Asset 1

May Has Been a Good Month for Pennsylvania Casinos

Publish: 27.06.2019

The Pennsylvania Gaming Control Board (PGCB) has posted the latest results, revealing that all 12 casinos doing business in the state recorded combined slot machine revenue of $209.6 million during May.

This number represents an improvement of 2.7% when compared to the same month of the previous year. The state’s gambling authority also published individual results for each of the casinos in the Keystone State.

Numbers Tell the Full Story

Rivers Casino Pittsburgh had the biggest year-on-year improvement. The venue’s revenue of $25,612,121.67 in May represents an increase of 12.9% when compared to the results from the corresponding 31-day period of 2018.

Valley Forge Casino Resort in King of Prussia, owned and operated by the Boyd Gaming, had the second-best performance in May, taking home $8,867,509.89 in revenue, 11.58% more than in the same month of the last year.

Far behind them, was the Meadows Casino, with a revenue of $18,677,481.02, which is a year-on-year increase of 7.59%

Four venues saw their revenues drop from last year, with the biggest loser being Wind Creek Bethlehem, formerly known as Sands Casino. The venue recently bought from the Las Vegas Sands Corporation, by Wind Creek Hospitality, the gaming arm of the Poarch Band of Creek Indians recorded $26,135,435.56 in revenue during May, which is a decline of 3.24% when compared to the corresponding month of 2018.

Rush Street Gaming’s SugarHouse Casino in Philadelphia saw its revenue improve by around $15,000 to $15,563,286.02, representing a slight gain of 0.09%!

The report posted by the PGCB also revealed that the average number of slot machines operating throughout the state was 25,168 in May this year, which is 2.6% less than in May 2018.

Getting Ready for Online

In related news, casinos in Pennsylvania have made a request to halt the state lottery’s use of online games, as they believe these games resemble casino games too much. Casinos have officially filed the paperwork earlier this week, requesting an injunction.

The lawsuit against the Pennsylvania Lottery was filed 8 months ago. In that lawsuit, casinos argue that online games used by the state lottery (not all, but some) are directly violating the state law from 2017 due to their simulation of slots and the style of gambling they offered.

Commenting on the whole matter, the Pennsylvania Lottery officials said the games their company offered were in keeping with the existing law.

This request comes less than two months after the state’s licensing and regulatory agency announced that Pennsylvania casinos would be allowed to operate online gaming.

Seven out of 13 land-based casinos in Pennsylvania have already gotten the approval to start offering local online poker services, while 10 of them have similar licenses related to providing virtual table games and slots to players in the state. According to available information, the first series of online sites will go live on July 15.

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, including sports wagering offered currently at eight locations and online by one casino. The oversight also includes other new gaming initiatives, expected to be launched in the coming months, which were created through Act 42 of 2017, an amendment to the Race Horse Development and Gaming Act.