Missouri And Indiana Casinos Post Revenue Increases In October
The recession has devastated most of the casino industry in the US over the past couple of years. While most casinos are still struggling mightily, casinos in Missouri and Indiana have posted a revenue increase for the month of October.
Gaming officials in Missouri have released casino revenue figures for October and the $145.4 million won represents an increase of 11.1%. The increase was fueled by two major markets, Kansas City and St. Louis. Revenue increase by over seven percent in Kansas City and over fourteen percent in St. Louis.
The state of Indiana had a similar fate. The Indiana Gaming Commission released figures of $234.3 million in October. That was an increase of 4.3%. Chicagoland is the biggest market in the state, and revenue jumped 3.5% there.
"The Midwest has quietly been sneaking up on the major gambling states in the US in recent years," said Gaming Analyst Steve Schwartz, "The revenue figures in Missouri and Indiana show just how far casinos in the Midwest have come."
While the Midwest casinos have enjoyed a couple of good months, the major casino gambling destinations in the country continue to struggle. Las Vegas and Atlantic City casinos have both reported revenue declines for October, although AC casino revenue did not fall as far as it had been in previous months.
November 12, 2009
Posted By April Gardner
Staff Editor, CasinoGamblingWeb.com
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