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Peninsula dec 15 final

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Peninsula dec 15 final

  1. 1. Kansas Star – Why we are unique  Investment  Gaming Revenue  Benefit to the State and Sumner County  Jobs  Tourism  Management  Summary
  2. 2. Investment per the contract Applicant obligations in the first five years  Kansas Star…………..…...…$260 million – Jan 2015  WinSpirit…………..………….$181 million – Jan 2016 (with tribal gaming – Jan 2018)  Kansas Star investment is regardless of tribal gaming… WinSpirit is not
  3. 3. Gaming Revenue – Year 2016 Kansas Star WinSpirit State Presentation 10/28 $202.3 $156.5 State Presentation 12/1 $202.3 $186.9 Cummings Report $213.4 $155.8 Wells Report $209.2 $120.5  Conservative projections  Better location  Different contractual obligations  Full build out sooner
  4. 4. Benefits To State and Sumner County EKay Economic Consultants: Significantly more gaming tax and total tax in the first seven years Kansas Star WinSpirit Total tax benefit $371,631,514 $248,797,966 Benefit to Sumner County $20,945,908 $15,634,227 Civic Economics: Significantly more impact to Kansas stakeholders Kansas Star WinSpirit Construction Impacts $246,207,174 $158,787,335 Operations Impacts $188,944,697 $136,237,230
  5. 5. Jobs Total Compensation Per Employee - 2014 Kansas Star $37,980* WinSpirit $24,231** * Page 80 and 81 of the applicant’s lottery gaming facility management contract ** Page 186 and 188 of the applicant’s lottery gaming facility management contract
  6. 6. Tourism – Contractual Obligation 100,000 SF Event Center – Jan 2013 $25 million Equestrian Complex – Jan 2015 vs. $6 million travel plaza – 2014* $12 million racetrack – 2021** * 2016 if tribal gaming occurs ** Not required if tribal gaming occurs
  7. 7. Tourism – Equestrian Complex  World class design team  Based on leading research – Crossroads Consulting • 215,000 – 255,000 visitors from the equestrian market  Supported by all major equestrian associationsAmerican Quarter Horse Association Kansas Horse CouncilNational Cutting Horse Association Kansas Paint Horse AssociationNational Reining Horse Association Kansas Quarter Horse AssociationProfessional Rodeo Cowboys Association American Saddlebred Association of KansasNational Reined Cow Horse Association Woman’s Professional Rodeo Association It will succeed
  8. 8. Tourism – Contractual Obligation 300 hotel rooms vs. 80 hotel rooms
  9. 9. Tourism = Incremental gaming revenue? Amenities need to be adjacent to the casino to maximize gaming revenue
  10. 10. Construction Management  Peninsula has built three successful projects  Each one - on time and on budget Peninsula Team Position Brent Stevens CEO Michael Luzich President Jonathan Swain COO Natalie Schramm CFO Dan Edgington Director of Construction Mike Halastick Director of Development
  11. 11. Operational Management…it matters As a team we operate four properties  Regulated jurisdictions  Brands make a difference Submitted Budget Kansas Star WinSpirit Advertising and $25.2 $10.0 Promotions Player Comps $8.5 $3.1 Total $33.7 $13.1  $20.6 million more spent per year to drive revenue
  12. 12. Summary  Two Very Different Projects  Construction And Management Experience  The Most Capital Invested - $260 million  The Soonest - Within 4 Years  Not Contingent - Park City  The Highest Revenue  The Most Tourism - A True Destination Resort  Supports Education - “Ad Astra”  The Best Choice For Kansas

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