This document summarizes a presentation by Will Cummings to the Kansas Lottery Gaming Facility Review Board on projections for gaming revenue in the Southeast Gaming Zone of Kansas. Cummings presents his own projections, which are lower than those of Penn National due to differences in assumptions around how spending decreases with distance. Cummings' projections are based on gravity models showing that spending falls off sharply with increased distance from a casino, while Penn National's assume more consistent spending across distance. Charts show the significant differences between the two sets of projections, particularly regarding out-of-state counties.
The document provides projections for the likely gaming revenues of Penn Cherokee casino in Kansas. It includes exhibits showing baseline projections under a scenario with representative new gaming facilities in Kansas. The baseline projects Penn Cherokee will obtain $32 million in annual gaming revenues from 900 slot machines. Comparisons are made to Penn National's projections, which are higher, and lower and higher projection scenarios are also presented. Sources of consumer spending and visitation are broken down by location.
Under a baseline scenario, the document projects that Penn Sumner's proposed casino in Wellington, Kansas ("Penn Wellington") would generate total annual gaming revenues of $123.5 million once operations reach maturity. This is lower than projections for a competing proposed casino near Mulvane, Kansas ("Harrah's Mulvane") which is projected to generate $174 million. The document provides exhibits with details on the revenue projections, sources of consumer spending, and projected visitation for Penn Wellington and other existing and proposed casinos in Kansas.
This document provides gaming revenue projections for "Harrah's Mulvane" casino in Kansas under a "Baseline" or most likely future scenario. It projects total annual gaming revenues for Harrah's Mulvane of $174 million by 2027, higher than the $130.2 million and $123.5 million projected for two other proposed casinos near Wellington. The document includes exhibits providing details on the revenue projections and comparisons to projections made by Harrah's.
Will Cummings of Cummings Associates presented gaming revenue projections for two proposed casinos in Kansas to the Lottery Gaming Facility Review Board. For the Kansas Entertainment casino in Phase 1 with 2,300 slots and no hotel, Cummings projected $203 million in annual revenue, attracting 110,400 tourists. For the full build with 3,000 slots and 500 hotel rooms, Cummings projected $261.6 million in annual revenue and 209,600 tourists. Cummings' projections were slightly below the applicant's projections for Phase 1 but 25% lower for the full build.
Will Cummings of Cummings Associates presented gaming revenue projections for the proposed Chisholm Creek casino in south-central Kansas. Cummings projected that phase 1 of the casino with 1,300 slots and no hotel would generate $163 million in total annual revenue. The full buildout with 2,000 slots and a 150-room hotel was projected to generate $192.8 million in total annual revenue. Cummings' projections were higher than the applicant's projections of $121.1 million for phase 1 and $230 million for the full buildout. Cummings also projected the casinos would result in $48.8 million in net exports and attract 73,300 tourists annually for phase 1,
Will Cummings of Cummings Associates presented gaming revenue projections for south-central Kansas to the Lottery Gaming Facility Review Board. The presentation discussed methodology using gravity models and factors such as location, size, and amenities. Projections were provided for two proposed casino sites, estimating market shares and slot machine performance ratings over time as facilities are expanded and competition changes. Location was emphasized as highly important to attracting customers, with visitation and spending found to decline rapidly with increased distance from gaming options.
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.
Will Cummings, an expert in gaming and racing industries, presented to the Kansas Racing and Gaming Commission on the challenges facing horse racing from expanded gaming. He discussed how gaming has grown much larger than racing in terms of revenues and locations available to bet. Cummings also outlined responses racing has taken like adding slots at tracks and expanding simulcasting, and proposed projections for revenues at Kansas tracks if slots were added using a gravity model methodology.
The document provides projections for the likely gaming revenues of Penn Cherokee casino in Kansas. It includes exhibits showing baseline projections under a scenario with representative new gaming facilities in Kansas. The baseline projects Penn Cherokee will obtain $32 million in annual gaming revenues from 900 slot machines. Comparisons are made to Penn National's projections, which are higher, and lower and higher projection scenarios are also presented. Sources of consumer spending and visitation are broken down by location.
Under a baseline scenario, the document projects that Penn Sumner's proposed casino in Wellington, Kansas ("Penn Wellington") would generate total annual gaming revenues of $123.5 million once operations reach maturity. This is lower than projections for a competing proposed casino near Mulvane, Kansas ("Harrah's Mulvane") which is projected to generate $174 million. The document provides exhibits with details on the revenue projections, sources of consumer spending, and projected visitation for Penn Wellington and other existing and proposed casinos in Kansas.
This document provides gaming revenue projections for "Harrah's Mulvane" casino in Kansas under a "Baseline" or most likely future scenario. It projects total annual gaming revenues for Harrah's Mulvane of $174 million by 2027, higher than the $130.2 million and $123.5 million projected for two other proposed casinos near Wellington. The document includes exhibits providing details on the revenue projections and comparisons to projections made by Harrah's.
Will Cummings of Cummings Associates presented gaming revenue projections for two proposed casinos in Kansas to the Lottery Gaming Facility Review Board. For the Kansas Entertainment casino in Phase 1 with 2,300 slots and no hotel, Cummings projected $203 million in annual revenue, attracting 110,400 tourists. For the full build with 3,000 slots and 500 hotel rooms, Cummings projected $261.6 million in annual revenue and 209,600 tourists. Cummings' projections were slightly below the applicant's projections for Phase 1 but 25% lower for the full build.
