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Schenectady
The Rivers Casino & Resort reported a nearly 17 percent gain in gross gaming revenues in the second week its been open, and the first full week of operation, new figures from the state Gaming Commission reveal.
Total gross gaming revenues — the amount left after winnings have been paid but before all other expenses — totaled $3.55 million in the second week, up from $3.04 million in its opening week.
Gamblers played $28.1 million at the casino’s 1,150 slots and electronic table games. The amount was up nearly 22 percent from the week before, when the casino was open just six days, including an invitation-only soft opening day. Two snowstorms during the first week also may have reduced the number of gamblers.
Gamblers dropped $5.7 million at the casino’s 67 table games — games that are staffed by croupiers or dealers — up from $4.3 million during the opening week. Gross gaming revenues rose to $735,000 from $566,000 the week before.
The casino saw gross gaming revenues from its 15 poker tables rise nearly 48 percent in week two to $164,649 from $111,492 during the opening week.
The Saratoga Casino Hotel apparently continues to feel the impact of the new Rivers Casino, although net revenue recovered somewhat from the previous week, when it also endured two snowstorms.
Net revenue for the week ending Feb. 18 totaled $2.44 million, up from $2.33 million the week before. The figure was the lowest since the $2.41 million in net revenues reported during the week ending Christmas Eve.
The weekly reporting period for video gaming operations such as Saratoga Casino is a day earlier than for casinos such as Rivers.
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