Casino Resort Expansion Assessment, Harrah’s Cherokee Valley River

Casino Resort Expansion Assessment, Harrah’s Cherokee Valley River

For the Eastern Band of Cherokee Indians‘ resort casino in North Carolina, Harrah’s Cherokee Valley River, Convergence Strategy Group assessed the feasibility of a large-scale property expansion to strategically position the property for the future.  The $275 million expansion project, which broke ground in October 2022, will build on the success of the resort casino which opened in…

City of Waukegan, IL – Casino Socioeconomic Impact Assessment

City of Waukegan, IL – Casino Socioeconomic Impact Assessment

In 2022, Convergence Strategy Group was retained by the City of Waukegan, Illinois to evaluate the Illinois Gaming Board’s approved resort casino development for Waukegan, Full House Resorts’ American Place, including its potential social and economic impacts.  CSG independently assessed the visitation and revenue potential for the 2,000-position gaming facility via a drive-time based gravity model for the…

St. Tammany Parish, LA – Community Impact Assessment

St. Tammany Parish, LA – Community Impact Assessment

Convergence Strategy Group was retained by St. Tammany Corporation to conduct a Community Impact Study with regard to the potential development of the Camellia Bay Resort Casino and Marina adjacent to Lake Pontchartrain in Slidell.  Evaluated were the potential range of impacts that the large resort casino project could have on Slidell, the surrounding community and St. Tammany Parish…

City of Richmond, VA: Comprehensive Casino Consulting Services

City of Richmond, VA: Comprehensive Casino Consulting Services

Convergence Strategy Group worked with the City of Richmond’s Department of Economic Development to determine the market potential for a casino resort operation in the city, assess potential community impacts, assist the City’s evaluation panel in their review of RFP bid responses, and to help the City negotiate optimal partnership terms with the development group ultimately selected,…

City of Danville, Virginia: Comprehensive Casino Selection Services

City of Danville, Virginia: Comprehensive Casino Selection Services

Convergence Strategy Group worked with City leadership from the initial consideration of bringing gaming to Danville, through the process of operator selection and final negotiations with its selected operator, Caesars Entertainment. The stated goal of the state legislation was to assist economically distressed communities in Virginia, with Danville named as one of 5 potential casino locations.  In…

Tinley Park, Illinois – Racetrack Casino Preliminary Feasibility Study and Socio-Economic Impact Assessment

Tinley Park, Illinois – Racetrack Casino Preliminary Feasibility Study and Socio-Economic Impact Assessment

CSG served the Village of Tinley Park, Illinois in assessing the potential development of a racetrack casino on a brownfield site located in the center of the municipality.  Subsequent to the State of Illinois’ announcement of new casino and racetrack casino licenses, CSG evaluated the northeast Illinois gaming market in terms of competition and its state of…

Chicago and Northern Illinois Casino Market Assessments

Chicago and Northern Illinois Casino Market Assessments

Convergence Strategy Group has performed market assessments for multiple potential casino sites in the Northern Illinois market, including the Chicago region.  The competitive casino environment was evaluated in terms of property performance and market share, as well as the impacts of video lottery terminals.  The regional population was evaluated in terms of size, income levels,…

Poipet, Cambodia – Valuation Analysis

Poipet, Cambodia – Valuation Analysis

Dr. Fisher provided a market analysis and an impact on valuation estimate for Donaco International’s DNA Star Vegas casino resort in Poipet, Cambodia, providing expert witness services for litigation against a former manager alleged to have breached an operating agreement.  The analysis outlined how the revenues and expenses, and their structures, changed for the resort since the end…

New Mexico Racing Commission: Feasibility Study of a 6th Racetrack and Casino License

New Mexico Racing Commission: Feasibility Study of a 6th Racetrack and Casino License

Convergence Strategy Group was engaged by the New Mexico Racing Commission to evaluate the potential net revenues, racing industry impacts, economic impacts, and societal impacts of adding a sixth racino to the state. In all, CSG fairly evaluated the merits of bids from six different operators, each of which proposed a different building program, amenity…