NE,VADA

GAMINGABSTRACT

2015

Nevada Gaming Control Board NEVADA

GAMING ABSTRACT

2015

A report of combined financial information reported by nonrestricted Nevada gaming licensees grossing $t million or more in gaming revenue for the fiscal year ended June 30, 2015. INTRODUCTION

The 2015 NEVADA GAMING ABSTRACT is presented in the same format as the 2014 Abstract.

lnformation is presented in the following sequence throughout this report,

Combined Balance Sheet Combined lncome Statement - Summary Combined lncome Statement - Detail Casino Department Rooms Department Food Department Beverage Department Other lncome Average Number of Employees Rate of Room Occupancy Per Room per Day Statistics Gaming Revenue per Square Foot Ratios

Section 1 features casinos grossing $1,000,000 and over in gaming revenue during the year, with aggregate totals shown Statewide, and for Clark County, Douglas County - South Shore Lake Tahoe, Elko County, Carson Valley, Washoe County, and the Balance of Counties.

Section 2 stratifies certain geographical areas into smaller groups based on gross gaming revenue which includes:

Clark County - Las Vegas Strip, Downtown Las Vegas, Laughlin, Boulder Strip, and Balance of Clark CountY.

Elko County - Wendover

Washoe County - Reno/Sparks and Balance of Washoe County

Section 3 features Statewide Casinos with Rooms Facilities; and Statewide Publicly Owned Casinos with reported gross gaming revenue of $12,000,000 and over for the year. PUBLICLY OWNED CASINO OPERATIONS

The following twenty-two publicly held corporations, including those with public debt only, own sixty-eight casinos grossing $12 million or more from gaming:

AFFINITY GAMING Buffalo Bill's Resort & Casino Primm Valley Resort & Casino Silver Sevens Hotel & Casino Rail City Casino Whiskey Pete's Hotel & Casino

ALST CASINO HOLDCO, LLC Aliante Casino + Hotel

AMERICAN CASINO & ENTERTAINMENT PROPERTIES LLC Aquarius Casino Resort Arizona Charlie's Boulder Arizona Charlie's Decatur Stratosphere Casino, Hotel & Tower

BOYD GAMING CORPORATION California Hotel and Casino Fremont Hotel and Casino Gold Coast Hotel and Casino Main Street Station Hotel, Casino and Brewery Orleans Hotel and Casino Sam's Town Hotel & Gambling Hall Suncoast Hotel and Casino

BREF HR, LLC Hard Rock Hotel & Casino

CAESARS ENTERTAI NMENT CORPORATION Bally's Las Vegas Caesars Palace Cromwell, The Flamingo Las Vegas Harrah's Casino Hotel Las Vegas Harrah's Casino Hotel Reno Harrah's Laughlin Harvey's Resort Hotel/Casino and Harrah's Casino Hotel Lake Tahoe Linq Hotel and Casino, The Paris Las Vegas Planet Hollywood Resort & Casino Rio All-Suite Hotel & Casino PUBLICLY OWNED CASINO OPERATIONS (CONTINUED}

CROWN RESORTS LIMITED Cannery Hotel Casino, The (b) Eastside Cannery Casino & Hotel (b)

FULL HOUSE RESORTS, INC. Grand Lodge Casino

ELDORADO RESORTS, INC. Eldorado Hotel & Casino Silver Legacy Resort Casino (a)

LAS VEGAS SANDS CORP. Venetian Resort Hotel Casino/Palazzo Resort Hotel Casino

MGM RESORTS INTERNATIONAL Aria Resort & Casino Bellagio Circus Circus Hotel & Casino Circus Circus Hotel/Casino - Reno Excalibur Hotel and Casino Luxor Hotel and Casino Mandalay Bay Resort & Casino MGM Grand Hotel/Casino Mirage, The Monte Carlo Resort & Casino New York - New York Hotel & Casino Silver Legacy Resort Casino (a)

MONARCH CASINO & RESORT, INC. Atlantis Casino Resort

NEVADA PROPERTY 1 LLC Cosmopolitan of Las Vegas, The

NGA HOLDCO, LLC Casablanca Resort & Casino Virgin River Hotel & Casino

OCM HOLDCO, LLC Cannery Hotel Casino, The (b) Eastside Cannery Casino & Hotel (b)

PENN NATIONAL GAMING, INC. M Resort Spa and Casino, The Tropicana Las Vegas PUBLICLY OWNED CASINO OPERATIONS (CONTINUED)

PINNACLE ENTERTAINMENT, INC. Cactus Petes Resort Casino

RIVIERA HOLD!NGS CORPORATION Riviera Hotel & Casino

STATION CASINOS LLC Boulder Station Hotel & Casino Fiesta Casino Hotel Fiesta Henderson Casino Hotel Green Valley Ranch Station Casino Palace Station Hotel & Casino Red Rock Casino Resort Spa Santa Fe Station Hotel & Casino Sunset Station Hotel & Casino Texas Station Gambling Hall & Hotel

STOCKBRIDGE/SBE INVESTMENT COMPANY, LLC SLS Las Vegas

TROPICANA ENTERTAINMENT INC. Montbleu Tropicana Laughlin Hotel & Casino

WYNN RESORTS, LIMITED Wynn Las Vegas

Of the 271 casinos included in this report, these sixty-eight publicly owned casinos grossed 78J% of the total reported gaming revenue for the fiscal year ended June 30,2015.

Notes: (a) Joint venture (b) Minority ownership SPECIAL NOTES: o THROUGHOUT THE ABSTRACT COLUMN TOTALS MAY NOT BALANCE WITH LISTED DETAIL DUE TO ROUNDING. o INFORMATION PRESENTED lN THIS REPORT COMES FROM UNAUDITED STANDARD FINANCIAL STATEMENTS REQUIRED TO BE FILED BY ALL NONRESTRICTED LICENSEES WHOSE GROSS GAMING REVENUE IS $1 MILLION OR MORE FOR COMMON FISCAL YEARS ENDED JUNE 30.

r NO OTHER INFORMATIONAL BREAKDOWN lS AVAILABLE OTHER THAN THAT PRESENTED IN THIS REPORT. NAMES OF CASINOS IN THE VARIOUS GROUPINGS, OTHER THAN THOSE SHOWN FOR PUBLICLY OWNED CASINOS, ARE NOT AVAILABLE TO USERS OF THIS REPORT. SECTION 1 STATEWIDE - SELECTED COUNTIES - BALANCE OF COUNTIES

INDEX

STATEWIDE Page

Combined Balance Sheet 1-1 Combined lncome Statement - Summary t-2 Combined Income Statement - Detail: Casino Department l-3 Rooms Department 1-3 Food Department l-4 Beverage Department t-4 Other Income l-5 Average Number of Employees l-5 Rate of Room Occupancy t-6 Per Room Per Day Statistics 1-6 Gaming Revenue per Square Foot t-7 Ratios t-7

CLARK COUNTY

Combined Balance Sheet r-9 Combined Income Statement - Summary 1-1 0 Combined lncome Statement - Detail: Casino Department l-11 Rooms Department 1-11 Food Department 1-12 Beverage Department t-12 Other Income l- l3 Average Number of Employees I -13 Rate of Room Occupancy t-14 Per Room Per Day Statistics 1-14 Gaming Revenue per Square Foot l- 15 Ratios I -15

DOUGLAS COUNTY. SOUTH SHORE LAKE TAHOE

Combined Balance Sheet t-17 Combined Income Statement - Summary l-1 8 Combined Income Statement - Detail: Casino Department l-19 Rooms Department l-19 Food Department t-20 Beverage Department r-20 Other Income t-2r Average Number of Employees t-21 Rate of Room Occupancy r-22 Per Room Per Day Statistics t-22 Gaming Revenue per Square Foot r-23 Ratios t-23 SECTION I - CONTINUED STATEWIDE - SELECTED COI.INTIES - BALANCE OF COUNTIES

INDEX

ELKO COUNTY Page

Combined Balance Sheet t-25 Combined Income Statement - Summary 1-26 Combined Income Statement - Detail: Casino Department t-27 Rooms Department 1-27 Food Department l -28 Beverage Department 1-28 Other Income t-29 Average Number of Employees r-29 Rate of Room Occupancy 1-30 Per Room Per Day Statistics l-30 Gaming Revenue per Square Foot 1-3 l Ratios 1-3 I

CARSON VALLEY (Carson Citv & Balance of Douelas CountY)

Combined Balance Sheet 1-33 Combined Income Statement - Summary t-34 Combined Income Statement - Detail: Casino Department 1-3 5 Rooms Department l-35 Food Department r-36 Beverage Department l-36 Other Income r-37 Average Number of Employees t-37 Rate of Room Occupancy 1-3 8 Per Room Per Day Statistics l-38 Gaming Revenue per Square Foot l-39 Ratios 1-39

WASHOE COUNTY

Combined Balance Sheet 1-41 Combined Income Statement - Summary t-42 Combined Income Statement - Detail: Casino Department t-43 Rooms Department t-43 Food Department r-44 Beverage Department t-44 Other Income 1-45 Average Number of Employees t-45 Rate of Room Occupancy t-46 Per Room Per Day Statistics 1-46 Gaming Revenue per Square Foot t-47 Ratios t-47 SECTION 1 - CONTINUED STATEWIDE - SELECTED COUNTIES - BALANCE OF COI-INTIES

TNDEX

BALANCE OF COUNTIES Page Combined Balance Sheet t-49 Combined Income Statement - Summary I -50 Combined Income Statement - Detail: Casino Department 1-51 Rooms Department l-5 I Food Department t-52 Beverage Department 1-52 Other Income l-53 Average Number of Employees 1-53 Rate of Room Occupancy l-54 Per Room Per Day Statistics 1-54 Gaming Revenue per Square Foot t-55 Ratios 1-5 5 COMBINED BALANCE SHEET l_-t Fiscal Year 2015 Statewide Casinos With Gaming Revenue of $1,000,000 and over Amounts Represent 271 Locations.

ASSETS CURRENT ASSETS DOLLARS PERCENT Cash . . 2,259,92'7,960 2.7t Receivables TOTAJ, A],LOWANCE Casino 1,,273 , 969 ,755 545,587 ,737 728,382,0L8 0.9t Trade 542 ,425 ,099 15 ,250 ,521 527 ,174,578 0.6? Sundry 9 ,220 ,429 ,5!9 599,033 9 ,2L9 ,730 , 485 l-l- . 0? Notes 139,056,386 9,000 L39,047 ,386 0.2? Prepaid Expenses 376,727,771 0.5t Other Current Assets 2l-,LLg,904,945 25.32 TOTAL CURRENT ASSETS 34 , 369 , 895 ,]-44 4l .22

FIXED ASSETS COST DEPRECIATTON Land 1-4 ,522 ,307 , 024 l.4,522,307,024 L7.42 Land fmprovements 1,503,275,L99 6]-9 ,479 ,848 883, 795, 35L 1. L? Buildings & Improvements 3l-, 735,653,703 9 ,2L4 , L62 ,724 22,527-,490,979 27 .O* Furnit.ure & Equipment LL,798 ,644,782 7 ,9LL,868 ,2gL 3,885,775,49L 4.73 Lease fmprovements 22t,806,823 L03 ,959 ,212 LL'l ,847 ,6lL 0 . 1t Construction in Progress 672,483,947 672,483,947 0.8t TOTAL FIXED ASSETS 42,604,701,403 51.0t

OTHER ASSETS 495 234 1_L4 7 .8t

TOTAT, ASSETS ...... 83 469 830 661, l-00.0?

LIABILITIES AI{D CAPITAL CI'RRENT LIABTLITIES Accounts Payable - Trade 41-4 ,392 ,894 0 . 5t Accounts Payable - Other L,923 ,5]-2 , 424 2 .3* Current Portion of Long-Term Debt 458, 040, 350 0 . 53 Accrued Expenses 988, 818, 583 1.2? other current Liabilities 2L,L66,433,L92 25.42 TOTAL CI,]RRENT LIABILITIES 24,957.,L97 ,443 29.92

LONG-TERM DEBT TOTAI OWING CURRENT PORTION Mortgages 2,275,42'7,L44 ]-40,7L6,932 2 ,l-34 ,71-0 ,2!2 2 .6* Debentures & Bonds 2,444,9tL,400 24,045,198 2 , 420 , 966 ,202 2 .92 Notes 4,475,651-,401 92,467,7L4 4,383,L83,687 5.3? Contracts 23,464,664 L2,574,759 10, 889, 895 0 . 0t Other 9,085 ,236,439 L88,235,737 8,897 ,000,702 J.0.7t TOTAL LONG-TERM DEBT 18,304,69t,048 458,040,350 L7 ,846 , 650 , 698 2l .4? OTHER LIABILITIES 23,1-48,580,84'7 27.7t TOTAI LIABII,ITIES 65,946,528,988 79.0? CAPITAI Owners Capital Accounts -8,696,875,303 -l-0.4t Capital Stock & Other Capital . 27,67]-,765,LL2 33.22 Retained Earnings -1,451-,588,1-35 -1.7* TOTAI CAPTTAL L7,523,301 ,6'73 2l .O* TOTAI LIABILITIES A}ID CAPITAL. 83,469,830,55]- 1OO.O*

Averaqe Assets Upper Quartile Median Lower Quartile 308, 005, 755 72 ,350 ,563 9 ,432 ,330 L,707,757 L-2 COMBINED INCOME STATEMENT - SUMMARY

Fiscal Year 201-5 Statewide Casinos With Gaming Revenue of $1,000,000 and over

Amounts Represent 271- LocaEions.

REVENUE DOLLARS PEREENT Gaming t0 ,622, 3gg, 619 43 -2* Rooms 5,403 ,2L9,0]-0 22.0+ Food 3,756,03L,464 r.5.3? Beverage L ,724 , 946 , 447 7. 0t Other 3,084,792,8L2 1-2.52 TOTAL REVENUE 24 ,591, 388, 351 100 . 0?

COST OF SALES L,874,l_95,595 7 .6*

GROSS MARGIN 22,7L7 ,L92,756 92.4*

DEPARTMENTAL EXPENSES L2,579,506,744 5L.2?

DEPARTMENTAL INCOME (LOSS) l-0 L37 686 oL2 4]-.2*

GENERAL AND ADMTNISTRATIVE EXPENSES Advertj-sing and Promot,ion 342 ,89g , 67 g t.4* Bad Debt Expense 1,959 ,695 0.0? Complimentary Expense (not reported in departments) ...... 237,037,83L r_. 0t Depreciation - Buildings 1,053 ,571_,920 4.3* Depreciation and Amort.ization - Other 1,076,385,005 4 .4t Energy Expense (electricity, gas, etc.) 408 ,93]-,352 t.7z Eguipment Rental or Lease 23 ,535 ,56L 0.1t Interest Expense 2 ,3L6 , ggL ,243 9 .43 Music and Entertainment 343 ,59L,902 1.4* Payroll Taxes L20 ,323 ,507 0 .5? Payroll - Employee Benefits ... 379 ,944 ,236 1.5? Payroll - Officers ... 66 ,248 , 977 0.3? Payroll - Other Employees L ,280 ,229 ,5L4 5.2t Rent of Premises 205, 081-, L86 0.8t Taxes - Real Estate 203,253,L90 0.8t Taxes and Licenses - Other 75 , L71,602 0.3? Utilities (Other than Energ"y Expense) t22 ,982 ,329 0.sE Other General and Administrative Expenses 2,54L,437,52L r_0.3? TOTAL GENERAL AND ADMINISTRATIVE EXPENSES t0,799.455.150 43 .9*

NET INCOME(LOSS) BEFORE FEDERAL INCOME TA)(ES AIiID EXTRAORDINARY ITEMS . . . -55L,779,L38 -2.72

Average Revenue Upper QuarEile Medi-an Lower Quartil-e 90,743,1,30 69,476,696 10, L5s, 360 3 , 070 ,324 COMBINED INCOME STATEMENT - DETAIL 1-3 Fiscal Year 2015 Statewide Casinos With Gaming Revenue of $l-,000,000 and over Amounts Represents 27L LocaLions.

CASINO DEPARTMENT

REVENIJE DOLI,ARS PERCENT Pit Revenue (Includes Keno and Bingo) 3 ,295 ,5L9 ,074 3l- . 0? Coin Operated Devices 6 ,904 ,930 ,454 6s. 0t Poker and Pan L42 ,252 , L20 1.3t Race Book 88 ,870 ,942 0 .8t Sports PooI L90 ,826 ,028 1 .8t TOTAL REVENI'E t0 ,622 ,398 ,6Lg r-00.0t

DEPARTMENTAL EXPENSES Bad Debt, Expense ]-4]-,8o9 ,448 r_.3t Commissions 70,L28,706 0.77 Complimentary Expense . 2 ,22! , 630 ,364 20.9* Gaming Taxes and Licenses 810, l_Lo, 939 7 .6* Preferred Guest Expenses (no complimentaries) ... 254,205,275 2.4* Payroll Taxes L82,873,280 t.7t Payroll - Employee Benefits ... 298 ,403 ,529 2.82 Payroll - Officers ... 23,365,325 0.2* Payroll - other Employees L,222,709,01-0 LL.5? Race Wire Fees 11,628 ,902 0.1-? Other Departmental Expenses 935, 806, 939 8.8? TOTAT DEPARTMENTAL EXPENSES 6 , L72 , 67L ,7L7 s8.1?

DEPARTMENTAL INCOME (LOSS) 449 726 901 41, .92

ROOMS DEPARTMENT

REVENUE DOLLARS PERCENT Room Sales ... 4 ,373 ,022 ,956 80.9? Complimentary Rooms ... l_,030 ,L96,L54 19 .1t TOTAL REVENUE 5,403.2t9.0]-0 100.0?

DEPARTMENTAI EXPENSES Bad Debt Expense 9,349,919 0.2? Complimentary Expense L32,98L,964 2.5* Payroll - Taxes 1-02 ,522 , O73 l_ . 8? Payroll - Employee Benefits ... 284,653,454 5.2* Payroll - Officers ... 4,268,297- 0.1? Payroll - Other Employees 984 ,228 ,986 t8 .2* Other Departmental Expenses 66L,870,5L7 ]-2.2? TOTAL DEPARTMENTAL EXPENSES 2,L79,875,204 40.3?

DEPARTMENTAIJ INCOME (LOSS) 3,223,343,806 59.7* L-4 COIVIBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 Statewide Casinos With Gaming Revenue of $1,000,000 and over Amounts Represents 27L LocaEions.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sa1es ... 3, 051 ,694 ,294 8L.2t Complimentary Food Sales 704,337 ,L70 l-8.8t TOTAL REVENUE 3 .755 . O3]- , 464 t-00.0t

COST OF SAIES 1,l_81 ,868,745 3r-.5?

GROSS MARGTN 2,574,1-62,7]-9 68.5?

DEPARTMENTAL EXPENSES Bad Debt Expense 2,399,'7]-4 0.1? Complimentary Expense 38 ,254 ,435 1. 0E Payroll - Taxes L67,942,302 4.5? Payroll - Employee Benefits ... 376,886,642 L0.03 Payroll - officers ... L6 ,223 ,628 0 .42 Payroll - Other Employees l_,334 ,57'7,442 35.5? Other Departmental Expenses 254 ,07L, L47 5.8? TOTAL DEPARTMENTAL EXPENSES 2.L90.4s4.310 58.3?

DEPARTMENTAL INCOME (LOSS ) 383 708 409 to.2*

BEVERAGE DEPARTMENT REVENUE DOLLARS PERCENT Beverage Sal-es L,044 ,9L8 ,635 60 .62 ComplimenEary Beverage Sales ... 680,027,8L2 39 .4* TOTAL REVENUE L ,724 , 946 , 447 r_00.0?

COST OF SALES 338,802,934 L9.62

GROSS MARGIN l-,386,]-43,5L3 80.4t

DEPARTMENTAL EXPENSES Bad Debt Expense 63]-, L95 0.0t Complimentary Expense . 45 ,445,5!5 2 .6* Payroll - Taxes 46 , 929 ,372 2.7* Payroll - Employee Benefits ... 95 ,544 ,237 s.5t PayroII - Officers ... t,405 ,827 0.L? Payroll - Other Employees 3!0,377 ,2Ol 18.0t Other Departmental Expenses 279,61,L,81,4 ]-6.22 TOTAL DEPART}4ENTAI EXPENSES 780,945,262 45.3?

DEPARTMENTAL INCOME (LOSS ) 60s 198 2st 3s.1t COIVIBINED INCOME STATEMENT - DETAIL (CONTINUED) t-5

Fiscal Year 20L5 Stat,ewide Casinos With Gaming Revenue of $L,000,000 and over Arnounts Represent 27L LocaEions.

OTHER INCOME REVENUE DOLLARS PERCENT Other Operating and Non-operating Income 2 , 93L,245 ,235 95.0? Other Complimentary Items L53,547 ,577 s.0t TOTAL REVENI'E 3,084 ,792,8L2 r-00.0t

COST OF SAIES 353 ,523 , 9t6 LL. 5t

GROSS MARGIN 2,73L,268,896 88.5t

DEPARTMENTAI EXPENSES Bad Debt Expense L2 ,666 ,346 0 .4? Complimentary Expense 42 ,028 ,829 L.4? Payroll - Taxes 47,390,380 1.5? Payroll - Employee Benefits ... 89, 090, 085 2 .9* Payroll - Officers ... 3 ,548 , L32 0.1? Payroll - Other Employees 460 ,9L8 ,7L2 L4.9* Other Departmental Expenses 600,927,766 19. st TOTAI DEPARTMENTAL EXPENSES 255 .560 .25]- 40.72

DEPARTMENTAL INCOI\4E (LOSS ) 475 708 645 47 -A*

AVERAGE NUMBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 42 ,5L2 ROOMS DEPARTMENT ... 30 ,6L7 FOOD DEPARTMENT 45,272 BEVERAGE DEPARTMENT ... L2 ,8L0 G & A DEPARTMENT 27,407 OTHER DEPARTMENTS l_2,000

TOTAL l-70,61_8 1-5 ROOM OCCUPAI{CY AIVD PER ROOM PER DAY AI{ALYSTS

Fiscal Year 201-5 Statewide Casinos With Gaming Revenue of $1,000,000 and Amounts Represent 27L Localions.

RATE OF ROOM OCCUPAIICY

?OF AVAILABLE ROOMS OCCUPANCY MONTH ROOMS OCCUPIED (COMPUTED) 'JULY . 4,391,180 3 ,850 ,872 87.92t AUGUST 4 ,389 , g4g 3 ,782 ,378 85.18t SEPTEMBER 4,310,538 3 , 609 ,2Og 83.73t OCTOBER 4 , 430 ,208 3,763,LL4 84.94* NOVEMBER 4,267 ,342 3 ,375 ,996 79.LL* DECEMBER 4 ,331,916 3 ,229 ,057 74.54* .,AI\TUARY 4 ,432 ,693 3,495,7L7 78.642 FEBRUARY 4 ,0L8 ,824 3,301,668 82.L6t I\4ARCH 4 ,464 ,849 3, 820, 551- 8s.57t APRIL 4 ,339 , L25 3,725,403 85.86t MAY . 4,437 ,L35 3,848,747 86.74* .]I]NE 4 .298 . 407 3 .734 .544 85.88t

TOTAL 52 t-LL L57 43 537 255 83 . sst

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 75 .69 Per Room Per Day 39 .62

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day Ls8 .60 Per Room Per Day 3l_.50

Average Food Sales Average Room Rate Per Room Per Day 86.27 Per Day L24.LL PER SQUARE FOOT ANAIYSIS AND RATIOS ]--7 Fiscal Year 2015 Statewide Casinos With Gaming Revenue of $1,000,000 and over

Amounts Represent 27L Locations -

GAIVITNG REVENUE PER SOUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAIqING REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Includes Bingo and Keno) L54 9 ,409 2,2'74 Coin Operated Devices 2s0 25 ,698 l_, 035 Poker and Pan 78 2,00L 9L2 Race and Sports 99 4 ,387 644

TOTAL CASINO 27L 32 , L54 L,2t9

RATTOS PERCENT TOTAL CI'RRENT ASSETS TO TOTAT CI'RRENT LIABTLITIES 1-37 .72

TOTAL CAPITAL TO TOTAL LIABILITIES 26 .62

TOTAL CAPITAL TO TOTAL CI'RRENT LIABILITIES 70.2*

TOTAL CURRENT LIAI}ILITIES TO TOTAL LIABILITIES 37 .8*

TOTAI COMPLIMENTARY EXPENSE TO GAIVIING REVENUE 2s .6t

MUSIC A}ID ENTERTAINMENT EXPENSES TO GAI,IING REVENUE 3.22

TOTAT REVENUE TO AVERAGE TOTAL ASSETS 30 .4t

TOTAI REVENI'E LESS COMP SAIES TO AVERAGE TOTAI ASSETS 27 .22

RETURN ON INVESTED CAPTTAL* 3.7*

RETI'RN ON AVERAGE ASSETS* 2 .02

* - FORMULAS

Return on Invested Capital is egual Eo the total of net income (before federal income taxes and extraordinary j.tems) and interest expense divided by the total of average total assets less average current liabilities. Return on Average Assets is egual to the total of net income (before federal income Uaxes and extraordinary items) and interest expense divided by the average total assets. t-8

THIS PAGE LEFT INTENTIONALLY BI,ANK COMBINED BALANCE SHEET 1-9 Fiscal- Year 2015 Clark County Ialith Gaming Revenue of $1,000,000 and over

Amounts Represent 1-55 LocaEions.

ASSETS CURRENT ASSETS DOLI.ARS PERCENT Cash . . !,955 ,0L2 ,882 2 -4* Receivabl-es TOTAI ALLOWAI{CE Casino L ,245 ,345 , aO2 528 ,66L ,482 7L6,683,620 0.9t Trade 526 ,352,46L t4 ,256 ,536 5]-2,095,925 0.5t Sundry 9,tts,535,039 696, 533 9,1L4,938,506 1l-.3t Notes 1_,9'79 ,635 0 1,879,635 0.0? Prepaid Elq)enses 3]-7 ,8'76 ,840 0 .4? Other Current Assets 20,986,424,780 26.12 TOTAL CT'RRENT ASSETS 33 , 604 , 9L2 ,J.88 4l_ . 8 t

FIXED ASSETS COST DEPRECIATION Land L4,239,297,428 L4 ,239 ,297 ,428 1,'l .7? Land Improvements L,467,4L4,'768 600, 837, 6oo 866,577,t68 1.1-? Buildings & Improvements 29,695,L43,744 I ,445, 593, 903 21-,249,549,841- 26.4* Furniture & Eguipment L0,352,983,51-4 6,78L,333,491 3 ,57L, 650 , 023 4 .42 Lease Improvements L43,897,924 58, 288, 8s4 75 ,609 , O7O 0. l-? Const,ruction in Progress 6L4,795,935 6L4 ,795 ,936 0 . 8? TOTAI FIXED ASSETS 40 ,5L'7 ,4'79 ,465 50 . 5t

OTHER ASSETS L29 676 630 7 .6t

TOTAL ASSETS 803s2 068 284 100.0?

LIABILITIES AI{D CAPTTAL CI'RREAII LIABILITIES Accounts Payable - Trade 363 ,286 ,7L5 0.5t Accounts Payable - Other 1,883,181,713 2.3\ Current Portion of Long-Term Debt 443 ,249 , L45 0.5t Accrued Expenses 880, 851_, 0l_0 t-. L? Other Current Liabilities 2L ,109, 643,L45 26.3* TOTAI CI'RRENT LTABILITIES 24 6A0 .22L.730 30.7t

LONG-TERM DEBT TOTAI OWING CI'RRENT PORTION Mortgages 2,093,668,875 l-38,339,033 1,955 ,329,842 2.42 Debentures & Bonds 2,22L,L1-7,4t5 24,045,]-98 2,L97,072,2L7 2.72 Notes 4,225,907,L79 84,889,500 4,L4!,0L7,679 5.22 Contract.s L5,820,629 8,756,328 7 ,064,30L 0.0? Other 8,532,453,07'7 L87,2L9,086 8,345,233,99L l-0.4t TOTAL LONG-TERM DEBT 17, 088 ,967 ,L75 443 ,249 ,"J-45 16 ,645 ,718, 030 20 .72 oTHER LIABILITIES . 22,077,0L7,495 27.52 TOTAL LIAEIILITTES 63,402,957,255 78.9*

CAPITAL Owners Capital Accounts -8,LL'7,9L7,485 - l-0 . l-? Capital stock & other Capital 26,456,559,8s! 32 .9* Retained Earnings -l-,389 ,54L,337 -L.7? TOTAL CAPITAL 16 ,949 , LLt,029 2L.L*

TOTAI LIABILITTES AND CAPITAI 80 3s2 068 ,284 100.0t

Average Assets Upper Quartile Median Lower Quartile 5L8 ,400 ,44]' 324 ,366 ,5L6 23 ,693 ,357 2 ,476 ,724 1- 10 COMBINED INCOME STATEMENT - SI]MMARY

Fiscal Year 201-5 Clark County With Gaming Revenue of $l-,000,000 and over

Amounts Represent 155 Locations.

REVENUE DOLLARS PERCENT Gaming 9 ,t7L, 538, 107 41.5t Rooms 5,053 ,967,86L 22.92 Food 3,375,868,515 t_5.3? Beverage 1,548 ,740,740 7 .02 Other 2,887 ,206,934 13.1t TOTAI REVENUE 22.037 .322.157 100.0?

COST OF SALES L,583 ,093,567 7 .2*

GROSS IVIARGIN . 20 , 454 ,228 , 59O 92 .8*

DEPARTMENTAI EXPENSES LL,360 ,'703,604 s1.6t

DEPARTMENTAL TNCOME (LOSS) 9,093,524,986 41.3t

GENERAL A}ID ADMINISTRATIVE EXPENSES AdverEising and Promotion 272 ,943 ,57O 1.27 Bad Debt Expense L,754 ,4L3 0.0? Complimentary Expense (not reported in departments) ...... L72 ,395 , L21_ 0.8t Depreciation - Buildings 985 ,202 ,399 4.st Depreciation and Amortization - Other 987 ,]-54,484 4.5* Energy E>.pense (electricity, 9&s, etc.) 348, 008, 030 1. 6? Equipment Rental or Lease 20 ,888 ,748 0.1? Interest Expense 2 , L84 ,382 , 429 9 .9* Music and Entertainment 329 , L78 ,789 r.. st PayroII Taxes LO3 ,529 , 659 0.st Payroll - Employee Benefits ... 35L,082 ,6L2 1.6t Payroll - Officers ... 55, 156, 098 0.3? Payroll - Other Employees 1,11_9,880,943 5.1t Rent of Premises L72 ,832 , 87 9 0.8t Taxes - Real Estate 181,709,309 0.8t Taxes and Licenses - Other 66,579,462 0.3t Utilities (Other than Energy Expense) t07,57L,207 0.st Other General and Administrative Expenses 2,208,802,832 1_0 . 0t TOTAL GENERAL AND ADMINISTRATIVE EXPENSES 9,669,056,982 43.9*

NET INCOME(LOSS) BEFORE FEDER,AL INCOME TAXES AND EXTRAORDINARY ITEMS ... -575 53 r. 996 -2 .62

Average Revenue Upper Quartile Median Lower Quartil-e L42,]-76,272 ]-33 , 663 ,754 40,49L,721 3 ,736 ,082 COMBINED INCOME STATEMENT - DETAIL 1- 11 Fiscal- Year 201-5 Clark County With Gaming Revenue of $1-,000,000 and over Amounts Represent 155 Locations.

CASINO DEPARTMENT

REVENUE DOLI,ARS PERCENT Pit Revenue (Includes 3,053,31-4,259 33 .4t Coin Operated Devices i::: i:: :::::l :: : : : : ::: ::: : : : : ::: 5,726,391,900 62.4* Poker and Pan L28 ,804 ,4O7 1.4t Race Book 74 ,565 ,974 0.8? Sports Pool L78 ,451 ,7 57 1. 9? TOTAL REVENUE 9 , L7l, 538 , L07 100.0?

DEPARTMENTAL EXPENSES Bad Debt Expense L33 ,190 , 997 1_. st Commissions 62,746 ,0L6 0.7* Complimentary Expense . L,96L, 620 ,046 2L.4* Gaming Taxes and Licenses 698 ,2]-5 ,9L6 7 .6? Preferred Guest Expenses (no complimentaries) ... 249,746,183 2.7* Payroll Taxes 1.60,245,757 1,.72 Payroll - Employee Benefits ... 272,422 ,289 3.0? Payroll - Officers ... 2L, OL9 ,606 0.2* Payroll - Other Employees l,064 ,205 ,522 11.5? Race Wire Fees 10, LL4, 080 0.1-? Other Departmental Expenses 81_7 ,465 ,8L6 8.9? TOTAI DEPARTMENTAI EXPENSES 5,450,992,228 s9.42

DEPARTMENTAI INCOME (LOSS) 720 879545 40 .6t

ROOMS DEPARTMENT

REVENUE DOLLARS PERCENT Room Sales ... 4,LL9,728,4'79 8r_. 5t Complimentary Rooms .. . 934 ,239 ,393 r_8. st TOTAI REVENUE s . 053 ,967 .861 1_00 . 0?

DEPARTMENTAI EXPENSES Bad Debt Expense g ,956 ,253 o.2z Complimentary Expense . L23 ,656 ,2lg 2 .4? Payroll - Taxes 95 ,0L2 ,456 1.8t Payroll - Employee Benefits ... 275 ,508 ,434 5 .4? Payroll - Officers ... 4 ,026 ,045 0.1? Payroll - Other Employees 9]-2 ,683 ,365 18. Lt Other Departmental Expenses 606 , 920 ,235 L2.Ot TOTAL DEPARTMENTAL EXPENSES 025. 853 . 008 40.1?

DEPARTMENTAL INCOME (LOSS ) o27 104 853 s9.9t t-L2 COIVIBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 201-5 Clark Counuy With Gaming Revenue of $L,000,000 and over funounts Represent 1-55 Locations.

FOOD DEPARTMENT REVENUE DOLI.ARS PERCENT Food Sal-es ... 2,776, 868, 580 82.3? Complimentary Food Sales 598 ,999 ,935 L7 .7* TOTAI REVENUE 3 , 37s, 868, s1s r.00.0t

COST OF SAIES l-,01-6,06L,286 30.1t

GROSS MARGIN 2,359,807,229 69.9*

DEPARTMENTAI EXPENSES Bad Debt Expense 2 ,392 ,039 0.1? Complimentary Expense . 32 ,25L,6L9 1. 0? Payroll - Taxes L49 ,943 ,459 4 .42 Payroll - Employee Benefits ... 359 , L22 ,842 r-0 .5t Payroll - Officers ... L2 ,8L4 ,59L 0 .42 Payroll - Other Employees 1, l_88 ,292 ,827 35.22 Other Departmental E>cpenses 229 , 083 ,206 6.8? TOTAL DEPARTMENTAL EXPENSES 1.973 .900 ,582 58.5t

DEPARTMENTAL INCOME (LOSS) 38s 906 647 11.4t

BEVERAGE DEPARTMEI{T REVENUE DOLLARS PERCENT Beverage Sales 976 ,496 ,038 63 . r-t Complimentary Beverage Sales ... 572 ,244 ,7 02 36.9t TOTAL REVENUE 544 .740 .740 100.0*

COST OF SAIES 286,334,37t 18.5t

GROSS I,IARGIN 1,262,406,369 8L.5t

DEPARTMENTAI EXPENSES Bad Debt Expense 53l_, 564 0.08 Compliment,ary Expense 39,252,'776 2.52 Payroll - Taxes 42 ,007 , L30 2.72 Payroll - Employee Benefits ... 9L,362 ,037 s .92 Payroll - Officers ... !,273 , 525 0.r_t Payroll - OEher Employees 279 ,477 , OLg r.8.0t Other Departmental Expenses . 268 ,544 ,955 t7 .3* TOTAL DEPARTMENTAL EXPENSES 722 .549 . LLs 46.73

DEPARTMENTAL INCOME (LOSS ) 539 457 254 34 -9* COMBINED INCOME STATEMENT - DETAIL (CONTINUED) 1- 13

Fiscal Year 201-5 Clark County With Gaming Revenue of $1-,000,000 and over Amounts Represent l-55 Locations.

OTHER INCOME REVENUE DOLLARS PERCENT Other OperaEing and Non-operating Income 2 ,7 60 , 050 ,772 95 .62 Other Complimentary Items L27,L55,162 4 .4* TOTAI REVENUE 2,887 ,206,934 L00.0t

COST OF SALES 280,697 ,9L0 9.7*

GROSS IVIARGIN 2 , 606 ,509 ,024 90 . 3?

DEPARTMENTAI EXPENSES Bad Debt Expense 12 ,628 ,276 0 .48 Complimentary Expense . 37,460,522 1.3t Payroll - Taxes 43 ,939 ,422 1-.5? Payroll - Employee Benefits ... 84 ,406 ,253 2.9* Payroll - Officers ... 3,537,92L 0.1-? Payroll - Other Employees 432 ,7LL,644 1-5 . 0? OEher DeparUmental Expenses 571 ,7L4 , 633 19.88 TOTAL DEPARTMENTAI EXPENSES L86 .398 . 67L 4L.L*

DEPARTMENTAL INCOME (LOSS ) l-,420,1L0,353 49.2*

AVERAGE NI'MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 35, 181 ROOMS DEPARTMENT ... 26 ,828 FOOD DEPARTMENT 37,220 BEVERAGE DEPARTMENT ... L0 ,325 G & A DEPARTMENT ... 22 ,574 OTHER DEPARTMENTS LO ,52]-

TOTA], ]-42 ,649 L-L4 ROOM OCCUPANCY AND PER ROOM PER DAY AIIALYSIS

Fisca} Year 201-5 Clark County With Gaming Revenue of $L,000,000 and over Amounts Represent 155 Locations.

RATE OF ROOM OCCUPANCY

?OF AVAILABLE ROOMS OCCUPANCY MONTH ROOMS OCCUPIED (COMPUTED) JULY . 3,804,189 3 ,404 ,987 89. s1t AUGUST 3 ,901,620 3,326,2L4 87.492 SEPTEMBER 3,7L6,597 3,L75,2L1 85 .43? OCTOBER 3 ,946 ,659 3 , 3gl_, o5g 87.90t NOVEMBER 3,701,675 3 ,045 ,604 82.28t DECEMBER 3,729,784 2,877,9L5 77 .L6* 'JANUARY 3 ,848 ,924 3 , L44 ,323 81.69? FEBRUARY 3,493,890 2 ,966 ,044 8s. r_4t T{ARCH 3 ,865 ,248 3 ,440 ,254 89.00t APRIL 3,775,530 3 ,363 ,487 89.09t IIAY . 3 , 951, 152 3 , 451_, 038 89.6]_t .,UNE . 3 ,699 ,957 3,303,698 e9.29?

TOTAI 45 t2s 224 38 479 833 86 . r.5*

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 78.79 Per Room Per Day 39.83

Average Rooms Average SIot Revenue Department Payroll Per Room Per Day L47 .28 Per Room Per Day 33.11_

Average Food Sa1es Average Room Rate Per Room Per Day 85.83 Per Day L29.99 PER SOUARE FOOT AI{AIYSIS AI{D RATIOS 1-1.5 Fiscal Year 201-5 Clark County With Gaming Revenue of $1,000,000 and over Amount,s Represent L55 Locations.

GAI,IING REVENT E PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAI,IING REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Includes Bingo and Keno) 99 ]-2,084 2 ,56L Coin Operated Devices 140 35,395 L, L24 Poker and Pan 48 2 ,526 L,062 Race and Sports 78 4,90L 662

TOTAL EASINO 155 43,839 1,350

RATIOS PERCENT TOTAL CURRENT ASSETS TO TOTAI CURRENT LIABILITIES t36.2t

TOTAL CAPTTAL TO TOTAL LIABILITIES 26.7?

TOTAL CAPITAI TO TOTAL CT'RRENT LIABILITIES 68.7?

TOTAI CURRENT LIABILITIES TO TOTAL LTABILITIES 38.9t

TOTAIJ COMPLIMENTARY EXPENSE TO GAMING REVENUE 2s.8t

MUSIC AI{D ENTERTAINMENT EXPENSES TO GAI,IING REVENLTE 3 .6t

TOTAL REVENUE TO AVERAGE TOTAL ASSETS 28.3t

TOTAI REVENUE LESS COMP SALES TO AVERAGE TOTAL ASSETS 2s.4t

RETURN ON INVESTED CAPITAL* 3.8t

RETT'RN ON AVERAGE ASSETS* 2.Lt

* - FORMULAS Return on Invested Capital is equa] to Lhe totsal of net income (before federal income taxes and extraordinary items) and interest expense divided by the total of average total assets less average current liabilities. Return on Average Assets is egual Eo the totsaI of net income (before federal income taxes and extraordinary items) and int,eresU expense divided by Ehe average total assets. r.-16

THIS PAGE LEFT INTENTIONALLY BI,ANK COMBINED BAIANCE SHEET L-L7 Fiscal Year 2015 Douglas County - South Shore Lake Tahoe Area With Gaming Revenue of $1,000,000 and over Amounts Represent 6 Locations.

ASSETS CURRENT ASSETS DOLLARS PERCENT Cash . 39 ,772 ,7t2 I .5t Receivables ALLOWA}ICE Casino 1_6 ,322 , 978 L3 , L39 ,342 3,193,536 0.7? Trade 2 ,539 ,729 55 , 181- 2 ,494 ,548 0.st Sundry 25,076,699 0 25,076,699 5.4* Notes 0 0 0 0.0? Prepaid Expenses 7,923,L92 L.7* Other Current Assets L0 ,258 , 065 2.22 TOTAL CIiRRENT ASSETS 88. 598 . 852 t9.22

FIXED ASSETS DEPRECIATION Land 46 , 999 ,7 47 45 ,999 ,747 1-0.2* Land Improvements 679,038 358, 354 320 ,684 0.1? Buildings & Improvements 234 ,542 ,660 44,897 ,473 189 , 645 ,]-87 4L.0t Furniture & Equipment 134, 855, 083 9L,247,LLg 43,607,965 9.42 Lease ImprovemenEs 20 ,794 ,880 5 ,224 ,809 L5 ,570 ,071 3.4* Construction in Progress 7,857,037 7,957,037 L.7Z TOTAI FIXED ASSETS 304.000.69L 6s.8t

OTHER ASSETS 69 389 228 15.0t

TOTAI ASSETS 462 088 77L 100.0?

LIABILITIES AIID CAPITAL CI]RRENT LIABILITIES AccounEs Payable - Trade g ,724 , O42 1. 9t AccounEs Payable - Other 9 ,5L"7 , 47 0 2.a7 Current Portion of Long-Term Debt 599 ,306 0.18 Accrued Elq)enses L7 ,439,778 3.8t other Current Liabilities 2,590,286 0.6? TOTAL CURRENT LIABILITIES 38.860.882 I .4t

LONG-TERM DEBT TOTAI OWING CURRENT PORTION Mortgages 65, 700, o0o 0 65, 700, 000 L4.2t Debentures & Bonds 0 0 0 0.0? Notes 0 0 0 0.0? ConUracts 2,085 ,979 599,306 !,497,673 0.3? Other 0 0 0 0.0t TOTAL LONG-TERM DEBT 67,786,979 599,306 67,]-87,673 14.st OTHER LIABILITIES 854 , 348 ,7 93 184 . 9t TOTAL LIABILITIES 960.397 .344 207 .8t

CAPITAL Owners Capitsal AccounEs -798,586,728 -L72.8* Capitsal Stock & other Capital 561,6L3,953 121.st Retained Earnings -26L,335,802 -s6.6* TOTAL CAPITAL -498 ,308 ,577 -107.8t

TOTAL LIABILITIES A}ID CAPITAL 462 774 100.0t

Average Assetss Upper Quartile Medi-an Lower Quartile 77 ,0L4,795 66 ,772 ,469 25 ,970 ,681 L,221_,377 l_- 18 COI\,IBINED INCOME STATEMENT - SUMMARY

Fiscal Year 2015 Douglas CounEy - South Shore Lake Tahoe Area With Gaming Revenue of $1,000,000 and over Amounts Represent 6 LocaEions.

-----:------:-REVENUE DOLLARS PERCENT Gam].ng 20L,8O2 ,036 56. st Rooms 56 ,676 ,939 15.9t Food . 38,981,163 r.0 . 9t Beverage 34 ,677 , O03 9.7* Other 24,779,924 5.9t TOTAL REVENI'E 356,9L7,065 r.00.0t

COST OF SALES 26 ,541- ,7L9 7 .43

GROSS MARGIN 330,375,346 92.62

DEPARTMENTAL EXPENSES 208,339,654 58.4*

DEPARTMENTAI INCOME (LOSS) L22 03s 692 34 -2*

GENERAL A}ID ADMINISTRATIVE EXPENSES Advertising and Promotion 4,314, oo3 t.2z Bad Debt Expense 0 0.0t Complimentary Expense (not reported in departments) ...... L,845 ,364 0. st Depreciation - Buildings 6 ,220 , 063 t.7t Depreciation and Amortization - Other 10, 816, 540 3.0t Energy Expense (electricity, gds, etc.) 7 ,252,959 2.0t Equj-pment Rental or Lease 270,649 0.Lt Interest Expense 55, 793 , 500 ]_s .6t Music and Entertainment 7,604 0.0t Payroll Taxes 1, 308, 9l_0 0.4? Payroll - Employee Benefits ... 2,967,307 0.8t Payroll - Officers ... 347,956 0.1t Payroll - Other Employees 14, 380, 855 4 .0t Rent of Premises 8,L27 ,852 2.32 Taxes - Real Estate 4, 4l-0, 535 t.2z Taxes and Licenses - Other 7 02 ,24L 0.2t Utilities (Other than Energy Expense) L,583,979 o .4* Other General and Administrative Expenses 752,598,776 42.8* TOTAL GENERAL A}ID ADMTNISTRATIVE EXPENSES 272.849.]-03 76.4*

NET INCOME(LOSS) BEFORE FEDERAL INCOME TN(ES A}ID EXTRAORDINARY ITEMS . . . -l_s0, 813 4LL -42.3*

Average Revenue Upper Quartile Median Lower Quartile 59,486,]-78 44,245,229 L7 ,530,576 3 ,364 ,597 COMBINED INCOME STATEMENT - DETAIL 1- l_9 Fiscal Year 2015 Dougl-as County - South Shore Lake Tahoe Area With Gaming Revenue of $1-,000,000 and over Amounts Represent 6 Locatj-ons.

CASINO DEPARTMENT

REVENT,'E DOLLARS PERCENT Pit Revenue (Includes Keno and Bingo) ... 55 ,963 ,5]-7 27 .7* Coin Operated Devices L38 ,568 ,749 68.7* Poker and Pan L,994 ,375 1. 0? Race Book 2 ,480 ,9L6 L.2Z Sports PooI 2 ,794 ,479 L.4* TOTAT REVENUE 20L.802 . 036 100.0?

DEPARTMENTAL EXPENSES Bad Debt Expense 6 , goo ,975 3 .4* Commissions -57L 0.0t Complimentary Expense 55 ,960 ,546 27 .7* Gaming Taxes and Licenses L4 ,239 , gg7 7 .L* Preferred Guest Expenses (no complimentaries) ... 377,493 0.22 Payroll Taxes 4 ,664 ,509 2.3* Payroll - Employee Benefits ... 8, 783, g0g 4 .4* Payroll - Officers ... 0 0.0t Payroll - Other Employees 29 ,565 , 065 t4.7t Race Wire Fees 388,402 0.2* Other Depart.mental Expenses 20,3L3,0l_5 L0 . l_? TOTAL DEPARTMENTAL EXPENSES L4L. L93 .329 70.0t

DEPARTMENTAL INCOME (LOSS ) 60,608,707 30.0t

ROOMS DEPARTMENT

REVENUE DOLLARS PERCENT Room Sales ... 34 , Og5 ,56'7 60.22 Complimentary Rooms ... 22 ,59L,372 39.8? TOTAL REVENT'E 56,676,939 r.00.0t

DEPARTMENTAI EXPENSES Bad Debt Elq)ense t08,767 0.2* Complimentary Expense 277,143 0.st Payroll - Taxes 640 ,097 l_. L? Payro}l - Employee Benefits ... L, L33 , L27 1. 9? Payroll - Officers ... 0 0.0? Payroll - Other Employees 5, 303, 5og 9 .42 Other Departmental Expenses L0 , L40 ,047 L7.9? TOTAI DEPARTMENTAL EXPENSES L7 .602 .689 3L.L?

DEPARTMENTAL TNCOME (LOSS) 39 074 250 68.9t L-20 COMBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 Douglas County - South Shore Lake Tahoe Area With Gaming Revenue of $1,000,000 and over Amounts Represent 5 Locations.

FOOD DEPARTMENT REVENUE DOLI,ARS PERCENT Food Sales ... 28 ,403 ,7 67 72.9* ComplimenEary Food Sales J..0,577 ,396 27 .1-* TOTAL REVENUE 38 , 981, 163 100 . 0?

COST OF SAIES 13,451,584 34 .5t

GROSS MARGIN 25,529,579 55.5?

DEPARTMENTAI EXPENSES Bad Debt Expense 3, 510 0 .08 Comp1imenEary Expense 348,142 0.9t PayroII - Taxes L,820 ,538 4.7t Payroll - Employee Benefits ... 3 ,504 ,282 9. 0t Payroll - Officers ... 0 0.0t Payroll - Other Employees 13,834, 700 35.5? Other Departmental Expenses 2 ,622 , L07 5.72 TOTAL DEPARTMENTAL EXPENSES 22.L33.379 55.8?

DEPARTMENTAI INCOME ( LOSS ) 396 200 a.7*

BEVERAGE DEPARTMENT REVENUE DOLI,ARS PERCENT Beverage Sales 17, 303, 85L 49.92 Compliment.ary Beverage Sales ... L7,373,L52 50.]-t TOTAL REVENUE 34.677 ,003 r-00.0t

COST OF SALES 7,639,9L3 22.0*

GROSS TiTARGIN 27,037 ,090 78.0t

OTMTMNru EXPENSES Bad Debt Expense 11, 106 0.0? Complimentary Expense . 6l_8,330 L. 8? Payroll - Taxes 708,75L 2 .0* Payroll - Employee Benefits ... L,282,462 3.72 Payroll - Officers ... 0 0.0? Payroll - Other Employees 4 ,401_,944 L2.7? Other Departmental Expenses 2 ,953 ,t48 8.5? TOTAL DEPARTMENTAL EXPENSES 9 .975 .75L 28.8t

DEPARTMENTAL INCOME (LOSS ) L7,06L,339 49.2? COMBINED INCOME STATEMENT - DETAIL (CONTTNUED) 1,-2L

Fiscal Year 2015 Douglas County - South Shore Lake Tahoe Area With Gaming Revenue of $1,000,000 and over Arnounts RepresenE 6 Locations.

OTHER INCOME REVENUE DOIJLARS PERCENT Other OperaEing and Non-operating Income L9 ,453 ,730 78.st Other Complimentary Items ... 5 ,326 , L94 2L.5* TOTAII REVENI'E 24.779.924 l-00.0t

COST OF SAIES 5,450,222 22.02

GROSS MARGTN L9,329,702 78.0t

DEPARTMENTAI EXPENSES Bad Debt Expense 26,207 0.L? Complimentary Expense . 585,542 2.42 Payroll - Taxes 639,948 2.62 Payroll - Employee Benefits ... 1,373,792 5.5? Payroll - Officers ... 0 0.0? Payroll - Other Employees 5,187,008 20.9* Other Departmental Expenses 9,522,009 38.8t TOTAL DEPARTMENTAL EXPENSES L7,434,506 70.42

DEPARTMENTAI INCOME (LOSS) 895 ]-96 7 .6t

AVERAGE NUMBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 1,,246 ROOMS DEPARTMENT ... 253 FOOD DEPARTMENT 831 BEVERAGE DEPARTMENT ... 329 G & A DEPARTMENT ... 346 OTHER DEPARTMENTS L46

TOTAI 3,151 L-22 ROOM OCCUPAI.ICY AM PER ROOM PER DAY ANALYSIS

Fiscal Year 2015 Douglas County - South Shore Lake Tahoe Area With Gaming Revenue of $1,000,000 and over Amounts Represent 6 Locations.

RATE OF ROOM OCCUPAIVCY

toF AVAILABLE ROOMS OCCUPAI\TCY MONTH ROOMS OCCUPIED (coMPurEp) ,JULY . 56 ,159 50, 875 90 .59? AUGUST 56,172 50 ,527 89.95t SEPTEMBER 55 ,464 46 ,458 83.76* OCTOBER 55, 305 36 ,396 6s.81t NOVEMBER 52 ,325 3L,87 6 60.92? DECEMBER 52 , L99 35,322 67.67t .]AIVUARY 52 ,827 36 ,64L 69.36? FEBRUARY 50, 578 34,725 68.56t T{ARCH 52,95L 36 ,392 68.73* APRIL 50 ,620 29 ,8L5 58.90t MAY . 55 ,527 35 ,290 62.43* .JT,NE . 6l-. 899 45. 580 73.64*

TOTAI 653 026 469 897 7L .96t

PER ROOM PER DAY STATTSTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 119. 10 Per Room Per Day 73.80

Average Rooms Average Slot Revenue Department Payro}l Per Room Per Day 294.89 Per Room Per Day 15.06

Average Food Sales Average Room Rate Per Room Per Day 82.96 Per Day ]-20 .62 PER SOUARE FOOT ANALYSTS AND RATIOS 1.23 Fiscal Year 2015 Douglas County - South Shore Lake Tahoe Area With Gaming Revenue of $1-,000,000 and over funounts Represent 6 Locations.

GAMING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAMING REVENUE AREA OPERATlNG IN SQUARE FEET PER SQUARE FOOT

Pit (Includes Bingo and Keno) 4 LL,636 L,202 Coin Operated Devices 5 25 , t97 l_, 100 Poker and Pan 3 L,4L7 469 Race and Sports 3 2,6'74 558

TOTAI CASINO 6 30,800 t,092

RATIOS PERCENT TOTAI CURRENT ASSETS TO TOTAI CI'RRENT LIABILITIES 228.2* TOTAL CAPITAI TO TOTAL LIABILITIES -51.9I

TOTAL CAPITAI TO TOTAI CURRENT LIABILITIES -1-282.3*

TOTAI CI'RRENT LIABILITIES TO TOTAL LIABILITIES 4 .02

TOTAI COMPLIMENTARY EXPENSE TO GAIVIING REVENUE 29 .62

MUSIC AND ENTERTAINMENT EXPENSES TO GAI,IING REVENI'E 0.0?

