RubinBrown Gaming Stats 2012

Commercial GamingHeadlines

Maryland Casino at Ocean Downs opened its doors to the public on January 4, 2011. The casino has a 34,000 square foot casino floor with 750 slot machines. The property also has an entertainment facility and seasonal racing at its Ocean Downs Racetrack. Proposal on Baltimore casino proceeds. Caesars Entertainment and Rock Gaming LLC submitted a proposal to build a $310 million casino near downtown Baltimore. The proposed casino includes 3,750 slot machines, multiple restaurants and a 4,000 car parking facility. The proposed casino is anticipated to be approved during the first half of 2012.

Michigan Greek town becomes a permanent facility in 2011 with the grand opening of the first phase of remodeling. The renovation included a 10,000 square foot “super pit”, the Fringe bar, VIP promotions area, cage and club booth. The casino will also be breaking ground on a new 850 car parking facility early 2012. Three of five board members retired from the Michigan Gaming Control Board in December 2011. On December 31, 2011, three of the five board member positions were vacant as two board members retired after their terms expired and one board member retired a year early. The new board members will face increased challenges in 2012 with the Detroit economy continuing to suffer and increased competition from commercial gaming in Toledo, Ohio.

Mississippi Flooding of the Mississippi River in May 2011 cost the Tunica casinos approximately $87 million in lost revenues. The Tunica Convention and Visitors Authority estimated the flood also cost the state $7 million in lost gaming tax revenue. The casinos resumed business within a month of the flood. Margaritaville Resort Casino secured financing for the $197 million project and will begin construction in 2012. The 30,000 square foot gaming floor consisting of 1,300 slot machines and 46 tables games was approved in November 2011 and is scheduled to open in June of 2013. The casino will also offer a 396 room hotel, entertainment venue and trademark Margaritaville Restaurant.

11 RubinBrown - Commercial & Tribal Gaming Stats 2012