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Sugarhouse revenues have dropped for four of the six weeks it's been open
The Web site for the award-winning alternative weekly, the Philadelphia City Paper.
Sugarhouse revenues have dropped for four of the six weeks it's been open
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Even as Foxwoods continues to plead for a second chance to build a second Philadelphia casino, now with Harrah's as management, Sugarhouse Casino's revenues have dropped almost every week since it opened, according to figures released by the Pennsylvania Gaming Control Board (PGCB).
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| Revenue (in millions of dollars, on left) over the past six weeks |
There are only so many senior citizens on fixed-incomes to prey on and the cash-for-gold and pawn shops haven't sprung up yet across the street on Frankford Avenue. Just give it time and it will get better. Remember, this was good for Philadelphia and these were good jobs that have been created. Thanks Ed!
Can we ship Rendell to Siberia as a big thank you/fuck you now that he's being replaced by an asshole from the GOP? God, I love bipartisanship.
It must be nice to say anything you want without having a clue what it is your talking about...if you checked the facts a revenue drop always happens to a casino after it opens because of all the people that rush to it when it first opens its doors..then the casino signs people up for their card program and begins to build its marketing base from there it then brings the best players back through different incentive programs in order maximize table game drop and win per unit on their slots..its a basic tenant of the gaming industry I work as a business consultant and don't work for Sugarhouse but I felt as though I had to respond to your ridiculous comments..for you to say that Sugarhouse is somehow doing poorly is absurd have you seen their numbers for their size and lack of customer data base their doing fantastic in fact their 3rd in the state in slot win per unit which is unbelievable considering the other casinos have a several year head start on them..so please if you don't know what your talking about please just don't make absurd condescending remarks because it makes you sound like complete idiots..just one persons opinion.
Hey there "Joe e on", Just for clarification, exactly who are you excoriating here? The City Paper is objectively reporting pure data. And the two previous commenters make some reasonable comments. Also, while you point out that SugarHouse is 3rd in the state in revenue per unit, you conveniently fail to mention a few things. First, you are looking at the monthly numbers that include the first week, which even you admit is not a representative week; if you look at only the most recent week's figures, you'll see that SugarHouse is only 5th in the state. Second, SugarHouse has, by far, the fewest slot machines in the state, so the revenue per machine is a misleading figure when you leave out this important fact (for instance, if they had only a single machine, I'm sure they'd be 1st in the state . . yay!). I'd be interested to see your response to these points. Oh, and try not to call me an idiot. Thanks.
How do these numbers translate into revenue for the lengthy list of private investors attached to Sugarhouse? And how do those numbers compare with the money they put up at the start of their venture? If you factor in the delayed opening as lost returns on their investments, where are the investors in terms of breaking even or clearing profits?
[...] the casino revenue picture may not be as rosy as some had hoped – as early returns for SugarHouse look somewhat [...]
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