DOCSLIB.ORG

Club Cal Neva– Established Downtown Reno Casino & Hotel Acquisition Opportunity

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Club Cal Neva– Established Downtown Reno Casino & Hotel Acquisition Opportunity Available: Club Cal Neva– Established Downtown Reno Casino & Hotel Acquisition Opportunity Downtown Reno E. Peppermill Casino Reno/Tahoe F. Reno-Sparks Livestock International Airport Events Center A. Reno Events Center G. Grand Sierra Resort & F B. National Bowling Casino Stadium H. Rail City Casino C. Reno Convention Center I. The Nugget D. Atlantis Casino H I Downtown Reno G A Global Gaming & Hospitality LLC (“GGH”) is pleased to announce the sale of the B E Club Cal Neva Hotel & Casino and related assets (the “Property”), owned by Sierra Development Company (the “Company”), located in the center of historic downtown Reno, NV, which has a long-standing history as a mid- market gaming property for value-oriented consumers. D The Property primarily consists of: 1) Cal-Neva Casino (located on East 2nd St), 2) Nevadan Hotel (loc on N. Virginia St), 3) two parking garages (one C adj & one across st from casino) & 4) warehouse (loc ~1 mile east) The Property, situated on ±2.79 acres, has been in continuous operation for 49+ years and is strategically located at the intersection of Virginia St & East 2nd St – within convenient walking distance to all major downtown casinos and entertainment offerings For general inquires or information, please contact: The casino currently features ±60k sq. ft. of gaming space, 850 slots, 37 table games and 3 live poker games along with 181 hotel rooms (+21 slots) Carlton L. Geer Michael S. Kim Downtown Reno is under-going a period of renaissance/rejuvenation, with Managing Partner Managing Partner major investment capital expended on several significant projects such as new luxury condos (Montage), a baseball stadium (incl entertainment district), Global Gaming & Hospitality, LLC Global Gaming & Hospitality, LLC bowling stadium, events center and other general improvement projects. Direct: (702) 823-1952 Direct: (212) 933-0377 The Company and/or the Property are currently being offered for sale with Mobile: (702) 321-7331 Mobile: (917) 509-2975 flexibility in regards to the structure of a potential transaction [email protected] [email protected] This opportunity offers prospective buyers unique access to a casino with long-standing history of operations & two separate non-restricted gaming 3243 E. Warm Springs Rd, Suite #121 903 Madison Avenue, Suite #5F licenses (one grandfathered w/o a hotel room requirement), established brand value & awareness, and alternative real estate potential Las Vegas, NV 89120 New York, NY 10021 GGH 1 Global Gaming & Hospitality Private and confidential www.gghsp.com Washoe County/Reno NV Market Overview RENO Sacramento Legend Population Density Drive Time Rings San Francisco 1,000,000 to 2,000,000 people 30 minute drive & 500,000 to 999,999 people 60 minute drive Oakland 100,000 to 499,999 people 90 minute drive 0 to 99,999 people 120 minute drive Reno/Sparks is among the oldest and most established The Reno/Sparks MSA encompasses a population of ±419,000 people, a considerable locals base gaming markets in the US ranking 15th among sub-markets for gaming and other entertainment activities Lowest gaming tax in US at ±7.0%, depending upon The Reno/Sparks gaming market is highly-correlated with economy/demographics of Northern jurisdiction & local taxes California, currently witnessing recovery & growth driven by resurgence of tech sector. Unlimited gaming license state; however, supply 4.2MM adults (21+) live within a three hour drive from Club Cal Neva, including the highly- limited by ability to obtain local & NGC site approvals populated areas of Sacramento, San Francisco & Oakland The Reno/Sparks $1MM+ market features: Since 2000, the Washoe County Reno/Sparks gaming market experienced historical 22 casinos in the Reno/Sparks $1MM+ market, fluctuations in gaming revenues incl declines from 2000-03 (tech bubble & 9/11), and 2006- producing gaming win of $679.4MM in 2010 and YTD 10 (due to the Great Recession and Tribal competition in CA) Despite these historical declines in gaming revenue/positions, the market grew 4.9% from (10/11) gaming win of $±558.3MM 2003 to 2006 and mostTo recently Add: shows signs of stabilization, evidenced by rapidly slowing ±18,000 gaming positions yielding a WPPD of rate of 6 month movingHistorical average Volumedecline Gamingin gaming Revenue, revenues since Dec 09 approximately $98 (TTM 10/11) Most recently investment capitalVisitation, has textbeen on deployed the market in downtownand Reno including: 4.6MM casino hotel room nights occupied in 2010, a Purchase of the Grand demographicsSierra Resort for ±$43MM 70% market occupancy rate, at an ADR of $72 Purchase of the Siena Hotel Spa Casino for ±$3.9MM, plus renovations Reno hotel patrons average 3 nights per stay and Purchase of the Riverboat Hotel for $4.6MM spend ~$1,000 on a trip per person (2007) Fitzgerald’s conversion to CommRow for est $2.5MM