Rising Star Casino in Rising Sun
(Lawrenceburg, Ind.) – The latest Indiana casino revenue numbers show that Cincinnati’s new casino is having a greater impact in southeast Indiana every month it is open.
The Indiana Gaming Commission’s newest monthly revenue report released Monday shows that Hollywood Casino Lawrenceburg was still #1 in the region by taking in $21.1 million in May, a 38 percent decline from the same month last year. The money matter was mirrored by a drop in admissions, down almost 32 percent to 187,841 in May.
Hollywood’s May revenue was barely ahead of the $19.6 million in revenue reported to the Ohio Casino Control Commission by the Horseshoe Casino in Cincinnati, which opened in March.
The picture may be even worse for Rising Star Casino. The Rising Sun riverboat reported $4.8 million in revenue, down 36 percent from last year. The figure is one of Rising Star’s lowest one-month totals since it opened as Grand Victoria Casino in 1996, according to a review of past revenue reports. Attendance slid 28 percent to 74,668 visitors.
Revenues at Belterra Casino in Switzerland County were off 26 percent to $9.3 million in May. Less dramatic was the decline in attendance: down about 16 percent to 115,114 visitors.
The Cincinnati casino gaming market with all four casinos combined totaled $54.8 million last month, about 8.3 percent less than the $59.8 million they accumulated in April.
Indiana lawmakers attempted to pass a package of casino-helping laws during the 2013 legislative session. It would have allowed riverboat casinos to build gaming facilities on adjacent dry land and created tax incentives for casinos to upgrade their facilities.
Alas, the bill was watered down before it made it to Governor Mike Pence's desk for signature. The final version included only about a fifth of the tax breaks the bill contained when it was first introduced. The new law does allow Indiana casinos to claim tax deductions for up to $5 million a year in free gambling vouchers which are given out to lure visitors.