Gaming Revenue’s Slight 2016 Rise in Perspective
Summary: News reports of the recently released 2016 gaming revenue in the Commonwealth noted that it was a record breaking year for the industry. While
Summary: News reports of the recently released 2016 gaming revenue in the Commonwealth noted that it was a record breaking year for the industry. While
In early August, the Rivers Casino celebrated its fifth anniversary. Before opening on August 9, 2009, the casino’s owner at the time projected they would
During an assessment hearing one of the Rivers Casino’s owners, seeking to have the facility’s assessment lowered, commented that the Casino has been a “terrible
To say that the Rivers Casino in Pittsburgh had a tumultuous start is an understatement. As we have documented in previous Policy Briefs, since it
As the second full year of operations came to a close, the Rivers Casino received some good news in the form of an upgrade in
Much rides on the success of the Rivers casino-a new hockey arena, community projects, and payments to the City of Pittsburgh and Allegheny County. In past Policy Briefs, we have documented the progress of the casino from its tumultuous start. In its first full year, 2010, we noted that revenues from slot machines fell very short of both the Gaming Board’s and the casino’s own projections. Then in 2011, after two full years of slots and one full year of table games, the casino posted stronger gains, although still short of the initial projections. This Brief looks at the casino’s performance in 2012 to see whether it has at long last achieved its original projections.
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
Wagers at the Rivers Casino seemed to have hit a plateau in the fourth week of operations. Revenue data for the week of August 31st
With agreement reached between the Port Authority (PAT) and the Steelers and Rivers Casino to provide free light rail service from the North Shore to