Consolidated casinos, new hotels, more challenges.
Driven by improving economic trends and new consumer behavior, widespread changes are putting pressure on the gaming, hospitality, and leisure industries. For commercial casinos, consolidation has increased in an expanding international market; companies are merging with one another to gain more market share and reduce competition. Meanwhile, new hotels and resorts continue to emerge, and businesses are keeping an eye on the future, closely monitoring the preferences of millennials.
TMO is one of the only global firms to dedicate a practice to serving the Gaming, Hospitality, and Leisure sectors. We provide hotel consulting, M&A due diligence, debt restructuring, and international tax planning services to clients throughout the country, and around the world.
Through articles, conferences, and research reports, TMO’s professionals are at the forefront of critical industry issues, publishing insights and speaking on a variety of emerging challenges and opportunities. Our international team keeps businesses up to date on proposed tax laws and regulation changes, offering proactive guidance as companies restructure and reorganize their operations in the face of new industry trends.
Building market share through consolidation.
As companies attempt to secure larger market shares, the gaming industry has been experiencing widespread consolidation through mergers and acquisitions. Against this backdrop, the gaming industry has been expanding around the world, and those who once chose Las Vegas to gamble are now visiting Macau and other locations in Asia instead.
TMO’s Gaming, Hospitality, and Leisure Practice understands the unique issues facing commercial and tribal casinos, and possesses specialized knowledge of the regulatory matters that differ among states. Companies operating in the gaming industry typically have complex cross-border structures; TMO regularly helps clients navigate tax laws and regulation changes as they pertain to particular businesses.
Beyond traditional audit, tax, and consulting services, TMO has uniquely deep experience serving gaming businesses. Specific services include analysis and due diligence for acquisitions, recognition of franchise revenues, debt restructurings, and international tax planning.
New hotels, higher prices.
After years of lackluster growth, the lodging industry is experiencing a resurgence, with increased construction and new hotel rooms hitting the market. These developments have pushed up prices and have many hotels examining their growth and marketing strategies for the future.
Boutique hotels continue to grow in popularity, and industry experts are watching closely to see if the trend will continue to be embraced by millennials.
With a deep understanding of these industry trends, TMO helps hotels and resorts navigate the industry’s most pressing accounting and tax issues, including all aspects of hotel consulting, market analysis, valuation studies, operational reviews, and organizational assessments. From boutiques to chain hotels, different companies in the lodging sector have different needs, and TMO helps each company identify competition, demographic trends, and specific real estate issues.
TMO’s Gaming, Hospitality, and Leisure Practice is comprised of professionals across the country who provide relevant insights on lodging’s biggest developments. Our professionals go beyond balance sheets and financial statements, sharing knowledge with clients through newsletters, reports, quarterly guides, and various webinar events.
Representing teams across every major sports franchise.
As new stadiums with high-end amenities emerge across the country, the cost to pay for talent and draw fans continues to rise with ticket prices. As a result, sports and leisure companies must find ways to cover these expenses and drive profits through viewing experiences. And amid the proliferation of viewing options, the distribution of media rights remains a significant issue.
From finding investors for a new stadium to negotiating media deals, TMO understands the challenges and complexities many sports organizations face. Through audit, tax, and consulting services, TMO provides guidance to a wide range of sports and leisure clients, including professional sports franchises and health clubs.
Around the world, TMO assists in conducting valuations, analyzing sponsorship opportunities, measuring sponsorship impact, and structuring leases. TMO has not only provided assistance to teams in major sports professional sports leagues – including the NFL, NBA, MLB, and NHL – but also performed NCAA agreed-upon procedures, keeping clients up to date on the latest reporting requirements.