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1/12/2009 Linfield professor pens updated casino accounting text

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McMINNVILLE – A Linfield College business professor has updated an essential book for the gambling industry. Malcolm Greenlees, the Glenn and Helen Jackson professor of business, has revised “Casino Accounting and Financial Management,” published by the University of Nevada Press.

The original book, first published in 1988, has been recognized as one of the most comprehensive books on casino accounting and an essential guide to the financial operations of the casino gaming industry. The second edition updates and expands the original text and addresses the growth and changes in the casino industry. The substantially enlarged book incorporates new casino games and technology as well as addressing casino regulation and relevant laws. “Casino Accounting and Financial Management” provides comprehensive information about the role of state governments across the country in the regulation of gaming. The book also addresses the dominance of slot machines as the major source of revenue in most casinos. Greenlees said significant business, technological and governmental changes affecting the casino industry needed to be included in the new edition. “This is a book about the inside workings of casino accounting, finances and casino operations,” Greenlees said. “Casinos are probably the most complex of all gaming businesses.”

Greenlees published his first book the same year that the National Indian Gaming Regulatory Act was passed, which has resulted in the establishment of tribal casinos throughout the country. This act, together with additional state legislation, has turned what was a local industry into a national industry.

Greenlees is recognized as a national expert in casino accounting and has also taught training classes about casino accounting for organizations across the country including Native American tribes, the Nevada CPA Society and CPA firms in Oklahoma, Indiana and California. He said the training experience results in a two-way flow of information, as he learns information that he brings back to his Linfield classes. Greenlees received his bachelor’s from the University of Alberta and has an MBA and Ph.D. in accounting from the University of Washington. Greenlees came to Linfield in 1984 after teaching at the University of Nevada-Reno and Amos Tuck School of Business at Dartmouth College.

He is the author of several books and articles regarding casino accounting and financial management. Greenlees, a certified public accountant, was named the American Institute of Certified Public Accountants’ Outstanding Educator for Oregon in 1992, and was named the Linfield Greek Life Educator of the Year in 1998.