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Florida Non-Tribal Slots Revenue Drops 10.2% to $54 Million in August

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Florida Non-Tribal Slots Revenue Drops 10.2% to $54 Million in August
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Florida’s eight non-tribal casinos generated $54 million in slots revenue for August, down 10.2% year over year. Only one recorded a year-over-year revenue increase. Big Easy Casino posted revenue of $3.13 million, up 1.2%. Magic City Casino reported the highest revenue for August, generating $11.8 million, down 10.3%.

SCCG Take — The results show sector-wide contraction with one outlier. Operators in this jurisdiction face sustained pressure to identify demand drivers behind the uniform declines.

The latest figures from the Florida Gaming Control Commission reveal a downturn in the non-tribal casino sector. Florida’s eight non-tribal casinos generated $54 million in slots revenue for August. This amount is down 10.2% year over year.

Performance varied across the properties. Only one casino recorded a year-over-year revenue increase. Big Easy Casino posted revenue of $3.13 million. This represents an increase of 1.2%.

Magic City Casino reported the highest revenue for August. It generated $11.8 million. However, this was down 10.3% from the prior year.

Several casinos experienced double-digit percentage declines. Casino Miami was down 14.7% to $6.3 million. Calder Casino decreased 12.5% to $6.7 million. Hialeah Park Casino fell 11.2% to $7.6 million. The Casino at Dania dropped 10.8% to $4.2 million.

Smaller decreases were recorded at the remaining two locations. Harrah’s Pompano Beach revenue was down 8.3% to $9.7 million. Gulfstream Park Racing & Casino saw an 8.2% decline to $4.6 million.

Performance Overview by Property

The Commission figures show that Magic City Casino maintained its position as the top revenue generator among the eight non-tribal casinos. Big Easy Casino was the only operator to report positive growth in the period. The majority of the market experienced revenue reductions in the range of 8% to nearly 15%. This information was detailed in reporting by CDC Gaming.

Reporting: CDC Gaming

Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.

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