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10% rise in Casino Revenues | 21st July 2012 : WorldCasinoYellowPages

10% rise in Casino Revenues

... 21 July 2012

The profit returns of the state have gone up considerably with the opening of foremost slots casino in Pennsylvania in 2006 and setting up of casinos in the whole state in the summer season of 2010. Pennsylvania Gaming Control Board informed on Tuesday that the profits from both the table game and slot machine from 11 casinos of Pennsylvania have increased 10% to an amount of $3.1 billion in the present year as compared to the past year. The profit collected from slot machines being 4.76% amounting to $1.3 billion and from table games being 30.8% amounting to $664 million in June 2012. The representative of the gaming board Doug Harbach stated that Valley Forge Casino Resort and the number of players at the already existent casinos are also incorporated in above figures.
Mount Airy Casino Resort with 72 table games recorded a rise from approx. $37.7 million during last year to $41.1 million in the present year. Mohegan Sun at Pocono Downs in Plains Township with 84 table games recorded a rise from $38.6 million during past year to $43.1 million during present year. There was the innovative ceremony of a new hotel and conference center of Mohegan Sun at 11 a.m. on Tuesday which is expected to pull more of economically sound players towards it according to President and CEO Bobby Soper. Another Project Sunrise of Mohegan Sun that added more slot machines, retail shops, bars and restaurants to its casino is also commemorating fourth year of its commencement. According to Soper, the market is expected to rise further. There was a notable rise in slots, table games and non-gaming services. Due to such a remarkable growth rate in the previous year, the opening of new hotel was made possible. Due to eye-catching look of the casinos in Pennsylvania, a considerable customer base plus expedient driving distance; Harbach is hopeful about rise in profits earned through table games. At the same time, he is concerned about the rising competition in coming years. In order to captivate customers, casinos are turning towards addition of conference centers, restaurants, hotels, amusement complexes etc. Maryland casino seems to move towards constant development while competition is being increased by New Jersey and Harbach stated that they are also looking towards new market in Ohio.

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