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.
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.
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.
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.
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.
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.
The document provides gaming revenue projections for Marvel Gaming LLC's proposed casino ("Marvel Wellington") in Kansas. It projects Marvel Wellington will generate total annual gaming revenues of $130.2 million, lower than the $174 million projected for Harrah's Mulvane casino. The document also compares the source of consumer spending and visitation at each Kansas casino. It finds Harrah's Mulvane location would elicit more consumer spending due to being 11 minutes closer to the population center. Overall, the document projects lower revenues for Marvel Wellington than Marvel's own projections or other competitors.
The document provides gaming revenue projections for Marvel Gaming LLC's proposed casino ("Marvel Wellington") in Kansas. It projects Marvel Wellington will generate total annual gaming revenues of $130.2 million, lower than the $174 million projected for Harrah's Mulvane casino. The document also compares the source of consumer spending and visitation at each Kansas casino. It finds Harrah's Mulvane location would elicit more consumer spending due to being 11 minutes closer to the population center. Overall, the document projects lower revenues for Marvel Wellington than Marvel's own projections or other competitors.
The document provides projections for the performance of two proposed new gaming facilities in Kansas - Kansas Entertainment at the Kansas International Speedway and Chisholm Creek in south-central Kansas. Projections are provided under three scenarios for each facility: an initial phase, an alternative minimum scenario, and a fully built-out scenario. The projections are based on a gravity model that analyzes demographic data and gaming revenues from comparable existing facilities. The document summarizes that for Kansas Entertainment's initial phase, total gaming revenues are projected at $203 million compared to the applicant's projection of $220 million. For Chisholm Creek's initial phase, revenues are projected at $163 million compared to the applicant's $121 million. At full build
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.
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.
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.
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.
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.
The document provides gaming revenue projections for Marvel Gaming LLC's proposed casino ("Marvel Wellington") in Kansas. It projects Marvel Wellington will generate total annual gaming revenues of $130.2 million, lower than the $174 million projected for Harrah's Mulvane casino. The document also compares the source of consumer spending and visitation at each Kansas casino. It finds Harrah's Mulvane location would elicit more consumer spending due to being 11 minutes closer to the population center. Overall, the document projects lower revenues for Marvel Wellington than Marvel's own projections or other competitors.
The document provides gaming revenue projections for Marvel Gaming LLC's proposed casino ("Marvel Wellington") in Kansas. It projects Marvel Wellington will generate total annual gaming revenues of $130.2 million, lower than the $174 million projected for Harrah's Mulvane casino. The document also compares the source of consumer spending and visitation at each Kansas casino. It finds Harrah's Mulvane location would elicit more consumer spending due to being 11 minutes closer to the population center. Overall, the document projects lower revenues for Marvel Wellington than Marvel's own projections or other competitors.
The document provides projections for the performance of two proposed new gaming facilities in Kansas - Kansas Entertainment at the Kansas International Speedway and Chisholm Creek in south-central Kansas. Projections are provided under three scenarios for each facility: an initial phase, an alternative minimum scenario, and a fully built-out scenario. The projections are based on a gravity model that analyzes demographic data and gaming revenues from comparable existing facilities. The document summarizes that for Kansas Entertainment's initial phase, total gaming revenues are projected at $203 million compared to the applicant's projection of $220 million. For Chisholm Creek's initial phase, revenues are projected at $163 million compared to the applicant's $121 million. At full build
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.
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
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.
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.
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.
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.
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 Evolution of the Leonardo DiCaprio Haircut: A Journey Through Style and C...greendigital
Leonardo DiCaprio, a name synonymous with Hollywood stardom and acting excellence. has captivated audiences for decades with his talent and charisma. But, the Leonardo DiCaprio haircut is one aspect of his public persona that has garnered attention. From his early days as a teenage heartthrob to his current status as a seasoned actor and environmental activist. DiCaprio's hairstyles have evolved. reflecting both his personal growth and the changing trends in fashion. This article delves into the many phases of the Leonardo DiCaprio haircut. exploring its significance and impact on pop culture.
