Pennsylvania Casino Revenue Up Dramatically In August

It was a good news, bad news, situation for Pennsylvania casino revenue for the month of August. Revenue was up from the previous year by tqwenty percent, but that increase was largely caused by the addition of two new casinos.

Revenue figures released by the Pennsylvania Gaming Control Board indicated that in August, casinos won $186.9 million. That figure was up from the $156.1 million that the casinos won in August of 2009.

That was the good news for the city. The bad news was that of the seven casinos that existed in August of 2008, five of them experienced a revenue decline. Chester Casino and Racetrack had a revenue slip of 10.8 percent, while Philadelphia Park Casino and Racetrack's revenue dropped four percent.

"Pennsylvania will see similar figures over the next few months because of the new casino in Pittsburgh,' said observer Harvey Frittle, "But after they have a full year with the new casinos running, the numbers will fall more in line with the rest of the country."

Some areas in the country are seeing their revenue drop in record numbers. Atlantic City and Las Vegas have never had revenue declines like they have experienced over the past year. Las Vegas is hoping their figures will improve with the addition of MGM Mirage's CityCenter project.

Rivers Casino had a decent first month of operation in Pittsburgh. The casino had revenue of $16.2 million. The Meadows Racetrack and Casino also had a good month, with a 15.6 percent increase over the same month last year.

September 3, 2009
Posted By April Gardner
Staff Editor, CasinoGamblingWeb.com
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