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Pa. casinos bring in slightly more slot revenue for last fiscal year.

Byline: Stacy Wescoe

At the same time, the Sands Casino Resort Bethlehem saw a slight dip in slot revenue and the Mount Airy Casino Resort in Mount Pocono saw a greater than average increase. The fiscal year ended on June 30.

All totaled, Pennsylvania's casinos took in more than $2.35 billion in slot revenue, which is approximately $16 million higher than the $2.34 billion in slot revenue generated during the 2016-2017 fiscal year.

The Sands, which had the second highest gross slot machine revenue after Parx Casino in Bensalem, took in $302 million in slot revenue as compared to $304 million in 2016-2017. That was a 0.69 percent decrease.

Mount Airy had a 3.36 increase in slot revenue taking in $147 million for 2017-2018 as compared to $142 million the year prior.

However, both of the resorts saw a better June this year when compared to last June in terms of slot revenue.

The Sands had a 2.84 percent increase to $25 million from $24 million the prior June.

Mount Airy had a 5.59 percent increase to $13 million from $12 million the prior June.

The commission said to date, since the opening of the first casino in November 2006, revenue from slot machine play has totaled $24.8 billion, resulting in a tax generation of $13.3 billion.View the full article from Lehigh Valley Business at http://www.lvb.com/article/20180709/LVB01/180709892/pa-casinos-bring-in-slightly-more-slot-revenue-for-last-fiscal-year. Copyright 2018 BridgeTower Media. All Rights Reserved.

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Publication:Lehigh Valley Business
Article Type:Financial report
Date:Jul 9, 2018
Words:258
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