RubinBrown Gaming Stats 2019

COMMERCIAL GAMING OTHER

$11.0B $9.0B $10.0B $8.0B $12.0B $14.0B $13.0B

25 OPS 75 OPS 50 OPS 125 OPS 100 OPS 150 OPS 175 OPS 200 OPS 250 OPS 275 OPS 225 OPS 300 OPS 325 OPS 375 OPS 350 OPS

NO. CASINO OPERATIONS

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

GAMING REVENUES

$1.14B 22

$1.18B

$1.16B

$1.16B

$1.12B

$1.11B $1.11B

$1.11B $1.11B

$1.11B

$1.10B

49 $1.07B

$1.07B

48

47

46

46

46

43

42

42

40

40

2008

2009

2010

2016

2017

2018

2011

2012

2013

2014

2015

2.9% COMMERCIAL GAMING REVENUES

GAMING REVENUE $1.22B

REVENUE FROM ELECTRONIC GAMING DEVICES 91.0% REVENUE FROM TABLE GAMES 9.0%

$94.16M VERAGE REVENUE PER CASINO

$30.42M AVERAGE REVENUE PER CASINO

40

CASINO OPERATIONS

3.1%

1.5% OF ALL GAMING REVENUES

TOP 5 OTHER MARKETS (revenue increased in all markets in 2018)

The Other region, comprising the racetrack casinos in New Mexico and Oklahoma and the limited wagering casinos in Colorado, generated revenue growth of 3.1%. Similar to the Nevada and South regions, all of the markets experienced year-over-year increases in gaming revenues. Oklahoma Racetrack Casinos Post Double Digit Growth in 2018, Amidst Strong Competition: The Oklahoma commercial gaming market is limited to two racetrack slot-only casinos that compete against more than 130 tribal gaming casinos that also operate within the State. In 2018, the two casinos posted a combined growth rate of 11.8%. Remington Park was the top performer of the two casinos, with revenues of $119.1 million, growing at a rate of 12.6%. Colorado Leads the Region in Total Revenues, but Growth is Not Keeping Pace: Of the three states within the Other region, Colorado generates 69.2% of the region’s commercial gaming revenues. However, many in the industry do not see Colorado keeping pace in terms of growth. In 2018, the State’s projected job growth of 2.4% outperformed the State’s gaming revenue growth of 1.6%. The reasons behind the lagging growth in gaming are being attributed to the limitations that have been placed on the industry. The two primary limitations include casinos only operating in three historic mining towns, located away from the major metropolitan centers and limiting the industry’s patrons to a maximum single bet of $100.

BLACKHAWK, CO

# 11 NATIONAL RANK

# 18 NATIONAL RANK

GAMING REVENUE $623.25M

0.3%

NEW MEXICO RACINOS

# 15 NATIONAL RANK

# 38 NATIONAL RANK

GAMING REVENUE $235.45M

3.5%

OKLAHOMA RACINOS

# 46 NATIONAL RANK

# 16 NATIONAL RANK

GAMING REVENUE $139.61M

11.8%

CRIPPLE CREEK, CO

# 47 NATIONAL RANK

# 20 NATIONAL RANK

GAMING REVENUE $139.44M

3.5%

CENTRAL CITY, CO

# 23 NATIONAL RANK

# 58 NATIONAL RANK

GAMING REVENUE $78.98M

9.9%

# 24 NATIONAL RANK

# 29 NATIONAL RANK

# 36 NATIONAL RANK

Commercial Gaming

11