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
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
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
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
The Ohio State University has filed its opposition to the use of “The Shoe” as a trademark being sought after by Caesars Entertainment. Caesars wants to use “The Shoe” for “entertainment services” such as live concerts. OSU claims “The Shoe” has made reference to the football stadium since at least ... Read More
Rock Gaming is taking over operations of Horseshoe Cleveland, Horseshoe Cincinnati and Thistledown Racino from Caesars Entertainment. New names haven’t been determined. Everything should be transitioned by mid-2016.
A recent report from the American Gaming Association says that Ohio’s casinos and racinos are responsible for 18,000 jobs, have an economic impact of $3 billion and generate $900 million in tax revenues for the state.
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
Thanks to an appropriation in Ohio’s biennial budget, six communities will each receive $1 million over the next two years to help with infrastructure costs and increased public safety for the racinos. The money will be paid in two installments of $500,000 each at the end of 2015 and 2016. Half ... Read More