Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
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Harrah’s Chester has become the second largest facility in the region with over $326 million in<br />
2010. Sands Bethlehem and Penn National are the fourth and fifth largest with over $286<br />
million and $268 million, respectively. Mount Airy sits in sixth with $163 million in revenue.<br />
Sugar House, which opened in September 2010, had revenue of $54 million in 2010, but is not<br />
included in the table because it did not have a full year of operation. The table below shows the<br />
share of revenue for each property in the Eastern Region from 2007 to 2010.<br />
Eastern Region Share of Revenue<br />
2007 2008 2009 2010<br />
Mohegan Sun $175,503,593 $185,583,564 $220,808,247 $243,216,305<br />
Mkt Share 23.51% 17.91% 17.01% 14.14%<br />
PARX $285,032,169 $345,502,693 $359,274,246 $432,602,118<br />
Mkt Share 38.18% 33.35% 27.67% 25.15%<br />
Harrah's Chester $285,978,663 $328,443,772 $315,938,366 $326,511,489<br />
Mkt Share 38.31% 31.71% 24.33% 18.98%<br />
Mt. Airy<br />
$176,389,714 $164,634,128 $163,278,042<br />
Mkt Share<br />
17.03% 12.68% 9.49%<br />
Penn National<br />
$237,721,830 $268,466,104<br />
Mkt Share<br />
18.31% 15.61%<br />
Sands Bethlehem<br />
$286,102,776<br />
Mkt Share<br />
16.63%<br />
Total Eastern $746,514,425 $1,035,919,743 $1,298,376,818 $1,720,176,834<br />
Source: <strong>Pennsylvania</strong> <strong>Gaming</strong> Control Board; Innovation Group<br />
Mohegan Sun, PARX, and Chester have seen their share of positions fall from 2007 to 2010 as<br />
well, while the total positions in the Eastern Region has grown from approximately 6,100 to over<br />
19,000 positions. No single facility dominates the region in terms of positions, as the largest<br />
share of positions belongs to PARX, which only claims 19.6% of the region’s positions. One<br />
thing to note is that Mt. Airy, unlike the other facilities, has not expanded its position offerings<br />
significantly since starting operations. Mt. Airy has only added approximately 300 positions<br />
between opening and 2010, 2 while Chester added 750 positions and Mohegan Sun and PARX<br />
have each added more than 1,500 positions. Even Penn National and Sands Bethlehem have<br />
increased their position count despite only being open for a few years. The regional breakdown<br />
of positions is shown below.<br />
2 Mount Airy currently has 250 fewer slot machines than it did at opening, but it has added 72 tables.<br />
The Innovation Group Project #054-11 August 2011 Page 19
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