Hollywood Casino #2 In November; Will New Hotel Increase Revenues?

By Mike Perleberg

The Lawrenceburg Event Center and Doubletree by Hilton hotel are operated by Hollywood Casino Lawrenceburg. Photo by Mike Perleberg, Eagle 99.3. (Lawrenceburg, Ind.) – Hollywood Casino Lawrenceburg’s 27 percent revenue slide in November caused the property to fall back to second in the tri-state gaming market. New monthly revenue numbers were released Wednesday by the Indiana Gaming Commission. The report shows Hollywood Casino reporting $13.8 million in revenue last month, down from about $19 million in November 2013. Hollywood’s attendance decreased 23 percent to 123,275. Horseshoe Casino Cincinnati claimed November’s top spot in the region with $15.8 million in revenue, down about 10 percent from last year. The Lawrenceburg riverboat is hoping the addition of the Lawrenceburg Event Center nearby will help boost admissions and, in turn, revenues. This week the new Doubletree by Hilton hotel began welcoming guests at the new $55 million facility operated by Hollywood. LAST WEEK: Report: Hollywood Casino Lays Off “Limited Number” Of Employees Elsewhere, Rising Star Casino Resort in Rising Sun reported $3.2 million in revenue in November, down about 36 percent from $5 million in the same month last year. Attendance decreased more than 22 percent to 54,042. Rising Star Casino executives have previously voiced its wishes for Indiana lawmakers to permit Indiana casinos to do away with their riverboats and place slots and table games on land. Rising Star general manager said the law change would allow the property to be more competitive. The idea received a favorable recommendation from an interim study committee at the statehouse in October. Revenues at Belterra Casino Resort & Spa in Switzerland County fell by 16.5 percent from $10.1 million to $8.43 million. Attendance was down about 15 percent to 84,241 during the month. At Indiana’s 13 gaming facilities across the state, revenues were off by 8.2 percent from a year ago at $170.5 million. About 9.5 percent fewer people, 1.45 million this year, visited an Indiana casino in November. RELATED STORIES: Report: Hollywood Casino Lays Off “Limited Number” Of Employees Tri-State Casinos’ Combined Revenues Up 5%; Hollywood Casino #1

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