CasinoCityTimes.com

Home
Gaming Strategy
Featured Stories
News
Newsletter
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Author Home Author Archives Search Articles Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
Related News
Recent Articles
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.