RubinBrown Gaming Stats 2019

COMMERCIAL GAMING SOUTH REGION

$11.0B $9.0B $10.0B $8.0B $12.0B $14.0B $13.0B

25 OPS 75 OPS 50 OPS 125 OPS 100 OPS 150 OPS 175 OPS 200 OPS 250 OPS 275 OPS 225 OPS 300 OPS 325 OPS 375 OPS 350 OPS

NO. CASINO OPERATIONS

$0.0B $4.0B $3.0B $2.0B $1.0B $5.0B $6.0B $7.0B

GAMING REVENUES

$5.53B

$5.28B

$5.27B

$5.20B

$5.19B

$5.14B

$5.09B

$5.08B

$5.05B

$5.04B

$5.00B

56

56

56

56

55

55

54

53

53

52

51

2008

2009

2010

2016

2017

2018

2011

2012

2013

2014

2015

REVENUE FROM ELECTRONIC GAMING DEVICES 85.7% REVENUE FROM TABLE GAMES 14.0% REVENUE FROM SPORTS WAGERING 0.3%

12.8% COMMERCIAL GAMING REVENUES

GAMING REVENUE $5.27B

GAMING REV $1.22

$104.84M VERAGE REVENUE PER CASINO

$94.16M AVERAGE REVENUE PER CASINO

56

CASINO OPERATIONS

1.7%

6.6% OF ALL GAMING REVENUES

TOP 8 SOUTH REGION MARKETS (revenue increased in 6 of 8 markets in 2018)

The South region remained relatively steady in 2018, with a 1.7% increase in gaming revenues. All three states within the region posted revenue increases. While year-over-year revenue gains were posted, the Baton Rouge market continues to bring the region down. In 2018, the Baton Rouge gaming market saw revenues decline by 14.8% and in December 2018 the market posted its sixteenth-consecutive month of year-over-year revenue declines. The decline in the Baton Rouge market is being attributed the pro-longed effects of the historic 2016 floods and the declining population base. Mississippi Introduced Sports Wagering: Mississippi was one of the quickest states to respond to the U.S. Supreme Court’s decision that overturned PASPA. By August 2018, the State successfully legalized, regulated, and began offering sports wagering. However, unlike other states that legalized sports wagering, the industry is limited to retail only transactions, whereby a patron must physically go to a casino’s sports book to place a bet. With this limitation, $15.2 million was still generated from sports wagering. Most notably, since casinos began accepting sports wagers, the industry experienced a 6.3% increase in year-over-year gaming revenue (August – December). This boost further supports the belief that sports wagering is another casino amenity that will drive growth in other areas of the casino. Florida’s Racetracks Casinos Led the Region: The Florida racetrack casino industry posted revenue growth of 4.1% in 2018. However, revenues could have been higher had the State been operating at full capacity. In late 2017, Hurricane Irma devastated the Mardi Gras Casino in Hallandale Beach, requiring the casino to undergo a complete remodel. The damage was so severe, the casino was not up and running until May 2018, at which time only half of the pre-existing casino was reopened. Without this negative impact, the State likely would have seen revenue growth of 6.5%.

BILOXI, MS

BLACKHAWK, CO

3 NATIONAL RANK

# 11 NATIONAL RANK

GAMING REVENUE $851.99M

3.6%

LAKE CHARLES, LA

NEW MEXICO RACINOS

6 NATIONAL RANK

# 15 NATIONAL RANK

GAMING REVENUE $753.83M

4.7%

OKLAHOMA RACINOS

SHREVEPORT / BOSSIER CITY, LA

8 NATIONAL RANK

# 16 NATIONAL RANK

GAMING REVENUE $677.13M

-0.3%

CRIPPLE CREEK, CO

TUNICA / LULA, MS

12 NATIONAL RANK

# 20 NATIONAL RANK

GAMING REVENUE $589.50M

1.1%

MIAMI / FT. LAUDERDALE, FL

CENTRAL CITY, CO

# 23 NATIONAL RANK

14 NATIONAL RANK

GAMING REVENUE $569.02M

4.1%

NEW ORLEANS, LA

21 NATIONAL RANK

# 24 NATIONAL RANK

GAMING REVENUE $562.43M

0.7%

BAY ST. LOUIS / GULFPORT, MS

26 NATIONAL RANK

# 29 NATIONAL RANK

GAMING REVENUE $406.36M

7.1%

BATON ROUGE, LA

27 NATIONAL RANK

# 36 NATIONAL RANK

GAMING REVENUE $255.89M

-14.8%

28 NATIONAL RANK

30 NATIONAL RANK

10

RubinBrown Gaming Stats 2019