Lgfrb presentation 7 31 v final part2

24
Frequency of Visit vs. Average Spend 4 4 2 2

description

Kansas Racing & Gaming CommissionCasino Proposalhttp://krgc.ks.gov/

Transcript of Lgfrb presentation 7 31 v final part2

Page 1: Lgfrb presentation 7 31 v final part2

Frequency of Visit vs. Average Spend

4 4

2 2

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Founder & CEO,

The Navegante Group

Marketing

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Seeking Dodge City

Experience

Seeking Resort Casino

Experience

Hotel & Convention

Guests

Target Segments

Highway Travelers &

Tourists

Regional Guests (> 100 miles)

Local Guests

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Players Club/Rewards Program

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Wild West Country Amenities

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John Bayless Chairman,

Cook, Flatt & Strobel Engineers, P.A.

Douglas M. Smith

Project Director,

BNSC

The Delivery Schedule

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Interim Gaming Facility

Permanent Gaming Facility

03/10 07/10

October, 2011

11/08 01/09

September, 2009

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Interim Gaming Facility Location

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Interim Gaming Facility

 575 Gaming Devices

 10+ Table Games

 Food & Beverage Offerings

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Summary

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Richard L. Stevens

Vice-President, Finance

The Navegante Group

Working Together

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  Internal Control systems   Financial Reporting Systems

● Revenue audit ● Central system interface ● Standard Financial Reporting ● Statistical Reporting ● Audited financial statements ● External compliance audits

  Surveillance Standards & Coverage   Security Plan and Procedures   Safety Plans & Procedures   Internal Audit & Compliance   Risk Management   Patron Dispute Resolution   Records Retention   Standardized Policies and Procedures   Federal Reporting Requirements – Title 31, SARC, CTRC’s, W2G’s   Asset Protection and Maintenance

● Key control ● IT systems - data control & access ● Intellectual property ● Access control – sensitive areas

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  Establish a culture of fairness and integrity with all constituencies

  Set up appropriate oversight committees: ● Compliance committee ● Audit committee

● Safety & security committees ● Marketing committee

  Structural Reporting Hierarchies

  Ensure well being of employees and customers   Documented systems & procedures for all transactions

  Comprehensive review of all incidents and failures

  Periodic review & adjustment of all standard operating procedures

  Employee training, training and more training

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Douglas M. Smith

Project Director,

BNSC

Funding Picture

Kent J. Schwerdt

Senior Vice-President,

Kaw Valley State Bank & Trust

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Funding Commitments Interim Facility

$25.5M

Privilege Fee $5.5M Org Costs $4.5M

$30.0

$20.0M

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

Senior Debt Commitment

Equity Commitments Infrastructure

Improvements

Reserve $14.5M

Total = $35.5M

Total = $50.0M

In Millions

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Funding Commitments Through Permanent Facility

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$30.0

$80.0M

Senior Debt Commitment

Equity Commitments

Cash From Ops $8.0M

$93.0M

Infrastructure Improvements

Privilege Fee

$5.5M

Org Costs $4.5M

Total = $118.0M

Total = $103.0M Reserve $15.0M

In Millions

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Clark D. Stewart

President & CEO,

Butler National Service Corporation

Concluding Thoughts

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2,200 8,800 10,700 14,900 15,600

200 600 750 1,000 1,100

200 600 750 1,000 1,100

(In $ thousands)

Revenue to Kansas

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Old West – New Excitement

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