[Southsider2k12]

http://www.nwitimes.com/business/local/nwi...2b9f059344.html

"It's never going to be the kind of gravy train we saw as recently as six years ago," said Ed Feigenbaum, editor of Indiana Gaming Insight, after release of the gaming commission's December casino revenue report on Tuesday.

Statewide, gaming revenues were down by a total of $47.6 million, or 1.7 percent, according to an Indiana Gaming Insight tally.

The latest state revenue forecast projects Indiana tax receipts from casinos will decline over the next two budget years by $41.4 million, a 9 percent drop, due to competition from new casinos in Ohio. That is more than $100 million less than revenues just four years ago.

In Northwest Indiana for 2012, Majestic Star II Casino in Gary sustained the largest overall percentage drop in revenues, with its total take down 3.9 percent. Blue Chip was the only casino in Northwest Indiana to eke out a gain, with revenues up 1.3 percent for the year.

December casino revenues feel slight chill

Total December revenue followed by change from December 2011:

Ameristar: $20.5 million, down 1.2 percent
Blue Chip: $14.2 million, down 0.7 percent
Horseshoe: $42.4 million, up 2.2 percent
Majestic Star I: $8.1 million, down 13 percent
Majestic Star II: $6.7 million, down 4.6 percent
Total: $91.9 million, down 1 percent

Source: Indiana Gaming Commission December casino revenue report

[Ang]

That's because the economy sucks, joblessness is at an all time high, no one has any money to throw away.

[Southsider2k12]

That's because the economy sucks, joblessness is at an all time high, no one has any money to throw away.

Plus there is more and more competition for the IN casinos, with more coming.