Gambling admissions continue 11-year slide; off 43% from peak

Gamblers frequenting the Isle of Capri Casino in Bettendorf fell again in 2011, continuing an 11-year decline.

Admissions to the riverboat casino totaled 1,145,848 during the fiscal year ended June 30, compared to 1,149,086 admissions during fiscal 2010.

While admissions declined, revenues for the Bettendorf casino increased slightly from $78.34 million in 2010 to $78.48 million in the latest fiscal year.

The Isle's admissions peaked in 2000, topping just over 2 million gamblers, and has been on a steady decline despite the addition of a new hotel and a city built convention center.

The riverboat's revenues peaked in fiscal 2004 at just over $105 million. Last year's revenues were down more than 25 percent from the 2004 level.

Because of the decline in admissions, city and county gambling tax receipts from the boat also fell more than 7 percent. Both the city and county received $363,000 from the casino in fiscal 2011, down from the $392,000 each government entity received in fiscal 2010.

The state tax paid by the casino also fell from $15.3 million in 2010 to $14.5 million in fiscal 2011.

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