Estimated Gaming Income
|Income Approach to Value: Gaming Income Estimate|
Income Estimate: The estimate of the gross gaming income is
based upon the annual income per gaming device as reported on
the Las Vegas “Strip” and comparison of income from existing
facilities on the “Strip” to the subject. While this appraiser
has in his files actual operating statements from existing facilities
on the “Strip”, these cannot be revealed as to exact numbers or facilities since this information
was provided this appraiser in confidence. Most of the income
estimates shown in this report are the average between 1973
upper quartile incomes and the 1973 median quartile incomes
averaged with the average 1974 upper and median incomes. There
are substantial room increases for
reason of the expansion in the number of rooms over the previous
report, the keno income is estimated-at at upper quartile which
is considered to be reasonable estimate.
summary, the projections of gross income from gaming on the following
summary to the Income Approach to value are considered to be
realistic. With an excellent quality of management, the incomes
as projected could be conservative.
The following is a summary of the annual
income per gaming device for the years 1971, 1972, 1973 and 1974
as reported in the Nevada Gaming Abstracts.
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Last modified Wednesday, 02-Dec-2009 11:24:54 PST