Posts Tagged ‘Horseshoe Cincinnati’

December 6, 2012

Regional Casinos Face Market Gluts as Action Spreads

Inside Gaming: Indiana

An Indiana lawmaker wants to protect the Hoosier State’s casino industry, which was the nation’s third-largest commercial gaming market by revenue in 2011.

Ten of Indiana’s 13 casinos are in counties adjacent to Illinois, Michigan and Ohio – states that have provided Indiana casinos with a wealth of customers.

Not anymore.

Those patrons no longer have to cross state lines to satisfy their gambling fix. Over the past 24 months, casino expansion in neighboring states has caused Indiana gaming revenues to decline.

In 2011, Indiana’s 13 casinos collected $2.721 billion in gaming revenues, a 2.5 percent drop from 2010. In October, gaming revenues statewide suffered their largest percentage decrease since January 2008.

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