RubinBrown Gaming Stats 2010

Adjusted Gross Receipts by Region

applicants for casino licenses in November of 2009 (the selection process is expected to take at least six months). In addition, there is significant new gaming-related legislation being considered in 2010. The gaming industry in the Mississippi River Communities and Central Iowa are comparable statistically because casinos in these regions are significantly smaller (in size and number of gaming devices) than in the metropolitan communities. The larger metropolitan communities also experience a significantly higher AGR per patron. Interestingly, this trend does not hold true for the metropolitan casinos in other states. In Iowa, there appears to be a positive correlation between table hold and AGR per table, which is dissimilar to the relationship noted in the other states. On the legislative front, Iowa is currently working on bills that could: • Eliminate live greyhound racing (there are two existing facilities) • Allow major poker tournaments at casinos • Permit bars to install video gaming devices • End the existing requirement that communities vote every eight years on whether or not to retain the casinos within their jurisdiction • Legalize betting on professional sports How much of this legislation actually passes in 2010 will have a great impact on Iowa’s gaming industry.

$500M

$333M

$167M

$0

Metropolitan Communities

Mississippi River Communities

Central Iowa Communities

2007

2008

2009

Adjusted Gross Receipts Analysis

$65.00

$3K

$70

$54.00

$52.00

$2,950.00

$46

$2K

$1,991.00

$1,838.00

$23

$1K

$0

$0

Metropolitan Communities

Mississippi River Communities

Central Iowa Communities

AGR per Square Foot

AGR per Patron

Electronic Gaming Devices Analysis

9.10%

$210

9.10%

$210.00

$169.00

$160.00

8.90%

$140

8.80%

8.70%

$70

8.70%

8.50%

$0

Metropolitan Communities

Central Iowa Communities

Mississippi River Communities

AGR per EGD per Day

Average EGD Hold

Table Games Analysis

$800

23.00%

$728.00

22.00%

21.67%

$533

$533.00

$502.00

21.35%

20.33%

$266

20.40%

19.00%

$0

Metropolitan Communities

Central Iowa Communities

Mississippi River Communities

AGR per Table Game per Day

Average Table Game Hold

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