New York casino revenue down
Although operators have reported a decline in their casino revenue, experts are positive about summer results.
US.- The New York Gaming Commission has released casino reports noting last months’ week-to-week revenue. Although the published results show a slightly decline from week to week since February to April, experts believe gaming revenue will be up again during the summer period.
New York Del Lago Resort & Casino and Rivers Casino & Resort reported positive results during their first operating week in February, but both company’s revenues have been falling since then. Del Lago maintained an average revenue of US$2.9 million per week since its opening in February 7, as well as Rivers Casino. Meanwhile, the first of three new casinos, Tioga Downs continued with an average of US$1.5 million since its opening in December.
“We knew that in the first few months, people would come out to see what we’re about, kick the tires,” said Jeff Babinski, general manager at del Lago during an interview with NYup. “But we also know there’s a lot of competition that wasn’t here a year ago and there are people who would try one place and then maybe another.”
However, upstate New York casinos are betting on a good season this summer, when analysts expect better touristic and entertainment options to boost casino visits. From March to June, three casinos in New York experienced a drop on their revenues, although there was an increase in the first week of July.
