Missouri Gaming Association 2006 Annual Report. Missouri Gaming Association Bill Keena Harrah’s Casino MGA President 2006.

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Presentation transcript:

Missouri Gaming Association 2006 Annual Report

Missouri Gaming Association Bill Keena Harrah’s Casino MGA President 2006

Missouri Gaming Association Troy Stremming Ameristar Casino MGA President 2007

Missouri Gaming Association Gaming revenues continue to grow

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 430 Smart 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 Association 2006 highlights New Web site Responsible Gaming Programs 2006 Report to the Community Cornerstone Member Program

Missouri Gaming Association

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 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

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 & Vision Mission: 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  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 Member new board position Rosana “Rosie” Privitera Biondo, President Mark One Electric, Kansas City

Missouri Gaming Association