Full House Resorts (FLL) 10-Q 14 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	12-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	FULL HOUSE RESORTS INC
Entity Central Index Key	891482
Trading Symbol	fll
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		18,876,681
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenues
Casino	$26,354	$27,481
Food and beverage	5,849	5,024
Hotel	1,279	1,195
Management fees		494
Other operations	638	611
Gross revenues	34,120	34,805
Less promotional allowances	-5,036	-4,356
Net revenues	29,084	30,449
Operating costs and expenses
Casino	13,732	14,461
Food and beverage	2,100	2,099
Hotel	120	108
Other operations	268	228
Selling, general and administrative	10,844	11,133
Preopening and other	42	56
Depreciation and amortization	1,992	2,455
Total operating costs and expenses	29,098	30,540
Operating loss	-14	-91
Other (expense) income
Interest expense, net of $0.2 million and $0.08 million, capitalized	-1,525	-1,517
Other	12
Total Other (expense) income	-1,513	-1,517
Loss before income taxes	-1,527	-1,608
Provision (benefit) for income taxes	228	-526
Net loss	($1,755)	($1,082)
Basic and diluted loss per share (in dollars per share)	($0.09)	($0.06)
Basic and diluted weighted average number of common shares outstanding (in shares)	18,876,681	18,870,681

CONSOLIDATED_STATEMENTS_OF_OPE1

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Parentheticals) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Consolidated Statements Of Operations [Abstract]
Capitalized interest	$0.20	$0.08

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets
Cash and equivalents	$14,337	$15,639
Accounts receivable, net of allowance for doubtful accounts of $341 and $513	1,316	1,573
Income tax receivable		3,095
Prepaid expenses	2,951	2,105
Other	649	728
Total current assets	19,253	23,140
Property and equipment, net	98,141	95,040
Other long-term assets
Goodwill	16,480	16,480
Intangible assets, net of accumulated amortization of $6,695 and $6,195	2,818	3,382
Deposits	393	178
Loan fees, net of accumulated amortization of $4,231 and $3,827	2,271	2,650
Deferred tax asset	74	74
Total other long-term assets	22,036	22,764
Total assets	139,430	140,944
Current liabilities
Accounts payable	4,092	4,102
Construction contracts payable	1,280	1,638
Accrued player club points and progressive jackpots	1,932	1,709
Accrued payroll and related	2,402	3,743
Other accrued expenses	2,895	3,704
Deferred tax liability	901	901
Current portion of capital lease obligation	679	690
Current portion of long-term debt	3,059	1,337
Total current liabilities	17,240	17,824
Long-term debt, net of current portion	60,033	59,294
Deferred tax liability	327	99
Capital lease obligation, net of current portion	6,051	6,230
Total liabilities	83,651	83,447
Commitments and contingencies (Note 10)
Stockholders' equity
Common stock, $0.0001 par value, 100,000,000 shares authorized; 20,233,276 shares issued; 18,876,681 shares outstanding	2	2
Additional paid-in capital	45,915	45,878
Treasury stock, 1,356,595 common shares	-1,654	-1,654
Retained earnings	11,516	13,271
Total stockholders' equity	55,779	57,497
Total liabilities and stockholders' equity	$139,430	$140,944

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts	$341	$513
Accumulated amortization of intangible assets	6,695	6,195
Accumulated amortization of loan fees	$4,231	$3,827
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	20,233,276	20,233,276
Common stock, shares outstanding	18,876,681	18,876,681
Treasury stock, common shares	1,356,595	1,356,595

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (USD $)	Common stock	Additional paid-in capital	Treasury stock	Retained Earnings	Total
In Thousands, unless otherwise specified
Beginning balances at Dec. 31, 2014	$2	$45,878	($1,654)	$13,271	$57,497
Beginning balances (in shares) at Dec. 31, 2014	20,233		1,357
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		37			37
Net loss				-1,755	-1,755
Ending balances at Mar. 31, 2015	$2	$45,915	($1,654)	$11,516	$55,779
Ending balances (in shares) at Mar. 31, 2015	20,233		1,357

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net loss	($1,755)	($1,082)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	1,492	1,814
Amortization of loan fees	404	370
Amortization of player loyalty program, land lease and water rights	500	641
Loss on disposals		1
Stock-based compensation	37	79
Increases and decreases in operating assets and liabilities:
Accounts receivable, net	257	134
Income tax receivable	3,095	1,970
Prepaid expenses	-846	-440
Other assets	162	-9
Deferred tax	228
Accounts payable and accrued expenses	-1,988	-1,664
Net cash provided by operating activities	1,586	1,814
Cash flows from investing activities:
Purchase of property and equipment, net of construction contracts payable	-4,900	-2,019
Deposits	-234	-1,964
Other		-10
Net cash used in investing activities	-5,134	-3,993
Cash flows from financing activities:
First Term loan borrowings	4,461
Revolving loan (repayment)/borrowings	-2,000	2,000
Repayment of long-term debt on capital lease obligation	-190	-237
Other	-25	-1
Net cash provided by financing activities	2,246	1,762
Net decrease in cash and equivalents	-1,302	-417
Cash and equivalents, beginning of period	15,639	14,936
Cash and equivalents, end of period	14,337	14,519
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	1,113	1,212
Cash received from income tax refunds, net of cash paid of $0.05 million for income taxes in 2014	-3,095	-1,915
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accrued property and equipment capital expenditures	$1,331	$648

CONSOLIDATED_STATEMENTS_OF_CAS1

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Parentheticals) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Statement of Cash Flows [Abstract]
Cash paid for income taxes	$0.05

ORGANIZATION

ORGANIZATION	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
ORGANIZATION	1	ORGANIZATION
	Organization. Formed as a Delaware corporation in 1987, Full House Resorts, Inc., owns, operates, develops, manages, and/or invests in casinos and related hospitality and entertainment facilities. References in this document to “Full House,” the “Company”, “we”, “our,” or “us” refer to Full House Resorts, Inc. and its subsidiaries, except where stated or the context otherwise indicates.
	We currently own three casino properties and operate a fourth casino subject to a lease, as follows:
	Property		Acquisition	Location
			Date
	Silver Slipper Casino (Owned)		2012	Bay St. Louis, MS (near New Orleans)
	Rising Star Casino Resort (Owned)		2011	Rising Sun, IN (near Cincinnati)
	Stockman’s Casino (Owned)		2007	Fallon, NV (one hour east of Reno)
	Grand Lodge Casino (leased and part of the Hyatt Regency Lake Tahoe Resort)		2011	Incline Village, NV (North Shore of Lake Tahoe)

BASIS_OF_PRESENTATION_AND_SIGN

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	2	BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation. As permitted by the rules and regulations of the Securities and Exchange Commission, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted. These consolidated financial statements should be read in conjunction with the Company’s 2014 annual consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.
	The interim consolidated financial statements of the Company and its subsidiaries included herein reflect all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary to present fairly the financial position and results of operations for the interim periods presented. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the entire year.
	The consolidated financial statements include our accounts and the accounts of our wholly-owned subsidiaries. All material intercompany accounts and transactions have been eliminated. Certain minor reclassifications have been made to prior-period amounts to conform to the current period presentation. These reclassifications had no effect on the previously reported net loss.
	Preopening expenses. Preopening expenses are expensed as incurred and include payroll, outside services, advertising, and other expenses related to new or start-up operations.
	Recently issued accounting standards. Recently issued authoritative standards issued after January 1, 2015 have been reviewed. The new guidance currently is not expected to have a material impact on our financial statements.

