Tag: revenue

29

Feb2016
January saw Ohio’s four casinos experience a 1.1% increase in revenues over a year ago. Racino revenues were up 9.4%. Hollywood Toledo, which has been the most consistent performer among the casinos over the past several months, experienced the greatest increase. Its revenues of $15.3 million were a 6.8% increase over last year. The ... Read More

18

Jan2016
The Ohio Legislature’s Joint Committee on Gaming and Wagering, which was created to study the gaming environment in Ohio, released a report addressing several issues. The issue drawing the most attention was Ohio’s practice of not taxing promotional spending at the casinos and racinos, which has amounted to $650 million since ... Read More

14

Jan2016
An unusually mild December helped increase revenues at 9 of Ohio’s 11 gaming facilities. Hollywood Toledo led the charge among the casinos - its December revenues of $16.8 million represented an 11.3% increase over last year. Hollywood Columbus revenues of $18.2 million were up 5.2%. Horseshoe Cincinnati saw its revenues ($17.7 million) increase 4%. Horseshoe ... Read More

28

Dec2015

November Revenues Up

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Ten of Ohio’s eleven gambling venues saw revenue increases in November over a year ago. All four casinos were up. Horseshoe Cincinnati had the biggest increase, up 4.5% to $16.5 million. Hollywood Columbus had the highest revenues of the month with $17.3 million, a 3% increase over last year. Hollywood Toledo was up ... Read More

30

Nov2015
All four casinos had increased revenues from a year ago. Horseshoe Cincinnati led the way.  Revenues of $16 million represented a 15% increase over last year. Hollywood Toledo ($15.6 million) was up 2% and Horseshoe Cleveland ($17.9 million) was up 4%. Hollywood Columbus at $17.2 million was about the same ... Read More

01

Sep2015

Racinos on a Roll

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For the fourth consecutive month, Ohio’s seven racinos have exceeded the four casinos in revenue. July racino revenues totaled a near record $73.1 million, only behind May’s $73.6 million. Casino revenues totaled $69.5 million, a modest $1.5 million above last year (2.2%) but $6 million more than in June. Horseshoe Cleveland saw no ... Read More

28

May2015
According to a recent report by RubinBrown LLP, Ohio had the largest annual increase in gaming revenues in 2014. 23 states have commercialized gambling. Only eight increased revenues in 2014. Ohio’s $1.45 billion was a 35.5 percent increase over 2013 revenues. Three new racinos opened in 2014. But the picture was ... Read More

19

May2015
For only the second time since commercial gambling was legalized in Ohio, revenues from Ohio’s seven racinos ($70.5 million) exceeded those of the state’s four casinos ($69.5 million). Hard Rock racino, with revenues of $17.2 million in April, led the way with a 17.7 percent increase over last year. Scioto Downs was ... Read More

20

Apr2015
Ohio's eleven gambling establishments, four casinos and seven racinos, had a record-breaking month with combined revenues of $145.6 million. The previous high was $135.4 million last December. But casino revenues were down from a year ago. The sharpest decline was Horseshoe Cincinnati. Revenues of $17.5 million represented a 13.2 percent ... Read More

16

Mar2015
Rock Ohio Ventures redeemed a 20 percent minority interest held by one of Caesars subsidiaries and now owns 100 percent of Horseshoe Cleveland, Horseshoe Cincinnati, and Thistledown racino. According to Rock Ohio's CEO, nothing changes for customers. Caesars will still manage the facilities. The properties will still be part of ... Read More