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Pinnacle presentation 2

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Kansas Racing & Gaming Commission …

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

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  • 1. Kansas Lottery Gaming Facility Review Board AUGUST 13, 2008 P I N N A C L E E N T E R TA I N M E N T 1
  • 2. P I N N A C L E E N T E R TA I N M E N T 2
  • 3. Kansas Lottery Gaming Facility Review Board AUGUST 13, 2008 P I N N A C L E E N T E R TA I N M E N T 3
  • 4. PINNACLE PROPOSAL HIGHLIGHTS Highest Quality Project + Most Experienced Company + Most Competitive Facility = Greatest Revenue Generator Most Money For Kansas P I N N A C L E E N T E R TA I N M E N T 4
  • 5. PINNACLE PROPOSAL HIGHLIGHTS Greatest Revenue Generator Most Tourists Largest convention center Largest and highest-quality hotel P I N N A C L E E N T E R TA I N M E N T 5
  • 6. PINNACLE PROPOSAL HIGHLIGHTS Greatest Revenue Generator Most Tourists Best Location Superior access and visibility Schlitterbahn P I N N A C L E E N T E R TA I N M E N T 6
  • 7. PINNACLE PROPOSAL HIGHLIGHTS Greatest Revenue Generator Most Tourists Best Location Proven Gaming Operator Eight major casinos in operation Experience in similar markets P I N N A C L E E N T E R TA I N M E N T 7
  • 8. PINNACLE PROPOSAL HIGHLIGHTS Greatest Revenue Generator Most Tourists Best Location Proven Gaming Operator P I N N A C L E E N T E R TA I N M E N T 8
  • 9. WHO IS PINNACLE? NYSE-traded gaming company with operations in Missouri, Nevada, Louisiana, Indiana and Argentina P I N N A C L E E N T E R TA I N M E N T 9
  • 10. WHO IS PINNACLE? NYSE-traded gaming company with operations in Missouri, Nevada, Louisiana, Indiana and Argentina Build and operate high-quality casino destinations customized for each market P I N N A C L E E N T E R TA I N M E N T 10
  • 11. WHO IS PINNACLE? NYSE-traded gaming company with operations in Missouri, Nevada, Louisiana, Indiana and Argentina Build and operate high-quality casino destinations customized for each market Experienced management team with extensive backgrounds in competitive gaming environments P I N N A C L E E N T E R TA I N M E N T 11
  • 12. WHO IS PINNACLE? NYSE-traded gaming company with operations in Missouri, Nevada, Louisiana, Indiana and Argentina Build and operate high-quality casino destinations customized for each market Experienced management team with extensive backgrounds in competitive gaming environments Over 8,600 employees P I N N A C L E E N T E R TA I N M E N T 12
  • 13. WHO IS PINNACLE? NYSE-traded gaming company with operations in Missouri, Nevada, Louisiana, Indiana and Argentina Build and operate high-quality casino destinations customized for each market Experienced management team with extensive backgrounds in competitive gaming environments Over 8,600 employees Annual revenues = $1 Billion P I N N A C L E E N T E R TA I N M E N T 13
  • 14. WHO IS PINNACLE? NYSE-traded gaming company with operations in Missouri, Nevada, Louisiana, Indiana and Argentina Build and operate high-quality casino destinations customized for each market Experienced management team with extensive backgrounds in competitive gaming environments Over 8,600 employees Annual revenues = $1 Billion P I N N A C L E E N T E R TA I N M E N T 14
  • 15. PINNACLE PROPERTIES SOUTH AMERICA P I N N A C L E E N T E R TA I N M E N T 15
  • 16. BELTERRA RESORT & CASINO V E V A Y, I N D I A N A P I N N A C L E E N T E R TA I N M E N T 16
  • 17. BELTERRA RESORT & CASINO V E V A Y, I N D I A N A P I N N A C L E E N T E R TA I N M E N T 17
