Massachusetts ‘GAMING’ Future
The key to a casino success comes from its patrons' loses.
Philadelphia Inquirer - November 20, 2014 - SugarHouse success left board confident on 2d Phila. casino
In rejecting SugarHouse Casino's "impassioned argument" that the Philadelphia area cannot bear another casino, the Pennsylvania Gaming Control Board relied partially on SugarHouse's own performance.
The Gaming Board cited data showing that each of SugarHouse's 1,600 slot machines raked in an average of $299 per day in the year ended Sept. 30, or 25 percent more than the statewide average.
Furthermore, in a 174-page document explaining its reasons for awarding Philadelphia's second casino license to Live! Hotel & Casino in the stadium district, the board highlighted SugarHouse's revenues from table games that involve playing against the house.
At those 61 "banked" table games, SugarHouse won an average of $4,050 per day from gamblers, almost twice the statewide average of $2,136 per day.
In rejecting SugarHouse Casino's "impassioned argument" that the Philadelphia area cannot bear another casino, the Pennsylvania Gaming Control Board relied...