TOTAL REVENUE TO AVERAGE TOTAL ASSETS 70.8?

TOTAI REVENUE LESS COMP SALES TO AVERAGE TOTAL ASSETS 59.7*

RETI]RN ON INVESTED CAPITAL -21.4*

RETURN ON AVERAGE ASSETS* -18.9?

* - FORMI'LAS

Return on Invested Capital is equal to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the total of average total assets less average current liabilities. Return on Average Assets is egual to t,he total of net income (before federal income taxes and extraordinary items) and interest expense divided by the average Eotal assets. L-24

THIS PAGE LEFT INTENTIONALLY BLANK COMBINED BAIANCE SHEET t-25 Fiscal Year 2015 EIko County With Gaming Revenue of $1-,000,000 and over

Amounts Represents L9 Locations.

ASSETS CI'RRENT ASSETS DOLLARS PERCENT Cash. 40,469,920 8.5t Receivables TOTAL ALLOWAI{CE Casino 851, 705 26 ,498 825,207 0.2t Trade 4,257 ,904 45,796 4 ,2L1, Log 0.9t Sundry 69 , 690 ,465 0 69,690,L65 L4.6* Notes 0 0 0 0.0t Prepaid Expenses L4,3L7 ,7]-8 3.0t Other Current Assets g ,251 , 901, L. 9? TOTAL CURRENT ASSETS 138. 765.91-9 29 .02

FIXED ASSETS DEPRECIATION Land 27,16L,742 27,L6L,742 5.72 Land Improvements L5 ,602 ,086 9,007,81_8 6 ,594 ,269 L.4Z Buildings & Improvements 333, 850, 615 L1_5 ,946 ,203 2L7 ,9L4 ,4L2 45.5t Furniture & Equi-pment 27L, Ol2 , L27 224 ,088 , L85 46 ,923 ,942 9.8? Lease Improvements L0,847,270 4 ,7 64 ,006 6 , 083 ,264 l-.3? ConstrucUion j-n Progress 20 ,50L,687 20 ,50L,687 4.32 TOTAL FIXED ASSETS 325.L79.315 67.9*

OTHER ASSETS L4 674 747 3.1t

TOTAI ASSETS 478,6L9,98L 100.0?

LIABILITIES A}TD CAPITAL CI'RRENT LIABILITIES Accounts Payable - Trade 4 , 059 ,207 0.8t Accounts Payable - Other 958,370 0.2? Current Portion of Long-Term Debt t82,7OL 0.0t Accrued Expenses L9, 605, 875 4.1* Other Current Liabilities L6 ,283 ,095 3 .4? TOTAI CT]RRENT LIABILITIES 4t.088 .248 8.5?

LONG-TERM DEBT TOTAI OWING CI'RRENT PORTION Mortgages 30, 500, 000 0 30,500,000 6 .4* Debentures & Bonds 0 0 0 0.0? Notses 27 ,003 ,047 7 ,3'79 26 ,995 ,668 5. 6? Contracts 370,622 ]-75,322 195, 300 0.0? OEher L34,887,389 0 134,887,389 28.2t TOTAL LONG-TERM DEBT L92 ,86L, 058 t82,70L L92,678,357 40.3? OTHER LIABTLITIES L7,067,449 3.6? TOTAL LIABILITIES 2so .834 ,054 52.4*

CAPITAL Owners Capital Accounts 6 , 663 ,504 t.4* Capital Stock & other Capital L77 ,97L,21,L 37 .2t Retained Earnings 43 , L5L ,2l2 9.0? TOTAI CAPITAL 227.7A5.927 47.5?

TOTAL LIABILITIES AND CAPITAI 478 6L9 981 100.0t

Average Assets Upper Quartile Median Lower Quartile 25 , L90 ,525 38 ,63]-,897 5 ,254 , 520 887,70L L-26 COMBINED INCOME STATEMENT - ST]MMARY

Fiscal Year 2015 EIko County With Gaming Revenue of $1,000,000 and over funounts Represent L9 Locatj-ons.

REVENUE DOLLARS PERCENT Gaming 262 ,948 , L41_ 67.4* Rooms 30, 2l_5, 853 7 .7* Food . 46 , 450 ,237 11. 9t Beverage 2t,640 ,898 5 .5t Other 28 ,7 65 , 669 7 .4* TOTAL REVENUE 390 ,02L.798 100 . 0t

COST OF SAIES 4L,965 ,968 10.8t

GROSS IqARGIN 348,055,830 89.2*

DEPARTMENTAL EXPENSES t4L ,204 ,37 6 35.22

DEPARTMENTAL INCOME (LOSS) 206 851 454 s3.0?

GENERAL A}ID ADMINISTRATIVE EXPENSES AdverEising and Promotion t6,565,849 4.22 Bad Debt Expense 67 ,263 0.0t Complimentary Expense (not reported in departments) ...... L9,722,0L3 5.1t Depreciation - Buildings L4,785,L32 3.8t Depreciat,ion and Amortization - Ot,her L5, 668, 455 4 . O? Energy Expense (electricity, 9ds, etc.) 9,228,106 2.4* Eguipment Rental or Lease 42,040 0.0t Interest Expense 7 ,663 ,328 2 .0* Music and Entertainment 5.769,L46 1.5t Payroll Taxes 2 ,646 ,376 0.7* Payroll - Employee Benefits ... 6 , L75 ,626 r_.6E Payroll - officers ... 4 , OLg ,263 1.0? Payroll - Other Employees 25 , 096 ,r..L9 5.4t Rent of Premises 4 ,944 ,630 1.3? Taxes - Real Estate 3 ,7 6t ,363 r.. 0t Taxes and Licenses - Other 2,L55,g!7 0 .6? Utilities (Other Ehan Energy Expense) L,8g! ,524 0. st Other General and Administrative Expenses 2L ,2LO ,500 s.4* TOTAL GENERAL AND ADMINISTRATIVE EXPENSES L6L,403 ,54L 4L.4*

NET INCOME(LOSS) BEFORE FEDERAL INCOME TAXES AND EXTR,AORDINARY ITEMS ... 45 447 9t_3 11.7t

Average Revenue Upper Quartile Median Lower Quart,ile 20 ,527 ,463 28,737 ,786 I , t99 ,923 L,966 ,382 COMBINED INCOME STATEMENT - DETAIL 1,-27 Fiscal Year 2015 Elko County With Gaming Revenue of $L,000,000 and over funounts Represent l-9 Locations.

CASINO DEPARTMENT

REVENUE DOLLARS PERCENT Pit Revenue (Includes Keno and Bingo) 43 ,686 ,654 16 .62 Coin Operated Devices 2L4,387,268 81. s8 Poker and Pan 2 ,923 ,753 L. 1? Race Book 350,993 0.1? Sports Pool 1,599 ,573 0.5? TOTAL REVENUE 262 .948 . L4L L00.08

DEPARTMENTAI EXPENSES Bad Debt Expense 32 ,7 47 0.0t Commissions 0 0.0t Complimentary Expense 29 , t04 ,353 1r_. 1t Gaming Taxes and Licenses 20 ,596 ,949 7 .8* Preferred cuest Expenses (no complimentaries) L,!29,795 0.4t Payroll Taxes 3 ,245 , O1,4 L.2* Payroll - Employee Benefits ... 2, 535, 309 l-.0? Payroll - Officers ... 1,545,670 0.6t Payroll - Other Employees L8 ,486 ,265 7 .0? Race Wire Fees 98 ,37 5 0.0? Other Departmental Expenses g, 198, l-og 3.1t TOTAL DEPARTMENTAL EXPENSES 84 . 971-. s8s 32.32

DEPARTMENTAL INCONTE (LOSS) L77 976 556 67 .7*

ROOMS DEPARTMENT

REVENUE DOLLARS PERCENT Room Sales ... 22 ,340 ,629 73 .9? Complimentary Rooms ... 7 ,875,224 26.1* TOTAL REVENI'E 30, 2r-6, 8s3 l-00.0?

DEPARTMENTAL EXPENSES Bad Debt Expense 0.0t Complimentary Expense 687,707 2.3t Payroll - Taxes 1_,070 , g]-7 3 .5? Payroll - Employee Benefits ... 837 ,674 2.7+ Payroll - Officers ... 242,246 0 .8? Payroll - Other Employees LL,497,33].' 38.0t Other Departmental Expenses 5,435, 383 l-8 . 0? TOTAL DEPARTMENTAL EXPENSES L9 ,772 ,458 65.42

DEPARTMENTAI TNCOME (LOSS) 10 444 595 34 .6* L-24 COMBINED INCOME STATEMENT DETAIL (CONTTNUED)

Fiscal Year 2015 Elko County With Gaming Revenue of $1,000,000 and over Anounts Represent l-9 Locations.

FOOD DEPARTMENT RE\rENUE DOLLARS PERCENT Food Sales ... 3L , 322 ,27 3 67.42 Complimentary Food Sales L5,L27 ,954 32 .6t TOTAL REVENUE 46 . 450 ,237 r.00.0t

COST OF SALES 22,4L8,922 48.3*

GROSS IyIARGIN 24 ,03L,3L5 51-.72

DEPARTMENTAL EXPENSES Bad Debt Expense 0 0.0? Complimentary Expense 1,369, Lo5 2 .92 Payroll - Taxes 1,998,253 4.3? Payroll - Employee Benefits ... 1,328 ,205 2 .9? Payroll - Officers ... 700, 556 1.5t Payroll - Other Employees L7 ,663 ,465 38.0t Other Departmental Expenses 2,ggg,gL3 5.5t TOTAL DEPARTMENTAL EXPENSES 26 . O59 .497 s5. 1t

DEPARTMENTAI INCOME (LOSS ) -2 028 , L82 -4.4t

BEVERAGE DEPARTMENT REVENUE DOLLARS PERCENT Beverage Sales 5, 555, 655 25.7* Complimentary Beverage Sales ... L6 ,074 ,243 74.3? TOTAI REVENUE 2L.640 .898 l-00.0t

COST OF SATES 5,696,21-9 30.9?

GROSS I,IARGIN !4,944,679 69.12

DEPARTMENTAL EXPENSES Bad Debt Expense 88, 439 0 .4t Compliment.ary Expense 202 ,267 0.9t Payroll - Taxes 727,549 3 .4t Payroll - Employee Benefits ... 508 ,507 2.8t Payroll - officers ... 76 ,624 0 .4t Payroll - Other Employees 3 ,256 ,596 l-5. l-? Other Departmental E>cpenses 546, 150 2.st TOTAL DEPARTMENTAL EXPENSES 5 ,5L6 ,232 25.st

DEPARTMENTAL INCOME (LOSS ) 428 447 43 .6t COMBINED INCOME STATEMENT - DETAIL (CONTINUED) 1,-29

Fisca1 Year 2015 Elko County With Gaming Revenue of $L,000,000 and over Arnounts Represent 19 Locations.

OTHER INCOME REVENUE DOLLARS PERCENT Other Operating and Non-operating Income 23 ,624 ,753 82 -1-* Other Complimentary Items ... 5 ,140 , gL6 ]-7.9+ TOTAT REVENI'E 28 .7 65 . 669 l-00.0t

COST OF SAIES 12,850,827 44.7*

GROSS IVIARGIN L5 ,9L4 ,842 55 . 3t

DEPARTMENTAL EXPENSES Bad Debt Expense 0.0t Complimentary Expense . 969 ,669 3 .4t Payroll - Taxes 271,3]-4 0.9? Payroll - Employee Benefits ... 106, 615 0 .4t PayroII - Officers ... 7 ,688 0.0t Payroll - Other Employees 2 ,520 ,594 8.8t Other Departmental Expenses . 1,009,034 3.st TOTAL DEPARTMENTAL EXPENSES 4 ,884 ,904 17.0?

DEPARTMENTAL INCOME (LOSS ) LL 029 938 38.3t

AVERAGE NI'MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... L, 086 ROOMS DEPARTMENT ... 562 FOOD DEPARTMENT l_ , 010 BEVERAGE DEPARTMENT ... 268 G & A DEPARTIVIENT ... 891 OTHER DEPART},IENTS 20]-

TOTAL 4, 018 r_-30 ROOM OCCUPAI{CY AI{D PER ROOM PER DAY ANALYSIS

Fiscal Year 2015 Elko County WiEh Gaming Revenue of $1,000,000 and over

Amounts Represent L9 Locations.

RATE OF ROOM OCCUPAI{CY

?OF AVAILABLE ROOMS OCCUPAI{CY MONTH ROOMS OCCUPIED (COMPUTED) .I'LY . 87,2]-5 62,t9L 7r. . 3 r.8 AUGUST 87,942 65, 311 7s.40t SEPTEMBER 94,749 67,lOO 70.82t OCTOBER 86 ,597 58 ,428 67.47* NOVEMBER 84 ,046 52 ,37 0 62.3]-* DECEMBER 95 ,604 53,391 s5. 85? .]AI\TUARY 89 ,654 52 ,987 s9.10t FEBRUARY 83,568 52,528 62.862 MARCH 97 ,029 64 ,807 66.792 APRIL 87,397 55 ,260 63.232 MAY . 90,L87 58, 860 65.26+ ,JUNE . 97,630 65.782 67 .38*

TOTAI 081 618 7L0 015 65 .642

PER ROOM PER DAY STATISTICS

Average PiL Revenue Average Beverage Sales Per Room Per Day 51. 53 Per Room Per Day 30.48

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day 301. 95 Per Room Per Day L9.22

Average Food Sales Average Room Rate Per Room Per Day 65 .42 Per Day 42.56 PER SOUARE FOOT A}IALYSIS AND RATIOS r.-31 Fiscal Year 2015 Elko County With Gaming Revenue of $1,000,000 and over Arnounts Represent l-9 Locations.

GAI,IING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASTNOS AVERAGE AREA GAMING REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Inc1udes Bingo and Keno) L0 3 ,66L 1, 193 Coin Operated Devices L9 13,500 836 Poker and Pan 5 L, L04 530 Race and Sportss 3 L,628 399

TOTAI CASTNO L9 L5 ,974 865

RATIOS PERCENT TOTAL CURRENT ASSETS TO TOTAL CT'RRENT LIABILITIES 337 .72

TOTAL CAPITAL TO TOTAI LIABILITIES 90.8t

TOTAL CAPTTAI TO TOTAL CURRENT LIABILITIES 554.4*

TOTAI CURRENT LTABILITIES TO TOTAL LIABILITIES L6.4t

TOTAL COMPLIMENTARY EXPENSE TO GAMING REVENT,'E l-9.8?

MUSIC AND ENTERTAINMENT EXPENSES TO GAIVIING REVENUE 2.22

TOTAL REVENUE TO AVERAGE TOTAT ASSETS 83.9?

TOTAL REVENUE LESS COMP SALES TO AVERAGE TOTAL ASSETS 74.42

RETURN ON INYESTED CAPITA],* r.3 . r-t

RETURN ON AVERAGE ASSETS* l_1.4t

* - FORMULAS Return on Invested Capital is equal to the totsal of net income (before federal income taxes and extraordinary items) and interest expense divided by the total of average total assets less average current liabilities. Return on Average Assets is equal to the total of net income (before federal income uaxes and extraordinary items) and interest expense divided by the average total assets. L-32

THIS PAGE LEFT TNTENTIONAILY BLANK COMBINED BALANCE SHEET t_-33 Fiscal Year 2015 Carson Valley Area With Gaming Revenue of $J-,000,000 and over

Arnounts Represent 15 Locations.

ASSETS CURRENT ASSETS DOLLARS PERCENT Cash . 18 ,902,655 18.9? Receivables TOTAIJ ALLOWANCE Casino 393 ,654 L97 ,051 195,603 0.2* Trade 2L6 ,300 0 21,6 ,300 O .2* Sundry 660,252 0 660,252 0.7* NoUes 250, 000 0 250,000 0.22 Prepaid Elq)enses 4,356,651- 4.42 Other Current Assets t,L28,970 l_.1_? TOTAL CURRENT ASSETS 25 ,7L1_,431_ 25 .7*

FIXED ASSETS COST DEPRECIATION Land 9 ,890 ,208 g , g9o ,209 9.9t Land Improvements 2,L82,L62 5L2 ,365 L,669,797 L.7? Buildings & Improvements 50 , 9L5 ,7 94 15 ,763 ,622 34,L52,L72 34 . r-t Furniture & Equipment 90 ,248 , L20 75 , 08'7 ,7 60 L5, L60, 360 ts.2t Lease Improvements 15,247,246 LL,048 ,3L2 4 , Lgg ,934 4.2* Construction in Progress 274,L64 274,154 0 .3? TOTAL FIXED ASSETS 55,345,635 5s.3t

OTHER ASSETS 955 922 9.0t

TOTAL ASSETS 100 ot2 988 l-00.0t

LIABILITIES AI.ID CAPITAL CURRENT LIABILITIES Accounts Payable - Trade 3 ,043 ,946 3.0t Accounts Payable - Other 653, ggg o.7z Current Portion of Long-Term Debt 1,06L,5L7 1. 1t Accrued Expenses 7 ,332,804 7 .32 Other Current Liabilities 7lo ,206 0.7t TOTAI CURRENT LIAI}ILITIES t2 ,812,362 t2.a*

LONG-TERM DEBT TOTAI O$IING CI'RRENT PORTION Mortgages t3 ,284 ,383 253,704 t3 ,030 ,679 13.03 Debentures & Bonds 15,058,558 0 15,068,558 l-5.1? Notes 2L,770,952 107, l-60 21 , 663 ,7 92 21.7? Contracts 963 ,545 700, 653 262 , gg2 0.3? Other 0 0 0 0.0t TOTAL LONG-TERM DEBT 51, 087,438 L, O6L,5L7 50 ,025 ,92]. 50.0t OTHER LIABILITIES 2 ,508 ,636 2.52 TOTAL LIABILITIES 55 ,345 .9L9 6s.3&

CAPITAL Owners Capital Accounts 5L,261,905 s1.3t Capital Stock & Other Capital 6 ,372 ,565 5 .4* Retained Earnings -22 ,968 ,4O]- -23.0? TOTAL CAPITAL 34 .666 .069 34.7*

TOTAI LIAI}ILITIES AND CAPITAL. r_00 01-2 988 r.00.0t

Average Asset,s Upper Quart.ile Median Lower Quartile 6,667 ,533 9 , 432 ,330 5,101,104 L, O4L,5g'7 1- 34 COII{BINED INCOME STATEMENT - SUMMARY

Fiscal Year 2015 Carson Valley Area With Gaming Revenue of $1,000,000 and over

AmounEs Represent L5 Locations.

REVENUE DOLLARS PERCENT Gaming 97 ,225,456 64.2* Rooms I , 633 ,73L 5.7* Food 23 ,86L ,264 1s .8t Beverage g , g2g ,690 6.st Other 1_t,780,736 7 -8* TOTAL REVENUE LsL.329.877 r00.0t

COST OF SALES 22,647 ,788 l_5. 0t

GROSS T,IARGIN L28 ,682 ,089 85. 0t

DEPARTMENTAI EXPENSES 68,684,855 45.4t

DEPARTMENTAL INCOME (LOSS) 59 997 234 39 .52

GENERAL AI{D ADMINISTRATIVE EXPENSES Advertising and Promotion 4 ,284 ,7 05 2.82 Bad Debt Expense l_9, 080 0.0? Complimentary Expense (not reported in departments) ...... 3 , LLO ,494 2.tt Depreciation - Buildings L,827,579 L.2* Depreciat,ion and Amortization - Other 6 , 4gO ,2og 4.3* Energy Expense (electricity, g?s, et.c.) 3, 523, 933 2.3* Eguipment Rental or Lease 79,271_ 0.1t Interest Elcpense 2 ,599 ,5L5 L.7* Music and Entertainment 350, 168 0.2? Payroll Taxes l_,L43,506 0.8? Payroll - Employee Benefits ... L,572 ,593 r_.0t Payroll - Officers ... 787,825 0.5? Payroll - Other Employees L0 ,262 ,494 6.8t RenE of Premises 2 ,2!4 ,72L 1. 5? Taxes - Real- Estate 572 , L84 0.4? Taxes and Licenses - Other 56]-,751 0 .4? Utilities (Other than Energy Expense) L,097 ,927 0.7? Other General and Admini-st,rat,ive Expenses 13,705,864 9.1t TOTAL GENERAL AI{D ADMINISTRATIVE EXPENSES 54 , L93 ,699 35.8?

NET INCOME(LOSS) BEFORE FEDERAL INCOME TA)(ES A}ID EXTRAORDINARY TTEMS . . . 803 535 3.8?

Averaqe Revenue Upper Quartile Median Lower Quartile L0, 088, 558 L5 ,452 ,003 6 , 032 ,259 2 ,93L ,299 COMBINED INCOME STATEMENT - DETATL l_-35 Fisca1 Year 2015 Carson Valley Area With Gaming Revenue of $1,000,000 and over Amounts RepresenU 15 Locations.

CASTNO DEPARTMENT

REVENUE DOLLARS PERCENT Pit Revenue (Includes Keno and Bingo) 6 ,709 ,393 6 .92 Coin Operated Devices 88,678,L47 9L.22 Poker and Pan 485 ,]-32 0.st Race Book 1, 080, 586 l-. L? Sports Pool 272,098 0.3t TOTAL REVENUE 97,225,456 t-00.0?

DEPARTMENTAL EXPENSES Bad Debt Expense 4 ,200 0.0? Commissions t,523 ,426 1. 6? Complimentary Expense 10 , 091, 401 ]-0.42 Gaming Taxes and Licenses 8,278,438 8.5? Preferred GuesU Expenses (no complimentaries) ... 602,654 0.6? Payroll Taxes 1_ , 072 ,220 1. 1t Payroll - Employee Benefits ... L, t22 ,84'7 t.2z Payroll - Officers ... 100, 000 0.1? Payroll - Other Employees t0,04'7,L43 10.3? Race Wire Fees 263 ,023 0.3t Other Departmental Expenses I ,735 ,870 9.08 TOTAI DEPARTMENTAL EXPENSES 4L,84L,222 43.0t

DEPARTMENTAL INCOME (LOSS ) 55 384 234 57.0t

ROOMS DEPARTMENT

RE\IENUE DOLLARS PERCENT Room Sales ... 7 ,379,9L4 85.5* Complimentary Rooms ... 1,253 ,8L'7 L4 .5? TOTAI REVENIIE 8.633. 731 100.0?

DEPARTMENTAI EXPENSES Bad Debt Expense 0 0.0? Complimentary Expense 228,049 2.6* Payroll - Taxes 264,27L 3.0t Payroll - Employee Benefits ... 288, l-81 3 .38 Payroll - Officers ... 0 0.0t PayroII - Other Employees 2 ,452,527 28 .42 Other Departmental Expenses t,626 ,495 r_8.8t TOTAL DEPARTMENTAL EXPENSES 4. 859. 513 s6.3t

DEPARTMENTAL TNCOME (LOSS ) 774 2t8 43.73 t--36 COMBINED INCOME STATEMENT DETAIL (CONTINUED)

Fiscal Year 2015 Carson Valley Area With Gaming Revenue of $L,000,000 and over Amounts Represent 15 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... t8,278,L9]- 76 .6* Complimentary Food Sales 5,593,073 23.4? TOTAL REVENUE 23 .861, .264 100.0*

COST OF SALES 1l_,400,378 47.8*

GROSS IiTARGIN L2,460 ,886 s2 .2*

DEPARTMENTAL EXPENSES Bad Debt Expense 0.0? Complimentary Expense . 480 ,275 2 .0* Payroll - Taxes 1,386 ,728 s.8t Payroll - Employee Benefj-ts ... ! ,205 , ggg 5.1t Payroll - Officers ... 2 ,652,903 r_r_. r_t Payroll - Other Employees 9 , L03 ,044 38.1t Other Departmental Expenses 1,640 ,L36 6 .9* TOTAL DEPARTMENTAL EXPENSES L6 ,468 ,984 69.0t

DEPARTMENTAI INCOME ( LOSS ) -4 008 098 -l-5.8?

BEVERAGE DEPARTMENT REVENUE DOLI,ARS PERCENT Beverage Sales 2 ,663 ,606 27.tt Compliment.ary Beverage Sales ... 7,L65,094 72 .92 TOTAL REVENUE 9 .828 . 690 100.0t

COST OF SATES 3 ,56]- ,524 36 -22

GROSS I"IARGIN 6,267 ,t66 53.8?

DEPARTMENTAL EXPENSES Bad Debt Expense 0 0.0? ComplimenLary Expense . 965 ,864 9.8? Payroll - Taxes 247,407 2.sz Payroll - Employee Benefitss ... 224 ,297 2.3* Payroll - Officers ... 0 0.0? Payroll - other Employees l_,71_3, l-35 L7 .4* Other Departmental Expenses 347,034 3.st TOTAL DEPARTMENTAT EXPENSES 3.497 .737 35.5?

DEPARTMENTAL INCOME (LOSS) 769 429 28.22 COIVIBINED INCOME STATEMENT - DETAIL (CONTINUED) L-37

Fiscal Year 2015 Carson Valley Area With Gaming Revenue of $l-,000,000 and over Amounts Represent l-5 Locations.

OTHER INCOME RE\rENUE DOLI,ARS PERCENT other Operating and Non-operating Income L1-,699 ,652 99.3? Other Complimentary Items ... 81,084 o.7t TOTAL REVENI'E La.7go .736 1_00.0?

COST OF SAIES 7,685,885 65.2*

GROSS I4ARGIN 4,094,850 34.8t

DEPARTIVIENTAL EXPENSES Bad Debt Expense 0 0.0* Complimentary Elq)ense 50,226 0 .4t Payroll - Taxes 128, 335 1. 1_? Payroll - Employee Benefits ... 98 ,397 0.8? Payroll - Officers ... 0 0.0? Payroll - Other Employees l, L2t ,528 9.5? Other Departmental Expenses 6L8 ,9L2 s.3t TOTAL DEPARTMENTAL EXPENSES 2 ,0L7 ,399 L7.Lz

DEPARTMENTAL INCOME (LOSS ) o77 451 L7.62

AVERAGE NI]MBER OF EMPLOYEES FOR THE YEAR

CASTNO DEPARTMENT ... 510 ROOMS DEPARTMENT ... 110 FOOD DEPARTMENT 591 BEVERAGE DEPARTMENT ... 131 G & A DEPARTMENT 307 OTHER DEPARTMENTS 53

TOTAI L,702 ].-38 ROOM OCCUPA}ICY AIiID PER ROOM PER DAY ANALYSIS

Fiscal Year 2015 Carson Valley Area With Gaming Revenue of $1,000,000 and over

ArnounUs Represent L5 Locations.

RATE OF ROOM OCCUPANCY

?OF AVAII,ABLE ROOMS OCCUPANCY MONTH ROOMS OCCUPIED (COMPUTED) .IULY . 2L,259 L4 ,6t9 68.77* AUGUST 2L,176 L4,530 68 .62* SEPTEMBER 20 ,5]-]- L2,644 61-.64* OCTOBER 20,7]-6 9 ,7 4'7 47.05t NOVEMBER 20 ,085 7,59L 37 .79* DECEMBER 20 ,455 7 ,665 37.47t JAIVUARY L9 ,987 6,979 34.92* FEBRUARY 18, 435 7,736 41_ .96? MARCH 20 , L67 8, 418 41- -7 4* APRTL l_9, 506 9 ,562 49 -02* MAY . 2L, L8"7 L2 ,459 58.80? .JI]NE 20 .632 L3 .94s 67 .s9Z

TOTAL 244 116 L2s 89s 51.57t

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 53.29 Per Room Per Day 78 .07

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day 704.38 Per Room Per Day 23 .87

Average Food Sales Average Room Rate Per Room Per Day 189. s3 Per Day 58.s8 PER SQUARE FOOT AI{ALYSIS AIVD RATIOS ]--39 Fiscal Year 20L5 Carson Valley Area With Gaming Revenue of $L,000,000 and over Arnounts Represent 15 Locations.

GAI,IING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAIIIING REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Includes Bingo and Keno) 7 L,57 6 608 Coin Operated Devices 15 12 ,490 473 Poker and Pan 4 5s5 2]-9 Race and Sports 3 501 899

TOTAI CASINO 15 L3 ,474 481

RATIOS PERCENT TOTAL CI'RRENT ASSETS TO TOTAI CI]RRENT LIABILITIES 200.7*

TOTAL CAPITAI TO TOTAL LIABILITIES s3.0t

TOTAI CAPITAL TO TOTAL CURRENT LIABILITIES 270.6*

TOTAL CI'RRENT LIABILITIES TO TOTAL LIABILITIES L9.52

TOTAL COMPLIMENTARY EXPENSE TO GAMING REVENUE L5.4?

MUSIC AND ENTERTAINMENT EXPENSES TO GAI4ING REVENT'E 0.4?

TOTAI REVENT'E TO AVERAGE TOTAL ASSETS L50.5?

TOTAI REVENUE LESS COMP SALES TO AVERAGE TOTAT ASSETS l_36.5?

RETURN ON INVESTED CAPITA].* 10.3?

RETURN ON AVERAGE ASSETS* I .4?

't - FORMULASI Return on Invested Capital is equal to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the total of average totsal assets less average current liabilities. Return on Average Assets is egual to the total of net income (before federal income taxes and extraordinary items) and intserest expense divided by the average total assets. 1_-40

THIS PAGE LEFT INTENTIONALLY BI,ANK COMBINED BALANCE SHEET L-4t Fiscal Year 2015 Washoe County With Gaming Revenue of $l-,000,000 and over

Arnounts Represent 37 Locations.

ASSETS CURRENT ASSETS DOLLARS PERCENT Cash . 164,692,504 8.9t Receivables TOTAI ALLOWAIiICE Casino l_0, 845, l_80 3 ,454 ,614 7,390,566 0.4t Trade I , 426 ,757 892,008 7,534,749 o .4* Sundry 9,276,L23 0 9,276,L23 0. st Notes L34 ,2L6 ,062 0 L34 ,2L6 ,062 7 .2* Prepaid Expenses 27 ,828 ,858 r_. st Other Current Assets 88, 172, 858 4.7* TOTAI CI'RRENT ASSETS 439 . Lt]- ,720 23 .6*

FIXED ASSETS DEPRECIATTON Land L64 ,562 ,638 ]-64 ,562 ,638 8.8t Land Improvements l_0, 807, 57L 6 ,444 ,535 4 ,363 ,036 0.2t Buildings & Improvements 1,335 ,383,70"7 549 ,469 ,81_4 785, 913, gg3 42.22 Furniture & Equipment 828 ,954 ,799 651,997,498 L76,967 ,3Oa 9. st Lease Improvements 22 ,954 ,46]- Lt,226 , 07 4 LL,728 ,387 0.6t Const,ruction in Progress 26 , 923 ,273 26 ,923 ,273 L.4Z TOTAL FIXED ASSETS L7 0 .458 ,528 62 .9*

OTHER ASSETS 250 752 ,994 r.3 .5? TOTAL ASSETS 1,850 ,323,242 100.08 LIABILITIES AND CAPITAI CURRENT LIABILITIES Accounts Payable - Trade 3L, L78 ,498 a.7z Accounts Payable - Other 20 ,8L6 ,202 r_. It Current Portion of Long-TermLonq- Debt 9 ,948 ,443 0.5? Accrued Expenses 58 , L04 ,262 3.1? Other Current Liabilities 32 ,720 ,424 1.8t TOTAI CURRENT LIABILITIES L52.767 .829 8.2*

LONG.TERM DEBT TOTAL OWING CI'RRENT PORTION Mort.gages 54 ,346 ,250 1,331,82L 53 ,0L4 ,429 2.et Debentures & Bonds 208 ,725 ,427 0 208 ,725 ,427 ]-]-.2* Notes L9L , 002 ,7 80 6 ,6g9 ,443 184,313,337 9 .9* Contracts 2 ,634 ,292 9L7,752 L,7L5 ,540 0.1t Other 4L7,85L,02L 1,009 ,427 41_6 ,84L,594 22.42 TOTAL LONG-TERM DEBT 874,559,770 9 ,948 ,443 864 , 6LL ,327 46.52 OTHER LIABILITIES L55 , 946 ,207 8.4t TOTAL LIABILITIES L73 .325 .363 63.1t

CAPITAL Owners Capital AccounEs L26 ,6'10 ,255 6.8t Capital Stock & other Capital 468 ,306 , 977 25.2* ReEained Earnings 92,020 ,647 4 .9? TOTAL CAPITAI 686.997 .879 35.9t

TOTAL LIABILITIES AI{D CAPITAL. 850 323 242 t-00.0?

Average AsseEs Upper Quartile Medi-an Lower Quartil-e 50,279,007 38 , L93 ,366 1,t,5L3 ,299 L,640 , 97 4 L-42 COMBINED INCOME STATEMENT - SUMMARY

Fiscaf Year 2015 Washoe County With Gaming Revenue of $1,000,000 and over

Amounts Represent 37 Locations.

REVENUE DOLLARS PERCENT Gaming 7s6 ,323 ,363 51.9? Rooms 240, 333, 591 16.s8 Food . 240 ,435,953 16.st Beverage 96,592,7L4 6 .6t Other t22 ,803 ,786 I .4t TOTAL REVENUE 455 ,489 ,407 100.0?

COST OF SALES t74,708,99J. 1-2.02

GROSS I4ARGIN L,28L,780,4L6 88.0t

DEPARTMENTAL EXPENSES 712,955,021 49.02

DEPARTMENTAI INCOME (LOSS) 558 825 395 39.r-t

GENERAL AIVD ADMINISTRATIVE EXPENSES Advertising and Promotion 38 ,988 ,997 2.7* Bad Debt Expense 25 ,039 0.0? Complimentary Expense (not reportsed in departments) ...... 36 ,575 , L7L 2.sz Depreciation - Buildings 44 ,735 ,348 3.t? Depreciation and Amortization - Ot,her 45 ,429 ,9L4 3.1? Energry Elrpense (electricitsy, gas, etc . ) 35, 334 , 685 2.42 Equipment Rental or Lease 1,809 ,462 0. 1t Interest Expense 64 ,835 , 686 4. st Music and Entertainment g,L22,gg2 0.5? Payroll Taxes 10, 258, 839 o.7* Payroll - Employee Benefits ... 17 ,L]-o,3]-9 L.2Z Payroll - Officers ... 5 ,222 ,359 0.48 Payroll - Other Employees LOO ,979 ,645 6 .9t Rent of Premises 12 ,813 ,7 9L 0.9t Taxes - ReaI Estsate LL,464 ,978 0.8? Taxes and Licenses - Other 4 ,37,2 , g]-6 0.3t Utilities (Other than Energy Expense) 9,507 ,957 0.7t Otsher General and Admj-nistrative Expenses L28 ,7L9 ,97-L 8.8? TOTAI GENERAL AND ADMINISTRATIVE EXPENSES 576.247 .809 39.5t

NET INCOME(LOSS) BEFORE FEDERAL INCOME TN(ES AIiID EXTR,AORDINARY ITEMS ... -7 422 4t4 -0.53

Average Revenue Upper Quartile Median Lower Quartile 39 ,364 ,579 4'l ,7L9 ,'74L L4 ,502 ,498 2 ,502 ,7 62 COMBINED INCOME STATEMENT DETAIL L-43 Fiscal Year 201-5 Washoe County With Gaming Revenue of $1,000,000 and over Amounts Represent 37 Locations.

CASINO DEPARTMENT

REVENUE DOLI.ARS PERCENT Pit Revenue (Includes Keno and Bingo) L23,L6L,773 16.3t Coin Operated Devices 507, 353, 009 80.3t Poker and Pan 7 ,729,995 1.0t Race Book t0 ,392 ,573 L.4* Sports Pool 7 ,676,123 r_.0t TOTAL REVENUE 756 .323 .363 100.0t

DEPARTMENTAL EXPENSES Bad Debt Expense L,675,649 o.2z Commissions 4 ,878 , l2O 0.6? ComplimenUary Expense . l_55, 095,400 20.s* Gaming Taxes and Licenses 59,067 ,707 7 .82 Preferred Guest Expenses (no complimentaries) ... L,430,764 0.22 Payroll Taxes t2 ,035 ,736 1. 5? Payroll - Employee Benefits ... t2 ,7L8 ,953 t.7z Payroll - Officers ... 0 0.0? Payroll - Other Employees 86 , 48O ,286 LL.4* Race Wire Fees 765 ,021 0.1? Other Departmental Expenses 67 ,3L4,7L9 8.9t TOTAL DEPARTMENTA]. EXPENSES 40L.464 .3s4 s3.1*

DEPARTMENTAL INCOME (LOSS ) 354,859,009 46.92

ROOMS DEPARTMENT

REVENT'E DOLI,ARS PERCENT Room Sales ... 176,7L5,356 73.5t Complimentary Rooms . . . 63 ,5L8 ,235 26.s* TOTAI REVENUE 240 ,333 ,591 L00.0?

DEPARTMENTAI EXPENSES Bad Debt Expense 284 , gg9 0.1-? ComplimenEary Expense . 7 ,'720 ,344 3.2? Payroll - Taxes 5 , Lst ,251 2.L? Payroll - Employee Benefits ... 6 ,6LO ,44L 2.72 Payroll - Officers ... 0 0 .0? Payroll - Other Employees 49 , ]-7g ,603 20.s* Other Departmental Expenses 35, 433 , 134 L4.7* TOTAL DEPARTMENTAI EXPENSES L04 ,378 , 672 43.4*

DEPARTMENTAL INCOME (LOSS ) 135 954 9L9 56 .6* L-44 COMBINED INCOME STATEMENT - DETATL (CONTINI'ED)

Fi-scal Year 2015 Washoe County With Gaming Revenue of $L,000,000 and over Amounts Represent 37 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... 173 , L89, 605 72.02 ComplimenEary Food Sa1es 67 ,246,348 28.0t TOTAL REVENUE 240 .435 .9s3 100.0?

COST OF SALES L02,LL2,255 42.5t

GROSS MARGIN L38 ,323 ,698 57 .5t

DEPARTMENTAL EXPENSES Bad Debt Expense 2 ,975 0.08 ComplimenLary Expense 3,447,697 L.4* Payroll - Taxes l_1, l_60 , 855 4 .6* Payroll - Employee Benefits ... lo ,940 ,478 4 .62 Payroll - Officers ... 0 0.0? Payroll - Other Employees 92 ,35t,252 38 .4? Other Departmentsal Expenses . 14 ,7L4 ,559 6.1_t TOTAL DEPARTMENTAI EXPENSES ]-32 .6L7 .8]-7 55.2t

DEPARTMENTAL INCOME (LOSS) 5, 705, 881 2.4*

BEVERAGE DEPARTMENT REVENUE DOLI,ARS PERCENT Beverage Sales 38,861,431 40.2* Compliment,ary Beverage Sales ... 57,731,283 s9.8t TOTAI REVENUE 96,s92,7L4 100.0?

COST OF SAIES 29,439,gLL 30.5?

GROSS MARGIN 67,L52,903 59.5t

DEPARTMENTAI EXPENSES Bad Debt Expense 87 0.0? Compliment.ary Elq)ense 2,646 ,495 2 .7* Payroll - Taxes 2 ,9L6 ,320 3 . 0t Payroll - Employee Benefits ... 2 ,908 ,589 3 . 0t Payro}l - Officers ... 0 0.0t PayrolI - Ot,her Employees L9,l_91,383 ]-9.92 Other Departmental Expenses 6, 500, 665 6 .7* TOTAL DEPARTMENTAL EXPENSES 34, l_53, 539 35 .4t

DEPARTMENTAL INCOME (LOSS ) 32 989 364 34.2t COMBINED INCOME STATEMENT - DETAIL (CONTINUED) L -45

Fiscal Year 2015 Washoe County With Gaming Revenue of $1,000,000 and over Arnounts Represent. 37 Locations.

OTHER INCOME REVENUE DOLLARS PERCENT Other Operating and Non-operating Income .. L07 ,236,528 87.3? Other Complimentary Items L5,567 ,258 ]-2.7* TOTAL REVENUE L22.803.786 L00.0t

COST OF SAIES 43,]-55,925 35.1t

GROSS MARGIN 79,646,86L 64.9*

DEPARTMENTAL EXPENSES Bad Debts Expense l_1, 853 0.0t Complimentary Expense 2,93s ,484 2.42 Payroll - Taxes 2,L72,L89 1.8E Payroll - Employee Benefits ... L,998,754 1. 6? Payro}l - Officers ... 2 ,523 0.0? Payroll - Other Employees L7 ,395 ,541 14.2* Other Departmental Expenses L5 ,8L4 ,285 t2.92 TOTAL DEPARTMENTAI EXPENSES 40.330.539 32.e2

DEPARTMENTAI INCOME (LOSS) 39 3 r.5 222 32 .0t

AVERAGE NI]MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 3, 680 ROOMS DEPARTMENT ... 2,66]l FOOD DEPARTMENT 4,769 BEVERAGE DEPARTMENT ... L, 563 G & A DEPARTMENT 2 ,88L OTHER DEPARTMENTS 994

TOTAI L6 ,547 I-46 ROOM OCCUPAI{CY AI{D PER ROOM PER DAY ANALYSIS

Fiscal Year 2015 Washoe County with Gaming Revenue of $1,000,000 and over Amounts Represent 37 Locations.

RATE OF ROOM OCCUPANCY

toF AVAIT,ARLE ROOMS OCCUPANCY MONTH ROOMS OCCUPIED (COMPUTED) 'JULY . 389 ,473 308, 561 79.23* AUGUST 389 ,1-52 306, 535 78.80? SEPTEMBER 39L,4]-4 288 ,420 73.59* OCTOBER 388 , L29 258,5L7 66.6]-2 NOVEMBER 377 ,668 222 ,93L 59.03? DECEMBER 40L, L70 242 ,350 60.4]-* .JA}TUARY 388 ,432 232,274 s9.80? FEBRUARY 353, 010 227 ,L95 64.36* I4ARCH 396, 803 252 ,526 63.64t APRIL 374 ,366 249 ,584 66.672 MAY . 385, 320 272,L86 70 .64* ,JI,NE 385.598 286 .6L4 74.L4*

TOTAL 621 535 L47 793 58 . l-l-t

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 39.l_3 Per Room Per Day 30.59

Average Rooms Average SIot Revenue Department Payroll Per Room Per Day L92 .9s Per Room Per Day 19.35

Average Food Sales Average Room Rate Per Room Per Day 76.38 Per Day 76.35 PER SQUARE FOOT AI{ALYSIS AI{D RATIOS 1-47 Fi-scal Year 2015 Washoe County With Gaming Revenue of $1,000,000 and over Arnounts Represent 37 Locations.

GAI,IING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAMING REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Includes Bingo and Keno) 2L 6, 558 894 Coin Operated Devices 32 23,2L8 8L7 Poker and Pan L2 L,663 387 Race and Sports t-L 3 ,4L4 481

TOTAL CASINO 37 25 ,356 806

RATIOS PERCENT TOTAI CI'RRENT ASSETS TO TOTAL CURRENT LIABILITIES 287.4*

TOTAL CAPITAL TO TOTAL LIABILITIES s8.6?

TOTAL CAPITAL TO TOTAI CI'RRENT LIABILITIES 449.72

TOTAL CURRENT LIABILITTES TO TOTAL LIABILITIES 13.0?

TOTAL COMPLIMENTARY EXPENSE TO GAT4ING REVENUE 27.6?

MUSIC AI.ID ENTERTAINMENT EXPENSES TO GAI"IING REVENUE l_. 1?

TOTAL REVENUE TO AVERAGE TOTAL ASSETS 81.9?

TOTAI REVENI'E LESS COMP SALES TO AVERAGE TOTAI ASSETS 70.4?

RETI'RN ON TNVESTED CAPITA],* 3 .5?

RETI'RN ON AVERAGE ASSETS* 3.2?

* - FORMUTAS Return on Invested Capital is egual to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the total- of average total- assets less average current liabilities. Return on Average Assets is equal Eo the Eota1 of net income (before federal income taxes and extraordinary items) and interest expense divided by the average total asseUs. l_-48

THIS PAGE I,EFT INTENTIONAILY BLANK COMBINED BALANCE SHEET t-49 Fiscal Year 201-5 Statewide - Balance of CounEies With Gaming Revenue of $1,000,000 and over Amounts RepresenU 39 Locations.

ASSETS CI'RRENT ASSETS DOLLARS PERCENT Cash . 4L,077,287 19.0? Receivables TOTAL ALLOWANCE Casino zLL, L36 l-08, 750 102,386 0.0? Trade 63]-,948 0 63L,948 0.3? Sundry 9L,24L 2 ,500 88,741 0.0? Notes 2 ,1LO , 6g9 9, 000 2,701,699 L.2* Prepaid Expenses 4 ,424 ,5L2 2.0* Other Current Assets 23 ,668 ,47L r.0 . 98 TOTAL CI'RRENT ASSETS 72.695 .034 33.5?

FIXED ASSETS cosr DEPRECIATION Land 34 ,395 ,26! 34 ,395 ,26t r-5 . 9t Land Improvements 6,589,574 2,3t9,L76 4,270,398 2.0* Buildings & Improvements 85, 807, r_83 4L ,49L ,7 09 44 ,3L5 ,474 20.4\ Furniture & EquipmenE 120,581,139 88,1t4,239 32,465 ,900 r-s.0t Lease Improvements 8 ,065 ,042 3,407,L57 4,657 ,gg5 2.L* Construction in Progress 2, l_31_,950 2,1-3L,950 1.0? TOTAL FIXED ASSETS L22,237 .768 s6 .4t

OTHER ASSETS 2t 784 s93 10.1?

TOTAL ASSETS 2L6 7L7 395 100.0?

LIABILITIES AND CAPITAI CURRENT LIABILITIES Accounts Payable - Trade 4 , Lol,4g5 1. 9t AccounEs Payable - Other I,3'74,780 3.9? Current Portion of Long-Term Debt 2 , ggg ,239 1, .43 Accrued Expenses 5 ,474 ,954 2.5* other current Liabilities 4,496 ,035 2.L? TOTAL CI'RRENT LIABILITIES 25 ,446 .392 11. 7t

LONG-TERM DEBT TOTAI OWING CI'RRENT PORTION Mortgages 17,827,636 792,374 17 ,035 ,262 7 .9* Debentures&Bonds 0 0 0 0.0t Notes 9,967,443 774,232 9,L93,2L]-. 4.2* ContracEs 1, 588, 597 L,425 ,4O8 l-53,189 0.1? Other 44,952 7,224 37,728 0.0t TOTA! LONG-TERM DEBT 29,428,628 2,999,238 26 ,429 ,390 L2.2? OTHER LIABILITIES 4L,792,267 r.9.3? TOTAI, LIABTLITIES 93 .668 .049 43.2*

CAPITAL Owners Capital Accounts 35 , 033 ,246 L6.2* Capital Stock & other Capital 930, 555 0 .4? ReEained Earnings 87, 08s, 545 40.22 TOTAL CAPITAL L23.O49.346 55.8t

TOTAL LIABILITIES AITID CAPITAL 2L6 7L7 395 l_00.08

Average Assets Upper Quartile Median Lower Quartile 5, 556, 856 6 ,434 ,340 3 ,346 ,070 l_, 290, 530 l_-50 COIvIBINED INCOME STATEMENT - SUMTIARY

Fiscal Year 2015 Statewide - Balance of Counties With Gaming Revenue of $1,000,000 and over Arnounts Represent 39 Locations.

REVENI'E DOLI,ARS PERCENT Gaming L32 ,56t, s]-s 66.5t Rooms 13, 390, 035 6.73 Food . 30 ,434 ,332 15.3t Beverage L3 ,466 ,402 6. 8t Otsher 9,455,753 4.7* TO?AL REVENUE L99 ,308 ,047 r.00.0?

COST OF SALES 25 ,237 ,562 1,2 .72

GROSS MARGIN L74 ,070 ,485 87 .3t

DEPARTMENTAL EXPENSES 87 ,6]-9,234 44 .0t

DEPARTMENTAL INCOME (LOSS) 85 45]. 25L 43 -4*

GENERAL AI\TD ADMINISTRATIVE EXPENSES Advertising and PromoLion 5,801,555 2 .9* Bad Debt Expense 87, 900 0.0? Complimentary Expense (not reported in departments) ...... 3 ,3gg , 678 1.7* Depreciation - Buildings 801,400 0 .4t Depreciation and AmortizaLion - Other 10,825,303 5 .47 Energy Elq)ense (electricity, gBS, etc.) 5, 583, 839 2.8t Equipment Rental or Lease 445,39L 0.2* Interest Expense L,606,785 0.8t Music and Entertainment 163, 104 0.1? Payroll Taxes L,436 ,2L7 0.72 PayroII - Employee Benefits ... L,L35,7gg 0.5? Payroll - Officers ... 7L5 ,47 6 0 .4? Payroll - Other Employees 9 ,630 ,45'7 4.82 Rent of Premises 4,147 ,3t3 2.LZ Taxes - Real- Estate L,334 , g2t o.7z Taxes and Licenses - Other 859, 515 0 .4t Utilities (Other than Energy Expense) L,349 ,835 o.7* Other General and Administrative Expenses L6 ,399 ,638 8.22 TOTAL GENERAL AI{D ADMINISTRATIVE EXPENSES 65 .71,4 . OL6 33.0t

NET INCOME(LOSS) BEFORE FEDERAL INCOME TAXES A}ID EXTRAORDINARY ITEMS ... 20 737 23s 1_0.4t

Average Revenue Upper Quartile Median Lower Quartile 5, 110 , 463 6,497 ,gA4 4 ,045, O5g 2 ,223 ,394 COMBINED INCOME STATEMENT - DETAIL 1- 51 Fiscal Year 2015 Statewide - Balance of Counties With Gaming Revenue of $1,000,000 and over funounts Represent 39 Locations.

CASINO DEPARTMENT

REVENUE DOLLARS PERCENT Pit Revenue (Includes Keno and Bingo) 2 ,693 ,479 2 .0+ Coin Operated Devices L29 ,54L ,48t 97 .7* Poker and Pan 3l_4,568 0.2+ Race Book 0 0.0t Sports Pool 2]- ,988 0.0t TOTAL REVENUE L32 551_. 5l_5 100.0?

DEPARTI,IENTAL EXPENSES Bad Debt Expense 3,880 0.0? Commissions 98t,715 0.7* Complimentary Expense 9,757 ,608 7 .4* Gaming Taxes and Licenses 9 ,1LL,933 7 .32 Preferred Guest Expenses (no complimentaries) ... 9L9 ,406 0.7* Payroll Taxes l_, 51_0 , 045 L.2* Payroll - Employee Benefits ... 820,223 0 .6? Payroll - Officers ... 700 ,049 0 .5? Payroll - Other Employees L3,924,729 l-0 . 5t Race Wire Fees 0 0.0t Otsher Departmental Expenses L3,779,4L1 10 .4t TOTAL DEPARTMENTAL EXPENSES 52 .208 . 999 39.4t

DEPARTMENTAL INCOME (LOSS) 80 352 515 60.6t

ROOMS DEPARTIVIENT

REVENITE DOLLARS PERCENT Room Sales ... L2 ,762 ,9L2 95.3? Complimentary Rooms ... 627,L23 4.7* TOTAL REVENUE 1_3.390.035 t-00.0?

DEPARTMENTAI EXPENSES Bad Debt Expense 0 0.0? Complimentary Expense 4L2,502 3.1t Payroll - Taxes 383, 181 2.8? Payroll - Employee Benefits ... L75,597 1.3t Payroll - Officers ... 0 0.0t Payroll - Other Employees 3, l-l-3, 551- 23 .32 Otsher Departmental Expenses 2 ,3L4 ,233 l-7 . 3t TOTAL DEPARTPIENTAI EXPENSES 6,399,L64 47 .8*

DEPARTMENTAI INCOME (LOSS ) 990 87L 52.2* L-52 COMBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 Statsewide - Balance of Counties With Gaming Revenue of 91,000,000 and over Amounts RepresenU 39 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sa1es ... 23 , 631,878 77.62 Complimentary Food Sales 6 ,802 ,454 22.4t TOTAT REVENUE 30 .434 .332 l-00.0*

COST OF SAIES ]-6,424,320 54.0E

GROSS }IARGIN L4,0L0 , OL2 46 .0*

DEPARTMENTAL EXPENSES Bad Debt Expense 191 0.0t ComplimenLary Expense 357,597 L.2Z Payroll - Taxes L,632 ,369 5.4t Payroll - Employee Benefits ... 784 ,837 2.6* Payroll - Officers ... 55 ,578 0.2* Payroll - Other Employees L3 ,432 ,]-54 44.1? Other Departmental Expenses 3 ,01"'J,,326 9 .9* TOTAL DEPARTMENTAL EXPENSES L9,274,05L 63.3t

DEPARTMENTAI INCOME (LOSS ) -5 264 039 -17 .32

BEVERAGE DEPARTMENT REVENUE DOLLARS PERCENT Beverage Sales 4 ,027 ,054 29.92 Complimentary Beverage Sa1es ... g , 439 ,349 70 . r-t TOTAL REVENUE L3 .466 .402 r_00.0t

COST OF SALES 5, l_31, 096 38 . l_?

GROSS MARGIN 8, 335, 305 5l-. 9?

DEPARTI{ENTAL EXPENSES Bad Debt Expense 0 .0? Complimentary Expense 1, 759, 883 13.1t Payroll - Taxes 322,205 2.4* Payroll - Employee Benefitss ... L58,245 L.2t Payroll - Officers ... 55, 578 0 .42 Payroll - Other Employees 2 ,327 , L25 17 .32 Other Departmental- Expenses 6Lg ,952 4 .6* TOTAL DEPARTMENTAI, EXPENSES 5 .242 .888 38.9?

