Georgia Gaming Market Assessment - Pennsylvania Treasury

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ECONOMIC AND DEMOGRAPHIC ANALYSIS An area’s economic health and growth potential is indicative of its ability to support the local lodging and gaming markets. In this section, some of the specific economic and demographic characteristics of the hotel and casino market area that will affect future demand for hotel rooms and expanded gaming in the area are analyzed. The purpose of such an analysis is to evaluate the area’s ability to: • Support existing and expanded hotel and gaming facilities in the area; and • Attract new sources of lodging and leisure demand. Some of the factors we analyzed, including population trends and average household income trends, are included in tables and text in this section of the report. For the purposes of this analysis we have segmented the state of Pennsylvania into three regions, Western, Central and Eastern. Below is a map showing the region distinctions with existing gaming properties. The Innovation Group Project #054-11 August 2011 Page 3
Population The following section presents the population figures segmented by region, as explained above. The population is addressed both from a total population and gamer (21+) population standpoint. For comparison purposes who have included the statewide and national statistics. Total Population Population growth or decline is often described by using an average annual growth rate (A.A.G.). Positive average annual growth rates can be seen in the Eastern Region, while the other two regions are showing negative growth. The Eastern Region represents the majority of the population in Pennsylvania with over 70% residing in the region. The Western and Central region have shown declines in population both between 2000 and 2010 and continuing during the projected period of 2010 to 2015. In comparison, both the Pennsylvania Statewide and United State, populations are expected to increase between 2010 and 2015, albeit slightly at 0.07% and 0.8%, respectively. The chart below outlines the population for the three regions of Pennsylvania, the statewide totals and the aggregate for the United States to serve as a comparison in terms of both actual and projected average annual growth rates. The Innovation Group Project #054-11 August 2011 Page 4
Page 2 and 3: Pennsylvania Statewide Gaming Marke
Page 4 and 5: INTRODUCTION The Innovation Group w
Page 8 and 9: Pennsylvania Total Population Regio
Page 10 and 11: $54,000 $52,000 $50,000 $48,000 $46
Page 12 and 13: Employment Employment is a signific
Page 14 and 15: Impact of Recession: Regional vs. N
Page 16 and 17: are the only private companies in t
Page 18 and 19: Pennsylvania Wilds Vineyards, the L
Page 20 and 21: PENNSYLVANIA GAMING This section su
Page 22 and 23: Harrah’s Chester has become the s
Page 24 and 25: Philadelphia Market The following s
Page 26 and 27: for 1,700 cars. The first phase ope
Page 28 and 29: Mt. Airy Mount Airy Casino Resort i
Page 30 and 31: Western Region The Western Region c
Page 32 and 33: The Rivers The Rivers Casino is loc
Page 34 and 35: HISTORICAL SLOTS TRENDS AND SATURAT
Page 36 and 37: Number of Machines 30,000 25,000 20
Page 38 and 39: Number of Machines 25,000 20,000 15
Page 40 and 41: Slot Revenue ($MM) $1,000 $900 $800
Page 42 and 43: Slot Revenue ($MM) $700 $600 $500 $
Page 44 and 45: Western Region Presque Isle was the
Page 46 and 47: Pittsburgh Market The Pittsburgh Ma
Page 48 and 49: Population/Slot Supply Ratios Adult
Page 50 and 51: Statewide Machine Development: 2003
Page 52 and 53: Eastern Region Performance: 2003 Re
Page 54 and 55: Poconos+BethSands: 2003 Report vs.
Page 56 and 57:
With an aggressive marketing and bu
Page 58 and 59:
Atlantic City currently offers appr
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number of slots from 1998 to 2008,
Page 62 and 63:
to include a minimum of three games
Page 64 and 65:
Yonkers Gaming Performance Year Rev
Page 66 and 67:
Hollywood Casino and Ocean Downs Cu
Page 68 and 69:
West Virginia Statewide Table Perfo
Page 70 and 71:
Poker Revenue West Virginia Table P
Page 72 and 73:
gamer visits thus generated are the
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The Innovation Group Project #054-1
Page 76 and 77:
The following table shows the rates
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Baseline 2010 ($MMs) Eastern Alt. S
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2014 Status Quo ($MMs) Eastern Alt.
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The table on the following page sho
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Location Alternatives As shown on t
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limited individual potential, its i
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• LARGE o $250.0 million + in gam
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These were then input into a financ
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Georgia Gaming Market Assessment - Pennsylvania Treasury

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