Casino Accounting and Finance
IGIGAM0961
Casino Cash Flows
This session offers a rare inside look into the income
statements of Las Vegas Strip and Las Vegas repeater market
hotel casinos. It enables participants to see the results based
on the actual financial performance of these properties
using data submitted to Nevada gaming regulators. Both
consolidated and departmental income statements are
reviewed, as are the gaming industry's most commonly
reviewed record, the daily manager's report, to reveal
interesting sources and uses of cash flow. Finally, a review
of the historical revenue and profit contributions discloses
some shocking results related to the gaming mix. Things
are not always as they seem.
IGIGAM1016
Financial Analysis of Gaming
Motivation
Using finance utility theory, this session explains why people
gamble and how to analyze people's gaming propensities.
Attendees will learn how to classify players into risk-taker,
risk-neutral player, and risk-averter categories based on
their risk attitudes. Various gaming motivation strategies
will be discussed and effectiveness of different casino
promotion methods will be evaluated. In addition, attendees
will learn the player rating system according to theoretical
win contributions.
IGIGAM1017
Casino Cost-Volume-Profits
Analysis
This session presents the relationship between revenue
volume, costs, and casino profits. In this session, attendees
will learn how to identify fixed and variable costs, how to
decompose mixed costs into the two types of costs, and
how cost structure can affect casino profits. Strategies for
strengthening operation profits will be presented. As a
result of this session, attendees will be able to analyze the
effect of casino marketing, comps, and rebates on profits
and determine the efficiency of those activities.
IGIGAM1018
Optimizing Game Hold to Increase
Revenue
Lower holds encourage game play and increase the gaming
volume. Lower holds, however, may not necessarily increase
gaming revenues. This session presents the relationship
between hold, volume and win. Attendees will learn how to
identify the optimal hold that may help maximize the win.
IGIGAM1019
Casino Financial Ratio Analysis
Financial ratios are important tools for casino managers to
monitor the financial performance and financial health of
a casino business. Attendees will learn how to use financial
ratios to evaluate liquidity, solvency, operating efficiency and
profitability of casinos. Financial ratios of Las Vegas-based
properties will be compared with industry benchmarks to
identify strengths and weaknesses.