# ASC 280-924: Segment Reporting — Entertainment—Casinos

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/280/924/)

Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.

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## ASC 280-924: Segment Reporting — Entertainment—Casinos

### Machine-generated study aids

```json
{
  "summary": "This Subtopic applies segment reporting to casino entities. A nonpublic casino property that also contains a hotel, restaurant, parking garage and similar amenities is generally treated as a single industry segment, because allocating costs among the interdependent operations to measure each one's contribution to operating profit would be arbitrary and not meaningful. However, nonpublic casino entities that operate in multiple legal jurisdictions may have geographic segments and must report that geographic information (280-924-50-1).",
  "key_points": [
    "The Subtopic addresses segment disclosure requirements for casino entities operating in multiple legal jurisdictions that have geographic segments (280-924-05-1).",
    "Scope follows the Entertainment—Casinos Overall Subtopic, Section 924-10-15 (280-924-15-1).",
    "A nonpublic casino property together with its hotel, restaurant, parking garage and similar operations is generally considered one industry segment (280-924-50-1).",
    "Although operating revenues of each ancillary operation are generally separately determinable, cost allocations among them to determine relative contributions to operating profit would be largely arbitrary and not meaningful (280-924-50-1).",
    "Nonpublic casino business entities operating in various legal jurisdictions may have geographic segments and shall report such geographic information (280-924-50-1)."
  ],
  "categories": [
    "Presentation",
    "Disclosure",
    "Industry-specific"
  ],
  "audience_level": "intermediate",
  "student_note": "Remember the two-part rule: a casino resort's hotel, restaurant and garage are one segment (no arbitrary cost allocations), but multi-jurisdiction operations still trigger geographic segment reporting. A common misunderstanding is assuming separately determinable revenues automatically mean separate reportable segments.",
  "related_topics": [
    "280-10",
    "924-10",
    "924-605",
    "976-280"
  ],
  "key_concepts": [
    "industry segment",
    "geographic segments",
    "casino operations",
    "nonpublic business entity",
    "cost allocation",
    "interdependent operations",
    "segment disclosure"
  ]
}
```

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## ASC 280-924-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/280/924/#05-overview-and-background)

SEC content: no

##### [280-924-05-1](https://asc.understandingaccounting.org/asc/280/924/#280-924-05-1)

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This Subtopic addresses the segment disclosure requirements for casino entities operating in multiple legal jurisdictions that have geographic segments.

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## ASC 280-924-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/280/924/#15-scope-and-scope-exceptions)

SEC content: no

#### Overall Guidance

##### [280-924-15-1](https://asc.understandingaccounting.org/asc/280/924/#280-924-15-1)

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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 924-10-15.

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## ASC 280-924-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/280/924/#50-disclosure)

SEC content: no

#### Geographic Segments

##### [280-924-50-1](https://asc.understandingaccounting.org/asc/280/924/#280-924-50-1)

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Operations of a nonpublic business entity with a casino property that also includes a hotel, restaurant, parking garage, and the like are generally considered as one industry segment. The operating revenues of each are generally separately determinable. However, because of the natural interdependence of such operations, an allocation of costs among them to determine relative contributions to income (operating profit) would be largely arbitrary and, therefore, not meaningful. However, nonpublic casino business entities operating in various legal jurisdictions may have geographic segments and shall therefore report such information.