2016 Indian Gaming Cost of Doing Business Report—JOSEPH EVE CPAS
Data is power, and the powerful “2016 Indian Gaming Cost of Doing Business Report” from 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, 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 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%