Kickapoo Casino
How we got $87.3M
Based on its 264 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 19 years (since 2007)
From public records and the company's website, not a statement that it's for sale.
What they do
Kickapoo Casino operates two casinos in Harrah and Shawnee, OK, near Oklahoma City.
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 |
|---|---|---|
| KICKAPOO CASINO this business | $94.3M | — |
| Firelake Grand Casino Shawnee | $23.4M | 7.9 mi |
| Grand Casino Hotel & Resort Shawnee | $23.4M | 7.9 mi |
| Grand Casino Poker Room Shawnee | $23.4M | 7.9 mi |
| MegaWin Casino USA Shawnee | $23.4M | 11.9 mi |
| THE BLACK HAWK CASINO Shawnee · 149 employees | $53.6M | 12.0 mi |
| Thunderbird Casino Shawnee Shawnee | $23.4M | 14.2 mi |
The full calculation
| Employees reported to the SBA | 264 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $76.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $89.1M |
| Estimate: the two combined (geometric mean) | $94.3M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $12.8M |
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 | $87.3M |
| Multiple for this size and industry | 6.8× |
| Value range | $45.9M – $119.5M |
| Revenue range | $62.0M – $107.5M |
| EBITDA range | $8.4M – $14.6M |
| 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
History & advisors
“Kickapoo Casino Shawnee opened in November of 2012 and is owned and operated by the Kickapoo Tribe of Oklahoma.”
Advisors
- BankingCrossFirst BankPPP / 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
| CrossFirst Bank PPP 2020, PPP 2021 | All 299 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 | $1.5M | 193 |
| 1/27/2021 | second | $1.5M | 174 |
2 locations
| 25230 E HIGHWAY 62 | Harrah | This listing |
| 38900 W MACARTHUR ST | Shawnee | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Kickapoo Casino
Kickapoo Casino is a casinos (except casino hotels) company in Harrah, Oklahoma, in business since 2007. Its estimated annual revenue is about $94.3M, with roughly $12.8M of EBITDA. It has about 264 employees. Its estimated business value is $87.3M (likely range $45.9M–$119.5M). It has 2 locations.
Common questions
- Who owns Kickapoo Casino?
- The owner of Kickapoo 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 Kickapoo Casino make?
- SeeBITDA estimates Kickapoo Casino's annual revenue at about $94.3M (likely between $62.0M and $107.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Kickapoo Casino worth?
- About $87.3M, roughly 6.8× its estimated EBITDA of $12.8M, typical for a casinos (except casino hotels) company its size. Likely range: $45.9M–$119.5M.
- How many employees does Kickapoo Casino have?
- About 264, as reported on its PPP loan.
- When was Kickapoo Casino founded?
- Kickapoo Casino has been in business since 2007.