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Kansas Lottery 
Gaming Facility Review Board
       September 2‐3, 2008
KANSAS SPEEDWAY
                  We deliver:
  • Best financial performance
  • Best driver of tourism and taxes
  • Best...
Cummings Associates:  
KANSAS SPEEDWAY
                  “Key Question: Who Will Build 
                  You the BEST Mou...
Proven Market Outperformance
    KANSAS SPEEDWAY
                       Gaming Win (per unit) in Florida Casinos: 
       ...
KANSAS SPEEDWAY
                                Proven National Brand…
                                          Even amon...
KANSAS SPEEDWAY
                          Enhanced by NASCAR and ISC…
                   NASCAR Fans and Casino Visitation...
KANSAS SPEEDWAY
                  The Most Compelling Facility…
                       Wells Gaming Research
             ...
Biggest Generator of Tourism…
                       Wells Gaming Research
KANSAS SPEEDWAY




                  “Mid” Cas...
Highest Revenues…
KANSAS SPEEDWAY

                  Average of Wells & Cummings Projections
                          Ann...
Best Return for the Public Sector
KANSAS SPEEDWAY
                    Meridian Business Advisors Analysis




Does not inc...
Commitment to Temporary Facility
KANSAS SPEEDWAY




  Temporary casino adds $93 million in incremental 
  tax revenue in ...
KANSAS SPEEDWAY
                  Additional Commitments




‐ Second race has $111 million annual economic impact 
  ($17...
KANSAS SPEEDWAY
                  Community Commitments




           ‐ Employee Shuttle System
           ‐ Local Hiring...
KANSAS SPEEDWAY
                  Gaming Management Update

 • Addition of Project General Manager, 
   Richard Kline




...
KANSAS SPEEDWAY
                  Financial Capabilities
 • Owners’ financial commitment is fully 
   funded by existing u...
See you at the Hard Rock!
KANSAS SPEEDWAY




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Kansas entertainment 2nd presentation final for print 9.3.08

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Kansas Racing & Gaming Commission
Casino Proposal
http://krgc.ks.gov/

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Transcript of "Kansas entertainment 2nd presentation final for print 9.3.08"

  1. 1. Kansas Lottery  Gaming Facility Review Board September 2‐3, 2008
  2. 2. KANSAS SPEEDWAY We deliver: • Best financial performance • Best driver of tourism and taxes • Best management • Best financial capabilities • Best partner to State of Kansas &  Wyandotte County 2
  3. 3. Cummings Associates:   KANSAS SPEEDWAY “Key Question: Who Will Build  You the BEST Mousetrap?” 3
  4. 4. Proven Market Outperformance KANSAS SPEEDWAY Gaming Win (per unit) in Florida Casinos:  Cordish Hard Rock Casinos vs. Competition 1 2 2 2 4 1 Source: Seminole Tribe of Florida    2 Source: State of Florida, Dept. of Business & Professional Regulation, Division of Pari‐Mutuel Wagering, August 20, 2008    NOTE: All data is for year‐to‐date 2008
  5. 5. KANSAS SPEEDWAY Proven National Brand… Even among 45 to 65 year‐ olds, those who are likely to  visit a Hard Rock Casino  significantly exceeds all  other competitors. Source: Zogby International Research The Appeal of Hard Rock is Broad 5
  6. 6. KANSAS SPEEDWAY Enhanced by NASCAR and ISC… NASCAR Fans and Casino Visitation Significant cross‐ over between  NASCAR and  Hard Rock brand Source: Zogby International Research 6
  7. 7. KANSAS SPEEDWAY The Most Compelling Facility… Wells Gaming Research Attraction Factor Comparison 7
  8. 8. Biggest Generator of Tourism… Wells Gaming Research KANSAS SPEEDWAY “Mid” Case Projected Annual Visitation 8
  9. 9. Highest Revenues… KANSAS SPEEDWAY Average of Wells & Cummings Projections Annual Casino Revenues 9
  10. 10. Best Return for the Public Sector KANSAS SPEEDWAY Meridian Business Advisors Analysis Does not include impact of temporary facility Source: Meridian Business Advisors 10
  11. 11. Commitment to Temporary Facility KANSAS SPEEDWAY Temporary casino adds $93 million in incremental  tax revenue in first two years vs. permanent only 11
  12. 12. KANSAS SPEEDWAY Additional Commitments ‐ Second race has $111 million annual economic impact  ($17 million a year in taxes alone) ‐ 2 trackside billboards worth $1.8 million per year (before  second race) ‐ Road course brings additional value 12
  13. 13. KANSAS SPEEDWAY Community Commitments ‐ Employee Shuttle System ‐ Local Hiring and WBE/MBE Commitments ‐ 1% Additional to Unified Government of KCK &  Wyandotte County ‐ Plus Additional $1.1mm per year to schools and other  local causes 13
  14. 14. KANSAS SPEEDWAY Gaming Management Update • Addition of Project General Manager,  Richard Kline 14
  15. 15. KANSAS SPEEDWAY Financial Capabilities • Owners’ financial commitment is fully  funded by existing unrestricted cash  • We have substantial ongoing cash flow • Debt commitment from commercial  bank 15
  16. 16. See you at the Hard Rock! KANSAS SPEEDWAY 16
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