INCOME_TAX_RECEIVABLE

INCOME TAX RECEIVABLE	3 Months Ended
	Mar. 31, 2015
Income Tax Receivable [Abstract]
INCOME TAX RECEIVABLE	3	INCOME TAX RECEIVABLE
	In March 2015, we received a $3.1 million refund related to tax losses incurred during 2014 which we elected to carryback to taxable income earned during 2012.

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	4	PROPERTY AND EQUIPMENT
	Property and equipment, including capital lease assets, consisted of the following (in thousands):
			31-Mar-15			31-Dec-14
			(Unaudited)
	Land and improvements		$	11,670		$	11,670
	Buildings and improvements			73,997			73,997
	Furniture and equipment			28,097			27,951
	Construction in progress			15,712			11,264
				129,476			124,882
	Less accumulated depreciation			(31,335	)		(29,842	)
			$	98,141		$	95,040
	Construction in progress amounts primarily related to construction of the hotel at Silver Slipper Casino, and included capitalized interest of $0.6 million and $0.4 million for in-progress projects at March 31, 2015 and December 31, 2014, respectively.

ACCRUED_LIABILITIES

ACCRUED LIABILITIES	3 Months Ended
	Mar. 31, 2015
Accrued Liabilities, Current [Abstract]
ACCRUED LIABILITIES	5	ACCRUED LIABILITIES
	Other accrued expenses consisted of the following (in thousands):
			March 31, 2015 (Unaudited)		31-Dec-14
	Real estate and personal property taxes		$	979	$	1,172
	Gaming taxes			206		294
	Other taxes			468		495
	Gaming related accruals			400		490
	Other			842		1,253
			$	2,895	$	3,704

GOODWILL_OTHER_INTANGIBLES

GOODWILL & OTHER INTANGIBLES	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL & OTHER INTANGIBLES	6	GOODWILL AND OTHER INTANGIBLES
	At least annually during the fourth quarter or more frequently when there is a material change in circumstances that could have a negative effect, the Company performs an assessment of its goodwill and other indefinite-lived intangible assets to determine if the carrying value of such assets exceeds the fair value. No change in circumstances that would trigger an evaluation were observed during the three months ended March 31, 2015 or subsequently, and no impairment charges were recorded during the March 31, 2015 and 2014 quarters. We evaluate these assets using the market (comparable transactions) and income (discounted cash flow) approaches to value, both of which use Level 3 inputs as defined by GAAP.
	We amortize our definite-lived intangible assets, including our player loyalty programs, loan fees, land leases and water rights, over their estimated useful lives. For the three months ended March 31, 2015, the aggregate amortization expense was $0.9 million, which includes $0.4 million for loan fees. For the three months ended March 31, 2014, such amount was $1.0 million, including $0.4 million for loan fees. Loan fees are amortized to interest expense.

CAPITAL_LEASE

CAPITAL LEASE	3 Months Ended
	Mar. 31, 2015
Leases, Capital [Abstract]
CAPITAL LEASE	7	CAPITAL LEASE
	Our Indiana subsidiary, Gaming Entertainment (Indiana) LLC, leases a 104-room hotel at Rising Star Casino Resort pursuant to a capital lease agreement (the “Rising Star Lease Agreement”) with Rising Sun/Ohio County First, Inc., an Indiana non-profit corporation (the “Landlord”) for $77,537 per month and an annual interest rate varying between 2.5% and 4.5% during the term of the lease. The Rising Star Lease Agreement is not guaranteed by the parent company or any subsidiary other than Gaming Entertainment (Indiana), LLC. The term is for 10 years with the Landlord having a right to sell the hotel to us at the end of the term for $1 plus closing costs on the terms set forth in the Rising Star Lease Agreement. During the term, we also have the exclusive option to purchase the hotel at any time at a price based upon the project’s actual cost of $7.7 million, reduced by the cumulative principal payments made by the Company during the lease term. Upon expiration of the term of the lease, if we have not exercised our option to purchase the hotel tower, we have the option to purchase the hotel for $1 plus closing costs. In the event of a default on the lease agreement, the Landlord’s recourse allows for them to take possession of the property; collection of rents as defined; the right to seek remediation for any attorneys’ fees and litigation expenses; and the costs of retaking and re-leasing the property.

LONGTERM_DEBT

LONG-TERM DEBT	3 Months Ended
	Mar. 31, 2015
Long-Term Debt [Abstract]
LONG-TERM DEBT	8	LONG-TERM DEBT
	Long-term debt consisted of the following (in thousands):
			31-Mar-15			31-Dec-14
			(Unaudited)
	Long-term debt, net of current portion:
	First Term Loan, maturing June 29, 2016, quarterly payments of $0.25 million beginning June 1, 2015; quarterly payments of $1.25 million beginning October 1, 2015; interest payable monthly at a variable rate which averaged 4.75% for both periods presented		$	43,092		$	38,631
	Revolving Loan, maturing June 29, 2016, interest payable monthly at a variable rate which averaged 4.75% for both periods presented			--			2,000
	Second Term Loan, maturing April 1, 2017, interest payable monthly at 14.25% per annum (13.25% prior to July 18, 2014)			20,000			20,000
	Less current portion			(3,059	)		(1,337	)
			$	60,033		$	59,294
	First and Second Lien Credit Facilities. The First Lien Credit Facility, including the Revolving Loan, and Second Lien Credit Facility are secured by substantially all of our assets, and our wholly owned subsidiaries guarantee our obligations under the agreements. As of March 31, 2015, we had drawn $5.6 million of the $10 million term loan under the First Lien Credit Facility. The remaining $4.4 million of funding availability under the term loan will be used to fund a portion of the construction costs of the 129-room hotel addition to the Silver Slipper Casino, which is scheduled to open in phases during the second quarter of 2015.
	During March 2015, we paid down $2.0 million previously drawn on our $5.0 million Revolving Loan under the First Lien Credit Facility.
	We have elected to pay interest on the First Lien Credit Facility based on the greater of the elected London Interbank Offered Rate (“LIBOR”) rate or 1.0%, plus a margin rate. As of March 31, 2015, the interest rate was 4.75% on the balance outstanding on the First Lien Credit Facility, based on the 1.0% minimum plus a 3.75% margin.
	The First and Second Lien Credit Facilities contain customary covenants, including a maximum total leverage ratio, maximum first lien leverage ratio, and a fixed charge coverage ratio, as indicated in the tables below:
	First Lien Credit Facility
			Maximum			Maximum			Minimum
			Total Leverage			First Lien Leverage Ratio			Fixed Charge Coverage Ratio
	Applicable Period		Ratio
	June 30, 2014 through and including September 29, 2014			4.75	x		3.5	x		1.1	x
	September 30, 2014 through and including December 30, 2014			5.5	x		3.5	x		1.1	x
	December 31, 2014 through and including June 29, 2015			5.5	x		4	x		1.1	x
	June 30, 2015 through and including September 29, 2015			4.75	x		3.5	x		1.1	x
	September 30, 2015 through and including December 30, 2015			4.5	x		3.25	x		1.1	x
	December 31, 2015 through and including March 30, 2016			4.25	x		3	x		1.1	x
	March 31, 2016 and thereafter			4.25	x		3	x		1.1	x
	Second Lien Credit Facility
			Maximum			Maximum			Minimum
			Total Leverage			First Lien Leverage Ratio			Fixed Charge Coverage Ratio
	Applicable Period		Ratio
	June 30, 2014 through and including September 29, 2014			5	x		3.75	x		1	x
	September 30, 2014 through and including December 30, 2014			5.75	x		3.75	x		1	x
	December 31, 2014 through and including March 30, 2015			5.75	x		4.25	x		1	x
	March 31, 2015 through and including June 29, 2015			5.75	x		4.25	x		1	x
	June 30, 2015 through and including September 29, 2015			5	x		3.75	x		1	x
	September 30, 2015 through and including December 30, 2015			4.75	x		3.5	x		1	x
	December 31, 2015 through and including March 30, 2016			4.5	x		3.25	x		1	x
	March 31, 2016 and thereafter			4.5	x		3.25	x		1	x
	We were in compliance with our covenants as of March 31, 2015. There can be no assurances that we will remain in compliance with all covenants in all future periods and that, if there is a breach, lenders will waive such breach.

