Georgia Gaming Market Assessment - Pennsylvania Treasury

3. The bidder would have to provide information about the ownership structure,
management structure, financing plans, master planning and economic impacts.
Currently this bill is still in committee and has not reached the House or Senate floor for a vote.
In addition, legislation has also been introduced in the Senate that would permit the Category 2
license that has not been issued in Philadelphia available for issuance in any other area of the
Commonwealth. The Senate legislation does not contain the House bill’s bidding process,
subjecting the license to the existing statutory tax and fee structure.
Poconos Market
The Poconos market is part of the larger Eastern Region and includes The Mohegan Sun at
Pocono Downs and Mt. Airy Casino and Resort. Each facility’s performance is measured in the
tables below since 2006 through the first four months of 2011, with a comparison to the first four
months of 2010.
Mohegan Sun
Mohegan Sun is a horse track racino in Wilkes-Barre easily accessible from I-81. The racino is
less than 15 minutes away from the Wilkes-Barre/Scranton International Airport. Mohegan Sun
opened in November 2006 with approximately 1,100 slot machines. The facility now offers over
2,300 slot machines, over 80 table games, 11 dining options, 2 bars, retail, and a radio station.
Mohegan also offers live music at each of its bars and an outdoor summer concert series.
Mohegan saw an increase in total revenue in 2010 of nearly $23 million over 2009. Unlike the
other area facilities, Mohegan’s slot revenue rose year-over-year, generating approximately $225
million in 2010. Total revenue, through the first 4 months, is up 21.5% in 2010 as well.
Mohegan’s historical performance is shown in the table below.
Year Slot Revenue Slots Win Per
Slot
Mohegan Sun Historical Performance
Tables Table Revenue Win Per
Table
Total
Revenue
2006 $21,655,033 1,099 $378.93 0 $0 $0 $21,655,033 $378.93
2007 $175,503,593 1,170 $410.82 0 $0 $0 $175,503,593 $410.82
2008 $185,583,564 1,798 $281.94 0 $0 $0 $185,583,564 $281.94
2009 $220,808,247 2,466 $245.28 0 $0 $0 $220,808,247 $245.28
2010 $224,762,570 2,350 $262.02 78 $18,453,735 $1,539.74 $243,216,305 $236.28
Jan 2011 $18,059,542 2,466 $236.26 84 $3,293,804 $1,264.90 $21,353,346 $231.94
Feb 2011 $18,278,684 2,464 $264.89 84 $3,120,315 $1,326.66 $21,398,999 $257.46
Mar 2011 $20,191,117 2,356 $276.45 84 $3,446,784 $1,323.65 $23,637,900 $266.61
Apr 2011 $20,280,016 2,331 $290.05 84 $3,615,084 $1,434.56 $23,895,100 $280.99
Jan-Apr 2010 $74,273,426 2,370 $262.20 0 $0 $0.00 $74,273,426 $262.20
Jan-Apr 2011 $76,809,359 2,404 $266.92 84 $13,475,986 $1,337.44 $90,285,345 $259.25
% Change 10-11 3.41% 1.46% 1.80% N/A N/A N/A 21.56% -1.12%
Source: Pennsylvania Gaming Control Board; Innovation Group
The Innovation Group Project #054-11 August 2011 Page 24
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