In operation for just a short period of time, the Rivers Casino of New York has already earned more than $27 million in gross gaming revenues.
It takes a great deal of time and effort, along with a massive investment to create a new gaming venue in the United States. The state of New York is just now getting into the gambling industry with casinos having just opened as well as still in the works. The Rivers Casino of Schenectady was a big project, with a cost of $330 million to create, and it recently opened earlier this month. Operators were hoping the gaming venue would be a success and the casino has passed muster with flying colors.
During the first week of operation, the casino was able to see a profit of $3 million after the venue generated just over $27 million in Gross Gaming Revenues. The New York State Gaming Commission revealed the number totals for the gaming venue with information provided on slot revenues as well as table games. The slot machines of the casino earned $23.1 million while the table games earned just over $4 million. The casino has 15 poker tables which brought in $111,000 in revenues.
A spokesperson for the casino stated that the first days of operation were extremely successful for the Rivers Casino and the gaming venue is pleased with the feedback they have received from guests as well as the community’s enthusiasm. The team members of the casino are dedicated to the facility and will continue to make improvements to the daily operations and overall guest experience in the opening days as well as being driven by the excitement of guests as they visit the facility.
The gaming floor of the casino is 50,000 square feet in size and has just over 1100 slot machines. 67 gaming tables are located on the casino floor with hotel accommodations that include 165 guest rooms. A banquet facility is located on site for special events. The casino already has more than 1,000 employees and plans on hiring 50 more individuals as the spa and hotel opens in the near future.
An Economic Asset
Andrew Cuomo, the governor of New York, commented on the Rivers Casino by stating the new resort and casino is vital to the economy of the Capital Region as it has generated jobs as well as opportunity, helping to continue the resurgence of Schenectady and moving the region forward. Cuomo stated that by supporting destination resorts across the upstate region, the state is showing off the best they have to offer while at the same time attracting new visitors and bosting tourism, plus supporting and strengthening local communities.
The Rivers Casino was constructed and ready for business rather quickly. The casino opened just over a year from the time frame that the licensing was approved and ended up opening just a few days after the ceremonial groundbreaking anniversary. Rush Street Gaming was in charge of the development and this was the fourth casino the company had worked on from the ground up.
It has been estimated by Rush Street that the casino will attracted close to 3 million visitors each year. The state will end up with four commercial casinos once the Montreign development is complete, including the Rivers, Tioga Downs and the del Lago. The four developments are expected to provide $325 million in gaming tax to the state. The del Lago Resort and Casino as well as the Tioga Downs Casino have done well since opening.