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Betting on table games
Table games are on their way to Pennsylvania’s slots parlors, and it could not come soon enough for our pals down at Harrah’s in Chester.
The revenue numbers for the state’s new gaming parlors for September are out. And once again Harrah’s is reporting a decline in revenue. It’s not as pronounced as the 10 percent dip that hit in August, but it’s still down nonetheless.
Harrah’s reported total revenue in September of $23.7 million, a decline of 3.3 percent from the same month in 2008. In the meantime, action at Philadelphia Park, which also suffered a hiccup in August, was up in September. Philly Park took in $28.7 million in September, a 6.65 percent spike in action from September 2008.
Harrah’s still ranks No. 2 in the state in terms of slots revenue, trailing only Philly Park. But revenue has been down each month now for almost a year.
And competition continues to increase. Bettors who also would like some action on NFL games can now drive right past Harrah’s and head another 20 minutes down I-95 to place parlay bets at Delaware Park.
And they finally broke ground for one of two slots casinos planned for the city of Philadelphia. SugarHouse is hoping to be in business on the Delaware River by next summer.
It hasn’t exactly been a secret that most people in the state believed table games were in our future. Even state Sen. Dominic Pileggi, R-9, of Chester, indicated recently it was simply a matter of when, not if.
When apparently is now. The state is 90 days into a budget impasse, with Republicans and Democrats still unable to agree on a package of tax increases to close a yawning revenue gap. That’s where table games come in.
They’re expected to infuse another $240 million into the state coffers from slapping a 34 percent tax on casinos’ take from the games, in addition to a $20 million license fee that casinos will fork over for the right to host the games.
The state House was in session in Harrisburg yesterday in a rare Sunday meeting to try to hash out the OK for table games. They’re still talking.
Don’t bet on them turning it down.
Bet the house on the folks down at Harrah’s welcoming table games with open arms – and open wallets on the part of patrons.
Cha-Ching!
The revenue numbers for the state’s new gaming parlors for September are out. And once again Harrah’s is reporting a decline in revenue. It’s not as pronounced as the 10 percent dip that hit in August, but it’s still down nonetheless.
Harrah’s reported total revenue in September of $23.7 million, a decline of 3.3 percent from the same month in 2008. In the meantime, action at Philadelphia Park, which also suffered a hiccup in August, was up in September. Philly Park took in $28.7 million in September, a 6.65 percent spike in action from September 2008.
Harrah’s still ranks No. 2 in the state in terms of slots revenue, trailing only Philly Park. But revenue has been down each month now for almost a year.
And competition continues to increase. Bettors who also would like some action on NFL games can now drive right past Harrah’s and head another 20 minutes down I-95 to place parlay bets at Delaware Park.
And they finally broke ground for one of two slots casinos planned for the city of Philadelphia. SugarHouse is hoping to be in business on the Delaware River by next summer.
It hasn’t exactly been a secret that most people in the state believed table games were in our future. Even state Sen. Dominic Pileggi, R-9, of Chester, indicated recently it was simply a matter of when, not if.
When apparently is now. The state is 90 days into a budget impasse, with Republicans and Democrats still unable to agree on a package of tax increases to close a yawning revenue gap. That’s where table games come in.
They’re expected to infuse another $240 million into the state coffers from slapping a 34 percent tax on casinos’ take from the games, in addition to a $20 million license fee that casinos will fork over for the right to host the games.
The state House was in session in Harrisburg yesterday in a rare Sunday meeting to try to hash out the OK for table games. They’re still talking.
Don’t bet on them turning it down.
Bet the house on the folks down at Harrah’s welcoming table games with open arms – and open wallets on the part of patrons.
Cha-Ching!
posted by Heron's Nest at
7:07 AM
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