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NW Indiana casinos see revenue slide

Updated: April 13, 2014 6:18AM



The bad news for Northwest Indiana’s four casinos in February: Monthly revenue again was down year over year, this time by 13 percent.

The good news: The drop isn’t as bad as it was in January, when revenue dropped by 17 percent.

“The reality is the first part of the month was really, really soft due to either snow or cold or a combination of both. It turned around in the last half of the month,” Dan Nita, general manager and senior vice president of Horseshoe Hammond, said Friday.

Nita said an analysis of February showed that on days that it either snowed or was subzero, admissions were down by 20 percent. On days that were both bitterly cold and snowy, attendance was down by nearly 40 percent.

The five casinos in Northwest Indiana together raked in a total of $80.5 million during February, compared with $92.8 million in February 2013, a month that had fewer bitterly cold days and less snow than last month, according to the monthly revenue report issued Monday by the Indiana Gaming Commission.

The report says Ameristar Casino in East Chicago took in $18.6 million in revenue compared with $19.1 million last February, Blue Chip Casino in Michigan received $11.9 million compared with $12.5 million, Horseshoe Hammond collected $36 million compared to $45.3 million and Majestic Star’s two casinos took in a total of $14 million compared with $15.9 million.

Matt Schuffert, general manager and senior vice president of Ameristar Casino, credited its slightly lower revenue to its Roll to Win promotion. He said the inclement weather took a toll on the casino.

Nita said Illinois’ casinos fared better than those in Northwest Indiana, posting only single-digit revenue declines but noted that Illinois communities where those casinos are located had significantly less snowfall this winter than did Northwest Indiana.



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