Iowa Gaming Commission credits revenue growth to Grand Falls Cas - KSFY News - Sioux Falls, SD News, Weather, Sports

Iowa Gaming Commission credits revenue growth to Grand Falls Casino

Posted: Updated:

DES MOINES, Iowa (AP) - Authorities say a new casino in northwest Iowa helped push statewide riverboat casino revenue above $1 billion in fiscal 2012.

Fiscal 2012 revenue from the 15 casinos and Iowa's state-licensed tracks reached a record of nearly $1.47 billion. The fiscal 2011 total was nearly $1.38 billion

Iowa Racing and Gaming Commission administrator Brian Ohorilko credits the revenue growth of more than 3 percent to the new Larchwood casino. And Wes Ehrecke of the Iowa Gaming Association says a milder winter and improving economic conditions also were factors in the revenue increase.

Overall, 11 of the 15 riverboat casinos reported revenue increases. Four say their gross adjusted revenue dropped.








(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KSFY. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service or our EEO Report.