Gold River Casino
How we got $24.3M
Based on its 109 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
What they do
Gold River Casino is a casino in Anadarko, Oklahoma, offering slot machines and electronic games, daily, weekly and monthly promotions, a Players Club rewards program, and the Lenape Lounge & Grill with a full-service bar.
From the company's website. Industry: Casinos (except Casino Hotels).
Estimated value over time
▼ 3% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| GOLD RIVER CASINO this business | $35.7M | — |
| CASINO OKLAHOMA Anadarko · 102 employees | $35.2M | 0.0 mi |
| LENAPE ENTERTAINMENT LLC Anadarko · 17 employees | $6.9M | 4.4 mi |
| FORT SILL APACHE GAMING COMMISSION Apache · 8 employees | $3.0M | 13.9 mi |
| Golden Eagle Casino Apache | $23.4M | 16.4 mi |
| APACHE TRIBE OF OKLAHOMA Apache · 27 employees | $7.2M | 16.4 mi |
| SaltCreek Casino Grady County | $23.4M | 16.8 mi |
The full calculation
| Employees reported to the SBA | 109 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $33.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $28.9M |
| Estimate: the two combined (geometric mean) | $35.7M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $4.9M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $24.3M |
| Multiple for this size and industry | 5× |
| Value range | $12.8M – $33.3M |
| Revenue range | $23.5M – $40.7M |
| EBITDA range | $3.2M – $5.5M |
| Industry (NAICS) | Casinos (except Casino Hotels) (713210) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingBank 7PPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Bank 7 PPP 2020, PPP 2021 | All 400 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $654K | 109 |
| 1/19/2021 | second | $671K | 108 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Gold River Casino
Gold River Casino is a casinos (except casino hotels) company in Anadarko, Oklahoma, in business since 2005. Its estimated annual revenue is about $35.7M, with roughly $4.9M of EBITDA. It has about 109 employees. Its estimated business value is $24.3M (likely range $12.8M–$33.3M).
Common questions
- Who owns Gold River Casino?
- The owner of Gold River Casino isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Gold River Casino make?
- SeeBITDA estimates Gold River Casino's annual revenue at about $35.7M (likely between $23.5M and $40.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Gold River Casino worth?
- About $24.3M, roughly 5× its estimated EBITDA of $4.9M, typical for a casinos (except casino hotels) company its size. Likely range: $12.8M–$33.3M.
- How many employees does Gold River Casino have?
- About 109, as reported on its PPP loan.
- When was Gold River Casino founded?
- Gold River Casino has been in business since 2005.