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Missouri casinos report four percent revenue growth for the quarter
By Gene Koprowski
The Kansas City casino market took in nearly $61.47 million in July, as gamblers continued to increase the amount of money they spend, individually, on each casino visit.
Statewide, gambling revenues were up 4 percent for the quarter, a sign the recession is over in the Midwestern U.S.
As a result, casinos in the area remained ahead of their gross revenue for the first seven months of 2008.
The region's casinos continued their own recent trends. Market leader Ameristar’s revenue was $21.1 million. Harrah’s reported $16 million in revenues. Another casino, Argosy, was up 5 percent in July to nearly $17.26 million, and No. 4 Isle of Capri was up 3 percent to nearly 7.08 million. Argosy and Isle have posted increases every month this year, experts said.
Across the state last month, Missouri’s 12 casinos took in $152.8 million, up 4 percent from a year ago. The St. Louis market was up 8.8 percent. The four Indian casinos all reported increases, too, powered by a 5.6 percent increase for the St. Jofolo casino.
Statewide, the casinos reported nearly 2.3 million patrons in July, up 3.2 percent from a year ago. Of those, 928,500 visited the Kansas City casinos, up just 0.2 percent.
The average loss per patron statewide was $66.54, up 0.8 percent, according to experts.
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