The Georgia Lottery Commission has brought a study to check the potential and feasibility for establishing casinos in Georgia.
Spectrum Gaming Group has put together an 84-page report to the GLC, delivered for your Governor to review last week. The report has a bidding process, regulation, revenue streams, kinds of games and machines, and locations for this type of move.
Jim Galloway with the AJC filed a request for your report, which he has graciously shared. (Be warned, this is a large download and may take some time.) The report indicates that the possibility revenue that might be realized for the state of Georgia could approach one billion dollars - no small sum for a state that has spent the past several years looking to close budget gaps of similar size.
The report analyzed the possibility of a casino at several different locations in Atlanta and at Savannah and/or Jekyll Island. Such locations would generate revenue for your state depending on the upfront auction of casino applications and so on annual licenses and tax receipts. The upfront application fee, though, couldn't be too large, or it will hamper the modern site's ability to generate revenue going forward.
The six Atlanta locations were determined to maintain downtown Atlanta, Cobb County by the Galleria, DeKalb County nearby the intersection of I-20 and I-285, South Cobb County near Six Flags, Clayton County nearby the airport, along with 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 have a potential GGR of $770.2 M. Clayton County carries a projected GGR of $741.8 M, while the South Cobb and Lake Lanier option had the minimum projected GGR.
The plan using the most potential income for Georgia included one casino in the Atlanta area, one casino inside the Savannah area, and one within the Jekyll Island area. The sites were evaluated depending on proximity get more info with tourist attractions, as the modern casino within the Atlanta area would look 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 with 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 through the passage of your gaming bill was 2014. Considering how much time it popularized move a Sunday alcohol sales bill forward, such a fast-track might not be possible. Talk has previously been supply about casinos in Atlanta, but was quickly sloughed off. If there is support from Georgia's leader this time, then the plan could meet with a different fate.