RubinBrown Gaming Stats 2010

In the wake of former Illinois Governor Rod Blagojevich’s scandal that resulted in his departure from office, a racketeering lawsuit was filed by a group of casinos against Blagojevich and a prominent racetrack owner over the controversial law in which casinos were forced to subsidize struggling live racing operations. In the suburban Chicago area, construction will soon begin on the state’s 10th licensed casino, which is slated to open in 2011. Legislation is being considered to allow gambling within Chicago’s city limits as well as to allow free alcoholic beverages at casinos to promote increased gambling. Overall, the Chicago market is the strongest from a revenue standpoint, as its leads in AGR per square foot, patron, electronic gaming devices, and table games. Illinois casinos in the Chicago area have an AGR per patron of $121.61, which is much stronger than the $85.11 produced by their Indiana-based competition. The St. Louis metropolitan market in Illinois yields an AGR per patron of $68.14, which is slightly higher than the competing Missouri properties, which report $66.32. The properties located in the smaller communities generated the least revenue per square foot; however, they netted $82.70 in AGR per patron, $14.56 more than the eastern St. Louis metropolitan market. The smaller communities yielded the least AGR per table game and electronic gaming device, while producing the highest hold percentages.

Adjusted Gross Receipts by Region

$1.5B

$1B

$500M

$0

Chicago Vicinity

St. Louis Vicinity

Other Communities

2007

2008

2009

Adjusted Gross Receipts Analysis

$121.61

$6K

$130

$5,579.17

$82.70

$68.14

$86

$4K

$3,059.52

$3,678.46

$43

$2K

$0

$0

Chicago Vicinity

St. Louis Vicinity

Other Communities

AGR per Square Foot

AGR per Patron

Electronic Gaming Devices Analysis

8.96%

8.04%

$500

9.00%

$481.47

6.13%

6.00%

$333

$253.56

$216.05

3.00%

$166

0%

$0

Chicago Vicinity

St. Louis Vicinity

Other Communities

AGR per EGD per Day

Average EGD Hold

Table Games Analysis

20.44%

$3K

21.00%

17.14%

16.60%

$2K

14.00%

$2,968.73

$1,384.44

$1,189.13

7.00%

$1K

0%

$0

Chicago Vicinity

St. Louis Vicinity

Other Communities

AGR per Table Game per Day

Average Table Game Hold

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