Top IPTV UK Providers of A Comprehensive Review.pdfXtreame HDTV
The television landscape in the UK has evolved significantly with the rise of Internet Protocol Television (IPTV). IPTV offers a modern alternative to traditional cable and satellite TV, allowing viewers to stream live TV, on-demand videos, and other multimedia content directly to their devices over the internet. This review provides an in-depth look at the top IPTV UK providers, their features, pricing, and what sets them apart.
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.
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
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.
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.
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.
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.
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 Evolution of the Leonardo DiCaprio Haircut: A Journey Through Style and C...greendigital
Leonardo DiCaprio, a name synonymous with Hollywood stardom and acting excellence. has captivated audiences for decades with his talent and charisma. But, the Leonardo DiCaprio haircut is one aspect of his public persona that has garnered attention. From his early days as a teenage heartthrob to his current status as a seasoned actor and environmental activist. DiCaprio's hairstyles have evolved. reflecting both his personal growth and the changing trends in fashion. This article delves into the many phases of the Leonardo DiCaprio haircut. exploring its significance and impact on pop culture.
Top IPTV UK Providers of A Comprehensive Review.pdfXtreame HDTV
The television landscape in the UK has evolved significantly with the rise of Internet Protocol Television (IPTV). IPTV offers a modern alternative to traditional cable and satellite TV, allowing viewers to stream live TV, on-demand videos, and other multimedia content directly to their devices over the internet. This review provides an in-depth look at the top IPTV UK providers, their features, pricing, and what sets them apart.
Barbie Movie Review - The Astras.pdffffftheastras43
Barbie Movie Review has gotten brilliant surveys for its fun and creative story. Coordinated by Greta Gerwig, it stars Margot Robbie as Barbie and Ryan Gosling as Insight. Critics adore its perky humor, dynamic visuals, and intelligent take on the notorious doll's world. It's lauded for being engaging for both kids and grown-ups. The Astras profoundly prescribes observing the Barbie Review for a delightful and colorful cinematic involvement.https://theastras.com/hca-member-gradebooks/hca-gradebook-barbie/
Orpah Winfrey Dwayne Johnson: Titans of Influence and Inspirationgreendigital
Introduction
In the realm of entertainment, few names resonate as Orpah Winfrey Dwayne Johnson. Both figures have carved unique paths in the industry. achieving unparalleled success and becoming iconic symbols of perseverance, resilience, and inspiration. This article delves into the lives, careers. and enduring legacies of Orpah Winfrey Dwayne Johnson. exploring how their journeys intersect and what we can learn from their remarkable stories.
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Early Life and Backgrounds
Orpah Winfrey: From Humble Beginnings to Media Mogul
Orpah Winfrey, often known as Oprah due to a misspelling on her birth certificate. was born on January 29, 1954, in Kosciusko, Mississippi. Raised in poverty by her grandmother, Winfrey's early life was marked by hardship and adversity. Despite these challenges. she demonstrated a keen intellect and an early talent for public speaking.
Winfrey's journey to success began with a scholarship to Tennessee State University. where she studied communication. Her first job in media was as a co-anchor for the local evening news in Nashville. This role paved the way for her eventual transition to talk show hosting. where she found her true calling.
Dwayne Johnson: From Wrestling Royalty to Hollywood Superstar
Dwayne Johnson, also known by his ring name "The Rock," was born on May 2, 1972, in Hayward, California. He comes from a family of professional wrestlers, with both his father, Rocky Johnson. and his grandfather, Peter Maivia, being notable figures in the wrestling world. Johnson's early life was spent moving between New Zealand and the United States. experiencing a variety of cultural influences.
Before entering the world of professional wrestling. Johnson had aspirations of becoming a professional football player. He played college football at the University of Miami. where he was part of a national championship team. But, injuries curtailed his football career, leading him to follow in his family's footsteps and enter the wrestling ring.
