Indiana casinos saw double-digit revenue dips in June

Hollywood Casino still leads market share race

CINCINNATI - The Hollywood Casino in Lawrenceburg suffered its fourth straight month of declining revenue in June, but held onto its title as the region's largest casino by market share.

New figures from the Indiana Gaming Commission show each of Southeast Indiana's three casinos had year-over-year revenue declines of more than 30 percent in June.

For the first time since the Horseshoe Casino Cincinnati opened in March, the four casinos operating in the Greater Cincinnati area raked in less revenue than three Indiana casinos generated in the same period a year ago. The region's four casino properties generated $51.2 million in combined revenue in June, down 1.45 percent from the $52 million take from three Indiana properties in June 2013.

June is traditionally a slow month for regional casinos, as family vacations begin and summertime attractions vie more aggressively for disposable consumer income.

Hollywood's $20.2 million in adjusted gross revenue dipped 37 percent from a year ago. Belterra Casino Resort declined 31 percent to $8.6 million. Rising Star Casino generated $4.8 million in June, down 36 percent from a year ago.

Hollywood widened its lead on Horseshoe Cincinnati, with a 39 percent market share for the month, compared to 34 percent for Horseshoe. Belterra ranks third with a 17 percent share. Rising Star finished fourth at 9 percent.

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