It is not often that we hear about companies or individuals overpaying taxes. Well, this is exactly what happened with Greenwood Gaming and Entertainment. The gambling operator has been one of the companies that have made sizeable contributions to the Keystone State’s development but, as it turns out, not all of it was intentional. The […]
It goes without saying that gambling in the Keystone State is doing quite well. The Lottery is one of the sectors that is still shining which is not very surprising especially considering the fact that it has existed longer than most other forms of gambling in the state. Even so, it continues to post record […]
On Friday, August 15, the Pennsylvania Gaming Control Board released revenue figures for the state’s online gambling industry which officially kicked off in July, and from the looks of it, the sector is on the right trajectory. According to the gaming regulator, the state’s three online gaming operators brought in a total of $812,306 between […]
On Wednesday, August 14, the Pennsylvania Gaming Control Board held a hearing in Harrisburg that saw to the unfolding of a number of regulatory actions. However, most of the time was spent addressing three petitions that sought to reduce gaming floors at certain venues. The most notable petitions were filed by Presque Isle Downs Casino, […]
The Pennsylvania Lottery has recently released its revenue report and it is very impressive, to say the least. The lottery managed to reach record revenues of a whopping $4.5 billion in the last 12 months ending on June 30. This amount sums up to a 7.2 percent increased in profit for the state lottery and […]
The Keystone State’s massive gambling market continues to grow and as expected, it has been able to generate significant amounts of revenue through various sectors. In fact, it is safe to say that the gaming industry, in one way or the other, has managed to surpass a lot of expectations, a trend that is likely […]
The Keystone State’s slot machine revenue increased 1.1 percent during the just concluded 2018/2019 state fiscal year compared to the 2017/208 fiscal year. These figures were presented by the Pennsylvania Gaming Control Board (PGCB) last Monday, the breakdown of the slot machine revenue figures has set the precedence for the total gaming report that is […]
Last month, the Keystone States 12 licensed and regulated casino operators managed to generate a whopping $209.6 million in combined gross revenue from slot machine gaming – this is a 2.7 percent year-on-year increase according to the figures that were released by the Pennsylvania Gaming Control Board on Tuesday, June 4. The gaming control board’s […]
Pennsylvania’s sports betting industry is yet to officially go live but already, the sports betting operators are already working on the implementation of a few vital components that are reminiscent of online poker operations. This is through the use of sports betting kiosks which offer the sports bettors the ability to access sports betting services […]
In March 2019, the Keystone State established a new market record thus setting some rather high expectations for the months that would follow. Unfortunately, things took a rather unanticipated turn in April when the state posted falling gambling revenue. The Slump in Slot Machine and Table Game Revenue According to figures released by the Pennsylvania […]