Bangor also has collected about $200,000 from the casino’s revenue from table games since they debuted in March 2012. The city also receives 1 percent of the 39 percent the state takes from net slot revenues at the casino - this brought Bangor about $2.56 million in the past five years. The casino pays monthly rent equal to 3 percent of net slot revenues - about $8.7 million for the city over the past five years. The city has drawn “significant revenue” from Hollywood Casino through taxes and fees, according to Debbie Cyr, the city’s finance director. In July 2008, the business moved into the $132 million facility complete with a seven-story hotel that dramatically changed Bangor’s skyline and, some say, perceptions of and aspirations for the city.įive years later, the casino, owned by Penn National Gaming, is coming off its best financial year yet after adding table games to its offerings, netting $62.6 million at the slots and tables in 2012. In its first full year, 2006, the facility brought in about $37.5 million in revenue. In the closing months of 2005, what was then Hollywood Slots opened its doors along Main Street in the building that’s now home to Seasons Grille and Lounge.
