1. NCLGS 2014 Winter Meeting GAMING EXPANSION AND RESORT-BASED CASINOS: WHAT ARE THE LIMITS? Saturday, January 11th, 2014

2. Saturation of the Mid-Atlantic Gaming Region

3. 2015 2002200420062008201020121980 19902000 MID-ATLANTIC CASINO OPENINGS October 2006 - Empire City at Yonker’s Raceway, NY - Mohegan Sun at Pocono Downs, PA December 2006 Parx Casino, PA February 2008 Hollywood Casino at Penn National, PA September 2010 - Sugarhouse Casino, PA - Hollywood Casino Perryville, MD Planned for 2014 Horseshoe Baltimore, MD May 2009 Sands Casino Resort, PA January 2007 Harrah’s Chester Casino & Racetrack, PA October 2007 Mt. Airey Casino Resort, PA December 1995 - Delaware Park - Dover Downs June 2004 Monticello Casino & Raceway, NY 1978 - 2012 Atlantic City Development August 1996 Harrington Casino, DE June 1994 Hollywood Casino at Charles Town, WV January 2011 Ocean Downs, MD October 2011 Aqueduct, NY March 2012 Valley Forge Casino, PA June 2012 Maryland Live, MD Planned for 2016 - MGM / Penn National, National Harbor, MD - 2 nd Philadelphia Casino, PA May 2013 Rocky Gap Casino, MD

4. Current Mid-Atlantic Gaming Landscape 30 Casinos with 3 planned to open within the next 2 years (Horseshoe Baltimore, MGM National Harbor, & a 2 nd Philadelphia casino

5. Even the states that recently expanded gaming are now complaining about saturation Maryland Live – fought against additional casino operator licenses for Maryland Sugarhouse – fought against additional Philadelphia casino operator licenses Atlantic City – Atlantic Club closing and being sold for parts