International edition
July 19, 2019

March revenue dropped by 1.9 percent to USD 91.4 million

Northwest Indiana's casinos down 3.6 percent in Q1

Northwest Indiana's casinos down 3.6 percent in Q1
Horseshoe Hammond saw a 4.5 percent drop, to $38.3 million. Its general manager, Dan Nita, said players at the tables, in particular, kept a higher percentage of the money gambled this year.
United States | 04/15/2019

Indiana Gaming Commission reported USD 229.4 million in gaming revenue at Northwest table games and slot machines the first three months of this year. Gaming win revenue at the state's casinos was off 1.7 percent in March, to USD 217.4 million, and Q1 ended 2 percent down from the first quarter of 2018.

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orthwest Indiana's casinos ended the first quarter of 2019 with gaming revenue off 3.6 percent from the same period a year ago, having taken in $229.4 million at their table games and slot machines the first three months of this year.

March revenue, reported Thursday by the Indiana Gaming Commission, was down 1.9 percent to $91.4 million. The casinos are trying to fight back from a weather-beaten January, when year-over-year revenue was down 10.7 percent. In February, they recorded a 1.5 percent gain before dipping just below even last month.

Blue Chip Casino posted a 1.6 percent gain in March, to $15.3 million. The Michigan City casino is outpacing 2018 by 2.2 percent, with $37.5 million in first-quarter gaming win. Ameristar Casino in East Chicago recorded the Region's other March gain, up less than 1 percent to $23 million. Ameristar is down 4.3 percent for the first quarter, to $56.2 million.

Majestic Star Casino in Gary, under new ownership after its purchase by newly formed Spectacle Entertainment, had a 2.4 percent decline in gaming win at its two Buffington Harbor boats. Its March revenue of $14.7 million brought its quarterly total to $38.2 million, up less than 1 percent from a year ago. Horseshoe Hammond saw a 4.5 percent drop, to $38.3 million.

Horseshoe's patrons reaped the benefit from that, said its general manager, Dan Nita, as reported by The Times of Northwest Indiana. "We grew our slot volume and we grew our table drop," he said, citing increases in the amount of money played. But players at the tables, in particular, kept a higher percentage of the money gambled this year.

Gaming win revenue at the state's casinos was off 1.7 percent in March, to $217.4 million. For the quarter, the $548.4 million haul is down 2 percent from the first quarter of 2018. Nita said revenue on the Illinois side of the Chicago market was up slightly in March.

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