Pennsylvania Casino Revenue Hits $3.1bn In 2012

Pennsylvania Casino Revenue Hits $3.1bn In 2012Pennsylvania has released its casino results for the fiscal year 2012-13, showing the state’s revenue remained largely flat at $3.1 billion compared to the previous year. Breaking the figures down further, slots revenue fell by around 2% to $2.4 billion, while table games revenue was up by 7.4% to $713 million from $663.8 million the year before.
The 2% decline in slot machine revenue represents the first time that Pennsylvania has experienced a decrease in revenues since it opened its first casino back in 2006. Being blamed for the worrying figure are various factors including a sluggish US economy, but of particularly relevance, however, is the increased level of competition coming from casinos in neighboring states, such as Maryland, Ohio and New York.
In terms of the 7.4% increase in table games revenue, seven out of the state’s 11 casinos actually reported declines, including the Hollywood Casino down $1 million to $37.8 million, and the Presque Isle Downs and Casino down $21.5 million to $14.9 million from the year before. However, impressive growth at the Sands Casino Resort Bethlehem and the Valley Forge Casino Resort helped to raise the overall figure during the 2012-13 fiscal year, with Sands recording a 29% improvement in gross table revenues to $165.3 million, and the Valley Forge Casino up by 77%.
Commenting on the latest annual results, Richard McGarvey from the state Gaming Control Board expressed Pennsylvania’s determination to weather the challenging situation faced by its casino industry, explaining:
“Gaming Revenue continues to be strong, bringing in over $1.4 billion in tax revenue for the second consecutive year. With many challenges presented during the past year, including increased competition and a weak economy, the casino operators in Pennsylvania continue to work hard to maintain their existing customers and to attract new customers.”

Poker News
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
Japan Introduces Responsible Gambling Bill
28 May 2018
Japan’s bicameral legislature, known as The National Diet, consists of an upper House of Councillors and a lower House of Representatives, with the latter having started discussing the Integrated Resorts Implementation Bill last week. Being debated is the regulatory framework required in order to set up an efficient and well functioning casino market in the
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this