Midwest roundup

Business was booming in Ohio, where the state’s casino industry saw revenues increase 9%. Hollywood Columbus ($22.5 million) was up 8.5% while Hollywood Toledo ($20 million) they gained 8%. Hollywood Dayton (+9%) and Hollywood Mahoning Valley (+13%) were phat, with slot win/day of $331 in Dayton and $355/slot/day in Austintown. Despite being closed two days due to flooding, Belterra Park managed to stay level with last year, grossing $7.5 million. Scioto Downs leapt 11% to $16 million and Miami Valley Gaming jumped 11.5% to $15.5 million. The Jack threesome were all on the positive side of the ledger for once. Dan Gilbert grossed $20 million in Cleveland (up 12%), $12 million at Thistledown (15% higher) and $19.5 million in Cincinnati (5% better). The strong showing by Belterra Park should give owner-to-be Boyd Gaming hope that it can turn this asset around.

* Missouri casinos also had a good March, up 2.5% for an overall gross of $168.5 million. Business in St. Louis was good (+4%) and a bit off in Kansas City (-1%). Good performance by slot machines more than offset bad luck at the tables. Ameristar St. Charles set the pace, grossing $25.5 million (+2.5%), while neighbor Hollywood St. Louis pulled in $22 million, down 4%. Tropicana Entertainment‘s Lumiere Place had a whopping good month, up 18%, grossing $16.5 million, while River City grossed $22 million, for a 5% increase.

In Kansas City, only Penn National Gaming‘s Argosy Riverside was revenue-positive, up 6% to $15.5 million. Ameristar Kansas City lost a percentage point, grossing $18 million, while Harrah’s North Kansas City ceded 5.5%, grossing $15.5 million. Isle of Capri Kansas City was down 9% to $7 million. Affinity Gaming‘s rural Mark Twain Casino was up 10.4% to $3.5 million. Of the various and sundry Isle of Capri-branded properties, Cape Girardeau was the standout, leaping 10% to $6.5 million. Considering that the two Ameristar properties were the highest grossers in the Show-Me State, Boyd has to be very happy about its prospects when it takes them over.

This entry was posted in Affinity Gaming, Ameristar, Boyd Gaming, Dan Gilbert, Eldorado Resorts, GLPI, Isle of Capri, Missouri, Ohio, Penn National, Pinnacle Entertainment, Tropicana Entertainment. Bookmark the permalink.