Plainridge Park Casino posts revenue record
The Massachusetts casino reached its second strongest month to date with almost US$200 million in July.
US.- Plainville’s Plainridge Park Casino revealed that the facility achieved its second best results in July as it recorded US$15.5 million in gross gaming revenue that comes from US$194.6 million in wagers.
The company’s revenue report detailed a payout percentage of 92.07 percent. The best month ever for the casino was July 2015, when gross revenues achieved the result during its first full month of activity. According to the local Gaming Commission, Massachusetts is entitled to US$6.2 million of the casino’s revenue from July in state taxes. That money goes directly to local aid and another US$1.4 million to the Race Horse Development Fund, totaling US$7.5 million between those two things, masslive.com reported. The state taxes 49 percent of Plainridge’s gross gaming revenue, 82 percent going to local aid and 18 percent to set up that horse racing fund.
Back in June, the Massachusetts Gaming Commission reported that the entity fined Plainridge Park Casino for failing to ensure the minimum security staffing requirements they impose. The local commission punished the only slot parlor in the state with a US$65k fine. The fine was the result of a security review conducted from the last week of December to the first of January 2017, and January 14 as well. The regulatory body established that almost a quarter of times the casino failed the security levels.