DEPARTMENTAL INCOME (LOSS) 092 4 l_8 23 .02 COMBINED INCOME STATEMENT - DETAIL (CONTINUED) t -53

Fiscal Year 2015 Statewide - Balance of Counties With Gaming Revenue of $1,000,000 and over Amounts Represent 39 Locations.

OTHER TNCOME REVENI,'E DOLI,ARS PERCENT Other Operating and Non-operating fncome g,a7g,g0o 97 .L? Other ComplimenEary Items ... 275 ,963 2.9* TOTAL REVENUE 9 .455 .763 100.0t

COST OF SALES 3 ,682 ,1,46 38 . 9?

GROSS MARGIN 5 ,'773 ,6L7 5l- . L?

DEPARTMENTAI EXPENSES Bad Debt Expense 0 0. 0t Complimentary Expense . 27,386 0.3? Payroll - Taxes 239,L71 2.s* Payroll - Employee Benefits ... 96,275 1-. 0t Payroll - officers ... 0 0.0? Payroll - Other Employees L,982 ,407 21. 0? Other Departmental E>cpenses 2 , L48 ,893 22.7* TOTAL DEPARTMENTAL EXPENSES 4 ,494 , L32 47 .5\

DEPARTMENTAL INCOME (LOSS ) 279 485 r.3 .5t

AVERAGE NT]MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 809 ROOMS DEPARTMENT ... 203 FOOD DEPARTMENT 852 BEVERAGE DEPARTMENT ... L94 G & A DEPARTMENT ... 408 OTHER DEPARTMENTS 85

TOTAL 2 ,55). r--54 ROOM OCCUPA}ICY AND PER ROOM PER DAY ANA],YSTS

Fiscal Year 2015 Statewide - Balance of Counties With Gaming Revenue of $1,000,000 and over Amounts Represent 39 Locations.

RATE OF ROOM OCCUPANCY

toF AVAIT.ABLE ROOMS OCCUPANCY MONTH ROOMS OCCUPIED (COMPUTED) ,]ULY . 32 ,885 L9 ,639 s9.72* AUGUST 32 ,887 l_8, 161 s5.222 SEPTEMBER 3L,813 ]-9,375 50.90? OCTOBER 32 ,793 18, 968 57 .A4* NOVEYIBER 3l_,543 L5 ,624 49.532 DECEMBER 32,704 L2,4]-4 37.96+ JANUARY 32 ,869 L2,5L3 3A -07* FEBRUARY 29 ,343 L3 ,440 45.80? MARCH 32,65L 18, 154 55 .50t APRlL 3L,707 L7 ,695 55.81t T4AY . 32 ,762 L8 ,9]-4 57 .73t .JIJNE 3l_. 691 L8 ,925 59.72*

TOTAL 385 648 203 ,822 52 .85t

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day t_3 . 17 Per Room Per Day 66 -07

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day 635.55 Per Room Per Day l_8 . 02

Average Food Sal-es Average Room Rate Per Room Per Day t49.32 Per Day 65 .69 PER SQUARE FOOT ANALYSIS AI.ID RATIOS L-55 Fiscal Year 2015 Statewide - Balance of Counties With Gaming Revenue of $1,000,000 and over AmounLs Represent 39 Locations.

GAI4ING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAI{ING REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Inc1udes Bingo and Keno) 13 1, 590 130 Coin Operated Devices 39 6,830 486 Poker and Pan 6 478 110 Race and Sports L 50 440

TOTA], CASINO 39 7 ,435 457

RATIOS PERCENT TOTAL CURRENT ASSETS TO TOTAL CI'RRENT LIABILITIES 28s.7*

TOTAL CAPITAL TO TOTAI LIABILITIES 13L.4?

TOTAL CAPITAI TO TOTAL CURRENT LIABIIJITIES 483.68

TOTAL CI'RRENT LIABILITIES TO TOTAL LIABILfTIES 27 .2t

TOTAI COMPLIMENTARY EXPENSE TO GAIVIING REVENUE l-l-. 8?

MUSIC AND ENTERTAINMENT EXPENSES TO GAI,IING REVENUE 0.L?

TOTAL REVENUE TO AVERAGE TOTAI ASSETS 92.8*

TOTAL REVENUE LESS COMP SAIES TO AVERAGE TOTAL ASSETS 84 .8t

RETI'RN ON INVESTED CAPITAL L2 .62

RETURN ON AVERAGE ASSETS* L0 .4*

FORMT'LAS

ReEurn on Invested Capital is egual to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the total- of average total assets less average currenU liabilities. Return on Average Assets is egual to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the average total assets. t -56

THIS PAGE LEFT INTENTIONAILY BLANK SECTION 2 DETAIL OF SELECTED GROUPS

INDEX

CLARK COUNTY - LAS VEGAS STRIP AREA With Gamine Revenue of $1.000.000 and Over Page

Combined Balance Sheet 2-1 Combined Income Statement - Summary .r', Combined Income Statement - Detail: Casino Department 2-3 Rooms Department 2-3 Food Department 2-4 Beverage Department 2-4 Other Income 2-5 Average Number of Employees 2-5 Rate of Room Occupancy 2-6 Per Room Per Day Statistics 2-6 Gaming Revenue per Square Foot 2-7 a1 Ratios

CLARK COUNTY - LAS VEGAS STRIP AREA With Gamine Revenue of $1.000.000 to $72.000.000

Combined Balance Sheet 2-9 Combined Income Statement - Summary 2-10 Combined Income Statement - Detail: Casino Department 2-11 Rooms Department 2-11 Food Department 2-12 Beverage Department 2-12 Other Income 2-13 Average Number of Employees 2-13 Rate of Room Occupancy 2-14 Per Room Per Day Statistics 2-14 Gaming Revenue per Square Foot 2-t5 Ratios 2-15

CLARK COUNTY. LAS VEGAS STRIP AREA With Gamine Revenue of $72.000.000 and Over

Combined Balance Sheet 2-17 Combined Income Statement - Summary 2-18 Combined Income Statement - Detail: Casino Department 2-19 Rooms Department 2-19 Food Department 2-20 Beverage Department 2-20 Other lncome 2-21 Average Number of Employees 2-21 Rate of Room Occupancy 2-22 Per Room Per Day Statistics 2-22 Gaming Revenue per Square Foot 2-23 Ratios 2-23 SECTION 2 - CONTINUED DETAIL OF SELECTED GROUPS

INDBX

CLARK COUNTY - DOWNTOWN LAS VEGAS AREA With Gamins Revenue of $1.000.000 and Over Pase

Combined Balance Sheet 2-25 Combined Income Statement - Summary 2-26 Combined Income Statement - Detail: aa1 Casino Department Rooms Department 2-27 Food Department 2-28 Beverage Department 2-28 Other Income 2-29 Average Number of Employees 2-29 Rate of Room Occupancy 2-30 Per Room Per Day Statistics 2-30 Gaming Revenue per Square Foot 2-31 Ratios 2-31

CLARK COUNTY - DOWNTOWN LAS VEGAS AREA With Gamine Revenue of $1.000.000 to $12.000.000

Combined Balance Sheet 2-33 Combined Income Statement - Summary 2-34 Combined Income Statement - Detail: Casino Department 2-35 Rooms Department 2-35 Food Department 2-36 Beverage Department 2-36 Other Income z-3 I Average Number of Employees 2-37 Rate of Room Occupancy 2-38 Per Room Per Day Statistics 2-38 Gaming Revenue per Square Foot 2-39 Ratios 2-39

CLARK COUNTY - DOWNTOWN LAS VEGAS AREA With Gamins Revenue of $12.000.000 and Over

Combined Balance Sheet 2-4t Combined Income Statement - Summary 2-42 Combined Income Statement - Detail: Casino Department 2-43 Rooms Department 2-43 Food Department 2-44 Beverage Department 2-44 Other Income 2-45 Average Number of Employees 2-45 Rate of Room Occupancy 2-46 Per Room Per Day Statistics 2-46 Gaming Revenue per Square Foot 2-47 Ratios 2-47 SECTION 2 . CONTINUED DETAIL OF SELECTED GROUPS

INDEX

CLARK COUNTY. LAUGHLIN AREA With Gamine Revenue of $1.000,000 and Over Pase

Combined Balance Sheet 2-49 Combined Income Statement - Summary 2-s0 Combined Income Statement - Detail: Casino Department 2-51 Rooms Department 2-51 Food Department 2-52 Beverage Department 2-52 Other lncome 2-s3 Average Number of Employees 2-53 Rate ofRoom Occupancy 2-54 Per Room Per Day Statistics 2-54 Gaming Revenue per Square Foot 2-55 Ratios 2-55

CLARK COUNTY - BOULDER STRIP AREA With Gamine Revenue of $1.000.000 and Over

Combined Balance Sheet 2-57 Combined Income Statement - Summary 2-58 Combined Income Statement - Detail: Casino Department 2-59 Rooms Department 2-59 Food Department 2-60 Beverage Department 2-60 Other Income 2-61 Average Number of Employees 2-61 Rate of Room Occupancy 2-62 Per Room Per Day Statistics 2-62 Gaming Revenue per Square Foot 2-63 Ratios 2-63

CLARK COUNTY - BALANCE OF COUNTY With Gamine Revenue of $1.000.000 and Over

Combined Balance Sheet 2-65 Combined Income Statement - Summary 2-66 Combined Income Statement - Detail: Casino Department 2-67 Rooms Department 2-67 Food Department 2-68 Beverage Department 2-68 Other Income 2-69 Average Number of Employees 2-69 Rate of Room Occupancy 2-70 Per Room Per Day Statistics 2-70 Gaming Revenue per Square Foot 2-7 | Ratios 2-71 SECTION 2 - CONTINUED DETAIL OF SELECTED GROUPS

INDEX

ELKO COUNTY - WENDOVER AREA With Gamine Revenue of $1.000.000 and Over Page

Combined Balance Sheet 2-73 Combined lncome Statement - Summary 2-74 Combined Income Statement - Detail: Casino Department 2-75 Rooms Department 2-75 Food Department 2-76 Beverage Department 2-76 Other Income 2-77 Average Number of Employees 2-77 Rate of Room Occupancy 2-78 Per Room Per Day Statistics 2-78 Gaming Revenue per Square Foot 2-79 Ratios 2-79

WASHOE COUNTY - RENO/SPARKS AREA With Gamine Revenue of $1.000.000 and Over

Combined Balance Sheet 2-81 Combined lncome Statement - Summary 2-82 Combined Income Statement - Detail: Casino Department 2-83 Rooms Department 2-83 Food Department 2-84 Beverage Department 2-84 Other lncome 2-85 Average Number of Employees 2-85 Rate of Room Occupancy 2-86 Per Room Per Day Statistics 2-86 Gaming Revenue per Square Foot 2-87 Ratios 2-87

WASHOE COUNTY. RENO/SPARKS AREA With Gamine Revenue of $1.000.000 to $12.000.000

Combined Balance Sheet 2-89 Combined Income Statement - Summary 2-90 Combined Income Statement - Detail: Casino Department 2-91 Rooms Department 2-91 Food Department 2-92 Beverage Department 2-92 Other Income 2-93 Average Number of Employees 2-93 Rate of Room Occupancy 2-94 Per Room Per Day Statistics 2-94 Gaming Revenue per Square Foot 2-95 Ratios 2-95 SECTION 2 - CONTINUED DETAIL OF SELECTED GROUPS

INDEX

WASHOE COUNTY. RENO/SPARKS AREA With Gamine Revenue of $12.000.000 to $36.000.000 Page

Combined Balance Sheet 2-97 Combined Income Statement - Summary 2-98 Combined Income Statement - Detail: Casino Department 2-99 Rooms Department 2-99 Food Department 2-100 Beverage Department 2-100 Other Income 2-101 Average Number of Employees 2- 101 Rate of Room Occupancy 2-102 Per Room Per Day Statistics 2-t02 Gaming Revenue per Square Foot 2-103 Ratios 2-103

WASHOE COUNTY. RENO/SPARKS AREA With Gamine Revenue of $36.000.000 and Over

Combined Balance Sheet 2-105 Combined Income Statement - Summary 2-106 Combined Income Statement - Detail: Casino Department 2-107 Rooms Department 2-107 Food Department 2-108 Beverage Department 2-108 Other Income 2-109 Average Number of Employees 2-109 Rate ofRoom Occupancy 2-110 Per Room Per Day Statistics 2-tl0 Gaming Revenue per Square Foot 2-111 Ratios 2-tt1

WASHOE COUNTY - BALANCE OF COUNTY With Gamins Revenue of $1.000.000 and Over

Combined Balance Sheet 2-tt3 Combined Income Statement - Summary 2-114 Combined Income Statement - Detail: Casino Department 2-115 Rooms Department 2-tt5 Food Department 2-tt6 Beverage Department 2-r16 Other Income 2-tt7 Average Number of Employees 2-1t7 Rate of Room Occupancy 2-118 Per Room Per Day Statistics 2-ll8 Gaming Revenue per Square Foot 2-119 Ratios 2-119 COMBINED BAIANCE SHEET 2-1. Fiscal Year 2015 Clark County - Las Vegas Strip Area With Gaming Revenue of $1,000,000 and over Amounts Represent 47 Locations.

ASSETS CI'RRENT ASSETS DOLLARS PERCENT Cash . L, 490 ,253 ,952 2 -2* Receivables TOTAI A],LOWAI{CE Casino L,218 ,676 ,933 524 ,126 ,884 694 ,550 , 049 l- . 0 t Trade 457 ,3O7 ,326 \2 ,971_,3L6 444,336,010 0.6t Sundry 9,031,033,289 690 ,584 9,030 ,342,705 L3.0t Notes 0 0 0 0.08 Prepaid Expenses 2]-2,565,240 0.3? Other Current Assets L9,597,960,747 28.32 TOTAL CI]RRENT ASSETS 3L,470,008,703 45.4*

FIXED ASSETS COST DEPRECIATlON Land L2,9O5,776,223 L2,905,775,223 18.6? Land Improvements 1, 318, 834 , L83 5]-8 ,3]-2 ,670 800,521,513 1.2* Buildings & Improvements 24,274, 606, 902 7 ,013, 598, 530 7.7 ,26L, OO8 ,372 24 .9* Furniture & Equipment 8,432,331,464 5,289,077 ,!05 3,!43,254,359 4.5* Lease Improvements 36,322,251 ]-4,659 ,9]-7 2!,662,334 o.ot Constsruction in Progress 509,155,088 509, l-55, 088 0 .72 TOTAL FIXED ASSETS 34,641-,387,889 50.08

OTHER ASSETS t37 205 6s8 4.st

ASSETS 69 248 602 250 100.0?

LIABTLITIES A}ID CAPITAL CI'RRENT LIABILITIES Accounts Payable - Trade 30L,994 ,686 0 .4? Accounts Payable - Other 1,54L,666,867 2.22 CurrenU Portion of Long-Term Debt 308,L76,755 0.4t Accrued Expenses 687,757,353 l-.0t other Current Liabilities 20,822,387,007 30.18 TOTAL CI'RRENT LIABILITIES 23 ,66l.,982 ,668 34 .2*

LONG-TERM DEBT TOTAI OWING CI'RRENT PORTION Mortgages 1,879,297 ,576 8l-,843,981 L,797 ,453,595 2.6* Debentures & Bonds 2,22!,tL7,4t5 24,045,L98 2 , a97 ,072 ,2L7 3 .2t Notes 3,563,823,759 27 ,85L,857 3, 635 ,9'7L,902 5 .3? Contracts L7-,748,724 6,806,224 4 ,942 ,5OO 0 . 0t Other 7 ,2L7 ,860 , 554 L67 , 629 , 495 7,050 ,23L,L59 LO.2? TOTAL LONG-TERM DEBT L4,993,848,L28 308,L76,755 L4,685,67L,373 2L.2? OTHER LTABILITIES 2L,905,280,505 31.6t TOTAL LTAE}II,ITIES 60,252,934,546 87.0?

CAPITAL Owners Capital Accounts ..-11,L94,222,475 -]-6.22 Capital Stock & Other Capital 23,L86,983,572 33.5t Retained Earnings -2,997,093,393 -4.3t TOTAL EAPITAL 8, 995 ,667 ,704 13.0?

TOTAL LIABILITIES AIID CAPITAL 69,248 602 250 100.0t

Average Assets Upper Quartsile Median Lower Quartil-e L,473 ,374 ,5L6 1,495, 000, 453 548 , L20 ,487 L3 ,528 ,84L 2-2 COMBINED INCOME STATEMENT - SUMMARY

Fiscal Year 2015 C1ark County - Las Vegas Strip Area WiEh Gaming Revenue of $1,000,000 and over Amounts Represent 47 Locations.

REVENUE DOLLARS PERCENT Gaming 5 ,842 ,272 ,843 34.92 Rooms 4 ,468 ,285 , L23 26.72 Food . 2,655,370,L98 15.9t Beverage !,243 ,527 ,46L 7 .42 Other 2 ,532 , L89 , 657 15.L? TOTAL REVENUE L6 .7 4t . 645 .282 r_00.0?

COST OF SALES 1, L10 ,445,26L 6 .6?

GROSS MARGTN 15,631,200,02L 93.4?

DEPARTMENTAL EXPENSES 8,708 ,448,7'7L 52.0*

DEPARTMENTAL TNCOME (LOSS) 6,922,751-,250 4L.42

GENERAL AI{D ADMIN]STRATIVE EXPENSES Advertising and Promotion L72,607,752 1. 0t Bad Debt Expense L,663 ,022 0.0t Complimentary Expense (not reported in departments) ...... 85 , 072 ,7L4 0.st Depreciation - Buildings 766,896,578 4 .62 Depreciation and Amortization - Other 853 ,4LO ,529 5.1-? Energy Expense (electricity, gas, etc.) 239,L97,908 L.4Z Eguipment Rental or Lease L3,L47,644 0.1-? Interesu Expense 2 , 040 ,25L ,358 L2.2* Music and Entertainment 3L6 ,578 ,603 L. 9? Payro}l Taxes 72 ,632,48O o .4* Payroll - Empl-oyee Benefits ... 280, 738, 311 L.7* Payroll - Officers ... 40 ,654 , L74 0.2* Payroll - Other Employees 775,557 ,556 4 .6+ Rent of Premises l_18,075,38L 0.7* Taxes - Real Estate LsL,726 ,070 0.9? Taxes and Licenses - Other 53 ,469 ,4L8 0.3? UEilities (Other than Energy $cpense) 78,766,773 0.st Other ceneral and Administrative Expenses L,784 ,572 , 058 l_0 . 7t TOTAL GENERAL AND ADMINISTRATIVE EXPENSES 7 ,846,028,329 46.9*

NET INCOME (LOSS) BEFORE FEDERAL INCOME TN(ES AI{D EXTRAORDINARY ITEMS . . . -923 277 079 -5.5?

Average Revenue Upper Quart,ile Median Lower Quartile 356,205,2L9 458 ,028 ,464 L50,827,607 29 ,802 ,199 COMBINED INCOME STATEMENT - DETAIL 2-3 Fiscal Year 201-5 Clark County - Las Vegas Strip Area With Gaming Revenue of $1,000,000 and over Arnounts Represent 47 Locations.

CASINO DEPARTMENT

REVENUE DOLI,ARS PERCENT Pit Revenue (Includes Keno and aingo) 2,655,4L1,248 45.5? Coin Operated Devices 2,955,239,752 s0.6? Poker and Pan 97 ,693,588 L.7* Race Book 32 ,674 ,438 0.5? Sports Pool L9L,253 ,8L7 t.7z TOTAL REVENi'E 842 .272 .843 r-00.0t

DEPARTMENTAL EXPENSES Bad Debt Expense L32,729,1L5 2.3* Commissions 17 ,349 ,1_9O 0.3? Complimentary Expense t ,528 ,772 ,758 26.22 Gaming Taxes and Licenses 436,1_5O,L1L 7.5* Preferred Guest Expenses (no complimentaries) ... 200 ,550 ,067 3 .4? Payroll Taxes LL9 ,186 ,942 2.OZ Payroll - Employee Benefits ... 2OL ,396 ,553 3.42 Payroll - officers ... L3 ,352 ,234 o.2t Payroll - Other Employees 770,555,805 L3.22 Race Wire Fees 6 ,383 ,496 0.1? Other Departmental Expenses 478 ,489 ,3LL 8.2* TOTAI DEPARTMENTAI EXPENSES 3.90s .01s.642 66. 8?

DEPARTMENTAL INCOME (LOSS) 937 257 201, 33.2*

ROOMS DEPARTMENT

REVENT'E DOLI,ARS PERCENT Room Sa1es ... 3 ,673 ,5L9 ,738 82.2* ComplimenUary Rooms ... 794,765,385 r-7 .8t TOTAL REVENUE 4 . 468 .28s . L23 100.0*

DEPARTMENTAL EXPENSES Bad Debt Expense I ,274 , 446 0.2* Complimentary Expense LL6 , 644 ,298 2 .6? Payroll - Taxes 80,002,955 L.7+ Payroll - Employee Benefits ... 236 ,991,712 5.3? Payroll - Officers ... 3 ,2L8 ,53L 0.1? PayrolI - Other Employees 769,657 ,598 L7 .22 Other Departmental Expenses 508 , 395, l_l_l_ L]-.4z TOTAL DEPARTMENTAL EXPENSES 723 . L85 .65L 38.5t

DEPARTMENTAL INCOME (LOSS ) 745 099 472 61- .4? 2-4 COMBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 C1ark County - Las Vegas Strip Area With Gaming Revenue of $1-,000,000 and over Amounts Represent 47 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... 2 ,253 ,344 , 488 84.92 Complimentary Food Sales 402,025,7L0 15. 1t TOTA]. REVENI'E 2.655. 370. 198 100 . 0?

COST OF SALES 719,937,26L 27.L*

GROSS MARGIN 1,935 ,432,937 72.92

DEPARTMENTAL EXPENSES Bad Debt Expense 2,376,705 0.1? Complimentary Expense . 22,g0o,L39 0.9t Payroll - Taxes l_l_3, 409, 065 4.3? Payroll - Employee Benefits ... 276,689,500 10 .4? Payroll - Officers ... 10 ,0L3 , 624 0.4t Payroll - Other Employees 883,077 ,sLL 33.3t Other Departmental Expenses 1-'75 ,785 , 920 6 .5* TOTAL DEPARTMENTAL EXPENSES 484 , L52 .464 55.9?

DEPARTMENTAL INCOME (LOSS ) 4 51_ 280 473 17.0t

BEVERAGE DEPARTMENT REVENUE DOLLARS PERCENT Beverage Sales 846 ,333 ,96L 68.lt Complimentary Beverage Sales ... 397, l_93, 500 3r_.9? TOTAL REVENUE 1,243,527 ,46L 1-00.0?

COST OF SALES 199 ,45L,457 15.0?

GROSS MARGIN L,044 ,075 ,994 84.0?

DEPARTT,IENTAT EXPENSES Bad Debt Expense 531,063 0.0* Complimentary Expense . 34 ,674 ,55L 2.8* Payroll - Taxes 30, 658, 525 2.s* Payroll - Employee Benefits ... 66 ,4]-0 ,483 s.3t Payroll - Officers ... 735,006 0.lt Payroll - Other Employees 204 ,06]-,658 L6 .42 Other Departmental Expenses 252 ,088 ,623 20.3* TOTAI DEPARTMENTAL EXPENSES s89. r_69.909 47.4*

DEPARTMENTAL INCOME (LOSS ) 454, 905, 085 36 .6t COMBINED INCOME STATEMENT - DETAIL (CONTINUED) 2-5

Fiscal Year 2015 Ctark County - Las Vegas Strip Area With Gaming Revenue of $l-,000,000 and over Amounts Represent 47 Locations.

OTHER INCOME REVENUE DOLLARS PERCENT Other Operating and Non-operating Income 2 ,425 ,975 , L24 95. 8? Other Complimentary Items ... L06 ,2L4 ,533 4.22 TOTAL REVENUE 2 .532 , L89 , 657 100.0?

COST OF SAIES 191_, 056, 533 7 .5*

GROSS MARGIN 2 ,341 , t33 , L24 92.5*

DEPARTMENTAI EXPENSES Bad Debt Expense L2,567,3L6 0.5t Complimentary Expense 22 ,092 ,239 0 . 9? Payroll - Taxes 38, 053, 302 l-.5t Payroll - Employee BenefiEs ... 74,072,884 2.9* Payroll - officers ... 3,22L,938 0.1t Payroll - other Employees 373 ,994 ,598 14 .8? Other Departmental Expenses 482 ,922 ,828 19 . lt TOTAL DEPARTMENTAI EXPENSES L,006,925,]-05 39.8t

DEPARTMENTAT INCOME (LOSS ) 334 208,019 52 -7*

AVERAGE NI]MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 23 ,368 ROOMS DEPARTMENT ... 2L,559 FOOD DEPARTMENT 25 ,476 BEVERAGE DEPARTMENT ... 7 ,023 G & A DEPARTMENT ... 14, 510 OTHER DEPARTMENTS 8, 5l-4

TOTAI, 1_00,450 2-6 ROOM OCCUPATICY AND PER ROOM PER DAY A}IALYSIS

Fiscal Year 2015 Clark County - Las Vegas Strip Area With Gaming Revenue of $1,000,000 and over Amounts Represent 47 Locations.

RATE OF ROOM OCCUPAI{CY

?OF AVAIT.AFLE ROOMS OCCUPANCY ROOMS OCCUPIED (COMPUTED) .I'LY . 2,742,!90 2 ,559 ,7 6g 93.3s? AUGUST 2,740,300 2 ,536 , L54 92.ss* SEPTEMBER 2 ,713 , 40L 2 ,439 , L7l 89.89t OCTOBER 2,789,400 2 ,57L,898 92 -24* NOVEMBER 2 ,685 ,764 2 ,32t ,7L3 86 .45? DECEMBER 2,727 ,370 2 ,209 ,257 81. 00t JAIVUARY 2 , go0 ,972 2 ,389 , L09 85.30? FEBRUARY 2 ,528 ,490 2 ,240 , 043 88.59? MARCH 2 , g0g ,564 2 ,590 ,7-93 92 -L9* APRIL 2 ,753 ,104 2 ,558 ,208 92.92* I,IAY . 2,799,925 2 ,620 ,220 93 .92t .TUNE 2 , 682 .729 2 ,51,5 ,942 93.78+

TOTAL 32 762 009 29 551 676 90.203

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 89.86 Per Room Per Day 42.08

Average Rooms Average Slot Revenue Department Payro}l Per Room Per Day r_00.00 Per Room Per Day 35.88 Average Food Sales Average Room Rate Per Room Per Day 89.85 Per Day 151.20 PER SQUARE FOOT AIVAIYSIS AIID RATIOS 2-7 Fiscal Year 2015 Clark County - Las Vegas Strip Area With Gaming Revenue of $1,000,000 and over Arnounts Represent 47 Locations.

GAI4ING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAMING REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Incl-udes Bingo and Keno) 38 L8,739 3 ,729 Coin Operated Devices 39 55,393 1,344 Poker and Pan 24 3, 055 1,332 Race and Sports 33 5,222 777

TOTAL CASINO 47 67,L1L l_, 851

RATIOS PERCENT TOTAI CURRENT ASSETS TO TOTAL CI'RRENT LIABILITIES 133.0?

TOTAL CAPITAL TO TOTAL LIABILITIES L4 .92

TOTAL CAPITAI TO TOTAL CI'RRENT LIABILITIES 38.0t

TOTAI CI'RRENT LIABILITTES TO TOTAI, LIABILITIES 39.3t

TOTAL COMPLI}4ENTARY EXPENSE TO GAI{TNG REVENUE 31.0t

MUSIC AND ENTERTAINMENT EXPENSES TO GAMING REVENUE 5 .4?

TOTAL REVENUE TO AVERAGE TOTAL ASSETS 2s .0t

TOTAL REVENUE LESS COMP SALES TO AVERAGE TOTAI ASSETS 22.s2

RETURN ON INVESTED CAPITA].* 3 .4*

RETURN ON AVERAGE ASSETS* 1,.7?

* - FORMULAS Return on Invested CapiLaI is equal Eo the total of net, income (before federal income Eaxes and extraordinary items) and interest expense divided by the total of average total assets less average current liabilities. Return on Average AsseLs is egual to the total of net income (before federaf income taxes and extraordinary items) and interest expense divided by the average total assets. 2-8

THIS PAGE LEFT INTENTIONALLY BI,ANK COMBINED BAIANCE SHEET 2-9 Fiscal Year 2015 C1ark County - Las vegas Strip Area With Gaming Revenue of $1,000,000 Eo $72,000,000 Amounts Represent 24 Locations.

ASSETS CURRENT ASSETS DOLLARS PERCENT Cash . 205, 895, 589 s .4t Receivables TOTAL AILOWANCE Casino 15 ,776 ,575 7 ,397 ,723 g ,379 ,952 0.22 Trade 63,799,t72 3 ,tt9 ,657 60 ,679 ,505 r..6t Sundry 38, 983, 958 0 38, 983, 958 r_.0t Notes 0 0 0 0.0? Prepaid Expenses 25,727 ,1-OO 0.7* Other Current Assets L9 ,323 ,.J.85 0.st TOTAL CI,'RRENT ASSETS 358.988.189 9 .5?

FTXED ASSETS DEPRECIATION Land L,4O'7 , L78 ,9L3 1_,407 ,L78,9L3 37 .2* Land fmprovemenUs 113, l-40,956 Lt,78L,753 101_, 359, 203 2.72 Buildings & ImprovemenUs 1,393,408,383 244 ,193 ,605 L,L49,21_4,778 30.4? Furniture & Equipment 625,686,871 361, 91_9, 035 263,767 ,836 7 .02 Lease Improvements 30,0]-7,864 1,1, ,258 , L45 1-8,'759,7L9 0.st ConsLruction in Progress 229,654,962 229 ,654 ,962 6.LZ TOTAL FIXED ASSETS 3 , 169, 93s. 411 83.9*

OTHER ASSETS 25L 3s3 7e9 6 .6t

TOTAL ASSETS 3 ,'780 ,277 ,389 l-00 . 0t

LIABILITIES AND CAPITAL CI'RRENT LIABILITIES Accounts Payable - Trade 65 ,882 ,557 1.7* AccounEs Payable - Other 7,].70,336 0.2* Current Portion of Long-Term Debt 35, 348, 711 0.9t Accrued Expenses 87 ,145,298 2.3t Other Current Liabilities 1_00, 640, 883 2.7* TOTAI CURRENT LIABILITIES 296.187.775 7 .8+

LONG-TERM DEBT TOTAL OWING CURRENT PORTION Mortgages 24,198,576 L,744,98L 22 ,453 ,595 0.6? Debentures&Bonds 0 0 0 0.0? Notes !,20L,L80,272 9,L50,557 L, !92 , O29 ,7]-5 31. s? Contracts 2,22L,982 L,625,953 596 ,029 0 .0? Other L,L76,793,682 22,827,220 1,153 ,966,462 30. s? TOTAL LONG-TERM DEBT 2,404,394,5L2 35,348,7L1 2 ,369, 045, 801 62.7* OTHER LIABILITIES 110,785,767 2.9t TOTAI, I.IABILITIES 2.776.0L9.343 73 .4*

CAPITAL Owners Capital Accounts L34,6L5,286 3.6* Capital Stock & Otsher Capital L,828,763,925 48.4* Retained Earnings -959,L2L,1,65 -25.4* TOTAL CAPTTAT, L,004 ,258,046 25.6*

TOTAI LIABILITIES A}TD CAPITAL 3, 780 ,277 ,389 ]-OO. O?

Average Assets Upper Quartile Median Lower Quartile 157, 5l_L, 558 230 ,494 ,483 19, 611, 099 5 ,169 , 966 2-IO COMBINED INCOME STATEMENT - SUMI4ARY

Fiscal Year 2015 Clark County - Las Vegas Strip Area with Gaming Revenue of $1,000,000 lo $72,000,000 Amounts Represent 24 Locations.

REVENI'E DOLLARS PERCENT Gaming 548 ,434 ,L36 35.9? Rooms 4L9 ,689 ,940 28.2? Food . 2L9 ,236 ,499 ]-4.7* Beverage ]-39,543,704 9 .4* Other ]-60 ,200 , 020 l-0 .8t TOTAI REVENUE 4A7 .104.299 l-00 . 0?

COST OF SAIES L!6,L57,433 7.8t

GROSS MARGIN 1,370,946,866 92.2*

DEPARTMENTAL EXPENSES 874,049 ,903 58 .8t

DEPARTIIENTAL INCOME (LOSS) 496 896 963 33 .4t

GENERAL AI{D ADMINISTRATIVE EXPENSES Advertising and Promotion 24 ,540 ,L78 l.7z Bad Debt Expense 346,573 0.0t Complimentary Expense (not reported in departments) ...... !5,L78,342 L.0t Depreciation - Buildings 43,733,480 2.9t Depreciation and Amortization - Other l-11-,786,131 7.5* Energ"y Expense (electricity, 9BS, etc.) 36,347 ,LgL 2.4* Eguipment Rental or Lease L,843 ,629 0.1-? fnterest Expense 258,507 ,738 L7.42 Music and Entertainment 3 ,338 ,902 0.2* Payroll Taxes L2,448 ,797 0.8t Payroll - Employee BenefiEs ... 3L,819,508 2.LZ Payroll - Officers ... ]-3,475,]-78 0.9? Payroll - Other Employees 110, 066, 337 7 .4* Rent of Premises 63 ,522 ,419 4.3t Taxes - Real- Estate LO ,460 ,972 0.7? Taxes and Licenses - Other 5 ,565 ,402 0 .4t Utilities (Other than Energy Expense) LO ,992 ,654 0.7* other General and Administrative Elcpenses 84,809,308 5.72 TOTAL GENERAL AND ADMINISTRATIVE EXPENSES 838 .782 ,829 s6.4*

NET INCOME(LOSS) BEFORE FEDERAL INCOME TA]GS AND EXTRAORDINARY ITEMS . . . -34L,885,855 -23.0+

Average Revenue Upper Quartile Median Lower Quartil-e 6L,962 ,679 122 ,393 ,344 37 ,4L5,868 3, 785, 580 COMBINED INCOME STATEMENT - DETAIL 2-LL Fiscal Year 201-5 Clark County - Las Vegas StriP Area With Gaming Revenue of $1-,000,000 Lo $72,000,000

Amountss Represent 24 Locations.

CASINO DEPARTMENT

REVENUE DOLLARS PERCENT Pit Revenue (fncludes Keno and Bingo) L47,8'18,L93 27.0t Coin Operated Devices 359,830,143 55.5t Poker and Pan L,750,]-64 o.3t Race Book 10, 543, 890 1. 9t Sports Pool 2g ,43L ,'.l 46 5.2* TOTAI REVENUE 548 ,434 , L36 r-00.0t

DEPARTMENTAL EXPENSES Bad Debt Expense 4,259,717 0.8t Commissions 5 ,957 ,039 1-. l-t Complimentary Expense . 98 ,91,4 ,498 L8 . 0t Gaming Taxes and Licenses 44,587 ,20L 8.1t Preferred Guest Expenses (no complimentaries) ... 2,269 ,603 0 .4t Payroll Taxes 15,309,015 2.8t Payroll - Employee Benefits ... 24,360,546 4.42 Payroll - Officers ... L,4L8 ,027 0 .3? Payroll - Other Employees 98,334,094 L7 .9* Race Wire Fees L,36L,822 0.2* Other Departmental Hcpenses 46,09L,476 8.42 TOTAL DEPARTMENTAL EXPENSES 342,963 ,038 62 .5t

DEPARTMENTAI INCOME (LOSS) 205 47L 098 37.58

ROOMS DEPARTMENT

REVENT]E DOLLARS PERCENT Room Sales ... 370,778,502 88.3t Complimentary Rooms . . . 48 ,9LL,438 11. 7? TOTAI REVENUE 419 ,689 ,940 L00.0t

DEPARTMENTAL EXPENSES Bad Debt Expense L,42t ,]-90 0.3t Complimentary Expense 8, l-18, 600 t-. 9? Payroll - Taxes 9,746,467 2.3* Payroll - Employee Benefits ... 29 ,078 ,076 6 .62 Payroll - Officers ... 654 ,218 0.2* Payroll - Other Employees 98 , 972 ,733 23.5t Other Departmental Expenses 68 ,51-7 , L7 6 15.3? TOTAL DEPARTMENTAI EXPENSES 2]-5 ,5L8 ,450 5l-.4t

DEPARTMENTAL INCOME (LOSS ) 204 1,7L 480 48.6t 2-L2 COMBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 Clark County - Las Vegas Strip Area With Gaming Revenue of $1,000,000 to $72,000,000 Arnounts Represent 24 Locatsions.

FOOD DEPARTMENT REVENUE DOLI,ARS PERCENT Food Sales ... L88 ,973 ,4L7 86.22 Complimentary Food Sales 30 ,263 ,082 13.8t TOTAL REVENUE 2L9 .236 . 499 r_00.0t

COST OF SALES 69 ,026 ,665 3L.5?

GROSS MARGIN L50,209,834 68.5?

DEPARTMENTAI EXPENSES Bad Debt Expense 44,543 0.0? Complimentary Expense . 3,222,53L 1.5? Payroll - Taxes !2,L89,9]-2 5.5? Payroll - Employee Benefits ... 24 ,724 ,280 1l- . 3? Payroll - Officers ... 3, 511, 415 1-.62 Payroll - Other Employees 86,43L,523 39.4* Other Departmental Expenses L7 ,092,O43 7 .8? TOTAL DEPARTMENTAL EXPENSES L47 ,2L6,247 67 .l?

DEPARTMENTAL INCOME (LOSS ) 993 587 l-.4?

BEVERAGE DEPARTMENT REVENUE DOLLARS PERCENT Beverage Sales 88 ,462,029 63 .4t Complimentary Beverage Sales ... 51,081,675 35.5t TOTAL REVENUE L39,543.704 100.0?

COST OF SALES 27,362,587 19.6t

GROSS MARGIN 112, 181, 117 80 .4?

DEPARTMENTAL EXPENSES Bad Debt. Expense 2 ,423 0.0? Complimentary Elq)ense 7 ,757 ,562 5 .6? Payroll - Taxes 5,130,503 3.7* Payroll - Employee Benefits ... 8, 553, 130 5.L3 Payroll - Officers ... 515, l_05 0 .4t Payroll - Other Employees 34 ,340 ,643 24 .62 Other Departmental Expenses 35,L32,674 25.2* TOTAL DEPARTMENTA], EXPENSES 9L,443 ,041, 55 .5t

DEPARTMENTAL INCOME (LOSS ) 20 738 o76 L4.9t COMBINED INCOME STATEMENT - DETAIL (CONTINUED) 2-L3

Fiscal- Year 2015 Clark County - Las Vegas Strip Area With Gaming Revenue of $l-,000,000 Lo 572,000,000 Amounts Represent 24 Locations.

OTHER INEOME REVENUE DOLLARS PERCENT Other Operating and Non-operating Income 157, 598, 030 98 .4* Other Complimentary Items ... 2,60L, gg0 1. 6? TOTAL REVENI'E 160 .200 . 020 L00.0?

COST OF SALES L9,768,L81- ]-2.3*

GROSS I"IARGIN '1"40 ,431-,839 87 .7?

DEPARTMENTAL EXPENSES Bad Debt Expense ]-53 ,27 O 0.1t Complimentary Expense 2, 99L, g]-s L. 9? Payroll - Taxes 3 ,242 ,078 2.0? Payroll - Employee Benefits ... 7 ,LL2,78L 4.4* Payroll - Officers ... 324 ,645 0.22 Payroll - Other Employees 27 ,858 ,01_t a7 .42 Other Departmental Expenses 35 ,226 ,4L7 22.02 TOTAL DEPARTMENTAL EXPENSES 76.909.L]-7 48.0t

DEPARTMENTAL TNCOME (LOSS) 53 522 722 39.7*

A\/ERAGE NUMBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 3,5L2 ROOMS DEPARTMENT ... 3, 087 FOOD DEPARTMENT 3,430 BEVERAGE DEPARTMENT ... L,469 G&A DEPARTMENT... 2 ,496 OTHER DEPARTMENTS 876

TOTAI, L4 ,97O 2 -1,4 ROOM OCCUPANCY AND PER ROOM PER DAY ANAIYSIS

Fiscal Year 2015 Clark Countsy - Las vegas Strip Area With Gaming Revenue of $1,000,000 to $72,000,000 Amounts RepresenU 24 Locations.

RATE OF ROOM OCCUPANCY

?OF AVAILABLE ROOMS OCCUPAI{CY ROOMS OCCUPIED (COMPUTED) .JULY . 465 ,634 403 ,208 85.4L2 AUGUST 469 ,700 385, 886 82.L6* SEPTEMBER 486,708 385 ,7 07 79.2st OCTOBER 498 ,582 42L,9t9 84 .623 NOVEMBER 476,667 369,735 77.57* DECEMBER 478 ,429 339,L20 70.88t ,JA}TUARY 508 ,920 37I ,6L0 74.39? FEBRUARY 46L,4t4 356 ,523 77 .272 lilARCH 5L6,2L7 44L,692 85 . s6t APRIL 53 L, 153 449 ,485 84.62* IVIAY . 490,268 434,239 88.57? .IUNE 467,21,8 398 ,47 0 8s.29*

TOTAL 851 910 764 594 81.422

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 3l_. 04 Per Room Per Day 29.29

Average Rooms Average SIot Revenue Department Payroll Per Room Per Day 75.52 Per Room Per Day 28.85

Average Food Sales Average Room Rate Per Room Per Day 46 .0L Per Day 88.09 PER SQUARE FOOT AITAIYSIS AND RATIOS 2-15 Fiscal Year 2015 Ctark County - Las Vegas Strip Area With Gaming Revenue of $L,000,000 to $72,000,000 Amounts Represent 24 Locations.

GAMING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAI,IING REVENI,E AREA OPERATING IN SOUARE FEET PER SQUARE FOOT

Pit (Incl-udes Bingo and Keno) 1_5 9,792 1, 007 Coin Operated Devices L6 32 ,834 585 Poker and Pan 6 L, l_03 264 Race and Sports L3 4,133 725

TOTAI CASINO 24 30 ,524 749

RATIOS PERCENT TOTAL CURRENT ASSETS TO TOTAL CI'RRENT LIABILITIES L2]-.2z

TOTAL CAPTTAL TO TOTAL LIABILITIES 36.22

TOTAL CAPITAL TO TOTAL CURRENT LIABILITIES 339.1t

TOTAL CT'RRENT LIABILITIES TO TOTAL LIABILITIES 10.7t

TOTAI COMPLIMENTARY EXPENSE TO GAIUING REVENUE 24.8t

MUSIC AND ENTERTAINMENT EXPENSES TO GAIVIING REVENUE 0 .6?

TOTAL REVENUE TO AVERAGE TOTAL ASSETS 39.7*

TOTAI REVENUE LESS COMP SALES TO AVERAGE TOTAI ASSETS 36.2*

RETI,'RN ON INVESTED CAPITAI* -2 .62

RETI'RN ON AVERAGE ASSETS* -2.22

* - FORMULAS Return on Invested Capital is egual to the totsal of net income (before federal income taxes and extraordinary items) and interest expense divided by the total of average total assets less average current liabilities. Return on Average AsseLs is egual to the tota] of net income (before federal income taxes and extraordinary items) and interest expense divided by the average total assets. 2-L6

THIS PAGE LEFT INTENTIONALLY BLANK COMBINED BALANCE SHEET 2-L7 Fiscal Year 2015 Clark County - Las Vegas Strip Area With Gaming Revenue of 572,000,000 and over

AmounUs Represent 23 Locations.

ASSETS CI,'RRENT ASSETS DOLLARS PERCENT Cash . . L,284,358,363 2.0* Receivables TOTAI A],LO?{AIICE Casino L,202,900,358 5L6 ,729 , L6t 686,L7L,]-97 L.0? Trade 393, 508, l_54 g ,95L,649 383, 556, 505 0 . 5? Sundry 8,992,049,331 690, 584 8,99L,358,74'7 L3.7* Notes 0 0 0 0.0? Prepaid Expenses 186, 838, 140 0 . 3? Other Current Assets L9,578,637 ,562 29.9? TOTAI CURRENT ASSETS 3!,LLa,020,5L4 47 .52

FIXED ASSETS COST DEPRECIATION Land 11,498,597,310 LL,498,597,3]-0 L7.6* Land Improvements L,205,693,227 505,530,917 699,L62,3L0 1.1? Buildings & Improvements 22,88L,198, 519 6,769,404,925 L5 , 1l-l-, 7 93 ,594 24 .5t Furniture & Equipment 7,806,544,593 4 ,927, 158, 070 2,879,486,523 4.4* Lease Improvements 6,304,387 3,40L,7"72 2,902,6L5 0.0t Constnrction in Progress 279,5j.0,L26 279,5L0,L26 0.4t TOTAI FIXED ASSETS 3L,47]-,452 ,478 48 . Lt

OTHER ASSETS 88s 8s1 869 4 .4*

TOTAL ASSETS 468 324 861 100.0t

LIABILITIES AI{D CAPITAL CURRENT LIABILITIES @-Trade 236,1L2,L29 o.4t Accounts Payable - Other L,534,496,531 2.32 Current Portion of Long-Term Debt 272 ,828 , 044 0 .42 Accrued Expenses 600 ,6L2 ,065 o . 98 Other current Liabilities 20,721,746,L24 31-.72 TOTAL CURRENT LIABILITTES 23,365,794,893 35.7t

LONG-TERM DEBT TOTAL OWING CI,RRENT PORTION Mortgages L,855,099,000 80,099,000 1,775,000,000 2.72 Debentures & Bonds 2 ,22L, LL7 , 4!5 24 , 045 ,1-98 2,7.97,072,217 3.4t Notes 2 ,462 ,643 ,487 18, 701, 300 2,443,942,]-87 3.7? Contracts 9 ,526 ,7 42 5 ,l8O ,2'7L 4 ,346 ,47]- 0 . 0t Other 6,04L,065,972 144,802,275 5,895,264,697 9.0t TOTAL LONG-TERM DEBT L2,589,453,6L6 272,828,044 L2 ,3A6 ,625 ,572 l-8 . 8t OTHER LIABILITIES 2L,794,494,738 33 . 3t TOTAI, LIABILITIES 57,476,9L5,203 87.8t

CAPITAI, Owners Capital Accounts . . -11,328,837 ,76L -L7 .32 Capital Stock & other Capital 2t,358,2L9,647 32 .5* Retained Earnings -2,037,972,228 -3.1t TOTAI CAPITAI 7 ,99L,409,558 L2.2?

TOTAL LTABTLITrES AI{D CAPTTAL. 65,468,324,86L 1-00.0?

Average Assets Upper Quartile Median Lower Quartile 2 ,846 ,448 ,907 3 ,062 ,599 , L99 1,495, 000, 453 838, 323, 317 2-L8 COMBINED INCOME STATEMENT - SUMIVIARY

Fiscal Year 2015 Clark CounEy - Las Vegas Strip Area With Gaming Revenue of $72,000,000 and over Amounts Represent 23 Locations.

REVENI'E DOLLARS PERCENT Gaming 5,293,838,707 34.72 Rooms 4,048, 595, 183 26.st Food. 2,436,L33,699 L5.0t Beverage 1,103 ,983 7 .2* Other . 2,37t,989,637'757 l-5.5? TOTAT REVENUE 45,254,540,983 r_00.0t cosT oF sALEs 994,287,828 6. 5?

GROSS IIIARGIN 1'4 ,260 ,253 , L55 93 . 58

DEPARTMENTAL EXPENSES 7 ,834,398,868 51-.4t

DEPARTMENTAI INCOME (LOSS) 425 854 287 42.1,?

GENERAL AI.ID ADMINISTRATIVE EXPENSES Advertising and Promotion L48 ,057 ,574 1. 0t Bad Debt Expense L,3L5 ,449 0 .0t Complimentary E)q)ense (not reported in departments) ...... 70,894,372 0. st Depreciation - Buildings 723 , L53 ,098 4.7t Depreciation and Amortization - Other 7 4t , 624 ,398 4 .9* Energ"y Expense (electricity, 9ds, etc.) 202 ,950 ,727 1.3? EquipmenE Rental or Lease l_L, 304 , 01_5 0.1t InteresU Expense L,78L ,753 , 620 L1-.7* Music and Entertainment 3L3 ,239 ,7 OL 2.1-* Payroll Taxes 60, 183, 683 0 .4t Payroll - Employee Benefits ... 248 ,9t8 ,703 t.5z Payroll - Officers ... 27 ,L78,996 0.22 Payroll - Other Employees 665 ,49L,2L9 4.42 Rent of Premises 54 ,552 ,962 o .42 Taxes - Real Estate t4t,265 ,098 0.9? Taxes and Licenses - Other 47 ,904,0t6 0.3? Utilities (Other than Energ"y uxpense) 67 ,774,LL9 0 .4t Other General and Administrative Expenses L,699 ,762 ,750 11. 1t TOTAL GENERAL AI{D ADMTNISTRATIVE EXPENSES 7 .007 .245.500 45 .9*

NET INCOME(LOSS) BEFORE FEDERAL INCOME TAXES AND EXTRAORDINARY ITEMS ... -58L, 39L,243 -3.8t

Average Revenue Upper Quartile Median Lower Quart.ile 663 ,240 , 912 1_,028 ,244 ,880 458 ,028 ,464 3]-4,969 ,935 COMBTNED INCOME STATEMENT - DETAIL 2 -1,9 Fiscal Year 2015 Clark County - Las Vegas StriP Area With Gaming Revenue of 572,000,000 and over Arnounts Represent 23 Locations.

CASINO DEPARTMENT

REVENUE DOLLARS PERCENT PiE Revenue (Includes Keno and Bingo) ... 2,507,533,055 47.4* Coin Operated Devices 2 ,595 , 409 , 609 49 .02 Poker and Pan 95 ,943 ,424 l-. 8? Race Book 22, L3O ,548 0 .4t Sports PooI 72 ,822 ,07r.. t.4z TOTAI REVENUE 293 . 838 .7 07 r-00.0t

DEPARTMENTAL EXPENSES Bad Debt Expense L28 ,469 ,398 2.4* Commissions LL,392 , LsL o.2* Complimentary Expense . L,429, 858, 260 27.02 Gaming Taxes and Licenses 391,462 ,970 7 .42 Preferred Guest Expenses (no complimentaries) ... L98 ,280 , 464 3.7* PayroII Taxes L03,877 ,927 2.03 Payroll - Employee Benefits ... L77 ,036 ,007 3.3t Payroll - officers ... 7-L,934 ,207 o.2z Payroll - Other Employees 672 ,321 ,71-L L2.7* Race Wire Fees 5,02L,674 0.1t Other DeparLmental Expenses 432,397 ,835 8.2* TOTAL DEPARTMENTAI EXPENSES 3 . s62 .052 .604 67 .3?

DEPARTMENTAL INCOME ( LOSS ) 73L 746 l_0 3 32.72

ROOMS DEPARTMENT

REVENUE DOLI,ARS PERCENT Room Sales ... 3 ,3O2 ,741 ,236 8r..5t Complimentary Rooms ... 745,853,947 18 .4? TOTAI REVENUE 4 . O4A. 595 . 183 100.0t

DEPARTMENTAI EXPENSES Bad Debt Expense 6 ,853 ,256 0.2* Complimentary Ercpense . L08, 525, 698 2.7t Payroll - Taxes 70,256,488 1-.7* Payroll - Employee Benefits ... 208 ,9L3 ,636 5.1? Payroll - officers ... 2 ,554 ,3!3 0.r-t Payro}l - Other Employees 670,684,865 L6 .5? Other Departmental Expenses 439 ,878 ,935 r.0 . 9t TOTAL DEPARTMENTAI EXPENSES so7.667.L9L 37.2?

DEPARTMENTAL INCOME (LOSS ) 540 927 992 62.82 2-20 COMBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 20L5 Clark County - Las vegas Strip Area With Gaming Revenue of $72,000,000 and over Amounts Represent 23 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... 2 ,064 ,37L,07L 84.7* Complimentary Food Sales 37L,7 62 , 628 1s.3t TOTAI REVENUE 2 .436 . t33 .699 100.0?

COST OF SALES 650,9L0,596 26.72

GROSS MARGIN L,785 ,223,!03 73.32

DEPARTMENTAL EXPENSES Bad Debt Expense 2 ,332 , L62 0.18 Complimentary Expense . L9,577 ,608 0.8t Payroll - Taxes LOL,2L9 ,153 4.2+ Payroll - Employee Benefits ... 25L, 965 ,220 r-0.3t Payroll - officers ... 6 ,502 ,209 0.3t Payro}l - Other Employees 796,645,988 32.7t Other Departmental Expenses ]-58 ,693 ,877 6.st TOTAL DEPARTMENTAL EXPENSES 336 ,936 ,2L7 54.9*

DEPARTMENTAL INCOME (LOSS) 448 286 886 18 .4t

BEVERAGE DEPARTMENT REVENUE DOLI.ARS PERCENT Beverage Sales 757,87]-,932 68 .5? Complimentary Beverage Sales ... 346,LLl ,825 31.4t TOTAL REVENI,,E LO3 .983 .757 l-00.0?

COST OF SALES 172, 088, 880 Ls .6?

GROSS MARGIN 93L,894,877 84.4*

DEPARTMENTAT EXPENSES Bad Debt Expense 528 ,640 0.0t ComplimenUary Expense 26 ,9]-6 ,989 2.4* Payroll - Taxes 25 ,538 ,022 2.3* Payroll - EmpLoyee Benefits ... 57,847,353 s.2* Payroll - Officers ... 218, 900 0.0t Payroll - Other Employees L69 ,721,0L5 L5 .4t Other Departmental Expenses 2]-6 ,955,949 L9.7* TOTAL DEPARTMENTAL EXPENSES 497 ,726,868 45.l_?

DEPARTMENTAL INCOME (LOSS ) 434 l-68 009 39.3t COMBINED INCOME STATEMENT - DETAIL (CONTINUED) 2-2L

Fiscal Year 201-5 Clark County - Las vegas Strip Area With Gaming Revenue of 172,000,000 and over Amounts Represent 23 Locations.

OTHER INCOME REVENUE DOLLARS PERCENT Other Operating and Non-operating Income 2,268,377,094 95.68 Other Complimentary Items ... L03 ,6L2 ,543 4.4* TOTAL REVENUE 2 ,371.989 .637 L00.0?

