Islandia's Jake's 58 casino will add more machines as cash pours in – Newsday

Suffolk OTB’s video lottery casino has become one of the state’s most successful gambling facilities — just three months after opening in an Islandia hotel — and operators are set to add 273 machines by next weekend.

Figures from the state Gaming Commission show the betting parlor, Jake’s 58 Hotel and Casino in Islandia, makes more money per machine than all but one of the other 10 VLT facilities in New York.

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Last month, the average terminal at Jake’s generated $778 in daily earnings for Suffolk OTB — more than double the statewide rate of $326 per day.

Officials at Suffolk OTB — which filed for bankruptcy protection in 2012 and owes about $15 million to creditors — have pinned their fiscal solvency hopes on the Islandia casino.

Gaming opponents question whether the Islandia casino’s success is sustainable in the long run, pointing to studies showing that VLT facilities peak in their first years before seeing revenue drop in later years as their novelty wears off.

Suffolk County Regional Off-Track Betting Corp. officials say they are not surprised by the revenue generated by the casino, pointing to Long Island’s affluent market and what they say was a pent-up demand for electronic gaming in Suffolk.

“We’re very pleased with what has happened so far, and we have done very little promotion, actually,” Suffolk OTB president Phil Nolan said in an interview. “The market is very strong. People enjoy spending their entertainment dollar on the VLTs, as we expected.”

The facility, which opened Feb. 27 with 265 electronic gaming terminals, added 35 terminals in March, and 427 machines on May 1. With the additional terminals, Suffolk OTB earnings at the casino jumped 33 percent, from $1.56 million during the last week of April to $2.1 million in the

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