Georgia Gaming Market Assessment - Pennsylvania Treasury

and Pittsburgh. Presque Isle has seen total revenue increase nearly 13% through the first four
months of 2011. Presque Isle’s performance is shown below.
Presque Isle Historical Performance
Year Slot Slots Win Per Tables Table Revenue Win Per Table Total Revenue WPP
Revenue
Slot
2007 $142,182,554 1,996 $230.49 0 $0 $0 $142,182,554 $230.49
2008 $164,475,937 1,997 $225.03 0 $0 $0 $164,475,937 $225.03
2009 $166,701,204 1,995 $228.92 0 $0 $0 $166,701,204 $228.92
2010 $170,387,248 1,998 $233.61 48 $9,830,182 $1,338.53 $180,217,430 $215.97
Jan 2011 $11,476,857 2,028 $182.56 48 $1,726,388 $1,160.21 $13,203,245 $183.90
Feb 2011 $13,159,289 2,030 $231.53 48 $1,485,535 $1,105.31 $14,644,824 $225.65
Mar 2011 $14,707,915 2,029 $233.83 48 $1,797,930 $1,208.29 $16,505,845 $229.80
Apr 2011 $15,054,165 2,006 $250.16 48 $1,744,301 $1,211.32 $16,798,465 $244.10
Jan-Apr 2010 $54,161,589 1,997 $225.92 0 $0 $0.00 $54,161,589 $225.92
Jan-Apr 2011 $54,398,226 2,023 $224.52 48 $6,754,153 $1,171.28 $61,152,379 $220.86
% Change 10-11 0.44% 1.29% -0.62% N/A N/A N/A 12.91% -2.24%
Source: Pennsylvania Gaming Control Board; Innovation Group
New Castle Market
Valley View Downs
In October 2010, American Harness Tracks of Pittsburgh won the bid to purchase Valley View
Downs from Indiana based Centaur, through a bankruptcy auction. American Harness is in the
application process to the state racing commission for the racing license, which was held by
Centaur since 2007, and is in negotiations to finance the project, but does not have a timetable in
place to open the facility or even start construction. The Pennsylvania Harness Racing
Commission has created a deadline of September 12, 2011 for the developers to raise $150
million in financing for the racetrack in order to keep their racing license.
The Innovation Group Project #054-11 August 2011 Page 30