Northwest Indiana Revenue Holding Steady

Sun, May 17, 2015

Riverboat casinos in Northwest Indiana, led by Boyd Gaming’s Blue Chip (l.), posted revenue numbers indicating they're stabilizing after taking a hit from legalized video gambling in Illinois bars and restaurants. April 2015 revenues were $83.6 million, down "only" 2.1 percent compared to April 2014, a recent report showed.

A recent report indicated casino revenues in Northwest Indiana have declined by a smaller percentage in 2015 compared to 2014 on a per-month basis. As a result, seems to be stabilizing following the authorization of video gambling in Illinois restaurants and bars, which affected attendance at the Indiana riverboat casinos.

The report showed in April 2015, Northwest Indiana casinos posted total revenue of $83.6 million, a decline of 2.1 percent over April 2014.

Blue Chip Casino in Michigan City had the largest revenue gain in the Northwest Indiana market, with revenue of $13.4 million for April 2015, a 3 percent increase over April 2014.

Horseshoe Casino reported $36.2 million in revenue with a 6.6 percent drop compared to April 2014. General Manager Dan Nita said this makes the overall drop in Northwest Indiana casino revenue about 1.6 percent. He added the gambling industry has reached a saturation point and the potential opening of a downtown Chicago casino would lead to too much gaming in one area.

**GGBNews.com is part of the Clarion Events Group of companies (Clarion). We take your privacy seriously. By registering for this newsletter we wish to use your information on the basis of our legitimate interests to keep in contact with you about other relevant events, products and services which may be of interest to you. We will only ever use the information we collect or receive about you in accordance with our Privacy Policy. You may manage your preferences or unsubscribe at any time using the link in our emails.