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Missouri Gaming Association 2005 Annual Report Bill Keena 2006 MGA President Regional President Missouri & Iowa Harrah’s Entertainment.

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Presentation on theme: "Missouri Gaming Association 2005 Annual Report Bill Keena 2006 MGA President Regional President Missouri & Iowa Harrah’s Entertainment."— Presentation transcript:

1 Missouri Gaming Association 2005 Annual Report Bill Keena 2006 MGA President Regional President Missouri & Iowa Harrah’s Entertainment

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

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

4 Missouri Gaming Association 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

5 Missouri Gaming Association Troy Stremming MGA President 2003-2005

6 Missouri Gaming Association Gaming revenues up statewide

7 Missouri Gaming Association 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 Veterans Commission $0 tax incentives and abatements

8 Missouri Gaming Association 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

9 Missouri Gaming Association 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 Veterans Commission $0 tax incentives and abatements

10 Missouri Gaming Association 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

11 Missouri Gaming Association 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

12 Missouri Gaming Association Non-Gaming Revenues National Trend Non-gaming amenities create destination resorts Las Vegas Strip  Non-gaming casino revenues 57%+ Nevada  Statewide non-gaming revenues topped gaming revenues (50.1%) for first time in 2005

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

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

15 Missouri Gaming Association 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

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

17 Missouri Gaming Association 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

18 Missouri Gaming Association 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

19 Missouri Gaming Association Gene Bruns Mayor of North Kansas City

20 Missouri Gaming Association Mike Moeller Mayor of Maryland Heights

21 Missouri Gaming Association 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


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