{"id":30603,"date":"2015-08-18T13:58:06","date_gmt":"2015-08-18T20:58:06","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=30603"},"modified":"2015-08-18T13:58:53","modified_gmt":"2015-08-18T20:58:53","slug":"plainridge-park-casino-collects-18-million-in-first-month","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/plainridge-park-casino-collects-18-million-in-first-month\/","title":{"rendered":"Plainridge Park Casino Collects $18 Million in First Month"},"content":{"rendered":"
\"Plainridge
The Plainridge Park Casino had a very successful first month, bringing in more than $18 million in revenue. (Image: Jack Lepiarz\/WBUR)<\/figcaption><\/figure>\n

Massachusetts may still have a ways to go before it becomes a casino gambling powerhouse, but their first entry into the field is off to a good start.<\/p>\n

The Plainridge Park Casino, which features only electronic games, brought in $18.1 million in revenue during its first month of operations, though experts cautioned that those numbers may decline a bit over time.<\/p>\n

Critically, the revenues mean that approximately $9 million will end up being generated in revenue for state and local governments. That figure would put annual targets set by officials well within reach.<\/p>\n

\u201cThe commission is pleased that these figures indicate that Plainridge Park Casino is on track to achieve their targeted range of $86 million to $120 million annually in contribution to local aid,\u201d said Massachusetts Gaming Commission spokesperson Elaine Driscoll.<\/p>\n

Revenues In Line With Projections<\/b><\/h2>\n

Officials had projected that the Plainridge location would generate about $200 million in revenue annually.<\/p>\n

The figures from the first month would exceed that target by about 9 percent.<\/p>\n

\u201cWe are pleased with the July performance, which is in line with expectations,\u201d Penn National Gaming\u2019s Eric Schippers told the Boston Herald. \u201cIt typically takes three to six months from the grand-opening period to begin to understand market trends, and we\u2019ve only now begun our marketing efforts in earnest.\u201d<\/p>\n

While that is cause for optimism, others have pointed out that there might be reason to believe Plainridge\u2019s long-term prospects aren\u2019t quite so rosy.<\/p>\n

There\u2019s always the chance that the first casino in the state is seen as a novelty, and there are also questions about how Plainridge will do once the larger resort casinos with a wider variety of offerings are opened in a few years.<\/p>\n

\u201cOne would expect Plainridge to do well in the beginning, but whether that levels off is going to be the question,\u201d Boston College gaming expert Richard McGowan told the Herald. \u201cWhat they need to do is build up some kind of loyalty to keep people coming back after MGM\u2019s<\/a> Springfield casino and Wynn Resorts\u2019 Everett casino open with all the bells and whistles.\u201d<\/strong><\/p><\/blockquote>\n

The $9 million that was generated in tax revenue will primarily go to city and town governments throughout the state. In addition, about some of that money will support the state\u2019s horse racing industry.<\/p>\n

Casino Makes Payments to Town<\/b><\/h2>\n

The casino has already started to benefit the town of Plainville as well.<\/p>\n

Last week, the casino signed over its first monthly check to its host community, part of $2.7 million in annual fees that will go to the town.<\/p>\n

The giant, ceremonial check was made out for $277,000; typically, the monthly payments will be for $225,000, but this first payment covered both the final week in June as well as the month of July.<\/p>\n

Impact on Local Lottery Sales Seen<\/b><\/h2>\n

Meanwhile, the Massachusetts<\/a> Lottery continues to worry about the potential impact of the casinos on its sales throughout the state.<\/p>\n

According to officials, there has already been a slight decrease in sales at locations that are within a 15-minute drive of the Plainridge Park Casino.<\/p>\n

\u201cWe are still seeing strong numbers at retail agents such as convenience stores and gas stations that carry our products,\u201d said Massachusetts Lottery Interim Executive Director Michael Sweeney. \u201cWhere we\u2019re seeing some early decreases in that zone are in more of your restaurant, bar, lounge-type of places.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Massachusetts may still have a ways to go before it becomes a casino gambling powerhouse, but their first entry into the field is off to a good start. The Plainridge Park Casino, which features only electronic games, brought in $18.1 million in revenue during its first month of operations, though experts cautioned that those numbers […]<\/p>\n","protected":false},"author":42,"featured_media":30604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,18],"tags":[],"acf":[],"yoast_head":"\nPlainridge Park Casino Collects $18 Million in First Month<\/title>\n<meta name=\"description\" content=\"The Plainridge Park Casino brought in $18.1 million in revenues over its first month of operations, but it is unclear if it will keep up that pace once other casinos open in the state.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plainridge Park Casino Collects $18 Million in First Month\" \/>\n<meta property=\"og:description\" content=\"The Plainridge Park Casino brought in $18.1 million in revenues over its first month of operations, but it is unclear if it will keep up that pace once other casinos open in the state.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/plainridge-park-casino-collects-18-million-in-first-month\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-18T20:58:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-08-18T20:58:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/08\/0622_plainridge-casino-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"877\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/plainridge-park-casino-collects-18-million-in-first-month\/\",\"url\":\"https:\/\/www.casino.org\/news\/plainridge-park-casino-collects-18-million-in-first-month\/\",\"name\":\"Plainridge Park Casino Collects $18 Million in First Month\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/plainridge-park-casino-collects-18-million-in-first-month\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/plainridge-park-casino-collects-18-million-in-first-month\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/08\/0622_plainridge-casino-edited.jpg\",\"datePublished\":\"2015-08-18T20:58:06+00:00\",\"dateModified\":\"2015-08-18T20:58:53+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"The Plainridge Park Casino brought in $18.1 million in revenues over its first month of operations, but it is unclear if it will keep up that pace once other casinos open in the state.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/plainridge-park-casino-collects-18-million-in-first-month\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/plainridge-park-casino-collects-18-million-in-first-month\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/plainridge-park-casino-collects-18-million-in-first-month\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/08\/0622_plainridge-casino-edited.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/08\/0622_plainridge-casino-edited.jpg\",\"width\":1280,\"height\":877,\"caption\":\"The Plainridge Park Casino had a very successful first month, bringing in more than $18 million in revenue. 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