Tag: casinos

08

May2013
Ohio’s four casinos and one established racino all experienced deep declines in revenue for the month of April. Horseshoe Cleveland experienced the steepest decline, dropping 18.8% to $19.89 million, from March. Part of that decline may be due to the opening of the state’s second racino at Thistledown, which took in ... Read More

06

May2013
As expected, Rock Ohio Caesars, owners of Horseshoe Cleveland, plan to buy the Higbee Building, current home of the Cleveland casino. If the sale is approved, the owners plan to build a skywalk between the Higbee Building and the casino parking garage. Dan Gilbert, owner of Rock Ohio Caesars, tweeted that ... Read More

30

Apr2013

Pennsylvania Casinos

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Ohio’s casinos appear to also be having an impact on Pennsylvania gaming establishments. In 2011, PA was second only to Vegas as a gambling mecca with revenues just above $3 billion. In 2012, PA gambling revenues increased to $3.2 billion. So far in 2013, slot machine revenues have dropped three ... Read More

24

Apr2013

Indiana Casinos

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The opening of Horseshoe Cincinnati has had a negative impact on business at the three riverboat casinos in southeast Indiana for the month of March. Horseshoe Cincinnati had 441,000 visits in March, 20,000 less than the three Indiana casinos combined. Compared to March, 2012, business at the Indiana casinos was down ... Read More

24

Apr2013
The current home of Horseshoe Cleveland, in the Higbee Building in downtown Cleveland, was supposed to be temporary until the Phase 2 casino was built on the riverfront. Now there are rumors of Dan Gilbert, owner of Rock Ohio Caesars, which operates the Cleveland casino, looking to buy the Higbee Building ... Read More

24

Apr2013
Scioto Downs is the place with the best odds for gamblers with a payout percentage of 91.6. Horseshoe Cincinnati is the lowest at 89.3%. Hollywood Columbus was 91.4%, Hollywood Toledo was 91.2% and Horseshoe Cleveland was 90.2%.

24

Apr2013
Horseshoe Cleveland was fined $180,000 by the Ohio Casino Control Commission for violations of state gambling rules. Among the violations were the mishandling of keys, failure to put problem gambling hotline information on advertisements, use of unapproved dice, substituting quarters for chips, allowing cocktail waitresses to enter restricted areas and ... Read More

16

Apr2013

Casino Revenues

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Ohio’s three established casinos all posted double digit increases in revenue for March. Hollywood Columbus had adjusted gross revenue (AGR) of $20.9 million, a 13.3% increase over February. Hollywood Toledo saw revenues of $17.8 million, a 20.9% increase. Horseshoe Cleveland was up 11.1% to $24.5 million. The new Horseshoe Cincinnati ... Read More

15

Apr2013
Tired of waiting on state legislators, Ohio Attorney General Mike DeWine has said he will work with local law enforcement to take legal action to shut down Internet cafes statewide. This comes after the chairman for the State Government Oversight & Reform Committee indicated he hopes to pass legislation by ... Read More

14

Mar2013
Horseshoe Cincinnati became the fourth and final voter approved casino to open its doors. Opening night on March 4 saw an estimated crowd of 5,000 walk through the casino doors. Previously, officials had estimated 6,000 would show up. The Cincinnati casino has nearly 2,000 slots, 87 table games and 31 ... Read More