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Indiana Casino Revenue Continues To Fall

Written on September 10, 2014 by News Release

Categories: Business

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Only three of the state’s 13 venues recorded higher comparative revenue last month.

Tropicana Evansville had adjusted gross revenue of more than $10 million, an increase from $9.3 million in August 2013.

Horseshoe Southern Indiana Casino in Elizabeth notched up to $22.3 million last month, compared to $22 million a year earlier.

Hoosier Park Racing and Casino in Anderson, one of the state’s two racinos, took in more than $17.1 million last month, up from $15.9 million in August 2013. Indiana Grand Racing and Casino in Shelbyville recorded monthly revenue of nearly $19 million, compared to $21.8 million. Racinos have been approved for an 8.5 percent deduction from the state.

East Chicago’s Ameristar Casino reported revenue of $16.6 million last month, a decrease from $18.6 million during the same period in 2013.

The Blue Chip Hotel Casino Spa in Michigan cited nearly even profit of $13 million, compared to $13.1 million.

Horseshoe Casino Hammond’s adjusted gross revenue of nearly $36.9 million in August is down from $39.6 million during the same period last year.

Hollywood Casino in Lawrenceburg recorded one of the biggest drops. Last month, it took in more than $16.5 million last month, compared to $21.6 million in August 2013.

Rising Star in Rising Sun reported $4.5 million in adjusted gross revenue last month, which was down from $5.7 million one year ago.

Belterra Casino in Florence was down to $8.9 million, compared to more than $10.6 million.

You can view the August 2014 report by clicking here. You can view the August 2013 report by clicking here.

Source: The Indiana Gaming Commission, Inside INdiana Business

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