{"id":18227,"date":"2016-05-10T10:00:45","date_gmt":"2016-05-10T18:00:45","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=18227"},"modified":"2016-05-10T10:00:45","modified_gmt":"2016-05-10T18:00:45","slug":"balmy-spring-for-ohio-missouri-pinnacle-beats-estimates","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/balmy-spring-for-ohio-missouri-pinnacle-beats-estimates\/","title":{"rendered":"Balmy spring for Ohio, Missouri; Pinnacle beats estimates"},"content":{"rendered":"

Ohio<\/strong> had a particularly good April, with gaming revenue up 9%. Coin-in rose 8% at the slots while table game revenue was up 5% despite 3% less wagering. Penn National Gaming<\/strong>, Caesars Entertainment<\/strong> and Pinnacle Entertainment<\/strong> all posted revenue-\"thistledown\"positive months, led by Caesars 7.5% gain. It even had a good month at ThistleDown Racino<\/strong>, up 9% on an $11 million gross. Horseshoe Cleveland<\/strong> rose 5% ($19 million) and Horseshoe Cincinnati<\/strong> gained 10% ($17.5 million). How interesting that the Caesars-run properties are showing such good results just as owner Dan Gilbert<\/strong> has Caesars halfway out the door. Pinnacle’s\u00a0Belterra Park<\/strong> ($7 million) was booming compared to last year, up 28% and generating $180\/slot\/day in VLT play — a huge improvement.<\/p>\n

Despite higher slot handle ($197\/slot\/day and a $19 million gross), Hollywood Columbus<\/strong> was flat last year. The culprit was bad luck (-6%) and less play (-8%). Hollywood Toledo<\/strong> ($18 milllion), by contrast, was quite robust, with $244\/slot\/day and a 9% revenue gain. Lady Luck smiled on Toledo, as table win was up 12% despite flat wagering. Hollywood Dayton<\/strong> ($8 million, up 8%) was booming, with $262\/slot\/day and Hollywood Austintown<\/strong> continues to knock it out of the park, grossing $9 million on $318\/slot\/day, for a 16% gain.<\/p>\n

Hard Rock Rocksino<\/strong>, however, was the Buckeye State’s revenue champ, grossing $20 million on a 14% upsurge. It never ceases to amaze how Hard Rock outperforms the state with a VLT-only casino, although VLTs seem to be a more reliable moneymaker in Ohio than tables. Miami Valley Gaming<\/strong> was up 10%, to $12 million. Eldorado Resorts<\/strong>‘ Scioto Downs<\/strong> was 6%, to end the month with $13 million. Since nobody was revenue-negative in April, it was a win-win situation all around.<\/p>\n

* If not as rosy as Ohio’s, Missouri<\/strong> had a positive April, up 5%. Attendance was flat with last year but customers opened their wallets wider. In the St. Louis<\/strong> area, Pinnacle had a disappointing month, down 3% at River City<\/strong> ($18.5 million) and flat at Ameristar St. Charles<\/strong> ($22 million). The latter lost business to Hollywood St. Louis<\/strong>, up 6.5% on a \"lumiere$19 million gross. Tropicana Entertainment<\/strong> continues on the comeback trail at Lumiere Place<\/strong>, up 16% for a $12.5 million gross.<\/p>\n

In Kansas City<\/strong>, Penn’s Argosy Riverside<\/strong> charged ahead 13.5% to a $14 million gross. Ameristar Kansas City<\/strong> was only up 1.5% but grossed $17 million. Harrah’s North Kansas City<\/strong> gained 4%, for a $15 million haul, while Isle of Capri Kansas City<\/strong> grossed $7 million, a 5% gain. Isle had a good month across the state, up 13% in Cape Girardeau<\/strong>, 11% in Boonville<\/strong> and 12% in Caruthersville<\/strong>. At its Mark Twain<\/strong> casino, Golden Entertainment<\/strong> suffered a 3% downturn, for a $3 million gross.<\/p>\n

* Pinnacle had an impressive first quarter, its $172 million in cash flow beating Wall Street<\/strong>‘s consensus estimate of $165.5 million. And that’s despite regional flooding that adversely impacted L’Auberge du Lac<\/strong> in the form of $3 million in lost business.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ohio had a particularly good April, with gaming revenue up 9%. Coin-in rose 8% at the slots while table game revenue was up 5% despite 3% less wagering. Penn National Gaming, Caesars Entertainment and Pinnacle Entertainment all posted revenue-positive months, … 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":[40,154,199,97,165,7,85,84,39,71,69,30,21,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/18227"}],"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=18227"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/18227\/revisions"}],"predecessor-version":[{"id":18228,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/18227\/revisions\/18228"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=18227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=18227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=18227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}