Career Milestones
Orpah Winfrey: The Queen of All Media
Winfrey's career breakthrough came in 1986 when she launched "The Oprah Winfrey Show." The show became a cultural phenomenon. drawing millions of viewers daily and earning many awards. Winfrey's empathetic and candid interviewing style resonated with audiences. helping her tackle diverse and often challenging topics.
Beyond her talk show, Winfrey expanded her empire to include the creation of Harpo Productions. a multimedia production company. She also launched "O, The Oprah Magazine" and OWN: Oprah Winfrey Network, further solidifying her status as a media mogul.
Dwayne Johnson: From The Ring to The Big Screen
Dwayne Johnson's wrestling career took off in the late 1990s. when he became one of the most charismatic and popular figures in WWE. His larger-than-life persona and catchphrases endeared him to fans. making him a household name. But, Johnson had ambitions beyond the wrestling ring.
In the early 20
From Teacher to OnlyFans: Brianna Coppage's Story at 28get joys
At 28, Brianna Coppage left her teaching career to become an OnlyFans content creator. This bold move into digital entrepreneurship allowed her to harness her creativity and build a new identity. Brianna's experience highlights the intersection of technology and personal branding in today's economy.
The Unbelievable Tale of Dwayne Johnson Kidnapping: A Riveting Sagagreendigital
Introduction
The notion of Dwayne Johnson kidnapping seems straight out of a Hollywood thriller. Dwayne "The Rock" Johnson, known for his larger-than-life persona, immense popularity. and action-packed filmography, is the last person anyone would envision being a victim of kidnapping. Yet, the bizarre and riveting tale of such an incident, filled with twists and turns. has captured the imagination of many. In this article, we delve into the intricate details of this astonishing event. exploring every aspect, from the dramatic rescue operation to the aftermath and the lessons learned.
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The Origins of the Dwayne Johnson Kidnapping Saga
Dwayne Johnson: A Brief Background
Before discussing the specifics of the kidnapping. it is crucial to understand who Dwayne Johnson is and why his kidnapping would be so significant. Born May 2, 1972, Dwayne Douglas Johnson is an American actor, producer, businessman. and former professional wrestler. Known by his ring name, "The Rock," he gained fame in the World Wrestling Federation (WWF, now WWE) before transitioning to a successful career in Hollywood.
Johnson's filmography includes blockbuster hits such as "The Fast and the Furious" series, "Jumanji," "Moana," and "San Andreas." His charismatic personality, impressive physique. and action-star status have made him a beloved figure worldwide. Thus, the news of his kidnapping would send shockwaves across the globe.
Setting the Scene: The Day of the Kidnapping
The incident of Dwayne Johnson's kidnapping began on an ordinary day. Johnson was filming his latest high-octane action film set to break box office records. The location was a remote yet scenic area. chosen for its rugged terrain and breathtaking vistas. perfect for the film's climactic scenes.
But, beneath the veneer of normalcy, a sinister plot was unfolding. Unbeknownst to Johnson and his team, a group of criminals had planned his abduction. hoping to leverage his celebrity status for a hefty ransom. The stage was set for an event that would soon dominate worldwide headlines and social media feeds.
The Abduction: Unfolding the Dwayne Johnson Kidnapping
The Moment of Capture
On the day of the kidnapping, everything seemed to be proceeding as usual on set. Johnson and his co-stars and crew were engrossed in shooting a particularly demanding scene. As the day wore on, the production team took a short break. providing the kidnappers with the perfect opportunity to strike.
The abduction was executed with military precision. A group of masked men, armed and organized, infiltrated the set. They created chaos, taking advantage of the confusion to isolate Johnson. Johnson was outnumbered and caught off guard despite his formidable strength and fighting skills. The kidnappers overpowered him, bundled him into a waiting vehicle. and sped away, leaving everyone on set in a state of shock and disbelief.