Will Cummings of Cummings Associates presented gaming revenue projections for the proposed Chisholm Creek casino in south-central Kansas. Cummings projected that phase 1 of the casino with 1,300 slots and no hotel would generate $163 million in total annual revenue. The full buildout with 2,000 slots and a 150-room hotel was projected to generate $192.8 million in total annual revenue. Cummings' projections were higher than the applicant's projections of $121.1 million for phase 1 and $230 million for the full buildout. Cummings also projected the casinos would result in $48.8 million in net exports and attract 73,300 tourists annually for phase 1,
Will Cummings of Cummings Associates presented gaming revenue projections for south-central Kansas to the Lottery Gaming Facility Review Board. The presentation discussed methodology using gravity models and factors such as location, size, and amenities. Projections were provided for two proposed casino sites, estimating market shares and slot machine performance ratings over time as facilities are expanded and competition changes. Location was emphasized as highly important to attracting customers, with visitation and spending found to decline rapidly with increased distance from gaming options.
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.
Will Cummings, an expert in gaming and racing industries, presented to the Kansas Racing and Gaming Commission on the challenges facing horse racing from expanded gaming. He discussed how gaming has grown much larger than racing in terms of revenues and locations available to bet. Cummings also outlined responses racing has taken like adding slots at tracks and expanding simulcasting, and proposed projections for revenues at Kansas tracks if slots were added using a gravity model methodology.
This presentation summarizes gaming revenue projections for four proposed casinos in the Northeast Kansas gaming zone. Cummings Associates projects that the Speedway casino will generate $271.6 million in annual revenue, followed by Golden Heartland at $258.8 million, Pinnacle at $239.2 million, and Legends Sun at $212 million. Location and size are significant factors, with larger facilities projected to earn more. The projections are lower than estimates from applicants, with Cummings noting key differences in modeling assumptions around local versus long-distance customers.
This document provides an overview and analysis of projections for new casinos proposed in southeastern Kansas. It discusses the use of gravity models to project gaming revenues and financial performance based on location, size, competition and other factors. Specifically, it examines how spending declines with distance from a casino based on players' club and other data. Bigger casinos are generally better due to economies of scale. The presentation compares various existing casinos' "power ratings" which reflect their overall attractiveness based on revenues adjusted for location.
The document provides a summary of a gaming revenue projection report prepared by Wells Gaming Research for the Kansas Lottery Gaming Facility Review Board. It outlines the methodology used, including defining the trade area and scenarios analyzed. It then provides projections for visitor numbers and gaming revenues for proposed casinos in Boot Hill and Dodge City under different scenarios, with Boot Hill projections showing higher visitation and revenue figures. Charts and tables compare the results to existing casinos and the applicants' own projections.
The document summarizes gaming revenue and casino visit projections for a proposed Northeast Gaming Zone and casino in Wyandotte County, Kansas. It outlines the methodology used, defines the trade area population of over 3 million people within a 125-mile radius, and compares the proposed casino's capacity and projected revenues to existing nearby casinos in Kansas, Missouri, and Oklahoma. The projections estimate that the new casino would generate $151.9 million in gaming revenues in Phase I and $255.1 million at full build out, and attract 2.15 million and 3.29 million visits respectively, though revenues and visits could vary by 16-18% and 8-10% from those estimates.
This document summarizes Douglas Walker's presentation on forecasting economic impacts and competitive impacts of casinos in southeast Kansas. Some key points:
- Walker estimates that a new casino would result in a 9.9% increase in employment, 3.4% increase in average weekly wages, and 1.7% increase in the number of establishments in the county. Crawford County is estimated to see larger gains due to its larger population.
- 14 casinos in northeast Oklahoma located within 25 miles of the Kansas border could competitively impact the proposed southeast Kansas casinos. Walker uses a model of competition among Missouri casinos to analyze these competitive effects.
- Location and distance between casinos may impact competition based on Hot
This document provides revenue projections for three proposed casinos in Sumner County, Kansas - Harrah's Kansas, Penn National, and Marvel Gaming. It summarizes the methodology used, including defining the trade area and competitive casinos. It then provides visitor projections from the applicants and Wells Gaming Research, as well as revenue projections with and without a proposed Cherokee County casino. Specific statistics on revenue and expenses are also given for Penn National.
This document provides casino revenue projections for a proposed generic casino in Wyandotte County, Kansas within the Northeast gaming zone. It summarizes the existing casino capacity and revenues in the region, and provides three scenarios estimating revenues in 2012 from existing casinos plus proposed expansions and new casinos, including the generic Wyandotte County casino. Under the scenarios, total casino revenues in the region are projected to increase from almost $923 million in 2007 to between $966 million and $989 million in 2012.
The document provides details from a gaming revenue projection report prepared by Wells Gaming Research for the Kansas Lottery Gaming Facility Review Board. It outlines the methodology used, including defining the trade area and population data, and assumptions made for four proposed Wyandotte County casino projects. It then provides projections for visitor numbers, gaming revenues, and income statements for the casino, rooms, food, beverage, and other departments for each proposed casino, comparing the projections to Nevada casino data. Biographical information is also provided on Richard Wells, founder and president of Wells Gaming Research.
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.
The document provides an update to methodology for projecting gaming revenues in Kansas. It refines analyses of other Midwest gaming facilities' performance and zeroes in on proposed Kansas sites. Exhibits show annual spending on slots and tables at other facilities, ranked by "power ratings" to estimate proposed Kansas facilities' likely performance based on location, size, and investment. The methodology focuses on local residents but assumes some facilities can attract more distant customers. Intangibles like branding and management are difficult to model but could impact projections.
