Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
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Mt. Airy<br />
Mount Airy Casino Resort is located in Mount Pocono about 45 minutes from the Wilkes-<br />
Barre/Scranton International Airport. The resort offers over 2,250 slot machines and 74 tables.<br />
Mount Airy has a 188-room hotel, spa, entertainment center, nightclub, golf course, meeting<br />
space for up to 150 people, 8 restaurants, and 2 bars. The resort also offers snowmobiling in the<br />
winter time and shuttle services between the resort and the Mall at Steamtown on the weekends<br />
throughout the year. Mount Airy also partners with bus companies to provide transport for<br />
customers from New York City, Northern New Jersey, and several cities throughout<br />
<strong>Pennsylvania</strong>. Mount Airy opened in 2007, and unlike the other Eastern Region facilities, it has<br />
actually reduced its number of gaming positions since opening. The resort opened in 2007 with<br />
over 2,500 slots and has removed about 250 since then. Revenue has declined each year;<br />
however, through the first four months of 2011 revenue has increased nearly 27.5%. The<br />
increase in revenue, combined with the decrease in positions, means that win per position is at its<br />
highest level since 2008 reaching $193.82 in April 2011. The table below shows Mount Airy’s<br />
historical performance since opening.<br />
Year Slot<br />
Revenue<br />
Slots Win Per<br />
Slot<br />
Mt. Airy Historical Performance<br />
Tables Table Revenue Win Per<br />
Table<br />
Total Revenue WPP<br />
2007 $25,745,832 2,524 $139.75 0 $0 $0 $25,745,832 $139.75<br />
2008 $176,389,714 2,521 $191.15 0 $0 $0 $176,389,714 $191.15<br />
2009 $164,634,128 2,506 $180.02 0 $0 $0 $164,634,128 $180.02<br />
2010 $143,811,645 2,415 $163.14 75 $19,466,397 $1,697.93 $163,278,042 $156.15<br />
Jan 2011 $10,522,147 2,450 $138.55 80 $2,969,761 $1,199.98 $13,491,907 $148.60<br />
Feb 2011 $11,294,306 2,449 $164.73 73 $2,337,155 $1,146.56 $13,631,461 $168.72<br />
Mar 2011 $12,230,889 2,327 $169.55 72 $3,482,472 $1,560.25 $15,713,361 $183.72<br />
Apr 2011 $12,593,813 2,275 $184.53 72 $3,146,009 $1,456.49 $15,739,823 $193.82<br />
Jan-Apr 2010 $45,963,721 2,453 $156.04 0 $0 $0.00 $45,963,721 $156.04<br />
Jan-Apr 2011 $46,641,155 2,375 $164.34 74 $11,935,397 $1,340.82 $58,576,551 $173.72<br />
% Change 10-11 1.47% -3.18% 5.32% N/A N/A N/A 27.44% 11.33%<br />
Source: <strong>Pennsylvania</strong> <strong>Gaming</strong> Control Board; Innovation Group<br />
Bethlehem – Allentown <strong>Market</strong><br />
Sands Bethlehem<br />
Sands Casino and Resort, located in Bethlehem, is owned and operated by Las Vegas Sands<br />
Corporation, which owns The Venetian and Palazzo in Las Vegas and multiple casinos in<br />
Macau. This stand-alone casino is located 60 minutes from downtown Philadelphia. The<br />
original plan for the casino called for multiple phases, with the first phase including a casino,<br />
300- room hotel and convention center. The second phase included 1,200 residential units and a<br />
retail component. The casino opened in May 2009 with a limited program from the original<br />
plan, but an expansion on Memorial Day weekend 2011 included the 300-room hotel. The<br />
casino currently offers 3,000 slot machines, 100 table games, 7 restaurants including 2 operated<br />
by Emeril Lagasse, 2 bars, a night club, meeting space for up to 175 people, a 300-room hotel,<br />
and buses that run daily between the casino and New York, Philadelphia, and North Jersey. The<br />
casino also has a parking garage with capacity for 6,000 cars. Through the first four months of<br />
The Innovation Group Project #054-11 August 2011 Page 25