Trans World (TWOC) 10-K 11 Mar 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 10, 2015	Jun. 27, 2014
Document and Entity Information
Entity Registrant Name	TRANS WORLD CORP
Entity Central Index Key	914577
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$29,071,136
Entity Common Stock, Shares Outstanding		8,821,205
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
CURRENT ASSETS:
Cash and cash equivalents	$6,589	$6,284
Prepaid expenses	239	267
Other current assets	525	297
Total current assets	7,353	6,848
PROPERTY AND EQUIPMENT, less accumulated depreciation of $12,099 and $12,246 , respectively	35,469	33,464
OTHER ASSETS:
Goodwill	5,322	6,093
Deposits and other assets	1,343	1,218
Total other assets	6,665	7,311
TOTAL ASSETS	49,487	47,623
CURRENT LIABILITIES:
Long-term debt, current maturities	234	138
Capital lease, current portion	51	48
Accounts payable	1,018	583
Czech gaming tax accrual	1,795	1,948
Foreign income tax accrual	63	676
Accrued expenses and other current liabilities	2,358	1,702
Total current liabilities	5,519	5,095
LONG-TERM LIABILITIES:
Long-term debt, less current maturities	4,066
Capital lease, less current portion	24	80
Deferred foreign tax liability	298	560
Total long-term liabilities	4,388	640
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Preferred stock, $.001 par value, 4,000,000 shares authorized, none issued
Common stock, $.001 par value, 20,000,000 shares authorized, 8,821,205 shares in 2014 and 8,810,135 shares in 2013,issued and outstanding	9	9
Additional paid-in capital	52,888	52,578
Accumulated other comprehensive income	486	5,742
Accumulated deficit	-13,803	-16,441
Total stockholders' equity	39,580	41,888
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$49,487	$47,623

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
CONDENSED CONSOLIDATED BALANCE SHEETS
PROPERTY AND EQUIPMENT, accumulated depreciation (in dollars)	$12,099	$12,246
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	4,000,000	4,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	8,821,205	8,810,135
Common stock, shares outstanding	8,821,205	8,810,135

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
REVENUES	$38,475	$36,487
COSTS AND EXPENSES:
Cost of revenues	20,732	19,757
Depreciation and amortization	1,630	1,600
Selling, general and administrative	12,118	11,632
TOTAL OPERATING EXPENSES	34,480	32,989
INCOME FROM OPERATIONS, before other income (expenses) and foreign income taxes	3,995	3,498
OTHER INCOME (EXPENSES):
Interest expense	-48	-60
Other income (expense)	-1	8
TOTAL OTHER INCOME (EXPENSES)	-49	-52
INCOME BEFORE FOREIGN INCOME TAXES	3,946	3,446
FOREIGN INCOME TAXES	-1,308	-1,056
NET INCOME	2,638	2,390
Other comprehensive loss, foreign currency translation adjustments, net of tax	-5,256	-1,820
COMPREHENSIVE INCOME (LOSS)	($2,618)	$570
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (in shares)	8,814,287	8,824,406
Diluted (in shares)	9,119,787	9,052,471
EARNINGS PER COMMON SHARE:
Basic (in dollars per share)	$0.30	$0.27
Diluted (in dollars per share)	$0.29	$0.26

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income	Accumulated Deficit	Total
In Thousands, except Share data, unless otherwise specified
Balances at Dec. 31, 2012	$9	$52,454	$7,562	($18,831)	$41,194
Balances (in shares) at Dec. 31, 2012	8,836,735
Increase (Decrease) in Stockholders' Equity
Deferred board fees to be paid in stock, pursuant to the Deferred Compensation Plan (DCP)		14			14
Deferred employee incentives to be paid in stock, pursuant to the DCP		187			187
Foreign currency translation adjustment, net of tax			-1,820		-1,820
Shares buyback under the retirement method, pursuant to TWC Stock Repurchase Program		-77			-77
Shares buyback under the retirement method, pursuant to TWC Stock Repurchase Program (in shares)	-26,600
Net income				2,390	2,390
Balances at Dec. 31, 2013	9	52,578	5,742	-16,441	41,888
Balances (in shares) at Dec. 31, 2013	8,810,135
Increase (Decrease) in Stockholders' Equity
Deferred board fees to be paid in stock, pursuant to the Deferred Compensation Plan (DCP)		36			36
Deferred employee incentives to be paid in stock, pursuant to the DCP		224			224
Foreign currency translation adjustment, net of tax			-5,256		-5,256
Shares buyback under the retirement method, pursuant to TWC Stock Repurchase Program		-10			-10
Shares buyback under the retirement method, pursuant to TWC Stock Repurchase Program (in shares)	-3,200
Stock option expense		59			59
Issuance of stock pursuant to DCP (in shares)	13,970
Stock issued per options exercise		1			1
Stock issued per options exercise (in shares)	300				300
Net income				2,638	2,638
Balances at Dec. 31, 2014	$9	$52,888	$486	($13,803)	$39,580
Balances (in shares) at Dec. 31, 2014	8,821,205

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$2,638	$2,390
Adjustments to reconcile net income to net cash provided by operating activities:
Gain from sale of assets	-6
Loss from disposal of assets		10
Depreciation and amortization	1,630	1,600
Stock options expense	59
Deferred board fees	36	14
Deferred income tax liability	-161	7
Changes in operating assets and liabilities:
Prepaid expenses	-36	39
Other current assets	-247	-48
Deposits and other assets	-365	-102
Accounts payable	549	-277
Interest payable		-5
Czech gaming tax accrual	102	192
Foreign income tax accrual	-579	-747
Accrued expense and other liabilities	1,078	327
NET CASH PROVIDED BY OPERATING ACTIVITIES	4,698	3,400
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	-644	-780
Investment into Ceska expansion and renovation	-222	-1,838
Acquisitions of Hotel Columbus	-7,561
Repayment on notes receivable		650
Proceeds from sale of assets	14
NET CASH USED IN INVESTING ACTIVITIES	-8,413	-1,968
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Sparkasse Loan	4,813
Principal payments on Sparkasse Loan	-269
Principal payments on Commerzbank debt		-1,634
Principal payments on Ceska municipal loan		-154
Share buyback under the Stock Repurchase Program	-10	-77
Proceeds from exercise of options	1
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	4,535	-1,865
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	-515	-170
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	305	-603
CASH AND CASH EQUIVALENTS:
Beginning of year	6,284	6,887
End of year	6,589	6,284
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the year for interest	50	60
Cash paid during the year for foreign income taxes	1,995	1,768
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING ACTIVITIES:
Deferred compensation to be paid in common stock	224	187
SDI receivable/IMT loan cancelation		$1,256

Nature_of_Business

Nature of Business	12 Months Ended
	Dec. 31, 2014
Nature of Business
Nature of Business	NOTE 1 - Nature of Business
	Trans World Corporation and Subsidiaries (collectively, “TWC” or the “Company”), a Nevada corporation, is primarily engaged in the gaming business in the Czech Republic.
	The Company owns and operates three casinos in the Czech Republic (“CZ”), all under the American Chance Casinos (“ACC”) brand.  One casino is located in the western part of the CZ, close to the German border, in Ceska Kubice (“Ceska”), which currently has 15 gaming tables and 100 slot machines.  The other two casinos are located in the southern part of the CZ, close to the Austrian border.  The larger of these two, “Route 55,” located in Dolni Dvoriste, has 23 gaming tables and 138 slot machines.  The other casino, “Route 59,” is located in Hate, near Znojmo, and currently has 21 gaming tables and 126 slot machines.  In addition to the Czech casinos, TWC also owns and operates a 77-room, European four-star deluxe hotel, the Hotel Savannah, which is physically connected to our Route 59 casino, and also a full-service spa, the Spa at Savannah (the “Spa”), which is operated by an independent contractor and is attached to the hotel.  On September 10, 2014, TWC acquired Hotel Columbus, a 117-room, four-star hotel, located in Seligenstadt, Germany, near Frankfurt.  Although the transaction closed, and the Company acquired the Hotel Columbus on September 10, 2014, the signing parties agreed to set the acquisition date retroactive to September 1, 2014, which had no impact on the purchase price.
	The Company and the Grand Casino Lav and Nightclub (collectively known as the “Grand Casino Lav”), mutually agreed to terminate TWC’s contract to manage the operation, located in Podstrana, Croatia, near the city of Split, in April 2013, when the property underwent bank receivership.  The bank satisfactorily paid the former owners’ existing debt (i.e. notes receivable) in full to TWC on December 31, 2013.

Summary_of_Significant_Account

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2014

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

NOTE 2 - Summary of Significant Accounting Policies

Principles of Consolidation and Basis of Presentation  The accompanying consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”), and pursuant to the accounting and disclosure rules and regulations of the Securities and Exchange Commission (the “SEC”) and Regulation S-X.

The functional currency of the Czech subsidiaries is the local Czech koruna (“CZK”) and the functional currency of the German subsidiary is the euro currency (“EUR”).  However, as our primary reporting subsidiary, TWH&E, is a Czech entity, all revenues and expenses, regardless of sources of origin, are recognized (and in the case of the German hotel operation, are recognized first) in the Czech currency and translated to USD for reporting purposes

All intercompany balances and transactions have been eliminated in consolidation.  Certain prior year amounts have been reclassified to conform to this year’s financial statements presentation.

Cash and Cash Equivalents   Cash and cash equivalents comprise of cash in hand; current balances with banks and similar institutions; term deposits of three months or less with banks and similar institutions.  The carrying amounts of cash at bank and in hand and term bank deposits approximate their fair values.

Property and Equipment  Property and equipment is stated at cost less accumulated depreciation and amortization.  TWC capitalizes the cost of improvements that extend the life of the asset and expenses maintenance and repair costs as incurred.  The Company provides for depreciation and amortization using the straight-line method over the following estimated useful lives:

Asset

Estimated Useful Life

Building

20-50 years

Furniture, fixtures and other equipment

3-12 years

Leasehold improvements

5-50 years

Goodwill  Goodwill represents and remains the excess of the cost of the Company’s Czech subsidiaries over the fair value of their net assets at the date of acquisition, which consisted of the Ceska casino and a parcel of land in Hate, upon which the Route 59 Casino and the Hotel Savannah and Spa (jointly referred to as the “Route 59 Complex”) reside. Goodwill is subject to at least an annual assessment for impairment, applying a fair-value based test. The Company has allocated the goodwill over two geographical reporting units and are classified as the “German reporting unit” which consists of the Ceska casino, and the “Austrian reporting unit” which consists of a parcel of land in Hate.  Goodwill impairment tests allow the Company to first assess qualitative factors to determine whether it is necessary to perform a two-step quantitative goodwill impairment test.  The Company is not required to calculate the fair value of a reporting unit unless it determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount.  The Company assesses the potential impairment of goodwill annually (as of September 30th) and on an interim basis whenever events or changes in circumstances indicate that the carrying value may not be recoverable.  Upon completion of such review, if impairment is found to have occurred, a corresponding charge will be recorded.

Based on TWC’s own assessment of qualitative factors which included an analysis of macroeconomic conditions, financial performance, industry and market considerations, and other factors, the Company concluded that it was not necessary to perform a two-step quantitative goodwill impairment test and that the goodwill of the Company was not impaired as of September 30, 2014, its annual assessment date.  There were no triggering factors during the fourth quarter of 2014, hence, no additional goodwill impairment testing was warranted as of December 31, 2014.

Comprehensive Income (Loss) —  The Company complies with requirements for reporting comprehensive income (loss).  Those requirements establish rules for reporting and display of comprehensive income and its components.  Furthermore, they require the Company’s change in the foreign currency translation adjustments to be included in other comprehensive income (loss).  There are no other components of the Company’s comprehensive income (loss) in 2014 and 2013.

Foreign Currency Translation  The Company complies with requirements for reporting foreign currency translation, which require that for foreign subsidiaries whose functional currency is the local foreign currency, balance sheet accounts are translated at exchange rates in effect at the end of the year and resulting translation adjustments are included in “accumulated other comprehensive income.”  Statement of income accounts are translated by applying monthly averages of daily exchange rates on the respective monthly local statement of operations accounts for the year.

The impact of foreign currency translation on goodwill is presented below:

Applicable

Goodwill

Foreign Exchange

German

Austrian

As of December 31, 2014 (in thousands, except FX)

Rate (“FX”) (2)

reporting unit

reporting unit

Total

Residual balance, as of January 1, 2003 (in USD) (1)

USD

3,042

USD

537

USD

3,579

USD residual balance, translated at June 30, 1998 (date of acquisition) FX rate of:

33.8830

CZK

103,072

CZK

18,195

CZK

121,267

2003 CZK balance, translated to USD, at December 31, 2014 FX rate of:

22.7853

USD

4,524

USD

798

USD

5,322

Net cumulative change to goodwill due to foreign currency translation

USD

1,482

USD

261

USD

1,743

-1

Goodwill was amortized over 15 years until the Company started to comply with revised GAAP requirements, as of January 1, 2002.

This balance represents the remaining, unamortized goodwill, after an impairment charge taken prior to January 1, 2003.

-2

FX (interbank) rates taken from www.Oanda.com.

Earnings Per Common Share  The Company complies with accounting and disclosure requirements regarding earnings per share.  Basic earnings per common share are computed by dividing net income by the weighted average number of common shares outstanding during the period.  Diluted earnings per common share incorporate the dilutive effect of Common Stock equivalents on an average basis during the period.  As of December 31, 2014, the Company’s Common Stock equivalents include 595,125 unexercised stock options, 75,000 shares of restricted stock, and 305,482 shares issuable under the Company’s Deferred Compensation Plan.  As of December 31, 2013, the Common Stock equivalents included 598,475 unexercised stock options, 75,000 outstanding warrants, 75,000 shares of restricted stock, and 228,049 deferred compensation shares.  These shares for the respective years were included in the computation of diluted earnings per common share, if such unexercised stock options, warrants, restricted stock, and deferred compensation stock were vested and “in-the-money.”

A table illustrating the impact of dilution on earnings per share, based on the treasury stock method, is presented below:

For the Year Ended

(amounts in thousands, except for

December 31,

share information)

2014

2013

Basic earnings per share:

Net income

$

2,638

$

2,390

Weighted average common shares

8,814,287

8,824,406

Basic earnings per share

$

0.30

$

0.27

Diluted earnings per share:

Net income

$

2,638

$

2,390

Weighted average common shares

8,814,287

8,824,406

Addition due to the effect of dilutive securities using the treasury stock method:

Stock options, restricted stock and warrants

18

16

Stock issuable under the Deferred Compensation Plan

305,482

228,049

Dilutive potential common shares

9,119,787

9,052,471

Diluted earnings per share

$

0.29

$

0.26

Revenue Recognition  Casino revenue is defined as the net win from gaming activities, which is the difference between gaming wagers and the amount paid out to patrons, and is recognized on the day it is earned.  Revenues generated from ancillary services, including room rentals, sales of food, beverage, cigarettes, spa services, and casino logo merchandise are recognized at the time the related services are performed or goods sold, and represent, in the aggregate, 7.1% and 4.4% of total revenues for the years ended December 31, 2014 and 2013, respectively.  Rooms revenue represented 4.0% and 2.3% of total revenues, for the same annual comparison, respectively.  Food and beverage revenues represent approximately 2.6% and 1.7% of total consolidated revenues for the years ended December 31, 2014 and 2013, respectively.

