April Horseshoe results leave Indiana casino average in dust
The higher admissions also translated into increased wagering. Last month, US$194.7 million was wagered at the casino, a slight increase from US$ 193 million wagered in April 2013.
The casino’s adjusted gross revenue changed little, justUS$ 23.6 million, compared with US$ 23.7 million a year earlier.
Horseshoe, located near Louisville in Elizabeth, Ind., is part of Caesars Entertainment. It fared better than Indiana casinos as a whole in April.Overall, Indiana casinos reported that admissions fell to 1,544,557 in April from 1,717,524 in April 2013.Total wagering at Indiana casinos fell US$ 1.9 billion from US$ 1.95 billion in April 2013.
Earlier this week, the Indianapolis Business Journal reported that Indiana lawmakers are studying how they might respond to increased competition and an ongoing decline in revenue from casinos statewide.
Indiana casino revenue dropped to US$ 192 million in April from US$ 207 million a year earlier, according to the report.And, the report noted, the taxes paid to the state have dropped from a peak of nearly US$876 million in 2009 to about US$ 752 million in fiscal 2013.
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