Donald E. McGhie, CPA Expert Witness
Professional Licenses: Certified Public Accountant, State of Nevada, License # 174
Professional Organizations:Nevada Society of Certified Public Accountants. American Institute of Certified Public Accountants.
Honors: Gaming Hall of Fame Nevada Society of Certified Public Accountants. Member of the Advisory Committee for the Bureau of Business and Economic Development, prior Director of the Advisory Committee for the Study of Gambling and Commercial Gaming and Dean’s Advisory Committee College of Business Administration the University of Nevada.
Experience:Casino consulting performed in Nevada, New Jersey, Louisiana, Mississippi, Illinois, Indiana, Canada, Puerto Rico, Korea and the Caribbean. In total, the number of individual casinos involved has exceeded 100.
Regulatory Agencies: Consulting for governmental gaming agencies including the Nevada Gaming Control Board and Commission, New Jersey Division of Gaming Enforcement, the Compania de Turismo de Puerto Rico, the New Zealand Casino Control Authority, the Societe Des Casinos du Quebec, the Montana Gaming Control Division and the Nova Scotia Gaming Corporation.
Publication:Co-authored and published the Audit and Accounting Guide for Casinos as a member of the gaming industry special committee for the American Institute of Certified Public Accountants.
Developing casino marketing strategies and studies to evaluate various individual casino’s or equipment manufacturer’s market: other studies have included the potential gaming market for riverboats in Louisiana and New Orleans, Mississippi, Illinois, Indiana and the economic impact of video lottery machines in New Mexico and Kansas. Estimated loss of profits because of delayed opening of a hotel casino in Cripple Creek, Colorado.
Consulting with clients to acquire financing. Engagements have included a trip to Japan to meet with Nippon Credit Bank; financial consulting on casino leases and management contracts.
Prepared conceptual structural amenity designs, marketing and feasibility studies for hotel casinos, including schedules of projected financial operations.
Prepared a study for the Nevada Slot Machine Route operators for presentation to the Nevada State Legislature in defense of current tax policy. Prepared and presented a study concerning the inequities of the then current City of Reno municipal condemnation regulations.
1986-1987- Chief Operating Officer of Bally's Las Vegas, Nevada.
Financial and operational auditing, income tax consulting and management advisory services for various industries with particular emphasis on the hotel and casino industry.
Designed internal control systems for twelve casinos. Conducted research projects to evaluate slot machine mix for casinos. Developed a computerized method to evaluate supply and demand for slot machines, slot machine accounting and maintenance system.
Designed and implemented other accounting and information systems for hotel casinos including, food and bar, front desk and reservations, security and surveillance. Developed computerized budgeting systems and participated in training casino personnel in budgeting.
Prepared feasibility and marketing studies for numerous casinos. Participated in preparing rate studies for utilities subject to the rules of the Nevada Public Service Commission.
Gaming Regulatory Authorities
New Jersey-Consulted and provided 40 hours instruction for the New Jersey Division of Gaming Enforcement Audit Division in casino internal controls and audit procedures.
Puerto Rico- Consulted for the Compania de Turismo of Puerto Rico concerning expanding the number of slot machines, mix of machines, and internal controls for slot machines. Lectured to agency staff and casino managers on methods to evaluate mix and placement of slot machines.
New Zealand-Consulted for the New Zealand Casino Control Authority on a regulatory overview of gaming laws in Nevada and New Jersey.
Quebec- Consulting for the Societe Des Casinos Du Quebec to train internal control managers and supervisors for the Montreal casino that opened in October 1993.
Montana- Compliance auditing for video gambling machine taxes.
Nova Scotia -Review of operations of the Halifax ITT Sheraton Hotel Casino and extensive market study for future gaming for the Nova Scotia Gaming Corporation.
Other Experience
University of Nevada -Managed the annual audit and examination of the general purpose financial statements, established overhead allocation rates, designed system to reconcile travel advances and designed special reports on the financial accounting system.
Publications
"Seventeen Year History of Gaming in Nevada" International Gaming and Wagering Business, 1990.
"AuditAid" audit research working paper series report #84-003, J.M. Tull School of Accounting, The University of Georgia, 1985.
Audit and Accounting Guide for Casinos, co-author, the American Institute of Certified Public Accountants, 1984.
"Developing a Casino's Marketing Plan,"co-author, Public Gaming, October 1983.
"Planning a Casino,"co-author, Gaming Business, August 1982.
Lecturer
Donald McGhie, CPA
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Certificate of Enrollment to practice as an agent before the Nevada State Gaming Control Board and Gaming Commission.
1987 to Present- President of McGhie Consulting
Litigation support for legal matters. Qualified six times in Nevada District Court and twice in Federal Bankruptcy Court as an expert in casinos. Engaged as an expert in gaming in six other litigation issues that were settled. Appeared numerous times before the Nevada Gaming Control Board and the Gaming Commission concerning matters related to gaming licenses and proposed gaming regulations.
A 2,832 room hotel with 55,000 square foot casino, 110 table games, 1,000 slot machines, 4,200 employees, with an annual gross in excess of $250,000,000.
1961-1986- Senior Partner in Kafoury, Armstrong Company.
Certified Public Accountants. Largest accounting firm in Nevada.