Pa. slot machine revenue down one percent in January

The Pennsylvania Gaming Control Board reported Monday on its website that total revenue generated through the play of slot machines at Pennsylvania casinos during January was down just over one percent compared to the amount generated a year ago.

According to the report, this January's gross revenue at the 11 operating casinos from slot machine play was $188,244,599 compared to $190,517,561 of gross revenue in January 2012, a decrease of 1.19 percent.

The Board also reported that the amount of tax revenue generated for the Commonwealth from slot machine play during this January was $101,165,222.

The average number of operating slot machines throughout Pennsylvania at the 11 casinos was 26,552 in January 2013 compared to 26,266 at the casinos in January 2012.

Casino companies across the U.S. are feeling the heat of the tough economic scenario.

“Most of the gambling companies have expanded their operations to Asian hotspots like Macau and Singapore,” StockCall.com reported last month, a financial website that provides research and opinions on stocks. “However, since the current economic scenario is gloomy across the globe, it is difficult for the gambling companies to come up with ambitious plans for the near future.” In the U.S., Nevada saw its gaming revenues decline by just over 11 percent in November.

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Keith Stein started freelance writing in 1994 covering the aerospace industry. After serving as an Information Specialist at NASA Headquarters in Washington D.C., he went into journalism full-time in 1997. Since then, Stein has expanded his coverage to articles covering astronomy, radio...

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