2. THE SITUATION
A Critical Condition with Unique Potential
• Shuttered naval base and
underutilized resource
• Area unemployment and
economic hardship
• Need to enhance the overall
Puerto Rico tourism market
• Need to stimulate investment,
create jobs, encourage visitation
and re-energize through true
economic development
• In short – a strategic vision for
Roosevelt Roads rather than a
patchwork of land sales and an
“The Caribbean
empty promise of the future
Riviera”
3. THE PREMISE
An Economic Development Strategy
• Leverage gaming as an
“Economic Engine”
• Create world-class quality and
appeal in all aspects
• Focus on job creation and true,
regional economic development
• Enhance the tourism brand of
Vieques, Culebra and Puerto
Rico
• Utilize the inherent amenities of
the Roosevelt Roads property
• Articulate a compelling vision
“The Caribbean • Create a non-derivative homerun
Riviera”
4. Framing the Opportunity
Overview of Gaming & Tourism Markets
• Gaming
US
Canadian
Las Vegas
Macau
European
Asian
Island/Caribbean
Genting Highlands
• Caribbean Tourism
Monte Carlo
Current
Trends
Competition
El Conquistador
Old San Juan
5. Framing the Opportunity
Physical Potentials of the Roosevelt Roads Property
• Tremendous land availability
• Key central location to
Caribbean tourism, as well
as Cuba, Bahamas and
Central America
• Abundant natural amenities
and attractions
• Deep water port
• Airfield opportunities
• Ability to create a unique
destination context
• Ability to offer multiple
“invitations” for visitors
6. THE OPPORTUNITY
Roosevelt Roads as an Economic
Development Initiative for Today
• A unique approach to leverage assets and
strengths toward economic redevelopment
• Capture the world’s largest growth
industry – Travel/Tourism/Entertainment
• A “destination-building” initiative - focus
is not merely gaming alone
• Leverage the unique amenities and eco-
tourism draw of the surrounding area
• Strengthen and enhance Puerto Rico’s
investment in convention and trade
industry outside San Juan
• Support existing local business and
“The Caribbean assets in Ceiba, Naguabo, Vieques,
Riviera” Culebra and Eastern Puerto Rico
• Create new employment and sustainable
industries
7. Gaming and Tourism Precedents
Signature Developments
• Successful integration of
casino gaming as part of a
destination
Monte Carlo
Montreal
• Signature components of the
total entertainment and
tourism development
program
• Examples from other world-
class cities
Fallsview
Sun City
– Grand Casino, Monte Carlo
– Casino De Montreal, Montreal
– Fallsview, Niagara Falls
– Atlantis, Bahamas
– Sun City, South Africa
Genting Highlands
– Genting Sentosa, Singapore
– Genting Highlands, Malaysia
Atlantis
8. Gaming and Tourism Precedents
Grand Casino – Monte Carlo
• A 140 year old success story
• Originally conceived as an
economic development
engine to build tourism
industry
• A catalyst for economic
development program
– grand hotel
– opera house
– theater
– railroad/transit system
• Architecturally, a source of
civic pride and public image
– to Monaco and to the entire
Mediterranean
9. Gaming and Tourism Precedents
Casino de Montreal - Montreal
• A very successfully integrated
urban casino referred to as a
“jewel in the skyline”
• Forged strong relationships
with local artisans, theatrical
venues, visitor amenities,
civic foundations and the like
• ±100,000 SF of gaming area
• ±3,100 slot machines and
124 gaming tables
• More than 6.5 million visitors
in 2003
• Casino workforce over 3,300
employees
10. Gaming and Tourism Precedents
Casino Fallsview - Niagara Falls
• Great success in achieving
broader economic
development aspects
• ±130,000 SF of gaming area
• ±3,000 slot machines and
150 gaming tables
• Approximately 30,000 visitors
per day
• Casino complex workforce of
about 5,000 employees
• Extensive spin-off benefits for
area hotels and businesses
11. Gaming and Tourism Precedents
Atlantis, Paradise Island - Bahamas
• World renown +170 acre
Bahama resort
• Largest Caribbean casino at
50,000 SF including over
1,000 slots, 100 table games
and race and sports book
betting
• 6 hotels with over 3,700
rooms including 21
restaurants and 19
bars/nightclubs
• 100 Acre “aqua park”, one of
the largest in the world
• 18 hole golf course
12. Gaming and Tourism Precedents
Atlantis, Paradise Island - Bahamas
Recent Atlantis Comments
“The prospects are very good and
we think occupancy will be
maintained in excess of 80
percent. We've invested
approximately $2 billion so far
here in Paradise Island. In
terms of what's ahead, we still
have some great beaches and
some great undeveloped real
estate.”
