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Make More Than Estimated
It seems that the reports for the amount of money that Presque Isle Downs
and Casino was supposed to bring into the state may have not been
accurate. It seems that the slots casino is actually bringing in much
more than was originally estimated, and now their officials are trying to
figure out where to go from here.
They think that if they can mess with their system a little bit they
might be able to bring in even more income than they are already showing.
The slots casino is bringing in more than $163 million, and estimates had
it at somewhere between $130 and $140 million.
Most of the slots casinos in Pennsylvania are predicted to make somewhere
around $200+ million, and with 55% of that going to the state, it is no
wonder that they are hoping for even more of a revenue stream. The amount
of money that it is bringing in however, is less than the state average.
The almost 2,000 slots are bringing in about $268 per day, while those at
the Meadows Racetrack and Casino are bringing in about $306 a day.
Statewide the average per slots game is around $281. This has not
dissuaded the owners and operators however, as they feel that there is
even more money to be made there, even though they are exceeding
expectations already.
The slots casino says that they are going to work toward a better second
year than their first. They had to lay off hundreds of employees last
year as they could not support them, but with an expanded thoroughbred
racing schedule this year they expect to be able to stay open and not go
through the layoffs that they did last year.
Back to March 2008 Archive.
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