Kansas City Casinos Post Results

As reported by the Kansas City Star: "Rivals are gaining on Ameristar. Kansas City's casino leader in August posted its weakest revenue and market share performances of the year.

"According to the latest financial report from the Missouri Gaming Commission, Ameristar recorded its 18th consecutive month above $20 million in pretax gross revenue — but just barely, at $20.05 million.

"…While Ameristar's revenue remained robust, the casino's August market share fell more than three points from the same month last year, to 34.5 percent, its smallest slice of the local consumer pie since April 2004.

"…The Argosy Riverside Casino's $13.6-million-month was up 17.8 percent for a 23.4 percent share and its best showing in 18 months.

"…Harrah's North Kansas City Casino and Hotel also chalked up its strongest market share of the year, 29.2 percent on $17 million in monthly gross revenue, which was up 5.7 percent. Officials did not respond to a request for comment.

"The Isle of Capri limped out of August with $7.4 million in revenue, up 2.8 percent, but only a 12.8 percent market share…"

2006-09-15