COST OF SALES t7L,288 ,352 7 .2*

GROSS IvIARGIN 2,200,70L,285 92.8*

DEPARTMENTAI EXPENSES Bad Debt Expense L2,4L4,046 0 .5t ComplimenEary Expense L9,LOo,324 0.8t Payroll - Taxes 34,gLL,224 1.5t Payroll - Employee Benefits ... 55,950,103 2.8* Payroll - Officers ... 2 ,897 ,293 0 . l-? Payroll - Other Employees 346,L36,587 14.6* Other Departmental Expenses 447 ,696,4L]- 18.9t TOTAL DEPARTMENTAL EXPENSES 930, 015, 988 39 .2+

DEPARTMENTAI INCOME (LOSS ) 270 685 297 s3.6t

AVERAGE NI]MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 19 ,756 ROOMS DEPARTMENT r..8,472 FOOD DEPARTIVIENT 22 ,046 BEVERAGE DEPARTMENT ... 5, 554 G&A DEPARTMENT... L2 , O1_4 OTHER DEPARTMENTS 7,639

TOTAL 85, 480 2-22 ROOM OCCUPANCY AI{D PER ROOM PER DAY AI{AIYSIS

Fiscal Year 2015 Clark County - Las vegas Strip Area With Gaming Revenue of $72,000,000 and over Amounts Represent 23 Locations.

RATE OF ROOM OCCUPATICY

toF AVAIT.ARLE ROOMS OCCUPA}ICY ROOMS OCCUPIED (COMPUTED) .I'LY . 2,275,556 2 , L56 ,560 94.77* AUGUST 2,270,600 2,!50,268 94.702 SEPTEMBER 2,226 ,693 2 ,053 ,464 92.222 OCTOBER 2 ,2gg , g]-g 2,149,979 93.89? NOVElIBER 2 ,2og , og7 L, gsL, 97g 88.36? DECEIVIBER 2,248 ,94L L,870,137 83 . 16? ,JA}IUARY 2 ,29]-,952 2,0L0 ,4gg 87 .72* FEBRUARY 2,067 ,076 1, gg3, 520 9]-.L2Z MAREH 2 ,293 ,347 2,]-48,50t 93.58t APRIL 2,22L,95L 2,]-09,723 94 .902 tvtAY . 2 ,299 ,557 2,Lgs,ggt 95.06t ,JUNE 2 .2]-5 ,511 2 . LL1 .472 95.57t

TOTAL 26 9r_0 099 24 787 082 92.LLZ

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 101. 15 Per Room Per Day 44.54

Average Rooms Average Sl-ot Revenue Department Payroll Per Room Per Day 104.71 Per Room Per Day 38 .42 Average Food Sales Average Room Rate Per Room Per Day 98.28 Per Day r_53.33 PER SQUARE FOOT AI{ALYSIS AI$D RAT]OS 2-23 Fiscal Year 201-5 Clark County - Las Vegas Strip Area With Gaming Revenue of i72,000,000 and over Amounts Represent 23 Locations.

GAI,IING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAIVIING REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Includes Bingo and Keno) 23 24 ,573 4 ,437 Coin Operated Devices 23 72,782 1, 550 Poker and Pan l_8 3,706 t,438 Race and Sports 20 5 ,929 8 01-

TOTAL CASINO 23 105, 411 2,L84

RATIOS PERCENT TOTAL CURRENT ASSETS TO TOTAL CURRENT LIABILITTES r-33 . 1t

TOTAL CAPITAL TO TOTAL LIABILITIES l-3 . 9t

TOTAL EAPITAI TO TOTAL CI'RRENT LIABILITIES 34.2*

TOTAL CI'RRENT LIABILITIES TO TOTAI LIABILITIES 40.7*

TOTAI COMPLIMENTARY EXPENSE TO GAI,IING REVENUE 31.6t

MUSIC AIiID ENTERTAINMENT EXPENSES TO GAMING REVENI'E 5.9?

TOTAL REVENi'E TO AVERAGE TOTAI ASSETS 24.1-?

TOTAI REVENUE LESS COMP SAIES TO AVERAGE TOTAL ASSETS 2t.72

RETURN ON fNVESTED CAPITAI,* 4.0t

RETURN ON AVERAGE ASSETS* 1_. 9t

* - FORMULAS Return on Invested Capital is equal to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the total of average total assets less average current liabilities. ReUurn on Average Assets is equal to the total of net income (before federal income taxes and extraordinary items) and interesu expense divided by the average total asseUs. 2-24

THIS PAGE LEFT INTENTIONAILY BLANK COYIBINED BALANCE SHEET 2-25 Fiscal Year 20L5 Clark County - Downtown Las Vegas Area With Gaming Revenue of $L,000,000 and over Amounts Represent 15 Locations.

ASSETS CURRENT ASSETS DOLI,ARS PERCENT Cash. 72,205,337 3.0? Receivables TOTAI ALLOWANCE Casino g ,21L,199 L,g70,442 5,34O,757 0.3t Trade LL,784 ,426 396 ,933 tL,387 ,493 0 .5t Sundry L2,OL3,L28 5 ,949 L2,007,L79 0.st Notes 575 ,655 0 675 ,655 0.0? Prepaid Expenses L6 ,699 ,892 o.7t Other Current Assets 34L,24L,240 L4.t* TOTAL CURRENT ASSETS 460.557.553 19. 0?

FIXED ASSETS DEPRECIATION Land 588,812,950 589, 812, 950 24.3t Land Improvements 6,930,755 2 ,993 ,464 3,937,301 0.22 Buildings & Improvements 96L,326 ,847 342,947,L85 5L8 ,379 ,562 2s .6t Furnitsure & EquipmenE 48L ,226 , 94O 384 ,7 98 , 652 96 ,428 ,288 4.0t Lease Improvements 35, 958, 498 LL,793,426 24 ,165 ,072 1. 0t Constnrction in Progress 3L,502 ,875 3L,502 ,8'75 l-.3? TOTAL FIXED ASSETS 363,226,148 s6.3t

ASSETS 595 697 585 24 .6*

ASSETS 2 ,4]-9 ,48L,387 l-00 . 0t

LIABILITIES AI{D CAPITAL CURRENT LIABILITIES Accounts Payable - Trade 2L,875 ,44'l 0 .9? Accounts Payable - Other 28 ,282 , 47 4 L.2Z Current Portion of Long-Term Debt 49,337,334 2.0? Accrued Expenses 52, 580, 550 2.62 Other Current Liabilities L08 ,182 ,606 4.sz TOTAIJ CI'RRENT LIABILITIES 270 .258 .4LL L]-.2Z

LONG-TERM DEBT TOTAI OWING CI,RRENT PORTION Mortgages 3,897-,9L7 23,881 3,969, 036 0.22 Debentures&Bonds 0 0 0 0.0t Notes 354,947 ,330 47 ,859,280 307, 088, 050 ]-2.7* Contracts 3l-8 , 315 3l-8 , 315 0 0.0t Other :..02,L79,46]- 1,1-35,858 101_,043,503 4.22 TOTAL LONG-TERM DEBT 46L,337,023 49,337,334 4)-L,999 , 689 r_7.0t OTHER LIABILITIES g ,542 , ggg 0 .4? TOTAI, LIABILITIES 691. 800 . 988 28 .6*

CAPITAL Owners Capital Accounts 1_ ,238 ,2L8 ,593 5L.22 Capital SLock c other Capital 87 ,092,308 3 .62 Retained Earnings 402 ,369 ,498 L6.6* TOTAL CAPITAL L.727.580.399 7L.42

TOTAL LIABILITIES A}ID EAPITAL 4L9 481 387 t-00.0?

Average Assets Upper Quartile Median Lower Quartile LsL,2t7,587 ]-52 ,5L8 ,346 32 , L09 ,877 L3 ,333 ,37 g 2-26 COMBINED INCOI,IE STATEMENT - SLIMIvIARY

Fiscal- Year 2015 Clark County - Downtown Las Vegas Area With Gaming Revenue of $1,000,000 and over Amounts Represent 16 Locations.

REVENUE DOLLARS PERCENT Gaming 528,727 ,367 50 .4? Rooms L94,706,]-t6 L8.6t Food . L55,357 ,238 14.8t Eat'ar-frauvwvtqYu 96,775,385 9.2t Other 73 ,8L2 , L02 7 .0* TOTAL REVENUE 049.378.208 r-00.0t

COST OF SAIES 84 ,902 ,774 8.1?

GROSS I4ARGIN 964 ,475 ,434 91. 93

DEPARTMENTAL EXPENSES 56L,042 ,172 s3 .5?

DEPARTMENTAL INCOME (LOSS) 403 433 262 38 .4t

GENERAL AND ADMINISTRATIVE EXPENSES Advertising and Promotion t4 ,253 ,447 1.43 Bad Debt E)q)ense '7 , go4 0 .0? Complimentary Expense (not reported in deparLments) ...... 28 , L33 ,57L 2.7* Depreciation - Buildings 2'7 , O57 ,597 2.6? Depreciation and Amortization - Other 33 ,71_1 ,422 3.2t Energy Expense (electricity, gas, etc.) 22 ,053 ,342 2.L+ Equipment Rental or Lease ]-59 ,487 0.0t Interest Expense 38 ,52L,445 3.7t Music and Entsertainment !,452 ,549 0.1t Payroll Taxes 6 ,954 ,336 0.7t Payroll - Employee Benefits ... 18 ,502 , L2O r_. 8* Payroll - Officers ... 5 ,469 ,398 0.st Payroll - Other Employees 73,772,882 7.O+ Rent of Premises LL,979,083 1. lt Taxes - Real Estate 3 , g2g ,6Lg 0.4t Taxes and Licenses - Other 3,L74,643 0.3t Util-ities (Other than Energy Expense) 7 ,459,065 0.72 Other General and Administrat,ive Expenses 38 ,855 ,677 3.72 TOTAL GENERAL AI{D ADMINISTRATIVE EXPENSES 335 ,446 ,557 32.02

NET INCOME(LOSS) BEFORE FEDERAL INCOME TAXES AND EXTRAORDINARY ITEMS . . . 57 986 705 6.s8

Average Revenue Upper Quartife Median Lower Quartile 65,586,138 74,924,607 49 , ]-52 ,750 l_6, 978, 355 COMBINED INCOME STATEMENT - DETAIL 2-27 Fiscal Year 2015 Clark County - Downtown Las vegas Area With Gaming Revenue of $1-,000,000 and over Amounts Represent 15 Locations.

CASINO DEPARTMENT

REVENUE DOLLARS PERCENT Pit Revenue (Includes Keno and Bingo) L27 ,849,072 24.22 Coin Operated Devices 377,772,223 7L.42 Poker and Pan 5,307,774 r_. 0t Race Book L3,226,LL5 2.s* Sports Pool 4,573,]-82 0.9t TOTAL REVENUE 528.727 .367 100.0t

DEPARTMENTAL EXPENSES Bad Debt Expense 234 ,536 0 .0t Commissions 1_3 ,369 , L75 2.st Complimentary $q)ense . 67,393,254 ]-2.7* Gaming Taxes and Licenses 42 ,408 ,635 8.0? Preferred Guesu Expenses (no complimentaries) 4 ,460 ,503 0.8t Payroll Taxes LO ,056 ,781 r-. 9t Payroll - Employee Benefits ... L5 ,580 , L22 2.9* Payroll - Officers ... 0 0.0* Payroll - Other Employees 73,507 ,L2O 13.9? Race Wire Fees 269 ,07L 0.1? Other Departmental Expenses 47,329,373 9.0? TOTAI DEPARTMENTAI EXPENSES 274.6L8.570 5r-. 9?

DEPARTMENTAL INCOME (LOSS ) 254 108 797 48.]-t

ROOMS DEPARTMENT

REVENUE DOLLARS PERCENT Room Sales ... 150, 955, 801_ 82.7t Complimentary Rooms ... 33 ,7 49 , 3L5 r-7.3t TOTAL REVENUE 1,94 .7 06 . Lt6 l-00.0t

DEPARTMENTAL EXPENSES Bad Debt Expense 463,]-]-6 0.2* Complimentary Expense 2,795,545 t.4z Payroll - Taxes 5 ,5L3 ,522 2.8t Payroll - Employee Benefits ... L7,937,767 9.22 Payroll - Officers ... 0 0.0? Payroll - Other Employees 54 , 633 ,27 6 28.L? Other Departmental Expenses 27 ,946 ,426 L4.42 TOTAL DEPARTMENTAI EXPENSES 109.289.752 56.1?

DEPARTMENTAL INCOME ( LOSS ) 85 4L6 364 43 .92 2-28 COMBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 Clark County - Downtown Las Vegas Area With Gaming Revenue of $L,000,000 and over Amounts Represent l-6 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... 130 ,7 82 , 422 84.22 Complimentary Food Sales 24 ,57 4 ,81-6 1s.8? TOTAL REVENT'E l_55.357.238 r00.0t

COST OF SATES 55 ,645 ,2L0 35 . 8t

GROSS MARGIN 99 ,7L2,028 64 .2*

DEPARTMENTAL EXPENSES Bad Debt Expense 427 0.0t Complimentary Expense I ,229 ,099 0 .8? Payroll - Taxes 7,326,020 4.7* Payroll - Employee Benefits ... 23 ,952 ,600 L5.42 Payroll - Officers ... 0 0.0? Payroll - Otsher Employees 65, 037, 500 4L.9t Other Departmental Expenses L0 ,672 ,586 6 .9t TOTAI DEPARTMENTAL EXPENSES LOg.2L7 .232 69.72

DEPARTMENTAL INCOME (LOSS ) -8 505 204 -5.5?

BEVERAGE DEPARTMENT REVENUE DOLLARS PERCENT Beverage Sales 6L,556 ,9L9 63.5t Complimentary Beverage Sales ... 35 ,2L8 ,466 36.4? TOTAL REVENUE 96,775,385 L00.0t

COST OF SALES 23,689,2]-8 24.5t

GROSS I,IARGIN 73,086,]-67 75.52

DEPARTMENTAL EXPENSES Bad Debt Expense 0.0? Complimentsary Expense 212 ,350 0.2? Payroll - Taxes 2,997 ,935 3.0? Payroll - Employee Benefits ... g,og7 ,7gg 9 .4t Payroll - Officers ... L33,752 0.1? Payroll - Other Employees 2L,279,492 22.0? Other Departmental Expenses 6, 530, 568 6.7% TOTAL DEPARTMENTAI EXPENSES 40,1s1,89s 4L.5*

DEPARTMENTAL INCOME ( LOSS ) 32 934 272 34.0? COMBINED INCOME STATEMENT - DETAIL (CONTINUED) 2-29

Fiscal Year 2015 Clark CounLy - Downtown Las Vegas Area with Gaming Revenue of $1,000,000 and over Amounts Represent 16 Locations.

OTHER INCOME REVENUE DOLLARS PERCENT other Operating and Non-operating Income 70 ,252 ,6a1 95 .2* Other Complimentary Items ... 3,559,49]- 4.8* TOTAI REVENI'E 73 ,8L2,L02 100 . 0?

COST OF SAIES 5, 568, 346 7 .5*

GROSS IIARGIN 68,243,756 92.5*

DEPARTMENTAL EXPENSES Bad Debt Elq)ense I ,662 0 .0? Complimentary Elq)ense . 847,203 1. 1? Payroll - Taxes t ,290 ,425 L.7Z Payroll - Employee Benefits ... 1, 986, 002 2 .62 Payroll - officers ... 0 0.0E Payroll - Otsher Employees L2 ,586 , 97 6 L7 .LZ Other Departmental Expenses L2 ,145 ,455 15.5? TOTAL DEPARTMENTAI EXPENSES 28.764.723 39.0t

DEPARTMENTAL INCOME (LOSS) 39 479 033 53.st

AVERAGE NI]MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 3, 099 ROOMS DEPARTMENT ... 1,79L FOOD DEPARTMENT 2,t99 BEVERAGE DEPARTMENT ... 857 G&A DEPARTMENT... 1, 858 OTHER DEPARTMENTS 426

TOTAL L0,230 2-30 ROOM OCCUPANCY A}ID PER ROOM PER DAY A}IALYSIS

Fisca1 Year 2015 C1ark County - Downtown Las Vegas Area With Gaming Revenue of $L,000,000 and over Amounts Represent 16 Locations.

RATE OF ROOM OCCUPAI.ICY

toF AVAILABLE ROOMS OCCUPAI{CY MONTH ROOMS OCCUPIED (COMPTITED) ,JULY . 300, 480 26L,968 87. r-8t AUGUST 30L, 555 254 ,9L2 84.53? SEPTEMBER 288 ,400 248 ,650 86.22* OCTOBER 300,940 266 ,009 88.39t NOVEMBER 284 ,402 240 ,853 84 .69* DECEMBER 278 ,432 222 ,482 79.9L* .]AI{UARY 297,093 251,076 84 .51-t FEBRUARY 265,737 23L,967 87 .29* MARCH 302, 068 27L,980 90.048 APRIL 289, 888 26L ,386 90.L7? MAY . 302,506 280,L63 92 -6L* .]IiNE 284.772 260 ,6Lt 90.2s2

TOTAL s00 274 052 057 87 .L9t

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 41. 89 Per Room Per Day 31. 71

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day L23.78 Per Room Per Day 25.58

Average Food Sales Average Room RaUe Per Room Per Day 50.90 Per Day 53.80 PER SQUARE FOOT A}IALYSIS AND RATIOS 2-3]. Fiscal Year 2015 CLark County - Downtown Las Vegas Area With Gaming Revenue of $L,000,000 and over Amounts Represent 16 Locations.

GAI,IING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAI,IING REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Inc1udes Bingo and Keno) 13 6,t44 1,601_ Coin Operated Devices l_5 28 ,41-7 886 Poker and Pan 4 2,078 639 Race and Sports 6 L,7L9 1,725

TOTAL CASINO 15 32,796 1,008

RATIOS PERCENT TOTAI CI'RRENT ASSETS TO TOTAI CIJRRENT LIABILITIES L70.4?

TOTAI CAPITAI TO TOTAL LIABILITIES 249.7*

TOTAL CAPITAL TO TOTAL CI]RRENT LIABILITIES 639.3t

TOTAL CI'RRENT LIABILITIES TO TOTAL LIABILITIES 39.1t

TOTAT COMPLIMENTARY EXPENSE TO GA}4ING REVENUE 19. 0t

MUSIC AIVD ENTERTAINMENT EXPENSES TO GAI,IING REVENUE 0.3t

TOTAL REVENUE TO AVERAGE TOTAI, ASSETS 43.72

TOTAL REVENUE LESS COMP SALES TO AVERAGE TOTAL ASSETS 39.6*

RETI]RN ON INVESTED CAPITAL* 5.4t

RETI'RN ON AVERAGE ASSETS* 4.42

FORMULAS Return on Invested Capital is equal to the total of net income (before federal income taxes and exEraordinary items) and interest expense divided by the total of average total assets less average current liabilities. Return on Average Assets is egual to the total of net income (before federal income taxes and extraordinary it.ems) and interest expense divided by the average total assets. 2-32

THIS PAGE LEFT INTENTIONALLY BLANK COI{BINED BAI,ANCE SHEET 2-33 Fiscal Year 2015 Clark County - Downtown Las Vegas Area with Gaming Revenue of $1,000,000 to $12, 000, 000

AmounEs Represent 4 Locations.

ASSETS CI'RRENT ASSETS DOLLARS PERCENT Cash . 3,546,443 L2.92 Receivables TOTAL ALLOWA}ICE Casino 24,026 645 23,38]- 0.1? Trade 0 0 0 0.0t Sundry 2,067 ,930 0 2,067 ,930 7 .st Notes 0 0 0 0.0t Prepaid Expenses 8L6,7LL 3.0t other Current Assets L81,757 0.7* TOTAL CURRENT ASSETS 636 ,222 24.Lt

FIXED ASSETS cosr DEPRECIATION Land 0 0 0.0t Land Improvements 0 0 0 0.0t Buildings & Improvements L,3]-4,942 1_08, 485 I ,206 , 456 4.4t Furniture & Equipment 7,241",363 4,597 ,095 2 , 644 ,268 9 .63 Lease fmprovements 0 0 0 0 .0? construction in Progress L78 ,84L 1,78 ,841 0 .6? TOTAL FIXED ASSETS 029 , s6s L4.6*

OTHER ASSETS L5 849 468 6L.2*

TOTAL ASSETS 27 5L5 255 100 - 0*

LIABILITIES AI{D CAPITAL CURRENT LIABTLITTES Accounts Payable - Trade 455 ,549 L.7t Accounts Payable - Other ]-30,74L 0 .5? Current Portion of Long-Term Debt 23,881- 0.1? Accrued Expenses 268 ,065 1.0t Other Current Liabilities 4 , t1L, 649 ts.2* TOTAL CIJRRENT LIABILTTIES 5. 049.885 18 .4*

LONG-TERM DEBT TOTAI OWING CURRENT PORTION Mortgages 3 ,89L,9t7 23 , 881 3, g5g, 035 14.1t Debentures&Bonds 0 0 0 0.0? Notes 0 0 0 0.0? Contracts 0 0 0 0.0? Other 76,353 0 76 ,353 0.3? TOTAL LONG-TERM DEBT 3,958,270 23,881- 3 ,944 ,389 L4.32 OTHER LIABILITIES 7 ,922 ,952 28.8t TOTAL LIABII,ITIES L6 .9L7 .226 6L.5?

CAPITAI Owners Capital Accounts -L'7 ,250,833 -62.72 capital Stock & otsher capital L8,L66,228 55 .0? Retained Earnings 9 ,682 ,634 35.22 TOTAI CAPITAL t0 ,598 ,029 38. st

TOTAI LIABILITIES AND CAPITAL 27 515 255 t_00.0?

Average Assets Upper Quartile Median Lower Quartile 6,g7g,gL4 5, 878, 8l_3 2-34 COMBINED INCOME STATEMENT - SUMMARY

Fiscal Year 2015 Clark County - Downtown Las Vegas Area With Gaming Revenue of $1,000,000 to $l-2, 000, 000 Arnounts Represent 4 Locations.

REVENUE DOLLARS PERCENT Gaming 23 ,940 ,356 79.9* Rooms 0 0.0t Food . !,027,704 3.4* uvDauav-^6 v er 4Yv 4 ,464 ,069 14.9t Other 547 ,467 1. 8? TOTAL REVENUE 29 .979 .596 100.0?

COST OF SALES L,634,076 s-s*

GROSS MARGIN 28,345,520 94.5*

DEPARTMENTAL EXPENSES ]-2,539,205 41.88

DEPARTMENTAL INCOME (LOSS) 15 806 3 l_5 52.7*

GENERAL AI{D ADMINISTRATIVE EXPENSES Advertising and Promotion 208,353 o.7* Bad Debt Expense 230 0.0t Complimentary Expense (not reported in departments) ...... 56l_ 0.0? Depreciation - Buildings 290 ,776 1. 0? Depreciation and Amortization - Other ]-84 ,770 0.6t Energy Expense (electsricity, 9as, etc.) 705,524 2.4t Equipment Renta} or Lease 9,L66 0 .08 Interest Expense 1"30 ,97L 0.4? Music and Entertainment 0 0.0? Payroll Taxes L55 ,572 0 .5? PayroII - Employee Benefits ... 245 ,350 0.88 Payro}l - Officers ... 150, 000 0 .5? Payroll - Other Employees t,202 ,337 4.0t Rent of Premises 954,585 3.22 Taxes - ReaI Estate 34 ,486 0 .1? Taxes and Licenses - Other 3L5, 061 t-. r_t Utilities (Other than Energy Expense) ]-90 ,244 0.6? Other General and Administrative Expenses -L4 ,3]-l.,962 -47 .7t TOTAI GENERAL AND ADMINISTRATIVE EXPENSES -9 .532 .775 -31.8t

NET INCOME(LOSS) BEFORE FEDERAL INCOME TN(ES AIVD EXTRAORDINARY ITEMS . . . 25339 090 84 .5t

Average Revenue Upper Ouartile Median Lower Quartile 7 ,494,899 7 ,494,899 COIVIBINED INCOME STATEMENT - DETAIL 2-35 Fi-scal Year 2015 C1ark County - Downtown Las Vegas Area With Gaming Revenue of $L,000,000 to $12, 000, 000 Amounts Represents 4 Locations.

CASINO DEPARTMENT

REVENUE DOLLARS PERCENT Pit Revenue (Includes Keno and Bingo) ... 2 ,626 ,584 11. 0t Coin Operated Devices 9 ,349 ,265 39.r.t Poker and Pan 0 0.0? Race Book LL,9L5 ,873 49.8t Sports PooI 4g ,634 0.2* TOTAT REVENT'E 23 ,940 ,356 100 . 0*

DEPARTYIENTAI EXPENSES Bad Debt Expense -r-85 0.0? Commissions 99'7 ,458 4 .22 Complimentary Expense l-,159,135 4.82 Gaming Taxes and Licenses 2 , 654 ,278 l-1 . 1t Preferred GuesL Expenses (no complimentaries) ... 0 0.0* Payroll Taxes 424 ,694 1. 8? Payroll - Employee Benefits ... 34L, L97 L.4? Payroll - Officers ... 0 0 .0t Payroll - Other Employees 2,939,076 r_1.9t Race Wire Fees 363 0.0t Other Departmental Expenses t,754,492 7.3* TOTAL DEPARTMENTAL EXPENSES L0,t69,498 42.s3

DEPARTMENTAL INCOME (LOSS) 13 770 858 57 .5*

ROOMS DEPARTMENT

REVENUE DOLLARS PERCENT Room Sales ... 0 0 .0t Complimentary Rooms ... 0 0. 0? TOTAI REVENUE 0 100.0t

DEPARTMENTAL EXPENSES Bad Debt Expense l_8, 511 0.0t Complimentary Expense 0 0.0? Payroll - Taxes 0 0.0t Payroll - Employee Benefits ... 0 0.08 Payroll - Officers ... 0 0.0t Payroll - Other Employees 0 0.0? OEher DepartmenLal Expenses 18, 517 0.0t TOTAL DEPARTMENTAL EXPENSES 37 ,028 0.0t

DEPARTI'IENTAI INCOME ( LOSS ) -37,028 0.0t 2-36 COMBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 C1ark County - Downtown Las Vegas Area With Gaming Revenue of $1,000,000 to $l-2, 000, 000 Amounts Represent 4 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... L,024 ,579 99.7+ Complimentary Food Sales 3,L25 0.3? TOTAL REVENI]E L.027.704 1-00 . 0?

COST OF SALES 600,270 58.4?

GROSS I,IARGIN 427,434 4L.62

DEPARTMENTAL EXPENSES Bad Debt Expense 0 0 .0? Complimentary Expense . 0 0.0t Payroll - Taxes 2L ,71_6 2.Lt Payroll - Employee Benefits ... L4,587 r..4t Payroll - officers ... 0 0.0t Payroll - other Employees 187, 388 ]-8.2* Other Departmental Expenses 66 ,453 6.st TOTAI DEPARTMENTAL EXPENSES 290 . L44 28.2?

DEPARTMENTAL INCOME (LOSS ) ]-37 290 13 .4t

BEVERAGE DEPARTMENT REVENIIE DOLLARS PERCENT Beverage Sal-es 3 ,3oL ,297 74.0* Complimentary Beverage Sales ... L, L62 ,792 26 .0? TOTAL REVENUE 4 ,464 ,069 100 . 0t

COST OF SALES 1,033,806 23.22

GROSS MARGTN 3,430,263 76.8*

DEPARTI,IENTAT EXPENSES Bad Debt Expense 0 0.0? Complimentary Expense 5, 515 0.1t Payroll - Taxes L80 ,744 4 .0t Payroll - Employee Benefits ... 313, 058 '7 .0t Payroll - Officers ... 0 0.0? PayroII - Other Employees I ,299 ,3t6 28.9* Other Departmental Expenses 226 ,7 69 s.r-t TOTAL DEPARTMENTAL EXPENSES 2, 016 ,402 45 -2*

DEPARTMENTAL INCOME (LOSS ) 413 86 r. 3]-.7* CO}IBINED INCOME STATEMENT - DETAIL (CONTINUED) 2-37

Fiscal Year 2015 Clark County - Downtown Las Vegas Area With Gaming Revenue of $1,000,000 to $12,000,000 Amounts Represent 4 Locations.

OTHER INCOME REVENUE DOLLARS PERCENT Other Operating and Non-operating Income 547 ,467 L00.0? Other Complimentary Items ... 0 0.0? TOTAL REVENI'E 547 467 r-00.0t

COST OF SAIES 0.0?

GROSS I4ARGIN 547 ,467 t-00 . 0t

DEPARTMENTAI EXPENSES Bad Debt Expense 0 0.0t Complimentary Eq)ense 0 0.0t Payroll - Taxes 0 0.0t Payroll - Employee Benefits ... 0 0.0t Payroll - officers ... 0 0.0t Payroll - Other Employees 0 0.0? Other Departmental Expenses 26,L33 4 .8t TOTAI DEPARTMENTAL EXPENSES 26 . L33 4.8t

DEPARTMENTAL INCOME ( LOSS ) 52L 334 95.2+

AVERAGE NUMBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 94 ROOMS DEPARTMENT ... 0 FOOD DEPARTMENT L4 BEVERAGE DEPARTMENT ... 44 G & A DEPARTMENT ... t4 OTHER DEPARTMENTS 0

TOTAT 166 2-38 ROOM OCCUPANCY AIVD PER ROOM PER DAY AI{ALYSIS

Fiscal Year 2015 C1ark County - Downtown Las vegas Area with Gaming Revenue of $1,000,000 to $l-2,000,000 Amounts Represent 4 Locations.

RATE OF ROOM OCCUPAIVCY

toF AVAII,ABLE ROOMS OCCUPATICY MONTH ROOMS OCCUPIED (COMPUTED) ,IULY . 0 0 0.00? AUGUST 0 0 0 .00? SEPTEMBER 0 0 0.00? OCTOBER 0 0 0.00? NOVEMBER 0 0 0.00? DECEIVIBER 0 0 0.00t ,JAIVUARY 0 0 0.00t FEBRUARY 0 0 0.00E l,lARCH 0 0 0.00? APRIL 0 0 0.00t MAY . 0 0 0.00t .JIJNE 0 0 0.008

TOTAL 0.00t

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day .00 Per Room Per Day .00

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day .00 Per Room Per Day .00 Average Food Sales Average Room Rate Per Room Per Day .00 Per Day .00 PER SQUARE FOOT ANALYSTS AIiID RATIOS 2-39 Fiscal Year 2015 Clark County - Downtown Las vegas Area With Gaming Revenue of $1,000,000 to $12,000,000 Arnounts RepresenU 4 Locations.

GAMING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GA}"IING REVENT,,E AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Includes Bingo and Keno) 1_ 2,620 1,003 Coin operatsed Devices 3 9,232 338 Poker and Pan 0 0 0 Race and Sports 1 25 78,580

TOTAI CASINO 4 7,585 789

RATIOS PERCENT TOTAL CT'RRENT ASSETS TO TOTAL CI'RRENT LIABILITIES 131.4E

TOTAL CAPITAI TO TOTAL LIABILITIES 62 .6*

TOTAL CAPTTAL TO TOTAL CURRENT LIABILITIES 209.92

TOTAL CI'RRENT LIABILITIES TO TOTAI LIABILITIES 29 .9*

TOTAL COMPLIMENTARY EXPENSE TO GAIVIING REVENUE 4 .9*

MUSIC AND ENTERTAINMENT EXPENSES TO GAI\,IING REVENUE 0.0t

TOTAL REVENUE TO AVERAGE TOTAL ASSETS L32 .0t

TOTAL REVENUE LESS COMP SAIES TO AVERAGE TOTAI ASSETS L26.9?

RETURN ON INVESTED CAPITAL* 170.0?

RETI]RN ON AVERAGE ASSETS* LL2.2t

* - FORMULAS Return on Invested Capital is egual to the total of net income (before federal income uaxes and extraordinary items) and interest elq)ense divided by the total of average total assets less average current liabilities. Return on Average Assets is equal Eo the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the average total assets. 2-40

THIS PAGE LEFT INTENTIONALLY BLANK COI4BINED BALAAICE SHEET 2-4L Fiscal Year 2015 Clark County - Downtown Las Vegas Area With Gaming Revenue of $1-2,000,000 and over Amounts RepresenL 12 Locations.

ASSETS CI]RRENT ASSETS DOLLARS PERCENT Cash . 68 ,658,894 2.9* Receivables TOTAL ALLOWANCE Casino 8,L87 ,L73 L,869,797 6 ,3L'7 , 37 6 0.3t Trade tL,784 ,426 396 ,933 LL,387 ,493 0.5? Sundry 9,945,L98 5 ,949 9 , 939 ,249 0 .4? Notes 675,655 0 675 ,655 0.0t Prepaid Expenses 15, 883, 181 0.72 OEher CurrenL Assets 341,059,483 14.3? TOTAI CURRENT ASSETS 4s3 .92L.331 19.0t

FIXED ASSETS COST DEPRECIATION Land 588, 8L2, 950 588, 812, 950 24.6t Land Improvements 6,930,755 2 , gg3 ,464 3,937 ,301 0.2+ Buildings & Improvements 950,011,905 342 ,838 , 699 6]-7 ,173,205 25.8* Furniture c Eguipment. 473 ,985,577 380 ,20L ,557 93 ,7 84 , 020 3.9t Lease Improvements 35, 958,498 LL ,7 93 , 426 24 , L65 ,072 1. 0t Construction in Progress 31,324 ,034 3L,324 ,034 1.3? TOTAI FIXED ASSETS 3s9. 196. 583 55. 8t

OTHER ASSETS 578 848 2L8 24.2*

TOTAL ASSETS 391 L32 100.0? LIABILITIES AI{D CAPITAI CTIRRENT LIABILITIES Accounts Payable - Trade 2L,4L9,898 0.9? Accounts Payable - Other 28 ,Lsa,733 1.2* Current Portion of Long-Term Debt 49,3L3,453 2.L* Accrued Expenses 62 ,3L2 ,485 2.63 Other Current Liabilities l-04, 0L0, 957 4.3t TOTA], CURRENT LIABILITIES 265 .208 .526 L1. 1t

LONG-TERM DEBT TOTAL OWING CI,RRENT PORTION Mortgages 0 0 0 0.0? Debentures&Bonds 0 0 0 0.0t Notes 354 ,947 ,330 47 ,859 ,280 307, 088, 050 12 .82 ContracUs 3l-8 , 315 3l-8 , 315 0 0.0? Other 102,103, 108 l-,135,858 L00,967 ,250 4.2t TOTAL LONG-TERM DEBT 457,368,753 49,3t3,453 408, 055, 300 17.1t OTHER LIABILITIES L,6L9,936 o.l-t TOTAL LIABILIT]ES 674,883,762 28.2t

CAPITAL Owners Capital Accounts L,255 , 469 , 426 52 .52 capital Stock & other capital 68,926,080 2.9* Retained Earnings 392 ,686 ,864 t6 .42 TOTAL CAPITAJ, L,7L7,O82,370 71.88

TOTAL LIABILITIES AND CAPITAL 3 91_ 966 L32 100 - 08

Average Assets Upper Quartile Median Lower Quartile 199,330,51-1 263,585,370 58,076,392 23 , 043 ,463 2-42 COMBINED INCOME STATEMENT - SUMMARY

Fiscal Year 2015 Clark County - Downtown Las Vegas Area With Gaming Revenue of $l-2,000,000 and over

ArnounUs Represent 12 Locations.

REVENUE DOLLARS PERCENT Gaming 504,787,OLI 49.52 Rooms 7-94,706,1]-6 19. r-? Food . L54 ,329 ,534 15. 1? Beverage 92 ,3LL,3L6 9. 1? Other 73 ,264 , 635 7 .23 TOTAI REVENUE 0t9 .398 .6L2 100 . 0t

COST OF SALES 83 ,268 , 698 8.23

GROSS MARGIN 936,L29,9]-4 91.8?

DEPARTMENTAL EXPENSES 548,502,967 53.8?

DEPARTMENTAT INCOME (LOSS) 387 626 ,947 38.0t

GENERAL A}ID ADMINISTRATIVE EXPENSES Advertising and Promotion L4 ,045 ,094 1- .42 Bad Debt Expense 7 ,674 0 .0? Complimentary Expense (not reported in departments) ...... 28, 133, 0l_0 2.82 Depreciation - Buildings 26 ,756 ,82L 2.62 Depreciation and Amortization - other 33 ,526 , 652 3.3t Energy Expense (electricity, gds, etc.) 2L ,346 ,7 88 2.1-Z Eguipment Rental or Lease L50 ,321 0.0? Interest Expense 38 ,390 , 47 4 3 .8t Music and Entertainment L,452 ,549 0 .1? Payroll Taxes 5 ,798 ,664 0.7* Payroll - Employee Benefits ... L8,256,770 r_.8t Payroll - Officers ... 5, 319, 398 0. st Payroll - Other Employees 72,570,545 7 .L* Rent of Premises It,024 ,397 1. 1? Taxes - Real Estate 3, gg5, 133 0 .4? Taxes and Licenses - Other 2 , g5g ,592 0.3? Utilities (other than Energy Expense) 7,267,82L 0.7* Other General and Administrative Expenses 53,L57 ,639 5.2* TOTAL GENERAL AI{D ADMINISTRATIVE EXPENSES 344 ,979 ,332 33.8t

NET INCOME(LOSS) BEFORE FEDERAL INCOME TAIGS AI.ID EXTRAORDINARY ITEMS . . . 42 647 5 1_5 4.2*

Averaqe Revenue Upper Quartile Median Lower Quartile 84 ,949 ,884 83,450,544 65 ,245 , 903 43 ,364 ,920 COMBINED INCOME STATEMENT - DETAIL 2-43 Fiscal Year 201-5 Clark County - Downtown Las Vegas Area With Gaming Revenue of $12,000,000 and over Amounts Represent l-2 Locations.

CASINO DEPARTMENT

REVENUE DOLI,ARS PERCENT --EIE Relrenue (rnclud.es Keno and Bingo) t25,22L,488 24.8t Coin Operated Devices 368 ,422,958 73 .07 Poker and Pan 5,307,774 1.1-? Race Book t,3L0,243 0.3? SporEs PooI 4 ,524 ,548 0.9? TOTAL REVENI'E 504,787 ,0]-1, 100.0t

DEPARTMENTAI EXPENSES Bad DebL Expense 234,722 0.0? Commissions L2,37!,7L7 2.5* Complimentary Expense . 66,234,t]-g L3.18 Gaming Taxes and Licenses 39,754,357 7.92 Preferred Guest Expenses (no complimentaries) ... 4,450,503 0.9t Payroll Taxes 9 ,642 ,087 l-. 9t Payroll - Employee Benefits ... 75,238,925 3.0? Payroll - Offj-cers ... 0 0.0t Payroll - Other Employees 70,669,044 14.0t Race Wire Fees 268,708 0.1t Other Departmental E>cpenses 45,5'.74,89]- 9.0t TOTAL DEPARTMENTAL EXPENSES 264 ,449 ,072 52 .42

DEPARTMENTAL INCOME (LOSS ) 240 337 939 47.62

ROOMS DEPARTMENT

REVENUE DOLLARS PERCENT Room Sales ... 150, 956, 801 82.7? Complimentary Rooms . . . 33 ,749 ,3L5 L7.3? TOTAL REVENUE L94,706,]-L6 100.0?

DEPARTMENTAI EXPENSES Bad Debt Expense 444 ,605 o.2* Complimentary Expense . 2 ,7 95 ,545 1.4t Payroll - Taxes 5 ,543 ,622 2.8t Payroll - Employee Benefits ... 1_7,937,767 9 .2* Payroll - officers ... 0 0.0? Payroll - Other Employees 54 , 633 ,27 6 28.L3 Other Departsmental Expenses 27 ,927 ,909 L4.3* TOTAL DEPARTI,IENTAI EXPENSES L09 ,2s2 ,724 s6.1t

DEPARTMENTAI INCOME (LOSS) 85 453 392 43.9* 2-44 COMBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 Clark County - Downtown Las Vegas Area With Gaming Revenue of $L2,000,000 and over Amounts Represent 12 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... L29,757 ,843 84 . r-t Complimentary Food Sales 24 ,57]-,697 15. 9t TOTAL REVENUE L54 .329 .534 100.0t

COST OF SALES 55 ,044,940 35 .7*

GROSS T{ARGIN 99 ,284 ,594 64.32

DEPARTMENTAI EXPENSES Bad Debt Expense 427 0.0t Complimentary $q)ense . L,228,099 0.8? Payroll - Taxes 7,304,3O4 4.7* Payroll - Employee Benefits ... 23, 938, 0L3 15. 5? Payroll - Officers ... 0 0.0? Payroll - Other Employees 64 ,850 ,1]-2 42.02 Other Departmental Expenses 10, 506, 133 6 .9* TOTAL DEPARTMENTAL EXPENSES L07.927.088 69.9*

DEPARTMENTAL INCOME (LOSS ) -8 ,642 ,494 -5. 6?

BEVERAGE DEPARTMENT REVENUE DOLLARS PERCENT Beverage Sales 58 ,255 , 632 53 . r.t Complimentary Beverage Sales ... 34,055 ,684 36.9t TOTAL REVENUE 92 ,3LL,3L6 100.0t

COST OF SALES 22,655,4L2 24.52

GROSS MARGIN 69 ,655 ,904 75. 5t

DEPARTMENTAL EXPENSES Bad DebE Expense 0.0? Complimentary Expense . 205 ,845 0.2* Payroll - Taxes 2 ,7L7 , Lgl 2.92 Payroll - Employee Benefits ... g ,794 ,730 9.5? Payroll - Officers ... L33,752 0.]-t Payroll - Otsher Employees L9,990,176 21.7* OLher Departmental Expenses 6,303,799 6.8t TOTAL DEPARTMENTAL EXPENSES 38, t_35,493 41-.3t

DEPARTMENTAT INCOME (LOSS ) 3L 520 4Lt 34 . l-? COIVIBINED INCOI4E STATEMENT - DETAIL (CONTINUED) 2-45

Fiscal Year 2015 C1ark County - Downtown Las Vegas Area With Gaming Revenue of $1-2,000,000 and over Amounts Represent 12 Locations.

OTHER INCOME REVENUE DOIJIIARS PERCENT other Operating and Non-operating Income 69 ,705 , L44 9s.lt Other Complimentary Items ... 3 , s59 ,49]- 4 .9* TOTAL REVENUE 73 .264 . 635 100.0t

COST OF SALES 5 ,569 ,346 7 .62

GROSS MARGIN 67 ,596,289 92 .42

DEPARTMENTAL EXPENSES Bad Debt Expense 8 ,662 0.0? Complimentary Expense 847,203 t.2z Payroll - Taxes L,290 ,425 1.8t Payroll - Employee Benefits ... 1, gg6, oo2 2 .6* Payroll - Officers ... 0 0.0? Payro}l - Other Employees L2 ,586 , 97 6 t7 .2* OEher Departmental Elq)enses L2 ,11,9 ,322 l-6. 5? TOTAL DEPARTMENTAL EXPENSES 28,734,590 39.2*

DEPARTMENTAL INCOME ( LOSS ) 38 957 699 53.22

A\rERAGE NI]MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 3,005 ROOMS DEPARTMENT ... L,79L FOOD DEPARTMENT 2,L85 BEVERAGE DEPARTMENT ... I l_3 G & A DEPARTMENT ... 1_ ,844 OTHER DEPARTMENTS 426

TOTA], 10, 064 2-46 ROOM OCCUPANCY AI$D PER ROOM PER DAY AI{A],YSIS

Fiscal Year 2015 Clark County - Downtown Las Vegas Area With Gaming Revenue of $12,000,000 and over Amounts RepresenE l-2 Locations.

RATE OF ROOM OCCUPANCY

toF AVAII,ABLE ROOMS OCCUPANCY MONTH ROOMS OCCUPIED (COMPUTED) .]ULY . 300,480 26L,968 87. 18t AUGUST 30L, 556 254 ,9]-2 84 - s38 SEPTEMBER 288 ,400 248 ,650 86.22+ OCTOBER 300,940 266 ,009 88.39? NOVEMBER 284 ,402 240 ,853 84 .69? DECEMBER 278 ,432 222,482 7 9 .91? ,JANUARY 297 ,093 25L,075 84.51? FEBRUARY 265,737 23L,967 87 .292 }4ARCH 302,068 271,980 90.04? APRIL 289, 888 261-,386 90.L1t MAY . 302, 505 280, 163 92.5]-t .,I'NE 288,772 260 .6LL 90.25*

TOTAI 500,274 0s2 057 87 . 19?

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 4L.03 Per Room Per Day 30.25

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day L20.7L Per Room Per Day 25.58 Average Food Sal-es Average Room Rate Per Room Per Day 50.57 Per Day 53.80 PER SQUARE FOOT A}IALYSIS AIID RATIOS 2-47 Fiscal Year 2015 Clark County - Downtown Las Vegas Area With Gaming Revenue of $12,000,000 and over Amounts Represent l-2 Locations.

GAMING REVENT'E PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAIVIfNG REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Includes Bingo and Keno) L2 6 ,437 t,62]. Coin Operated Devices L2 33,2L3 924 Poker and Pan 4 2,078 539 Race and Sports 5 2,058 s67

TOTAL CASINO t2 4L,200 L,02L

RATIOS PERCENT TOTAL CURRENT ASSETS TO TOTAL CI'RRENT LIABILITIES L7I..2t

TOTAL CAPITAL TO TOTAI LIABILITIES 254.4t

TOTAL CAPITAI TO TOTAL CT'RRENT LIABILITIES 647.4*

TOTAL CURRENT LIABILITTES TO TOTAI LIABILITIES 39.3?

TOTAL COMPLIMENTARY EXPENSE TO GAIVIING REVENUE ]-9.72

MUSIC AI{D ENTERTAINMENT EXPENSES TO GAMTNG REVENUE 0.3t

TOTAI REVENI'E TO AVERAGE TOTAL ASSETS 42.82

TOTAI REVENUE LESS COMP SALES TO AVERAGE TOTAL ASSETS 38.8?

RETURN ON IN\TESTED CAPITAL* 4.L?

RETI,]RN ON AVERAGE ASSETS* 3.4*

* - FORMULAS Return on InvesEed Capital is egual to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the totsa1 of average total assets less average current liabilities. Return on Average Assets is equal to the total of net income (before federal income taxes and extraordinary items) and interest elpense divided by the average total asseUs. 2-48

THIS PAGE LEFT INTENTIONALLY BLANK COMBINED BALANCE SHEET 2-49 Fiscal Year 2015 Clark County - Laughlin Area With Gaming Revenue of $1,000,000 and over Arnounts Represents 10 Locations.

ASSETS CI]RRENT ASSETS DOLLARS PERCENT Cash . L28 ,530 ,474 LO.2* Receivables TOTAL ALLOWANCE Casino 947,857 362 ,7 44 585, 113 0 .0? Trade 2,547 ,537 265 ,726 2 ,2gL , gLL 0.22 Sundry t,956 ,649 0 1,8s6 ,649 0.1-? Notes 0 0 0 0.08 Prepaid Expenses t7 ,889,932 1.4? Other Current Assets 256 ,6L4,299 20.4? TOTAT CURRENT ASSETS 407.758.278 32.3+

FIXED ASSETS DEPRECIATION Land 80,47L,239 80 , 47L ,239 6.4* Land Improvements 23 ,840 ,844 ]-8,9L7 ,869 4 ,922 ,972 0 .4t Buildings & Improvements 599 ,924 ,577 209 ,653 ,692 390,270,885 3r..0t Furniture & Equipment 253,559,318 ]-95,20O,525 58, 358, 793 4 .62 Lease ImprovemenUs 6,26L,79L 2 ,9t4 ,496 3,347,295 0.3t Construction in Progress L7 ,788,507 17 ,'788 ,507 L.4* TOTAL FIXED ASSETS ss5. l_59.691- 44 .0t

ASSETS 297 77L 963 23.6*

ASSETS 260 689 932 l-00.0?

LTABfLITTES A}ID CAPITAL CT'RRENT LIABILITIES Accounts Payable - Trade t2 ,305 ,090 l-.0? AccounEs Payable - Other 3 ,269 ,7 94 0.3? Current Portion of Long-Term Debt L0,035,708 0.8? Accrued Expenses 39 , 023 ,237 3.1? Other Current Liabilities 40 ,026 ,645 3.2* TOTAL CT'RRENT LIABILITIES LO4 .660 .474 8.3?

LONG-TERM DEBT TOTAI OWING CURRENT PORTION MorUgages 5,845,623 0 6 ,945 ,623 0 .5? Debentures&Bonds 0 0 0 0.0t Notes 7L,4LL,869 3,682,L63 67 ,729,706 5.4* Contracts 926,L22 467,L89 458, 933 0.0t Other 227 ,33L,6L4 5,886,355 22L,445 ,258 L7 .6t TOTAL LONG-TERM DEBT 306,515,228 10,035,708 296,479,520 23.52 OTHER LIABILITIES 44 ,723 ,322 3 .5? TOTAI, I.IABILITIES 445 , 863 ,3L6 35.4?

CAPITAL Owners Capital Accounts -25 ,401_,953 -2 .02 Capital Stock & other CapiEaI 556,677 ,LsO 44.2? Retained Earnings 283 ,55l. ,41_9 22.5t TOTAL CAPITAL 8L4 ,825 ,5L6 64 .6*

TOTAL LIABILITIES A}ID CAPITAL. L,260 689 932 100.0?

Average Assets Upper Quartile Median Lower Quartile ]-26 , O68 ,993 L79,297 ,]-63 1_06 ,825 ,349 t0 ,735 , 027 2-50 COMBINED INCOME STATEMENT - SUMI,IARY

Fiscal Year 2015 C1ark County - Laughlin Area With Gaming Revenue of $1-,000,000 and over Amounts Represent 10 Locations.

REVENUE DOLLARS PERCENT Ca*ing 464 ,759 , 085 63.22 Rooms 97,497,L55 13.3t Food . 80, 803, 910 l-1.0? Beverage 43 ,7 95 ,17 9 6.0? Other 48 ,7 9L , 440 6 .6* TOTAL REVENUE 735 .546 .769 r-00.0t

COST OF SALES 58,557 ,495 8.0?

GROSS IIARGIN 677,089,274 92.02

DEPARTMENTAL EXPENSES 390, 960, 383 53 . 1-?

DEPARTMENTAL INCOME (LOSS) 286 L28 89r_ 38.9?

GENERAL AI{D ADMINISTRATIVE EXPENSES Advertising and Promotion 1-9 ,67L,605 2.7* Bad Debt Expense 24,209 0.0t Complimentary Expense (not reported in departmenEs) ...... l_1, 193 , 901 1. s8 Depreciation - Buildings L7,599,583 2.4* Depreciation and Amortization - other 29,005,279 3.9t Energy Expense (electricity, 9as, etc.) )-6 ,255 ,599 2.2* Eguipment RenUaI or Lease L,493 ,669 o.2* Interesu Elq)ense 23 ,4L8 ,469 3.22 Music and Ent,ertainment 5,673,222 0.8t PayroII Taxes 3, 835, l_l_l_ 0 .5? Payroll - Employee Benefits ... 7,902,699 1. l-? Payroll - Officers ... 2 ,079 , g5g 0.3? Payroll - Other Employees 4L,44L ,]-88 5.5? Rent of Premises L,663 ,925 o.2z Taxes - Real Estate 5 ,094 ,89'7 0.7* Taxes and Licenses - OEher 3 , 139, l_55 0 .4? Utilities (Other than Energy Expense) 4 ,87L, OLA 0.7* Other General and Administrative Expenses 1-06 ,332 ,488 14 .5? TOTAI GENERAL A}TD ADMINISTRATIVE EXPENSES 300 . 695 .777 40.92

NET INCOME(LOSS) BEFORE FEDERAL INCOME TAXES A}iID EXTRAORDINARY ITEMS . . . -44 886 -2.O*

Average Revenue Upper Quartile Median Lower Quartile 73 ,564 ,577 Lt5 , ]-L9 ,872 59 ,403 ,002 L6 ,744 ,388 COMBINED INCOME STATEMENT - DETAIL 2-5I Fiscal Year 2015 Clark County - Laughlin Area With Gaming Revenue of $L,000,000 and over Amounts RepresenE 10 Locations.

CASINO DEPARTMENT

REVENUE DOIJLARS PERCENT -Et Revenue (Includes Keno and Bingo) 43, 399, 801_ 9.3? Coin Operated Devi-ces 4L4 ,324 ,200 89.1t Poker and Pan 2 ,7L8 ,959 0.6t Race Book 2, 118, 051 0.st Sports Pool 2 , Lgg ,074 0 .5? TOTAI, REVENUE 464 ,7 59 , 085 100.0t

DEPARTMENTAL EXPENSES Bad Debt Expense -2,992 0.0t Commissions 4 ,583 ,39t r_. 0t Complimentary Expense 9L,291,402 t-9. 6? Gaming Taxes and Licenses 38,O22,L35 8.22 Preferred Guest Expenses (no complimentaries) ... 3 ,456 ,5L2 0 .7t Payroll Taxes 4 ,593 ,969 1_.0t Payroll - Employee Benefits ... 9,72L,L76 1. 9t Payroll - Officers ... L,475 ,229 0.3? Payroll - Other Employees 32 , 036 ,146 6.9* Race Wire Fees 479,665 0.1? Other Departmental Expenses 50 , l-3l_, 053 10.8? TOTAT DEPARTMENTAL EXPENSES 234.887 ,696 50.st

DEPARTMENTAL INCOI4E (LOSS) 229 871 389 49.5*

ROOMS DEPARTMENT

REVENI'E DOLI,ARS PERCENT Room Sa1es ... 55 , 065 ,27 0 s5.58 ComplimenEary Rooms ... 42 ,431,885 43.5E TOTAL REVENI'E 97.497.L55 100.0t

DEPARTMENTAL EXPENSES Bad Debt Expense ]-69 , L9O 0.2t Complimentary Expense t ,2L9 ,555 1.3t Payroll - Taxes 2 ,2gg ,3gg 2.3* Payroll - Employee Benefits ... 4 ,828 ,375 4.93 Payroll - Officers ... 356, 958 0 .4t Payroll - Other Employees 2L , 909 ,57 6 22.52 Other Departmental Expenses 20 ,849 ,394 2L.42 TOTAT DEPARTMENTAL EXPENSES 5L.63L.447 53.0t

DEPARTMENTAI INCOME (LOSS) 45 86s 708 47.03 2-52 COMBINED INCOME STATEMENT - DETAII, (CONTINUED)

Fiscal Year 2015 Clark CounEy - Laughlin Area With Gaming Revenue of $1,000,000 and over Amounts Represent L0 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... 5L,227,439 63 .42 Complimentary Food Sales 29 ,576 ,47L 36 .6* TOTAL REVENUE 80.803. 910 100.0t

COST OF SAIES 32,420 ,25L 40 . 1?

