Course Catalog:
Gaming Sessions for Custom Programs
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.
