The facility replaces the former Bangor Auditorium, which has been torn down. Most went toward administrative expenses for the board, but some went to Bangor and some went to the Veteran’s Assistance Grant Fund.Ĭasino money also has played a large part in funding the $68.7 million Cross Insurance Center across the street, which is preparing to hold a grand opening later this year, according to Cyr. The state also received more than $1 million from table games operations in the nine months after table games debuted.

In 2012, the state’s Gambling Control Board took nearly $20 million of the casino’s slots winnings, which was divided up to support the harness racing industry, community colleges and universities, agricultural fairs and the state’s general fund. Simulcast wagering on horses is a separate revenue category for the casino not included in the payouts to the city. 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.

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