HARRISBURG (CBS) – The chairman of the Gaming Control Board says, despite lagging slots revenue, he believes the SugarHouse casino will eventually realize its potential – although it may take some time.
Gaming Control Board chairman Greg Fajt told state lawmakers this past week that SugarHouse’s slots revenues are only half of what was projected. But, SugarHouse’s table games revenues, he says are “astounding.”
“I will end my comments just with a cautionary note of trying to read too much into the SugarHouse revenues right now,” Fajt says. “And with table games coming on, we think they will hit their stride, but it will not happen in the first three, six, nine months of their operation.”
Fajt’s comments came at a hearing on a bill that would put the city’s other casino license up for bid – and possibly relocate it elsewhere in the state. At that hearing, a consultant told lawmakers that the Philadelphia casino market is essentially saturated. The Foxwoods investors have appealed the gaming board’s vote to revoke their license in court.
Reported by Tony Romeo, KYW Newsradio