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Casino profits still rising

24 Nov 2004

The area is experiencing a steady increase, with Indiana's share of the gambling market growing by four percent, while neighboring Illinois has seen its share swelling by 13 percent, despite the end of a state-imposed tax scale, set to expire in June, which has proved unfavourable to the gambling industry.

'It's nice to see the Northwest able to continue to grow,' Horseshoe Casino manager Rick Mazer said. Although revenue dipped at the Horseshoe to $30.5 million in October from $32.8 million in September, Mazer insists this was to the benefit of gamblers.

'We have been very generous to our customers,' Mazer said. 'Our whole percentage is down, but our volume indicators are in good shape.'

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