Business Acquisitions  Assets acquired and liabilities assumed in business combinations are recorded on the Company’s consolidated balance sheets as of the respective acquisition dates based upon their estimated fair values at such dates.  The results of operations of businesses acquired by the Company have been included in the consolidated statements of income since their respective dates of acquisition.  In certain circumstances, the purchase price allocations may be based upon preliminary estimates and assumptions.  Accordingly, the allocations are subject to revision until the Company receives final information and other analyses during the measurement period ending a year after the date of acquisition.

Segment Reporting  On September 1, 2014, the Company acquired Hotel Columbus and after this acquisition, the Company determined, due to the significance of the assets acquired and pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 280, Segment Reporting, that the Company had two reportable segments, a casino segment and a hotel segment.  ASC 280 designates the internal reporting that is used by management for making operating decisions and assessing performance as the source of the Company’s reportable segments.  The Company is including this segment reporting under Note 14 below.

Promotional Allowances  Promotional allowances primarily consist of the provision of complimentary food and beverages and, to certain of its valuable players, hotel accommodations.  For the years ended December 31, 2014 and 2013, revenues do not include the retail amount of food and beverages (“F&B”) and hotel accommodations of $7,752 and $6,996, respectively, provided at no-charge to customers. The retail value of the F&B given away is determined by dividing the F&B costs charged to the gaming operation of $2,447 and $2,412, for the respective periods, by the average percentage of cost of F&B sold.  The cost of hotel accommodations is either the out-of-pocket expenses paid to other hotels to accommodate TWC’s customers or the retail charge of room accommodations at the Company’s Hotel Savannah and at its VIP guest rooms at Ceska and at Route 55.

The promotional allowances are summarized below:

For the Year Ended

December 31,

(amounts in thousands)

2014

2013

Cost of complimentary F&B (A)

$

2,447

$

2,412

Average cost of F&B sold (B)

32.2

%

34.8

%

Retail value of F&B (A/B)

7,599

6,931

Cost of hotel accommodations

153

65

Total hypothetical retail value

$

7,752

$

6,996

External Advertising   The Company complies with the accounting and reporting requirements for reporting on advertising costs.  External advertising expenses are charged to operations as incurred and were $458 and $664 for the years ended December 31, 2014 and 2013, respectively.

Fair Value of Financial Instruments  The fair values of the Company’s assets and liabilities that qualify as financial instruments approximate their carrying amounts presented in the accompanying consolidated balance sheets at December 31, 2014 and 2013, respectively.

Use of Estimates  The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

Impairment of Long-Lived Assets  The Company periodically evaluates whether current facts or circumstances indicate that the carrying value of its depreciable assets to be held and used may be recoverable.  If such circumstances are determined to exist, an estimate of undiscounted future cash flows produced by the long-lived assets, or by the appropriate grouping of assets, is compared to the carrying value to determine whether an impairment exists.  If an asset is determined to be impaired, the loss is measured based on the difference between the asset’s fair value and its carrying value. An estimate of the asset’s fair value is based on quoted market prices in active markets, if available. If quoted market prices are not available, the estimate of fair value is based on various valuation techniques, including a discounted value of estimated future cash flows. The Company reports an asset to be disposed of at the lower of its carrying value or its estimated net realizable market value. There were no impairment losses for long-lived assets recorded for the years ended December 31, 2014 and 2013, respectively.

Stock-based Compensation  The Company accounts for stock options and warrants using the modified prospective method in accordance with FASB ASC 718-10, “Compensation-Stock Compensation.”  Under this method, compensation costs include the estimated grant date fair value of the awards amortized over the options’ vesting period.  The Company currently utilizes the Black-Scholes option pricing model to measure the fair value of stock options granted to certain key management employees (“KMEs”), as well as for warrants issued to third parties for services.  Stock-based compensation was approximately $59 and $0 for the years ended December 31, 2014 and 2013, respectively, and is included in selling, general and administrative expenses in the consolidated statements of operations.

Czech Gaming Taxes  A flat gaming tax of 20.0% is assessed on all live game and slot revenues.  Additionally, a daily tax on each slot machine is also assessed. A summary of the Gaming Tax Law is presented below, in actual monetary amounts (not in thousands):

Gaming Tax Law *

(Effective January 1, 2012)

Live Games

20% Gaming Tax from revenue earned from live games (70% of tax paid to the federal government; 30% paid to the local municipality).

Slots

20% Gaming Tax from revenue earned from slot games (20% of tax paid to the federal government; 80% paid to the local municipality);

Fifty five Korunas (or approximately three U.S. dollars) Gaming Tax per Slot Machine, per Day (paid to the federal government).

Net Income

19% corporate income tax on adjusted net income earned in the Czech Republic, net of exemptions (paid to the federal government).

* The Gaming Tax is to be paid quarterly, by the 25th day following the end of a quarter, while corporate income tax obligation is paid by June 30th of the subsequent year.  The Company is also required to make estimated quarterly income tax payments since the third quarter of 2013.  TWC is current on all of its Czech tax payments at December 31, 2014 and through the date of this report.

TWC’s gaming-related taxes and fees, which are recognized in the Gaming Department’s expenses, for the years ended December 31, 2014 and 2013 are summarized in the following table:

For the Year Ended

December 31,

(amounts in thousands)

2014

2013

Gaming revenues (excluding ancillary revenues)

$

34,024

$

33,203

Gaming taxes

7,160

6,975

Gaming taxes as % of gaming revenues (above)

21.0

%

21.0

%

In conformity with the European Union (“EU”) taxation legislation, the Czech Republic’s VAT has gradually increased from 5%, when that country joined the EU in 2004, to 21%, the effective rate since 2013.  Unlike in other industries, VATs are not recoverable for gaming operations.  The recoverable VAT under the Hotel Savannah and Hotel Columbus operations was not material for the years ended December 31, 2014 and 2013, respectively.

Effective November 28, 2013, in order to reflect the Company’s industry diversification, TWC renamed its primary Czech subsidiary, American Chance Casinos a.s. to “Trans World Hotels & Entertainment, a.s.” (“TWH&E”), while still operating its casinos under the ACC brand, without interruption.  Effective January 1, 2014, in the final stage of consolidation, the Trans World Hotels k.s. legal entity, which owns Hotel Savannah and the Spa, was merged into TWH&E.

Income Taxes  The Company complies with accounting and reporting requirements with respect to accounting for U.S. federal and foreign income taxes, which require an asset and liability approach to financial accounting and reporting for income taxes.  Deferred income tax assets and liabilities are computed for differences between the financial statement and the tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income.  Valuation allowances are established, when necessary, to reduce deferred income tax assets to the amount expected to be realized.  In accordance with U.S. GAAP, the Company is required to determine whether a tax position of the Company is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position.  The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement.  De-recognition of a tax benefit previously recognized could result in the Company recording a tax liability that would reduce net assets.  This policy also provides guidance on thresholds, measurement, de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition that is intended to provide better financial statement comparability among different entities.  The Company recognizes interest and penalties related to unrecognized tax benefits in interest expense and other expenses, respectively.  No interest expense or penalties have been recognized as of and for the years ended December 31, 2014 and 2013.  The Company is subject to income tax examinations by major taxing authorities for all tax years since 2011. However, management’s conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof.

Effective January 1, 2012, the Czech government instituted an effective corporate income tax of 19% on income derived from gaming revenues, which prior to the law changes were subject only to gaming taxes.  See Note 10 — “Income Taxes,” below.

Germany had an effective corporate income tax rate of 30% for the year ended December 31, 2014.  The Company was not subject to income tax for the year ended December 31, 2014 due to a net operating loss for the year ended December 31, 2014.

Recent Accounting Pronouncements  In May 2014, the FASB issued guidance on recognizing revenue from contracts with customers. The guidance clarifies the principles for recognizing revenue and establishes a common revenue standard for US GAAP and International Financial Reporting Standards.  This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016.  Early adoption is not permitted. Retrospective application is required.  The Company is currently evaluating the impact of adopting and does not expect the standard to have any material impact on its consolidated financial statements.

In June 2014, the FASB issued guidance on stock compensation that requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition.  As such, the performance target should not be reflected in estimating the grant-date fair value of the award.  The guidance is effective for annual reporting periods beginning after December 31, 2015, with early adoption permitted.  The Company is evaluating the potential impacts of the new guidance on its existing stock-based compensation plans.

In August 2014, the FASB issued guidance on the presentation of financial statements for a going concern. The aim is to provide guidance on management’s responsibility to evaluate whether there is substantial doubt about a company’s ability to continue as a going concern and to provide related footnote disclosures. This guidance is effective for fiscal years ending after December 15, 2016, and annual and interim periods thereafter. The Company is reviewing the new standard and does not expect this standard to have a material impact on the Company’s consolidated financial statements.

In November 2014, the FASB issued guidance on whether and at what threshold an acquired entity that is a business or nonprofit activity can apply pushdown accounting in its separate financial statements.  The guidance was effective on November 18, 2014.  The impact of the adoption did not have an effect on the Company’s consolidated financial statements.

Property_and_Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2014
Property and Equipment
Property and Equipment	NOTE 3 - Property and Equipment
	At December 31, 2014 and 2013, property and equipment consisted of the following:
		2014			2013
	Land	$	3,148		$	2,714
	Building and improvements	33,480			31,663
	Furniture, fixtures and other equipment	10,940			11,333
		47,568			45,710
	Less accumulated depreciation and amortization	(12,099		)	(12,246		)
		$	35,469		$	33,464
	The table above includes provisional amounts from the purchase of the Hotel Columbus (See Note 13, “Acquisition and Purchase Price Allocation”). Depreciation and amortization expense for the years ended December 31, 2014 and 2013 were approximately $1,630 and $1,600, respectively.

LongTerm_Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2014
Long-Term Debt
Long-Term Debt
	NOTE 4 - Long-Term Debt
	At December 31, 2014 and 2013, long-term debt consisted of the following:
			2014		2013
	Sparkasse Bank amortized loan (1)		$	4,300	$	—
	Ceska Municipal Loan (2)				138
			4,300		138
	Less current portions:
	Sparkasse Bank amortized loan		234
	Ceska Municipal Loan				138
			$	4,066	$	—
		-1		On September 9, 2014, the Company received a €3,600, or approximately $4,400, 15-year, amortized loan granted by a local German bank, Bank Sparkasse Langen-Seligenstadt (the “Sparkasse Bank Loan”) to purchase the Hotel Columbus.  The loan terms provide for a fixed interest rate of 3.1% for the first ten years, followed by a prevailing market-based fixed rate for this type of loan for the remaining five years of the term.  The loan is secured by the Hotel Columbus’ assets as well as a cash deposit of €300, approximately $365, or equaling approximately one year’s principal and interest payments and is held in a savings account with, and a mortgage on the hotel in favor of, the lender.  The loan terms required monthly payments at the end of each month and the loan will mature on September 9, 2029.
		-2		In November 2011, TWC purchased the Ceska casino building, associated land and an adjacent outbuilding and related plot from the town of Ceska Kubice, from which TWC had been renting the facilities.  In conjunction with this purchase, TWC was granted by the town of Ceska Kubice a three-year municipal loan of CZK 9,000, or $395. The loan, which was due to mature on November 23, 2014, was paid in full on January 16, 2014.
	Principal payments due on long-term debt are as follows:
	Year ending December 31,
	2015		$	234
	2016		241
	2017		249
	2018		257
	2019		265
	Thereafter		3,054
			$	4,300

Accrued_Expenses_and_Other_Cur

Accrued Expenses and Other Current Liabilities	12 Months Ended
	Dec. 31, 2014
Accrued Expenses and Other Current Liabilities
Accrued Expenses and Other Current Liabilities	NOTE 5 -  Accrued Expenses and Other Current Liabilities
	At December 31, 2014 and 2013, accrued expenses and other current liabilities consisted of the following:
		2014		2013
	Accrued payroll and related costs	$	882	$	894
	Operational accruals	422		313
	Incentives/bonus payable	700		495
	Accrued real estate transfer tax (Hotel Columbus)	354
		$	2,358	$	1,702