GGH 2 Global Gaming & Hospitality Private and confidential www.gghsp.com Club Cal Neva Property Overview – Reno, NV A B C C Downtown Reno A. The Montage Condo Complex B. CommRow Hotel (Formerly Fitzgerald’s) C. Harrah’s Casino Hotel Reno D. Siena Hotel & Spa D Property Features: Club Cal-Neva Casino has ±60,000 SF of gaming space featuring 850 slot machines, 37 tables, 3 live poker games, full sports book, 3 restaurants, 2 snack bars/delis, a cabaret bar for entertainment and 5 bars Offers variety of slot & table gaming “experiences” incl poker, blackjack, craps, etc. accessible from two main thoroughfares (Virginia & Center Street), in addition to main 2nd Street frontage Gaming license for primary Club Cal-Neva Casino “grandfathered” w/no hotel room requirement Nevadan Hotel with foot print of ±17,500 SF, consists of 181 hotel rooms (avg size ±324 SF) incl. 21 slots Hotel currently has separate non-restricted gaming license, which is potentially “moveable” Two separate structured parking garages w/±1,240 total parking spaces are conveniently located in the downtown core adjacent to and across the street from the Club Cal-Neva casino (connected via sky-walk) Real estate consists of a ±121k SF site, ±103k SF owned fee simple and ±18k SF leased land, along with a ±20,000 SF fee simple site that houses a separate warehouse located ~1 mile east of the casino, offering substantial alternative commercial real estate use opportunity Investment Highlights: Central location in downtown “core” includes established properties owned & operated by Eldorado, MGM, Harrah’s, and Affinity Gaming (formerly Herbst), among others 4th largest casino in re-vitalized downtown district (by # of gaming positions) Long-standing historical track record (49+ yrs) of operations and presence in Reno community with continuity of ownership & management & established “brand-equity” constructed around core Cal-Neva sportsbook (recently under contract to be acquired & re-vitalized by William Hill plc (“HILL”) Casino stand-alone (excluding hotel) generated net revenues of ±$16.6MM and ±$986k in adjusted EBITDA for seven months April 1, 2011 to November 30, 2011 Excludes results of race & sports book operations currently under contract to be sold to HILL GGH 3 Global Gaming & Hospitality Private and confidential www.gghsp.com Transaction Highlights Global Gaming & Hospitality LLC (“GGH”) and its subsidiary Global For additional information related to any potential transaction please contact either Gaming & Hospitality Real Estate Services LLC (“GGHRES”) have been Carlton Geer or Michael Kim with GGH or visit us at: retained to sell the Company or the Property, either in whole or in http://www.gghsp.com/Transactions/trx-details.asp?ID=8 part, excluding certain assets already under contract to be sold to William Hill plc, the world’s largest on-line bookmaker As part of this process, the Company in its sole discretion may elect to sell the stock of the Company or, alternatively, pursue a sale or re-capitalization of all or the component parts of the Property individually, offering flexibility to prospective buyers Sparks regarding the potential structure of a transaction(s) Market 1 1 The Company has been closely-held & controlled largely by the same 3 4 2 group of family shareholders for 30+ years, providing a buyer with the 8 5 1 4 3 2 opportunity to secure multiple gaming licenses in NV (incl original 6 1 7 1 “grandfathered” license) along with ownership of hard asset that has 1 a long track record of generating significant historical revenues & cash Reno flow Market Casino # Slots # of Tables # Rooms Market Opportunity also provides immediate re-positioning or alternative 1 Cal Neva 877 37 181 Downtown Reno 2 Circus Circus 930 35 1,572 Downtown Reno real estate use opportunities including, among others, potentially bi- 3 Eldorado 1,260 44 816 Downtown Reno 4 Gold Dust West 480 28 - Downtown Reno furcating or downsizing existing casino, exploring alternative use or 1 0 5 Harrah's 850 37 928 Downtown Reno development for hotel, achieving substantial reduction in fixed 6 Sands Regency 550 15 860 Downtown Reno Lake operating costs and greater operating efficiencies while concentrating 7 Siena 425 16 214 Downtown Reno Tahoe 9 8 Silver Legacy 1,420 61 1,720 Downtown Reno on serving the Property’s “core” customer base Market 9 Atlantis 1,463 39 938 Other Reno Additional opportunity to “revitalize” value proposition & 10 Peppermill 1,632 46 1,635 Other Reno 11 Grand Sierra 1,050 38 1,994 Other Reno customer perception as “Reno’s Best Bet”, by concentrating on 12 The Nugget 1,107 26 1,600 Sparks Market core gaming customer 13 Rail City 900 5 - Sparks Market 14 Western Village 790 9 147 Sparks Market GGH 4 Global Gaming & Hospitality Private and confidential www.gghsp.com Disclaimer This Preliminary Investment Summary (the “Summary”) is intended for the use of prospective buyers, investors or strategic JV partners (each an “Interested Party”) in determining whether or not to pursue a potential transaction involving the subject Property and/or the Company.
