Private SectorBear StearnsBoyd Gaming Corp.Casino Association of New JerseyCredit SuisseElad PropertiesGuam Hotel and Restaurant AssociationHard Rock HotelHarrah’s EntertainmentHouse of BluesInternational Game TechnologyJefferies & Co.Las Vegas SandsPinnacle EntertainmentTrump Entertainment Resorts

Public SectorAtlantic City Convention and Visitors AuthorityBroward County, FloridaCommissioner of Financial Institutions – Puerto RicoThe Netherlands Gaming Control AgencyNew Jersey Casino Control CommissionNew Jersey Division of Gaming EnforcementPennsylvania Department of RevenuePhilippine Amusement & Gaming Control Corp.Puerto Rico Tourism Company, Gaming DivisionRostov Oblast, RussiaSingapore Ministry of Home AffairsSt. Lucia Gaming AuthorityState of ConnecticutState of MassachusettsU.S. Virgin Islands Casino Control CommissionWest Virginia Lottery

We believe that a firm can be judged by the company it keeps. Some of our satisfied clients include:

Native americaNGila River Indian CommunityOneida Indian NationPokagon Band of Potawatomi IndiansPueblo of Ohkay Owingeh (formerly San Juan Pueblo)Seneca Nation of IndiansYavapai-Apache Nation

To learn more, visit spectrumgaming.com, or email info@spectrumgaming.com

our clients

“the analysis provides a comprehensive response to the many thoughtful questions raised by leg-islators and other interested groups, and reflects the integrity and financial expertise for which Spectrum Gaming is widely regarded.” —DanielO’COnnell,SecretaryofHousingandeconomicDevelopment,CommonwealthofMassachusetts

our companyExperience. Integrity. Independence. These are the hallmarks of Spectrum Gaming Group, the world’s foremost gaming research and professional services firm. Through our staff and global network of affiliates and associates, we employ renowned experts in every facet of the gaming industry, from research to regulation.

Each Spectrum engagement is customized to the client’s specific requirements and developed from the ground up. Our findings, conclusions and rec-ommendations are based solely on our research, analysis and experience. We do not tell clients nec-essarily what they want to hear; we tell them what they need to know.

Spectrum has been working with private- and pub-lic-sector clients since its founding in 1993, though the collective gaming-industry experience of our executives and associates is measured in hundreds of years.

Governments, gaming operators, developers and investors in five continents have retained Spectrum, and we stand ready to serve clients through our of-fices Atlantic City, Bangkok, Guangzhou, Harrisburg Hong Kong, Las Vegas, Macau, Manila and Tokyo.

Our reputation for excellence, independence has in-tegrity has prompted governments and the media to routinely solicit the expertise of Spectrum executives.

We have been called to testify before state and fed-eral government bodies, including:

• Massachusetts Joint Committee on Bonding, Capi-tal Expenditures, and State Assets

• National Gambling Impact Study Commission• New Jersey Assembly Tourism and Gaming Committee• New Jersey Senate Wagering, Tourism & Historic

Preservation Committee• U.S. House Congressional Gaming Caucus• U.S. Senate Select Committee on Indian Gaming• U.S. Senate Subcommittee on Organized Crime

Additionally, Spectrum executives have appeared on such national broadcast outlets as CNBC, CNN and NPR, and been quoted by Forbes, Internation-al Herald Tribune, New York Times, Toronto Globe and Mail, Wall Street Journal and Washington Post, among many other publications.

“We have retained Spectrum to help us understand the marketplaces in which we have competed for new gaming licenses, including baton rouge, louisi-ana and Kansas city, Kansas. in each instance, they demonstrated a thorough knowledge of the gaming industry, excellent reasoning and analytics of the issues involved, and a superior work product.”

—alexStOlyar,VicePresidentofCorporateDevelopment,Pinnacleentertainment

Spectrum Gaming Group is without peer in research and professional services. Our combination of expe-rience and breadth of services provides gaming operators, developers, investors, government agencies, Indian nations and attorneys with a single source for their comprehensive needs.

our services

ecoNomic reSearchWhen projections and impacts count, count on Spectrum Gam-ing Group. Developers and investors have relied on Spectrum to determine the feasibility of building multibillion-dollar projects on the Las Vegas Strip. Governments – national, state, local and tribal – have relied on Spectrum to gauge the economic and social im-pacts of proposed casinos both in urban and rural envronments. Wall Street repeatedly turns to Spectrum when weighing gaming investments of hundreds of millions of dollars. Our economic ser-vices include:

• Feasibility studies• Market analyses• Economic impact reports• Reasonableness tests• Strategic planning• Benchmarking

caSiNo ServiceSSpectrum executives and associates have decades of casino op-erational experience at senior-management levels in multiple ju-risdictions. Whether managing the entire gaming operation on an interim basis, gauging guest satisfaction or correcting perfor-mance metrics, we can provide solutions to improve your gaming operations. Our services include:

• Consumer-service audits (guest satisfaction)• Operating distressed casino properties or casinos operat-

ing in conservatorship• Evaluating and remedying the operations of underper-

forming gaming operations

“Spectrum has a depth of knowledge and understanding of our industry and also has the resources necessary to complete in-depth data assemblage and analysis. [We] re-tained Spectrum because of their reputation for integrity and the credibility that it enjoys within both industry and government circles.”

