promotional allowances

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.

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.