SeeBITDAOklahoma

Cherokee Casino Grove

Gambling Industries
  • 24979 Highway 59 N, Grove, OK
  • Since 1998
Estimated valueLow confidence
$16.0M
$3.5Mlikely range$29.9M
About 5× its yearly profit, typical for a company this size in its industry.
Revenue
$23.4M
a year
Profit (EBITDA)
$3.2M
14% of revenue
Employees
—
not reported
Owner not found yet
We haven't found the owner in public records
Some signs of a sale

How we got $16.0M

Based on typical figures for its industry (2022 Economic Census), not its own records.

A typical gambling industries business in Oklahoma$23.4M
Revenue$23.4M
× 14% profit margin$3.2M
× 5 sale multiple = value$16.0M

· Own this business? Correct these figures

What we know

No PPP loan
No 401(k) filing
No reported financials
Company website
Owner not found

Signs of a sale Some signs of a sale

  • In business 28 years (since 1998)

From public records and the company's website, not a statement that it's for sale.

What they do

Cherokee Casino Grove is a casino in Grove, OK, offering slot and e-games, promotions, dining, live entertainment and a Status+ Rewards loyalty program. It is open to players 21 and older.

Products & services
SlotsE-Games1897 BarStatus+ RewardsMeetings & EventsEntertainment
Service area
GroveRamonaSouth CoffeyvilleRolandSallisawWest Siloam SpringsFort GibsonTahlequah

From the company's website. Industry: Gambling Industries.

Customers & suppliers

Suppliers & brands

  • Dragon Link · brand it sells or installs
  • Mo Mummy Valley of Riches · brand it sells or installs
  • Timber Jack Going Wilder · brand it sells or installs
  • Golden Century · brand it sells or installs
  • Treasures of the Deep · brand it sells or installs
  • Mystery of the Lamp Enchanted Palace · brand it sells or installs
  • Festival Frenzy · brand it sells or installs

Compared with similar businesses nearby

BusinessEst. revenueEst. profitDistance
Cherokee Casino Grove
this business
$23.4M$3.2M—
Grand Lake Casino
Grove
$23.4M$3.2M6.2 mi
WYANDOTTE NATION CASINO
Wyandotte · 226 employees
$74.9M$10.2M11.5 mi
River Bend Casino And Hotel
Wyandotte
$23.4M$3.2M11.5 mi
Lucky Turtle Casino
Wyandotte
$23.4M$3.2M11.7 mi
THE STABLES CASINO
Miami · 191 employees
$53.6M$7.3M15.1 mi
High Winds Casino
Miami
$23.4M$3.2M15.2 mi

The full calculation

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$16.0M
Multiple for this size and industry5×
Value range$3.5M – $29.9M

This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Gambling Industries businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (14%). Treat these as a rough guide.

Revenue range$6.3M – $36.5M
EBITDA range$863K – $5.0M
Industry (NAICS)Gambling Industries (7132)

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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology

People & advisors

Founded 2016

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.

Public records

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Cherokee Casino Grove

Cherokee Casino Grove is a gambling industries company in Grove, Oklahoma, in business since 1998. Its estimated annual revenue is about $23.4M, with roughly $3.2M of EBITDA. Its estimated business value is $16.0M (likely range $3.5M–$29.9M).

Common questions

Who owns Cherokee Casino Grove?
The owner of Cherokee Casino Grove 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 Cherokee Casino Grove make?
SeeBITDA estimates Cherokee Casino Grove's annual revenue at about $23.4M (likely between $6.3M and $36.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Cherokee Casino Grove worth?
About $16.0M, roughly 5× its estimated EBITDA of $3.2M, typical for a gambling industries company its size. Likely range: $3.5M–$29.9M.
When was Cherokee Casino Grove founded?
Cherokee Casino Grove has been in business since 1998.