The document summarizes a market assessment for a proposed gaming facility in southeast Kansas. It examines the demographic and financial characteristics of populations within 30, 60, and 90 minutes of the location. Entertainment and gambling preferences are also assessed. Significant competition from 50 casinos in Oklahoma is noted. The proposal suggests a casino with 900 slots and 30 tables along with various food and beverage options. However, it is assessed that the facility would likely operate as an overflow property and not significantly grow the existing market due to limited amenities and competition from nearby facilities.
Leg sun lottery review board rebutal-final finalkrgc
This document discusses the proposal for a new casino in Kansas by Legends Sun Management. It provides details to support why Legends Sun should be selected as the best plan. The key points made include:
1) Legends Sun has a proven track record of successful casino operations and delivering "wow factor" destinations.
2) Financial projections by independent gaming consultants show Legends Sun's proposal could achieve gaming revenue of $272-299 million annually, which Legends Sun is best positioned to attain due to its experience.
3) Legends Sun has the most extensive gaming experience compared to other applicants, including operating the highly successful Mohegan Sun casino in Connecticut.
This proposal argues Legends
The document is a response letter from an organization to the Kansas Racing and Gaming Commission addressing follow-up questions from a previous presentation. It provides data on gaming hold percentages, customer satisfaction and loyalty rates, travel patterns to an existing casino, and proposes plans to include a racetrack at a new facility to attract additional customers. Supporting research is presented showing auto racing fans are also likely to participate in gaming.
This document provides details for marketing a proposed new professional sports franchise called the Montgomery Tigers that would be located in Montgomery, Alabama. Key points include:
- The target markets are men aged 20-50 and their families, across all income levels. Children are a secondary target to get parents interested.
- Montgomery has favorable weather from September to January for sports. Adding a team would benefit the local economy and community.
- Details are provided on stadium naming, location, uniforms, and concessions to engage fans. Sponsorships and merchandise are also outlined.
- Player profiles and game schedules vs other teams are shown to generate excitement. Ticket pricing strategies aim to make games accessible to all fans.
This document provides projections for gaming revenue from a proposed Penn National casino in Cherokee County, Kansas. It summarizes Wells Gaming Research's methodology for the projections, which included using a proprietary gravity model to define the trade area and population data, and developing scenarios accounting for the casino's proposed size and location. It then provides details on the assumptions for the Penn National Cherokee casino, presents gaming visit and revenue projections under various scenarios from 2010-2012, and compares the projections to an existing nearby casino.
The document provides a review and comparison of the ancillary development proposals of two applicants - Global Gaming Solutions (GGS) and Peninsula Gaming Partners (PGP) - for a gaming license in the South Central Zone of Kansas. It finds that both proposals involve investing $280-285 million to develop regional entertainment destinations relying largely on local gamers within 100 miles. While PGP forecasts higher gaming demand and revenue, GGS proposes comparable gaming capacity with lower projected spending per visitor. The review also compares the applicants' proposals for dining, bars, entertainment, hotels, retail, and parking, finding differences in concepts, capacity, and projected performance.
This document contains projections from Cummings Associates comparing the likely gaming revenues of three proposed casinos in south-central Kansas to projections made by the casinos' owners. Cummings projected lower revenues than the owners for all three casinos between 2010-2016, with revenues escalating at 2.5% annually. Charts show Cummings' projections falling below the owners' projections for Harrah's Mulvane casino, Marvel's Wellington casino, and Penn's Wellington casino over the period analyzed.
The document outlines the target market, location, and plans for a proposed NFL franchise called the Las Vegas Scorpions, including details on the primary target market of males ages 21-100 making $45,000-$100,000, the location of Las Vegas, Nevada, and plans for the stadium, uniforms, tickets, and marketing strategy.
Union Gaming Analytics was commissioned by the Kansas Lottery Gaming Facility Review Board to evaluate three applicants for a gaming license in southeast Kansas. The analysis included projections for gross gaming revenue, visitation numbers, tax revenue, and economic impacts for each applicant. The methodology involved examining demographic data within drive time radii of the proposed sites, establishing a theoretical gaming market, and applying proprietary capture rates to project revenues and visitation from local, near-local, and regional populations. Consultants then evaluated the economic and fiscal impacts, amenities, and financial suitability of each applicant.
Attendees of the 6th annual Second Street Awards walked away with lots of fresh ideas for generating revenue and building databases, as well as plenty of inspiration for contest, ballots, and ecommerce promotions to run in 2015.
To see which promotions excelled this past year, check out the slides from the Second Street Awards webinar.
This group of experienced regional casino developers and operators proposes to build Kansas Crossing casino and hotel in southeast Kansas. The development is expected to generate $69 million in initial construction spending, create hundreds of jobs, and generate $10 million annually for state and local governments through taxes. As the largest entertainment venue in the region, Kansas Crossing aims to boost tourism by attracting out-of-state visitors and partnering with local organizations to promote southeast Kansas.
The document provides an analysis of the potential fiscal impacts of three proposed gaming facilities - Camptown Casino, Kansas Crossing Casino, and Castle Rock Casino - in southeast Kansas. It summarizes the methodology used, including adjustments made to the revenue estimates provided by the applicants. Revenue estimates over 5 years are provided for the state of Kansas, local counties and cities, school districts, and other impacted entities. Estimated costs to local and state governments to provide services to each facility are also summarized. The analysis finds differences between the revenue and cost estimates provided by EEC and the original numbers submitted by the applicants.
This presentation summarizes gaming revenue projections for four proposed casinos in the Northeast Kansas gaming zone. Cummings Associates projects that the Speedway casino will generate $271.6 million in annual revenue, followed by Golden Heartland at $258.8 million, Pinnacle at $239.2 million, and Legends Sun at $212 million. Location and size are significant factors, with larger facilities projected to earn more. The projections are lower than estimates from applicants, with Cummings noting key differences in modeling assumptions around local versus long-distance customers.
