2. Private Sector
Bear Stearns
Boyd Gaming Corp.
Casino Association of New Jersey
Credit Suisse
Elad Properties
Guam Hotel and Restaurant Association
Hard Rock Hotel
Harrah’s Entertainment
House of Blues
International Game Technology
Jefferies & Co.
Las Vegas Sands
Pinnacle Entertainment
Trump Entertainment Resorts
Public Sector
Atlantic City Convention and Visitors Authority
Broward County, Florida
Commissioner of Financial Institutions – Puerto Rico
The Netherlands Gaming Control Agency
New Jersey Casino Control Commission
New Jersey Division of Gaming Enforcement
Pennsylvania Department of Revenue
Philippine Amusement & Gaming Control Corp.
Puerto Rico Tourism Company, Gaming Division
Rostov Oblast, Russia
Singapore Ministry of Home Affairs
St. Lucia Gaming Authority
State of Connecticut
State of Massachusetts
U.S. Virgin Islands Casino Control Commission
West Virginia Lottery
We believe that a firm can be judged by the company it keeps.
Some of our satisfied clients include:
Native American
Gila River Indian Community
Oneida Indian Nation
Pokagon Band of Potawatomi Indians
Pueblo of Ohkay Owingeh (formerly San
Juan Pueblo)
Seneca Nation of Indians
Yavapai-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.”
—Daniel O’Connell, Secretary of Housing and Economic Development, Commonwealth of Massachusetts

3. our company
Experience. 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.”
—Alex Stolyar, Vice President of Corporate Development, Pinnacle Entertainment

4. 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 Research
When 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 services
Spectrum 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.”
-Joseph A. Corbo, Jr., President, Casino Association
of New Jersey
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

5. New Technology Services
Technology 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 Services
Government 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 services
Regulators, 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 security
R Overview of casino crime
R Investigative techniques
R Evidential issues
R Bank Secrecy Act/Money Laundering
• Litigation support – civil and criminal
R Review evidence
R Trial preparation/strategy
• Expert witnesses and litigation services
R Research
R Testimony
from east to west.
“A focus on integrity has allowed
Spectrum to thrive.”
- 2008 Inc. 5000, Inc. magazine

6. 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 publications
Since 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.com
or 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

7. 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 LLC
1201 New Road, Suite 308
Linwood, NJ 08221 USA
Main: (609) 926-5100
Fax: (609) 926-5121
www.spectrumgaming.com
info@spectrumgaming.com
contact us
experience. integrity. independence.