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L.
Ralph Piercy is, among other things, the Firm's managing
shareholder, its gaming industry practice leader and a nationally
and internationally recognized gaming consultant. |
Mr. Piercy is a member of the International Society of Hospitality
Consultants in which membership is available by invitation
only to the field's most highly respected practitioners. Although
his practice emphasis has been the gaming (serving both operators
and regulators) and hospitality industries, where he is PBTK’s
practice leader, Mr. Piercy provides quality audit, valuation,
operational and other consulting services for publicly-held
and privately-owned businesses in many different industries,
for general business and tax counseling to individuals and
a wide variety of family-owned businesses and as expert witness
or consultant to legal counsel in a broad range of matters
of litigation or other disputes.
He is often called upon to evaluate the
feasibility of gaming and other hospitality ventures, design
and install information systems, and act as a development
advisor. For example, his diverse services have included the
following:
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- Audits of
casino hotel companies
- Special internal
control and operational reviews for casinos in northern
and southern Nevada and in many other regulatory jurisdictions
(such as New Jersey, Illinois, Iowa, Mississippi, North
and South Dakota, Aruba, the Bahamas, elsewhere in the Caribbean
and Native American nations)
- Operations-based
management consulting for casino hotels
- Assessment
of valuation and/or market feasibility for lodging and gaming
developments and a wide variety of other businesses; and
- Evaluation
of financial feasibility of projects based on various financial
constraints.
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One study performed under
Mr. Piercy’s direction quantified certain incremental
costs of doing business in Atlantic City as compared to doing
business in Nevada, and was cited as having influenced the
casino regulators to modify certain regulations that restricted
management’s ability to maximize profits.
Mr. Piercy is the former Area Managing Partner
of PBTK’s predecessor national firm’s southwestern
region and previously was partner-in-charge of its Leisure
Time and Real Estate Advisory Services practice departments.
Mr. Piercy, who is licensed as a certified
public accountant in several states, is a member of the Nevada,
Mississippi and Iowa Societies of Certified Public Accountants.
He is also a former member of the Board of Directors of the
University of Nevada, Las Vegas Alumni Association, where
he proudly served on the Dean’s advisory Council to
the Department of Accounting and the College of Arts and Letters,
and is a former liaison between the University of Nevada and
the Nevada Society of Certified Public Accountants.
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