Load more

Recommended publications
  • 03/06/18 State of Nevada Gaming Control Board Erfnrp 08:44 Am
    03/06/18 STATE OF NEVADA GAMING CONTROL BOARD ERFNRP 08:44 AM 2017 DATA LISTING OF FINANCIAL STATEMENTS SQUARE FOOTAGE Pg 1 Statewide RACE & POKER LOCATION PIT GAMES SLOTS KENO BINGO SPORTS & PAN TOTAL ALAMO CASINO - LAS VEGAS TA 144 2,536 0 0 0 120 2,800 ALAMO CASINO - MILL CITY 0 4,100 0 0 0 0 4,100 ALAMO CASINO AT WELLS PETRO 0 5,000 0 0 0 0 5,000 ALAMO TRAVEL CENTER 1,400 5,550 0 0 0 200 7,150 ALIANTE CASINO + HOTEL 5,060 100,116 0 5,624 14,200 0 125,000 AQUARIUS CASINO RESORT 8,215 42,075 0 0 6,780 0 57,070 ARIA RESORT & CASINO 48,147 86,028 0 0 10,156 5,669 150,000 ARIZONA CHARLIE'S BOULDER 2,125 35,950 0 7,546 1,920 0 47,541 ARIZONA CHARLIE'S DECATUR 1,903 39,092 560 9,196 4,096 380 55,227 ATLANTIS CASINO RESORT 5,500 53,614 800 0 3,000 1,900 64,814 BALDINI'S SPORTS CASINO 0 41,250 300 0 0 0 41,550 BALLY'S LAS VEGAS 10,963 45,435 1,336 0 7,932 2,709 68,375 BARLEY'S CASINO & BREWING COMPANY 0 4,440 0 0 750 0 5,190 BARTON'S CLUB 93 2,500 10,050 0 0 0 0 12,550 BELLAGIO 38,332 103,698 0 0 6,320 7,650 156,000 BIGHORN CASINO 240 3,500 0 0 0 0 3,740 BINION'S GAMBLING HALL & HOTEL 14,400 59,600 0 0 0 3,800 77,800 BODINE'S 0 11,070 0 0 504 0 11,574 BONANZA CASINO 350 12,134 0 0 0 0 12,484 BONANZA INN AND CASINO 0 5,430 400 0 0 0 5,830 BONANZA LOUNGE 0 1,560 0 0 0 0 1,560 BOOMTOWN RENO 1,400 36,150 500 0 0 500 38,550 BORDERTOWN 0 4,600 0 0 0 0 4,600 BOULDER STATION HOTEL & CASINO 8,500 62,985 1,500 9,125 5,500 1,833 89,443 BROADWAY COLT INN CASINO 0 570 0 0 0 0 570 BUFFALO BILL'S RESORT & CASINO 7,442 53,930 0 0 0 0 61,372 CACTUS JACK'S SENATOR CLUB 0 3,600 0 0 0 400 4,000 03/06/18 STATE OF NEVADA GAMING CONTROL BOARD ERFNRP 08:44 AM 2017 DATA LISTING OF FINANCIAL STATEMENTS SQUARE FOOTAGE Pg 2 Statewide RACE & POKER LOCATION PIT GAMES SLOTS KENO BINGO SPORTS & PAN TOTAL CACTUS PETES RESORT CASINO 3,870 19,332 0 0 0 896 24,098 CAESARS PALACE 21,438 90,713 0 0 7,908 4,122 124,181 CALIFORNIA HOTEL AND CASINO 6,334 26,869 2,240 0 1,960 0 37,403 CANNERY HOTEL CASINO, THE 3,500 63,879 0 5,108 5,855 625 78,967 CARSON NUGGET, INC.