  • 18. BELTERRA RESORT & CASINO V E V A Y, I N D I A N A P I N N A C L E E N T E R TA I N M E N T 18
  • 19. BELTERRA RESORT & CASINO V E V A Y, I N D I A N A P I N N A C L E E N T E R TA I N M E N T 19
  • 20. BELTERRA RESORT & CASINO V E V A Y, I N D I A N A P I N N A C L E E N T E R TA I N M E N T 20
  • 21. LʼAUBERGE DU LAC LAKE CHARLES, LOUISIANA P I N N A C L E E N T E R TA I N M E N T 21
  • 22. LʼAUBERGE DU LAC LAKE CHARLES, LOUISIANA P I N N A C L E E N T E R TA I N M E N T 22
  • 23. LʼAUBERGE DU LAC LAKE CHARLES, LOUISIANA P I N N A C L E E N T E R TA I N M E N T 23
  • 24. LʼAUBERGE DU LAC LAKE CHARLES, LOUISIANA P I N N A C L E E N T E R TA I N M E N T 24
  • 25. LʼAUBERGE DU LAC LAKE CHARLES, LOUISIANA P I N N A C L E E N T E R TA I N M E N T 25
  • 26. LʼAUBERGE DU LAC LAKE CHARLES, LOUISIANA P I N N A C L E E N T E R TA I N M E N T 26
  • 27. LʼAUBERGE DU LAC LAKE CHARLES, LOUISIANA P I N N A C L E E N T E R TA I N M E N T 27
  • 28. LʼAUBERGE DU LAC LAKE CHARLES, LOUISIANA P I N N A C L E E N T E R TA I N M E N T 28
  • 29. LʼAUBERGE DU LAC LAKE CHARLES, LOUISIANA P I N N A C L E E N T E R TA I N M E N T 29
  • 30. LʼAUBERGE DU LAC – PERFORMANCE Opened May 23, 2005 Last casino in Lake Charles market Last twelve months gaming win = $323.6 million Dominant market share 20.9% of market’s gaming positions 37.2% of market’s gaming win Slot daily win per unit = $405 P I N N A C L E E N T E R TA I N M E N T 30
  • 31. ´ LUMIERE PLACE S T. L O U I S , M I S S O U R I P I N N A C L E E N T E R TA I N M E N T 31
  • 32. ´ LUMIERE PLACE S T. L O U I S , M I S S O U R I P I N N A C L E E N T E R TA I N M E N T 32
  • 33. ´ LUMIERE PLACE S T. L O U I S , M I S S O U R I P I N N A C L E E N T E R TA I N M E N T 33
  • 34. ´ LUMIERE PLACE S T. L O U I S , M I S S O U R I P I N N A C L E E N T E R TA I N M E N T 34
  • 35. ´ LUMIERE PLACE S T. L O U I S , M I S S O U R I P I N N A C L E E N T E R TA I N M E N T 35
  • 36. ´ LUMIERE PLACE S T. L O U I S , M I S S O U R I P I N N A C L E E N T E R TA I N M E N T 36
  • 37. ´ LUMIERE PLACE S T. L O U I S , M I S S O U R I P I N N A C L E E N T E R TA I N M E N T 37
  • 38. ´ LUMIERE PLACE S T. L O U I S , M I S S O U R I P I N N A C L E E N T E R TA I N M E N T 38
  • 39. ´ LUMIERE PLACE – PERFORMANCE Opened December 19, 2007 P I N N A C L E E N T E R TA I N M E N T 39
  • 40. ´ LUMIERE PLACE – PERFORMANCE Opened December 19, 2007 Projected Year 1 gaming win = $134.9M P I N N A C L E E N T E R TA I N M E N T 40
  • 41. ´ LUMIERE PLACE – PERFORMANCE Opened December 19, 2007 Projected Year 1 gaming win = $134.9M Actual Year 1 gaming win = $161.7M (annualized) P I N N A C L E E N T E R TA I N M E N T 41
  • 42. ´ LUMIERE PLACE – PERFORMANCE Opened December 19, 2007 Projected Year 1 gaming win = $134.9M Actual Year 1 gaming win = $161.7M (annualized) Outperforming table game business 18.5% of table games in market 30.0% of table game revenue Table games = high end play, tourism P I N N A C L E E N T E R TA I N M E N T 42
  • 43. ´ LUMIERE PLACE – PERFORMANCE Opened December 19, 2007 Projected Year 1 gaming win = $134.9M Actual Year 1 gaming win = $161.7M (annualized) Outperforming table game business P I N N A C L E E N T E R TA I N M E N T 43
  • 44. INTERNAL REGULATORY PROCESS Character, honesty, and integrity P I N N A C L E E N T E R TA I N M E N T 44
  • 45. INTERNAL REGULATORY PROCESS Character, honesty, and integrity Proven track record in other regulatory jurisdictions Missouri, Nevada, Louisiana, Indiana and Argentina P I N N A C L E E N T E R TA I N M E N T 45
  • 46. INTERNAL REGULATORY PROCESS Character, honesty, and integrity Proven track record in other regulatory jurisdictions Comprehensive and effective compliance program P I N N A C L E E N T E R TA I N M E N T 46
