The Georgia Lottery Commission has brought a study to examine the potential and feasibility for establishing casinos in Georgia.
Spectrum Gaming Group has put together an 84-page report for the GLC, delivered for your Governor to check last week. The report encompasses a bidding process, regulation, revenue streams, kinds of games and machines, and locations for this kind of move.
Jim Galloway from the AJC filed a request to the report, which he has graciously shared. (Be warned, it's a large download and could 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 for any state that has spent the past several years wanting 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 that state depending on the upfront auction of casino applications and also on annual licenses and tax receipts. The upfront application fee, though, cannot be too large, or it will hamper the modern site's capacity to generate revenue to come.
The six Atlanta locations were determined to have downtown Atlanta, Cobb County with the Galleria, DeKalb County at the intersection of I-20 and I-285, South Cobb County near Six Flags, Clayton County near the airport, and also 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 more info was analyzed to experience a potential GGR of $770.2 M. Clayton County includes a projected GGR of $741.8 M, as the South Cobb and Lake Lanier option had the cheapest projected GGR.
The plan using the most potential income for Georgia included one casino within the Atlanta area, one casino in the Savannah area, and one in the Jekyll Island area. The sites were evaluated depending on proximity with other tourist attractions, as the brand new casino in the Atlanta area would seek to enhance the city's tourism aspects.
The study also drew upon evaluations of other states' programs, like Indiana, Pennsylvania, and New Jersey, and also looking abroad to Singapore's gaming control board. It suggested a solid regulatory framework, supplied through the Georgia Lottery Corporation, to make sure honest gaming and prevention of potential corruption.
The report projects that the earliest the state of hawaii could start seeing revenue from your passage of your gaming bill was 2014. Considering just how long it took to move a Sunday alcohol sales bill forward, a real fast-track is probably not possible. Talk has previously been help with about casinos in Atlanta, but was quickly sloughed off. If there is support from Georgia's chief executive this time, then this plan could speak to a different fate.