There are seven casinos in the St. Louis area, but only one is kicking ass at the moment, River City.
River City, according to a report in various media outlets, is bringing in the gamblers in astonishing numbers, helping to make the entire industry in the city profitable.
Of the seven casinos in the St. Louis area, six of them experienced decreases in revenue for June in comparison to the same month in 2009.
The total take for the seven is about $85.8 million, up from the $82.3 million from the same period a year earlier.
River City decreased from their May revenue figure of $15.2 million, but still clearly was better than most other St. Louis casinos with revenue of $13.3 million in June.
Guess they like to gamble more in K.C.
Ameristar Casino had the highest revenue of all casinos at $23.4 million. Harrah’s Casino revenue was down twelve percent, to $20.1 million.
Pinnacle finally closed the President Casino after year’s of battling with the Missouri Gaming Commission over the state of the riverboat casino. The figures for June at the President were even more disappointing because of flooding that had the casino closed for ten days. The total revenue for June was $618,476 at the President.
Pinnacle has other properties in St. Louis, and their relationship status with the Gaming Commission led them to agree to close the President.
Lumiere Place, which is one of the newest casinos in the city, brought inf $12.8 million, down from $14.7 million in June of 2009, a 13 percent decline.
Casino Queen and Argosy Alton casinos had two of the lowest revenue figures in the area. Casino Queen saw revenue drop twenty percent, from $12 million last June, to $9.6 million this year. Argosy Alton’s revenue only dropped one million, from $7 million to $6 million.
Now my take is that all of these casinos are first rate. I’d like some feedback from those who have visited any of the casinos. What do you think?
I admit that I’ve been ONLY to River City, mainly because of its reputation, so I can’t bust on the others.
But I’d sure like to find out why their numbers are down.
Of course, one reason could be their demographics, their location.
And the economy. Who has disposable income these days?