# ASC 924-10: Entertainment—Casinos — Overall Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/924/10/) 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): 2026-09-10T02:11:02.015Z to 2026-09-10T02:11:22.837Z Record version: sha256:e017db5f053352ff6eaa0bbd96392bcfc8a16ccec9b5a4ace78e14ef2c1df50f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 924-10: Entertainment—Casinos — Overall ### Machine-generated study aids ```json { "summary": "ASC 924-10 is the Overall subtopic of the Entertainment—Casinos Topic, which collects the accounting and reporting standards unique to the gaming industry. It provides incremental, industry-specific guidance on gaming chips, promotional allowances, base jackpots, slot machines, income taxes, and geographic segment disclosure. Casinos must still apply all other generally applicable GAAP; this Topic only supplements it.", "key_points": [ "The Casinos Topic contains the Subtopics Overall, Segment Reporting, Liabilities, Other Expenses, Income Taxes, and Derivatives and Hedging (924-10-05-1); the Revenue Recognition subtopic listed at 05-1(d) was superseded by ASU 2014-09.", "The Topic presents accounting and reporting standards unique to gaming entities, specifically addressing gaming chips, promotional allowances, base jackpots, slot machines, and income taxes, plus disclosure of geographic segments (924-10-05-2).", "Guidance in these Subtopics is incremental only—entities within scope must also comply with all applicable guidance not included in this Topic (924-10-15-1).", "Scope covers all entities that operate as casinos and the casino operations of other entities (924-10-15-2).", "Background: legalized gaming includes riverboat, Native American, and internet gaming and sports betting, and casinos often operate as large-scale destination resorts deriving substantial revenue from ancillary hotel, food and beverage, and retail operations (924-10-05-3 through 05-4)." ], "categories": [ "Industry-specific", "Presentation", "Disclosure", "Revenue" ], "audience_level": "introductory", "student_note": "This Overall subtopic is essentially a roadmap and scope statement—no measurement rules live here. The common misunderstanding is thinking industry topics displace general GAAP; 924-10-15-1 makes clear the guidance is only incremental, and note that the casino revenue recognition subtopic was superseded by ASC 606.", "related_topics": [ "924-405", "924-720", "924-740", "924-815", "924-280", "606" ], "key_concepts": [ "casino operations", "gaming chips", "promotional allowances", "base jackpots", "slot machines", "geographic segment disclosure", "incremental industry guidance", "ancillary resort revenues" ] } ``` Source downloaded (UTC): 2026-09-10T02:11:02.015Z to 2026-09-10T02:11:02.015Z Record version: sha256:d0bf109919fd89459a7707b7128808e2f80406aa555a06be0ede8e203e0e0c4d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 924-10-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/924/10/#00-status) SEC content: no ##### [924-10-00-1](https://asc.understandingaccounting.org/asc/924/10/#924-10-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:11:02.015Z to 2026-09-10T02:11:02.015Z Record version: sha256:a982ef7903e674523d82c100b8d17c76ed6a04c54cd0e1123e93482d987f1036 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
924-10-05-1AmendedAccounting Standards Update No. 2016-2012/21/2016
924-10-05-1AmendedAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T02:11:06.029Z to 2026-09-10T02:11:06.029Z Record version: sha256:f798edad01343f981df0e1c1b8844f933749d4b274f57e830557b2c63ffdaf0e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 924-10-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/924/10/#05-overview-and-background) SEC content: no ##### [924-10-05-1](https://asc.understandingaccounting.org/asc/924/10/#924-10-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:11:06.029Z to 2026-09-10T02:11:06.029Z Record version: sha256:4a4376388323147b81a9a6d84e29ab81f2fe2597b1038fff761ef584971bb789 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Entertainment—Casinos Topic includes the following Subtopics: 1. a Overall 2. b Segment Reporting 3. c Liabilities 4. d [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). 5. e Other Expenses 6. f Income Taxes 7. g Derivatives and Hedging. ##### [924-10-05-2](https://asc.understandingaccounting.org/asc/924/10/#924-10-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:11:06.029Z to 2026-09-10T02:11:06.029Z Record version: sha256:41d162c88458a3f539f89ae5416d97593baa6a57d7e8ca23088a5201ce47587d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Entertainment—Casinos Topic presents the accounting and reporting standards that are unique to entities in the gaming industry. Specific guidance is provided on accounting for all of the following: 1. a Gaming [chips](https://asc.understandingaccounting.org/glossary/c/#chips "Money substitutes, in various denominations, issued by a gaming entity and used for wagering.") 2. b Promotional allowances 3. c [Base jackpots](https://asc.understandingaccounting.org/glossary/b/#base-jackpot "The fixed, minimum amount of a slot machine payout for a specific combination.") 4. d [Slot machines](https://asc.understandingaccounting.org/glossary/s/#slot-machine "A type of mechanical or electrical apparatus used in connection with gaming.") 