Tuesday, September 23, 2003

What's the buzz?

Indiana casinos post record wins

By Robert Anglen
The Cincinnati Enquirer

Southeast Indiana's three Ohio River casinos posted record revenues last month, bringing in a combined total of $100 million.

Numbers released Monday by the Indiana Gaming Commission show that August was the latest in a string of record-high months for number of visitors and the amount they gambled.

Win is the amount customers lose on slots and table games. It accounts for the money a casino takes in before it pays salaries, taxes and other expenses.

The Argosy Casino in Lawrenceburg had its busiest month ever, bringing in 353,197 visitors and winning $38.3 million. Last August, the casino had 332,722 visitors and won $35.7 million.

Grand Victoria in Rising Sun had 150,461 visitors last month and won $13.2 million, up $400,000.

Belterra Casino in Florence, about midway between Louisville and Cincinnati, had 175,473 visitors and won $21.6 million, up $2.2 million from last year.

But Caesar's Indiana near Louisville saw a $300,000 drop in revenue last month from August 2002. The cause in part: a huge hit at its two baccarat tables.

Instead of the $106,000 monthly win the casino has averaged this year, it posted a $68,570 loss. "It seems several players were lucky at that game in August," Caesar's spokeswoman Judy Hess said.

Caesar's won $25.5 million in revenue and hosted 318,298 visitors in August.

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