Full House Resorts (FLL) 10-Q 13 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 11, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	FULL HOUSE RESORTS INC
Entity Central Index Key	891,482
Trading Symbol	fll
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		18,969,396
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues
Casino	$ 27,442	$ 28,048	$ 53,797	$ 55,530
Food and beverage	6,313	5,285	12,162	10,309
Hotel	1,537	1,321	2,816	2,516
Management fees	0	300	0	793
Other operations	1,045	1,028	1,682	1,638
Gross revenues	36,337	35,982	70,457	70,786
Less promotional allowances	(5,611)	(4,672)	(10,647)	(9,027)
Net revenues	30,726	31,310	59,810	61,759
Operating costs and expenses
Casino	14,237	15,204	27,969	29,665
Food and beverage	2,250	2,223	4,350	4,322
Hotel	238	215	430	323
Other operations	382	399	650	626
Selling, general and administrative	10,419	10,752	21,193	21,886
Project development, preopening and other	123	280	164	335
Depreciation and amortization	2,030	2,312	4,022	4,767
Impairment	0	11,547	0	11,547
Total operating costs and expenses	29,679	42,932	58,778	73,471
Operating income (loss)	1,047	(11,622)	1,032	(11,712)
Other (expense) income
Interest expense, net of $0.3 million and $0.2 million capitalized for the three months ended June 30, 2015 and 2014, and $0.5 million and $0.1 million capitalized for the six months ended June 30, 2015 and 2014	(1,523)	(1,571)	(3,047)	(3,088)
Other	0	(6)	12	(7)
Total other (expense) income	(1,523)	(1,577)	(3,035)	(3,095)
Loss before income taxes	(476)	(13,199)	(2,003)	(14,807)
Provision (benefit) for income taxes	(49)	(4,708)	179	(5,234)
Net loss	$ (427)	$ (8,491)	$ (2,182)	$ (9,573)
Basic and diluted loss per share (in dollars per share)	$ (0.02)	$ (0.45)	$ (0.12)	$ (0.51)
Basic and diluted weighted average number of common shares outstanding (in shares)	18,934	18,874	18,906	18,872

CONSOLIDATED STATEMENTS OF OPE3

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Parentheticals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Capitalized interest	$ 0.3	$ 0.2	$ 0.5	$ 0.1

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets
Cash and equivalents	$ 14,480	$ 15,639
Accounts receivable, net of allowance for doubtful accounts of $195 and $513	1,602	1,573
Settlement receivable	500	0
Income tax receivable	0	3,095
Prepaid expenses	4,479	2,105
Other	726	728
Total current assets	21,787	23,140
Property and equipment, net	100,476	95,040
Other long-term assets
Goodwill	16,480	16,480
Intangible assets, net of accumulated amortization of $7,194 and $6,195	2,335	3,382
Deposits	598	178
Loan fees, net of accumulated amortization of $4,637 and $3,827	2,096	2,650
Deferred tax asset	74	74
Total other long-term assets	21,583	22,764
Total assets	143,846	140,944
Current liabilities
Accounts payable	3,898	4,102
Construction contracts payable	1,197	1,638
Accrued player club points and progressive jackpots	1,798	1,709
Accrued payroll and related	2,445	3,743
Other accrued expenses	2,891	3,704
Deferred tax liability	901	901
Current portion of capital lease obligation	668	690
Current portion of long-term debt	4,414	1,337
Total current liabilities	18,212	17,824
Long-term debt, net of current portion	63,943	59,294
Deferred tax liability	277	99
Capital lease obligation, net of current portion	5,871	6,230
Total liabilities	$ 88,303	$ 83,447
Commitments and contingencies (Note 9)
Stockholders’ equity
Common stock, $0.0001 par value, 100,000,000 shares authorized; 20,325,991 and 20,233,276 shares issued; 18,969,396 and 18,876,681 shares outstanding	$ 2	$ 2
Additional paid-in capital	46,106	45,878
Treasury stock, 1,356,595 common shares	(1,654)	(1,654)
Retained earnings	11,089	13,271
Total stockholders' equity	55,543	57,497
Total liabilities and stockholders' equity	$ 143,846	$ 140,944

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 195	$ 513
Accumulated amortization of intangible assets	7,194	6,195
Accumulated amortization of loan fees	$ 4,637	$ 3,827
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	20,325,991	20,233,276
Common stock, shares outstanding	18,969,396	18,876,681
Treasury stock, common shares	1,356,595	1,356,595

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - 6 months ended Jun. 30, 2015 - USD ($) shares in Thousands, $ in Thousands	Total	Common stock	Additional paid-in capital	Treasury stock	Retained Earnings
Beginning balances at Dec. 31, 2014	$ 57,497	$ 2	$ 45,878	$ (1,654)	$ 13,271
Beginning balances (in shares) at Dec. 31, 2014		20,233		1,357
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	228		228
Stock-based compensation (in shares)		93
Net loss	(2,182)				(2,182)
Ending balances at Jun. 30, 2015	$ 55,543	$ 2	$ 46,106	$ (1,654)	$ 11,089
Ending balances (in shares) at Jun. 30, 2015		20,326		1,357

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net loss	$ (2,182)	$ (9,573)
Adjustments to reconcile net loss to net cash provided by operating activities:
Development receivable collection allowance reduction	(500)	0
Impairment	0	11,547
Depreciation	3,023	3,626
Amortization of loan fees	810	725
Amortization of player loyalty program, land lease and water rights	999	1,141
Loss on disposals	0	8
Stock-based compensation	228	160
Increases and decreases in operating assets and liabilities:
Accounts receivable, net	(29)	95
Income tax receivable	3,095	1,970
Prepaid expenses	(2,374)	(1,580)
Other assets	87	51
Deferred tax	178	(4,255)
Accounts payable and accrued expenses	(2,475)	(1,445)
Net cash provided by operating activities	860	2,470
Cash flows from investing activities:
Purchase of property and equipment, net of construction contracts payable	(8,883)	(3,828)
Deposits	(456)	(1,750)
Other	0	(413)
Net cash used in investing activities	(9,339)	(5,991)
Cash flows from financing activities:
First Term Loan borrowings	7,726	0
Revolving Loan borrowings, net	0	2,000
Repayment of capital lease obligation	(381)	(423)
Other	(25)	(3)
Net cash provided by financing activities	7,320	1,574
Net decrease in cash and equivalents	(1,159)	(1,947)
Cash and equivalents, beginning of period	15,639	14,936
Cash and equivalents, end of period	14,480	12,989
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest, net of amounts capitalized	2,160	2,355
Cash received from income tax refunds, net	3,154	1,915
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accrued property and equipment capital expenditures	1,215	941
Accrued loan fees	$ 231	$ 0

ORGANIZATION

ORGANIZATION	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	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 Date Location Silver Slipper Casino and Hotel (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 SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	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. During April 2015, the wholly-owned subsidiary Richard and Louise Johnson, LLC, a Kentucky limited liability company, was organized. 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. Income taxes. For interim income tax reporting, the Company estimates its annual effective tax rate and applies it to its year-to-date pretax income or loss. During the second quarter of 2015, it was determined that the Company's annual effective tax rate could not be reasonably estimated. As a result, the year-to-date effective tax rate was used to determine the tax expense incurred during the six months ended June 30, 2015. Recently issued accounting standards. Management believes that there are no recently issued accounting standards not yet effective that are likely to have a material impact on our financial statements.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Property and equipment, including capital lease assets, consisted of the following (in thousands): June 30, December 31, (Unaudited) Land and improvements $ 11,950 $ 11,670 Buildings and improvements 86,009 73,997 Furniture and equipment 29,878 27,951 Construction in progress 5,504 11,264 133,341 124,882 Less accumulated depreciation (32,865 ) (29,842 ) $ 100,476 $ 95,040 Construction in progress amounts are primarily related to the remaining construction of the hotel at Silver Slipper Casino and Hotel.

