Analyzing data from more than 125 tribal casinos, the 2015 Indian Gaming Cost of Doing Business Report, the 17th annual edition from Joseph Eve CPAs, presents data from gaming revenue, non-gaming revenue, direct or departmental expenses and indirect or operating expenses. The report is available free to participating casinos and available for purchase at www.josepheve.com.
Among other finds, the report notes casinos with hotels had higher food and beverage revenue; the California region had the highest profitability margins; marketing was the second highest expense after wages; and food and beverage had the highest wage expense. The report breaks down tribal gaming into the California, Midwest, Northwest, Oklahoma and Southern regions for more direct comparisons.
Joseph Eve Senior Manager Glen Galt said, “Over the past 25 years of working very closely with tribal casinos and tribal enterprises, we have found that oftentimes, the day-to-day running of the operation eclipses important questions, such as ‘How profitable should we be?’ and ‘How leveraged are we?’ and ‘How profitable can we be?’ The 2015 Indian Gaming Cost of Doing Business 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.”
Joseph Eve Partner Grant Eve added, “We have worked diligently to continually earn the trust of our tribal gaming clients, and this report is only possible because of our extensive work with tribes, and our team of highly experienced auditors and CPAs. We encourage every tribal operator, as well as those vendors who work with tribes, to purchase and thoroughly analyze the report today, to gain valuable business insights that are not available anywhere else.”
