The Casino Queen is bringing in apprx. 13.5 million per month which is 3.5 million less than in 2007 and the Alton Belle's adjusted gross receipts dropped from $11.9 million in 2007 to $7.7 million in 2009. This is a big problem for the cities that rely on this revenue.
Major factors which can be attributed to these losses are:
- The recession that has gripped the nation since last year.
- The statewide smoking ban that went into effect at the beginning of last year has forced smokers to light up outside the casino. When they're outside smoking, they're not inside gambling.
- Repeal of the loss limit law in Missouri.
- The opening last year of Lumiere Place directly across the river from the Casino Queen.
What can be done? Personally I think if Illinois were to repeal its take on Poker in the Casinos that would help bring in new revenue. Also maybe Obama could give a few more speeches on hope on positivity maybe people will be inclined to have some fun and hit these establishments.
- John Bracamontes
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