Kiowa Casino Operations Authority
How we got $105.5M
Based on its 322 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Signs of a sale Unlikely to sell soon
- In business 21 years (since 2005)
- Acquired by IVOREE (2026)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Acquired by IVOREE · Oct 2026A press release reports IVOREE extended its Oklahoma reach with a Kiowa Casino deal, though the snippet does not clearly describe a sale of the Kiowa Casino Operations Authority itself and mainly describes IVOREE deploying AI patron engagement across Kiowa's three sites.Source
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| KIOWA CASINO OPERATIONS AUTHORITY this business | $130.0M | — |
| KIOWA CASINO - CARNEGIE Devol · 75 employees | $20.3M | 0.0 mi |
| Apache Lonestar Casino Devol | $23.7M | 1.9 mi |
| COMANCHE STAR CASINO Walters · 43 employees | $12.3M | 20.1 mi |
| Comanche Nation Casino Lawton | $23.7M | 32.9 mi |
| Comanche Red River Casino Lawton | $23.7M | 34.9 mi |
| Comanche Cache Casino Cache | $23.7M | 35.0 mi |
The full calculation
| Employees reported to the SBA | 322 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $100.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $129.8M |
| Estimate: the two combined (geometric mean) | $130.0M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $15.5M |
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 | $105.5M |
| Multiple for this size and industry | 6.8× |
| Value range | $55.5M – $144.3M |
| Revenue range | $85.5M – $148.2M |
| EBITDA range | $10.2M – $17.7M |
| 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
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 |
|---|---|---|---|
| 4/30/2020 | first | $2.9M | 322 |
| 3/25/2021 | second | $2.0M | 279 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Kiowa Casino Operations Authority
Kiowa Casino Operations Authority is a casinos (except casino hotels) company in Devol, Oklahoma, in business since 2005. Its estimated annual revenue is about $130.0M, with roughly $15.5M of EBITDA. It has about 322 employees. Its estimated business value is $105.5M (likely range $55.5M–$144.3M).
Common questions
- Who owns Kiowa Casino Operations Authority?
- The owner of Kiowa Casino Operations Authority 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 Kiowa Casino Operations Authority make?
- SeeBITDA estimates Kiowa Casino Operations Authority's annual revenue at about $130.0M (likely between $85.5M and $148.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Kiowa Casino Operations Authority worth?
- About $105.5M, roughly 6.8× its estimated EBITDA of $15.5M, typical for a casinos (except casino hotels) company its size. Likely range: $55.5M–$144.3M.
- How many employees does Kiowa Casino Operations Authority have?
- About 322, as reported on its PPP loan.
- When was Kiowa Casino Operations Authority founded?
- Kiowa Casino Operations Authority has been in business since 2005.