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Northwest Indiana casinos post slight revenue decline

northwest indiana casinos
The commission said that taxable revenue after deductions was down 2.7% from 2018. Credits:

The casinos in Northwest Indiana experienced a slight decrease in gaming win during May operations.

US.- The Indiana Gaming Commission has released the latest report that details May operations in the state. Casinos in the territory registered US$78.4 million in gaming win at their tables and slot machines, which represents over a 1% decline when compared to the same period a year ago.

The commission said that taxable revenue after deductions was down 2.7% from 2018. Ameristar Casino, located in East Chicago, post the largest overall win with an 8.1% rise to US$21.2 million. However, its taxable gaming revenue was slightly up from May 2018.

Blue Chip Casino in Michigan City increased wins by 3.5% to US$13.2 million and was the only facility with a year-to-date gain, up 1.4% to US$63.4 million.

Hammond’s Horseshoe, the largest casino in the state, experienced a 7% decline to US$31.3 million. Noah Hirsch, the casino’s vice president and assistant general manager, said that the facility gained confidence from an increase in money spent at both table games and slot machines. “We were definitely encouraged by volumes increasing,” he said, reported.

Gary’s Majestic Star reported a 4% decline to US$13.1 million, which means that for the year through May, Northwest Indiana’s casinos are down 4% to US$386.3 million.

Furthermore, casinos and horse racing tracks in the state reported US$191.9 million in May, less than 1.5% higher than last May.

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