{"id":6574,"date":"2018-05-17T18:45:59","date_gmt":"2018-05-17T18:45:59","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=6574"},"modified":"2018-05-17T22:19:13","modified_gmt":"2018-05-17T22:19:13","slug":"for-once-it-is-table-games-bringing-pa-casino-revenue-down","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/for-once-it-is-table-games-bringing-pa-casino-revenue-down\/","title":{"rendered":"For Once It Is Table Games Bringing PA Casino Revenue Down"},"content":{"rendered":"
A slight uptick in slot revenue wasn\u2019t enough<\/strong> to offset a brutal month on the table game side of the ledger for Pennsylvania\u2019s casinos.<\/p>\n After posting the first $300 million<\/strong> month in its 14-year history last month, casino revenue came back down to Earth in April. Revenue fell nearly seven percent<\/strong> month-over-month and 1.5 percent<\/strong> year-over-year.<\/p>\n Here\u2019s a look at the top line April numbers:<\/p>\n After suffering through a yearlong slump, slot revenue has righted itself, with the industry posting Y\/Y gains in five of the last eight months<\/strong>.<\/p>\n Just four of the state\u2019s casinos beat last April\u2019s numbers: Parx, Rivers, Harrah\u2019s, and Presque Isle.<\/p>\n Half of the state\u2019s casinos saw revenue decline by at least four percent: Mohegan Sun, Valley Forge, Meadows, Mount Airy, Sands, and Lady Luck.<\/p>\n The gap between Pennsylvania\u2019s top two casinos widened<\/strong> in April. Parx saw revenue rise 6.4 percent<\/strong> while Sands Bethlehem\u2019s revenue dropped 9.5 percent<\/strong>.<\/p>\n Sands\u2019 longstanding table-game dominance<\/strong> is also evaporating. Parx\u2019s tally of $16.5 million is just over $1 million shy of Sands\u2019 total, the closest the two have been since the state authorized table games.<\/p>\n Parx is fast-approaching a 20-percent market share<\/strong> in a 12-casino market.<\/p>\n Valley Forge\u2019s hot streak<\/strong> came to an end in April, as the casino posted its first Y\/Y revenue decline<\/strong> since October 2017.<\/p>\n April\u2019s reversal is a bit of a head-scratcher considering Valley Forge\u2019s revenue was up by double-digits<\/strong> in four of the previous five months, thanks in large part to the gaming reform package that removed the amenity fee (entry-fee) requirement passed last year.<\/p>\n When it came to slot revenue, Valley Forge had a strong month, posting nine percent Y\/Y growth. \u00a0But the strong slot performance couldn\u2019t offset a nearly 40 percent Y\/Y decline<\/strong> in table game revenue.<\/p>\n Forecasting the coming months will be difficult. Gaming expansions the state okayed last year are expected to launch, not to mention the landmark decision by the Supreme Court<\/strong> on sports betting, which Pennsylvania preemptively authorized in the gaming reform package.<\/p>\n The post For Once It Is Table Games Bringing PA Casino Revenue Down appeared first on Play Pennsylvania.<\/p>\n","protected":false},"excerpt":{"rendered":" A slight uptick in slot revenue wasn\u2019t enough to offset a brutal month on the table game side of the… Continue reading For Once It Is Table Games Bringing PA Casino Revenue Down<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":6579,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"link","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[374,6],"tags":[],"class_list":{"0":"post-6574","1":"post","2":"type-post","3":"status-publish","4":"format-link","5":"has-post-thumbnail","7":"category-industry","8":"category-news-category","9":"post_format-post-format-link","10":"entry"},"acf":[],"yoast_head":"\nTop line numbers for April 2018<\/h2>\n
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12-month slot revenue trend<\/h2>\n
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Who was up and who was down in March<\/h2>\n
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Market share and revenue comparisons<\/h2>\n
<\/p>\n
<\/p>\n
Who won and who lost<\/h2>\n
Parx is leaving Sands in the rearview mirror<\/h3>\n
Valley Forge growth streak comes to an end<\/h3>\n
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Looking ahead<\/h2>\n
Historical look at casino revenue in Pennsylvania<\/h2>\n
<\/p>\n