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After peaking at $430 million during 2006-07, those Connecticut slot revenues were down to $274 million for the most recent fiscal year that ended on June 30. "The state expects further erosion this year, estimating the state's take of slot revenue to be about $204 million," says the Hartford Courant. "MGM, by definition, is a formidable brand and a formidable operator and competitor," commented Michael Pollack, managing director of the Spectrum Gaming Group and a gaming consultant. Pollack also referenced how MGM "will leverage to the hilt" its successful MLife loyalty program to attract customers — "a powerful opener," he says. Pollack also spoke to the strengths of Foxwoods and the Mohegan Sun as competitors, athough Colin A.
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The Pennsylvania Gaming Control Board on Wednesday approved the state's first three online gambling licenses, but don't start warming up your iGaming devices just yet. The board approved licenses for Parx Casino in Bensalem, Harrah's Philadelphia Casino & Racetrack, and Mount Airy Casino Resort in the Poconos. But the state still has to approve online service providers, and to review the casinos' internal controls and testing of equipment before betting can begin, said R. Douglas Sherman, the board's chief counsel. "I couldn't even begin to take a guess" when online operations will commence, said Sherman. Nine of 13 Pennsylvania casinos met a deadline last month to apply for $10 million licenses to offer interactive casino table games, simulated slot machines, and peer-to-peer poker games, permitted under the state gaming law passed last year. Two additional casinos, the Presque Isle Downs and Mohegan Sun, have since applied for online licenses, leaving several licenses untaken. The gaming board will announce procedures in September for qualified online gaming operators to apply for the remaining unclaimed licenses. The three casinos that received online licenses Wednesday outlined their qualifications and plans for the board. For instance, Harrah's Philadelphia, whose online operations will be managed by Caesars Entertainment Corp., plans to tie in its interactive games with its loyalty rewards program in an effort to attract online gamblers to the land-based casino.
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