    [Show full text]
  • Guide to the John Hamilton Collection of Keno Pay Charts
    Guide to the John Hamilton Collection of Keno Pay Charts This finding aid was created by Joyce Moore on September 25, 2017. Persistent URL for this finding aid: http://n2t.net/ark:/62930/f11w24 © 2017 The Regents of the University of Nevada. All rights reserved. University of Nevada, Las Vegas. University Libraries. Special Collections and Archives. Box 457010 4505 S. Maryland Parkway Las Vegas, Nevada 89154-7010 [email protected] Guide to the John Hamilton Collection of Keno Pay Charts Table of Contents Summary Information ..................................................................................................................................... 3 Biographical Note ............................................................................................................................................ 3 Scope and Contents Note ................................................................................................................................ 3 Arrangement .................................................................................................................................................... 4 Administrative Information ............................................................................................................................. 4 Names and Subjects ........................................................................................................................................ 4 Collection Inventory .......................................................................................................................................
    [Show full text]
  • 2011 Washoe County Emissions Inventory Page I
    WASHOE COUNTY, NEVADA 2011 PERIODIC EMISSIONS INVENTORY November 2012 Prepared by: Ms. Yann Ling-Barnes, P.E. Mr. Craig A. Petersen Mr. Brendan Schnieder Washoe County Health District Air Quality Management Division P.O. Box 11130 Reno, Nevada 89520 This page intentionally left blank ACKNOWLEDGEMENTS The Air Quality Management Division of the Washoe County Health District wishes to extend its appreciation to the following organizations and local agencies for their assistance in completing this emission inventory: Amtrak City of Reno Fire Department City of Reno, Reno/Stead Water Reclamation Facility City of Sparks Fire Department City of Reno Public Works Department City of Sparks Public Works Department Incline Village General Improvement District North Lake Tahoe Fire Protection District NV Energy Regional Transportation Commission of Washoe County Reno-Tahoe Airport Authority Sierra Fire Protection District Southwest Gas Cooperation State of Nevada, Department of Agriculture, Bureau of Petroleum Technology State of Nevada, Department of Conservation and Natural Resources, Division of Environmental Protection State of Nevada, Department of Conservation and Natural Resources, Division of Forestry State of Nevada, Department of Motor Vehicles and Public Safety State of Nevada, Department of Conservation and Natural Resources, Division of State Lands State of Nevada, Department of Transportation The Nature Conservancy Truckee Meadows Water Reclamation Facility Union Pacific Railroad United States Department of the Interior, Bureau of Land Management, Winnemucca District United States Fish & Wildlife Service, Sheldon National Wildlife Refuge United States Forest Service, Humboldt-Toiyabe National Forest Washoe County, Department of Community Development Washoe County, Department of Public Works Washoe County, Department of Water Resources TABLE OF CONTENTS SECTION PAGE NO.
    [Show full text]
  • Fiscal and Capacity Requirements
    CONSULTANT SERVICES FOR THE GAMING REGULATORY OVERSIGHT AUTHORITY Area 2: Fiscal and Capacity Requirements October 21, 2013 0 Table of Contents 1 Approach By direction of NH RSA 284-A, the New Hampshire Gaming Regulatory Oversight Authority has directed WhiteSand to prepare a report identifying the strengths and weaknesses of the 2013 NH legislative proposals as compared to the best and most relevant components of the regulatory provisions in the other comparator states. This part of the report addresses fiscal and capacity requirements: WhiteSand has approached this particular task using a formal methodology to determine market demand. We reviewed the specific demographics and other attributes of the gaming jurisdiction to be evaluated. This included, but was not limited to, population, income levels, age distribution, nearby competition and gaming tax rates. We evaluated these factors within ranges of 30, 60 and 90 miles of the proposed gaming facility general location. In order to provide a consistent measurement of demographics within a specific region we use distance radii from the region. Using distance rather than driving time eliminates fluctuations due to drive times, day of week, unpredictable events (e.g., accidents, weather, etc.) and other factors. Distance radii are translatable to drive times in most scenarios and provide more consistent results due to the reduction of unpredictability. Using this information, we then identifed a “Competitive Set” for the proposed gaming facility - other gaming properties to be compared based on similar demographics and characteristics. While the properties identified in the competitive set usually do not provide an exact match, they present enough similarities to evaluate market demand and estimate key financial statistics.
