{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/924/","source":"FASB Accounting Standards Codification, Basic View","usage":"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.","number":"924","title":"Entertainment—Casinos","area":"Industry","group":"92X Entertainment","subtopics":[{"number":"924-10","topic":"924","title":"Overall","area":"Industry","paragraphs":9,"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.","concepts":["casino operations","gaming chips","promotional allowances","base jackpots","slot machines","geographic segment disclosure","incremental industry guidance","ancillary resort revenues"],"categories":["Industry-specific","Presentation","Disclosure","Revenue"],"level":"introductory","topic_title":"Entertainment—Casinos","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"924-10-00-1","para":"00-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following table identifies the changes made to this Subtopic.</div><div class=\"norm-text\"><table class=\"asc-table\" id=\"SL51654592-203238\"><tr><td class=\"entry\"><strong class=\"ph b\">Paragraph</strong></td><td class=\"entry\"><strong class=\"ph b\">Action</strong></td><td class=\"entry\"><strong class=\"ph b\">Accounting Standards Update</strong></td><td class=\"entry\"><strong class=\"ph b\">Date</strong></td></tr><tr><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td></tr><tr><td class=\"entry\"><a href=\"/asc/924/10/#924-10-05-1\" class=\"xref\">924-10-05-1</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2016-20/\" class=\"xref\">Accounting Standards Update No. 2016-20</a></td><td class=\"entry\">12/21/2016</td></tr><tr><td class=\"entry\"><a href=\"/asc/924/10/#924-10-05-1\" class=\"xref\">924-10-05-1</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr></table></div></div>","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\n924-10-05-1 | Amended | Accounting Standards Update No. 2016-20 | 12/21/2016 |\n924-10-05…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a982ef7903e674523d82c100b8d17c76ed6a04c54cd0e1123e93482d987f1036","downloaded_from":"2026-09-10T02:11:02.015Z","last_downloaded_at":"2026-09-10T02:11:02.015Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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following Subtopics:<ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\">Overall</div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\">Segment Reporting</div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\">Liabilities</div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Subparagraph superseded by Accounting Standards Update No. 2014-09</a>.</div></li><li class=\"li-norm\"><span class=\"linum\">e</span><div class=\"p\">Other Expenses</div></li><li class=\"li-norm\"><span class=\"linum\">f</span><div class=\"p\">Income Taxes </div></li><li class=\"li-norm\"><span class=\"linum\">g</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_DE177B24-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Derivatives and Hedging. </span></span></div></li></ol></div></div>","snippet":"The Entertainment—Casinos Topic includes the following Subtopics:\n(a) Overall\n(b) Segment Reporting\n(c) Liabilities\n(d) Subparagraph superseded by Accounting Standards Update No. 2014-09.\n(e) Other Expenses\n(f) Income Ta…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4a4376388323147b81a9a6d84e29ab81f2fe2597b1038fff761ef584971bb789","downloaded_from":"2026-09-10T02:11:06.029Z","last_downloaded_at":"2026-09-10T02:11:06.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483251","source_sha256":"5fb39cea09d099cf25a514655dbf6e842a31ee0bca4ca107f6dedbfc134f2735"}},{"citation":"924-10-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">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: <ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\">Gaming <a href=\"/glossary/c/#chips\" class=\"term\" title=\"Money substitutes, in various denominations, issued by a gaming entity and used for wagering.\"><span>chips</span></a></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\">Promotional allowances</div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><a href=\"/glossary/b/#base-jackpot\" class=\"term\" title=\"The fixed, minimum amount of a slot machine payout for a specific combination.\"><span>Base jackpots</span></a></div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\"><a href=\"/glossary/s/#slot-machine\" class=\"term\" title=\"A type of mechanical or electrical apparatus used in connection with gaming.\"><span>Slot machines</span></a></div></li><li class=\"li-norm\"><span class=\"linum\">e</span><div class=\"p\">Income taxes.</div></li></ol>Guidance also is provided for the disclosure of geographic segments, if any. General background information about the gaming industry follows.