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Pennsylvania Slot Revenue Increasing

11/4/09 - The Pennsylvania Gaming Control Board released some startling statistics this week, revealing that the nine land casinos in the state had delivered a 31.97 percent increase in gross gaming revenues over the same period in 2008.

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For the month of October 2009, the nine operating casinos generated $177 111 933 in gross revenue (Oct. 2008: $134 203 554.37) thanks to increased business and an additional two casinos.
 
The consequent growth in tax collections of $97 411 563 resulted in $23 599 608 being returned to Commonwealth citizens than those of last October.  Pennsylvania's tax rate is 55 percent of gross revenue.
 
In a measurement of just the seven casinos in operation this October that were also in operation last year, revenue was up 6.23 percent, the news agency Reuters reported in analysing the latest numbers.
 
The average daily number of slot machines in operation in Pennsylvania was 16 833 in October 2008 and 24 712 in October 2009.
 
Gaming Control Board Chair Greg Fajt said that while tax revenue is certainly assisting Pennsylvanians statewide in obtaining a property tax reduction averaging nearly $200 and saving the horse racing industry, slot machine-generated revenue is also reaching into the local communities that host or are neighbours to casinos.
 
"In the first three years of legalised gaming, $221 124 306 has already been distributed to local governments and counties from the play of slot machines at facilities that operate in or near their jurisdiction," Fajt says.  "This is new money coming into these communities to fund a myriad of projects that improve safety and transportation, create or retain jobs, and enhance the quality of life."

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Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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