Attached files
| file | filename |
|---|---|
| EX-99.4 - EXHIBIT 99.4 - TRANS WORLD CORP | a50895891ex99_4.htm |
| EX-99.2 - EXHIBIT 99.2 - TRANS WORLD CORP | a50895891ex99_2.htm |
| 8-K - TRANS WORLD CORPORATION 8-K - TRANS WORLD CORP | a50895891.htm |
| EX-99.1 - EXHIBIT 99.1 - TRANS WORLD CORP | a50895891ex99_1.htm |
Exhibit 99.3
Trans World Corporation
Slot Business Overview
(2004‐2013)
Slot Revenues Summary:
As disclosed in our latest 10‐K filing, 2013 consolidated slot revenues grew by 5.3% YOY, supported by a 19.8% slot attendance improvement. Slot revenues in 2013 represented 54.0% of total revenue, a 2.0 ppts YOY increase.
Below are highlights of the growth and significance of slot revenue in TWC’s gaming business:
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TWC currently has 350 leased slot machines, of which 277 are from Novomatic, 69 are from APEX and four are from Aristocrat.
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Number of slot machines has progressively increased from 108 units in 2004 to 350 units in 2013.
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Slot revenue grew from 18.7% of total revenue in 2004 to 57.2% of total revenue in 2014.
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Bets range from a minimum of €0.10 up to a maximum of €25.00.
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Majority of TWC's slot machines have multi‐game capabilities.
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As of 2014, all slot machines in each casino are fully linked to a progressive jackpot outcome.
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Jackpot payouts per machine range from €200 to €15,000; TWC has paid progressive jackpots above €100,000.
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Compound annual growth rate (CAGR) for slot attendance was 16% for the last 10 years (2004‐2013).
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CAGR for daily slot revenue per average machine was 9% for the last 10 years.
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CAGR for annual slot revenue was 23% for the last 10 years.
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| Slot Expenses: | |
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Since 2012, gaming taxes on slot revenue comprise of a flat 20.0% gaming tax (20% of this tax receipt go to the federal government; 80% to the local municipality) and a daily tax per machine of 55‐Koruna (paid fully to the federal government), or approximately $3.00.
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Annual equipment lease expense for slot machines was $1,119,000 and $993,000 for 2013 and 2012, respectively.
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