Summary: The 12 casinos operating in Pennsylvania saw a nice increase in revenues for August, after a slow July.
In July, the 12 operating casinos in the state of Pennsylvania saw a decrease in revenues, which was not what the gaming venues wanted to see. Thankfully, the month of August saw a turnaround, with the facilities bringing a nice monthly gain. In total, slot machines were up as well as total gaming revenues while the table games took a small hit.
For the month of August, the slot machine totals for the 12 gaming venues came in at just over $201 million. This was an increase of 4.42%. For table games, the totals came in at just over $73 million which is a slight 1.33% drop. Total gaming revenues were up 2.82% with $275 million earned.
Last year, the state saw a huge issue with slot gaming. It seemed as though month after month the state was seeing lower slot revenue numbers. Thankfully, this year, there has been a turn around. August is just another example as to how the state has been able to bounce back via the slot games.
In late 2017, the state was brining in between $181 million and $189 million each month. This year, the numbers have been well over the $200 million mark with March being super successful, bringing in a total of more than $221 million.
For August, the slot numbers continued to surpass the $200 million mark with the seven of the casinos in the state seeing an overall increase for the month with slot and table games combined. Parx Casino held the lead in revenue increases with 8.51% while Rivers Casino was close behind at 8.16%. Valley Forge Casino, SugarHouse and Hollywood Casino at Penn National Race Course all saw increases in the 6% range.
So far this year, the casinos in the state continue to do well and should see a solid total by the end of 2018. On top of the traditional land-based casino gaming, the state is also preparing to get started with online gaming as well as satellite casinos.
In Pennsylvania, yet another round of online gambling licensing has completed. Now, there are a total 11 casinos out of the 13 potential brands that have obtained some type of online gambling licensing. Up for grabs in the state are online poker, online slots and table games. Operators can apply for one of each licenses or apply for all three.
Just recently, the Pennsylvania Gaming Control Board decided to open the licensing process up to other operators, not just those who are already licensed in Pennsylvania. Such operators just have to meet certain qualifications before they will be approved for licensing. However, so far, there have not been any operators who have applied that do not have licensing.
Two operators, the Meadows and Lady Luck are the only existing operators who have not applied for online gaming licensing in the state. So far, it has yet to be revealed if the operators will be applying in the future.
Remaining is two slot licenses, two table game licenses and three for online poker. We shall see in the coming weeks if outside entities decide to vie for the remaining licensing or if they remain unclaimed.
There has yet to be a date announced for when the online gaming operations will be live but as operators are being approved, they can then begin the process of starting up sites and working on geolocation technology.