Revenues at Massachusetts casino continue to tumble
PLAINVILLE, Mass. (AP) — Revenues at Massachusetts’ first casino are continuing to decline.
State gambling officials reported Friday that gross gambling revenues at Plainridge Park totaled $11.3 million in December. That’s down from $11.9 million in November. The slots parlor and harness racing track has seen revenues steadily decline from a July peak of $18.1 million.
To date, the casino, which opened in late June after a $250 million investment, has generated about $88 million in gross revenues. Massachusetts, which imposes a 49 percent tax on it, has collected about $43 million of that money.
Plainridge Park was projected to generate about $200 million in gross revenues its first full year. A spokesman for the casino didn’t immediately comment.
The state Gaming Commission is expected to review its most recent quarterly report next Thursday.