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Flood costs Horseshoe casino an estimated $14.7

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April 15, 2011

High water forced the Horseshoe Casino to close for the fourth time. The riverboat casino is located in Harrison County casino. Casino employees and guests were forced to evacuate the casino for their safety.

The emergency evacuations have cost the riverboat casino an estimated revenue loss of $14.7 million since 2000. $2.75 million is what is estimated to have been lost in taxes to the state. $550,000 is also what is estimated to be lost is admission taxes. This is the money that is distributed with the state and county.

The area where the casino is known for repeated flooding. There was no indication that the casino should have moved, despite the history of the area.

Officials for the Horseshoe Casino have expressed concerns about the closures.

Return to Indiana Casinos.

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