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Since joining The Innovation Group in 1997, Thomas Zitt, Ph.D., has developed a level of expertise in high-level strategic planning and market feasibility analysis that has earned his reports a reputation for accuracy and perceptiveness throughout the gaming, leisure and hospitality industries. Tom provides a depth of analysis that provides developers and government bodies with the peace of mind of knowing their decisions are being made on sound economic foundations.
Tom recently conducted the statewide market study used by Pennsylvania legislators to assist in structuring history-making racino legislation. Consulting for Senator Vincent Fumo's office and the Democratic Appropriations Committee, he provided an assessment of gaming revenue potential under a number of defined and open-market scenarios, with the goal of maximizing state tax revenues within politically defined parameters.
In addition to his work in Pennsylvania, Tom has also completed statewide market assessments for several other states. In California, he completed a market assessment by region for Deutsche Bank. The study included an analysis of a statewide telephone survey, an overview of existing and potential California casino development, a five-year market projection by region, and an assessment of the impact on Nevada gaming revenues.
Tom has also performed market feasibility studies for commercial developments throughout the United States-including in the states of Nebraska, Louisiana, Mississippi, Wisconsin, Washington, Oklahoma, Oregon, New Mexico, Texas, South Carolina, South Dakota and Missouri. In addition, he has done studies in international markets, including the United Kingdom, Buenos Aires, Manila, Morocco, the Middle East, and South Africa. He has also completed a number of analyst reports published by such investment firms as Bear Stearns and CIBC World Markets, including region-by-region analysis of California in the Bear Stearns North American Gaming Almanac.
Tom received his doctorate in American Culture Studies from Bowling Green University. He also holds an M.A. in American Studies from the University of Wyoming and a B.S.Ed. in English from Ohio University. Before joining the Innovation Group, Thomas Zitt worked overseas for five years as a lecturer for the University of Maryland, which has contracts with the U.S. military and foreign universities. He has worked in Micronesia, Siberia, China, Sicily, Germany, Italy, and Korea. Tom is a member of the National Trust for Historic Preservation and serves on the Economic Development Committee for the Old Algiers Main Street Program. | 