This document provides an overview and analysis of projections for new casinos proposed in southeastern Kansas. It discusses the use of gravity models to project gaming revenues and financial performance based on location, size, competition and other factors. Specifically, it examines how spending declines with distance from a casino based on players' club and other data. Bigger casinos are generally better due to economies of scale. The presentation compares various existing casinos' "power ratings" which reflect their overall attractiveness based on revenues adjusted for location.
The document provides a summary of a gaming revenue projection report prepared by Wells Gaming Research for the Kansas Lottery Gaming Facility Review Board. It outlines the methodology used, including defining the trade area and scenarios analyzed. It then provides projections for visitor numbers and gaming revenues for proposed casinos in Boot Hill and Dodge City under different scenarios, with Boot Hill projections showing higher visitation and revenue figures. Charts and tables compare the results to existing casinos and the applicants' own projections.
The document summarizes gaming revenue and casino visit projections for a proposed Northeast Gaming Zone and casino in Wyandotte County, Kansas. It outlines the methodology used, defines the trade area population of over 3 million people within a 125-mile radius, and compares the proposed casino's capacity and projected revenues to existing nearby casinos in Kansas, Missouri, and Oklahoma. The projections estimate that the new casino would generate $151.9 million in gaming revenues in Phase I and $255.1 million at full build out, and attract 2.15 million and 3.29 million visits respectively, though revenues and visits could vary by 16-18% and 8-10% from those estimates.
This document summarizes Douglas Walker's presentation on forecasting economic impacts and competitive impacts of casinos in southeast Kansas. Some key points:
- Walker estimates that a new casino would result in a 9.9% increase in employment, 3.4% increase in average weekly wages, and 1.7% increase in the number of establishments in the county. Crawford County is estimated to see larger gains due to its larger population.
- 14 casinos in northeast Oklahoma located within 25 miles of the Kansas border could competitively impact the proposed southeast Kansas casinos. Walker uses a model of competition among Missouri casinos to analyze these competitive effects.
- Location and distance between casinos may impact competition based on Hot
This document provides revenue projections for three proposed casinos in Sumner County, Kansas - Harrah's Kansas, Penn National, and Marvel Gaming. It summarizes the methodology used, including defining the trade area and competitive casinos. It then provides visitor projections from the applicants and Wells Gaming Research, as well as revenue projections with and without a proposed Cherokee County casino. Specific statistics on revenue and expenses are also given for Penn National.
This document provides casino revenue projections for a proposed generic casino in Wyandotte County, Kansas within the Northeast gaming zone. It summarizes the existing casino capacity and revenues in the region, and provides three scenarios estimating revenues in 2012 from existing casinos plus proposed expansions and new casinos, including the generic Wyandotte County casino. Under the scenarios, total casino revenues in the region are projected to increase from almost $923 million in 2007 to between $966 million and $989 million in 2012.
The document provides details from a gaming revenue projection report prepared by Wells Gaming Research for the Kansas Lottery Gaming Facility Review Board. It outlines the methodology used, including defining the trade area and population data, and assumptions made for four proposed Wyandotte County casino projects. It then provides projections for visitor numbers, gaming revenues, and income statements for the casino, rooms, food, beverage, and other departments for each proposed casino, comparing the projections to Nevada casino data. Biographical information is also provided on Richard Wells, founder and president of Wells Gaming Research.
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.
The document provides an update to methodology for projecting gaming revenues in Kansas. It refines analyses of other Midwest gaming facilities' performance and zeroes in on proposed Kansas sites. Exhibits show annual spending on slots and tables at other facilities, ranked by "power ratings" to estimate proposed Kansas facilities' likely performance based on location, size, and investment. The methodology focuses on local residents but assumes some facilities can attract more distant customers. Intangibles like branding and management are difficult to model but could impact projections.
The document summarizes a market assessment for a proposed gaming facility in southeast Kansas. It examines the demographic and financial characteristics of populations within 30, 60, and 90 minutes of the location. Entertainment and gambling preferences are also assessed. Significant competition from 50 casinos in Oklahoma is noted. The proposal suggests a casino with 900 slots and 30 tables along with various food and beverage options. However, it is assessed that the facility would likely operate as an overflow property and not significantly grow the existing market due to limited amenities and competition from nearby facilities.
Leg sun lottery review board rebutal-final finalkrgc
This document discusses the proposal for a new casino in Kansas by Legends Sun Management. It provides details to support why Legends Sun should be selected as the best plan. The key points made include:
1) Legends Sun has a proven track record of successful casino operations and delivering "wow factor" destinations.
2) Financial projections by independent gaming consultants show Legends Sun's proposal could achieve gaming revenue of $272-299 million annually, which Legends Sun is best positioned to attain due to its experience.
3) Legends Sun has the most extensive gaming experience compared to other applicants, including operating the highly successful Mohegan Sun casino in Connecticut.
This proposal argues Legends
The document is a response letter from an organization to the Kansas Racing and Gaming Commission addressing follow-up questions from a previous presentation. It provides data on gaming hold percentages, customer satisfaction and loyalty rates, travel patterns to an existing casino, and proposes plans to include a racetrack at a new facility to attract additional customers. Supporting research is presented showing auto racing fans are also likely to participate in gaming.
This document provides details for marketing a proposed new professional sports franchise called the Montgomery Tigers that would be located in Montgomery, Alabama. Key points include:
- The target markets are men aged 20-50 and their families, across all income levels. Children are a secondary target to get parents interested.
