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Pa. table games revenue up 8.9 percent in April

By 69 News & Associated Press, (follow: @69news), news@wfmz.com
Published On: May 17 2013 06:46:19 AM CDT

Table games revenue up

PHILADELPHIA -

The table game business at Pennsylvania casinos is booming.

Gambling regulators say gross revenue from the games was up 8.9 percent in April.. compared to the same time in 2012.

The Gaming Control Board says table games brought in more than $61 million last month. That's up from $56.5 million during the same period the year before.

The increase was fueled by the gains at Sands Casino Resort Bethlehem (up 28.7 percent) and The Meadows Racetrack and Casino in western Pennsylvania (up 63 percent), as well as the growth of the newest casino, Valley Forge Casino Resort, which opened in March 2012 (up 21.7 percent).

Three other casinos also showed table games growth for the month.

There were also significant signs of the effects of competition from other states, especially at Presque Isle Downs Casino in Erie, which showed another decline, down 42.9 percent. It's facing competition from a new casino that opened across the state line in Cleveland a year ago. The Rivers Casino in Pittsburgh was also down 16.7 percent to $5 million.

While table games growth has remained strong, slots revenues have been decreasing. Gross revenue from slot machines declined for the fifth straight month in April, down 4 percent from the same period the year before.

Earlier this this month, the board reported gross revenue from slot machines was down 4 percent in April, the fifth straight month of slots declines. When slots and tables revenues are combined, total gaming revenues were down slightly in April to $266.7 million.

The state's first casino opened with slot machines in 2006. Table games were introduced in 2010 and Pennsylvania has grown into the nation's second-largest gambling market behind Las Vegas.

The state uses casino revenue to support the state budget, schools, development projects, volunteer firefighting squads, local governments and horse racing.