Pennsylvania Casinos See Nice Uptick in Revenues for April
Casinos in Pennsylvania continue to do well in April with $285m earned.
The casino industry of the United States seems to be doing well in 2017. Several states have reported an increase in gaming revenues over the past few months with the bigger markets like Nevada, New Jersey and Pennsylvania seeing the most action. As far as Pennsylvania is concerned, the 12 gaming venues of the state continue to do well with April showing an increase in revenues earned, with $285 million overall brought in for the month.
Up after a Decline
The casino industry of the state had actually seen a decline in slot revenues for the past few months and April was no exception. The slot revenues earned for the month actually came in at $205.7 million which is a 1.6% loss when comparing April of this year to the same month last year. However, the table games performance was quite impressive and an improvement of just over 10% was seen with $79.54 million earned.
Because of the table game performance, the state was able to see an increase in overall gambling revenues by 1.4% with a total of $285.24 million earned. The Pennsylvania Gaming Control Board just released these numbers showing the increase for the state’s gaming industry and the quality performance of table games.
When looking at the individual totals for gambling revenues at each of the 12 casinos of the state, the Parx Casino & Racing venue came in with the highest revenues with an almost 1% increase with $49 million for the month. Table games for the venue were up just over 6% with $14.46 million earned.
The Sands Casino Resort Bethlehem came in second for the month, earning $48.29 million which is a 10% increase for the venue for April. Table games at the venue were also up, with $21.91 million earned, an increase of almost 24%!
Positive gains continued with the Mount Airy Casino Resort earning $17.61 million, an 11% increase and the Valley Forge Casino Resort earning $10.75 million for the month, an almost 11% increase as well. The Meadows Racetrack & Casino was also up for the month, earning $23.7 million, an increase of just over 7%.
On the negative side, some of the gaming venues saw a decrease in revenues. the SugarHouse Casino was down just 0.49% to $26.17 million for the month while the Presque Isle Downs was down a bit more with a 3.56% decrease in earnings with their $11.04 million for the month.
Harrah’s Philadelphia Casino also saw a decrease in revenues with their $23.23 million in earnings, which was just over 4% less than what was earned in April 2016. Larger drops were seen by the Mohegan Sun Pocono and the Lady Luck Casino Nemacolin. Both were down just over 7% for April.
On top of the losses, two venues also faced fines due to violations of state gaming regulations. The Lady Luck Casino Nemacolin was given a $10,000 penalty for violation of table game operations which hurts considering the loss the casino saw for the month. IGT Global Solutions Corporation is a provider of tech to the gaming venues of the state who was hit with a fine as well, this one more than the Lady Luck’s at $12,500. IGT was fined due to allowing an unlicensed employee to be a chairman of the board for more than three months.
Overall, the gaming industry for Pennsylvania is doing well, which is good considering how legislators are considering making changes that could have a positive or negative impact on the industry. Legislators are currently considering expansions and changes to the industry that could include online gaming, VGTs and airport table gaming, among other ideas, to bring in additional revenues to the state.