Tag: casinos

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

14

Mar2013

Casino Shortcomings

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Ohio’s casino revenues are well below what was projected to voters in 2009. Gross revenues are expected to fall short some $904 million over the two-year state budget period. While there is no definitive answer for why, there are many who blame the Internet cafes. There is no data to ... Read More

14

Mar2013

Casino Revenues

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The casinos in Cleveland, Columbus and Toledo all experienced revenue increases in February. For Hollywood Columbus, revenues increased 1.2% over January to $18.5 million. Hollywood Toledo revenues were up 3.3% to $14.8 million. Horseshoe Cleveland saw the biggest increase, 7% to $22.1 million. Since its first full month of operation ... Read More

18

Feb2013
The Ohio Casino Control Commission has unanimously approved a gambling license for the Cincinnati Horseshoe Casino, the fourth and final casino approved by voters in 2009. The license was granted despite concerns about the financial condition of Caesars Entertainment, management company of the Cincinnati and Cleveland casinos. Caesars has $22 ... Read More

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

21

Jan2013

Fines

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Operators of Cleveland’s Horseshoe Casino were fined for violating Ohio Casino Control Commission regulations. This is the first time an operating company has been sanctioned. The casino will pay a $15,000 fine for using software not approved by the commission. The casino will also be required to have an employee ... 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

18

Dec2012

Would-Be CFO Banned

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In an agreement reached with the OCCC, Thomas Dillard III was barred from becoming CFO for Cleveland’s Horseshoe Casino and prohibited from working with any casino in Ohio for the next three years. Concerns about Dillard arose during the licensing process (reported in our April 24 article). Dillard’s North Carolina ... Read More