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Increasing Competition For Gaming Dollars Impacts SEI Riverboats

Posted On June 10, 2014

By Mike Perleberg

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Belterra Casino Resort & Spa in Switzerland County is owned by the same company that opened Belterra Park in Hamilton County’s Anderson Township last month.

(Lawrenceburg) – New casino gaming numbers show the first affects of yet another new casino in the tri-state.

The new Belterra Park Gaming & Entertainment Center in Anderson Township in eastern Hamilton County raked in $5.7 million in revenue during its first month of operation, according to Ohio Casino Control Commission data released Monday. The Pinnacle Entertainment-owned facility with video slots but no live table games opened on May 1.

Horseshoe Casino in Cincinnati generated $17.2 million to beat out Hollywood Casino Lawrenceburg’s $16.1 million and earn the top spot among the region’s six gaming facilities.

Monthly numbers published by the Indiana Gaming Commission Monday show that Hollywood’s May revenue was a 23.9 percent decline from the $21.1 million reported in May of 2013. Attendance numbers in Lawrenceburg were down 24.6 percent to 141,548.

Belterra Casino Resort & Spa riverboat in Switzerland County – also owned by Pinnacle Entertainment – reported $8.7 million in revenue, off by 7.0 percent from a year ago. The number of visitors fell by 13.5 percent to 99,524.

Rising Star Casino Resort in Rising Sun checked in with $4.2 million dollars in May. The figure was a 12.7 percent decrease from last year. Attendance there was 66,676 last month, down by 10.7 percent.

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