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	9	INCOME TAXES
	We had a provision for income taxes in the first quarter of 2015 despite incurring a pre-tax loss. This was due to the effects of the valuation allowance against our deferred tax assets and the recording of a deferred tax expense on the tax amortization of indefinite-lived intangible assets. Our effective income tax rate for continuing operations for the three months ended March 31, 2015 was -14.9%, or an expense of $0.2 million, as compared to an effective tax rate of 32.7%, or a benefit of $0.5 million, for the corresponding prior-year period. In the prior-year period, we recorded a benefit against a pre-tax loss. Subsequently, in the fourth quarter of 2014, we created a valuation reserve against our deferred tax assets due to the uncertainty that such benefits would be realized. We continued the practice of recording a valuation reserve against our deferred tax assets during the first quarter of 2015.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	10	COMMITMENTS AND CONTINGENCIES
	Operating leases
	The nature of our operating leases are as follows:
	Leased Property		Term / Expiration
	Grand Lodge Casino facility		7 years/August 2018
	Land lease of Silver Slipper Casino site		54 years/April 2058
	Additionally, we have less significant operating leases for certain office and warehouse facilities, office equipment, signage and land.
	The total rent expense for all operating leases for the quarters ended March 31, 2015 and 2014 was $0.9 million.
	Grand Lodge Casino Lease. In 2011, we entered into a lease with Hyatt Equities L.L.C. to operate the Grand Lodge Casino (“Grand Lodge Lease”). The Grand Lodge Lease is secured by the Company’s interests under the lease and property as defined and is subordinate to the liens in the First and Second Lien Credit Facilities. Hyatt Equities, L.L.C. has an option to purchase our leasehold interest and related operating assets of the Grand Lodge Casino subject to assumption of applicable liabilities. The option price is an amount equal to the Grand Lodge Casino’s positive working capital, plus Grand Lodge Casino’s earnings before interest, income taxes, depreciation and amortization (“EBITDA”) for the twelve-month period preceding the acquisition or for such period of time remaining on the lease term, whichever is less, plus the fair market value of the Grand Lodge Casino’s personal property. The Grand Lodge Lease was amended in 2013 to extend the initial term to August 31, 2018 among certain other conforming changes.
	Options to Purchase Silver Slipper Casino Leased Land. In 2004, our subsidiary, Silver Slipper Casino Venture, LLC, entered into a land lease with Cure Land Company, LLC for approximately 31 acres of marshlands and a seven-acre parcel on which the Silver Slipper Casino is situated. The lease includes base monthly payments of $77,500 plus 3% of gross gaming revenue in excess of $3.65 million, as defined. The land lease includes an exclusive option to purchase the leased land (“Purchase Option”) after February 26, 2019 through October 1, 2027, as well as an option to purchase only a four-acre portion of the leased land for $2.0 million, which may be exercised at any time in conjunction with the development of a hotel. If there is no change in ownership, the purchase price of the leased land will be $15.5 million ($13.5 million if the four-acre parcel has been previously purchased) plus a retained interest in Silver Slipper Casino operations of 3% of net income as defined. In the event that we sell or transfer substantially all of the assets of our ownership in Silver Slipper Casino, then the purchase price will increase to $17.1 million. The current term of the land lease is through April 30, 2058.
	Silver Slipper Casino Hotel Construction
	On August 26, 2013, the Silver Slipper Casino entered into an agreement for the construction of a 129-room hotel adjoining the casino. We expect costs related to the construction of the hotel to be approximately $20 million, inclusive of capitalized interest. We intend to finance $10 million of the construction costs with proceeds from the term loan under the First Lien Credit Facility as described in Note 8. The remaining construction and related costs will be funded from available working capital. As of March 31, 2015, we had funded $8.5 million of hotel construction costs in cash, and anticipate funding an additional $1.6 million in cash to complete the project, including capitalized interest. We expect to complete and open the hotel in phases during the second quarter of 2015.
	Indiana Department of Revenue
	During 2014, we received a proposed assessment of $1.6 million, including interest and penalties, from the Indiana Department of Revenue (“IDOR”) related to unpaid sales and use taxes for periods prior to 2013. We protested and resolved the proposed assessment after March 31, 2015 for an amount that approximated our estimate. See Note 13 for additional information regarding the resolution of this issue.
	Legal Matters
	We are party to a number of pending legal proceedings which occurred in the normal course of business. Management does not expect that the outcome of such proceedings, either individually or in the aggregate, will have a material effect on our financial position, cash flows or results of operations.

