Tuesday, December 11, 2007

Tribe's Pennsylvania Slot Machine Revenue Report

Feather News

The Pennsylvania Gaming Control Board reports on the weekly slot machine revenue for the Tribe’s Pocono Downs and at other gaming properties in the state.

According to these public figures, about $42 million went into the slots at Pennsylvania’s Pocono Downs in the week before the Mount Airy Casino opened. About 91% of this amount is paid out by the slot machines to customers ($38 million) and after deducting certain promotions, the amount remaining - the casino’s win, or revenue – was $3.7 million for the week.

Six weeks after the opening of the Mount Airy Casino, which is located about twenty miles away from the Tribe’s Pocono Downs, the revenues have dropped significantly.

In the week that ended Sunday, Pocono Downs recorded $28 million played at the 1,203 slot machines. After deducting the amount paid out and promotions, the amount remaining was $2.4 million. This was its lowest take since the Mount Airy Casino opened in late October.