Pennsylvania Casinos Up 8.6% to $268M in February

Pennsylvania’s casino industry enjoyed a particularly impressive February, with revenues increasing by 8.6% to $268.35 million versus the same month in 2015. Pennsylvania’s results were helped by this year’s February being a 29 day month, although even without the extra leap day revenue would still have been higher by almost 5%.
From the state’s overall gaming results, table game revenues rose by 6.7% to $68.18m from $63.91m a year earlier, while slots revenue were up 9.3% to $200.16m compared to the $183.2m collected last February. Commenting on last month’s slots revenues, Pennsylvania Gaming Control Board spokesman, Richard McGarvey, explained:
“Every facility went up and that doesn’t happen very often. They had the extra day, but it was a big month even without that.”
Double Digit Growth
In February, ten of the state’s twelve casinos reported an increase in their year-over-year revenues. Leading the market in terms of growth was Presque Isle Downs, which saw its revenues soar nearly 18% to $10.8m, followed by Mount Airy Casino up 16.9% to $15.12m, and Sands Bethlehem up 14.09% to $42.6m. Also posting double-digit growth was Meadows Casino up 13.08% to $21.42m, Parx Casino up 12.08% to $46.3m, Mohegan Sun up 11.06% to $22.25m, and Valley Forge up 10.72% to $9.6m.
Other Winners
Also posting revenues increases in February was SugarHouse Casino up 9.09% to $25.07m, Lady Luck Casino Nemacolin up 6.75% to $2.71m, and Hollywood Casino at Penn National up 0.77% to $20.5m.
Losers
Just two of Pennsylvania’s casinos saw their business decrease in February, with Rivers Casino reporting a slight 0.62% contraction in revenues to $28.58m, and Harrah’s Philadelphia lower by 2.98% to $23.36m.
On Track For A Record Year
Although just three months into 2016, Pennsylvania’s casino market is already 5.8% higher at $524.26m compared to the same period of time in 2015. At this current pace, the state would generate $3.357 billion in revenues by the end of the year, which would mark its biggest ever tally to date.


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