Competition Hurts Del. Casino

Friday, Apr 26, 2013  |  Updated 7:23 AM EDT
View Comments (
)
|
Email
|
Print
Competition Hurts Casino

Getty Images

Stock image.

advertisement

Dover Downs is blaming additional competition in the region for sharply lower revenues in the first three months of the year.

The News Journal of Wilmington reports that Dover Downs Gaming and Entertainment reported a $283,000 first quarter loss on Thursday. The casino reported $50.5 million in revenues in the quarter, compared to $64.1 million a year earlier. Gambling revenues were down 22.5 percent.

The casino says the losses reflect more competition in the market, including the opening of the Maryland Live casino in June -- the Dover casino's biggest competition in the region.

Delaware Lottery Director Vernon Kirk says slots revenue was down almost 19 percent at all three Delaware casinos during the first quarter, year over year. He cites competition and the economy.

Related Stories

Dover Downs isn’t alone. For months many Atlantic City casinos have seen revenues decline due to competition from casinos in Pennsylvania and other states.

 


Get the latest from NBC10 Philadelphia anytime: Android/iPhone/iPad Apps | SMS Alerts | Twitter | Facebook | Google+ | Instagram | RSS

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Free Weather Apps!
Download NBC10's free weather apps here! Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out