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Combined Slots and Table Games Revenue in Pennsylvania Rises 4.4% in 2012

January 16, 2013

December 2012 table games revenue is 2(nd) highest monthly total to date

HARRISBURG, Pa., Jan. 16, 2013 /PRNewswire-USNewswire/ — Total gross revenue from the play of slot machines and table games at Pennsylvania’s 11 casinos during calendar year 2012 was 4.4% higher than revenue generated in 2011, according to figures released today by the Gaming Control Board.

Combined gross revenue from casino gaming was $3,158,317,863 in 2012 which produced tax revenue in the amount of $1,441,789,220.

The following chart tracks slot machines and table games gross revenue. The first slot machines began operating in November 2006 while table games were added to Pennsylvania casinos in July 2010:

    Calendar
     Year         Gross Slot Machine Revenue            Gross Table Games Revenue        Total Gaming Revenue
    --------      --------------------------            -------------------------        --------------------
             2006                           $31,567,926                n/a                                       $31,567,926
             ----                           -----------                ---                                       -----------
             2007                        $1,039,030,723                n/a                                    $1,039,030,723
             ----                        --------------                ---                                    --------------
             2008                        $1,615,565,758                n/a                                    $1,615,565,758
             ----                        --------------                ---                                    --------------
             2009                        $1,964,570,480                n/a                                    $1,964,570,480
             ----                        --------------                ---                                    --------------
             2010                        $2,273,934,190                     $212,473,871                      $2,486,408,061
             ----                        --------------                     ------------                      --------------
             2011                        $2,405,867,897                     $618,905,062                      $3,024,772,959
             ----                        --------------                     ------------                      --------------
             2012                        $2,470,935,317                     $687,382,546                      $3,158,317,863
             ----                        --------------                     ------------                      --------------

The Board also reported today that gross revenue from just the play of table games at Pennsylvania casinos was $60.4 million in December 2012. That represented an 8.2% increase in gross revenue from table games during December of this year compared to December of 2011, and was the second highest gross revenue month for tables behind March 2012.

The monthly report for table games is posted on the Board’s web site, www.gamingcontrolboard.pa.gov.

The gross table games revenue breakdown for each of the casinos in December 2012 is as follows:

    Casino        December 2012            December              December      December 2011 Gross Revenue
                      Tables          2012 Gross Revenue       2011 Tables
     Sands
     Casino
     Resort
     Bethlehem                    152              $13,483,331             135                  $11,727,468
     Parx
     Casino                       163               $9,466,900             184                  $10,027,857
     SugarHouse
     Casino                        56               $7,724,091              54                   $6,532,479
     Harrah's
     Philadelphia
     Casino
     and
     Racetrack                    121               $7,240,002             125                   $5,942,422
     Rivers
     Casino                       116               $5,795,240             108                   $5,920,238
     Mount
     Airy
     Casino
     Resort                        72               $3,434,196              72                   $2,786,443
     Mohegan
     Sun
     at
     Pocono
     Downs                         84               $3,319,632              84                   $4,283,739
     Hollywood
     Casino
     at
     Penn
     National
     Race
     Course                        69               $3,239,106              69                   $3,278,192
     The
     Meadows
     Racetrack
     and
     Casino                        80               $2,970,906              78                   $3,390,887
     Valley
     Forge
     Casino
     Resort                        50               $2,619,138              --                           --
     Presque
     Isle
     Downs
     and
     Casino                        53               $1,090,895              53                   $1,933,761
     Statewide
     Total                      1,016              $60,383,437             962                  $55,823,485

The Board is also providing a gross table games revenue comparison for each casino for the 2012 and 2011. The December figure boosted table games revenue during 2012 to $687 million, an increase of 11% over the previous year.

    Casino        Gross Table Games Revenue 2012  Gross Table Games Revenue 2011
    ------        ------------------------------  ------------------------------
    Sands
     Casino
     Resort
     Bethlehem                       $146,492,966                    $106,382,790
    ----------                       ------------                    ------------
    Parx
     Casino                          $109,959,936                    $114,485,037
    -------                          ------------                    ------------
     SugarHouse
     Casino                           $83,941,815                     $74,212,307
     ----------                       -----------                     -----------
     Harrah's
     Philadelphia
     Casino
     and
     Racetrack                        $81,009,223                     $80,971,453
     ------------                     -----------                     -----------
    Rivers
     Casino                           $69,738,431                     $67,497,387
    -------                           -----------                     -----------
    Mohegan
     Sun at
     Pocono
     Downs                            $42,747,972                     $42,021,546
    -------                           -----------                     -----------
    Mount
     Airy
     Casino
     Resort                           $39,670,415                     $39,607,114
    -------                           -----------                     -----------
     Hollywood
     Casino
     at
     Penn
     National
     Race
     Course                           $38,579,543                     $38,410,926
     ---------                        -----------                     -----------
    The
     Meadows
     Racetrack
     and
     Casino                           $35,441,404                     $34,325,170
    ----------                        -----------                     -----------
    Valley
     Forge
     Casino
     Resort
     (opened
     3/31/12)                         $21,419,727                              --
    ---------                         -----------                             ---
    Presque
     Isle
     Downs
     and
     Casino                           $18,381,114                     $20,991,332
    -------                           -----------                     -----------
     Statewide
     Total                           $687,382,546                    $618,905,062
     ---------                       ------------                    ------------

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board was established in 2004 with the passage of Act 71, also known as the Race Horse Development and Gaming Act. Pennsylvania’s first new state agency in nearly 30 years, the Gaming Control Board is tasked to oversee all aspects of the state’s casino industry. The 11 casinos in operation all offer both slot machine and table game gambling, employ over 16,000 people, and collectively generate an average of $4 million per day in tax revenue. A portion of that money is used for property tax reduction to all Pennsylvania homeowners; provide funds to the Commonwealth’s horse racing industry, fire companies, a statewide water and sewer project grant program, and the state’s General Fund; and, established a new stream of tax revenue to local governments that host casinos for community projects.

A wealth of information about the Gaming Control Board’s regulatory efforts and Pennsylvania’s gaming industry can be found at www.gamingcontrolboard.pa.gov. At this website, visitors can watch Board meetings live or view videos of past meetings, look up future meeting schedules and past meeting transcripts, obtain information on identifying a gambling problem and gaining assistance, access an interactive map of casino locations, request a speaker for their group, along with much more information. You can also follow the agency on Twitter by choosing @PAGamingControl.

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

SOURCE Pennsylvania Gaming Control Board


Source: PR Newswire