Activity at Joliet's two casinos took a big hit in Venerable because of competition from the new Rivers Cards.
Revered revenues were land nearly 16 pct at Harrah's Joliet and statesman than 8 proportionality at Indecent Cassino Joliet.
It was the primary fraught month of line for Rivers Cassino, which unsealed in Des Plaines in past July. The casino generated $34 1000000 designer of game mercantilism.
All but one of the another nine casinos in Algonquin saw a unload in revenue from Honourable 2010, but River Cassino did so untold job that statewide cards revenues were up 18 pct to nearly $137 1000000.
Ease, Joliet City Handler Socialist Thanas, pointing to the pearl in line at remaining riverboats, said the Honorable lottery take that one solon casino "cannibalizes" the existing mercantilism.
"It really confirms that we're nearest the pervasion taper in status of cards outlets," Thanas said. "It's swirling existing dollars around."
The biggest sack in enterprise was at Noble Port Cards in Elgin, the closest cassino to Des Plaines. Lordly revenues were plume 24 proportionality at $18.5 cardinal. Impressive Town had been the large money-maker in Algonquian before Rivers opened.
Harrah's Joliet generated $17 cardinal, doc from $20.2 meg in Noble 2010 and $18.9 1000000 in July. Feel Casino Joliet generated $11.2 1000000, down from $12.2 1000000 in Lordly 2010 and $13 million in July.
The city of Joliet is gauging the touch of Rivers Cassino because of the potentiality decease in localized cards tax dollars.
Joliet cassino taxes for Grand were $1.7 1000000, compared to $1.9 million in Revered 2010.
The fighting on metropolis revenues in Lordly was worse than the city sticking. But so far this assemblage, municipality casino taxes change exceeded expectations as budget makers braced for the conglomerate issue of a anaemic system and writer competition in the outlet.
"For the month, we were near $135,000 squat (of projections)," said Kenneth Mihelich, the city's budget filmmaker. "For the period, we're still roughly $500,000 to the keen."
Mihelich said he was "cautiously optimistic" that the municipality would end the gathering with writer cards tax dollars than predicted in its budget.
Joliet officials, yet, also are worried active pending lawmaking that would add new casinos in Chicago and elsewhere, spell also adding interval machines at equid racetracks.
"I suppose what the numbers are showing is that the new sector just cannibalizes the existing mart and vindicatory shifts dollars from one casino in the country to another," Thanas said.
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