Valley Forge Winning The Battle Of Table Games Revenue

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Revenue from table games inside Pennsylvania’s 12 casinos dipped slightly in January. According to figures released by the Pennsylvania Gaming Control Board (PGB) in February, table game revenues were down 2.2 percent from January of last year. The board also reported a 1.4 percent decrease in slots revenue earlier in the month. As a result, overall gaming revenue decreased approximately 1.6 percent compared to the same month last year. January 2018 table games revenue was $71,032,273 compared to $72,610,202 in January 2017. January 2018 slot machine revenue was $177,795,12 compared to $180,304,670 in the same month last year. Plus, statewide total gaming revenue reached $248,827,400 in January 2018 compared to $252,914,872 in January 2018. Total tax revenue generated at table games throughout the month was $11,421,189. For slots it hit $92,644,953. That means the state raked in a total of $104,066,142 in total tax revenue from casino operations in January of this year. Parx holds total gaming revenue lead Bensalem’s Parx Casino continued to lead the state in total gaming revenue with $45,598,476. Of course, this number was down a little over 2 percent from the $46,532,228 in total gaming revenue Parx posted in the same month last year. Sands Casino Resort Bethlehem continued to lead the state in table game revenue as well, with $18,125,762. This helped Sands maintain its position as the runner-up in total gaming revenue with $41,130,613. Sands Bethlehem is home to 200 table games, including a 30-table poker room. No other casino in the state posted more than $30 million in total gaming revenue in January. Valley Forge posts biggest increase Valley Forge Casino Resort in King of Prussia just outside Philadelphia hosts just 50 of the state’s 1,267 table games in operation last month. However, the Category 3 resort casino posted the biggest increase in table game revenue throughout the month. In fact, Valley Forge posted $3,689,303 in table game revenue in January, compared to $2,530,463 in the same month last year. This represents a 45.8 percent increase. There has been one major change at Valley Forge in recent months that could explain the uptick. In November 2017, the casino paid a $1 million fee to remove the requirement that limited casino customers to hotel guests, membership holders and patrons of other resort amenities. Valley Forge Casino Resort also posted the largest increase in total gaming revenue throughout the month of January. Its $10,419,955 in total gaming revenue represented a 13.91 percent increase over the $9,147,869 the operation posted in the same month last year. The Meadows Casino about 25 miles south of Pittsburgh saw the largest drop in table game revenue throughout the month. Meadows posted $1,518,994 in table game revenue compared to $2,633,807 in January 2017. This represents a 42.33 percent decrease. The Meadows hosts 65 table games and a 14-table poker room. The Meadows Casino also posted the largest drop in total gaming revenue. The property posted $16,372,497 in total gaming revenue throughout the month, compared to $19,088,024 in January 2017. This represents a 14.23 decrease.

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