GROSS MARGIN 48, 383, 559 59. 9?

DEPARTMENTAL EXPENSES Bad Debt Expense 1,278 0.0t ComplimenUary Expense . 434 ,248 0.st Payroll - Taxes 3,465,766 4.3t Payroll - Employee Benefits ... 5,951,001 8.st Payroll - Officers ... 652 ,884 0.8t Payroll - Other Employees 26 ,985 , L64 33 .4t Other Departmental Ercpenses 6, 8l_0, l_83 I .4t TOTAL DEPARTMENTAL EXPENSES 45,200,524 ss.9t

DEPARTMENTAI INCOME (LOSS ) l_8 3 135 3.9t

BEVERAGE DEPARTMENT RE\rENUE DOLLARS PERCENT Beverage Sales L3 ,706 ,4'7L 3l-.3t Complimentary Beverage Sales ... 30, 088, 708 68.72 TOTAL REVENI'E 43.795.L79 r_00.0t

COST OF SALES 11,839,998 27 .0*

GROSS I\4ARGIN 31,955,181 73.0t

DEPARTMENTAL EXPENSES Bad Debt Expense 29 0.0t Complimentary E>q)ense 7 94 , 1-59 1. 8t Payroll - Taxes L ,245 ,7 0O 2.8t Payroll - Employee Benefits ... 2 ,485 ,820 5.72 Payroll - Officers ... 58, 075 0.22 Payroll - Other Employees 7 ,675 ,037 L7 .5* Other Departmental Expenses L,979 ,458 4.s* TOTAI DEPARTMENTAI EXPENSES L4.248.278 32.s2

DEPARTMENTAL INCOME (LOSS ) 1_7 706 903 40 .4t COMB]NED INCOME STATEMENT - DETAIL (CONTINUED) 2-53

Fiscal Year 20L5 Clark County - Laughlin Area WiEh Gaming Revenue of $1-,000,000 and over Amounts Represenu 10 Locati-ons.

OTHER INCOME REVENUE DOLLARS PERCENT Other Operating and Non-operating Income 43 ,539 , 923 89.2* Other Complimentary Items ... 5 ,251 ,517 r-0.8t TOTAL REVENUE 48 ,7 9l , 440 r_00.0*

COST OF SALES L4,297 ,246 29.3t

GROSS T,IARGIN 34,494,!94 70 .72

DEPARTMENTAL EXPENSES Bad Debt Elq)ense 2,253 0.03 Complimentary Elq)ense 3 ,060 ,692 6.3? Payroll - Taxes 71_l_, 031 1.5? Payroll - Employee Benefits ... L,402 , L64 2.9* Payroll - Officers ... 97 ,022 o.2z PayroII - Other Employees 6,522,2]-L r.3 .4t Other Departmental E>cpenses 33,L97 ,065 58.0t TOTAL DEPARTMENTAL EXPENSES 44 .992 .438 92.2t

DEPARTMENTAL INCOME ( LOSS ) -10 498 244 -21.5*

AVERAGE NI]MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... !,475 ROOMS DEPARTMENT ... L,052 FOOD DEPARTMENT 1,473 BEVERAGE DEPARTMENT ... 470 G & A DEPARTMENT ... 1 ,266 OTHER DEPARTMENTS 31s

TOTAL 5, 051 2-54 ROOM OCCUPANCY AI{D PER ROOM PER DAY ANAI,YSIS

Fiscal Year 20L5 Clark County - Laughlin Area with Gaming Revenue of $1,000,000 and over Amounts Represent 10 Locatj-ons.

RATE OF ROOM OCCUPA}ICY

80F AVAILABLE ROOMS OCCUPANCY ROOMS OCCUPIED (COMPUTED) ,JI'LY . 307,323 225 ,725 73.45* AUGUST 305, 099 204 ,356 66.76* SEPTEMBER 27L,74L l_73, 588 63.88? OCTOBER 297 ,903 1_85, 345 62.ssz NOVEMBER 287,34L ]-60,227 55 .7 6Z DECEI4BER 296 , L76 L43 ,547 48 .47t .JAI{UARY 293 ,3lO 1_7L,484 58 .472 FEBRUARY 274,398 185, 166 67 .85* MARCH 294 ,437 2L5 ,3L4 73.13? APRIL 289 ,538 197,770 68.28* MAY . 302,803 L92,569 63.60t iIUNE 290 ,600 L85 .476 63.83t

TOTAI 3,sJ.L,759 242 567 63.86?

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day r-9. 35 Per Room Per Day r.9.53

Average Rooms Average Slot Revenue DeparLment Payroll Per Room Per Day L84.75 Per Room Per Day 13.l_L Average Food Sales Average Room Rate Per Room Per Day 36.03 Per Day 43.48 PER SQUARE FOOT AIIALYSIS AI.ID RATIOS 2-55 Fiscal Year 2015 Clark County - Laughlin Area With Gaming Revenue of $L,000,000 and over Arnounts Represent L0 Locations.

GAMING REVENUE PER SOUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAI{ING REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Includes Bingo and Keno) 9 5, 085 792 Coin Operated Devices 9 40 ,594 L,L34 Poker and Pan 3 1, 581_ 573 Race and Sports 5 4 ,482 193

TOTAL CASINO 10 44 ,727 l_, 03 9

RATIOS PERCENT TOTAL CI'RRENT ASSETS TO TOTAI CURRENT LIABILITIES 389.6t

TOTAL CAPITAL TO TOTA], LIABILITIES 1-82 . 8?

TOTAL CAPITAL TO TOTAI CURRENT LIABILITIES 778.52

TOTAL CT'RRENT LIABILITIES TO TOTAL LIABILITIES 23.s*

TOTAL COMPL]MENTARY EXPENSE TO GAI,IING REVENUE 23.2+

MUSIC AIVD ENTERTAINMENT EXPENSES TO GAMTNG REVENI'E L.2?

TOTAI REVENUE TO AVERAGE TOTAI, ASSETS 60 .3?

TOTAL REVENI'E LESS COMP SAIES TO AVERAGE TOTAL ASSETS 51.5t

RETI]RN ON INVESTED CAPITAL* 0.8?

RETURN ON AVERAGE ASSETS* o.7z

* - FORMULAS Return on Invested Capital is equal to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the total of average total- assets less average current l-iabilities. Return on Average Asset,s is equal Eo the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the average total assets. 2-56

THIS PAGE LEFT INTENTIONALLY BI,ANK COMBINED BAI,ANCE SHEET 2-57 Fisca1 Year 2015 Clark County - Boulder Strip Area With Gaming Revenue of $1,000,000 and over

Arnounts Represent 31- Locations.

ASSETS CI'RRENT ASSETS DOLI,ARS PERCENT Cash . . 7!,253,304 3.2* Receivables TOTAL ALLOWATIEE Casino 2 ,443 ,626 495,377 1,948 ,249 0.1t Trade L3,774,683 L26 ,426 L3 ,648,257 0.5t Sundry L,496,t30 0 L,496,]-30 0.1? Notes 4L9,31_5 0 4L9,315 0.0? Prepaid Expenses 27,426,757 1.2* Other Current AsseEs t62 ,5L3 ,663 7 .4* TOTAL CURRENT ASSETS 278,705,67s L2.7*

FIXED ASSETS DEPRECIATION Land 243,841-,79L 243 , 84L ,7 9L 1L . l-t Land Improvements 7 ,788,707 6, L40,000 L,648,707 o.lt Buildings & Improvements L,323,538,189 3L3 ,990 ,2l.0 l, 009 ,647 ,979 45 . 9t Furniture a Eguipment 441,311,001 34L ,342 , 980 99 ,968 ,021- 4 .5t Lease Improvements 20,485,380 9 ,878 ,294 l-0, 607, 086 0.5? Construction in Progress ]-9,493,682 19 ,493 ,682 0 . 9& TOTAL FIXED ASSETS 385,207 ,266 63.0?

ASSETS 533, 754, 055 24 .3t

ASSETS L97 666 996 r-00.0t

LIABILITIES AND CAPITAL CI'RRENT LIABILITIES AccounEs Payable - Trade g,L32,La9 0 .4t Accounts Payable - Other 284 ,809 , 60L 13.0t Current Portion of Long-Term Debt 3 , 335 ,'7 54 o.2z Accrued Expenses ]-8,697 ,886 0.9t Other Currenu Liabilities 6L,969 ,877 2.82 TOTAI CURRENT LIABILITIES 377 ,946.237 L7 .2+

LONG-TERM DEBT TOTAL OWING CIJRRENT PORTION Mortgages 5,898,L6'7 2l4,5OO 5 ,683 ,667 0.3t Debentures&Bonds 0 0 0 0.0t Notes I , 040 ,]-95 t ,3L3 ,2'78 6 ,725 ,948 0.3t Contracts 42L,683 288,407 L33,276 0.03 Other ]-35,325,4]-9 1,520,569 l_33, 804, 850 5.r-t TOTAL LONG-TERM DEBT a49,685,465 3,336,754 L46,348,7L1, 6.72 OTHER LIABILITIES tL,992 ,078 0 .5? TOTAL LIABILITIES 536.287 .026 24.4t

CAPITAL Owners Capital AccounUs 450,792,]-94 20.5* Capital Stock & other Capital 89a,236,509 40.58 ReLained Earnings 3Lg ,35L,267 l-4 .5? TOTAL CAPITAI 66L.379.970 7s .6*

TOTAL LIABILITIES AIID CAPITAL L97 666 996 r-00.0t

Average Assets Upper Quartile Median Lower Quartile 70 ,892,484 84 , 8L4 ,7 53 8,51_9,980 L, L2L,554 2-58 COIVIBINED INCOME STATEMENT - ST]M}IARY

Fiscal Year 2015 Clark County - Boulder Strip Area with Gaming Revenue of $l-,000,000 and over Amounts Represent 31 Locations.

REVENUE DOLLARS PERCENT Oamit g 849, 868, 013 70.3? Rooms 82,4L7 ,79L 5.8t Food . L72,620 ,999 14 .3? Beverage 54,073 ,092 4.52 Other s0, 558, 030 4.2* TOTAL REVENUE 209,s37 ,925 t_00.0?

COST OF SALES l-00,998,780 8.4*

GROSS IVTARGIN 1,108 ,539,L45 91.5t

DEPARTMENTAI EXPENSES 6L4,7L7,288 50.8t

DEPARTMENTAL INCOME (LOSS) 493 82L 857 40.8?

GENERAL AI$D ADMINISTRATIVE EXPENSES Advertising and Promotion . 2L,661,634 l-.8? Bad Debt Expense -6,629 0.0t Complimentary Expense (not reported in departments)...... 9,559,858 0.8? Depreciation - Buildings 55,044,0L0 5.4* Depreciation and Amortization - other 2L,038,655 1.7? Energy Expense (e1ectsricity, 9BS, eEc.) 24,092,250 2.0t Eguipment Rental or Lease 3'76,LO9 0.0t il*i:"::""ffiiliE;;;;;; ::::::::::::::::::::::::::::::::: ",',nu\Z',iZZ l:ll Payroll Taxes 6,644,9L2 0.5t Payroll - Employee Benefits . . . 15 ,647 ,689 l-.3t Payroll - Officers ... 5,2L7,906 0.4+ Payroll - Other Employees 79,L72,967 6.5t Rent of Premises 18, 815, l-86 1 . 6? Taxes - ReaI Estate 6,833'439 0.6t Taxes and Licenses - Other 2,6L2,o8! 0.2? Utitities (Other than Energy Expense) 5,540,799 0.5t Other General and Administrative Expenses ]-07,7L1,078 8.9t TOTAI GENERAL A}ID ADMINISTRATIVE EXPENSES 403,897,795 33.4?

NET INCOME(LOSS) BEFORE FEDERAL INCOME TAXES AI{D EXTRAORDINARY ITEMS . . . 89 062 7 .42

Average Revenue Upper Quartile Median Lower Quartile 39,0L7 ,352 42 ,]-38 ,662 9 ,525 , L3L 3 ,735 ,082 COMBINED INCOME STATEMENT DETAIL 2-59 Fiscal Year 2015 Clark County - Boulder Strip Area With Gaming Revenue of $L,000,000 and over Amounus Represent 31 Locations.

CASINO DEPARTMENT

REVENUE DOLLARS PERCENT Pit Revenue (Includes Keno and Bingo) 65,390,055 7 .7* Coin Operated Devices 743,773,236 87 .52 Poker and Pan 5, 861, 588 0.72 Race Book l_0, 951, 558 1.3t Sports PooI 23 ,891,576 2.82 TOTAL REVENUE 849,868,013 100.08

DEPARTMENTAL EXPENSES Bad Debt Expense -L60,607 0.0t Commissions 7 ,595,48L 0.98 Complimentary Expense . 100, 117, 541- 11.8? Gaming Taxes and Licenses 63,779,447 7 .5* Preferred Guest Expenses (no compl-iment.aries) 35, 012, 951- 4 .lz Payroll Taxes 8,496 ,599 1. 0? Payroll - Employee Benefits ... l-5, 385, 601 1. 9t Payroll - Officers ... 2,234,223 0.3t Payroll - Other Employees 64,249,713 7.6* Race Wire Fees L,332,260 0.2* Other Departmental Expenses 92,L99,096 r.0.8? TOTAL DEPARTMENTAI EXPENSES 39L,242,305 46.02

DEPARTMENTAL INCOME (LOSS ) 458 625 708 54.0?

ROOMS DEPARTMENT

RE\IENUE DOLLARS PERCENT Room Sales ... 56 ,309 , 483 80. st Complimentary Rooms ... l_6,1-08,308 r.9. st TOTAI REVENUE 82,4t7 ,794 l-00.0t

DEPARTMENTAL EXPENSES Bad Debt Expense 7O ,66]- 0.L? Complimentary Expense . L,302 , gg4 1. 6t Payroll - Taxes 2 ,359 , O60 2.8t Payroll - Employee Benefits ... 5 ,264 ,7 05 5.3t Payroll - Officers ... 375, 350 0.st Payroll - Other Employees 22 , L9]-,378 26.9* Other Departmental Expenses 13 ,44L,366 r_6.3t TOTAI DEPARTMENTAL EXPENSES 45 ,004 ,404 s4 .62

DEPARTMENTAL INCOME (LOSS) 37 ,4L3,387 45.4* 2-60 COMBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 Clark County - Boulder Strip Area With Gaming Revenue of $1,000,000 and over Amounts Represent 31 Locauions.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... LL7 ,684,270 68.2* Complimentary Food Sal-es 54 , 936 ,729 3L. 8? TOTAI REVENUE L72 .620 .999 100.0?

COST OF SALES 73,097 ,270 42.32

GROSS MARGIN 99,523,729 57 .72

DEPARTMENTAL EXPENSES Bad DebE Expense 0.0t Complimentary Expense . 3,413, 050 2.Ot Payroll - Taxes 9 ,355 ,544 5 .4t Payroll - Employee Benefits ... L8 ,4]-5 ,223 L0.7t Payroll - officers ... 1, o3o, 6gg 0.6t Payroll - Other Employees 74 ,074 ,680 42.9* Other Departmental Expenses L4 ,676 ,962 8. st TOTAL DEPARTMENTAL EXPENSES ]-20 ,956 , L67 70 . r_t

DEPARTMENTAL INCOME (LOSS ) -2L 442 438 -L2.4*

BEVERAGE DEPARTMENT REVENUE DOLLARS PERCENT Beverage Sales L6 ,425 ,983 30 .4t Complimentary Beverage Sales ... 37 ,647 ,1_09 59.5? TOTAL REVENUE 54 .073 .092 100.0?

COST OF SALES L7,234,742 3l-.9t

GROSS }IARGIN 36, 838, 350 68 . ]-t

OEPNTMENT ffi Bad Debt Expense 0.0? Complimentary Expense 856,378 1-. 6? Payroll - Taxes 2 ,662 ,396 4.93 Payroll - Employee Benefits ... 5,303,980 9 .8t Payroll - Officers ... loo ,042 0.22 Payroll - Otsher Employees 17 ,748,852 32.8t Other Departmental Expenses 2 ,476 ,373 4 .6t TOTAI DEPARTMENTAI EXPENSES 29 . L48 .0L7 s3.9t

DEPARTMENTAL INCOME (LOSS ) 690 339 L4.2? COMBINED TNCOME STATEMENT . DETAIL (CONTINUED) 2-6L

Fiscal Year 2015 Clark County - Boulder Strip Area With Gaming Revenue of $1,000,000 and over Arnounts Represent 31 Locations.

OTHER INCOME REVENUE DOI,LARS PERCENT Other Operating and Non-operating Income 47,454,287 93.92 Other Complimentary Items ... 3,103,743 5.1t TOTAL REVENUE 50,558,030 100.0t

COST OF SALES L0 , 666 ,7 68 2L.L*

GROSS MARGIN 39 ,89L,262 78.9*

DEPARTMENTAL EXPENSES Bad Debt Expense 6,225 0.0t Complimentary Expense 594 ,975 r-.4t Payroll - Taxes 934, 585 r-. 8t Payroll - Empl-oyee BenefiEs ... 2 ,5L3 ,249 s.08 Payroll - Officers ... 2L8 ,96t 0 .4t Payroll - Other Employees 9,679,L69 r_9. 1t OEher Departmental E:,qgenses J.4,309,238 28.3* TOTAI DEPARTI4ENTAL EXPENSES 28, 355, 401 s5. 1t

DEPARTMENTAI INCOME (LOSS ) l_1 534 8 51_ 22.8*

AVER,AGE NT]MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 2,545 ROOMS DEPARTMENT ... 775 FOOD DEPARTMENT 2,90L BEVERAGE DEPARTMENT ... 681 G&A DEPARTMENT... L,734 OTHER DEPARTMENTS 359

TOTAL 8, 995 2-62 ROOM OCCUPANCY AIVD PER ROOM PER DAY ANAIYSIS

Fisca1 Year 2015 Clark County - Boul-der StriP Area With Gaming Revenue of $1,000,000 and over AmounLs Represent 31 Locations.

RATE OF ROOM OCCUPANCY

toF AVAIT.ARLE ROOMS OCCUPAI{CY MONTH ROOMS OCCUPIED (COMPUTED) JULY . 106, 380 92 ,7 83 87.22* AUGUST 106, 386 86 ,926 81.71? SEPTEMBER a05 ,679 86 ,446 81.80? OCTOBER L07,843 93, 550 86.84? NOVEMBER l-03,845 84 ,653 8L.52* DECEI4BER ]-01 , L62 80,202 74.84* .]AIVUARY 409,2L7 88 ,41-4 80.9s8 FEBRUARY 98,776 83 ,475 84 . 5r-t MARCH L07,574 93,784 87.18t APRIL L05 ,592 9l_, 950 87.08t MAY . 1L0, 5L8 95 ,544 86 .45t .fI]NE l-05, 346 9a ,266 8s.82t

TOTAI L,275,3]-9 069 093 83.83t

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 61. 16 Per Room Per Day 50.s8

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day 69s.70 Per Room Per Day 28.24

Average Food Sa1es Average Room Rate Per Room Per Day L6L.46 Per Day '77 .09 PER SQUARE FOOT ANALYSIS AND RATIOS 2-63 Fiscal Year 2015 C1ark County - Boulder Strip Area With Gaming Revenue of $1,000,000 and over Amounts Represent 31 Locations.

GAI\,IING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAI,IING REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Inc1udes Bingo and Keno) t4 7,982 58s Coin Operated Devices 30 26 ,7 65 926 Poker and Pan 5 L,832 533 Race and Sports L4 4,262 584

TOTAI. CASINO 3L 3L,786 862

RATIOS PERCENT TOTAL CURRENT ASSETS TO TOTAL CURRENT LIABILITIES 73.72

TOTAT CAPITAL TO TOTAL LIABILITIES 309.8?

TOTAL CAPITAL TO TOTAI CI'RRENT LIABILITIES 439 .6*

TOTAI CURRENT LIABILITIES TO TOTAI LIABILITIES 70. st

TOTAL COMPLIMENTARY EXPENSE TO GAMING REVENI'E 13.6t

MUSTC AND ENTERTAINMENT EXPENSES TO GAI,IING REVENUE o.2*

TOTAT REVENUE TO AVERAGE TOTAT ASSETS 55. 5E

TOTAT REVENUE LESS COMP SALES TO AVERAGE TOTAL ASSETS 51. 3?

RETURN ON INVESTED CAPITAL* 5 .5?

RETURN ON AVERAGE ASSETS* 4.8t

* - FORMULAS Return on Invesued Capital is egual- to the tot,al of net income (before federal income Eaxes and exEraordinary items) and interest expense divided by the total of average totsal assets less average current liabilities. Return on Average Assets is egual to the total of neE income (before federal income taxes and exEraordinary items) and interest expense divided by the average total assets. 2-64

THIS PAGE LEFT INTENTIONAILY BLANK CONIBINED BALANCE SHEET 2-65 Fiscal Year 2015 Clark County - Balance of County with Gaming Revenue of $l-,000,000 and over Amounts Represent 51 Locations.

ASSETS CURRENT ASSETS DOLLARS PERCENT Cash. L92,769,8L5 3.7* Receivables ALLOWAI.ICE Casino L5 ,065 ,487 l_, 806, 035 t3 ,259 ,452 0 .3? Trade 40 ,938 ,489 496 , L35 40 , 442 ,354 0.8? Sundry 69 ,235 ,843 0 69 ,235 ,843 1. 3t Notes 784 ,665 0 784 ,665 0.0t Prepaid Expenses 43 ,295 , 0L9 0 .8t Other Current Assets 628 ,094,83L t-2 . 0t TOTAL CURRENT ASSETS 987,88L,979 r_8 . 9?

FIXED ASSETS DEPRECIATION Land 420,395,225 420,395,22s I .0? Land Improvements L]-0,020,272 54 , 473 ,597 55 ,546 , 67 5 r.. r_t Buildings & fmprovemenUs 2, 535, 647, 229 565 ,404 ,286 L,970,242,943 37 .72 Furniture c Equipment 744,554,'79L 57 O ,9L4 ,229 ]-73 ,640 ,562 3.3t Lease Improvements 44,870,004 29 ,042 ,721 15,827,283 0.3t Construction in Progress 36,845,784 36,845,784 o.7t TOTAL FIXED ASSETS ....,. 2 .672 ,498 ,472 51. L?

OTHER ASSETS L,565,247,268 30.0?

TOTAL ASSETS 225 627 7L9 100.0?

LIABILITIES AND CAPITAL CURRENT LTABILITIES Accounts Payable - Trade L7 ,979,374 0 .3t Accounts Payable - Other 25,]-52,977 0 .5t Current Portion of Long-Term Debt 72 ,362 ,594 r_.4t Accrued Expenses 72 ,80L,984 1, .4? other Currenu Liabilities 77,077,9LL r_. st TOTAL CURRENT LIABILITIES 265 .373 . 940 5.r-t

LONG-TERM DEBT TOTAL OWING CI]RRENT PORTION Mortgages L97 ,735,592 56 ,256 , 67]-. L4]-,478 ,921 2.7* Debentures & Bonds 0 0 0 0.0? Notes t27 ,684,025 4 , Lg2 ,922 123 , 501, 103 2.4? Contracts 2 ,405 ,785 876 , L93 L,529 ,592 0 .0t Other 849 ,7 55 , 929 11, 046, 808 938 ,709 , L2L 16.0? TOTAL LONG-TERM DEBT L,L77,581,331 72,362,594 L,105 ,2L8,737 2L.tZ OTHER LIABILITIES L05,478,702 2 .0* TOTAL LIAE}ILTTIES L.475.07L.379 28.2*

CAPITAL Owners Capital Accounts 7-,4L2 ,696 , L56 27.0* Capital Stock & other Capital 1,734, 580, 3L2 33.22 Retained Earnings 602,279,872 l-l-.5t TOTAI, CAPTTAL 3.749.555.340 7L.82

TOTAI LIABILITIES AI{D CAPITAT 225 627 719 l-00.08

Average Assets Upper Quartile Median Lower Quartile 7_02,463 ,289 36 ,625 ,67s 4 ,078 ,096 L, LL2 ,343 2-66 COMBINED INCOME STATEMENT - SUMT4ARY

Fiscal Year 201-5 C1ark County - Balance of County with Gaming Revenue of $L,000,000 and over Amounts Represent 5l- Locations.

RE\IENUE DOLLARS PERCENT Cami.rg 1,485 ,9L0,799 64 .6* Rooms 21L,06L,676 9.22 Food . 3LL,7L6 , L1O r_3 .5t Beverage LLO ,569 ,623 4.8t Other 181_, 855, 705 7 .9* TOTAI REVENT'E 2 .30L , LL3 .973 r_00.0*

COST OF SALES 228 , ]-89 ,257 9 .9*

GROSS MARGIN 2 ,072 ,924 ,7L6 90 .1?

DEPARTMENTAI EXPENSES 1,085,534,99O 47.22

DEPARTMENTAL TNCOME (LOSS) 987 ,389,726 42.9*

GENERAL AND ADMINISTRATIVE EXPENSES Advertising and Promotion 44,749,132 1. 9? Bad Debt Expense 69 ,907 0.0? Complimentary E>cpense (not reported in departments) ...... 37 ,435,067 l_. 5? Depreciation - Buildings 108, 604, 530 4.7* Depreciation and Amortization - Other 49 ,988 ,599 2.2+ Energ"y Expense (elecEricity, 9ds, etc.) 46 ,408 ,96L 2 .0+ Eguipment Rental- or Lease 5, 711, g3g 0.2? Interest Expense 69 ,775 ,582 3.0t Music and Entertainment 3 ,944 ,048 o.2t Payroll Taxes L3 ,462 ,820 0.6t Payroll - Employee Benefits ... 28,29L,794 L.2t Payroll - Officers ... L,734 ,752 0.r_t Payroll - Other Employees 149,936,350 5.st Rent of Premises 22 ,299 ,404 l_. 0? Taxes - ReaI Estate L4 , L25 ,284 0.6? Taxes and Licenses - Other 4,L94,L65 o.2t Utilities (Other than Energy Expense) 10, 934 , 559 0 .5t Other General and Administrative Expenses l_71_, 331, 531_ 7 .4* TOTAI GENERAL AND ADMINISTRATIVE EXPENSES 782 ,988 ,524 34.0t

NET INCOME (LOSS) BEFORE FEDERAL INCOME TN(ES AIID EXTRAORDINARY ITEMS ... 204 401 202 8.9*

Average Revenue Upper Quartile Median Lower Quartile 45 , LL9 ,882 51, 8ss, 045 6 ,645 ,756 2 ,2O5 , 0g6 COMBINED INCOME STATEMENT - DETA]L 2-67 Fiscal Year 2015 Clark County - Balance of County With Gaming Revenue of $1,000,000 and over Amounts Represent 51 Locations.

CASINO DEPARTMENT

REVENUE DOIJLARS PERCENT Pit Revenue (Includes Keno and Bingo) ... L7L,265 ,083 L1.5? Coin Operated Devices L ,235 ,282 ,389 83.1? Poker and Pan L7 ,222 ,498 L.2Z Race Book 15 ,595 ,1LA 1. 0E Sports PooI 46 ,545 , LLg 3. l-? TOTAI REVENUE 485 .9LO .799 r-00.0?

DEPARTMENTAL EXPENSES Bad Debt Expense 390, 935 0.0t Commissions 19,848,779 1.3t Complimentary Expense . L74 ,045 ,09L r_r-. 7t Gaming Taxes and Licenses LL1,855,524 7 .9* Preferred Guest Expenses (no complimentaries) 6 ,266 , Lso 0 .48 Payroll Taxes !7,8OL,466 1-.2* Payroll - Employee Benefits ... 30, 338, 837 2.OZ Payroll - Officers ... 3 ,957 ,920 0 .3t Payroll - Other Employees ]-23,756,738 8.3t Race Wire Fees 1,649,588 0.1-? Other Departmental Ercpenses ]-49 ,316 ,983 10.0? TOTAL DEPARTIiIENTAL EXPENSES 64s ,228 ,ols 43.4*

DEPARTMENTAL INCOME (LOSS ) 840 682 784 s6.52

ROOMS DEPARTMENT

REVENT'E DOLI,ARS PERCENT Room Sales ... t63,97'7 ,L86 77.6* Complimentary Rooms ... 47,184,490 22.4* TOTAL REVENUE 21L.06L.676 100.0?

DEPARTMENTAI EXPENSES Bad Debt E),q)ense -2L, L6O 0.0t Complimentary Expense L,693 ,937 0.8t Payroll - Taxes 4 ,939 ,420 2.2* Payroll - Employee Benefj-ts ... l_0, 585, 875 s.0t Payroll - Officers ... 75 ,206 0.0t Payroll - Otsher Employees 44 ,29L,538 2L.0+ Other Departmental Expenses 36 ,286 , 938 L7 .2* TOTAL DEPARTMENTAI EXPENSES 97.75t.754 46.32

DEPARTMENTAL INCOME (LOSS ) l_13 309 922 s3.72 2-68 COMBTNED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 Clark County - Balance of CountY with Gaming Revenue of $1,000,000 and over Arnounts Represent 51 Locations.

FOOD DEPARTMENT RE\/ENUE DOLLARS PERCENT Food Sales ... 223 ,829 ,96L 7L.8t Complimentary Food Sales g7 ,886,209 28.22 TOTAL REVENUE 3L1,.7L6.]-70 100.0t

COST OF SALES L34,95]-,294 43.3t

GROSS I,IARGIN t76,754,876 s6.7*

DEPARTMENTAL EXPENSES Bad Debt Expense 13 ,628 0.0t Complimentary Expense 4,376,073 1, .4* Payroll - Taxes L6,387 ,064 5.3? Payroll - Employee Benefits ... 33,2L4,5L8 LO.7Z Payroll - Officers ... l_, 117, 385 0 .4? Payroll - Other Employees L39,LL7 ,972 44 .62 Other Departmental E>q)enses 21,L37,555 6.8? TOTAL DEPARTMENTAL EXPENSES 2L5 .364 . L95 69. 1?

DEPARTMENTAL INCOME (LOSS) -38 509 319 -L2 -4*

BEVERAGE DEPARTMENT REVENUE DOLI,ARS PERCENT Beverage SaLes 38,472,704 34.8t ComplimenEary Beverage Sales ... 72 ,096 ,9]-9 65.2\ TOTAL REVENUE 'L1-0 .559 . 623 100.0?

COST OF SALES 34,L1,8,946 30.9t

GROSS IVIARGIN 76,450,677 69.1*

OPPANTMENTAL EXPffi Bad Debts Expense 472 0.0? Complimentary Expense 2 ,7L5 ,328 2.s* Payroll - Taxes 4 ,532 ,584 4.tz Payroll - Employee Benefits ... I ,063 ,956 7 .32 Payroll - Officers ... 236,750 o.2z Payroll - Other Employees 28 ,7L]-,979 26 .0? Other Departmental Expenses 5 ,569 ,943 5.0? TOTAI DEPARTMENTAI EXPENSES 49 ,83]-,022 45.l-t

DEPARTMENTAL INCOME (LOSS ) 26 6L9 555 24.1* COMBINED INCOME STATEMENT - DETAIL (CONTINUED) 2-69

Fiscal Year 2015 Clark County - Balance of County With Gaming Revenue of $1,000,000 and over tunounts RepresenL 51 Locations.

OTHER INCOME REVENUE DOLLARS PERCENT Other Operating and Non-operating Income 172 ,828 ,827 95. 0? Other ComplimenEary Items ... g ,026 , g7g 5 .08 TOTAL REVENT,'E 181, 855, 70s 100 - 0t

COST OF SALES 59,LO9,017 32.5?

GROSS MARGIN L22,746,688 67 .s3

DEPARTMENTAL EXPENSES Bad Debt Expense 43 ,820 0 .0t Complimentary Expense L0 ,7 65 , 41-3 5 .9? Payroll - Taxes 2,950,079 1.5? Payroll - Employee Benefits ... 4 ,53L,955 2.52 Payroll - Officers ... 0 0.0? Payroll - Other Employees 29 ,928 ,690 16.s? Other Departmental Elq)enses 29 , L40 ,047 L6.0? TOTAL DEPARTMENTAL EXPENSES 77.360.004 42.5?

DEPARTMENTAL INCOME (LOSS ) 45 385 584 2s. 0?

AVERAGE NI]MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 4 ,694 ROOMS DEPARTMENT ... l_, 651_ FOOD DEPARTMENT 5 ,]-74 BEVERAGE DEPARTMENT ... t,294 G & A DEPARTMENT ... 3,206 OTHER DEPARTMENTS 907

TOTAL L6 ,923 2-7 0 ROOM OCCUPANCY AIID PER ROOM PER DAY AIIALYSIS

Fiscal Year 20L5 Clark County - Balance of CountY With Gaming Revenue of $1,000,000 and over Amounts Represent 51 LocaLions.

RATE OF ROOM OCCUPAI{CY

toF AVAII,ABLE ROOMS OCCUPAI{CY MONTH ROOMS OCCUPIED (COMPUTED) .TULY . 347,8]-6 254 ,7 43 76.L2+ AUGUST 347,279 243 ,855 70.22? SEPTED{BER 33'l ,366 227,356 67 .39* OCTOBER 351-, 582 263,156 7 4 .852 NOVEMBER 340,322 238, L58 69.98t DECEMBER 320 ,644 222 ,427 69.37t .JAIVUARY 348 ,432 244 ,240 70.l-0? FEBRUARY 316 ,489 224,393 70.90* MARCH 351, 605 268 ,983 76.sot APRIL 337, 308 254,L73 75.3s8 l,lAY . 345, 500 262,542 7s.99* .]I]NE 33 1. 510 2so .403 7s . s3t

TOTAL 075 8s3 964 440 72.73*

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 57 .77 Per Room Per Day 37.30

Average Rooms Average SloE Revenue Department Payroll Per Room Per Day 4L6.70 Per Room Per Day 20.L7 Average Food Sales Average Room Rate Per Room Per Day l-05.15 Per Day 7L.20 PER SQUARE FOOT A}IALYSIS AI{D RATIOS 2-7L Fiscal Year 2015 Clark County - Balance of County With Gaming Revenue of $L,000,000 and over Amounts Represent 51 Locations.

GAI4ING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAMING REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Includes Bingo and Keno) 25 9 ,516 '720 Coin Operated Devices 47 27 ,689 949 Poker and Pan 11 2,L70 722 Race and Sports 20 5,878 s29

TOTAL CASINO 51 32 ,955 884

RATIOS PERCENT TOTAL CT'RRENT ASSETS TO TOTAL C('RRENT LIABILITIES 372.3?

TOTAL CAPITAL TO TOTAI LIABILITIES 254.0?

TOTAI CAPITAL TO TOTAL CI'RRENT LIABILITIES L4L2.94

TOTAL CURRENT LIABILITIES TO TOTAI LIAB]LITIES 18.0&

TOTA], COMPLIMENTARY EXPENSE TO GAMING REVENUE l-5. 5t

MUSIC AND ENTERTAINMENT EXPENSES TO GAI\,IING REVENI'E 0.3?

TOTAI REVENUE TO AVERAGE TOTAL ASSETS 44 .6t

TOTAL REVENT,'E LESS COMP SALES TO AVERAGE TOTAI ASSETS 40.4*

RETI'RN ON INVESTED CAPITAL* 5 .8?

RETI'RN ON AVERAGE ASSETS* s.3*

* - FORMULAS Return on Invested Capital is egual to the toEal of net income (before federal income taxes and extraordinary items) and interest expense divided by the total of average toEal assets less average current liabilities. Return on Average Assets is egual tso the Eotal of net income (before federal income taxes and extraordinary items) and interest e>.pense divided by the average total assets. 2-72

THIS PAGE LEFT INTENTIONALLY BLANK COMBINED BALANCE SHEET 2-73 Fiscal Year 2015 Elko County - Wendover Area With Gaming Revenue of $1,000,000 and over Amounts Represent 5 Locations.

ASSETS CI,RRENT ASSETS DOLLARS PERCENT Cash . 20,81_5,501_ 5 .8t Receivables TOTAL ALLOWAI{CE Casino 848,40L 24 ,998 823 ,403 o.2t Trade 3 , 433 ,27t 0 3 , 433 ,271 1_.0t Sundry 69,597 ,083 0 69,597 ,083 19.3? Notes 0 0 0 0 .0? Prepaid Expenses LL,327,095 3.1t Other Current Assets 5, 398, 153 t-.5t TOTAL CURRENT ASSETS l_l_t_. 384 . 606 30.98

FTXED ASSETS DEPRECIATION Land 20 ,348 , LLs 20 ,348 , tL5 5. 6? Land Improvements L0,228,]-66 4 ,925 ,245 5 ,402 ,92L 1. 5? Buildings & Improvements 275 , 684 ,294 L04 ,568 ,082 L7L,LL6,2L2 47 .5* Furniture & Eguipment 2L4 ,45L,L02 184, 383, 107 30,067 ,995 8.3t Lease ImprovemenEs 228 ,sgL 101, 096 L27 ,485 0.0t Construction in Progress l_8, 981, 543 l-8 , 981_, 543 5.3? TOTAL FIXED ASSETS 246 .044 .274 58.3t

OTHER ASSETS 744 L67 0.8t

TOTAL ASSETS 360 L73 044 100.0t

LIABILITIES AI{D CAPITAL CI'RRENT LIABILITIES Accounts Payable - Trade L ,736 ,728 0 .5? Accounts Payable - Other 539 , L37 0.1? Current Porti-on of Long-Term Debt 7,379 0.0? Accrued Expenses L4,!',|9,224 3.9t Other Current Liabilities 6 ,943 ,923 1. 98 TOTAL CT'RRENT LIABILITIES 23 ,406 ,39L 6.st

LONG-TERM DEBT TOTAT OWING CURRENT PORTION Mortgages 30,600,000 0 30, 600, 000 8.st Debentures&Bonds 0 0 0 0.0? Notes 2L,923,355 7 ,379 2]-,9L5 ,976 6.1? Contracts 0 0 0 0.0t Other LL4,58L,L46 0 ]-L4 ,587-, L46 31- . 8t TOTAL LONG-TERM DEBT L67 ,104,50]- 7 ,379 L67,097,t22 45 .4* OTHER LIABILIT]ES 4,367,665 t.2z TOTAI, I,IABILITIES L94 .871 ,]-78 54 . ]_t

CAPITAI Orners Capital Accounts 5 ,296 , t95 L .72 Capital stock & other capital L20,72L,431 33.5t Retained Earnings 38 ,284 ,240 L0.5? TOTAL CAPITAI, 155. 301_. 855 4s.9t

TOTAL LIABILITIES AI{D CAPITAL 360 ]-73 , O44 100.0?

Average Assets upper Quartile Median Lower Quartile 60 ,028 ,84! 84,206,797 53,307,76]- 25,670,732 2-74 COMBINED INCOME STATEMENT - SUMMARY

Fiscal Year 2015 Elko County - Wendover Area With Gaming Revenue of $1,000,000 and over Amounts Represent 6 Locations.

REVENUE DOLLARS PERCENT Gaming 1-71,686 ,069 7L.72 Rooms L3 ,923,720 5.8? Food. 28,602,00L 11. 9? Beverage L2,556,858 s.2z Other L2,590,040 5.3t TOTAL REVENUE 239,358,688 r_00.0t

COST OF SALES 20,77L,505 8.72

GROSS I|IARGIN 21-8 , s87 ,]-83 9r_.3t

DEPARTMENTAL EXPENSES 89, 233, 035 37 . 3t

DEPARTMENTAI INCOME (LOSS) L29 354 148 s4-0t

GENERAL AND ADMINISTRATIVE EXPENSES Advertising and Promotion !3,727,80L 5.7* Bad Debt. Expense 0 0.0* Complimentary Expense (not reported in departments) ...... 6, 003, 430 2.52 Depreciation - Buildings 7 ,598,925 3.2* Depreciation and Amortsization - Other LL,663 ,429 4.92 Energy Expense (electricity, 9ds, eLc.) 5, 195, 8l_6 2.22 Equipment Rental or Lease 22 , L73 0.0t InUerest Expense 5, 935, 3 g5 2.4? Music and Entertainment 4 ,443 ,095 1. 9t Payroll Taxes 1,569 ,349 0.7t Payro}l - Employee Benefits ... t ,238 , 466 0.st Payroll - Officers ... t ,245 , 000 0.st Payroll - Other Employees 16 , 640 ,228 7 .0? Rent of Premises 394 ,094 o.2t Taxes - Real EsUatse 2 ,372 ,07L 1. 0? Taxes and Licenses - Other L, L78 ,446 0.st UtiliEies (Other than Energy Expense) L,409 ,728 0 .5t other General and Administrative Expenses LL,L75,795 4.72 TOTAL GENERAL AIID ADMINISTRATIVE EXPENSES 9L.704 .243 38.3t

NET INCOME(LOSS) BEFORE FEDERAL INCOME TAIGS AI.ID EXTRAORDINARY ITEMS . . . 37 649 905 1_5 . 7t

Average Revenue Upper Quartile Median Lower Quartile 39, 893, 1r-5 66,737 ,69]- 39,967 ,229 LL,7'73,64L COMBINED INCOME STATEMENT - DETATL 2-75 Fiscal Year 2015 EIko County - Wendover Area With Gaming Revenue of $1,000,000 and over Amounts Represent 5 Locations.

CASINO DEPARTMENT

REVENUE DOLLARS PERCENT Piu Revenue (Includes Keno and Bingo) ... 34,L5]- ,775 L9.9* Coin Operated Devices 133,422,575 77.7? Poker and Pan 2,L5L,253 1.3? Race Book 350,893 0.2* Sports Pool L, s99 ,573 0.9? 'J-7L.686 TOTAL REVENUE ,069 100.0?

DEPARTMENTAI EXPENSES Bad DebE Expense 27,968 0.0? Commissions 0 0.0t Complimentary Expense . 25 ,478 ,865 l-4 .8? Gaming Taxes and Licenses 14, 0L5, 385 8.22 Preferred Guest Elq)enses (no complimentaries) ... 0 0.0t Payroll Taxes 2 , OL2 ,572 L.2* Payroll - Employee Benefits ... L,557,677 0.9t Payroll - Officers ... 0 0.0t Payroll - Other Employees LL,t65 ,657 5.5? Race Wire Fees 98 ,37 6 0.1t Other Departmental Expenses 3, 848, 140 2.2* TOTAI DEPARTMENTAL EXPENSES 58 ,205 , 640 33.9t

DEPARTMENTAL INCOME (LOSS ) t_13 480 429 65. 1*

ROOMS DEPARTMENT

REVENUE DOLLARS PERCENT Room Sales ... 10, 603, 038 76.2* Complimentary Rooms ... 3 ,320 ,682 23.82 TOTAL REVENUE L3 . 923 .720 L00.0?

DEPARTMENTAL EXPENSES Bad Debt Expense 0 0.0? ComplimenLary Expense L24 ,738 0.9t Payroll - Taxes 558, 750 4.7? Payroll - Employee Benefits ... 426,739 3.0t Payroll - Offj-cers ... 0 0.0t Payroll - Other Employees 7,428,8]-5 53 .4t Other Departmental Expenses 2,995 ,499 2L.4* TOTAI, DEPARTMENTAT EXPENSES LL.624 .541 83. st

DEPARTMENTAI INCOME (LOSS) 299 L79 l-5 .5? 2-7 6 COMBfNED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 Elko County - Wendover Area With Gaming Revenue of $L,000,000 and over Amounts Represent 5 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... L6,059,278 55. 1? Complimentary Food Sales 12 ,542 ,723 43.9* TOTAT REVENT,'E 28 .602 . OOL 100.0t

COST OF SALES L4 ,L)O ,921 49 .3*

GROSS MARGIN 14,501,080 50.7?

DEPARTMENTAL EXPENSES Bad DebE Expense 0 0.0? Complimentary Expense L,075,957 3 .8? Payroll - Taxes 1, 051, 189 3 .7* Payroll - Employee Benefits ... 535,751 1.9* Payroll - Officers ... 0 0.0t Payroll - Other Employees L0, L84, 080 35. 5t Other Departmental ExPenses l-,559,580 5.5t TOTAL DEPARTMENTAL EXPENSES L4,406 ,557 50 .4*

DEPARTMENTAL INCOME (LOSS ) 94 523 0.3t

BEVERAGE DEPARTMENT REVENIIE DOI,LARS PERCENT Beverage Sales 2 , Lg6 ,0L2 L7.5* Compliment,ary Beverage Sales ... 1_0, 360, 846 82.52 TOTAL REVENUE l-2. 556. 858 100.0t

COST OF SALES 3,832,675 30.5?

GROSS MARGIN 8,724,L82 69.5?

DEPARTMENTAL EXPENSES Bad Debt Expense 0 0.0t Complimentary Expense . 290 0.0? Payroll - Taxes 356 ,474 2.8t Payroll - Employee Benefits ... 426 ,477 3 .4* Payroll - Officers ... 0 0.0t Payroll - other Employees L,984 ,002 1s .8t Other Departmental Expenses . 29L,592 2.3* TOTAL DEPARTMENTAL EXPENSES 3. 0s8.835 24.4t

DEPARTMENTAL INCOME (LOSS ) 66s 347 45.lt COMBINED INCOME STATEMENT - DETAIL (CONTINUED) 2-77

Fisca1 Year 2015 Elko CounEy - Wendover Area With Gaming Revenue of $L,ooo,ooo and over Amounts Represent 6 Locations.

OTHER INCOME REVENT'E DOLI,ARS PERCENT Other Operating and Non-operatj,ng Income 7 ,463,034 s9.3? Other Complimentary ltems ... 5 , L2'7 ,006 40.7t TOTAL REVENUE L2 ,590 ,040 100.0?

COST OF SALES 2,937 ,g0g 22.5t

GROSS TIARGIN 9,752,!32 77 .5*

DEPARTMENTAL EXPENSES Bad Debt Expense 0 0.0? Complimentary E>q)ense 920,293 7.3t Payroll - Taxes 76,276 0.6t Payroll - Employee Benefits ... 48,926 0.4t Payroll - Officers ... 0 0.0t Payroll - Other Employees 803, 951 6.4* Other Departmental Expenses 88, 016 O .7? TOTAL DEPARTMENTAL EXPENSES a,937,462 15.4*

DEPARTMENTAL INCOME (LOSS ) 814 670 62 -L*

.AVERAGE NUMBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 692 ROOMS DEPARTIVIENT ... 369 FOOD DEPARTMENT 588 BEVERAGE DEPARTMENT ... 154 G & A DEPARTMENT ... 492 OTHER DEPARTMENTS L06

TOTAI 2 ,4Ot 2-78 ROOM OCCUPANCY A}ID PER ROOM PER DAY A}IAIYSIS

Fiscal Year 2015 Elko County - Wendover Area With Gaming Revenue of $1,000,000 and over Arnounts Represent 5 Locations.

RATE OF ROOM OCCUPAIICY

EOF AVAJT,ARLE ROOMS OCCUPAI{CY MONTH ROOMS OCCUPIED (COMPUTED) ,JULY . 55 ,574 37,3L7 67 .L5* AUGUST 56,272 40 ,463 7L.9l.Z SEPTE[,IBER 64 ,2OO 45, 333 70.61* OCTOBER 55, 010 36,706 66.73* NOVEMBER 53 ,527 35,L44 65 .66* DECEMBER 64, 500 37 ,667 58 .40? .]ANUARY 55,2L8 35,982 65 . r.5t FEBRUARY 52 ,470 36, 539 59 .642 IVIARCH 62,72L 45, L50 7L .993 APRTL 54 ,166 36, L05 56 .66? MAY . 55 ,692 38 ,669 69 .43+ ,JLINE 64 ,393 44,L63 58.58?

TOTAL 693,743 469 238 67.642

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 72.80 Per Room Per Day 26.76

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day 284.34 Per Room Per Day 18.14 Average Food Sales Average Room Rate Per Room Per Day 50.95 Per Day 29.67 PER SQUARE FOOT AI{ALYSIS AIiID RATIOS 2-79 Fiscal Year 2015 Elko County - Wendover Area with Gaming Revenue of $l-,000,000 and over Amounts Represent 5 Locations.

GAIqING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAMING REVENT'E AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Includes Bingo and Keno) 5 5,348 1,278 Coin Operated Devices 6 26,L54 850 Poker and Pan 3 L,341 s35 Race and Sports 3 L,628 399

TOTAL CASINO 6 32,094 892

RATlOS PERCENT TOTAL CI'RRENT ASSETS TO TOTAL CI'RRENT LIABILITIES 475.9*

TOTAL CAPITAL TO TOTAL LIABILITIES 84.8t

TOTAL CAPITAL TO TOTAT CI'RRENT LIABILITIES 706.2t

TOTAI CI]RRENT LTABILITIES TO TOTAI LIABILITIES t2.o?

TOTAL COMPLIMENTARY EXPENSE TO GAI,IING REVENUE 19. 6?

MUSIC AND ENTERTAINMENT EXPENSES TO GAI"IING REvENt E 2.6*

TOTAL REVENUE TO AVERAGE TOTAL ASSETS 69.7t

TOTAL REVENUE LESS COMP SALES TO AVERAGE TOTAI ASSETS 50.6t

RETURN ON INVESTED EAPITAL* 13.9t

RETURN ON AVERAGE ASSETS* 1-2.72

* - FORMULAS Return on Invested Capital is egual to the total of net income (before federal income taxes and extraordinary items) and interests expense divided by the total of average total assets less average current liabilities. Return on Average Assetss is equal Eo the total of net income (before federal income uaxes and extraordinary items) and interest expense divided by the average total assets. 2-80

THIS PAGE LEFT INTENTIONALLY BI,ANK COI\4BINED BAIANCE SHEET 2-8L Fiscal Year 2015 Washoe County - Reno/Sparks With Gaming Revenue of $1,000,000 and over funounts Represent 26 Locations.

ASSETS CI]RRENT ASSETS DOLLARS PERCENT Cash . 130, 151, 548 7 .42 Receivables TOTAI ALLOWAI{CE Casino ]-0,23L,564 3 ,349 ,328 6 ,882 ,236 0 .4? Trade 8,L97,227 890, 355 7 ,306,872 o -4* Sundry I ,9L4,671 0 I ,9!4 ,67L 0.st Notes l-33, 333, 304 0 133,333,304 7 .6* Prepaid E),q)enses 24 ,526 ,696 t.4* Other Current Assets 83,736,784 4.8t TOTAL CI'RRENT ASSETS 394 .852 . L1,L 22.s2

FIXED ASSETS DEPRECIATION Land L56,930,449 ]-56,930,449 8.9t Land Improvements 6,505,357 3,733,237 2,872,L30 0.2* Buildings & Improvements L,292,985, 096 533, 1l_0, 819 759,874,277 43.2* Furniture & Equipment 780,489,983 6L4 ,3]-8 ,497 L65,L7L,486 9.5t Lease Improvements L3,572,984 6 ,295 , gg4 7,287,000 0.4t Construction in Progress 24,805,L89 24,805,]-89 L.4z TOTAL FIXED ASSETS LL1 .940 .53]- 63 .62

ASSETS 245 578 462 14.0t

ASSETS L,758,37L,L04 100.0t

L]ABILITIES AND CAPITAL CI,'RRENT LIABILITIES Accounts Payable - Trade 27 ,524,300 t.5z Accounts Payable - Other L9 ,822 ,27 9 1. l_? Current Portion of Long-Term Debt g, go3, 555 0.st Accrued Expenses 54,737 ,249 3.r-t other Current Liabilities 30 ,885 ,22L r_. 8t TOTAL CT'RRENT LIABILITIES 441.872 .605 8.1t

LONG-TERM DEBT TOTAL OWING CT'RRENT PORTION Mortgages 49,242,29L L,248,000 47 ,994,29L 2.7* Debentures & Bonds 208,725,427 0 208 ,725 ,427 r_1. 9t Notes L8L,526,620 5,039,187 L75,487,433 r_0 .0t Contracts 2,323,482 606,942 L,7]-6,540 0.r.t Other 4L7,85L,02L L,0O9,427 4L6 ,84]-,594 23.7* TOTAL LONG-TERM DEBT 859,558,841 8,903,555 850, 765, 285 48 .4* OTHER LIABILITIES 155, 320 , 351 8.8t TOTAL LIABILITIES L47 .958.24L 55.3?

CAPITAL Owners Capital Accounts 87,445,243 5.0t Capital stock & other capital 468,398,264 26.6* Retained Earnings 54,569,356 3.1-? TOTAI CAPTTAL 6L0,4L2,863 34.72

TOTAI LTABTLTTTES At{D CAPrrAr. 1,758 ,37]-,]-04 100.0t

Average Assets Upper Quartile Median Lower Quartile 67 ,629,658 77 ,6L9,360 L7 ,306,696 L,722 , Ll4 2-82 COMBINED INCOME STATEMENT - SUMMARY

Fiscal Year 2015 Washoe County - Reno/Sparks With Gaming Revenue of $1,000,000 and over Amounts RepresenE 26 Locations.

REVENUE DOLLARS PERCENT Gaming 674 ,953 ,91_1 5L.5t Rooms 233 ,336 ,697 l-7.8? Food . 223,347 ,632 l_7.0? Beverage 89, 808, 100 6 .9* Other 88, 865, l_20 5. 8? TOTAL REVENUE 3]-0 ,321,460 100 . 0?

COST OF SALES L37 ,75L,348 10.s?

