Schenectady

Report: Rivers Casino sees revenue boost

A slot machine a Rivers Casino & Resort in Schenectady.
PHOTOGRAPHER:
A slot machine a Rivers Casino & Resort in Schenectady.

SCHENECTADY — The Rivers Casino & Resort saw a 24 percent boost in gross revenue and a 16 percent boost in net revenue in its second week of operation.

The gaming operation took in $33.8 million in total cash and realized net revenue of $3.5 million, over the period from Monday, Feb. 13 to Sunday, Feb. 19 — the casino’s first full week of operation, according to a report issued Friday by the state Gaming Commission.

The casino opened Feb. 8, and its first week, which included the winter’s biggest snowstorms to-date, brought in total revenue of $27.3 million and net revenue of $3 million.

“We are pleased with the performance of Rivers Casino & Resort Schenectady during our first full week of operation,” casino officials said in a prepared statement. “We have continued to enjoy the excitement and enthusiasm of our guests, and we look forward to continuing to act as a strong economic engine and entertainment destination for the city, region and state of New York.”

By contrast, the del Lago Resort and Casino in Waterloo, which opened a week before Rivers, posted gross revenue of $31.6 million and net revenue of just over $3 million for the week that ended Sunday. Those numbers were down from gross revenue of $36.6 million and net revenue of $3.3 million in that casino’s opening week — when Rivers was still getting set to debut.

Saratoga Casino & Raceway, meanwhile, reported “credits played” ticked up slightly, to $38.2 million for the week that ended Feb. 18. (The racino’s report measures the week as ending on Saturday.)

That was up 0.9 percent from $37.8 million in the prior week — the first week of the Rivers Casino’s operation — and down nearly 17 percent from the $45.9 million credits played the week that ended Feb. 4.

For the week that ended Feb. 20, 2016, the racino realized $46.2 million in “credits played.”

Categories: News, Schenectady County

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