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Pennsylvania Casinos Up 1.4% to $285M in April

May 19th, 2017 Author:

Pennsylvania Casinos Up 1.4% to $285M in AprilPennsylvania’s casino industry has now suffered seven straight months of slot revenue declines since first contracting in October 2016, with April’s results coming in at $205.7 million, down by 1.6% compared to the same month last year. However, the state’s overall decline was buoyed once more by an impressive performance by its table games, which posted a 10.2% improvement to $79.54 million.

As a result, the Keystone State’s 12 land-based casinos generated overall gambling revenues of $285.24 million in April, lower by just 1.4% year-on-year, according to the latest results released by the Pennsylvania Gaming Control Board.

Leading Pennsylvania’s gambling venues last month was the Parx Casino And Racing complex with gross gaming revenues higher by 0.97% at $49 million, helped by a 6.4% rise in its table game business to $14.46 million. Not far behind was the Sands Casino Resort Bethlehem up 10% to $48.29 million, with table games once more providing a boost, this time by 23.75% to $21.91 million. Other casinos also returning positive growth in April included Mount Airy Casino Resort up 11% to $17.61 million; the Valley Forge Casino Resort higher by 10.92% at $10.75 million; and the Meadows Racetrack And Casino up 7.29% to $23.7 million.

On the flip side, seven of the state’s twelve casinos saw their gross gaming revenues contract in April, including the SugarHouse Casino down by 0.49% to $26.17 million; the Presque Isle Downs And Casino lower by 3.56% to $11.04 million; the Harrah’s Philadelphia Casino And Racetrack down 4.07% to $23.23 million; the Mohegan Sun Pocono down 7.59% to $21.68 million; the Lady Luck Casino Nemacolin lower by 7.86% to $2.86 million; and the Hollywood Casino slightly lower by 0.08% to $22 million, year-on-year.

In other related news, two of Pennsylvania’s casinos received fines totalling $22,500 recently, with the Lady Luck Casino Nemacolin receiving a $10,000 penalty for a violation that took place at its table games. The other fine was handed to IGT Global Solutions Corporation, with the manufacturing licensee penalized $12,500 for allowing an unlicensed employee to serve as chairman on its board over a 90 day period.

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