SHAREBASED_BENEFIT_PLANS

SHARE-BASED BENEFIT PLANS	3 Months Ended
	Mar. 31, 2015
Share-Based Compensation [Abstract]
SHARE-BASED BENEFIT PLANS	11	SHARE-BASED BENEFIT PLANS
	Compensation Cost. We recognized stock compensation expense of $37,000 for the three months ended March 31, 2015 compared to $78,000 during the prior-year period. Share-based compensation expense is included in selling, general and administrative expense. As of March 31, 2015, there was approximately $0.6 million of total unrecognized compensation cost related to unvested stock options granted by the Company. This unrecognized compensation cost is expected to be recognized over a weighted-average period of 3.8 years.
	Stock Options. The following table summarizes information related to our common stock options, all of which remain unvested as of March 31, 2015. The Company filed a registration statement on SEC Form S-8 on March 26, 2015 to register the shares issuable upon exercise of the nonqualified stock options.
			Number		Weighted
			of Stock		Average
			Options		Exercise Price
	Options outstanding at January 1, 2015			943,834	$	1.25
	Granted			300,000	$	1.37
	Exercised			--		--
	Canceled/Forfeited			--		--
	Options outstanding at March 31, 2015			1,243,834	$	1.28
	Options exercisable at March 31, 2015			--	$	1.28
	On January 30, 2015, we entered into an employment agreement with Lewis Fanger to serve as the Company’s Senior Vice President, Chief Financial Officer and Treasurer. In connection with entering into the employment agreement, Mr. Fanger was granted, outside of the 2006 Plan and qualifying as inducement options, nonqualified stock options covering 300,000 shares of Company common stock with an exercise price of $1.37, the closing price per share on the grant date. The stock options will vest with respect to 25% of the shares on January 30, 2016 and will continue to vest with respect to an additional 1/48th of the shares on each monthly anniversary thereafter, subject to Mr. Fanger’s continued service through the applicable vesting date. The stock options will vest in full on a change in control of the Company.
	The aggregate intrinsic value of options outstanding was $0.3 million at March 31, 2015, none of which were exercisable. The aggregate intrinsic value represents the total pre-tax intrinsic value that would have been realized by the option holders had all option holders exercised their options on the applicable date. The intrinsic value of a stock option is the excess of our closing stock price on that date over the exercise price, multiplied by the number of in-the-money options.
	We estimated the fair value of each stock option award on the grant date using the Black-Scholes valuation model. Option valuation models require the input of highly subjective assumptions. Changes in assumptions used can materially affect the fair value estimate. Option valuation assumptions for Mr. Fanger’s options granted during the three months ended March 31, 2015 were as follows:
	Vesting commencement date:		30-Jan-16
	Expected volatility:		60%
	Expected dividend yield:		0%
	Expected life (in years):		3 years
	Weighted average risk free rate:		0.88%
	Restricted Stock. There are 11,000 shares of common stock available for future issuance under the Company’s Amended and Restated 2006 Incentive Compensation Plan (the “2006 Plan”), which expires on January 1, 2016. All previously issued shares have vested. See Note 13 for additional information.

SEGMENT_REPORTING

SEGMENT REPORTING	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
SEGMENT REPORTING	12	SEGMENT REPORTING
	The following tables reflect selected information for our reporting segments for the three months ended March 31, 2015 and 2014. The casino/resort segments include the Silver Slipper Casino in Bay St. Louis, Mississippi; the Rising Star Casino Resort in Rising Sun, Indiana; and the Northern Nevada segment, which consists of the Grand Lodge Casino in Incline Village, Nevada and Stockman’s Casino in Fallon, Nevada. The Development/Management segment includes costs associated with casino development and management projects, including our management contract with the Pueblo of Pojoaque that expired in September 2014.
	Selected statement of operations data for the three months ended March 31 (in thousands):
	Three Months Ended
	31-Mar-15
			Casino/Resort Operations
			Northern		Rising Star			Silver Slipper		Development/			Corporate			Consolidated
			Nevada		Casino Resort			Casino		Management
	Revenues, net		$	4,245	$	11,115		$	13,724	$	--		$	--		$	29,084
	Selling, general and administrative			1,501		3,896			4,283		--			1,164			10,844
	Depreciation and amortization			200		688			1,100		--			4			1,992
	Operating income (loss)			83		(483	)		1,558		(4	)		(1,168	)		(14	)
	Interest expense, net of amounts capitalized			--		42			5		--			1,478			1,525
	Net income (loss)			81		(516	)		1,334		(4	)		(2,650	)		(1,755	)
	Three Months Ended
	31-Mar-14
			Casino/Resort Operations
			Northern		Rising Star			Silver Slipper		Development/			Corporate			Consolidated
			Nevada		Casino Resort			Casino		Management
	Revenues, net		$	4,387	$	13,248		$	12,320	$	494		$	--		$	30,449
	Selling, general and administrative			1,448		4,387			4,126		--			1,172			11,133
	Depreciation and amortization			217		847			1,386		--			5			2,455
	Operating income (loss)			148		(250	)		750		438			(1,177	)		(91	)
	Interest expense, net of amounts capitalized			--		48			--		--			1,469			1,517
	Net income (loss)			97		(248	)		495		320			(1,746	)		(1,082	)
	Selected balance sheet data as of March 31, 2015 and December 31, 2014 (in thousands):
	31-Mar-15
			Casino/Resort Operations
			Northern		Rising Star			Silver Slipper		Development/			Corporate			Consolidated
			Nevada		Casino Resort			Casino		Management
	Total assets		$	10,767	$	38,083		$	80,698	$	--		$	9,882		$	139,430
	Property, equipment and capital lease, net			6,483		33,129			58,498		--			31			98,141
	Goodwill			1,809		--			14,671		--			--			16,480
	Liabilities			1,662		11,604			4,105		--			66,280			83,651
	31-Dec-14
			Casino/Resort Operations
			Northern		Rising Star			Silver Slipper		Development/			Corporate			Consolidated
			Nevada		Casino Resort			Casino		Management
	Total assets		$	12,471	$	39,101		$	76,898	$	--		$	12,474		$	140,944
	Property, equipment and capital lease, net			6,656		33,801			54,548		--			35			95,040
	Goodwill			1,809		--			14,671		--			--			16,480
	Liabilities			1,970		11,543			4,182		--			65,752			83,447

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	13	SUBSEQUENT EVENTS
	Indiana Department of Revenue (IDOR). In April 2015, we agreed to withdrawal our formal protest with the IDOR and accept the IDOR’s revised audit findings and proposed assessment relating to unpaid sales and use taxes for periods prior to 2013. The assessment payment totaled $237,000, including interest and penalties, and was remitted in April 2015.
	Revolving Loan. On April 1, 2015 we borrowed $2.0 million under our $5.0 million Revolving Loan under the First Lien Credit Facility.
	Equity Incentive Plan. On March 31, 2015, our Board adopted the Full House Resorts, Inc. 2015 Equity Incentive Plan (the “2015 Plan”), subject to and effective upon stockholder approval. On May 5, 2015, the 2015 Plan became effective and the 2006 Plan was terminated. The 2015 Plan includes shares reserved for issuance of up to 1,400,000 new shares to directors, employees and consultants, and 1,243,834 shares issuable in respect to non-qualified stock options granted to Mr. Lee and to Mr. Fanger in connection with their employment. The 2015 Plan includes a variety of forms of awards, including stock options, stock appreciation rights, restricted stock, restricted stock units, dividend equivalents and performance-based compensation.

BASIS_OF_PRESENTATION_AND_SIGN1

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation. As permitted by the rules and regulations of the Securities and Exchange Commission, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted. These consolidated financial statements should be read in conjunction with the Company’s 2014 annual consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.
	The interim consolidated financial statements of the Company and its subsidiaries included herein reflect all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary to present fairly the financial position and results of operations for the interim periods presented. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the entire year.
	The consolidated financial statements include our accounts and the accounts of our wholly-owned subsidiaries. All material intercompany accounts and transactions have been eliminated. Certain minor reclassifications have been made to prior-period amounts to conform to the current period presentation. These reclassifications had no effect on the previously reported net loss.
Preopening expenses	Preopening expenses. Preopening expenses are expensed as incurred and include payroll, outside services, advertising, and other expenses related to new or start-up operations.
Recently issued accounting standards	Recently issued accounting standards. Recently issued authoritative standards issued after January 1, 2015 have been reviewed. The new guidance currently is not expected to have a material impact on our financial statements.