Atlantis Management
13. Gaming and Tourism Precedents
Sun City - South Africa
• One of the first “resort”
casinos, built in 1970s
drawing 25,000 visits daily
• Located 100 miles from
Johannesburg
• Four hotels - 1,300 rooms
• Full range of table games,
slots and salons
• Includes 45 acre water park,
two championship 18 hole
golf courses, 6,000 seat
arena
• Adjacent to 135,000 acre
Pilanesberg National Park
and game reserve
14. Gaming and Tourism Precedents
Genting Highlands - Malaysia
• 19.6 Million visitors in 2007
• 6 hotels, with over 10,000
rooms
• 200,000 SF of gaming space
• 500,000 SF Indoor Theme
Park
• 40 minute drive from Kuala
Lumpur
15. Gaming and Tourism Precedents
Resorts World Sentosa Island – Genting - Singapore
• 120 acre $6 billion resort
development located 25 miles
from Singapore airport to
open 2010
• Expected to add $2.7 billion
to Singapore’s GDP and
create 10,000 direct jobs
• Program includes 6 hotels -
1,800 rooms, Universal
Studios, Marine Life Park
Oceanarium, a water park,
Hard Rock hotel, and 10,000
seat amphitheater
• Casino 150,000 SF with
1,600 seat Theater
16. THE KEY METRICS
Clear Strategic Objectives
• Gaming Revenue
provides resources to invest in the region
• Development Investment
key focus for Roosevelt Roads, Vieques, and
Culebra
• Employment & Broad Impact
potential for multiplier benefits
• Enhanced (unique) Tourism Brand
a competitive advantage strengthening all
area resorts
• World Class Quality
a source of pride for all of Puerto Rico
“The Caribbean
Riviera”
17. THE VISION
A World-Class, Signature Development
• High quality gaming venue
• Riviera-style destination resort
• International airport
• International cruise port
• Partnership initiative with Vieques/Culebra
• Stewardship with Conservation Trust
• A true economic development strategy
“The Caribbean
Riviera”
18. Conceptual Approach
Creating a Development Vision
• Puerto Rico as The Caribbean
Riviera
– Central location and
hub to Caribbean
tourism
– What Monte Carlo is as
icon to the
Mediterranean,
Roosevelt Roads can
be to the Caribbean
– Right vision will elevate
all of Puerto Rico
19. Conceptual Approach
Creating a Development Vision
• Roosevelt Roads as the Transformational Economic Engine of
the Region
20. El Yunque
Vieques
Culebra
• A natural extension of the eco-tourism icon of El Yunque
El Conquistador
• Linked with Vieques and Culebra to form a most unique
cruising and recreational paradise
• Launch point for the islands, and other parts of the
broader region
• Support for the Puerto Rico resorts and tourist amenities
(including Bahia Beach, El Conquistador, Coco Beach,
Palmas del Mar, “W” Vieques, Rio Mar, Cayo Largo)
Luquillo Beach
• The heart of new employment and investment: on-site,
off-site, across the region
21. Conceptual Approach
Creating a Development Vision
• Creatively Leveraging
Inherent Amenities
– Abundant Natural Amenities:
El Yunque, coastal, marshland
and mangroves, topography,
beaches)
– Reuse potential: deep water
cruise port, destination airport,
inner harbor and high-speed
ferry hub)
– Unlike anything else in Puerto
Rico or the Caribbean: multiple
invitations, a collection of many
activities
– Vieques and Culebra linked as
economic development
partners
22. Conceptual Approach
Creating a Development Vision
Bold Ideas and Initiatives
• Inner Harbor
Sidney Harbor
Monte Carlo
– International cruise hub and yachting center
– High speed ferry link to Vieques, Culebra, resorts
– Destination shopping and wharf district
– Theater and entertainment
– International Quality Casino
– Hotels, lodging and premier destination resort
– Waterfront corniche and new city fabric
• Eco-Tourism Adventure
– Diving, exploration and link with islands
– Environmental education
• Island Paradise
– International yachting harbor and center
– Resort residential
– Villages and towns
– Port Grimaud
– A living community
• Destination Airport
– Gateway to South America and Caribbean
– Direct access from EU countries
– Enhancement of Puerto Rico airside infrastructure
• Landside Development
Port Grimaud, France
– Community, schools, retail and support
– Employee housing
– Future expansion potential
Eco-Tourism
42. IMPACTS AND BENEFITS
The Fiscal Results of a Strategic Vision
Total Phase One Investment - $1.9 Billion
Permanent and Temporary Jobs
• 17,000 Phase One on-site jobs
• 42,500 Phase One total jobs
• 3,000 Temporary Construction Jobs
Direct and Indirect Fiscal Benefits
• 1.7 million visitors night annually
• Increased hotel occupancy
• Sales, hotel, income, property, gaming and
other tax receipts
• Gross resort sales volume - 2,500 rooms
“The Caribbean and 130,000 SF casino- $1 billion
Riviera” • Over one half billion dollars of new
incremental spending
43. IMPACTS AND BENEFITS
The Fiscal Results of a Strategic Vision
Regional Employment
• Vieques and Culebra - Absolute
partners in tourism product-
substantially expanded tourism at
these destination islands
• Ceiba, Fajardo, Luquillo, and
Naguabo – key employment centers
serving the project
• Necklace of resorts that will benefit
and expand their tourism base:
– Bahia Beach
– El Conquistador
– Coco Beach
– Palmas del Mar
– “W” in Vieques
“The Caribbean
– Cayo Largo
Riviera”
45. Essentials for Success
• Unique destination place
leveraging assets of Roosevelt Roads
• Competitive Gaming Regulatory structure
critical to attract quality companies
• Competitive Gaming Investment Structure
consider a range of options
• Incentives and Catalysts
ability for government to be the driver
• Industry Insights
understand gaming economics and industry issues
“The Caribbean Riviera”
46. “The Caribbean An Economic Development Strategy to
Riviera” Realize Tomorrow’s Vision Today
