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, revrecstaff@aicpa.org

    IDENTIFIED REVENUE RECOGNITION IMPLEMENTATION ISSUES

    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
    1 Definitions: The terms "Win" and Gross Gaming Revenue
    2 Gaming operator’s net presentation of video terminal lottery revenue
    3 Net gaming revenue
    4 Promotional Allowances
    5 Accounting for base and incremental progressive jackpots amounts
    6 Wide Area Progressive operators’ accounting for base progressive and incremental progressive jackpots amounts
    7 Wide Area Progressive operators’ fees received from gaming entities
    8 Participation and Similar Arrangements
    9 Loyalty and Other Incentive Programs
    10 Managing Properties for Third Parties
    11 Guarantees
    12 Accounting for Jackpot Insurance Premiums and Recoveries
    13 Accounting for Gaming Chips and Tokens
    14 Accounting for Racetrack Fees
    15 Illustrative Financial Statements


    FEEDBACK REQUESTED

    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 revreccomments@aicpa.org 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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