6385 S. RAINBOW BLVD., SUITE 105 T: 702.967.3333 LAS VEGAS, NEVADA 89118 F: 702.314.1439 APPLIEDANALYSIS.COM February 25, 2015 Mr. Marcus Prater Executive Director Association of Gaming Equipment Manufacturers P.O. Box 50049 Henderson, NV 89016-0049 Sent via email (
[email protected]) RE: Slot Market Assessment: Analysis of Industry Data Dear Mr. Prater: In accordance with your request, Applied Analysis (“AA”) is pleased to submit this Slot Market Assessment: Analysis of Industry Data report. AA was retained by the Association of Gaming Equipment Manufacturers (the “Association” or “AGEM”) to review and analyze available slot revenue and hold data in 16 jurisdictions to better understand historical market performance trends. This summary report outlines the salient findings and conclusions of our review and analysis as of the date of this report. This report was designed by AA in response to your request. However, we make no representations as to the adequacy of these procedures for all your purposes. Generally speaking, our findings and estimates are as of December 31, 2014 and utilize the most recent data available. This report is dated as of the last day of our fieldwork. The information provided in this summary, and the conclusions reached herein, are based on the findings of our research and our knowledge of the market as of the date of this report. Our report contains gaming data and other industry-related information. This information was collected from our internal databases and various third parties, including the Association and other public data providers. The data were assembled by AA.