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of property and equipment		31-Mar-15			31-Dec-14
		(Unaudited)
	Land and improvements	$	11,670		$	11,670
	Buildings and improvements		73,997			73,997
	Furniture and equipment		28,097			27,951
	Construction in progress		15,712			11,264
			129,476			124,882
	Less accumulated depreciation		(31,335	)		(29,842	)
		$	98,141		$	95,040

ACCRUED_LIABILITIES_Tables

ACCRUED LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2015
Accrued Liabilities, Current [Abstract]
Schedule of other accrued expenses		March 31, 2015 (Unaudited)		31-Dec-14
	Real estate and personal property taxes	$	979	$	1,172
	Gaming taxes		206		294
	Other taxes		468		495
	Gaming related accruals		400		490
	Other		842		1,253
		$	2,895	$	3,704

LONGTERM_DEBT_Tables

LONG-TERM DEBT (Tables)	3 Months Ended
	Mar. 31, 2015
Long-Term Debt [Abstract]
Schedule of long-term debt, net of current portion		31-Mar-15			31-Dec-14
		(Unaudited)
	Long-term debt, net of current portion:
	First Term Loan, maturing June 29, 2016, quarterly payments of $0.25 million beginning June 1, 2015; quarterly payments of $1.25 million beginning October 1, 2015; interest payable monthly at a variable rate which averaged 4.75% for both periods presented	$	43,092		$	38,631
	Revolving Loan, maturing June 29, 2016, interest payable monthly at a variable rate which averaged 4.75% for both periods presented		--			2,000
	Second Term Loan, maturing April 1, 2017, interest payable monthly at 14.25% per annum (13.25% prior to July 18, 2014)		20,000			20,000
	Less current portion		(3,059	)		(1,337	)
		$	60,033		$	59,294
Schedule of first and second lien leverage ratio and fixed charge coverage ratio	First Lien Credit Facility
		Maximum			Maximum			Minimum
		Total Leverage			First Lien Leverage Ratio			Fixed Charge Coverage Ratio
	Applicable Period	Ratio
	June 30, 2014 through and including September 29, 2014		4.75	x		3.5	x		1.1	x
	September 30, 2014 through and including December 30, 2014		5.5	x		3.5	x		1.1	x
	December 31, 2014 through and including June 29, 2015		5.5	x		4	x		1.1	x
	June 30, 2015 through and including September 29, 2015		4.75	x		3.5	x		1.1	x
	September 30, 2015 through and including December 30, 2015		4.5	x		3.25	x		1.1	x
	December 31, 2015 through and including March 30, 2016		4.25	x		3	x		1.1	x
	March 31, 2016 and thereafter		4.25	x		3	x		1.1	x
	Second Lien Credit Facility
		Maximum			Maximum			Minimum
		Total Leverage			First Lien Leverage Ratio			Fixed Charge Coverage Ratio
	Applicable Period	Ratio
	June 30, 2014 through and including September 29, 2014		5	x		3.75	x		1	x
	September 30, 2014 through and including December 30, 2014		5.75	x		3.75	x		1	x
	December 31, 2014 through and including March 30, 2015		5.75	x		4.25	x		1	x
	March 31, 2015 through and including June 29, 2015		5.75	x		4.25	x		1	x
	June 30, 2015 through and including September 29, 2015		5	x		3.75	x		1	x
	September 30, 2015 through and including December 30, 2015		4.75	x		3.5	x		1	x
	December 31, 2015 through and including March 30, 2016		4.5	x		3.25	x		1	x
	March 31, 2016 and thereafter		4.5	x		3.25	x		1	x

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of operating leases	Leased Property	Term / Expiration
	Grand Lodge Casino facility	7 years/August 2018
	Land lease of Silver Slipper Casino site	54 years/April 2058

SHAREBASED_COMPENSATION_PLANS_

SHARE-BASED COMPENSATION PLANS (Tables)	3 Months Ended
	Mar. 31, 2015
Share-Based Compensation [Abstract]
Schedule of common stock options		Number		Weighted
		of Stock		Average
		Options		Exercise Price
	Options outstanding at January 1, 2015		943,834	$	1.25
	Granted		300,000	$	1.37
	Exercised		--		--
	Canceled/Forfeited		--		--
	Options outstanding at March 31, 2015		1,243,834	$	1.28
	Options exercisable at March 31, 2015		--	$	1.28
Schedule of option valuation assumptions	Vesting commencement date:	30-Jan-16
	Expected volatility:	60%
	Expected dividend yield:	0%
	Expected life (in years):	3 years
	Weighted average risk free rate:	0.88%

SEGMENT_REPORTING_Tables

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Schedule of selected statement of operations data	Three Months Ended
	31-Mar-15
		Casino/Resort Operations
		Northern		Rising Star			Silver Slipper		Development/			Corporate			Consolidated
		Nevada		Casino Resort			Casino		Management
	Revenues, net	$	4,245	$	11,115		$	13,724	$	--		$	--		$	29,084
	Selling, general and administrative		1,501		3,896			4,283		--			1,164			10,844
	Depreciation and amortization		200		688			1,100		--			4			1,992
	Operating income (loss)		83		(483	)		1,558		(4	)		(1,168	)		(14	)
	Interest expense, net of amounts capitalized		--		42			5		--			1,478			1,525
	Net income (loss)		81		(516	)		1,334		(4	)		(2,650	)		(1,755	)
	Three Months Ended
	31-Mar-14
		Casino/Resort Operations
		Northern		Rising Star			Silver Slipper		Development/			Corporate			Consolidated
		Nevada		Casino Resort			Casino		Management
	Revenues, net	$	4,387	$	13,248		$	12,320	$	494		$	--		$	30,449
	Selling, general and administrative		1,448		4,387			4,126		--			1,172			11,133
	Depreciation and amortization		217		847			1,386		--			5			2,455
	Operating income (loss)		148		(250	)		750		438			(1,177	)		(91	)
	Interest expense, net of amounts capitalized		--		48			--		--			1,469			1,517
	Net income (loss)		97		(248	)		495		320			(1,746	)		(1,082	)
	31-Mar-15
		Casino/Resort Operations
		Northern		Rising Star			Silver Slipper		Development/			Corporate			Consolidated
		Nevada		Casino Resort			Casino		Management
	Total assets	$	10,767	$	38,083		$	80,698	$	--		$	9,882		$	139,430
	Property, equipment and capital lease, net		6,483		33,129			58,498		--			31			98,141
	Goodwill		1,809		--			14,671		--			--			16,480
	Liabilities		1,662		11,604			4,105		--			66,280			83,651
	31-Dec-14
		Casino/Resort Operations
		Northern		Rising Star			Silver Slipper		Development/			Corporate			Consolidated
		Nevada		Casino Resort			Casino		Management
	Total assets	$	12,471	$	39,101		$	76,898	$	--		$	12,474		$	140,944
	Property, equipment and capital lease, net		6,656		33,801			54,548		--			35			95,040
	Goodwill		1,809		--			14,671		--			--			16,480
	Liabilities		1,970		11,543			4,182		--			65,752			83,447

INCOME_TAX_RECEIVABLE_Detail_T

INCOME TAX RECEIVABLE (Detail Textuals) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Tax Receivable [Abstract]
Refund related to tax losses incurred	($3,095)	($1,915)

PROPERTY_AND_EQUIPMENT_Propert

PROPERTY AND EQUIPMENT - Property and equipment (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$129,476	$124,882
Less accumulated depreciation	-31,335	-29,842
Property and equipment, net of accumulated depreciation	98,141	95,040
Land and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	11,670	11,670
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	73,997	73,997
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	28,097	27,951
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$15,712	$11,264

PROPERTY_AND_EQUIPMENT_Detail_

PROPERTY AND EQUIPMENT (Detail Textuals) (USD $)	3 Months Ended		12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Capitalized interest	$0.20	$0.08
Construction in progress | Silver Slipper Casino
Property, Plant and Equipment [Line Items]
Capitalized interest	$0.60		$0.40

ACCRUED_LIABILITIES_Details

ACCRUED LIABILITIES (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Accrued Liabilities, Current [Abstract]
Real estate and personal property taxes	$979	$1,172
Gaming taxes	206	294
Other taxes	468	495
Gaming related accruals	400	490
Other	842	1,253
Accrued liabilities Total	$2,895	$3,704

GOODWILL_OTHER_INTANGIBLES_Cur

GOODWILL & OTHER INTANGIBLES - Current & Future Amortization (Detail Textuals) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense of Intangible Assets	$900,000	$1,000,000
Amortization of loan fees	$404,000	$370,000

CAPITAL_LEASE_Detail_Textuals

CAPITAL LEASE (Detail Textuals) (Rising Sun/Ohio County First, Inc, Rising Star Casino Resort, USD $)	3 Months Ended
	Mar. 31, 2015
Capital Leased Assets [Line Items]
Monthly payment per month	$77,537
Term of agreement	10 years
Option price at lease maturity	1
Project's actual cost	$7,700,000
Minimum
Capital Leased Assets [Line Items]
Annual interest rate	2.50%
Maximum
Capital Leased Assets [Line Items]
Annual interest rate	4.50%

LONGTERM_DEBT_Details

LONG-TERM DEBT (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Debt Instrument [Line Items]
Less current portion	($3,059)	($1,337)
Long-term debt, net of current portion	60,033	59,294
Term loan agreement maturing on June 29, 2016
Debt Instrument [Line Items]
Long-term Debt, Gross	43,092	38,631
Revolving Loan, maturing June 29, 2016
Debt Instrument [Line Items]
Long-term Debt, Gross		2,000
Second Term Loan, maturing April 1, 2017
Debt Instrument [Line Items]
Long-term Debt, Gross	$20,000	$20,000

LONGTERM_DEBT_Parentheticals_D

LONG-TERM DEBT (Parentheticals) (Details) (USD $)	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Jul. 17, 2014
Term loan agreement maturing on June 29, 2016
Debt Instrument [Line Items]
Long-term debt, frequency of periodic payment	monthly	monthly
Interest rate during quarter and year end	4.75%	4.75%
Term loan agreement maturing on June 29, 2016 | Debt instrument beginning June 1, 2015
Debt Instrument [Line Items]
Long-term debt, periodic payment	0.25	0.25
Term loan agreement maturing on June 29, 2016 | Debt Instrument beginning October 1, 2015
Debt Instrument [Line Items]
Long-term debt, periodic payment	1.25	1.25
Revolving Loan, maturing June 29, 2016
Debt Instrument [Line Items]
Long-term debt, frequency of periodic payment	monthly	monthly
Interest rate during quarter and year end	4.75%	4.75%
Second Term Loan, maturing April 1, 2017
Debt Instrument [Line Items]
Long-term debt, frequency of periodic payment	monthly	monthly
Fixed rate percentage	14.25%		13.25%

