"Totally wrong on your guess about needing more cpaital. Management has stated that they have sufficient capital based on the warrent exercise."
That was then, this is now. I'm sure you noticed one of the things that management attributed to the higher Dec/Jan. RCT was the higher cage capital available. Now they have been offered the chance to operate 12 new tables, or about 50% more than they currently have. Can they operate the new tables with the cage capital they have now? Sure. But not without sacrificing profit as the higher the CC available the more money they can make.
To that end I received a voice mail from IR after I contacted them regarding the invitation from the new Galaxy Hotel. I don't remember it word for word but I do remember the guy saying not to expect an immediate ramp to the extra 12 tables they were offered because, "it is a capital intensive business." I took that to mean they need CC to run the business in a way that maximizes profit. It may even be that the Galaxy will require AERL to have X amount of CC available before they sign off on the number of tables to be run.
This is not to sound negative about the offer. It is great that they have been recognized as a company meriting the invitation. I'm just saying things are not as simple as they may appear, to you.