Casino Enterprise Management

Last month we addressed taxation and discussed some of the key factors that jurisdictions should assess when making determinations regarding taxation schemes. In this month’s article, we discuss how accounting regulations control and protect the flow of revenues generated by the gaming activities. In essence, there are two principal objectives in setting regulations governing the accounting of private gaming establishments.

Facility electrical loads have, in just a few years, drastically changed from being electrical-based equipment to electronic-based equipment, and while these words sound similar, they are drastically different designed loads. You will find two major initiatives driving these new changes in your facility.

I am always amazed when I hear people say they solve problems for their organization. I believe organizations should create a culture of continuous improvement instead of believing they are solving problems. It is a rare situation where a problem is permanently solved. Instead there should be processes in place that monitor a variety of business conditions and make it possible to react quickly to changes in the situation.

Have you ever seen a casino ad like the one I’m about to describe? The visual is of a beautiful young couple, elegantly dressed, either at a craps table or a slot machine. They both have exaggerated looks of excitement on their faces, suggesting they have just won a huge jackpot. The headline screams “Las Vegas Gaming Excitement, Right Here in [name of your city goes here]!”