Wednesday, March 29, 2023

Tag: Pennsylvania

Penn National upbeat on “very strong financial performance” since re-opening

Penn National Gaming 2nd quarter financial
Jay Snowden, Penn National Gaming’s president and CEO, noted the company ended the second quarter in “a significantly improved financial position”.

Mohegan Gaming and Entertainment Q1 2020 results boosted by Canadian ops

Mohegan Gaming and Entertainment Canada
Casino Niagara and Fallsview Casino Resort generated $85m in net revenues during the quarter, helping lift Mohegan Gaming and Entertainment’s Q1 2020 net revenue by nearly 25 percent.

Scientific Games and Caesars launch sports betting in Pennsylvania

Scientific Games, Caesars, launch, sports betting, Pennsylvania
Scientific Games and Caesars have enhanced their partnership through the launch of sports betting at Caesars’ Harrah’s Philadelphia Casino and Race-track. The sportsbook, powered by the company’s OpenBet platform, features world-class sports betting retail solutions, allowing Harrah’s players to place bets at the venue. Online and mobile sports betting will follow in Q1 2019. The launch represents Scientific Games and Caesars’...

Pennsylvania expansion proves a boon for state funds

Pennsylvania, Philidelphia, expansion, state, funds
In the twelve months since a massive gaming expansion amendment was actioned in Pennsylvania the state has made more than $385m. A report from Play Pennsylvania has shed light on the positive performances which come in at almost quadruple of the initially-projected $100m figure. The majority of this contribution to state funds came from direct licensing fees and not from...

Land based operators step up iLottery opposition

A strong opening month from Pennsylvania’s controversial iLottery platform has been met with an increase in opposition of land based operators who continue to refute the legality of its implementation. Having previously voiced opposition against state-supported online lottery gaming before launch, Pennsylvania’s 13 licensed casino operators have upped their campaign following a strong first month of the service. A letter signed...

Legislative ineptitude risking Pennsylvanian market prospects

A flat market, exorbitant tax rates and apparent illegality on the half of state-backed competition appear to be dissuading land based casinos from stepping into the online sphere in Pennsylvania at a time when it is much needed. Online gaming, the knight in shining armour riding across the east coast to combat the grim spectre of Pennsylvania’s fiscal chasm, the...

Table revenue record in Pennsylvania, but free-play under threat

Pennsylvania Tom Wolf
Table game takings for the month of March reached a record high in the US state of Pennsylvania, according to the state’s Gaming Control Board (PGCB). Across the region’s 12 casinos, table revenue amounted to $77.9m (E67.6m). The result equated to a like-for-like increase of 11.7 per cent, and was more that $5.7m (E4.95m) higher than the previous monthly record,...