§ 502.16 - Net revenues.  


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  • § 502.16 Net revenues.

    Net revenues means gross gaming revenues of an Indian gaming operation less -

    (a) Amounts paid out as, or paid for, prizes; and

    (b) Total gaming-related operating expenses, including all those expenses of the gaming operation commonly known as operating expenses and non-operating expenses consistent with professional accounting pronouncements, excluding management fees.

    [74 FR 36932, July 27, 2009]