Revenues Up Slightly At Massachusetts' First Casino
PLAINVILLE (AP) — Gambling revenue at Massachusetts's first casino continues to decline.
Plainridge Park Casino generated $12.9 million in gross gambling revenues in October, according to data released Monday by the state.
That's up slightly from September's $12.6 million haul, but because October has more days than September, the figures reflect a slight decline. Daily revenue per slot machine has steadily declined from $389 in July to $277 in October.
The racino has generated over $65 million since opening in late June and is on track to generate about $176 million in its first full year, or about $24 million less than the state's $200 million projection. Massachusetts collects 49 percent of Plainridge's gambling revenues.
Lance George, the casino's general manager, says it's normal for revenues to "taper down" after opening and that the casino's profits will eventually stabilize.
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