ACCRUED LIABILITIES

ACCRUED LIABILITIES	6 Months Ended
	Jun. 30, 2015
Accrued Liabilities, Current [Abstract]
ACCRUED LIABILITIES	ACCRUED LIABILITIES Other accrued expenses consisted of the following (in thousands): June 30, December 31, (Unaudited) Real estate and other taxes $ 1,478 $ 1,961 Other 1,413 1,743 $ 2,891 $ 3,704

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLES	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 was observed during the three and six months ended June 30, 2015 or subsequently. During the second quarter of 2014, we recorded a non-cash impairment charge of $11.5 million on the goodwill and gaming license associated with Rising Star Casino Resort. 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.

CAPITAL LEASE

CAPITAL LEASE	6 Months Ended
	Jun. 30, 2015
Leases, Capital [Abstract]
CAPITAL LEASE	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”). Rent is fixed at $77,537 per month throughout the lease term and has an annual interest rate of 2.5% until September 30, 2015, 3.5% from October 1, 2015 until September 30, 2017, and 4.5% thereafter. The lease term expires on October 1, 2023. At any time during the lease term, we have the exclusive option to purchase the hotel 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 lease term, if we have not yet exercised our option to purchase the hotel tower, either (i) the Landlord has the right to sell the hotel to us, or (ii) we have the option to purchase the hotel. In either case, the purchase price is $1 plus closing costs. The Rising Star Lease Agreement is not guaranteed by the parent company or any subsidiary other than Gaming Entertainment (Indiana) LLC and has customary provisions in the event of a default.

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt consisted of the following (in thousands): June 30, December 31, (Unaudited) Long-term debt, net of current portion: First Term Loan, maturing October 1, 2016 (as amended); quarterly payments of $1.5 million beginning October 1, 2015; interest payable monthly at a variable rate which averaged 4.75% for both periods presented $ 46,357 $ 38,631 Revolving Loan, maturing October 1, 2016 (as amended), interest payable monthly at a variable rate which averaged 4.75% for both periods presented 2,000 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 (4,414 ) (1,337 ) $ 63,943 $ 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. Our wholly-owned subsidiaries guarantee our obligations under the agreements. As of June 30, 2015, we had drawn $8.9 million of the $10 million construction term loan under the First Lien Credit Facility. The remaining $1.1 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 and Hotel. The hotel began its phased opening in May 2015 and is scheduled to be completely open by the end of the third quarter of 2015. Effective May 31, 2015, the Company entered into a Fourth Amendment to the First Lien Credit Facility which amended certain provisions of the First Lien Credit Agreement, including (i) extending the period for draws against the $10 million term loan associated with the hotel construction at Silver Slipper Casino and Hotel to August 31, 2015, and (ii) extending the date that the first quarterly payment of $0.25 million is due for this portion of the term loan to October 1, 2015. On August 5, 2015 and effective as of June 30, 2015, we entered into the Fifth Amendment to the First Lien Credit Facility and Amendment No. 4 to the Second Lien Credit Facility which, amongst other items: • Revised certain financial covenant ratios as of June 30, 2015, and going forward through the term of the loans; • Extended the maturity date for the First Lien Credit Facility from June 29, 2016 to October 1, 2016; • Created a pricing grid to allow the interest rate on the Second Lien Credit Facility to vary with changes in our leverage; and • Amended the prepayment premium on the Second Lien Credit Facility. The First and Second Lien Credit Facilities continue to contain customary restrictive covenants, including a maximum total leverage ratio, maximum first lien leverage ratio, and a fixed charge coverage ratio. These revised financial covenant ratios are as follows: First Lien Credit Facility Applicable Period Maximum Total Leverage Ratio Maximum First Lien Leverage Ratio Minimum Fixed Charge Coverage Ratio June 30, 2015 through and including September 29, 2015 6.85x 4.85x 1.10x September 30, 2015 through and including December 30, 2015 6.75x 4.75x 1.10x December 31, 2015 through and including March 30, 2016 6.35x 4.35x 1.10x March 31, 2016 through and including June 29, 2016 6.15x 4.15x 1.10x June 30, 2016 through and including September 29, 2016 5.85x 4.00x 1.10x September 30, 2016 and thereafter 5.50x 3.75x 1.10x Second Lien Credit Facility Applicable Period Maximum Total Leverage Ratio Maximum First Lien Leverage Ratio Minimum Fixed Charge Coverage Ratio June 30, 2015 through and including September 29, 2015 7.10x 5.10x 1.00x September 30, 2015 through and including December 30, 2015 7.00x 5.00x 1.00x December 31, 2015 through and including March 30, 2016 6.60x 4.60x 1.00x March 31, 2016 through and including June 29, 2016 6.40x 4.40x 1.00x June 30, 2016 through and including September 29, 2016 6.10x 4.25x 1.00x September 30, 2016 and thereafter 5.75x 4.00x 1.00x We were in compliance with our covenants, as amended, as of June 30, 2015. There can be no assurances that we will remain in compliance with all covenants in all future periods or that, if there is a breach, lenders will waive such breach. During March 2015, we paid down $2.0 million previously drawn on our $5.0 million Revolving Loan under the First Lien Credit Facility. On April 1, 2015, we re-borrowed $2.0 million under our Revolving Loan. 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 June 30, 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. In accordance with the terms of the First Lien Credit Facility, we maintain a prepaid interest rate cap for a notional amount of $14.75 million at a LIBOR cap rate of 1.5% , which terminates on June 29, 2016.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES We had a provision for income taxes for the six months ended June 30, 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 related to the tax amortization of indefinite-lived intangible assets. The Company's effective income tax rate for the three and six months ended June 30, 2015 was 10.4% and (8.9)% , respectively, compared to an effective tax rate of 35.7% and 35.3% during the corresponding prior-year periods. The differences primarily relate to changes in the allowance against deferred tax assets.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Operating Leases The nature of our operating leases is as follows: Leased Property Term / Expiration Grand Lodge Casino facility 7 years/August 2018 Land lease of Silver Slipper Casino and Hotel site 54 years/April 2058 Additionally, we have less significant operating leases for certain office and warehouse facilities, office equipment, signage and land. 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 and Hotel 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 and Hotel 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, for $15.5 million plus a retained interest in Silver Slipper Casino and Hotel’s operations of 3% of net income, as defined, for ten years from the purchase date. In the event that Full House sells or transfers (i) substantially all of the assets of Silver Slipper Casino Venture, LLC, or (ii) its membership interests in Silver Slipper Casino Venture, LLC in its entirety, then the purchase price will increase to $17.1 million plus the retained interest for ten years mentioned above. In either case, we also have 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 and which accordingly reduces the purchase price of the remaining land by $2.0 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 and Hotel 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 7. The remaining construction and related costs will be funded from available working capital. As of June 30, 2015, we had funded $8.7 million of hotel construction costs in cash, and anticipate funding an additional $1.3 million in cash to complete the project, including capitalized interest. The hotel began its phased opening in May 2015 and is expected to be completed during the third 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, which we protested. In April 2015, we withdrew our formal protest with the IDOR and accepted the IDOR’s revised audit findings and proposed assessment. The revised assessment totaled $237,000 , including interest and penalties, which approximated our estimate and was remitted in April 2015. Litigation In 2013 and 2014, the Company spent approximately $1.6 million repairing defects to its parking garage at the Silver Slipper Casino and Hotel. The Company has hired outside legal counsel to pursue the reimbursement of such costs from the contractor and architect. The Company at this time cannot reasonably predict whether it will be successful in the matter. Property Tax Assessments The Company, through its wholly-owned subsidiary Gaming Entertainment (Indiana) LLC, has protested its real property tax assessments in Ohio County, Indiana for the tax years 2011 through 2014. The Company has continued to make all assessed property tax payments, but at this time cannot reasonably predict the outcome of the matter. 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.

