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A family-run business since 1976 Corporate responsibility 200 employees Community support Industry economic trends Des

Diane S. HurleyOctober 15, 2002. . A family-run business since 1976Corporate responsibility 200 employeesCommunity supportIndustry

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A family-run business since 1976 Corporate responsibility 200 employees Community support Industry economic trends Des

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    2. Diane S. Hurley October 15, 2002 A family-run business since 1976 Corporate responsibility 200 employees Community support Industry & economic trends Despite $5 million NJA loss (over 17 years), RI received $20 million in revenue

    3. Diane S. Hurley October 15, 2002

    4. Diane S. Hurley October 15, 2002 1992: Foxwoods Casino opens (no slots) 1993: Foxwoods & CT reach agreement for slots; Pari-Mutuels excluded 1996: Mohegan Sun opens

    5. Diane S. Hurley October 15, 2002

    6. Diane S. Hurley October 15, 2002 1992: General Assembly approves VLTs 1993: Lottery Commission approves “Reel Games” 1996: Major renovations begin

    7. Diane S. Hurley October 15, 2002

    8. Diane S. Hurley October 15, 2002 Rebranding & marketing Capital: Property transformation People: Stable & loyal workforce Newport Grand grows

    9. Diane S. Hurley October 15, 2002

    10. Diane S. Hurley October 15, 2002 Partnership established in 1992 State revenue: Paid off the top NGJA net income: After expenses & taxes RI revenue nearly 10 times NGJA net income

    11. Diane S. Hurley October 15, 2002

    12. Diane S. Hurley October 15, 2002 State share increases as all others decrease State share from NGJA has grown 23% NGJA share has decreased 14% Trend discourages investment

    13. Diane S. Hurley October 15, 2002

    14. Diane S. Hurley October 15, 2002 Most highly regulated industry Safeguards protect state’s interest Employee licensing Security oversight Strong fiscal control NGJA: Impeccable track record

    15. Diane S. Hurley October 15, 2002 Highly competitive vendors RI Lottery Annual Performance Review State-of-the-art VLT technology Over 10 years, state revenue per machine grew from $6,055 to $48,512

    16. Diane S. Hurley October 15, 2002 1993: $6,055 426 Machines 2002: $48,512 776 Machines NGJA VLT Revenue Per Machine

    17. Diane S. Hurley October 15, 2002

    18. Diane S. Hurley October 15, 2002

    19. Diane S. Hurley October 15, 2002

    20. Diane S. Hurley October 15, 2002 A state-of-the-art gaming facility A good corporate citizen Highly competitive Willing to invest

    21. Incentive + Investment = Results

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