News

One of our Managers, Benjamin Schwartz, CPA, MBA, was recognized as a 2024 AICPA Outstanding Young CPA Award. Honorees are selected for exemplifying passion, intellect, and inspiration in the accounting profession. Each recipient is committed to positively impacting the profession through volunteering and have demonstrated leadership within their job and volunteer activities.  “As an Alaskan Native enrolled Tribal Member, I […]

The National Indian Gaming Commission is amending agency procedures for calculating the amount of annual fee a gaming operation owes to the NIGC. The amendment excludes certain promotional credits from the calculation of the annual fee a gaming operation owes. This change is effective October 6, 2022. The NIGC amends 25 CFR Part 514.4 by revising paragraph (c) to read […]

The National Indian Gaming Commission has adopted the following annual fees for FY22: Tier 1: 0.00% Tier 2: 0.08% Self-Regulation Class II Revenues: 0.04% The fee rates are effective November 1, 2021, and will remain in effect until new rates are adopted. These rates shall apply to all assessable gross revenues from each gaming operation under the jurisdiction of the […]

As part of its continuing efforts to assist state and local governments during the COVID-19 pandemic, GASB released a proposed staff Technical Bulletin containing application guidance related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) of 2020 and certain outflows incurred in response to the coronavirus. The Technical Bulletin is being proposed to address questions raised with […]

The NIGC released Bulletin 2020-1 on January 29, 2020, the purpose of which is to provide guidance for Tribes considering the operation of sports books on Indian lands. Sports betting is defined as Class III gaming so if a Tribe’s Compact doesn’t allow for Class III gaming or sports betting, the Tribe and respective state must adopt or amend the […]

The American Gaming Association (AGA) has updated its Best Practices for Anti-Money Laundering Compliance for Casinos. In the updated document, the AGA discusses Know Your Customer procedures, as well as independent review procedures that Casinos should expect from their independent auditor. The document also discusses internal compliance officer expectations related to reviews of reports at regular intervals, which should be […]

The National Indian Gaming Commission’s annual fee rate remains the same as last year, maintaining the lowest rates of the last nine years. Tier 1: 0.00% Tier 2: 0.062% Self-Regulation Class II Revenues: 0.031% The fee rates are effective November 1, 2019, and will remain in effect until new rates are adopted. These rates shall apply to all assessable gross […]

On September 12, 2019, the NIGC released the Fiscal Year 2018 Gross Gaming Revenue (GGR) numbers, which total $33.7 billion. This is an overall increase of 4.1% over FY 2017. This is the highest GGR in Indian Gaming history with all of the NIGC’s administrative regions experiencing positive growth. NIGC Vice Chair Kathryn Isom-Clause said, “The GGR calculation process is […]

Effective January 22, 2019, the National Indian Gaming Commission (NIGC) has amended its Minimum Internal Control Standards (MICS) for Class II gaming to correct an erroneous deletion of the key control standards and to make other minor edits and additions for clarity. The Final Rule includes a Review of Public Comments and Regulatory Matters, including a list of the amended […]

The National Indian Gaming Commission has adopted its 2018 annual fee rates, which remain the same as the 2017 fee rates. These rates apply to all assessable gross revenues from each gaming operation under the jurisdiction of the NIGC. If a Tribe has a certificate of self-regulation under 25 CFR part 518, the annual fee rate on Class II revenues will […]