  • 47. INTERNAL REGULATORY PROCESS Character, honesty, and integrity Proven track record in other regulatory jurisdictions Comprehensive and effective compliance program Problem-Gaming Program Member of AGA Self-Exclusion Training, Training, Training P I N N A C L E E N T E R TA I N M E N T 47
  • 48. INTERNAL REGULATORY PROCESS Character, honesty, and integrity Proven track record in other regulatory jurisdictions Comprehensive and effective compliance program Problem-Gaming Program P I N N A C L E E N T E R TA I N M E N T 48
  • 49. FINANCIAL STRENGTH As of June 30, Pinnacle had $130 million in cash and $500 million of unused credit line P I N N A C L E E N T E R TA I N M E N T 49
  • 50. FINANCIAL STRENGTH As of June 30, Pinnacle had $130 million in cash and $500 million of unused credit line Strong relationship with Wall Street P I N N A C L E E N T E R TA I N M E N T 50
  • 51. FINANCIAL STRENGTH ANNUAL REVENUES As of June 30, Pinnacle had $130 million in cash and $500 million of unused credit line Strong relationship with Wall Street Boomtown New Orleans L'Auberge Belterra Boomtown Bossier City Boomtown Reno Lumiere Place Int'l & Other P I N N A C L E E N T E R TA I N M E N T 51
  • 52. RECENT CAPITAL-RAISING HISTORY May 2003 $240 million credit facility Sept 2003 $135 million senior subordinated notes Dec 2003 $300 million credit facility Feb 2004 $128 million equity offering Mar 2004 $200 million senior subordinated notes Aug 2004 $400 million amended credit facility Dec 2004 $100 million senior subordinated notes Dec 2004 $84 million equity offering Dec 2005 $750 million credit facility Jan 2006 $189 million equity offering Nov 2006 $1 billion amended credit facility Jan 2007 $368 million equity offering June 2007 $385 million senior subordinated notes TOTAL $4.3 BILLION P I N N A C L E E N T E R TA I N M E N T 52
  • 53. SITE MAP P I N N A C L E E N T E R TA I N M E N T 53
  • 54. SITE SELECTION Proximity to Schlitterbahn’s planned 1,600 hotel rooms creates unmatched destination P I N N A C L E E N T E R TA I N M E N T 54
  • 55. SITE SELECTION Proximity to Schlitterbahn’s planned 1,600 hotel rooms creates unmatched destination 66 acres allows for future expansion P I N N A C L E E N T E R TA I N M E N T 55
  • 56. SITE SELECTION Proximity to Schlitterbahn’s planned 1,600 hotel rooms creates unmatched destination 66 acres allows for future expansion East side of I-435 provides proximity to infrastructure without west-side traffic concerns P I N N A C L E E N T E R TA I N M E N T 56
  • 57. SITE SELECTION Proximity to Schlitterbahn’s planned 1,600 hotel rooms creates unmatched destination 66 acres allows for future expansion East side of I-435 provides proximity to infrastructure without west side traffic concerns P I N N A C L E E N T E R TA I N M E N T 57
  • 58. SELECTED JERDE PARTNERSHIP PROJECTS akata Morongo Casino Reso The Gate Canal City H rt & Spa way pan Salt Lak Fukuoka, Ja Cabazon, California e City, U tah Wynn Palms Casino Resort Bellagio ada Las Vegas, N Treasure Island Las Vegas, Nev Las Vegas, Nevada evada Las Vegas, Nevada P I N N A C L E E N T E R TA I N M E N T 58
  • 59. P I N N A C L E E N T E R TA I N M E N T 59
  • 60. P I N N A C L E E N T E R TA I N M E N T 60
  • 61. P I N N A C L E E N T E R TA I N M E N T 61
  • 62. P I N N A C L E E N T E R TA I N M E N T 62
  • 63. CASINO 100,000 square feet of gaming 2,300 slots; 60 table games; 25 poker tables Designed for future expansion A casino is not a commodity; it requires operational expertise and knowledge to perform successfully P I N N A C L E E N T E R TA I N M E N T 63
