BUSINESS

Pennsylvania releases table game revenues; Foxwoods Resort celebrates 20 years; Scientific Games to announce Q4 results

TAGs: Foxwoods Resort, Pennsylvania Gaming Control Board, revenues, Scientific Games

Pennsylvania Foxwoods Resorts Scientific GamesThe Pennsylvania Gaming Control Board released its table games revenues during January yesterday, demonstrating a tax revenue of $8.6 million.

With an average of 962 tables in operation on a daily basis during January, gross revenue from play of all table games was $52,980,494 – nearly $9.7 million higher than in January 2011 when revenue totalled $43,310,753 with an average 841 tables operating on a daily basis. That’s a 22.3% increase in revenue year-on-year.

In a press release, the control board said Pennsylvania taxes gross table games revenue at 16% (14% to the Commonwealth’s General Fund and 2% to local share fund) which resulted in $8,609,347 of tax revenue.

Foxwoods Resort Casino celebrated its 20th anniversary today at a bash at the Fox Theatre with Foxwoods President and CEO Scott Butera unveiling a number of guests and business initiatives.

A statement released by the casino today told that large crowds gathered to celebrate two decades of tribal gaming, growth and philanthropy and Foxwoods’ role as a pioneer in the global gaming industry.

The ceremony featured remarks by Connecticut Governor Dannel Malloy, Mashantucket Pequot Tribal Chairman Rodney Butler and Butera, a dedication to Foxwoods employees who have served the casino for more than 20 years, and a presentation of 20th anniversary cupcakes.

Buterasaid: “The many initiatives we are announcing today signify our relentless desire to improve and achieve excellence by providing extraordinary experiences to all of those who visit Foxwoods.”

The initiatives included ambitious plans for The Premier Outlet Shoppes at Foxwoods, a new luxury retail outlet center, a new, fully-integrated branding campaign, an unrivaled guest rewards program, and key mobile and web enhancements.

Scientific Games Corporation announced today that it will release its financial results for the fourth quarter and year ended December 31, 2011 after the market close next Tuesday on 28 February.

The Company will host a conference call at 5pm Eastern Time which will include management’s discussion of these results and an opportunity to ask questions.

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