RubinBrown Gaming Stats 2011

This legislation would have also allowed Illinois’ licensed horse racing facilities to operate 6,300 electronic gaming devices on their properties. The bill met heavy opposition from the existing properties and was slated to be voted on in the Illinois House at the end of the 2010 legislative session. However, the bill was never called to the floor for a vote by the Speaker of the House and the measure was essentially rejected without ever coming to a vote. In July of 2011, Illinois will see its tenth commercial gaming facility open its doors in Des Plaines, a western suburb of Chicago. The 147,000 square-foot complex will include a 43,000 square-foot casino with 1,200 gambling positions, including a high limit area. Almost a decade in the making, the as-yet-to- be-named facility will be located near Chicago’s O’Hare airport and is expected to generate $150 million in annual tax revenue in addition to creating over 1,000 new, permanent jobs. Regionally, Illinois’ Chicago area casinos continue to show significantly higher AGR per square foot and AGR per patron figures than their competition directly across the state line in Indiana. Chicago market casinos saw their AGR and admissions decrease in 2010. Only the newly named Hollywood Casino (formally the Empress) in Joliet saw significant increases in AGR and admissions during 2010. The increases recognized by the Hollywood Casino are attributed to a dismal 2009 where the facility temporarily closed for three months due to fire damage that occurred during renovations.

Adjusted Gross Receipts by Region

$1.1B

$733M

$367M

$0

Chicago Vicinity

St. Louis Vicinity

Other Communities

2008

2009

2010

Adjusted Gross Receipts Analysis

$6K

$130.00

$86.67

$4K

$2K

$43.33

$0

$0

Chicago Vicinity

St. Louis Vicinity

Other Communities

AGR per Square Foot

AGR per Patron

www.rubinbrown.com | 18

Made with FlippingBook flipbook maker