Gambling in the USA

Resorts World Catskills report dismal revenues

Published

6 years ago

July 17, 2018

Resorts World Catskills report dismal revenues

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The Resorts World Catskills, a New York-based casino, has posted disappointing revenue since its re-opening on March 1. It has even failed to post half of its projected revenue.

The average monthly gross gaming revenue (GGR) generated is US$11.9 million.

“The results are indicative of a challenging marketplace,” Empire Resorts CEO Ryan Eller said and added: “There’s a huge market out there, and we’re developing better ways to go after it.” He remains confident that the casino will end up thriving and hopes to get – at least – to US$150 million for the year.

Despite the disappointing figures, Mr Eller says it is still early to judge the venue. He believes the “brutal” winter the east coast went through affected the venue’s performance, which also opened without all its hotel rooms, gaming, and other attractions. According to the company’s CEO, the casino needs time to get a promotional campaign to play out and get things going for business.

Source: focusgn.com

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.