SHARE-BASED BENEFIT PLANS

SHARE-BASED BENEFIT PLANS	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED BENEFIT PLANS	SHARE-BASED BENEFIT PLANS 2015 Equity Incentive Plan. On March 31, 2015, our Board adopted the Full House Resorts, Inc. 2015 Equity Incentive Plan (the “2015 Plan”). Our stockholders approved the 2015 Plan on May 5, 2015, terminating our 2006 Plan. The 2015 Plan includes shares reserved for issuance of up to 1,400,000 new shares to directors, employees and consultants. Additionally, there were 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. On May 5, 2015, the Company issued 92,715 shares of restricted common stock to members of our Board of Directors as partial payment for their service as directors and granted 320,000 stock options to various employees of the Company with an exercise price of $1.51 , the closing price per share on the grant date. These stock options have a three year vesting period with one-third of the stock options vesting each year. During the first quarter of 2015, 300,000 stock options were granted to Lewis Fanger, our Senior Vice President, Chief Financial Officer, and Treasurer, at an exercise price of $1.37 , the closing price per share on the grant date. These stock options vest 25% on January 30, 2016 and 1/48 th on each month thereafter. Stock Options. The following table summarizes information related to our common stock options, all of which remain unvested as of June 30, 2015. Number of Stock Options Weighted Average Exercise Price Options outstanding at January 1, 2015 943,834 $ 1.25 Granted 620,000 $ 1.44 Exercised — — Canceled/Forfeited — — Options outstanding at June 30, 2015 1,563,834 $ 1.33 Options exercisable at June 30, 2015 — $ 1.33 Compensation Costs. As of June 30, 2015, there was approximately $0.7 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 3.4 years. The aggregate intrinsic value of options outstanding was $0.5 million at June 30, 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 the options granted during the second quarter were as follows: Vesting commencement date: May 5, 2016 Expected volatility: 43.2% Expected dividend yield: —% Expected life (in years): 5.66 Weighted average risk free rate: 1.78%