GROSS I"IARGIN L,L72,570,aA2 89.5t

DEPARTMENTAL EXPENSES 663 , 483 ,7 48 50 . 6t

DEPARTMENTAL INCOME (LOSS) 509,086,364 38.9I

GENERAL AND ADMINISTRATIVE EXPENSES Advertising and Promotion 34,2L7 ,495 2 .62 Bad Debt Expense 9 ,5L9 0.0t Complimentary Expense (not reported in departments) ...... 31,338,258 2.4? Depreciation - Buildings 43 , 939 ,27 6 3 .4? Depreciation and Amortization - Other 4L,7L3 ,02'7 3.22 Energ:y Expense (electricity, 9ds, etc.) 32 ,539 ,480 2.s* Equipment Rental or Lease 1,694,232 0.1? Interest Expense 62 ,r..37 ,8L8 4.7t Music and Entertainment 7 ,692,458 0.6E Payroll Taxes 9 ,4L2 ,982 0.72 Payroll - Employee Benefits ... L5 ,454 , L66 1-.2* Payroll - Officers ... 3,937 ,897 0.3t Payroll - Other Employees 92 , 866 ,257 7 .L* Rent of Premises 10, 703, 458 0.8? Taxes - Real Estate L0 , 806 ,237 0.8? Taxes and Licenses - Other 3 ,939 ,356 0.3? Utsilities (Other than Energ"y Expense) g , g96 ,052 0.7* Other General and Administrative Expenses t2t,656 ,936 9.3? TOTAL GENERAL AI{D ADMINISTRATIVE EXPENSES s32 ,9s4 ,904 40.72

NET INCOME(LOSS) BEFORE F'EDERAL INCOME TAXES AND EXTRAORDINARY ITEMS . . . -23 858 540 -1.8t

Average Revenue Upper Quartile Median Lower Quarti-le 50 ,396 ,979 78, 503, 045 2L ,288 , 904 2 ,5L9 ,620 COMBINED INCOME STATEMENT - DETAIL 2-83 Fiscal Year 201-5 Washoe County - Reno/SParks With Gaming Revenue of $1-,000,000 and over Amounts Represent 26 Locations.

CASINO DEPARTMENT

REVENUE DOLLARS PERCENT -TlE-Eelrenue (rncludes Keno and Bingo) 115, 106, 690 L7 .t* Coin Operated Devices 536 ,7 6L , 684 79.5t Poker and Pan 7 ,LL6,786 r". r.8 Race Book g ,321,043 L.2Z Sports Pool 7,657,708 1. 1? TOTAL REVENUE 674,963,9]-1 l-00.0?

DEPARTMENTAI EXPENSES Bad Debt Expense L,628,60a O.2t Commissions 2,968,472 0.4? Complimentsary Elcpense 1-47 ,629 ,3]-7 2l .9* Gaming Taxes and Licenses 52,880,736 7 .et Preferred Guest Expenses (no complimentaries) ... l-,301-,821 0.2? Payroll Taxes L0 , 906, 031 l-. 6t Payroll - Employee Benefits ... l-l-, 5l-5, 898 l.'72 Payroll - Officers ... 0 0.08 Payroll - Other EmPIoYees 78,246,a00 11.5? Race Wire Fees 754,295 0.1t Other Departmental Elpenses 62 ,564 ,693 9 .3t TOTAI DEPARTMENTAI EXPENSES 370,505,964 54.9t

DEPARTMENTA], INCOME (LOSS ) 304 457 947 4s.18

ROOMS DEPARTMENT

REVENUE DOLI,ARS PERCENT Room Sales ... t72 ,666 ,3O7 74.02 Complimentary Rooms . . . 60 ,670 ,390 26 .02 TOTAL REVENI'E 233 ,336 , 697 100.0t

DEPARTMENTAI EXPENSES Bad Debt Expense 278 ,948 0.1t Complimentary Expense . 7,7OL,598 3.3t Payroll - Taxes 5 , 050 ,268 2.L* Payroll - Employee Benefits ... 6 ,546 ,295 2.82 Payroll - Officers ... 0 0.0t Payroll - Other Employees 48 ,352 , 055 20.7* Other Departmental Expenses 33, 360, 095 14.3? TOTAL DEPARTMENTAL EXPENSES 101, ,289 ,369 43 .42

DEPARTMENTAI INCOME (LOSS ) L32 , O47 ,328 56 .6* 2-84 COMBINED INCOME STATEMENT DEfAIL (CONTINUED)

Fiscal Year 2015 Washoe County - Reno,/Sparks With Gaming Revenue of $L,000,000 and over Amounts Represent 26 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... L58 ,845 ,722 7t.L* Complimentary Food Sales 64,531_,910 28.9? TOTAL REVENUE 223.347 ,532 100 . 0?

COST OF SAIES 93,438, 505 4l-. 8?

GROSS MARGIN L29,909,]-25 58.2*

DEPARTMENTAL EXPENSES Bad Debt Expense 2 ,490 0.0t Complimentary Expense . 3, 350, 084 1. st Payroll - Taxes 10, 357, 605 4 .62 Payroll - Employee Benefits ... L0 ,594 ,223 4.7* Payroll - officers ... 0 0.0t Payroll - Other Employees 85,7L7 ,978 38 .4? OEher Departmental Expenses 7-3 ,114 , 078 s. 9t TOTAI DEPARTMENTAL EXPENSES L23 .136 .448 55. L?

DEPARTMENTAL INCOME (LOSS) 772 678 3.0t

BEVERAGE DEPARTMENT REVENUE DOLLARS PERCENT Beverage Sales 37,0L7,L45 4l .23 Complimentary Beverage Sales ... 52,790,955 58.8? TOTAL REVENUE 89, 808, 100 l-oo . 0t

COST OF SALES 27 ,4L8,652 30.5?

GROSS }4ARGIN 62,389,448 59.5t

DEPARTMENTAL EXPENSES Bad Debt Elpense 0 0. ot Complimentary Expense 2 ,525 ,223 2.9* PayroII - Taxes 2,732,957 3.0* Payroll - Employee Benefits ... 2,755,7.79 3.].t Payroll - Officers ... 0 0.0t Payroll - Other Employees ]-7,920,838 20 .0* Other Departmental Expenses 6 ,r..60 , L23 6.9t TOTAI DEPARTMENTAI EXPENSES 32 . L94 .220 35.8?

DEPARTMENTAI INCOME (LOSS ) 30 195 228 33.6? COMBINED INCOME STATEMENT - DETAIL (CONTINUED) 2-8s

Fiscal Year 2015 Washoe County - Reno,/Sparks With Gaming Revenue of $1-,000,000 and over Amounts Represent 26 Locations.

OTHER INCOME REVENUE DOLLARS PERCENT Other Operating and Non-operating Income 73,785,399 83.0? Other Complimentary Items ... L5,079,72L L7 .Ot TOTAI REVENI'E 88.865. 120 L00.0t

COST OF SAIES L6 ,894 , L90 19. 0t

GROSS IUARGIN '7L, 97 O , 930 81 . 0t

DEPARTMENTAL EXPENSES Bad Debt E>q)ense 1-0,977 0.0t Complimentary Expense 2,904,295 3.3t Payroll - Taxes 1 ,967 ,548 2.2* Payroll - Employee Benefits ... . L,805,324 2.02 Payroll - Officers ... 2,523 0.0? Payroll - Other Employees 15,492,427 L7.4+ Other Departmental Expenses 14,174,653 16.0t TOTAI DEPARTMENTAL EXPENSES 36 ,357 ,'74'7 40 . 9?

DEPARTI4ENTAL TNCOME (LOSS) 35, 6l-3, 183 40 . 1t

AVERAGE NUMBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 3, 334 ROOMS DEPARTMENT ... 2 ,6L2 FOOD DEPARTMENT 4 ,424 BEVERAGE DEPARTMENT ... L,470 G & A DEPARTMENT ... 2,694 OTHER DEPARTMENTS 9L4

TOTAI t5 ,448 2 -86 ROOM OCCUPANCY AI{D PER ROOM PER DAY ANALYSIS

Fiscal Year 201-5 Washoe County - Reno/Sparks With Gaming Revenue of $L,000,000 and over Arnounts Represent 26 Locations.

RATE OF ROOM OCCUPAIiICY

*oF AVAILABLE ROOMS OCCUPATiICY MONTH ROOMS OCCUPIED (COMPUTED) ,JULY . 372,736 295,67L 79 -32* AUGUST 372 ,4]-4 293 ,721 78.87* SEPTE}IBER 37 5 ,224 277,L35 73.85* OCTOBER 371, 405 247,987 66.74* NOVEMBER 361,483 2L4,284 59.28? DECEMBER 384 ,439 233,5L6 60.74t ,]A}TUARY 37L,693 223,720 60. r_9t FEBRUARY 337,893 2L8 ,8L2 64.76* MARCH 380, 055 243 ,360 54.03t APRIL 358, 180 24O ,487 67 .L4* MAY . 358,588 262,092 71. l-l_t .TUNE 370.401_ 27s,214 74.30t

TOTAL 424 521 025 896 68.39?

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 38.04 Per Room Per Day 29 .68

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day L77 .39 Per Room Per Day l_9.81 Average Food Sales Average Room Rate Per Room Per Day 73.81 Per Day 77 .LL PER SQUARE FOOT A}IALYSIS A}TD RATTOS 2-87 Fiscal Year 2015 Washoe County - Reno,/SParks With Gaming Revenue of $1-,000,000 and over Amounts Represent 26 LocaEions.

GAI\,IING REVENI'E PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAMING REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (lncludes Bingo and Keno) t7 7,279 930 Coin Operated Devices 23 27,716 842 Poker and Pan L0 L, 855 382 Race and Sports 9 4, 008 443

TOTAL CASINO 26 3L,382 827

RATIOS PERCENT TOTAL CI'RRENT ASSETS TO TOTAL CI'RRENT LIABII,ITIES .. 278.3*

TOTAL CAPITAL TO TOTAL LIABILITIES s3.22

TOTAI CAPITAL TO TOTAL CT'RRENT LIABILITIES 430.3?

TOTAI, CURRENT LfABILITIES TO TOTAL LIABILITIES L2.4*

TOTAL COMPLIMENTARY EXPENSE TO GAI,IING REVENUE 29 .0*

MUSIC AND ENTERTAINMENT EXPENSES TO GAI,IING REVENI,E 1-.1?

TOTAL REVENUE TO AVERAGE TOTAI ASSETS 78.]_t

TOTAL REVENUE LESS COMP SALES TO AVERAGE TOTAI ASSETS 66.6*

RETI'RN ON TNYESTED CAPITAI,* 2.4*

RETI'RN ON AVERAGE ASSETS* 2.3*

* - FORMUI,AS Return on InvesEed Capital is egual to the total of net income (before federal income Eaxes and extraordinary items) and interest expense divided by the total of average total assets less average current }iabilities. Return on Average Assets is equal to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the average total assets. 2-88

THIS PAGE LEFT INTENTTONALLY BLANK COMBINED BALANCE SHEET 2.89 Fiscal Year 20L5 Washoe County - Reno/Sparks with Gaming Revenue of $1,000,000 to $12,000,000 Arnounts Represent 12 Locations.

ASSETS CURRENT ASSETS DOLI,ARS PERCENT Cash . 14,839,833 29.7+ Receivables TOTAL ALLOWA}ICE Casino L70,444 87,254 83, 190 0.2* Trade L84,L02 0 L84 , LO2 0 .4* Sundry 60, 305 0 50,306 0.r.t Notes 499 0 499 0.0t Prepaid Expenses L, LLO ,227 2.2? Other Current Assets 367,485 0.7t TOTAL CI'RRENT ASSETS L6 .645.642 33.3?

FIXED ASSETS cosr DEPRECIATION Land 3,7L0,647 3 ,'7aO ,647 7 .42 Land Improvements 5,7L5 0 5, 715 0.0t Buildings & fmprovements 24 ,882 ,998 al, L34 ,257 L3,749,'.|4L 27.5t Furniture & Equipment 33 ,97L,642 25,L88,073 8,783,569 t7.6* Lease Improvements 2 ,4L9 ,632 362 , L47 2 ,057 ,485 4.1* Constnrction in Progress 448 ,268 448 ,258 0.9? TOTAL FIXED ASSETS 28.'754.425 57 .s*

OTHER ASSETS 572 441 9. r-t

TOTAL ASSETS 49 972 s08 r-00.0t

LIABILITIES AI{D CAPITAL CURRENT LIABILITIES Accounts Payable - Trade 825,403 L.7* Accounts Payable - Otsher 154 ,27 0 0.3t Current Portion of Long-Term Debt 7L5,244 1, .42 Accrued Expenses 4 ,94L,007- 9.9* Other Current Liabilities 7,L47,L61 14.3? TOTAL CI'RRENT LIABILITIES 13.783.079 27.6*

LONG-TERM DEBT TOTAL OWING CT]RRENT PORTION Mortgages 0 0 0 0.0? Debentures & Bonds 0 0 0 0.0? Notes L3 , 710, 055 705, 688 L3,004,377 26.0* ConUracts 9 ,556 9 ,556 0 0.0? OEher 62,000 0 52,000 0.1t TOTAL LONG-TERM DEBT L3 ,78.J..,62L 715,244 t3 ,066 ,377 26 .L+ OTHER LIABILITIES 22,695,646 45.4* TOTAI LIABILITIES 49 .545 . LO2 99.at

CAPITAL Owners Capital Accounts 40 ,606 ,62L 81.3t CapiEal Stock & other Capital 2 ,60g ,654 5.2* ReEained Earnings -42,787,969 -85.5? TOTAI CAPITAL 427 ,406 0.9t

TOTAL LrABrr.lTrES AND CAPrrAr 49,972,508 1-00.0t

Average Assets Upper Quartile Median Lower Quartile 4,L64,376 6 , g97 ,460 L,640 ,974 L,283 , OO9 2-90 COII{BINED INCOME STATEMENT - SUMIVIARY

Fiscal Year 20L5 Washoe County - Reno/Sparks With Gaming Revenue of $1-, 000 , 000 to $l-2 , 000 , 000 Amounts Represent 12 Locations.

REVENUE DOLLARS PERCENT Gamj-ng 43,376,854 71. 8t Rooms 5,352,802 8.9t Food . 5 ,24L,23L 8.7? Beverage 3,803,657 5.3t Other 2,598,708 4.3t TOTAL REVENITE 60,373,272 100.0?

COST OF SALES s, 091, 87s 8 .4t

GROSS I,IARGIN 55 ,28]- ,397 9l- . 6?

DEPARTMENTAL EXPENSES 31,0L4,4l-0 5L.48

DEPARTMENTAL INCOME (LOSS) 24 266 987 40.22

GENERAL A}TD ADMINISTRATIVE EXPENSES Advertising and Promotion 2 ,733 , 923 4 .5? Bad Debt Expense 7,956 0.0? Complimentary Expense (not reported in departments) ...... 455,26L 0.8E Depreciation - Buildings 293,276 0 .5? Depreciation and Amort,ization - Other L,'.l58 ,036 2.92 Energy Expense (electricity, 9BS, etc.) l_, 832, 851 3 .0t Eguipment Rental or Lease 43 ,907 0.r_t Interest Expense 2 ,402 ,908 4 .0t Music and Entertainment 37,029 0. r-t Payroll Taxes 6L6 ,857 1. 0t Payroll - Employee Benefits ... 85L ,7 82 r_.4t Payroll - Officers ... 1,235 ,948 2 .0t Payroll - Other Employees 5,857 ,934 9.7* Rent of Premises 4 ,723 , 632 7.8t Taxes - Real Estate 360, 589 0.6t Taxes and Licenses - Other 369 ,851- 0.6t Utilities (Other than Energy Expense) 334, 000 0.6t Other General and AdminisE,rative Expenses 4 ,595 ,7 00 7 .6* TOTAL GENERAL AND ADMINISTRATIVE EXPENSES 28 .52t.3s0 47 .22

NET INCOME (LOSS) BEFORE FEDERAL INCOME TN(ES AIVD EXTRAORDINARY ITEMS . . . -4 254 363 -7.08

Average Revenue Upper Quartile Median Lower Quartile 5,031, Lo5 6,'.|84,2L7 2 ,502 ,762 1,956 ,577 COMBINED INCOME STATEMENT - DETAIL 2-9L Fiscal Year 2015 Washoe County - Reno/Sparks With Gaming Revenue of $L,000,000 to $l-2,000,000 Amounts Represent L2 Locations.

CASINO DEPARTMENT

REVENUE DOLI,ARS PERCENT Pit Revenue (Includes Keno and Bingo) 2 ,395 ,424 s. st Coin Operated Devices 34, 540, 361 79.6* Poker and Pan 220,757 0.st Race Book 5,L74,563 LL. 9t Sports Pool L,045 ,759 2.4* TOTAL REVENUE 43.375,864 r.00.0t

DEPARTMENTAL EXPENSES Bad DebE Expense 0 0.0t Commissions .. L,525 ,9LL 3.st Complimentary E>cpense 2,694,479 6.2* Gaming Taxes and Licenses 3,744,638 8.6t Preferred Guest Elq)enses (no complimentaries) 2L9,200 0.st Payroll Taxes 54L,302 L.2t Payroll - Employee Benefits ... 454 ,786 r_.0t Payroll - Officers ... 0 0.0t Payroll - other Employees 4,798,338 r_1.0t Race Wire Fees 33L ,290 0.8t Other Departmental Expenses 4,507 ,054 L0 .4t TOTAI DEPARTMENTAI EXPENSES 18.805. 998 43.42

DEPARTMENTAT INCOME (LOSS) 24,569,866 56.6t

ROOMS DEPARTMENT

REVENUE DOLLARS PERCENT Room Sales ... 4,498,369 84.0t Complimentary Rooms ... 854,433 L5.0t TOTAI REVENUE 5,352,802 l-00.0t

DEPARTMENTAL EXPENSES Bad Debt Expense 18 ,547 0.3t ComplimenLary Expense 2t,258 0 .4t Payroll - Taxes 81, 302 1.5? Payroll - Employee Benefits ... 56 ,862 1. 0+ Payroll - officers ... 0 0.0t Payroll - Other Employees 723 ,8L8 13.5t Other Departmental Expenses L,867,L72 34.9? TOTA], DEPARTMENTAL EXPENSES 2.76e.959 5L.7t

DEPARTMENTAI INCOME (LOSS ) 583 843 48.3t 2-92 COI\IIBINED INCOME STATEMENT - DETATL (CONTINUED)

Fiscal Year 201-5 Washoe County - Reno/Sparks with Gaming Revenue of $l-,000,000 to $12,000,000 Amounts Represent 12 Locations.

FOOD DEPARTMENT REVENUE DOLI,ARS PERCENT Food Sales ... 4 ,255 ,487 8L.2t Complimentary Food Sales 985,744 18.8t TOTAL REVENUE 5 .24L.23L l-00.0?

COST OF SALES 2 ,622 , L56 50 . 0?

GROSS I,IARGIN 2 ,6]-9 ,075 50 . 0t

DEPARTMENTAL EXPENSES Bad Debt Expense 0 0.0? Complimentary Eq)ense 37,0]-7 0 .7? Payroll - Taxes 334 ,9t9 6 .4* Payro}l - Employee Benefits ... 260,709 5.0? Payroll - Officers ... 0 0.0t Payroll - Other Employees 2 ,94L,404 54.2* Other Departmental E>cpenses 5l_0, 859 9.7? TOTAL DEPARTMENTAI EXPENSES 3.984.908 76.0*

DEPARTMENTAI INCOME (LOSS ) -1 365, 833 -26 -L*

BEVERAGE DEPARTMENT REVENUE DOLLARS PERCENT Beverage Sales 856, 785 22.5* Complimentary Beverage sal-es ... 2 ,946 , gg2 77 .5* TOTAL REVENUE 3 ,803 ,667 t_00.0?

COST OF SALES L,532,758 40.3t

GROSS TIARGIN 2,270,899 59.72

PEPARTMENru EXPENSES Bad Debt Expense 0 0.0t Complimentary Expense . 348 ,999 9 .2? Payroll - Taxes ]-23 ,802 3.3? Payroll - Employee Benefits ... 98 , 311_ 2.6* Payroll - Officers ... 0 0.0t PayroII - Other Employees L, OO9 ,974 26.6* Other Departmental Expenses 357,938 9 .4* TOTAL DEPARTMENTAL EXPENSES L,939 ,024 5l_.0t

DEPARTMENTAL INCOME (LOSS ) 331 875 8.7* COMBINED INCOME STATEMENT - DETAIL (CONTINUED) 2-93

Fiscal Year 2015 Washoe County - Reno/Sparks With Gaming Revenue of $1,000,000 to $12,000,000 funounEs Represent 12 Locations.

OTHER TNCOME REVENUE DOLLARS PERCENT Other Operating and Non-operating fncome 2,487 ,809 95.7* Other ComplimenEary Items ... 110,899 4.3* TOTA], REVENUE 2 .598 .708 100.0t

COST OF SALES 936 ,95]- 36 . l-?

GROSS MARGIN L,66L,757 53.9?

DEPARTMENTAL EXPENSES Bad Debt Expense 0 0.0t Complimentary Expense 2,087,728 80.3t Payroll - Taxes 87 ,442 3.4? Payroll - Employee Benefits ... 52 ,686 2.0* Payroll - Officers ... 2,523 0.1? Payroll - Other Employees 8t2,848 31.3t Other Departmental Expenses 47L,294 l-8 . l-t TOTAL DEPARTMENTAL EXPENSES 3,5a4,52L L35.2*

DEPARTMENTAI INCOME (LOSS) -l- 852 764 -71_. 3*

AVERAGE NI]MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 280 ROOMS DEPARTMENT ... 4L FOOD DEPARTMENT 'J,75 BEVERAGE DEPARTMENT ... 93 G & A DEPARTMENT ... 204 OTHER DEPARTMENTS 24

TOTAL 817 2-94 ROOM OCCUPA}ICY AND PER ROOM PER DAY AI{ALYSIS

Fiscal Year 2015 Washoe County - Reno/Sparks With Gaming Revenue of $1,000,000 Uo $l-2,000,000 funounts RepreeenE 12 Locations.

RATE OF ROOM OCCUPAI.ICY

toF AVAIT.ARLE ROOMS OCCUPAITCY MONTH ROOMS OCCUPIED (COMPUTED) .]ULY . 8, 835 6 ,722 76.08? AUGUST 8, 835 6 ,894 78.03t SEPTEMBER 8, 550 4 ,499 52.62* OCTOBER 8, 835 5,769 55.30t NOVEMBER 8, 550 5, 011 s8.618 DECEIVIBER g, 835 5 ,324 60.26t .]ANUARY 8, 835 5, 485 62.08* FEBRUARY 7 ,980 5 ,320 66.67* MARCH g, 835 5, 83L 66.008 APRIL 8, 550 5, 851 68 .43t MAY . 8, 835 6,244 70 - 67* ,JUNE . 8.550 6 ,239 72.97?

TOTAI l_04 025 69 , L89 65. s1t

PER ROOM PER DAY STATISTICS

Average Pi-t Revenue Average Beverage Sales Per Room Per Day 34 .62 Per Room Per Day 54.98

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day 499.22 Per Room Per Day L2.46 Average Food Sales Average Room Rate Per Room Per Day 75.75 Per Day 77 .36 PER SQUARE FOOT ANAIYSIS AI{D RATIOS 2-95 Fiscal Year 2015 Washoe county - Reno,/Sparks with Gaming Revenue of $l-,000,000 to $12,000,000

Arnounts Represent 1-2 Locations.

GAMING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAIVIING REVENI'E AREA OPER,ATING IN SQUARE FEET PER SQUARE FOOT

Pit.(Includes Bingo and Keno) 4 l_, 3 88 432 Coin Operated Devices 9 I ,824 435 Poker and Pan 1 1s0 L,472 Race and Sports 3 6, 801 305

TOTAL CASINO L2 I ,793 4t]-.

RATIOS PERCENT TOTAL CT'RRENT ASSETS TO TOTAL CI]RRENT LIABILITIES t-20.8?

TOTAI CAPITAI TO TOTAI LIABILITIES 0.9?

TOTAL CAPITAL TO TOTAL CURRENT LIABILITIES 3.lt

TOTAL CURRENT LIABILITTES TO TOTAI LIABILITIES 27 .82

TOTAI COMPLIMENTARY EXPENSE TO GAIVIING REVENUE 13.0?

MUSIC AND ENTERTAINMENT EXPENSES TO GAIVIING REVENI'E 0. 1_B

TOTAL REVENT'E TO AVERAGE TOTAL ASSETS 118 . 9t

TOTAL REVENUE LESS COMP SAIES TO AVERAGE TOTAL ASSETS l-09.3t

RETURN ON INVESTED CAPITAL* -5.8?

RETI'RN ON AVERAGE ASSETS* -3.68

* - FORMUI,AS Return on Invested Capitat is egual to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the total of average total assets less average current liabilities. Return on Average Assets is equal to the total of net income (before federal income taxes and extraordinary it,ems) and interest expense divided by the average total assets. 2-96

THIS PAGE LEFT INTENTIONAILY BLANK COMBINED BALANCE SHEET 2-97 Fiscal Year 2015 Washoe County - Reno/Sparks With Gaming Revenue of $L2,000,000 to $35,000,000 Amounts Represent 7 Locations.

ASSETS CI,,RRENT ASSETS DOLLARS PERCENT Cash . 40,353,204 r.0 .6t Receivables TOTAI ALLOWANCE Casino 634,764 65,4]-5 569,349 0.r-t Trade 1, 505, 051 L50, 9L8 l-,354,l-33 0 .4t Sundry 0 0 0 0.0t Notes 133,332,805 0 l_33,332,805 34 .93 Prepaid Expenses 6,709,697 1. 8t Other Current Assets 5,577 ,639 r.. 5t TOTAL CI'RRENT ASSETS L87.895.827 49.22

FIXED ASSETS DEPRECIATION Land 36 ,461,496 36 ,461,496 9.5? Land Improvements 221,822 L35,266 86, 555 0.03 Buildings & fmprovements 58 ,942 ,532 24 ,534 ,286 44 ,408 ,246 t-t-. 6? FurniEure & Equipment 90 ,305 ,074 62 ,328 ,208 27 ,976,866 7 .3* Lease Improvements 7 ,L94,290 3 ,286 , 9L8 3 ,90'7 ,372 r_. 0t Construction in Progress 4 ,443 ,462 4 ,443 , L62 L.2* TOTAL FTXED ASSETS LL1 ,283 ,698 30.7t

OTHER ASSETS 76 ,897 ,55'7 20 .lt

TOTAI ASSETS 382,078 ,082 L00 . 0t

LIABILITIES AND CAPITAL CI,'RRENT LIABILITIES Accounts Payable - Trade 5,926 ,630 1. 6t Accounts Payable - Other l-,035,091 0.3t Current Portion of Long-Term Debt 653,357 0.2* Accrued Expenses L3,444,728 3 .5? Other Current Liabilities 6 , 042 ,325 1. 5? TOTAL CURRENT LIABILITIES 27 .1"02 .1,31 7 .L*

LONG-TERM DEBT TOTAL OWING CIJRRENT PORTION Mortgages 26 ,426 ,29], 0 26,426,29L 6.9? Debentures & Bonds 25 ,725 ,42'l 0 25,725,427 6.7+ Notes 2L,'734 , L47 3L,279 2L,702,868 5.7? Contracts 2,3]-3 ,926 597,386 L,7L6,540 0.4? Other 24 ,692 24,692 0 0.0? TOTAL LONG-TERM DEBT 76,224,483 5s3,3s7 75,57L,]-26 19.8? OTHER LIABILITIES 950,370 0.2* TOTAI LIABILITIES 103 623 .627 27 .Lt

CAPITAL Owners capital Accounts L22 ,023 ,396 31.9t Capital Stock & Other Capital 2L3 ,925 ,380 s5.0t Retained Earnings -57 ,494,32L -l-5.0t TOTAL CAPITAL 278 .454 .455 72.9t

TOTAL LIABILITIES AI{D CAPTTAL 382 078 082 100.0?

Average Assets Upper Quartile Median Lower Quartile 54 ,582 ,583 77 ,6L9,360 24 ,429 , L44 20 ,009 ,456 2-98 COMBINED INCOME STATEMENT - SUMMARY

Fisca1 Year 201-5 Washoe County - Reno/Sparks With Gaming Revenue of $12,000,000 to $35,000,000 Arnount,s Represent 7 Locations.

REVENT'E DOLLARS PERCENT Gaming ]-52 ,360 ,864 53 .8t Rooms 46,5L2,L56 15. st Food . 43 ,222 , 477 15.38 Beverage L4 ,556 ,369 5 .1? Other 26,228,734 9.3? TOTAL REVENUE 282,980 ,600 t_00 .0*

COST OF SAIES 3l ,760,225 LL.2*

GROSS I4ARGIN 25L,220,375 88.8?

DEPARTMENTAL EXPENSES L47,485,8L8 52.L*

DEPARTMENTAL INCOME (LOSS) l_03 734 557 36.7*

GENERAL AND ADMINISTRATIVE EXPENSES Advertising and Promotion L0,254,9L5 3.6t Bad Debt Expense 0 0.0? Complimentary Expense (not reported in departments) ...... 2, 018, 558 0 . 7t Depreciation - Buildings 4,732,594 L.7* Depreciation and Amortization - other 6,521,762 2.3t Energy Expense (electricity, 9as, etc.) 7 , 408 ,355 2 .6t Equipment Rental or Lease 4L4 ,3L7 0 .1? Interest Expense I ,844 ,8L6 3 .1t Music and Entertainment L,612 ,437 0 .6? Payroll Taxes 2,t29,L73 0 .8? Payroll - Employee Benefits ... 6,]-36,506 2.2* Payroll - Officers ... 256 ,328 0.1& Payroll - Other Employees 22 ,508 ,37 9 8.08 Rent of Premises 90L,705 0.3t Taxes - ReaI Estate L,409 ,325 0.5? Taxes and Licenses - Other L,905 ,926 0.7? Utilitsies (Other than Energy Expense) L,945 ,47 6 0.7* Other General and Administrative Expenses 20,]-49,283 7 .Lz TOTAL GENERAL AND ADMINISTRATIVE EXPENSES 99 .048 .965 35.0t

NET INCOME(LOSS) BEFORE FEDERAL INCOME TA]GS AI{D EXTRAORDINARY ITEMS . . . 585 592 t.7*

Average Revenue Upper Quartile Median Lower Quartile 40 ,425 ,800 74 ,542 ,092 27,872,862 23 ,989 , L98 COMBINED INCOME STATEMENT - DETAII. 2-99 Fiscal Year 20L5 Washoe County - Reno/Sparks With Gaming Revenue of $l-2,000,000 to $35,000,000 Amounts Represent 7 Locations.

CASINO DEPARTMENT

REVENUE DOLLARS PERCENT Pit, Revenue (Includes Keno and Bingo) 20,094,t50 L3.2t Coin Operated Devices 1-30 , 02O ,257 85.3t Poker and Pan 594 ,448 0.st Race Book 363 ,47O 0.2? Sports Pool 1, l_88, 539 0 .8t TOTAL REVENUE L52 ,360 ,864 100.0?

DEPARTMENTAI EXPENSES Bad Debt Elq)ense 85,7'79 0.1t Commissions 1,075 ,343 0.7t Complj-mentary Elpense 24,992 ,456 1-6 .4* Gaming Taxes and Licenses 1_l ,523 ,587 7 .6* Preferred Guest Expenses (no complimentaries) ... 745 ,594 0 .5? Payroll Taxes 2 ,592 , 607 L.7* Payroll - Employee Benefits ... 2 ,476 ,568 1.6t Payroll - Officers ... 0 0.0t Payroll - Other Employees 2L ,388 ,237 14.0t Race Wire Fees 58 ,434 0.0t Other Departmental Expenses 15,7L2,52'7 10.3? TOTAT DEPARTMENTAI EXPENSES 80 .661.232 52.9t

DEPARTMENTAL INCO}4E (LOSS ) 7L 699 632 47 .LZ

ROOMS DEPARTMENT

REVENI'E DOLLARS PERCENT Room Sales ... 40 ,492 ,]-21- 86 .92 Complimentary Rooms ... 6 ,120 , 035 r_3 . l-t TOTAI REVENI'E 46 .6]-2 .156 100.0t

DEPARTMENTAL EXPENSES Bad Debt Expense 86, 983 0.2* Complimentary Elpense 832 ,874 1.8? Payroll - Taxes 1- ,295 ,326 2.7* Payroll - Employee Benefits ... 2 , O22 ,582 4.32 Payroll - officers ... 0 0.0t Payroll - OEher Employees 13,256,224 28.4t OEher Departmental Expenses 8, 169, 586 r.7.5t TOTAL DEPARTT,IENTAI EXPENSES 2s .6s3 .575 55.0?

DEPARTMENTAL INCOME (LOSS) 20 958 581_ 45.0? 2-LOo COMBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 Washoe County - Reno/Sparks With Gaming Revenue of $12,000,000 to $36,000,000 Arnounts RepresenE 7 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... 33,736,549 78.1? Complimentary Food Sales g ,495 ,928 2L.9* TOTAL REVENUE 43 .222 . 47 7 100.0t

COST OF SALES 20,630,046 47 .7*

GROSS I,IARGIN 22,592,43]- 52.32

DEPARTMENTAI EXPENSES Bad Debt Expense 0 0.0? Complimentary Expense !,]-37,L97 2.5* Payroll - Taxes 2,347 ,728 5.4? Payroll - Employee Benefits ... 2,972,577 6 .6* Payroll - Officers ... 0 0 .0? Payroll - other Employees L9,900,834 46.02 Other Departmental Expenses L,405 ,9L5 3 .3t TOTAL DEPARTMENTAI EXPENSES 27 .564 .25]- 64.0?

DEPARTMENTAL INCOME (LOSS) -5 071, 820 -LL.7t

BEVERAGE DEPARTMENT REVENI'E DOLLARS PERCENT Beverage Sales 4, 353, 353 30.08 Complimentary Beverage Sales ... 10, 193, 015 70.0t TOTAI REVENUE L4 .556 .369 l-00.0?

COST OF SALES 5,836,297 40.1t

GROSS MARGIN 8,720,072 59. 9?

DEPARTMENTA], EXPENSES Bad Debt Expense 0 0.0? ComplimenUary Expense L24 ,867 0.9t Payroll - Taxes 598 ,549 4. r_t Payroll - Employee Benefits ... 675 ,329 4 .6t Payroll - Officers ... 0 0.0? Payroll - Other Employees 3 ,662 ,335 25.22 Other Departmental E>q)enses 531,630 3.7* TOTAL DEPARTMENTAL EXPENSES 5.592.740 38 .4?

DEPARTMENTAL INCOME (LOSS ) 3,L27 362 21-.5* COI\4B]NED INCOI\'IE STATEMENT - DETAIL (CONTINUED) 2-tol

Fiscal Year 2015 Washoe CounEy - Reno,/Sparks with Gaming Revenue of $L2,000,000 to $36,000,000 Amounts Represent 7 Locations.

OTHER TNCOME REVENTJE DOLI,ARS PERCENT Other Operating and Non-operating Income 24,740,230 94.3* Other Complimentary ltems ... 1,488,504 5.7* TOTAL REVENUE 26,228,734 r-00.0?

COST OF SALES 5,293,882 20.2*

GROSS MARGIN 20 ,934 ,852 79.8*

DEPARTMENTAL EXPENSES Bad Debt Expense 54 0.0? Complimentary Elq)ense L24 ,849 0.st Payroll - Taxes 4L9,26L 1. 6B Payroll - Employee Benefits ... 47L,460 l_. 8? Payroll - officers ... 0 0.0t Payroll - Other Employees 4 ,228 ,880 16. 1? Other Departmental Expenses 2 ,669 ,546 LO.2t TOTAI. DEPARTMENTA], EXPENSES 7 .914.050 30.2?

DEPARTMENTAL INCOME (LOSS) 1_3 o20 802 49 -6*

AVERAGE NI]MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 897 ROOMS DEPARTMENT ... 544 FOOD DEPARTMENT 1, 059 BEVERAGE DEPARTMENT ... 313 G&A DEPARTMENT... 676 OTHER DEPARTMENTS L79

TOTAI 3 ,778 2-102 ROOM OCCUPAIiTCY AI{D PER ROOM PER DAY AIIA],YSIS Fiscal Year 2015 Washoe County - Reno/SParks with Gaming Revenue of $12,000,000 to $35,000,000 Arnounts Represent 7 Locations.

RATE OF ROOM OCCUPANCY

toF AVAIT,ARLE ROOMS OCCUPAI{CY ROOMS OCCUPIED (COMPUTED) ,JI,LY . L2L,2L8 83, 948 69.2s2 AUGUST t2o ,892 86 ,544 7L.56* SEPTEMBER LL6, 93L 7]-,040 60.75* OCTOBER 120 ,60\ 62,LAL s1.53t NOVEIVIBER 116, 453 53,807 46.20* DECEMBER t20,757 60 ,716 s0.28t .,AIVUARY 1-20 ,26L 56 ,5L7 47 .00* FEBRUARY 105, 104 52 ,928 s0.36t TIARCH LL6,L99 57,202 49.23* APRIL 1l_3,140 59 ,729 s2.79* MAY . 1-1-7 , O4L 68 ,965 s8.92* r_13, 051 68 ,299 50.4r-t 'JI]NE TOTAI 40L 648 781 807 55.78?

PER ROOM PER DAY STATISTTCS

Average Pit Revenue Average Beverage Sales Per Room Per Day 25.70 Per Room Per Day L8.62

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day r_66.31 Per Room Per Day 2]-.'t 9 Average Food Sales Average Room Rate Per Room Per Day 55.29 Per Day 59 .62 PER SQUARE FOOT ANALYSIS AIID RATIOS 2-103 Fiscal Year 201-5 Washoe County - Reno/Sparks With Gaming Revenue of $1-2,000,000 to $36,000,000 Amounts Represent 7 Locations.

GAT|IING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAI'IING REVENT,E AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

PiE (Includes Bingo and Keno) 6 5 ,327 629 Coin Operated Devices 7 3L,493 590 Poker and Pan 4 788 220 Race and Sports l_ l-,000 t ,552

TOTAL CASINO 7 36 ,652 594

RATTOS PERCENT TOTAI CI'RRENT ASSETS TO TOTAL CI'RRENT LIABILITIES 693.3t

TOTAI CAPITAL TO TOTAL LIABfLITIES 268.7?

TOTAL CAPTTAL TO TOTA], CI]RRENT LIABILITIES LO27 .4t

TOTAI CT'RRENT LIABILTTIES TO TOTAI LIABILITIES 26.2t

TOTAL EOMPLIMENTARY EXPENSE TO GAI,IING REVENUE L9.2*

MUSTC A}ID ENTERTAINMENT EXPENSES TO GAI,IING REVENUE t-. l-?

TOTAL REVENI'E TO AVERAGE TOTAL ASSETS 92 .62

TOTAL REVENUE LESS COMP SAIES TO AVERAGE TOTAL ASSETS 83.7?

RETURN ON INYESTED CAPITA],* 4.L?

RETI,'RN ON AVERAGE ASSETS* 4 .4*

* - FORMULAS Return on Invested Capital is egual to the total- of net income (before federal income taxes and extraordinary items) and int,erest expense divided by the total of average total assets less average currenE liabilities. Return on Average Assets is equal to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the average total assets. 2-LO4

THIS PAGE LEFT INTENTIONALLY BLANK COMBINED BALANCE SHEET 2-]-05 Fiscal Year 201-5 Washoe CounEy - Reno/Sparks With Gaming Revenue of $36,000,000 and over Amounts Represent 7 Locations.

ASSETS CI'RRENT ASSETS DOLI,ARS PERCENT Cash . 74 ,958 ,sLL 5.7* Receivables ALLOWANCE Casino 9 ,426 ,356 3 , Lg6 ,559 6 ,229 , 697 0.st Trade 6,5O9,074 739 ,437 5 ,759 ,537 0 .4t Sundry 9,954,365 0 8, 954, 365 0.7* Notes 0 0 0 0.0t Prepaid Expenses 16,706,772 1.3t Other Current Assets 77,791,660 s.9t TOTAL CURRENT ASSETS L90 .309 .642 14.3?

FIXED ASSETS DEPRECIATION Land l_16,758,305 l-16, 758, 305 I .88 Land Improvements 6,377 ,830 3,597 ,g7L 2,779 ,859 O .23 Buildings & Improvements L,1-99,1-59,566 497 ,442,276 70L,717,290 52.9t Furniture & Equipment 655 ,2]-3 ,267 526 ,802 ,2L6 l29,4Lt,OsL 9.8? Lease Improvements 3 ,959 ,062 2 ,636 , gLg L,322,L43 0.1-? Construction in Progress L9,9L3,759 L9 ,9L3 ,759 1.5? TOTAL FIXED ASSETS 9'7).,902,4O8 73 .3*

OTHER ASSETS 1,64 108 464 ]-2.42

TOTAI ASSETS 326 320 5L4 100.0t

LIABILITIES AI.ID CAPITAL CTIRRENT LIABILITIES Accounts Payable - Trade 20 ,772 ,267 1.5t Accounts Payable - Other 18 ,632 ,91-8 L.4* Current Portion of Long-Term Debt 7 ,534,955 0.5t Accrued Expenses 36,351,520 2.7t other Current Liabilities L7 ,695,735 1. 3t TOTAL CT'RRENT LIABILITIES 100, 987, 395 7 .6*

LONG-TERM DEBT TOTAL OWING CURRENT PORTION Mortgages 22 ,8L6 , OOO L,248,OOO 2l-,558,000 r..6t Debentures & Bonds l_83, 000, 000 0 l_83, 000, 000 13.8t Notes L46 ,082,408 5,302,220 140,780,188 10.6? Contracts 0 00 0.0? Other 4L7 ,764,329 984 ,735 416,779,594 3L.4* TOTA], LONG-TERM DEBT 769,662,737 7 ,534,955 762,127 ,782 57 .sZ OTHER LIABILITIES 13L,674 ,335 9 .9* TOTA], LIAI}ILITIES 994.789.5L2 75.0?

CAPITAL Owners Capital Accounts -75,L84,774 -5.72 Capital stock & other Capital 25L,864 ,230 1-9 . 0t Retained Earnings ]-54 ,85L,546 Lt.7* TOTAL CAPITAL 331_.531_.002 2s.03

TOTAL LIABILITIES AI{D CAPITAL 326 320 5L4 r_00.0?

Average Assets Upper Quartile Median Lower Quartile L89,474,359 235 ,008,967 L94 ,58L,593 45 , 006 ,632 2-LO6 COMBINED INCOME STATEMENT - SUMI,IARY

Fiscal Year 2015 Washoe County - Reno,/Sparks WiEh Gaming Revenue of $35,000,000 and over Amounts Represent 7 Locations.

REVENT'E DOLLARS PERCENT Gaming 479,226,L83 49.6* Rooms tgt,371_ ,739 r_8.8t Food . ]-74 ,883 ,924 r-8 . ]-t Beverage 7L,448 ,064 7 .4* Other 60,037 ,678 6.2* TOTAL REVENUE 966.967 .588 r_00.0?

COST OF SALES L00 ,899 ,248 10.4t

GROSS IIARGIN 866 ,068 ,340 89. 5t

DEPARTMENTAI EXPENSES 484,983,520 50 .22

DEPARTMENTAI INCOME (LOSS) 381 084 820 39.4?

GENERAI, AIID ADMINISTRATIVE EXPENSES Advertising and Promotion 2L,228 , 657 2.2t Bad Debt Expense 1,653 0.0t Complimentary E>rpense (not reported in departments) ...... 28 ,864 ,429 3.0t Depreciation - Buildings 38, 913,406 4.0t Depreciation and Amortization - Other 33 ,423 ,229 3.st Energy Expense (electsricity, gds, etc.) 23 ,298 ,27 4 2.4* Eguipment Rental or Lease 1, 236, oog 0.L? InEerest Elq)ense 50, 890, 094 s.3t Music and Entertainment 6 ,042,992 0.5t Payroll Taxes 6 ,667 ,952 o.7t Payroll - Employee Benefits ... I ,465,778 0.9t Payroll - Officers ... 2 ,445 ,62L 0.3t Payroll - Other Employees 64 ,499 ,944 6.7* Rent of Premises 5,078 ,L2l 0 .5? Taxes - Real Estate g , 036 ,323 0.93 Taxes and Licenses - Other t,663 ,569 0.2* Utilities (Other than Energ"y Expense) 5,'7L6,576 o.7z other General and Administrative Expenses 96 ,9LL,953 1_0 . 0? TOTAL GENERAL AND ADMINISTRATIVE EXPENSES 405.384.589 4L.9*

NET INCOME (LOSS) BEFORE FEDERAL INCOME TA)GS AI$D EXTRAORDINARY ITEMS ... -24 299 769 -2 -s*

Average Revenue Upper Quartile Median Lower Quartile 1-38 , L38 ,227 L74,860,3]-5 L44 ,6'72,47_5 78, 503, 045 COMBINED INCOME STATEMENT - DETAIL 2-LO1 Fiscal Year 201-5 Washoe County - Reno,/Sparks With Gaming Revenue of $36,000,000 and over

AmounUs Represent 7 Locations.

CASINO DEPARTMENT

REVENUE DOLI,ARS PERCENT Pit Revenue (Includes Keno and Bingo) ... 92,6L7 ,aA6 r-9.3t Coin Operated Devices 372 ,20L,066 77 .7* Poker and Pan 6 ,20L,58L r..3t Race Book 2,783,0L0 0.6t Sports Pool 5 ,423 ,4LO r-. 1t TOTAI REVENIIE ..;.. 479.226.t83 100.0t

DEPARTMENTAL EXPENSES Bad Debt Expense L,542 ,822 0.3t Commissions 367,2L8 0.1? Complimentary Expense LL9 ,942 ,382 25.0* Gaming Taxes and Licenses 37 ,6L2 ,41L 7 .8* Preferred Guest Expenses (no complimentaries) ... 337 ,027 0.]-t Payroll Taxes 7 ,772,122 r-.5t Payroll - Employee Benefits ... I ,584 ,544 1.8? Payroll - Officers ... 0 0.0t Payroll - Other Employees 52 ,069 ,525 r_0 . 9t Race Wire Fees 354 ,57L 0.L? Other Departmental Expenses 42 ,445 , LLz 8 .9t TOTAL DEPARTMENTAI EXPENSES 271,.037.734 s6.6*

DEPARTMENTAL INCOME (LOSS ) 204 t_88 449 43.4*

ROOMS DEPARTMENT

REVENT]E DOLLARS PERCENT Room Sa1es . . . L27 ,675,8L7 70.4t Complimentary Rooms ... 53,695,922 29.6* TOTAL REVENUE L8L,37L,739 100.0t

DEPARTMENTAL EXPENSES Bad DebE Expense 173 ,4t8 0.L? Complimentary Expense . 6,847,556 3 .8? Payroll - Taxes 3 ,693 ,640 2.O* Payroll - Employee Benefitrs ... 4 ,466 , gS]-. 2.42 Payroll - Officers ... 0 0.0t Payroll - OEher Employees 34 ,372 , 023 r-9.0t Other Departmental Expenses 23 ,323 ,337 L2.9* TOTAI DEPARTMENTAL EXPENSES 72 .866 .835 40.2?

DEPARTMENTAL INCOME (LOSS) l-08 504 904 59.8t 2-t_08 COMBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 Washoe County - Reno/Sparks With Gaming Revenue of $36,000,000 and over Arnounts RepresenE 7 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... L2O ,823 , 686 69.L* Complimentary Food Sales 54 , 060 ,238 30.9? TOTAL REVENUE L74 .883 ,924 L00.0t

COST OF SALES 70,]-86,304 40. L?

GROSS MARGIN 104,697 ,620 59 .92

DEPARTMENTA]. EXPENSES Bad Debt Expense 2 ,490 0.0? Complimentary Expense . 2,L75,970 1.2? Payroll - Taxes 7 ,674 ,958 4 .4* Payroll - Employee Benefits ... 7 ,460 ,937 4.3* Payroll - Officers .. . 0 0.0t Payroll - Other Employees 62 ,975 ,7 40 36.0t Other Departmental Expenses ]-]-,L97,304 6 .4* TOTAL DEPARTMENTAL EXPENSES 9L.487.289 s2.32

DEPARTMENTAI INCOME (LOSS ) L3 210 33l_ 7 .6*

BEVERAGE DEPARTMENT RE\rENUE DOLI,ARS PERCENT Beverage Sales 3L,797,007 44.5? Complimentary Beverage Sales ... 39 ,651,057 55. 5? TOTAL REVENUE 7L,448 ,064 l-00.0?

COST OF SALES 20 ,049 ,587 28.L2

GROSS }4ARGIN 5L,398 ,477 71.92

DEPARTMENTAL EXPENSES Bad Debt Expense 0 0.0? Complimentary Expense 2 ,LsL,357 3.0t Payroll - Taxes 2, 0L0, 505 2.8t Payroll - Empfoyee Benefits ... L, gg1, 539 2.83 Payroll - Officers ... 0 0.0? Payroll - Other Employees L3,248,529 r.8 .5? Other Departmental Expenses 5,27O,555 7 .42 TOTAL DEPARTMENTAI EXPENSES 24 .662 .486 34 .5?

DEPARTMENTAI INCOME (LOSS ) 26,735 99L 37 -4* COMBINED INCOME STATEMENT - DETAIL (CONTINUED) 2-109

Fiscal Year 2015 Washoe County - Reno/Sparks With Gaming Revenue of $35,000,000 and over Amounts Represent 7 Locations.

OTHER INCOME REVENITE DOLLARS PERCENT Other Operating and Non-operating Income 46,557,360 77.53 Other Complimentary Items ... 13,480,318 22.5* TOTAL REVENUE 60,037,678 l-00.0t

COST OF SALES L0,663,357 17 .82

GROSS I"IARGIN 49,374,32L 82.2*

DEPARTMENTAL EXPENSES Bad Debt Expense l0 ,923 0.0t Complimentary Expense . 69t,7t8 L.2* PayroII - Taxes L,460 ,845 2.42 Payroll - Employee Benefits ... I ,28L ,1_7I 2.tt Payroll - Officers ... 0 0.0? PayroII - Other Employees LO ,450 ,699 17 .4* Other DeparEmental Expenses 1r-, 033 , 8r_3 18 .4? TOTAL DEPARTMENTAI EXPENSES 24 ,929 , t7 6 41.52

DEPARTMENTAL INCOME (LOSS) 24 445 145 40.7?

AVERAGE NT]MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 2,L57 ROOMS DEPARTMENT ... L,927 FOOD DEPARTMENT 3, 180 BEVERAGE DEPARTMENT ... L, 064 G & A DEPARTMENT ... L,814 OTHER DEPARTMENTS 7l_L

TOTA], 10, 853 2-LLO ROOM OCCUPAIICY A}ID PER ROOM PER DAY ANALYSIS

Fiscaf Year 2015 Washoe County - Reno/Sparks with Gaming Revenue of $35,000,000 and over Amounts Represent 7 Locations.

RATE OF ROOM OCCUPAI{CY

toF AVAIT.AIILE ROOMS OCCUPATICY MONTH ROOMS OCCUPIED (COMPUTED) flILY . 242 ,693 205, 001 84.47* AUGUST 242,687 200, 313 82.54* SEPTEIITBER 249 ,743 20]-,596 80.72* OCTOBER 24L,959 L79,977 74.38* NOVEIVIBER 236 ,480 L55 ,463 65.'742 DECEIVIBER 254 ,847 L67,476 65.722 ,JAI{UARY 242 ,597 L6L,7L8 66 -66* FEBRUARY 224 ,809 L60 ,564 71- .42? MARCH 255, 031 LgO ,327 70.7t3 APRIL 236 ,490 ]-74 ,907 73.96* MAY . 242 ,7L2 ]-86 ,892 77.00* 'JIINE . 248 ,800 200 .676 80 . 668

TOTAL 9r_8 848 L74 900 74.5L*

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 42.58 Per Room Per Day 32.8s

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day t-71. l-3 Per Room Per Day 19.55

Average Food Sales Average Room RaUe Per Room Per Day 80 .41 Per Day 83.39 PER SQUARE FOOT ANAI,YSIS AND RATIOS 2-LII Fiscal Year 2015 Washoe County - Reno/Sparks With Gaming Revenue of $35,000,000 and over Arnounts Represent 7 Locations.

GAMING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAMING REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Includes Bingo and Keno) 7 L2,319 1,074 Coin Operated Devices 7 48,228 1, l_03 Poker and Pan 5 3, 070 404 Race and Sports 5 2,934 559

TOTAL CASINO 7 54, 835 l_,056

RATIOS PERCENT TOTAI CI'RRENT ASSETS TO TOTAL CI,'RRENT LIABILITIES l-88 .4?

TOTAL CAPITAL TO TOTAI LIABILITIES 33.3?

TOTAL CAPITAL TO TOTAL CURRENT LIABILITIES 328.32

TOTAI CI'RRENT LIABILITIES TO TOTAL LIABILITIES LO.2t

TOTAL COMPLIMENTARY EXPENSE TO GAMING REVENI'E 33.5t

MUSIC AND ENTERTAINMENT EXPENSES TO GAIVIING REVENI'E r_.3t

TOTAI REVENI'E TO AVERAGE TOTAL ASSETS 73.2*

TOTAI REVENUE LESS COMP SALES TO AVERAGE TOTAL ASSETS 51.0t

RETI'RN ON INVESTED CAPITAL 2.22

RETI'RN ON AVERAGE ASSETS* 2.O*

* - FORMT'LAS Return on Invested Capital is egual to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the total- of average total assets less average current liabiLities. Return on Average Assets is equal to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the average total assets. 2-LL2

THIS PAGE LEFT INTENTIONALLY BLANK COIIBINED BALANCE SHEET 2-]-L3 Fiscal Year 20L5 Washoe County - Balance of County with Gaming Revenue of $1,000,000 and over Amounts Represent 11 Locations.

