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Mohegan Sun at Pocono Downs reports opening results

22 November 2006

PENNSYLVANIA – As reported by the Citizen's Voice: "Mohegan Sun at Pocono Downs officials can't really say if the numbers they're seeing out of Pennsylvania's first slots parlor are better or worse than expected.

"'We really didn't know what to expect as the first casino in the Commonwealth,' said Robert Soper, president and CEO of the facility.

"Still, financial figures coming out of the facility are eye-popping on a local level.

"Gamblers pumped $39.3 million into slot machines at the Mohegan Sun at Pocono Downs in just the first week of operation. They won back $35.3 million, as the machines have been paying out an average of 90 cents on every dollar waged.

"Of the $4.08 million left in the machines after all the winnings were paid out, the state has taken $1.4 million for property tax relief, $163,000 for local government, $204,000 for economic development and tourism, and roughly $490,000 for the state's horse racing industry, according to figures provided by the state Department of Revenue. That left the casino with weekly slots revenues of $1.83 million, before operating expenses.

"…Roughly 16,000 people came through the doors last Tuesday, the first day the facility was opened to the general public. A head count for the entire week was not available, but it was easy to see crowds continuing to arrive…"

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