Connect with us

Industry News

PA Casino Slot Machine Revenue Up 0.5% in September

Published

on

PA Casino Slot Machine Revenue Up 0.5% in SeptemberReading Time: 2 minutes

 

The Pennsylvania Gaming Control Board posted on its web site today the monthly report for total revenue generated from the play of slot machines at casinos during September 2018.

According to the report, September’s gross revenue from slot machines at the 12 casinos was $196,209,618, a 0.5% increase in revenue when compared to the $195,396,966 generated in September 2017. Tax revenue in September of this year was $102,279,882*.

The average number of slot machines operating on a daily basis was 25,471 during September 2018 compared to 25,971 at the casinos in September 2017.

Gross slot machine revenue for each of the casinos is as follows, with the percentage change reflected over the previous year:

Casino

September 2018

September 2017

% Change

Parx Casino

$33,908,479.27

$32,393,680.20

4.68%

Sands Casino Resort Bethlehem

$24,210,274.55

$24,818,351.87

-2.45%

Rivers Casino

$22,995,461.20

$22,535,898.56

2.04%

The Meadows Casino

$17,655,715.43

$17,702,778.30

-0.27%

Hollywood Casino at Penn National Race Course

$16,817,133.42

$17,458,498.50

-3.67%

Harrah’s Philadelphia Casino

$16,480,551.81

$16,390,263.11

0.55%

Mohegan Sun Pocono

$16,192,546.58

$16,745,265.96

-3.30%

SugarHouse Casino

$14,923,607.78

$14,646,981.45

1.89%

Mount Airy Casino Resort

$13,212,114.86

$13,444,724.33

-1.73%

Presque Isle Downs and Casino

$9,901,520.18

$9,966,285.78

-0.65%

Valley Forge Casino Resort

$7,386,452.28

$6,742,058.26

9.56%

Lady Luck Casino Nemacolin

$2,525,760.54

$2,552,179.71

-1.04%

Statewide Total

$196,209,617.90

$195,396,966.03

0.42%

 

*Tax revenue figures reflect amount generated prior to any adjustments by the PA Department of Revenue

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, along with oversight of new gaming initiatives created through amendments to the Race Horse Development and Gaming Act recently approved by the signing of Act 42 of 2017.

The Commonwealth’s casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ 17,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvania homeowners.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

Source: Pennsylvania Gaming Control Board

Source: Latest News at European Gaming Media

Continue Reading

Industry News

Chief Information Security Officer Joins Continent 8

Published

on

By

Chief Information Security Officer Joins Continent 8Reading Time: 2 minutes

 

Continent 8 Technologies, the award-winning, multi-jurisdictional global network and cloud infrastructure solutions provider, today announced that Brian Borysewich has joined Continent 8 as Chief Information Security Officer (CISO). Brian will bring four decades of experience in the industry to Continent 8’s Cyber security, network operations, and compliance teams.

Brian is a seasoned cyber security professional and has served in many roles from systems security administrator to the C-level suite. He has empowered Fortune 50 companies to secure their environments, has held leadership roles at both eBay and PayPal at their respective headquarters in Silicon Valley USA, as the principal cybersecurity architect.

Brian’s experience includes over 15 years within the United States government intelligence agencies. He is a former Black Hat and Anonymous hacker who has since used his experience to provide companies, governments, and educational institutions with methods and techniques to protect valuable assets and data. He has been a keynote speaker and mentor at various security conferences and panels.

“As a global leader that protects some of the world’s most valuable information, we take data security seriously,” said Michael Tobin, CEO of Continent 8. “Brian has been globally recognized as a cyber security practice leader. His accomplishments and leadership have helped companies and governments around the world protect both brand and financial resources. I look forward to working with him in these challenging, but exciting times, as businesses and nations enter ever increasing Cyber security attacks in size and velocity.”

Additionally, Brian has extensive expertise in iGaming, which will assist Continent 8 in serving its wide range of clients in that industry. A pioneer in early online gaming, he provided gaming site technology as early as 1995, when the first customers bet before the flurry of regulation. He served for four years as IGT’s Global Operations Solutions Delivery Architect and Manager.

Brian’s arrival supports the company-wide dedication to security that strives to keep client data safe, secure, and private across the global network and public cloud infrastructure on a regional, national, and global level.

Continent 8 is an award-winning, multi-jurisdictional global Cloud infrastructure solutions provider that connects, manages, and secures the world’s most valuable information. Its advanced data centers and high-quality networks support critical online operations in both private and public-sector organizations in over 50 locations across Europe, Asia, and the Americas.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Chief Information Security Officer Joins Continent 8

Continue Reading

Industry News

Greece to Raise Tax Rates on Online Gambling

Published

on

By

Greece to Raise Tax Rates on Online GamblingReading Time: 1 minute

 

The Ministry of Development in Greece has introduced a new proposal, which raises the costs for online gambling operations.

Permits for iGaming operations will cost €3 million (sports betting) or €2 million (online casino and poker). Greece demands online gambling licensees to pay a 35% tax on their gross gaming revenue.

Greece is soon to feature a casino resort. Two operators have already bid for the construction and operation of the facility.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Greece to Raise Tax Rates on Online Gambling

Continue Reading

Industry News

Veikkaus Appoints New Supervisory Board Members

Published

on

By

Veikkaus Appoints New Supervisory Board MembersReading Time: 1 minute

 

Veikkaus, the gambling monopoly in Finland, has appointed new supervisory board members to amplify and raise the responsible gambling standards.

There are a total of 28 members on the board. 13 members are representatives of various political parties and 13 representatives of Veikkaus’ stakeholders. There are two representatives from Veikkaus’ employees. The board would be led by chair Jukka Gustafsson and vice-chair Jani Mäkelä.

The first six months of 2019 have not been great for the state-run Finnish Gambling monopoly Veikkaus. In its financial report, Veikkaus has posted a 6% decline in overall turnover during the first six months of 2019.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Veikkaus Appoints New Supervisory Board Members

Continue Reading
Advertisement
NSoft

Trending