# ASC 720-924: Other Expenses — Entertainment—Casinos

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/720/924/)

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.

Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure.

Source downloaded (UTC): 2026-09-10T01:09:57.559Z to 2026-09-10T01:10:03.676Z

Record version: sha256:4fcf097b1bc1fd3b7a0361707dadbf09a5fc65db1d7786f90b64902519c1f9a6

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 720-924: Other Expenses — Entertainment—Casinos

### Machine-generated study aids

```json
{
  "summary": "This Subtopic governs how a casino entity accounts for the cost of promotional allowances — complimentary goods and services (comps) such as rooms, food, beverages, and entertainment given to customers. Its single substantive rule is that the cost of providing those promotional allowances is included in costs and expenses (720-924-25-1). Scope follows the casino Overall Subtopic, Section 924-10-15.",
  "key_points": [
    "The Subtopic addresses accounting and reporting for the cost of promotional allowances provided by a casino entity to a customer (720-924-05-1).",
    "Scope is the same as the casino Overall Subtopic, Section 924-10-15 (720-924-15-1).",
    "The cost of providing promotional allowances shall be included in costs and expenses (720-924-25-1).",
    "The guidance addresses the cost side of comps; it does not itself prescribe the revenue presentation of promotional allowances."
  ],
  "categories": [
    "Industry-specific",
    "Recognition",
    "Presentation"
  ],
  "audience_level": "intermediate",
  "student_note": "Casinos give away large volumes of \"comps,\" and this rule keeps their cost in operating costs and expenses rather than netting it against gaming revenue. A common misunderstanding is confusing this cost-recognition rule with the separate revenue-side question of how (or whether) complimentaries are reported as revenue, which is addressed under the casino revenue guidance (now driven by ASC 606).",
  "related_topics": [
    "924-10",
    "924-605",
    "606-10",
    "720-10"
  ],
  "key_concepts": [
    "promotional allowances",
    "complimentaries",
    "casino entity",
    "costs and expenses",
    "gaming operations",
    "customer incentives"
  ]
}
```

Source downloaded (UTC): 2026-09-10T01:09:57.559Z to 2026-09-10T01:09:57.559Z

Record version: sha256:e1298efe4bd782ee9a96c7e814633713b775b6b174a55fa3ed4e9113f7ff67d1

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 720-924-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/720/924/#05-overview-and-background)

SEC content: no

##### [720-924-05-1](https://asc.understandingaccounting.org/asc/720/924/#720-924-05-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:09:57.559Z to 2026-09-10T01:09:57.559Z

Record version: sha256:0d2b5960a8af1a41acf191e14f7013fee3914169243f982699c46c5203a84154

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


This Subtopic addresses the accounting and reporting for the cost of promotional allowances provided by a casino entity to a customer.

Source downloaded (UTC): 2026-09-10T01:10:01.209Z to 2026-09-10T01:10:01.209Z

Record version: sha256:da23391178fdaaafa9f94d68a8a7438a91f0263b51a8964d1ccbed58acb08651

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 720-924-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/720/924/#15-scope-and-scope-exceptions)

SEC content: no

#### Overall Guidance

##### [720-924-15-1](https://asc.understandingaccounting.org/asc/720/924/#720-924-15-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:10:01.209Z to 2026-09-10T01:10:01.209Z

Record version: sha256:0a21be41d08683f7f7f05b998397691ca11d3660091ffe65017270f0c1566389

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


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

Source downloaded (UTC): 2026-09-10T01:10:03.676Z to 2026-09-10T01:10:03.676Z

Record version: sha256:27f232127ca8d84ee0440131e60336abfae3b0c7725faedcadced9ea04ac5c1d

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 720-924-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/720/924/#25-recognition)

SEC content: no

#### Promotional Allowances

##### [720-924-25-1](https://asc.understandingaccounting.org/asc/720/924/#720-924-25-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:10:03.676Z to 2026-09-10T01:10:03.676Z

Record version: sha256:9dc4ce53df32b331b1e2c0573baca623830cac15284df822ec3c791c089acfe4

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


The cost of providing promotional allowances shall be included in costs and expenses.