Crown Perth Gaming Revenue Falls Ten Percent
Crown Perth Casino, the only casino in Perth, has continued to experience a decline in visitor numbers which has resulted in a drop of more than ten percent in gaming revenue in the 2015-16 financial year.
The Western Australian Government’s Gaming and Wagering Commission’s annual report revealed that gaming revenue at the casino dropped almost 11 percent from $835 million in the 2014-15 financial year to $742 million in the 2015-16 financial year. It also revealed a 3 percent drop in visitor numbers from 8.3 million in 2014-15 to 8.1 million in 2015-16. This was a further drop compared to the 8.5 million visitors to the casino in 2013-14.
Baccarat, a table game favoured by high rollers, was the casino’s biggest source of gaming revenue bringing in $329 million, although even baccarat experienced a drop in revenue of 14 percent compared to the previous year. Electronic gaming revenue also dropped, reaching $278 million.
Crown Perth is licensed to operate up to 320 gaming tables and 2,400 electronic gaming machines. Total gambling expenditure in Western Australia during 2015-16 was $1.5 billion which breaks down to $794 per person, an increase of $22 per person compared to the previous year. Western Australians spent more per capita than in South Australia, Tasmania and the ACT, but less than other states.
The Western Australian government collected $64.8 million in casino taxes in the 2015-16 financial year, with Crown Perth paying $5 million more in taxes in 2015-16 than it did in the previous financial year.
Earlier this month, a Crown Perth patron got particularly lucky when he won a $2.7 million progressive jackpot payout while playing at the poker tables for achieving a royal flush on the flop.
March 30, 2017