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Casino News:

  Table games bring more revenues

Sands Casino Resort Bethlehem recorded a remarkable revenue generation of $127.8 million during the state tracking period from July 2011 through June 2012 whereas it was just $73.1 million in respect of South Side casino during 2010-11 for the table games. Sands Casino has made a grand improvement in the monthly table games revenue also and has generated $12.67 million in June as compared to $12.1 million in March. The financial year 2010-11 witnessed a rise of thirty-one percent, i.e. $663.9 million revenue. Valley Forge Casino Resort, launched in March contributed much towards revenue generation of the state and earned $7.1 million in the gross table games revenue. Other ten casinos also improved greatly in terms of table games revenues since the last financial year. Table games were allowed by Pennsylvania in 2010 which earlier gave licenses for slot-machine casinos. Parx Casino recorded a rise of approx thirty percent whereas Sugarhouse Casino in Philadelphia also gained considerably than the previous year.
As per the report of the gaming board, the figures of gross revenue from slot machines exhibited a rise of 5.5% and eleven casinos generated gross revenue of approx $2.5 million.  An increase of 10.2%, with the revenues figures touching $3.1 million during the current year, i.e. over $2.9 million billion during the last financial year has been recorded in the combined revenues of slot machines and table games by the Pennsylvania’s casinos. Presque Isle Downs Casino in Erie and Harrah’s Philadelphia Casino & Racetrack showed decline of revenues for the slots revenue during twelve months. But table games in these two casinos recorded a considerable increase of revenue generation. Harrah’s earned $80.5 million, with an increase of 13.5% whereas Presque Isle recorded $21.5 million, i.e. an increase of seven percent for the table games. The casino revenues are utilized by the state for welfare activities that include volunteer firefighting squads, civic development projects, local governments, horse racing industry, public schools and state budget.


   2012-07-21






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