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All Systems Go for Rivers Casino

Posted on April 27th, 2010

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It’s all systems go for the new tables Rivers Casino was recently eyeing to replace the 126 slot machines with that the casino was looking to eliminate. In a statement made by the casino’s legal adviser, Atty. John M. Donnelly, the casino’s executive board officials were looking to take out a number of slot machines that weren’t raking-in the big bucks, as much as they had hoped for.

Previously, the state Legislature on gaming control indicated that a casino is mandated by law to maintain an equal number of tables and slot machines on the floor; but recent player activity on the slots floor has prompted casino management to cut back on losses incurred by non-performing slots by taking these out. Incidentally, the industry gets more revenue shares from slots than table games; which could be a strong reason for the board to withhold approval until further reviews are made.

When Rivers Casino first opened its doors to the public some time in August of last year, there were about three thousand slot machines on the floor. The plan was to reduce this number to two thousand eight hundred and seventy-four, taking out a total of one hundred and twenty-six slot games.

In place of these, the casino plans to put eighty-six table games on the floor.

PENNSYLVANIA GAMING BOARD

The petition to reduce the number of slot games was filed before the Pennsylvania Gaming Board, where a public hearing was held. The main purpose the casino presented before the board was to cut down on losses from the slots that weren’t getting enough floor play.

The casino recently suffered from low profits but regained its foothold in March, earning about $4.4 more than the previous month. These recent developments further prompted the casino management to work-out a plan to sustain their profits in the coming months and years.

According to gaming board chair Greg Fajt, they will have to review the petition thoroughly to decide whether the reasons for eliminating the slot games and adding new table games warrant an approval from the board.

He further stated that a petition of the same nature was also filed by one other casino; although he wasn’t clear at the moment if the petition was approved. With the petition still pending within the gaming board, the casino’s future remained uncertain.

PETITION GRANTED

Perhaps weighing in the benefits to be derived from the additional eighty-six table games that Rivers Casino was to put up, the Pennsylvania Gaming Board finally granted permission to take out the non-performing slots and replace these with the proposed number of tables.

The casino further stated that the additional tables will mean more job openings for hundreds of residents. About four hundred and fifty-eight jobs will be made available once all the new tables are in place.

These key positions include dealers, managers, security and surveillance; among others. The positions will provide stable jobs to residents and other applicants seeking to get employment during these economically-challenging times.

There will also be contractual jobs that need to filled-up while constructions to renovate the slots floor to make room for more table games are currently being undertaken.

The new eighty-six table games will include several blackjack and poker tables, plus roulette and many other table games.

The casino is looking at spending roughly about seven million dollars for the construction, including labor pay, materials and equipment; plus another sixteen million and a half for the licensing fee. This makes their total expenditures, just for the addition of the tables, somewhere around twenty-four million dollars.

With the construction phase already in full swing, the tables are expected to be available by July 1st.