- Montgomery has favorable weather from September to January for sports. Adding a team would benefit the local economy and community.
- Details are provided on stadium naming, location, uniforms, and concessions to engage fans. Sponsorships and merchandise are also outlined.
- Player profiles and game schedules vs other teams are shown to generate excitement. Ticket pricing strategies aim to make games accessible to all fans.
This document provides projections for gaming revenue from a proposed Penn National casino in Cherokee County, Kansas. It summarizes Wells Gaming Research's methodology for the projections, which included using a proprietary gravity model to define the trade area and population data, and developing scenarios accounting for the casino's proposed size and location. It then provides details on the assumptions for the Penn National Cherokee casino, presents gaming visit and revenue projections under various scenarios from 2010-2012, and compares the projections to an existing nearby casino.
The document provides a review and comparison of the ancillary development proposals of two applicants - Global Gaming Solutions (GGS) and Peninsula Gaming Partners (PGP) - for a gaming license in the South Central Zone of Kansas. It finds that both proposals involve investing $280-285 million to develop regional entertainment destinations relying largely on local gamers within 100 miles. While PGP forecasts higher gaming demand and revenue, GGS proposes comparable gaming capacity with lower projected spending per visitor. The review also compares the applicants' proposals for dining, bars, entertainment, hotels, retail, and parking, finding differences in concepts, capacity, and projected performance.
This document contains projections from Cummings Associates comparing the likely gaming revenues of three proposed casinos in south-central Kansas to projections made by the casinos' owners. Cummings projected lower revenues than the owners for all three casinos between 2010-2016, with revenues escalating at 2.5% annually. Charts show Cummings' projections falling below the owners' projections for Harrah's Mulvane casino, Marvel's Wellington casino, and Penn's Wellington casino over the period analyzed.
The document outlines the target market, location, and plans for a proposed NFL franchise called the Las Vegas Scorpions, including details on the primary target market of males ages 21-100 making $45,000-$100,000, the location of Las Vegas, Nevada, and plans for the stadium, uniforms, tickets, and marketing strategy.
Union Gaming Analytics was commissioned by the Kansas Lottery Gaming Facility Review Board to evaluate three applicants for a gaming license in southeast Kansas. The analysis included projections for gross gaming revenue, visitation numbers, tax revenue, and economic impacts for each applicant. The methodology involved examining demographic data within drive time radii of the proposed sites, establishing a theoretical gaming market, and applying proprietary capture rates to project revenues and visitation from local, near-local, and regional populations. Consultants then evaluated the economic and fiscal impacts, amenities, and financial suitability of each applicant.
Attendees of the 6th annual Second Street Awards walked away with lots of fresh ideas for generating revenue and building databases, as well as plenty of inspiration for contest, ballots, and ecommerce promotions to run in 2015.
To see which promotions excelled this past year, check out the slides from the Second Street Awards webinar.
This group of experienced regional casino developers and operators proposes to build Kansas Crossing casino and hotel in southeast Kansas. The development is expected to generate $69 million in initial construction spending, create hundreds of jobs, and generate $10 million annually for state and local governments through taxes. As the largest entertainment venue in the region, Kansas Crossing aims to boost tourism by attracting out-of-state visitors and partnering with local organizations to promote southeast Kansas.
The document provides an analysis of the potential fiscal impacts of three proposed gaming facilities - Camptown Casino, Kansas Crossing Casino, and Castle Rock Casino - in southeast Kansas. It summarizes the methodology used, including adjustments made to the revenue estimates provided by the applicants. Revenue estimates over 5 years are provided for the state of Kansas, local counties and cities, school districts, and other impacted entities. Estimated costs to local and state governments to provide services to each facility are also summarized. The analysis finds differences between the revenue and cost estimates provided by EEC and the original numbers submitted by the applicants.
Civic Economics (Dan Houston, Matt Cunningham)krgc
The document analyzes the potential economic impacts of three proposed gaming facility projects in Kansas: Camptown, Kansas Crossing, and Castle Rock. It finds that Castle Rock would have the largest economic impact during construction, supporting over 900 jobs and contributing $134.2 million to total economic output. During operations in 2019, Castle Rock is estimated to support 584 jobs and contribute $72.9 million to economic output, more than the other two proposals. The analysis examines impacts from construction spending, facility operations, gaming revenues, and local resident spending.
The document analyzes and evaluates the financial suitability of three applicants for a gaming license in Southeast Kansas: Frontenac Development, Castle Rock Casino Resort, and Kansas Crossing Casino. For each applicant, it summarizes the ownership structure, project budget, proposed financing sources, and Union Gaming's analysis and conclusion on their financial viability and ability to fund the projects. While Frontenac and Kansas Crossing were deemed sufficiently capitalized, Castle Rock's ability to obtain the required debt financing was called into question due to uncertainties around land valuation and high projected leverage.
The three proposed casino projects in Kansas Southeast Zone are similar in their Phase 1 concepts, having a minimum critical mass to win the bid but also achieve initial success. Camptown and Kansas Crossing propose smaller local casinos, while Castle Rock proposes a larger regional destination. All have similar potential for Phase 1 success despite different strengths and weaknesses. The key decision is whether to prefer two smaller local casinos or one larger regional casino. The regional casino has the greatest revenue potential but also the least room for error. The owner/team's ability to adapt may be more important than initial plans. However, the tax rate difference between Kansas and Oklahoma gives Oklahoma casinos an advantage in any marketing war.
