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Gambling in the USA

Pennsylvania Casino Revenue Decreases 1% in September

George Miller

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Pennsylvania Casino Revenue Decreases 1% in September
Photo Source: SoloAzar International
Reading Time: 2 minutes

 

Figures released and posted by the Pennsylvania Gaming Control Board on its web site, www.gamingcontrolboard.pa.gov, report table games revenue for September 2018 at $72,310,207, a decrease of 4.4% over September of last year when revenue was $75,615,712.

The Board also reported that when combining September’s table games revenue with the earlier reported increase in September’s slot machine revenue, total gaming revenue decreased by less than 1% compared to September of last year.

The report also displays tax revenue from table games play during September in which the total amount was $11,634,379* with an average of 1,281 tables in daily operation statewide.

Gross table games revenue at each of the casinos for September 2018 and September 2017 along with a similar comparison for total casino gaming revenue are in the following tables:

Casino

September
2018 Table
Games
Revenue

September
2017 Table
Games
Revenue

% Change

Sands Casino Resort Bethlehem

$18,422,996

$22,688,379

-18.80%

Parx Casino

$15,277,093

$15,054,201

1.48%

SugarHouse Casino

$10,983,899

$9,408,164

16.75%

Rivers Casino

$6,775,918

$5,742,241

18.00%

Harrah’s Philadelphia

$4,741,643

$5,171,350

-8.31%

Mount Airy Casino Resort

$4,349,514

$3,868,690

12.43%

Valley Forge Casino Resort

$3,064,676

$2,717,830

12.76%

Hollywood Casino at Penn National Race Course

$2,752,552

$2,853,499

-3.54%

Mohegan Sun Pocono

$2,723,767

$4,020,761

-32.26%

The Meadows Casino

$2,012,210

$2,465,264

-18.38%

Presque Isle Downs and Casino

$980,552

$1,167,811

-16.04%

Lady Luck Casino Nemacolin

$225,390

$457,523

-50.74%

Statewide Total

$72,310,207

$75,615,712

-4.37%

 

Casino

September
2018 Total
Gaming
Revenue

September
2017 Total
Gaming
Revenue

% Change

Parx Casino

$49,185,572

$47,447,881

3.66%

Sands Casino Resort Bethlehem

$42,633,271

$47,506,731

-10.26%

Rivers Casino

$29,771,379

$28,278,139

5.28%

SugarHouse Casino

$25,907,506

$24,055,146

7.70%

Harrah’s Philadelphia

$21,222,195

$21,561,613

-1.57%

The Meadows Casino

$19,667,925

$20,168,042

-2.48%

Hollywood Casino at Penn National Race Course

$19,569,686

$20,311,997

-3.65%

Mohegan Sun Pocono

$18,916,313

$20,766,027

-8.91%

Mount Airy Casino Resort

$17,561,628

$17,313,414

1.43%

Presque Isle Downs and Casino

$10,882,072

$11,134,097

-2.26%

Valley Forge Casino Resort

$10,451,129

$9,459,888

10.48%

Lady Luck Casino Nemacolin

$2,751,150

$3,009,703

-8.59%

Statewide Total

$268,519,825

$271,012,678

-0.92%

*Tax revenue figures reflect amounts generated prior to any adjustments by the PA Department of Revenue

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, along with oversight of new gaming initiatives created through amendments to the Race Horse Development and Gaming Act recently approved by the signing of Act 42 of 2017.

The Commonwealth’s casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ 17,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvania homeowners.

 

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

Pennsylvania Sports Betting Revenue Increases in July 2019

Niji Narayan

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Photo source: thefiscaltimes.com
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GAN plc has updated the market following the publication by the Pennsylvania Gaming Control Board (PGCB) of Internet gaming and Internet sports betting financial information for July 2019 in Pennsylvania.

Internet Gaming Win was $2.9 million in July compared to $1.4 million in June, reflecting an increase of 100.7%. Total Internet Sports Wagering Handle was approximately $39.0 million for the month of July, compared to $19.3 million in June.