  • 64. CONVENTION CENTER Largest convention center of any applicant 100,000 contiguous square feet Designed to expand to 200,000 square feet Key for mid-week and off-season hotel occupancy to create year-round destination P I N N A C L E E N T E R TA I N M E N T 64
  • 65. HOTEL Largest hotel of any applicant 500 total rooms Experience developing luxury-branded hotels Schlitterbahn plans include 1,600 hotel rooms P I N N A C L E E N T E R TA I N M E N T 65
  • 66. RESTAURANTS & LOUNGES Variety of outlets from casual to gourmet History of using nationally and locally renowned chefs Hubert Keller Jeff Ruby P I N N A C L E E N T E R TA I N M E N T 66
  • 67. ENTERTAINMENT 50,000-square foot indoor concert venue 4,000 seats Existing network of entertainment booking for other Pinnacle properties Outdoor stage for live events P I N N A C L E E N T E R TA I N M E N T 67
  • 68. RECENT PINNACLE PERFORMERS Bill Cosby Dwight Yoakum Michael Bolton Willie Nelson Chicago Wynonna Judd B.B. King Jerry Lee Lewis Wayne Newton Lyle Lovett Jay Leno Blood, Sweat & Tears Diamond Rio The Four Tops The Neville Brothers Julio Iglesias P I N N A C L E E N T E R TA I N M E N T 68
  • 69. RETAIL 15,000 square feet of retail Village West area is already a shopping destination with three million existing square feet of retail Schlitterbahn is building 750,000 sq.ft. of retail Goal of boutique retail is to complement existing retail, not compete with it P I N N A C L E E N T E R TA I N M E N T 69
  • 70. SCHLITTERBAHN #1 Water Park in the U.S. Voted 1988 World’s Best ~ The Travel Channel (2006) Water Park, an honor the #1 Indoor Water Park park has received in the U.S. annually ever since ~ readers of Amusement Today (1998) ~ Golden Ticket Award (2007) #1 Place to “Cool Off Voted Nation’s #1 in America” Water Park ~ readers of Inside Track (1996) ~ The Travel Channel P I N N A C L E E N T E R TA I N M E N T 70
  • 71. INTEGRATED SITE PLAN Will create a strong super – regional destination with over 2,000 hotel rooms P I N N A C L E E N T E R TA I N M E N T 71
  • 72. RESORT DESTINATIONS Disney World – Orlando, FL Pleasure Island Must be 21 to enter P I N N A C L E E N T E R TA I N M E N T 72
  • 73. RESORT DESTINATIONS Disney World – Orlando, FL Pleasure Island Must be 21 to enter P I N N A C L E E N T E R TA I N M E N T 73
  • 74. RESORT DESTINATIONS Disney World – Orlando, FL Atlantis Paradise Island – Bahamas Multiple resort hotels Water park integrated with casino P I N N A C L E E N T E R TA I N M E N T 74
  • 75. RESORT DESTINATIONS Disney World – Orlando, FL Atlantis Paradise Island – Bahamas Multiple resort hotels Water park integrated with casino P I N N A C L E E N T E R TA I N M E N T 75
  • 76. RESORT DESTINATIONS Disney World – Orlando, FL Atlantis Paradise Island – Bahamas P I N N A C L E E N T E R TA I N M E N T 76
  • 77. SENATE BILL 66 “The board shall determine which contract best maximizes revenue, encourages tourism and otherwise serves the interests of the people of Kansas.” P I N N A C L E E N T E R TA I N M E N T 77
  • 78. SENATE BILL 66 “The board shall determine which contract best maximizes revenue, encourages tourism and otherwise serves the interests of the people of Kansas.” P I N N A C L E E N T E R TA I N M E N T 78
  • 79. “BEST MAXIMIZES SENATE BILL 66 REVENUE” “The board shall determine which contract best maximizes revenue, encourages tourism and otherwise serves the interests of the people of Kansas.” P I N N A C L E E N T E R TA I N M E N T 79
  • 80. “BEST MAXIMIZES REVENUE” Gaming revenue = $401.5M Non-Gaming revenue = $86.8M P I N N A C L E E N T E R TA I N M E N T 80
