Monday, August 02, 2010

Random afternoon news

NYT has some casino musing from eastern Pennsylvania: Fighting for Gamblers, a Poconos Casino Is Updated.   What I still wonder is how our local casinso have been doing with revenues from table games.  It was certainly a lot of hype when table games got started, but as yet no reporting of hard numbers.  Am I the only one curious about that?

Unrelated to that obviously... more like the opposite of that.... From out east as well is this in the Morning Call: Nonprofits could lose tax-exempt status.  I just wonder if there is any local version of that story here.  We have a lot of nonprofits.  Maybe we just have more accountants to prevent any problems?

and to complete the random trifecta... We're halfway between the May primaries and the general election give or take.  Quick and without asking Mr. Google, can you yet name either of the candidates for Lt. Governor here in Pennsylvania.  John Baer of the Inky has a look: They're running for lieutenant governor


Anonymous BrianTH said...

According to this article . . .

. . . Just how much table-gaming revenue was generated at each of the three casinos was difficult to gauge, because those numbers won't be available for a while.

"Unlike slots, in which each machine communicates revenue figures to a Central Control Computer System and enables a daily calculation of taxes due, revenue from table games must be manually counted, with a monthly report submitted to the Department of Revenue," said Doug Harbach, a spokesman for the state gaming board.

I assume the first monthly report will soon be forthcoming.

Monday, August 02, 2010 5:38:00 PM  
Blogger C. Briem said...

I'll bet real money they count their money pretty quickly.

Monday, August 02, 2010 7:10:00 PM  
Anonymous MH said...

I bet they keep a running tally for each table. At least for blackjack, the eye in the ceiling knows all. With the dealers being so green, it is very obvious how every movement is designed to ensure all is seen.

Monday, August 02, 2010 8:26:00 PM  
Blogger fester said...

I'm interested too :)

I need to spend some time next week doing a year 1 retrospective casino revenue post.

Monday, August 02, 2010 8:45:00 PM  
Anonymous BrianTH said...

Oh yeah, I'm sure someone knows the score every night. But for whatever reason, it looks like the state agreed in advance to accept monthly reports.

Monday, August 02, 2010 9:56:00 PM  
Anonymous BrianTH said...

Speak of the devil, here is an article on the states' table games revenues in July:

It isn't necessarily looking good statewide, although as the article points out this was a partial month, so who knows. Unfortunately, there is no total revenues by casino available yet, but apparently that may be coming later this month.

Tuesday, August 03, 2010 11:00:00 AM  
Blogger fester said...

Just doing a simple calculation based on # of casino days w/table games, and not looking at individual casino revenue, a full month of table games @ 10 casinos (only 9 this month, but 10 soon) at the July pace would only produce a little more than $3 million in state tax revenue instead of the anticipated $6 million dollars the state needs.

Tuesday, August 03, 2010 3:04:00 PM  
Anonymous Anonymous said...

Scott Conklin, for one.

Tuesday, August 03, 2010 4:52:00 PM  

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