    [Show full text]
  • Online Casino Player Count Service™
    Wells Gaming Research Service you can count on! Information Package Professional Services Online CPCS™ Description Richard H. Wells, Background & Qualifications Client List (Current & Previous Clients) March 2005 495 Apple Street, Suite 205 Reno, Nevada 89502 Phone: (775) 826-3232 Fax: (775) 827-0986 E-Mail: [email protected] Web Page: http://www.wellsgaming.com/ Professional Services Offered Wells Gaming Research (hereinafter referred to as WGR) is a highly respected provider of a wide-range of research and advisory services for the casino gaming industry. Included are: Casino Player Count Service™ WGR's Casino Player Count Service™ has become the standard for measuring relative player count performance within the casino gaming industry. Our player count service is widely used by casinos, as well as by a select group of investment bankers. WGR’s weekly online player count reports are accompanied by a host of powerful, user friendly analytical tools that make it quick and easy for a client casino to monitor the competition. Client casinos can simply logon to WGR’s website and evaluate their competitors using the following performance criteria: • Casino rankings based on player count volume • Number of table game and/or slot machine players • Percent distribution of players • Gaming capacity inventory for both table games and slot machines • Percent distribution of market capacity • Percent of capacity utilized • User defined market fair share percentages Fair Share Goal Setting Targets for User Defined Markets One of the newest and most exciting features of WGR’s Casino Player Count Service™ is fair share goal setting for user defined markets. WGR’s online player count service automatically calculates the number of players required for a casino to reach a series of fair market share targets (for example, 100%, 105%, and 110%).
    [Show full text]
  • Investor Presentation Second Quarter 2019 Forward-Looking Information
    Investor Presentation Second Quarter 2019 Forward-Looking Information This presentation contains certain forward-looking information that generally can be identified by the context of the statement or the use of forward-looking terminology, such as “believes,” “estimates,” “anticipates,” “intends,” “expects,” “plans,” “is confident that,” “should” or words of similar meaning, with reference to Monarch Casino & Resort or our management. Similarly, statements that describe our future plans, objectives, strategies, financial results or position, operational expectations, or goals are forward-looking statements. It is possible that our expectations may not be met due to various factors, many of which are beyond our control, and we therefore cannot give any assurance that such expectations will prove to be correct. For a discussion of relevant factors, risks, and uncertainties that could materially affect our future results, attention is directed to Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations in our latest 10-Q and other filings under the Securities and Exchange Act of 1934. 2 Company Overview Summary . Excellent economic fundamentals in Reno and Black Hawk markets . Significant outside business investment in the Reno area (Tesla, Apple, Amazon, Google, Switch, Jet.com, Zulily, etc.) . Denver economy is one of the nation’s strongest . Monarch’s properties have the premier locations in both markets . Hands-on, results-oriented management with strong operating track record . Increased adjusted EBITDA 55% at Black Hawk in first year of ownership . Strong balance sheet with current net leverage of 1.7x . Financial overview: 2Q19 LTM . Net revenue of $245.6 million . Adjusted EBITDA of $62.1 million Source: Monarch Casino & Resort analysis, company filings 4 Regional Summary Reno, NV .
