Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
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3. The bidder would have to provide information about the ownership structure,<br />
management structure, financing plans, master planning and economic impacts.<br />
Currently this bill is still in committee and has not reached the House or Senate floor for a vote.<br />
In addition, legislation has also been introduced in the Senate that would permit the Category 2<br />
license that has not been issued in Philadelphia available for issuance in any other area of the<br />
Commonwealth. The Senate legislation does not contain the House bill’s bidding process,<br />
subjecting the license to the existing statutory tax and fee structure.<br />
Poconos <strong>Market</strong><br />
The Poconos market is part of the larger Eastern Region and includes The Mohegan Sun at<br />
Pocono Downs and Mt. Airy Casino and Resort. Each facility’s performance is measured in the<br />
tables below since 2006 through the first four months of 2011, with a comparison to the first four<br />
months of 2010.<br />
Mohegan Sun<br />
Mohegan Sun is a horse track racino in Wilkes-Barre easily accessible from I-81. The racino is<br />
less than 15 minutes away from the Wilkes-Barre/Scranton International Airport. Mohegan Sun<br />
opened in November 2006 with approximately 1,100 slot machines. The facility now offers over<br />
2,300 slot machines, over 80 table games, 11 dining options, 2 bars, retail, and a radio station.<br />
Mohegan also offers live music at each of its bars and an outdoor summer concert series.<br />
Mohegan saw an increase in total revenue in 2010 of nearly $23 million over 2009. Unlike the<br />
other area facilities, Mohegan’s slot revenue rose year-over-year, generating approximately $225<br />
million in 2010. Total revenue, through the first 4 months, is up 21.5% in 2010 as well.<br />
Mohegan’s historical performance is shown in the table below.<br />
Year Slot Revenue Slots Win Per<br />
Slot<br />
Mohegan Sun Historical Performance<br />
Tables Table Revenue Win Per<br />
Table<br />
Total<br />
Revenue<br />
2006 $21,655,033 1,099 $378.93 0 $0 $0 $21,655,033 $378.93<br />
2007 $175,503,593 1,170 $410.82 0 $0 $0 $175,503,593 $410.82<br />
2008 $185,583,564 1,798 $281.94 0 $0 $0 $185,583,564 $281.94<br />
2009 $220,808,247 2,466 $245.28 0 $0 $0 $220,808,247 $245.28<br />
2010 $224,762,570 2,350 $262.02 78 $18,453,735 $1,539.74 $243,216,305 $236.28<br />
Jan 2011 $18,059,542 2,466 $236.26 84 $3,293,804 $1,264.90 $21,353,346 $231.94<br />
Feb 2011 $18,278,684 2,464 $264.89 84 $3,120,315 $1,326.66 $21,398,999 $257.46<br />
Mar 2011 $20,191,117 2,356 $276.45 84 $3,446,784 $1,323.65 $23,637,900 $266.61<br />
Apr 2011 $20,280,016 2,331 $290.05 84 $3,615,084 $1,434.56 $23,895,100 $280.99<br />
Jan-Apr 2010 $74,273,426 2,370 $262.20 0 $0 $0.00 $74,273,426 $262.20<br />
Jan-Apr 2011 $76,809,359 2,404 $266.92 84 $13,475,986 $1,337.44 $90,285,345 $259.25<br />
% Change 10-11 3.41% 1.46% 1.80% N/A N/A N/A 21.56% -1.12%<br />
Source: <strong>Pennsylvania</strong> <strong>Gaming</strong> Control Board; Innovation Group<br />
The Innovation Group Project #054-11 August 2011 Page 24<br />
WPP