January Slot Machine Revenue Reported by Pennsylvania Gaming Control Board

  January Slot Machine Revenue Reported by Pennsylvania Gaming Control Board

PR Newswire

HARRISBURG, Pa., Feb. 5, 2014

Figures likely impacted by harsh weather

HARRISBURG, Pa., Feb. 5, 2014 /PRNewswire-USNewswire/ -- The Pennsylvania
Gaming Control Board posted on its web site today the monthly report for total
gross revenue and tax revenue generated from the play of slot machines at
casinos during January.

According to the report, gross revenue from slot machines at the 12 casinos
fell 8.7% in January of this year to $171,786,456 compared to the $188,244,599
in gross revenue generated in January 2013.

"It is likely that the amount of revenue generated was negatively impacted by
the significant amounts of snow and extreme cold weather that affected all
parts of Pennsylvania in January and has continued into February," says Gaming
Control Board Executive Director Kevin O'Toole.

Tax revenue in January of this year was $91,744,988.

In a comparison of just the 11 casinos operating in January 2014 that were
also open for the full month of January 2013, revenue fell by 9.6%.

Gross revenue for each of the casinos operating in January 2014 is as follows,
with the percentage change reflected for those casinos that were operating in
January of both years.

Casino                                January 2014    January 2013    % change
Parx Casino                           $26,938,314.64  $30,168,870.90  -10.71%
Rivers Casino                         $21,690,444.32  $22,608,655.09  -4.06%
Sands Casino Resort Bethlehem         $20,799,889.55  $22,897,391.91  -9.16%
Mohegan Sun at Pocono Downs           $16,912,113.52  $17,229,093.88  -1.84%
Harrah's Philadelphia Casino and      $16,113,372.97  $19,249,436.44  -16.29%
Racetrack
Hollywood Casino at Penn National     $15,872,504.77  $18,240,416.57  -12.98%
Race Course
The Meadows Racetrack and Casino      $15,704,814.49  $18,213,758.06  -13.77%
SugarHouse Casino                     $13,129,805.39  $14,786,300.07  -11.20%
Mount Airy Casino Resort              $9,862,222.22   $10,901,386.15  -9.53%
Presque Isle Downs and Casino         $7,941,904.86   $9,232,000.39   -13.97%
Valley Forge Casino Resort            $5,303,016.74   $4,717,289.91   12.42%
Lady Luck Casino Nemacolin (opened    $1,518,052.04   N/A             --
7/1/13)
Statewide Total                       $171,786,455.51 $188,244,599.37 -8.74%

The average number of slot machines operating throughout Pennsylvania, at the
12 casinos, was 26,606 in January 2014 compared to 26,552 at the 11 casinos in
January 2013.

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 30 years, the Gaming Control
Board is tasked to oversee all aspects of the state's casino industry. The 12
casinos in operation all offer both slot machine and table game gambling,
employ over 16,000 people, and collectively generate an average of $4 million
per day in tax revenue. A portion of that money is used for property tax
reduction to all Pennsylvania homeowners; provide funds to the Commonwealth's
horse racing industry, fire companies, a statewide water and sewer project
grant program, and the state's General Fund; and, established a new stream of
tax revenue to local governments that host casinos for community projects.

A wealth of information about the Gaming Control Board's regulatory efforts
and Pennsylvania's gaming industry can be found at
www.gamingcontrolboard.pa.gov. At this website, visitors can watch Board
meetings live or view videos of past meetings, look up future meeting
schedules and past meeting transcripts, obtain information on identifying a
gambling problem and gaining assistance, access an interactive map of casino
locations, request a speaker for their group, along with much more
information. You can also follow the agency on Twitter by choosing
@PAGamingControl.

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

SOURCE Pennsylvania Gaming Control Board

Website: http://www.gamingcontrolboard.pa.gov
 
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