Study: Mohegan Sun Arena Pumped $62 Million Into Economy In 2013

WILKES-BARRE TOWNSHIP, PA  — A new study reveals that Mohegan Sun Arena at Casey Plaza contributed $62.6 million to the economy in 2013, and expansion of the concourse is expected to pump in an additional $7 million this year.
 
The Northeastern Pennsylvania Alliance was contracted by the Luzerne County Convention Center Authority, the governing body of the arena, in May 2014 to conduct the study on behalf of the authority. The NEPA Alliance released the study Thursday.
 
The economic impact analysis considers three things:
 
The overall impact of the operations of the arena, which includes the impact from visitors traveling from outside the impact region (farther than 15 miles).

Read more:  http://www.timesleader.com/news/business-local-news-news/153910780/

Allentown Hockey Arena Sees Milestone As Concrete Slab Is Poured

English: City of Allentown from east side (Photo credit: Wikipedia)

The Allentown hockey arena construction saw another milestone today as more than 30 trucks worth of concrete were poured for what will be a 17,000-square-foot ice floor.

A total of 315 cubic yards of concrete were poured today, and the next major step will be making the ice itself, which will occur in the summer.

“This took a great team effort,” said Jim Brooks, co-owner of the Phantoms hockey team that will start its 2014 season at the PPL Center in September.

“There’s not too many 10,000-seat venues in the world, let alone the United States, and even less that have ice-making capabilities,” Brooks said. “It’s very difficult to pull off.”

Read more:http://www.lehighvalleylive.com/allentown/index.ssf/2014/04/allentown_hockey_arena_sees_mi.html

Atlantic City Casino Earnings Fall Nearly 45 Percent

English: Picture of the Tropicana from the Boardwalk. (Photo credit: Wikipedia)

ATLANTIC CITY, N.J. (AP) – Atlantic City’s 12 casinos saw their collective earnings fall by nearly 45 percent in the second quarter of 2013, state regulators said Thursday.

According to figures released by the state Division of Gaming Enforcement, the casinos made just over $65 million in profits during the second quarter, down from nearly $118 million in the same period last year.

The biggest gain was posted by the Tropicana Casino and Resort, whose quarterly profits were up nearly 28 percent to $12.6 million.

Caesars Atlantic City had a quarterly profit of $24.2 million, up 17.4 percent from last year’s second-quarter profit of $20.6 million. Four of the 12 casinos posted operating losses in April, May and June.

Read more at http://www.philly.com/philly/business/20130822_ap_6c1d4d224d384634a79f46ef48f30199.html#2VB8CKmuYW8ZlDD5.99

Sovereign Center Concert Ticket Sales Rise

Map of Pennsylvania highlighting Berks County (Photo credit: Wikipedia)

Among the world’s top 200 arenas, the Sovereign Center ranked 160th for concert ticket sales in 2012, beating larger arenas such as the Giant Center in Hershey and the Liacouras Center in Philadelphia, according to Pollstar, the concert tour industry’s leading trade publication.

The Sovereign Center also beat itself, moving up 30 places from its 190th ranking in 2011, general manager Zane Collings told the Berks County Convention Center Authority on Thursday.

Read more:  http://readingeagle.com/article.aspx?id=454240