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Revenues up for Lady Luck

By Eric Morris emorris@heraldstandard.Com 3 min read
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The first quarter of the 2014-15 fiscal year has proved the most productive in the short history of Lady Luck Casino Nemacolin at Nemacolin Woodlands Resort in Wharton Township.

During the quarter, July through September, Lady Luck generated $8.7 million in revenue — a 17 percent increase over the same quarter the previous year — and paid $3 million in taxes to state and local government, according to reports released in October by the Pennsylvania Gaming Control Board.

Lady Luck’s 582 slot machines produced $7.3 million in revenue during the quarter.

The machines took in $110.4 million in wagers and paid out $100.3 million in winnings. The casino gave out $2.7 million in free promotional play.

The slot machine revenue generated during the quarter was a 15 percent increase from the previous year, the casino’s first in operation.

The casino has seen an increase in slot machine revenue for the third consecutive quarter.

During the quarter, Lady Luck paid $2.5 million, or 34 percent of its slot machine revenue, in state taxes; $292,917, or 4 percent, in its local share assessment to the county and township; $366,146, or 5 percent, to the economic development trust fund; and $762,234, or 12 percent, to the state race horse development fund.

From slot play, the casino grossed $2.55 million in July, $2.52 million in August and $2.25 million in September.

Lady Luck’s slot machine revenue for the quarter was the least among the state’s 12 casinos.

From its 29 table games, the casino made $1.4 million in revenue during the quarter, despite restricting table game play from 24 to 17 hours a day, a move the casino made in October 2013 after seeing less business than originally anticipated.

The revenue generated during the quarter was a 25 percent increase from the previous year.

Lady Luck paid $193,834, or 14 percent of its revenue, in state taxes and $27,690, or 2 percent, to the county and township.

From table games, the casino grossed $520,320 in July, $480,370 in August and $383,839 in September. July revenues more than doubled last year’s figures for the month.

Like its slot machine revenue, the casino’s table games revenue for the quarter was the lowest in the commonwealth.

Lady Luck’s designation as a resort casino limits its number of slot machines to 600 and table games to 50, while standalone casinos and casinos at horse racing facilities often operate upwards of 3,000 slot machines and 100 table games.

Statewide slot machine revenue was down 1.1 percent from the same quarter the previous year, while table games revenue was up 3.4 percent from a year ago.

Lady Luck was the only casino to see a decrease in slot machine revenue from July to August. Revenues statewide were down from August to September.

Lady Luck is one of two resort, or Category 3, casinos in the state.

The other resort casino, Valley Forge Casino Resort in King of Prussia, generated significantly more revenue than Lady Luck during the quarter, banking $18.5 million in slot machine revenue and $7.8 million in table game revenue.

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