Meetings & Information




*****************************
****************************************************
MUST READ:
GET THE FACTS!






Thursday, August 16, 2012

LA Declining Revenues, Harrah's Down 13%, 15%



When the local supply of Gambling Addicts is exhausted, revenues decline. Simple!





Louisiana casinos take in $197 million in July

Published: Thursday, Aug. 16, 2012
 
Louisiana's state-licensed casinos took in nearly $197.6 million from gamblers in July, a 12 percent drop in winnings from July 2011 and a 3 percent dip from the previous month.
 
The figures, compiled by the state police, were presented Thursday to the Louisiana Gaming Control Board.

Across the state, the mix of riverboat, land-based and race track casinos brought in $26.7 million less than they collected in July 2011 and $5.2 million less than June's total.
In July, gamblers lost the most on average at Horseshoe Bossier City, Eldorado Resort in Shreveport and Treasure Chest in Kenner.

The state's only land-based casino, Harrah's  [Caesars] in downtown New Orleans, won $23.9 million, a 13 percent drop from the same month a year ago and a 15 percent drop from the $28.1 million taken in June.








Meanwhile, gamblers lost $138.6 million at the state's 12 riverboat casinos last month, a 13 percent decline from July 2011. By comparison, the riverboats took in a combined $139.9 million in June.

Louisiana's four race tracks took in a combined $35 million, nearly the same as the previous month but an 8 percent drop from the same month a year earlier.
Among Louisiana casino markets:

- In Shreveport-Bossier City, the area's five riverboats won $55.7 million, while the Louisiana Downs track casino took in $6.4 million.

- The Lake Charles market's two riverboat casinos brought in $42.3 million, while the area's Delta Downs track casino won $16.3 million.

- In the New Orleans area, gamblers lost $24.2 million at the riverboat casinos and $3.8 million at the Fair Grounds race track casino.

- Baton Rouge's two riverboats won $16.2 million.
The figures do not include Indian reservation casinos, which are not required to publicly report winnings.
 
 
http://www.sacbee.com/2012/08/16/4732449/louisiana-casinos-take-in-197.html

Read more here: http://www.sacbee.com/2012/08/16/4732449/louisiana-casinos-take-in-197.html#storylink=cpy

Read more here: http://www.sacbee.com/2012/08/16/4732449/louisiana-casinos-take-in-197.html#storylink=cpy

No comments: