Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
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Western Region<br />
In the Western Region, the location with the greatest potential to increase statewide revenues is<br />
Valley View. Beaver Valley would face more competition from the Rivers and the Meadows.<br />
Western Region Alternatives: Ohio Stand-alone Casinos Only<br />
Valley View Beaver Valley<br />
Facility <strong>Gaming</strong><br />
Revenue<br />
Potential $160,166,350 $144,656,335<br />
Net Gain to<br />
Statewide<br />
<strong>Gaming</strong> Revs $122,654,551 $98,267,161<br />
However, the Western Region faces the threat of additional competition in Ohio, particularly the<br />
possibility of a racino in Youngstown, which would be Valley View’s primary feeder market. A<br />
racino in Youngstown 4 would reduce Valley View’s net contribution to the Commonwealth by<br />
approximately one-third.<br />
Valley View Impact of Ohio Racinos (Youngstown Scenario)<br />
Valley View<br />
Facility <strong>Gaming</strong><br />
Revenue<br />
Potential $109,340,669<br />
Net Gain to<br />
Statewide<br />
<strong>Gaming</strong> Revs $83,394,882<br />
Central Region<br />
In the Central Region, the location with the greatest potential to increase statewide revenues is<br />
Altoona. Johnstown’s greater proximity to the Meadows and the Rivers limits its revenue and<br />
impact potential, and Williamsport has a very small local market in addition to facing<br />
competition by Mohegan Sun and Penn National for more distant markets. Although Altoona has<br />
4 The re-location of Toledo’s Raceway Park to Youngstown still requires approval by the Ohio racing commission,<br />
and a yet-to-be-determined transfer fee may limit the viability of the move. Regardless, two racetracks in the<br />
southeastern suburbs of Cleveland would also have significant impact on Valley View in the absence of<br />
Youngstown.<br />
The Innovation Group Project #054-11 August 2011 Page 82