{"id":19921,"date":"2017-07-10T09:06:33","date_gmt":"2017-07-10T17:06:33","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=19921"},"modified":"2020-10-19T06:49:12","modified_gmt":"2020-10-19T14:49:12","slug":"good-news-across-the-midwest-pennsylvania-blows-it-again","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/good-news-across-the-midwest-pennsylvania-blows-it-again\/","title":{"rendered":"Good news across the Midwest; Pennsylvania blows it (again)"},"content":{"rendered":"

An extra weekend day may have made all the difference for Illinois<\/strong>, where gross gaming revenues rose 2% last month. The good news was \"\"spread pretty evenly throughout the market, except at Jumer’s Casino Rock Island<\/strong>, which slipped 6%, to $6 million, and Boyd Gaming<\/strong>‘s Par-A-Dice<\/strong>, down 7% to $6 million. Gaming & Leisure Properties<\/strong>‘ Casino Queen<\/strong> dipped 2.5% to $8.5 million. All the Penn National Gaming<\/strong>-managed riverboats were shipshape: Argosy Belle<\/strong> was flat, at $4 million, Empress Joliet<\/strong> gained a percentage point to finish at $10 million and Hollywood Aurora<\/strong> leapt 3% to $9.5 million.<\/p>\n

In dollar terms, of course, Rivers Casino<\/strong> was as ever the champ, grossing $35 million (up 2.5%) but in percentage terms the headliner was Grand Victoria<\/strong>, where MGM Resorts International<\/strong> booked a 16% increase in business, to $14 million. Not to be counted out were Harrah’s Joliet<\/strong>, up 2% ($15 million), and Harrah’s Metropolis<\/strong>, gaining 2% ($6 million).<\/p>\n

* If business was good in Illinois, it was even better in Missouri<\/strong>, despite flat table game revenues. Slots carried the state to a 4% increase. Tropicana Entertainment<\/strong> was firmly on the comeback trail at Lumiere Place<\/strong>, leaping 17% to $12 million. Market dominance in St. Louis<\/strong>, however, continued to be divided between Pinnacle Entertainment<\/strong> and Penn National. The latter garnered $19 million \"\"(up 5%) at Hollywood St. Louis<\/strong>, while Pinnacle did $21 million (+5%) at Ameristar St. Charles<\/strong> and $18 million (flat) at River City<\/strong>. Pinnacle did not fare so well in Kansas City<\/strong>, down 3% to $15 million. Penn’s Argosy Riverside<\/strong> was up 5.5% to $12.5 million, while Harrah’s North Kansas City<\/strong> leapt 10% to $15 million.<\/p>\n

Both at Kansas City and in three rural locations, Eldorado Resorts<\/strong> fared well with its Isle of Capri<\/strong>– and Lady Luck<\/strong>-branded casinos, a flat month at Boonsville<\/strong> being the worst it had to report. Affinity Gaming<\/strong> did not do so well, down 2% to $3 million at Mark Twain Casino<\/strong>.<\/p>\n

* A 10% increase in slot wagering drove Ohio<\/strong> casino takings up 6.5% last month. Pinnacle’s Belterra Park<\/strong> continues to be a schizoid case, \"\"last in the state ($7 million) but consistently improving its results — +6.5% — despite subpar slot\/win\/day of $168. Hard Rock Rocksino<\/strong> continues to lead the state, hauling in $19.5 million, up 9%. Deutsche Bank<\/strong> analyst Carlo Santarelli<\/strong> doesn’t break out individual numbers for Eldorado’s Scioto Downs<\/strong>, but it had a bully month, up 10% to $13 million. Privately held Miami Valley Gaming<\/strong> was close behind, grossing $12 million an an 11% increase.<\/p>\n

Dan Gilbert<\/strong>‘s Jack<\/strong>-branded casinos reported mixed results, mostly positive. Cleveland<\/strong> was 8% down, to $15 million, while Cincinnati<\/strong> gained 9% to $15.5 million and Thistledown Racetrack<\/strong> was up 4% to $9.5 million. Gilbert’s casinos gave the Penn-managed ones a run for their money. Hollywood Toledo<\/strong> grossed $16 million, up 3% (slot\/win\/day $219) while Hollywood Columbus<\/strong> rose 6% to $18 million, slot\/win\/day of $185 million. As always, Hollywood Austintown<\/strong> was the star performer, grossing $305 win\/slot\/day, for a $9.5 million tally (24% up [!]), while Hollywood Dayton<\/strong> was no slouch, averaging $253 win\/slot\/day and grossing $8 million, for a 10.5% increase.<\/p>\n

* Not to be left out of the June bounty, Indiana<\/strong> was up 5%. Not surprisingly, Horseshoe Hammond<\/strong> was tops in the state, grossing $32 million and up 11%. Horseshoe Southern Indiana<\/strong> pulled in $20.5 million (+6.5%) but it got pipped at the post by Indiana Downs<\/strong>, grossing $21.5 million and up 3%. Only Ameristar East Chicago<\/strong> came close, grossing $18 million on 9% growth. Everybody else was back in the pack. Grossing a feeble $4 million (-2.5%), Rising Sun<\/strong> does so poorly you have to wonder why Dan Lee<\/strong> bothers with it. True, Hollywood Lawrenceburg<\/strong> has never recovered from the advent of Ohio casinos but it still grosses $14 million (-3.5%).<\/p>\n

Symmetrically, Belterra<\/strong>\u00a0was up 9% to $9 million, while French Lick \"\"Resort<\/strong> was up 9% to $7.5 million. Hoosier Park<\/strong> gained a more-than-respectable 7.5% to finish in the money with $17 million. Majestic Star I<\/strong> grossed slipped 2.5% to $7.5 million while Majestic Star II<\/strong>, perhaps hexed by its erstwhile association with Donald Trump<\/strong>, slid 13.5% to $5 million. Boyd’s Blue Chip<\/strong> was up 4.5% to $13 million and, construction notwithstanding, Tropicana Evansville<\/strong> was up 2.5% to $10 million.<\/p>\n

* It looks like gambling expansion in Pennsylvania<\/strong>, including Internet<\/strong> wagering, will fail yet again. Why am I not surprised?<\/p>\n","protected":false},"excerpt":{"rendered":"

An extra weekend day may have made all the difference for Illinois, where gross gaming revenues rose 2% last month. The good news was spread pretty evenly throughout the market, except at Jumer’s Casino Rock Island, which slipped 6%, to … 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":[173,40,60,154,145,199,198,190,7,58,68,37,85,191,11,39,91,71,69,95,30,33,111,21],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/19921"}],"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=19921"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/19921\/revisions"}],"predecessor-version":[{"id":28440,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/19921\/revisions\/28440"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=19921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=19921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=19921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}