Annual Report Analyzes 115+ Tribal Casinos;
Lends Insight into Profitability, Management
BILLINGS, Mont. (October 3, 2016) – Data is power, and the powerful “2016 Indian Gaming Cost of Doing Business Report” from Wipfli/Joseph Eve CPAs is filled with valuable data to enable tribal operators to make better and more informed business decisions.
Now in its 18th annual edition, Wipfli/Joseph Eve’s Indian Gaming Cost of Doing Business Report is a compilation of data collected from more than 115 casinos across 5 geographic regions. The Report helps casinos intelligently address key financial questions such as ‘How profitable should we be?’, ‘How leveraged are we compared to Tribal Casinos our size?’ and ‘How profitable can we be?’
The 2016 Indian Gaming Cost of Doing Business Report is available for purchase now at www.josepheve.com. The report is also available for free to all casinos who participated in the survey, and participating casino information is confidential.
“What are the factors that contribute to and detract from profitability?” asked Wipfli/Joseph Eve Partner Grant Eve. “The data we collected, combined with our analysis that is based on our 25+ years of working closely with tribal casinos and tribal enterprises, makes our Indian Gaming Cost of Doing Business Report an essential tool for tribal operators and those charged with governance.”
The Report brings crucial management data to the forefront, enabling tribal operators to compare their data against other regions and segments, empowering better business decision-making. The Report presents data from gaming revenue, non-gaming revenue, direct or departmental expenses, and indirect or operating expenses. Some of the statistical information included in the 40+page Report are:
• Casinos with over $100M in revenue had marketing/promotional expense of 7.80%
• Casinos without hotels had a higher net income than those with hotels, yet they carried more debt
• 85% of Oklahoma Casinos revenue came from gaming machines
• California Casinos had a net income of 46.61%
For more information, visit Wipfli/Joseph Eve in booth #1115 at the ACAMS 15th Annual AML & Financial Crime Conference, September 26-28 at Aria Resort & Casino in Las Vegas or online at www.josepheve.com. Join the firm on Facebook, LinkedIn, and Twitter.
About Wipfli/Joseph Eve, CPAs
Founded in 1983, Wipfli/Joseph Eve, CPAs is a team of more than 60 Certified Public Accountants, Certified Fraud Examiners, and experienced team members providing a wide range of services for clients in more than 28 States. The firm’s unparalleled services include external and internal audit, financial management software, Title 31/AML assessments, finance process optimization, accounting assistance, fraud investigations, and controller/CFO advisory services. Additionally, the company consults on information technology, PCI compliance, accounting system implementation, tax services, business advisory, and conducts national seminars. For more information, visit www.josepheve.com.