B.R. casinos buck losing trend in April, post 4% winnings increase

B.R. casinos buck losing trend in April, post 4% winnings increase




While the state's 10 riverboat casinos outside Baton Rouge posted a combined decrease in winnings of about 8% in April compared to the same month last year, the Belle of Baton Rouge and Hollywood Casino collectively won 4.3% more from gamblers on the month, according to figures out today from the Louisiana Gaming Control Board. The Belle accounted for most of that increase, taking in $6.9 million in April, a 9.9% increase. Hollywood Casino's $10.5 million in winnings represented just shy of a 1% increase. When Baton Rouge's casinos' winnings are added to the losses seen at casinos in the Shreveport, Lake Charles and New Orleans markets, Louisiana's riverboat casinos saw combined winnings dip 5.9%—from $139.6 million in April 2011 to $131.5 million last month. Louisiana's lone land-based casino, Harrah's in downtown New Orleans, also had a tough April, taking in $26.8 million on the month—8.4% less than in April 2011. Louisiana's four racetracks took in a combined $33.2 million, which is 1% less than a year ago. The figures do not include Indian reservation casinos in Louisiana, which are not required to report their winnings to the public. You can access complete casino revenue reports at the Louisiana Gaming Control Board's website here.



comments powered by Disqus