726 Euclid Avenue, Berkeley, CA

As a group, and before the current economic conditions, the listed companies had a net margin (profit before tax and depreciation) that averages 25% of income after tax of gross revenues and payments of interest. On average, almost two thirds of the remaining profits are used for reinvestment and replacement of assets. Casino operations to lower courts gross gaming tax rates are more easily able to reinvest in their properties, income thus further improve that will eventually benefit from the tax base. New Jersey is a good example because it mandates certain reinvestment allowances as an incentive to return. Other states, like Illinois and Indiana with a higher effective, reducing the risk of re-investment that could potentially affect the ability of casinos to increase penetration of market demand, especially as neighboring states become more competitive. In addition, effective management can generate higher profits available for reinvestment, from both efficient operations and favorable loan offers and fairness.