After , the Sands casino was no longer part of the Hollywood Casino Corporation. The Hollywood Casino in Aurora opened on June 17, and takes advantage of its proximity to the nearby metropolis of Chicago. The two multilevel riverboat casinos-- City Lights I and City Lights II --boast a combined 32, square feet of gaming space with approximately slot machines and 56 table games.
City Lights I and II can accommodate 1, passengers and offer the maximum number of gaming spaces allowed by Illinois law. In , these riverboats made as many as 18 cruises daily, beginning as early as a.
Onboard gaming is permitted one-half hour prior to launch time and one-half hour after docking, for a total of two to three hours of gaming per cruise. With two vessels operating on a staggered schedule, the casino is able to maximize the number of patrons using the facilities while minimizing the time they spend waiting. When weather or structural problems make cruising unsafe, the riverboats may host what is known as "dockside" gaming. During dockside gaming, the Aurora riverboats operate on their normal schedules and passengers may leave the vessels at any time but may board only during the half hour prior to the regularly scheduled start of the cruise.
While Illinois state regulations limit casino gambling to specified locations and times aboard the riverboats, HCC also provides its patrons with a number of diversions at the Aurora Casino pavilion. The 64,square-foot Pavilion features a glass-domed, four-story atrium with two grand staircases, two upscale lounges, two gourmet restaurants, a large buffet, and a diner.
Expansion of the land-based facilities in added a 4,square-foot ballroom, a Hollywood Casino Studio Store featuring products from major motion picture studios, and additional parking for vehicles. The casino draws the majority of its patrons from the greater Chicago metropolitan area, primarily the affluent suburbs north and west of town.
According to company estimates, the casino drew approximately 40 percent of its patrons from such suburbs during The Aurora Casino has enjoyed a steady growth in revenues since its opening in , though income has not kept pace with the growth in revenues. The rise in gaming revenues was attributed to the increase in gaming space added by an expansion in late , as well as the continued health and growth of the Illinois gaming market.
This discrepancy was attributed to costs associated with casino expansion during and and to a decrease in market share due to the opening of competing casinos in northern Indiana. First quarter figures for saw revenues decline 7.
Again the declines were attributed to the increased regional gambling capacity, perhaps signaling an overall adjustment of the market with each casino receiving a smaller share.
Although the Tunica facility is technically called a riverboat casino, visitors would never know it. Mississippi's liberal gaming laws only require that there be some water beneath a gambling facility and there is--somewhere. The Tunica Casino is the most heavily "themed" of HCC's properties: the casino resembles a large Hollywood sound stage and is adorned with authentic and replica movie props presented in multimedia display cases with larger props suspended from the ceiling.
The Hollywood theme is expected to allow for periodical updates with new memorabilia, a plan which management hopes will lure repeat visitors. The Tunica facility features a 54,square-foot casino with approximately 1, slot machines and 50 table games. In addition to the casino's gambling facilities, Tunica has a hotel boasting rooms of which were added in a new tower in , a space recreational vehicle park, and Hollywood themed restaurants, lounges, and bars.
The Tunica facility is in a competitive gambling market, with three competing casinos drawing on a patron base that is dominated by Memphis but also includes Little Rock, Jonesboro, and Pine Bluff, Arkansas; Nashville, Tennessee, Jackson, Mississippi; and southeastern Missouri.
The casinos in what is called "Casino Strip" have worked together to market and advertise the area, and they operate a free shuttle bus service between the casinos. Further plans for joint development include the building of an hole championship golf course.
According to the company's Securities and Exchange Commission SEC K statement, "Management believes that the critical mass of the four property cluster, together with the ability of visitors to move freely among these properties and to access the cluster from the main Tunica highways, generates significant patron traffic to the Tunica Casino.
The Tunica Casino enjoyed a boost in performance for the first quarter of , with net revenues increasing This gain represented good news for the casino, whose performance had seen a slight decline compared to Management hoped that 's increased performance was more indicative of future trends, for it represented the first figures since the addition of hotel space and a new gaming theme called "Adventure Slots.
Pratt III announced in a news release that accompanied the announcement of first quarter earnings that "We estimate that the Hollywood Casino in Tunica is achieving in excess of percent of its fair share of gaming revenues in the Tunica market.
This attests to the quality of our facilities and the overwhelming popularity of the Hollywood theme at this property. If under 21, I understand I am applying for the my cash MasterCard and will not receive any comps, tier points, or other benefits from this card.
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