Iowa casinos experience small gains

iowa

Credits: JoshWest.com

The local gaming commission revealed that casinos in Iowa increased their revenues by a small percentage.

US.- The Racing and Gaming Commission from Iowa has revealed that the 19 licensed casinos in the state increased the overall revenue mainly because of upgrades. The gambling facilities reported US$1.45 billion during the 12 months that ended on June 30, a 1 percent increase when compared to the same period a year before.

The US$1.45 billion mark is still below from the record number from 2012, US$1.47 billion, as the Globe Gazette informed. Wes Ehrecke of the Iowa Gaming Association, said: “We’re a 26-year-old industry that’s a very stable and strong and mature industry. I believe that’s a very positive sign of what our industry is in providing a premiere entertainment destination. There’s a lot of competition for the entertainment dollar.”

Whilst 12 properties actually experienced a decline in revenues, state commission administrator Brian Ohorilko said that he’s still very optimistic about the numbers, as he believes that last year was a great performance, and that it could be natural to “bounce back from some of those highs.”

“Overall, it was a good yea I think it signifies that the Iowa gaming market is a very stable market. It’s been common for other states and other jurisdictions have seen significant fluctuations. Typically the market in Iowa is more predictable and stable year over year,” the administrator added.