There’s a battle royal in Indiana between Hard Rock Gary and Horseshoe Hammond. But before we get to that, let it be noted that—despite one less weekend than 2019—casino revenues were up 9.5% to $195 million. The two main combatants were just incrementally apart, with Hard Rock making $31 million versus Horseshoe Hammond’s $30.5 million (-4%). Third-place Ameristar East Chicago was well behind at $18 million, down 2%. The smallness of the declines supports the viewpoint of those who argued that the arrival of Hard Rock would grow business in the northern tier, not dilute it. Only Blue Chip (above) suffered, down 15% to $11 million. Indiana Grand racino continued to thrive with $24 million, up 3%, while Harrah’s Hoosier Downs galloped 11.5% faster to $20 million.
In the southern tier, Bally’s Evansville was flat at $12.5 million despite the new branding, while Caesars Southern Indiana remained a player favorite, grossing $18 million for a 6.5% gain. Belterra Resort slipped 7% to $7.5 million and little Rising Star booked $3 million, a 4% dip. French Lick Resort took a drubbing, off 23% to $6 million but Hollywood Lawrenceburg slipped only 2% to $14 million.
Continue reading Hard Rock, Caesars grapple; Trouble at Topgolf LV
