RubinBrown Gaming Stats 2013

TULSA REGION

Similar to the Oklahoma City Region, the Tulsa Region’s 3.6% three year compounded annual growth rate is one of the highest in the nation; however, the Region’s average revenue per casino, $29.5 million, is the lowest of any NIGC region. The low revenue per casino is attributed to the Tulsa Region having both the smallest geographical land area and population, but the second highest number of casino operations, resulting in significant competition between casinos. While there is significant competition within the Tulsa Region, 58.5% of the Region’s casinos are operated by three tribes; the Choctaw, Muscogee Creek Nation, and Cherokee operate 38 of the 64 casino operations in the Region. When analyzing the Oklahoma casinos (60 of the 64 operations) revenue sharing payments to the State of Oklahoma, the same three tribes contributed 73.6% ($44.2 million) of the Region’s $60.6 million revenue sharing contributions. The Choctaw Nation contributed $22.1 million, the Cherokee Nation contributed $12.6 million, and the Muscogee Creek Nation contributed $9.6 million. (Note: Tribes within the Oklahoma City Region contributed an additional $63.3 million under the Oklahoma tribal gaming compact revenue sharing provisions.) Outside of Oklahoma, the Region’s four tribes located in Kansas (operating four casinos) have seen an increase in competition with the expansion of commercial gaming. While competition continues to increase within the Tulsa Region, tribes continue to look for new ways to capture a larger percentage of the Region’s gaming revenues. In 2012, significant expansion efforts within the Tulsa Region included: The Quapaw Tribe completed a $50 million expansion of the Downstream Casino, located in Oklahoma ten miles southwest of Joplin, Missouri, on Interstate 44. The expansion included the addition of a spa and second hotel tower, the 152-room Kappa Tower. The Eastern Shawnee tribe completed its Indigo Sky Casino, located in Oklahoma, two miles west of Seneca, Missouri, on US Highway 60. The casino replaces the Tribe’s Bordertown Casino and offers more than 1,300 gaming machines, a 117-room hotel, and several restaurants. The Cherokee Nation completed its most recent expansion and renovation of the Hard Rock Hotel and Casino, located 14 miles west of downtown Tulsa, Oklahoma. The expansion included a new hotel tower and a permanent facility to replace the temporary gaming facility, which was damaged during an ice storm in 2011.

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