Pennsylvania Gaming Revenue Shows Mixed Results: Casinos Stagnate While iGaming Grows
Pennsylvania casino revenue remained mostly flat in October 2024, with in-person gaming generating $274.5 million. This includes $200.6 million from slots and $73.9 million from table games, representing a minimal 0.2% year-over-year increase across the state's 17 brick-and-mortar casinos.
In Virginia, Hard Rock Bristol has unveiled its new $515 million permanent resort, marking the state's second full-service casino. The opening follows the closure of the temporary casino facility.
Caesars Virginia plans to open next month, featuring a WSOP poker room among its amenities. Meanwhile, The Cordish Companies has secured market access in Virginia through Petersburg.
In Iowa, a casino has filed a petition requesting the state gaming authority to reject a recent application for a Cedar Rapids resort bid.
MGM Resorts International has formed a significant technology partnership with Cisco (NASDAQ: CSCO), granting the casino operator access to advanced technological solutions.
Thailand's potential casino market could surpass Singapore's, according to analyst projections, while SL Green (NYSE: SLG) is seeking to extend a loan for its proposed Caesars casino project in Times Square.
In Arkansas, voters repealed the Pope County casino license during the Election Day referendum. Las Vegas's fourth-quarter gaming revenue growth may be limited due to challenging year-over-year comparisons.
The Wynn UAE casino development could potentially launch the world's fourth-largest gaming market, while Live! Louisiana is actively recruiting, with 750 positions available at their Bossier City location.
Reno's J Resort has announced an additional $130 million investment, bringing the total project value to over $550 million. The local casino owner is also seeking city assistance to construct a sports arena.
The Xfinity Live! entertainment district near Live! Philadelphia Casino is expanding, and Full House stock, despite testing investor patience, maintains a positive long-term outlook.