{"id":12967,"date":"2014-03-11T13:51:29","date_gmt":"2014-03-11T21:51:29","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=12967"},"modified":"2014-03-11T13:51:29","modified_gmt":"2014-03-11T21:51:29","slug":"missouri-indiana-take-their-lumps","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/missouri-indiana-take-their-lumps\/","title":{"rendered":"Missouri, Indiana take their lumps"},"content":{"rendered":"

Bad weather<\/strong>\u00a0is\u00a0being blamed for dismal attendance figures<\/a>\u00a0at St. Louis<\/strong>-area casinos. Those on the Missouri<\/strong> side were down 11%, while Casino Queen<\/strong> in East St. Louis<\/strong> and Alton \"Isle<\/a>Belle<\/strong> were off 17% at the turnstile. Statewide, revenue was down 7%, with the St. Louis market much more adversely affected than Kansas City<\/strong>. In the former, Pinnacle Entertainment<\/strong>‘s Lumiere Place<\/strong> slipped 12% while its River City<\/strong> fell only 2%. Pinnacle’s St. Charles<\/strong> casino was down 8% but Penn National Gaming<\/strong>‘s nearby Hollywood St. Louis<\/strong> dropped 13%, good enough for the #1 \u00a0and #2 top-grossing spots in the Show-Me State, respectively. Nobody’s fall was as dramatic as that of Isle of Capri Casinos<\/strong>‘ Cape Girardeau<\/strong> property, down 27% and ruining Isle’s month. The company’s other results were a mixture of small declines and a 2% uptick in Boonville<\/strong>.<\/p>\n

Pinnacle’s Ameristar Kansas City<\/strong> (-4%) topped that market. Harrah’s North Kansas City<\/strong> (-3%) grossed $14 million to Pinnacle’s $16 million, and Penn’s Argosy Riverside<\/strong> came in third with a $12 million gross. Despite Isle’s wipeout in Cape Girardeau, Penn’s 10% decline in February was the worst for any operator, Caesars Entertainment<\/strong>‘s 3% the least. Meanwhile, lawmakers are hoping against hope<\/a> that it’s just a dry spell. If not, lawmakers may try to fund veterans home through … a lottery.<\/p>\n

Indiana<\/strong> casinos were visited less (-19%) and grossed less (-12%) than last year, despite 9% higher per-visitor spend. The numbers at Penn’s Hollywood Lawrenceburg<\/strong> were a catastrophic -41%, as new, Cincinnati<\/strong>-area competition sucked it dry like Count Dracula<\/strong> feasting on a young virgin. Rising Star<\/strong> was bled, too, down 31%. Belterra<\/strong> and French Lick<\/strong> were both 18% off last year’s pace. Only Casino Aztar<\/strong>, well to the west, was sheltered from competition, up 3%. The state’s two racinos also posted positive comparisons.<\/p>\n

To the north, Horseshoe Hammond<\/strong> took a hit, down 20% while Ameristar East Chicago<\/strong> was off only 2%. In terms of sheer dollars, Horseshoe Hammond is still the biggest dog on the block, grossing $36 million. Given the downfall of Penn’s Lawrenceburg<\/strong> casino, Caesars now has two top-grossing casinos in the Hoosier State, with the close-behind Indiana Grand<\/strong> racino rounding out the top three. Boyd Gaming<\/strong>‘s Blue Chip<\/strong> got through the month with only a 5% decline.<\/p>\n

* Former Rep. Michael Oxley<\/strong> (R-OH) boils down<\/a> the American Gaming Association<\/strong>‘s case for online gambling: Keep it ‘rare, safe and legal.’<\/p>\n","protected":false},"excerpt":{"rendered":"

Bad weather\u00a0is\u00a0being blamed for dismal attendance figures\u00a0at St. Louis-area casinos. Those on the Missouri side were down 11%, while Casino Queen in East St. Louis and Alton Belle were off 17% at the turnstile. Statewide, revenue was down 7%, with … 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":[7,68,85,39,71,69,30,31,21],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12967"}],"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=12967"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12967\/revisions"}],"predecessor-version":[{"id":12969,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12967\/revisions\/12969"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=12967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=12967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=12967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}