</div></div>","snippet":"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:\n(a) Gaming chips\n(…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:41d162c88458a3f539f89ae5416d97593baa6a57d7e8ca23088a5201ce47587d","downloaded_from":"2026-09-10T02:11:06.029Z","last_downloaded_at":"2026-09-10T02:11:06.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483251","source_sha256":"5fb39cea09d099cf25a514655dbf6e842a31ee0bca4ca107f6dedbfc134f2735"}},{"citation":"924-10-05-3","para":"05-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_DE177C8F-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">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. </span></span></div></div>","snippet":"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 …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:191fe8341ec416af8ce6bfaaae028b0a6b2189a2b06a3fc7f997ab4066b3fb18","downloaded_from":"2026-09-10T02:11:06.029Z","last_downloaded_at":"2026-09-10T02:11:06.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483251","source_sha256":"5fb39cea09d099cf25a514655dbf6e842a31ee0bca4ca107f6dedbfc134f2735"}},{"citation":"924-10-05-4","para":"05-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_DE177D75-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">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. </span></span></div></div>","snippet":"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 …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae67f8fc12f58482731824f689a58601430d3c90cc9da5f84a7b43ba9eb4ed88","downloaded_from":"2026-09-10T02:11:06.029Z","last_downloaded_at":"2026-09-10T02:11:06.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483251","source_sha256":"5fb39cea09d099cf25a514655dbf6e842a31ee0bca4ca107f6dedbfc134f2735"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a5d9739df40058add3e796bfb2b033a39b9982a483835fabe43cf9d53193bae7","downloaded_from":"2026-09-10T02:11:06.029Z","last_downloaded_at":"2026-09-10T02:11:06.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483251","source_sha256":"5fb39cea09d099cf25a514655dbf6e842a31ee0bca4ca107f6dedbfc134f2735"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f798edad01343f981df0e1c1b8844f933749d4b274f57e830557b2c63ffdaf0e","downloaded_from":"2026-09-10T02:11:06.029Z","last_downloaded_at":"2026-09-10T02:11:06.029Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483251","source_sha256":"5fb39cea09d099cf25a514655dbf6e842a31ee0bca4ca107f6dedbfc134f2735"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"924-10-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">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.</div></div>","snippet":"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 gu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3987824e05a9770e14b2ff3ab1b014ba1df58f5f376d801a50d030a49b04f86c","downloaded_from":"2026-09-10T02:11:10.079Z","last_downloaded_at":"2026-09-10T02:11:10.079Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483225","source_sha256":"ca760b00bf64283cf53a028a05901527bb032fe4a04642f8e8c6fd8997e175b0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e357b9c5db76c7358d8a2d1be42e21959609295de15e1739a8980bfd2d2d8326","downloaded_from":"2026-09-10T02:11:10.079Z","last_downloaded_at":"2026-09-10T02:11:10.079Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483225","source_sha256":"ca760b00bf64283cf53a028a05901527bb032fe4a04642f8e8c6fd8997e175b0"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"924-10-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">The Entertainment—Casinos Topic provides guidance for all entities that operate as casinos and for the casino operations of other entities.</div></div>","snippet":"The Entertainment—Casinos Topic provides guidance for all entities that operate as casinos and for the casino operations of other entities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dbce7183a34974f312e36589b74692828570fc63fc72f0c156ebbf1e276c2511","downloaded_from":"2026-09-10T02:11:10.079Z","last_downloaded_at":"2026-09-10T02:11:10.079Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483225","source_sha256":"ca760b00bf64283cf53a028a05901527bb032fe4a04642f8e8c6fd8997e175b0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0835a42bef8a835e6ac75e4cef5f4b3ad5a695e271dca29e28448600b096acb4","downloaded_from":"2026-09-10T02:11:10.079Z","last_downloaded_at":"2026-09-10T02:11:10.079Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483225","source_sha256":"ca760b00bf64283cf53a028a05901527bb032fe4a04642f8e8c6fd8997e175b0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1dd56e675a264c6d29c01dd497426ebfda10fcb8d79b9a408b9261cf48216c6b","downloaded_from":"2026-09-10T02:11:10.079Z","last_downloaded_at":"2026-09-10T02:11:10.079Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483225","source_sha256":"ca760b00bf64283cf53a028a05901527bb032fe4a04642f8e8c6fd8997e175b0"}},{"number":"S45","label":"SEC 