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Understanding Key Financial Statements – Part II

Understanding Financial Statements - Casino Financial Review

A deeper look at your balance sheet In Part I of “Understanding Casino Financial Statements,” we discussed that two things are needed to understand financial reports, perspective and expectations. You have to have something to measure the numbers against to really evaluate what they are telling you. Then we started building some perspective by looking…

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Gaining a Deeper Insight Into Casino Performance

Perspectives and expectations of financial reports Understanding financial statements is not just a role reserved for bean counters, CFOs and your casino’s GM. It’s important that anyone who wants a seat at the table, whether today or as their career grows, is confident in understanding these reports. In two previous articles, we’ve looked at the…

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Increasing High-Level Performance Company-Wide

Kevin Huddleston Raving NEXT

When do you know if you’re only attaining minimum standards? I’m sure most of you have heard it said that sometimes you have to tear something down in order to build it up. It seems harsh and a little counterintuitive. It’s a concept used in athletic and military training. The idea is that to make…

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Understanding Key Financial Statements …

Kevin Huddleston

To make critical decision for your casino operation This may sound weird to many of you, but I LOVE to read and analyze financial statements. I always have. As I understand it though, I am in a very small minority. Many gaming commissioners, board members, tribal council members, and even casino management don’t fully understand…

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Marketing: A Foreign Language to Finance Folks

Kevin Huddleston

Five ways to bridge the gap between CFOs and marketing departments The gap between CFOs and marketing departments is often much wider than it needs to be. The CFO is trying to make sure the operation is making money, and the marketing department just wants to spend it, right? Here are five suggestions to begin…

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Properly Safeguarding the Assets of the Casino and Tribe

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Can your financial statements be reasonably relied upon? I think it might be good to apologize now. This subject isn’t exciting, but like exercise, you have to push through the pain to get the benefit. So grab a glass of water, and let’s plow into this dry subject. Casinos are required to have annual audits.…

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