Indiana's Horseshoe Casino sees big improvement

May 12, 2009 5:06 PM
by Ray Poirier | There’s at least one bright light in the Harrah’s Entertainment Inc. firmament: Horseshoe Casino in Hammond, Indiana.

The property that caters to the casino customers in the Chicago, Illinois, market area, has seen a big improvement in its business during the past year.

In April, the property reported gambling revenue of $49.2 million, a big jump from last year’s $40.5 million.

"Horseshoe has so many more amenities to offer people, making them one of the bigger players in the Chicago market," Ed Feigenbaum, editor of the Indiana Insight newsletter was quoted as saying. He also credited the property’s opening last summer of a new $485 million gambling barge as helping increase business.

Horseshoe Casino also has benefited from the closing of the Empress Casino in Joliet, Ill., that was affected by a fire earlier this year.

Struggling to improve business, say area observers, is the Blue Chip Casino in Michigan City, Indiana. Officials of owner Boyd Gaming Corp. (BYD) had hoped that a shiny new hotel would draw more gamblers to the area.