The Tribune Democrat, Johnstown, PA

Business

October 2, 2012

Pa. slots revenue up slightly

PHILADELPHIA — Boosted by $4.3 million from play at the state’s newest casino, Pennsylvania saw a slight increase in gross revenue from slot machines last month compared to the same period a year ago, according to state gaming board figures released Tuesday.

However, the 10 “existing” casinos that were open in both September 2011 and September 2012 showed a 2 percent decline in gross slots revenue for the period.

Overall, the 11 casinos brought in $200.5 million in gross revenue from slot machines last month, an increase of less than 1 percent over the $200.1 million from the same period a year ago, according to the Pennsylvania Gaming Control Board.

That slight rise came on the strength of the $4.3 million in gross revenue from slots at Valley Forge, which opened in March.

Excluding the revenue from Valley Forge, the 10 casinos that were open in both September 2011 and last month saw gross revenue from slots dip to $196.2 million, a decline of about 2 percent from the same period a year ago.

Presque Isle Downs Casino in Erie reported the biggest decline, an 11.6 percent drop.

Three casinos posted modest gains: Sands Casino Resort Bethlehem and The Meadows Racetrack and Casino in western Pennsylvania were both up about 3.3 percent, while Mount Airy Casino Resort in northeastern Pennsylvania reported gross revenue that was up about 1.7 percent.

 

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