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February 2012 PA Slot Machine Revenue 8.9% Higher Than in 2011

 

HARRISBURG, Pa., March 2, 2012 /PRNewswire-USNewswire/ -- Revenue generated through the play of slot machines at Pennsylvania casinos during February 2012 increased 8.97% compared to the amount generated in February of last year.

According to the monthly report posted today on the Pennsylvania Gaming Control Board's web site www.gamingcontrolboard.pa.gov, this February's gross revenue at the 10 operating casinos from slot machine play was $215,687,739 compared to gross revenue of $197,925,541 in February 2011.  Revenue was positively affected in February 2012 by one extra day in the month compared to 2011.

The PGCB also reported that the amount of tax revenue produced for the Commonwealth from slot machine play during February 2012 was $117,069,618, an average of $4 million of tax revenue generated per day.

February 2012 and 2011 gross revenue and percentage change for each of the casinos is as follows:

Casino

February 2012

February 2011

% change

Parx Casino

$34,445,594.16

$31,429,988.95

9.59%

Rivers Casino

$25,344,620.18

$22,722,427.06

11.54%

Sands Casino Resort Bethlehem

$25,308,122.71

$21,658,643.93

16.85%

Harrah's Chester Casino and Racetrack

$23,181,977.41

$24,239,358.81

-4.36%

Hollywood Casino at Penn National Race Course

$22,328,131.02

$20,758,362.52

7.56%

The Meadows Racetrack and Casino

$21,110,946.51

$21,019,268.89

0.44%

Mohegan Sun at Pocono Downs

$20,170,535.91

$18,278,684.43

10.35%

SugarHouse Casino

$18,255,337.22

$13,365,211.73

36.59%

Presque Isle Downs and Casino

$13,917,505.65

$13,159,288.84

5.76%

Mount Airy Casino Resort

$11,624,968.00

$11,294,306.08

2.93%

Statewide Total

$215,687,738.77

$197,925,541.24

8.97%

The average number of operating slot machines at these facilities was 26,309 in February 2012 and 26,789 in February 2011.

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 40 years, the Gaming Control Board is tasked to oversee all aspects of the state's casino industry. The ten casinos in operation all offer both slot machine and table game gambling, employ over 15,000 people, and collectively have generated $6 billion in tax and license fee revenue since the first casino opened in November 2006. A portion of that money is enabling property tax reduction for all Pennsylvania homeowners, providing needed funding to the Commonwealth's horse racing industry, funding grants for fire companies and water/sewer projects, and establishing a new stream of tax revenue to local governments for community projects. A wealth of information about the Gaming Control Board and Pennsylvania's gaming industry can be found at www.gamingcontrolboard.pa.gov. At this website, visitors can view videos of Board meetings and on the operation of the PGCB, obtain information on identifying a gambling problem and gaining assistance, look up future meeting schedules and past meeting transcripts, access an interactive map of casino locations, request a speaker for their group, along with much more information.

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

SOURCE Pennsylvania Gaming Control Board

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RELATED LINKS
http://www.gamingcontrolboard.pa.gov