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING The casino/resort segments include the Silver Slipper Casino and Hotel 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-related development and management projects, including our management contract with the Pueblo of Pojoaque that expired in September 2014. In 2015, the Company's management began utilizing Adjusted Property EBITDA as the primary profit measure for its segments. Adjusted Property EBITDA is a non-GAAP measure defined as Adjusted EBITDA before corporate related costs and expenses, which are not allocated to each property. Adjusted EBITDA is a non-GAAP measure defined as earnings before interest and other non-operating income (expense), taxes, depreciation and amortization, preopening expenses, impairment charges, asset write-offs, recoveries, gain (loss) from asset disposals, board and executive transition costs, project development and acquisition costs, and non-cash share based compensation expense. Adjusted EBITDA or Adjusted Property EBITDA should not be construed as an alternative to operating income or net income for use as an indicator of our performance; or as an alternative to cash flows from operating activities for use as a measure of liquidity; or as any other measure determined in accordance with U.S. generally accepted accounting principles. We have significant uses of cash flows, including capital expenditures, interest payments, taxes and debt principal repayments, which are not reflected in Adjusted EBITDA or Adjusted Property EBITDA. Also, other companies in the gaming and hospitality industries that report Adjusted EBITDA or Adjusted Property EBITDA information may calculate Adjusted EBITDA or Adjusted Property EBITDA in a different manner. The following tables reflect selected operating information for our reporting segments for the three and six months ended June 30, 2015 and 2014 and include a reconciliation of Adjusted Property EBITDA to operating income (loss) and net income (loss): For the three months ended June 30, 2015 (In thousands) Casino/Resort Operations Northern Nevada Rising Star Casino Resort Silver Slipper Casino & Hotel Development/ Management Corporate Consolidated Revenues, net $ 4,610 $ 11,766 $ 14,350 $ — $ — $ 30,726 Adjusted Property EBITDA $ 679 $ 592 $ 2,665 $ — $ — $ 3,936 Other operating costs and expenses: Depreciation and amortization 194 673 1,159 — 4 2,030 Impairment — — — — — — Write-offs, recoveries and asset disposals — — — — (450 ) (450 ) Preopening — — 75 — — 75 Corporate expenses — — — — 995 995 Project development and acquisition costs — — — 48 — 48 Stock compensation — — — — 191 191 Operating income (loss) 485 (81 ) 1,431 (48 ) (740 ) 1,047 Non-operating expense (income): Interest expense, net of amounts capitalized — 42 4 — 1,477 1,523 Other — — — — — — Non-operating expense — 42 4 — 1,477 1,523 Income (loss) before income taxes 485 (123 ) 1,427 (48 ) (2,217 ) (476 ) Provision (benefit) for income taxes — — (49 ) — — (49 ) Net income (loss) $ 485 $ (123 ) $ 1,476 $ (48 ) $ (2,217 ) $ (427 ) For the three months ended June 30, 2014 (In thousands) Casino/Resort Operations Northern Nevada Rising Star Casino Resort Silver Slipper Casino & Hotel Development/ Management Corporate Consolidated Revenues, net $ 5,022 $ 13,541 $ 12,447 $ 300 $ — $ 31,310 Adjusted Property EBITDA $ 1,019 $ 248 $ 2,130 $ 300 $ — $ 3,697 Other operating costs and expenses: Depreciation and amortization 214 692 1,402 — 4 2,312 Impairment — 11,547 — — — 11,547 Write-offs, recoveries and asset disposals — — 7 — 30 37 Preopening — — — — — — Corporate expenses — — — — 1,062 1,062 Project development and acquisition costs — — — 280 — 280 Stock compensation — — — — 81 81 Operating income (loss) 805 (11,991 ) 721 20 (1,177 ) (11,622 ) Non-operating expense (income): Interest expense, net of amounts capitalized — 46 3 — 1,522 1,571 Other — — 6 — — 6 Non-operating expense — 46 9 — 1,522 1,577 Income (loss) before income taxes 805 (12,037 ) 712 20 (2,699 ) (13,199 ) Provision (benefit) for income taxes 273 (4,241 ) 242 (65 ) (917 ) (4,708 ) Net income (loss) $ 532 $ (7,796 ) $ 470 $ 85 $ (1,782 ) $ (8,491 ) For the six months ended June 30, 2015 (In thousands) Casino/Resort Operations Northern Nevada Rising Star Casino Resort Silver Slipper Casino & Hotel Development/ Management Corporate Consolidated Revenues, net $ 8,855 $ 22,881 $ 28,074 $ — $ — $ 59,810 Adjusted Property EBITDA $ 1,042 $ 797 $ 5,362 $ — $ — $ 7,201 Other operating costs and expenses: Depreciation and amortization 394 1,361 2,260 — 7 4,022 Impairment — — — — — — Write-offs, recoveries and asset disposals 80 — — — (446 ) (366 ) Preopening — — 113 — — 113 Corporate expenses — — — — 2,121 2,121 Project development and acquisition costs — — — 51 — 51 Stock compensation — — — — 228 228 Operating income (loss) 568 (564 ) 2,989 (51 ) (1,910 ) 1,032 Non-operating expense (income): Interest expense, net of amounts capitalized — 84 9 — 2,954 3,047 Other — (11 ) — — (1 ) (12 ) Non-operating expense — 73 9 — 2,953 3,035 Income (loss) before income taxes 568 (637 ) 2,980 (51 ) (4,863 ) (2,003 ) Provision (benefit) for income taxes — 1 178 — — 179 Net income (loss) $ 568 $ (638 ) $ 2,802 $ (51 ) $ (4,863 ) $ (2,182 ) For the six months ended June 30, 2014 (In thousands) Casino/Resort Operations Northern Nevada Rising Star Casino Resort Silver Slipper Casino & Hotel Development/ Management Corporate Consolidated Revenues, net $ 9,409 $ 26,789 $ 24,768 $ 793 $ — $ 61,759 Adjusted Property EBITDA $ 1,383 $ 852 $ 4,282 $ 793 $ — $ 7,310 Other operating costs and expenses: Depreciation and amortization 430 1,539 2,789 — 9 4,767 Impairment — 11,547 — — — 11,547 Write-offs, recoveries and asset disposals — 7 21 — 30 58 Pre-opening — — — — — — Corporate expenses — — — — 2,155 2,155 Project development and acquisition costs — — — 335 — 335 Stock compensation — — — — 160 160 Operating income (loss) 953 (12,241 ) 1,472 458 (2,354 ) (11,712 ) Non-operating expense (income): Interest expense, net of amounts capitalized — 94 3 — 2,991 3,088 Other — — 7 — — 7 Non-operating expense — 94 10 — 2,991 3,095 Income (loss) before income taxes 953 (12,335 ) 1,462 458 (5,345 ) (14,807 ) Provision (benefit) for income taxes 324 (4,291 ) 497 53 (1,817 ) (5,234 ) Net income (loss) $ 629 $ (8,044 ) $ 965 $ 405 $ (3,528 ) $ (9,573 ) Selected balance sheet data as of June 30, 2015 and December 31, 2014 follows: As of June 30, 2015 (In thousands) Casino/Resort Operations Northern Nevada Rising Star Casino Resort Silver Slipper Casino & Hotel Development/ Management Corporate Consolidated Total assets $ 11,800 $ 39,362 $ 82,804 $ 242 $ 9,638 $ 143,846 Property, equipment and capital lease, net 6,339 32,462 61,406 242 27 100,476 Goodwill 1,809 — 14,671 — — 16,480 Liabilities 1,918 10,750 4,192 — 71,443 88,303 As of December 31, 2014 (In thousands) Casino/Resort Operations Northern Nevada Rising Star Casino Resort Silver Slipper Casino & Hotel Development/ Management Corporate Consolidated 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	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Settlement Agreement. On July 24, 2015, the Company reached a settlement with the Nambe Pueblo tribe related to $662,000 previously advanced by the Company to Nambe Pueblo as part of a development agreement and a security and reimbursement agreement from 2005. The advance has been fully reserved since 2011. In consideration for the release of any future claims and other items as defined within the settlement agreement, Nambe Pueblo will pay $500,000 to the Company in two installments of $250,000 . The first installment was received on July 31, 2015, and the final installment is due upon the opening of the Nambe Pueblo casino or December 31, 2015, whichever occurs earlier. In association with the expected recovery, the Company incurred $50,000 in collection fees payable to an unrelated third party. Both the expected recovery and the related collection fee have been recognized as a change in estimate within selling, general and administrative expense in the quarter ended June 30, 2015. Indianapolis Proposal. On August 10, 2015, the Company responded to a "request for proposal" (RFP) by the Indianapolis Airport Authority with a proposal for a $650 million lifestyle complex, anchored by a modest-sized casino. The Company would act as the "master developer" (as such term is used in the RFP) of the project and plans to seek partners for many of its aspects. The project is contingent, amongst other things, on being selected by the Indianapolis Airport Authority, on changes in the state gaming laws and other regulatory approvals that would allow the relocation to Indianapolis of approximately half of the gaming devices that the Company is licensed to operate in Rising Sun, Indiana, and on obtaining financing for the proposed project. There is no certainty that the Company's proposal will be selected or that the proposed project will become a reality.

BASIS OF PRESENTATION AND SIG20

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 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. During April 2015, the wholly-owned subsidiary Richard and Louise Johnson, LLC, a Kentucky limited liability company, was organized. 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.
Recently issued accounting standards	Recently issued accounting standards. Management believes that there are no recently issued accounting standards not yet effective that are likely to have a material impact on our financial statements.

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Property and equipment, including capital lease assets, consisted of the following (in thousands): June 30, December 31, (Unaudited) Land and improvements $ 11,950 $ 11,670 Buildings and improvements 86,009 73,997 Furniture and equipment 29,878 27,951 Construction in progress 5,504 11,264 133,341 124,882 Less accumulated depreciation (32,865 ) (29,842 ) $ 100,476 $ 95,040

ACCRUED LIABILITIES (Tables)

ACCRUED LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2015
Accrued Liabilities, Current [Abstract]
Schedule of other accrued expenses	Other accrued expenses consisted of the following (in thousands): June 30, December 31, (Unaudited) Real estate and other taxes $ 1,478 $ 1,961 Other 1,413 1,743 $ 2,891 $ 3,704

