The Pennsylvanian Gaming Revenues FoundationThere is an increasing amount of evidence the Pennsylvania gaming industry has stopped growing, short of some sort of change. What change the legislature will make in their ongoing talks with regards to an comprehensive gambling package, which could include online gambling, will help to pave the way forward to the future of existing casinos.
What’s happening in PA casinosThe industry, appears to have plateaued. Currently the PA casinos are facing: Currently there is six straight months of declining slot revenue, that has been offset, to a certain extent, by table games. However, the drop year-over-year numbers for slots games has to be a concern as the start of a larger trend. With many variables at play Pennsylvania it is not limited to:
- The possibility of new gaming licenses/casinos in the commonwealth coming to pass.
- An increase in regional competitions in New York, Maryland and New Jersey.
- Concerns over rectifying the local share tax that was struck down by the state’s Supreme Court.
- The largest variable, well be what the state legislature does about changing their gambling laws over the short term.