Pennsylvania gaming industry sees slowdown

A recent policy analysis from Pennsylvania's Allegheny Institute for Public Policy showed annual slot revenue from the state's 12 casinos fell by three percent in 2013, indicating the settling of the industry in the state.

Almost all casinos, aside from the Rivers casino in Pittsburgh, in the state saw a decline in slot revenue. Five other casinos have posted declines in gross terminal revenues from slot machines since 2010, when some replaced slot machines with table games.

The data showed replacing slot machines with table games could have paid off for the state's casinos - table games posted a 6.2 percent increase in revenue last year after an 11 percent increase from 2011 to 2012.

According to the analysis, however, revenue growth for table games was significantly smaller than the totals for all of the state's casinos, though it may still be too soon to determine whether the gaming industry has lost its luster.

"Whatever the reasons, gaming revenue growth statewide has certainly slowed down considerably, with slots machine revenue actually down and table games revenue growth decelerating abruptly," the Allegheny Institute said in its analysis. "With so many programs riding on gaming money, from property tax rebates for seniors to host fees for municipalities, there is a lot riding on the gaming industry not faltering. Even a leveling out could be problematic."