{"id":27722,"date":"2020-08-11T07:45:34","date_gmt":"2020-08-11T15:45:34","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=27722"},"modified":"2020-08-13T06:01:11","modified_gmt":"2020-08-13T14:01:11","slug":"indiana-missouri-ohio-rebound-illinois-not-so-much","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/indiana-missouri-ohio-rebound-illinois-not-so-much\/","title":{"rendered":"Indiana, Missouri, Ohio rebound, Illinois not so much"},"content":{"rendered":"\n
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It was back to business as almost normal in Indiana<\/strong> last month. The Hoosier State was only 5.5% 0ff its July 2019 pace, grossing $171 million. (They’ve been open since June 15.) The relative novelty of table games\u2014$5 million\u2014at Indiana Grand<\/strong> and Hoosier Downs<\/strong> didn’t hurt. Nor did an extra weekend day. A rising tide did not lift all riverboats. For instance, Blue Chip<\/strong> (pictured<\/em>) slid 30.5% to $9 million. Top performer by far was Horseshoe Hammond<\/strong> ($30 million), down 7.5%. The biggest recovery\u201427%\u2014was at Ameristar East Chicago<\/strong>, which brought in $21 million. The two Majestic Star<\/strong> boats did quite respectably: $7 million (-11%) at Majestic Star I<\/strong> and $4.5 million (-6.5%) at Majestic Star II<\/strong>. Down at French Lick Resort<\/strong>, receipts were $5.5 million, a 34% tumble.<\/p>\n\n\n\n

In the southern tier, Indiana Grand led with $23 million, up 6.5%. Caesars Southern Illinois<\/strong> followed with $18 million, off only 2.5%. Belterra Resort<\/strong> slipped 15% to $8.5 million, Tropicana Evansville<\/strong> was down 13% to $11 million, Rising Star<\/strong>‘s $4 million was a 7% slippage while Hoosier Downs grossed almost $18 million, just 2.5% off the pace. Hoosier sports betting was at its best since March, with $71 million in handle. That’s despite only eight days<\/em> of major-league sports. Had their been a full month of play, books would easily have met or exceeded the expected $90 million. Revenue came in just under $7 million. DraftKing<\/strong>s (Ameristar) led online wagering with $33 million, followed by FanDuel<\/strong> (Blue Chip) with $24 million and everybody else very<\/em> far behind.<\/p>\n\n\n\n\n\n\n\n

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Missouri<\/strong> casinos grossed $139 million, just 8.5% off from last year at this time. Slots ($115 million) were down 8% while tables ($17.5 million) shed 11%. Players shunned Hollywood Casino St. Louis<\/strong> ($14.5%, -29%) in favor of neighboring Ameristar St. Charles<\/strong> (flat, $23 million), proving that you can’t keep a good casino down. Lumiere Place<\/strong> held its own, down 9% to $11.5 while River City<\/strong> struggled a bit, its $15 million a 17% decline. All outstate casinos were revenue-positive (particularly Century Cape Girardeau<\/strong>) except Isle of Capri Boonville<\/strong>, which plunged 19.5% to $5.5 million. In Kansas City<\/strong> it was a big win for Harrah’s North Kansas City<\/strong>, up 12% to $16 million. Ameristar Kansas City<\/strong> had an unwontedly bad month, falling 12% to $14 million. Argosy Riverside<\/strong> grossed $13.5 million, off 6.5% and Isle of Capri Kansas City<\/strong> dipped 13% to a mingy $4.5 million.<\/p>\n\n\n\n

A full month of gambling didn’t much help casinos in Illinois<\/strong>, which plummeted 28.5%. True, limited capacity may have played a role but we’re not hearing that excuse from other jurisdictions. The gross was but $82.5 million and $30 million of that came from Rivers Casino Des Plaines<\/strong> despite being down 18%. Except for Harrah’s Joliet<\/strong> (-19% on $12 million), most of the other results ranged from dire to calamitous: Empress Joliet<\/strong> $6 million, -45%, Hollywood Aurora<\/strong> $6 million, -35.5%; Grand Victoria<\/strong> $9 million, -29.5%; Par-A-Dice<\/strong> $4 million, -39%; Jumer’s Casino Rock Island<\/strong> $3 million, -55.5%; Harrah’s Metropolis<\/strong> $5 million, -23%; Casino Queen<\/strong> (a rent deadbeat, it ought to be called “Welfare Queen”) $5.5 million, -33% and Argosy Belle<\/strong> $2 million, -43%. Two million? Does that even cover the electric bill?<\/p>\n\n\n\n

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This just in<\/strong> … A late-break dispatch from Ohio<\/strong> shows casino revenues growing 11.5% to $181 million. Let that sink in a moment. Racinos were only up 3.5% but casinos leapt 23%. Breakaway leader was Hollywood Toledo<\/strong>, whose $33 million was a 98% moonshot from last year. We’ve been hard on Dan Gilbert<\/strong> in the past so it should be noted that his gambling houses did well, with Jack Cleveland<\/strong> up 5.5% to $18 million and Jack Thistledown<\/strong> jumping 20% to $15 million. Struggling a bit were Hollywood Columbus<\/strong>, down 4.5% to $18 million and Hard Rock Cincinnati<\/strong>, off 5.5% to $16.5 million. Usual state leader MGM Northfield Park<\/strong> had to settle for second place with $19 million and -11%. Scioto Downs<\/strong> grew 7% to $17 million (look out, MGM) and Hollywood Dayton<\/strong> jumped 14% to $11 million. Miami Valley Gaming<\/strong> was up 2% to $15 million while Belterra Park<\/strong> slipped 2.5% to $7 million and Hollywood Mahoning Valley<\/strong> gained 4% to $11 million. Discretionary capital is clearly not a problem in the Buckeye State.<\/p>\n","protected":false},"excerpt":{"rendered":"

It was back to business as almost normal in Indiana last month. The Hoosier State was only 5.5% 0ff its July 2019 pace, grossing $171 million. (They’ve been open since June 15.) The relative novelty of table games\u2014$5 million\u2014at Indiana … 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":[60,244,281,176,154,277,278,190,165,58,68,245,39,71,69,243],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/27722"}],"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=27722"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/27722\/revisions"}],"predecessor-version":[{"id":27724,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/27722\/revisions\/27724"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=27722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=27722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=27722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}