Beeline for Plan B
The Pennsylvania State Gaming Board has released their internal earning expections of Pittsburgh's three potential slots parlors.
These are the numbers the board will use, not the projections of each casino.
At first glance the Majestic Star Casinos has the best payout expectations of nearly $484 million a year with 5,000 slots machines.
Forest City came in second at $426 million per year with 4,000 machines.
The board says the Isle of Capri would fetch about $345 million a year with 3,000 slots machines.
Those are not good numbers for the IOC, who have promised $290 million to fund a new multi-purpose building for the Pittsburgh Penguins, but the comparisons are unbalanced.
If the IOC ups their ante to add 2,000 machines, the projections could come closer to the Majestic Star's numbers at $487 million a year. Similarly, if Forest City added 1,000 machines their projections would approach $533 million per year - giving them the best payout projection.
Only 23 days until we learn what has been Harrisburg's dirty little secret for the past three years.
These are the numbers the board will use, not the projections of each casino.
At first glance the Majestic Star Casinos has the best payout expectations of nearly $484 million a year with 5,000 slots machines.
Forest City came in second at $426 million per year with 4,000 machines.
The board says the Isle of Capri would fetch about $345 million a year with 3,000 slots machines.
Those are not good numbers for the IOC, who have promised $290 million to fund a new multi-purpose building for the Pittsburgh Penguins, but the comparisons are unbalanced.
If the IOC ups their ante to add 2,000 machines, the projections could come closer to the Majestic Star's numbers at $487 million a year. Similarly, if Forest City added 1,000 machines their projections would approach $533 million per year - giving them the best payout projection.
Only 23 days until we learn what has been Harrisburg's dirty little secret for the past three years.
posted by Igloo Insider at 9:11 PM
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