On Monday, February 4, the Pennsylvania Gaming Control Board posted on its website the January monthly report for the total revenue accrued from slot machines at the state’s licensed casino operators. Fortunately, the slot machines have continued to show year over year growth and the last month was no exception as we got to see […]
Legal and regulated sports betting in Pennsylvania went live a little over two weeks ago. This is probably too short a time to effectively analyze the future of the industry in the state but, nonetheless, the revenue statistics are quite interesting. On Tuesday, December 18, the Pennsylvania Gaming Control Board reported that sports bettors wagered […]
A recent report has revealed that the Keystone State gas netted a little over $1 million each day since the state’s lawmakers passed a law to expand gambling in the region in October 2017. Gambling in the state has injected over $385 million into its coffers, surpassing initial budget estimates. The gambling expansion bill that […]
Last Wednesday, Cordish Cos., a Maryland-based casino operator announced that it is taking complete ownership of the project developer of Philly Live! Hotel & Casino, Stadium Casino LLC. This move is a pretty huge shakeup for the long-delayed Philly Live! Hotel & Casino projects as now Greenwood Gaming & Entertainment Inc. has been officially bought […]
The Pennsylvania Gaming Control has just released the October revenue numbers for the gambling industry and it does not look so good – there has been a significant drop in the earnings recorded for table games and slot machines. While this is certainly not a sign that the state is headed downhill as far as […]
After months of delays, legal tussles, and other setbacks, the Keystone State has finally set a launch date for its highly anticipated sports betting industry. At the forefront of the race to capitalize on the state’s sports betting market is Pittsburgh-based Rivers Casino which will hopefully take its very first sports wager on December 1 […]
Since the U.S. Supreme Court lifted the federal ban on sports betting, a number of states have been enacting legislation with reasonable tax rates on the sports betting revenue, which has been a great factor in the growth of the industry. Unfortunately, Pennsylvania has lagged behind in this regard thanks to a wave of criticism […]
The Pennsylvania Gaming Control Board on Tuesday, October 16 released a revenue report that showed that the state’s 12 licensed casino operators have won a total of $268.5 million in September, which was a rather surprising year-over-year decline over the same period last year. Now, the state, which is already preparing to kick off its […]
Boyd Gaming recently completed its acquisition of Valley Forge Casino Resort, nearly nine months after it officially begun the process. With the newly acquired property, Boyd which was founded in 1975 now boasts of 25 casino properties across eight states: Pennsylvania, Nevada, Louisiana, Indiana, Illinois, Iowa, Mississippi, and Kansas. Valley Forge Casino Resorts, an operation […]
Renowned online gambling company, The Stars Group has reported a 23 percent year-on-year increase in its revenue during the first quarter of this year. Issuing its first trading update of the year, the company reported group revenues that summed up to $393 million – this surpassed the $317 million that it accrued during the same […]