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Indiana Live Casino results above projections

11 July 2008

INDIANA -- As reported by the Shelbyville News: "Despite inclement weather, flooding, high gas prices and a sluggish economy, the gross revenue figures for Shelbyville's Indiana Live! Casino were above its own financial projections.

"According to casino general manager Mark Hemmerle, Indiana Live! management is quite pleased with the performance of the temporary facility that opened to the public on June 9. The casino reported an adjusted gross revenue of $10,269,149 for the month of June when thousands of people from around central Indiana crowded into the stylish black and silver Sprung structure to try their luck on approximately 1,900 slot machines.

"Hoosier Park in Anderson opened its casino one week ahead of Indiana Live! in a permanent instead of a temporary facility with 2,000 slot and electronic gaming tables and reported gross receipts of $15,738,911, which is $5,469,762 more than the Shelbyville casino.

"Those big numbers translate into a healthy tax payment for state coffers with Hoosier Park sending $3,980,052 and Indiana Live! paying $2,567,287 for the month of June, which translates to approximately 25 percent from each casino of the adjusted gross revenue resulting from gambling..."

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