Commercial Casino Racino Gaming Revenue Analysis

The Arizona Gaming Division reported that its contribution based on leveling game revenue from 23 state-of-the-art Indian gamin casinos declined quarterly in 2008 compared to the previous year. It decreased by 0.8% in the first quarter, 7.5% in the second quarter, 9.5% in the third quarter and 16.1% in the fourth quarter.

Some of India's gambling features reporting to the Securities and Exchange Commission have reported similar declines. Seneca Gaming, which operates three Tier 3 casinos in northern New York, saw game revenues grow by about 2% in the 2008 calendar year, but fell 8.7% in the third quarter to nearly 10%. I reported that there was a decrease. Fourth quarter. The 2008 quarter compared to 2007. The trend in gambling income in nearby Niagara Falls, Ontario was 1.5% in 2008 compared to 2007.

It was a mixture of state lottery games across the country. The North American State and Territory Lottery Association reported that sales of US lottery games in 2008 totaled $ 60.6 billion, up 3% from the previous year. However, some jurisdictions have reported declines, especially in California, where a decline of 8% was seen. Given that some of this data is at multiple fiscal year-ends, the data does not appear to reflect the impact of Q3 and / or Q4 results.

Total horse racing revenues continue to plummet, from $ 14.7 billion in 2007 to $ 13.7 billion in 2008, down 7%, according to data provided by Equibase.

Newly planned and proposed extensions

As mentioned above, it is the new state of gambling that has generated much of the casino / lacino's annual revenue over the years, and its impact may continue in the near future.

Florida

Voters in Miami Dade have approved a vote allowing up to 2,000 slot machine casino facilities for each of the three bonuses. Flagler Dog Track and Miami Jay Alai are reportedly scheduled to open in late 2009 or early 2010, but Calders' Miami Gardens facility has not yet announced plans. Several other proposals are under consideration to extend the scope of casino development throughout the state.

Illinois

The state finally succeeded in reissuing the tenth license in late December 2008. Awarded to Midwest

isamuseum Gaming & Entertainment, LLC for over 1,200 casino games in Des Plaines, East O'Hare. It is unlikely that the new facility will open until 2010. Neither initiative seems to be strong at the moment, but there was also debate about allowing location-based gaming sites and racetracks to open.

KS

The state's extended draw program, which allows the development of four areas of casino games and slot machines with existing horse and dog trucks, has only one facility currently under construction and three more proposals have been discarded. It looks like you're stuck. The only bidder on the Cherokee County deal said it was unable to compete with Oklahoma's new Kuapo Tribal Casino. Oklahoma is very close to the state border and parking is in Kansas. Dodge City's Boot Hill Casino Resort will open in December 2009 with 575 slot machines and 10 table games, and in 2011 it will open Phase 2 with 875 slot machines and 20 table games. It's a schedule. The country has extended the application process for the other three regions until April 2009.

Kentucky

While many "operations" are still underway, the prospects for as many as eight slot machines and Racinos appear to be in the limelight again, but may not be resolved by the current legislative assembly.

Las Bigas

With approximately 14,000 rooms scheduled to come online in 2009, the latest is Henderson's 390-room M Resort. Expansion is underway at both Caesar Palace and Hard Rock. The new hotel includes two components: the CityCenter project and Fontainebleau.

Louisiana

Pinnacle Entertainment's new casino development projects at Baton Rouge and Lake Charles are delayed, but are scheduled to open this year and / or early 2010.

WHO

A bill that could double Pennation's slot machines to 3,000 and a proposal to remove restrictions on placing slot machines within 5 meters are under consideration.

Rob dAVIS