Gaming Revenues Still Slumping
In early January, the Pennsylvania Gaming Control Board reported the final tally of gross revenue from slot machine gaming for 2014 at $2.319 billion. This
In early January, the Pennsylvania Gaming Control Board reported the final tally of gross revenue from slot machine gaming for 2014 at $2.319 billion. This
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
Has luck run out for Pennsylvania’s casinos? In 2013, annual gross terminal revenue (the casino share of slots play) from the state’s twelve casinos was
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.
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
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
When Pittsburgh’s casino license passed from Don Barden to Neil Bluhm, the latter agreed, as a condition to the transfer, to honor all obligations associated
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
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