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Missouri Gaming Association 2005 Annual Report

Missouri Gaming Association 2005 Annual Report. Bill Keena 2006 MGA President Regional President Missouri & Iowa Harrah’s Entertainment. New Association name, logo Reflects current Missouri casino industry. Troy Stremming MGA President 2003-2005. MGA board leadership and spokesperson

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Missouri Gaming Association 2005 Annual Report

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  1. Missouri Gaming Association2005 Annual Report Bill Keena 2006 MGA President Regional President Missouri & Iowa Harrah’s Entertainment

  2. New Association name, logo • Reflects current Missouri casino industry Missouri Gaming Association

  3. Troy StremmingMGA President 2003-2005 • MGA board leadership and spokesperson • Responsible gaming • Legislative affairs • Minority vendors and suppliers Missouri Gaming Association

  4. Minority Supplier Forums • Led four casino minority supplier forums in Kansas City • Initiated first casino minority supplier forum in St. Louis in 2005 • Chair of Minority Supplier Council Western Kansas and Missouri • Appointed to board of Urban League of Kansas City Missouri Gaming Association

  5. Troy StremmingMGA President 2003-2005 Missouri Gaming Association

  6. Gaming revenues up statewide Missouri Gaming Association

  7. Kansas City area Gaming tax revenues 2005 • $195 million total gaming taxes • $127 million to School Foundation Formula • $40 million to host communities • $15 million to early childhood programs • $3 million to VeteransCommission • $0 tax incentives and abatements Missouri Gaming Association

  8. Promises Made, Promises Kept Kansas City Area - 2005 highlights • Ameristar KC and Isle of Capri - $21.9 million • $9 million streetlight expansion • Argosy Riverside - $7.2 million • Levee match to support 900-acre business park • Harrah’s North Kansas City - $16.8 million • $8 million city-owned fiber optic network Missouri Gaming Association

  9. Missouri Gaming tax revenues 2005 • $414 million total gaming taxes • $271 million to School Foundation Formula • $84 million to host communities • $31 million to early childhood programs • $6 million to VeteransCommission • $0 tax incentives and abatements Missouri Gaming Association

  10. Casino Capital Investments • 60% of Operating Cash Flow is reinvested in Missouri • $1.8 billion capital investment as of 2005 • Will soon exceed $3 billion with nearly $1.3 billion in projects currently underway & planned Missouri Gaming Association

  11. Current Capital Projects • Harrah’s North Kansas City $126 million • Penn National - Argosy Casino Riverside $75 million • Isle of Capri Kansas City $85 million • Isle of Capri Boonville $17.5 million • Ameristar St. Charles $240 million • Ameristar Kansas City $22 million • Pinnacle Entertainment $400 million St. Louis City $375 million St. Louis County Missouri Gaming Association

  12. Non-Gaming RevenuesNational Trend Non-gaming amenities create destination resorts • Las VegasStrip • Non-gaming casino revenues 57%+ • Nevada • Statewide non-gaming revenues topped gaming revenues (50.1%) for first time in 2005 Missouri Gaming Association

  13. Non-Gaming InvestmentsNational Trend Atlantic City - Expanded entertainment Aztar’s Tropicana Casino & Resort • $250 million non-gaming expansion • 24% non-gaming revenues vs. 15% Atlantic City average • 2005New Jersey Governor's Award for Tourism Excellence Harrah’s “The Piers” at Caesars Atlantic City Boardwalk Missouri Gaming Association

  14. Missouri Gaming Industry 2005 Review • Responsible gaming programs • Minority employment 35%, up from 31% • 80% casino job satisfaction Missouri Gaming Association

  15. Responsible Gaming • New AGA Posters • Gambling-related question on Missouri Department of Health Behavioral Risk Survey • 9,000 use Disassociated Persons (DAP) program • Life Crisis Services - 24 hr statewide toll-free crisis line & referral service Missouri Gaming Association

  16. Workplace Diversity • 35% of employees are minority • increase from 31% in 2004 • Missouri population is 15% minority • 51% women employees Missouri Gaming Association

  17. 2005 Survey - Job Satisfaction • 4,000 casino employees surveyed • Career, wages/tips & benefits rated higher than comparable industries • 59% in gaming workforce more than three years Missouri Gaming Association

  18. 2005 News Headlines • Missouri Casino Workers Express High Job Satisfaction St. Louis Commerce Magazine • Gulf Coast Casino Workers Find Jobs in Missouri AP Wire Service • Students Win ‘Project 21’ Scholarships Suburban Journals • Casino Limiting Legislation Stalled in Senate Branson Daily News • Loss Limit Repeal May Be Tied to Tax Boost Kansas City Star • Isle of Capri Will Move HQ Here St. Louis Post-Dispatch Missouri Gaming Association

  19. Gene BrunsMayor of North Kansas City Missouri Gaming Association

  20. Mike MoellerMayor of Maryland Heights Missouri Gaming Association

  21. Future of Missouri Gaming Industry • Continued capital reinvestments • Expanded entertainment options • New & exciting casino games • Gaming revenue & gaming tax growth • Ongoing support to education and local communities • Responsible gaming education • Workplace diversity • Satisfied workforce Missouri Gaming Association

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