Casino

NWI casinos start 2020 on winning note; gaming revenues up 14.5% over 2019

Wednesday 12 de February 2020 / 14:16

⏱ 2 min read

(United States).- A favorable calendar, the advent of sports betting and, most of all, a mild winter helped Northwest Indiana's five casinos kick off 2020 on a winning note, scoring a 14.5% increase in year-over-year gaming revenues in January.

NWI casinos start 2020 on winning note; gaming revenues up 14.5% over 2019

"I think it's more the weather, but sportsbooks did play a role," Dan Nita, regional president for Caesars Entertainment, Horseshoe Hammond's parent company, said.

Horseshoe Hammond, Ameristar in East Chicago, Blue Chip Casino in Michigan City and Majestic Star I and II casinos in Gary took in a combined total of approximately $75.4 million in gaming revenues in January, compared to about $66 million in revenues in a much colder January 2018.

Every casino posted increases, according to the monthly revenue report released Feb. 10 by the Indiana Gaming Commission.

Ameristar raked in $17.9 million in slots and table game revenue, a 10.5% hike over the $16.2 million it took in the previous January, Blue Chip took in $12.23 million compared to $10.3 million, an 18.7% jump. Horseshoe Hammond brought in $34 million compared to $28.6 million, an almost 19% hike,

Majestic Star I took in $6.9 million compared to $6.5 million, a 6% climb, and Majestic Star II brought in $4.4 million compared to $4.3 million, , a 2.3% increase.

"I think it's a great way to kick off 2020," said Nita, who added that Horseshoe saw growth in both coin in and table drop.

Sportsbooks weren’t opened until the start of football season so there are no year-over-year comparisons. However, sports betting was strong last month at the region’s three sportsbooks -- Horseshoe’s The Book, Blue Chip’s Fanduel, and Ameristar’s sportsbook -- with the Super Bowl in early February and March Madness soon to follow.

"We're very pleased at Horseshoe with the continued growth in retail sports betting volume," Nita said.

"Sportsbooks have had positive results for Horseshoe and Northwest Indiana," he said.

In January, Horseshoe had a handle (amount of wagers placed) of about $13.7 million and taxable adjusted gross revenue (handle minus payouts on winning wagers) of $1.8 million. Ameristar's handle was $73 million and its taxable AGR was $6 million, while Blue Chip's handle was $52 million with a taxable AGR of $2.8 million.

Neither Majestic Star casino has a sportsbook.

Categoría:Casino

Tags: Sin tags

País: United States

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