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Pennsylvania slots exceed estimate

6 June 2007

HARRISBURG, Pennsylvania -- As reported by the Pittsburgh Post-Gazette: "With slot machines at all four of Pennsylvania's racetrack/casinos outperforming profitability estimates that were made last year, it's no wonder that The Meadows can't wait to open its new casino in Washington County on Monday.

"According to figures released by the state Gaming Control Board yesterday, Mohegan Sun at Pocono Downs, Philadelphia Park, Harrah's Chester Downs and Presque Isle Downs are raking in significantly more money each day from each of their slot machines than had been estimated in mid-2006 by the gaming board's staff.

"In all cases except Philadelphia Park, the 'win per day' amounts for each slot machine exceeded the estimates made by the casinos themselves.

"...At the Mohegan Sun casino near Wilkes-Barre, the 'win per day' for each machine was $434 in May, $456 in April and $429 in March.

"...Before it opened, gaming board staff members had conservatively estimated the casino would take in $180 per day per machine, while Mohegan Sun officials had put the estimate at $230 per day per machine.

"...The second racetrack/casino in Pennsylvania was Philadelphia Park in Bucks County, which opened in December with 2,143 slots. Its win per day in May was $354 per machine; in April, $366; and in March, $364.

"...For Harrah's Chester Downs, south of Philadelphia, the win per day was $294 per machine in May; $297 in April and $285 in March.

"...For Presque Isle Downs in Erie, its 2,000 machines were showing a win of $233 per day in May, higher than the $161 per day estimated by the board..."

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