RubinBrown Gaming Stats 2019

COMMERCIAL GAMING MIDWEST REGION

$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

$10.59B

$10.43B

$9.92B

$10.24B

$9.90B

$10.20B

$9.78B

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

$8.98B

$8.84B

$8.80B

$8.78B

GAMING REVENUES

102

101

101

101

101

100

99

93

90

89

89

2008

2009

2010

2016

2017

2018

2011

2012

2013

2014

2015

13.3% OF ALL GAMING REVENUES 25.7% COMMERCIAL GAMING REVENUES

GAMING REVENUE $10.59B

GAMING REV $5.27

REVENUE FROM ELECTRONIC GAMING DEVICES 84.8% REVENUE FROM TABLE GAMES 15.2%

$223.35M VERAGE REVENUE PER CASINO

$104.84M AVERAGE REVENUE PER CASINO

101

CASINO OPERATIONS

1.5%

TOP 10 MIDWEST REGION MARKETS (revenue increased in 7 of 10 markets in 2018)

Gaming revenues in the Midwest region increased by 1.5% in 2018. The revenue increase was the smallest increase compared to the other four commercial gaming regions. The Midwest region’s revenue increase was primarily driven by strong growth in Ohio (4.9%) and Michigan (3.1%), which both set all-time highs in gaming revenues generated. The MGM Grand – Detroit led the region in total revenues, generating $619.2 million in gaming revenues, an increase of $27.1 million from 2017. Casinos are No Longer King in Illinois: The Illinois casino industry endured its sixth consecutive year of declining casino revenues ($1.4 billion) and was surpassed by the rapidly growing video gaming (limited stakes) industry ($1.5 billion). For those states looking to expand gaming, the Illinois case study should not be overlooked. The headline number of increased total gaming tax revenues available to Illinois and local governments is eye-catching, as the gaming expansion has increased total gaming tax revenues by 58.8% or $337.8 million. However, the increase hasn’t been a uniform economic boost to the State. Since 2012, when video gaming began, the casino industry has reduced its employee base by 19.0% (1,461 jobs) and local municipalities hosting casinos have experienced, on average, a 28.4% decline in casino gaming tax revenues. Indiana Casinos Move On Land: The benefits of a 2016 law, permitting existing casinos to build land base facilities, began paying off in 2018. The Tropicana Evansville Casino, in southern Indiana, reported its first full year of gaming revenues from its new $50 million land based facility. In 2018, the new facility reported a $15.9 million or 12.3% increase in gaming revenues. To the north, similar investment returns are appearing. In May 2019, the Ameristar in East Chicago completed a $22 million casino refresh that included a land based high-limit room. The investment led to 2018 gaming revenues increasing by $15.8 million or 7.8%.

CHICAGO (IN & IL)

BILOXI, MS

# 2 NATIONAL RANK

# 3 NATIONAL RANK

GAMING REVENUE $1,907.57M

-0.9%

DETROIT, MI

LAKE CHARLE

# 4 NATIONAL RANK

# 6 NATIONAL RANK

GAMING REVENUE $1,444.10M

3.1%

ST. LOUIS (MO & IL)

SHREVEPORT

# 5 NATIONAL RANK

# 8 NATIONAL RANK

GAMING REVENUE $1,037.98M

1.2%

KANSAS CITY (MO & KS)

TUNICA / LUL

# 7 NATIONAL RANK

# 12 NATIONAL RANK

GAMING REVENUE $795.98M

0.4%

MIAMI / FT. L

CINCINNATI (OH & IN)

# 9 NATIONAL RANK

# 14 NATIONAL RANK

GAMING REVENUE $766.41M

2.2%

CLEVELAND, OH

NEW ORLEAN

# 19 NATIONAL RANK

# 21 NATIONAL RANK

GAMING REVENUE $588.18M

5.7%

CENTRAL INDIANA

BAY ST. LOUIS

# 22 NATIONAL RANK

# 26 NATIONAL RANK

GAMING REVENUE $475.94M

0.9%

SOUTHERN INDIANA

BATON ROUG

# 31 NATIONAL RANK

# 27 NATIONAL RANK

GAMING REVENUE $461.66M

-0.3%

COUNCIL BLUFFS, IA

# 34 NATIONAL RANK

# 28 NATIONAL RANK

GAMING REVENUE $413.85M

-1.4%

COLUMBUS, OH

# 37 NATIONAL RANK

# 30 NATIONAL RANK

GAMING REVENUE $401.51M

5.3%

Commercial Gaming

9