Bad Year For St. Louis Casinos Continues With Sluggish July

The Hotel Lumiere at Laclede's Landing in St. Louis | Photo courtesy of Creative Commons
The Hotel Lumiere at Laclede's Landing in St. Louis | Photo courtesy of Creative Commons

A forgettable year for St. Louis-area casinos got worse  in July. Revenue at the area’s six casinos tumbled 10.6 percent in the month, to $86 million, an unusually low figure for what’s typically one of the busier months of the year. Gaming revenue has fallen in St. Louis every month this year.

Every gaming property in metro St. Louis saw revenue fall in July, with revenue at four dropping by double digits. The Lumière Place took the biggest hit, with house winnings dropping 17.8 percent compared to the same month last year. That could complicate the sale of the casino, which is owned by Pinnacle Entertainment but is being shopped to appease the Federal Trade Commission as part of Pinnacle’s proposed $2.8 billion acquisition of Ameristar Casinos.

Read more from the St. Louis Post-Dispatch


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