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Riverboats win $979 million

Thursday, July 13, 2000 | 10:30 a.m.

THE ASSOCIATED PRESS

KANSAS CITY, Mo. -- Riverboat gamblers in Kansas City lost a record $522 million during Missouri's 2000 fiscal year, which ended June 30.

The 12-month state budget period was the richest in history for the area's four casino companies. Casino revenue grew by $46.4 million -- or nearly 10 percent -- from the same period in 1999, according to the year-end report by the Missouri Gaming Commission.

Missouri's 14 riverboat casinos captured nearly $979 million from players, up 9 percent from fiscal 1999.

Those figures represent casino income before taxes, wages and all operating expenses. Gambling taxes levied by the state and casino host communities alone amounted to $292 million for the period.

Casino executives aren't complaining.

"Everything's moving in the right direction," said Dan Weindruch, general manager of the Flamingo Hilton Casino, which was purchased last month by Isle of Capri Casinos Inc.

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