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of long-term debt, net of current portion	Long-term debt consisted of the following (in thousands): June 30, December 31, (Unaudited) Long-term debt, net of current portion: First Term Loan, maturing October 1, 2016 (as amended); quarterly payments of $1.5 million beginning October 1, 2015; interest payable monthly at a variable rate which averaged 4.75% for both periods presented $ 46,357 $ 38,631 Revolving Loan, maturing October 1, 2016 (as amended), interest payable monthly at a variable rate which averaged 4.75% for both periods presented 2,000 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 (4,414 ) (1,337 ) $ 63,943 $ 59,294
Schedule of first and second lien leverage ratio and fixed charge coverage ratio	These revised financial covenant ratios are as follows: First Lien Credit Facility Applicable Period Maximum Total Leverage Ratio Maximum First Lien Leverage Ratio Minimum Fixed Charge Coverage Ratio June 30, 2015 through and including September 29, 2015 6.85x 4.85x 1.10x September 30, 2015 through and including December 30, 2015 6.75x 4.75x 1.10x December 31, 2015 through and including March 30, 2016 6.35x 4.35x 1.10x March 31, 2016 through and including June 29, 2016 6.15x 4.15x 1.10x June 30, 2016 through and including September 29, 2016 5.85x 4.00x 1.10x September 30, 2016 and thereafter 5.50x 3.75x 1.10x Second Lien Credit Facility Applicable Period Maximum Total Leverage Ratio Maximum First Lien Leverage Ratio Minimum Fixed Charge Coverage Ratio June 30, 2015 through and including September 29, 2015 7.10x 5.10x 1.00x September 30, 2015 through and including December 30, 2015 7.00x 5.00x 1.00x December 31, 2015 through and including March 30, 2016 6.60x 4.60x 1.00x March 31, 2016 through and including June 29, 2016 6.40x 4.40x 1.00x June 30, 2016 through and including September 29, 2016 6.10x 4.25x 1.00x September 30, 2016 and thereafter 5.75x 4.00x 1.00x

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of operating leases	The nature of our operating leases is as follows: Leased Property Term / Expiration Grand Lodge Casino facility 7 years/August 2018 Land lease of Silver Slipper Casino and Hotel site 54 years/April 2058

SHARE-BASED BENEFIT PLANS (Tabl

SHARE-BASED BENEFIT PLANS (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	The following table summarizes information related to our common stock options, all of which remain unvested as of June 30, 2015. Number of Stock Options Weighted Average Exercise Price Options outstanding at January 1, 2015 943,834 $ 1.25 Granted 620,000 $ 1.44 Exercised — — Canceled/Forfeited — — Options outstanding at June 30, 2015 1,563,834 $ 1.33 Options exercisable at June 30, 2015 — $ 1.33
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	Option valuation assumptions for the options granted during the second quarter were as follows: Vesting commencement date: May 5, 2016 Expected volatility: 43.2% Expected dividend yield: —% Expected life (in years): 5.66 Weighted average risk free rate: 1.78%

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of selected statement of operations data	The following tables reflect selected operating information for our reporting segments for the three and six months ended June 30, 2015 and 2014 and include a reconciliation of Adjusted Property EBITDA to operating income (loss) and net income (loss): For the three months ended June 30, 2015 (In thousands) Casino/Resort Operations Northern Nevada Rising Star Casino Resort Silver Slipper Casino & Hotel Development/ Management Corporate Consolidated Revenues, net $ 4,610 $ 11,766 $ 14,350 $ — $ — $ 30,726 Adjusted Property EBITDA $ 679 $ 592 $ 2,665 $ — $ — $ 3,936 Other operating costs and expenses: Depreciation and amortization 194 673 1,159 — 4 2,030 Impairment — — — — — — Write-offs, recoveries and asset disposals — — — — (450 ) (450 ) Preopening — — 75 — — 75 Corporate expenses — — — — 995 995 Project development and acquisition costs — — — 48 — 48 Stock compensation — — — — 191 191 Operating income (loss) 485 (81 ) 1,431 (48 ) (740 ) 1,047 Non-operating expense (income): Interest expense, net of amounts capitalized — 42 4 — 1,477 1,523 Other — — — — — — Non-operating expense — 42 4 — 1,477 1,523 Income (loss) before income taxes 485 (123 ) 1,427 (48 ) (2,217 ) (476 ) Provision (benefit) for income taxes — — (49 ) — — (49 ) Net income (loss) $ 485 $ (123 ) $ 1,476 $ (48 ) $ (2,217 ) $ (427 ) For the three months ended June 30, 2014 (In thousands) Casino/Resort Operations Northern Nevada Rising Star Casino Resort Silver Slipper Casino & Hotel Development/ Management Corporate Consolidated Revenues, net $ 5,022 $ 13,541 $ 12,447 $ 300 $ — $ 31,310 Adjusted Property EBITDA $ 1,019 $ 248 $ 2,130 $ 300 $ — $ 3,697 Other operating costs and expenses: Depreciation and amortization 214 692 1,402 — 4 2,312 Impairment — 11,547 — — — 11,547 Write-offs, recoveries and asset disposals — — 7 — 30 37 Preopening — — — — — — Corporate expenses — — — — 1,062 1,062 Project development and acquisition costs — — — 280 — 280 Stock compensation — — — — 81 81 Operating income (loss) 805 (11,991 ) 721 20 (1,177 ) (11,622 ) Non-operating expense (income): Interest expense, net of amounts capitalized — 46 3 — 1,522 1,571 Other — — 6 — — 6 Non-operating expense — 46 9 — 1,522 1,577 Income (loss) before income taxes 805 (12,037 ) 712 20 (2,699 ) (13,199 ) Provision (benefit) for income taxes 273 (4,241 ) 242 (65 ) (917 ) (4,708 ) Net income (loss) $ 532 $ (7,796 ) $ 470 $ 85 $ (1,782 ) $ (8,491 ) For the six months ended June 30, 2015 (In thousands) Casino/Resort Operations Northern Nevada Rising Star Casino Resort Silver Slipper Casino & Hotel Development/ Management Corporate Consolidated Revenues, net $ 8,855 $ 22,881 $ 28,074 $ — $ — $ 59,810 Adjusted Property EBITDA $ 1,042 $ 797 $ 5,362 $ — $ — $ 7,201 Other operating costs and expenses: Depreciation and amortization 394 1,361 2,260 — 7 4,022 Impairment — — — — — — Write-offs, recoveries and asset disposals 80 — — — (446 ) (366 ) Preopening — — 113 — — 113 Corporate expenses — — — — 2,121 2,121 Project development and acquisition costs — — — 51 — 51 Stock compensation — — — — 228 228 Operating income (loss) 568 (564 ) 2,989 (51 ) (1,910 ) 1,032 Non-operating expense (income): Interest expense, net of amounts capitalized — 84 9 — 2,954 3,047 Other — (11 ) — — (1 ) (12 ) Non-operating expense — 73 9 — 2,953 3,035 Income (loss) before income taxes 568 (637 ) 2,980 (51 ) (4,863 ) (2,003 ) Provision (benefit) for income taxes — 1 178 — — 179 Net income (loss) $ 568 $ (638 ) $ 2,802 $ (51 ) $ (4,863 ) $ (2,182 ) For the six months ended June 30, 2014 (In thousands) Casino/Resort Operations Northern Nevada Rising Star Casino Resort Silver Slipper Casino & Hotel Development/ Management Corporate Consolidated Revenues, net $ 9,409 $ 26,789 $ 24,768 $ 793 $ — $ 61,759 Adjusted Property EBITDA $ 1,383 $ 852 $ 4,282 $ 793 $ — $ 7,310 Other operating costs and expenses: Depreciation and amortization 430 1,539 2,789 — 9 4,767 Impairment — 11,547 — — — 11,547 Write-offs, recoveries and asset disposals — 7 21 — 30 58 Pre-opening — — — — — — Corporate expenses — — — — 2,155 2,155 Project development and acquisition costs — — — 335 — 335 Stock compensation — — — — 160 160 Operating income (loss) 953 (12,241 ) 1,472 458 (2,354 ) (11,712 ) Non-operating expense (income): Interest expense, net of amounts capitalized — 94 3 — 2,991 3,088 Other — — 7 — — 7 Non-operating expense — 94 10 — 2,991 3,095 Income (loss) before income taxes 953 (12,335 ) 1,462 458 (5,345 ) (14,807 ) Provision (benefit) for income taxes 324 (4,291 ) 497 53 (1,817 ) (5,234 ) Net income (loss) $ 629 $ (8,044 ) $ 965 $ 405 $ (3,528 ) $ (9,573 ) Selected balance sheet data as of June 30, 2015 and December 31, 2014 follows: As of June 30, 2015 (In thousands) Casino/Resort Operations Northern Nevada Rising Star Casino Resort Silver Slipper Casino & Hotel Development/ Management Corporate Consolidated Total assets $ 11,800 $ 39,362 $ 82,804 $ 242 $ 9,638 $ 143,846 Property, equipment and capital lease, net 6,339 32,462 61,406 242 27 100,476 Goodwill 1,809 — 14,671 — — 16,480 Liabilities 1,918 10,750 4,192 — 71,443 88,303 As of December 31, 2014 (In thousands) Casino/Resort Operations Northern Nevada Rising Star Casino Resort Silver Slipper Casino & Hotel Development/ Management Corporate Consolidated 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

