Even Parx Casino, Like Other Businesses, Finds Itself at Odds with Inflation

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Parx has noted what it considers to be a possible decline in slot play, attributable to the rise in inflation.

An American Gaming Association survey asked industry executives about their pain points. Despite being stymied supply chain delays and labor shortages, inflation has also emerged as a business hurdle. Erin Flynn Jay reported the trend for Play Pennsylvania.

Sixty-three percent of gaming industry leaders identified interest rate concerns as a top current worry. It rated higher than labor shortages (cited by 54 percent) but lower than snags in the supply chain (75 percent).

Parx Casino, for example, noted some mid-week visitors exhibiting some sense of frugality.

Marc Oppenheimer, Chief Marketing Officer of Parx, said, “The core slot player who is a little older still wants the entertainment, but they aren’t spending as much when they come in.”

Oppenheimer said Parx is down 5–7 percent for slot revenue year-over-year.

It’s a reality shared with other Pa. casinos. Of the 14 in operation, six also saw declines in one-armed-bandit pulls in an April 2021–2022 analysis.

Fortunately, Parx has not seen any issues on the table game side of the business.

Demographics are also in play.

“Table games tend to be a more VIP, revenue-driven business — a younger clientele,” said Oppenheimer. “Those are people that aren’t impacted as much by [inflation].”

More on the economic factors affecting Pa.’s gaming industry — including inflation — is at Play Pennsylvania.