Missouri Code of State Regulations › Title 11 - DEPARTMENT OF PUBLIC SAFETY › Division 45 - Missouri Gaming Commission › Chapter 51 - Class A Licenses-Race Track Owner › Section 11 CSR 45-51.100 - Disclosure of Financial Plan

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: The purpose of this rule is to set forth the
				  requirements for disclosure of financial plan for Class A
				  licenses.
(1) The applicant
				for a Class A license must disclose its financial projections for the
				development period and for the conducting of the race meets.
(2) Separate schedules based on the number of
				racing days and the types of pari-mutuel wagering must be included.
(3) The disclosure must include:
(A) A projection of the type and length of
				race meeting anticipated;
(B) The
				applicant's requirements for breaking even, including the optimum number of
				racing days, for each meet anticipated and the anticipated type of
				betting;
(C) The following
				assumptions and the support for them for the first five (5) years of racing
				(Provide assumptions and support for both live on-track racing and simulcast
				racing.):
1. Average daily handle;
2. Average daily attendance; and
3. Per capita wager;
(D) Provide financial projections regarding
				the operation at the end of the development period and each of the first five
				(5) years of racing setting forth the following elements, including assumptions
				and support for them. (Provide separate schedules for live on-track racing and
				simulcast racing and a combined schedule of both.):
1. Revenues-
A. Retainage;
B. Breakage;
C. Outstanding tickets;
D. Admission;
E. Parking;
F. Program sales;
G. Concession (food and beverage);
H. Interest; and
I. Other (specify);
2. Racing expenses-
A. Purses;
B. Breeders awards;
C. Breakage;
D. Outstanding tickets;
E. Pari-mutuel tax; and
3. Operation expenses-
A. Marketing;
B. Legal;
C. Audit;
D. Insurance (property);
E. Insurance (liability);
F. Insurance (other);
G. Repair and maintenance;
H. Printing (program);
I. Printing (other);
J. Consulting fees;
K. Membership;
L. Equipment rental;
M. Totalizer rental;
N. Travel and entertainment;
O. Utilities and telephone;
P. Operating supplies and services;
Q. Salary and wages;
R. Payroll taxes and employee
				benefits;
S. Sales tax;
T. Admission tax;
U. Property tax;
V. Waste removal;
W. Interest;
X. Drug testing;
Y. MHRC license fees; and
Z. Other (specify); and
4. Nonoperating expenses, including
				anticipated expenses for-
A. Debt
				service;
B. Facility depreciation,
				including the identification of method used; and
C. Equipment depreciation, including the
				identification of the method used;
(E) Projected cash flow including assessments
				of:
1. Income, including:
A. Equity contributions;
B. Debt contributions;
C. Interest income; and
D. Operating revenue; and
2. Disbursements, including:
A. Land;
B. Improvements;
C. Equipment;
D. Debt service;
E. Operating expense; and
F. Organizational expense; and
(F) Project balance
				sheets as of the end of the development period and for the requested race meets
				setting forth-
1. Current fixed and other
				noncurrent assets;
2. Current and
				long-term liabilities; and
3.
				Capital accounts.