Missouri Gaming Association 2006 Annual Report. Missouri Gaming Association Bill Keena Harrah’s Casino MGA President 2006.
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Missouri Gaming Association
2006 Annual Report
Missouri Gaming Association
Bill KeenaHarrah’s Casino
MGA President 2006
Missouri Gaming Association
Troy StremmingAmeristar Casino
MGA President 2007
Missouri Gaming Association
Gaming revenues continue to grow
199519961997 1998 1999 2000 2001 2002 2003 2004 2005 2006
$-
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
Adjusted gross receipts in billions
Missouri gaming industry growth1995-2006
Missouri Gaming Association
Gaming tax revenues continue to grow
$433 million total gaming taxes in 2006 $287 million to School Foundation Formula $85 million to host communities $31 million to early childhood programs $6 million to Veterans Commission
$0 tax incentives or abatements
Missouri Gaming Association
Casino Capital Investments
60% of Operating Cash Flow is reinvested in Missouri
$1.3 billion in projects recently completed and currently underway
Will exceed $3 billion total casino investment in Missouri by 2008
Pinnacle Entertainment $430 million City of St. Louis$375 million St. Louis County
Missouri Gaming Association
Casino Capital Investments
Argosy Riverside $66 million
Ameristar KC $22 million
Ameristar St. Charles $240 million
Isle of Capri Boonville $17.5 million
Missouri Gaming Association
Casino Capital Investments
Terrible’s Mark Twain $1 million
Terrible’s St. Jo Frontier $5.6 million
Missouri Gaming Association
Workplace Diversity
34% minority employees Missouri population is 15% minority
50% women employees
Missouri Gaming Association
Future of Missouri Gaming Industry
Continued capital reinvestments Gaming revenue & gaming tax growth Ongoing support to education and local
communities Responsible gaming education Workplace diversity, satisfied workforce Potential to increase tax revenues
significantly by removing $500 loss limit
Missouri Gaming Association
$500 Loss Limit Removal
Only jurisdiction in the world with a loss limit Targets only 2% of guests Inconveniences all guests Invasion of privacy, not all guests have ID Ineffective in limiting problem gamblers
Missouri Gaming Association
Senate Bill 430Smart Start Scholarship Act
Fund Smart Start Scholarship program Remove $500 loss limit Increase gaming taxes from 20% to 21% Limit the number of casinos
Missouri Gaming Association
$100 million/year tax revenues
Missouri Gaming Association
Missouri Gaming Association2006 highlights
New Web site www.missouricasinos.org
Responsible Gaming Programs 2006 Report to the Community Cornerstone Member Program
Missouri Gaming Association
www.missouricasinos.org
Missouri Gaming Association
Responsible Gaming
Messages on Ticket In/Ticket Out stubs
Project 21 Youth Scholarship
Allocated 2007 MGA funding for Missouri Department of Health research on problem gambling
Missouri Gaming Association
Responsible Gaming New 1-888-BETSOFF
posters & brochures
Life Crisis Services - 24 hr statewide toll-free crisis line & referral service
Missouri Gaming Association
2006 Report to the Community
Missouri Gaming Association
2006 Annual Report
Missouri Gaming Association
Missouri Gaming Association
New MGA Membership Program
Missouri Gaming Association
Focus Group Recommendations Establish mission & vision Involve casino staff Develop materials Communicate regularly Engage & recognize
Missouri Gaming Association
Mission & VisionMission:Educate the public, business community, elected officials and regulators on the benefits casinos bring to Missouri.
Vision: Increase awareness Strengthen support Promote and protect shared interests Monitor legislative & regulatory activities Advocate supportive policies.
Missouri Gaming Association
Communicate, Engage & Recognize
E-mail bulletin with updates & action alerts Invitations to events Associate Member on Board Legislative activities - letter writing, meet with legislators
Missouri Gaming Association
Vendor Opportunities
Total annual vendor spending in Missouri and neighboring states
$247 million
Missouri Gaming Association
Cornerstone Membernew board position
Rosana “Rosie” Privitera Biondo, PresidentMark One Electric, Kansas City
Missouri Gaming Association
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