Gaming Entities Revenue Recognition Task Force 

    AICPA Revenue Recognition Task Forces are charged with developing revenue recognition implementation issues that will provide helpful hints and illustrative examples for how to apply the new Revenue Recognition Standard.

    Task Force Members:

    • Karl Brunner, Deloitte & Touche LLP (Chair)
    • Frank Albarella, KPMG LLP
    • Rick Arpin, MGM Resorts International
    • Chris Benak, Tropicana Entertainment, Inc.
    • Bruce Bleakman, REDW LLC
    • Tom Haas, American Casino & Entertainment Properties, LLC
    • Kevin Karo, BDO USA LLP
    • Richard Lobdell, Osage Casinos
    • Sam Marcozzi, Grant Thornton LLP
    • Anthony D. McDuffie, Boyd Gaming Corporation
    • John Page, PricewaterhouseCoopers LLP
    • Patrick Pruitt, Ernst & Young LLP
    • Sandra Schulze, International Gaming Technology
    • Mike Winterscheidt, Caesars Entertainment
    Staff Contact: Renee Rampulla,


    Below is a list of potential revenue recognition implementation issues identified by the Gaming Entities Revenue Recognition Task Force. The list will be updated as the task force continues it discussions. Full revenue recognition implementation issues will be posted below for informal comments after review by the AICPA Financial Reporting Executive Committee (FinREC).

    Issue # Description of Implementation Issue Status
    1 Definitions: The terms "Win" and Gross Gaming Revenue
    This implementation issue discusses considerations for gaming entities in applying ASC 606 and determining how to recognize and report revenue or losses from gaming transactions.
    Submitted to AICPA RRWG
    2 Net Gaming Revenue
    This implementation issue addresses how a gaming entity will continue to account for other adjustments (such as cash sales incentives and the change in progressive jackpot liabilities) as reductions of net gaming revenue.
    Submitted to AICPA RRWG
    3 Promotional Allowances
    This implementation issue addresses the elimination of historical presentations within gross revenues on the income statement for free goods and services provided to customers (such as hotel revenues, food and beverage revenues and other integrated gaming resort revenues) wherein such reported revenue sources were presented on a grossed up basis for the retail value of the free goods and services provided and included in a total gross revenues balance for the reporting period. The presentation of gross revenues was reduced with an offsetting contra-revenue amount for the total retail value of such “promotional allowances” or “complimentaries”.
    Submitted to AICPA RRWG
    4 Accounting for base and incremental progressive jackpots amounts
    5 Wide Area Progressive operators’ accounting for base progressive and incremental progressive jackpots amounts
    6 Wide Area Progressive operators’ fees received from gaming entities
    7 Participation and Similar Arrangements
    8 Loyalty and Other Incentive Programs
    9 Managing Properties for Third Parties

    10 Accounting for Jackpot Insurance Premiums and Recoveries
    This implementation issue addresses how a gaming entity (the insured) would account for premiums and any recoveries associated with “Jackpot Insurance” contracts they obtain to reduce the risk of a relatively large cash outflow in any particular time period.
    Submitted to AICPA RRWG
    11 Accounting for Gaming Chips and Tokens
    12 Accounting for Racetrack Fees
    13 Illustrative Financial Statements


    Draft Revenue Recognition Implementation Issues included for informal comment, when available, will be listed below.

    Respondents should submit any comments including the implementation issue number to by the dates noted below:

    Issue # Comment Due Date

    The Gaming Entities Revenue Recognition Task Force recommends the following AICPA products for current revenue recognition issues:

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