Table Game Revenue Rise in Southeast PA casinos

The struggling ground casinos in Philadelphia now have something to cheer about as four of the casinos in Southeast PA reported 7.4 percent growth in revenue. In January this year, casinos Valley Forge, Parx, and SugarHouse along with Harrah’s together posted revenue of $27.9 million, up from $26 million made in January 2014. The state’s Gaming Control Board reported recently that except Harrah’s all other casinos reports profits from table games like craps and poker since they were launched in 2011. The overall growth of industry’s profits from 12 casinos located across the state during last month was at 12.5 percent as they reported revenue of $66.02 million in total.

Casinos

Casinos which witnessed growth

Though four casinos closed in neighboring state New Jersey last year it is now showing signs of improvement with Golden Nugget reporting revenue growth of 48 percent and Tropicana reporting annual growth of 30 percent. Though most of the 12 surviving casinos in Southeast PA are doing fairly well eight of them reported revenue growth of 9.4 percent during December 2014. The casinos in Pennsylvania have another big reason to cheer as it has beaten Nevada as United States’ second largest gambling market. Fortunes of the state’s casinos turned in December when revenue from slots jumped by 6 percent followed by revenue from table games.

Pennsylvania casino revenues

Table revenues of casinos like Sands Bethlehem was up at $14.2 million as it increased the number of tables from 193 in December 2013 to 206 during festival time in December 2014. Other top earning casinos were Parx which reported $10.2 million revenue followed by SugarHouse which witnessed gains of 12 percent. The gaming tables of Parx Casino too reported decent growth of 9 percent, which translated to revenues of $130 million which is 17 percent of what the state’s casino earned during the year. The only casinos which failed to deliver were Hollywood Casino, Meadows Racetrack, Harrah’s Philadelphia and Presque Isle Downs.