Tag: revenue

11

Feb2013

Casino Revenues

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Adjusted gross revenue increased in January at the Columbus and Toledo casinos, but experienced a significant drop-off at the Cleveland casino. For Hollywood Columbus, the AGI was up nearly 2%, to $18.26 million. The Hollywood Toledo AGI was up slightly to $14.2 million, a .7% increase. And the Horseshoe Cleveland AGI ... Read More

08

Feb2013

Columbus Casino Update

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Due to customer demand, the Hollywood Casino will be removing 500 slot machines and adding 6 poker tables. Columbus becomes the second casino to reduce its slot machines. Recently Cleveland removed 230 slot machines.  This comes on the heels of lower than expected revenues. The average revenue in December per ... Read More

14

Jan2013

Casino Revenues

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December revenues at Ohio’s three casinos reversed earlier trends.  The Horseshoe Casino in Cleveland had seen revenues decline in every month since June, which was the first full month of operation. December revenues increased $4.1 million, a 20% increase from November.  The Hollywood Casino in Toledo had seen even more ... Read More

12

Dec2012

Casino Revenues

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Overall, casino revenues were up slightly in November, but that can be attributed to the Columbus casino’s first full month of operation. Revenues at the Toledo and Cleveland casinos, as well as the racino at Scioto Downs, continue to decline. For the Horseshoe Casino in Cleveland, the drop in adjusted gross ... Read More

05

Dec2012

Casinos Update

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Revenues 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 ... Read More

12

Sep2012
Scioto Downs saw its revenue increase from $11.1 million to $11.8 million (6.8%) from June to July. In August, revenue again increased to $13.1 million (11%). The spike in August can probably be attributed to the opening of Phase II at Scioto Downs, which saw the addition of 300 VLTs ... Read More

13

Jul2012

Early Returns

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The numbers are out for the first seven weeks of operation for the Cleveland and Toledo casinos, as well as the racino at Scioto Downs. According to the Ohio Casino Control Commission, the three gambling facilities combined brought in $23.5 million for the state. The individual breakdown is as follows: The Cleveland ... Read More

18

Jun2012
The Cleveland casino claims that 500,000 visitors have walked through their doors since the May 14 opening. Rock Ohio had projected five million visitors annually so they are well on their way. Meanwhile, Scioto Downs raked in over $4 million in nine days, netting the lottery commission a cool $1.3 million.

21

May2012
The card room provision was removed from Substitute H.B. 386 right before the Ohio Senate voted to pass the bill. The chairman of the Senate Government Oversight and Reform Committee said that charity card rooms would be dealt with in a separate bill sometime in the future. The bill later stalled ... Read More

20

Mar2012
Governor John Kasich and Penn National Gaming have reached a nonbinding memorandum of understanding. This agreement will allow Penn National to relocate its two horse racing facilities from Grove City and Toledo to Austintown and Dayton respectively. The agreement also allows for VLTs at the two facilities. Penn National will pay ... Read More