The Black Hawk Casino
How we got $43.1M
Based on its 149 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
The Black Hawk Casino is a casino gaming destination in Shawnee, Oklahoma, offering slot machines and dining.
From the company's website. Industry: Casinos (except Casino Hotels).
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| THE BLACK HAWK CASINO this business | $53.7M | — |
| MegaWin Casino USA Shawnee | $23.7M | 0.2 mi |
| Thunderbird Casino Shawnee Shawnee | $23.7M | 4.4 mi |
| Firelake Grand Casino Shawnee | $23.7M | 6.1 mi |
| FireLake Casino Shawnee | $47.4M | 6.1 mi |
| Firelake Grand Casino Shawnee | $23.7M | 6.2 mi |
| Grand Casino Poker Room Shawnee | $23.7M | 8.4 mi |
The full calculation
| Employees reported to the SBA | 149 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $46.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $47.8M |
| Estimate: the two combined (geometric mean) | $53.7M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $7.3M |
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 | $43.1M |
| Multiple for this size and industry | 5.9× |
| Value range | $22.7M – $59.0M |
| Revenue range | $35.3M – $61.2M |
| EBITDA range | $4.8M – $8.3M |
| 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
- BankingBancFirstPPP / 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 Roles are as stated there and may be out of date.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
| BancFirst PPP 2020, PPP 2021 | All 7,048 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 | $1.1M | 144 |
| 3/31/2021 | second | $1.1M | 149 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About The Black Hawk Casino
The Black Hawk Casino is a casinos (except casino hotels) company in Shawnee, Oklahoma, in business since 2012. Its estimated annual revenue is about $53.7M, with roughly $7.3M of EBITDA. It has about 149 employees. Its estimated business value is $43.1M (likely range $22.7M–$59.0M).
Common questions
- Who owns The Black Hawk Casino?
- The owner of The Black Hawk 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 The Black Hawk Casino make?
- SeeBITDA estimates The Black Hawk Casino's annual revenue at about $53.7M (likely between $35.3M and $61.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is The Black Hawk Casino worth?
- About $43.1M, roughly 5.9× its estimated EBITDA of $7.3M, typical for a casinos (except casino hotels) company its size. Likely range: $22.7M–$59.0M.
- How many employees does The Black Hawk Casino have?
- About 149, as reported on its PPP loan.
- When was The Black Hawk Casino founded?
- The Black Hawk Casino has been in business since 2012.