Tag: racino

30

Jan2017
Overall, casino revenues in 2016 dropped nearly 2% from the previous year. Only Hollywood Columbus showed an increase ($213.5 million, up 1.5%). This was the first time that Hollywood Columbus has topped the annual casino revenue charts. JACK Cleveland, formerly Horseshoe Cleveland, experienced the largest decrease ($203.6 million, down 4.3%), but had been ... Read More

22

Jun2016
Ohio’s four casinos all experienced revenue declines from a year ago while the seven racinos all had revenue increases. JACK Cleveland, which recently closed for 40 hours for their makeover, experienced the largest decline. Revenues of $16 million were down 15% from a year ago. Hollywood Columbus ($17.8 million) and Horseshoe Cincinnati ($16.2 ... Read More

04

Dec2015

Name Game

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Rock Gaming is taking over operations of Horseshoe Cleveland, Horseshoe Cincinnati and Thistledown Racino from Caesars Entertainment. New names haven’t been determined. Everything should be transitioned by mid-2016.

30

Nov2015
All four casinos had increased revenues from a year ago. Horseshoe Cincinnati led the way.  Revenues of $16 million represented a 15% increase over last year. Hollywood Toledo ($15.6 million) was up 2% and Horseshoe Cleveland ($17.9 million) was up 4%. Hollywood Columbus at $17.2 million was about the same ... Read More

14

Sep2015

Racino Payments

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Thanks to an appropriation in Ohio’s biennial budget, six communities will each receive $1 million over the next two years to help with infrastructure costs and increased public safety for the racinos. The money will be paid in two installments of $500,000 each at the end of 2015 and 2016. Half ... Read More

09

Sep2015
Hollywood Gaming at Mahoning Valley is adding 75 VLTs at a cost of $975,000. This will increase the total number of VLTs to 941. Hollywood Gaming already generates the most revenue per VLT among the state’s seven racinos. Penn National Gaming is hopeful construction will be complete by September 1.

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

28

May2015
According to a recent report by RubinBrown LLP, Ohio had the largest annual increase in gaming revenues in 2014. 23 states have commercialized gambling. Only eight increased revenues in 2014. Ohio’s $1.45 billion was a 35.5 percent increase over 2013 revenues. Three new racinos opened in 2014. But the picture was ... Read More

19

May2015
For only the second time since commercial gambling was legalized in Ohio, revenues from Ohio’s seven racinos ($70.5 million) exceeded those of the state’s four casinos ($69.5 million). Hard Rock racino, with revenues of $17.2 million in April, led the way with a 17.7 percent increase over last year. Scioto Downs was ... Read More

22

Apr2015
Approximately 60 organizations have formed the United Charities of Ohio. Their goal is to update Ohio's bingo laws so that charitable organizations can better compete with the legal gambling establishments such as casinos and racinos, as well as those businesses that negatively impact fundraising such as Internet cafes and skill-game ... Read More