By SectorWire desk · · Updated
Rhode Island’s two casinos recorded August revenue of $55.1m, a 4% annual decline, citing Rhode Island Lottery figures. Slot revenue fell 5.4% to $44.2m, while table revenue increased 2.3% to $10.9m.
Operators and investors can see Rhode Island’s rising table revenue failed to offset falling slot revenue in August.
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Bally’s Rhode Island revenue increased as slot growth outweighed declining table game revenue.
Higher slot revenue did not prevent a small decline in total casino revenue.
The request concerns tax rates affecting betting shops and other businesses with category B machines.
The proposals could expose sweepstakes operators in both states to fines or felony penalties if enacted.
The financing supports Bally’s planning and pre-construction, while additional capital remains necessary for the proposed resort.
Emerald Queen Casino’s new marketing chief brings almost 20 years of gaming experience and previous marketing leadership at Bally’s Chicago.