Casino Accounting and Financial Management: Second Edition

Contents

List of Illustrations and Tables ix Preface to the Second Edition xiii pa r t i : b a c k g r o u n d a n d e n v i r o n m e n t o f c a s i n o g a m i n g 1 Casino History and Operating Environment 3 2 Casino Licensing and Regulation 35 3 Revenue Taxation of Casino Operations 68 pa r t i i : a c c o u n t i n g f o r c a s i n o o p e r a t i o n 4 Casino Revenue Flows 97 5 Slot Machines and Gaming Devices 122 6 Slot Machine Accounting 157 7 Games Accounting 201 8 Keno Accounting 236 9 Bingo, Poker, Race and Sports Book 256 10 Central Cashiering 271 11 Casino Credit Accounting 298 pa r t i i i : au d i t i n g , t a x a t i o n , a n d f i n a n c i a l m a n a g e m e n t i s s u e s 12 Casino Auditing, Minimum Internal Control Standards, and Financial Reporting 319 13 Gaming Income Taxation 369 14 Managerial Accounting in Casinos 386 15 Currency Transaction Reporting, Suspicious Activity Reporting, and Title 31 412 Contents Appendix 1 States with Casinos 433 Appendix 2 Gross Annual Wager of the United States 435 Appendix 3 State-by-State Gaming Profiles 436 Appendix 4 Summary of State Laws 439 Appendix 5 State Gaming Control Board 441 Appendix 6 Instructions to Applicants for Licensing 443 Appendix 7 Sample Local Government Gaming Taxes in Nevada 445 Appendix 8 Summary of State-by-State Gaming Taxes 447 Appendix 9 Distribution or Earmarking of State Gaming Taxes 455 Appendix 10 Slot Machines in North America 458 Notes 461 Gaming Glossary 471 Selected Bibliography 487 Index 493 viii Contents ...