LONGTERM_DEBT_Details_1

LONG-TERM DEBT (Details 1)	3 Months Ended
	Mar. 31, 2015
First Lien Credit Agreement | Minimum | June 30, 2014 through and including September 29, 2014
Line Of Credit Facility [Line Items]
Fixed charge coverage ratios	1.10x
First Lien Credit Agreement | Minimum | September 30, 2014 through and including December 30, 2014
Line Of Credit Facility [Line Items]
Fixed charge coverage ratios	1.10 x
First Lien Credit Agreement | Minimum | December 31, 2014 through and including June 29, 2015
Line Of Credit Facility [Line Items]
Fixed charge coverage ratios	1.10x
First Lien Credit Agreement | Minimum | June 30, 2015 through and including September 29, 2015
Line Of Credit Facility [Line Items]
Fixed charge coverage ratios	1.10x
First Lien Credit Agreement | Minimum | September 30, 2015 through and including December 30, 2015
Line Of Credit Facility [Line Items]
Fixed charge coverage ratios	1.10x
First Lien Credit Agreement | Minimum | December 31, 2015 through and including March 30, 2016
Line Of Credit Facility [Line Items]
Fixed charge coverage ratios	1.10x
First Lien Credit Agreement | Minimum | March 31, 2016 and thereafter
Line Of Credit Facility [Line Items]
Fixed charge coverage ratios	1.10x
First Lien Credit Agreement | Maximum | June 30, 2014 through and including September 29, 2014
Line Of Credit Facility [Line Items]
Total leverage ratio	4.75x
First lien leverage ratio	3.50x
First Lien Credit Agreement | Maximum | September 30, 2014 through and including December 30, 2014
Line Of Credit Facility [Line Items]
Total leverage ratio	5.50x
First lien leverage ratio	3.50x
First Lien Credit Agreement | Maximum | December 31, 2014 through and including June 29, 2015
Line Of Credit Facility [Line Items]
Total leverage ratio	5.50x
First lien leverage ratio	4.00x
First Lien Credit Agreement | Maximum | June 30, 2015 through and including September 29, 2015
Line Of Credit Facility [Line Items]
Total leverage ratio	4.75x
First lien leverage ratio	3.50x
First Lien Credit Agreement | Maximum | September 30, 2015 through and including December 30, 2015
Line Of Credit Facility [Line Items]
Total leverage ratio	4.50x
First lien leverage ratio	3.25x
First Lien Credit Agreement | Maximum | December 31, 2015 through and including March 30, 2016
Line Of Credit Facility [Line Items]
Total leverage ratio	4.25x
First lien leverage ratio	3.00x
Fixed charge coverage ratios	1.10x
First Lien Credit Agreement | Maximum | March 31, 2016 and thereafter
Line Of Credit Facility [Line Items]
Total leverage ratio	4.25x
First lien leverage ratio	3.00x
Second Lien Credit Agreement | Minimum | June 30, 2014 through and including September 29, 2014
Line Of Credit Facility [Line Items]
Fixed charge coverage ratios	1.00x
Second Lien Credit Agreement | Minimum | September 30, 2014 through and including December 30, 2014
Line Of Credit Facility [Line Items]
Fixed charge coverage ratios	1.00x
Second Lien Credit Agreement | Minimum | December 31, 2014 through and including March 30, 2015
Line Of Credit Facility [Line Items]
Fixed charge coverage ratios	1.00x
Second Lien Credit Agreement | Minimum | March 31, 2015 through and including June 29, 2015
Line Of Credit Facility [Line Items]
Fixed charge coverage ratios	1.00x
Second Lien Credit Agreement | Minimum | June 30, 2015 through and including September 29, 2015
Line Of Credit Facility [Line Items]
Fixed charge coverage ratios	1.00x
Second Lien Credit Agreement | Minimum | September 30, 2015 through and including December 30, 2015
Line Of Credit Facility [Line Items]
Fixed charge coverage ratios	1.00x
Second Lien Credit Agreement | Minimum | December 31, 2015 through and including March 30, 2016
Line Of Credit Facility [Line Items]
Fixed charge coverage ratios	1.00x
Second Lien Credit Agreement | Minimum | March 31, 2016 and thereafter
Line Of Credit Facility [Line Items]
Fixed charge coverage ratios	1.00x
Second Lien Credit Agreement | Maximum | June 30, 2014 through and including September 29, 2014
Line Of Credit Facility [Line Items]
Total leverage ratio	5.00x
First lien leverage ratio	3.75x
Second Lien Credit Agreement | Maximum | September 30, 2014 through and including December 30, 2014
Line Of Credit Facility [Line Items]
Total leverage ratio	5.75x
First lien leverage ratio	3.75x
Second Lien Credit Agreement | Maximum | December 31, 2014 through and including March 30, 2015
Line Of Credit Facility [Line Items]
Total leverage ratio	5.75x
First lien leverage ratio	4.25x
Second Lien Credit Agreement | Maximum | March 31, 2015 through and including June 29, 2015
Line Of Credit Facility [Line Items]
Total leverage ratio	5.75x
First lien leverage ratio	4.25x
Second Lien Credit Agreement | Maximum | June 30, 2015 through and including September 29, 2015
Line Of Credit Facility [Line Items]
Total leverage ratio	5.00x
First lien leverage ratio	3.75x
Second Lien Credit Agreement | Maximum | September 30, 2015 through and including December 30, 2015
Line Of Credit Facility [Line Items]
Total leverage ratio	4.75x
First lien leverage ratio	3.50x
Second Lien Credit Agreement | Maximum | December 31, 2015 through and including March 30, 2016
Line Of Credit Facility [Line Items]
Total leverage ratio	4.50x
First lien leverage ratio	3.25x
Second Lien Credit Agreement | Maximum | March 31, 2016 and thereafter
Line Of Credit Facility [Line Items]
Total leverage ratio	4.50x
First lien leverage ratio	3.25x

LONGTERM_DEBT_First_and_Second

LONG-TERM DEBT - First and Second Lien Credit Agreements (Detail Textuals) (First Lien Credit Agreement, USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
Line Of Credit Facility [Line Items]
Interest rate description	We have elected to pay interest on the First Lien Credit Facility based on the greater of the elected London Interbank Offered Rate ("LIBOR") rate or 1.0%, plus a margin rate.
Interest rate during period	4.75%
Minimum interest rate prior to adding the margin	1.00%
Applicable margin rate	3.75%
Term Loan
Line Of Credit Facility [Line Items]
Credit facility, borrowed amount	5.6
Maximum borrowing capacity	10
Amount of revolving loan remains undrawn and available	4.4
Revolving Credit Facility
Line Of Credit Facility [Line Items]
Repayment of outstanding line of credit	2
Maximum borrowing capacity	5

INCOME_TAXES_Detail_Textuals

INCOME TAXES (Detail Textuals) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Effective income tax rate for continuing operations	-14.90%	32.70%
Income tax expense (benefit)	$228	($526)

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES - Summary of operating leases (Details)	3 Months Ended
	Mar. 31, 2015
Grand Lodge Casino facility
Commitments and Contingencies [Line Items]
Term	7 years
Expiration	Aug-18
Land lease of Silver Slipper Casino site
Commitments and Contingencies [Line Items]
Term	54 years
Expiration	Apr-58

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Detail Textuals) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Rent expenses of operating lease	$900,000	$900,000
Land Lease Agreement | Silver Slipper Casino Venture, LLC
Commitments and Contingencies [Line Items]
Lease includes base monthly payments	77,500
Percentage of gross gaming revenue	3.00%
Gross gaming revenue in excess of	3,650,000
Option to purchase four acre portion of leased land	2,000,000
Purchase price of "Purchase Option" of land leases	15,500,000
Purchase price of land if four acre parcel previously purchased	13,500,000
Retained interest in percentages of net income	3.00%
Description related land leases	The land lease includes an exclusive option to purchase the leased land ("Purchase Option") after February 26, 2019 through October 1, 2027, as well as an option to purchase only a four-acre portion of the leased land for $2.0 million, which may be exercised at any time in conjunction with the development of a hotel. If there is no change in ownership, the purchase price of the leased land will be $15.5 million ($13.5 million if the four-acre parcel has been previously purchased) plus a retained interest in Silver Slipper Casino operations of 3% of net income as defined. In the event that we sell or transfer substantially all of the assets of our ownership in Silver Slipper Casino, then the purchase price will increase to $17.1 million.
Purchase options condition	If there is no change in ownership, the purchase price of the leased land will be $15.5 million ($13.5 million if the four-acre parcel has been previously purchased) plus a retained interest in Silver Slipper Casino operations of 3% of net income as defined. In the event that we sell or transfer substantially all of the assets of our ownership in Silver Slipper Casino, then the purchase price will increase to $17.1 million.
New purchase price if change in ownership of Silver Slipper	$17,100,000
Land Lease Agreement | Silver Slipper Casino Venture, LLC | Protected Marshland
Commitments and Contingencies [Line Items]
Area of land of Parcel Purchase Option	31
Land Lease Agreement | Silver Slipper Casino Venture, LLC | Casino parcel
Commitments and Contingencies [Line Items]
Area of land of Parcel Purchase Option	7

COMMITMENTS_AND_CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Detail Textuals 1) (USD $)	7 Months Ended
In Millions, unless otherwise specified	Aug. 26, 2013	Mar. 31, 2015	Feb. 26, 2013
Commitments and Contingencies [Line Items]
Proposed assessment including interest and penalties		$1.60
Construction Agreement | Silver Slipper Casino
Commitments and Contingencies [Line Items]
Construction cost funded		8.5
Anticipated additional funding in cash		1.6
Construction Agreement | Term Loan | Silver Slipper Casino
Commitments and Contingencies [Line Items]
Aggregate construction cost inclusive of capitalized interest	20
First Lien Credit Agreement | Term Loan | Silver Slipper Casino
Commitments and Contingencies [Line Items]
Credit facility undrawn and available to fund portion of construction of Silver Slipper property			$10

