Whilst many European markets struggle with their table games, Pennsylvania, which only introduced games such as roulette and blackjack in the summer of 2010, is seeing revenues boom with 11 casinos bringing in revenues of US$57.1m in June 2012.
Whilst that represented an increase of 15.5 per cent compared to June of 2011, the overall figures are even more impressive with the June results boosting table games revenue during the 2011/12 Fiscal Year to $663.9m, representing an increase of 30.8 per cent over the previous year.
The monthly report from the Pennsylvania Gaming Control, showed that $9.2m in tax revenue was generated from table games in June boosting the total tax from tables for the year to $107m. The increase does not include Valley Forge Casino Resort, which opened in March.
Mount Airy Casino Resort in Monroe County saw a nine per cent increase from its 72 tables. Mohegan Sun at Pocono Downs saw an 11.7 per cent increase to $43.1m from its 84 tables.
Doug Harbach, Spokesman for the Gaming Control Board, said Pennsylvania remained ‘attractive’ to table connoisseurs as it was a convenient driving distance for a significant customer base. He pointed to improved gambling offerings in New Jersey, Maryland and Ohio as threats to the pace of revenue increase in future months. “Casinos are looking at other ways to bring in customers and increase overall revenues. Hotels, conference centers, entertainment complexes and more restaurants at all the facilities are moving forward,” he explained.
Certainly one Pennsylvania venue is looking at generating profits from additional revenue streams with Mohegan Sun just opening a hotel and convention centre with the aim of becoming a ‘full destination.’
President and CEO Bobby Soper said: “We’re hopeful that the market will continue to grow. We have had strong growth in both slots and table games as well as non-gaming amenities. This past year is a positive sign and one reason we could move forward with the hotel.”
Combined with the slot machine revenue, Pennsylvania’s 11 casinos generated $3.1bn in the year to July, marking a 10 per cent increase from the previous fiscal.