Pennsylvania Gaming Control Board reported, on Monday that combined revenues from table games in March for all twelve casinos in the state broke previous records and also saw a healthy year over year gain.
In a news release, the Pennsylvania Gaming Control Board confirmed that the twelve casinos in the state have generated total income of $77,914,245 in the duration of the month of March 2016; just for table games that include blackjack, roulette and craps. This is the highest income the casinos have seen since their introduction in 2010.The total for last month surpasses the previous record of $72,223,959, set in December 2015 by $5.7 million and saw a 11.7% year-over-year increase compared to March 2015, when the casinos raked in $69,770,440 for table games.
Bethlehem is taking the lead
Sands Casino Resort Bethlehem located in Bethlehem, Pennsylvania, which was awarded their slots license in December 2006 and granted a table games license in the winter of 2009-2010, collected the highest amount amongst the twelve casinos in the state, for table games; with revenues of $19,676,814 for table games in the month of March 2016, they saw a 14.78% year-over year increase compared to the revenues of $17,143,362 that were reported for March 2015. Sands also had the second highest overall revenues for the month, a reported total collection of $ 46,918,830, a 8.25% year-over-year increase compared to the figures from March 2015, $43,344,923.
Parx Casino and Racing, the largest casino gaming complex in Pennsylvania generated the second largest amount for table games, with an income of $15,377,130 in March 2016, they saw the largest year-over-year gain of 27.60%, when compared to March 2015, when they reported total revenues of $12,051,175. Parx Casino also reported the largest overall revenues for the month of March 2016, a sum of $49,994,112, which is an 11.89% year-over-year increase from the $44,682,526 reported in March 2015.
Nemacolin Woodlands Resort (Lady Luck Nemacolin Casino) located in Farmington, Fayette County, Pennsylvania generated revenues of $383,398 for table games, a 30.87% year-over-year loss from the $554,620 that was recorded in March 2015. This was the largest reported decline in table games revenues amongst the twelve Pennsylvania casinos. They also generated a sum of $3,037,311 in total revenues for the month of March, which is still a 0.37% year-over-year decline compared to $3,048,461 that was reported for total income for the casino in March 2015.
Hollywood Casino at Penn National Race Course located in Grantville, Pennsylvania historically opened to the public on August 30, 1972 but only added their casino services on February 12, 2008. Their table game revenues for March 2016 were $2,898,831, an 11.96% reduction from $3,292,798 generated in March 2015. They reported total earnings at $22,014,374 for March 2016 compared to $22,591,559 that was recorded for the month of March a year ago; the casino also saw a loss for year-over-year total income of 2.55%, the greatest dip amongst the twelve casinos in the state.
SugarHouse Casino, located in Philadelphia, Pennsylvania's Fishtown neighbourhood, was awarded their gaming license on December 20, 2006 along with four other stand alone casinos. They collected $9,990,171 for table games; a 10.63% year-over-year increase compared to March 2015, when they raked in $9,029,916. SugarHouse also generated an impressive sum of $26,519,098 in overall revenues for the month of March 2016, a 4.15% year-over-year gain compared to the $25,461,527 collected in March 2015.
Harrah's Philadelphia Casino & Racetrack is located in Chester, Pennsylvania waterfront. Their first harness racing season opened on September 10, 2006, while they received their slots license few days later, on September 27, 2006. The casino generated $6,949,071 in table game revenues in the month of March 2016, a 20.37% year-over-year increase compared to March 2015, when they raked in $5,773,277. They also collected overall sum of $26,129,301 in March 2016, a 2.04% year-over-year increase from $25,606,034 collected in March 2015.
The Rivers Casino, which was previously known as the Majestic Star Casino is located in Pittsburgh, Pennsylvania. Construction on the casino began in December 2007 and the casino opened to the public on August 9, 2009. The River casino generated $6,695,386 in table game revenues in March 2016, a 11.85% year-over-year increase compared to March 2015, when they collected $5,985,999. They also generated a total sum of $30,241,006 in the month of March 2016, which shows a slight year-over-year decline of 0.72% compared to figures of $30,460,711 from March 2016.
Mohegan Sun Pocono is located in Wilkes-Barre, Pennsylvania. Mohegan Sun acquired the casino on January 25, 2005 and they began operation in November 2006 as the first slots casino in the state. The Mohegan Sun Pocono made $4,197,409 in table games revenues, a 16.15% loss compared to $5,005,960 that was generated in March 2015. They, however, made a small year over year gain of 0.78% in March 2016, when they reported total earnings of $23,529,527 compared to $23,346,717 collected in March 2015.
The Mount Airy Casino Resort, located in Mount Pocono, Pennsylvania, is one of two AAA 4 Diamond Casino Resorts in the state. They generated $4,103,749 in table game revenues, a 0.29% year-over-year increase from the $4,091,795 reported in March 2015. They also reported total revenues for the month at $16,285,829, a 1.81% year-over-year increase from $15,996,923, collected in March 2015.
Valley Forge Casino Resort, which is located just outside the city boundaries of Philadelphia, became the 11th casino to operate in the state of Pennsylvania on March 31, 2012. They generated table game revenues of $3,196,698, a 26.89% year-over-year increase from $2,519,200 generated in March 2015. They also reported total revenues of $10.031,452 for the month of March 2016, a 6.33% year-over-year increase from March 2015, when they reported total revenues of $9,434,2136.
The Meadows Racetrack and Casino located in Washington County, Pennsylvania was originally built in 1963 and sold to Gaming and Leisure Properties Inc. (GLPI) in May 2014. They generated $3,131,813 in table game revenues, a 7.86% year-over-year increase compared to $2,903,530, which was collected in March 2015. They also reported total revenues of $22,949,317, a 5.74% year-over-year gain from March 2015, when total earnings were recorded at a sum of $21,703,239.
Finally, Presque Isle Downs and Casino is located near Erie, Pennsylvania, construction on the property began in October 2005 and it finally opened to patrons on February 28, 2007 after a difficult rebuilding venture. The casino generated $1,313,776 in table games revenues, a 7.40% year-over-year loss from March 2015, when the table game revenues were reported at $1,418,808. The total revenues reported for the casino in the month of March 2016 was $11,517,348, a 2.44% decline compared to March 2015, when total revenues were reported at $11,806,003
Taxes for table games is payable at 14% of gross income from those wagers; total tax of $11,052,726 was collected for table games March 2016 by the Pennsylvania authorities. It has been reported that an average of 1,178 tables are in operation state-wide on a daily basis.
Looking at the details for each of the individual casinos, we can infer that total gaming revenues have also seen an increase in March 2016; total revenues generated last month was $289,167,505, a 4.21% year-over-year increase from March 2015.