Rising Star Casino Revenues Improve In 1Q
By Mike Perleberg
(Rising Sun, Ind.) – For perhaps the first time since before the economic recession of 2008, Rising Star Casino Resort has seen its quarterly gaming revenue increase.
The riverboat in Rising Sun collected $11.36 million in gaming revenue in the first quarter of 2016, up nearly nine percent from the $10.42 million the casino brought in during the first three months of 2015. The numbers are according to monthly revenue reports released by the Indiana Gaming Commission.
Rising Star Casino was the only southeast Indiana riverboat to report a revenue increase. Hollywood Casino Lawrenceburg remains the top dog by far with $44.54 million raked in during the first quarter, but that is down just slightly by 1.3 percent from a year ago. Belterra Casino Resort & Spa in Switzerland County’s revenue was down 12 percent to $24.57 million.
All three local casinos saw their attendance improve from last year’s first quarter. This year so far, Rising Star is up nearly 5.4 percent to 183,164 visitors. Hollywood’s turnstiles have counter 402,233 people for a two percent increase. Belterra attendance was up 3.5 percent to 279,795.
Statewide at Indiana’s 11 casinos and two horsetrack racinos, total revenues were up one percent to $543.95 million. Attendance across the state was down, however, by 3.2 percent to 4.24 million visitors.