International edition
September 19, 2020

Iowa Racing and Gaming Commission report

Rhythm City Casino revenue piles up in June

Rhythm City Casino revenue piles up in June
Davenport's Rhythm City Casino took in about 40 percent more in June than it did in May, after the June 16 move into a new complex along Interstate 80.
United States | 07/29/2016

Davenport's Rhythm City Casino took in about 40 percent more in June than it did in May, after the June 16 move into a new complex along Interstate 80.

M

onthly reports from the Iowa Racing and Gaming Commission show Rhythm City's adjusted gross income went from May's $3.45 million to $4.8 million in June.

The two other Quad-Cities casinos showed declines from May to June. Jumer's in Rock Island dropped about $550,000, to $6.23 million in adjusted gross income. Isle of Capri in Bettendorf, which opened its own new land-based casino June 24, saw its AGR drop from $5.65 million May to $5.42 million in June.

While Rhythm City is still the smallest in terms of AGR, June admissions of 120,753 pulled it from last in May to first in June attendance

Jumer's spokesman Bill Renk said business levels compared to this time last year are up.

"Hopefully, this is an indication that the market is growing. Which would be good for all the casinos and the Quad-Cities as a whole"

Asked for comment on the June results, Rhythm City's general manager, Moe Hyder, said he's pleased but could comment more meaningfully when a full month's data is in for both new casinos.

Jill Alexander, a spokeswoman for Isle of Capri, said that as a publicly traded company, the Isle discusses financial reports only on a quarterly basis.

 

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