Georgia Gaming Market Assessment - Pennsylvania Treasury

Western Region Performance: 2003 Report vs. 2010 Actuals
Projected 2006 Actual 2010* Difference
Slot Revenues $636,304,995 $693,663,949 9.0%
# of Slots 7,500 8,467 12.9%
# of Facilities 3 3 0.0%
WPU $232 $224 -3.4%
Source: PGCB; Innovation Group. *Note: Pittsburgh annualized based on most recent performance (Jan-April)
The Pittsburgh market is within 0.1% of projected revenues, based on an annualized adjustment
reflecting recent improved performance at the Rivers (January-April 2011). Supply is higher by
nearly 500 machines or 7.8%.
Pittsburgh Area Performance: 2003 Report vs. 2010 Actuals
Projected 2006 Actual 2010* Difference
Slot Revenues $522,514,421 $523,276,701 0.1%
# of Slots 6,000 6,469 7.8%
# of Facilities 2 2 0.0%
WPU $239 $222 -7.1%
Source: PGCB; Innovation Group. *Note: Annualized based on most recent performance (Jan-April)
Within the Pittsburgh market, the Meadows as a result of its earlier opening and larger build-out
has grabbed control of a larger market share than projected, leading to larger revenues at The
Meadows and smaller revenues in downtown Pittsburgh than projected.
The Meadows Performance: 2003 Report vs. 2010 Actuals
Projected 2006 Actual 2010* Difference
Slot Revenues $153,329,630 $249,148,627 62.5%
# of Slots 2,000 3,549 77.4%
# of Facilities 1 1 0.0%
WPU $210 $192 -8.4%
Source: PGCB; Innovation Group. *Note: Annualized based on most recent performance (Jan-April)
The Rivers Performance: 2003 Report vs. 2010 Actuals
Projected 2006 Actual 2010* Difference
Slot Revenues $369,184,791 $274,128,075 -25.7%
# of Slots 4,000 2,920 -27.0%
# of Facilities 1 1 0.0%
WPU $253 $257 1.7%
Source: PGCB; Innovation Group. *Note: Annualized based on most recent performance (Jan-April)
The Innovation Group Project #054-11 August 2011 Page 52