Le Lézard
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Subject: STP

Pennsylvania Slot Machine Revenue Up 1% in December



HARRISBURG, Pa., Jan. 3, 2018 /PRNewswire-USNewswire/ -- Slot machine revenue at Pennsylvania casinos in December 2017 rose 1.2% over December 2016, according to a report posted today on the web site of the Pennsylvania Gaming Control Board, www.gamingcontrolboard.pa.gov.

Monthly gross revenue and percentage change for each of the casinos operating is as follows:

Casino

December 2017

December 2016

% Change

Parx Casino

$32,749,440.46

$32,491,477.87

0.79%

Sands Casino Resort Bethlehem

$24,710,351.23

$24,878,465.50

-0.68%

Rivers Casino

$23,068,919.81

$21,793,193.38

5.85%

Hollywood Casino at Penn National Race Course

$16,838,245.68

$16,751,442.79

0.52%

The Meadows Racetrack and Casino

$16,581,165.94

$17,218,203.13

-3.70%

Mohegan Sun Pocono

$16,087,167.15

$16,236,316.35

-0.92%

Harrah's Philadelphia Casino and Racetrack

$15,728,901.97

$15,888,020.02

-1.00%

SugarHouse Casino

$14,272,246.60

$14,136,034.00

0.96%

Mount Airy Casino Resort

$10,646,185.92

$9,891,824.73

7.63%

Presque Isle Downs and Casino

$7,672,063.74

$7,485,692.63

2.49%

Valley Forge Casino Resort

$7,098,272.52

$6,533,471.73

8.64%

Lady Luck Casino at Nemacolin

$2,161,417.61

$2,045,730.09

5.66%

Statewide Total

$187,614,378.63

$185,349,872.22

1.22%

The average combined number of slot machines operating daily was 25,849 in December of 2017 compared to 26,074 in December of 2016.

The Board is also reporting that slot machine revenue for calendar year 2017 was $2,336,212,902, the seventh consecutive year in which calendar year revenue has topped $2.3 billion. That amount was approximately 1% less than slot machine revenue in calendar year 2016.

Tax revenue generated from slot machine gaming in 2017 was $1,188,689,755* with a significant portion of the revenue used for property tax reduction to all Pennsylvania homeowners, strengthening the Commonwealth's horse racing industry, and funding economic development projects. 

Gross slot machine revenue produced at each casino during 2017 compared to 2016, including percentage change, is as follows.

Casino

2017

2016

% Change

Parx Casino

$388,220,901

$389,843,195

-0.42%

Sands Casino Resort Bethlehem

$302,568,558

$305,036,579

-0.81%

Rivers Casino

$269,751,527

$265,049,329

1.77%

The Meadows Racetrack and Casino

$214,289,737

$221,620,054

-3.31%

Hollywood Casino at Penn National Race Course

$209,014,353

$209,885,267

-0.41%

Mohegan Sun Pocono

$204,461,556

$216,247,247

-5.45%

Harrah's Philadelphia Casino and Racetrack

$198,193,939

$206,845,371

-4.18%

SugarHouse Casino

$177,837,718

$181,187,600

-1.85%

Mount Airy Casino Resort

$147,803,674

$141,953,231

4.12%

Presque Isle Downs and Casino

$111,164,968

$115,387,979

-3.66%

Valley Forge Casino Resort

$82,760,824

$77,801,417

6.37%

Lady Luck Casino Nemacolin

$30,145,146

$29,326,854

2.79%

Statewide Total

$2,336,212,902

$2,360,184,122

-1.02%

Final 2017 calendar year figures for all casino gaming will be available later this month when the Board receives and posts its December table games revenue report on its web site.

*annual tax revenue figures reflect amount generated prior to any adjustments by the PA Department of Revenue

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state's casino industry, along with oversight of new gaming initiatives to the Race Horse Development and Gaming Act recently approved through the signing of Act 42 of 2017.

The Commonwealth's casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ 18,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvania homeowners.

Additional information about both the PGCB's gaming regulatory efforts and Pennsylvania's gaming industry can be found at www.gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

CONTACTS: Doug Harbach or Richard McGarvey
(717) 346-8321

 

SOURCE Pennsylvania Gaming Control Board


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News published on 3 january 2018 at 11:00 and distributed by: