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Isle Slot Machines Competing

With the new Riverside Casino coming in, the Isle of Capri has felt the decline of slot machine revenue as clients that used to come to them are now going to the newer location. They are taking steps to ensure a future for their slot machine casino, and are adding a new hotel to try and bring in more business. They believe that if they can continue to expand and therefore compete perhaps they won’t lose as much money as they have been. In the first two months that the slot machine casino was open, Isle has already lost over $2 million dollars in revenue and over 200,000 customers.

They are not the only ones suffering however, Davenport’s Rhythm City is also feeling pinch, having lost a little more than $1.6 million in slot machine and resort revenue. They are also considering a renovation to try and compete with the newest slot machines in town. They may build a whole new slot machine casino all together, even considering moving its location. Because of the loss of slot machine and other revenue the City Council had no problem agreeing to the approval of the casino.

With Riverside where it is, it will cause a drain of revenue of roughly 4% to the Iowa Quad-City casinos according to the Racing and Gaming Commission. “The impact is probably coming from Johnson and Linn counties residents who may have been going to the Quad-Cities to gamble and can now make a shorter trip to Riverside,” said Jack Ketterer, administrator of the commission. “Rhythm City and Isle of Capri in Bettendorf are in the midst of projects now, but they haven’t done any improvements for a number of years.”

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