  • 81. “BEST MAXIMIZES REVENUE” Gaming revenue = $401.5M Non-Gaming revenue = $86.8M Development and operating expertise P I N N A C L E E N T E R TA I N M E N T 81
  • 82. “BEST MAXIMIZES REVENUE” Gaming revenue = $401.5M Non-Gaming revenue = $86.8M Development and operating expertise Not impacted by traffic on the west side of I-435 P I N N A C L E E N T E R TA I N M E N T 82
  • 83. “BEST MAXIMIZES REVENUE” Gaming revenue = $401.5M Non-Gaming revenue = $86.8M Development and operating expertise Not impacted by traffic on the west side of I-435 MyChoice program National database of 4.7 million PNK casino customers Pinnacle will cross-market Kansas casino with its national network of existing properties P I N N A C L E E N T E R TA I N M E N T 83
  • 84. “BEST MAXIMIZES REVENUE” Gaming revenue = $401.5M Non-Gaming revenue = $86.8M Development and operating expertise Not impacted by traffic on the west side of I-435 MyChoice program P I N N A C L E E N T E R TA I N M E N T 84
  • 85. SENATE BILL 66 “The board shall determine which contract best maximizes revenue, encourages tourism and otherwise serves the interests of the people of Kansas.” P I N N A C L E E N T E R TA I N M E N T 85
  • 86. “ENCOURAGES SENATE BILL 66 TOURISM” “The board shall determine which contract best maximizes revenue, encourages tourism and otherwise serves the interests of the people of Kansas.” P I N N A C L E E N T E R TA I N M E N T 86
  • 87. “ENCOURAGES TOURISM” Number of tourist visits = 441,000/year Total tourist spend = $86.3M+ P I N N A C L E E N T E R TA I N M E N T 87
  • 88. “ENCOURAGES TOURISM” Number of tourist visits = 441,000/year Total tourist spend = $86.3M+ Largest hotel of any applicant P I N N A C L E E N T E R TA I N M E N T 88
  • 89. “ENCOURAGES TOURISM” Number of tourist visits = 441,000/year Total tourist spend = $86.3M+ Largest hotel of any applicant Largest convention center of any applicant P I N N A C L E E N T E R TA I N M E N T 89
  • 90. “ENCOURAGES TOURISM” Number of tourist visits = 441,000/year Total tourist spend = $86.3M+ Largest hotel of any applicant Largest convention center of any applicant With adjacent Schlitterbahn project, will create a national destination with over 2,000 hotel rooms P I N N A C L E E N T E R TA I N M E N T 90
  • 91. “ENCOURAGES TOURISM” Number of tourist visits = 441,000/year Total tourist spend = $86.3M+ Largest hotel of any applicant Largest convention center of any applicant With adjacent Schlitterbahn project, will create a national destination with over 2,000 hotel rooms P I N N A C L E E N T E R TA I N M E N T 91
  • 92. SENATE BILL 66 “The board shall determine which contract best maximizes revenue, encourages tourism and otherwise serves the interests of the people of Kansas.” P I N N A C L E E N T E R TA I N M E N T 92
  • 93. “SERVES THE INTERESTS OF...KANSAS” SENATE BILL 66 “The board shall determine which contract best maximizes revenue, encourages tourism and otherwise serves the interests of the people of Kansas.” P I N N A C L E E N T E R TA I N M E N T 93
  • 94. “SERVES THE INTERESTS OF...KANSAS” Create 2,000 construction jobs P I N N A C L E E N T E R TA I N M E N T 94
  • 95. “SERVES THE INTERESTS OF...KANSAS” Create 2,000 construction jobs Employ 1,500 people P I N N A C L E E N T E R TA I N M E N T 95
  • 96. “SERVES THE INTERESTS OF...KANSAS” Create 2,000 construction jobs Employ 1,500 people Attract millions of incremental new visitors P I N N A C L E E N T E R TA I N M E N T 96
  • 97. “SERVES THE INTERESTS OF...KANSAS” Create 2,000 construction jobs Employ 1,500 people Attract millions of incremental new visitors Purchase over $50 million in annual goods and services from local suppliers P I N N A C L E E N T E R TA I N M E N T 97