SHAREBASED_BENEFIT_PLANS_Summa

SHARE-BASED BENEFIT PLANS - Summarizes information related to our common stock options (Details) (Stock options, USD $)	3 Months Ended
	Mar. 31, 2015
Stock options
Number of Stock Options
Options outstanding at January 1, 2015	943,834
Granted	300,000
Exercised
Canceled/Forfeited
Options outstanding at March 31, 2015	1,243,834
Options exercisable at March 31, 2015
Weighted Average Exercise Price
Options outstanding at January 1, 2015	$1.25
Granted	$1.37
Exercised
Canceled/Forfeited
Options outstanding at March 31, 2015	$1.28
Options exercisable at March 31, 2015	$1.28

SHAREBASED_BENEFIT_PLANS_Optio

SHARE-BASED BENEFIT PLANS - Option valuation assumptions for options granted (Details 1) (Stock options, Mr. Fanger's)	3 Months Ended
	Mar. 31, 2015
Stock options | Mr. Fanger's
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting commencement date	30-Jun-16
Expected volatility	60.00%
Expected dividend yield	0.00%
Expected life (in years)	3 years
Weighted average risk free rate	0.88%

SHAREBASED_BENEFIT_PLANS_Detai

SHARE-BASED BENEFIT PLANS (Detail Textuals) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense included in selling, general and administrative expense	$37,000	$78,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost	$600,000
Weighted-average period of unrecognized compensation cost expected to be recognized	3 years 9 months 18 days

SHAREBASED_BENEFIT_PLANS_Detai1

SHARE-BASED BENEFIT PLANS (Detail Textuals 1) (Nonqualified stock options, USD $)	3 Months Ended	1 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2015	Jan. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options granted	300,000
Exercise price	$1.37
Aggregate intrinsic value of options outstanding	$0.30
Employment Agreement | Mr. Fanger's
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options granted		300,000
Exercise price		$1.37
Vesting percentage of stock options		25.00%
Vesting date of stock options		30-Jan-16
Description of award vesting rights		continue to vest with respect to an additional 1/48th of the shares on each monthly anniversary thereafter, subject to Mr. Fanger's continued service through the applicable vesting date.

SHAREBASED_BENEFIT_PLANS_Detai2

SHARE-BASED BENEFIT PLANS (Detail Textuals 2) (Restricted Stock, Amended and Restated 2006 Incentive Compensation Plan (the "2006 Plan"))	Mar. 31, 2015
Restricted Stock | Amended and Restated 2006 Incentive Compensation Plan (the "2006 Plan")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available for future issuance	11,000

SEGMENT_REPORTING_Selected_sta

SEGMENT REPORTING - Selected statement of operations data (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting Information [Line Items]
Revenues, net	$29,084	$30,449
Selling, general and administrative	10,844	11,133
Depreciation and amortization	1,992	2,455
Operating income (loss)	-14	-91
Interest expense, net of amounts capitalized	1,525	1,517
Net income (loss)	-1,755	-1,082
Casino/Resort Operations | Rising Star Casino Resort
Segment Reporting Information [Line Items]
Revenues, net	11,115	13,248
Selling, general and administrative	3,896	4,387
Depreciation and amortization	688	847
Operating income (loss)	-483	-250
Interest expense, net of amounts capitalized	42	48
Net income (loss)	-516	-248
Casino/Resort Operations | Silver Slipper Casino
Segment Reporting Information [Line Items]
Revenues, net	13,724	12,320
Selling, general and administrative	4,283	4,126
Depreciation and amortization	1,100	1,386
Operating income (loss)	1,558	750
Interest expense, net of amounts capitalized	5
Net income (loss)	1,334	495
Casino/Resort Operations | Northern Nevada
Segment Reporting Information [Line Items]
Revenues, net	4,245	4,387
Selling, general and administrative	1,501	1,448
Depreciation and amortization	200	217
Operating income (loss)	83	148
Interest expense, net of amounts capitalized
Net income (loss)	81	97
Development / Management
Segment Reporting Information [Line Items]
Revenues, net		494
Selling, general and administrative
Depreciation and amortization
Operating income (loss)	-4	438
Interest expense, net of amounts capitalized
Net income (loss)	-4	320
Corporate
Segment Reporting Information [Line Items]
Revenues, net
Selling, general and administrative	1,164	1,172
Depreciation and amortization	4	5
Operating income (loss)	-1,168	-1,177
Interest expense, net of amounts capitalized	1,478	1,469
Net income (loss)	($2,650)	($1,746)

SEGMENT_REPORTING_Selected_bal

SEGMENT REPORTING - Selected balance sheet data (Details 1) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Segment Reporting Information [Line Items]
Total assets	$139,430	$140,944
Property, equipment and capital lease, net	98,141	95,040
Goodwill	16,480	16,480
Liabilities	83,651	83,447
Casino/Resort Operations | Rising Star Casino Resort
Segment Reporting Information [Line Items]
Total assets	38,083	39,101
Property, equipment and capital lease, net	33,129	33,801
Goodwill
Liabilities	11,604	11,543
Casino/Resort Operations | Silver Slipper Casino
Segment Reporting Information [Line Items]
Total assets	80,698	76,898
Property, equipment and capital lease, net	58,498	54,548
Goodwill	14,671	14,671
Liabilities	4,105	4,182
Casino/Resort Operations | Northern Nevada
Segment Reporting Information [Line Items]
Total assets	10,767	12,471
Property, equipment and capital lease, net	6,483	6,656
Goodwill	1,809	1,809
Liabilities	1,662	1,970
Development / Management
Segment Reporting Information [Line Items]
Total assets
Property, equipment and capital lease, net
Goodwill
Liabilities
Corporate
Segment Reporting Information [Line Items]
Total assets	9,882	12,474
Property, equipment and capital lease, net	31	35
Goodwill
Liabilities	$66,280	$65,752

SUBSEQUENT_EVENTS_Detail_Textu

SUBSEQUENT EVENTS (Detail Textuals) (USD $)	3 Months Ended	0 Months Ended
	Mar. 31, 2015	Apr. 01, 2015	5-May-15
Nonqualified stock options
Subsequent Event [Line Items]
Shares issuable in respect to non-qualified stock options granted	300,000
First Lien Credit Facility | Revolving Credit Facility
Subsequent Event [Line Items]
Maximum borrowing capacity of first lien credit facility	5,000,000
Subsequent Event
Subsequent Event [Line Items]
Assessment payment including interest and penalties		237,000
Subsequent Event | 2015 Equity Incentive Plan | Directors, employees and consultants
Subsequent Event [Line Items]
Shares reserved for issuance			1,400,000
Shares issuable in respect to non-qualified stock options granted			1,243,834
Subsequent Event | First Lien Credit Facility | Revolving Credit Facility
Subsequent Event [Line Items]
Amount borrowed under first lien credit facility		2,000,000
Maximum borrowing capacity of first lien credit facility		$5,000,000