Harrah’s Slots Numbers Drop After SugarHouse Opening
PHILADELPHIA (CBS) - Early numbers for slots revenue suggest that SugarHouse is taking a bite out of Harrah’s hide.
For the first two full months since SugarHouse opened, Harrah’s in Chester has suffered a year-to-year drop in gross terminal slot machine revenues of 12 percent in both October and November, by far the biggest decline of any Pennsylvania casino.
In 2009, Harrah’s notched a much smaller year-to-year decline in November, and a modest increase year-to-year in October.
Up the road, Parx in Bensalem notched slight year-to-year increases in gross terminal revenue this October and November. Meanwhile, SugarHouse’s gross revenues dropped almost 23 percent from October to November.
On a per-machine basis, SugarHouse has fallen from among the top casinos in its first three full weeks of operation to the bottom half during the last three full weeks of November.
Reported by Tony Romeo, KYW Newsradio