Master License & Investigations NYNY Dec 2019 Material

2019 NIGA CERTIFICATION COURSE

TOOLS A CLOSER LOOK: (c) 2019 - N WADDELL, CPA, CGMA, PROFESSIONAL CORP. 21

CASINO & HOTEL FINANCIALS (dollars in thousands) For the Year Ended December 31, 20XX

VERTICAL

2017

2016

REVENUES: Casino

$ 1,228,540 76% $ 693,013 70%

Food and beverage

193,260 12% 119,095 7% 65,694 4% 1,606,589 100%

142,032 14% 94,312 10%

Hotel Other

53,839

5%

TOTAL REVENUE

983,196 100%

Less-promotional allowances NET operating revenues

(133,085)

-8%

(90,300)

-9%

1,473,504 92%

892,896 91%

FORMULA: EACH NUMBER / TOTAL REVENUE

21

TOOLS A CLOSER LOOK: (c) 2019 - N WADDELL, CPA, CGMA, PROFESSIONAL CORP. 22

CASINO & HOTEL FINANCIALS (dollars in thousands) For the Year Ended December 31, 20XX

BUDGET VS. ACTUAL

2017

BUDGET

VARIANCE %

REVENUES: Casino

$ 1,228,540

$ 1,093,013 $ 135,527 12% 142,032 $ 51,228 36% 94,312 $ 24,783 26% 53,839 $ 11,855 22% 1,383,196 $ 223,393 16%

Food and beverage

193,260 119,095 65,694

Hotel Other

TOTAL REVENUE

1,606,589 (133,085) 1,473,504

Less-promotional allowances

(90,300)

-$ 42,785 47%

Net operating revenues

1,292,896 $ 180,608 14%

FORMULA: (EACH NUMBER-BUDGET #) / BUDGET #

22

(c) 2019 - N WADDELL, CPA, CGMA, PROFESSIONAL CORP.

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