Category: Casino

22

Jul2014
The Cincinnati Enquirer analyzed data from Ohio and Indiana gaming venues for the month of June.  They discovered that Miami Valley Gaming, Hollywood Columbus and French Lick Resort offered the best odds at winning, with a 92% payout.  The worst was Horseshoe Hammond at 89.8%.

25

Jun2014

Argosy Purchased

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Penn National Gaming, Inc. has agreed to be purchased by Fortress Investment Group, LLC., according to an article in the Cincinnati Post. Penn National operates several casinos across the United States, including the Argosy in Lawrenceburg, Indiana - just across the river from Ohio. According to the article, Fortress offered ... Read More

22

Apr2014

March Revenues Up

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For the second consecutive month, revenues were up at all 8 of Ohio’s gambling venues. A longer month and an extra weekend most likely played a role in double-digit increases in 7 of the 8 venues. Horseshoe Cincinnati showed the biggest increase among the casinos. The $20.16 million represented a 22% ... Read More

21

Apr2014
The Columbus casino became the last of Ohio’s four casinos to be fined by the Ohio Casino Control Commission. As part of a settlement between the casino and the OCCC, Hollywood Columbus was fined $75,000 for failing to maintain proper credit files and violating state law on how credit is ... Read More

11

Mar2014
All eight gambling venues (4 casinos and 4 racinos) saw an increase in February’s revenue over January’s revenue. Weather was most likely a factor for the increase given that some venues were forced to close for a few days in January. Hollywood Toledo had the biggest increase. Revenues of $15.28 million ... Read More

06

Mar2014
Horseshoe Cincinnati has been fined $75,000 by the Ohio Casino Control Commission for failing to keep complete credit files and violating state law on how credit is issued.

06

Mar2014
A patron at Horseshoe Cincinnati has filed a $500,000 lawsuit against the casino. He was playing craps and his $5 bet at 999-to-1 odds won, entitling him to $5,000. However, the casino refused to pay him. Turns out the patron was on the Indiana Voluntary Exclusion Program where he voluntarily ... Read More

20

Jan2014

December Revenues

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The chilly December temperatures had a chilling effect on all of Ohio’s gaming establishments. Horseshoe Cleveland had its lowest month of revenue since it opened in May 2012. The $18.2 million was down nearly 10% from November. Hollywood Toledo, with revenues of $14.2 million, was down about 4% from November. ... Read More

20

Jan2014

2013 Revenues

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For the year, Ohio’s four casinos and four racinos generated combined revenues of $1.07 billion. In 2009, an Ohio Department of Taxation study estimated total revenues of $1.4 billion once all eleven facilities were up and running. Currently eight are open with three more racinos due to open in 2014. Surrounding ... Read More

03

Jan2014

November Revenues

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Overall, revenues from Ohio’s gambling venues were up slightly from October. Horseshoe Cleveland had the biggest increase, nearly 4% to $20.2 million. The remaining casinos showed just slight variations from October. Horseshoe Cincinnati declined slightly from $18.1 million in October to $17.6 million in November. Hollywood Toledo saw a slight ... Read More