A number of PA Casinos Make AGA’s Prime 20 Business Venues

The American Gaming Affiliation (AGA) launched a Q1 gaming report, which was favorable to the gaming business and Pennsylvania casinos. The AGA acknowledged three PA casinos as Prime 20 Business Casinos Outdoors Nevada:

• Parx On line casino (seventh)
• Wind Creek Bethlehem (eleventh)
• Rivers Pittsburgh (sixteenth)

The three casinos posted sturdy income figures and challenged different casinos from Maryland, Massachusetts, New York and Illinois to call a number of.

The $16.6 billion in gaming income generated in Q1 marked the eighth consecutive record-breaking quarter for general playing inside the US.

“After two full years of successive progress post-COVID, the U.S. gaming business has by no means been stronger,” mentioned AGA President and CEO Invoice Miller. “With report progress throughout each gaming vertical—from brick-and-mortar casinos to cell gaming—American adults proceed to decide on gaming as one in all their high leisure choices.”

Pennsylvania casinos rank amongst high gaming areas in US

Land-based casinos throughout the nation and in Pennsylvania are nonetheless holding their very own regardless of large on-line gaming progress.

The three PA casinos acknowledged, Wind Creek Bethlehem, Parx On line casino and Rivers On line casino Pittsburgh, have been churning large income figures in retail slots and desk video games. Right here is the income every on line casino reported in Q1 2023:

• Parx: $151 million
• Wind Creek: $126.8 million
• Rivers Pittsburgh: $92.2 million

The three PA casinos put collectively sturdy showings in Q1 in opposition to some main, and acquainted, casinos. The highest 5 business casinos encompass:

• MGM Nationwide Harbor (MD)
• Encore Boston Harbor (MA)
• Dwell! On line casino Maryland
• Borgata Lodge On line casino & Spa (NJ)
• Resorts World NYC (NY)

Dwell! On line casino Maryland is among the many properties owned by The Cordish Firms, which operates Dwell! On line casino Philadelphia. Additionally, many Southeastern PA natives who escape to the Jersey shore are conversant in Atlantic Metropolis’s Borgata.

Progress amongst country-wide and PA casinos

The gaming business produced one other record-breaking quarter and skilled progress in virtually each sector of gaming. Right here is the gross gaming income (GGR) of every vertical and the proportion enhance:

• Whole: $16.6 billion (up 15.5% from Q1 2022)
• Slot: $8.83 billion (up 7.7%)
• Desk video games: $2.5 billion (up 5.2%)
• Sports activities betting: $2.79 billion (up 70.1%)
• On-line on line casino: $1.48 billion (up 22.7%)

Retail casinos generated a complete of $12.30 billion, surpassing the earlier excessive of $12.26 billion in Q3 2022.

Because the gaming business continues to develop, so have the three PA casinos listed as high business institutions.

Listed here are income stats from Q1 2022 for comparability:

• Parx: $150.9 million
• Wind Creek: $122.3 million
• Rivers Pittsburgh: $91.8 million

Whereas Parx and Rivers skilled modest progress, all three casinos are distinctive in their very own manner. Wind Creek’s success is much more spectacular with out counting on the inhabitants of a significant metropolis, although it does have a lodge.

Parx On line casino additionally lately opened one other property in Shippensburg. The corporate celebrated the growth in February.

How retail casinos have stayed related as on-line gaming emerges

Now that gamers can get pleasure from the identical precise on line casino video games from the consolation of their very own dwelling, retail casinos needed to get artistic. Many casinos have invested in new facilities to reinvent themselves as leisure venues.

Shawn Fluharty, Minority Whip within the West Virginia Home of Delegates, was instrumental in bringing on-line casinos to West Virginia. On the East Coast Gaming Congress final month, Fluharty defined to PlayPennsylvania why retail casinos have stayed sturdy:

“I’ll go to the on line casino however I plan my on line casino journeys round extra issues than simply gaming. It’s extra of an leisure venue. I really feel just like the brick-and-mortars have been pressured to evolve and it’s helped them not get cannibalized.”

Rivers Pittsburgh added The Touchdown Lodge final fall and reaped the advantages in Q1. Parx obtained approval from Bensalem Township earlier this yr to begin development on a 300-room luxurious lodge. With Parx Bensalem already one of many high grossing casinos within the nation, along with opening one other location, including a lodge might make them an much more engaging vacation spot.

Wind Creek simply completed investing $160 million in a 23,000-square-foot ballroom, a second lodge tower and a brand new foyer. Normal Supervisor Kathy McCracken advised PlayPennsylvania in February:

“Wind Creek Bethlehem’s excessive occupancy charges pre-pandemic, mixed with the flexibility to accommodate bigger occasions in a 23,000-square-foot ballroom, solidified the choice to maneuver ahead with this mission. The property can now host bigger occasions that beforehand required area solely present in main metropolitan areas. We’re not solely establishing the property as a regional competitor, but additionally bringing further tourism alternatives to the Lehigh Valley.”

Wind Creek, Parx On line casino and Rivers On line casino Pittsburgh maybe have been the very best at reinventing themselves.

Different AGA Q1 2023 findings

The AGA dropped many details and nuggets in regards to the gaming business in Q1 2023. Here’s a record of fascinating findings:

• Within the first quarter of 2023, retail casinos (together with retail sportsbooks) made up 75.3% of business gaming income, whereas on-line sports activities betting and on-line casinos accounted for a report quarterly share of 24.7%, totaling $4 billion.
• The business posted a brand new single-month income report in March, closing out Q1, with $5.9 billion, a rise of 10.3% yearly.
• Eighteen states broke all-time quarterly data for complete business gaming income, together with Pennsylvania.
• Pennsylvania generated $1.5 billion in income in Q1 2023, second within the nation behind Nevada’s $3.8 billion.
• Retail casinos set an all-time income report of $4.35 billion in March.