    [Show full text]
  • Licensed Tobacco Retail Accounts 3/1/2021
    LICENSED TOBACCO RETAIL ACCOUNTS 3/1/2021 1006464751 001 $ DISCOUNT FOOD MART 5030 E TROPICANA AVE STE 1 LAS VEGAS NV 891226750 1008165212 002 168 MARKET 3459 S JONES BLVD LAS VEGAS NV 891466729 1041444079 001 1864 WINE & SPIRITS 8380 N DECATUR BLVD STE 102 NORTH LAS VEGAS NV 89085 1016230842 001 2000 XO LIQUOR 3319 S MARYLAND PKWY LAS VEGAS NV 891693097 1013218434 001 24 HOUR MINI MART 4375 W DESERT INN RD STE G LAS VEGAS NV 891027678 1016066317 001 24 HR SMOKE SHOP 511 E CHARLESTON BLVD LAS VEGAS NV 891041318 1016641346 001 24 SEVEN 6760 US HIGHWAY 95A S SILVER SPRINGS NV 894296908 1012257975 001 24 SEVEN GAS & FOOD MART 2424 E RUSSELL RD LAS VEGAS NV 891202417 1018215263 002 24 X 7 MINIMART 4708 W CHARLESTON BLVD LAS VEGAS NV 891021508 1002172411 001 24/7 XPRESS 201 N STEPHANIE ST HENDERSON NV 890748060 1040441319 001 2U DELIVERY INC 9895 S MARYLAND PKWY STE C LAS VEGAS NV 891837165 1035207940 001 333 EAGLES LANDING TRAVEL PLAZA LLC 1057 S LOWER FLAT TOP DR MESQUITE NV 89027 1015133223 001 4 S SMOKE SHOP 4555 E CHARLESTON BLVD STE 112 LAS VEGAS NV 891045510 1000795691 001 5J MUSIC LLC 438 S 5TH ST ELKO NV 898014277 1042213798 001 7 ELEVEN #39385 2810 N RANCHO DR LAS VEGAS NV 891303309 1042213798 002 7 ELEVEN #39431 4665 E SUNSET RD HENDERSON NV 890142215 1042213798 003 7 ELEVEN #39454 4240 E CRAIG RD NORTH LAS VEGAS NV 890307599 1042213798 004 7 ELEVEN #39463 1100 S RAINBOW BLVD LAS VEGAS NV 891461099 1001832132 001 7 ELEVEN 15449E 3589 N NELLIS BLVD LAS VEGAS NV 891150754 1008974587 001 7 ELEVEN 1607-32113B 1601 W OAKEY BLVD LAS VEGAS
    [Show full text]
  • Task 4 – Project Specific Gaming Revenue Projections
    Task 4 – Project Specific Gaming Revenue Projections South Central Gaming Zone – Sumner County, Kansas Final Report Prepared For: Kansas Lottery Gaming Facility Review Board July 15, 2008 Prepared By: Wells Gaming Research 495 Apple Street, Suite 205 Reno, NV 89502 775-826-3232 http://www.wellsgaming.com Task-4 Project Specific Gaming Revenue Projections South Central Gaming Zone of Kansas Table of Contents Section 1 Page # Introduction 1-1 Research Methodology & Scope of Work 1-3 Map - South Central Zone 1-5 Gravity Model Analyses 1-6 Limiting Conditions 1-7 Section 2 Trade Area Summary 2-1 Map - South Central Zone 2-2 Current Gaming Capacity 2-3 Gravity Model Projections 2-5 Sumner Resort Harrah's Kansas 2-6 Map - South Central Zone, Harrahs Kansas Resort 2-8 Gaming Capacity Recap 2-9 WGR's Gravity Model Forecasts Compared w/ Harrah's Pro Forma Projections 2-10 Financial Statement Analyses 2-13 Balance Sheet 2-14 Income Statement 2-17 Penn National's Casino Resort in Wellington, Kansas 2-24 Map - South Central Zone, Penn National Sumner 2-26 Gaming Capacity Recap 2-27 Gravity Model Forecasts Compared w/ Penn National's Pro Forma Projections 2-28 Balance Sheet Analysis 2-31 Income Statement 2-34 Marvel Gaming, LLC 2-41 Map - South Central Zone, Marvel Gaming 2-43 Gaming Capacity Recap 2-44 Comparison of the Gravity Model Forecasts with Marvel's Pro Forma Projections 2-45 Balance Sheet 2-48 Income Statement 2-51 Section 3 Wells Gaming Research Company Information 3-1 Wells Gaming Research July 2008 Task-4 Project Specific Gaming Revenue Projections South Central Gaming Zone of Kansas Introduction The State of Kansas has lost gaming revenues for many years to a number of surrounding states, particularly to Missouri and Oklahoma.
