Plainridge Park Casino Reports A Banner April
In Massachusetts, the Plainridge Park Casino reportedly experienced its third-best month in April as its collection of some 1,250 slots recorded a 7.5% increase year-on-year in gross gaming revenues to stand at a little over $14.3 million.
According to a report from the State House News Service citing official figures from the Massachusetts Gaming Commission, the April figure from the 106,000 sq ft facility located near the town of Plainville represented a 0.8% rise month-on-month but was around 21% lower than the facility’s all-time record of $18.1 million set in July of 2015.
The Plainridge Park Casino is operated by Penn National Gaming Incorporated and reportedly saw its coin-in for April remain relatively flat year-on-year at $174.7 million although this represented a 2.8% decline month-on-month while the Norfolk County venue has paid just over $25.8 million in state taxes and racehorse assessments since the start of the year.
Opened as a slots-only enterprise in late-June of 2015, the Plainridge Park Casino is required to pay a 49% tax on its gross gaming revenues with 82% of this amount earmarked for the local community while the remainder goes to support the state’s Race Horse Development Fund. It has so far reportedly paid in excess of $145 million in such duties thanks to punters wagering over $3.6 billion.
The State House News Service additionally reported that business at the Plainridge Park Casino could well be hurt after MGM Resorts International opens its MGM Springfield full-scale casino some 86 miles away in the Massachusetts city of Springfield while additional competition is set to follow in June of 2019 with the inauguration of the Wynn Boston Harbor development from Wynn Resorts Limited.