ORGANIZATION (Details)

ORGANIZATION (Details)	Jun. 30, 2015Casino
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of casinos owned	3

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 133,341	$ 124,882
Less accumulated depreciation	(32,865)	(29,842)
Property and equipment, net of accumulated depreciation	100,476	95,040
Land and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	11,950	11,670
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	86,009	73,997
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	29,878	27,951
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 5,504	$ 11,264

ACCRUED LIABILITIES (Details)

ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accrued Liabilities, Current [Abstract]
Real estate and other taxes	$ 1,478	$ 1,961
Other	1,413	1,743
Accrued liabilities Total	$ 2,891	$ 3,704

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES - Current & Future Amortization (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Goodwill [Line Items]
Impairment	$ 0	$ 11,547	$ 0	$ 11,547
Rising Star Casino Resort
Goodwill [Line Items]
Impairment		$ 11,500

CAPITAL LEASE (Detail Textuals)

CAPITAL LEASE (Detail Textuals) - Rising Sun/Ohio County First, Inc - Rising Star Casino Resort	Oct. 01, 2017	Jun. 30, 2015USD ($)Room	Sep. 30, 2017
Capital Leased Assets [Line Items]
Number of hotel rooms | Room		104
Monthly payment per month		$ 77,537
Annual interest rate		2.50%
Project's actual cost		$ 7,700,000
Option price at lease maturity		$ 1
Scenario, Forecast
Capital Leased Assets [Line Items]
Annual interest rate	4.50%		3.50%

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Jul. 17, 2014
Debt Instrument [Line Items]
Less current portion	$ (4,414)	$ (1,337)
Long-term debt, net of current portion	63,943	59,294
Term loan agreement maturing on October 1, 2016
Debt Instrument [Line Items]
Long-term debt, gross	$ 46,357	$ 38,631
Interest rate during quarter and year end	4.75%	4.75%
Long-term debt, periodic payment	$ 1,500	$ 1,500
Revolving Loan, maturing October 1, 2016
Debt Instrument [Line Items]
Long-term debt, gross	$ 2,000	$ 2,000
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, gross	$ 20,000	$ 20,000
Fixed rate percentage	14.25%		13.25%

LONG-TERM DEBT - First and Seco

LONG-TERM DEBT - First and Second Lien Credit Agreements (Detail Textuals)	Apr. 01, 2015USD ($)	Mar. 31, 2015USD ($)	Jun. 30, 2015USD ($)Room	Dec. 31, 2014USD ($)	Aug. 26, 2013Room
Term loan agreement maturing on October 1, 2016
Line Of Credit Facility [Line Items]
Long-term debt, periodic payment			$ 1,500,000	$ 1,500,000
Interest rate during period			4.75%	4.75%
Term loan agreement maturing on October 1, 2016 | Debt instrument, payment amended from June 1 to October 1, included as part of total payment
Line Of Credit Facility [Line Items]
Long-term debt, periodic payment			$ 250,000
Construction Agreement | Silver Slipper Casino
Line Of Credit Facility [Line Items]
Number of hotel rooms | Room			129		129
First Lien Credit Agreement
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 floor			1.00%
Interest rate during period			4.75%
Applicable margin rate			3.75%
First Lien Credit Agreement | Term Loan
Line Of Credit Facility [Line Items]
Credit facility, borrowed amount			$ 8,900,000
Maximum borrowing capacity			10,000,000
Amount of revolving loan remains undrawn and available			1,100,000
First Lien Credit Agreement | Revolving Credit Facility
Line Of Credit Facility [Line Items]
Maximum borrowing capacity		$ 5,000,000
Repayment of outstanding line of credit		$ 2,000,000
Proceeds from lines of credit	$ 2,000,000
First Lien Credit Agreement | Revolving Credit Facility | Interest Rate Cap
Line Of Credit Facility [Line Items]
Notional amount of interest rate cap			$ 14,750,000
Interest rate cap			1.50%

LONG-TERM DEBT Covenants (Detai

LONG-TERM DEBT Covenants (Details) - Jun. 30, 2015	Total
First Lien Credit Agreement | June 30, 2015 through and including September 29, 2015
Line Of Credit Facility [Line Items]
Debt instrument, covenant, leverage ratio, maximum	6.85
Debt instrument, covenant, first lien leverage ratio, maximum	4.85
Debt instrument, covenant, fixed charge coverage ratio, minimum	1.10
First Lien Credit Agreement | September 30, 2015 through and including December 30, 2015
Line Of Credit Facility [Line Items]
Debt instrument, covenant, leverage ratio, maximum	6.75
Debt instrument, covenant, first lien leverage ratio, maximum	4.75
Debt instrument, covenant, fixed charge coverage ratio, minimum	1.10
First Lien Credit Agreement | December 31, 2015 through and including March 30, 2016
Line Of Credit Facility [Line Items]
Debt instrument, covenant, leverage ratio, maximum	6.35
Debt instrument, covenant, first lien leverage ratio, maximum	4.35
Debt instrument, covenant, fixed charge coverage ratio, minimum	1.10
First Lien Credit Agreement | March 31, 2016 through and including June 29, 2016
Line Of Credit Facility [Line Items]
Debt instrument, covenant, leverage ratio, maximum	6.15
Debt instrument, covenant, first lien leverage ratio, maximum	4.15
Debt instrument, covenant, fixed charge coverage ratio, minimum	1.10
First Lien Credit Agreement | June 30, 2016 through and including September 29, 2016
Line Of Credit Facility [Line Items]
Debt instrument, covenant, leverage ratio, maximum	5.85
Debt instrument, covenant, first lien leverage ratio, maximum	4
Debt instrument, covenant, fixed charge coverage ratio, minimum	1.10
First Lien Credit Agreement | September 30, 2016 and thereafter
Line Of Credit Facility [Line Items]
Debt instrument, covenant, leverage ratio, maximum	5.50
Debt instrument, covenant, first lien leverage ratio, maximum	3.75
Debt instrument, covenant, fixed charge coverage ratio, minimum	1.10
Second Lien Credit Agreement | June 30, 2015 through and including September 29, 2015
Line Of Credit Facility [Line Items]
Debt instrument, covenant, leverage ratio, maximum	7.10
Debt instrument, covenant, first lien leverage ratio, maximum	5.10
Debt instrument, covenant, fixed charge coverage ratio, minimum	1
Second Lien Credit Agreement | September 30, 2015 through and including December 30, 2015
Line Of Credit Facility [Line Items]
Debt instrument, covenant, leverage ratio, maximum	7
Debt instrument, covenant, first lien leverage ratio, maximum	5
Debt instrument, covenant, fixed charge coverage ratio, minimum	1
Second Lien Credit Agreement | December 31, 2015 through and including March 30, 2016
Line Of Credit Facility [Line Items]
Debt instrument, covenant, leverage ratio, maximum	6.60
Debt instrument, covenant, first lien leverage ratio, maximum	4.60
Debt instrument, covenant, fixed charge coverage ratio, minimum	1
Second Lien Credit Agreement | March 31, 2016 through and including June 29, 2016
Line Of Credit Facility [Line Items]
Debt instrument, covenant, leverage ratio, maximum	6.40
Debt instrument, covenant, first lien leverage ratio, maximum	4.40
Debt instrument, covenant, fixed charge coverage ratio, minimum	1
Second Lien Credit Agreement | June 30, 2016 through and including September 29, 2016
Line Of Credit Facility [Line Items]
Debt instrument, covenant, leverage ratio, maximum	6.10
Debt instrument, covenant, first lien leverage ratio, maximum	4.25
Debt instrument, covenant, fixed charge coverage ratio, minimum	1
Second Lien Credit Agreement | September 30, 2016 and thereafter
Line Of Credit Facility [Line Items]
Debt instrument, covenant, leverage ratio, maximum	5.75
Debt instrument, covenant, first lien leverage ratio, maximum	4
Debt instrument, covenant, fixed charge coverage ratio, minimum	1

