Thursday, December 13, 2001
Argosy wants weekday gamblers
Outlines plan for more attractions
By Cliff Peale
The Cincinnati Enquirer
LAWRENCEBURG Bringing more gamblers to Argosy Casino on weekdays is the best way to ensure its long-term success, the casino company is telling state regulators.
That means a bigger hotel and more attractions that will bring people to Dearborn County.
We need to attract more peo ple to make the facility more successful during the week, said James Perry, president and chief executive officer of Argosy Gaming Co., which owns the complex here and five other casinos.
With the biggest and most successful riverboat casino in the country, Argosy has reaped the lion's share of the benefits in Greater Cincinnati. That includes operating profits of nearly $100 million during the first nine months of this year.
With an open market between Cincinnati and Louisville five years ago, Argosy grabbed the prime spot on U.S. 50 just off Interstate 275.
Most visitors from Cincinnati to its main competitor, Grand Victoria Casino in Rising Sun, have to pass Argosy's main entrance on the way.
The prime location gave Argosy first dibs on the nearly 2 million people in Greater Cincinnati, as well as visibility for those coming from Indianapolis or cities to the north.
Mr. Perry is looking to possible competition from Ohio and Kentucky as those states consider adding other forms of gambling, such as slot machines at racetracks.
He said the racinos could hurt Argosy's business.
We'll have to protect our flanks, but we wouldn't do anything to diminish the impact of what we have here, Mr. Perry said.
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