Monday, April 8, 2013
Illinois’ newest gaming venue continued to hold its lead in adjusted gross receipts and admissions compared with the other nine casinos in the state during March, according to a report published by the Illinois Gaming Board.
Rivers Casino raked in more than $38 million in March, and the state’s top-grossing gaming venue cashed in approximately 10 percent more in adjusted gross receipts compared with the same month last year, according to a monthly revenue report published by the Illinois Gaming Board on Friday. The state’s newest casino generated $38,149,689 in adjusted gross receipts in March, according to the Illinois Gaming Board, which was more than $3 million over last year’s take of $34,827,507. The Des Plaines casino brought in more adjusted gross receipts and admissions than it did in February; admissions slid slightly to 325,848, compared with March 2012 when 339,911 passed through Rivers Casino’s turnstiles. Rivers Casino, 3000 S. River Road, …
Tuesday, March 19, 2013
Aldermen expressed a desire for involvement with Des Plaines’ lobbying in Springfield on gaming and other issues that impact the city at a meeting on Monday.
Des Plaines city council approved expenditures on lobbying services in Springfield at a meeting Monday, but limited the length of the contracts in order to reevaluate the performance of the firms. Council members voted 7-0 in favor of entering short-term contracts, until July 1, with two of the three lobbying firms the city has previously paid to advocate for Des Plaines’ interests with regard to gaming and other issues that affect the city. Fifth Ward Alderman James Brookman said he had never seen a report from the lobbyist firms, nor had there been regular communication between aldermen and the representatives. “Basically we don’t have meetings where we discuss with these gentlemen what they’ve done, or what our objectives and goals are…
Monday, March 11, 2013
Illinois casinos as a group saw a drop in adjusted gross receipts in February 2013 compared with February 2012, and River Casino followed suit, according to a report from the Illinois Gaming Board.
Illinois casinos saw a slight drop in adjusted gross receipts in February, compared with February 2012, according to a report from the Illinois Gaming Board. The 10 casinos’ adjusted gross receipts fell 14.17 percent in February, compared with the same period in 2012, according to the report. Rivers Casino, 3000 S. River Road in Des Plaines, continued leading all other Illinois casinos in adjusted gross receipts and admissions in February, according to the report, but adjusted gross receipts still decreased 11.10 percent compared to last year. Total adjusted gross receipts for Illinois casinos were $124,391,074 in February, compared with $144,930,054 in February 2012, according to the Illinois Gaming Board’s monthly report. Rivers Casino …
Wednesday, December 12, 2012
Since the smoking ban took effect in 2008 Illinois casinos’ total annual adjusted gross receipts have decreased, until Rivers Casino opened in Des Plaines in 2011.
As the first full year of operation for Illinois’ 10th casino comes to an end, the overall impact Rivers Casino has had on the state’s gaming industry and local and state taxes is becoming more clear. Illinois’ newest gaming venue generated more adjusted gross receipts than other casinos in the state every full month in operation since August 2011, according to reports from the Illinois Gaming Board. Admission and gaming tax revenue from the Des Plaines casino contributed to reversing a decline that began in 2008, the first year the ban on smoking in Illinois casinos took effect. In 2007 the state’s share of admission and gaming taxes was $650,771,000. In 2008 it dropped to $473,738,000, then to $409,501,000 in 2009 and $383,538,000 in …
Rivers Casino has produced more than $30 million in adjusted gross receipts 14 of the 17 months it has been open, according to reports from the Illinois Gaming Board.
Rivers Casino produced $29,466,000 in adjusted gross receipts in November, according to the Illinois Gaming Board, which is down slightly from November 2011, when the state’s newest casino brought in $32,039,000. While adjusted gross receipts in November 2012 were slightly lower than they were November 2011 at Rivers Casino, according to the Illinois Gaming Board, attendance was slightly higher. In November 2011, 296,751 people went through the turnstiles at the Des Plaines casino; in November 2012, 306,725 people visited Rivers Casino. Rivers Casino has produced more than $30 million in adjusted gross receipts 14 of the 17 months it has been open. Below is a month-by-month breakdown of Rivers Casino’s adjusted gross receipts, admissions …
Wednesday, August 29, 2012
Rivers Casino staves off new competition, at least until the legislature reconvenes in the fall.
The state’s top-grossing casino won’t face competition from new gaming venues — at least for now. Gov. Pat Quinn vetoed the gaming expansion bill that included five new casinos, including one in Chicago, and slot machines at six racetracks including Arlington Park in Arlington Heights, at Longfellow Elementary School, 715 S. Highland Ave. in Oak Park, on Tuesday. Rivers Casino, 3000 S. River Road in Des Plaines, has generated more revenue than any other Illinois casino every full month since opening in July 2011. In a statement, Gov. Quinn cited his concerns with the bill: substandard ethics, a lack of adequate oversight of the proposed Chicago casino and insufficient funding for education. The legislation does not prevent gaming licensees…
Monday, August 13, 2012
Des Plaines’ revenue sharing with state, other communities would change under gaming expansion bill.
In less than three weeks the agreement that requires Des Plaines to pay portions of gaming tax revenue from Rivers Casino to the state and 10 disadvantaged communities could change. Gov. Pat Quinn is reviewing, and is expected to take action on, a gaming expansion bill by the end of August. If passed, five new casinos will open, including one in Chicago, and slot machines will be added at six racetracks. These so-called “racinos” pose a problem for Des Plaines, Mayor Martin Moylan said. “We have problems with the slots,” Moylan said. “They’re going to affect us and affect our bottom line, at Maywood and also at Arlington [racetracks].” Earlier: Mitt Romney chooses Paul Ryan for running mate. In the only agreement of its kind in Illinois, …
Monday, June 11, 2012
Gaming expansion bill was passed by lawmakers; Gov. Quinn expected to veto it.
May was the 10th consecutive month Rivers Casino had the more adjusted gross receipts than any of the other nine casinos in Illinois, according to a monthly report from the Illinois Gaming Board released last week. Rivers took in $35,277,000 in adjusted gross receipts during May, according to the report. Since August 2011, Rivers Casino, 3000 S. River Road, has had more than $30 million in adjusted gross receipts every month, and May was the third largest grossing month since the casino opened in July 2011. The top-grossing month to date was February 2012, with $37,537,000, followed by April 2012 with $35,579,000 adjusted gross receipts. Earlier: Q&A with Des Plaines church pastor, volunteer and cyclist. Following Rivers Casino in May, the…
Tuesday, January 3, 2012
Threat of Quinn’s veto quashed attempt in 2011.
Senate President John Cullerton said he expects lawmakers to make another attempt to expand gambling in Illinois in 2012, the Daily Herald reported. Governor Pat Quinn told lawmakers he would veto an expansion bill in 2011, and Cullerton never sent the approved legislation to Quinn because it was clear that the governor would veto it. For the story, visit the Daily Herald’s website. Des Plaines Mayor Martin Moylan opposed expanding gambling last year, and said more casinos would decrease the profitability of Rivers Casino. Related: More stories about Rivers Casino. Quinn called a second attempt at a gambling expansion bill in 2011 a “charade,” according to a report on Huffington Post. Connect on Facebook.
antigambler
10:44 am on Tuesday, April 9, 2013
Notice that the average loss per gambler is going up. That's because the novelty has worn off. Those who are getting addicted are still gambling. Casinos rely on their "loyal", hence problem, gamblers in their business models. more ›