• Posts Tagged ‘Pennsylvania’

    Gamblers Supporting Slots Parlors in Record Numbers

    Sunday, May 1st, 2011

    Pennsylvania is a state that has a hefty slots campaign going on right now. The slots market in the state is growing considerably though. If you look at where the market was just a few years ago, you can easily see how much it has developed. In the world of slots gaming there are millions of games working in the US. Legislators love the games because of how much they have to offer. If you go to a good slots parlor, you are going to find plenty of games to enjoy. There are games from the small three-reel games to the standard video slots. You can find progressives to the bonus slots. They are games that come with a huge benefit for the gambling world. Not only are gamblers completely engrossed by the games, but casino operators are equally as enthralled with them. The reason of course is because of the tremendous money-generating capability the games have. Pennsylvania is a state that has ten casinos operating within it. Each one is bringing in record numbers right now. The state brought in over $8-million in tax revenue dollars thanks to those casinos in March alone. In total, the casinos brought in over $50-million to the economy. This means that the state’s legislators are excited about the future of gambling and what the possibilities are for them. They are increasing their pushes for gambling and looking to future development too.

    Casino operators are well aware of the possibilities they have right now thanks to the slot machines. Pennsylvania lawmakers already are planning for two new casinos to be put into place by the end of the year. The state is also making a play for the gambling capital of the US, or at minimum in the eastern area of the world. Since Atlantic City has taken a fall from grace and its market is no longer what it used to be. This is leaving the market wide open for a new leader and neighboring states to New Jersey are making a move to fill the spot. Pennsylvania is in as good a position as ever to take over and if their current state is any indication, they just might do it.

    PA Increasing its Slots Market

    Tuesday, April 26th, 2011

    One thing that is bringing in millions of dollars are the slots. No matter where the games are put, they are performing well for their owners. Just consider that a recent survey done by Las Vegas casino operators showed that the slots are bringing in over sixty-percent of their overall revenue on the gambling floor. This was a huge surprise to the city because it was formerly thought that the table games were the big money makers. Little did they know that it was the unassuming slots that were taking the market by storm. Now that it is common knowledge what the slots are doing, more and more developers are putting their money into building up the games to perform more than ever for them. If you look at states in the US right now, they are pushing too for more games to bring in tax revenue dollars needed. The states are coming together in that common goal of expanding their revenue streams thanks to slots games. Pennsylvania officials are looking to do just that now that they are convinved that the games are money makers. So far the games have been used to bring millions of dollars successfully. Considering that the state is under the same financial stressors that the rest of the US is under, this is a time when there are plenty of reasons to look into gambling as a means of revenue generating.

    The increase though in legal gaming opens the door for illegal activities. One state after another is noting this…they are seeing just how tempting it is for criminals to try to get a piece of their own pie in terms of the revenue coming in from the games. They know how much money is involved with slots and want their part of it. PA officials are coming down on criminals, but not soon enough. There is more illegal activity for the state to deal with- just like anti- gambling activists once said. They believed that they could come up with proper regulation, but that has yet to happen. There are still growing number of criminals who think they can get the better of the system.

    PA Approves Valley Forge Convention Center for Slots

    Monday, March 28th, 2011

    The power of slots gambling is at it again. This time it is Pennsylvania legislators that are debating the issue out. In the past few months they have been weighing out the issues to come up with what will work the best for the market. it is no secret that slots are powerful little games. Though they started out very unassumingly, legislators and casino operators know different now. They understand the virtues of slots. Not only do they bringing millions of dollars, but they are consistent money makers. Other games can bring in huge revenue now and then, but slots perform consistently around the clock for casinos. This means that they are gaining steam and coming up with even more revenue for states. It is one of those things that legislators cannot discount or ignore anymore too. They understand that the games are some of the most popular in the market right now and realize that they should be utilizing them. This is why state legislators are opening up the door for slots gambling to be brought in. just look at the US states right now- most are in hefty debates over the issue or have already incorporated the games to their own benefits. They know the power of the slots and how much money they can bring in on a regular basis. Pennsylvanian officials are now looking to the games to boost their own revenue streams. The Gaming Control Board is ruling that slots and other table games can enter the state now.

