August saw a 13.4 percent increase overthe same month last year

Eire Casino table games revenue on two-month winning streak

2014-09-22
Reading time 1:05 min
(US).- Presque Isle Downs & Casino is on a bit of a winning streak. For the second consecutive month, the casino saw a month-over-month increase in revenue from its play on blackjack, roulette and other table games. The casino generated USD 1.18 M in revenue in August, a 13.4 percent increase from nearly USD 1.04 M in August 2013, the Pennsylvania Gaming Control Board reported. In July, revenue from the 46 table games increased by 11.2 percent.

Before the two-month winning streak, Presque Isle Downs had experienced 26 straight months of month-over-month declines in revenue from table games. "It's not a long-term trend, but in the short term, it's a bit of a trend," said Richard McGarvey, spokesman for the gaming board.

Jeff Favre, the casino's general manager, said, "We're pleased with back-to-back revenue (increases)." Asked why revenue might be trending upward, he cited increased marketing efforts to attract table games players and the fact that month-over-month projections are more of an "apples to apples" comparison. That means no casinos have opened in the Erie regional market recently.

The newest casinos in the market include: Hard Rock Northfield Park Rocksino in Northfield, Ohio, which opened in December; Thistledown Racino in North Randall, Ohio, which opened in April 2013; and Horseshoe Casino Cleveland, which opened in May 2012.

In August, the local share of revenue from table games at Presque Isle Downs was $23,533, raising the total to $1,425,703 since the casino started offering table games in July 2010. The money is being used for economic development.

For all 12 casinos in Pennsylvania, August's revenue of $66.4 million represented an increase of 4.6 percent over August 2013.

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Terms of use and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR