This session will provide a comprehensive update on recent regulatory and compliance developments affecting accounting and taxation for Tribal Casinos. Key topics include:

· An overview of GASB Statement No. 103, Financial Reporting Model Improvements, and its implications for financial statement presentation in Tribal Casinos.

· Insights into GASB’s ongoing project to revise revenue and expense recognition, with a focus on anticipated impacts on Tribal Casino financial reporting.

· Updates on tax law changes relevant to Tribally Owned Corporations, including guidance on Tax Form W2-G for jackpot winners and the implementation of  “no tax on tips” for employees.

Attendees will gain valuable knowledge to ensure compliance and optimize financial reporting practices within their organizations.