April was the second month of operations for Pinnacle’s new venue

River City continues to boost St. Louis casino revenue

2010-05-17
Reading time 49 seg

April was the second month of operations for Las Vegas-based Pinnacle Entertainment’s new River City Casino, which opened March 4. River City reported revenue of us$ 13 million in April, down 18 % from us$ 15.9 million in March.

Here’s how the other six casinos performed in April, according to reports Monday by the Missouri Gaming Commission and Illinois Gaming Board:

Pinnacle’s President Casino saw its April revenue fall 27 % to us$ 1.4 million from us$ 2 million in April last year. Pinnacle plans to close the President Casino by July after gaming regulators moved to revoke the property’s gaming license for declining revenue.

Pinnacle’s Lumiere Place saw April revenue of us$ 14.2 million, down 12 % from us$ 16.9 million in April 2009.

Ameristar Casino in St. Charles saw its April revenue fall 8 % to us$ 22.8 million from us$ 24.9 million in last year’s month.

Harrah’s Casino in Maryland Heights recorded revenue of us$ 24.3 million, up 2 % from us$ 23.8 million in April 2009.

Casino Queen in East St. Louis saw its revenue fall 10 % to us$ 10.7 million last month from us$ 11.9 million in April 2009.

Argosy Alton’s revenue fell 10 % last month to us$ 6.6 million from us$ 7.4 million in April 2009.

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