CURRENT ASSETS DOLLARS PERCENT Cash . 34 ,540 ,956 33.9t Receivables TOTAL ALLOWAIICE Casino 6L3,616 l_05, 285 508, 330 0.st Trade 229 ,530 l_, 553 227,877 o.2z Sundry 36L,452 0 36L,452 0 .4& NoEes 882 ,758 0 882,758 0 .9t Prepaid E)q)enses 3 ,302 ,]-62 3.2+ other Current Assets 4,436 ,074 4.42 TOTA], CURRENT ASSETS 44 ,259 ,609 43.4*

FTXED ASSETS COST DEPRECTATION Land 7 ,632,L89 7 ,632 , L89 7.st Land Improvements 4 ,202 ,204 2,7]-t,298 L,490 ,906 l-. st Buildings & fmprovements 42,398,6LL 16, 358 , 995 26,039 ,6]-6 25.5* Furniture & Equipment 48 ,474 ,8L6 37 ,679 ,001 l-0, 795, 815 10 .5? Lease Improvements 9 ,38\,477 4 ,940 ,090 4 ,44L ,387 4.4* Construction in Progress 2,LL9 ,084 2 ,1_L8 , 084 2.1-+ TOTAL FIXED ASSETS 52 .5]-7 ,997 51. st

OTHER ASSETS L74 532 5. r-t

TOTAI ASSETS 101, 952,138 100.0t

LIABILITIES AI{D CAPITAL CURRENT LIABILITIES Accounts Payable - Trade 3 ,654 , L98 3 .68 Accounts Payable - other 993 ,923 1. 08 Current Portion of Long-Term Debt L,044 ,887 1. 0? Accrued Expenses 3,367 ,Oa3 3.3t Other current Liabilities 1, 935, 203 1.8? TOTAI CI'RRENT LIABILITIES 10 .895 .224 LO.7z

LONG-TERM DEBT TOTAL OWING CURRENT PORTION Mortgages 5, 103, 959 83 ,821_ 5,020,138 4.9* Debentures & Bonds 0 0 0 0.0t Notes 9,476,L60 550,256 I ,825 ,904 8.7* Contracts 310, 810 3L0,8l_0 0 0.0t OEher 0 0 0 0.0? TOTAI LONG-TERM DEBT 14,890,929 L,044,887 13 ,846 ,042 r_3 .6t OTHER LIABILITIES 525 ,856 0 .6t TOTAL LIABII,ITIES 25 .367 . L22 24.9*

CAPITAL Owners Capital Accounts 39 ,225 ,0]-2 38 .5t capital stock & other capital -9L,287 -0.1-t Retained Earnings 37,45L,29L 36.7t TOTAI CAPITAL 76 ,585 , OL6 75 .LZ

TOTAL LIABILITIES Ai{D CAPITAI l_01 952 l_3 I 100.0?

Average Assets Upper Quartile Median Lower Quartile 9,268,376 L2,327,846 4 ,230 ,058 1,315,943 2-tt4 COMBINED INCOME STATEMENT - SUMI4ARY

Fiscal Year 2015 hlashoe County - Balance of County With Gaming Revenue of $1,000,000 and over Amounts Represent 11 Locations.

REVENUE DOLLARS PERCENT Ca*i"g 8L,359 ,452 55. 7t Rooms 6 ,996 ,894 4.8* Food . L7 ,088 ,32L LL.7Z Beverage 6,794,6]-4 4 .63 Other 33 ,938 ,566 23.2t TOTAL REVENUE L46,t67 ,947 100.0t

COST OF SAIES 36,957 ,643 25.3*

GROSS MARGIN L09 ,2t0 ,304 74.7*

DEPARTMENTAI EXPENSES 49 ,4'7L,273 33 . 8t

DEPARTMENTAL INCOME (LOSS) 59 739 031_ 40 -9*

GENERAL AND ADMINISTRATIVE EXPENSES Advertising and Promotion 4 ,77L ,502 3.3? Bad Debt Expense L6,520 0.0? Complimentary Expense (not reported in departments) ...... 5 ,236 , gL3 3.5? Depreciation - Buildings 796 ,072 0 .5? Depreciation and AmortizaEion - Other 3 ,7L6 ,887 2.s* Energy Expense (electricity, 9BS, etc.) 2,'795,2O5 r_. 9t Equipment RenEal or Lease 115, 230 0.1? Interest Elq)ense 2,697 ,g6g r_. 8t Music and Entertainment 430, 534 0.3t Payro}l Taxes 845, 857 0.6t Payroll - Employee Benefits ... L, 656, L53 1. 1? Payrol} - Officers ... L,294 ,462 0.9t Payroll - Other Employees g, L12, 3gg s .5t Rent of Premi-ses 2 , L10 ,333 r..4t Taxes - Real- Estate 658 ,74L 0.st Taxes and Licenses - Other 373 ,460 0.3t Utilities (Other than Energy Expense) 511, 805 0 .48 Other General and Administrative Elcpenses 7 ,062,975 4 .8t TOTAI GENERAL AND ADMINISTRATIVE EXPENSES 43 ,292 , 905 29 .6*

NET INCOME(LOSS) BEFORE FEDERAL INCOME TN(ES AND EXTRAORDINARY ITEMS . . . L6 446 L26 t_t_.3t

Average Revenue Upper Quartile Median Lower Ouartile 13,287 ,995 22 ,785 ,803 9 ,253 , 685 L,825 ,896 COMBINED INCOME STATEMENT - DETAIL 2-Lts Fiscal Year 2015 Washoe County - Balance of County WiLh Gaming Revenue of $1,000,000 and over Amounts RepresenL LL Locations.

CASINO DEPARTMENT

REVENUE DOLIJARS PERCENT -EE Rerrenue (Includes Keno and Bingo) 8,055,083 9.9* Coin Operated Devices '70 ,60]- ,325 85 . 8? Poker and Pan 6l-3,099 0.8? Race Book 2,07L,530 2.53 Sports Pool 18,4L5 0.0? TOTAL REVENUE 8l- 359 ,452 L00.0?

DEPARTMENTAL EXPENSES Bad Debt Expense 48,048 0 .1-? Commissions 1,909 ,649 2.3* Complimentary Expense . 7,467,093 9.2* Gaming Taxes and Licenses 6 , L86 ,97L 7 .6t Preferred Guest Expenses (no compliment,aries) L28 ,943 0.2* Payroll Taxes L,L2g,7O5 1.4t Payroll - Employee Benefits ... 1,203,055 l-. 5? Payroll - Officers ... 0 0 .0t Payroll - Other Employees I ,234 , L86 10 . ]-t Race Wire Fees 726 0.0t OEher Departmental Expenses 4 ,650 ,025 5.7? TOTAL DEPARTMENTAI EXPENSES 30, 958,390 38.1?

DEPARTMENTAL INCOME (LOSS ) 50 401 062 5r-. 9t

ROOMS DEPARTMENT

REVENUE DOLLARS PERCENT Room Sales ... 4 ,049 ,049 s7 .9* Complimentary Rooms ... 2,947 ,845 42.L2 TOTAI REVENUE 6 .996 .894 100.0t

DEPARTMENTAI EXPENSES Bad Debt Expense 5, 951 0.1-? Complimentary Expense L8 ,646 0.3t Payroll - Taxes 1_00, 983 r-.4t Payroll - Employee Benefits ... 64 ,]-46 0.9t Payroll - Officers ... 0 0 .0t Payroll - Other Employees 826 ,538 r_1_.8t Other Departmental Expenses 2 ,0'13 ,039 29 .6t TOTAL DEPARTMENTAL EXPENSES 3.089.303 44.22

DEPARTMENTAI INCOME (LOSS ) 907 591 55.8t 2-tL6 COIVIBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 Washoe County - Balance of CountY With Gaming Revenue of $1,000,000 and over Amounts Represent l-l- Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... 14,373,883 84 .l-t Complimentary Food Sa1es 2,7L4,438 r-5 . 9? TOTAL REVENUE L7 .088 .321 100.0?

COST OF SAI,ES 8,6'73,749 50.8E

GROSS TIARGIN 8 ,414,572 49 .23

DEPARTMENTAI EXPENSES Bad Debt Expense 495 0 .0t Complimentary Elq)ense . 97,6t3 0 .6? Payroll - Taxes 803,251 4.7* Payroll - Employee Benefits ... 346,255 2.OZ Payroll - Officers ... 0 0 .0& Payroll - Other Employees 6,633,274 38.8? Other Departmental Expenses L, 500, 481 9.42 TOTAI DEPARTMENTAL EXPENSES 9 . 48L .369 55.5?

DEPARTMENTAI TNCOME (LOSS ) -1_ 066 797 -6 -2*

BEVERAGE DEPARTMENT REVENUE DOLLARS PERCENT Beverage Sales L,944 ,286 27 .2* Complimentary Beverage Sales ... 4 , 940 ,328 72.82 TOTAI REVENUE 6 ,784 ,614 1_00.0t

COST OF SALES 2, O2L,L59 29 .8t

GROSS I4ARGIN 4 ,7 63 ,455 70.22

DEPARTMENTAT EXPENSES Bad Debt Expense 87 0.0? Complimentary Expense . 2L,272 0.3t Payroll - Taxes 183,463 2.72 Payroll - Employee Benefits ... 153,410 2.3t Payroll - Officers ... 0 0.0t Payroll - Other Employees L,270,545 L8.7* Other Departmental- Expenses 340,542 5.0t TOTAL DEPARTMENTAL EXPENSES L,969,3L9 29.0*

DEPARTMENTAL INCOME (LOSS ) 794 L35 41.2+ COMBINED INCOME STATEMENT - DETAIL (CONT]NUED) 2-Lt1

Fiscal Year 201-5 Washoe County - Balance of County With Gaming Revenue of $l-,000,000 and over Arnounts Represent 11 Locations.

OTHER INCOME REVENT'E DOLLARS PERCENT Other Operating and Non-operating Income 33 ,45]- , L29 98.5t Other Complimentary ftems ... 487,537 1.4* TOTAL REVENUE 33 .938 .666 100.0t

COST OF SALES 26,262,'135 77.4*

GROSS I"IARGIN 7,675,93]- 22.62

DEPARTMENTAL EXPENSES Bad Debt Expense 885 0.0? Complimentary Expense . 31,189 0.1t Payroll - Taxes 204 ,64L 0.6t Payroll - Employee Benefits ... L93,430 0.5? Payroll - Officers ... 0 0.0t Payroll - Other Employees L,903 , LL4 s.6t Ot,her Departmental Expenses L,639 ,632 4.8t TOTAI DEPARTMENTAI EXPENSES 3 ,972 ,892 ]-t.7*

DEPARTMENTAI INCOME (LOSS) 703 039 10.9t

AVERAGE NI]MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 345 ROOMS DEPARTMENT ... 49 FOOD DEPARTMENT 344 BEVERAGE DEPARTMENT . .. 93 G&A DEPARTMENT... ]-87 OTHER DEPARTMENTS 80

TOTAI, t,099 2-ttg ROOM OCCUPAI{CY AND PER ROOM PER DAY AI.IALYSIS Fiscal Year 2015 Washoe County - Balance of County With Gaming Revenue of $l-,000,000 and over Amounts Represent l-1 Locations.

RATE OF ROOM OCCUPAI.ICY

toF AVAILABLE ROOMS OCCUPANCY MONTH ROOMS OCCUP]ED (COMPUTED) .]ULY . t6 ,737 L2 ,890 77.0]-* AUGUST L6,738 L2,9L4 77 .1-5* SEPTEMBER l-6, 190 11, 285 69.70t OCTOBER ]-6,724 10, 630 53 . s58 NOVEMBER 16, 185 8, 650 53 .44t DECETIBER 16,73L g, 834 52.80t ,JAI{UARY t6 ,739 8, 554 s1. 10t FEBRUARY L5,LL1 8, 383 55 .45? MARCH L6,738 9,466 s4.762 APRIL 16,186 9 ,097 s6.202 MAY . L6,732 l_0, 094 60.33? .JI'NE . t6 , L97 11, 400 70.38t

TOTAI 1,97 014 L2L 897 6L.A7*

PER ROOM PER DAY STATISTICS

Average Pj-t Revenue Average Beverage Sales Per Room Per Day 55. 08 Per Room Per Day 55.66

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day 579.L9 Per Room Per Day 8.14 Average Food Sales Average Room Rate Per Room Per Day 1_4 0 . l_9 Per Day 5'7.40 PER SQUARE FOOT AIIALYSIS AIiID RATIOS 2-II9 Fiscal Year 2015 Washoe County - Balance of CountY With Gaming Revenue of $1,000,000 and over Amounts Represent 11 Locations.

GAMING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAMING REVENI'E AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Inc1udes Bingo and Keno) 4 3 ,49L 577 Coin Operated Devices 9 11 ,723 669 Poker and Pan 2 550 472 Race and Sports 2 740 L,4L2

TOTAL CASINO 11 Ll_, 1l_3 666

RATIOS PERCENT TOTAL CI'RRENT ASSETS TO TOTAL CURRENT LIABILITIES .. 406.2*

TOTAL CAPITAL TO TOTAI LIABILITIES 301.9t

TOTAL CAPITAL TO TOTAL CURRENT LIABILITIES 7 02 .9t

TOTAL CURRENT LIABILITIES TO TOTAL LIABILITIES 43.0t

TOTAI, COMPLIMENTARY EXPENSE TO GAI{ING REVENUE 15 .8?

MUSIC AND ENTERTAINMENT EXPENSES TO GAIIfNG REVENUE 0.st

TOTAL REVENI'E TO AVERAGE TOTAL ASSETS ]-46.2*

TOTAL REVENUE LESS COMP SATES TO AVERAGE TOTAL ASSETS 135. r-t

RETI'RN ON INVESTED CAPITAI* 22 .93

RETURN ON AVERAGE ASSETS* L9.LZ

* - FORMT'LAS ReEurn on Invested Capital is egual Uo the total of net income (before federal income taxes and extraordinary items) and intrerest expense divided by the total of average total assets less average current liabilities. Return on Average AsseEs is egual to the total of net income (before federal income taxes and extraordinary items) and int,erest expense divided by the average total assets. 2-].20

THIS PAGE LEFT INTENTIONALLY BLANK SECTION 3 DETAIL OF SELECTED GROUPS

INDEX

STATEWIDE - CASINOS WITH ROOMS FACILITIES With Gamine Revenue of $1.000.000 and Over Page

Combined Balance Sheet 3-1 Combined Income Statement - Summary 3-2 Combined Income Statement - Detail: Casino Department J-J Rooms Department 3-3 Food Department 3-4 Beverage Department 3-4 Other Income 3-5 Average Number of Employees 3-5 Rate of Room Occupancy 3-6 Per Room Per Day Statistics 3-6 Gaming Revenue per Square Foot 3-7 Ratios 5-t

STATEWIDE - CASINOS WITH ROOMS FACILITIES With Gamine Revenue of $1.000.000 to $12.000.000

Combined Balance Sheet 3-9 Combined Income Statement - Summary 3-1 0 Combined Income Statement - Detail: Casino Department 3-1 I Rooms Department 3-l I Food Department 3-12 Beverage Department 3-12 Other Income 3-13 Average Number of Employees 3-13 Rate of Room Occupancy 3-t4 Per Room Per Day Statistics 3-14 Gaming Revenue per Square Foot 3- 15 Ratios 3-l5

STATEWIDE - CASINOS WITH ROOMS FACILITIES With Gamine Revenue of $12.000.000 to $36.000.000

Combined Balance Sheet 3-17 Combined Income Statement - Summary 3-1 8 Combined Income Statement - Detail: Casino Department 3-1 9 Rooms Department 3-19 Food Department 3-20 Beverage Department 3-20 Other Income 3-21 Average Number of Employees 3-21 Rate of Room Occupancy 3-22 ?,_)) Per Room Per Day Statistics Gaming Revenue per Square Foot 3-23 Ratios 3-Z) SECTION 3 - CONTINUED DETAIL OF SELECTED GROUPS

INDEX

STATEWIDE - CASTNOS WITH ROOMS FACILITIES With Gamine Revenue of $36.000.000 to $72.000.000 Page

Combined Balance Sheet 3-25 Combined Income Statement - Summary 3-26 Combined Income Statement - Detail: Casino Department 3-27 Rooms Department 3-27 Food Department 3-28 Beverage Department 3-28 Other Income 3-29 Average Number of Employees 3-29 Rate of Room Occupancy 3-30 Per Room Per Day Statistics 3-30 Gaming Revenue per Square Foot 3-31 Ratios 3-3 l

STATEWIDE - CASINOS WITH ROOMS FACILITIES With Gamine Revenue of $72.000.000 and Over

Combined Balance Sheet J.JJ Combined Income Statement - Summary 3-34 Combined Income Statement - Detail: Casino Department 3-35 Rooms Department 3-3s Food Department 3-36 Beverage Department 3-36 Other Income 3-37 Average Number of Employees 3-37 Rate ofRoom Occupancy 3-38 Per Room Per Day Statistics 3-38 Gaming Revenue per Square Foot 3-39 Ratios 3-39

STATEWIDE - PUBLICLY OWNED CASINO OPERATIONS With Gamine Revenue of $12.000.000 and Over

Combined Balance Sheet 3-41 Combined Income Statement - Summary 3-42 Combined lncome Statement - Detail: Casino Department 3-43 Rooms Department 3-43 Food Department 3-44 Beverage Department 3-44 Other Income 3-45 Average Number of Employees 3-45 Rate ofRoom Occupancy 3-46 Per Room Per Day Statistics 3-46 Gaming Revenue per Square Foot 3-47 Ratios 3-47 COMBINED BAI,ANCE SHEET 3-1 Fiscal Year 2015 Statewide Casinos with Rooms Facilities with Gaming Revenue of $l-,000,000 and over Amounts Represent 138 Locations.

ASSETS CURRENT ASSETS DOLLARS PERCENT Cash . 2 , LOL,056, 509 2 .5* Receivables ALLOWANCE Casino t,27L,707,747 544 ,723 ,52J. 726,984,226 0.9t Trade 513 ,97L,262 L5 ,250 ,52L 498,720,74L 0.5? Sundry 9 ,21-6 ,634 ,422 599,033 9,2L5, 935,389 11.l-t Notes L35 ,2L2 ,073 4, 000 L35 ,208,073 0 .2* Prepaid Expenses 354 ,899 , lt2 0 .4t Other Current Assets 21,087,905,322 25.5* TOTAI CURRENT ASSETS 34,!20,709,472 4l-.3t

FTXED ASSETS COST DEPRECfATION Land L4 , 4L3 ,28L, 990 L4,4L3,28a,99O L7.42 Land Improvements L,492,779,796 6LL,947 ,lO2 880 ,832 , 694 l-. 18 Buildings & Improvemenus 3l_,410,605,4L5 9,058 ,890,752 22,34L,7L4,663 27 .O+ Furniture & Equipment 1l_, 359 ,624 ,82t 7 ,558,505,747 3,801,]-L9,074 4.6t Lease Improvements 'J-34 ,7 97 ,lL1 62 ,335 ,732 72,46a,385 0.lt Construction in Progress 667 ,4L3,20]- 667 ,41,3 ,20A 0 . 8? TOTAI FIXED ASSETS 42 , L76 ,823 , OO7 5l-. 0t

OTHER ASSETS 394 834 090 7 -7*

TOTAI ASSETS .. i.. 82 ,692 ,366 ,559 L0o . o?

LIABILITIES AI{D CAPITAL CURRENT LIABILITIES AccounEs Payable - Trade 357 ,435,720 0.4t Accounts Payable - Other L,906,94L,338 2.3t Current Portsion of Long-Term Debt 448,778,325 0.5? Accrued Expenses 959, 501-, 501 L.2* Other Current Liabilit.ies 21,L55,624,045 25.6* TOTAT CURRENT LIABILITIES 24,828,28O,930 30.0t

LONG-TERM DEBT TOTAL OWING CURRENT PORTION Mortgages 2,L77,2a1,837 138,039,279 2,039,L72,558 2.5t Debentures & Bonds 2,429,842,842 24,045,L98 2,405,797,644 2.9* Notes 4 ,441 ,027 ,574 88, 055, l-20 4 ,352 ,972 ,454 5 . 3t Contracts 2O,7L0,9O5 L0,538,785 L0,L72,120 0.0t Other 8,996,475,553 L88,099,944 8,808 ,375,609 L0.7t TOTAL LONG-TERM DEBT 18,065,268,1LL 448,778,326 L7 ,6L6,490, 385 2L.32 OTHER LfABILITIES 23,086,646,665 27.93 TOTAI, LIAE}ILITIES 55,53a,4]-7 ,980 79.2*

CAPITAL owners Capital Accounts -8,888,943,474 -L0.7t Capital stock & other CapiEal 27 ,682,839,1L0 33.5? Retained Earnings -L,632,94'7,047 -2.0* TOTAL CAPITAL L7,L6O,948,589 20.8?

TOTA], LIABILITIES AND CAPITAL 82 692 366 569 100 . 0t

Average Assets Upper Quartile Median Lower Ouartile 599 ,220 , 048 422 ,833 ,464 58 ,375 ,557 ]-5,054,L76 3-2 COIVIBINED INCOME STATEMENT - SUMIVIARY

Fisca1 Year 2015 Statewide Casinos with Rooms Facilities With Gaming Revenue of $1-,000,000 and over Amounts Represent l-38 Locations.

REVENUE DOLLARS PERCENT Caming 10,008 ,457,842 42.L\ Rooms 5 ,387 ,502 ,966 22.72 Food . 3, 568, 150, 886 l-5 .4? Beverage L,667 ,489 t964 7.0t OEher 3 ,026 , 695 ,953 L2.7* TOTAL REVENUE 23,758,307,61L r_00.0t

COST OF SALES L,774,456,495 7 .s*

GROSS MARGTN 2L,983,84L,LL6 92 -s*

DEPARTMENTAI EXPENSES L2 ,2L3 ,960 ,906 51 .4t

DEPARTMENTAL INCOME (LOSS) 769 880 2]-0 4L.LZ

GENERAL AND ADMINISTRATIVE EXPENSES Advertising and Promotion 323,L62,508 1.4? Bad Debt Expense L,842,373 0.0? Complimentary Expense (not reported in departments) ...... 230,594,375 1. 0? Depreciation - Buildings L,042,430,551- 4 .42 Depreciation and Amortization - Other l-,045,183,163 4 .4t Energy Expense (electriciEy, 9ds, etc.) 393,918,856 L.7? Equipment Rental or Lease . 2L,944,277 0.L? Interest Expense 2,302,L35,972 9.7t Music and Entertainment 342,L54,28L L.4* Payroll Taxes LL5,397,678 0.5t Payroll - Employee Benefits ... 372,L24,576 1.5t Payroll - Officers ... 6L,473,L59 0.3t Payroll - Other Employees . L,236,257,339 5.2t Rent of Premises L50,250,740 0.6? Taxes - Real Estate 200,074,08L 0.8t Taxes and Licenses - Other 71,9L0,L34 0.3t Utilities (Other than Energy Expense) 1-L9,554,777 0.5t Other General and Administrative Expenses 2,493,918,939 10.5? TOTAL GENERAL AI{D ADMINISTRATIVE EXPENSES L0,524,327,779 44.3?

NET INCOME(LOSS) BEFORE FEDERAL INCOME TAXES AI{D EXTRAORDfNARY ITEMS ... -754 447 569 -3.22

Average Revenue Upper Quartile Median Lower Quart,ile L72 ,46]-,649 161, 000, 4ss 68 ,9L1,693 17, 835, 6l_8 COMBINED INCOME STATEMENT - DETAIL 3-3 Fiscal Year 20L5 Statewide Casinos with Rooms Facilities With Gaming Revenue of $l-,000,000 and over tunounts Represent 138 Locations.

CASINO DEPARTMENT

REVENUE DOLLARS PERCENT Pit Revenue (Includes Keno and Bingo) 3,269,474,404 32.7* Coin Operated Devices 6,387,5A1,233 63.8t Poker and Pan l_41, 554 , 683 L.4* Race Book 54 ,372 ,362 0.st Sports Pool 155, 555, 160 1.6t TOTAL REVENUE L0 008.467 ,842 r.00.0t

DEPARTMENTAL EXPENSES Bad Debt Expense L4L,678 ,492 L.4* Commissions 57, 833, 903 0.6t Complimenuary E>q)ense 2,L67,409,502 2t.72 Gaming Taxes and Licenses 759 ,653 ,7L7 7 .62 Preferred cuesu Expenses (no complimentaries) ... 246 ,503 ,383 2.sz Payroll Taxes 175, 858, 114 1_.88 Payroll - Employee Benefits ... 29L, L99 ,80'1, 2.9+ Payroll - Officers ... L8,358,292 o.2? PayroII - Other Employees L, L65 ,3]-]- , 699 11. 7? Race Wire Fees g , 935 ,728 0.1? Other Departmental Expenses 880,239,348 8.8? TOTAI DEPARTMENTAL EXPENSES 5. 9l_3 ,98L,979 59. r-t

DEPARTMENTAL INCOME (LOSS) 094 485 863 40.9t

ROOMS DEPARTMENT

REVENUE DOI,LARS PERCENT Room Sales ... 4 ,358 ,7 63 , ]-]-8 80.9? Complimentary Rooms . .. t,028 ,739 ,848 19. 1t TOTAL REVENUE 5.387 .502,966 r.00.0t

DEPARTMENTAL EXPENSES Bad Debts Expense 9 ,349 , 91-9 0.2* Complimentary Expense L32,564,708 2.5* Payroll - Taxes L02 ,076 ,628 1. 8? Payroll - Employee Benefits ... 294 ,309 ,09L 5.2* Payroll - Officers ... 4,269,29L 0.1? Payroll - Other Employees 979,556,075 ]-8.22 Other Departmental Expenses 658 ,487 ,405 1-2.2* TOTAI DEPARTMENTAL EXPENSES t70 .6L2 .tt1 40.3t

DEPARTMENTAL INCOME (LOSS ) 21"6 890 849 59.7t 3-4 COIVIBINED INCOIVIE STATEMENT DETAIL (CONTINUED)

Fiscal Year 2015 Stsatewide Casinos with Rooms Facilities With Gaming Revenue of $1,000,000 and over Amounts Represent l-38 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... 2,984,]-83,079 8l-.4t Complimentary Food Sales 683,957 ,807 1-8 . 6? TOTAL REVENUE 3,668, L50,886 L00.0?

COST OF SAIES 1,138,243,LsL 3L.0t

GROSS MARGIN 2,529 ,907 ,735 59. 0t

DEPARTMENTAL EXPENSES Bad Debt Expense 2,397 ,954 0.r-t Complimentary Expense 35,790,787 1. 0? Payroll - Taxes L53 ,285 ,27 O 4.sz Payroll - Employee Benefits ... 37L,293,233 10. r-t Payroll - officers ... L5 , O59 ,864 0 .4t Payroll - Other Employees L,296,096,484 3s.3? Other Departmental E>rPenses 247 ,322 ,633 6.7* TOTAL DEPARTMENTAL EXPENSES 2 ,13L,246 ,t25 58 .1?

DEPARTMENTAI INCOME (LOSS) 398 661 610 r.0 . 9?

BEVERAGE DEPARTMENT REVENUE DOLLARS PERCENT Beverage Sales L,024, 980,403 6t_.5* Complimentary Beverage Sales ... 642 ,509 ,55L 38.5t TOTAL REVENUE 1.667 .489.964 100.0t

COST OF SALES 3L8 ,46L,57]- l-9. Lt

GROSS IiIARGIN L,349,028,393 80.9t

DEPARTMENTAT EXPENSES Bad Debt Expense 542 ,757 0.0? Complimentary Expense 38 ,895 ,720 2.32 Payroll - Taxes 45,330,l-94 2.72 Payroll - Employee Benefits ... 94 ,758 ,867 s.7* Payroll - officers ... 1, L3l_,548 0.1? Payroll - Other Employees 3OO ,326 , L32 l-8.0? Other Departmental Expenses 277,280,050 L6.6* TOTAI DEPARTMENTAI EXPENSES 758.275.258 45.5t

DEPARTMENTAL INCOME (LOSS ) s90 753 L25 35.4t COMBINED INCOME STATEMENT - DETAIL (CONTINUED) 3-5

Fiscal Year 201-5 Statewi-de Casinos with Rooms Facilities With Gaming Revenue of $1,000,000 and over Amounts Represent 138 Locations.

OTHER INCOME REVENUE DOLLARS PERCENT Other Operating and Non-operating Income 2,875,403, 190 95.0? Other Complimentary Items ... LsL,292,763 5. 08 TOTAL REVENT'E 3 ,026 ,695 ,953 100 . 0t

COST OF SALES 3L7,761-,773 10 .5t

GROSS IiIARGIN 2 ,708, 934, 180 89.5?

DEPARTMENTAI EXPENSES Bad Debt Expense L2 ,635 ,417 0.4t Comp1imentsary Elpense 4L,7O0,837 L.4+ Payroll - Taxes 46 ,295 ,0L6 1. st Payroll - Employee Benefits ... 87, 331_, 848 2.9* Payroll - Officers ... 3, 545, 609 0.1t Payroll - Other Employees 45L,62L, O52 t4 .9* Other Departmental Expenses 595 ,7J.5 ,638 L9.7* TOTAL DEPARTMENTAL EXPENSES 239 .845 .4L7 4r-.0t

DEPARTMENTAIJ INCOME (LOSS ) 469 088 763 48.5?

AVERAGE NT,]MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 39 ,652 ROOMS DEPARTMENT ... 30 ,423 FOOD DEPARTMENT 42 ,870 BEVERAGE DEPARTMENT ... 1L , 95l_ G&A DEPARTMENT... 26,070 OTHER DEPARTMENTS 11,583

TOTAL L62 ,549 3-5 ROOM OCCUPAIICY A}ID PER ROOM PER DAY ANAIYSIS

Fiscal Year 2015 Statewide Casinos wiEh Rooms Facilities With Gaming Revenue of $1,000,000 and over Amounts Represent 138 Locations.

RATE OF ROOM OCCUPANCY

toF AVAILABLE ROOMS OCCUPANCY MONTH ROOMS OCCUPIED (COMPUTED) .JULY . 4,357,844 3 , 935, 958 88.02t AUGUST 4,355,554 3,757 ,085 86.26t SEPTEI4BER 4,275,435 3 ,582 , 602 83.80t OCTOBER 4 ,396 ,875 3,740,696 85 . 08t NOVEMBER 4 ,235 ,'789 3, 356, 915 79.25\ DECEMBER 4,296 ,072 3,209,979 74.70? JAIVUARY 4 ,398 ,925 3 ,466 ,02L 78.79* FEBRUARY 3,987 ,335 3 ,292 ,694 82.33? MARCH 4 ,428 ,464 3,796,L86 85.722 APRIL 4 ,305 , 945 3,703,578 86.0r-B IqAY . 4 , 403 ,293 3 ,923 ,60g 86 .84? .TIINE 4,262,LgL 3.707 .938 87.00t

TOTAL 5l ,703,7L2 43 262 37]- 83.6'72

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sa1es Per Room Per Day 75.57 Per Room Per Day 38.54

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day ]-47.65 Per Room Per Day 3L .67

Average Food Sa1es Average Room Rate Per Room Per Day 84.79 Per Day L24.53 PER SQUARE FOOT AI{ALYSIS AND RATTOS 3-7 Fiscal Year 2015 Statewide Casinos with Rooms Facilities With Gaming Revenue of $l-,000,000 and over Arnounts Represent 138 Locations.

GAMING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAI,IING REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Includes Bingo and Keno) L27 11,035 2 ,333 Coin Operated Devices L3I 42,239 L,096 Poker and Pan 67 2,248 940 Race and Sports 66 5, 051 530

TOTAL CASINO 138 55 ,902 L ,297

RATIOS PERCENT TOTAI CI,]RRENT ASSETS TO TOTAI CURRENT LIABILITIES ]-37 .42

TOTAL CAPITAL TO TOTAL LIABILITIES 26.2*

TOTAI CAPITAI TO TOTAI CURRENT LIABILITIES 69.L*

TOTAL CURRENT LIABILITIES TO TOTAL LIABILITIES 37.92

TOTAI COMPLIMENTARY EXPENSE TO GAI4ING REVENT,'E 26.42

MUSIC AIiID ENTERTAINMENT EXPENSES TO GAI{ING REVENUE 3 .4?

TOTAI REVENUE TO AVERAGE TOTAL ASSETS 29 .62

TOTAT REVENUE LESS COMP SALES TO AVERAGE TOTAL ASSETS 26.52

RETURN ON INVESTED CAPITAL* 3.st

RETI]RN ON AVERAGE ASSETS* 1. 9t

* - FORMULAS Return on Invested Capital is equal to the total of net income (before federal income Uaxes and extraordinary items) and j-nterest expense divided by the total of average total assets less average current liabilities. Return on Average Assets is equal to Ehe total of nets income (before federal income taxes and extraordinary items) and inEerest expense divided by the average total assets. 3-8

THIS PAGE LEFT INTENTIONALLY BLANK COMBINED BAI,ANCE SHEET 3-9 Fiscal Year 20L5 Statewide Casinos with Rooms Facilities With Gaming Revenue of $1, 000, 000 uo $12 , 000, 000

AmounLs Represent 35 Locations.

ASSETS CIJRRENT ASSETS DOLI,ARS PERCENT Cash . 43,377,739 15.38 Receivables TOTAL AILOWAI{CE Casino 8,959,3L3 234,0LL 8,725,302 3.1? Trade 2,195,47L 35,858 2,158,6L3 0.8t Sundry 2,389,395 2,500 2,386,895 0.8? Notes 75,777 4,000 7L,777 0.0t Prepaid E),q)enses 7 ,793,259 2.7* Other Current Assets L4,293,236 5.0t TOTAI CURRENT ASSETS 78,806,821 27.8*

FIXED ASSETS DEPRECIATION Land 24,724,848 24 ,724 ,848 8.7* Land Improvements L5 ,1-16 ,937 I ,46L,39L 5 ,655 ,546 2.3* Buildings & Improvements 135 ,536 ,46]- 63 ,613 ,537 7L,922 ,924 25.4t Furnj-ture c Eguipment t66 ,996 ,2L9 L04 ,663 ,624 62 ,332 ,595 22.0* Lease Improvements L3 , 498 ,7 66 5 ,293 , 926 I ,214 ,840 2.9t Construction in Progress 18, 897, 803 l-8 , 897, 803 6.7* TOTAL FrXED ASSETS L92,748,556 58.0?

OTHER ASSETS o72 32s 4.3*

TOTAI ASSETS 283 627 702 r.00.08

LIABILITIES AI{D CAPITAL CURRENT LIABILITIES Accounts Payable - Trade t0,279,504 3.6* Accounts Payable - Other 8 , L64 ,930 2.9* Current Portion of Long-Term Debt 3,253,938 r.. r.t Accrued Expenses L5 ,546 ,520 s.st Other Current Liabilities LoL,820 ,278 35.9t TOTAI CURRENT LIABTLITIES r_39, 06s, 070 49 .0t

LONG-TERM DEBT TOTAL OWING CURRENT PORTION Mortgages 88,045,L66 540,608 87, 504, 558 30.9t Debentures&Bonds 0 0 0 0.0t Notes 45,574,965 L,2L6,!17 44, 358, 848 15.6? Contracts 3,087,301 L,286,1L3 1,80L, l-88 0.6t Other L,596,5L9 211-,000 l_, 395, 618 0. st TOTAL LONG-TERM DEBT 138,304,050 3,253,838 L35 ,050 ,2L2 47.62 OTHER LIABILITIES 9,874,759 3.st TOTAL LIABTLITIES 243 .990 . O4L 100.1t

CAPITAL owners Capital Accounts 54 ,7 46 , 353 r_9.3t Capital Stock & ot,her Capital 85, 483, 031 30. l-t Retained Earnings -140,59L,723 -49.6* TOTAI CAPITAL -362 .339 -0.1?

TOTAI LIABILITIES AND CAPITAL. 283 627 702 r-00.0t

Average AsseUs Upper Quartile Median Lower Quartile 8 , L03 ,549 L0,735,02'7 5 ,349 , 492 1,315,843 3-10 COMBINED INCOME STATEIVIENT - SUMMARY

Fiscal Year 2015 Statewide Casinos with Rooms Facilities with Gaming Revenue of $1-,000,000 to $L2,000,000

AmounUs Represent 35 Locations.

REVENUE DOLLARS PERCENT Gaming L89 ,244 ,417 58.6t Rooms 4L,573 ,952 L2.9* Food . 46 , L28 ,629 l-4.3? Beverage 25,077 ,7t5 8.1t Other 20,]-85,725 6.2? TOTAI REVENUE 323 ,210 ,438 100.0t

COST OF SALES 43 ,025 ,403 13.38

GROSS MARGIN 280,185,035 86.7*

DEPARTMENTAI EXPENSES L'75 ,87L, 926 54 .42

DEPARTMENTAI INCOME (LOSS) l_04 313 l-0 9 32.3t

GENERAL AND ADMINISTRATIVE EXPENSES Advertising and Promotion 8,225,500 2-5t Bad Debt E2q)ense 84,335 0.0? Complimentary Expense (not reported in departments) ...... 4,273,324 1.3t Depreciation - Buildings 4,933,095 1-.5t Depreciation and Amortization - Other LL,073,576 3-4* Energy Elqgense (electricity, 93s, etc.) LL,671,747 3-5t Eguipment Rental or Lease 235,773 0-18 Interest Expense 5,670,888 1.8t Music and Entertainment 38L,778 0.1? Payroll Taxes 3,a27,8o7 1--0t Payroll - Empl-oyee Benef its . . . 4 ,209 ,255 l- - 3* Payroll - Officers ... L,676,863 0.5? Payroll - Other Employees 28,243,538 8-78 Rent of Premises 5,381,847 L.1t Taxes - ReaI Estate 2,609,909 0.8? Taxes and Licenses - Other L,044,225 0.3t Utilities (Other than Energy Expense) 2,637,255 0.88 Other General and Administrative Expenses L8,786,520 5.8t TOTAL GENERAL AI{D ADMINISTRATIVE EXPENSES 1l-4,267,235 35.4t

NET INCOME(LOSS) BEFORE FEDERAL INCOME TN(ES AND EXTRAORDINARY ITEMS . . . -9 954 L26 -3.1t

Average Revenue UpDer Quartile Median Lower Quartile 9 ,234 ,584 l_3,040,991 g ,479 ,068 4 ,235 ,31,5 COMBINED INCOME STATEMENT - DETAIL 3-1]. Fisca1 Year 2015 Statewide Casinos with Rooms Facilities with Gaming Revenue of $1,000,000 to $l-2,000,000 Amounts Represent 35 Locations.

CASINO DEPARTMENT

REVENUE DOLLARS PERCENT --PIETerenue (Tncludes Keno and Bingo) 20 ,035 , L25 10 .6t Coin operated Devices L67 ,820,756 88.7? Poker and Pan 254 ,780 0.r-t Race Book L63 ,245 0.1-? Sports Pool 97O,sLL 0 .5? TOTAI REVENUE t_8 9 244 ,4L7 100.0?

DEPARTMENTAL EXPENSES Bad Debt E>pense L9,366 0.0t Commissions L,923 ,5L6 r_. 0t Complimentary Expense . 23,957 ,532 L2.7t Gaming Taxes and Licenses 16 ,244 ,1LO 8 .6? Preferred Guest Expenses (no complimentaries) 2 ,923 ,072 r_. s8 Payroll Taxes 3 ,2gg , gLo L.7* Payroll - Employee Benefits ... 2 , 056 ,268 r-.1t Payroll - Officers ... 287,628 0.2* Payroll - Other Employees 24 ,992 ,717 t3.2? Race Wire Fees 0 0.03 Other Departmental ExPenses L8,945,777 r.0 .0t TOTAI DEPARTMENTAL EXPENSES 94 .546 , 496 s0.0?

DEPARTMENTAL INCOME (LOSS ) 94 697 921 50.0?

ROOMS DEPARTMENT

REVENUE DOLLARS PERCENT Room Sales ... 36, 830, 153 88.6? Complimentary Rooms ... 4,743,799 LL.42 TOTA], REVENUE 41-.573 , 952 r.00.0t

DEPARTMENTAI EXPENSES Bad Debts Expense t25 ,726 0.3t Complimentary Expense . 903,548 2.2t Payroll - Taxes !, ]-3o , 499 2.7* Payroll - Employee Benefits ... 797 ,465 r_.9t Payroll - Officers ... 22 ,8L5 0.r_t Payroll - Other Employees LO ,456 ,240 2s.2t Other Departmental Expenses L2 ,404 ,297 29.82 TOTAL DEPARTMENTAL EXPENSES 25 .840 .590 62.2*

DEPARTMENTAL INCOME (LOSS ) 15 733 362 37.82 3-t2 COMBINED INEOME STATEMENT - DETAIL (CONTINUED) Fiscal Year 2015 Statewide Casinos with Rooms Facilities with Gaming Revenue of $1,000,000 to $12,000,000 Arnounts Represent 35 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sa1es ... 36,2L2,2O5 78 .5t Comp1imenEary Food Sales 9 ,9!6 ,424 2L.s* TOTAL REVENUE 46 .1-28 . 629 100.0t

COST OF SALES 23,737 ,03L 51.5?

GROSS IiIARGIN 22 ,39L,598 48 .5?

DEPARTMENTAL EXPENSES Bad DebL Expense 0.0? Complimentary Expense 743 ,6L3 1.5t Payroll - Taxes 2,620 ,9LO 5.72 Payroll - Employee BenefiEs ... L,49L,442 3.2t Payroll - Officers ... 45, 1_35 0.1t Payroll - Other Employees 2L,4L5 ,6L5 46.4* Other Departmental Expenses 4 , 395, 304 9. st TOTAL DEPARTMENTAL EXPENSES 30 .7 02 . Ot9 66.63

DEPARTMENTAI INCOME (LOSS) -8 3L0 ,421 -18.0t

BEVERAGE DEPARTMENT REVENUE DOLLARS PERCENT Beverage Sales g, Ll_3 , 985 31.1t Complimentary Beverage Sales ... L7 ,963,730 58.9t TOTAL REVENUE 25,077 ,7L5 100.0?

COST OF SAIES 8,298,829 31.8?

GROSS MARGIN L7 ,778,885 68.2*

DEPARTMENTAL EXPENSES Bad Debt Expense 0.0? Complimentary Expense . 1, L22 ,403 4.3? Payroll - Taxes 1,001,195 3.8t Payroll - Employee Benefits ... 708 ,652 2.72 Payroll - Officers ... 5,950 0.0? Payroll - other Employees 5 ,51_7 ,254 21-.2* Other Departmental ExPenses 1_,921-,93]- 7 .42 TOTA], DEPARTMENTAL EXPENSES L0.277,285 39.42

DEPARTMENTAL INCOME (LOSS ) 501 50r_ 28.8* COI4BINED INCOME STATEMENT - DETAIL (CONTINUED) 3-r.3

Fiscal Year 2015 Statewide Casinos with Rooms Facilities With Gaming Revenue of $L,000,000 to $12,000,000 Amounts RepresenU 35 Locations.

OTHER INCOME REVENUE DOLLARS PERCENT Other Operating and Non-operating Income L9,527,323 96.72 Other Complimentary ltems ... 658 ,402 3.3t TOTAL REVENUE 20.185.725 r_00.0t

COST OF SALES l_0, 989, 543 54.42

GROSS I,IARGTN 9,!96,]-82 45.62

DEPARTMENTAI EXPENSES Bad Debt Expense -386 0 .0? Complimentary Expense . 2 ,224 ,899 r.r_. 0t Payroll - Taxes 451,500 2.2? PayroII - Employee Benefits ... 263 ,43L r_. 3t Payroll - Officers ... 1_1_6 ,609 0.6t Payroll - Other Employees 3,869,530 19.22 Other Departmental Expenses 7 ,579,953 37.6* TOTAI DEPARTMENTAL EXPENSES l_4,505,536 71.9*

DEPARTMENTAI INCOME (LOSS ) -5 309 354 -26.32

AVERAGE NUMBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... L,37 9 ROOMS DEPARTMENT ... 570 FOOD DEPARTMENT l_, l-98 BEVERAGE DEPARTMENT ... 400 G & A DEPARTMENT ... 980 OTHER DEPARTMENTS 2L2

TOTAL 4 ,739 3-14 ROOM OCCUPAI{CY AND PER ROOM PER DAY ANALYSIS

Fiscal Year 201-5 Statewide Casinos with Rooms Faci-lities With Gaming Revenue of $L,000,000 to $12,000,000

AmounUs Represent 35 Locations.

RATE OF ROOM OCCUPAIYCY

?OF AVAILABLE ROOMS OCCUPANCY MONTH ROOMS OCCUPIED (COMPUTED) ,JI'LY . l-32,358 80, 356 60.7L2 AUGUST L32 ,480 73 ,985 5s. 85t SEPTEMBER L02, 511 54 ,52L 53 . L9? OCTOBER L26 ,071 58,213 46.L72 NOVEMBER LL1,789 49 ,028 4L.62? DECEIVIBER L21,426 46 ,447 38.252 .]ANUARY LL9 ,759 5t,0L4 42.60* FEBRUARY LL9 ,744 56,285 47 .OOZ MARCH L27,942 65 ,266 51.01? APRIL L27,196 62,480 49.]-23 MAY . t38,240 68 ,202 49.34* .fUNE L37 .072 69 ,5O7 50.71t

TOTAL 502 s88 735 304 48 .94*

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 27 .25 Per Room Per Day 35 .47

Average Rooms Average Slot Revenue DeparLment Payroll Per Room Per Day 228.23 Per Room Per Day 1,6.87 Average Food Sales Average Room Rate Per Room Per Day 52.73 Per Day 56.54 PER SQUARE FOOT AI{AIYSrS Ar[D RATIOS 3-]-5 Fiscal Year 2015 Statewide Casinos with Rooms Facilities with Gaming Revenue of $1-,000,000 to $12,000,000 Amounts Represent 35 Locations.

GAI,ITNG REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAI,IING REVENI,E AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Includes Bingo and Keno) 25 2 ,302 348 Coin Operated Devices 35 t2 ,339 389 Poker and Pan 4 311 205 Race and Sports 3 633 597

TOTAL CASINO 35 14 ,073 384

RATIOS PERCENT TOTAL CURRENT ASSETS TO TOTAL CURRE}ilT LIABILITIES 56.7*

TOTAL CAPITAI TO TOTAL LIABTLITIES -0. l-?

TOTAL CAPITAI TO TOTAL CURRENT I,IABILITIES -0.3?

TOTAL CURRENT LIABILITIES TO TOTAL LIABILITIES 49 .0*

TOTAL COMPLIMENTARY EXPENSE TO GAI{ING REVENI'E 17.6*

MUSIC AIVD ENTERTAINMENT EXPENSES TO GAI,IING REVENUE 0.2*

TOTAL REVENUE TO AVERAGE TOTAI ASSETS ]-t2.4z

TOTAL REVENT,]E LESS COMP SATES TO AVERAGE TOTAL ASSETS 100.8t

RETURN ON INYESTED CAPITAI -4.5*

RETI,iRN ON AVERAGE ASSETS* -l-.5?

FORMULAS Return on Invested Capitsal is egual to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the totra1 of average total assets less average current liabil-ities. Return on Average Assets is egual to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the average total assets. 3-t-6

THIS PAGE LEFT ]NTENTIONAILY BLANK COMBINED BAIANCE SHEET 3 -1-7 Fiscal Year 2015 Statewide Casinos with Rooms Facilities With Gaming Revenue of $l-2, 000, 000 to $35, 000, 000

Arnounus Represent 30 Locations.

ASSETS CURRENT ASSETS DOLLARS PERCENT Cash . 1-70,808,302 8.5t Receivables TOTAL AILOWAI{CE Casino 7 ,728,802 2 ,476 , ggg 5 ,25L, 904 0.3? Trade 40,087 ,877 L,259 ,267 38, 828, 6l-0 2.0* Sundry 10, 859, 546 0 L0,859,546 0.5? Notes l-34,363,631 0 L34 ,363 , 634 5.8t Prepaid Expenses 3L,052 ,184 L.6* Other Current Assets L63,743,240 8.2+ TOTAL CI'RRENT ASSETS 554,907 ,417 27 .9*

FTXED ASSETS DEPRECIATTON Land 302 ,208 , 497 302 ,208 , 497 Ls.2? Land Improvements LL2 ,514 ,563 7,ggo,o5g 7-04 ,624 ,494 5.3? Buildings & Improvements 736,356,496 t3L ,393 ,759 604 ,962 ,737 30. s& Furniture c EguipmenE 534 ,584 ,679 297,570,524 237 ,0L4 ,]-55 1r-. 9t Lease Improvements 24,373,378 6,557 ,292 L7 ,806,086 0. 9t construcuion in Progress 1,4 ,248 ,849 L4 ,248 ,849 0.7t TOTAL FIXED ASSETS 280.864.818 64.s+

OTHER ASSETS L49 885 247 7 .st

TOTAL ASSETS 985 657 482 r-00.0t

LIABILITIES AIID CAPITAL CURRENT LIABILITIES AccounUs Payable - Trade 23,L25,897 L.2\ Accounts Payable - OEher 28,985,013 l-.5? Current Portion of Long-Term Debt 46,220,403 2.3t Accrued Expenses 74,323,465 3.7? Other Current Liabilities 63,6L6,489 3.23 TOTAL CITRRENT LTABTLTTTES 236,27r,267 11.9t

LONG-TERM DEBT TOTAL OWING CURRETIT PORTION Mortgages 30,500,000 0 30, 500, 000 1.5t Debentures & Bonds 25,'725,427 0 25 ,725 ,427 1.3? Notes 225,921,423 43,501-,337 L82 ,420 ,086 9.22 Contracts 5 ,066 ,082 2 ,583 ,942 2 ,482 , L40 0.1-? Other 632,0]-4,32L L35,]-24 63L,879 , L9'7 31. 8t TOTAI LONG-TERM DEBT 9]-9,327,253 46,220,403 873, 106, 850 44.0* OTHER LIABILITIES 208,362,267 L0.5t TOTAL LIABILITIES 3]-7 ,740,384 66.4t

CAPITAL Owners Capital Accounts 228 ,648 ,502 1-l-.5? Capital Stock & Other Capital 384 ,698 ,897 L9.4* Retained Earnings 54 ,569 , 699 2.7* TOTAI CAPITAL 667 .9L7 .098 33.6t

TOTAT LfABILITIES A}ID CAPITAI 985 657 482 100.0t

Average Assets Upper Quartile Median Lower Quartile 55, 188, 583 66,977 ,842 34 ,605 ,693 2L,272 ,389 3-18 COI\4BINED INCOME STATEMENT - SUMMARY

Fiscal Year 2015 Statewide Casinos with Rooms Facilities With Gaming Revenue of $12,000,000 to $35,000,000 Amounts Represent 30 Locatj-ons.

REVENUE DOLLARS PERCENT Caming 701,057,055 48.4* Rooms i.... 267 ,223,79L 18 .4? Food . 223 ,574 ,490 15 .4? Beverage ]-l3 ,269 , 07 9 7 .8* Other 143 , 952 ,7 66 9 .9? TOTAI REVENUE 449.O77 .LgL 100 . 0?

COST OF SALES L88 ,29L , 960 l-3 . 0 ?

GROSS MARGIN L,260 ,785,22L 87. 0t

DEPARTMENTAI EXPENSES 779 ,474,2L8 53 .88

DEPARTMENTAI INCOME (LOSS) 481 3 l_1 003 33.2t

GENERJAL AI.ID ADMINISTRATIVE EXPENSES Advertising and Promotion 45 ,453 ,364 3.1t Bad Debt Expense 58, 400 0.0t Complimentary Expense (not reported in departments) ...... 37, 050, 115 2.6* Depreciation - Buildings 37,680,242 2.62 Depreciation and Amortization - Other 67 ,61-3 ,586 4.72 Energy Elq)ense (electricity, 94s, etc.) 37, 580, 361 2.6+ Eguipment Rental or Lease L, 97 0 ,3L4 0.1? Interest Erq)ense 55, 005, 4L8 3.8? Music and Entertainment 5,286 ,582 0 .4? Payroll Taxes t3,226,480 0.9t Payroll - Employee Benefits ... 26 ,608 ,86L r_.8t Payroll - Officers ... L4 ,82t,058 1. 0t Payroll - Other Employees L2L,620 ,696 8.4* Rent of Premises 27 ,776,844 1. 9t Taxes - Real Estate 7,607,260 0.st Taxes and Licenses - Other 6 ,262 ,862 0 .4t Utilities (Other than Energy Expense) 9 ,072 , L51 0.6t other General and Administrative Expenses 2L,887,786 1. 5? TOTAI GENERAL A}TD ADMINISTRATIVE EXPENSES 536 ,582 .480 37.0t

NET INCOME (LOSS) BEFORE FEDEP.AL INCOME TA)GS AIID EXTRAORDINARY ITEMS . . . -55,27L 477 -3.8?

Average Revenue Upper Quartile Lower Quartile 48,302,573 52 ,898 ,780 44 ,9L6 ,697 28,737 ,786 COI4BINED INCOME STATEMENT - DETAIL 3-].9 Fiscal Year 2015 Statewide Casinos with Rooms Facilities With Gaming Revenue of $1-2,000,000 to $35,000,000 Amounts Represent 30 Locations.

CASINO DEPARTMENT

REVENUE DOLLARS PERCENT Pit Revenue (Includes Keno and Bingo) ... 117,640,390 16.8? Coin Operated Devices 573 ,543 ,458 81.8? Poker and Pan 4,746,779 0.72 Race Book 2 , ogg ,929 0.3t Sports Pool 2,937 ,599 0 .4? TOTAL REVENUE 701. 057. 055 100.0t

DEPARTMENTAL EXPENSES Bad Debt Expense 2,005,421 0.3t Commissions Lt,222,903 1.6t Complimentary Expense . t20,t12,560 17.]-t Gaming Taxes and Licenses 55,492,736 7.9* Preferred Guest Expenses (no complimentaries) ... 4,665,3L6 0.7t Payroll Taxes L3, 953,093 2.0* Payroll - Employee Benefits ... L6,257 ,708 2.3* Payroll - Officers ... L,4L8 ,027 o.2t Payroll - Other Employees 99 ,225 , LL4 14.22 Race Wire Fees 521_,462 0.1? Other Departmental Expenses 59,457 ,538 8.st TOTAL DEPARTIiIENTAL EXPENSES 384 . 351. 878 54.8?

