Pennsylvania Casino Revenue Stagnates While iGaming Grows in October 2024

Pennsylvania Casino Revenue Stagnates While iGaming Grows in October 2024

By Michael Harrison

November 21, 2024 at 07:04 PM

Pennsylvania casinos saw minimal growth in October 2024, with total revenue reaching $274.5 million - a mere 0.2% increase year-over-year. Land-based operations generated $200.6 million from slots and $73.9 million from table games across the state's 17 casino properties.

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Recent industry developments include Cisco and MGM Resorts International announcing a major technology partnership, granting MGM access to advanced systems and solutions.

Hard Rock Bristol has launched its $515 million permanent resort in Virginia, marking the state's second full-scale casino. Meanwhile, Caesars Virginia plans to open next month, featuring a WSOP poker room among its amenities.

A significant development occurred in Arkansas, where voters repealed the Pope County casino license through an Election Day referendum. In Virginia, Cordish Companies finally established their presence through Petersburg operations.

Internationally, analysts suggest Thailand's potential casino market could surpass Singapore's, while Wynn's UAE casino project might catalyze the world's fourth-largest gaming market.

The Las Vegas market faces challenges in Q4 GGR due to tough year-over-year comparisons, while Reno sees development opportunities with a casino owner requesting city assistance for sports arena construction.

Market changes continue as Live! Casinos enhances its rewards program, expanding loyalty offerings for high-value patrons. Additionally, Iowa's casino landscape faces competition as an existing operator petitions to disqualify a new Cedar Rapids resort bid.

In New Jersey, political pressure mounts as another prominent Republican joins calls for casino smoking bans, while Long Island advances its casino plans with an upcoming environmental review release.

These developments reflect the dynamic nature of the commercial gaming industry, with both domestic and international markets experiencing significant shifts in regulation, development, and operational strategies.

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