PA casino revenue down 1.56 pct in April
As casino operators await for sports betting, table revenue dragged the 12 companies’ numbers down 1.56 per cent in April.
US.- Pennsylvania is set to become one of the first states to legalise sports betting after the Supreme Court revoked PASPA and casino operators are eager to get their hands on the segment’s revenue. It seems to be much needed as their figures for April showed a 1.56 per cent drop year-on-year, dragged down by a poor table games performance.
According to the Pennsylvania Gaming Control Board (PGCB) the state’s 12 casino operators posted combined gaming revenue of US$280.8 million last month, way behind March’s US$300.5 million. Numbers could’ve been way lower if it wasn’t for slot machines US$206.2 million, up 0.2 per cent year-on-year.
Table revenue was the main reason for the decline as it went down 6.2 per cent year-on-year to US$74.6 million. It was led by Sands, with US$17.6m (down almost 20 per cent), as Parx came in second with a 7.1 per cent increase to US$16.5m. SugarHouse finished third as it reached US$10.2m, down 1.8 per cent from last year.
The landscape is set to change soon as sports betting will become part of the market and join the online segment. The state has already begun to accept applications for licences and is expected to have them ready by 2019.
