Analysis of Incremental State Revenues from Three Potential Casino Locations


Appendix III – Cape Girardeau, continued



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Appendix III – Cape Girardeau, continued
Closest nearby casino operation is 47 miles in Metropolis, Illinois; Caruthersville, Missouri is 80 miles away and St. Louis, Missouri is 92 miles away
Examined Caruthersville, Boonville and LaGrange, Missouri gaming markets as a proxy for Cape Girardeau
The Cape Girardeau market demographics could support an approximately 1,000-gaming position casino


Forecasted revenues for Cape Girardeau of $87M



  • New Missouri gaming revenues of $87M

  • No revenues cannibalized from existing Missouri casinos

  • $10M cannibalized gaming revenues from Metropolis, IL

The 2013 forecast does not include natural gaming revenue market growth. This was done in order to project market gaming revenues by property if Cape Girardeau was in operation today, instead of having a two to three year construction timeline.




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