INCOME TAXES (Detail Textuals)

INCOME TAXES (Detail Textuals)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Effective income tax rate for continuing operations	10.40%	35.70%	(8.90%)	35.30%

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Summary of operating leases (Details)	6 Months Ended
	Jun. 30, 2015
Grand Lodge Casino facility
Commitments and Contingencies [Line Items]
Term	7 years
Expiration	August 2,018
Land lease of Silver Slipper Casino site
Commitments and Contingencies [Line Items]
Term	54 years
Expiration	April 2,058

COMMITMENTS AND CONTINGENCIES37

COMMITMENTS AND CONTINGENCIES (Detail Textuals) - Jun. 30, 2015 - Land Lease Agreement - Silver Slipper Casino Venture, LLC	USD ($)a
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
Purchase price of "Purchase Option" of land leases	$ 15,500,000
Retained interest in percentages of net income	3.00%
Retained interest in percentages of net income, term	10 years
New purchase price if change in ownership of Silver Slipper	$ 17,100,000
Option to purchase four acre portion of leased land	$ 2,000,000
Protected Marshland
Commitments and Contingencies [Line Items]
Area of land of Parcel Purchase Option | a	31
Casino parcel
Commitments and Contingencies [Line Items]
Area of land of Parcel Purchase Option | a	7
Option to purchase four acre portion of leased land, area | a	4

COMMITMENTS AND CONTINGENCIES38

COMMITMENTS AND CONTINGENCIES (Detail Textuals 1) $ in Thousands	Aug. 26, 2013USD ($)Room	Apr. 30, 2015USD ($)	Jun. 30, 2015USD ($)Room	Dec. 31, 2014USD ($)
Commitments and Contingencies [Line Items]
Proposed assessment including interest and penalties				$ 1,600
Assessment, including interest and penalties, paid to the Indiana Department of Revenue		$ 237
Silver Slipper Casino and Hotel | Positive Outcome of Litigation
Commitments and Contingencies [Line Items]
Amount of reimbursement for repair costs pursued by legal counsel			$ 1,600
Construction Agreement | Silver Slipper Casino
Commitments and Contingencies [Line Items]
Number of hotel rooms | Room	129		129
Construction cost funded			$ 8,700
Anticipated additional funding in cash			$ 1,300
Construction Agreement | Term Loan | Silver Slipper Casino
Commitments and Contingencies [Line Items]
Aggregate construction cost inclusive of capitalized interest	$ 20,000
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	$ 10,000

SHARE-BASED BENEFIT PLANS (Deta

SHARE-BASED BENEFIT PLANS (Detail Textuals) - USD ($) $ / shares in Units, $ in Millions	May. 05, 2015	Mar. 31, 2015	Jun. 30, 2015
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options granted	320,000		620,000
Award vesting period	3 years
Vesting percent	33.33%
Grant date exercise price (dollars per share)	$ 1.51		$ 1.44
Unrecognized compensation costs			$ 0.7
Weighted-average period of unrecognized compensation cost expected to be recognized			3 years 4 months 24 days
Intrinsic value of options outstanding			$ 0.5
Director | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share issued in period	92,715
Mr. Fanger's | Stock options | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options granted		300,000
Grant date exercise price (dollars per share)		$ 1.37
Mr. Fanger's | Stock options | On January 30, 2016 | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percent		25.00%
Mr. Fanger's | Stock options | After January 30, 2016 | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percent		2.08%
Equity Incentive Plan 2015 | Directors Employees And Consultants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance	1,400,000
Mr. Lee and Mr. Fanger | Equity Incentive Plan 2015 | Directors Employees And Consultants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance	1,243,834

SHARE-BASED BENEFIT PLANS - Sum

SHARE-BASED BENEFIT PLANS - Summarizes information related to our common stock options (Details) - Stock options - $ / shares	May. 05, 2015	Jun. 30, 2015
Number of Stock Options
Options outstanding at January 1, 2015		943,834
Granted	320,000	620,000
Exercised		0
Canceled/Forfeited		0
Options outstanding at June 30, 2015		1,563,834
Options exercisable at June 30, 2015		0
Weighted Average Exercise Price
Options outstanding at January 1, 2015 (in dollars per share)		$ 1.25
Granted (in dollars per share)	$ 1.51	1.44
Exercised (in dollars per share)		0
Canceled/Forfeited (in dollars per share)		0
Options outstanding at June 30, 2015 (in dollars per share)		1.33
Options exercisable at June 30, 2015 (in dollars per share)		$ 1.33

SHARE-BASED BENEFIT PLANS - Opt

SHARE-BASED BENEFIT PLANS - Option valuation assumptions for options granted (Details 1) - 6 months ended Jun. 30, 2015 - Stock options - Mr. Fanger's	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting commencement date	May 5, 2016
Expected volatility	43.20%
Expected dividend yield	0.00%
Expected life (in years)	5 years 7 months 28 days
Weighted average risk free rate	1.78%