Camptown Casino will be located in Frontenac, Kansas. It will include 750 slot machines, 20 table games, a 62-room hotel, and Gilley's Saloon entertainment venue. Phil Ruffin, an experienced casino operator, will personally finance the $84 million project. It is projected to create 300 jobs and attract nearly 1 million visitors annually from Missouri, Kansas, and other nearby states. Camptown aims to open sooner than competing proposals and will donate $50,000 annually to the local school district.
2015 LGFRB Presentation Castle Rock Casino Resort krgc
This document provides details about the proposed Castle Rock Casino Resort development project. It outlines the developers, architects, management company, contractors, and legal consultants involved. It also provides information on the size and amenities of the casino, hotel, meeting space, and other facilities. Projected revenues, taxes, employment, and visitation are presented. The management and development experience of the casino operator, American Casino and Entertainment Company, is summarized.
Global Gaming KS, LLC presented to the Kansas Lottery Gaming Facility Review Board on their proposal for a gaming facility. They argued that their selected Exit 19 site is clean with infrastructure, has community support, and avoids legal issues. Their planned 260,000 square foot facility with hotel would open fully within 14 months. While an interim facility lacks appeal, their permanent destination-quality development would include restaurants, entertainment, and gaming expansion over time. They believe revenue differences between Exit 19 and 33 sites are negligible and addressed counterarguments.
The document discusses two proposed casino projects in Kansas - Kansas Star and WinSpirit. Kansas Star promises to invest $260 million, build amenities sooner including a 100,000 square foot event center and $25 million equestrian complex, and generate more gaming revenue, taxes, and jobs for the state. It argues Kansas Star's management team has more experience building and operating successful casino projects on time and on budget and will spend more on advertising to drive higher revenue. The document positions Kansas Star as the best and most lucrative choice for Kansas.
The document discusses the benefits of meditation for reducing stress and anxiety. Regular meditation practice can calm the mind and help prevent worrying thoughts. Meditation lowers stress levels in the body by reducing blood pressure and cortisol levels.
Dean Macomber summarizes his analysis of Global Gaming's proposal for a race track as a tourism generator. He finds that Global's projections of attracting a "Big Event" with 50,000-100,000 visitors are speculative given the limited number of comparable racing events and competition from existing tracks. Their projections of smaller events generating the remaining 50,000 visitors also seem aggressive. In contrast, an equestrian center like Peninsula proposes could attract equine, entertainment, and convention events more reliably as a tourism generator.
peninsula plans meet or exceed drainage standardskrgc
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.
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.
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.
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.
- The proposed Kansas Star Casino development will include new drainage infrastructure to improve drainage conditions for surrounding landowners.
- Runoff from the development and surrounding areas will be conveyed via three new swales to a 29.8-acre dry bottom detention basin located at the southeast corner of the site.
- Water in the detention basin will drain by gravity and pumping to existing culverts under 140th Avenue at a rate of 25 cfs or less, which is less than the culverts' capacity. This will ensure no adverse impacts from increased runoff.
lottery response re question from review board re peninsula's timelines exh...krgc
The document is an email from Keith Kocher of the Kansas Lottery providing comments on a timeline exhibit comparing the investment plans of two casino applicants - Kansas Star and WinSpirit. The summary includes:
1) The timelines appear fairly accurate but some clarifications are provided, including minor adjustments to WinSpirit's construction timeline and clarifying dates as maximums.
2) Some of WinSpirit's scheduled investments do not have corresponding dollar amounts in their contract.
3) The term "Tribal Gaming Facility" has a specific definition in WinSpirit's contract relating to location, ownership, and number of gaming devices.
lottery response re question from review board re peninsula's timelines exh...
Cummings ks se slides 0724
1. Gaming Revenue
Projections for the
Southeast Gaming Zone
