Sands Bethlehem Table Game Revenue Falls for Third Straight Month
Sands Bethlehem Casino is the long-time leader in table game revenue in Pennsylvania, but that could soon change. After three straight months of falling table game revenue at Sands, it is looking more like second-place Parx Casino will be able to close the gap.
Based on year-over-year comparisons, Sands table game revenue fell 11 percent in March, followed by a 20 percent drop in April. May marked the first time in the casino’s history that it has fallen three months in a row, dropping nearly 10 percent over revenues in May 2017.
Meanwhile, table game revenue was up 12.8 percent at Parx Casino in Bucks County last month. For Parx, May marked the fourth straight month of year-over-year increases in winnings from table games.
In May of last year, Sands held a comfortable $7.5 million lead over Parx in table game revenue. This year the gap is less than half as wide at just $3.6 million. Is the market changing? In addition to preparing for new ownership, Sands faces new competition for its gaming dollars.
While the casino is in the process of being sold to Wind Creek Hospitality, Parx just opened a new exclusive poker room as part of a $50 million expansion that also included a new entertainment venue and new restaurants. And while Parx is attracting more gaming dollars to its new facilities, literal busloads of patrons are no longer frequenting Sands.
In past years, tour buses from New York consistently brought groups of gamblers on round-trip casino visits to Sands Bethlehem. Now, with the addition of Resorts World Casino Catskills, those tours don’t need to drive nearly as far.