Wednesday, July 14, 2010

Table games off and running... we think

So table games got off to a (reportedly) big start here last week.

How big?  Well, we just don't know.  The Pennsylvania Gaming Control Board has been pretty good about disclosing the performance of slots at each of the casinos open in Pennsylvania.  You can check out the current and historical data online here.  Would be nice if they made that data available in a more convenient way to parse, but I won't quibble.

Data for the latest week (July 5-11) is out and you would think we would have our first look at how table games impacted the gross revenues at the casinos here and elsewhere.  The data being disclosed looks to be the same slots-only data at this point. So for now we just don't quite know what the first few days of table games revenues look like. Am I missing something or is it one of those things that make you go hmm.

Hmm some more.  Just looking at slots then and the side impacts of this reported big opening.  Below is the updated graph I have for how the local casinos are doing.   One is that they continue to split nearly evenly their revenues.   So in the last week Rivers brought in $70.2 million while the Meadows brought in $70.5 million.  For each there was a bump up from the previous weeks total wagers of $63.6 and $65.5 million respectively.   A big jump of 7-10% could be a sign that table games will have a positive impact on slots revenues..... or maybe not.  There is this issue that July 5-11 includes the holiday Monday of the July 4th weekend which has to have been much more lucrative than a typical slow Monday.  So we will see where this all goes.


Anonymous BrianTH said...

My understanding is the revenue data from the machines is more or less automated and therefore available virtually in real time, whereas the revenue data from the tables requires some human tabulation and therefore will be available less often and at a lag.

Anecdotally, while both places claim to be pleased with turnout, it seems the tables at Rivers were more consistently busy, often with waiting lists. That is consistent with the slots data (Rivers showing a bigger percentage increase), but we shall see.

Finally, apparently the casino experts are quite confident table games will have some positive effect on slots revenues. The magnitude remains to be seen, but they seem to be suggesting this is a well-confirmed observation in the casino world.

Wednesday, July 14, 2010 11:09:00 AM  

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