of Kansas
Presentation to Lottery Gaming Facility Review Board
by Will Cummings / Cummings Associates
July 24, 2008
1
4. Overview
Process (in brief)
Cummings Projections
Differences from Penn National
(Morowitz) Projections
Key Difference: Spending vs. Distance
The Evidence
My Conclusion: Distance Matters
4
16. 16
Exhibit 2: Gaming-Device "Power Ratings"
(Total Annual Spending versus benchmark of $700)
Large Smaller Cities
Urban Markets & Misc. Markets Rural Markets
Deadwood, SD 129.9
S Dakota Indian avg. (8) 124.7 e
Upstate Michigan avg. 120.0 e
Colorado (2) 120.0
Kansas Natives avg. 116.9 e
Mississippi / Louisiana 115.5
Terribles Lakeside. IA 113.4
Horseshoe / Bluffs Run, IA 113.0 Diamond Jo Worth, IA 113.0
Iowa Natives average 112.0 e
Ameristar Council Bluffs, IA 111.3
Upstate Wisconsin avg. 110.0 e
Mt. Pleasant, MI 109.9 e
Albuquerque, NM avg. 107.4 Metropolis, IL/KY 107.6 o IOC Marquette, IA 107.1 o
Harrahs Council Bluffs, IA 106.6 Dubuque Greyh Park, IA 106.9
Harrahs Joliet, IL 106.4 o Emmetsburg, IA 106.3
Other New Mexico avg. 105.7
IOC Boonville, MO 105.6 o
Atlantic City, NJ 104.3
Riverside, IA 104.1
Harrahs NKCMO 103.4
Wisconsin Dells 102.1 e
Prairie Meadows, IA 99.6 Mohegan Sun, CT 100.0 o
IOC Waterloo, IA 99.6
Ameristar KCMO 98.6
Michigan City, IN 97.9 Dubuque Riverboat, IA 97.4 o
Harrahs W St Louis 97.1
Argosy Riverside, MO 97.1
Elgin (Chicago) IL 96.0 o Argosy Sioux City, IA 96.3 o
Joliet Empress, IL 95.3 o Foxwoods, CT 95.6 o
Niagara (NY) casino 94.6
IOC Bettendorf, IA 94.0 o
East St Louis, IL 93.7 o Southern Delaware 93.7
Midwest Standard +10%
"Midwest Standard"
17. 17
Exhibit 4: Table-Game "Power Ratings"
(Total Annual Spending versus benchmark of $95)
Large Smaller Cities
Urban Markets & Misc. Markets Rural Markets
Metropolis, IL/KY 118.9 o
Hammond, IN 114.7 o
Iowa Natives average 113.7 e
Albuquerque, NM avg. 113.1 ±
Resorts, E Chicago IN 112.6 o
Harrahs Joliet, IL 110.5 o
Elgin (Chicago) IL 110.5 o Kansas Natives avg. 110.5 e
Michigan City, IN 108.4
Louisville, KY/IN 108.4 o
Upstate Wisconsin avg. 105.3 e
Aurora (Chicago), IL 104.2 o Diamond Jo Worth, IA 104.2
Joliet Empress, IL 102.1 o Caruthersville, MO 102.1
Cincinnnati (avg), OH/IN 101.8 o
Majestic Star, Gary IN 101.1 o
Detroit (avg / 3 facils) 100.0 o
Horseshoe / Bluffs Run, IA 100.0 Terribles Lakeside. IA 100.0
Riverside, IA 97.9 Wisconsin Dells 97.9 e
Other New Mexico avg. 97.4 ± Emmetsburg, IA 97.9
Ameristar Council Bluffs, IA 96.8 French Lick, IN 96.8
Harrahs NKCMO 94.7 b
Harrahs W St Louis 91.6 b IOC Boonville, MO 91.6 b o
E S L i IL 88 4
Midwest Standard +10%
"Midwest Standard"
Midwest Standard -10%
18. 18
Detroit (avg / 3 facils) 100.0 o
Horseshoe / Bluffs Run, IA 100.0 Terribles Lakeside. IA 100.0
Riverside, IA 97.9 Wisconsin Dells 97.9 e
Other New Mexico avg. 97.4 ± Emmetsburg, IA 97.9
Ameristar Council Bluffs, IA 96.8 French Lick, IN 96.8
Harrahs NKCMO 94.7 b
Harrahs W St Louis 91.6 b IOC Boonville, MO 91.6 b o
East St Louis, IL 88.4 o
Argosy Riverside, MO 87.4 b Evansville, IN 87.4 o
Argosy Sioux City, IA 87.4 o
Ameristar KCMO 86.3 b
Harrahs Council Bluffs, IA 86.3
Dubuque Greyh Park, IA 85.3
Prairie Meadows, IA 83.2
IOC Waterloo, IA 83.2
IOC Marquette, IA 82.1 o
Ameristar St Chas, MO 81.1 b Green Bay, WI 81.1 e
Catfish Bend Burlington, IA 78.9
St Jo MO 72.6 o
Admiral / downtown St Louis 71.6 b o
Milwaukee, WI 71.6 e o Peoria, IL 71.6 o
Dubuque Riverboat, IA 70.5 o
IOC KCMO 69.5 b o IOC Bettendorf, IA 67.4 o
Mark Twain, MO 67.4 b o
Clinton, IA 67.4 o
Deadwood, SD 64.2 b
Jumers Rock Island, IL 58.9 o S Dakota Indian avg. (8) 57.9 e
Rhythm City, IA 48.4 o
Colorado (2) 35.8 b
e = estimated
o = old boat or capacity-constrained market
b = betting limits
"Midwest Standard"
Midwest Standard -10%
19. 19
Exhibit 5: Assumptions for Kansas Projections
Harrah's Marvel Penn Penn
Kansas City Mulvane Wellington Wellington Cherokee Dodge
Slot Performance
High 107.0 110.0 116.0 116.0 107.0 117.0
Baseline 102.0 104.0 110.0 110.0 102.0 112.0
Low 97.0 98.0 104.0 104.0 97.0 107.0
Table Performance
High 107.0 106.0 108.0 103.0 95.0 105.0
Baseline 102.0 98.0 100.0 95.0 90.0 100.0
Low 97.0 90.0 92.0 87.0 85.0 95.0
Note: 100 = "Midwest Standard." Higher slot baseline here typical of new facilities.
22. Cummings Projections:
900 slots 1,400 slots*
“High” $39.0 x
Baseline $32.0 $45.3
“Low” $23.2 x
(all in 2007 $ million for Penn National’s Hollywood Casino)
* And hotel, etc.
22
23. Cummings Projections (2007$)
900 slots 1,400 slots*
“High” $39.0 x
Baseline $32.0 $45.3
“Low” $23.2 x
(all in 2007 $ million for Penn National’s Hollywood Casino)
* And hotel, etc.
23
24. Cummings Projections (2013$)
900 slots 1,400 slots*
“High” $45.3 x
Baseline $37.2 $52.5
“Low” $27.0 x
(all in 2013 $ million for Penn National’s Hollywood Casino)
* And hotel, etc.
