The Georgia Lottery Commission has brought a study to check the potential and feasibility for establishing casinos in Georgia.
Spectrum Gaming Group has build an 84-page report to the GLC, delivered to the Governor to analyze last week. The report features a bidding process, regulation, revenue streams, forms of games and machines, and locations for this kind of move.
Jim Galloway in the AJC filed a request for the report, that they has graciously shared. (Be warned, this is a large download and may take some time.) The report indicates that the opportunity revenue that is realized to the state of Georgia could approach one billion dollars - no small sum for any state that has spent the very last several years attempting to close budget gaps of similar size.
The report analyzed the potential of a casino at several different locations in Atlanta and also at Savannah and/or Jekyll Island. Such locations would generate revenue to the state based on the upfront auction of casino applications and on annual licenses and tax receipts. The upfront application fee, though, couldn't be too large, or it might hamper the brand new site's power to generate revenue in the years ahead.
The six Atlanta locations were determined to take downtown Atlanta, Cobb County from the Galleria, DeKalb County nearby the intersection of I-20 and I-285, South Cobb County near Six Flags, Clayton County nearby the airport, as well as the Lake Lanier area in Gwinnett County.
The two locations with all the highest potential gross gaming revenue (GGR) were the downtown location ($791.5 M) as well as the Galleria locations ($788.2 M). The DeKalb option was analyzed to experience a potential GGR of $770.2 M. Clayton County features a projected GGR of $741.8 M, even though the South Cobb and Lake Lanier option had the best projected GGR.
The read more plan using the most potential income for Georgia included one casino within the Atlanta area, one casino within the Savannah area, and one within the Jekyll Island area. The sites were evaluated depending on proximity to other tourist attractions, as the newest casino within the Atlanta area would aim to enhance the city's tourism aspects.
The study also drew upon evaluations of other states' programs, for example Indiana, Pennsylvania, and New Jersey, as well as looking abroad to Singapore's gaming control board. It suggested a strong regulatory framework, supplied by the Georgia Lottery Corporation, to ensure honest gaming and prevention of potential corruption.
The report projects that the earliest the state could start seeing revenue through the passage of an gaming bill was 2014. Considering how long it loved move a Sunday alcohol sales bill forward, this kind of fast-track is probably not possible. Talk has previously been supply about casinos in Atlanta, but was quickly sloughed off. If there is support from Georgia's us president this time, then your plan could speak to a different fate.