Parx Leads All Pennsylvania Casinos Regardless of New Opponents

By way of playing growth, COVID shutdowns and elevated competitors, Parx On line casino continues its reign because the highest grossing on line casino in Pennsylvania.

The Bensalem on line casino not solely holds onto the highest spot, however has maintained a regular market share for slot and desk sport income by means of the years. Additionally, Parx has gone fully smoke-free which is proving to be a case research for different casinos, displaying that banning smoking doesn’t must impression a on line casino’s backside line.

Parx On line casino income and market share by means of the years

2018-2019

Whole variety of casinos in PA: 12

In the course of the 2018-2109 Fiscal 12 months, Pennsylvania’s playing business seemed a lot totally different. Sports activities betting apps and on-line casinos didn’t begin to arrive in PA till the summer season of 2019. There have been no mini-casinos in Pennsylvania and Reside! On line casino Philadelphia hadn’t opened.

Parx was tops for slot income with $416.9 million, capturing a 17.5% share of PA slot income. Desk sport income for the yr was $190.5 million (a 21.5% market share), second to Wind Creek.

2019 -2020

Whole variety of casinos in PA: 12

In 2020, all PA casinos closed from March till early June and Parx On line casino was closed 106 days through the Fiscal 12 months. Extra on-line casinos began arriving within the state which served as a supply of tax income whereas land-based casinos have been closed.

Parx led all casinos for slot income with $300.4 million (a 17.7% market share). They completed second to Wind Creek for desk video games income with $137.8 million and a 21.3% market share.

2020-2021

Whole variety of casinos in PA: 14

COVID closures had much less of an impression, solely shuttering most casinos for about two weeks. Reside! On line casino Pittsburgh opened in November 2020 adopted by Reside! On line casino Philadelphia in February 2021. Apart from Valley Forge On line casino which as soon as had a resort charge to enter, the $700 million Reside! Philadelphia represented the primary close by (22 miles) competitors for Parx.

Parx remained the chief for slot income within the state with $373.4 million through the 2020-2021 Fiscal 12 months. Market share for slot income dropped barely to 19.7%.

Parx took over the prime spot for desk sport income from Wind Creek for the yr reaching $174.4 million. Parx market share for desk video games elevated to 24.1%.

2021-2022

Whole variety of casinos in PA: 16

The primary mini-casinos opened in Pennsylvania. The closest, Hollywood On line casino Morgantown, is one hour away from Parx On line casino.

Of all 16 Pennsylvania casinos, Parx led with $407.9 million in slot income, representing a few 17% market share.

Wind Creek took again the highest spot for desk sport income and Parx completed second with $213.7 million, a 21% market share.

Parx CMO talks economic system, market share and what’s forward

(Parx doesn’t present remark to PlayPennsylvania on any tales).

Chief advertising and marketing officer Marc Oppenheimer just lately joined On line casino Replace host Tino Magnatta to debate varied matters across the on line casino business together with inflation and the way it’s impacting visitor’s spending.

Oppenheimer stated:

“We’re in all probability seeing the identical factor everyone seems to be. Enterprise is down some for us primarily on the slots aspect. We’re not dropping visitation. The spend-per-trip, particularly for sure segments, is down considerably, and that’s the place the loss in income is coming. Individuals must have discretionary earnings and discretionary time for us to do nicely and proper now they don’t have discretionary earnings.”

Often when a on line casino notices a drop in enterprise is when the advertising and marketing division will increase promotions. Nonetheless, Oppenheimer says that isn’t the present state of affairs.

“We’re in a state of affairs now the place that’s counterproductive. It’s not a matter of driving extra individuals in. We don’t imagine we’re dropping individuals to a competitor or different types of leisure.”

In June 2022, Parx led all casinos with $31.7 million in slot income, a few 9% YoY drop. They completed second for desk video games with $16.4 million, a 7.8% YoY drop. The June figures confirmed Parx had 16.4% of the slot income share, and Parx’ desk video games market share of 21.6% in June represented the highest market share of the previous 5 months for Parx.

“The uncooked numbers weren’t good however market share was robust,” stated Oppenheimer.

The summer season is at all times a slower time for Pennsylvania casinos. Nonetheless, over the previous three weeks Oppenheimer has seen some encouraging indicators.

“Unemployment numbers are good. Gasoline costs have come down. The inventory market has rallied a bit bit. If we get one other few weeks of this by means of Labor Day weekend, I feel there’s a probability we choose up.

“For us, we will probably be in a great place going into 2023 relative to different gamers. I’ve no clue what the general market will probably be like going into 2023.”

Parx On line casino goes smoke-free

Because of the COVID masks mandate in PA, smoking was banned at casinos till June 2021. Nonetheless, some casinos like Parx selected to stay smoke-free. Smoking is permitted at Parx on patios exterior of the Beer Backyard. Friends don’t want to go away the constructing to get to the smoking patios.

Oppenheimer instructed CDC Gaming Experiences in Nov. 2021:

“We’ve finished it for the well being and luxury of each our visitors and workforce members. Now we have obtained vital optimistic suggestions from each constituencies. And (we) have continued our robust efficiency and positive aspects of market share within the area. As of now, we hope to have the ability to proceed to stay an indoor non-smoking facility. We are going to so long as suggestions and outcomes keep as they’ve been.”

At a Pennsylvania Gaming Management Board assembly in January 2022, Greenwood Gaming Chief Working Officer John Dixon stated that the mini-casino, Parx On line casino Shippensburg, which is scheduled to open in November 2022, can be smoke-free.

“We discovered our clients really choose a non-smoking atmosphere, so we plan to do the identical factor in Shippensburg,” stated Dixon.

Parx plans to open a resort

PlayPennsylvania completely reported in January 2022 that Parx deliberate to add a resort to its Bensalem property. An inner e-mail from the autumn of 2021 obtained by PlayPennsylvania said:

“Proper now we’re considering a 250-300 room resort with a bar, restaurant, evening membership, pool/spa advanced and a few modular assembly area,” the e-mail reads. “This could take about 18-24 months.”

Sources inform PlayPennsylvania that the on line casino at Parx remains to be within the works with a goal date on the finish of 2023.

At the moment, the closest inns to Parx on line casino are Vacation Inn Bensalem (.4 miles) and Courtyard by Marriott (.4 miles).

Lead picture by Katie Kohler.