Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
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Suburban Philadelphia Performance: 2003 Report vs. 2010 Actuals<br />
Projected 2006 Actual 2010 Adjusted* Difference<br />
Slot Revenues $541,277,566 $694,646,797 $670,155,763 23.8%<br />
# of Slots 5,500 6,297 6,297 14.5%<br />
# of Facilities 2 2 2 0.0%<br />
WPU $270 $302 $292 8.1%<br />
Source: PGCB; Innovation Group. *Annualized most recent performance (Jan-April) to account for impact of SugarHouse<br />
With early starts at Mohegan, Penn National, and Mt. Airy, and a higher level of development in<br />
the Poconos, the remainder of the Eastern Region has been able to ramp up significantly. As a<br />
result, revenues are 45% higher than projected.<br />
Eastern Region Excluding Philadelphia Area: 2003 Report vs. 2010 Actuals<br />
Projected 2006 Actual 2010 Difference<br />
Slot Revenues $606,878,373 $880,714,051 45.1%<br />
# of Slots 8,500 10,297 21.1%<br />
# of Facilities 4 4 0.0%<br />
WPU $196 $234 19.8%<br />
Source: PGCB; Innovation Group.<br />
Revenues in the Poconos are double the projections, with development nearly 60% higher. The<br />
regional operating experience of Mohegan Sun has enabled Pocono Downs to reach into the<br />
northern New Jersey and New York, with a heavy busing program into those markets. As shown<br />
previously, Pocono Downs is enjoying revenues 2.5 times higher than projected.<br />
Poconos (Mohegan and Mt. Airy): 2003 Report vs. 2010 Actuals<br />
Projected 2006 Actual 2010 Difference<br />
Slot Revenues $182,866,713 $368,574,215 101.6%<br />
# of Slots 3,000 4,765 58.8%<br />
# of Facilities 2 2 0.0%<br />
WPU $167 $212 26.9%<br />
Source: PGCB; Innovation Group.<br />
The overlapping markets of the Poconos and Bethlehem have revenues 48% higher and a level of<br />
supply 31% higher.<br />
The Innovation Group Project #054-11 August 2011 Page 50