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Casino News:

  Des Plaines Casino causes dropping down of revenues of Aurora’s Hollywood

Establishment of Des Plaines Rivers Casino in July during last year (2011) has led to a downfall in the profits earned by Aurora’s Casino in June 2012 by almost 11% to $12.8 million in contrast to its profit returns in June 2011. It has become the second hardest beaten casino after Victoria in Elgin in the state owing to a 10% fall in the number of gamblers (115,168) visiting the casino during one year. According to the executive director of Illinois Casino Gaming Association- Tom Swoik, The Des Plaines Casino is moving forward beyond expectations by earning profit returns worth $42.5 million in June which is even more than double the amount of its competitor Harrah’s Casino in Joliet that earned $17.8 million as profit. According to Carie Anne Ergo, the Chief of Aurora Staff, the city was already prepared for the downfall in profits earned by the casinos due to opening of Rivers Casino; that contributed towards economic development and no-profits through gaming tax. The profits earned by Aurora during 2007 were $15.4 million and have declined at a constant rate since then.
Further, Ergo stated that City leaders were already expecting a downfall in profits earned from casino with the opening of Des Plaines from $10.1 million in 2011 to $8.2 million in 2012, out of which only $4,560,000 has been collected till June, 2012. According to the gaming officials of Illinois, the customers arriving at Rivers casino are mostly from other Illinois casinos instead of out-of-state casinos. Now, Illinois officials are planning to include slots machines to six racetracks all through Illinois including the neighboring Arlington Racetrack. According to Ergo, this addition of slots, will further worsen the condition of the stressed gaming market and will hard hit the business of a number of small establishments that are dependent on existent casino climate. Therefore, such gaming expansion bills as well as the Senate Bill 1849 are strongly disparaged by the City Officials. A 22% rise from $570.7 million to $698.7 million was recorded by all casinos in Illinois from January to May in the years 2011 and 2012 respectively. During the same period of five months, the number of customers visiting the casinos also increased by 23% in the whole state with the exception of  6 casinos out of 10 in the state.


   2012-07-21






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