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Muscogee Chief predicts River Spirit Casino rebound

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March 26, 2010

TULSA - Creek Principal Chief A.D. Ellis told his tribe's National Council last month that River Spirit Casino revenues dropped 61 percent in the fourth quarter 2009 vs. the same quarter in 2008. Fourth quarter revenues fell to $5.2 million from $13.6 million. River Spirit is the second largest casino in Oklahoma with 2,800 slot machines and a 300,000-square-foot gaming floor.

Now Chief Ellis is encouraged with possible signs of recovery. "Our revenue is going back up. We've been talking about our budget, and I believe by summertime revenues will be back up."

Bill Lance, CEO of the tribe's Commerce Division, said "We've experienced a slight decrease in the past two months as compared to last quarter. But considering the economic conditions both nationally and regionally, we are very pleased with our numbers."

The tribe's fiscal year runs from Oct. 1 to Sept. 30 Total profit last year: $83.5 million Estimated profit 2010: $44 million
Source: Creek Principal Chief A.D. Ellis

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