Friday, October 22, 2010

Mohegan Sun At Pocono Downs Adds More Table Games, Generates Lower Table Game Revenue In September

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Table game figures for the month of September were released by the Pennsylvania Gaming Control Board yesterday, which reflect lower table game revenues in September at the Mohegan Sun at Pocono Downs than the month of August while the number of table games on the casino's floor were increased from 72 to 84 tables.

In September, the amount lost by gamblers at the Tribe's Pennsylvania casino was $3.4 million, compared to $3.5 million lost by gamblers in August. The amount lost by gamblers is commonly referred to in the industry as the "win" or table game revenue. These figures do not take into account any expenses associated with running the games or the table game taxes paid to the state.

The following are the results for the month of September, in descending order of table game revenue. The number of table games at each casino is shown next to the name of each casino. Note that the Tribe's table game revenue was rounded off to $3.4 million in the above narrative.

Mount Airy and Sands Bethlehem are the Tribe's two closest competitors in Pennsylvania. A public suitability hearing will take place in November on a possible third close competitor, the Bushkill Group, which is seeking a Category 3 gaming license for a casino in the Pocono Mountain county of Monroe.

Parx Casino - 57 tables, $6,529,448
Harrah's - 99 tables, $5,326,848
The Rivers - 85 tables, $4,942,013
Sands Bethlehem - 89 tables, $4,876,562
Mount Airy - 72 tables, $4,038,919
Mohegan Sun at Pocono Downs - 84 tables, $3,366,195
Penn National - 54 tables, $2,725,799
Meadows - 66 tables, $2,485,586
Presque Isle - 48 tables, $1,708,391

Note: The Sugar House Casino in Philadelphia was not open for the full month of September. Sugar House opened in the last week of September and generated $866,366 on its 40 tables.