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies
Commitments and Contingencies	NOTE 6 - Commitments and Contingencies
	Lease Obligations  The Company is obligated under several financial leases, excluding leased slot machines, expiring through 2016.  Future aggregate minimum annual rental payments under all of these leases for the lesser of five years or until their expiration dates are as follows:
	Year ending December 31,
	2015	$	51
	2016	24
	2017	—
	2018	—
	2019	—
	Rent expense under operating leases was approximately $88 each for the years ended December 31, 2014 and 2013, respectively.  The Company’s corporate office lease in New York City expires on March 31, 2015.  The Company is currently under negotiation to extend the lease for another five-year term.
	The Company is also obligated under a number of five-year, slot equipment operating leases, the projected costs of which are not included in the table above due to fluctuating inventory, expiring over staggered years, which provide for a monthly fixed rental fee per slot machine, and an annual option for replacement with different/newer machines during the term of the lease.  For the years ended December 31, 2014 and 2013, the Company’s slot lease expense was $2,612 and $2,467, respectively.  All slot leases can be terminated at any time, subject to an early-termination penalty equal to three-month lease payments for each leased slot machine.
	Employment Agreements  The Company’s employment agreement with its Chief Executive Officer (“CEO”), Mr. Rami S. Ramadan, absent the intervention of either party by September 30th of each year, renewed automatically for another calendar year ending December 31, 2015.  In addition to a perpetually renewable employment term of one year absent the intervention of either party, the agreement provides for annual compensation, plus participation in the Company’s benefits programs and equity incentive plans.  Annual compensation of $450 will be paid in 2015, pursuant to the evergreen renewal terms of said employment agreement, excluding any bonus awards that may be or have been granted in 2014 at the discretion of the Board of Directors.
	On November 11, 2014, the Board of Director’s Compensation Committee approved an amendment (the “Amendment”) to the Amended and Restated Employment Agreement dated November 18, 2008 for Mr. Ramadan. The Amendment provides that if, within 120 days prior to, or twenty-four months after a Change of Control (as defined in the Employment Agreement), (i) Mr. Ramadan is terminated by the Company other than for cause (and not due to his death or disability), or (ii) he provides the Company with written notice of his Voluntary Termination for Good Reason (as defined in the Employment Agreement), or (iii) he is in the employ of the Company on the closing date of a Change in Control of the Company, then the Company will pay to him: (A) an amount equal to two times his Base Salary (as defined in the Employment Agreement) as of the date of termination; and, (B) any accrued but unpaid (1) base salary; (2) sick pay; (3) vacation pay; and (4) health insurance benefits as described in the Employment Agreement for the period ending on the earlier of: (x) the date Mr. Ramadan obtains subsequent employment where medical insurance coverage is available to him, or (y) two years after the date of termination or Change in Control, as applicable. If the above benefits are paid to him as a result of (iii) above, they cannot be paid to him again as a result of either (i) or (ii), above, for the same Change in Control event. The Amendment also includes a description of what actions TWC and Mr. Ramadan will take in the event that the aggregate payment or benefits to be paid to him as described above are deemed by the Internal Revenue Service to be “excess parachute payments” under Section 280G of the Internal Revenue Code.
	Pursuant to the renewal of the employment agreement with Mr. Ramadan in July 2005, Mr. Ramadan was granted 75,000 performance-based, restricted shares of the Company’s Common Stock, which will vest upon reaching designated earnings per share targets, in 25,000 share allotments.  None of the restricted shares have been vested to date.
	On February 4, 2007, Mr. Ramadan was granted seven year options to purchase 50,000 shares of Common Stock, all of which expired on February 4, 2014.
	On October 23, 2007, pursuant to the Company’s 2004 Equity Incentive Plan, Mr. Ramadan was granted seven-year options to purchase 125,000 shares of Common Stock.  The exercise price of all these options was set at $4.85 per share, the closing stock price on October 23, 2007, and escalated to $5.05 on its first anniversary.  On May 26, 2009, the Company’s Board of Directors froze the exercise price at $5.05 for the entire grant.  These options expired on October 23, 2014.
	Further, on November 11, 2014, pursuant to the Company’s 2014 Equity Incentive Plan, Mr. Ramadan was granted five-year options to purchase 200,000 shares of Common Stock that vest in four equal parts, with the options to acquire 50,000 shares vesting immediately upon the date of grant and options to acquire 50,000 shares vesting subsequently upon each anniversary of the grant date.  The exercise price of all these options was initially set at $3.20 per share, the closing stock price on the date of grant, and will escalate by 4.0% annually on each anniversary date.
	The weighted average exercise price of all of Mr. Ramadan’s vested options was $3.20 and $4.67 at December 31, 2014 and 2013, respectively.  No vested options have been exercised by Mr. Ramadan as of December 31, 2014.
	Taxing Jurisdiction  The Czech Republic currently has a number of laws related to various taxes imposed by governmental authorities, including gaming tax, VAT, and payroll (social) taxes and corporate income tax.  Tax declarations, together with other legal compliance areas (for example, customs and currency control matters) are subject to review and investigation by a number of Czech governmental authorities, which are enabled by law to impose fines, penalties and interest charges, and, ultimately, create tax risks in the Czech Republic.  Management believes that it has adequately provided for its Czech tax liabilities.
	Legal Matters  The Company may be, from time to time, a party to various legal proceedings and administrative actions, all arising from the ordinary course of business.  The Company was not, as of the date of this report, involved in any material legal proceeding nor was it involved in any material litigation during the year ended December 31, 2014 and through the date of this filing.

Risks_and_Uncertainties

Risks and Uncertainties	12 Months Ended
	Dec. 31, 2014
Risks and Uncertainties
Risks and Uncertainties	NOTE 7 - Risks and Uncertainties
	Regulation and Licensing  The Company’s operations are subject to regulation by each federal and local jurisdiction in which it operates. Each of the Company’s officers may be subject to strict scrutiny and approval from the gaming commission or other regulatory body of each jurisdiction in which TWC conducts gaming operations.  Furthermore, the operations of its casinos are contingent upon maintaining all necessary regulatory licenses, permits, approvals, registrations, findings of suitability, orders and authorizations. The laws, regulations and ordinances requiring these licenses, permits and other approvals generally relate to the operations of the casinos, the payment of taxes, the responsibility, financial stability and character of the owners and managers of gaming operations, as well as persons financially interested or involved in gaming operations.  All of TWC’s Czech casinos are duly licensed by the Czech Ministry of Finance (“MOF”), however, the Company is subject to ongoing regulation and oversight to maintain these operations.
	Czech regulatory authorities have broad powers to request detailed financial and other information, to limit, condition, suspend or revoke a registration, gaming license or related approval and to approve changes in the Company’s operations. Substantial fines for violations of gaming laws or regulations may be levied. The suspension or revocation of any license which may be granted to the Company or the levy of substantial fines for violations could significantly harm its business, financial condition and results of operations. Furthermore, compliance costs associated with gaming laws, regulations and licenses are significant.  Any change in the laws, regulations or licenses applicable to its business or a violation of any current or future laws or regulations applicable to its business or gaming licenses could require the Company to make substantial expenditures or could otherwise negatively affect its gaming operations.
	Potential changes in legislation and regulation of our operations  Laws and regulations governing the conduct of gaming activities and the obligations of gaming companies in any jurisdiction in which we have or in the future may have gaming operations are subject to change and could impose additional operating, financial or other burdens on the way we conduct our business.
	Moreover, legislation to prohibit, limit, or add burdens to our business may be introduced in the future in the Czech Republic or elsewhere where gaming has been legalized. In addition, from time to time, legislators and special interest groups (which may include our competitors) have proposed legislation that would expand, restrict or prevent gaming operations or which may otherwise adversely impact our operations in the jurisdictions in which we operate. Any expansion of gaming or restriction on or prohibition of our gaming operations, increase in gaming taxes, or enactment of other adverse regulatory changes could have a material adverse effect on our business, financial condition, operating results and prospects.
	Gaming legislation is introduced in the Czech Parliament from time to time. In October 2014, the MOF, the national governmental authority that regulates gambling in the Czech Republic, introduced proposed legislation that would, if approved, among other things, limit the number of gambling establishments, limit the number of slot machines, shorten license periods, require security bonds for each casino operation by location, limit betting amounts and the amount of losses per hour and per month for players, limit the duration of each individual’s playtime and the pace of certain live games, prohibit the serving of complimentary food, beverage and cigarettes, link slot machines to an MOF database, create an online database of gamblers that is linked to the MOF, and give localities more power over gaming establishments. The MOF has also stated publicly that it is contemplating the introduction of a new tax law that could increase gaming taxes. The draft law is now subject to comment by interested parties, review by other government agencies, parliamentary procedure that could include amendments that could materially change the proposal, and amendment and/or ratification in the Czech Senate, all of which is not expected to occur until the end of 2015. Because the parameters and effects of this current proposed legislation are still speculative at this point in time, the Company cannot predict what the ultimate statute will contain, whether it will be passed in the Czech Parliament, or whether it will be signed by the Czech President. Therefore, we cannot, as of the date of this report, specifically predict the proposed legislation and its effect on the results of operations or financial condition of the Company.
	Foreign Activities  The Company’s operations are entirely outside of the United States of America.  Operating internationally involves additional risks relating to such things as currency exchange rates, different legal and regulatory environments, political and economic risks relating to the stability or predictability of foreign governments, differences in the manner in which different cultures conduct business, difficulties in staffing and managing foreign operations, differences in financial reporting, operating difficulties, different types of criminal threats, and other factors.  The occurrence of any of these risks, if severe enough, could have a material adverse effect on the consolidated financial position, results of operations and cash flows of the Company.
	Cash  Cash consists of cash in banks and on hand.  The Company maintains a substantial portion of its cash balances in financial institutions that are outside the United States of America or that may exceed the Federal Deposit Insurance Corporation (“FDIC”) coverage of $250 per account.  The Company has not experienced any losses in such accounts and believes it is not subject to any significant credit risk on cash.  In addition, the FDIC does not insure the Company’s foreign cash, which totaled $6,246 and $5,866 at December 31, 2014 and 2013, respectively.  The Company has not incurred any losses in such accounts and believes it is not exposed to any significant credit risk on cash.

Stockholders_Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2014
Stockholders' Equity
Stockholders' Equity
	NOTE 8 -  Stockholders’ Equity
	For the years ended December 31, 2014 and 2013, the Company recognized stock-based compensation expense of approximately $59 and $0, respectively, for the vesting of granted stock options.  As part of their participation in the Company’s Deferred Compensation Plan, each member of the Company’s Board of Directors agreed to receive a portion or all of his annual retainer in shares of the Company’s Common Stock, aggregating $36 and $14 for the entire board, for the years ended December 31, 2014 and 2013, respectively. KME contribution to the Deferred Compensation Plan was $224 and $188 for the year ended December 31, 2014 and 2013, respectively.
	On November 12, 2012, TWC’s board of directors approved a stock repurchase program, authorizing the repurchase of up to 500,000 shares of the Company’s Common Stock over a 12-month period.  The program did not obligate the Company to acquire any particular amount of Common Stock, and it could be modified, extended, suspended or discontinued at any time.  The program was renewed for two consecutive years, and expired on its second anniversary of November 12, 2014.  Pursuant to the stock repurchase program and through a registered broker-dealer, the Company conducted repurchases on the open market, which contributed in part to an outstanding 8,821,205 shares and 8,810,135 shares at December 31, 2014 and 2013, respectively.  The amount and timing of specific repurchases were subject to market conditions, applicable legal requirements and other factors.  Repurchases were conducted in the open market or in privately negotiated transactions.
	The repurchase transactions since the inception of the program until it was terminated are listed in the table below:
	ISSUER PURCHASES OF EQUITY SECURITIES
	Date	Total	Average		Cumulative Total of	Maximum Number
		Number of	Price Paid		Number of Shares	(or Approximate
		Shares	per Share		Purchased as Part of	Dollar Value) of
		Purchased			Publicly Announced	Shares That Could
					Plan	Have Been
						Purchased Under
						the Plan or
						Program
	11/19/12	4,900	$	2.50	4,900	495,100
	12/20/12	30,000	$	2.65	34,900	465,100
	1/16/13	5,000	$	2.50	39,900	460,100
	1/18/13	900	$	2.50	40,800	459,200
	1/25/13	4,500	$	2.50	45,300	454,700
	3/8/13	100	$	2.54	45,400	454,600
	3/25/13	200	$	2.50	45,600	454,400
	3/26/13	200	$	2.65	45,800	454,200
	4/4/13	250	$	2.65	46,050	453,950
	4/9/13	250	$	2.40	46,300	453,700
	11/21/13	15,200	$	3.20	61,500	438,500
	1/9/14	100	$	2.55	61,600	438,400
	3/7/14	300	$	3.01	61,900	438,100
	3/12/14	300	$	3.03	62,200	437,800
	10/2/14	2,500	$	3.00	64,700	435,300
	In accordance with the retirement method, the aggregate cost of $10 and $77 was recorded against additional paid-in-capital for the years ended December 31, 2014 and 2013, respectively.
	The Company’s Articles of Incorporation authorize the issuance of four million shares of “blank check” preferred stock, with designations, rights and preferences to be determined from time to time by its Board of Directors. Accordingly, the Board of Directors is empowered, without further stockholder approval, to issue preferred stock with dividend, liquidation, conversion, voting or other rights. The Board of Directors has no current plans to issue any shares of preferred stock.

Deposits_And_Other_Assets

Deposits And Other Assets	12 Months Ended
	Dec. 31, 2014
Deposits And Other Assets
Deposits And Other Assets	NOTE 9 — Deposits and Other Assets
	Restricted Deposits   Restricted deposits include the bond deposit for the Czech gaming license of CZK 22,000, or $966 and $1,105 at December 31, 2014 and 2013, respectively.  In addition, this amount includes a loan security deposit of €300, or approximately $365, related to the Company’s Sparkasse Bank Loan and $12 as security deposit on the Company’s corporate office lease. (See Note 13. “Acquisition and Purchase Price Allocation,” below).

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2014
Income Taxes
Income Taxes
	NOTE 10 - Income Taxes
	The following table presents the U.S. and foreign components of pretax income (loss) before income taxes for the years ended December 31, 2014 and 2013:
		2014			2013
	U.S.	$	(703	)	$	(9	)
	Foreign	4,649			3,455
		$	3,946		$	3,446
	The Company files income taxes in the following jurisdictions: United States, Czech Republic and Germany.  In the Czech Republic, prior to January 1, 2012, gaming income was not subject to corporate income tax.  In lieu of income taxes, gaming income was subject to other taxes in the Czech Republic, including gaming and charity taxes, which were primarily based on percentages of gaming revenues.  Foreign net operating loss carry-forwards (disclosed below) were derived from non-gaming activities and could only be applied against non-gaming activities.  Effective January 1, 2012, the Czech government instituted an effective corporate income tax of 19.0%, on income.  For the year ended December 31, 2014, the Company recorded an income tax liability of $1,308, net of a $10 credit related to a past year income tax adjustment plus $161 in deferred income tax resulting from foreign book tax differences on fixed assets for the year ended December 31, 2014.  For the year ended December 31, 2013, TWC incurred income tax liability of $1,056, net of a $7 credit related to a prior year income tax adjustment.  Corporate income tax is payable by the end of June of the subsequent year.  In compliance with new tax regulations, the Company began making quarterly, estimated corporate income tax payments beginning for the quarter ended September 30, 2013.
	There was no U.S. income tax expense for 2014 and 2013.  Foreign income taxes, included in the consolidated statements of operations, for the years ended December 31, 2014 and 2013 are summarized below:
		2014			2013
	Current income taxes	$	1,147		$	1,056
	Deferred income tax expense	161
		$	1,308		$	1,056
	Effective income tax rate	33.1		%	30.6		%
	The effective income tax rate differs from the amount computed by applying the U.S. federal statutory income tax rate to income before income taxes for the year ended December 31, 2014 and 2013 as follows:
		2014			2013
	Federal statutory rate	$	1,342		$	1,172
	Foreign tax rate differential	(697		)	(518		)
	Permanent items	(300		)	(1,386		)
	Other	430			20
	Change in valuation allowance	533			1,768
		$	1,308		$	1,056
	At December 31, 2014, the Company had U.S. and foreign net operating loss carry forwards (“NOL’s”) of approximately $38,170 and $0, respectively, available to offset certain future income taxes payable.  However, based on limited analysis, a sizable warrant exercise in February 2001 or earlier events may have triggered significant limitations of preexisting U.S. NOL’s, pursuant to Section 382 of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), to the extent that substantially all of the Company’s existing U.S. NOL’s prior to February 2001, aggregating approximately $9,952, may be significantly limited.  The U.S. NOL’s generated subsequent to February 2001, aggregating approximately $28,218, resulted in an estimated $12,850 deferred tax asset at December 31, 2014.  A full valuation allowance has been established for these deferred tax assets since its realization is considered unlikely.  U.S. NOL’s cannot be used to offset Czech net income nor can Czech NOL’s be used to offset U.S. net income.
	The U.S. NOL’s will begin to expire in 2017.  During the year ended December 31, 2014, there was an immaterial amount of foreign NOL’s which expired.
	It is the policy of the Company to reinvest the undistributed earnings of its foreign subsidiaries in those operations and to continue to seek out acquisition opportunities.  As of December 31, 2014, the Company has not made a provision for U.S. or additional foreign withholding taxes of the unremitted earnings.
	The income tax liabilities, included in the consolidated balance sheets, for the years ended December 31, 2014 and 2013 are summarized below:
		2014			2013
	U.S. — Current	$	—		$	—
	U.S. — Deferred
	U.S. federal income tax liabilities
	Foreign — Current provision	1,157			1,043
	Foreign — Tax deposits applied	(1,094		)	(367		)
	Foreign — Last year tax paid to date	(901		)	(1,400		)
	Foreign — Last year tax due total (per tax returns)	901			1,400
	Current foreign income tax liability	63			676
	Deferred foreign tax liability	298			560
	Total income tax liabilities	$	361		$	1,236
	The components of the deferred tax balances at December 31, 2014 and 2013 are as follows:
		2014			2013
	Deferred tax assets:
	Accrued expenses	$	343		$	251
	Other	444			—
	Net operating loss carryforwards	17,381			17,347
	Total deferred tax assets	18,168			17,598
	Valuation allowance	(18,116		)	(17,583		)
	Total deferred tax assets	52			15
	Deferred tax liabilities - property, plant, and equipment	(350		)	(575		)
	Total deferred tax liability	(350		)	(575		)
	Net deferred tax liability	$	(298	)	$	(560	)

