2.0 marvel gaming presentation part 2
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krgcThe document advertises amenities at a casino including a buffet and live entertainment. Guests can enjoy both a buffet style meal with a variety of food options as well as a live performance at the casino for an entertaining experience.
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Our projections are lower than the consultants' for a few key reasons:
1. We are being very conservative in our estimates given the current economic climate. We want to ensure we can meet our projections.
2. The consultants' estimates assume we will open with the maximum allowable slot machines and table games in Phase I. We have proposed a more modest start to ensure quality and demand.
3. The consultants' revenue estimates do not account for expenses like payroll, marketing, food & beverage costs etc. Our net revenue projections are lower to account for these expenses.
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The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise has also been shown to boost self-esteem and can serve as a healthy way to manage stress.
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This document analyzes the fiscal impact of a proposed entertainment facility in Kansas. It estimates that over a 7-year period the facility would generate $283 million in new revenue for the state and $70 million in surpluses for local governments. Revenues are projected from gaming, property and sales taxes, while costs are estimated for law enforcement, education and administration. The analysis assumes the developer will cover infrastructure costs and that few new residents will impact services or schools due to existing capacity. It concludes the facility would result in surpluses for all analyzed government entities.
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This document analyzes the potential economic impacts of three proposed gaming facilities in Sumner County, Kansas. It examines both the construction impacts from building the facilities in 2010 and the operating impacts during the first full year of operations in 2011. For construction, the largest project, Sumner Resorts/Harrah's, is estimated to generate $458.9 million in total economic output, support 4,380 jobs, and provide $179.1 million in wages for Kansans. For operations in 2011, Sumner Resorts/Harrah's is projected to produce $1.1 billion in total economic output, support over 5,000 jobs, and provide $230 million in wages. The analysis also considers potential
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The document provides an overview and summary of a proposed new Hollywood Casino in Wellington, Kansas. It describes the casino resort as having 350 hotel rooms, 1,500 slot machines, 40 table games, multiple restaurants and bars, a 30,000 square foot entertainment venue, spa, and RV park. It expects to attract over 450,000 visitors annually, including many tourists from Oklahoma City and Tulsa who are within a 2-2.5 hour drive. The estimated $365 million Phase 1 budget and development timeline are also summarized.
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The document summarizes gaming revenue and casino visit projections for a proposed casino in Sumner County, Kansas from a report by Wells Gaming Research presented to the Kansas Lottery Gaming Facility Review Board. It defines the trade area as 32 counties in Kansas and 21 in Oklahoma with a population of over 3 million adults. It also outlines the methodology used and compares the proposed Chisholm Creek casino's projected revenues and visits to prior applications and existing Oklahoma casinos. Projections estimate the Chisholm Creek casino would generate $139.8 million in gaming revenues in phase 1 and $206.1 million at full build out.
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This document provides revenue and cost estimates for a proposed casino development over three years of construction and operations. It estimates that in year two, during construction, the development will generate over $2 million in state sales tax revenue and $566,766 in county sales tax revenue from building materials purchases and FF&E. In year three of operations, it estimates over $1.7 million in taxable retail sales will generate $91,255 in state sales tax and $25,827 in county sales tax revenue. The development is also projected to provide millions of dollars in annual property tax revenue for local governments.
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Will Cummings presented gaming revenue projections for two proposed casinos in the Southwest Gaming Zone of Kansas. The projections estimated that the Butler National casino would generate $47.2 million in revenue in 2013, while the Dodge City Resort casino would generate $46.5 million. Location and size of the casinos were found to matter little for revenues. The key question is which applicant will build the better facility.
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The document summarizes an economic impact analysis presentation for proposed gaming facilities in the Southwest zone of Kansas. It includes summaries of the construction impacts, operating revenue projections, and potential competitive effects on local industries such as lodging and food and beverage. The analysis found that the larger proposed Butler National facility would have greater economic impacts during construction and initial operations. Both facilities could redirect some local spending but also expand the lodging and dining capacity in Ford County.
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This document analyzes the fiscal impact of a proposed Chisholm Creek gaming facility. It estimates revenues from gaming, property and sales taxes, as well as costs for law enforcement, fire services, and education over a 6-year period for state and local governments. Revenues are projected to exceed costs, resulting in surpluses for the state, Sumner County, and Sedgwick County, but a deficit for the Mulvane School District and Fire District No. 9. The analysis methodology and key assumptions regarding development agreements, population trends, and staffing needs are also outlined.
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The document analyzes the potential fiscal impact of two proposed lottery gaming facilities in the Southwest zone of Kansas. It estimates revenues from gaming, taxes, and fees and costs for law enforcement, fire services, education and other public services over five years. For both proposals, revenues are projected to exceed costs for state and local governments except school districts, which are estimated to face deficits due to increased demand for services from new residents. The Butler proposal is projected to generate higher surpluses overall.
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The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like depression and anxiety.
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The document summarizes gaming revenue projections presented by Will Cummings to the Lottery Gaming Facility Review Board for casinos proposed in the South-Central gaming zone of Kansas. Cummings presented lower projections than the casino proponents, forecasting $202 million in revenue for Harrah's, $151 million for Marvel, and $143 million for Penn, compared to the proponents' higher estimates. The differences were largely due to Cummings using a gravity model based on spending decreasing with distance from a casino, while proponents assumed higher spending from areas further away.
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The document is a letter from Christopher Young, a civil engineering consultant, to the chairman of the Kansas Lottery Gaming Facility Review Board regarding a proposed drainage system for a proposed Kansas Star Casino development. Young serves as the City Engineer for Mulvane, Kansas and has reviewed drainage plans submitted by the developer. He concludes that the proposed drainage improvements, including a detention pond facility, will meet or exceed the City of Mulvane's stormwater drainage policy by having outflow rates less than existing conditions for 2-, 5-, 10-, and 100-year storm events.
Cummings response to global gaming
This document is a response from Cummings Associates to submissions from Global Gaming Solutions regarding revenue projections and the effects of distance on revenues. Cummings disagrees with some of Global Gaming's assertions, such as that the revenue differential between two proposed casino sites is mostly due to attractiveness rather than distance. Cummings also argues that survey data is not an accurate predictor of economic behavior like casino spending. Overall, Cummings believes distance has a larger impact on revenues than Global Gaming suggests, based on Cummings' analysis of casino performance data from multiple markets.
Sumner co. memo to lgfrb 12-10-10
The memorandum summarizes a request from the Kansas Lottery Gaming Facility Review Board for additional information about two competing casino applications in Kansas. Specifically, it provides details about 1) drainage and flooding issues at the proposed sites, 2) local approvals and endorsements for the sites, and 3) the experience of one applicant, Peninsula Gaming, with regulatory bodies in other states where criminal charges have been filed against the company and its executives related to campaign contributions. It concludes that the significant risks associated with approving Peninsula's application, including possible disqualification or inability to finance the project, outweigh any potential benefits over the other applicant, Global.
Global gaming responses to 12-7 meeting
The marketing plan outlines a soft opening period followed by a grand opening 90 days later for a new casino in Sumner County, Kansas. The $1 million budget will be used for advertising, promotions, and community events to generate awareness and excitement. Key objectives include building a local player base within 100 miles, attracting travelers on Interstate 35, and establishing the casino as a new entertainment destination through gaming, restaurants, a hotel, and live entertainment events.