Saturday, March 21, 1998
Argosy revenue drops behind Empress again

BY TANYA ALBERT
The Cincinnati Enquirer

LAWRENCEBURG, Ind. - Argosy Casino Lawrenceburg in February lost its No. 1 rank as the top revenue and tax generating riverboat in Indiana.

In January, it edged out Empress Casino to claim the top spot in the state for the first time since it opened December 1996.

But Empress Casino, in the northwest corner of the state, regained the top spot last month with nearly $19.2 million in revenue and nearly $5.3 million in state and local taxes paid, according to statistics the Indiana Gaming Commission (IGC) released Friday. Argosy's table games and slot machines yielded nearly $17 million and the company paid more than $4.7 million in taxes, according to the statistics. Nearly 445,000 people visited the casino, located about 20 minutes west of Cincinnati.

In Rising Sun, Grand Victoria Casino and Resort brought in nearly $12.8 million from table games and slot machines - known as ''casino win'' - and paid more than $3.4 million in taxes. Nearly 281,000 people visited the casino.

On the surface, February casino win appears lower than it did in January. But because February is a shorter month, the casinos actually brought in more money during February on a per-day basis. Lawrenceburg had about $606,000 in casino win per day in February. It was about $583,490 per day in January, according to IGC statistics.

Rising Sun saw about $456,000 daily in casino win in February; it was about $420,110 in January.