Georgia Gaming Market Assessment - Pennsylvania Treasury

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The following table shows the rates for propensity, frequency, and win per visit by market area that were used to re-create the actual conditions in the Base 2010 model. Win has been varied based on differences between market areas in average household income and travel time. Not reflected in the following table are adjustments to average WPV for individual facilities to reflect such differences in WPV resulting at slot-only casinos, which tend to have lower-than-average WPV and destination resorts which tend to have higher WPV. Participation Rates Base 2010 Propensity Frequency Win per Visit Philadelphia 36.5% 12.3 $70.00 Atlantic City 42.0% 14.0 $66.00 Bethlehem 35.0% 12.0 $68.00 Central NJ 34.0% 10.3 $84.00 Newark 33.0% 9.5 $85.00 New York 29.5% 7.0 $80.00 Reading 32.0% 10.0 $74.00 Chambersburg-York 30.0% 9.2 $63.00 DelMar 37.0% 13.0 $70.00 Maryland 28.5% 7.0 $83.00 Harrisburg 35.0% 12.0 $63.00 Central South 29.0% 9.0 $61.00 Poconos 40.0% 13.5 $62.00 Catskills 30.0% 12.0 $68.00 Williamsport 28.0% 8.0 $62.00 Central North 24.0% 6.0 $62.00 Altoona 24.0% 6.0 $62.00 Pittsburgh Sec East 29.0% 9.0 $63.00 Pittsburgh 38.0% 12.0 $68.00 WV Primary 37.0% 12.0 $58.00 WV Secondary 32.0% 10.5 $60.00 Erie 40.0% 13.5 $61.00 Erie Secondary 35.0% 11.0 $63.00 Ohio Tertiary 28.5% 8.0 $72.00 Cleveland 27.0% 7.8 $78.00 Newcastle 30.0% 10.0 $66.00 Salamanca 40.0% 13.5 $61.00 The following table shows gravity model gaming visits and revenues for the base calibration: The Innovation Group Project #054-11 August 2011 Page 73
Gravity Model Calibration Base 2010 Gamer Visits Win per Visit <strong>Gaming</strong> Revenue (MMs) Philadelphia 16,011,781 $72.26 $1,156.9 Atlantic City 5,522,107 $71.29 $393.7 Bethlehem 2,866,332 $69.55 $199.4 Central NJ 4,042,455 $89.13 $360.3 Newark 13,720,764 $88.49 $1,214.2 New York 13,173,150 $83.52 $1,100.3 Reading 2,474,250 $75.97 $188.0 Chambersburg-York 1,830,263 $64.33 $117.7 DelMar 5,788,938 $70.86 $410.2 Maryland 11,961,922 $85.29 $1,020.2 Harrisburg 2,883,189 $63.29 $182.5 Central South 192,324 $62.73 $12.1 Poconos 3,816,974 $61.88 $236.2 Catskills 2,013,757 $68.52 $138.0 Williamsport 543,737 $64.39 $35.0 Central North 227,356 $62.11 $14.1 Altoona 585,063 $62.36 $36.5 Pittsburgh Sec East 1,354,605 $64.01 $86.7 Pittsburgh 5,912,223 $69.67 $411.9 WV Primary 855,212 $58.12 $49.7 WV Secondary 531,060 $60.37 $32.1 Erie 1,394,176 $61.05 $85.1 Erie Secondary 944,391 $63.32 $59.8 Ohio Tertiary 2,107,824 $72.14 $152.1 Cleveland 2,608,077 $78.04 $203.5 Newcastle 1,188,862 $66.58 $79.1 Salamanca 1,006,400 $60.55 $60.9 Total 105,557,192 $76.13 $8,036.1 The table on the following page shows gravity model revenues by market area and out-of-market revenues for <strong>Pennsylvania</strong> facilities for the base calibration 2010: The Innovation Group Project #054-11 August 2011 Page 74
Page 2 and 3:
Pennsylvania Statewide Gaming Marke
Page 4 and 5:
INTRODUCTION The Innovation Group w
Page 6 and 7:
ECONOMIC AND DEMOGRAPHIC ANALYSIS A
Page 8 and 9:
Pennsylvania Total Population Regio
Page 10 and 11:
$54,000 $52,000 $50,000 $48,000 $46
Page 12 and 13:
Employment Employment is a signific
Page 14 and 15:
Impact of Recession: Regional vs. N
Page 16 and 17:
are the only private companies in t
Page 18 and 19:
Pennsylvania Wilds Vineyards, the L
Page 20 and 21:
PENNSYLVANIA GAMING This section su
Page 22 and 23:
Harrah’s Chester has become the s
Page 24 and 25:
Philadelphia Market The following s
Page 26 and 27: for 1,700 cars. The first phase ope
Page 28 and 29: Mt. Airy Mount Airy Casino Resort i
Page 30 and 31: Western Region The Western Region c
Page 32 and 33: The Rivers The Rivers Casino is loc
Page 34 and 35: HISTORICAL SLOTS TRENDS AND SATURAT
Page 36 and 37: Number of Machines 30,000 25,000 20
Page 38 and 39: Number of Machines 25,000 20,000 15
Page 40 and 41: Slot Revenue ($MM) $1,000 $900 $800
Page 42 and 43: Slot Revenue ($MM) $700 $600 $500 $
Page 44 and 45: Western Region Presque Isle was the
Page 46 and 47: Pittsburgh Market The Pittsburgh Ma
Page 48 and 49: Population/Slot Supply Ratios Adult
Page 50 and 51: Statewide Machine Development: 2003
Page 52 and 53: Eastern Region Performance: 2003 Re
Page 54 and 55: Poconos+BethSands: 2003 Report vs.
Page 56 and 57: With an aggressive marketing and bu
Page 58 and 59: Atlantic City currently offers appr
Page 60 and 61: number of slots from 1998 to 2008,
Page 62 and 63: to include a minimum of three games
Page 64 and 65: Yonkers Gaming Performance Year Rev
Page 66 and 67: Hollywood Casino and Ocean Downs Cu
Page 68 and 69: West Virginia Statewide Table Perfo
Page 70 and 71: Poker Revenue West Virginia Table P
Page 72 and 73: gamer visits thus generated are the
Page 74 and 75: The Innovation Group Project #054-1
Page 78 and 79: Baseline 2010 ($MMs) Eastern Alt. S
Page 80 and 81: 2014 Status Quo ($MMs) Eastern Alt.
Page 82 and 83: The table on the following page sho
Page 84 and 85: Location Alternatives As shown on t
Page 86 and 87: limited individual potential, its i
Page 88 and 89: • LARGE o $250.0 million + in gam
Page 90 and 91: These were then input into a financ
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Georgia Gaming Market Assessment - Pennsylvania Treasury

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