Stock_Options_and_Warrants

Stock Options and Warrants	12 Months Ended
	Dec. 31, 2014
Stock Options and Warrants
Stock Options and Warrants	NOTE 11 - Stock Options and Warrants
	Stock Options Plan  The activity in the Company’s stock option plan was as follows for the dates indicated:
			Number of		Range of		Weighted Average
			Options		Exercise Prices		Exercise Price
	Balance outstanding, January 1, 2013		660,575		$2.00-15.00		$	3.74
	Expired in 2013		(62,100	)	2.50-15.00		2.63
	Balance outstanding, December 31, 2013		598,475		$2.00-5.05		$	3.85
	Granted in 2014		200,000		3.2		3.2
	Exercised in 2014		(300	)	3		3
	Expired in 2014		(203,050	)	2.00-5.05		2.63
	Balance outstanding, December 31, 2014		595,125		$2.00-4.10		$	3.41
	Exercisable, December 31, 2014		445,125		$2.00-4.10		$	3.48
	On January 4, 2008, pursuant to the Company’s 2004 Equity Incentive Plan and as part of his compensation package, TWC granted its Managing Director of Operations, who is a resident of the Czech Republic and is not a named executive officer of the Company, options to purchase 10,000 shares of the Company’s Common Stock.  The seven-year options have all vested as of December 31, 2014.  The exercise price for these options is $4.10 per share, the market closing price at the date of grant.
	On May 26, 2009, TWC also granted options to purchase 410,000 shares of the Company’s Common Stock to 10 KMEs.  The seven-year options vest in four equal parts, with the first part on the date of grant and each subsequent part on the anniversary of the grant date.  The exercise price for these options, vested and unvested, is $3.50 per share, the market closing price at the date of grant. These options have fully vested as of December 31, 2014.
	On November 11, 2014, pursuant to the Company’s 2014 Equity Incentive Plan, Mr. Ramadan was granted five-year options to purchase 200,000 shares of Common Stock that vest in four equal parts, with the options to acquire 50,000 shares vesting immediately upon the date of grant and options to acquire 50,000 shares vesting subsequently upon each anniversary of the grant date.  The exercise price of all these options was initially set at $3.20 per share, the closing stock price on the date of grant, and will escalate by 4.0% annually on each anniversary date.
	As of December 31, 2014, there was approximately $176 of total unrecognized compensation cost related to unvested share-based compensation awards granted under the equity compensation plans, which will be amortized over the weighted average remaining requisite service period of three years.  Of the approximately $176 of total unrecognized compensation cost, the Company expects to recognize approximately $59 each for 2015, 2016 and 2017.
	In each instance, the option exercise price per share was equal to or above the market value of the underlying stock on the date of grant.  Options generally expire between five and ten years after the date of grant or earlier upon termination of employment, as defined in the plan or agreements.
	The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the below assumptions related to risk-free interest rates, expected dividend yield, expected lives and expected stock price volatility.
	Grant Year		2014
	Stock price volatility		39.2	%
	Risk-free interest rate		1.6	%
	Expected life (in years)		5.0
	Expected dividend yield		0.0	%
	Other than the grant in November 2014 noted above, no other grants were issued in 2014, and none were granted in 2013.
	Additional information about the Company’s outstanding stock options at December 31, 2014 is as follows:
			Options Outstanding
					Weighted
					Average
					Remaining		Weighted
					Contractual		Average
	Range of		Number of		Life		Exercise			Intrinsic
	Exercise Prices		Shares		(in Years)		Price			Value
	$0.01 to $2.50		50		0.87		$	2.20		$	47
	$2.51 to $3.00		50		0.88		$	2.95		$	9
	$3.01 to $3.20		200,025		4.87		$	3.20		$	—
	$3.21 to $4.00		385,000		1.40		$	3.50		$	—
	$4.01 to $10.00		10,000		0.01		$	4.10		$	—
			595,125		2.54		$	3.41		$	55.50
	Warrants  The activity in the Company’s warrants is as follows:
	Exercise Price				Balance,							Balance,					Balance,
	per		Warrants		January 1,		Granted		Exercised		Expired	December 31,	Granted	Exercised	Expired		December 31,
	Warrants		Expiring		2013		2013		2013		2013	2013	2014	2014	2014		2014
	3		11/30/14		75,000	-1	—		—		—	75,000	—	—	(75,000	)	—
					75,000		—		—		—	75,000	—	—	(75,000	)	—
		-1		On November 30, 2009, TWC granted 75,000 five-year warrants to purchase TWC Common Stock at the then market price of $3.00 per share, in connection with the Company’s engagement of a capital markets advisor.  The warrants expired on November 30, 2014.

Compensation_Plans

Compensation Plans	12 Months Ended
	Dec. 31, 2014
Compensation Plans
Compensation Plans	NOTE 12 - Compensation Plans
	2014 Equity Incentive Plan  In April 2014, TWC’s Board of Directors (the “Board”) unanimously adopted the 2014 Equity Incentive Plan (“2014 Equity Plan”), which was subsequently approved by the shareholders of the Company at its Annual Meeting held in June 2014.  The 2014 Equity Plan supercedes the 2004 Equity Incentive Plan, which expired in May 2014.
	The 2014 Equity Plan provides that certain awards made under the plan may be eligible for designation as “qualified performance-based compensation” which may be exempt from the $1,000 deduction limit imposed on publicly-held corporations by Section 162(m) of the Internal Revenue Code.  The type of awards that may be granted, under the 2014 Equity Plan, by the Compensation Committee of the Board, in its discretion from time to time, include stock options, stock appreciation rights, restricted stock and restricted stock units, other stock-based awards and performance awards.
	The 2014 Equity Plan provides the Committee with the discretion to grant to any participant annually any awards not to exceed 200,000 shares of Common Stock and/or any restricted stock or restricted stock units that are not subject to the achievement of a performance target or targets covering more than an aggregate of 150,000 shares.  The plan stipulates the authorized number of shares available with respect to which awards may be granted under the plan shall be 660,750, of which 460,750 remained available for issuance as of December 31, 2014.  See also Mr. Ramadan’s option grant on November 11, 2014 in Note 11 “Stock Options and Warrants,” above.
	Additionally, option awards will be available for grants to the executive officers and non-employee directors as well as other key employees, except that non-employee directors are eligible to receive only awards of non-qualified stock options.
	The 2014 Equity Plan also contains the following provisions:  (i) no stock option repricings (without the approval of the Company’s shareholders); (ii) limitations on shares other than for stock options; (iii) no discounts on stock options; (iv) minimum three year vesting periods for restricted stock and other stock-based awards; (v) no “evergreen” provisions; and (vi) conformity to Section 409A of the Internal Revenue Code.
	401 (k) Plan  The Company maintains a contributory 401(k) plan. This plan is for the benefit of all U.S.-based, eligible corporate employees, who may have a portion of their salary withheld, not to exceed the maximum federally allowed amount. The Company makes an employer-matching contribution of 60 cents for each employee dollar contributed, which totaled $49 and $45 for the years 2014 and 2013, respectively.
	2014 Profit Sharing Plan  The 2014 Profit Sharing Plan was recommended by the Compensation Committee of the Board and approved by the Board of Directors on April 4, 2014.  The 2014 Profit Sharing Plan permits designated KMEs to share in the profits of the Company.  The profit sharing pool was calculated based on a graduated scale of the attainment of consolidated year-end net income before taxes versus the annual budget and the maximum sum to be distributed from that pool will be determined annually as a percentage of the aggregate of the annual salaries of the KMEs.  Each KME is required, pursuant to the 2014 Profit Sharing Plan, to defer 50% of his or her annual profit sharing award, if attained, into the Deferred Compensation Plan. For the year ended December 31, 2014, a pool of $700 was reserved, pursuant to achievement of the target budget, for that year.  Pursuant to the terms of the 2014 and 2013 Profit Sharing Plans, 50% or approximately $350, and 40% or approximately $199, respectively, of the Profit Sharing Plan awards, will be and were deferred, respectively, into the Deferred Plan, to be paid out as stock.
	Deferred Compensation Plan  On May 17 , 2006, the Compensation Committee of the Board unanimously recommended, and the Board approved and adopted, TWC’s Deferred Compensation Plan (the “Deferred Plan”), which provides certain key employees and non-employee directors the opportunity to defer receipt of specified portions of their compensation and to have such deferred amounts treated as if invested in the Common Stock of the Company.
	The Company adopted the Deferred Plan with the intention that it shall at all times be characterized as a “top hat” plan of deferred compensation maintained for a select group of management, as described under the Employee Retirement Income Security Act of 1974 (“ERISA”) Sections 201(2), 301(a)(3) and 401(a)(1).  The Deferred Plan shall at all times satisfy Section 409A of the Internal Revenue Code.  Pursuant to a participant’s election, the unfunded Deferred Plan obligations are payable in the form of Common Stock and cash upon the earlier of:  (i) a designated, in-service distribution date which must be a minimum of three years from the year of the first deferral; (ii) separation from service; (iii) disability; (iv) change in control of the Company; or (v) death.  A participant’s election form must specify whether the payments will be made by lump sum or by installments, and the number of annual installments (with a minimum of two and a maximum of five installments).

Acquisition_and_Purchase_Alloc

Acquisition and Purchase Allocation	12 Months Ended
	Dec. 31, 2014
Acquisition and Purchase Price Allocation
Acquisition and Purchase Price Allocation
	NOTE 13 — Acquisition and Purchase Price Allocation
	On September 10, 2014, TWC, through its Czech subsidiary, TWH&E, acquired all of the partnership interests of a private family partnership that owned the Hotel Columbus, a four-star 117-room hotel property (the “Hotel Columbus”) located in Seligenstadt, Germany, near Frankfurt, for €5,700, or approximately $6,900, excluding transfer taxes and closing costs. Although the transaction closed, and TWH&E acquired the Hotel Columbus on September 10, 2014, the signing parties agreed to set the acquisition date retroactive to September 1, 2014, which had no impact on the purchase price. The purchase agreement called for the cash purchase by TWC of all of the partnership interests subject to a final reconciliation of the purchase price. The Company acquired the partnership through a combination of cash payment from its available cash, totaling approximately €2,100, or approximately $2,600, and financed the remainder by means of a €3,600, or approximately $4,400, 15-year, amortizable loan from a local German bank, Bank Sparkasse Langen-Seligenstadt (the “Sparkasse Loan”), at a fixed interest rate of 3.1% for the first ten years, followed by a prevailing market-based rate for this type of loan for the remainder of the term. The loan is partially secured by a cash deposit equaling one year’s principal and interest payments and is held in a savings account with, and a mortgage on the hotel in favor of, the lender. The restricted cash arising from this deposit of approximately $365 is classified within the Company’s “Deposits and Other Assets” of the consolidated balance sheets.
	The Sparkasse Loan was signed on September 9, 2014 and the purchase agreement was signed on September 10, 2014.  The Hotel Columbus is owned under TWH&E’s wholly-owned German subsidiary, Trans World Hotels Germany GmbH (“TWHG”).  Operating results from the Hotel Columbus since September 1, 2014 have been included in the Company’s consolidated statements of operations and comprehensive income (loss) for the year ended December 31, 2014, and the assets and liabilities are reflected in TWC’s consolidated balance sheet as of December 31, 2014.
	The Company accounts for its business acquisitions under the acquisition method of accounting as indicated in FASB ASC 805 (“ASC 805”), Business Combinations, which requires the acquiring entity in a business combination to recognize the fair value of all assets acquired, liabilities assumed, and establishes the acquisition date as the fair value measurement point. Accordingly, the Company identified and recorded assets acquired and liabilities assumed in this business combination, based on fair value estimates as of the date of acquisition.  The purchase price allocation process requires an analysis and valuation of acquired assets, which may include fixed assets, technologies, customer contracts and relationships, trade names and liabilities assumed, including contractual commitments and legal contingencies.  Based on preliminary estimates and assumptions, the Company determined that there were no material fair values in the technologies, customer contracts and relationships, trade names and liabilities assumed were inconsequential.  Further, the Company estimates that there were no intangible assets acquired, no liabilities assumed, and no goodwill derived from the purchase.
	Pending finalization of the Company’s review of the fair value of assets acquired the Company allocated initial fair value of all acquired assets, before depreciation, at December 31, 2014, as follows:
	Purchase Price Allocation	EUR		USD
	Cash	€	2,100	$	2,627
	Bank loan	3,600		4,300
	Total purchase price consideration	€	5,700	$	6,927
	Provisional amounts assigned to assets acquired:
	Land	647		776
	Buildings	4,460		5,438
	Property & equipment	593		713
		€	5,700	$	6,927
	The estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed.  The Company believes that information provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the Company is waiting for additional information necessary to finalize those fair values.  Therefore, the provisional measurements of fair value reflected are subject to change and such changes could be significant.  The Company expects to finalize the valuation and complete the purchase price allocation as soon as practicable, but no later than one year from the acquisition date.
	The following unaudited pro forma results of operations for the years ended December 31, 2014 and 2013 presented are provided for illustrative purposes only and assume the acquisition occurred as of January 1, 2013 and do not assume any cost savings from TWC’s management of the operations. The unaudited pro forma financial results do not purport to be indicative of the results of operations for future periods or the results that actually would have been realized had TWC operated the Hotel Columbus during these periods. The unaudited pro forma results are presented in thousands, except share and per share information.
		Year Ended December 31,
		2014		2013
	REVENUES	$	40,089	$	38,931
	NET INCOME	$	3,040	$	2,794
	WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
	Basic	8,814,287		8,824,406
	Diluted	9,119,787		9,052,471
	EARNINGS PER COMMON SHARE:
	Basic	$	0.34	$	0.32
	Diluted	$	0.33	$	0.31

Segment_Information

Segment Information	12 Months Ended
	Dec. 31, 2014
Segment Information
Segment Information	NOTE 14 — Segment Information
	Effective since the acquisition of the Hotel Columbus as of September 1, 2014, the Company recognized two principal reportable segments (a casino segment and a hotel segment) and corporate.  There are no internal transactions between our operating segments.  The Hotel Savannah and Spa is reported under the casino segment.
	Below is a presentation of the reportable operating segments:
	Operation by Segment
		Year Ended December 31, 2014												Year Ended December 31, 2013
		Casino			Hotel			Corporate			Consolidated			Casino			Hotel		Corporate			Consolidated
	Total revenues	$	37,556		$	919		$	—		$	38,475		$	36,487		$	—	$	—		$	36,487
	Costs and expenses:
	Cost of revenues	20,265			467			—			20,732			19,757			—		—			19,757
	Depreciation and amortization	1,536			85			9			1,630			1,590					10			1,600
	Selling, general and administrative	7,776			642			3,700			12,118			8,623					3,009			11,632
	Other expense (income)	6			43						49			59					(7		)	52
	Total costs and expenses	(29,583		)	(1,237		)	(3,709		)	(34,529		)	(30,029		)			(3,012		)	(33,041		)
	Income before foreign income taxes	7,973			(318		)	(3,709		)	3,946			6,458					(3,012		)	3,446
	Foreign income taxes	(1,308		)							(1,308		)	(1,056		)						(1,056		)
	Net income	$	6,665		$	(318	)	$	(3,709	)	$	2,638		$	5,402		$	—	$	(3,012	)	$	2,390

Summary_of_Selected_Significan

Summary of Selected Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2014

Summary of Significant Accounting Policies

Principles of Consolidation and Basis of Presentation

Principles of Consolidation and Basis of Presentation  The accompanying consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”), and pursuant to the accounting and disclosure rules and regulations of the Securities and Exchange Commission (the “SEC”) and Regulation S-X.

