Bettendorf casino admissions, revenues drop

The steady decade-long decline in admissions and revenue at Bettendorf's Isle of Capri casino continued in fiscal 2014.

Admissions during the 12 months ended June 30 fell to 923,000 – more than 1 million fewer than the casino's peak year in fiscal 2000.

Likewise, revenues declined to $70.4 million during fiscal 2014, down nearly 6 percent from the previous fiscal year. At its peak in 2004, the Isle had revenues of more than $105 million.

The fall in admissions and revenue at the Isle were greater than the overall statewide casino numbers, according to the fiscal year-end report issued by the Iowa Racing and Gaming Commission Friday (7/11).

Total admissions at the state's 15 casinos and three racetracks fell 4 percent compared with fiscal 2013, while revenues dropped 5 percent compared to the previous 12-month period.

The state's share of gambling proceeds totaled $272 million for fiscal 2014, a 3.3 percent decline from the $281 million cut the state received in fiscal 2013.

CLICK HERE for the full fiscal year 2014 revenue/admission report of the Iowa Racing and Gaming Commission.

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