SEGMENT REPORTING - Selected st

SEGMENT REPORTING - Selected statement of operations data (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Revenues, net	$ 30,726	$ 31,310	$ 59,810	$ 61,759
Adjusted Property EBITDA	3,936	3,697	7,201	7,310
Depreciation and amortization	2,030	2,312	4,022	4,767
Impairment	0	11,547	0	11,547
Write-offs, recoveries and asset disposals	(450)	37	(366)	58
Preopening	75	0	113	0
Corporate expenses	995	1,062	2,121	2,155
Project development and acquisition costs	48	280	51	335
Stock-based compensation	191	81	228	160
Operating income (loss)	1,047	(11,622)	1,032	(11,712)
Interest expense, net of amounts capitalized	1,523	1,571	3,047	3,088
Other	0	6	(12)	7
Nonoperating Income (Expense)	1,523	1,577	3,035	3,095
Loss before income taxes	(476)	(13,199)	(2,003)	(14,807)
Provision (benefit) for income taxes	(49)	(4,708)	179	(5,234)
Net income (loss)	(427)	(8,491)	(2,182)	(9,573)
Rising Star Casino Resort
Segment Reporting Information [Line Items]
Impairment		11,500
Northern Nevada
Segment Reporting Information [Line Items]
Revenues, net	4,610	5,022	8,855	9,409
Adjusted Property EBITDA	679	1,019	1,042	1,383
Depreciation and amortization	194	214	394	430
Impairment	0	0	0	0
Write-offs, recoveries and asset disposals	0	0	80	0
Preopening	0	0	0	0
Corporate expenses	0	0	0	0
Project development and acquisition costs	0	0	0	0
Stock-based compensation	0	0	0	0
Operating income (loss)	485	805	568	953
Interest expense, net of amounts capitalized	0	0	0	0
Other	0	0	0	0
Nonoperating Income (Expense)	0	0	0	0
Loss before income taxes	485	805	568	953
Provision (benefit) for income taxes	0	273	0	324
Net income (loss)	485	532	568	629
Casino/Resort Operations | Rising Star Casino Resort
Segment Reporting Information [Line Items]
Revenues, net	11,766	13,541	22,881	26,789
Adjusted Property EBITDA	592	248	797	852
Depreciation and amortization	673	692	1,361	1,539
Impairment	0	11,547	0	11,547
Write-offs, recoveries and asset disposals	0	0	0	7
Preopening	0	0	0	0
Corporate expenses	0	0	0	0
Project development and acquisition costs	0	0	0	0
Stock-based compensation	0	0	0	0
Operating income (loss)	(81)	(11,991)	(564)	(12,241)
Interest expense, net of amounts capitalized	42	46	84	94
Other	0	0	(11)	0
Nonoperating Income (Expense)	42	46	73	94
Loss before income taxes	(123)	(12,037)	(637)	(12,335)
Provision (benefit) for income taxes	0	(4,241)	1	(4,291)
Net income (loss)	(123)	(7,796)	(638)	(8,044)
Casino/Resort Operations | Silver Slipper Casino
Segment Reporting Information [Line Items]
Revenues, net	14,350	12,447	28,074	24,768
Adjusted Property EBITDA	2,665	2,130	5,362	4,282
Depreciation and amortization	1,159	1,402	2,260	2,789
Impairment	0	0	0	0
Write-offs, recoveries and asset disposals	0	7	0	21
Preopening	75	0	113	0
Corporate expenses	0	0	0	0
Project development and acquisition costs	0	0	0	0
Stock-based compensation	0	0	0	0
Operating income (loss)	1,431	721	2,989	1,472
Interest expense, net of amounts capitalized	4	3	9	3
Other	0	6	0	7
Nonoperating Income (Expense)	4	9	9	10
Loss before income taxes	1,427	712	2,980	1,462
Provision (benefit) for income taxes	(49)	242	178	497
Net income (loss)	1,476	470	2,802	965
Development / Management
Segment Reporting Information [Line Items]
Revenues, net	0	300	0	793
Adjusted Property EBITDA	0	300	0	793
Depreciation and amortization	0	0	0	0
Impairment	0	0	0	0
Write-offs, recoveries and asset disposals	0	0	0	0
Preopening	0	0	0	0
Corporate expenses	0	0	0	0
Project development and acquisition costs	48	280	51	335
Stock-based compensation	0	0	0	0
Operating income (loss)	(48)	20	(51)	458
Interest expense, net of amounts capitalized	0	0	0	0
Other	0	0	0	0
Nonoperating Income (Expense)	0	0	0	0
Loss before income taxes	(48)	20	(51)	458
Provision (benefit) for income taxes	0	(65)	0	53
Net income (loss)	(48)	85	(51)	405
Corporate
Segment Reporting Information [Line Items]
Revenues, net	0	0	0	0
Adjusted Property EBITDA	0	0	0	0
Depreciation and amortization	4	4	7	9
Impairment	0	0	0	0
Write-offs, recoveries and asset disposals	(450)	30	(446)	30
Preopening	0	0	0	0
Corporate expenses	995	1,062	2,121	2,155
Project development and acquisition costs	0	0	0	0
Stock-based compensation	191	81	228	160
Operating income (loss)	(740)	(1,177)	(1,910)	(2,354)
Interest expense, net of amounts capitalized	1,477	1,522	2,954	2,991
Other	0	0	(1)	0
Nonoperating Income (Expense)	1,477	1,522	2,953	2,991
Loss before income taxes	(2,217)	(2,699)	(4,863)	(5,345)
Provision (benefit) for income taxes	0	(917)	0	(1,817)
Net income (loss)	$ (2,217)	$ (1,782)	$ (4,863)	$ (3,528)

SEGMENT REPORTING - Selected ba

SEGMENT REPORTING - Selected balance sheet data (Details 1) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total assets	$ 143,846	$ 140,944
Property, equipment and capital lease, net	100,476	95,040
Goodwill	16,480	16,480
Liabilities	88,303	83,447
Northern Nevada
Segment Reporting Information [Line Items]
Total assets	11,800	12,471
Property, equipment and capital lease, net	6,339	6,656
Goodwill	1,809	1,809
Liabilities	1,918	1,970
Casino/Resort Operations | Rising Star Casino Resort
Segment Reporting Information [Line Items]
Total assets	39,362	39,101
Property, equipment and capital lease, net	32,462	33,801
Goodwill	0	0
Liabilities	10,750	11,543
Casino/Resort Operations | Silver Slipper Casino
Segment Reporting Information [Line Items]
Total assets	82,804	76,898
Property, equipment and capital lease, net	61,406	54,548
Goodwill	14,671	14,671
Liabilities	4,192	4,182
Development / Management
Segment Reporting Information [Line Items]
Total assets	242	0
Property, equipment and capital lease, net	242	0
Goodwill	0	0
Liabilities	0	0
Corporate
Segment Reporting Information [Line Items]
Total assets	9,638	12,474
Property, equipment and capital lease, net	27	35
Goodwill	0	0
Liabilities	$ 71,443	$ 65,752

SUBSEQUENT EVENTS (Detail Textu

SUBSEQUENT EVENTS (Detail Textuals) - Subsequent Event	Dec. 31, 2015USD ($)	Jul. 31, 2015USD ($)	Jul. 24, 2015USD ($)Installment	Aug. 10, 2015USD ($)
Subsequent Event [Line Items]
Settlement amount			$ 500,000
Number of installments | Installment			2
Installment payments		$ 250,000
Collection fees			$ 50,000
Proposed real estate development				$ 650,000,000
Scenario, Forecast
Subsequent Event [Line Items]
Installment payments	$ 250,000
Collectibility of Receivables
Subsequent Event [Line Items]
Amount advanced			$ 662,000