Massachusetts
Plainridge Park owners defend revenue declines at casino
The owners of Plainridge Park are defending the performance of Massachusetts’ first casino.
2016-01-25
Reading time 30 seg
The owners of Plainridge Park are defending the performance of Massachusetts’ first casino.
Timothy Wilmott, CEO of Penn National Gaming, complained in a letter to state gambling regulators this week that media coverage of the slot parlor and harness racing track has been “overly negative” since its July opening.
Monthly revenues at the facility have steadily declined from a July peak of $18.1 million. It posted $11.3 million in gross gambling revenues in December.
Wilmot said such as decline is “quite common” in the casino industry following a “robust opening.”
He said slot machines at Plainridge Park have the highest average revenue among the Pennsylvania-based company’s 27 gambling locations.
The facility is Massachusetts’ lone slot parlor. MGM and Wynn are slated to open resort casinos in late 2018.
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