Deadwood Casinos See 4 Percent Increase in Revenue in October

Deadwood Casinos See 4 Percent Increase in Revenue in October

“Thank goodness for table games and penny slots!” said president of the Deadwood Gaming Association Tom Nelson. “Those two categories managed to give the industry at least a modest apparent gain for October. I say ‘apparent’ since the properties are increasing their promotional play which is reflected as gross revenue and is taxed. As long as this reporting of phantom play continues, there is no real picture of the health … or lack thereof … for Deadwood gaming industry.”

Year to date, gross revenues are up almost 7 percent at Deadwood casinos which have generated  $92.1 million so far in 2012. Table game revenue in Deadwood is up 14 percent year to date.

According to city officials, the increase in revenue may be due to various activities the casino put on throughout the month.

American Casino Guide