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Gambling in the USA

PA November Table Games Revenue 1.3% Lower Than Last Year

George Miller

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PA November Table Games Revenue 1.3% Lower Than Last Year
Reading Time: 2 minutes

 

Overall casino gaming revenue, however, rises 0.3%

 

Figures released and posted today by the Pennsylvania Gaming Control Board on its web site, www.gamingcontrolboard.pa.gov, report that table games revenue for November 2018 was $71,286,756, a decrease of 1.3% over November of last year when revenue was $72,230,798.

The Board also reported that when combining November’s table games revenue with the earlier reported increase in November’s slot machine revenue, total gaming revenue increased by 0.3% compared to November of last year.

The report also displays tax revenue from table games play during November in which the total amount was $11,452,168* with an average of 1,285 tables in daily operation statewide.

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

Casino

November 2018
Table Games
Revenue

November 2017
Table Games
Revenue

% Change

Sands Casino Resort Bethlehem

$17,763,193

$20,112,687

-11.68%

Parx Casino

$15,132,349

$13,701,168

10.45%

SugarHouse Casino

$9,940,586

$10,574,515

-5.99%

Rivers Casino

$6,566,239

$5,690,081

15.40%

Harrah’s Philadelphia

$5,526,880

$4,479,198

23.39%

The Meadows Casino

$3,599,474

$3,239,834

11.10%

Mount Airy Casino Resort

$3,114,823

$3,609,738

-13.71%

Hollywood Casino at Penn National Race Course

$2,979,205

$2,750,823

8.30%

Valley Forge Casino Resort

$2,712,417

$3,303,695

-17.90%

Mohegan Sun Pocono

$2,467,812

$3,341,666

-26.15%

Presque Isle Downs and Casino

$1,255,621

$1,000,630

25.48%

Lady Luck Casino Nemacolin

$228,156

$426,761

-46.54%

Statewide Total

$71,286,756

$72,230,798

-1.31%

 

Casino

November 2018
Total Gaming
Revenue

November 2017
Total Gaming
Revenue

% Change

Parx Casino

$48,212,794

$43,905,479

9.81%

Sands Casino Resort Bethlehem

$40,318,057

$44,224,821

-8.83%

Rivers Casino

$29,216,663

$26,648,074

9.64%

SugarHouse Casino

$23,950,653

$24,801,013

-3.43%

Harrah’s Philadelphia

$20,709,679

$19,574,203

5.80%

The Meadows Casino

$19,783,114

$19,316,816

2.41%

Hollywood Casino at Penn National Race Course

$18,808,805

$18,688,358

0.64%

Mohegan Sun Pocono

$17,037,037

$19,125,650

-10.92%

Mount Airy Casino Resort

$14,341,985

$15,433,678

-7.07%

Presque Isle Downs and Casino

$9,543,996

$9,742,132

-2.03%

Valley Forge Casino Resort

$10,134,952

$9,549,963

6.13%

Lady Luck Casino Nemacolin

$2,298,198

$2,550,266

-9.88%

Statewide Total

$254,355,933

$253,560,454

0.31%

*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. To date, the PGCB regulates the play within the Commonwealth of Fantasy Sports Contests along with three casino operators offering Sports Wagering. Additional new gaming initiatives are expected to launch in the coming months.

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.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

 

Source: Pennsylvania Gaming Control Board

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

Tim Wilmott Steps Down as Chairman of AGA

Niji Narayan

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Tim Wilmott Steps Down as Chairman of AGA
Photo Source: linkedin.com
Reading Time: 1 minute

 

Tim Wilmott has retired from the American Gaming Association as its chairman. The legalisation and expansion of sports betting has been a key marker of Wilmott’s term.

He told AGA members: “Once PASPA happened everything changed,” referring to a Supreme Court ruling that overturned a ban on sports betting. Since then, 13 states so far have launched legalised sports betting operations in casinos, racetracks and on mobile devices.

Wilmott, CEO of casino company Penn National Gaming, said the industry’s relations with the government had become even more important with the advent of sports betting. A bill seeking federal sports betting control is now in the Senate.

Wilmott said that during his tenure and that of his previous chairman, the profile of AGA membership had changed and it had broadened as a result of work headed by CEO Bill Miller and his predecessor.

He was speaking to members at the conclusion of the 2019 G2E trade show that had attracted 30,000 gaming professionals to Las Vegas.

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Compliance Updates

DC Judge Refuses to Halt DC Lottery’s Controversial Deal with Intralot

Niji Narayan

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DC Judge Refuses to Halt DC Lottery’s Controversial Deal with Intralot
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DC Superior Court Judge John Campbell has refused to halt the DC Lottery’s controversial deal with tech provider Intralot.

Last month, a different DC judge issued a temporary restraining order on Intralot’s deal based on a request by DC resident Dylan Carragher, a software developer who filed a lawsuit to force DC to hold a competitive tender for the betting contract.

Judge Campbell justified his refusal to honour Carragher’s injunction request by saying he did not think Carragher’s lawsuit will succeed. Campbell added that “it clearly and unquestionably was within the Council’s authority” to waive the competitive bidding requirement. Carragher has already indicated that he will appeal Campbell’s ruling, so the action now shifts to the DC Court of Appeals.

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Gambling in the USA

GAN Reports September 2019 Internet Gambling Growth For Pennsylvania

George Miller

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GAN Reports September 2019 Internet Gambling Growth For Pennsylvania
Reading Time: 2 minutes

 

GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on October 17, 2019, by the Pennsylvania Gaming Control Board (“PGCB”) of Internet gaming and Internet sports betting financial information for the calendar month of September 2019 in Pennsylvania.

Highlights from the PGCB include:

  • Internet Gaming Win was $6.0 million in September, compared to $4.0 million in the prior sequential month, reflecting an increase of 48.2%.
  • Total Internet Sports Wagering Handle(1) was approximately $153.6 million for the month of September, compared to:

– $83.2 million for the month of August;

– $39.0 million for the month of July; and

– $19.3 million for the month of June.

  • Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of September were $13.4 million, compared to:

– $6.3 million for the month of August;

– $2.9 million for the month of July; and

– $1.4 million for the month of June.

  1. Gross amount of money accepted in wagers
  2. Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months

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

 

About GAN Plc:

GAN is a leading business-to-business (“B2B”) supplier of internet gambling software-as-a-service solutions (“SaaS”) to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming. The Company has also launched digital user acquisition & retention marketing in support of the Internet Casino (https://casino.winstar.com) provided by GAN’s Digital Marketing Agency in Tel Aviv, Israel.

GAN is listed on the London Stock Exchange (LSE: GAN).

For more information please visit www.GAN.com.

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