Friday, March 29, 2013
The industry realized a 2 percent drop in gross revenue according to its 2012 "State of the Industry" annual report.
Consumers are still placing those bets, they just might be placing them a little more conservatively at the moment. In its 2012 "State of the Industry" annual report, the Missouri Gaming Association reported the Missouri casino industry generated $386 million in gaming tax revenue for Missouri last year. Revenue Still, the Missouri casino industry saw adjusted gross revenue in the 2012 calendar year slip 2 percent to $1.77 billion. In 2011 that figure was $1.80 billion. Hollywood Casino is realizing a similar trend. It's revenue is down nearly 10 percent to $20.7 million compared with February 2012. Its 'Boogie Nights' Nightclub opens next week, which may add additional foot traffic to the building. Jobs, Philanthropy and Traffic …
Tuesday, March 12, 2013
Revenue figures from casinos across St. Louis are down.
Penn National Gaming's Hollywood Casino St. Louis in Maryland Heights, formerly Harrah's, saw its revenue fall 9.9 percent, to $20.7 million compared with February 2012, the St. Louis Business Journal reports. In January, Hollywood Casino saw revenue drop year-over-year by 6 percent, to $19.4 million compared with January 2012. But Hollywood is not alone. In fact, every St. Louis-area casino is in a similar situation. All six gambling halls turned in declines compared with February 2012, the St. Louis Post-Dispatch reports. From the Post-Dispatch: Casino February change Revenue (in mill.) Hollywood -9.9 $20.7 River City -3.1 $16.9 Lumiere Place -9.9 $13.9 Ameristar -6.3 $21.9 Casino Queen -10.7 $10.5 Argosy Alton -8.9 $5.6 Market total -7…
Tuesday, January 29, 2013
With revenue growth slowing in St. Louis' casino market, owners of casinos like Maryland Heights' Hollywood Casino are being forced to rethink strategy.
Monday, May 7, 2012
STL Today cites a Bloomberg News article saying Harrah's Casino in Maryland Heights is close to being sold.
Thursday, January 26, 2012
Group will ask the St. Louis County Council to eliminate smoking ban exemptions.
Tobacco-Free St. Louis will push the St. Louis County Council to expand the current smoking ban in the county to eliminate exemptions to the 2011 Clean Air Act. Businesses eligible for smoking bans include casinos, Lambert International Airport and bars where food makes up a small percentage of sales. The airport later went smoke-free despite its exempt status. The group made the announcement during a press conference Thursday morning at Three Kings Public House in University City. The group said there are currently 145 exemptions to the ban with the majority of those (56) coming in the North County area. There are 20 exemptions in mid-County, 41 in South County and 29 in the West County area. "The most vulnerable are the ones who are most…
Tuesday, September 13, 2011
Missouri Gaming Commission releases monthly revenue reports.
Missouri Gaming Commission and the Illinois Gaming Board released the revenue reports for St. Louis metro area casinos in August.