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Table game revenue up
The Pennsylvania Gaming Control Board reported gross revenue of $40,897,115 from table games at the state’s 10 casinos.
The state’s share in taxes from the tables games was $5,725,596, and $817,942 went to local host counties and municipalities.
The revenues and taxes increased 10.9 percent from September.
The Mohegan Sun at Pocono Downs, Plains Township, with 90 tables, reported $3,450,400 in gross revenue. The state’s share in taxes was $483,056 and the local share was $69,008.
Mount Airy Casino Resort in Monroe County, with 75 tables, reported $4,046,231 in gross revenues. The state’s share was $556,472 and the local share was $80,925.
Local firms to get funding
Three local companies will receive funding from the Ben Franklin Technology Partners of Northeastern Pennsylvania.
EthosGen LLC of Dallas will receive $125,000 for new controlled environment agriculture greenhouses to grow high-energy crops. The company is developing and testing renewable biomass based energy production systems.
Taylored Building Solutions LLC of Taylor will receive $100,000 to develop a distribution channel strategy for marketing construction components to home builders. The company grew out of the former Sun Building Solutions and started operations on Nov. 15. It plans to hire 30 people for start-up operations and 30 more next year.
Noble Biomaterials Inc. of Scranton will receive $13,650 to conduct a feasibility study to use the geothermal properties of mine pool water in the production process, and to control humidity and temperature in critical areas of the plant.
Reborn GM finishes down
General Motors stock gyrated between positive and negative territory Monday to close at a loss as it started its first full week of trading as a reborn company.
Analysts said the reason is a combination of hedge funds taking profits and other investors jumping in as the price dips, and they expect volatility to last for several more days.
GM stock closed Monday at $34.08, down 18 cents per share, or 0.5 percent Thursday.
The stock movement comes just two business days after General Motors Co. pulled off an IPO worth $15.8 billion, signaling the surprising resurrection of an American corporate icon.