Revenue at the Casino Queen in East St. Louis and the Argosy Casino in Alton increased in March from the previous month. Revenue also increased in comparison to the same month a year ago.
The Casino Queen's revenue for March was about $12.5 million, roughly 20 percent higher than February, according to the latest report from the Illinois Gaming Board. The Casino Queen's revenue for February was about $10.5 million. Revenue for March 2012 was about $12 million.
At the Argosy Casino, revenue for March was about $6.6 million, an increase of roughly 17 percent from February, when revenue was about $5.6 million. The Argosy Casino's revenue for March 2012 was about $6.4 million.
The increased revenues for the month put a halt to a string of monthly revenue declines for the casinos. Some gaming experts have speculated that video poker and slot machines at taverns, restaurants, veterans clubs and fraternal organizations are cannibalizing profits at casinos.
Combined, the state's 10 casinos had about $149 million in revenue in March, compared to about $124 million in February and about $147 million in March 2012.
As of early Friday afternoon, the Gaming Board had not yet posted the March revenue report for video poker and slot machines at non-casino establishments.