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Gaming Guru

Amanda Finnegan
 

Revenue slips at Las Vegas Sands' Pa. casino

6 July 2009

LAS VEGAS, Nevada -- Revenue at Las Vegas Sands' newest casino has dropped for a fifth straight week, according to a report this week by the Pennsylvania Gaming Control Board.

Sands Bethlehem brought in $4.18 million in its fifth week, making it the fifth busiest casino in Pennsylvania.

The casino grossed $4.79 million in its first three days and $5.9 million in its first full-week of business, May 25 to May 31. But after its premier week, revenue has continued to slip.

Sands Bethlehem reported gross terminal revenues -- earnings after winners are paid -- of $5.02 million from June 1 to June 7, $4.97 million from June 8 to June 14 and $4.62 million from June 15 to June 21, according to the Pennsylvania Gaming Control Board's weekly reports.

Las Vegas Sands could not be reached for comment.

The $743 million Sands Bethlehem opened on May 22 with 3,000 slot machines and four restaurants to a crowd of more than 20,000 people. Located about an hour from Philadelphia and northern New Jersey suburbs and an hour and a half from New York City, the casino is expected to draw more than 5 million annually.