The Clinton Herald, Clinton, Iowa

Clinton

June 20, 2013

Clinton casino continues to see revenue decline

CLINTON — While some Iowa casinos saw increases in May, Wild Rose Casino & Resort revenues continued to decrease.

General Manager Tim Bollmann said 10 of the 18 casinos saw increases last month. However, the local market is down $1.1 million, or 3 percent. Bollmann added the Wild Rose is down $41,000 for May, approximately one percent.

The state’s casino revenues have decreased by $18 million for the year. Bollmann attributed this decline to Illinois video gambling machines and economic conditions.

“I think that’s just indicative of the financial and economical situation. When people feel good about spending the money they do have maybe we’ll see an upswing,” Bollmann said.

Another concern is the plan for a new casino in Davenport. Kehl Development-Scott County, LLC purchased the Davenport Rhythm City Casino for $51 million from Isle of Capri Casinos, Inc. Bollmann said the company plans to build a $110 million facility.

“Anytime new property opens, you’re going to have people that go there and kick the tires,” Bollmann said. “Long-term effects, it really depends on where they locate.”

Bollmann added that most of the Wild Rose’s Quad-City customers come to Clinton for the other attractions the community has to offer and enjoy the smaller, more personal service they offer.

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