The Georgia Lottery Commission has gotten 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 your GLC, delivered to the Governor to review 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 with 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 that state of Georgia could approach one billion dollars - no small sum to get a state that has spent the very last several years looking to close budget gaps of similar size.
The report analyzed the potential of a casino at several different locations in Atlanta and also 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 nearby the airport, as well as 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 experience a potential GGR of $770.2 M. Clayton County features a projected GGR of $741.8 M, as the South Cobb and Lake Lanier option had the lowest projected GGR.
The plan with the most potential income for Georgia included one casino in the Atlanta area, one casino inside Savannah area, and one inside Jekyll Island area. The sites were evaluated depending on proximity along 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 ensure honest gaming and prevention of potential corruption.
The report projects that this earliest hawaii could start seeing revenue from your passage of the gaming bill was 2014. Considering how long it loved move a Sunday alcohol sales bill forward, this kind of fast-track might not be possible. Talk has previously been put forth about casinos read more in Atlanta, but was quickly sloughed off. If there is support from Georgia's us president this time, then your plan could meet with a different fate.