Decrease in gaming income at Rhode Island casinos by 0.4% during the month of March when compared to the same period last year.
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The total combined net revenue for Rhode Island's two land-based casinos operated by Bally's, Twin River and Tiverton, stood at $59.3 million in March, registering a minor 0.4% decline compared to the same month in the previous year's $59.5 million.
Key Findings 📊- Video lottery terminals (VLTs) accounted for $48.4 million, marking a 0.6% decrease from last year's $48.7 million.- Table games contributed $10.9 million, registering a modest 0.5% increase from $10.8 million in the previous year.
Breakdown by Each Casino 💪- Twin River Casino reported earnings of $45.1 million, slipping 1.1% from the previous year's $45.6 million. - VLTs witnessed a drop of 1.8% from $37 million to $36.3 million, while table games saw a marginal increase of 1.9% from $8.6 million to $8.7 million.
- Tiverton Casino experienced a 1.7% increase, growing from $13.9 million to $14.1 million.
- VLTs recorded a 3% uptick from $11.6 million to $12 million, while table games slipped 4.6%, falling from $2.2 million to $2.1 million.
Bally's Rhode Island Properties Overview ℹ️Wondering about the bigger picture? Here's a glance at trends for Bally's properties in Rhode Island. (Note: Data beyond 2023 is not yet available in public records.)
- Post-Pandemic Recovery (2021-2022): COVID-19 restrictions eased, and VLTs experienced growth, with Twin River's VLTs accounting for around 80% of the total gaming revenue.
- Table Games: Although they showed gradual improvement, they still struggled compared to VLTs.
Stay tuned for updates on Rhode Island Department of Business Regulation's monthly gaming reports or Bally's quarterly investor filings for the latest data from 2023-2024. The most recent complete annual report (2022) indicates combined revenue of approximately $440M across both properties.
Disclaimer: This article provides an accessible and informative summary of the financial data. For detailed statistics or online gaming partnership information, check the Rhode Island Department of Business Regulation’s monthly gaming reports or Bally's quarterly investor filings.
- The revenue of Rhode Island's commercial casinos operated by Bally's, specifically Twin River and Tiverton, saw a minor decrease in March, falling from $59.5 million to $59.3 million.
- Video lottery terminals (VLTs) at both casinos accounted for the majority of the revenue, with a slight decrease from $48.7 million to $48.4 million.
- Bally's key casino personality, Charlotte Capewell, recently released an earnings report for the casinos.
- Sports betting trends were not explicitly mentioned in the report, but it did highlight the total combined revenue for both casinos, which stood at approximately $440 million in the latest available annual report (2022).
- In terms of trends, post-pandemic recovery showed growth in VLTs, with Twin River's VLTs comprising about 80% of the total gaming revenue.
- Despite gradual improvement, table games still struggled compared to VLTs, and sports-betting data was not available in the report.
