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For the second consecutive month, table game revenue grew by double digits. After 11 percent growth in August, September saw a 10-percent spike.
More importantly, slot revenue rose for the first time in 12 months. Overall, the industry underwent nearly four percent growth for the month.
Here’s a look at the top line September numbers:
As mentioned, September saw Pennsylvania’s 11-month run of declining slot revenue come to an end. The question now is this: Is September an outlier, or is this the start of a new trend for Pennsylvania’s casinos? It may be the latter, considering slot revenue was only down 0.39 percent in August.
*Accounting for the leap year in 2016, the normalized numbers in February have slot revenue down just 0.5 percent YoY.
Because of the strong industry-wide numbers, it should come as no surprise that ten of Pennsylvania’s 12 casinos posted YoY revenue increases in September.
Somewhat surprisingly, not a single casino posted a YoY gain of more than 8.69 percent.
For the third consecutive month, Mount Airy led the way:
Only two Pennsylvania casinos saw total gaming revenue fall in September:
Parx lost its monthly battle with Sands, a battle it’s been dominating for more than a year. It passed the title of the top revenue-generating casino in Pennsylvania to its rival, but only by the slimmest of margins.
That margin, $58,850, is just 0.1 percent of Parx’s total September revenue.
As noted above, Sands reclaimed the top spot from Parx in September on the back of a terrific month at the casino’s copious table games.
Sands’ table game revenue is approaching its slot revenue totals.
Rivers had the second-best month of any Pennsylvania casino, with total casino revenue growing by more than eight percent.
SugarHouse has cemented itself as the clear No. 4 casino in the Pennsylvania market, behind frontrunners Parx and Sands, and third-place casino Rivers. (Rivers is SugarHouse’s sister casino, both owned by Rush Street Gaming.)
Continued gains on the table game side of the ledger have allowed the Philadelphia-based casino to separate itself from a tightly bunched group comprising Harrah’s, Mohegan Sun, Hollywood Casino, and Meadows.
Harrah’s offset a slight decline in slot revenue with strong gains at its tables in September.
After some lackluster months, Hollywood righted the ship in September. Strong slot revenue more than offset its drop in table game revenue. The end result was a three percent increase in total gaming revenue.
Over the past four months, Meadows’ table game revenue has grown by 20 percent, 40 percent, 117 percent, and 20 percent.
Once heavily reliant on slot handle, Meadows is starting to morph into something of a dual threat in the market.
Mohegan’s slot revenue was down nearly 6.5 percent in September.
Not even double-digit growth from its table games could overcome the slot decline and keep the casino out of the red. For the month, total casino revenue was down 3.5 percent.
For the third consecutive month, Mount Airy led the way in year-over-year growth.
Mount Airy is now nipping on the heels of the mid-pack casinos mentioned above: Meadows, Harrah’s, Mohegan Sun and Hollywood.
Presque Isle was one of two casinos to post year-over-year losses for the month. But unlike Mohegan Sun, where declining slot revenue was the culprit, it was a near 30 percent drop in table game revenue that did in Presque Isle.
It was a good month for Valley Forge, as the Category 3 casino posted solid gains on both fronts.
The state’s smallest casino posted some really big gains in September.
A 42 percent increase in table game revenue boosted Lady Luck’s bottom line by more than 6.5 percent.