-JOSePHa.COrbO,Jr.,President,Casinoassociation ofnewJersey

iNveStiGatioNS aNd due diliGeNce (FINANCIAL AND INTEGRITY) When the government of Singapore needed investigations of the ap-plicants for its two gaming licenses, it turned to Spectrum Gaming Group. We perform detailed background checks and investigations to provide both regulators and operators with the information they need to make critical decisions concerning approvals and associa-tions. Such due diligence services include:

• Corporate entity investigations• Vendor licensing investigations• Employee licensing investigations• Country evaluations• Business intelligence• Operational review and financial forecast of acquisition targets

NeW techNoloGy ServiceSTechnology is revolutionizing casino floors around the world, from cashless systems to server-based gaming. Spectrum Gaming Group is continuously positioned at the cutting edge of new technology, providing services for equipment manufacturers, gaming operators and regulators. Among our services in this field:

• Technology concept or implementation review and analysis• Technology concept operational impact• Network security review• Electronic revenue analysis, procedures and implementation• Regulatory compliance of manufacturer’s new concepts and

designs• Server-based and server-supported concept review and im-

plementation

GamiNG reGulatory ServiceSGovernment agencies and regulatory commissions routinely engage Spectrum Gaming Group for myriad services when introducing or ex-panding casino gambling. Spectrum’s team of former regulators, enforce-ment agents and attorneys collectively has decades of experience in all aspects of regulation. Our services include:

• Licensing investigations• Drafting of legislation and regulation• Anti-money laundering controls• Drafting and implementing minimum internal control standards• Compliance auditing• Investigations relating to cheating, swindling, fraud and abuse• Establishment of investigative procedures• Evaluation of public policy

leGal SuPPort ServiceSRegulators, prosecutors and gaming operators turn to Spectrum Gaming Group and its decades of experience in areas such as support for crimi-nal prosecution, gaming enforcement, game protection and security. Spectrum’s array of legal support services includes:

• Review of gaming statutes to ensure comprehensive statutory structure

• In-service training for police, prosecutors and casino securityR  Overview of casino crimeR  Investigative techniquesR  Evidential issuesR  Bank Secrecy Act/Money Laundering

• Litigation support – civil and criminalR  Review evidenceR  Trial preparation/strategy

• Expert witnesses and litigation servicesR  ResearchR  Testimony

from east to west.

“A focus on integrity has allowed Spectrum to thrive.”

-2008inc.5000,inc.magazine

Gaming Industry Observer – which has won four national awards for edito-rial excellence based on its comprehensive analysis of gaming issues – has been growing with the casino industry, providing in-depth analysis from Atlantic City to Las Vegas to Macau.

Gaming Industry Ob-server enjoys an in-fluential readership, including corporate CEOs, slot manu-facturer executives, regulators, legislators, attorneys, architects, investors, analysts and

developers. The analysis in Gaming Industry Observer is used by our read-ers to benchmark performance at their properties, make investment deci-sions, chart the future for their companies and understand the impact of regulation. Published 20 times per year, Gaming Industry Observer is the most eagerly awaited publication in the industry.

Spectrum Gaming Group produces premier gaming-industry conferences, each of which attracts hundreds of attendees and the most prominent leaders impacting the industry, from state governors to corporate chief executives to regulators. Our confer-ences provide attendees with intensive and thought-provoking panel discussions and keynote addresses, as well as outstanding networking opportunities.

Our conferences include: • East Coast Gaming Congress (eastcoastgamingcongress.com) • Florida Gaming Summit (floridagamingsummit.com) • Pennsylvania Gaming Congress (pagamingcongress.com) • State Gaming Forums

our publicationsSince 1996, Michael Pollock’s Gaming Industry Observer has been the gold standard among industry trade publications. That is because we provide “Intelligence for the Gaming Industry.” Our award-win-ning, advertising-free newsletter spots, tracks and analyzes trends that will impact the near- and long-term future of gaming, including trends in politics, regulation, economics and finance, marketing and management.

To subscribe or learn more, visit www.gamingobserver.comor email info@gamingobserver.com

Hundreds of our subscribers have “powered up” to Gaming Industry Observer’s premium service, GIO2. In addition to receiving our newsletter, GIO2 subscribers receive the following reports and benefits:

• atlantic city revenue analysis – Delivered on the 10th of each month, this report not only crunches the monthly gross revenue figures in ways unavailable anywhere else, but it also pro-vides a snapshot of the external factors influenc-ing each month’s results. Our detailed analysis provides benchmarks by gaming operators and analysts across the country.

• east coast Slot report© – This monthly sta-tistical analysis has becomes the bible for gam-ing operators from Maine to Florida who seek to compare state-by-state, property-by-property slot performance metrics.

• midwest Slot report© – Just like our East Coast report, except tailored for the Midwestern markets, from Michigan to Mississippi.

• National regulatory digest – Delivered on the 1st and 15th of each month, we report on the regulatory activity in U.S. commercial gam-ing jurisdictions and the National Indian Gaming Commission.

• Subscriber perks, including discounts on all Spectrum conferences, special bonus reports and free back issues of the newsletter.our conferences

Let Spectrum Gaming Group work for you. To learn more about our services, our capabilities and our exper-tise please call or email us. You will talk with an executive who can discuss your particular needs. If you hap-pen to be in the Atlantic City area, please stop by our headquarters, located just outside of Atlantic City, in the Cornerstone Commerce Center on Route 9 in Linwood, New Jersey:

Spectrum Gaming Group LLC1201 New Road, Suite 308Linwood, NJ 08221 USAMain: (609) 926-5100Fax: (609) 926-5121

www.spectrumgaming.cominfo@spectrumgaming.com

contact us

experience. integrity. independence.