Tag: West Virginia Lottery Commission

Video Lottery Establishments Fined

Seven video lottery establishments posing as fraternal lodges have been fined by the West Virginia Lottery Commission.
Three establishments must each pay a $1,000 fine. The others were each fined $500.

 
The Charleston Gazette reports that the commission imposed the fines on Tuesday. Another establishment was given a warning.
 
The fines stem from a Lottery investigation prompted by complaints from bar and club owners that the establishments weren’t fraternal lodges.
 
Under state law, fraternal organizations can have up to 10 video lottery machines. The limit for bars and clubs is five machines.
 
Musgrave says some of the establishments didn’t have membership lists. Some opened their doors to anyone.
 
The commission also fined a limited video lottery machine distributor $6,000 for violating state laws regarding fraternal organization.

Audit: W.Va. Casinos in Good Shape Despite Losses

An audit of West Virginia’s casinos says each facility’s financial condition is sound, despite revenue losses.

The audit by Charleston accounting firm Gibbons and Kawash says the casinos’ total revenue dropped by more than $140 million between the 2012 and 2013 fiscal years. It cites competition from casinos in Maryland, Ohio and Pennsylvania.

Hollywood Casino at Charles Town Races experienced the largest revenue decline. Its revenue fell from $546 million in fiscal 2012 to about $456 million in fiscal 2013.

The audit’s findings were presented to the West Virginia Lottery Commission on Monday. The commission voted to reissue table games licenses to all five casinos.

Report: State Lottery Revenues Down $94 Million from 2013

West Virginia lottery revenues are on pace to finish behind last fiscal year.A report given to the state Lottery Commission on Thursday shows gross…

West Virginia lottery revenues are on pace to finish behind last fiscal year.

A report given to the state Lottery Commission on Thursday shows gross revenues through April were about $1.01 billion. It’s the 11th straight year that lottery revenues have reached the $1 billion mark.
 
The Charleston Gazette reports year-to-date lottery revenues are about $94 million behind the same period last year due to declining revenues at the state’s four racetrack casinos, whose business is being hurt by gaming facilities in other states.
 
Racetrack video lottery revenues have declined 10 percent so far this fiscal year to $490 million compared to last year, while table game revenues have dropped 30 percent to $42 million.
 
The fiscal year ends June 30.
 

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