  • 98. “SERVES THE INTERESTS OF...KANSAS” Create 2,000 construction jobs Employ 1,500 people Attract millions of incremental new visitors Purchase over $50 million in annual goods and services from local suppliers Generate over $17 million/year in new property taxes P I N N A C L E E N T E R TA I N M E N T 98
  • 99. “SERVES THE INTERESTS OF...KANSAS” Create 2,000 construction jobs Employ 1,500 people Attract millions of incremental new visitors Purchase over $50 million in annual goods and services from local suppliers Generate over $17 million/year in new property taxes Over $7 million/year for the KCK (USD #500) school district P I N N A C L E E N T E R TA I N M E N T 99
  • 100. “SERVES THE INTERESTS OF...KANSAS” Create 2,000 construction jobs Employ 1,500 people Attract millions of incremental new visitors Purchase over $50 million in annual goods and services from local suppliers Generate over $17 million/year in new property taxes Over $7 million/year for the KCK (USD #500) school district P I N N A C L E E N T E R TA I N M E N T 100
  • 101. ONLY SITE LOCATED IN KCK SCHOOL DISTRICT Students At Risk Students Graduation Rate Kansas City, KS 18,203 82% 78% (USD #500) Bonner Springs / Edwardsville (USD #204) 2,337 35% 88% Piper (USD #203) 1,530 8% 97% Source: Kansas State Department of Education P I N N A C L E E N T E R TA I N M E N T 101
  • 102. GVA MARQUETTE – REVENUE SOURCE P I N N A C L E E N T E R TA I N M E N T 102
  • 103. GVA MARQUETTE REVENUE PROJECTIONS (2012) Local Win $262 M Tourist Win: Tertiary Market $8 M KC Visitors $14 M Hotel Visitors $74 M Highway $8 M Total Tourist Win $104 M Total Projected Win $366 M P I N N A C L E E N T E R TA I N M E N T 103
  • 104. APPLICANT COMPARISON Major Commercial Tribal Racinos Countries/ Hotel Slot Table Casinos Casinos States Rooms Machines Games Pinnacle 8 N/A N/A 6 2,634 10,695 360 Golden 4 0 0 2 70 1,668 40 Cordish 0 0 1 1 0 2,000 0 Mohegans 0 1 1 2 1,176 8,400 318 P I N N A C L E E N T E R TA I N M E N T 104
  • 105. GVA MARQUETTE SITE COMPARISON 4 = HIGHEST POSSIBLE SCORE 1 = LOWEST Pinnacle Golden Cordish Mohegans Characteristic Weight Rank Score Rank Score Rank Score Rank Score Proximity to Village West and other Amenities 4 4 16 2 8 3 12 4 16 Visibility from I-70 3 2 6 4 12 3 9 2 6 Visibility from I-435 2 4 8 3 6 3 6 1 2 Access 1 4 4 4 4 3 3 1 1 Total Score 34 30 30 25 P I N N A C L E E N T E R TA I N M E N T 105
  • 106. CASINO EXPERTISE Proven casino operating expertise Operate 13,000 gaming positions across 12 properties P I N N A C L E E N T E R TA I N M E N T 106
  • 107. CASINO EXPERTISE Proven casino operating expertise Proven casino development expertise Over $1 billion of new casino/hotel development within the past 3 years P I N N A C L E E N T E R TA I N M E N T 107
  • 108. CASINO EXPERTISE Proven casino operating expertise Proven casino development expertise Kansas needs an operator that can generate the most gaming revenues Well-established competition in Missouri P I N N A C L E E N T E R TA I N M E N T 108
  • 109. CASINO EXPERTISE Proven casino operating expertise Proven casino development expertise Kansas needs an operator that can generate the most gaming revenues Able to generate higher gaming revenues than our competitors Least traffic congestion Rewards program linked to national network of properties P I N N A C L E E N T E R TA I N M E N T 109
  • 110. CASINO EXPERTISE Proven casino operating expertise Proven casino development expertise Kansas needs an operator that can generate the most gaming revenues Able to generate higher gaming revenues than our competitors Best complement to existing tourism destination P I N N A C L E E N T E R TA I N M E N T 110
