By The Weekly Edge desk ·
Pennsylvania casinos recorded July revenue of $591m, a 6% annual increase, according to PGCB figures reported by CDC Gaming. Hollywood Casino at Penn National recorded $111.5m, rising 7.7%, while Valley Forge Casino Resort generated $103.4m, up 16.3%.
Pennsylvania’s revenue growth includes increases at Hollywood Casino at Penn National and Valley Forge Casino Resort.
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MGM's late licensing application drew a $50,250 penalty, while CountR agreed a $50,000 settlement over licensing violations.
The agreements impose payments on MGM Resorts International and CountR for licensing breaches in Pennsylvania.
MGM’s $50,250 penalty highlights the financial consequences of a late principal licensing application.
Online casinos led Pennsylvania’s gaming revenue categories and grew 9.09%, giving operators and investors a measure of category performance.
The renewal confirms Live! Casino Pittsburgh can continue operating under its renewed licence, while the exclusions bar the five people from casino gaming in Pennsylvania.
BetMGM’s revenue and adjusted EBITDA increased as the operator maintained expectations for the lower end of annual guidance.