The Times Herald (Norristown, PA)
Internet gaming boosts Penn National
Penn National Gaming’s Hollywood Casino at Penn National had a good February, according to figures released by the Pennsylvania Gaming Control Board.
The casino in Dauphin County, owned by the Wyomissing-based gaming company, had total revenue of $41.8 million for the month, an increase of 82% when compared to February 2020.
For all 12 casinos that were operating a year ago, just before the conoravirus pandemic temporarily shut down operations, the total revenue of $301.9 million was down 0.78% over the year. The PGCB said tax revenue for February was $122.8 million.
Broken down, Hollywood Casino raked in most of its revenue for the month from internet gaming, which was $27.9 million. Slots revenue was $12.5 million and table games accounted for $2.2 million. The only negative came from sports wagering, where the casino lost $872,228.
The Hollywood Casino Morgantown, which has opened its online sportsbook months before the brick-and-mortar casino in Caernarvon Township is to be completed, made a profit of $198,763. BetMGM was given permission to enter Pennsylvania last fall and unveiled its partnership with Hollywood Casino Morgantown in December after PGCB approval.
Penn National’s other Pennsylvania property, The Meadows Casino in Washington County, had total revenue of $14.3 million in February, a drop of 26% from the same month of 2020. Most of that revenue came from slots at $9.7 million, with the sportsbook bringing in $3 million and table games $1.5 million. Among other regional casinos: • Parx Casino, Bensalem, Bucks County, had the highest revenue in the state at $47 million, which was a 18.8% drop from the previous year. Slots revenue was $26.9 million and tables games were at $13.9 million.
•Rivers Casino Philadelphia had revenue of $32.9 million, about 6% less than last year. IGaming
brought in most of the revenue at about $18 million, while slots were at $7.3 million.
•Valley Forge Casino, King of Prussia, Montgomery County, had revenue of $31.5 million, a yearover-year improvement of 66%. About half of that came from its IGaming
platform with revenue of $15.5 million. By comparison, slots brought in $5.8 million. Another bright spot was sports wagering, which had revenue of $7.5 million.
• Wind Creek, Bethlehem, had revenue of $26.6 million, a drop of 29.3% over the year. It did well with slots, which accounted for $16.1 million, and table games which brought in $9.9 million.
• Live! Casino Philadelphia, which was in its second month of operation, raked in $16.2 million, mostly from slots.
• Harrah’s Philadelphia, Chester, had revenue of $14.8 million, a drop of 32% from February 2020. The bulk of that figure came from slots, which brought in $9.4 million.
Video gaming terminals had total adjusted revenue of $2.5 million, according to the PGCB. The majority of that was from Marquee by Penn, owned by Penn National Gaming, which had gross revenue of $1.9 million.