RubinBrown Gaming Stats 2018

COMMERCIAL GAMING OTHER

$14.0B

375 OPS

$13.0B

350 OPS

$12.0B

325 OPS

$11.0B

300 OPS

$9.0B $10.0B $8.0B

125 OPS 100 OPS 75 OPS 50 OPS 175 OPS 200 OPS 250 OPS 275 OPS 225 OPS 150 OPS

NO. CASINO OPERATIONS

$0.0B $4.0B $3.0B $2.0B $1.0B $5.0B $6.0B $7.0B

GAMING REVENUES

$1.18B

$1.16B

$1.16B

$1.14B

$1.12B

$1.11B $1.11B

$1.11B $1.11B

$1.11B

$1.10B

$1.07B

$1.07B

49

49

48

47

46

46

46

43

42

42

40

25 OPS

2007

2008

2009

2015

2016

2017

2010

2011

2012

2013

2014

3.0% COMMERCIAL GAMING REVENUES

GAMING REVENUE $1.18B

REVENUE FROM ELECTRONIC GAMING DEVICES 91.1% REVENUE FROM TABLE GAMES 8.9%

$94.27M VERAGE REVENUE PER CASINO

$29.51M AVERAGE REVENUE PER CASINO

40

CASINO OPERATIONS

2.1%

1.5% OF ALL GAMING REVENUES

TOP 5 OTHER MARKETS (revenue increased in 4 of 5 markets in 2017)

The Other gaming jurisdiction – comprised of Colorado, New Mexico and Oklahoma – generated positive revenue growth of 2.1%. The growth was primarily driven by the Colorado market, which represents 70.1% of the Other region’s revenues. • Growth in Colorado gaming revenues continues to slow for the third consecutive year. In 2017, the Colorado gaming market produced revenue growth of 2.1%, which was down from the 2.6% and 5.9% growth seen in 2016 and 2015 respectively. The decreasing revenue growth coincides with the slow-down in Denver’s growth spurt. In 2017, Denver grew at a rate of 1.9%, which was the first time this decade that the city did not post population growth in excess of 2.0%. It is not surprising that Blackhawk, the closest market to the Denver metropolitan area and Colorado’s largest market, has also experienced stunted growth rates. • New Mexico revenues decline for the third consecutive year. As New Mexico’s population continues to stagnate, the state’s gaming industry continues to suffer from declining revenues. Since 2010, New Mexico’s population has only grown by 45,000 people for an average annual population increase of 0.3%. Despite gaming revenue growth since 2010, the state has seen a decline in a key gaming patron demographic as the number of working professionals between the ages of 40 and 54 goes down each year. The stagnate growth and outward migration of middle-aged working professionals has led to a decline in overall gaming revenues.

BLACKHAWK, CO

# 10 NATIONAL RANK

# 18 NATIONAL RANK

GAMING REVENUE $621.43M

1.9%

NEW MEXICO RACINOS

# 15 NATIONAL RANK

# 38 NATIONAL RANK

GAMING REVENUE $227.50M

-2.1%

CRIPPLE CREEK, CO

# 16 NATIONAL RANK

# 46 NATIONAL RANK

GAMING REVENUE $134.74M

2.5%

OKLAHOMA RACINOS

# 20 NATIONAL RANK

# 48 NATIONAL RANK

GAMING REVENUE $124.87M

10.2%

CENTRAL CITY, CO

# 22 NATIONAL RANK

# 60 NATIONAL RANK

GAMING REVENUE $71.89M

3.2%

# 24 NATIONAL RANK

# 30 NATIONAL RANK

# 32 NATIONAL RANK

Commercial Gaming

11