Session #: 078-24
Presenter(s): John Knott Session Length: 1 hr. 15 min. Event: development '08 Conference Date: October 21-23, 2008
Once thought of as unique businesses that were focused only on casino activities, gaming companies have evolved to take advantage of the real estate opportunities that result from the overall economic activity created by these developments. Customers visiting gaming properties are looking for entertainment. They want to play, eat, shop and experience something they don't get at home. Even the neighborhood casinos offer a place to get away. While some communities view gaming as a necessary evil, the reality is that gaming development is economic development. More than jobs are being created. With a competitive tax environment, gaming property owners heavily reinvest in their properties and this reinvestment benefits the surrounding properties creating opportunity for many, not just a few. Learn what has happened in various markets and what opportunities are likely to evolve in the future.
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