12/6/24
Horizontal analysis – income statement Statements of Revenues, Expenses, and Changes in Net Position Years Ended December 31, 2024 and 2023 Operating Revenues 2024
% Change
2023
$ Change
Casino Gaming
158,000,000 19,000,000 22,000,000
125,000,000 16,245,000 16,583,000
33,000,000 2,755,000 5,417,000 1,219,000 2,968,000 45,359,000 -1,048,000 869,000 1,137,000 1,613,000 267,000 3,479,000 1,507,000 -1,578,000 6,246,000
26% 17% 33%
Food and Beverage
Hotel
Entertainment
1,564,000 7,904,000
345,000
353%
Other operating revenues Total Operating Revenues
4,936,000 163,109,000
60% 28%
208,468,000
Operating Expenses Casino Gaming Food and beverage
36,552,000 6,047,000
37,600,000 5,178,000 276,000 13,987,000 13,935,000 10,725,000 4,565,000 7,420,000 93,686,000
-3% 17%
Entertainment
1,413,000
412%
General and administrative Depreciation and amortization Marketing and adverstising Other operating expenses
15,600,000 14,202,000 14,204,000 6,072,000 5,842,000 99,932,000
12%
2%
32% 33% -21%
State revenue sharing Total operating expenses
7%
Operating Income
108,536,000
69,423,000
39,113,000
56%
25
Vertical analysis – statement of net position Casino ABC December 31,
December 31,
Vertical
Vertical
2024
2023
2024
2023
Current Liabilities Accounts Payable Accrued expenses Gaming liabilities
3,848,000 6,764,000 7,248,000 1,117,000 36,000,000 2,270,000 57,247,000
3,267,000 6,486,000 6,869,000 1,262,000 12,000,000 3,707,000 33,591,000
2% 3% 3% 0%
1% 2% 3% 0% 5% 1% 13%
Accured compensated abscenses Current portion of long-term debt State and local revenue sharing
14%
1%
23%
Total Current Liabilities
Long-Term Liabilities Long Term Debt
109,000,000 166,247,000
149,000,000 182,591,000
43% 66%
56% 69%
Total Liabilities
Net Position Net investment in capital assets Restricted cash for capital reserves
60,598,000 13,229,000 11,067,000 84,894,000
53,700,000 21,987,000 7,300,000 82,987,000
24%
20% 8% 3% 31%
5% 4%
Unrestricted
34%
Total net position
$ 251,141,000
$ 265,578,000
100%
100%
Total Liabilities and Net Position
26
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