12/6/24
Vertical analysis – income statement Statements of Revenues, Expenses, and Changes in Net Position Years Ended December 31, 2024 and 2023
Operating Revenues Casino Gaming Food and Beverage
2024
2023
Vertical
Vertical
158,000,000 19,000,000 22,000,000
125,000,000 16,245,000 16,583,000
76%
77% 10% 10%
9% 11%
Hotel
Entertainment
1,564,000 7,904,000
345,000
1%
0% 3%
Other operating revenues
4,936,000 163,109,000
4%
208,468,000
100%
100%
Total Operating Revenues
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
18%
23%
3% 1% 7% 7% 7% 3% 3%
3% 0% 9% 9% 7% 3% 5%
Entertainment
1,413,000
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
State revenue sharing Total operating expenses
48%
57%
108,536,000
69,423,000
52%
43%
Operating Income
27
Ratio analysis
Liquidity Ratios
Profitability Ratios
§ Current ratio § Quick ratio § Cash to current liabilities
§ Operating profit margin § Return on Assets § EBITDA
Leverage Ratios
§ Slot win per device per day § Table win per table per day § Revenue per square foot Gaming Management Ratios
§ Debt to equity § EBIT/Interest (multiple) § Short term to long term liabilities
28
14
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