	55,188	20,716
Totals
Segment Reporting Information [Line Items]
Net revenue	74,626,949	70,234,356
Casino and food and beverage expense	42,599,447	39,093,263
Marketing and administrative and corporate expense	23,639,106	21,873,449
Facility and other expenses	2,417,510	2,263,801
Depreciation and amortization	3,021,280	2,608,616
Operating income (loss)	1,770,951	3,368,638
Assets	52,817,513	57,758,700
Purchase of property and equipment	$ 1,044,297	$ 674,795

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Related Party Transaction [Line Items]
Payments For Ground Lease Agreement	$ 10,200	$ 4,250
Payments For Consulting Agreement	$ 200,715	$ 85,322

Preliminary Allocation of the P

Preliminary Allocation of the Purchase Price to the Estimated Fair Values of the Assets Acquired and Liabilities Assumed (Detail) - Club Fortune Casino $ in Millions	Apr. 30, 2017USD ($)
Building	$ 5.8
Equipment	3.9
Land	2.1
Land improvements	0.2
Goodwill	2.8
Working capital	0.8	[1]
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net, Total	17.2
Customer relationships
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	0.8
Tradename
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	0.7
Non-compete agreement
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 0.1
[1]	Working capital includes $1.5 million of cash acquired.

Unaudited Pro Forma Data (Detai

Unaudited Pro Forma Data (Detail) - Club Fortune Casino [Member]	12 Months Ended
	Apr. 30, 2016USD ($)
Net revenues	$ 79,084,320
Net income	$ 1,271,202

Acquisition of Club Fortune C66

Acquisition of Club Fortune Casino - Additional Information (Detail) - USD ($)	1 Months Ended
	Dec. 01, 2015	Apr. 30, 2017	Apr. 30, 2016
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Assets, Total	$ 14,159,623
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	1,190,476
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 16,362,004
Business Acquisition, Transaction Costs			$ 600,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		$ 1,500,000