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SEI Casino Revenues Take 44% Dip In January

Posted On February 11, 2014

By Mike Perleberg

Rising Star Casino and Resort in Rising Sun. file photo

Rising Star Casino and Resort in Rising Sun.
file photo

(Lawrenceburg, Ind.) – The latest southeast Indiana riverboat casino numbers show a continuing downward trend.

The monthly figures compiled by the Indiana Gaming Commission reveal that three local riverboats in Lawrenceburg, Rising Sun, and Switzerland County combined for $25.5 million in January, a typically slow month for gamblers weary from the holidays and winter weather. The revenue figure is down 44 percent from January of 2013 when revenue totaled $45.6 million.

Overall attendance at the Hollywood Casino Lawrenceburg, Rising Star Casino and Resort, and Belterra Casino Resort fell 40.4 percent from the same month a year ago to 257,063 visitors.

Despite the most dramatic decline in the region of 49.2 percent, Hollywood Casino managed to remain as the tri-state’s top casino with $14.3 million, just ahead of Horseshoe Casino Cincinnati’s $14.2 million last month. Attendance at the Lawrenceburg riverboat was off similarly: down 45 percent to 130,129 people.

Rising Star Casino in Rising Sun reported a new low of $3.6 million, a decline of 42.9 percent. Attendance dropped by 35.6 percent to 51,391.

Belterra Casino in Switzerland County reported $7.5 million in revenue in January. The decline was less dramatic than its neighbors to the north at 31.2 percent. Belterra saw 75,543 visitors step aboard, down 33.9 percent from January of last year.

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