45 Other Presentation Matters","anchor":"sec-45-other-presentation-matters","is_sec":true,"groups":[{"block":null,"heading":"Income Statement Presentation of Expenses","paragraphs":[{"citation":"924-10-S45-1","para":"S45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_DE2A8EC8-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">See paragraph <a href=\"/asc/924/10/#924-10-S99-1\" class=\"xref\">924-10-S99-1</a>, SAB Topic 11.L, for SEC Staff views on the income statement presentation of expenses attributable to casino-hotel activities. </span></span></div></div>","snippet":"See paragraph 924-10-S99-1, SAB Topic 11.L, for SEC Staff views on the income statement presentation of expenses attributable to casino-hotel activities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0809e8e82ccfc38a3fa5efbe1865facec8da0062089d0aa5d009e47d4795f832","downloaded_from":"2026-09-10T02:11:16.270Z","last_downloaded_at":"2026-09-10T02:11:16.270Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480004","source_sha256":"fe05754bf2f6dd6c1a73dba77e6b6f1a52dc721ae6919d6824ad639542726e04"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6fa25ad58cfa890210344ab5950e3064907af69bccc1bf941b6f67663f8e1e0c","downloaded_from":"2026-09-10T02:11:16.270Z","last_downloaded_at":"2026-09-10T02:11:16.270Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480004","source_sha256":"fe05754bf2f6dd6c1a73dba77e6b6f1a52dc721ae6919d6824ad639542726e04"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:42947a70e5b1bd746095d07ad63383bc6a936a2e432bd380ab8f550c3435020d","downloaded_from":"2026-09-10T02:11:16.270Z","last_downloaded_at":"2026-09-10T02:11:16.270Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480004","source_sha256":"fe05754bf2f6dd6c1a73dba77e6b6f1a52dc721ae6919d6824ad639542726e04"}},{"number":"S99","label":"SEC 99 SEC Materials","anchor":"sec-99-sec-materials","is_sec":true,"groups":[{"block":null,"heading":"SEC Staff Guidance","paragraphs":[{"citation":"924-10-S99-1","para":"S99-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following is the text of SAB Topic 11.L, Income Statement Presentation Of Casino-Hotels.<ul class=\"ul simple\" id=\"d3e499484-122856__GUID-18DDB77E-6FC7-4716-860C-26351ED18262\"><li class=\"li\" id=\"d3e499484-122856__SL6329284-122856\"><div class=\"p\"><span class=\"sfragment\" id=\"sfr_DE3968A9-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Facts: Registrants having casino-hotel operations present separately within the income statement amounts of revenue attributable to casino, hotel and restaurant operations, respectively. </span></span></div></li><li class=\"li\" id=\"d3e499484-122856__SL6329285-122856\"><div class=\"p\"><span class=\"sfragment\" id=\"sfr_DE396A32-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Question: What is the appropriate income statement presentation of expenses attributable to casino-hotel activities? </span></span></div></li><li class=\"li\" id=\"d3e499484-122856__SL6329286-122856\"><div class=\"p\"><span class=\"sfragment\" id=\"sfr_DE396B89-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">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. </span></span></div></li></ul></div></div>","snippet":"The following is the text of SAB Topic 11.L, Income Statement Presentation Of Casino-Hotels.\nFacts: Registrants having casino-hotel operations present separately within the income statement amounts of revenue attributabl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:947879c2809dbc68e01f4cd726ef4030621bfac05099da56a5311a46f823dcca","downloaded_from":"2026-09-10T02:11:22.837Z","last_downloaded_at":"2026-09-10T02:11:22.837Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479941","source_sha256":"40740ddadd58cbffbcd53723548a79936ddc9eeba12b53c4a9946202585969c0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4347865b0ffec472e3ceb6ace0ed472365aa7ecd12e90eda216e5fc9ec485e98","downloaded_from":"2026-09-10T02:11:22.837Z","last_downloaded_at":"2026-09-10T02:11:22.837Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479941","source_sha256":"40740ddadd58cbffbcd53723548a79936ddc9eeba12b53c4a9946202585969c0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:58689d7fd1f31ae90b6a864801aecfe0a208853a76d2d9fc7d2a2d4bad37635f","downloaded_from":"2026-09-10T02:11:22.837Z","last_downloaded_at":"2026-09-10T02:11:22.837Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479941","source_sha256":"40740ddadd58cbffbcd53723548a79936ddc9eeba12b53c4a9946202585969c0"}}],"enrichment":{"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"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:87776bdef59de7f78b426284f831656eefe539e4a8f61a45e08350d27a7cf389","downloaded_from":"2026-09-10T02:11:02.015Z","last_downloaded_at":"2026-09-10T02:11:22.837Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"280-924","title":"Entertainment—Casinos","topic_title":"Segment