RubinBrown Gaming Stats 2010

St. Louis area revenues are expected to increase again in 2010 as the 13th licensed property, River City Casino, is unveiled in south St. Louis City in early 2010. While the new property is expected to increase overall gaming revenues for the state, the increase may be offset by the uncertain future of the President Casino. AGR totals for the western Missouri properties may be adversely affected since new competition will soon be entering the Kansas City market. In 2011, Hollywood Casino is expected to open in Wyandotte County, which will be Kansas’ second commercial casino. AGR per patron is highest in the non- metropolitan communities. This may be due in part to the fact that the metropolitan-area casinos are considered more “Vegas-style” and offer more non-gambling attractions. These entertainment venues allow properties to attract higher patron volume; however, gaming revenues per patron tend to be lower since the patron’s primary purpose varies between gaming and non-gaming activities. Missouri follows the trend experienced in most other states, in which the non- metropolitan communities have the lowest AGRs and the lowest EGD holds, but the highest table holds. While casinos in non-metropolitan areas are, on average, about half the size of those in larger cities (and have significantly less tables and EGDs), they experience about two-thirds of the patronage which boosts their average statistics.

Adjusted Gross Receipts by Region

$900M

$600M

$300M

$0

Kansas City Vicinity

St. Louis Vicinty

Other Communities

2007

2008

2009

Adjusted Gross Receipts Analysis

$69

$3K

$2,511.07

$2,386.81

$68.11

$67

$2K

$63.48

$1,321.04

$66

$1K

$66.32

$65

$0

Kansas City Vicinity

St. Louis Vicinity Other Communities

AGR per Square Foot

AGR per Patron

Electronic Gaming Devices Analysis

9.20%

$240

$230.62

9.18%

8.97%

$160

$237.98

8.99%

$138.52

8.73%

$80

8.66%

8.50%

$0

Kansas City Vicinity

St. Louis Vicinity

Other Communities

AGR per EGD per Day

Average EGD Hold

Table Games Analysis

$1,200

24.00%

$1,149.67

$1,054.06

23.17%

$800

22.33%

$652.51

20.67%

$400

20.98%

20.96%

19.00%

$0

Kansas City Vicinity

St. Louis Vicinity

Other Communities

AGR per Table Game per Day

Average Table Game Hold

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