The Iowa Racing and Gaming Commission reports a slight increase in gross revenues as the 19 state-licensed casinos counted their chips at the end of the fiscal year June 30th. Racing and Gaming administrator, Brian Ohorilko, says there were not major red flags in the numbers.
Twelve casinos saw a drop in revenues compared to last year, but the Isle of Capri in Bettendorf and Rhythm City in Davenport both saw increases after moving to new land-based facilities.
Ohorilko says history has shown casinos do more business immediately after moving to land and improving facilities. It also shows the surge in traffic from the new facility will ease some.
The Hard Rock Casino in Sioux City saw 77 million in gross revenue in the last fiscal year compared to 83-point-one million in the previous fiscal year. The Wild Rose Casino in Jefferson was another that saw an increase — going from 26-point-eight million last year to 28-point-two million this year. Ohorilko says he doesn’t expect any major shifts as they head into this new fiscal year as there are not any major construction plans proposed.
