The Georgia Lottery Commission has gotten a study to check the potential and feasibility for establishing casinos in Georgia.
Spectrum Gaming Group has build an 84-page report for that GLC, delivered for the Governor to analyze 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 in the AJC filed a request for the report, that she has graciously shared. (Be warned, it is a large download and may even take some time.) The report indicates that the potential revenue that might be realized for the state of Georgia could approach one billion dollars - no small sum to get a state that has spent the last several years attempting to close budget gaps of similar size.
The report analyzed the possibility of a casino at several different locations in Atlanta and also at Savannah and/or Jekyll Island. Such locations would generate revenue for your 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 modern site's ability to generate revenue moving forward.
The six Atlanta locations were determined to maintain 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 at 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) along with the Galleria locations ($788.2 M). The DeKalb option was analyzed to possess 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 plan while using most potential income for Georgia included one casino in the Atlanta area, one casino within the Savannah area, and one inside Jekyll Island area. The sites were evaluated according to proximity with tourist attractions, as the newest casino inside Atlanta area would attempt to enhance the city's tourism aspects.
The study also drew upon evaluations of other states' programs, such as Indiana, Pennsylvania, and New Jersey, along with looking abroad to Singapore's gaming control board. It suggested a solid regulatory framework, supplied by the Georgia Lottery Corporation, to make certain honest gaming and prevention of potential corruption.
The report projects how the earliest hawaii could start seeing revenue through the passage of the gaming bill was 2014. Considering how long it latched onto 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 us president here this time, then your plan could talk to a different fate.