October 27, 2010
Charles Town table gambling still raking in the dough
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CHARLESTON, W.Va. -- Table gambling at the Charles Town casino continue to exceed expectations for the third straight month, bringing in $9.42 million in September -- more than the state's four other casinos combined, the state Lottery Commission learned Wednesday.

It was the second straight month that Charles Town's Hollywood Casino brought in more than $9 million in table gambling revenue, accounting for 61 percent of all revenue from the five casinos.

And that may just be the start, according to casino vice president Bill Florence. He said Wednesday that Charles Town is on pace for another record month, and could break $10 million for October.

"It's close," he said. "I like the way the numbers are going."

Jim Toney, Lottery's deputy director for revenue, said Charles Town's success has helped offset financial downturns for the two Northern Panhandle racetrack/casinos -- which have been hit hard by competition from new Pittsburgh-area casinos -- and from the new casino at The Greenbrier, which has underperformed Lottery projections.

Since its July 2 opening, the $80 million Greenbrier casino has brought in $1.48 million on table games and video slots, about 7.5 percent below the Lottery's projection of $1.6 million.

Meanwhile, Florence said Charles Town has exceeded its already high expectations for table games revenue. Table games also launched there in early July.

"We do have the 12 richest counties in the United States in our market area," he said. Charles Town draws players from the Baltimore-Washington metro area.

One issue for the casino has been trying to hire and license enough dealers to keep the facility's nearly 100 gaming tables open at all times.

Currently, the Lottery has issued table games licenses to a total of 872 Charles Town employees, with 41 license applications pending.

Because of high demand, tables generally have minimum bets starting at $25, with some tables going as high as $200 a bet. Florence said that, on some weekdays, minimums on a few tables are dropped to $10 a wager.

To put the figures in perspective:

* Charles Town took in $2.82 million on blackjack alone in September, or nearly as much as the total combined table games revenue of the Mardi Gras Casino in Nitro ($1.75 million) and Wheeling Island casinos ($1.17 million) for the month. The amount also exceeds the total revenue at the second-largest casino in the state, Mountaineer, which took in $2.55 million for the month.

* The eighth-most popular game at Charles Town, four-card poker, produced more revenue ($532,586) than the entire receipts for the month from The Greenbrier ($423,530).

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Charles Town table gambling still raking in the dough

CHARLESTON, W.Va. -- Table gambling at the Charles Town casino continue to exceed expectations for the third straight month, bringing in $9.42 million in September -- more than the state's four other casinos combined, the state Lottery Commission learned Wednesday.

It was the second straight month that Charles Town's Hollywood Casino brought in more than $9 million in table gambling revenue, accounting for 61 percent of all revenue from the five casinos.

And that may just be the start, according to casino vice president Bill Florence. He said Wednesday that Charles Town is on pace for another record month, and could break $10 million for October.

"It's close," he said. "I like the way the numbers are going."

Jim Toney, Lottery's deputy director for revenue, said Charles Town's success has helped offset financial downturns for the two Northern Panhandle racetrack/casinos -- which have been hit hard by competition from new Pittsburgh-area casinos -- and from the new casino at The Greenbrier, which has underperformed Lottery projections.

Since its July 2 opening, the $80 million Greenbrier casino has brought in $1.48 million on table games and video slots, about 7.5 percent below the Lottery's projection of $1.6 million.

Meanwhile, Florence said Charles Town has exceeded its already high expectations for table games revenue. Table games also launched there in early July.

"We do have the 12 richest counties in the United States in our market area," he said. Charles Town draws players from the Baltimore-Washington metro area.

One issue for the casino has been trying to hire and license enough dealers to keep the facility's nearly 100 gaming tables open at all times.

Currently, the Lottery has issued table games licenses to a total of 872 Charles Town employees, with 41 license applications pending.

Because of high demand, tables generally have minimum bets starting at $25, with some tables going as high as $200 a bet. Florence said that, on some weekdays, minimums on a few tables are dropped to $10 a wager.

To put the figures in perspective:

* Charles Town took in $2.82 million on blackjack alone in September, or nearly as much as the total combined table games revenue of the Mardi Gras Casino in Nitro ($1.75 million) and Wheeling Island casinos ($1.17 million) for the month. The amount also exceeds the total revenue at the second-largest casino in the state, Mountaineer, which took in $2.55 million for the month.

* The eighth-most popular game at Charles Town, four-card poker, produced more revenue ($532,586) than the entire receipts for the month from The Greenbrier ($423,530).

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