The functional currency of the Czech subsidiaries is the local Czech koruna (“CZK”) and the functional currency of the German subsidiary is the euro currency (“EUR”).  However, as our primary reporting subsidiary, TWH&E, is a Czech entity, all revenues and expenses, regardless of sources of origin, are recognized (and in the case of the German hotel operation, are recognized first) in the Czech currency and translated to USD for reporting purposes

All intercompany balances and transactions have been eliminated in consolidation.  Certain prior year amounts have been reclassified to conform to this year’s financial statements presentation.

Cash and Cash Equivalents

Cash and Cash Equivalents   Cash and cash equivalents comprise of cash in hand; current balances with banks and similar institutions; term deposits of three months or less with banks and similar institutions.  The carrying amounts of cash at bank and in hand and term bank deposits approximate their fair values.

Property and Equipment

Property and Equipment  Property and equipment is stated at cost less accumulated depreciation and amortization.  TWC capitalizes the cost of improvements that extend the life of the asset and expenses maintenance and repair costs as incurred.  The Company provides for depreciation and amortization using the straight-line method over the following estimated useful lives:

Asset

Estimated Useful Life

Building

20-50 years

Furniture, fixtures and other equipment

3-12 years

Leasehold improvements

5-50 years

Goodwill

Goodwill  Goodwill represents and remains the excess of the cost of the Company’s Czech subsidiaries over the fair value of their net assets at the date of acquisition, which consisted of the Ceska casino and a parcel of land in Hate, upon which the Route 59 Casino and the Hotel Savannah and Spa (jointly referred to as the “Route 59 Complex”) reside. Goodwill is subject to at least an annual assessment for impairment, applying a fair-value based test. The Company has allocated the goodwill over two geographical reporting units and are classified as the “German reporting unit” which consists of the Ceska casino, and the “Austrian reporting unit” which consists of a parcel of land in Hate.  Goodwill impairment tests allow the Company to first assess qualitative factors to determine whether it is necessary to perform a two-step quantitative goodwill impairment test.  The Company is not required to calculate the fair value of a reporting unit unless it determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount.  The Company assesses the potential impairment of goodwill annually (as of September 30th) and on an interim basis whenever events or changes in circumstances indicate that the carrying value may not be recoverable.  Upon completion of such review, if impairment is found to have occurred, a corresponding charge will be recorded.

Based on TWC’s own assessment of qualitative factors which included an analysis of macroeconomic conditions, financial performance, industry and market considerations, and other factors, the Company concluded that it was not necessary to perform a two-step quantitative goodwill impairment test and that the goodwill of the Company was not impaired as of September 30, 2014, its annual assessment date.  There were no triggering factors during the fourth quarter of 2014, hence, no additional goodwill impairment testing was warranted as of December 31, 2014.

Comprehensive Income (Loss)

Comprehensive Income (Loss) —  The Company complies with requirements for reporting comprehensive income (loss).  Those requirements establish rules for reporting and display of comprehensive income and its components.  Furthermore, they require the Company’s change in the foreign currency translation adjustments to be included in other comprehensive income (loss).  There are no other components of the Company’s comprehensive income (loss) in 2014 and 2013.

Foreign Currency Translation

Foreign Currency Translation  The Company complies with requirements for reporting foreign currency translation, which require that for foreign subsidiaries whose functional currency is the local foreign currency, balance sheet accounts are translated at exchange rates in effect at the end of the year and resulting translation adjustments are included in “accumulated other comprehensive income.”  Statement of income accounts are translated by applying monthly averages of daily exchange rates on the respective monthly local statement of operations accounts for the year.

The impact of foreign currency translation on goodwill is presented below:

Applicable

Goodwill

Foreign Exchange

German

Austrian

As of December 31, 2014 (in thousands, except FX)

Rate (“FX”) (2)

reporting unit

reporting unit

Total

Residual balance, as of January 1, 2003 (in USD) (1)

USD

3,042

USD

537

USD

3,579

USD residual balance, translated at June 30, 1998 (date of acquisition) FX rate of:

33.8830

CZK

103,072

CZK

18,195

CZK

121,267

2003 CZK balance, translated to USD, at December 31, 2014 FX rate of:

22.7853

USD

4,524

USD

798

USD

5,322

Net cumulative change to goodwill due to foreign currency translation

USD

1,482

USD

261

USD

1,743

-1

Goodwill was amortized over 15 years until the Company started to comply with revised GAAP requirements, as of January 1, 2002.

This balance represents the remaining, unamortized goodwill, after an impairment charge taken prior to January 1, 2003.

-2

FX (interbank) rates taken from www.Oanda.com.

Earnings Per Common Share

Earnings Per Common Share  The Company complies with accounting and disclosure requirements regarding earnings per share.  Basic earnings per common share are computed by dividing net income by the weighted average number of common shares outstanding during the period.  Diluted earnings per common share incorporate the dilutive effect of Common Stock equivalents on an average basis during the period.  As of December 31, 2014, the Company’s Common Stock equivalents include 595,125 unexercised stock options, 75,000 shares of restricted stock, and 305,482 shares issuable under the Company’s Deferred Compensation Plan.  As of December 31, 2013, the Common Stock equivalents included 598,475 unexercised stock options, 75,000 outstanding warrants, 75,000 shares of restricted stock, and 228,049 deferred compensation shares.  These shares for the respective years were included in the computation of diluted earnings per common share, if such unexercised stock options, warrants, restricted stock, and deferred compensation stock were vested and “in-the-money.”

A table illustrating the impact of dilution on earnings per share, based on the treasury stock method, is presented below:

For the Year Ended

(amounts in thousands, except for

December 31,

share information)

2014

2013

Basic earnings per share:

Net income

$

2,638

$

2,390

Weighted average common shares

8,814,287

8,824,406

Basic earnings per share

$

0.30

$

0.27

Diluted earnings per share:

Net income

$

2,638

$

2,390

Weighted average common shares

8,814,287

8,824,406

Addition due to the effect of dilutive securities using the treasury stock method:

Stock options, restricted stock and warrants

18

16

Stock issuable under the Deferred Compensation Plan

305,482

228,049

Dilutive potential common shares

9,119,787

9,052,471

Diluted earnings per share

$

0.29

$

0.26

Revenue Recognition

Revenue Recognition  Casino revenue is defined as the net win from gaming activities, which is the difference between gaming wagers and the amount paid out to patrons, and is recognized on the day it is earned.  Revenues generated from ancillary services, including room rentals, sales of food, beverage, cigarettes, spa services, and casino logo merchandise are recognized at the time the related services are performed or goods sold, and represent, in the aggregate, 7.1% and 4.4% of total revenues for the years ended December 31, 2014 and 2013, respectively.  Rooms revenue represented 4.0% and 2.3% of total revenues, for the same annual comparison, respectively.  Food and beverage revenues represent approximately 2.6% and 1.7% of total consolidated revenues for the years ended December 31, 2014 and 2013, respectively.

Business Acquisitions

Business Acquisitions  Assets acquired and liabilities assumed in business combinations are recorded on the Company’s consolidated balance sheets as of the respective acquisition dates based upon their estimated fair values at such dates.  The results of operations of businesses acquired by the Company have been included in the consolidated statements of income since their respective dates of acquisition.  In certain circumstances, the purchase price allocations may be based upon preliminary estimates and assumptions.  Accordingly, the allocations are subject to revision until the Company receives final information and other analyses during the measurement period ending a year after the date of acquisition.

Segment reporting

Segment Reporting  On September 1, 2014, the Company acquired Hotel Columbus and after this acquisition, the Company determined, due to the significance of the assets acquired and pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 280, Segment Reporting, that the Company had two reportable segments, a casino segment and a hotel segment.  ASC 280 designates the internal reporting that is used by management for making operating decisions and assessing performance as the source of the Company’s reportable segments.  The Company is including this segment reporting under Note 14 below.

Promotional Allowances

Promotional Allowances  Promotional allowances primarily consist of the provision of complimentary food and beverages and, to certain of its valuable players, hotel accommodations.  For the years ended December 31, 2014 and 2013, revenues do not include the retail amount of food and beverages (“F&B”) and hotel accommodations of $7,752 and $6,996, respectively, provided at no-charge to customers. The retail value of the F&B given away is determined by dividing the F&B costs charged to the gaming operation of $2,447 and $2,412, for the respective periods, by the average percentage of cost of F&B sold.  The cost of hotel accommodations is either the out-of-pocket expenses paid to other hotels to accommodate TWC’s customers or the retail charge of room accommodations at the Company’s Hotel Savannah and at its VIP guest rooms at Ceska and at Route 55.

The promotional allowances are summarized below:

For the Year Ended

December 31,

(amounts in thousands)

2014

2013

Cost of complimentary F&B (A)

$

2,447

$

2,412

Average cost of F&B sold (B)

32.2

%

34.8

%

Retail value of F&B (A/B)

7,599

6,931

Cost of hotel accommodations

153

65

Total hypothetical retail value

$

7,752

$

6,996

External Advertising

External Advertising   The Company complies with the accounting and reporting requirements for reporting on advertising costs.  External advertising expenses are charged to operations as incurred and were $458 and $664 for the years ended December 31, 2014 and 2013, respectively.

Fair Value of Financial Instruments

Fair Value of Financial Instruments  The fair values of the Company’s assets and liabilities that qualify as financial instruments approximate their carrying amounts presented in the accompanying consolidated balance sheets at December 31, 2014 and 2013, respectively.

Use of Estimates

Use of Estimates  The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

Impairment Of Long-Lived assets

Impairment of Long-Lived Assets  The Company periodically evaluates whether current facts or circumstances indicate that the carrying value of its depreciable assets to be held and used may be recoverable.  If such circumstances are determined to exist, an estimate of undiscounted future cash flows produced by the long-lived assets, or by the appropriate grouping of assets, is compared to the carrying value to determine whether an impairment exists.  If an asset is determined to be impaired, the loss is measured based on the difference between the asset’s fair value and its carrying value. An estimate of the asset’s fair value is based on quoted market prices in active markets, if available. If quoted market prices are not available, the estimate of fair value is based on various valuation techniques, including a discounted value of estimated future cash flows. The Company reports an asset to be disposed of at the lower of its carrying value or its estimated net realizable market value. There were no impairment losses for long-lived assets recorded for the years ended December 31, 2014 and 2013, respectively.

Stock-based Compensation

Stock-based Compensation  The Company accounts for stock options and warrants using the modified prospective method in accordance with FASB ASC 718-10, “Compensation-Stock Compensation.”  Under this method, compensation costs include the estimated grant date fair value of the awards amortized over the options’ vesting period.  The Company currently utilizes the Black-Scholes option pricing model to measure the fair value of stock options granted to certain key management employees (“KMEs”), as well as for warrants issued to third parties for services.  Stock-based compensation was approximately $59 and $0 for the years ended December 31, 2014 and 2013, respectively, and is included in selling, general and administrative expenses in the consolidated statements of operations.

Czech Gaming Taxes

Czech Gaming Taxes  A flat gaming tax of 20.0% is assessed on all live game and slot revenues.  Additionally, a daily tax on each slot machine is also assessed. A summary of the Gaming Tax Law is presented below, in actual monetary amounts (not in thousands):

Gaming Tax Law *

(Effective January 1, 2012)

Live Games

20% Gaming Tax from revenue earned from live games (70% of tax paid to the federal government; 30% paid to the local municipality).

Slots

20% Gaming Tax from revenue earned from slot games (20% of tax paid to the federal government; 80% paid to the local municipality);

Fifty five Korunas (or approximately three U.S. dollars) Gaming Tax per Slot Machine, per Day (paid to the federal government).

Net Income

19% corporate income tax on adjusted net income earned in the Czech Republic, net of exemptions (paid to the federal government).

* The Gaming Tax is to be paid quarterly, by the 25th day following the end of a quarter, while corporate income tax obligation is paid by June 30th of the subsequent year.  The Company is also required to make estimated quarterly income tax payments since the third quarter of 2013.  TWC is current on all of its Czech tax payments at December 31, 2014 and through the date of this report.

TWC’s gaming-related taxes and fees, which are recognized in the Gaming Department’s expenses, for the years ended December 31, 2014 and 2013 are summarized in the following table:

For the Year Ended

December 31,

(amounts in thousands)

2014

2013

Gaming revenues (excluding ancillary revenues)

$

34,024

$

33,203

Gaming taxes

7,160

6,975

Gaming taxes as % of gaming revenues (above)

21.0

%

21.0

%

In conformity with the European Union (“EU”) taxation legislation, the Czech Republic’s VAT has gradually increased from 5%, when that country joined the EU in 2004, to 21%, the effective rate since 2013.  Unlike in other industries, VATs are not recoverable for gaming operations.  The recoverable VAT under the Hotel Savannah and Hotel Columbus operations was not material for the years ended December 31, 2014 and 2013, respectively.