The Immediate Aftermath
The immediate aftermath of the Dwayne Johnson kidnappin
Leonardo DiCaprio House: A Journey Through His Extravagant Real Estate Portfoliogreendigital
Introduction
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1. Cummings Associates
Projections for the
Likely Gaming Revenues of
Kansas Penn Gaming, LLC
(“Penn Cherokee”)
DRAFT
July 16, 2008
135 Jason Street, Arlington, Massachusetts 02476
Telephone: 781.641.1215 - Fax: 641.0954 - e-mail: cummingsw@aol.com
2. DRAFT
Projections for Likely Gaming Revenues of
Kansas Penn Gaming, LLC (“Penn Cherokee”)
Exhibit 1 presents a full set of Baseline projections (“most likely future” scenario regarding
competition, including other facilities in Kansas) with Penn National’s Cherokee property
highlighted in light yellow. I have developed these projections assuming a representative
selection of facilities in the other gaming zones so as to capture their (very modest) impacts on
each property that I examine here. I have also assumed the specific location and configuration of
the casino proposed by Penn National.
Under this scenario, Penn’s Cherokee County casino is projected to obtain total annual
gaming revenues of $32 million.
As in my previous report, these projections are presented as of “maturity,” a.k.a. “stabilized
operations,” in terms of 2007 dollars. To get to then-year dollars, I would assume escalation of
2.5% per year. This reflects nominal income growth / inflation at two percent per annum plus
adult population growth averaging 0.5% per year.
In 2011, for example, my projections would equate to $35.4 million in gaming win. This
compares with Penn National’s projection of $57.4 million for that year.
A new addition to this type of exhibit is presented at the bottom. On the first line are my
projections for the spending of all the residents of Kansas on gaming, first at Kansas casinos, then
at casinos in other states, and finally in total. The second line indicates the estimated spending of
the residents of other states at the gaming facilities of Kansas. Kansas’s “balance of trade” can
be found by netting the diagonal entries: in this case, $195.9 million spent by Kansans in nearby
states versu $188.9 million spent by others in Kansas, resulting in a net outflow of $7 million
from the State of Kansas.1
Exhibit 2 presents detail for the sources of consumer spending at each facility in Kansas.
Exhibit 3 presents corresponding detail regarding visitation.
Exhibit 4 presents a graphic comparison of my projections versus those of the proponent. I
have inflated my 2007-dollar projections by the aforesaid 2.5% per year, and ignored partial years
of operation.
Exhibit 5 is similar except that my projections have been inflated at the rate that the
proponent assumes for “organic” growth in the outyears. For Penn Cherokee, this appears to be
1
Ignoring, as before, minor amounts spent in Nevada, Atlantic City, on cruise ships, etc. For these
calculations I have also assumed that all the “drive-by” revenues at the facilities on Interstate
Highways derive from the residents of other states, though some portion will indeed likely come from
Kansans.
Cummings Associates
3. DRAFT 2
5%. (I have assumed that the substantial growth between 2011 and 2013 in Penn’s projections is
due to expansions of and enhancements to their facility, though this is not clear. The Morowitz
study appears to assume 900 slot machines throughout this period.)
I have made this additional comparison in order to maximize comparability with the
applicant by removing this source of difference between our projections. I believe, however, that
the 2.5% rate is more appropriate. There are very few markets in the Midwest where total gaming
receipts increased at a greater rate in the good years prior to 2007 without substantial additions to
capacity or major renovations that improved quality. When everything else remained equal, most
markets in the Midwest grew 2-3% per year in the early 00s, so I believe that is the most
reasonable assumption for the future – after we recover from the current recession.
Section A then provides detail regarding my analyses and projections “as was” in 2007, i.e.,
with no change in competition from that year – aside from a representative selection of gaming
facilities elsewhere in Kansas. I think most of the proponents would have assumed some such
competition (which, however, likely had less impact on their projections than it does on mine).
For these projections, I have generally assumed that Camptown is in operation. With an
assumption that its rural location would improve access, my projections for slot win have
increased slightly from my previous estimates. With low margins at that facility, however, its
viability remains in doubt. As before, however, Camptown’s operation is projected to have very
little impact on Penn National’s Cherokee facility – compare Exhibits 1 and C-1.
