Casino Revenue Dips in November

Photo courtesy of St. Louis Post-Dispatch

Casino winnings in the St. Louis area dipped in November, largely as a result of the double-digit drop at the Hollywood casino in Maryland Heights.

Penn National Gaming, the casino’s new owner, shut down the gambling hall for a few days last month to complete the changeover of equipment from the previous owner, Caesars Entertainment. Penn National bought the casino and adjoining hotel this year for $610 million.

Harrah’s opened in Maryland Heights in 1997. Penn National operates the casino under its Hollywood brand. Hollywood’s revenue of $17.6 million last month was down 16.2 percent from the amount Harrah’s won from gamblers in November 2011. Read more on St. Louis Post-Dispatch.

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