Kansas Star – Why we are unique Investment

Gaming Revenue

Benefit to the State and Sumner County

Jobs

Tourism

Management

Summary

Investment per the contractApplicant obligations in the first five years

Kansas Star…………..…...…$260 million – Jan 2015 WinSpirit…………..………….$181 million – Jan 2016

(with tribal gaming – Jan 2018) Kansas Star investment is regardless of tribal

gaming… WinSpirit is not

Gaming Revenue – Year 2016

Conservative projections

Better location

Different contractual obligations

Full build out sooner

State Presentation 12/1 $202.3 $186.9

Cummings Report $213.4 $155.8Wells Report $209.2 $120.5

Kansas Star WinSpirit

State Presentation 10/28 $202.3 $156.5

Benefits To State and Sumner County

Kansas Star WinSpiritConstruction Impacts $246,207,174 $158,787,335

Operations Impacts $188,944,697 $136,237,230

EKay Economic Consultants: Significantly more gaming tax and total tax in the first seven years

Kansas Star WinSpiritTotal tax benefit $371,631,514 $248,797,966

Benefit to Sumner County $20,945,908 $15,634,227

Civic Economics: Significantly more impact to Kansas stakeholders

Jobs

Total Compensation Per Employee - 2014

Kansas Star $37,980*

WinSpirit $24,231**

* Page 80 and 81 of the applicant’s lottery gaming facility management contract** Page 186 and 188 of the applicant’s lottery gaming facility management contract

Tourism – Contractual Obligation

100,000 SF Event Center – Jan 2013$25 million Equestrian Complex – Jan 2015

vs.

$6 million travel plaza – 2014*$12 million racetrack – 2021**

* 2016 if tribal gaming occurs** Not required if tribal gaming occurs

Tourism – Equestrian Complex World class design team

Based on leading research – Crossroads Consulting

• 215,000 – 255,000 visitors from the equestrian market

Supported by all major equestrian associations

It will succeed

American Quarter Horse Association Kansas Horse Council

National Cutting Horse Association Kansas Paint Horse Association

National Reining Horse Association Kansas Quarter Horse Association

Professional Rodeo Cowboys Association American Saddlebred Association of Kansas

National Reined Cow Horse Association Woman’s Professional Rodeo Association

Tourism – Contractual Obligation

300 hotel rooms

vs.

80 hotel rooms

Tourism = Incremental gaming revenue?

Amenities need to be adjacent to the casino to maximize gaming

revenue

Construction Management

Peninsula Team PositionBrent Stevens CEO

Michael Luzich President

Jonathan Swain COO

Natalie Schramm CFO

Dan Edgington Director of Construction

Mike Halastick Director of Development

Peninsula has built three successful projects

Each one - on time and on budget

Operational Management…it mattersAs a team we operate four properties Regulated jurisdictions

Brands make a difference

Submitted Budget Kansas Star WinSpiritAdvertising and Promotions

$25.2 $10.0

Player Comps $8.5 $3.1

Total $33.7 $13.1

$20.6 million more spent per year to drive revenue

Two Very Different Projects

Construction And Management Experience

The Most Capital Invested - $260 million

The Soonest - Within 4 Years

Not Contingent - Park City

The Highest Revenue

The Most Tourism - A True Destination Resort

Supports Education - “Ad Astra”

The Best Choice For Kansas

Summary