The Stables Casino
How we got $43.1M
Based on its 191 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 17 years (since 2009)
From public records and the company's website, not a statement that it's for sale.
What they do
The Stables Casino is a casino in Miami, Oklahoma offering gaming, promotions, dining and entertainment, with a loyalty rewards program and a Modoc Market gift shop.
From the company's website. Industry: Casinos (except Casino Hotels).
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.
Employees over time
▼ 31% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 191 | $50.2M |
| 2021 | Form 5500 | 73 | $19.2M |
| 2022 | Form 5500 | 80 | $21.0M |
| 2023 | Form 5500 | 119 | $31.3M |
| 2024 | Form 5500 | 131 | $34.4M |
| 2025 | Form 5500 | 131 | $34.4M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| THE STABLES CASINO this business | $53.6M | — |
| Prairie Moon Casino Miami | $23.4M | 1.2 mi |
| Miami Tribe Entertainment & Gaming Miami | $23.4M | 1.2 mi |
| Peoria Gaming Commission Miami | $23.4M | 2.3 mi |
| BUFFALO RUN CASINO & RESORT Miami · 227 employees | $86.8M | 2.5 mi |
| Prairie Sun Casino Miami | $23.4M | 3.8 mi |
| SOOLI ENTERTAINMENT Miami · 61 employees | $16.9M | 3.8 mi |
The full calculation
| Employees reported to the SBA | 191 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $59.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $37.2M |
| Estimate: the two combined (geometric mean) | $53.6M |
| 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 – $58.9M |
| Revenue range | $35.2M – $61.1M |
| 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
People & advisors
Advisors
- BankingInternational Bank of CommercePPP / 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
| International Bank of Commerce PPP 2020, PPP 2021 | All 442 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $841K | 191 |
| 2/23/2021 | second | $603K | 126 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About The Stables Casino
The Stables Casino is a casinos (except casino hotels) company in Miami, Oklahoma, in business since 2009. Its estimated annual revenue is about $53.6M, with roughly $7.3M of EBITDA. It has about 131 employees. Its estimated business value is $43.1M (likely range $22.7M–$58.9M).
Common questions
- Who owns The Stables Casino?
- The owner of The Stables 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 Stables Casino make?
- SeeBITDA estimates The Stables Casino's annual revenue at about $53.6M (likely between $35.2M and $61.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is The Stables 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–$58.9M.
- How many employees does The Stables Casino have?
- About 131, from its 2025 retirement-plan filing.
- When was The Stables Casino founded?
- The Stables Casino has been in business since 2009.