Pennsylvania casinos' slots revenue still dropping
Rivers Casino avoided declining slots revenue in April, but casinos statewide continued a losing streak, according to figures released this week by the state Gaming Control Board.
The North Shore casino posted slots revenue growth of 0.2 percent for April, topping $24.4 million. Slots revenue at Sands Casino Resort Bethlehem increased 0.64 percent from a year ago. Valley Forge Casino Resort outside King of Prussia had its slots revenue spike nearly 34 percent to $5.4 million, up from $4 million played in April 2012 — its first full month in business.
Overall, the state's 11 casinos collected $205.2 million in slots revenue in April, down 4 percent or about $9 million from a year earlier. It was the fifth consecutive month in which gross slots revenue decreased.
The state's six racetrack casinos endured an even sharper decline than the five stand-alone casinos: Slots revenue decreased 7.4 percent.
Presque Isle Downs Casino in Erie continued the slide triggered with last year's opening of a Cleveland casino, with April slots revenue down 16.3 percent — the most in the state — to $11.8 million. Slots revenue at The Meadows Racetrack & Casino in Washington County experienced the second-largest decline of nearly 10 percent last month, to $20.1 million, state gambling figures showed.
“Comparing one month of figures does not provide an overall accurate assessment,” said Sean Sullivan, general manager and vice president of The Meadows.
Sullivan said he expects customers are pleased the figures indicate they won $2 million more last month compared with the same time last year.
“Slots revenues at Pennsylvania's racetrack casinos have now fallen for nine of the last 10 months,” said Pete Peterson, spokesperson for the Pennsylvania Equine Coalition. “It is becoming increasingly clear that this is not an anomaly, but a trend that will continue due to the increasing competition from casino gaming in other states.”
The drop in slots revenue meant $1.77 million less in April compared with a year ago for the state's Race Horse Development Fund, which supports horse racing and breeding.
The fund has received $14.3 million less this year than it did last year, Peterson said.
Pennsylvania opened its first casino in 2006 and now is the country's second-largest gambling market behind Las Vegas.
Table-game revenue has set records, including $67.5 million in gross revenue in March — a 9 percent increase over the previous record. April table-game figures are not yet available.
Jason Cato is a staff writer for Trib Total Media. He can be reached at 412-320-7936 or email@example.com.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Agent: Polamalu undecided whether to play in 2015
- Overnight snowfall plagues public transportation, schools, commuters
- Penguins forwards struggle in loss to Avalanche
- Starkey: In defense of Mel Kiper Jr.
- Ice jam wipes out McKeesport’s marina
- Springdale Twp. police car crashes into veterinary clinic
- 14 more arrested in connection with drug trafficking ring
- Police: Suspect in 1970 cold case homicide of 17-year-old dies days before charges filed
- Dermatologist led UPMC residency program
- 11 Ligonier Township residents rescued by boat from floodwaters
- Crosby, Malkin chase scoring title amid defense-minded league