Changing Casino Landscape Forces Owners' Hands
With revenue growth slowing in St. Louis' casino market, casino owners are being forced to rethink strategy.
St. Louis’ multibillion-dollar gambling market is the nation’s sixth largest, but growth here is slowing, which reflects the rest of the state and many other regional gambling markets, the St. Louis Post-Dispatch reports. According to the report, Missouri Gaming Commission figures show that casino revenue in the state over the four most recent fiscal years fluctuated between $1.7 billion and $1.8 billion. The figure for fiscal 2012 was $1.79 billion. Those figures include revenue from St. Charles' Ameristar Casino, which is in the process of being sold to Pinnacle Entertainment—also owners of St. Louis Lumiere Place and Lemays River City casinos—and Maryland Heights' Hollywood Casino. The decline in revenue is forcing casino officials to …
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dbatch1715
8:44 am on Tuesday, January 29, 2013
Looks like they have fleeced all the suckers. Now what!!   more ›