.

Sands Table Games Revenue Drops in September

Casino took in $2 million less at tables than August, but $3.8 million more than September 2010.

Table games revenue at the dropped by more than $2 million in September as compared to August, a 19-percent decline, according to final monthly figures released today by the Pennsylvania Gaming Control Board.

The gross intake from 129 tables took in nearly $8.7 million in September, as opposed to the $10.7 million the Sands’ tables took in during August, which is a monthly record for a Pennsylvania casino.

Sands table games netted $1.2 million in state taxes and $173,930 for local tax beneficiaries.

Overall, table games in Pennsylvania grossed nearly $51.4 million in revenue in September at 10 casinos hosting 930 tables. That meant a total of $8.3 million in tax revenue, according to the gaming control board.

The Sands also relinquished its spot as the top tables earner for the state to the Parx Casino in Bensalem, which grossed $9.5 million in September. August was the first time the Sands had overtaken the Parx, which has 51 more tables than the Sands.

Despite the August to September decline, table games revenue at the Sands was up $3.8 million over September 2010, a 44-percent increase. The casino has also added 40 more tables since September 2010.

Sands slots machines took in nearly $334 million in wagers during September, grossing nearly $22.7 million in casino revenue and netting $7.7 million in state tax revenue and more than $900,000 in local share taxes. The numbers are up slightly from August and were about an average earning month for slots at the Sands.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something