{"id":11759,"date":"2013-10-09T13:38:01","date_gmt":"2013-10-09T21:38:01","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=11759"},"modified":"2013-10-09T13:38:01","modified_gmt":"2013-10-09T21:38:01","slug":"indiana-worse-than-expected","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/indiana-worse-than-expected\/","title":{"rendered":"Indiana: Worse than expected?"},"content":{"rendered":"

\"belterra\"<\/a>Despite per-patron spending that was up 7% last month, a 16% falloff in admissions more than negated it. Depending on whether one counts tax-deductible free play or not, Indiana<\/strong> was anywhere from 9.5% to 11% down last month. Tight consumer spending unquestionably played a role but Horseshoe Cincinnati<\/strong> merrily played havoc with revenues in southern Indiana. Penn National Gaming<\/strong>‘s Hollywood Lawrenceburg<\/em> plunged 36%. (Yikes!) Pinnacle Entertainment’<\/strong>s Belterra<\/em> slid 19%, to just under $10 million. Wall Street<\/strong> analysts were divided as to whether the results were better or worse than expected. Caesars Entertainment<\/strong> properties held firm, with but 2% slippages, Horseshoe Southern Indiana<\/em> being safely insulated from Ohio<\/strong> competition and bumping Hollywood<\/em> from the region’s top spot, $22 million to $19 million. (You really have to wonder about Penn’s and Pinnacle’s determination to open Buckeye State racinos, and further bleed their Indiana casinos.) Also recording a catastrophic month was privately held Grand Victoria<\/em>, down 30%. French Lick Resort<\/strong> took a 12% wallop, while Casino Aztar<\/em> and Hoosier Park<\/strong> racino notched single-digit declines.<\/p>\n

Upstate, both Boyd Gaming<\/strong>‘s\u00a0Blue Chip<\/em>\u00a0(-14%) and the former Ameristar East Chicago<\/strong> (now Pinnacle and down 15%) had rough times of it, too. Excluding Blue Chip<\/em>, Horseshoe Hammond<\/em> outgrossed all its immediate competitors combined. The gargantuan casino — more like a continent moored to the Indiana coast — is a true category killer and remains so.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite per-patron spending that was up 7% last month, a 16% falloff in admissions more than negated it. Depending on whether one counts tax-deductible free play or not, Indiana was anywhere from 9.5% to 11% down last month. Tight consumer … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60,14,7,68,71,69,30,111,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11759"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=11759"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11759\/revisions"}],"predecessor-version":[{"id":11760,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11759\/revisions\/11760"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=11759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=11759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=11759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}