{"id":23904,"date":"2019-04-11T12:24:32","date_gmt":"2019-04-11T20:24:32","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=23904"},"modified":"2019-04-11T12:24:32","modified_gmt":"2019-04-11T20:24:32","slug":"around-the-horn-2","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/around-the-horn-2\/","title":{"rendered":"Around the horn"},"content":{"rendered":"

Gambling revenue hit a record amount in Maryland<\/strong> last month, up 9% to $164 million. The good news for MGM National Harbor<\/strong> was that winnings were up 4% to $64 million. The bad news is that this was \"\"driven by high-tax slots (up 11%), not low-tax table games (down 4%). National Harbor was dominant in market share, with 38.5%, compared to Maryland Live<\/strong>‘s 34% and Horseshoe Baltimore<\/strong>‘s 16%. Maryland Live gambling win vaulted 19%, to $56 million, while the ‘Shoe did $25.5 million (+3%). Ocean Downs<\/strong> jumped 12.5% to $6.5 million, while Hollywood Perryville<\/strong> was flat at $7 million. Out in the boonies, Rocky Gap Resort<\/strong> gained 9% to $5 million. Next door, West Virginia<\/strong> had an off month, down 3%. Penn National<\/strong>‘s Charles Town Races<\/strong> casino had very bad luck at the tables (-25%), propelling a 10% decline.<\/p>\n

A neutral calendar underlined the strength of casinos in Ohio<\/strong>, up 3.5% last month. Buckeye State casinos grossed $184 million, with Hard Rock Rocksino<\/strong> leading the way\u2014perhaps for the last time\u2014with $24.5 \"\"million (+5%). In dollar amounts no other racino came close. Churchill Downs<\/strong>-infused Miami Valley Gaming<\/strong> surged 12.5% to $17.5 million, while Jack Thistledown<\/strong> gained 8.5% to $13 million. Boyd Gaming<\/strong> grossed $8 million at Belterra Park<\/strong> (+4.5%) and Eldorado Resorts<\/strong> made $17.5 million (+7%) at Scioto Downs<\/strong>. Penn was up 4% ($12 million) at Hollywood Mahoning Valley<\/strong> and 5.5% higher at Hollywood Dayton<\/strong> ($11 million). As for the full-service casinos, Hollywood Toledo<\/strong> was flat at $20 million, Hollywood Columbus<\/strong> shed 4% for a $21.5 million finish, Jack Cincinnati<\/strong> was up 2.5% ($20 million) and Jack Cleveland<\/strong> down 2% ($20 million).<\/p>\n

On top of the unwelcome news that the Indiana<\/strong> Lege was considering increasing both the number of casinos and gaming positions in the Hoosier State came a 2% decline in casino revenue. (How much of that \"\"was lost to tribal Four Winds<\/strong> one cannot say.) Blue Chip<\/strong> appears to have shaken off tribal competition, up 1% to $15.5 million, as has Majestic Star II<\/strong>, grossing $6 million (+5%). Majestic Star I<\/strong> took a 6.5% hit ($8.5 million), Ameristar East Chicago<\/strong> was flat but took home $23 million and Horseshoe Hammond<\/strong> grossed $38 million (-5%).<\/p>\n

Except for Indiana Downs<\/strong>, up 7% to $26 million, everyone in the southern tier had a bad month. Belterra<\/strong> booked $11 million (-4%), Tropicana Evansville<\/strong> made $15 million (-3%) and Rising Sun<\/strong> [sic<\/em>] scored a measly $4.5 million, down 6.5%. Hollywood Lawrenceburg<\/strong>‘s $16 million represented a 3% dip, Horseshoe Southern Indiana<\/strong>‘s $20.5 million was a 7.5% plunge and French Lick<\/strong>‘s $9 million was a 1% slippage. Lastly, Hoosier Downs<\/strong> was 1% off the pace at $18 million.<\/p>\n

Next door in Illinois<\/strong>, things were scarcely less blah, with revenues ($126 million) down 2%. Subtract a 30%, flood-imposed revenue disaster at Harrah’s Metropolis<\/strong> ($3 million) and the Land of Lincoln \"\"was flattish, as they say on Wall Street<\/strong>. Rivers Casino<\/strong> led the state in both dollars ($43 million) and percentage gain (7%). Jumer’s Casino Rock Island<\/strong> was the only other gainer (2.5% to $6.5 million), while Hollywood Aurora<\/strong> was flat at $11 million and Par-A-Dice<\/strong> was also flat, grossing $7.5 million. The St. Louis<\/strong> market fared poorly, with Argosy Belle<\/strong> down 6% to $4 million and Casino Queen<\/strong> falling 9% to $9 million. Empress Joliet<\/strong> slid 5.5% to $11 million while Harrah’s Joliet<\/strong> tumbled 5% to $16 million. Eldorado had its first taste of adversity at Grand Victoria<\/strong>, down 8% to $14.5 million.<\/p>\n

Missouri<\/strong> revenues where nothing to write home about either, although the Show-Me State was only down 1%. And the statewide $116.5 million gross was more impressive than Illinois’. Ameristar St. Charles<\/strong> \"\"was the statewide champ with $25 million (-3%), closely followed by Hollywood St. Louis<\/strong> ($23 million, +4%). Eldorado\u00a0had 4% adversity at Lumiere Place<\/strong> ($16 million), while there was some trouble (-6%, $21 million) in River City<\/strong>. Among the outlying casinos, only Isle of Capri Boonville<\/strong> had a good month (+3%, $8 million), while Affinity Gaming<\/strong>‘s Mark Twain Casino<\/strong> was bad (-15%, $3 million) and independent St. Jo Frontier<\/strong> (-48%, $2 million) was truly terrible.<\/p>\n

In the Kansas City<\/strong> market, Boyd again dominated, up 2.5% to $19 million at Ameristar Kansas City<\/strong> (above<\/em>), followed by Harrah’s North Kansas City<\/strong> ($18 million, +15%). Argosy Riverside<\/strong> was flat at $15.5 million and Isle of Capri Kansas City<\/strong> rounded things out with a 3.5% decline to $6.5 million.<\/p>\n

In closing: Uff da!<\/p>\n","protected":false},"excerpt":{"rendered":"

Gambling revenue hit a record amount in Maryland last month, up 9% to $164 million. The good news for MGM National Harbor was that winnings were up 4% to $64 million. The bad news is that this was driven by … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[173,40,60,244,176,70,154,199,198,190,97,165,58,68,85,72,245,39,71,69,111,242,31,20,38,139],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/23904"}],"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=23904"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/23904\/revisions"}],"predecessor-version":[{"id":23905,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/23904\/revisions\/23905"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media\/2851"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=23904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=23904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=23904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}