SEARCH NEWS:

 

Missouri casino numbers down

MISSOURI – As reported by the Kansas City Star: "Frigid February flattened casino revenues in Kansas City and elsewhere around the state and the nation.

"The Missouri Gaming Commission reported local casinos' take from gamblers dropped 0.5 percent, to $59.6 million, from February last year. Statewide, Missouri's 11 floating gambling parlors' winnings slipped 1.3 percent, to $132 million.

"Casino winnings dropped with February's temperatures in other states, too, declining 2.5 percent in Illinois, 6.7 percent in Indiana, 4.1 percent in Iowa, 1.7 percent in Delaware, and 4.8 percent in New Jersey's Atlantic City.

"CIBC World Markets analyst David Katz issued an early warning to investors that Missouri casino earnings are already running behind his annual forecast on the heels of a January revenue swoon of 7 percent brought on by mid-month ice storms.

"…For the month, Kansas City area casinos' turnstile admissions slipped 11.1 percent, and they were down 12.4 percent statewide. St. Louis area casinos fared even worse, with revenues off 3.5 percent and admissions down 16.4 percent…"

< Gaming News