  • 111. CASINO EXPERTISE Proven casino operating expertise Proven casino development expertise Kansas needs an operator that can generate the most gaming revenues Able to generate higher gaming revenues than our competitors Best complement to existing tourism destination P I N N A C L E E N T E R TA I N M E N T 111
  • 112. PROJECT COMPARISON Municipality School Hotel Convention Traffic Impact District Rooms Center Pinnacle Kansas City, KS KCK 500 100,000 Negligible (USD #500) Golden Edwardsville, KS Bonner 300 35,000 Negligible (USD #204) Cordish Kansas City, KS Bonner 300 58,000 Significant (USD #204) Mohegans Kansas City, KS Piper 350 35,000 Significant (USD #203) P I N N A C L E E N T E R TA I N M E N T 112
  • 113. PINNACLE COMMITMENTS Work with local communities to have lasting positive effect on neighborhood P I N N A C L E E N T E R TA I N M E N T 113
  • 114. PINNACLE COMMITMENTS Work with local communities to have lasting positive effect on neighborhood Strive to be excellent corporate citizen with dedication to local charities and community service Community enhancement projects Annual commitment of at least $1 million to local charities P I N N A C L E E N T E R TA I N M E N T 114
  • 115. PINNACLE COMMITMENTS Work with local communities to have lasting positive effect on neighborhood Strive to be excellent corporate citizen with dedication to local charities and community service Aggressive diversity goals in hiring and working with minorities and women P I N N A C L E E N T E R TA I N M E N T 115
  • 116. PINNACLE COMMITMENTS Work with local communities to have lasting positive effect on neighborhood Strive to be excellent corporate citizen with dedication to local charities and community service Aggressive diversity goals in hiring and working with minorities and women Convert Western Wyandotte County from a regional destination into a national destination Convention Center Luxury Hotel World-Class Casino P I N N A C L E E N T E R TA I N M E N T 116
  • 117. PINNACLE COMMITMENTS Work with local communities to have lasting positive effect on neighborhood Strive to be excellent corporate citizen with dedication to local charities and community service Aggressive diversity goals in hiring and working with minorities and women Convert Western Wyandotte County from a regional destination into a national destination Convention Center Luxury Hotel World-Class Casino P I N N A C L E E N T E R TA I N M E N T 117
  • 118. PINNACLE COMMITMENTS Work with local communities to have lasting positive effect on neighborhood Strive to be excellent corporate citizen with dedication to local charities and community service Aggressive diversity goals in hiring and working with minorities and women Convert Western Wyandotte County from a regional destination into a national destination P I N N A C L E E N T E R TA I N M E N T 118
  • 119. CONCLUSION Highest Revenues Best site Experience, experience, experience P I N N A C L E E N T E R TA I N M E N T 119
  • 120. CONCLUSION Highest Revenues Best site Experience, experience, experience Most Tourists Largest hotel Largest convention center Schlitterbahn P I N N A C L E E N T E R TA I N M E N T 120
  • 121. CONCLUSION Highest Revenues Best site Experience, experience, experience Most Tourists Largest hotel Largest convention center Schlitterbahn Best Interests of Kansas Proven track record Keep our promises P I N N A C L E E N T E R TA I N M E N T 121
  • 122. Kansas Lottery Gaming Facility Review Board AUGUST 13, 2008 P I N N A C L E E N T E R TA I N M E N T 122

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