Reporting","score":0.8171,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e73320376caccba427afa929e4fbd6298ecd6c9a7736a4f98ccaf14b0b59ac1c","downloaded_from":"2026-09-09T23:23:20.429Z","last_downloaded_at":"2026-09-09T23:23:26.099Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"720-924","title":"Entertainment—Casinos","topic_title":"Other Expenses","score":0.7347,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eafed499b351bb6df7eab3cbaa26a1ea4d271322e3d51bb1625f1389b25ac78d","downloaded_from":"2026-09-10T01:09:57.559Z","last_downloaded_at":"2026-09-10T01:10:03.676Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"740-924","title":"Entertainment—Casinos","topic_title":"Income Taxes","score":0.7318,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9c28d9317ddf721527477bb7863480b9c3565a74bd6ccc267e7cee7078aa5dc2","downloaded_from":"2026-09-10T01:19:35.937Z","last_downloaded_at":"2026-09-10T01:19:46.163Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"815-924","title":"Entertainment—Casinos","topic_title":"Derivatives and Hedging","score":0.7172,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e8d002ae7851e43d7973f9d735e340cc79ce09cf8c740aeb973fcef8c89f0477","downloaded_from":"2026-09-10T01:39:58.369Z","last_downloaded_at":"2026-09-10T01:40:04.850Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"922-10","title":"Overall","topic_title":"Entertainment—Cable Television","score":0.7088,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:69dfee7e0f1c24e796f0840dfc6164e725625c27201e3f8257b06144bd942e6c","downloaded_from":"2026-09-10T02:10:54.487Z","last_downloaded_at":"2026-09-10T02:11:00.249Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"605-924","title":"Entertainment—Casinos","topic_title":"Revenue Recognition","score":0.7002,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3be5b7f0bcfbe82d9d25241dc67ac35934f9df1bcc6dedf924416cbdf63f49ae","downloaded_from":"2026-09-10T00:47:28.279Z","last_downloaded_at":"2026-09-10T00:47:49.424Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"922-10","title":"Overall","topic_title":"Entertainment—Cable Television","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:12e97101c0fb3f4b1a56458c188f02bc4cfbcec6be3c2f8808d1c05d6af40b13","downloaded_from":"2026-09-10T02:10:54.487Z","last_downloaded_at":"2026-09-10T02:11:00.249Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"926-10","title":"Overall","topic_title":"Entertainment—Films","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1d548c45da008db63741f3a1a44d49b42de4f9ceb0150451fbf5f4b1e21ec540","downloaded_from":"2026-09-10T02:11:25.730Z","last_downloaded_at":"2026-09-10T02:11:34.569Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e017db5f053352ff6eaa0bbd96392bcfc8a16ccec9b5a4ace78e14ef2c1df50f","downloaded_from":"2026-09-10T02:11:02.015Z","last_downloaded_at":"2026-09-10T02:11:22.837Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"paragraphs":9,"summary":"ASC 924 (Entertainment—Casinos), Subtopic 10 \"Overall,\" gathers the accounting and reporting rules unique to gaming entities and identifies the Topic's other Subtopics—Segment Reporting, Liabilities, Other Expenses, Income Taxes, and Derivatives and Hedging (924-10-05-1); the former Revenue Recognition Subtopic was superseded by ASU 2014-09. It addresses gaming chips, promotional allowances, base jackpots, slot machines, income taxes, and geographic segment disclosure (924-10-05-2), against a background of riverboat, Native American, and internet gaming/sports betting and large destination resorts with substantial hotel, food and beverage, and retail revenue (924-10-05-3 through 05-4). The single most important idea is that this guidance is incremental only: it applies to all entities operating as casinos and to the casino operations of other entities (924-10-15-2), which must still comply with all other applicable GAAP (924-10-15-1).","concepts":["casino operations","incremental industry-specific guidance","gaming chips","promotional allowances","base jackpots","slot machines","geographic segment disclosure","scope of the casinos topic"],"categories":["Industry-specific","Disclosure","Revenue","Income taxes"],"level":"intermediate","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b44d3a2866c3955dca9bc8701952d85ef1aa35a4fabdd3dbad13f053b5870b8e","downloaded_from":"2026-09-10T02:11:02.015Z","last_downloaded_at":"2026-09-10T02:11:22.837Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}