Kansascrossingppt july2 final auto play

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This group of experienced regional casino developers and operators has created the right attraction for Southeast Kansas

Transcript of Kansascrossingppt july2 final auto play

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This group of experienced regional casino developers and operators has created the right attraction

for Southeast Kansas

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KS Crossing Rendering / Exterior

Film strip photos; mining company Logo, banquets, festivals, hotel

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WHY KANSAS CROSSING?

• The Right Location, The Right Size

• Best Outcome for the Local Economy• Direct Jobs for Kansans• Commitment to Purchase Local Goods and Services• Product Mix and Partnerships Maximize Tourism

• Best Outcome for Kansas• Sustainable Casino Revenue with Proven Track Record

Marketing and Operating Successful Regional Casinos in Competitive Markets

• Viable, Sustainable Business Model

• Improve Quality of Life for Southeast Kansas Residents

• Experienced Regional Gaming Developer and Operator

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Experienced gaming resort developer, operator and investor

Developed four ground-up casinos that attracted new visitors into region

Properties generated strong economic activity and benefits to regional market and government

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PATIENT • DELIBERATE • SUCCESSFUL

1999

2003

2006

2008

2009

2011

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EXECUTIVE TEAMJONATHAN SWAIN

Previously Chief Operating Officer of Peninsula Gaming, LLC

NATALIE SCHRAMM Previously Chief Financial Officer of Peninsula Gaming, LLC

BRENT STEVENS Previously Chairman and Chief Executive Officer of Peninsula Gaming, LLC

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Developed, owned, and operated gaming properties in Iowa, Louisiana, and Kansas

Sold five properties to Boyd Gaming in November 2012 for $1.45 billion

MIDWEST MANAGEMENT TEAM

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• Delivered among the best results in the industry to shareholders• Our team members were recognized for Best Customer Service and

as Friendliest Casino Employees 11 years in a row

PENINSULA GAMING HISTORIC PERFORMANCE

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KANSAS CROSSINGSITE PLAN

• 625 Slot Machines

• 16 Table Games

• 120 Hotel Rooms

• 400 Seat Event Center

• 125 Seat Restaurant

• 3,000 Capacity Event Lawn

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KANSAS CROSSINGACCESS + TRAFFIC FLOW

US400

US6

9

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Past and present influence the architecture, cuisine and attractions.

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FUTURE EXPANSION OPPORTUNITIES

•1,300 Slot Machines

•30 Table Games

•220 Hotel Rooms

•400 Seat Event Center

•125 Seat Casual Restaurant

•120 Seat Fine Dining Restaurant

•200 Seat Buffet

•3,000 Capacity Event Lawn

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CONSTRUCTION TIMELINE

Application Filed January 29, 2015

Selection by LGFRB June 23, 2015

KDHE Permit Issued June 29, 2015

Grading, Foundation, Building Pad Approval, City of Pittsburg

June 30, 2015

KRGC Background Review and Final Approval

July 2, 2015 

Construction Commences July 3, 2015

 

Final KRGC/Lottery Testing June 2016 

Grand Opening July 2016

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KANSAS EXPANDED LOTTERY ACT

Maximizes Revenue to the State of Kansas

Encourages Tourism to the Region

Serves the Interest of the People of Kansas

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REVENUEMaximizes Revenue to the State of Kansas

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NEW SPEND IN KANSAS $69,139,000

- Union Gaming Financial Suitability

REVENUE: New Construction Spend

Land $1,100,000

Construction + Design $37,810,00

Financing, Regulatory + Misc Cost $5,675,000

Equipment + Pre-Opening $20,154,242

License Fee/Franchise Fee $5,500,000

$70,239,242

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REVENUE: Construction

ECONOMIC IMPACT OF CONSTRUCTION

$62,000,000- Civic Economics

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REVENUE: Ongoing Tax Revenue to the State & Local Governments

APPROXIMATELY $10,000,000 TO

STATE AND LOCAL GOVERNMENTS ANNUALLY.

