Resorts World Catskills posts disappointing revenues
After its opening back in February, the New York casino has failed to rake half its projected revenue.
US.- The Resorts World Catskills had its inauguration party last February and finally opened on March 1st. However, the venue has earned less than half its first-year projections, after posting an average US$11.9 million gross gaming revenue (GGR) a month, putting it on track to reach US$143 million for the year, instead of the US$300 million the company expected.
“The results are indicative of a challenging marketplace,” Empire Resorts CEO Ryan Eller said and added: “There’s a huge market out there, and we’re developing better ways to go after it.” He remains confident that the casino will end up thriving and hopes to get – at least – to US$150 million for the year.
Despite the disappointing figures, Mr Eller says its still early to judge the venue. He believes the “brutal” winter the east coast went through affected the venue’s performance, which also opened without all its hotel rooms, gaming, and other attractions. According to the company’s CEO, the casino needs time to get a promotional campaign to play out and get things going for business.
