Booming Pennsylvania Casinos Smash
According to the latest data of Pennsylvania casinos Smash is a record for earnings among US casino for 2016. Over the past year overall revenue topping $ 3.2 billion.
The main income brought table games, particularly at the Sands Bethlehem. But revenues from the slots remain stable for seven years and up $ 853 million.
As practice shows, many young gamblers abandoned the slots and prefer table games. But casino industry hopes to solve this imbalance through greater implementation of game-slot hybrids.
Sands took the lion’s share of the loot; its $230 million accounted for over a quarter of all table revenues across the sector and broke its previous record, set a year earlier, by seven percent.
“I think the rules also in Pennsylvania for many games, including blackjack, have shown to be favorable toward players,”
said Gaming Control Board spokesman Doug Harbach.
“And because of that, I think we’re getting good numbers of people staying in Pennsylvania, coming to Pennsylvania and playing the tables.”
In related news, the Pennsylvania Supreme Court has given state lawmakers four months to find a solution to a revenue-sharing problem between casinos and their host communities.
In September, the court ruled that tax laws governing the revenue share agreements were unconstitutional because they treated casinos unequally.
The judgement left communities without crucial revenues, and an eventual solution could have important implications not just for the casinos and their local communities but also for the push to legalize online gambling in the state.
There is strong legislative support for fixing all of the state’s gambling issues with one omnibus bill that could include online gambling casino regulation.