24
25. 25
Exhibit 4: Penn's Cherokee Projections vs. Cummings's (2.5% escalation)
$0
$20
$40
$60
$80
$100
$120
2010 2011 2012 2013 2014 2015 2016
Note: Cummings projections for 2011 are for Phase One 900-slot facility --
for 2013 and later years, for Phase N 1400-slot facility (for 2012, intermediate)
Slot+TableWin(nopokerplanned)($mn)
Penn C
C Low
C Base
C High
26. 26
Exhibit 5: Penn's Cherokee Projections vs. Cummings's (5% escalation)
$0
$20
$40
$60
$80
$100
$120
2010 2011 2012 2013 2014 2015 2016
Note: Cummings projections for 2011 are for Phase One 900-slot facility --
for 2013 and later years, for Phase N 1400-slot facility (for 2012, intermediate)
Slot+TableWin(nopokerplanned)($mn)
Penn C
C Low
C Base
C High
27. Sources of Difference (2013$)
Cummings Morowitz Diff.
0-100 miles $30.1 $74.3 $44.2
100+ miles $4.3 $13.2 $8.9
Drive-Bys $2.8 $2.9 $0.1
Area Hotels $0.0 $0.7 $0.7
Total $37.2 $91.0 $53.8
(all $ million)
27
41. 41
Marvel: More Significant Differences in Projected Spending Per Adult (Kansas)
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
0 20 40 60 80 100 120 140
Distance from Marvel Wellington (miles)
ProjectedAnnualSpending/AdultatMarvelWellington
Cummings
Marvel
42. 42
Marvel: Very Large Difference in Projected Spending from Oklahoma
$0
$50
$100
$150
$200
$250
$300
$350
$400
20 40 60 80 100 120 140 160
Distance from Marvel Wellington (miles)
ProjectedAnnualSpending/AdultatMarvelWellington
Cummings
Marvel
43. 43
Harrah's Projected Gaming Revenue by Time/Distance Zone ($ million)
$65
$95
$27
$15
$10 $9
$4
$14
$35
$0
$20
$40
$60
$80
$100
$120
0 to 20
minutes
21 to 40
minutes
41 to 60
minutes
61 to 80
minutes
81 to 100
minutes
101 to 140
minutes
(impeded)
101 to 140
minutes
Out of market Overnight
TotalGamingRevenue(Year3)
44. 44
Cummings Projections for Harrah's by Time/Distance Zone ($ million)
$82
$90
$8 $6
$2
$5
$9
$0
$20
$40
$60
$80
$100
$120
0 to 20
minutes
21 to 40
minutes
41 to 60
minutes
61 to 80
minutes
81 to 100
minutes
101 to 140
minutes
(impeded)
101 to 140
minutes
Out of market Overnight
TotalGamingRevenue(Year3)
45. 45
Penn Wellington: Differences in Spending per Adult (Kansas only)
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
0 20 40 60 80 100 120 140
Distance from Penn Wellington (miles)
ProjectedAnnualSpending/AdultatPennWellington
Cummings
Morowitz
46. 46
Penn Wellington: Differences in Projected Spending per Adult (Kansas only)
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
0 200
( data sorted not by distance but by Cummings projection )
ProjectedAnnualSpending/AdultatPennWellington
Cummings
Morowitz
47. 47
Penn Wellington: Differences in Projected Spending per Adult (Oklahoma)
$0
$20
$40
$60
$80
$100
0 25
( data sorted not by distance but by Cummings projection )
ProjectedAnnualSpending/AdultatPennWellington
Cummings
Morowitz
64. 64
Exhibit 12: Recent Projections Compared to Actual Results
(Annual Slot Win / $million)
Projection / Source Actual / Source
Facility / Market:
Zia Park / New Mexico $53.7 (1) $68.9 (2)
Emmetsburg / Iowa $23.4 (3) $26.4 (4)
Worth County / Iowa $34.2 (3) $67.5 (4)
Riverside / Iowa $82.0 (3) $85.8 (4)
IOC Waterloo / Iowa $96.8 (3) $76.9 (4)
$30.2
$49.9
Tioga Downs NY (5) (6)$42.2
65. The Gaming Markets
of Iowa:
Analyses and Projections
Presentation to the
Iowa Racing and Gaming Commission
Will E. Cummings
Cummings Associates
April 21, 2005
71. With Tama,
Market Projection Actual Change
Marquette -8.4% -6.9%
Dubuque -5.3% -9.3%
Clinton -4.1% -3.0%
Quad Cities -3.4% -3.4%
Catfish Bend -5.7% -4.8%
Prairie Meadows -9.5% -10.9%*
Lakeside -12.3% -7.0%*
Bluffs/Omaha -0.5% +0.8%
Sioux City -0.7% +10.4%*
31
72. If You Build It, They Will
Come -- But How Far?
The “Distance Factor”
in Regional Gaming Markets
Presentation to the 12th International
Conference on Gambling & Risk-Taking
Will E. Cummings
Cummings Associates
May 30, 2003
73. Estimation Procedures
Impacts of distance relationships highly
nonlinear
Establish reasonable values for “all
other” parameters
demographic
facility, etc.
Vary the aggregate distance coefficient
Measure the (absolute) “error”
75. Casinos’ “Gravity”
According to Reilly --
Amended
Presentation to the 13th International
Conference on Gambling & Risk-Taking
Will E. Cummings
Cummings Associates
May 25, 2006
[ With notes added May 30, 2006 ]
87. Casino Y: players’ club data
$0
$100
$200
$300
$400
$500
0 20 40 60 80 100 120
Distance from Casino Y (miles)
AverageAnnualSpending/Adul
88. Will E. Cummings
Cummings Associates
135 Jason Street
Arlington, MA 02476
(781) 641-1215
cummingsw@aol.com
88
89. Gaming Revenue
Projections for the
Southeast Gaming Zone
of Kansas
Presentations to Lottery Gaming Facility Review Board
by Will Cummings / Cummings Associates
July 24, 2008
89