missouri gaming association 2006 annual report. missouri gaming association bill keena harrah’s...

Missouri Gaming Association

2006 Annual Report


Bill KeenaHarrah’s Casino

MGA President 2006


Troy StremmingAmeristar Casino

MGA President 2007


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


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


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



Argosy Riverside $66 million

Ameristar KC $22 million

Ameristar St. Charles $240 million

Isle of Capri Boonville $17.5 million



Terrible’s Mark Twain $1 million

Terrible’s St. Jo Frontier $5.6 million


Workplace Diversity

34% minority employees Missouri population is 15% minority

50% women employees


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


$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


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


$100 million/year tax revenues


Missouri Gaming Association2006 highlights

New Web site www.missouricasinos.org

Responsible Gaming Programs 2006 Report to the Community Cornerstone Member Program


www.missouricasinos.org


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


Responsible Gaming New 1-888-BETSOFF

posters & brochures

Life Crisis Services - 24 hr statewide toll-free crisis line & referral service


2006 Report to the Community


2006 Annual Report


New MGA Membership Program


Focus Group Recommendations Establish mission & vision Involve casino staff Develop materials Communicate regularly Engage & recognize


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.


Communicate, Engage & Recognize

E-mail bulletin with updates & action alerts Invitations to events Associate Member on Board Legislative activities - letter writing, meet with legislators


Vendor Opportunities

Total annual vendor spending in Missouri and neighboring states

$247 million


Cornerstone Membernew board position

Rosana “Rosie” Privitera Biondo, PresidentMark One Electric, Kansas City

missouri gaming association 2006 annual report. missouri gaming association bill keena harrah’s...

Documents

gaming tax revenues

total gaming taxes

gaming programs2006

tax incentives

loss limittargets

billions of dollarssheet11995

scholarship actfund

scholarship programremove