The Clinton Herald, Clinton, Iowa

Business & Technology

March 25, 2013

Casino reports lowered income, drop in visitors

CLINTON — Gaming revenues remain on a decline, according to Wild Rose Casino and Resort General Manager Tim Bollmann.

“Based on the current business levels in the state, it’s not looking good,” Bollmann told the Clinton County Development Association at the Wednesday board meeting.

In the month of February, the Wild Rose saw a 14 percent decline, for a decrease of almost $493,000. Bollmann added that the casino’s patrons were down 12 percent.

Bollmann felt much of the decline was based on the weather and the economy. The Wild Rose relies heavily on people driving in from Illinois.

Bollmann pointed out that people are less likely to do that when it snows.

He also felt many people have less disposable income to spend at the casino. Also, approximately three percent was lost due to February being a shorter month.

Another challenge the casino faces is video gaming in Illinois. Bollmann said the video gaming devices in Illinois have generated more than $13.5 million.

He told the board that the state increased the number of units by 28 percent last month, putting almost 1,000 more video gaming devices into action.

He added that Fulton, Ill., alone has 20 of the devices.

“Now you got people who have disposable income, they’re sitting at their bar stool. Why are you going to drive to a casino in Iowa when you can sit at your bar stool and play the exact same game?” Bollmann said.

Wild Rose is not alone in declining numbers. Bollmann pointed out that the entire gaming industry is hurting.

The state of Iowa was down by eight percent. He added that the following nearby states also saw declines: Illinois by 14 percent; Indiana by 12 percent; Missouri by six percent.

While gaming numbers are not good, not everything at Wild Rose is on the decline. Bollmann told the board that their actual hotel occupancy increased. He added he just wished they were all gamers.

Board President Tom Fullerton offered some hope for the future.

He said with the development at the rail port and other growth in Clinton the Wild Rose could possibly see a boost.

1
Text Only
Business & Technology
  • Smartphone kill switches are coming

    Smartphones need kill switches. It's a relatively easy solution to the pricey (and irritating) problem of smartphone theft. But who would have thought that the big carriers would team up with Apple, Google, Microsoft, Nokia, Samsung and lots of other manufacturers to voluntarily begin adding the technology by July 2015? The cooperative spirit! It makes so much sense!

    April 19, 2014

  • Minnick New director at Ashford CLINTON -- Ashford University has appointed a new vice president/campus director of its Clinton campus. Charlie Minnick has been appointed for the position. He has been in the position on an interim basis since Jan. 1. Ashford University Provost Lori

    April 19, 2014 1 Photo

  • McEleney McEleney elected to insurance board CLINTON -- A car dealership owner recently earned a spot on a national insurance board. John McEleney, of Clinton and owner of McEleney Motors, was elected to the Board of Directors of the Federated Insurance Companies. The election took place this w

    April 19, 2014 1 Photo

  • Biggest student loan profits come from grad students

    This week, the Congressional Budget Office projected that the federal government would earn roughly $127 billion from student lending during the next 10 years.

    April 18, 2014

  • NASA's moon-orbiting robot crashes down as planned

    April 18, 2014

  • Local farmers honored DES MOINES -- Iowa Secretary of Agriculture Bill Northey has announced that Marty and Michael Burken who run Blue Hyll Dairy in rural Clinton County have been named the April winners of the "Gary Wergin Good Farm Neighbor Award." Northey will present

    April 18, 2014

  • 4-19-14 FBLA photo CHS Future Business Leaders of America attend conference Thirty members of the Clinton High School Future Business Leaders of America attended their spring leadership conference at the Marriott Coralville from March 26-29. Students attending the conference competed against other Iowa students in state and

    April 17, 2014 1 Photo

  • U.S. stock market rebounds after choppy day A stock market swoon turned into a comeback Tuesday. Stocks managed a late-afternoon rebound for the second time in two days as investors seemed to brush off a report of lower confidence among homebuilders and simmering tensions in the Ukraine. The l

    April 16, 2014

  • Document shredding offered CLINTON -- A Clinton bank will provide document shredding this weekend. The free service will be held from 9 to 11 a.m. Saturday at Citizens First Bank's office at 1442 Lincoln Way. This is the 10th year the bank has offered this service, Citizens Fi

    April 15, 2014

  • Why Facebook is getting into the banking game

    Who would want to use Facebook as a bank? That's the question that immediately arises from news that the social network intends to get into the electronic money business.

    April 14, 2014

Facebook