    The state ruled now that the Valley Forge Convention Center is going to be the location that allows the games in. It won the ruling three-to-two thanks to legislators for the board. The casino now has a license that allows them to bring in game and see what they are going to do in terms of revenue. There are some issues though- Greenwood Gaming another gambling facility, is not happy. This facility’s owners believe that bringing slots to Valley Forge Convention Center will infringe on their own slots revenue and split up the market. This is a definite possibility since the market is not growing- just the number of places where that market can play slots games.

    Three Great Slots Parlors of PA- Part 2

    Tuesday, January 25th, 2011

    • Mohegan Sun at Pocono Downs. This is a casino that has a great reputation and is building up Pennsylvania’s overall gambling appeal. It was the state’s first casino and that means it has a lot of time to build up a great reputation for gaming. It is one of the six different racino locations. Racinos of course are a hybrid between slot parlors and race tracks. They interesting blending of the two is bringing more and more gamers into their floors. It means that they have that much more they can have fun with. The location’s horse racing season goes from March throughout mid-November and boasts a $6-million purse Breeder’s Crown at the end. This is a casino that knows how to showcase all it has. There of course is a venue that holds 4,000 people for live entertainment and a gaming floor that has over 2,500 slots, 66 gaming tables and an 18-seat poker table. This casino is one of the best and if you are in the area you definitely should pull some of the reels here. You are going to have a lot of fun with the Mohegan Sun.
    • Sands Casino resort Bethlehem. This is another casino that has been around for a while and has made good use of that time. Right now the casino boasts over 3,000 slots games and seventy-five different gaming tables. This is another casino that has strong ties to Emeril Lagasse and his brand. There are popular dining facilities here that you can take advantage of here while you are there. It is attached to a hotel with three-hundred rooms and you can take advantage of the Arts Quest Center and live performances scheduled throughout the year. You are going to have a great time here with all the fine arts possibilities too, so give yourself adequate time to explore them all during your stay.

    Pennsylvania is showing clear signs of knowing how to expand their gaming to the public. No longer are Las Vegas and Atlantic City the main locations in the US that are capitalizing on great gaming. Now Philadelphia is making a position for the top honors in gaming.

    Three Great Slots Parlors of PA- Part 1

    Tuesday, January 25th, 2011

    If you are in Pennsylvania finding a good gaming facility is not as hard as you may think. Out of the blue Pennsylvania has become a huge gambling Mecca. The state before had no particular reputation for gambling, so that is why it is such a surprise for them to come up with one now. Still, in the world of gaming today there are a lot of upsets. It was thought that Atlantic City and Las Vegas would never lose their thrones as top gambling centers in the world, but they are in precarious positions right now. Thanks to the recession, they are no longer holding onto their former titles for gambling greatness anymore. The cities in fact are having huge financial difficulties holding their own and gambling is something that they are worried about. In former years it was easy for them to generate revenue, but not isn’t that easy. Plus the competition they are getting from other US locations is stifling.

    Pennsylvania is definitely giving every other state in the US a run for their money. If you are in the state, you can see why. Legislators are coming up with huge options when it comes to slots gaming. Here are three locations where you can have a field day with wagering:
    • Mount Airy Casino and Resort. This is a casino that was built on the old location of the same name. It was completely revamped with the new building though. Developers knew that if they wanted to start from the ground up with construction, they better make it good…and that is exactly what they did. The casino boasts 2,500 different slots games and fifty table games. There are also fourteen poker rooms. There is a hotel attached with 188-rooms to it. One of the nicest things about the location is that it offers more than just slots gaming. You can find a full resort here with two special Emeril Lagasse restaurants, a variety of other outdoor activities to participate in for any gamer who wants a true vacation to take advantage of during their stay.

