New Pennsylvania Casinos Spur 20 Percent Revenue Increase in August

* Reuters is not responsible for the content in this press release.

Wed Sep 2, 2009 3:40pm EDT

HARRISBURG, Pa., Sept. 2 /PRNewswire-USNewswire/ -- The amount of gross
revenue generated in August 2009 through the play of slot machines at nine
casinos rose 19.8% over the previous year, according to figures released today
by the Pennsylvania Gaming Control Board.

The nine casinos in August 2009 generated $186,936,232 in gross revenue
compared to $156,052,262 in August 2008 when seven casinos were in operation. 
Taxes in August, based on the 55% rate, were $102,789,443, an average of $3.32
million per day returned to Pennsylvania taxpayers.  The casinos collectively
retained $84,146,789.07 of the gross revenue for the month.

Board Chairman Greg Fajt says the ability for the Commonwealth to bring two
more casinos online over the past three months contributed to this continued
increase.

"With the opening of both the Sands Casino Resort Bethlehem and the Rivers
Casino in Pittsburgh during the summer, tax revenue from slot play that is
earmarked toward lowering property taxes for our homeowners is accelerating,"
says Fajt.   

Fajt also notes that the opening of these two casinos created 2,045 new jobs,
with the vast majority going to Pennsylvania residents.

"In a period where Pennsylvania has lost a tremendous amount of jobs,
legalized gaming has been a job creation bright spot now employing over 8,000
individuals with an additional 8,000 construction jobs created to build these
facilities," Fajt says.

Fajt adds that the Board will continue to work over the next two years to open
the two licensed Philadelphia casinos and license two other facilities allowed
under the Gaming Act that will result in continued increases in both revenue
and job numbers. 

The overall increase in revenue occurred even though the amount of gross
revenue generated in August 2009 through the play of slot machines at the
seven casinos that were also operating in August of the previous year declined
-3.54%.

Comparative gross terminal revenue for each of the casinos operating in both
August 2008 and August 2009 are as follows:

                Casino               August 2009      August 2008   % change

    Philadelphia Park Casino and
    Racetrack                      $30,312,468.47   $31,587,159.80    -4.04%

    Harrah's Chester Casino and
    Racetrack                      $25,709,960.86   $28,831,904.85   -10.83%

    The Meadows Racetrack and
    Casino                         $25,445,174.17   $22,000,654.39    15.66%

    Hollywood Casino at Penn
    National Racecourse            $20,365,617.89   $18,416,204.34    10.59%

    Mohegan Sun at Pocono Downs    $19,287,503.53   $20,285,457.66    -4.92%

    Presque Isle Downs and
    Casino                         $14,954,500.48   $17,037,448.14   -12.23%

    Mount Airy Resort and Casino   $14,460,453.24   $17,893,433.35   -19.19%

    The Sands Casino Resort
    Bethlehem opened May 22, 2009  $20,235,659.16               --       --

    Rivers Casino
     opened August 9, 2009         $16,164,894.62               --       --

                Total             $186,936,232.42  $156,052,262.53    19.79%




The average number of operating slot machines at these facilities was 16,794
in August 2008 and 24,329 in August 2009.

The Gaming Control Board provides weekly updates of casino revenue on its web
site, www.pgcb.state.pa.us.  In addition, videos and information on the
operation of the PGCB, problem gambling efforts and assistance, future meeting
schedules and past meeting transcripts, and a link to request a speaker are
among the many items available to the public on the web site. 

    CONTACT:
    Doug Harbach or Richard McGarvey
    (717) 346-8321




SOURCE  Pennsylvania Gaming Control Board

Doug Harbach or Richard McGarvey of the Pennsylvania Gaming Control Board,
+1-717-346-8321
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