Casinos Update

Casinos Update

Revenues at the Cleveland and Toledo casinos continue to decline. For Cleveland, the decline in October was less than in previous months, falling $300,000 to $20.8 million. Since June, the first full month the casino was open, revenues have fallen 20%. For Toledo, the drop was a little steeper, falling $1.1 million to $14.8 million. But since June, the decline has been 27%. The Columbus casino, which opened October 8, generated $18.3 million in revenue. November figures should be released in the next week.

Meanwhile, revenues declined at the Scioto Downs racino, dropping from $13.3 million in September to $10.3 million in October, a 22.6% decline. However, for the third quarter, revenue jumped from $1.4 million in 2011 to $41.7 million in 2012.

More Tables
Cleveland’s Horseshoe Casino has added 24 tables for such games as blackjack, roulette and baccarat. To make room, 200 slot machines were removed. The casino now has 119 tables and a little fewer than 1,900 slot machines.

/ Casino / Tags: , , ,

Share the Post