The big question when considering a tribal casino reopening: How quickly will guest confidence return to pre-pandemic traffic levels? Forecasts are mixed. Some predict volume will fall one-third to one-half. Others express cautious optimism that a pent-up demand exists and activity will return to normal levels at least initially, especially if no other entertainment options exist in their market. With most tribal gaming operations planning to reopen within the next few weeks, we summarize some key financial issues for tribal casino reopening in our most recent article, “Key Financial and Business Considerations for Tribal Casino Reopening.”
Topics covered by REDW’s Tribal Gaming Industry Group include:
Financial Impacts of Reopening
Cash Flow Coordination with Tribal Government
HR Considerations for Tribal Casino Reopening
The tribal gaming industry will no doubt come out stronger on the other side of this pandemic, but there is certainly a storm to weather first. Count on the tribal gaming experts at REDW to help you navigate the financial impact to your operations.
Contact Anthony Gerlach, CPA for questions or further insights on casino reopening as it pertains to gaming operations, new regulations, and financial assessment and planning.
Address questions about employment law or human resources policies for employees returning to work to Cristin Heyns-Bousliman, Esq.
Read the full article.
REDW is committed to keeping you informed at all times, but especially during a crisis of the magnitude of the COVID-19 pandemic. Stay connected with us on LinkedIn and @REDWLLC. Or check out some of our other updates here.
