MILWAUKEE (November 19, 2018) – Using financial data from more than 120 casinos across five geographic regions, Wipfli/JOSEPH EVE (Wipfli) has created a highly beneficial and detailed tool for the tribal gaming industry — helping business leaders make more informed, better business decisions: “The 2018 Indian Gaming Cost of Doing Business Report” (CODB Report).
Now in its 20th edition and the firm’s largest one to date, the annual COBD Report contains data and analysis from tribal casinos and enterprises across the United States to serve as a valuable business management tool for tribal gaming financial analysis and planning. The CODB Report contains more than 55 pages of casino profitability and expense measures unique to tribal gaming.
“Using information we have gathered, tribal casino operators can ask themselves pointed, profit-impacting questions that every business should ask themselves,” said Grant Eve, national gaming partner at Wipfli. “We’ve developed this report, filled with meaningful data and analysis, to help tribal operators of all sizes understand and pursue business strategies more intelligently, including performance analysis, budgeting, expense abuse, balance sheet analysis and more.” The firm has a long history of serving dozens of tribal enterprises and have continued to generate the report based on overwhelming positive client feedback.
The firm has a long history of serving dozens of tribal enterprises and have continued to generate the report based on overwhelming positive client feedback.
Some key statistical information included in the report includes:
- Revenue metrics by region and size of casino
- Urban and rural market statistics
- Return on investment scenarios
- Wage expenses by departments
“For this 20th anniversary edition, we responded to user feedback and have updated the look of the report by providing additional useful data and graphs — making it easier for casino business leaders to see what other casinos are doing that is working well, how do they leverage the right information and what do they need to shift overall,” Eve added. “This is about the bottom line for many of our clients, and we are excited to hear that it continues to have a direct, positive impact on their growth, efficiency and profit.”
The report is available for purchase at josepheve.com and is available at no cost to all casinos who participated in the survey. Participating casino information is confidential.
About Wipfli/JOSEPH EVE
At Wipfli/JOSEPH EVE (Wipfli), we’re committed to providing industry-focused assurance, accounting, tax and consulting services that make a lasting, positive impact on our clients — helping them overcome personal and business challenges and plan for future success. With over 2,000 associates and more than 50 offices, Wipfli ranks among the top 20 accounting and business consulting firms in the nation. We’re proud to give our clients the value and experience of a diverse firm that specializes in a wide range of services and industries, dedicated to enduring results, outstanding service and lifetime relationships. Wipfli’s practice serving tribal organizations and casinos includes a team of certified public accountants, certified fraud examiners, and experienced professionals who provide a wide range of services for tribal organizations and casinos in 30 states, including external and internal audit, financial management software, Title 31/AML assessments, finance process optimization, accounting assistance, fraud investigations and controller/CFO advisory services. The firm also conducts national seminars and provides information technology, PCI compliance, accounting system implementation, tax services and business advisory services. For more information visit josepheve.com and wipfli.com.