Hollywood Casino #1 In February, But Just Barely
By Mike Perleberg
(Lawrenceburg, Ind.) – Like two heavyweights, Hollywood Casino Lawrenceburg and Horseshoe Casino Cincinnati continue to duke it out for gaming revenue supremacy.
Only about $78,000 more revenue allowed Hollywood Casino to remain the tri-state’s top-grossing casino in March. Hollywood reported $16,579,247 in revenue for the month while Horseshoe had $16,501,097, according to monthly gaming commission reports from Indiana and Ohio.
Horseshoe Casino Cincinnati celebrated its first full year in operation on March 4. Since that date, southeast Indiana’s three riverboats have witnessed dramatic declines in the number of gamblers visiting, and in turn revenues have fallen. In February, Hollywood along with Rising Star Casino Resort and Belterra Casino, Resort and Spa combined for $29.6 million in revenue, off 37.2 percent from $47.2 million made in the same month a year ago.
Visits to the three Indiana casinos fell 32.4 percent from 449,980 last year to 304,380 this past month.
Hollywood Casino Lawrenceburg’s $16.5 million in revenue was a decline of 43 percent from its take in February of 2013. Visits were down 40 percent to 150,612.
Rising Star revenues slid 35 percent to $4.2 million last month while attendance tumbled 25 percent to 61,372.
At Belterra in Switzerland County, the gross revenue figure was down 20 percent in February to $8.8 million. The number of gamblers making the trip there was 92,396, a decline of about 21 percent.