The Georgia Lottery Commission has brought a study to check the potential and feasibility for establishing casinos in Georgia.
Spectrum Gaming Group has come up with an 84-page report for the GLC, delivered to 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 in the AJC filed a request for that report, that they has graciously shared. (Be warned, it is just a large download and could take some time.) The report indicates that the possible revenue that may be realized for your state of Georgia could approach one billion dollars - no small sum for any state that has spent the very last several years trying 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 to the state based on the upfront auction of casino applications as well as on annual licenses and tax receipts. The upfront application fee, though, cannot be too large, or it could hamper the newest site's capacity to generate revenue to come.
The six Atlanta locations were determined to be in downtown Atlanta, Cobb County by the Galleria, DeKalb more info County near the intersection of I-20 and I-285, South Cobb County near Six Flags, Clayton County near the airport, and the Lake Lanier area in Gwinnett County.
The two locations with the highest potential gross gaming revenue (GGR) were the downtown location ($791.5 M) and the Galleria locations ($788.2 M). The DeKalb option was analyzed to have a potential GGR of $770.2 M. Clayton County carries a projected GGR of $741.8 M, whilst the South Cobb and Lake Lanier option had the minimum projected GGR.
The plan with all the most potential income for Georgia included one casino within the Atlanta area, one casino within the Savannah area, and one in the Jekyll Island area. The sites were evaluated determined by proximity along with other tourist attractions, as the brand new casino in the Atlanta area would attempt to enhance the city's tourism aspects.
The study also drew upon evaluations of other states' programs, including Indiana, Pennsylvania, and New Jersey, in addition to looking abroad to Singapore's gaming control board. It suggested a strong regulatory framework, supplied from the Georgia Lottery Corporation, to make sure honest gaming and prevention of potential corruption.
The report projects that this earliest hawaii could start seeing revenue from the passage of your gaming bill was 2014. Considering just how long it loved move a Sunday alcohol sales bill forward, this type of fast-track will 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 to a different fate.