Effective November 28, 2013, in order to reflect the Company’s industry diversification, TWC renamed its primary Czech subsidiary, American Chance Casinos a.s. to “Trans World Hotels & Entertainment, a.s.” (“TWH&E”), while still operating its casinos under the ACC brand, without interruption.  Effective January 1, 2014, in the final stage of consolidation, the Trans World Hotels k.s. legal entity, which owns Hotel Savannah and the Spa, was merged into TWH&E.

Income Taxes

Income Taxes  The Company complies with accounting and reporting requirements with respect to accounting for U.S. federal and foreign income taxes, which require an asset and liability approach to financial accounting and reporting for income taxes.  Deferred income tax assets and liabilities are computed for differences between the financial statement and the tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income.  Valuation allowances are established, when necessary, to reduce deferred income tax assets to the amount expected to be realized.  In accordance with U.S. GAAP, the Company is required to determine whether a tax position of the Company is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position.  The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement.  De-recognition of a tax benefit previously recognized could result in the Company recording a tax liability that would reduce net assets.  This policy also provides guidance on thresholds, measurement, de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition that is intended to provide better financial statement comparability among different entities.  The Company recognizes interest and penalties related to unrecognized tax benefits in interest expense and other expenses, respectively.  No interest expense or penalties have been recognized as of and for the years ended December 31, 2014 and 2013.  The Company is subject to income tax examinations by major taxing authorities for all tax years since 2011. However, management’s conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof.

Effective January 1, 2012, the Czech government instituted an effective corporate income tax of 19% on income derived from gaming revenues, which prior to the law changes were subject only to gaming taxes.  See Note 10 — “Income Taxes,” below.

Germany had an effective corporate income tax rate of 30% for the year ended December 31, 2014.  The Company was not subject to income tax for the year ended December 31, 2014 due to a net operating loss for the year ended December 31, 2014.

Recent Accounting Pronouncements

Recent Accounting Pronouncements  In May 2014, the FASB issued guidance on recognizing revenue from contracts with customers. The guidance clarifies the principles for recognizing revenue and establishes a common revenue standard for US GAAP and International Financial Reporting Standards.  This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016.  Early adoption is not permitted. Retrospective application is required.  The Company is currently evaluating the impact of adopting and does not expect the standard to have any material impact on its consolidated financial statements.

In June 2014, the FASB issued guidance on stock compensation that requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition.  As such, the performance target should not be reflected in estimating the grant-date fair value of the award.  The guidance is effective for annual reporting periods beginning after December 31, 2015, with early adoption permitted.  The Company is evaluating the potential impacts of the new guidance on its existing stock-based compensation plans.

In August 2014, the FASB issued guidance on the presentation of financial statements for a going concern. The aim is to provide guidance on management’s responsibility to evaluate whether there is substantial doubt about a company’s ability to continue as a going concern and to provide related footnote disclosures. This guidance is effective for fiscal years ending after December 15, 2016, and annual and interim periods thereafter. The Company is reviewing the new standard and does not expect this standard to have a material impact on the Company’s consolidated financial statements.

In November 2014, the FASB issued guidance on whether and at what threshold an acquired entity that is a business or nonprofit activity can apply pushdown accounting in its separate financial statements.  The guidance was effective on November 18, 2014.  The impact of the adoption did not have an effect on the Company’s consolidated financial statements.

Summary_of_Selected_Significan1

Summary of Selected Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2014
Summary of Significant Accounting Policies
Schedule of property and equipment
	Asset		Estimated Useful Life
	Building		20-50 years
	Furniture, fixtures and other equipment		3-12 years
	Leasehold improvements		5-50 years
Schedule of impact of foreign currency translation on goodwill
			Applicable		Goodwill
			Foreign Exchange		German				Austrian
	As of December 31, 2014 (in thousands, except FX)		Rate (“FX”) (2)		reporting unit				reporting unit		Total
	Residual balance, as of January 1, 2003 (in USD) (1)				USD	3,042			USD	537	USD	3,579
	USD residual balance, translated at June 30, 1998 (date of acquisition) FX rate of:		33.8830		CZK	103,072			CZK	18,195	CZK	121,267
	2003 CZK balance, translated to USD, at December 31, 2014 FX rate of:		22.7853		USD	4,524			USD	798	USD	5,322
	Net cumulative change to goodwill due to foreign currency translation				USD	1,482			USD	261	USD	1,743
		-1		Goodwill was amortized over 15 years until the Company started to comply with revised GAAP requirements, as of January 1, 2002.
	This balance represents the remaining, unamortized goodwill, after an impairment charge taken prior to January 1, 2003.
		-2		FX (interbank) rates taken from www.Oanda.com.
Schedule of impact of dilution on earnings per share from continuing operations, based on the treasury stock method
			For the Year Ended
	(amounts in thousands, except for		December 31,
	share information)		2014			2013
	Basic earnings per share:
	Net income		$	2,638		$	2,390
	Weighted average common shares		8,814,287			8,824,406
	Basic earnings per share		$	0.30		$	0.27
	Diluted earnings per share:
	Net income		$	2,638		$	2,390
	Weighted average common shares		8,814,287			8,824,406
	Addition due to the effect of dilutive securities using the treasury stock method:
	Stock options, restricted stock and warrants		18			16
	Stock issuable under the Deferred Compensation Plan		305,482			228,049
	Dilutive potential common shares		9,119,787			9,052,471
	Diluted earnings per share		$	0.29		$	0.26
Schedule of promotional allowances
			For the Year Ended
			December 31,
	(amounts in thousands)		2014			2013
	Cost of complimentary F&B (A)		$	2,447		$	2,412
	Average cost of F&B sold (B)		32.2		%	34.8		%
	Retail value of F&B (A/B)		7,599			6,931
	Cost of hotel accommodations		153			65
	Total hypothetical retail value		$	7,752		$	6,996
Summary of changes in gaming tax law	A summary of the Gaming Tax Law is presented below, in actual monetary amounts (not in thousands):
			Gaming Tax Law *
			(Effective January 1, 2012)
	Live Games		20% Gaming Tax from revenue earned from live games (70% of tax paid to the federal government; 30% paid to the local municipality).
	Slots		20% Gaming Tax from revenue earned from slot games (20% of tax paid to the federal government; 80% paid to the local municipality);
			Fifty five Korunas (or approximately three U.S. dollars) Gaming Tax per Slot Machine, per Day (paid to the federal government).
	Net Income		19% corporate income tax on adjusted net income earned in the Czech Republic, net of exemptions (paid to the federal government).
	* The Gaming Tax is to be paid quarterly, by the 25th day following the end of a quarter, while corporate income tax obligation is paid by June 30th of the subsequent year.  The Company is also required to make estimated quarterly income tax payments since the third quarter of 2013.  TWC is current on all of its Czech tax payments at December 31, 2014 and through the date of this report.
Schedule of gaming-related taxes and fees
			For the Year Ended
			December 31,
	(amounts in thousands)		2014			2013
	Gaming revenues (excluding ancillary revenues)		$	34,024		$	33,203
	Gaming taxes		7,160			6,975
	Gaming taxes as % of gaming revenues (above)		21.0		%	21.0		%

Property_and_Equipment_Tables

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2014
Property and Equipment
Schedule of property and equipment
		2014			2013
	Land	$	3,148		$	2,714
	Building and improvements	33,480			31,663
	Furniture, fixtures and other equipment	10,940			11,333
		47,568			45,710
	Less accumulated depreciation and amortization	(12,099		)	(12,246		)
		$	35,469		$	33,464

LongTerm_Debt_Tables

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2014
Long-Term Debt
Schedule of components of long-term debt	At December 31, 2014 and 2013, long-term debt consisted of the following:
			2014		2013
	Sparkasse Bank amortized loan (1)		$	4,300	$	—
	Ceska Municipal Loan (2)				138
			4,300		138
	Less current portions:
	Sparkasse Bank amortized loan		234
	Ceska Municipal Loan				138
			$	4,066	$	—
		-1		On September 9, 2014, the Company received a €3,600, or approximately $4,400, 15-year, amortized loan granted by a local German bank, Bank Sparkasse Langen-Seligenstadt (the “Sparkasse Bank Loan”) to purchase the Hotel Columbus.  The loan terms provide for a fixed interest rate of 3.1% for the first ten years, followed by a prevailing market-based fixed rate for this type of loan for the remaining five years of the term.  The loan is secured by the Hotel Columbus’ assets as well as a cash deposit of €300, approximately $365, or equaling approximately one year’s principal and interest payments and is held in a savings account with, and a mortgage on the hotel in favor of, the lender.  The loan terms required monthly payments at the end of each month and the loan will mature on September 9, 2029.
		-2		In November 2011, TWC purchased the Ceska casino building, associated land and an adjacent outbuilding and related plot from the town of Ceska Kubice, from which TWC had been renting the facilities.  In conjunction with this purchase, TWC was granted by the town of Ceska Kubice a three-year municipal loan of CZK 9,000, or $395. The loan, which was due to mature on November 23, 2014, was paid in full on January 16, 2014.
Schedule of principal payments due on long-term debt
	Year ending December 31,
	2015		$	234
	2016		241
	2017		249
	2018		257
	2019		265
	Thereafter		3,054
			$	4,300

Accrued_Expenses_and_Other_Cur1

Accrued Expenses and Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2014
Accrued Expenses and Other Current Liabilities
Schedule of accrued expenses and other current liabilities
		2014		2013
	Accrued payroll and related costs	$	882	$	894
	Operational accruals	422		313
	Incentives/bonus payable	700		495
	Accrued real estate transfer tax (Hotel Columbus)	354
		$	2,358	$	1,702

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies
Schedule of future aggregate minimum annual rental payments
	Year ending December 31,
	2015	$	51
	2016	24
	2017	—
	2018	—
	2019	—

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2014
Stockholders' Equity
Schedule of repurchase transactions
	ISSUER PURCHASES OF EQUITY SECURITIES
	Date	Total	Average		Cumulative Total of	Maximum Number
		Number of	Price Paid		Number of Shares	(or Approximate
		Shares	per Share		Purchased as Part of	Dollar Value) of
		Purchased			Publicly Announced	Shares That Could
					Plan	Have Been
						Purchased Under
						the Plan or
						Program
	11/19/12	4,900	$	2.50	4,900	495,100
	12/20/12	30,000	$	2.65	34,900	465,100
	1/16/13	5,000	$	2.50	39,900	460,100
	1/18/13	900	$	2.50	40,800	459,200
	1/25/13	4,500	$	2.50	45,300	454,700
	3/8/13	100	$	2.54	45,400	454,600
	3/25/13	200	$	2.50	45,600	454,400
	3/26/13	200	$	2.65	45,800	454,200
	4/4/13	250	$	2.65	46,050	453,950
	4/9/13	250	$	2.40	46,300	453,700
	11/21/13	15,200	$	3.20	61,500	438,500
	1/9/14	100	$	2.55	61,600	438,400
	3/7/14	300	$	3.01	61,900	438,100
	3/12/14	300	$	3.03	62,200	437,800
	10/2/14	2,500	$	3.00	64,700	435,300

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income Taxes
Schedule of the U.S. and foreign components of pretax income before income taxes
		2014			2013
	U.S.	$	(703	)	$	(9	)
	Foreign	4,649			3,455
		$	3,946		$	3,446
Schedule of the foreign income taxes, included in the consolidated statements of operations
		2014			2013
	Current income taxes	$	1,147		$	1,056
	Deferred income tax expense	161
		$	1,308		$	1,056
	Effective income tax rate	33.1		%	30.6		%
Schedule of effective income tax rate
		2014			2013
	Federal statutory rate	$	1,342		$	1,172
	Foreign tax rate differential	(697		)	(518		)
	Permanent items	(300		)	(1,386		)
	Other	430			20
	Change in valuation allowance	533			1,768
		$	1,308		$	1,056
Schedule of income tax liabilities included in the consolidated balance sheets
		2014			2013
	U.S. — Current	$	—		$	—
	U.S. — Deferred
	U.S. federal income tax liabilities
	Foreign — Current provision	1,157			1,043
	Foreign — Tax deposits applied	(1,094		)	(367		)
	Foreign — Last year tax paid to date	(901		)	(1,400		)
	Foreign — Last year tax due total (per tax returns)	901			1,400
	Current foreign income tax liability	63			676
	Deferred foreign tax liability	298			560
	Total income tax liabilities	$	361		$	1,236
Schedule of components of the deferred tax balances
		2014			2013
	Deferred tax assets:
	Accrued expenses	$	343		$	251
	Other	444			—
	Net operating loss carryforwards	17,381			17,347
	Total deferred tax assets	18,168			17,598
	Valuation allowance	(18,116		)	(17,583		)
	Total deferred tax assets	52			15
	Deferred tax liabilities - property, plant, and equipment	(350		)	(575		)
	Total deferred tax liability	(350		)	(575		)
	Net deferred tax liability	$	(298	)	$	(560	)

Stock_Options_and_Warrants_Tab

Stock Options and Warrants (Tables)	12 Months Ended
	Dec. 31, 2014
Stock Options and Warrants
Schedule of activity in the Company's stock option plan
			Number of		Range of		Weighted Average
			Options		Exercise Prices		Exercise Price
	Balance outstanding, January 1, 2013		660,575		$2.00-15.00		$	3.74
	Expired in 2013		(62,100	)	2.50-15.00		2.63
	Balance outstanding, December 31, 2013		598,475		$2.00-5.05		$	3.85
	Granted in 2014		200,000		3.2		3.2
	Exercised in 2014		(300	)	3		3
	Expired in 2014		(203,050	)	2.00-5.05		2.63
	Balance outstanding, December 31, 2014		595,125		$2.00-4.10		$	3.41
	Exercisable, December 31, 2014		445,125		$2.00-4.10		$	3.48
Schedule of option grant estimated on the date of grant using the Black Scholes option pricing method	Grant Year		2014
	Stock price volatility		39.2	%
	Risk-free interest rate		1.6	%
	Expected life (in years)		5.0
	Expected dividend yield		0.0	%
Summary of range of exercise prices for stock options outstanding
	Additional information about the Company’s outstanding stock options at December 31, 2014 is as follows:
			Options Outstanding
					Weighted
					Average
					Remaining		Weighted
					Contractual		Average
	Range of		Number of		Life		Exercise			Intrinsic
	Exercise Prices		Shares		(in Years)		Price			Value
	$0.01 to $2.50		50		0.87		$	2.20		$	47
	$2.51 to $3.00		50		0.88		$	2.95		$	9
	$3.01 to $3.20		200,025		4.87		$	3.20		$	—
	$3.21 to $4.00		385,000		1.40		$	3.50		$	—
	$4.01 to $10.00		10,000		0.01		$	4.10		$	—
			595,125		2.54		$	3.41		$	55.50
Schedule of activity in the Company's warrants
	Exercise Price				Balance,							Balance,					Balance,
	per		Warrants		January 1,		Granted		Exercised		Expired	December 31,	Granted	Exercised	Expired		December 31,
	Warrants		Expiring		2013		2013		2013		2013	2013	2014	2014	2014		2014
	3		11/30/14		75,000	-1	—		—		—	75,000	—	—	(75,000	)	—
					75,000		—		—		—	75,000	—	—	(75,000	)	—
		-1		On November 30, 2009, TWC granted 75,000 five-year warrants to purchase TWC Common Stock at the then market price of $3.00 per share, in connection with the Company’s engagement of a capital markets advisor.  The warrants expired on November 30, 2014.