Internet Sports Wagering Gross Revenues for the month of July were $2.9 million, compared to $1.4 million in June.

This information will be updated and published each month, following publication by the PGCB, in order to enable the investor community to readily monitor the growth of Internet gambling in Pennsylvania, which remains a key market for GAN.

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Gambling in the USA

MGM Springfield Reports First Year a Success

Niji Narayan

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Photo source: newsroom.mgmresorts.com
Reading Time: 2 minutes

 

Michael Mathis, president of MGM Springfield, has reported that the first year of the casino was a success. While revenues for the first year are significantly below its own predictions, Mathis said that the casino is doing fine and he is bullish about the coming year.

“I think there were a lot of naysayers that first said we would never build this; then they said people wouldn’t come because it’s Springfield. And a year later, 6 million visitors later, we’re knocking the cover off the ball on many, many facets of it,” Mathis said.

He cited examples of success as bringing in “world class” entertainment to the downtown, hiring approximately 2500 employees, and that about 40% of its workforce is from Springfield compared to its goal of 35%. In addition, the casino has not caused the traffic congestion and crime that some of the naysayers predicted, Mathis said.

For the month of July, MGM Springfield’s gross gaming revenue was $20.4 million, a 2.23% increase over gaming revenues in June. Since its opening, it has not come close to its expectations of raising $418 million in annual gross gaming revenues during its first full year of operation.

The market has some really strong competitors that have been in operation for many years, Mathis said. MGM Springfield, in luring people to the Springfield casino, has been “really successful in getting return trips.”

“It’s just a matter of when we are going to be able to get there. It’s going to take some time in a market like this. If you look at any other facility in the market, there’s always a ramp-up,” Mathis said.

The casino is making a number of changes such as adding bars including a VIP Lounge, adding new amenities, “and we will continue to get smarter about it and chip away into that number,” Mathis added.

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Gambling in the USA

Plaza Hotel & Casino to host second annual Las Vegas Pickleball Open, Sept. 24-28

Vlad Poptamas

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LAS VEGAS – With more pickleball courts than any Las Vegas hotel/casino, the Plaza Hotel & Casino is again the official hotel and title sponsor of the Las Vegas Pickleball Open, Sept. 24-28. The annual competition saw registration more than double in its second year and expects to welcome nearly 650 players in 2019.

Due in large part to the success of last year’s tournament, hundreds of amateur and professional pickleball players from across the United States and around the world, including Japan, Mexico and Canada, will participate in next month’s event. Players also span multiple generations, from 12 to 81 years of age. Many players from last year are also returning, including top pros Simone Jardim and Kyle Yates to defend their mixed doubles title.

The Las Vegas Pickleball Open offers professional players a competitive prize package of $25,000 split between grand prize, silver and bronze medalists. The Plaza will again construct special grandstand seating for championship matches that will be streamed live on the event website.

“Pickleball continues to grow in popularity for players young and old,” said Jonathan Jossel, CEO of the Plaza Hotel & Casino. “Since we debuted the permanent pickleball courts on the rooftop pool and recreation deck in 2016, the Plaza has built a unique reputation as a premier pickleball destination. Now, we are welcoming hundreds of players from around the globe for this unparalleled tournament that offers players everything: top-notch competition as well as delicious dining options, exciting entertainment and relaxing accommodations, all in the heart of downtown Las Vegas.”

The tournament will offer men’s, women’s, and mixed amateur doubles matches as well as men’s, women’s, mixed and senior (50-plus) professional doubles matches. Matches will be played from 8 a.m. to 10 p.m. daily, with the scheduling of the championship matches to be announced. Spectators can attend any of the matches, including the semi-finals and championships, for free.

Players can register for the tournament online at www.lasvegaspickleballopen.com. Participants can also book hotel rooms at the Plaza at a special tournament rate, starting at $40 per night on the event site or at https://www.plazahotelcasino.com/entertainment/pickleball-open/.

A cross between tennis, badminton and ping pong, pickleball is the fastest growing racquet sport in the U.S., boasting more than three million players – a number that has been growing by more than 10 percent each year over the past decade.

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