The Georgia Lottery Commission has received a study to review the potential and feasibility for establishing casinos in Georgia.
Spectrum Gaming Group has build an 84-page report for your GLC, delivered for the Governor to examine last week. The report features a bidding process, regulation, revenue streams, types of games and machines, and locations for this kind of move.
Jim Galloway of the AJC filed a request for your report, that she has graciously shared. (Be warned, it's a large download and may take some time.) The report indicates that the opportunity revenue that could be realized for that state of Georgia could approach one billion dollars - no small sum to get a state that has spent the past several years looking to close budget gaps of similar size.
The report analyzed the potential of a casino at several different locations in Atlanta at Savannah and/or Jekyll Island. Such locations would generate revenue for your state using the upfront auction of casino applications as well as 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 capability to generate revenue moving forward.
The six Atlanta locations were determined to have downtown Atlanta, Cobb County with the Galleria, DeKalb County near the intersection of I-20 and I-285, South Cobb County near Six Flags, Clayton County near the airport, and the Lake click here Lanier area in Gwinnett County.
The two locations with the highest potential gross gaming revenue (GGR) were the downtown location ($791.5 M) along with the Galleria locations ($788.2 M). The DeKalb option was analyzed to get 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 cheapest projected GGR.
The plan using the most potential income for Georgia included one casino in the Atlanta area, one casino inside Savannah area, and one inside the Jekyll Island area. The sites were evaluated according to proximity to other tourist attractions, as the modern casino within the Atlanta area would seek to enhance the city's tourism aspects.
The study also drew upon evaluations of other states' programs, including 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 make certain honest gaming and prevention of potential corruption.
The report projects the earliest the state of hawaii could start seeing revenue in the passage of a gaming bill was 2014. Considering the length of time it took to move a Sunday alcohol sales bill forward, this kind of fast-track may not be possible. Talk has previously been supply about casinos in Atlanta, but was quickly sloughed off. If there is support from Georgia's chief executive this time, then your plan could talk with a different fate.