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August 27, 2010

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Table games revenue strong, during first month

HARRISBURG, PA - The Pennsylvania Gaming Control Board today released on its web site revenue figures for the first month of table games play at the nine operating casinos.

The report for July 2010, available on the Board’s web site at www.pgcb.state.pa.us, represents just a partial month of revenue since implementation of table games did not occur until the middle and latter parts of the month of July.

The report on the web site reflects total gross revenue figures for each of the casinos and includes a breakdown for non-banking, banking, and electronic tables. The figures in the report and below also include revenue and taxes generated during each casino’s PGCB-monitored test period held two days prior to the official opening day for table games:

Casino/ Non-Test Days (Total Days)

Tables

Gross Revenue

State Tax*

Local Tax#

Rivers Casino
 7/8 – 7/31 (24 days)

85

$3,052,531

$427,354

$61,051

Parx Casino
 7/18 – 7/31 (14 days)

57

$2,328,599

$326,004

$46,572

Mount Airy Casino Resort
 7/13 – 7/31 (19 days)

72

$2,028,827

$284,036

$40,577

Harrah's Chester Casino and Racetrack
 7/18 – 7/31 (14 days)

99

$1,972,181

$276,105

$39,444

The Meadows Racetrack and Casino
 7/8 – 7/31 (24 days)

62

$1,911,064

$267,549

$38,221

Hollywood Casino at Penn National Racecourse
 7/13 – 7/31 (19 days)

50

$1,830,558

$256,278

$36,611

Sands Casino Resort Bethlehem
 7/18 – 7/31 (14 days)

89

$1,655,357

$231,750

$33,107

Presque Isle Downs and Casino
 7/8 – 7/31 (24 days)

48

$1,499,569

$209,940

$29,991

Mohegan Sun at Pocono Downs
 7/13 – 7/31 (19 days)

62

$1,260,653

$176,491

$25,213

Statewide Total

624

$17,539,339

$2,455,508

$350,787

                * 14% of gross revenue
                # 2% of gross revenue

PGCB Executive Director Kevin O’Toole says the implementation of table games occurred on a schedule that allowed only a partial month of play and their first set of figures represent less than two-thirds of a full gaming month.

“We had a very aggressive and successful roll-out of table games in July that enabled the nine casinos to begin offering table games to patrons within a 10 day period,” says PGCB Executive Director Kevin O’Toole. “While the implementation of table games created a significant patron traffic increase in July, it is too early to draw any conclusions on these numbers or the effect of table games on slot machine gaming.”


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