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global gaming 15-december2010_(final)

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  • 1. Kansas Lottery Gaming Facility Review BoardSummary Review by: Global Gaming KS, LLCIn Topeka, Kansas, December 15, 2010
  • 2. Opening Remarks Global Gaming KS, LLC 2Topeka, Kansas, 15 December 2010 Kansas Lottery Gaming Facility Review Board Meeting
  • 3. Summary Review1. Exit 19 Site Selection2. Quality Considerations3. Development Plan Considerations4. Other Amenities5. Operational and Financial Capability Considerations6. Final Comments on the Revenue Debate Global Gaming KS, LLC 3 Topeka, Kansas, 15 December 2010 Kansas Lottery Gaming Facility Review Board Meeting
  • 4. 1. Exit 19 Site Selection – One Clean Site from Day 1• We do not believe a material difference in revenue exists between Exits 33 & 19.• Exit 19 Site is clean and has readily available infrastructure.• Exit 19 has overwhelming community support and unanimous zoning approval.• Exit 19 is free of legal claims and zoning issues, and as such does not require alternative sites that may have a significantly lower revenue profile.• Exit 19 is centrally located in Sumner County for long term economic impact. Global Gaming KS, LLC 4 Topeka, Kansas, 15 December 2010 Kansas Lottery Gaming Facility Review Board Meeting
  • 5. 2. Quality Considerations• We have highlighted our permanent 260,000 square feet facility with 80 to 100 hotel rooms: All to open on Day-1.• The facility will open 14 months from start of construction, and will have: • 1,400-seat entertainment and events center, • Six restaurants, and • 73,000 square feet gaming floor with 1,300 slots.• Our plans are 70% complete.• Focused on Core destination quality: 80/ 20 Rule.• We do not feel an interim facility is a destination: no WOW factor. Global Gaming KS, LLC 5 Topeka, Kansas, 15 December 2010 Kansas Lottery Gaming Facility Review Board Meeting
  • 6. 3. Development Plan Considerations• Practical Considerations• Within 36 months: Travel Plaza, Games Expansion, Golf Course Upgrades, Second Hotel, and more• Wyandotte matter: 500+ games criteria Global Gaming KS, LLC Kansas Lottery Gaming Facility Review Board Meeting 6
  • 7. 4. Other Amenities• Our focus is, and always has been, on the quality of the Core destination, and that other amenities will assist incremental gaming revenue: the 80/ 20 Rule.• We can say with certainty that Travel Plaza incremental gaming revenue exceeds that of an equestrian center.• We have actual data showing Auto Sports customers command a 34% premium (in gaming spend) over equestrian customers. Global Gaming KS, LLC 7 Topeka, Kansas, 15 December 2010 Kansas Lottery Gaming Facility Review Board Meeting
  • 8. 5. Operational and Financial Capability Considerations• Financial Capability is not a simple Pass/ Fail test.• Experience at this scale of development matters !• Resources availability matters ! Global Gaming KS, LLC 8 Topeka, Kansas, 15 December 2010 Kansas Lottery Gaming Facility Review Board Meeting
  • 9. 6. Final Comments on the Revenue Debate – The Revenue difference is negligible between Exits 33 & 19. Gravity Model, 27% Equivalent to $3.6m for each mile of travel, or 2010 difference prediction: (was 22% in 2008 ~$200K for the length of a football field. analysis – WHY?) Distance Adjustments: – 10% Based on: • Two statistically valid polls of Wichita residents (registered voters and general public) • Riverwind data/ Experience Destination Appeal & – 8% Based on: • CBRE’s analysis Attractiveness Adjustments: • Riverwind data/ Experience Traffic Intercept & Travel – 5% Based on: • Actual data/ Experience Plaza Adjustments: • Correcting Gravity Model’s methodology consistency • CBRE’s analysis Resulting Revenue Difference: = 4% This is statistically negligible given other real- world factors at play. Global Gaming KS, LLC 9 Topeka, Kansas, 15 December 2010 Kansas Lottery Gaming Facility Review Board Meeting
  • 10. Closing Remarks Global Gaming KS, LLC 10 Topeka, Kansas, 15 December 2010 Kansas Lottery Gaming Facility Review Board Meeting
  • 11. Global Gaming KS, LLCKansas Lottery Gaming Facility Review Board Meeting