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January 28, 2010
ATLANTIC CITY – In December Pennsylvania’s slot revenue surpassed Atlantic City’s for the first time. A casino newsletter, the Gaming Industry Observer, reports the Pennsylvania revenues were $189 million compared to $179 million. Pennsylvania is now number one in slots among East Coast states from Maine to Florida. “From Pennsylvania’s standpoint, it is a milestone, though it is not unexpected,” wrote Joseph Weinert, the newsletter editor. Weinert estimates that half of the slot revenue generated by casinos in eastern Pennsylvania would have previously gone to Atlantic City. “Pennsylvania’s going to take a chunk out of Atlantic City’s table games. We expect the brunt of that in 2011, when table games are going full bore,” Weinert wrote. Pennsylvania’s total slot revenue jumped 21 percent in 2009 to $1.96 billion as reported by the Pennsylvania Gaming Control Board. It is forecasted to jump 24 percent this year. Shawn McCloud, director of financial analysis for Spectrum Gaming Group, said “The ongoing expansion of Pennsylvania gaming, including the opening of the Parx Casino last month and the introduction of live table games in the second half of this year, continues to shape the regional competitive landscape.” Return to Pennsylvania Casinos. |
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