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Missouri Gaming Association 2006 Annual Report

Missouri Gaming Association 2006 Annual Report. Bill Keena Harrah’s Casino MGA President 2006. Troy Stremming Ameristar Casino MGA President 2007. Gaming revenues continue to grow. Gaming tax revenues continue to grow. $433 million total gaming taxes in 2006

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Missouri Gaming Association 2006 Annual Report

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  1. Missouri Gaming Association2006 Annual Report

  2. Bill KeenaHarrah’s CasinoMGA President 2006 Missouri Gaming Association

  3. Troy StremmingAmeristar CasinoMGA President 2007 Missouri Gaming Association

  4. Gaming revenues continue to grow Missouri Gaming Association

  5. 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 VeteransCommission $0 tax incentives or abatements Missouri Gaming Association

  6. 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

  7. Casino Capital Investments Argosy Riverside $66 million Ameristar St. Charles $240 million Ameristar KC $22 million Isle of Capri Boonville $17.5 million Missouri Gaming Association

  8. Casino Capital Investments Terrible’s Mark Twain $1 million Terrible’s St. Jo Frontier $5.6 million Missouri Gaming Association

  9. Workplace Diversity • 34% minority employees • Missouri population is 15% minority • 50% women employees Missouri Gaming Association

  10. 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

  11. $500 Loss Limit Removal • Only jurisdiction in the world with a loss limit • Targets 2% of guests (problem gamblers) • Inconveniences all guests • Invasion of privacy, not all guests have ID • Ineffective in limiting problem gamblers Missouri Gaming Association

  12. $100 million/year tax revenues Missouri Gaming Association

  13. Legislative Proposal • Remove the $500 loss limit • Increase gaming taxes from 20% to 22% • Double casino funding for responsible gaming • Limit the number of casinos • Limit the number of gambling devices • Fund college student loan program, National Guard and early childhood development Missouri Gaming Association

  14. Missouri Gaming Association2006 highlights • New Web site www.missouricasinos.org • Responsible Gaming Programs • 2006 Report to the Community • Cornerstone Member Program Missouri Gaming Association

  15. www.missouricasinos.org Missouri Gaming Association

  16. 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

  17. Responsible Gaming • New 1-888-BETSOFF posters & brochures • Life Crisis Services - 24 hr statewide toll-free crisis line & referral service Missouri Gaming Association

  18. 2006 Report to the Community Missouri Gaming Association

  19. Missouri Gaming Association2006 Annual Report

  20. New MGA Membership Program Missouri Gaming Association

  21. ResearchProcess • Focus group meetings with MGA leadership & members held in June, 2006 • St. Louis • Kansas City Missouri Gaming Association

  22. Focus Group Discussion • When & why members joined • Value of membership • Role as member • Benefits as member • Communications Missouri Gaming Association

  23. Perceived Roles • Fund legislative lobbying • Support casinos’ favorite charities Missouri Gaming Association

  24. Desired Roles • Political action • Commitment to cause • Community relations • Letter writing – media, legislators • Legislative visits • Promote casinos in the community Missouri Gaming Association

  25. Desired Member Benefits • Networking • Recognition • Attend MGA events • Associate Member on the board • Legislative action Missouri Gaming Association

  26. Recommendations • Establish mission & vision • Involve casino staff • Develop materials • Communicate regularly • Engage & recognize Missouri Gaming Association

  27. 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

  28. 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

  29. Cornerstone Membernew board position Rosana “Rosie” Privitera Biondo, President Mark One Electric, Kansas City Missouri Gaming Association

  30. Missouri Gaming Association

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