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Local News

Joliet casino revenue, admissions drop

JOLIET – Both admissions and revenue totals were down at Hollywood and Harrah’s casinos last month compared to April 2013, in part due to the success of Des Plaines’ Rivers Casino.

According to the latest figures from the Illinois Gaming Board, Rivers in Des Plaines generated 7 percent more revenue last month compared to April 2013, while all other casinos statewide saw declines.

Despite the slides, Harrah’s in Joliet continues to be the second highest money-maker in Illinois, having brought in roughly $16.5 million in adjusted gross receipts last month, compared to Rivers’ $37.6 million. Elgin’s Grand Victoria was third with $14.9 million.

Hollywood Casino Joliet generated $11.3 million last month in adjusted gross receipts, compared to $11.9 million in April 2013.

Decreased revenue translates into decreased taxes going into Joliet and Will County. Local government collected $669,069 and $967,589 from Hollywood and Harrah’s last month, down slightly from April 2013.

Hollywood and Harrah’s were not alone in the declines. Of the 10 licensed casinos statewide, just one – Rivers Casino – bucked the trend in both admissions and adjusted gross receipts. Overall, casinos in Illinois saw a 5 percent decline in revenue and nearly 9 percent decline in admissions.

In the first four months of 2014, admissions to Hollywood and Harrah’s declined nearly 13 percent from the same time last year. Admissions were down nearly 5 percent in the first four months of 2014 at Des Plaines’ Rivers Casino, also down from the same time last year.

Video gaming figures for the month of April are due out from the state’s gaming board later this month.

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