The Hollywood Casino located at Kansas Speedway in Kansas City filed a report with the Kansas Racing and Gaming Commission which highlighted a 3.8 drop in its gaming revenue for April 2016 when compared to April 2015. The casino lost around $474,000 and believes that one of the reasons for its drop in revenue is due to the highway construction taking place at Johnson County.

In a statement, Rick Skinner, the general manager of the Hollywood Casino at the Kansas Speedway told the commission “We did experience a noticeable drop in revenues beginning on April 10 when, as part of the ongoing construction of the Johnson County Gateway Project, they closed the ramps allowing access to Interstate-435 westbound from Interstate-35.”

The Hollywood Casino at Kansas Speedway also presented financial data to the Kansas Lottery Commission and informed them that the casino also had a dip in profits from March to April 2016. The casino brought in $12.9 million in March but could only manager $12.04 million in April. The commission and Hollywood casino officials discussed the possible reasons for the decline in revenue including the highway construction in Johnson County, the current state of the economy and Kansas’s casino market.

The Hollywood casino in Kansas is not the only casino to witness a decline in gaming revenues. The Kansas Star Casino in Mulvane also reported a 1 percent decline in revenue during April 2016 as compared to April 2015 while the Boot Hill Casino in Dodge City reported a 1.7 percent decline in revenue between April 2016 and April 2015. However the Boot Hill Casino reported a $42,000 increase in revenue in April 2016 when compared to March 2016.

Rick Skinner submitted a report to the Kansas Racing and Gaming Commission highlighting the fact that the slot revenue generated by the Hollywood Casino was pretty flat and the table games revenue dropped by 27% which is around $518,000. The report filed by Skinner stated that there was a major decrease in the hold percentages.

Kansas is getting ready to welcome a new casino which conducted its ground breaking ceremony only recently and had a number of senior executives and lawmakers present including Keith Kocher, who is the Kansas Lottery’s director of program assurance and integrity. The casino is currently facing a lawsuit which could end up delaying its launch.

 

Leave a Reply

Your email address will not be published.