2nd International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2018 – Graz, Austria, November 8, 2018, CONFERENCE PROCEEDINGS published by the Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-13-4
Gambling industry has its features, especially from accounting perspectives. The different regulations by countries may influence the accounting practices and so the form and content of the presented financial statements, shadowing the clearness of information used by decision-makers. Our study aims to provide an update report about the characteristics of the European industry using the financial statements of gambling companies and examine whether the variations in the recognition and measurement of revenue and gambling tax might have a significant impact on comparability and understandability of financial statements. As for European IFRS statements, empirical results show differences in the accounting of gaming revenue and gambling tax, depending on the country where the company was registered. If specific accounting guidance for the gambling sector existed, it would enhance the transparency of financial statements.
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