Thunderbird Casino
How we got $56.5M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
What they do
Thunderbird Casino operates casino gaming locations in Norman and Shawnee, Oklahoma, offering gaming, bingo, live music, karaoke, dining and a Player's Club rewards program for guests.
From the company's website. Industry: Gambling Industries.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Thunderbird Casino this business | $70.3M | — |
| THUNDERBIRD ENTERTAINMENT, INC Norman | $45.6M | 3.8 mi |
| THUNDERBIRD ENTERTAINMENT CENTER, INC Norman · 156 employees | $57.8M | 4.4 mi |
| VR WAREHOUSE LLC Norman · 1 employees | $551K | 12.3 mi |
| Grand Casino Poker Room Shawnee | $23.4M | 13.3 mi |
| Grand Casino Hotel & Resort Shawnee | $23.4M | 13.3 mi |
| Firelake Grand Casino Shawnee | $23.4M | 13.3 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 | $56.5M |
| Multiple for this size and industry | 5.9× |
| Value range | $12.2M – $105.7M |
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 | $19.0M – $109.6M |
| EBITDA range | $2.6M – $14.9M |
| 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
3 locations
| 15700 OK-9 | Norman | This listing |
| 15700 OK-9 | Norman | View |
| 2051 S Gordon Cooper Dr | 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 Thunderbird Casino
Thunderbird Casino is a gambling industries company in Norman, Oklahoma, in business since 2015. Its estimated annual revenue is about $70.3M, with roughly $9.6M of EBITDA. Its estimated business value is $56.5M (likely range $12.2M–$105.7M). It has 3 locations.
Common questions
- Who owns Thunderbird Casino?
- The owner of Thunderbird 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 Thunderbird Casino make?
- SeeBITDA estimates Thunderbird Casino's annual revenue at about $70.3M (likely between $19.0M and $109.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Thunderbird Casino worth?
- About $56.5M, roughly 5.9× its estimated EBITDA of $9.6M, typical for a gambling industries company its size. Likely range: $12.2M–$105.7M.
- When was Thunderbird Casino founded?
- Thunderbird Casino has been in business since 2015.