Everybody is complaining about the economy, but there's one area that appears to be doing well.
Six of the seven slot parlors in Pennsylvania reported higher income in March 2009 compared to the same period a year ago. The only casino that reported a decline in revenue is Harrah's Chester Casino and Racetrack near Philadelphia.
Pennsylvania casino revenues rose 9.4 percent in March, according to the Pennsylvania Gaming Control Board.
Board Chairwoman Mary DiGiacomo Colins says the long-term growth of revenue from gambling is encouraging in the face of the down economy.
"Our expectations are that two new casinos and two expansions of existing casinos will occur in 2009, so we should continue to see an increase in needed tax revenues coming back to the Commonwealth," Colins said in a press release.
There's still no word on whether the casino revenues will generate enough income to trigger any property tax relief for Pennsylvania homeowners.
Read the full press release at the link below:
Casino Revenues Up Again in Pennsylvania
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