DEPARTMENTAL INCOME ( LOSS ) 315 705 L77 45.2*

ROOMS DEPARTMENT

RE\IENUE DOLLARS PEREENT Room SaLes ... 2L7 ,L74,940 81.3t Complimentary Rooms ... 50, 048, 851 l-8 . 7t TOTAL REVENUE 267.223.79L 100.0t

DEPARTMENTAL EXPENSES Bad Debt Expense 985 ,432 0 .4t Complimentary Expense . 3,761,433 1.4t Payroll - Taxes 6 ,335 , O2l 2.3t Payroll - Employee Benefits ... L0,747,425 4.0? Payrol} - Officers ... 564 ,218 0.2* Payroll - Other Employees 59 , 665 ,948 26.12 OEher Departsmental Expenses 5l_, 050 , 353 l-9 . l-? TOTAI DEPARTMENTAI EXPENSES 143.209.830 53.5E

DEPARTMENTAL INCOME (LOSS) L24 013 96]. 46 .4* 3 -20 COMBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 Statewide Casinos with Rooms Facilities With Gaming Revenue of $12,000,000 to $36,000,000 Arnounts Represent 30 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sa1es ... L75 , 004 ,348 78.3t Complimentary Food Sales 48,570,142 2L.7t TOTAL REVENUE 223 ,574 ,490 r-00.0?

COST OF SALES 95 , 445 ,160 42.7*

GROSS MARGIN L28,L29,330 57 .32

DEPARTMENTAL EXPENSES Bad Debt Expense 15, 375 0.0t Complimentary Expense 4,041,539 r_. 8t Payroll - Taxes L2 ,055 ,65L s.4* Payroll - Employee BenefiEs ... t6 ,368 , 67 I 7 .3* Payroll - officers ... 6 ,101 ,2L8 2.72 Payroll - Other Employees 88 ,623 ,490 39.5t Other Department.al Expenses 18, 535, 309 8.3t TOTAL DEPARTMENTAI EXPENSES ]-45.742.259 65.2*

DEPARTMENTAL INCOME (LOSS ) -]-7 6L2 929 -7 -9*

BEVERAGE DEPARTMENT REVENUE DOLLARS PERCENT Beverage Sales 53 ,096 ,997 46 -9* Complimentary Beverage Sales ... 60,L72,O82 s3.1t TOTAL REVENT'E LL3 ,269 , 07 9 r-00.0?

COST OF SALES 28,347,963 25.0?

GROSS MARGIN 84 ,92]-,LL6 7s .0?

DEPARTMENTAL EXPENSES Bad Debt Expense 87 0.0? Complimentary Expense 6, 360, 6gg s.6t Payroll - Taxes 3 ,856 ,425 3 .4t Payroll - Employee Benefits ... 5,547,L37 4 .9? Payroll - Officers ... 649 ,858 0.6t Payroll - Other Employees 25 ,695 ,747 22.7* Otsher Departmental Expenses 26 ,462 ,978 23 .4t TOTAL DEPARTMENTAL EXPENSES 68 ,572 ,920 60. st

DEPARTMENTAL INCOME (LOSS ) L6 348 L96 L4.4+ COMBINED INCOME STATEMENT - DETAIL (CONTINUED) 3-2].

Fiscal Year 2015 Statewide Casinos with Rooms FaciliEi-es With Gaming Revenue of $12,000,000 to $35,000,000 Arnounts Represent 30 Locations.

OTHER INCOME REVENUE DOLLARS PERCENT Other Operating and Non-operating Income 1-37 ,780,298 95.72 Other ComplimenLary ftems ... 6 ,1-72 ,468 4.3t TOTAL REVENI]E L43 ,952,766 100.0t

COST OF SALES 64 ,498 ,837 44 .Az

GROSS MARGIN 79,453,929 55.2*

DEPARTMENTAL EXPENSES Bad Debt Expense L,934 0.0t Complimentary $q)ense . 942,052 0.7* Payroll - Taxes L,975 ,942 1.4t Payroll - Employee Benefits ... 2 ,335 , g7g 1.6t Payroll - officers ... 324 ,645 0.2* Payroll - other Employees !5,907 ,4!2 l-l-. 1t other Departmental Expenses 16,L09,467 tL.2* TOTA]. DEPARTMENTAI EXPENSES 37.597.334 26.L*

DEPARTMENTAI, INCOME (LOSS) 4L 855 598 29.1?

AVERAGE NI'MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 4,301 ROOMS DEPARTMENT ... 2 ,953 FOOD DEPARTMENT 4 ,656 BEVERAGE DEPARTMENT ... L,442 G & A DEPARTMENT ... 3 ,064 OTHER DEPARTMENTS 737

TOTAI 17, 153 3-22 ROOM OCCUPAIICY AI{D PER ROOM PER DAY AI{ALYSIS

Fiscal Year 2015 Statewide Casinos with Rooms Facilities With Gaming Revenue of $1-2,000,000 to $36,000,000 Amounts Represent 30 Locations.

RATE OF ROOM OCCUPAT{CY

toF AVATLABLE ROOMS OCCUPAI{CY MONTH ROOMS OCCUPfED (COMPUTED) ,]ULY . 522 ,386 37L,907 7L.1,9+ AUGUST 536 ,829 369,764 68.88t SEPTEI4BER 552 ,758 346 ,545 62 .693 OCTOBER 573 ,684 375, 508 65.45* NOVEMBER 552 ,869 330, 513 s9.78t DECEI1IIBER 539,101 305,246 s6.62+ JAIVUARY 569 ,557 345 ,340 50.53t FEBRUARY 509,2LL 328 ,064 64.432 l,tARCH 562,288 378 ,492 67 .3LZ APRIL 542,2L5 369 ,624 68.t7t MAY . 505,531 340,372 67 .33? .fI]NE 482,96]- 3r_8,813 56.01t

TOTAI 449 390 180 t_88 64.82*

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 28.14 Per Room Per Day 27 .LO

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day L37 .23 Per Room Per Day 20 .9L Average Food Sales Average Room Rate Per Room Per Day 53 .48 Per Day 63.93 PER SQUARE FOOT ANAIYSIS AND RATIOS 3-23 Fiscal Year 201-5 Statewide Casinos with Rooms Facilities With Gaming Revenue of $L2,000,000 to $35,000,000 Amounts Represent 30 LocaEions.

GAI4ING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAMING REVENIIE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit. (Inc1udes Bingo and Keno) 29 6 ,507 623 Coin Operated Devices 30 29 ,88L 640 Poker and Pan 16 L,071 277 Race and SporEs 6 L,372 611

TOTAL CASINO 30 37 ,0L7 631

RATIOS PERCENT TOTAL CT'RRENT ASSETS TO TOTAL CI'RRENT LIABILITIES 234.9*

TOTAL CAPITAI, TO TOTAI LIABILITTES s0.7t

TOTAL CAPITAL TO TOTAI CURRENT LIABILITIES 282.7*

TOTAL CURRENT LIABILITIES TO TOTAL LIABILITIES L7 .9*

TOTAI COMPLIMENTARY EXPENSE TO GA$TING REVENI'E 24.6*

MUSIC AND ENTERTAINMENT EXPENSES TO GAMING REVENTIE 0.8?

TOTAL REVENUE TO AVERAGE TOTAL ASSETS 76.22

TOTAL REVENUE LESS COMP SALES TO AVERAGE TOTAL ASSETS 67 .5t

RETI'RN ON IIWESTED CAPITAL* 0 .0?

RETI'RN ON AVERAGE ASSETS* 0 .0?

* - FORMUI.AS Return on rnvested Capital is egual to the total of net income (before federal income taxes and extraordinary items) and interest elq)ense divided by the total of average total assets less average current liabilities. Return on Average AsseLs is egual to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the average total assets. 3-24

THIS PAGE LEFT INTENTIONALLY BLANK COMBINED BALANCE SHEET 3-25 Fiscal Year 2015 Statewide Casinos with Rooms Facilities With Gaming Revenue of $35, 000, 000 to $72, 000, 000 funounts Represent 33 Locations.

ASSETS CURRENT ASSETS DOLI,ARS PERCENT Cash . 3l-L, 51-8 , 54 9 4.st Receivables TOTAT ALLOWANCE Casino 2L,146 , 6L8 g ,429 ,569 12 ,7L8 ,050 0.2* Trade 45,527 ,532 3 ,253 ,9gL 42 ,273 ,54L 0.6? Sundry L79,836,374 5 ,949 t79,830,425 2.6* Not.es 772 ,665 0 772 ,665 0.0t Prepaid Expenses 69 ,0L0 ,663 r_. 0t Other Current Assets 542 ,754 ,8t3 7 .9* TOTAL CURRENT ASSETS 1,158 ,875,706 16.9t

FIXED ASSETS DEPRECIATION Land 2,086,897,6'78 2,086,897,678 30.3t Land Improvements 65,642,216 30,839, L05 34, 803, l-l-1 0 .5t Buildings & ImprovemenLs 3,053,L4L,8!2 997 ,029 ,082 2 , 056 ,7.12 ,730 29 .9* Furniture & Equipment L,395,608,279 l_, 105 ,669 ,759 289,938,520 4.2t Lease Improvements 66,069,942 38 ,046 ,623 28,023,3]-9 0.4t Construction in Progress 28L,296,792 281 ,296,792 4.lt TOTAL FIXED ASSETS 4,777,0'72,150 69.5t

OTHER ASSETS 940 205 290 L3.7?

TOTAI, ASSETS 876 r_55 L46 r00.0?

LIABILITIES AIiID CAPITAL CURRENT LIABILITIES Accounts Payable - Trade 5L,694 , L35 0 .8? Accounts Payable - Other 302,079 ,965 4.4* CurrenU Portion of Long-Term Debt 85,667,892 L.2* Accrued Expenses ]-59 ,4L4 ,634 2.3? Other Current Liabilities 84,302,873 1.2* TOTAL CURRENT LIABILITIES 683 , ]-59 ,499 9 .9t

LONG-TERM DEBT TOTAI, OWING CURRENT PORTION Mortgages 64,967,67L 43,399,67L 2l_, 558, 000 0.3t Debentures & Bonds L83,000,000 0 l_83, 000, 000 2.7* Notes !,424,023,785 t2,248,543 L,4LL,775,242 20. st Contracts 2,384,096 L,L82,297 L ,201,7 99 0.0t OEher 836,497,t33 28,837,38L 807 ,659,752 11-. 7t TOTAL LONG-TERM DEBT 2,5L0,872,685 85,667,892 2 , 425 ,204 ,7 93 35.3? OTHER LIABILIT]ES L89, 463, 080 2.82 TOTAL LIABILITIES 3,297 ,827 ,372 48.0t

CAPITAL O*ners Capital AccounEs L ,746 ,932 ,60]- 2s.42 Capital Stsock & other Capital 2,261_,878,090 32.9* Retained Earnings -430, 48L, gL7 -6.3? TOTAI CAPITAI 3.578 .328.774 52.O2

TOTAL LIABILITIES AND CAPITAL 876 r_55 L46 r-00.08

Average Assets Upper Quartile Median Lower Quartile 208, 368, 358 253,585,370 LLs,972,777 55,76L,574 3-26 COMBINED INCOME STATEMENT - SUMIUARY

Fiscal Year 2015 Statewide Casinos with Rooms Facil-ities with Gaming Revenue of $35, 000, 000 to $72, 000, 000 Arnounts Represent 33 Locations.

REVENUE DOLLARS PERCENT Gaming L,598 ,366 ,936 52.5t Rooms 57 4 ,',l O4 , 029 l-7.8? Food . 455, 0L8, 713 L4.LT Beverage 234 ,445 ,454 7 .2* Other 272,959,670 I .4t TOTAL REVENUE 3 ,235 ,494 ,802 100.0t

COST OF SALES 259 ,532 ,441 8.3?

GROSS MARGIN 2,965,962,36L 9L.72

DEPARTMENTA], EXPENSES 1,555 ,296,4L5 5]-.2t

DEPARTMENTAI INCOME (LOSS) 310 66s 946 40.5t

GENERAL A}TD ADMTNISTRATIVE EXPENSES Advertising and Promotion 65,579,183 2.0* Bad Debt Expense 392,703 0.0t Complimentary Expense (not, reported in departments) ...... 80,247,9L8 2.5* Depreciation - Buildings 99,744,L96 3.1-t Depreciation and Amortization - Other l-43,870,895 4.4* Energy Expense (electricity, 9ds, etc.) 74,835,508 2.3t Equipment Rental or Lease 5,471,471 0.2? Interest Expense 295,09L,L82 9.1t Music and Entertainment L7,9'7L,502 0.6? Payroll Taxes 22,758,903 0.7t Payroll - Employee Benefits ... 55,138,057 1.7* Payroll - Officers ... LL,9OL,O42 0.48 Payroll - Other Employees 233,448,482 7.22 Rent of Premises 44,020,456 L.4Z Taxes - ReaI Estate L9,231-,582 0.5? Taxes and Licenses - Other 9,849,858 0.3? Utilities (Other than Energy Expense) 2]-,760,562 0.7* Other ceneral and Administrative Expenses 322,895,656 1-0.0? TOTAI GENERAL AI{D ADMTNISTRATTVE EXPENSES L,524,209,L66 47.L?

NET INCOME(LOSS) BEFORE FEDERAL INCOME TA)(ES AI{D EXTRAORDINARY ITEMS -2I3 543 220 -6.6*

Average Revenue Upper Quartile Median Lower Quartile 98 ,045 ,297 L22 ,393 ,344 80,372,548 68 , t45 ,456 COIVIBINED INCOME STATEMENT - DETAIL 3-27 Fiscal Year 2015 Statewide Casinos with Rooms Facilities with Gaming Revenue of $36,000,000 to $72,000,000 Arnounts Represent 33 Locati.ons.

CASINO DEPARTMENT

REVENUE DOLI,ARS PERCENT Pit Revenue (Includes Keno and Bingo) 3'J,2 ,048 , L60 18 . 4t Coin Operated Devices r,343,889,337 79.L2 Poker and Pan g ,292 ,5gg 0.st Race Book 7 ,353,670 0.4? Sports PooI 25,793,171 1.6t TOTAI REVENUE 698 ,366 ,936 100.0t

DEPARTMENTAI EXPENSES Bad Debt Expense 3 ,626 ,565 0.2? Commissions L6 ,96L ,7 94 1. 0t Complimentary Expense . 257 ,864,975 ]-5.22 Gaming Taxes and Licenses L35 ,226 ,346 8 .0? Preferred Guest E>(penses (no complimentaries) ... 8, 958, 995 0 .5? Payroll Taxes 28 , 436 ,7 57 t.7z Payroll - Employee Benefits ... 46 ,360 , 681 2.72 Payroll - Officers ... 4 ,7-Lg ,021 0.23 Payroll - Other Employees L88,576,323 11. l-t Race Wire Fees 1,391,597 0.r-* Other Departmental Expenses L45 ,989 ,539 8.6t TOTAL DEPARTMENTAI, EXPENSES 838, 501, s93 49.4*

DEPARTMENTAL INCOME (LOSS ) 859 865 343 s0.68

ROOMS DEPARTMENT

REVENT'E DOLLARS PERCENT Room Sa1es ... 461, 653 , 838 80.3t Complimentary Rooms ... 113, 050, 191 19.7? TOTAL REVENUE 574.704.029 1-00.0?

DEPARTMENTAL EXPENSES Bad Debt Expense 979 ,555 o.2z Complimentary Elq)ense 9,937 ,458 1. st Payroll - Taxes 14,89L,503 2.5* Payroll - Employee Benefits ... 4L,343 ,645 7.t* Payro}l - Officers ... 1,026 ,945 0.2? Payroll - Other Employees L36 ,592 ,997 23.A* Otsher Departmental Expenses 88 ,524 , O94 15 .48 TOTAI DEPARTMENTAL EXPENSES 292.L96.L97 50.8t

DEPARTMENTAT INCOME ( LOSS ) 282 507 832 49.2* 3-28 COMBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 Statewide Casinos with Rooms Facilities With Gaming Revenue of $35,000,000 to $72,000,000 Amounts Represent 33 Locations.

FOOD DEPARTMENT REVENT'E DOLLARS PERCENT Food Sales ... 34L,231,939 75.0? Comptimentary Food Sales LL3,786,774 25.0t TOTAL REVENUE 455,018,713 l-00.08 cosr oF sALEs 179,495,535 39.4+ cRoss MARGTN 275,523,t78 60.6?

DEPARTMENTAL EXPENSES Bad Debt Expense 31_,47L 0.0t Complimentary Expense . 5, 076, 183 1. l-? Payroll - Taxes 23 ,312 ,643 5.r-t Payroll - Employee Benefits ... 5L,339 ,424 11. 3? Payroll - officers ... 2 ,228 ,586 0.5? Payroll * Other Employees L89 ,8]-3 ,552 4]-.7* Other Departsmental Expenses 25 ,LL3 ,590 s. st TOTA! DEPARTMENTAL EXPENSES 296 .9L5 .559 6s.3t

DEPARTMENTAI, INCOME (LOSS) -21. 392 381 -4 -7*

BEVERAGE DEPARTMENT REVENT'E DOLLARS PERCENT Beverage Sales L23,l-39,035 52.st Complimentary Beverage Sa1es ... 1l_1, 306, 419 47.5? TOTAI REVENUE 234 .445 .454 100.0?

COST OF SALES 57,582,608 24.5*

GROSS IVIARGTN 176,852,846 75.42

DEPARTMENTAT EXPENSES Bad Debts Expense 2,580 0.0t Complimentary E:,q)ense . 3 ,441,929 L.5t Payroll - Taxes I ,255 , 984 3 .5? Payroll - Employee Benefits ... L6 ,665 , LOo 7 .1-* Payroll - Officers ... 256 ,840 0.1t PayroII - Other Employees 54 ,9L2 ,!29 23.4* Other Departmental Expenses 20 , 946 ,328 8.9t TOTAL DEPARTMENTAL EXPENSES l_04 . 481, 890 44 .6*

DEPARTMENTAJ, INCOME (LOSS) 72 380 956 30.98 COMBINED INCOME STATEMENT - DETAIL (CONTINUED) 3-29

Fisca1 Year 2015 Statewide Casinos with Rooms Faci-liLies With Gaming Revenue of $36, 000,000 to $72,000,000 Amounts Represent 33 Locations.

OTHER INCOME REVENUE DOLI,ARS PERCENT Other Operating and Non-operating Income 25L ,34]- ,7 88 92.LZ Other Complj-mentary It,ems ... 2L,6]-7 ,882 7 .9* TOTAL REVENUE 272.959 ,670 100.0t

COST OF SALES 32 ,454 ,298 11. 9?

GROSS IVIARGIN 240,505,372 88.1?

DEPARTMENTAL EXPENSES Bad Debt Expense l.76 ,887 0.1? Complimentary Expense . L3 ,479 ,5L6 4.9* Payroll - Taxes 4 ,753 ,7 05 1.7? Payroll - Employee Benefits ... g ,]-41-,!3L 3 .3t Payroll - Officers ... 207,062 0.r-t Payroll - OEher Employees 43 ,842 ,097 16. 1t Other Departmental Expenses 5L,600,778 18.9t TOTAL DEPARTMENTAL EXPENSES ]-23 .201" . L7 6 4s.lt

DEPARTMENTAL INCOME (LOSS) LL1 ,304,L96 43.0t

AVERAGE NT,MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 7,L3L ROOMS DEPARTMENT ... 5, 004 FOOD DEPARTMENT 7,377 BEVERAGE DEPARTMENT . .. 2 ,562 G&A DEPARTMENT... 5,759 OTHER DEPARTMENTS t,699

TOTAL 29 ,532 3-30 ROOM OCCUPANCY AIVD PER ROOM PER DAY ANALYSIS Fiscal Year 2015 Statewide Casinos with Rooms Facilities With Gaming Revenue of $36,000,000 Eo $72,000,000

AmounUs Represent 33 Locations.

R,ATE OF ROOM OCCUPAIVCY

toF AVAIT.ARLE ROOMS OCEUPAI{CY ROOMS OCCUPIED (COMPUTED) .JIILY . 854 ,677 7]-5,357 83.70? AUGUST 842,900 684,750 8L.24* SEPTEMBER 824 ,626 654, l-08 79.322 OCTOBER 837 ,647 685 ,017 81.78& NOVEMBER 803,01-9 603,900 7s.20t DECEMBER 8L5,224 57L,768 70.]-4* ,JA}TUARY 850,413 6to ,047 7L -74* FEBRUARY 770,3L7 593, ol_4 76.98* }IARCH 853,361 705,743 8]-.742 APRIL 86L ,'7 94 702 ,906 81.56t MAY . 889,772 755,387 85.01t .JI'NE . e66 ,099 72A . AA8 84 . 16t

TOTAI 10 079 8 l_9 0 r_1 885 79.48*

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 38.95 Per Room Per Day 29.26

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day L67 .74 Per Room Per Day 24.20 Average Food Sales Average Room Rate Per Room Per Day 56.79 Per Day 7]. .73 PER SQUARE FOOT AI{AIYSIS AND RATIOS 3-3]. Fiscal Year 2015 Statewide Casinos with Rooms Facilities With Gaming Revenue of $36,000,000 to $72,000,000 funounts Represent 33 Locations.

GAIVI]NG REVENTIE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASTNOS AVERAGE AREA GAIVIING REVENT'E AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit, (Inc1udes Bingo and Keno) 33 9 ,4L7 1,004 Coin Operated Devices 33 45,639 892 Poker and Pan 15 L,444 382 Race and Sports 2L 3 ,999 407

TOTAL CASINO 33 58,258 883

RATIOS PERCENT TOTAL CI,RRENT ASSETS TO TOTAL CI'RRENT LIABILITIES L69 .62

TOTAL CAPITAL TO TOTAL LIABILITIES r-08.5t

TOTAL CAPITAL TO TOTAT CI'RRENT LIABILITIES s23.8?

TOTAL CT'RRENT LIABILITIES TO TOTAL LIABILITIES 20.7*

TOTAI COMPLIMENTARY EXPENSE TO GAIVIING REVENUE 2t.7t

MUSIC AND ENTERTAINMENT EXPENSES TO GAMING REVENI]E 1. t-t

TOTAI REVENI'E TO AVERAGE TOTAL ASSETS 48.0?

TOTAL REVENT'E LESS COMP SALES TO AVERAGE TOTAL ASSETS 42.6t

RETI'RN ON INVESTED CAPITAL* a.4*

RETURN ON AVERAGE ASSETS* L.2*

* - FORMULAS ReEurn on Invested Capital is equal to the total of net income (before federal income taxes and extraordinary items) and interest expense divided by the total of average total asseUs less average current liabilitsies. Return on Average Assets is egual to the total of net income (before federal income taxes and extraordinary it,ems) and interest expense divided by the average total assets. 3-32

THIS PAGE LEFT INTENTIONATLY BLANK COMBINED BALANCE SHEET 3 -33 Fiscal Year 2015 Statewide Casinos with Rooms Facilities With Gaming Revenue of $72,000,000 and over Arnounts Represent 40 Locations.

ASSETS CI'RRENT ASSETS DOLLARS PERCENT Cash. L,575,352,019 2.L* Receivables TOTAI ALLOWAI{CE Casino L,233,873,014 533 ,584 ,044 700 ,288 ,970 1. 0t Trade 426 , L60 ,382 10,700,405 4]-5 ,459 ,9'77 0 . 6? Sundry 9 , 023 ,549 , L07 690 ,584 9,022,858,523 f2.3? Notes 0 0 0 0.0? Prepaid Expenses 247,043,006 0.3t OEher CurrenU Assets 20,367,1_l_4,033 27.7* TOTAL CI'RRENT ASSETS 32,328,LL6,528 44.0*

FTXED ASSETS COST DEPRECTATION Land LL,999,450,967 11,999 ,450 ,967 L5 . 3t Land Improvements L,299,505,080 564 ,756 ,537 734,749,543 1.0t Buildings & Improvements 27,485,570,646 7,876,854,374 19,608,7L6,2'72 26.72 Furniture c Eguipment 9,262,435,644 6, 050, 501, 840 3,2LL,833,804 4.4* Lease Improvements 30,855,031 L2,437,89L L8,4L7 ,t4O 0.0t Construction in Progress 352,969,757 352,969 ,757 0 .5? TOTAL FIXED ASSETS 35,926,!37,483 48.8t

OTHER ASSETS 292 67L 228 7 .22

TOTAL ASSETS '73,546,925,239 10o.ot

LTABILITIES AIID EAPITAL CURRENT LIABILITIES Accounts Payable - Trade 272,336,184 0.4? Accounts Payable - Other !,567,7!1,430 2.Lt Current Portion of Long-Term Debt 313 , 636, 193 o .4t Accrued Expenses 7]-0 ,2L6 ,882 1. 0t other Current Liabilities 20,905,884,405 28.4* TOTAL CURRENT LIABILITIES 23,769,785,094 32.3*

LONG-TERM DEBT TOTAL OWING CURRENT PORTION Mortgages 1,993, 599, 000 94 , 099, 000 1,899,500,000 2.6* Debentures & Bonds 2,22L,LL7,4L5 24,045,L98 2,t97,072,2L7 3.0? Notes 2,745,507,40L 3t,089,L23 2 ,7L4 , 4L8 ,278 3 .7* ContracUs L0,L73,426 5,486,433 4,686,993 0.0t OEher 7 ,525,367 ,48]- L58,9L6,439 7 ,36'7 ,45!, 042 10 . 0? TOTAI LONG-TERM DEBT ]-4,496,764,723 313,635,193 14,183,L28,530 19.3? OTHER LIABILITIES 22,678 ,946 ,559 30 . 8B TOTAI LIABILITIES 60,531-,850,183 82.4+

CAPITAL Owners Capital AccounUs . . . -L0 ,9L9,270,930 -14.8t capital stock & other capital .24,950,779,092 33.9? Retained Earnings -l-,116 ,443,J-06 -1.5? TOTAI, CAPITAI L2,9L5,055,056 L7 .62

TOTAL LrABrr,rTrES At{D CAPTTAL. 73,546,925,239 L00.0?

Average Assets Upper Quartile Median Lower Quartile L,838 ,573,]-3L t ,756 ,332 , 945 8]-7 ,898 ,677 3 91, 904 , 513 3-34 COIVIBINED INCOME STATEMENT - SUMMARY

Fiscal Year 2015 Statewide Casinos with Rooms Facilities with Gaming Revenue of $72,000,000 and over Amounts Represent 40 Locations.

REVENUE DOLLARS PERCENT Gaming 7 ,4L9,799,434 39.6? Rooms 4,504,001,194 24.0* Food . 2 ,943 ,429 ,054 L5.72 Beverage L,293,697 ,716 6.9* Other 2,589,597 ,792 13.8t TOTAL REVENUE 18.750 .525.190 l-00.0?

COST OF SAIES 1,273,6!6,69L 6.8?

GROSS MARGIN 17 ,476,908,499 93.22

DEPARTMENTAI, EXPENSES 9,503 ,3L8,347 5]-.22

DEPARTMENTAL INCOME (LOSS) 873 590 ]-52 42 .0*

GENERAL AI.ID ADMINISTRATIVE EXPENSES Advertising and Promotion 203 ,904,46L 1. ]-t Bad Debt Expense l-,306,935 0.0t Compliment.ary Expense (not reported in departments) ...... l_09,023,018 0.6? Depreciatsion - Buildings 900, 073, 018 4 . 8t Depreciation and Amortization - Other 822,625,L06 4.4* Energy Elq)ense (electricity, 9ds, etc.) 269,83!,240 1.4t Eguipment Rental or Lease L4,266,7L9 0.]-t Interest Expense L,946,368,484 L0.4t Music and Entertainment 3l-8, 514, 319 l.7t Payroll Taxes 76,284,488 0.4? Payroll - Employee Benefits ... 286 ,168 ,403 1 . 5? Payroll - Officers ... 33,074,L96 0.2* Payroll - Other Employees 852,944,623 4 .5* Rent of Premises '73 ,07L,593 0 .4t Taxes - Real Estate l7o ,625 ,330 0 . 9t Taxes and Licenses - Other 54,753,]-89 0.3t UEilities (Other than Energy Expense) 85, 084, 809 0 .5? other General and Administrative Expenses 2 , L3O ,348 ,967 11.4? TOTAL GENERAL AND ADMINISTRATIVE EXPENSES 8 .349 .268 .898 44.5*

NET INCOME(LOSS) BEFORE FEDERAL INCOME TA]GS AND EXTRAORDINARY ITEMS ... -475 678 746 -2.s*

Average Revenue Upper Quartile Median Lower Quartile 468,763,]-30 500 ,291,387 3OL , 098 ,772 ]-68 ,06]-,957 COMBINED INCOME STATEMENT - DETAIL 3-35 Fiscal Year 2015 Statewide Casinos with Rooms Facilities With Gaming Revenue of $72,000,000 and over

ArnounUs Represent 40 Locations.

CASINO DEPARTMENT

REVENUE DOLLARS PERCENT Pit Revenue (Includes Keno and Bingo) 2 ,8L9 ,750 ,729 38.0? Coin Operated Devices 4,302,L57,682 58.0t Poker and Pan ]-28,270,526 L.7t Race Book 44 ,7 66 , 6L8 0.6t Sports Pool ]-24 ,853 ,87 9 L.7+ TOTAI REVENUE 419,799,434 r_00.0t

DEPARTMENTAT EXPENSES Bad Debt Expense L35,027,t40 1.8t Commissions 27 ,725,690 0.4t Complimentary Expense . L,765,474,435 23.8* Gaming Taxes and Licenses 551,692 ,925 7 .4? Preferred Guest Elq)enses (no complimentaries) ... 230, 055, 000 3.r-t Payroll Taxes 130 , L59 ,344 1. 8t Payrotl - Employee Benefits ... 226 ,5L5 , L44 3.18 Payroll - Officers ... L2,534,516 0.2* Payroll - other Employees 853, 517, 545 1l-. 5? Race Wire Fees 7 ,032,679 0.1? Other Departmental Expenses 655 ,845 ,494 8.8? TOTAL DEPARTMENTAL EXPENSES 4 ,596 ,582 ,0L2 62.03

DEPARTMENTAL INCOME (LOSS ) 823 2L7 422 38.0?

ROOMS DEPARTMENT

REVENUE DOLLARS PERCENT Room Sales ... 3 ,643 , tO4 , ]-87 80.9t Complimentary Rooms ... 960,897 ,007 19. 1t TOTAL REVENT'E 4 .504. 001, 194 r_00.0t

DEPARTMENTAL EXPENSES Bad Debt Expense 7 ,259,206 0.2* Complimentary Expense LL9 ,062 ,269 2 .6* Payroll - Taxes 79 ,7L9 , 605 L.7Z Payroll - Employee Benefits ... 23t,420 ,556 5.1? Payroll - Officers ... 2 ,554 ,343 0.1-? Payroll - Other Employees 7 62 ,840 ,890 L6.9* Other Departmental Expenses 506, 508, 651 LL.2Z TOTAL DEPARTMENTAI EXPENSES 709.355.500 38.0?

DEPARTMENTAI INCOME (LOSS ) 794 535 694 62.O* 3 -36 COMBINED INCOME STATEMENT - DETAIL (CONTINUED) Fiscal Year 2015 Statewide Casinos with Rooms Facilities With Gaming Revenue of 572,000,000 and over Amounts Represent 40 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... 2 , 431 ,734 ,587 82 .62 Complimentary Food Sales 5L1-, 694 ,467 t7 .4* TOTAI REVENUE 2 .943 .429 .054 L00.0?

COST OF SAIES 839,565,425 28.5t

GROSS MARGIN 2 , L03 ,863 , 629 71.5?

DEPARTMENTAI EXPENSES Bad Debt Expense 2,351,009 0.1t Complimentary Expense . 25 ,929 ,453 0.9? Payroll - Taxes 1-25 ,296 , 066 4.3* Payroll - Employee Benefits ... 302 ,093 ,689 10.3t Payroll - officers ... 6 ,684 ,925 o.2t Payroll - Other Employees 996 ,243 ,8]-7 33.8t OEher DepartmenEal Expenses L99,287 ,330 5.8t TOTAT DEPARTMENTAL EXPENSES 657 ,886,288 56.3?

DEPARTMENTAI INCOME (LOSS ) 445 977 341 Ls.2*

BEVERAGE DEPARTMENT REVENUE DOLI,ARS PERCENT Beverage Sales 840, 530, 386 65.0? Complimentary Beverage Sales ... 453, 067, 330 35.0t TOTAL REVENUE 293.697 .7L6 1_00.0?

COST OF SAIES 224 , 232 ,17 1 L7.3?

GROSS IyTARGIN 1,069,465,545 82.7*

DEPARTMENTAL EXPENSES Bad Debt Expense 540, 090 0.0t Complimentary Expense . 27 ,970,700 2.2* Payroll - Taxes 32 ,2!5 ,590 2.52 Payroll - Employee Benefitss ... 7L,846 ,978 s.6t Payroll - Officers ... 218, 900 0.0t Payroll - other Employees 2L4 ,201_ , OO2 16.6t Other Department.al Expenses 227 ,948 ,9]-3 1,7 .6? TOTAL DEPARTMENTAL EXPENSES 574 .943 . L73 44 .42

DEPARTMENTAL INCOME (LOSS) 494 522 372 38.2? COMBINED INCOME STATEMENT - DETAIL (CONTINUED) 3-37

Fiscal Year 2015 Statewide Casinos with Rooms FaciliEies With Gaming Revenue of $72, 000, 000 and over Amounts Represent 40 Locations.

OTHER INCOME REVENUE DOLLARS PERCENT Other Operating and Non-operating Income 2,466,753,78L 95.3t Other ComplimenUary Items ... 1-22 ,844 , OtL 4.72 TOTAL REVENUE 2,589,597 ,792 100.08

COST OF SAIES 209 ,819 ,095 8.lt

GROSS I,IARGIN 2,379,778,597 9]-.9*

DEPARTMENTAL EXPENSES Bad Debt Expense L2,456 ,982 0.st Complimentary ExPense . 25 , 054 ,37 O r_.0t Payroll - Taxes 3 9, 113 , 859 1. st Payroll - Employee Benefits ... 75 ,59L,407 2.9* Payroll - officers ... 2,897,293 0.1? Payroll - Other EmPloYees 388, 002, 013 r-s. 0t Ot,her Departmentsal ExPenses 52L,425 ,440 20.L* TOTAI DEPARTMENTAI EXPENSES 064 , s4L ,37 4 4l-. 1?

DEPARTMENTAI INCOME (LOSS ) 3 r-5 237 323 s0.8t

AVERAGE NUMBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 26 ,841- ROOMS DEPARTMENT ... 21,896 FOOD DEPARTMENT 29 ,639 BEVERAGE DEPARTMEIVT 7,547 G & A DEPARTMENT ... L6 ,267 OTHER DEPARTMENTS 8, 935

TOTAL j.al ,425 3-38 ROOM OCCUPANCY AND PER ROOM PER DAY AI{ALYSIS

Fisca1 Year 2015 Statewide Casinos with Rooms Facilities With Gaming Revenue of $72,000,000 and over Amounts Represent 40 Locations.

RATE OF ROOM OCCUPA}ICY

toF AVAIT.ARLE ROOMS OCCUPANCY ROOMS OCCUPIED (COMPUTED) ,JULY . 2 ,948 ,423 2 , 669 ,349 93 .68t AUGUST 2 ,943 ,345 2 , 628 ,586 92 .45? SEPTEMBER 2,795,540 2,527,429 90 .41t OCTOBER 2 ,959 ,503 2 ,62L,959 9]-.69* NOVEMBER 2,762,L]-2 2 ,373 ,474 8s.938 DEEEMBER 2 ,820 ,32]. 2 ,295 ,sLg 8L.04t ,JANUARY 2 ,959 , t96 2,459 ,620 85.02t FEBRUARY 2 ,5gg , 063 2,305,334 89.08? TIARCH 2,974,973 2,646 ,685 92 .06t APRIL 2,774,'740 2 ,569 , 568 92.57* MAY . 2,869,750 2 ,659 ,649 92 .64+ JI'NE 2,776,049 2.590.730 93.322

TOTAL 33 67L 915 30 334 994 90.09t

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Safes Per Room Per Day 92 .95 Per Room Per Day 42.65

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day LAL.82 Per Room Per Day 35 .49

Average Food SaLes Average Room RaUe Per Room Per Day 97.03 Per Day L48 .48 PER SQUARE FOOT AI{AIYSIS AI{D RATTOS 3 -39 Fiscal Year 201-5 Statewide Casinos with Rooms Facilities With Gaming Revenue of 572,000,000 and over Amounts Represent 40 Locations.

GAMING REVENUE PER SQUARE FOOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GAI,IING REVENUE AREA OPERATING IN SQUARE FEET PER SQUARE FOOT

Pit (Includes Bingo and Keno) 40 2L, LLO 3,339 Coin Operated Devices 40 74,866 L,437 Poker and Pan 32 3 ,456 1, 160 Race and Sports 36 6 ,645 709

TOTAL CASINO 40 LO4 ,722 L,77L

RATIOS PERCENT TOTAL CURRENT ASSETS TO TOTAI CI,'RRENT LIABILITIES r_36.0?

TOTAI CAPITAL TO TOTAL LIABILTTIES 2L.3*

TOTAI CAPITAL TO TOTAL CURRENT LIABILITIES 54.3?

TOTA], CI'RRENT LIABILITIES TO TOTAL LIABILITIES 39.22

TOTAI COMPLIMENTARY EXPENSE TO GAMING REVENT'E 27.92

MUSIC AITTD ENTERTAINMENT EXPENSES TO GAIV1ING REVENUE 4.3?

TOTAL REVENUE TO AVERAGE TOTAI ASSETS 26.3*

TOTAI REVENI'E LESS COMP SALES TO AVERAGE TOTAI ASSETS 23.52

RETURN ON INVESTED CAPITA],* 3 .9*

RETI'RN ON AVERAGE ASSETS* 2.1*

FORMUI,AS Return on InvesUed Capital is egual to the total of net income (before federal income taxes and exEraordinary items) and interesE expense divided by the Uot.a1 of average totsal assets less average current liabilities. Return on Average Assets is equal to the total of net income (before federal j-ncome taxes and extraordinary items) and interest expense divided by the average total assets. 3 -40

THIS PAGE LEFT INTENTIONAILY Bi.ANK COMBINED BALANCE SHEET 3-41 Fiscal Year 2015 Pubticly Owned Casino Operations With Gaming Revenue of $12,000,000 and over Amounts Represent 68 Locations.

ASSETS CURRENT ASSETS DOLLARS PERCENT Cash . L,664,455,536 2.Lt Receivables TOTAL A],LOWA}ICE Casino L,245 ,993 ,72L 538, 088, 789 707,904,932 0.98 Trade 474 ,8L9 ,494 LL,787,378 463,O32,LL6 0.6t Sundry 9,L29,303,99]. 696 ,533 9 , 128 , 607 , 458 lt .72 Notes 133,332,805 0 133,332,805 0.2* Prepaid Expenses 283,5L0,348 O.4z Other Current Assets 20,910,825,025 26.82 TOTAL CURRENT ASSETS 33,29]-,568,220 42.6*

FIXED ASSETS COST DEPREC]ATION Land t3 , 9L2 ,394 , '7 5l 7-3 ,91_2 ,394 ,751 17 .8t Land Improvements 1-,296,644,859 539, 828, 556 756, 816, 303 1. 0? Buildings & Improvements 28, 050,946,221 8, 061_ , o1-8 ,949 L9,989,927,272 25.62 Furniture & Equipment 9,69L,2L0,92L 6 ,299, 610, 530 3, 391 ,600 ,29L 4.32 Lease Improvements 36,953,5L6 L4 , 0L9 ,365 22 ,934 , LsO 0.0t Construction in Progress 554,653,332 554 ,653 ,332 0.7t TOTAL FIXED ASSETS 38 ,628 ,326 ,099 49.st orHER ASSETS 6,162,5O2,65L 7 .9*

TOTAI ASSETS o82 496 970 100.0t

LIABILITIES AND CAPITAL CI,'RRENT LIABILITIES Accounts Payable - Trade 295,687,846 0.4? Accounts Payable - OEher l-, gl-9 ,258 ,028 2 .3? Current Portion of Long-Term Debt 357 ,627 ,776 0.5? Accrued Expenses 788,353,945 L.0t other Current Liabilities 20 , 936 , 4OL, 452 26 .82 TOTAI CI'RRENT LIABILITIES 24,L9'7,329,047 3l-.0t

LONG-TERM DEBT TOTAL OWING CI'RRENT PORTION Mortgages 1,897 ,250,671- 122,250,67L L,775,000,000 2.33 Debentures & Bonds 2 ,389 , LL1 , 4L5 24 , 045 , L98 2 ,365 ,072 ,2L7 3 . 0? Notes 3,595,063,610 2L,779,065 3,574,284,545 4.6* ContracUs a2 ,558 ,263 6 ,899 , 952 5, 658, 30L 0 . 0t Other 8,332,526,409 182,652,880 8,L49,873,529 l-0.4t TOTAL LONG-TERM DEBT ]-5,227,516,368 357,627,776 15,869 ,888,592 20.3* OTHER LIABILITIES 23,009,948,L04 29.5t TOTAI I,IABILITIES 63,O77,L65,743 80.8?

CAPITAL Owners Capital Accounts . . . -l-0 ,275,274,L46 -1-3.22 Capital Stock & other Capital 27,38L,776,4L6 35.1t Retained Earnings -2,LOL,L7L,043 -2.7* TOTAT, CAPTTAT 15,005,33L,227 L9.22

TOTAL LIABILITIES AI.ID CAPITAL 78 082 496 970 100.0?

Average Assets Upper Quartil-e Median Lower Quartile L, l_48 ,272 , 0]-4 l, 092 ,248 ,7 97 339 , 456 ,262 86 ,988 ,527 3-42 COMBINED INCOME STATEMENT - SUMMARY

Fiscal Year 2015 Publicly Owned Casino Operations With Gaming Revenue of $12,000,000 and over Amounts Represent 58 Locations.

REVENUE DOLLARS PERCENT Gaming 8 ,294 ,52L ,459 40.8? Rooms 4,750,807 ,467 23.42 Food . 3 , l_35 ,527 ,505 15.4? Beverage 1,427 ,492,334 7.OZ Other 2,72t,095,688 L3.42 TOTAL REVENI'E 20 ,329 ,444 ,463 100 - 0t

COST OF SALES L,440,800,644 7 .lt

GROSS MARGIN L8,888 ,643,8L9 92.9?

DEPARTMENTAL EXPENSES l-0, 435, 551, 891- 5l-. 3t

DEPARTMENTAI INCOME (LOSS) 453 091 928 41, .6t

GENERAL AI{D ADMINISTRATIVE EXPENSES Advertising and Promotion 235,875,75L l.2Z Bad Debt Expense L,401,993 0.0t Complimentary Expense (nou reported in departments) ...... L7L, 5l-5, 839 0 . 8? Depreciation - Buildings 936 ,955,]-67 4 .62 Depreciation and Amortization - Other 918, 858, 536 4 .52 Energ'y Expense (electricity, 9ds, eUc.) 311,581,569 l-.5t Eguipment Rental or Lease L4,L43,235 0.1-? Interest Elcpense 2,2L7,847,5LL 10.9t Music and Entertainment 323 ,340 ,596 l- . 6? Payroll Taxes 89,814,015 O.4* Payroll - Employee BenefiEs ... 316, 885, 539 1. 6? Payroll - Officers ... 4L,738,964 0 .2* Payroll - Other Employees 99L, 905 ,7 69 4 .92 Rent of Premises L04,L65,273 0.5? Taxes - ReaI Estate L75,775,643 0.9t Taxes and Licenses - Other 59 ,845 ,869 0 . 3t Utilities (Other than Energy Expense) 94 ,84L,831 0 .5? other General and Administrative Expenses 2,394,3L2,278 11.8? TOTAL GENERAL AND ADMINISTRATIVE EXPENSES 9.400 . 805. 378 46.2*

NET INCOME(LOSS) BEFORE FEDERAL INCOME TN(ES AI{D EXTRAORDINARY ITEMS .. -947 7L3 450 -4.7*

Average Revenue Upper Quartile Median Lower Quartile 298 ,962 ,4L9 315 , L83 ,977 t39 ,364 ,962 76 ,875 ,383 COMBINED INCOME STATEMENT - DETAIL 3 -43 Fiscal Year 2015 Publicly Owned Casino Operations With Gaming Revenue of $1-2,000,000 and over Amounts Represent 68 Locations.

CASINO DEPARTMENT

REVENUE DOLLARS PERCENT Pit Revenue (Includes Keno and Bingo) 2,973,2L2,308 35.8t Coin Operated Devices 5 ,026 ,242 ,509 50.6t Poker and Pan L23 ,443 ,946 1-.5t Race Book 44,337 ,2L8 0 .5t Sports Pool t27 ,285 ,488 1. st TOTAL REVENUE I ,294 ,52L , 469 100.0t

DEPARTMENTAI EXPENSES gad Oebt Expense L39,924,605 L-7* Commissions 42,087 ,869 0.5t Complimentary Expense L,862,696,680 22-5* Gaming Taxes and Licenses 622,652,722 7-5* Preferred cuesU Expenses (no complimentaries) ... 236,933,406 2.9* Payroll Taxes 147,788,584 1-8* Payroll - Employee BenefiLs ... 255,807,458 3-l-t Payroll - Officers ... L5,725,L6t o-2* Payroll - Other Employees 967 ,575 ,450 l-l-. 7t Race Wire Fees '7 ,790 ,245 0 . 1? Other Departmental Expenses 742,91-L,299 9-0t TOTAL DEPARTMENTAL EXPENSES 5,042,893,172 60.8I

DEPARTMENTAL INCOME (LOSS ) 2sL 627 990 39 -2*

ROOMS DEPARTMENT

REVENUE DOIJI'ARS PERCENT Room Sales ... 3 ,829 ,282 ,757 80.6? Complimentary Rooms . . . 92L ,524 ,71,0 L9.4t TOTAL REVENUE 4.750,807 ,467 l-00.0t

DEPARTMENTAL EXPENSES Bad Debt E>q)ense 8, L55, 139 0.2* Complimentary Expense LL4 ,644 ,331 2.4* Payroll - Taxes 85, 709, 833 1.8t Payroll - Employee Benefits ... 248 ,242 , OOO s.2* Payroll - Officers ... 3 ,241_,052 0.]-t Payroll - Other Employees 935, 580, 319 t7 .6* Other Departmental Expenses 567,777,06]- 1-2 .0* TOTAL DEPARTMENTAL EXPENSES 864,350,73s 39.22

DEPARTMENTAL INCOME ( LOSS ) 886 456 732 50.8? 3 -44 COIVIBINED INCOME STATEMENT - DETAIL (CONTINUED)

Fiscal Year 2015 Publicly owned Casino OPerations WiEh Gaming Revenue of $12,000,000 and over Arnounts Represent 68 Locations.

FOOD DEPARTMENT REVENUE DOLLARS PERCENT Food Sales ... 2,574,262,616 82.tt Complimentary Food Sales 561,254 ,889 t7 .9t TOTA], REVENUE 3.135 .527 .sos r-00.0t

COST OF SALES 931-,280,195 29.7*

GROSS I'IARGIN 2,204,247 ,3L0 70.3*

DEPARTMENTAI, EXPENSES Bad Debt Expense 2,386,526 0.r-t Complimentary Expense 27,]-81,629 0.9t Payroll - Taxes l_37,818,393 4 .42 Payroll - Employee Benefits ... 323 ,868 ,454 10.3? Payroll - Officers ... 8, 703, 603 0.3? Payroll - Other EmPloYees L,087 ,L82,403 34.7* Other Departmental ExPenses 2OL,608 ,940 6.42 TOTAL DEPARTMENTAI EXPENSES 1.788 .749.948 57.0?

DEPARTMENTAL INCOME ( LOSS ) 4L5,497 ,362 L3.3t

BEVERAGE DEPARTMENT REVENUE DOLLARS PERCENT Beverage Sales 9]-]-,507,665 63 .9* Complimentary Beverage Sales ... 51-5 ,984 ,659 36. Lt TOTAI REVENUE 427 .492,334 1-00.0?

COST OF SALES 252,984,474 L7.7*

GROSS T{ARGIN !,174, 507, 860 82 .3t

DEPARTMENTA], EXPENSES Bad Debts Expense 542 ,438 0.0? ComplimenEary ExPense . 35 ,990 , L95 2.5+ Payroll - Taxes 37 ,938,l.87 2.73 Payroll - Employee Benefits ... 79 ,849 ,598 5 .5? Payroll - officers ... 383 ,79L 0.0t Payroll - Other Employees 25]- ,775,826 t7.5* Other Departmental ExPenses 26L, 645 ,278 l-8.3? TOTAI DEPARTMENTAL EXPENSES 558, 125,31-3 46.83

DEPARTMENTAL INCOME (LOSS) 506 382 547 35.5t COMBINED TNCOME STATEMENT - DETAIL (CONTINUED) 3 -45

Fiscal Year 2015 Publicly Owned Casino Operations With Gaming Revenue of $12,000,000 and over Arnounts Represent 58 Locations.

OTHER TNCOME REVENUE DOLLARS PERCENT other OperaEing and Non-operating Income 2 ,593 , OL4 ,340 95 . 3? Other Complimentary Items ... 128, 081,348 4.72 TOTAL REVENUE 2,721-,095 ,688 100 . 0t

COST OF SALES 256 ,535 ,975 9 .4*

GROSS IiIARGfN 2 ,464 ,559 ,7L3 90 . 5?

DEPARTMENTAL EXPENSES Bad Debt Expense t2 ,562 ,592 0 .5? Complimentary Expense 23 ,884 ,005 0.9? Payroll - Taxes 4L, L66 ,009 r_. st Payroll - Employee Benefits ... 80 ,924 ,8L9 3.0t Payroll - Officers ... 2 , g4g ,355 0.lt Payroll - Other Employees 403,01-L,005 t-4.8t Other Departmental E>qgenses 506 ,934 ,630 t-8 .68 TOTAI DEPARTMENTAI EXPENSES 07L.432 .4t6 39.4*

DEPARTMENTAL INCOME (LOSS) 393 L27 297 5L.2+

AVERAGE NT]MBER OF EMPLOYEES FOR THE YEAR

CASINO DEPARTMENT ... 30 ,767 ROOMS DEPARTMENT ... 24 , L52 FOOD DEPARTMENT 33,265 BEVERAGE DEPARTMENT .. . I ,909 G&A DEPARTMENT... L8, 535 OTHER DEPARTMENTS 9 ,507

TOTAL L25 ,235 3-46 ROOM OCCUPAI{CY AtrID PER ROOM PER DAY ANALYSIS

Fiscal Year 2015 Publicly owned Casino operations With Gaming Revenue of $12,000,000 and over Amounts Represent 58 Locations.

RATE OF ROOM OCCUPANCY

toF AVAIT,APLE ROOMS OCCUPA}TCY MONTH ROOMS OCCUPIED (COMPUTED) ,IULY . 3 ,354 ,259 3 ,042 ,9L9 90.72t AUGUST 3,357 ,477 2,ggg,L43 89.33t SEPTEMBER 3 ,3L5,902 2 , g6g ,368 86.50? OCTOBER 3 ,406 ,402 3 , 011, 553 88.41t NOVEMBER 3,284,723 2 ,7 09 ,863 82.50t DECEMBER 3, 318, 193 2 ,57L,030 77.48* .]AI{UARY 3 , 409 ,257 2,777 ,374 81- .47* FEBRUARY 3,077 ,837 2 ,626 , g4g 85.35t l,lARCH 3 ,4L8 ,445 3 ,022 ,oto 88.40t APRIL 3 ,339 ,966 2 , 96g ,636 88 . 888 MAY . 3,398,734 3 ,05L,962 89.80t .JI,NE 3 .269 . 004 2,947 ,L27 90 . l-5t

TOTAL 39 950 099 34,597 ,034 85.608

PER ROOM PER DAY STATISTICS

Average Pit Revenue Average Beverage Sales Per Room Per Day 85.94 Per Room Per Day 41,.26

Average Rooms Average Slot Revenue Department Payroll Per Room Per Day L45.28 Per Room Per Day 33.93 Average Food Sales Average Room Rate Per Room Per Day 90 .63 Per Day L37 .32 PER SQUARE FOOT A}TALYSIS AND RATTOS 3-47 Fisca1 Year 2015 Publicly Owned Casino Operations With Gaming Revenue of $L2,000,000 and over Amounts Represent 58 Locations.

GAMING REVENUE PER SQUARE E'OOT OF FLOOR SPACE

NO. OF CASINOS AVERAGE AREA GA}4ING REVENUE AREA OPERATTNG IN SQUARE FEET PER SOUARE FOOT

Pit (lncIudes Bingo and Keno) 68 L5, 339 2 ,85]- Coin Operated Devices 68 61, 015 t,2Ll Poker and Pan 42 2,674 l,099 Race and Sports 50 5 ,369 639

TOTAL CASINO 58 81,953 1,488

RATIOS PERCENT TOTAI CURRENT ASSETS TO TOTA], CI'RRENT LIABILITIES L37 .62

TOTAL CAPITAL TO TOTAL LIABILITIES 23.8*

TOTAI CAPITAL TO TOTAT CI'RRENT LIABILITIES 62.02

TOTAL CI'RRENT LIABILITIES TO TOTAL LIABILITIES 38 .4?

TOTAL COMPLIMENTARY EXPENSE TO GAIVIING REVENT'E 27.0t

MUSIC AND ENTERTAINMENT EXPENSES TO GAI,IING REVENI,E 3 .9t

TOTAL REVENUE TO AVERAGE TOTAL ASSETS 26.9*

TOTAL REVENUE LESS COMP SAIES TO AVERAGE TOTAL ASSETS 24.1*

RETI'RN ON INVESTED CAPITAI* 3. r-t

RETI'RN ON AVERAGE ASSETS* ]- -7*

* - FORMULAS Return on Invested Capital is equal to the total of net income (before federal income taxes and extraordinary items) and int.erest e),q)ense divided by the total of average total assets less average current liabitities. Return on Average Assets is equal to Ehe total of net income (before federal income taxes and extraordinary items) and interest expense divided by the average total assets. 3-48

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