The Georgia Lottery Commission has brought a study to analyze the potential and feasibility for establishing casinos in Georgia.
Spectrum Gaming Group has assembled an 84-page report to the GLC, delivered to the Governor to check last week. The report encompasses a bidding process, regulation, revenue streams, varieties of games and machines, and locations for this type of move.
Jim Galloway of the AJC filed a request to the report, that they has graciously shared. (Be warned, it is a large download and may even take some time.) The report indicates that the possible revenue that could be realized for the state of Georgia could approach one billion dollars - no small sum to get a state that has spent the past several years attempting to close budget gaps of similar size.
The report analyzed the possibility of a casino at several different locations in Atlanta at Savannah and/or Jekyll Island. Such locations would generate revenue for 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 will hamper the brand new site's capability to generate revenue to come.
The six Atlanta locations were determined to maintain downtown Atlanta, Cobb County from the Galleria, DeKalb County at the intersection of I-20 and I-285, South Cobb County near Six Flags, Clayton County at the airport, along with the Lake get more info Lanier area in Gwinnett County.
The two locations with the highest potential gross gaming revenue (GGR) were the downtown location ($791.5 M) and also the Galleria locations ($788.2 M). The DeKalb option was analyzed to have a potential GGR of $770.2 M. Clayton County has a projected GGR of $741.8 M, as the South Cobb and Lake Lanier option had the minimum projected GGR.
The plan while using most potential income for Georgia included one casino inside the Atlanta area, one casino in the Savannah area, and one inside Jekyll Island area. The sites were evaluated depending on proximity with other tourist attractions, as the new casino inside Atlanta area would look 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 with the Georgia Lottery Corporation, to ensure honest gaming and prevention of potential corruption.
The report projects the earliest the state of hawaii could start seeing revenue from the passage of your gaming bill was 2014. Considering how much time it popularized move a Sunday alcohol sales bill forward, a real fast-track might not be possible. Talk has previously been do about casinos in Atlanta, but was quickly sloughed off. If there is support from Georgia's us president this time, then the plan could talk with a different fate.