Georgia Gaming Market Assessment - Pennsylvania Treasury

More documents

Recommendations

Info

Location Alternatives As shown on the market area map, the following locations were assessed for gross gaming revenue potential as well as net increase to statewide gaming revenues. The results are mutually exclusive among the alternative locations within each region. Eastern Region Options • Foxwoods Site • City Line • Port Jervis • Reading • South York • Chambersburg Western Region Options • Valley View Site • Beaver Valley Central Region Options • Altoona • Johnstown • Williamsport Eastern Region In the Eastern Region, the location with the greatest potential to increase statewide revenues is South York, followed by Reading and Chambersburg. Although the two Philadelphia locations have the highest potential for facility revenue, a large part of that individual potential would come at the expense of existing Philadelphia area casinos, therefore resulting in a smaller net gain statewide. Eastern Region Alternatives Foxwoods Site W. Philadelphia/ City Line Chambersburg Port Jervis Reading South York Facility Gaming Revenue Potential Net Gain to Statewide $269,055,615 $290,963,358 $128,230,277 $130,129,344 $191,965,764 $219,967,105 Gaming Revs $89,962,999 $98,426,896 $106,590,390 $95,559,531 $124,753,207 $153,986,599 The Innovation Group Project #054-11 August 2011 Page 81
Western Region In the Western Region, the location with the greatest potential to increase statewide revenues is Valley View. Beaver Valley would face more competition from the Rivers and the Meadows. Western Region Alternatives: Ohio Stand-alone Casinos Only Valley View Beaver Valley Facility Gaming Revenue Potential $160,166,350 $144,656,335 Net Gain to Statewide Gaming Revs $122,654,551 $98,267,161 However, the Western Region faces the threat of additional competition in Ohio, particularly the possibility of a racino in Youngstown, which would be Valley View’s primary feeder market. A racino in Youngstown 4 would reduce Valley View’s net contribution to the Commonwealth by approximately one-third. Valley View Impact of Ohio Racinos (Youngstown Scenario) Valley View Facility Gaming Revenue Potential $109,340,669 Net Gain to Statewide Gaming Revs $83,394,882 Central Region In the Central Region, the location with the greatest potential to increase statewide revenues is Altoona. Johnstown’s greater proximity to the Meadows and the Rivers limits its revenue and impact potential, and Williamsport has a very small local market in addition to facing competition by Mohegan Sun and Penn National for more distant markets. Although Altoona has 4 The re-location of Toledo’s Raceway Park to Youngstown still requires approval by the Ohio racing commission, and a yet-to-be-determined transfer fee may limit the viability of the move. Regardless, two racetracks in the southeastern suburbs of Cleveland would also have significant impact on Valley View in the absence of Youngstown. The Innovation Group Project #054-11 August 2011 Page 82
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 76 and 77: The following table shows the rates
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 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
show all

Georgia Gaming Market Assessment - Pennsylvania Treasury

Create successful ePaper yourself

Delete template?

Save as template?