5. e Income taxes. Guidance also is provided for the disclosure of geographic segments, if any. General background information about the gaming industry follows. ##### [924-10-05-3](https://asc.understandingaccounting.org/asc/924/10/#924-10-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:11:06.029Z to 2026-09-10T02:11:06.029Z Record version: sha256:191fe8341ec416af8ce6bfaaae028b0a6b2189a2b06a3fc7f997ab4066b3fb18 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Most states now have at least one form of legalized gambling. These include on-track and off-track betting on horse racing, on-track betting on dog racing, state lotteries, and jai alai. Casino gambling is legal in many areas of the world. Some of the casinos in other parts of the world are owned by publicly held entities based in the United States. In addition, legalized gaming throughout the United States has taken on the additional forms of Riverboat Gaming and Native American Gaming. With the expanded use of the internet for conducting business transactions, internet gaming entities have been formed in various parts of the world to provide online gaming and sports betting over the internet. ##### [924-10-05-4](https://asc.understandingaccounting.org/asc/924/10/#924-10-05-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:11:06.029Z to 2026-09-10T02:11:06.029Z Record version: sha256:ae67f8fc12f58482731824f689a58601430d3c90cc9da5f84a7b43ba9eb4ed88 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. With the proliferation of gaming throughout the United States and the world, gaming facilities, in certain instances, have become large-scale destination resorts. Entities have invested significant amounts of capital in the physical plants of these facilities and derive a large portion of their revenues from ancillary sources including hotel, food and beverage, and retail operations. Source downloaded (UTC): 2026-09-10T02:11:10.079Z to 2026-09-10T02:11:10.079Z Record version: sha256:1dd56e675a264c6d29c01dd497426ebfda10fcb8d79b9a408b9261cf48216c6b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 924-10-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/924/10/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [924-10-15-1](https://asc.understandingaccounting.org/asc/924/10/#924-10-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:11:10.079Z to 2026-09-10T02:11:10.079Z Record version: sha256:3987824e05a9770e14b2ff3ab1b014ba1df58f5f376d801a50d030a49b04f86c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Subtopics within the Entertainment—Casinos Topic only provide incremental industry-specific guidance for entities operating as casinos. Entities within the scope of this Topic shall also comply with the applicable guidance not included in this Topic. #### Entities ##### [924-10-15-2](https://asc.understandingaccounting.org/asc/924/10/#924-10-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:11:10.079Z to 2026-09-10T02:11:10.079Z Record version: sha256:dbce7183a34974f312e36589b74692828570fc63fc72f0c156ebbf1e276c2511 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Entertainment—Casinos Topic provides guidance for all entities that operate as casinos and for the casino operations of other entities. Source downloaded (UTC): 2026-09-10T02:11:16.270Z to 2026-09-10T02:11:16.270Z Record version: sha256:42947a70e5b1bd746095d07ad63383bc6a936a2e432bd380ab8f550c3435020d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 924-10-S45: SEC 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/924/10/#sec-45-other-presentation-matters) SEC content: yes #### Income Statement Presentation of Expenses ##### [924-10-S45-1](https://asc.understandingaccounting.org/asc/924/10/#924-10-S45-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:11:16.270Z to 2026-09-10T02:11:16.270Z Record version: sha256:0809e8e82ccfc38a3fa5efbe1865facec8da0062089d0aa5d009e47d4795f832 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [924-10-S99-1](https://asc.understandingaccounting.org/asc/924/10/#924-10-S99-1), SAB Topic 11.L, for SEC Staff views on the income statement presentation of expenses attributable to casino-hotel activities. Source downloaded (UTC): 2026-09-10T02:11:22.837Z to 2026-09-10T02:11:22.837Z Record version: sha256:58689d7fd1f31ae90b6a864801aecfe0a208853a76d2d9fc7d2a2d4bad37635f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 924-10-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/924/10/#sec-99-sec-materials) SEC content: yes #### SEC Staff Guidance ##### [924-10-S99-1](https://asc.understandingaccounting.org/asc/924/10/#924-10-S99-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:11:22.837Z to 2026-09-10T02:11:22.837Z Record version: sha256:947879c2809dbc68e01f4cd726ef4030621bfac05099da56a5311a46f823dcca Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of SAB Topic 11.L, Income Statement Presentation Of Casino-Hotels. - Facts: Registrants having casino-hotel operations present separately within the income statement amounts of revenue attributable to casino, hotel and restaurant operations, respectively. - Question: What is the appropriate income statement presentation of expenses attributable to casino-hotel activities? - Interpretive Response: The staff believes that the expenses attributable to each of the separate revenue producing activities of casino, hotel and restaurant operations should be separately presented on the face of the income statement. Such a presentation is consistent with the general reporting format for income statement presentation under Regulation S-X (Rules 5-03.1 and 5-03.2) which requires presentation of amounts of revenues and related costs and expenses applicable to major revenue providing activities. This detailed presentation affords an analysis of the relative contribution to operating profits of each of the revenue producing activities of a typical casino-hotel operation.