There is no question that the three Indiana riverfront casinos within easy driving distance of downtown Cincinnati’s Horseshoe Casino have taken a financial hit over the past year.
But revenues have declined in all 13 Indiana venues, and none more so than the three southeastern Indiana casinos in the Cincinnati market - Hollywood Casino in Lawrenceburg, Rising Star Casino Resort and Belterra Casino.
And it has been going on for the past four years – long before Horseshoe Casino in Cincinnati opened its doors.
The roulette wheels will spin and the lights on the slot machines will flash when Cincinnati's Horseshoe Casino opens its doors to the public for the first time tonight.
Down the river in southeast Indiana, all within an easy drive of downtown Cincinnati, there are three riverboat casinos that have been cash cows since the late 1990s for their owners; and the local governments that have benefited from the tax revenue they generate.