RubinBrown Gaming Stats 2018

TRIBAL GAMING SACRAMENTO REGION †

$8.0B $8.5B $7.5B

140 OPS 150 OPS 130 OPS

$7.0B

120 OPS

$6.5B

110 OPS

$5.0B $5.5B $6.0B

90 OPS 100 OPS

NO. CASINO OPERATIONS

80 OPS

71

70

68

66

64

63

62

62

$4.5B

70 OPS

59

58

$4.0B

60 OPS

GAMING REVENUES

$3.5B

50 OPS 40 OPS 30 OPS 20 OPS 10 OPS

$3.0B $2.5B

$2.0B

$1.5B

$1.0B

0 OPS

$7.80B

$7.36B

$6.97B

$6.79B

$6.90B

$6.96B

$6.99B

$7.30B

$7.88B

$8.38B

FY 2007

FY 2008

FY 2009

FY 2010

FY 2011

FY 2012

FY 2013

FY 2014

FY 2015

FY 2016

DATA FROM NIGC’S ANNUAL STATISTICAL RELEASE FOR TRIBAL FISCAL YEARS ENDING IN 2016.

26.9% TRIBAL GAMING REVENUES

GAMING REVENUE $8.38B

GAMING REV $2.93

THREE-YEAR COMPOUND ANNUAL GROWTH RATE 6.2% FIVE-YEAR COMPOUND ANNUAL GROWTH RATE 4.0%

$59.95M VERAGE REVENUE PER CASINO

$119.73M AVERAGE REVENUE PER CASINO

70

CASINO OPERATIONS

6.3%

11.4% OF ALL 2016 GAMING REVENUES

The Sacramento region continues to maintain its status as the highest revenue-generating tribal region in 2016, while also producing the strongest year-over-year growth rate of 6.3%. Gaming revenues in 2016 reached $8.4 billion, accounting for 26.9% of tribal revenues nationwide. Despite closing one casino, 2016 revenues broke the region’s revenue record for the second year in a row. • The Wilton Rancheria Tribe’s $500 million casino and resort project in Elk Grove, California moves forward. The project includes a 110,000 square-foot gaming floor and a 302-room hotel. Boyd Gaming, operating 22 properties across eight states, will partner with the tribe on the project. Approval for the project has been cleared at the local, state and federal levels. In February 2018, a federal judge denied a lawsuit attempting to halt the project by Stand Up for California, a statewide organization focusing on gambling issues. The project is expected to break ground in the summer of 2018. • Penn National Gaming severs ties with the Jamul Village of California Tribe. In March 2018, Penn National Gaming filed an 8-K with the U.S. Securities and Exchange Commission, informing investors that its subsidiary, San Diego Gaming Ventures, would no longer manage the Hollywood Casino Jamul-San Diego or provide branding and development services. The tribe’s development company is in default on a $98 million initial loan and a $29 million future fund commitment from San Diego Gaming Ventures. Penn National Gaming stated that the existing obligations remain outstanding. The casino was Penn National Gaming’s only California-based operation.

Tribal Gaming

19

† see statistical note on page 25