    Part two coming next.

    PA Race Tracks Show 25% Decline in Revenue

    Wednesday, January 19th, 2011

    PA racetracks have been suffering over the past few years with diminishing numbers. It is no secret that a lot of experts are officially labeling racing as a dying hobby. They see the declines in people going to race tracks and how detrimental to the entire market this is. One of the biggest draws that race tracks have had in the past is creating bigger purses for wins. Nothing was as exciting as bringing in an exciting race where bettors could take their shot at a huge purse at the end of the night. Race track owners built up to the purse too by creating smaller ones for the beginning of the night and saving the best for last. People loved watching their favorite horses rush the track to see who would win. Those big purses were what drew people in. Then something happened. Once the recession took hold, people stopped going to race tracks altogether though. They cut back on the activity and this put owners in difficult positions. Not only could they not afford their monthly costs, but they had no means to build the big purses that in the past had served them so well in the market.

    Pennsylvania officials are having problems reviving their own markets right now. The Gaming Control Board announced that its own horse track numbers declined by twenty-five percent in the past five years. This steady decline is possibly the worst news that the state could stomach right now. It isn’t easy to revive a market that sees a sharp decline in numbers, but when one is showing a steady decline over time, that may be even more difficult to remedy. The state isn’t giving up hope though. Right now they are taking on the same route that other states are. They are bringing slots to the race tracks and hoping that they can revive the market. In 2009, slots brought in $236-million in revenue to the state. This is what legislators are holding onto– hoping that once again the state can benefit from the games. They are considering increasing their numbers of games in the hopes of saving the racing industry.

    PA Keeps Bringing in the Numbers

    Sunday, December 26th, 2010

    If you have been wondering about the gambling industry and its revenues, rest assured it is doing great in some places. Sure locations like Atlantic City and Las Vegas are still down in revenue, but that doesn’t mean that every location is like that. Pennsylvania is a state that has embarked on a hefty gambling initiative over the past few months. In particular it is their slots parlors that have taken the local market by storm. If you want to see a market that is growing by the minute, then look at the PA slots market. The state’s Gaming Control Board just released their numbers. So far they have increased their slot machine revenue by over 8.4% since the past year. That means they brought in a total of just over $180-million for the month of November alone. Consider how much revenue that is going to be throughout the next few decades if they continue to perform at this level. It won’t take a lot to keep up the numbers– right now the market is ripe for more games and showing no signs of slowing down. Even if it does slow down a bit, that still leaves a great growth market. It may not grow as quickly as the operators would like, but it still is going to continue to grow.

    The state of Pennsylvania is posing a big issue for neighboring states though. Other states in the northeast are worried about their new competition. They have their own ways of managing but they are not proving to be as effective as the methods that PA has obviously employed. So the other state representatives are now worried- will they be able to compete? PA is doing something right and bringing in huge numbers consistently, but what about the area? Gaming in the nation is shifting greatly and there are a lot of changes right now. When one area makes the huge strides quickly that PA has, other competitors take notice. The question though is whether or not they will be able to rise to the occasion, or will they throw in the towel and let PA gaming continue to grow until it completely takes over?

    PA Announced Racetrack Numbers Down

    Sunday, December 5th, 2010

    Race tracks for the longest time now have been suffering due to diminishing numbers. More and more race tracks are closing and the ones that are remaining viable, are having a hard time sustaining themselves. The hard fact is that people stopped wagering when the recession first happened. They were concerned with their own finances and making their monthly bills, rather than spending money at the local casinos. This included race tracks and track owners saw their numbers declining in huge ways. In fact, a few race tracks posted immediate declines of up to 70% in revenue over a 60-day period. It seemed almost immediate that the declines in gambling numbers went down for track owners. The Pennsylvania Gaming Control Board announced that race track numbers in the state are down by 25% since 2007. This is a sign of the market and how big of a hit it took due to the recession. Part of the problem is the rise in competition. There are other race tracks in neighboring states.

