River City Casino Continues To Pack In The Gamblers In St. Louis

The revenue figures have been released for St.Louis casinos, and outside of River City, the figures are forgettable. River City, however, continued to bring in the gamblers in astonishing numbers, helping to make the entire industry in the city profitable.

Of the seven casinos in the St. Louis area, six of them experienced decreases in revenue for June in comparison to the same month in 2009. The total revenue for the seven casinos equalled $85.8 million, up from the $82.3 million from the same period a year earlier.

River City decreased from their May revenue figure of $15.2 million, but still clearly was better than most other St. Louis casinos with revenue of $13.3 million in June. Ameristar Casino had the highest revenue of all casinos at $23.4 million. Harrah's Casino revenue was down twelve percent, to $20.1 million.

Pinnacle finally closed the President Casino after year's of battling with the Missouri Gaming Commission over the state of the riverboat casino. The figures for June at the President were even more disappointing because of flooding that had the casino closed for ten days. The total revenue for June was $618,476 at the President.

Pinnacle has other properties in St. Louis, and their relationship status with the Gaming Commission led them to agree to close the President. Lumiere Place, one of the newest casinos in the city, had revenue of $12.8 million, down from $14.7 million in June of 2009. That represented a thirteen percent decrease.

Casino Queen and Argosy Alton casinos had two of the lowest revenue figures in the area. Casino Queen saw revenue drop twenty percent, from $12 million last June, to $9.6 million this year. Argosy Alton's revenue only dropped one million, from $7 million to $6 million.

July 13, 2010
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
Submit News!