RubinBrown Gaming Stats 2011

Oklahoma Indian Gaming Analysis - continued

Oklahoma’s revenues are expected to remain relatively flat, while the state gaming revenue contributions increased by 12.0%. Focusing on the individual tribes, the Chickasaw, Choctaw, Cherokee, and Muscogee tribes paid 65.1% of the total gaming revenue contributions paid by Oklahoma tribes, equaling $76.9 million in state gaming revenue contributions. The other 26 tribes contributed the remaining 35%, equaling $41.2 million. Of the top four contributing tribes, the Chickasaw and Muscogee saw double digit increases in total gaming contributions.

Growth in Oklahoma State Gaming Contributions

$140M

$120M

$100M

$80M

$60M

$40M

$20M

$0

2005

2006

2007

2008

2009

2010

Percentage of Growth in Oklahoma Gaming

Growth in Gaming Revenues

Growth in State Gaming Contributions

FY 2006 FY 2007 FY 2008 FY 2009 FY 2010*

22.9% 20.1% 19.4%

521.2% 229.0% 73.9% 29.7%

While the state’s revenues are dominated by four primary tribes, the Oklahoma industry is reaching a saturation point with a total of 30 tribes and 105 casinos. In order to compete and continue to grow market share, tribes are looking for ways to innovate. Each year, tribes are unveiling new or remodeled facilities as they vie for patron loyalty. Some of the most notable new facilities in recent years include the following: • The Choctaw Casino and Resort in Durant Oklahoma opened in February 2010. • The Muscogee Creek Tribe opened River Spirit located near Tulsa, Oklahoma in March 2009. • The Quopaw Tribe opened the Downstrem Casino Resort located in the Oklahoma, Kansas, Missouri tri-state area in July 2008. While tribes look to innovate within Oklahoma, other tribes have increased efforts to expand their gaming operations across borders. In 2010, the Wyandotte Nation continued its efforts to expand its gaming operations in Kansas as the tribe seeks the Department of Interior’s approval to place land near Wichita, Kansas into trust. Meanwhile, the Chickasaw Nation has pursued the expansion of commercial gaming through its Global Gaming Solutions business. In 2010, Global Gaming LLC competed for the South Central Kansas casino license and in 2009 they acquired Remington Park, a pari-mutuel horse racing facility located in Oklahoma City.

5.8%

0.0 - 4.0% 12.0% Note: The 2010 growth in gaming revenues is an estimated figure based on overall industry trends and development within Oklahoma.

45 | Raise Your Expectations