RubinBrown Gaming Stats 2011

Regional Comparison – continued

Regional Patron and Casino Win Analysis Overall, the region saw 463,279 (0.6% increase) more patrons in 2010 as compared to 2009. Market share remained relatively stable across all states, with Indiana and Missouri increasing patron admissions. Looking at the individual markets, the St. Louis, Missouri market saw the largest increase in patrons, gaining 1.6 million more patrons in 2010. The market increase is attributed to the addition of a new property that lured patrons away from the two St. Louis, Illinois properties. In 2010, Iowa was the only state to increase the average casino win per patron, increasing from $58.09 in 2009 to $59.29 in 2010. Illinois was able to produce constant returns as the win per patron of $99.10 was the same as

last year. Meanwhile, the two states that saw increases in patrons experienced a decline in casino win per patron. Indiana recorded the largest percentage decrease of 1.68%. The state tax per patron varied with Illinois and Indiana benefitting the most from having the highest effective tax rates in the region. Overall, the regional gaming outlook remains positive with aggregate patrons and revenues increasing in 2010. With the continued economic recovery and ongoing expansion of gaming in Illinois, Iowa, and Missouri, it is anticipated that regional gaming will continue to grow in the coming years.

Regional – Patrons & Adjusted Gross Receipts

# of Casinos

Patrons

% of Total Patrons

Adjusted Gross Receipts

% of Total AGR

Illinois

Chicago Vicinity St. Louis Vicinity

4 2 3 9

7,090,487 3,081,170 3,662,577 13,834,234

8.5% $857,949,000 3.7% $205,801,000 4.4% $307,196,000 16.6% $1,370,946,000

13.3%

3.2% 4.8%

Other Communities

Illinois Total

21.3%

Indiana

Chicago Vicinity

5 3 3

14,761,173 4,864,061 6,919,393 26,544,627 6,518,008 3,027,416 6,139,624 15,685,048

17.7% $1,198,866,982 5.8% $473,419,173 8.3% $676,165,015 31.8% $2,348,451,170 7.8% $429,380,731 3.6% $175,240,485 7.4% $325,411,495 18.8% $930,032,711

18.6%

Southern Communities Ohio River Communities

7.4%

10.5% 36.5%

Indiana Total

11

Iowa Metropolitan Communities Mississippi River Communities

5 4 5

6.7% 2.7% 5.1%

Central Iowa Communities

Iowa Total

14

14.4%

Missouri

Kansas City Vicinity St. Louis Vicinity Other Communities

4

10,506,998 13,984,552 2,860,884 27,352,434

12.6% $714,140,125 16.8% $880,282,035 3.4% $193,492,881 32.8% $1,787,915,041

11.1% 13.7%

4*

4

3.0%

Missouri Total

12

27.8%

Region Total 100% *The Missouri St. Louis Vicinity operated with 5 casinos from March through June 2010, as River City Casino opened in March and the President Casino was closed in June 2010. 46 83,416,343 100% $6,437,344,922

11 | Raise Your Expectations