Acquisition_and_Purchase_Price

Acquisition and Purchase Price Allocation (Tables)	12 Months Ended
	Dec. 31, 2014
Acquisition and Purchase Price Allocation
Schedule of Assets acquired and Liabilities assumed
	Purchase Price Allocation	EUR		USD
	Cash	€	2,100	$	2,627
	Bank loan	3,600		4,300
	Total purchase price consideration	€	5,700	$	6,927
	Provisional amounts assigned to assets acquired:
	Land	647		776
	Buildings	4,460		5,438
	Property & equipment	593		713
		€	5,700	$	6,927
Schedule of unaudited proforma results of operation
		Year Ended December 31,
		2014		2013
	REVENUES	$	40,089	$	38,931
	NET INCOME	$	3,040	$	2,794
	WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
	Basic	8,814,287		8,824,406
	Diluted	9,119,787		9,052,471
	EARNINGS PER COMMON SHARE:
	Basic	$	0.34	$	0.32
	Diluted	$	0.33	$	0.31

Segment_Information_Tables

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2014
Segment Information
Schedule of segment reporting information by segment
		Year Ended December 31, 2014												Year Ended December 31, 2013
		Casino			Hotel			Corporate			Consolidated			Casino			Hotel		Corporate			Consolidated
	Total revenues	$	37,556		$	919		$	—		$	38,475		$	36,487		$	—	$	—		$	36,487
	Costs and expenses:
	Cost of revenues	20,265			467			—			20,732			19,757			—		—			19,757
	Depreciation and amortization	1,536			85			9			1,630			1,590					10			1,600
	Selling, general and administrative	7,776			642			3,700			12,118			8,623					3,009			11,632
	Other expense (income)	6			43						49			59					(7		)	52
	Total costs and expenses	(29,583		)	(1,237		)	(3,709		)	(34,529		)	(30,029		)			(3,012		)	(33,041		)
	Income before foreign income taxes	7,973			(318		)	(3,709		)	3,946			6,458					(3,012		)	3,446
	Foreign income taxes	(1,308		)							(1,308		)	(1,056		)						(1,056		)
	Net income	$	6,665		$	(318	)	$	(3,709	)	$	2,638		$	5,402		$	—	$	(3,012	)	$	2,390

Nature_of_Business_Details

Nature of Business (Details)	0 Months Ended
	Sep. 10, 2014	Dec. 31, 2014
	room	item
Nature of Business
Number of casinos owned and operated		3
Hotel Columbus
Nature of Business
Number of rooms	117
Number Of Hotel Rooms	117
Western part of Czech Republic
Nature of Business
Number of casinos owned and operated		1
Ceska
Nature of Business
Number of gaming tables		15
Number of slot machines		100
Southern part of the CZ
Nature of Business
Number of casinos owned and operated		2
Route 55
Nature of Business
Number of gaming tables		23
Number of slot machines		138
Route 59
Nature of Business
Number of gaming tables		21
Number of slot machines		126
Hotel Savannah
Nature of Business
Number of rooms		77

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Details 1)	12 Months Ended
	Dec. 31, 2014
Building and improvements | Minimum
Property and Equipment
Property, Plant and Equipment, Useful Life	20 years
Building and improvements | Maximum
Property and Equipment
Property, Plant and Equipment, Useful Life	50 years
Furniture, fixtures and other equipment | Minimum
Property and Equipment
Property, Plant and Equipment, Useful Life	3 years
Furniture, fixtures and other equipment | Maximum
Property and Equipment
Property, Plant and Equipment, Useful Life	12 years
Leasehold improvements | Minimum
Property and Equipment
Property, Plant and Equipment, Useful Life	5 years
Leasehold improvements | Maximum
Property and Equipment
Property, Plant and Equipment, Useful Life	50 years

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details 2)	12 Months Ended				12 Months Ended			12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Jan. 01, 2003	Jan. 01, 2003	Jun. 30, 1998	Dec. 31, 2014	Jan. 01, 2003	Jan. 01, 2003	Dec. 31, 2014	Jan. 01, 2003	Jan. 01, 2003
	USD ($)	USD ($)	CZK		German reporting unit	German reporting unit	German reporting unit	Austrian reporting unit	Austrian reporting unit	Austrian reporting unit
	item				USD ($)	USD ($)	CZK	USD ($)	USD ($)	CZK
Goodwill
Number of geographical reporting units over which goodwill has been allocated	2
Impact of foreign currency translation on goodwill
Applicable Foreign Exchange Rate ("FX")	22.7853			33.883
Residual balance	$5,322	$3,579	121,267		$4,524	$3,042	103,072	$798	$537	18,195
Net increase to Goodwill	$1,743				$1,482			$261

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details 3) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Earnings per common share
Outstanding share-based options included in diluted EPS (in shares)	595,125	598,475	660,575
Outstanding share-based restricted stocks included in diluted EPS (in shares)		75,000
Outstanding warrants included in diluted EPS (in shares)	75,000	75,000
Basic Earnings Per Share:
Income from continuing operations	$2,638	$2,390
Weighted average common shares	8,814,287	8,824,406
Basic earnings per share (in dollars per share)	$0.30	$0.27
Diluted Earnings Per Share:
Income from continuing operations	$2,638	$2,390
Weighted average common shares	8,814,287	8,824,406
Addition due to the effect of dilutive securities:
Stock options and warrants (in shares)	18	16
Stock issuable restricted stock under the Deferred Compensation Plan	305,482	228,049
Dilutive potential common shares	9,119,787	9,052,471
Diluted earnings per share (in dollars per share)	$0.29	$0.26

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details 4)	0 Months Ended	4 Months Ended	12 Months Ended
	Sep. 01, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
	item	segment
Segment Information
Number of Reportable Segments	2	2
Total revenues | Product concentration | Ancillary services
Revenue recognition
Maximum revenues generated from ancillary services as a percentage of total revenues on an individual basis			7.10%	4.40%
Total revenues | Product concentration | Food and beverage revenues
Revenue recognition
Maximum revenues generated from ancillary services as a percentage of total revenues on an individual basis			2.60%	1.70%
Total revenues | Product concentration | Rooms revenue
Revenue recognition
Maximum revenues generated from ancillary services as a percentage of total revenues on an individual basis			4.00%	2.30%

Summary_of_Significant_Account5

Summary of Significant Accounting Policies (Details 5) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Promotional allowances
Cost of gratuitous F&B	$2,447	$2,412
Average cost of food and beverages sold (B) (as a percent)	32.20%	34.80%
Retail value of food and beverages (A/B)	7,599	6,931
Retail value of hotel accommodations	153	65
Total hypothetical retail value	7,752	6,996
External Advertising
External advertising expenses	458	664
Impairment of Long-Lived Assets
Impairment losses for long-lived assets	0	0
Stock-based Compensation
Share-based compensation	$59	$0

Summary_of_Significant_Account6

Summary of Significant Accounting Policies (Details 6)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2004	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012
	USD ($)	USD ($)		Czech Republic	Germany	New Gaming Tax Law	Live games revenues	Slot games revenues	Slot games revenues
						Czech Republic	New Gaming Tax Law	New Gaming Tax Law	New Gaming Tax Law
								USD ($)	CZK
Tax law change comparisons
Gaming Tax from Win (as a percent)							20.00%	20.00%	20.00%
Percentage of gaming tax receipt payable to federal government							70.00%	20.00%	20.00%
Percentage of gaming tax receipt payable to the local municipality							30.00%	80.00%	80.00%
Gaming Tax per Machine, per Day								$3	55
Gaming-related taxes and fees
Gaming revenues (live-game and slot only)	34,024,000	33,203,000
Gaming taxes on live games and slots	7,160,000	6,975,000
Licensing fees (eliminated in 2012)	21,000	21,000
VAT before joining EU (as a percent)			5.00%
VAT after joining EU (as a percent)		21.00%
Income Taxes
Income Tax Examination, Interest Expense	0	0
Income Tax Examination, Penalties Expense	$0	$0
Corporate income tax on adjusted net income (as a percent)				19.00%	30.00%	19.00%

Property_and_Equipment_Details

Property and Equipment (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Property and Equipment
Land, property and equipment, gross	$47,568	$45,710
Less accumulated depreciation and amortization	-12,099	-12,246
Land, property and equipment, net	35,469	33,464
Depreciation and amortization	1,630	1,600
Land
Property and Equipment
Land, property and equipment, gross	3,148	2,714
Building and improvements
Property and Equipment
Land, property and equipment, gross	33,480	31,663
Furniture, fixtures and other equipment
Property and Equipment
Land, property and equipment, gross	$10,940	$11,333

LongTerm_Debt_Details

Long-Term Debt (Details)

Dec. 31, 2014

Dec. 31, 2013

Sep. 10, 2014

Sep. 09, 2014

Dec. 31, 2014

Sep. 10, 2014

Sep. 10, 2014

Sep. 09, 2014

Sep. 09, 2014

Nov. 30, 2011

Nov. 30, 2011

Dec. 31, 2013

In Thousands, unless otherwise specified

USD ($)

USD ($)

Sparkasse Loan

Sparkasse Loan

Sparkasse Loan

Sparkasse Loan

Sparkasse Loan

Sparkasse Loan

Sparkasse Loan

Ceska Municipal Loan

Ceska Municipal Loan

Ceska Municipal Loan

USD ($)

USD ($)

EUR (€)

USD ($)

EUR (€)

USD ($)

CZK

USD ($)

Long-term debt

Long-term debt including current portion

$4,300

$138

$4,300

$138

Less current portions:

234

138

234

138

Long-term debt, total

4,066

Principal Amount

4,400

3,600

4,400

3,600

Debt instrument maturity term

15 years

15 years

3 years

3 years

Term loan

395

9,000

Interest rate (as a percent)

3.10%

3.10%

3.10%

3.10%

Number of years through which the fixed interest rate is applicable

10 years

10 years

Number of years through which the prevailing market-based fixed interest rate is applicable

5 years

Cash Deposits, held as security for loan

$365

€ 300

Number of year's of principal and interest payments held as security for loan

1 year

LongTerm_Debt_Details_2

Long-Term Debt (Details 2) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Principal payments due on long-term debt
2015	$234
2016	241
2017	249
2018	257
2019	265
Thereafter	3,054
Total	$4,300	$138

Accrued_Expenses_and_Other_Cur2

Accrued Expenses and Other Current Liabilities (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Accrued Expenses and Other Current Liabilities
Accrued payroll and related costs	$882	$894
Operational accruals	422	313
Incentives/bonus payable	700	495
Accrued real estate transfer tax (Hotel Columbus)	354
Accrued expenses and other current liabilities	$2,358	$1,702

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Slot Equipment
Operating lease other disclosures
Rent expense	$2,612	$2,467
Lease term	5 years
Slot Equipment | Minimum
Operating lease other disclosures
Lease term	5 years
Operating leases other than slot equipment
Operating lease other disclosures
Rent expense		88
Future aggregate minimum annual rental payments
2015	51
2016	$24

Commitments_and_Contingencies_2

Commitments and Contingencies (Details 2) (USD $)	12 Months Ended		0 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Nov. 11, 2014	Feb. 04, 2007	26-May-09	Oct. 23, 2007
			item
Commitments and Contingencies
Number of options granted (in shares)	200,000	0
Weighted average exercise price of vested options (in dollars per share)	$3.48
Stock issued per options exercise (in shares)	300
Mr. Rami S. Ramadan
Commitments and Contingencies
Perpetually renewable employment term	1 year
Annual compensation pursuant to the employment agreement	$450
Number of days prior to a Change of Control	120 days
Number of months after a Change of Control	24 months
Period after termination where the Company will pay certain terms and conditions	2 years
Options term			5 years	7 years
Number of options granted (in shares)			200,000	50,000
Exercise price (per share)			$3.20
Number of equal parts in which options are vested (in shares)			4
Number of shares vested immediately upon grant date			50,000
Number of shares that will vest upon the anniversary of the grant date			50,000
Percent increase in grant date stock price			4.00%
Weighted average exercise price of vested options (in dollars per share)	$3.20	4.67
Stock issued per options exercise (in shares)	0
Mr. Rami S. Ramadan | 2004 Equity Incentive Plan
Commitments and Contingencies
Options term						7 years
Number of options granted (in shares)						125,000
Exercise price (per share)					$5.05	$4.85
Mr. Rami S. Ramadan | Performance shares
Commitments and Contingencies
Shares to be granted, total	75,000
Shares granted, allotment	25,000
Shares vested	0

Risks_and_Uncertainties_Detail

Risks and Uncertainties (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Risks and Uncertainties
Foreign cash not insured by FDIC	$6,246	$5,866

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	0 Months Ended																	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Nov. 12, 2014	Oct. 02, 2014	Mar. 12, 2014	Mar. 07, 2014	Jan. 09, 2014	Nov. 21, 2013	Apr. 09, 2013	Apr. 04, 2013	Mar. 26, 2013	Mar. 25, 2013	Mar. 08, 2013	Jan. 25, 2013	Jan. 18, 2013	Jan. 16, 2013	Dec. 20, 2012	Nov. 19, 2012	Nov. 12, 2012	Dec. 31, 2014	Dec. 31, 2013	Oct. 02, 2014	Mar. 12, 2014	Mar. 07, 2014	Jan. 09, 2014	Nov. 21, 2013	Apr. 09, 2013	Apr. 04, 2013	Mar. 26, 2013	Mar. 25, 2013	Mar. 08, 2013	Jan. 25, 2013	Jan. 18, 2013	Jan. 16, 2013	Dec. 20, 2012	Nov. 19, 2012
Stockholders' Equity
Award expenses																		$59	$0
Authorized preferred stock (in shares)																		4,000,000	4,000,000
Deferred board fees to be paid in stock																		36	14
Contribution to the deferred Compensation Plan																		224	188
Shares authorized for repurchase																	500,000
Period over which shares is authorized to repurchase																	12 months
Program renewal period	2 years
Common stock, shares outstanding																		8,821,205	8,810,135
Total Number of Shares Purchased		2,500	300	300	100	15,200	250	250	200	200	100	4,500	900	5,000	30,000	4,900
Average Price Paid per Share (in dollars per share)		$3	$3.03	$3.01	$2.55	$3.20	$2.40	$2.65	$2.65	$2.50	$2.54	$2.50	$2.50	$2.50	$2.65	$2.50
Cumulative Total of Number of Shares Purchased as Part of Publicly Announced Plan																				64,700	62,200	61,900	61,600	61,500	46,300	46,050	45,800	45,600	45,400	45,300	40,800	39,900	34,900	4,900
Maximum Number (or Approximate Dollar Value) of Shares That Could Have Been Purchased Under the Plan or Program																				435,300	437,800	438,100	438,400	438,500	453,700	453,950	454,200	454,400	454,600	454,700	459,200	460,100	465,100	495,100
Shares buyback under the retirement method, pursuant to TWC Stock Repurchase Program																		$10	$77