Section B provides further detail regarding my Baseline projections. It is from this section
that the leading Exhibits 1, 2 and 3 were extracted (duplicated here as B-3, B-3A, and B-3B,
respectively).
Comparisons of various types are presented in Section C. As described above, I have
examined a scenario without Camptown in operartion, which has very little impact on Penn
Cherokee. I have also developed a set of projections for Penn Cherokee’s full Phase N project,
with 1,400 slots, 50 table games (±), and a hotel. And for each proponent, I have matched their
own projections with my model so as to determine the effective “power rating” that they
implicitly assert. As of what looks to me like the first full year of stabilized operations, Harrahs’
slot projections weigh in at 123, Penn Wellington’s at 131, and Marvel’s at 134. These are
unusually high. Penn Cherokee is actually the least aggressive, at 116-126.
Section D presents my “low” projection, and Section E my “high” (formerly “downside”
and “upside,” respectively. I changed the names so as to reduce impressions that they may
represent either a floor or ceiling.)
I also present corresponding detail from the separate slot and table models that combine to
yield my projections in total. The zone in which this disaggregation really matters is here in the
Southeast: I’m projecting table revenues to be strong due to the absence of craps, roulette, and
banked table games at the casinos of Oklahoma. These projections, however, are far less strong
than my preliminary estimates, in which I assumed Oklahoma table players always had to pay an
Cummings Associates
4. DRAFT 3
ante. As we saw at Downstream, that’s not necessarily the case. Downstream (and at least one
other Oklahoma casino) appear to be foregoing the antes in order to build their business. Without
antes, however, these table games truly are loss leaders.
I had also formerly assumed that the table situation in Oklahoma would reduce the power
ratings of their slots by five points when “real” table games appeared in Kansas. I’m now
assuming just two points for this effect.
In sum, my previous conclusions regarding the Southeastern Zone stand: the population in
this area is not large, and there is simply too much competition from nearby casinos in Oklahoma
– now including the Quapaw Downstream facility with roughly 2,000 slot machines – for
substantial gaming revenues to be achieved with ease in Kansas.
Cummings Associates
5. Cummings Associates
Projections for the
Likely Gaming Revenues of
Kansas Penn Gaming, LLC
(“Penn Cherokee”)
Exhibits
DRAFT
July 16, 2008
135 Jason Street, Arlington, Massachusetts 02476
Telephone: 781.641.1215 - Fax: 641.0954 - e-mail: cummingsw@aol.com
6. DRAFT
List of Exhibits
Exhibit
1 Penn Cherokee Baseline
2 Detail for Sources of Consumer Spending
3 Detail for Visitation by Source
4 Penn's Cherokee Projections vs. Cummings's (2.5% escalation)
5 Penn's Cherokee Projections vs. Cummings's (5% escalation)
Section A: "As Was" Projections
A-1 "As Was" 2007 -- Before Any New Facilities
A-2 "As Was" 2007 -- w Potential New Kansas Facilities Elsewhere
A-3 Penn Cherokee "As Was" 2007 (with New Kansas Facilities)
Section B: Baseline (Likely Future) Projections
B-1 Likely Future / Baseline -- with New Facilities Elsewhere
B-2 Likely Future / Baseline -- with New Facilities Elsewhere AND KS
B-2A Detail for Sources of Consumer Spending
B-3 Penn Cherokee Baseline
B-3A Detail for Sources of Consumer Spending
B-3B Detail for Visitation by Source
Section C: Comparative Projections
C-1 Penn Cherokee Without Camptown
C-2 Penn Cherokee with 1,400 Slots (and Hotel etc.)
