CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
Related News

Gaming News

 

Alton Belle Casino's Numbers Down

19 January 2004

ALTON, Missouri – As reported by the (Missouri) Telegraph: "With fierce advertising battles raging between two of Missouri's larger gaming boats -- and repercussions from new, higher state taxes on revenues -- the Alton Belle Casino's adjusted gross receipts and admissions fell for the second year in a row in 2003.

"According to recently released figures from the Illinois Gaming Board, the Alton Belle Casino had adjusted gross receipts of $109,070,000 in 2003, down $9,716,000, or about 8.91 percent, from the $118,786,000 in AGR the previous year.

"The company, though, reported later that Alton Belle Casino revenues were $118,914,000 in 2002, net revenues were $114,162,000 and income from operations were $27,890,000.

"…There were 1,461,515 admissions at the casino in 2003, compared to 1,656,892 in 2002, a 13.4 percent drop.

"…On the positive side for the casino, its AGR or win per admission, continues to rise as follows: $75 (2003); $72 (2002); $70.95 (2001); and $65.87 (2000).

"Argosy Gaming Co. of Alton, which owns the Alton Belle Casino, has not released its annual report or earnings for 2003. Last year the company reported the Alton Belle had $118,914,000…"

< Gaming News