    The one saving grace that many race track owners are finding are slot machines. The games are lucrative and games are varied in design. The biggest asset it brings to race tracks is that it offers another way for casino owners to attract new customers. They don’t have to rely just on races to advertise. In addition, slots bring in millions of dollars. Those millions are being used to sustain race tracks and to build up better purses. This is one of the goals that many racetracks have not been able to create—good purses. Due to the diminished gaming numbers, owners have had to cut back on races and cut back on the payouts. Everything about races has been slimmed down. However if the race parks can find the slots to bring in numbers, they can use that to build up a better overall business plan. It will take time for race tracks to turn around, but there are good signs in the market. Slots are remaining steady with bringing in customers and that could be the one thing that race tracks are going to need to turn their economies around.

    PA Finally Sees Growth Market

    Saturday, October 30th, 2010

    There is a lot of bad news in the market and most of it is the result of the recession. It hampered the market and businesses everywhere. For this reason markets are looking for some good news and some change in the market. It seems that Pennsylvania is the latest state to find some relief. One thing that states are doing every month is looking at their gambling numbers. For a long time now, numbers have been down since the same time last year. In fact, some states are down as much as 12% from their revenues the same time last year. This is bad news because it was thought that gaming would be a sure-fire turnaround for states but that isn’t the case. Though states have hefty gambling plans, they aren’t necessarily in the clear. They are still seeing fewer people coming into their casinos and that is putting a pinch on all gaming revenue for states.

    So where is the good news? It seems that Pennsylvania has some good news finally. The state just announced that this past September was a great month for them in terms of income. Slots gambling brought an increase of 7.8% to the market. At any time in the market that would be good news, but after the hard-hitting recession, that is even more poignant a growth rate. Operators are hoping that gambling’s elevated revenue stream this past month is a sign of good things to come for the market as a whole. Whether or not that is true has yet to be seen though. It would be nice if this is the start of something big and people are once again returning to their casinos gambling habits like they once did in years before. Of course that has yet to be proven. Experts are closely watching the numbers though and hoping that this is a sign of a change. Only time will tell what happens. If the next month’s revenue stream is the same, it may mean that this rise in the market of gambling revenue is here to stay. If it is not, then it could take longer for the market to return to its older numbers for success.

    PA Gaming Board Posts Positive Revenues

    Thursday, October 21st, 2010

    The numbers are all over the board in terms of revenue when it comes to slot parlors. Gamers everywhere are revisiting casinos in the numbers they used to. It isn’t consistent, but it is a good high here and there. traffic at slots parlors is up and that is great news for the markets seeing increases.

    Pennsylvania is a state that recently posted positive numbers for the month of September. The state’s Gaming Control Board announced that their slots gambling numbers are so far up that they are seeing a rise of 7.8% in revenue. This is a huge number for a market that has long been suffering with diminished numbers. There are ten casinos open in the state and they are all performing well. This could be the turning point that allows the state to start working on its own deficits and shortfalls in budget. The recession left every state suffering financially and there are few options other than gambling that could potentially turn things around as readily as rises in gambling numbers.
    In September slot machines brought just over $186,300 in year-to-date revenue, as opposed to last year’s $172,850 total. Of course one more casino was added to the mix this year, but even by deleting that one casino’s revenues for the year, the numbers are still up by 5.1%. This could mean that the market is on its way to a turnaround for the state but no one wants to count it as a surefire turnaround just yet. Legislators are happy but still cautious about the numbers. They realize that to truly reinvigorate the market, they are going to have to see a month to month consistent increase in revenues. This may take a while, but if they can show small growth spurts like this one, it could mean that they are on the verge of a complete revival that much sooner. Casinos for their part are going to continue to build specials and bonuses that gamers love. They are pushing their markets to the brink of growth by working with gamers and hoping for the best. Over time they should be able to spur enough consistent customers to bring on a full-fledged turnaround of the industry.