In September, the commercial casino revenue in New York experienced a significant decline of 6%, according to data released by Gaming Intelligence. This decline comes as a surprise to many industry experts, as the New York gambling market has been steadily growing in recent years.
The decrease in revenue can be attributed to a number of factors, including the continued COVID-19 pandemic which has resulted in lower foot traffic and decreased spending at casinos. Additionally, competition from neighboring states has also had an impact on New York’s casino revenue.
Despite the overall decline in revenue, some individual casinos in New York actually saw an increase in revenue in September. For example, Resorts World Catskills saw a 4% increase in revenue compared to the same month last year. However, this increase was not enough to offset the overall decline in revenue for the state.
The decline in revenue has raised concerns among industry stakeholders, who are worried about the long-term impact of the pandemic on the New York gambling market. Many are calling for increased efforts to attract visitors to the state’s casinos and boost revenue in the coming months.
In response to the decline in revenue, some casinos in New York have implemented new strategies to attract customers. For example, some casinos have introduced new promotions and special events to entice visitors. Additionally, many casinos have increased their focus on online gambling, which has become increasingly popular during the pandemic.
Overall, the decline in New York’s commercial casino revenue in September highlights the challenges facing the gambling industry in the wake of the COVID-19 pandemic. Industry stakeholders will need to work together to find innovative solutions to attract customers and boost revenue in the coming months.