    [Show full text]
  • Project Specific Gaming Revenue Projections
    Task 4 – Project Specific Gaming Revenue Projections Southeast Gaming Zone – Cherokee County, Kansas Final Report Prepared For: Kansas Lottery Gaming Facility Review Board July 15, 2008 Prepared By: Wells Gaming Research 495 Apple Street, Suite 205 Reno, NV 89502 775-826-3232 http:/www.wellsgaming.com Task-4 Project Specific Gaming Revenue Projections Southeast Gaming Zone of Kansas Table of Contents Section 1 Page # Introduction 1-1 Research Methodology & Scope of Work 1-3 Map - Southeast Zone, Penn National Cherokee 1-4 Gravity Model Analyses 1-6 Limiting Conditions 1-8 Section 2 Trade Area Summary 2-1 Map - Southeast Zone, Penn National Cherokee 2-2 Current Casino Capacity 2-3 Gravity Model Projections 2-5 Penn National's Cherokee Casino Project 2-7 Capacity Recap w/ the Cherokee Casino (Phase 1) Added 2-8 Cherokee Project w/ Full Build-Out 2-9 Gravity Model Forecasts Compared with Penn's Pro Forma Projections 2-11 Gaming Revenue Comparisons 2-13 Financial Statement Analyses 2-15 Income Statement 2-19 Section 3 Wells Gaming Research Company Information 3-1 Wells Gaming Research July 2008 Task-4 Project Specific Gaming Revenue Projections Southeast Gaming Zone of Kansas Introduction The State of Kansas has lost gaming revenues for many years to a number of surrounding states, particularly to Missouri and Oklahoma. The recent development of numerous tribal casinos in Oklahoma exacerbated the problem. In an effort to stem the flow of gaming revenues and related taxes, Kansas’ legislators passed Senate Bill 66 (the Kansas Expanded Lottery Act), which legalized casino gaming. SB 66 was signed by the governor in 2007.
    [Show full text]
  • Tentative 2021 Schedule of Events Updates Will Occur As Soon As Information Is Received Times, Entertainment & Events Subject to Change
    TENTATIVE 2021 SCHEDULE OF EVENTS UPDATES WILL OCCUR AS SOON AS INFORMATION IS RECEIVED TIMES, ENTERTAINMENT & EVENTS SUBJECT TO CHANGE FRIDAY, JULY 30, 2021 ENTERTAINMENT – RENO/SPARKS HISTORIC VIRGINIA CITY, NEVADA Grand Sierra Resort 8am to 4pm Car Participant Check-In & Registration Grand Theatre Location TBD 8pm Gladys Knight – Tickets from $35 – Call 9am to 4pm Hot August Nights Foundation 50/50 Raffle (775) 789-1115 or go to Ticket Sales for Charity – Free Shot Glass with www.grandsierraresort.com $20 Purchase or More (while supplies last) One Ticket Will Be Drawn on Saturday, July 31st MONDAY, AUGUST 2, 2021 & the Winner Will Take Home 50% of the Cash 7am to Noon Special Hot August Nights Breakfast $12.99 – from the Combined Two Days of Ticket Sales Purchase the Special Breakfast & Receive a 9am to 4pm Classic Car Show-n-Shine along Historic “C” Free 2021 Commemorative Hot August Nights Street Retro Lunch Box (while supplies last) – Baldini’s 9am to 4pm Hot August Nights Souvenir Merchandise & Casino Oldies Emporium – Delta Venue Lot 7am to 10pm Receive a 2021 Commemorative Hot August 11am to 4pm Poker Walk – Check in at the Delta Venue Lot Nights Retro Lunch Box – see Club Desk for 4pm to 5pm Classic Car Cruise through Historic Virginia City details (while supplies last) – Baldini’s Casino Noon to 7pm NEVADANS ONLY Car Participant Check-In & ENTERTAINMENT- VIRGINIA CITY Registration – Must Present a Valid Nevada Delta Venue Lot Driver’s License to Pick Up Packet – Grand 9am to 1pm DJ’s Steve West & Rich West Sierra Resort SILVER STATE PAVILION 1pm to 5pm Lady an the Tramps Noon to 7pm Hot August Nights Foundation 50/50 Raffle Ticket Sales for Charity inside Check-In at GSR.
