712 Digital Group - top

Sioux City casino revenue drops from August high

News

December 5th, 2014 by Ric Hanson

SIOUX CITY, Iowa (AP) — Revenue at a new casino in Sioux City is down from when it opened last summer, but an official says the drop was expected and the center is doing well. The Sioux City Journal reports the Hard Rock Hotel and Casino Sioux City had revenue of $5.8 million in November. That’s down from $7.2 million in adjusted gross revenue in August, when the casino opened.

Revenue in September and October was about $6 million each month. The $128 million gambling and entertainment center replaced the former Argosy Sioux City riverboat.

Mark Monson, the president of a nonprofit group that holds the Hard Rock’s state gambling license, says the lower revenue was expected during the winter. He maintains the center is meeting expectations, saying “they’re going great guns down there.”