Assumptions and Methodology Casino City’s North American Gaming Almanac 885 Appendix A: Assumptions and Methodology Introduction This Appendix summarizes the economic assumptions and the underlying methodology used to calculate the financial information presented in Casino City’s North American Gaming Almanac. Our philosophy in the body of this almanac is to fully disclose the underlying financial data and sources within each jurisdiction. This Appendix extends this philosophy by clearly presenting the techniques we have used to manipulate the raw data to present financial summary information. Six major topic areas are covered in this Appendix. They include currency conversion, inflation adjustment, revenue estimates based on industry averages, Indian gaming revenue, calendar year revenue calculations, and missing data estimates. Currency Conversion Financial data for Canadian provinces and territories is reported in the native currency of Canadian dollars and also in United States dollars. The United States dollar figures are used for comparative purposes, and to allow aggregate totals to be computed that include both the United States and Canada. The raw currency conversion rate data used in the preparation of this almanac was provided by Open Exchange Rates and is available on their website at www.openexchangerates.org. Canadian financial data for a particular time period is converted to United States dollars using the arithmetic mean, or average, of the daily exchange rates during the time period. For example, the daily exchange rates for December 2021 are as follows: 1 December 2021 0.7805 2 December 2021 0.7801 3 December 2021 0.7783 4 December 2021 0.7783 5 December 2021 0.7782 6 December 2021 0.7835 7 December 2021 0.7907 8 December 2021 0.7904 9 December 2021 0.7870 10 December 2021 0.7858 11 December 2021 0.7858 12 December 2021 0.7861 13 December 2021 0.7807 14 December 2021 0.7772 15 December 2021 0.7790 16 December 2021 0.7824 17 December 2021 0.7755 18 December 2021 0.7755 19 December 2021 0.7752 20 December 2021 0.7730 21 December 2021 0.7738 22 December 2021 0.7781 23 December 2021 0.7960 24 December 2021 0.7805 25 December 2021 0.7808 26 December 2021 0.7803 27 December 2021 0.7820 28 December 2021 0.7803 29 December 2021 0.7823 30 December 2021 0.7846 31 December 2021 0.7911 Using this raw exchange rate data, a monthly average exchange rate of 0.781242 is calculated for December 2021. Thus, revenue of CAD 10,000.00 in December 2021 is considered equivalent to USD 7,812.42 that month. The following table summarizes the monthly average exchange rate between Canadian and United States dollars for January 2002 through December 2021. January 2002 0.624594 January 2003 0.648588 February 2002 0.627036 February 2003 0.660401 March 2002 0.629847 March 2003 0.677288 April 2002 0.632587 April 2003 0.685621 May 2002 0.645144 May 2003 0.722278 June 2002 0.653444 June 2003 0.739401 July 2002 0.647634 July 2003 0.725353 August 2002 0.637674 August 2003 0.716033 September 2002 0.635412 September 2003 0.733261 October 2002 0.633571 October 2003 0.755816 November 2002 0.636607 November 2003 0.762519 December 2002 0.641397 December 2003 0.761295 January 2004 0.771416 January 2005 0.817178 February 2004 0.751694 February 2005 0.806997 March 2004 0.752566 March 2005 0.822385 April 2004 0.746982 April 2005 0.809623 May 2004 0.726267 May 2005 0.796560 June 2004 0.736315 June 2005 0.805893 July 2004 0.756489 July 2005 0.817117 August 2004 0.761498 August 2005 0.829647 September 2004 0.775491 September 2005 0.848507 October 2004 0.801740 October 2005 0.849555 November 2004 0.836831 November 2005 0.845897 December 2004 0.820588 December 2005 0.860740 January 2006 0.863416 January 2007 0.851058 February 2006 0.870017 February 2007 0.854241 March 2006 0.864447 March 2007 0.855756 April 2006 0.873993 April 2007 0.881137 May 2006 0.900980 May 2007 0.912574 June 2006 0.897942 June 2007 0.938703 July 2006 0.887292 July 2007 0.951332 August 2006 0.893301 August 2007 0.945142 September 2006 0.896534 September 2007 0.974477 October 2006 0.886919 October 2007 1.025975 November 2006 0.880359 November 2007 1.037490 December 2006 0.867433 December 2007 0.999073 January 2008 0.990025 January 2009 0.816644 February 2008 0.999574 February 2009 0.803066 March 2008 0.998336 March 2009 0.792527 April 2008 0.986780 April 2009 0.816665 May 2008 1.000095 May 2009 0.869609 June 2008 0.984180 June 2009 0.887984 July 2008 0.986885 July 2009 0.889568 August 2008 0.949754 August 2009 0.920183
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