Rivers Casino Pittsburgh has delivered a $3.3 million payment that goes towards the construction expense for the PPG Paints Arena, home to the Pittsburgh Penguins. The Sports & Exhibition Authority of Pittsburgh and Allegheny County and the casino jointly announced that $112.5 million has now been provided by the casino to date.
The $3.3 million payment marks the halfway point of a 30-year agreement between the facility and PPG Paints Arena.
Rivers Casino Pittsburgh to pay $225 million by the end of agreement
Rivers Casino Pittsburgh contributes $7.5 million a year to the SEA over two payments. The first of which comes in April and the second occurs in October.
The second payment in October would put the Pennsylvania casino at nearly $116 million in total payments. Casino general manager Bud Green said in a press release emailed to PlayPennsylvania:
“As we approach our 15th anniversary this summer, Rivers Casino continues to fulfill our promise to be a strong economic engine, a great place to work and a proud community partner. We’re honored to collaborate with the SEA in supporting the home ice of the Pittsburgh Penguins.”
By 2038, Rivers Pittsburgh will have contributed $225 million to the arena’s construction. The total cost of building PPG Paints Arena was $319.7 million.
The casino generated more than $160 million in taxes for the state, including Allegheny County, in the FY 2022/2023.
Aaron Waller, executive director of the Sports & Exhibition Authority, said in the press release:
“Rivers Casino Pittsburgh’s support of PPG Paints Arena has had a tremendous positive impact on the citizens of Allegheny County. The SEA is proud of this partnership and thanks Rivers for its ongoing commitment.”
Rivers Casino Pittsburgh ranks ranked third in 2023 slot revenue
Rivers Pittsburgh is one of the more premier casino facilities in the state, especially since adding The Landing Hotel in 2022. The hotel is directly connected to the casino, offering 219 rooms with bars and restaurants overlooking the city and river.
In addition to the added amenities, Rivers Casino Pittsburgh is one of the top slot operators, which greatly contributed to Pennsylvania breaking the gaming record last year.
The location produced $267.3 million in 2023 slot revenue, only behind Parx Casino Bensalem and Wind Creek Bethlehem, which generated $386.2 million and $285.1 million, respectively.
Rivers Pittsburgh easily claims the third spot in the Keystone State as Mohegan Pennsylvania is a distant fourth, posting $182.6 million in slot revenue last year.
The casino’s table games perform quite well, too. It placed fifth in 2023 revenue, behind the following locations:
- Wind Creek Bethlehem: $241.3 million
- Parx Casino Bensalem: $202 million
- Live! Casino Philadelphia: $108.3 million
- Rivers Casino Philadelphia: $91.6 million
- Rivers Casino Pittsburgh: $87.2 million
Rivers Pittsburgh is an impressive facility, which caught the attention of the American Gaming Association (AGA). The AGA recognized the casino as one of the top 20 commercial facilities outside of Nevada.
Rivers Casino Pittsburgh plans to keep revenue and contributions to the state churning.