C-3 Penn Cherokee's Slots and Tables Match Penn's Projections in 2011
C-4 Penn Cherokee's Slots and Tables Match Penn's Projections in 2013 (Phase 1)
C-5 Penn Cherokee's Slots and Tables Match Penn's Projections in 2013 (Phase N)
Section D: "Low" Projections
D Penn Cherokee "Low"
Section E: "High" Projections
E Penn Cherokee "High"
(Similar sets of exhibits follow for slots and tables)
Cummings Associates
7. DRAFT
Exhibit 1: Gaming Revenue Projections ($mn / 2007$)
Penn Cherokee Baseline
# Slots Power Slot Win win/slot/day Total Win
Gaming Facility / Location: Rating ($mn) ($mn)
Woodlands 800 95 $25.3 $87 $25.3
KCK Speedway 3,000 102 $191.8 $175 $233.4
KCK Stateline
KCK Middle
Camptown 600 102 $24.1 $110 $24.1
Penn Cherokee 900 102 $26.1 $79 $32.0
Harrahs Mulvane 2,000 104 $151.3 $207 $174.2
Penn Wellington
Marvel Wellington
Dodge City 800 112 $35.1 $120 $40.0
---------- ---------- ----------
Subtotal Kansas Taxable 8,100 $453.8 $153 $529.1
KCK 7th Street 450 78 $13.8 $84 $13.8
4 Northeast KS Natives 3,293 117 $145.5 $121 $163.2
---------- ---------- ----------
Total Kansas 11,843 $613.0 $142 $706.0
memo: Northeast Zone 3,800 $217.2 $157 $258.8
memo: Southeast Zone 1,500 $50.2 $92 $56.1
memo: South Central Zone 2,000 $151.3 $207 $174.2
Argosy Riverside 1,969 97.2 $113.7 $158 $124.3
IOC KC 1,330 80.9 $56.2 $116 $60.7
Harrahs NKC 1,783 103.5 $131.2 $202 $149.0
Ameristar KC 3,012 98.6 $172.6 $157 $193.6
Sugar Creek
---------- ---------- ----------
Subtotal KCMO 8,094 $473.8 $160 $527.6
Greater KC Total 12,344 $704.7 $156 $800.1
Greater Joplin Total 9,463 $195.9 $57 $210.5
Greater Wichita Total 6,632 $231.4 $96 $257.1
Total Casino Spending: to Kansas to Others Total KS
from Kansas ($mn) $517.2 $195.9 $713.1
from Others ( " ) $188.9
Cummings Associates
10. DRAFT
Cummings Associates
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
11. DRAFT
Cummings Associates
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
12. DRAFT
A. "As Was" Projections
Penn Cherokee
DRAFT
July 16, 2008
Cummings Associates
13. DRAFT
Exhibit A-1: Analysis in Brief ($mn / 2007$)
"As Was" 2007 -- Before Any New Facilities
# Slots Power Slot Win win/slot/day Total Win
Gaming Facility / Location: Rating ($mn) ($mn)
Woodlands
KCK Speedway
KCK Stateline
KCK Middle
Camptown
Penn Cherokee
Harrahs Mulvane
Penn Wellington
Marvel Wellington
Dodge City
---------- ---------- ----------
Subtotal Kansas Taxable 0 $0.0 $0.0
KCK 7th Street
4 Northeast KS Natives 2,693 117 $167.8 $171 $195.1
---------- ---------- ----------
Total Kansas 2,693 $167.8 $171 $195.1
memo: Northeast Zone
memo: Southeast Zone
memo: South Central Zone
Argosy Riverside 1,969 97.2 $164.2 $228 $182.0
IOC KC 1,523 78.9 $77.3 $139 $83.8
Harrahs NKC 1,783 103.5 $175.4 $270 $202.3
Ameristar KC 3,012 98.6 $222.5 $202 $252.6
Sugar Creek
---------- ---------- ----------
Subtotal KCMO 8,287 $639.4 $211 $720.7
Greater KC Total 8,287 $639.4 $211 $720.7
