PA slots revenues continue decline
Slots revenues in Pennsylvania remained soft for the month of February, dropping 7.54 percent compared with revenues generated during February 2013.
The decline, though not as severe as January’s nearly 9 percent plunge, does not bode well for the approval of a proposed second casino in Philadelphia.
As in January, officials for the Gaming Control Board attributed some of the shrinking revenues to players prevented from venturing out due to the brutal winter storms.
“We certainly can’t blame it all on weather,” said spokesman Richard McGarvey, “but certainly a fair portion. “We still think that competition from outside our boarders and the sluggish economy had something to do with it.”
Ohio added two new casinos in December, and Maryland new casinos continue to be wildly successful.
Slots revenues at Parx Casino in Bensalem declined by 9.3 percent over from last January; Sugarhouse Casino on the Philadelphia waterfront slumped 9.5 percent; Harrah’s Philadelphia Casino and Racetrack in Chester plunged 11.5 percent.
The one bright spot was in the western Philadelphia suburbs where the Valley Forge Casino Resort posted an 11.8 percent gain.
“It’s in its second year,” McGarvey said of Valley Forge. “History shows that most facilities in their second year show some nice increases.”
Statewide the total slots revenue fell from $195.9 million to $181.2 million.