Fall 2015 Issue of Horizons

GAMING

been challenged by the ongoing Caesar’s bankruptcy and the Taj Mahal which has faced an uncertain future until Carl Icahn was approved to take ownership on June 10, 2015. Looking Forward Gaming revenues are expected to continue to increase throughout the remainder of 2015. However, the August 2015 revenue results will be a telling month for the continued health of the industry, as it begins to look towards 2016 and beyond. The gaming revenues generated in August 2014 made it the fifth highest month on record. If the industry is able to surpass this revenue benchmark in August 2015, the industry will be able to record three straight quarters of revenue growth and be on pace for continued growth in 2016 and beyond.

and West Virginia. The increased competition originated from the August 2014 opening of the Horseshoe Casino in Baltimore, Maryland, three new Ohio racinos opening in the summer of 2014 and the continued expansion of slot machines in restaurants, taverns and truck stops throughout Illinois and West Virginia. New Jersey continues to endure the largest declines in gaming revenues; however, the declines are attributed to the casino closures and market contraction. For the eight casinos that continue to operate in Atlantic City, six have seen increased revenues during the first six months of 2015. Of those six casinos, the average year-over-year increase is 9.2%. The two casinos that continue to see declines include Bally’s Atlantic City which has

RubinBrown’s Gaming Services Group Many gaming operations throughout the nation seek out RubinBrown’s accounting, consulting and tax services.

Daniel Holmes, CPA, CIA, CGMA Manager & Gaming Practice Leader Gaming Services Group 314.290.3346 daniel.holmes@rubinbrown.com

Brandon Loeschner, CPA, CISA, CGMA Partner & Gaming Practice Leader Gaming Services Group 314.290.3324 brandon.loeschner@rubinbrown.com

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