Tag: racino

23

Oct2018
The Federal Trade Commission has approved a $2.8 billion merger between Penn National Gaming and Pinnacle Entertainment Inc. Penn National owns and operates two casinos (Hollywood Columbus and Hollywood Toledo) and two racinos (Hollywood Mahoning Valley and Hollywood Dayton) in Ohio. Pinnacle Entertainment owns and operates a racino (Belterra Park) in Ohio. As ... Read More
October 23, 2018ogadmin

18

Oct2018
Ohio’s four casinos saw revenues dip slightly (0.9%) in September, 2018, compared to September, 2017. Meanwhile, the state’s seven racinos experienced an 8.1% increase in revenues over September, 2017. Hollywood Columbus again led the casinos in total revenues with $17.4 million, a 1% decline over September of last year. Jack Cleveland had revenues ... Read More
October 18, 2018ogadmin

08

Oct2018
It has been rumored that Dan Gilbert, founder of Jack Entertainment, is looking to get out of the casino business. Jack Entertainment owns the Jack Cleveland and Jack Cincinnati casinos in Ohio, as well as the Jack Thistledown racino. They also operate the Greektown Casino-Hotel in Detroit, have an ownership ... Read More
October 8, 2018ogadmin

06

Sep2018
Ohio’s four casinos generated $69.7 million in July, down slightly from last year’s July total of $69.9 million. Hollywood Columbus led the way. $19.4 million in revenues was 4% higher than a year ago. Jack Cincinnati checked in with revenues of $17.1 million, a 3% increase. Hollywood Toledo’s $17.2 million was ... Read More
September 6, 2018ogadmin

31

Jul2018
For the fiscal year that just ended in June, Ohio’s seven racinos generated $987 million in revenue, a 6.1% increase over last year. Since 2015, racino revenue has grown each year, from $733 million in 2015 to $869 million in 2016 to last year’s $923 million. Hard Rock Rocksino has been the ... Read More
July 31, 2018ogadmin

19

Jun2018
Three of the state’s four casinos showed increased revenues from a year ago. All four declined in revenue from April. Hollywood Columbus ($18.6 million), Hollywood Toledo ($17.5 million) and Jack Cincinnati ($17.04 million) were all right around a 1% increase from a year ago. But Jack Cleveland’s 10.5% decrease nullified the ... Read More
June 19, 2018ogadmin

12

Jun2018
Depends on who you ask. Eilers & Krejcik Gaming is an outfit that tracks gambling legislation nationwide. They believe Ohio is one of 11 states that has a good chance of enacting sports gambling legislation. A report on ESPN has Ohio in the “no legislation activity yet” category, but Eilers ... Read More
June 12, 2018ogadmin

11

Jun2018

April Revenues

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Gambling revenues were up in all but one of the state’s eleven establishments in April as compared to a year ago. Jack Cleveland was the only casino to show a decline (-2%). Revenue of $17.2 million was also the lowest April total in the casino’s history. Hollywood Columbus led the way ... Read More
June 11, 2018ogadmin

05

Jan2018
The Cincinnati casino generated its most revenue since opening in 2013. Revenue of $198 million slightly surpassed the $197.8 million in 2014. Jack Cleveland was the only casino to experience a decline in revenue compared to 2016. Hollywood Columbus generated the most revenue among the casinos. Its $220.9 million was ... Read More
January 5, 2018ogadmin

05

Dec2017
Casino employees are now allowed to gamble in casinos where they don’t work. They have always been allowed to gamble in racinos. Racino employees could always gamble at casinos or other racinos. The rule against casino employees gambling has been in effect since Ohio legalized casinos. However, according to a bill ... Read More
December 5, 2017ogadmin