Greater Joplin Total 4,242 $138.8 $90 $145.6
Greater Wichita Total 3,632 $112.3 $85 $116.2
Total Casino Spending: to Kansas to Others Total KS
from Kansas ($mn) $145.1 $377.4 $522.5
from Others ( " ) $50.0
Cummings Associates
14. DRAFT
Exhibit A-2: Gaming Revenue Projections ($mn / 2007$)
"As Was" 2007 -- w Potential New Kansas Facilities Elsewhere
# Slots Power Slot Win win/slot/day Total Win
Gaming Facility / Location: Rating ($mn) ($mn)
Woodlands 800 95 $26.2 $90 $26.2
KCK Speedway 3,000 102 $199.1 $182 $242.1
KCK Stateline
KCK Middle
Camptown 600 104 $30.9 $141 $30.9
Penn Cherokee
Harrahs Mulvane 2,000 104 $158.1 $217 $182.3
Penn Wellington
Marvel Wellington
Dodge City 800 112 $35.7 $122 $40.7
---------- ---------- ----------
Subtotal Kansas Taxable 7,200 $450.0 $171 $522.2
KCK 7th Street
4 Northeast KS Natives 2,693 117 $138.3 $141 $156.6
---------- ---------- ----------
Total Kansas 9,893 $588.3 $163 $678.8
memo: Northeast Zone 3,800 $225.3 $162 $268.4
memo: Southeast Zone 600 $30.9 $141 $30.9
memo: South Central Zone 2,000 $158.1 $217
Argosy Riverside 1,969 97.2 $117.8 $164 $128.6
IOC KC 1,523 78.9 $59.6 $107 $64.1
Harrahs NKC 1,783 103.5 $135.7 $209 $154.0
Ameristar KC 3,012 98.6 $178.0 $162 $199.6
Sugar Creek
---------- ---------- ----------
Subtotal KCMO 8,287 $491.1 $162 $546.3
Greater KC Total 12,087 $716.4 $162 $814.7
Greater Joplin Total 4,842 $157.9 $89 $164.1
Greater Wichita Total 5,632 $234.3 $114 $261.0
Total Casino Spending: to Kansas to Others Total KS
from Kansas ($mn) $518.9 $193.5 $712.4
from Others ( " ) $159.8
Cummings Associates
15. DRAFT
Exhibit A-3: Gaming Revenue Projections ($mn / 2007$)
Penn Cherokee "As Was" 2007 (with New Kansas Facilities)
# Slots Power Slot Win win/slot/day Total Win
Gaming Facility / Location: Rating ($mn) ($mn)
Woodlands 800 95 $26.2 $90 $26.2
KCK Speedway 3,000 102 $198.8 $182 $240.9
KCK Stateline
KCK Middle
Camptown 600 102 $28.0 $128 $28.0
Penn Cherokee 900 102 $41.3 $126 $49.9
Harrahs Mulvane 2,000 104 $158.1 $217 $181.7
Penn Wellington
Marvel Wellington
Dodge City 800 112 $35.7 $122 $40.6
---------- ---------- ----------
Subtotal Kansas Taxable 8,100 $488.1 $165 $567.3
KCK 7th Street
4 Northeast KS Natives 2,693 117 $138.2 $141 $156.1
---------- ---------- ----------
Total Kansas 10,793 $626.3 $159 $723.4
memo: Northeast Zone 3,800 $225.0 $162 $267.1
memo: Southeast Zone 1,500 $69.4 $127 $77.9
memo: South Central Zone 2,000 $158.1 $217 $181.7
Argosy Riverside 1,969 97.2 $117.6 $164 $128.3
IOC KC 1,523 78.9 $59.6 $107 $64.1
Harrahs NKC 1,783 103.5 $135.6 $208 $153.5
Ameristar KC 3,012 98.6 $177.7 $162 $198.9
Sugar Creek
---------- ---------- ----------
Subtotal KCMO 8,287 $490.5 $162 $544.8
Greater KC Total 12,087 $715.5 $162 $811.8
Greater Joplin Total 5,742 $180.5 $86 $195.0
Greater Wichita Total 5,632 $234.5 $114 $260.6
Total Casino Spending: to Kansas to Others Total KS
from Kansas ($mn) $524.7 $189.4 $714.1
from Others ( " ) $198.7
Cummings Associates