Georgia Gaming Market Assessment - Pennsylvania Treasury

2011, Sands has seen a 4.5% increase in slot revenue and nearly a 40% increase in total revenue
over 2010. The table below shows Sands’ performance since opening.
Year Slot
Revenue
Sands Bethlehem Historical Performance
Slots Win Per
Slot
Tables Table Revenue Win Per
Table
The Innovation Group Project #054-11 August 2011 Page 26
Total Revenue WPP
2009 $142,267,867 2,964 $212.41 0 $0 $0 $142,267,867 $212.41
2010 $258,735,860 3,099 $228.71 89 $27,366,916 $2,001.52 $286,102,776 $215.60
Jan 2011 $19,805,023 3,024 $211.27 100 $7,090,822 $2,287.36 $26,895,845 $239.41
Feb 2011 $21,658,644 3,024 $255.78 100 $6,574,739 $2,348.12 $28,233,383 $278.22
Mar 2011 $23,592,345 3,004 $253.34 100 $8,537,395 $2,754.00 $32,129,741 $287.58
Apr 2011 $23,706,581 3,025 $261.26 100 $7,832,242 $2,610.75 $31,538,823 $290.04
Jan-Apr 2010 $84,871,754 3,202 $220.98 0 $0 $0.00 $84,871,754 $220.98
Jan-Apr 2011 $88,762,593 3,019 $245.41 100 $30,035,198 $2,500.06 $118,797,792 $273.81
% Change 10-11 4.58% -5.71% 11.06% N/A N/A N/A 39.97% 23.91%
Source: Pennsylvania Gaming Control Board; Innovation Group
Harrisburg Market
Penn National
Hollywood Casino at Penn National Race Course is a horse track located in Grantville near
Interstate 81, which runs between the Wilkes-Barre/Scranton area and Harrisburg. Penn
National offers live racing and simulcast throughout the year, as well as nearly 2,500 slots and 60
table games. The racino has a live music rooftop venue, 5 restaurant options, a bar, meeting
space for up to 800 people, a gift shop and a Hollywood cinema museum. Penn National
partners with bus companies to provide transport for customers from 13 Pennsylvania cities, as
well as Baltimore and Washington, DC. Penn National’s slot revenue through the first four
months of 2011 has declined more than 2.5%, but total revenue has increased more than 12.7%,
due to table revenue. Penn National’s historical performance is shown in the table below.
Year Slot
Revenue
Penn National Historical Performance
Slots Win Per
Slot
Tables Table
Revenue
Win Per
Table
Total Revenue WPP
2008 $171,117,626 2,120 $246.82 0 $0 $0 $171,117,626 $246.82
2009 $237,721,830 2,318 $281.03 0 $0 $0 $237,721,830 $281.03
2010 $253,403,976 2,433 $285.38 54 $15,062,128 $1,817.08 $268,466,104 $266.71
Jan 2011 $18,427,085 2,485 $239.24 58 $3,022,143 $1,680.84 $21,449,228 $244.27
Feb 2011 $20,758,363 2,484 $298.46 58 $3,134,634 $1,936.87 $23,892,997 $301.45
Mar 2011 $22,615,717 2,471 $295.24 61 $3,483,132 $1,841.95 $26,098,849 $296.76
Apr 2011 $22,411,051 2,471 $302.36 61 $3,647,504 $1,993.17 $26,058,555 $306.21
Jan-Apr 2010 $86,492,518 2,373 $303.54 0 $0 $0.00 $86,492,518 $303.54
Jan-Apr 2011 $84,212,216 2,478 $283.83 59 $13,287,412 $1,863.21 $97,499,628 $287.17
% Change 10-11 -2.64% 4.41% -6.49% N/A N/A N/A 12.73% -5.39%
Source: Pennsylvania Gaming Control Board; Innovation Group