Sunday, March 26, 2000

Local slot machines not a bad bet

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BY CLIFF PEALE
The Cincinnati Enquirer

        What happens to all those quarters you put in the slot machine at your favorite riverboat casino? If you last long enough, more than 90 percent of them will come back to you.

        Both Argosy Casino in Lawrenceburg and Grand Victoria Casino in Rising Sun are among the industry leaders in “paybacks,” or how much of the money wagered is returned to the customer.

        At Argosy, the payout from slot ma chines was 94.06 percent last year, and at Grand Victoria, it totaled 93.61 percent, according to Casino Player magazine.

        In February, visitors bet $392 million in slot machines at Argosy, and the company “won,” or collected gross gaming revenue of $22.7 million.

        Similarly, Grand Victoria “won” $11.6 million on bets of about $166 million during the month, according to numbers from the Indiana Gaming Commission.

       

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