FP&A Today

Forecasting and Leading (FP&A) in Las Vegas

May 7, 2024

Bill Singh, VP of FP&A at Genting Americas, talks about FP&A in the gaming industry including metrics like 'win per unit per day' and 'hold'. He shares insights on budgeting, salesmanship, lodging metrics, and AI impact. Bill also gives insider advice on gaming and emphasizes the importance of continuous learning and analysis in budgeting.

57:25

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Episode guests

Bill Singh

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Episode notes

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Quick takeaways

FP&A in gaming industry requires unique metrics like 'win per unit per day' and 'hold'.

Effective storytelling and clear communication are crucial skills in FP&A career progression.

Utilizing advanced analytics and automation is vital for FP&A professionals to stay competitive and adapt to evolving industry trends.

Deep dives

Bill Singh's Journey into Financial Planning and Analysis

Bill Singh, a seasoned corporate executive in the FP&A function of the gaming and hospitality industry, shares his experience of transitioning from an initial interest in banking to finding his niche in FP&A through a role at a casino in Nevada. Despite aiming for Wall Street, Bill embraced his role in FP&A after recognizing his knack for analyzing data and driving business decisions.

Introduction

2min

Navigating FP&A in the Gaming Industry

15min

Maximizing Revenue in the Gaming Industry

16min

Enhancing Budgeting Efficiency Through Continuous Learning and Analysis

5min

Data Integrity and AI in Financial Planning

16min

Exploring the Efficiency of Index Match Function in Excel Modeling

2min

Optimizing Computing Resources and Data Analysis in FP&A

2min

We host our first ever FP&A guest from the US casino and gambling sector with the head of FP&A at Genting Americas, a world leader in casinos and lodging with luxurious loactions in Las Vegas, Bimini, Malaysia, Singapore, the Philippines, and the United Kingdom.

Bill Singh is VP FP&A of Genting Americas, part of the world’s largest Destination Resort operator operating as Resorts World . Genting boasting five public companies capitalized at $45 billion and employing more than 50,000 people worldwide. This episode reveals their inside FP&A game including metrics such as “win per unit per day” tacking the “hold”. Bill is strategic leader with more than a decade leading FP&A and providing insights on skills and budgeting management, to insider advice about gaming.

In this episode:

Getting an unexpected offer of an FP&A role at a casino in Nevada
Why FP&A at the “nexus of data and decision-making” is an “ultimate” career path
Critical skills you must develop in FP&A
Giving “X+1” in your FP&A answers
Salesmanship in FP&A
FP&A metrics: “Win per unit per day and hold”
Lodging: occupancy, your ADR, your revenue per available room
Odds and statistics from tables, games and FP&A modeling
Insider advice about gaming (including “Don’t play a game right by the door”)
The power of leading budget for the operating side and the capital budget for all divisions +lessons from 10 years of budgeting
The impact of AI in getting answers faster for operators
MATCH+TEMPO – My favorite Excel function and lessons from drumming