$10.5 MILLION- Union Gaming

$9.9 MILLION- Cummings and Associates

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TOURISMEncourages Tourism to the Region

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TOURISM: Out of State Revenue

KANSAS CROSSING CAPTURES OUT OF STATE REVENUE

AND REPATRIATES REVENUE FOR KANSAS

59.2% REVENUE FROM OUT OF STATE- Union Gaming

23% REVENUE FROM OUTSIDE 100 MILES$21.1 MILLION NET GAMING EXPORT GAINED

- Cummings and Associates

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TOURISM: Entertainment Center + Meeting Space + Festival Grounds

600 PERSON ENTERTAINMENT CENTERCAN ALSO BE USED AS A FLEXIBLE MEETING SPACE FOR UP TO 400 PEOPLE

3,000 PERSON FESTIVAL GROUNDSPERMANENT STAGE FOR FESTIVALS, CONCERTS AND COMMUNITY EVENTS

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TOURISM: Hotel

120 ROOMS

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TOURISM: Location and Traffic Counts

• 10,700 vehicles per day on Hwy 69 and 4,890 on Hwy 400

• 15,590 vehicles per day on 2 major highways

- Union Gaming

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TOURISM: Partnerships

PITTSBURG STATE UNIVERSITY

$500,000 OVER 10 YEARS

SOUTHEAST KANSAS TOURISM REGION

$100,000 OVER 10 YEARS

CRAWFORD COUNTY CVB

100% OF CVB GROUP TRAVEL MARKETING COSTS

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BEST INTERESTServes the Interest of the People of Kansas

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SERVES THE INTEREST OF THE PEOPLE OF KANSAS: Financing

Extensive Experience in Casino Financing

Committed Financing From Kansas Banks:Alliance Bank & Capitol Federal

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SERVES THE INTEREST OF THE PEOPLE OF KANSAS: Partnerships

C-Tech AT LEAST $400,000 PER YEARto provide scholarships, supplies and to build skilled trade classrooms

Pittsburg State University commitment of

$50,000 PER REAL ALSO BENEFITS LOCAL RESIDENTS

Southeast Kansas Works

WorkReady CERTIFICATE CHAMPIONS & MORE

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SERVES THE INTEREST OF THE PEOPLE OF KANSAS: Jobs

411 CONSTRUCTION JOBS- Civic Economics247 JOBS- EKAY Consultants

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Greenfield Developments

SERVES THE INTEREST OF THE PEOPLE OF KANSAS: Development

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Greenfield Developments

SERVES THE INTEREST OF THE PEOPLE OF KANSAS: Development

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“The difference probably comes down to the ownership and management of the properties more than the bricks and mortar.”

“The JNB Management Team arguably has more start-up, development, dial-in, ramp up, expansion and grow the

market time as well as successful track record in the locals’ and regional

Midwest market than the other two applicants.”

- Dean Macomber

SERVES THE INTEREST OF THE PEOPLE OF KANSAS: Experience

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Experience with Kansas Regulators

• Written Comprehensive Internal Controls

• Excellent Compliance History

• Communication with State Regulators

CONTINUED COMMITMENT TO REGULATORY COMPLIANCE

We know that our license is a privilege and we’ll treat it that way every day

SERVES THE INTEREST OF THE PEOPLE OF KANSAS: Experience

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• Training• Orientation• Included in Department Training, Meetings

• Responsible Gaming Education• On-Site Signage, Brochures• In All Marketing Collateral

• Outreach• SEKS Responsible Gaming Committee• Work with Local Treatment Providers

INDUSTRY LEADERS IN RESPONSIBLE GAMING

SERVES THE INTEREST OF THE PEOPLE OF KANSAS: Experience

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KANSAS CROSSING CASINO AND HOTEL DELIVERS KELA’S PRIORITIES

Maximizes Revenue to the State• $69 Million New Construction Spend• $62 Million Economic Development Impact of Construction• Sustainable Casino Revenue with Proven Track Record, Marketing

and Operating Successful Regional Casinos in Competitive Markets• Commitment to Purchase Local Goods and Services

Encourages Tourism to the Region• Integrated Entertainment for up to 3,000 and Flexible Meeting

Space for 400• High Traffic Location• Tourism Partnerships to Market the Region

Best Serves the Interest of the People of Kansas• Provides Quality Jobs and Training for Kansans• Robust Community Partnerships Which Improve Quality of Life• Proven Business Model• JNB Has More Than 50 Years Combined Regional Casino Experience

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