Tag: casinos

11

Oct2018
In July, MGM Properties purchased Hard Rock Rocksino, Ohio’s top gambling revenue generator, for $1 billion. Up until now, the Rocksino team stayed on to operate the facility. But beginning sometime in 2019 MGM Resorts will take over operation of the facility and employment of the workers. No word on if there ... Read More

08

Oct2018
It has been rumored that Dan Gilbert, founder of Jack Entertainment, is looking to get out of the casino business. Jack Entertainment owns the Jack Cleveland and Jack Cincinnati casinos in Ohio, as well as the Jack Thistledown racino. They also operate the Greektown Casino-Hotel in Detroit, have an ownership ... Read More

26

Jun2018
MGM Growth Properties out of Las Vegas has announced its intentions to purchase Hard Rock for $1.06 billion. MGM has indicated they will hold onto the real estate but sell the entities holding the gaming licenses and operating assets to a third-party operator.

12

Jun2018
Depends on who you ask. Eilers & Krejcik Gaming is an outfit that tracks gambling legislation nationwide. They believe Ohio is one of 11 states that has a good chance of enacting sports gambling legislation. A report on ESPN has Ohio in the “no legislation activity yet” category, but Eilers ... Read More

05

Dec2017
Casino employees are now allowed to gamble in casinos where they don’t work. They have always been allowed to gamble in racinos. Racino employees could always gamble at casinos or other racinos. The rule against casino employees gambling has been in effect since Ohio legalized casinos. However, according to a bill ... Read More

01

Dec2017

Casino Fines

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Hollywood Columbus was sanctioned for a second time by the Ohio Casino Control Commission. The casino was fined $10,000 and required to provide additional employee training. A number of casino operated slot machines had unapproved software. The casino also failed to properly maintain a list of those slot machines in ... Read More

03

Feb2017

Legal Beat

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Barring an appeal, the final challenge to the constitutionality of Ohio’s casinos has ended. Last Fall, a Franklin County Court of Common Pleas judge ruled against Frederick Kinsey, the last of seventeen members of Ohio Roundtable who had filed a lawsuit in 2011 challenging the constitutionality of casino gambling in Ohio. The ... Read More

01

Feb2017

Gambling by the Numbers

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The Columbus Dispatch analyzed gambling in Ohio for the period 2012-15. $62.9 billion was bet at Ohio’s legal gambling establishments with winning payouts totaling $53.3 billion, leaving $9.7 billion that people lost gambling. The casinos to date have generated over $1 billion in tax revenue. Ohio cities and counties have received over $660,000 ... Read More

03

Sep2015

Fines

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Horseshoe Cleveland and Horseshoe Cincinnati have been fined by the Ohio Casino Control Commission (OCCC). The Cleveland casino was fined $50,000 for issues involving its surveillance system. Inadequate coverage of table games was discovered during a routine audit by the OCCC several months ago. It was the failure of the casino to resolve ... Read More

01

Sep2015

Racinos on a Roll

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For the fourth consecutive month, Ohio’s seven racinos have exceeded the four casinos in revenue. July racino revenues totaled a near record $73.1 million, only behind May’s $73.6 million. Casino revenues totaled $69.5 million, a modest $1.5 million above last year (2.2%) but $6 million more than in June. Horseshoe Cleveland saw no ... Read More