    [Show full text]
  • Ngc 13-23 Feb 13 2014
    RECEIVED/FILED 1 NGC 13-23 FEB 13 2014. 2 NEVADA GAMING COMMISSION CARSON CITY, NEVADA 3 STATE OF NEVADA 4 BEFORE THE NEVADA GAMING COMMISSION 5 STATE GAMING CONTROL BOARD, 6 Complainant, 7 vs. 8 PEPPERMILL CASINOS, INC., dba COMPLAINT 9 PEPPERMILL HOTEL & CASINO; 10 WESTERN VILLAGE; RAINBOW CLUB AND CASINO; 11 RAINBOW CASINO; and PEPPERMILL INN & CASINO, 12 Respondent. -e C\1 Cll 0 13 Cllc::: C\1 (,!] Ql� t-.§Ol."!:::::� -r- 14 The State of Nevada, on relation of its State Gaming Control Board (BOARD), oe·-� aictl :t:O· ctlc:-octl oq; 15 Complainant herein, by and through its counsel, CATHERINE CORTEZ MASTO, Attorney Cll.!:Ol��_J > :S�ijci 'OC!JS255 16 General, and MICHAEL P. SOMPS, Senior Deputy Attorney General, hereby files this oil: � C\1 ""'" Complaint for disciplinary action against Respondent pursuant to Nevada Revised Statute 0 l() 17 18 (NRS) 463.31 0(2) and alleges as follows: 19 1. Complainant, BOARD, is an administrative agency of the State of Nevada duly 20 organized and existing under and by virtue of chapter 463 of NRS and is charged with the 21 administration and enforcement of the gaming laws of this state as set forth in Title 41 of NRS 22 and the Regulations of the Nevada Gaming Commission. 23 2. Respondent, PEPPERMILL CASINOS, INC., is licensed by the Nevada Gaming 24 Commission to operate gaming in Nevada as follows: 25 (a) Doing business as PEPPERMILL HOTEL & CASINO located at 2707 South Virginia 26 Street, Reno, Nevada as a Nonrestricted licensee; 27 (b) Doing business as WESTERN VILLAGE located at 815 Nichols Boulevard, Sparks, 28 Nevada as a Nonrestricted licensee; 1 1 (c) Doing business as RAINBOW CLUB AND CASINO located at 122 Water Street, 2 Henderson, Nevada as a Nonrestricted licensee; 3 (d) Doing business as RAINBOW CASINO located at 1045 Wendover Boulevard, West 4 Wendover, Nevada as a Nonrestricted licensee; 5 (e) Doing business as PEPPERMILL INN & CASINO located at 100 West Wendover 6 Boulevard, West Wendover, Nevada as a Nonrestricted licensee.
    [Show full text]
  • WCHD UST Master List
    8/4/2020 USTs IN WASHOE COUNTY, NEVADA 1 AUGUST 3, 2020 UST MASTER LIST # OF # OF CONFIRMED EMERGENCY INITIATED UNDER CLEANUP REMEDIATION SITE ADDRESS SITE NAME UST # STATUS TANKS TANKS RELEASE ACTION CLEANUP CONTROL COMPLETE ORDERED CLOSED TF1*** TF2*** 2A1*** 2B1*** 2C1*** TF6*** 4775 AIRCENTER CR. PORSCHE CARS N.A. 696 CLOSED 1 1 0 0 0 0 0 0 880 ALDER INC VILL COMM HOSP 680 CLOSED 2 2 0 0 0 0 0 0 4600 ALPHA AVE. NEVADA MILITARY DEPT. 259 CLOSED 3 3 1 0 1 1 1 1 4990 ALPHA AVE. CITY OF RENO-FS #9 (OLD) 270 CLOSED 1 1 0 0 0 0 0 0 5470 ALPHA AVE. WC AIRPORT AUTHORITY 861 CLOSED 1 1 0 0 0 0 0 0 995 AMBASSADOR DR. MAVERIK STORE #427 993 OPEN 4 0 0 0 0 0 0 0 345 N ARLINGTON AVE. SANDS REGENCY HOTEL 947 CLOSED 1 1 0 0 0 0 0 0 350 S ARLINGTON AVE. ARLINGTON GAS 324** OPEN 3 0 1 0 1 1 1 1 400 S ARLINGTON AVE. CITY OF RENO 894 CLOSED 1 1 0 0 0 0 0 0 450 N ARLINGTON AVE. SUNDOWNER 965 CLOSED 2 0 0 0 0 0 0 0 555 N ARLINGTON AVE. RENO ORTHOPEDIC CLINIC 1006 CLOSED 1 1 0 0 0 0 0 0 2601 S ARLINGTON AVE. WC-GOLF COURSE 445 CLOSED 2 2 1 0 1 1 1 1 2601 S ARLINGTON AVE. WC-GOLF (CLUB HOUSE) 835 CLOSED 1 1 0 0 0 0 0 0 20000 ARMY AVIATION DR STEAD AASF 583 CLOSED 0 4 1 0 0 0 0 0 35 AUTO CENTER DRIVE CARMAX #7280 998 EPA 1 0 0 0 0 0 0 0 1910 AUTOMOTIVE WY.
    [Show full text]