Deposits_And_Other_Assets_Deta

Deposits And Other Assets (Details)	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2013
In Thousands, unless otherwise specified	USD ($)	CZK	EUR (€)	USD ($)	CZK
Restricted Deposits
Restricted deposits	$966	22,000		$1,105	22,000
Loan security deposit	365		300
Security deposit for corporate office lease	$12

Income_Taxes_Details

Income Taxes (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Jan. 31, 2001
Operating loss carry forwards
Estimated income tax liability incurred	$1,308	$1,056
Credit related to a past year income tax adjustment		7
Income tax expense	1,308	1,056
Components of pretax income before income taxes
Total	3,946	3,446
Foreign income taxes, included in the consolidated statements of operations
Foreign income taxes	1,147	1,056
Deferred income tax expense	161
FOREIGN INCOME TAXES	1,308	1,056
Effective income tax rate	33.10%	30.60%
U.S.
Operating loss carry forwards
Portion of U.S. NOL's prior to February 2001 significantly limited			9,952
Net operating loss carry forwards	38,170
U.S. NOL's generated subsequent to February 2001	28,218
Deferred tax asset attributable to U.S. NOL	12,850
Income tax expense	0	0
Components of pretax income before income taxes
Pretax income (loss) before income taxes, U.S.	-703	-9
Czech Republic
Operating loss carry forwards
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	19.00%
Foreign
Operating loss carry forwards
Estimated income tax liability incurred	1,308
Credit related to a past year income tax adjustment	10
Deferred income tax liabilities related to adjustments for prior years foreign book tax differences on fixed assets		161
Net operating loss carry forwards	0
Components of pretax income before income taxes
Pretax income (loss) before income taxes, Foreign	4,649	3,455
Foreign income taxes, included in the consolidated statements of operations
FOREIGN INCOME TAXES	$1,308

Income_Taxes_Details_2

Income Taxes (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Income tax liabilities
Foreign - Current	$1,157	$1,043
Foreign - Tax deposits paid (to be applied against future taxes)	-1,094	-367
Foreign - Last year tax paid to date	-901	-1,400
Foreign - Last year tax due total (per tax returns)	901	1,400
Foreign income tax accrual	63	676
Deferred foreign tax liability	298	560
Total income tax liabilities	361	1,236
Significant components of income tax liabilities
Federal statutory rate	1,342	1,172
Foreign tax rate differential	-697	-518
Permanent items	-300	-1,386
Other	430	20
Change in valuation allowance	533	1,768
Income tax expense	1,308	1,056
Deferred tax assets:
Accrued expenses	343	251
Other	444
Net operating loss carryforwards	17,381	17,347
Total deferred tax assets	18,168	17,598
Valuation allowance	-18,116	-17,583
Total deferred tax assets	52	15
Deferred tax liabilities
Deferred tax liabilities - property, plant, and equipment	-350	-575
Total deferred tax liability	-350	-575
Net deferred tax liability	-298	-560
U.S.
Significant components of income tax liabilities
Income tax expense	$0	$0

Stock_Options_and_Warrants_Det

Stock Options and Warrants (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Number of Options
Balance at the beginning of the period (in shares)	598,475	660,575
Granted (in shares)	200,000	0
Exercised (in shares)	-300
Expired (in shares)	-203,050	-62,100
Exercisable at the end of the period (in shares)	445,125
Balance at the end of the period (in shares)	595,125	598,475
Weighted Average Exercise Price
Balance at the beginning of the period (in dollars per share)	$3.85	$3.74
Granted in 2014 (in dollars per share)	$3.20
Exercised in 2014 (in dollars per share)	$3
Expired (in dollars per share)	$2.63	$2.63
Balance at the end of the period (in dollars per share)	$3.41	$3.85
Exercisable at the end of the period (in dollars per share)	$3.48
Minimum
Weighted Average Exercise Price
Balance at the beginning of the period (in dollars per share)	$2	$2
Expired (in dollars per share)	$2	$2.50
Balance at the end of the period (in dollars per share)	$2	$2
Exercisable at the end of the period (in dollars per share)	$2
Maximum
Weighted Average Exercise Price
Balance at the beginning of the period (in dollars per share)	$5.05	$15
Expired (in dollars per share)	$5.05	$15
Balance at the end of the period (in dollars per share)	$4.10	$5.05
Exercisable at the end of the period (in dollars per share)	$4.10

Stock_Options_and_Warrants_Det1

Stock Options and Warrants (Details 2) (USD $)	12 Months Ended		0 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Nov. 11, 2014	Feb. 04, 2007	Jan. 04, 2008	26-May-09	26-May-09	Oct. 23, 2007
			item			item
Stock Options Plan
Number of options granted (in shares)	200,000	0
Exercise price of options, vested and unvested (in dollars per share)	$3.20
Share-based compensation	$59	$0
Stock price volatility	39.20%
Risk-free interest rate	1.60%
Expected life (in years)	5 years
Expected dividend yield	0.00%
Minimum
Stock Options Plan
Options term	5 years
Maximum
Stock Options Plan
Options term	10 years
Mr. Rami S. Ramadan
Stock Options Plan
Number of options granted (in shares)			200,000	50,000
Options term			5 years	7 years
Number of equal parts in which options are vested (in shares)			4
Number of shares vested immediately upon grant date			50,000
Number of shares that will vest upon the anniversary of the grant date			50,000
Exercise price (per share)			$3.20
Percent increase in grant date stock price			4.00%
2014 Equity Incentive Plan
Stock Options Plan
Unrecognized compensation cost	176
Amortization period of unrecognized compensation cost	3 years
Share-based compensation to recognize each year for 2015, 2016, and 2017	$59
2014 Equity Incentive Plan | Mr. Rami S. Ramadan
Stock Options Plan
Number of options granted (in shares)			200,000
Options term			5 years
Number of equal parts in which options are vested (in shares)			4
Number of shares vested immediately upon grant date			50,000
Number of shares that will vest upon the anniversary of the grant date			50,000
Exercise price (per share)			$3.20
Percent increase in grant date stock price			4.00%
2004 Equity Incentive Plan | Managing Director of Operations
Stock Options Plan
Number of options granted (in shares)					10,000
Options term					7 years
Exercise price (per share)					$4.10
2004 Equity Incentive Plan | KMEs
Stock Options Plan
Number of options granted (in shares)						410,000
Options term						7 years
Number of equal parts in which options are vested (in shares)						4
Number of KMEs to whom options are granted						10
Exercise price (per share)						$3.50
2004 Equity Incentive Plan | Mr. Rami S. Ramadan
Stock Options Plan
Number of options granted (in shares)								125,000
Options term								7 years
Exercise price (per share)							$5.05	$4.85

Stock_Options_and_Warrants_Det2

Stock Options and Warrants (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2014
Company's outstanding stock options
Number of Options Outstanding (in shares)	595,125
Weighted Average Remaining Contractual Term	2 years 6 months 15 days
Weighted Average Exercise Price (in dollars per share)	$3.41
Intrinsic Value	$55,500
$0.01 - $2.50
Company's outstanding stock options
Exercise prices, low end of range (in dollars per share)	$0.01
Exercise prices, high end of range (in dollars per share)	$2.50
Number of Options Outstanding (in shares)	50
Weighted Average Remaining Contractual Term	10 months 13 days
Weighted Average Exercise Price (in dollars per share)	$2.20
Intrinsic Value	47,000
$2.51 - $3.00
Company's outstanding stock options
Exercise prices, low end of range (in dollars per share)	$2.51
Exercise prices, high end of range (in dollars per share)	$3
Number of Options Outstanding (in shares)	50
Weighted Average Remaining Contractual Term	10 months 17 days
Weighted Average Exercise Price (in dollars per share)	$2.95
Intrinsic Value	$9,000
$3.01 - $3.20
Company's outstanding stock options
Exercise prices, low end of range (in dollars per share)	$3.01
Exercise prices, high end of range (in dollars per share)	$3.20
Number of Options Outstanding (in shares)	200,025
Weighted Average Remaining Contractual Term	4 years 10 months 13 days
Weighted Average Exercise Price (in dollars per share)	$3.20
$3.21 - $4.00
Company's outstanding stock options
Exercise prices, low end of range (in dollars per share)	$3.21
Exercise prices, high end of range (in dollars per share)	$4
Number of Options Outstanding (in shares)	385,000
Weighted Average Remaining Contractual Term	1 year 4 months 24 days
Weighted Average Exercise Price (in dollars per share)	$3.50
$4.01 - $5.00
Company's outstanding stock options
Exercise prices, low end of range (in dollars per share)	$4.01
Exercise prices, high end of range (in dollars per share)	$10
Number of Options Outstanding (in shares)	10,000
Weighted Average Remaining Contractual Term	4 days
Weighted Average Exercise Price (in dollars per share)	$4.10

Stock_Options_and_Warrants_Det3

Stock Options and Warrants (Details 4) (USD $)	12 Months Ended	0 Months Ended
	Dec. 31, 2014	Nov. 30, 2009	Dec. 31, 2012
Warrants expiring on 30-Nov-2014
Warrants
Exercise Price per Warrants (in dollars per share)	$3
Activity in the company's warrants
Balance at the beginning of the period (in shares)	75,000		75,000
Balance at the end of the period (in shares)			75,000
Exercised (in shares)	-75,000
Warrant
Warrants
Exercise Price per Warrants (in dollars per share)		$3
Activity in the company's warrants
Granted (in shares)		75,000
Expiration term		5 years

Compensation_Plans_Details

Compensation Plans (Details) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014
Compensation Plans
Deduction limit	$1,000
2004 Equity Incentive Plan | Minimum | Restricted Stock and Others
Compensation Plans
Vesting period	3 years
2014 Equity Incentive Plan
Compensation Plans
Shares authorized	660,750
Shares available for issuance	460,750
2014 Equity Incentive Plan | Performance shares
Compensation Plans
Shares authorized	150,000
2014 Equity Incentive Plan | Maximum
Compensation Plans
Shares authorized	200,000

Compensation_Plans_Details_2

Compensation Plans (Details 2) (USD $)	12 Months Ended		0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	17-May-06
			installment
Deferred compensation plan
Employer-matching contribution	$0.60
Defined Contribution Plan, Cost Recognized	49,000	45,000
Deferred Compensation Plan
Deferred compensation plan
Requisite deferral as a percentage of annual profit sharing award	50.00%	40.00%
Deferred plan paid out as stock	350,000	199,000
Deferred Compensation Plan | Minimum
Deferred compensation plan
Distribution period from the year of the first deferral			3 years
Number of installments for payment under the deferred compensation plan			2
Deferred Compensation Plan | Maximum
Deferred compensation plan
Number of installments for payment under the deferred compensation plan			5
2014 Profit Sharing Plan
Deferred compensation plan
Requisite deferral as a percentage of annual profit sharing award	50.00%
Profit sharing pool reserved	$700,000

Acquisition_Details

Acquisition (Details)

12 Months Ended

0 Months Ended

0 Months Ended

12 Months Ended

In Thousands, except Share data, unless otherwise specified

Dec. 31, 2014

Dec. 31, 2013

Sep. 10, 2014

Sep. 09, 2014

Sep. 10, 2014

Sep. 10, 2014

Sep. 09, 2014

Sep. 09, 2014

Sep. 10, 2014

Sep. 10, 2014

Dec. 31, 2014

Dec. 31, 2014

Sep. 10, 2014

USD ($)

USD ($)

Sparkasse Loan

Sparkasse Loan

Sparkasse Loan

Sparkasse Loan

Sparkasse Loan

Sparkasse Loan

Hotel Columbus

Hotel Columbus

Hotel Columbus

Hotel Columbus

Hotel Columbus

USD ($)

EUR (€)

USD ($)

EUR (€)

USD ($)

EUR (€)

USD ($)

EUR (€)

USD ($)

room

Acquisition

Number of rooms

117

117

Principal Amount

$4,400

€ 3,600

$4,400

€ 3,600

Debt Instrument, Term

15 years

15 years

Interest rate (as a percent)

3.10%

3.10%

3.10%

3.10%

Number of years through which the fixed interest rate is applicable

10 years

10 years

Deposits and other assets

1,343

1,218

365

Intangible assets acquired

0

Liabilities assumed

0

Goodwill

5,322

6,093

0

Purchase Price Allocation

Cash

2,600

2,100

2,627

2,100

Bank loan

4,300

3,600

Total purchase price consideration

6,900

5,700

6,927

5,700

Provisional amounts assigned assets acquired:

Land

776

647

Buildings

5,438

4,460

Property & Equipment

713

593

Total assets acquired

6,927

5,700

Business Acquisition, Pro Forma Information

Revenues

40,089

38,931

Net income (loss)

$3,040

$2,794

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:

Basic

8,814,287

8,824,406

Diluted

9,119,787

9,052,471

EARNINGS PER COMMON SHARE:

Basic

$0.34

$0.32

Diluted

$0.33

$0.31

Segment_Information_Details

Segment Information (Details) (USD $)	0 Months Ended	4 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 01, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
	item	segment
Segment Reporting
Number of principal reportable segments	2	2
Total revenues			$38,475	$36,487
Cost of Revenues			20,732	19,757
Depreciation and amortization			1,630	1,600
Selling, general and administrative			12,118	11,632
Other expense (income)			49	52
Total costs and expenses			-34,529	-33,041
INCOME BEFORE FOREIGN INCOME TAXES			3,946	3,446
FOREIGN INCOME TAXES			-1,308	-1,056
NET INCOME			2,638	2,390
Corporate
Segment Reporting
Depreciation and amortization			9	10
Selling, general and administrative			3,700	3,009
Other expense (income)				-7
Total costs and expenses			-3,709	-3,012
INCOME BEFORE FOREIGN INCOME TAXES			-3,709	-3,012
NET INCOME			-3,709	-3,012
Casino
Segment Reporting
Total revenues			37,556	36,487
Cost of Revenues			20,265	19,757
Depreciation and amortization			1,536	1,590
Selling, general and administrative			7,776	8,623
Other expense (income)			6	59
Total costs and expenses			-29,583	-30,029
INCOME BEFORE FOREIGN INCOME TAXES			7,973	6,458
FOREIGN INCOME TAXES			-1,308	-1,056
NET INCOME			6,665	5,402
Hotel
Segment Reporting
Total revenues			919
Cost of Revenues			467
Depreciation and amortization			85
Selling, general and administrative			642
Other expense (income)			43
Total costs and expenses			-1,237
INCOME BEFORE FOREIGN INCOME TAXES			-318
NET INCOME			($318)