AGA Launches 10th Anniversary Research Series - Sunday 12th of June 2005

WASHINGTON -- (PRESS RELEASE) -- In commemoration of its 10th anniversary this month, the American Gaming Association (AGA) is launching a series of research white papers that will highlight the evolution of casino gaming during the past decade and provide analysis of key issues currently facing the gaming-entertainment industry. The first paper in the series, released today, discusses the impact of gaming privilege taxes on capital investment, job creation and other economic contributions in casino host jurisdictions. Subsequent papers periodically will be released throughout the next 12 months.

Each white paper in the 10th anniversary research series will be authored by an individual or organization with expert knowledge of the paper's topic and will provide either an analytical or broad-stroke examination of a different industry-related subject. Planned topics include economic impact of the industry, workforce diversity, Wall Street impact, employee wages and benefits, responsible gaming, and more. Eugene Christiansen, CEO of Christiansen Capital Advisors and a leading gambling and entertainment industry analyst, authored the first paper.

"The goal of the 10th anniversary white paper series is to fill a void in the information currently available about the commercial casino industry," said Frank J. Fahrenkopf, Jr., president and CEO of the AGA. "The series will create a comprehensive, up-to-date resource for our members, regulators, policy makers, members of the media and others with a stake in our industry. We have gathered leading experts to author these diverse pieces, ensuring that the series will be a relevant research tool for years to come."

Christiansen's paper, "The Impacts of Gaming Taxation in the United States," theorizes that unreasonable tax rates on gaming operations can have the opposite effect legislators intend – thwarting capital investment, forcing job cuts and ultimately leading to long-term revenue losses. He provides hard data and concrete examples to show that lower tax rates are the key to creating jobs, capital and, in fact, increased tax revenue.

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