Bluhm on the Hook but Squirming: Taxpayers May Get Tab
With less than a month until the Rivers Casino opens in Pittsburgh the slots parlor is facing a $7.5 million payment due this October for
Christopher Wendt
July 17, 2009
With less than a month until the Rivers Casino opens in Pittsburgh the slots parlor is facing a $7.5 million payment due this October for
The Pennsylvania Gaming Control Board released revenue figures for August 2012 and noted that total gross revenue increased by 3.7 percent from casinos that were
In its first full week (8-10 through 8-16) of operation, the Rivers Casino earned $5.3 million in gross profit-out of which over 50 percent goes
Pittsburgh’s Rivers Casino is on thin ice. Their gross terminal revenues have been woefully under projections and as a result they are having difficulty making
Pennsylvania’s slots parlors are now deep into gambling’s fall slow season. This coupled with the impacts of a national recession has caused one area casino
Since its opening at the beginning of August, the Rivers Casino has been beset by one problem after another and has experienced much lower than
The run of good news for the Rivers Casino was fleeting. Last week we noted that things may be looking up for the beleaguered slots
Pittsburgh’s Rivers Casino received some not so jolly news this holiday season-a credit rating downgrade from Standard and Poor’s. The downgrade from a B- to
As we have documented in past Policy Briefs, the Rivers Casino has gotten off to a rocky start-first with ownership problems and then with weak
There is some moderately good news from the Rivers Casino–at least from the casino’s perspective. Gross terminal revenue has picked up 20 percent thus far
