Nevada Gaming Control Board: Notice 2022-64 Standard Financial Statements (NGC-17)

 

Nevada Gaming Commission Regulation 6.070 requires all nonrestricted licensees having gross revenue of $1 million or more for the 12 months ended June 30th to file standard financial statements each fiscal year. These statements are used to complete the Nevada Gaming Abstract.

The standard financial statement filing will be the same as last year using our online filing system (“online system”). The link to the online system is available on our website at www.gaming.nv.gov under Tax Forms. The standard financial statements must be submitted to the Nevada Gaming Control Board no later than September 15, 2022.

If applicable, the value of the Contra Revenue should be broken out separately and reported on the NGC-17. Do NOT net the amount of the Contra Revenue against the revenue in each department and report zero under Contra Revenue.

Additionally, any assets, liabilities, expenses or revenues held at the corporate level that are directly attributable to the licensee should be included in the standard financial statement. Interest expense held at the corporate level should be included only if the proceeds from the associated debt were used by the actual licensee filing the statement.

We have posted the “Uniform Chart of Accounts” on our website. Please use this if you have any questions regarding how to classify items on your financial statements. If you have any questions relating to the reporting requirements, please contact Michael Lawton, Senior Economic Analyst, at

(775) 684-7700. If you have any questions concerning the online system, please contact the Tax and License Division at (775) 684-7770 for Northern Nevada and (702) 486-2008 for Southern Nevada.

Previous articleInnovative Technology Americas, Inc. welcomes new Technical Support Specialist
Next articleMoobifun enters Haitian market with Gol Cash Haiti partnership
George Miller has started working in the gaming industry as an Editor/Content Manager in 2016 and since then he has acquired many experiences when it comes to interviews and newsworthy subject covering. In 2017, he became Head of Content and he is responsible for the editorial team, press release and story covering on multiple websites that are part of Hipther Agency, including EuropeanGaming.eu.

LEAVE A REPLY

Please enter your comment!
Please enter your name here