Full House Resorts Expects Sportsbetting At Rising Star Casino This Fall

The company gave an update to stockholders last week, with plenty of insight on Rising Star Casino in Rising Sun.

File photo

(Rising Sun, Ind.) - The company which owns Rising Star Casino in Rising Sun is hoping that the addition of sport betting will help its bottom line.

Las Vegas-based Full House Resorts released a second quarter earnings update to stockholders Thursday, August 8. CEO Dan Lee said sports betting is expected to be offered at Rising Star Casino starting this fall.

"Through our online sports wagering partners, anyone in the state -- including those living in the populous areas around Indianapolis and Northwest Indiana -- will be able to conveniently place sports wagers from anywhere in the state via the Internet. Given the positive impact of sports wagering at our Silver Slipper Casino in Mississippi over this past year, we expect sports wagering to have a significant impact at Rising Star,” said Lee.

Indiana lawmakers moved to legalize sports betting at the state’s casinos earlier this year. The first bets could be placed September 1, if the Indiana Gaming Commission approves rules and regulations for the activity toward the end of this month.

All of Indiana's casinos have applied to offer sportsbetting

Lee added that the company anticipates working with three online sports wagering partners, each offering online betting and an on-site sportsbook.

The Full House Resorts stockholder update included several other notes on Rising Star Casino.

Several new “key property directors” were added at the local riverboat in the second quarter.

Lee partly attributed a drop in revenues at Rising Star – they fell from $12.5 million in the 2018 second quarter to $11.6 million this year’s second quarter – to repaving of U.S. 50, one of the main highways leading to the casino.

Because of the construction adversely affecting operations, the casino decided in May to make its new MS Lucky Lady ferry on the Ohio River free to all vehicles every day. The ferry, which first debuted last year, saw record usage in July. Weekday and weekend usage of the ferry boat in July grew 69 percent and 56 percent versus June, respectively.

“As a result of the increased ferry traffic, management has decided to continue to operate the ferry on a free basis, believing the increased traffic is more important to the casino than the ferry revenue,” the company said.

Full House Resorts is also evaluating whether to pursue a potential expansion opportunity with a new casino in Terre Haute, Indiana approved under a new state law. That law also reduces some gaming taxes for Indiana casino operators starting July 1, 2021.


AP Report: Indiana Sports Betting Could Be Up And Running By NFL Season

Indiana Gaming Commission Releases List Of Approved Events For Sports Betting

Hollywood, Belterra Among Sports Betting Applicants

Governor Signs Law To Legalize Sports Betting, Casino Tax Changes That Could Harm Local Cities

SEI Casino Towns Hit Hard: Lawmakers Pass Sports Betting, Casino Gaming Bill After Last Minute Changes

More from Local News


Two Suspects At-Large After Robbery In Hebron

Can you help police identify these two men?

Controversial State Bill Would Degrade Indiana’s Wetlands

SB 229 could face a House Committee hearing as early as next week.

Dearborn Co. Recycling Center Hosts ReProm Dress Exchange

Over 1,000 dresses will be available, helping you save big money this prom season.

Local Sports Report - February 20

Several boys swimmers advanced to the sectional finals on Saturday and "old timers" took to the court for an alumni game at LHS.

Local Sports Report - February 14 & 15

East Central's run in the girls basketball state tournament comes to an end in the final 8. Jac-Cen-Del's season ended in the Sweet 16. And a few local wrestlers punch their tickets to State.

Boone County HS Cheerleaders Claim Back To Back National Title

The UCA High School Nationals were held in Orlando, Florida this past weekend.

On Air

Your Hometown Radio Station playing
Luke Bryan - Someone Else Calling You Baby

Patty Loveless Blame It On Your Heart 11:38
Jason Aldean We Back 11:32
Kip Moore Last Shot 11:28
Dustin Lynch Ridin' Roads 11:25