Native Lights Casino
How we got $18.8M
Based on its 92 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
What they do
Native Lights Casino is a casino in Newkirk, Oklahoma, offering over 400 slot machine games, a smoke shop, and the Buffalo Grill & Lounge. It is part of Tonkawa Casinos and Tonkawa Enterprises.
From the company's website. Industry: Casinos (except Casino Hotels).
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| NATIVE LIGHTS CASINO this business | $27.6M | — |
| 7 Clans Casinos & Resort Careers Newkirk | $23.7M | 0.6 mi |
| Kaw Southwind Casino Newkirk Newkirk | $23.7M | 6.6 mi |
| KAW GAMING INC. Newkirk · 156 employees | $52.7M | 6.7 mi |
| SouthWind Casino Kanza Braman | $23.7M | 16.6 mi |
| Kaw South Wind Casino Braman | $23.7M | 16.6 mi |
| ROCK & BREWS CASINO BRAMAN Braman | $23.7M | 16.8 mi |
The full calculation
| Employees reported to the SBA | 92 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $21.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $27.1M |
| Estimate: the two combined (geometric mean) | $27.6M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $3.8M |
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 | $18.8M |
| Multiple for this size and industry | 5× |
| Value range | $9.9M – $25.7M |
| Revenue range | $18.1M – $31.4M |
| EBITDA range | $2.5M – $4.3M |
| 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
- BankingFirst National Bank of OklahomaPPP / 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
| First National Bank of Oklahoma PPP 2020 | All 405 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $664K | 92 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Native Lights Casino
Native Lights Casino is a casinos (except casino hotels) company in Newkirk, Oklahoma, in business since 2015. Its estimated annual revenue is about $27.6M, with roughly $3.8M of EBITDA. It has about 92 employees. Its estimated business value is $18.8M (likely range $9.9M–$25.7M).
Common questions
- Who owns Native Lights Casino?
- The owner of Native Lights 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 Native Lights Casino make?
- SeeBITDA estimates Native Lights Casino's annual revenue at about $27.6M (likely between $18.1M and $31.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Native Lights Casino worth?
- About $18.8M, roughly 5× its estimated EBITDA of $3.8M, typical for a casinos (except casino hotels) company its size. Likely range: $9.9M–$25.7M.
- How many employees does Native Lights Casino have?
- About 92, as reported on its PPP loan.
- When was Native Lights Casino founded?
- Native Lights Casino has been in business since 2015.