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August revenues soar at Kansas City, St. Louis casinos
Kansas City’s casinos reported a fair month, topping $61 million in revenue. Many leading casinos, including The Argosy and Isle of Capri, even took in additional revenue last month than they did a year ago.
The St. Louis market’s revenue, meanwhile, was up 1.4 percent in August. The entire August take from Missouri's 12 casinos was up 0.2 percent, at $148.4 million.
That ‘s are available in the aftermath of a 4 percent year-over-year rise in statewide revenue in July, leaving the state ahead for the fiscal year, which began July 1. While the bigger casino markets, including Las Vegas and Atlantic City are still suffering, Missouri is greater than holding its own.
Missouri casinos have benefited from Midwest gamblers’ staying toward home, consistent with experts.
The casinos has been bolstered by Missouri voters last November lifting the state’s loss limit, which had restricted gamblers to a $500 loss for each two hours.
Thus far this fiscal year, casino revenue going to Missouri state government, a mixture of admission fees and a tax on revenues, is up 5.2 percent.
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