Category: Casino

20

Dec2018

Casino News

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The Hard Rock Rocksino will be renamed in 2019 after MGM takes over operation. No word on what the new name will be. In July, MGM purchased Hard Rock for $1 billion. JACK Entertainment, which owns and operates two casinos and a racino in Ohio, has sold its Detroit Greektown casino for $1 ... Read More

13

Dec2018
Nine of Ohio’s eleven gambling institutions saw an increase in revenue over November of 2017. Hollywood Columbus led the way among the casinos. The $18.5 million in revenue was a 5.1% increase over November of 2017. The JACK casinos also saw revenue increases from a year ago. JACK Cleveland, $17.4 million, 2.9% increase; and ... Read More

23

Oct2018
The Federal Trade Commission has approved a $2.8 billion merger between Penn National Gaming and Pinnacle Entertainment Inc. Penn National owns and operates two casinos (Hollywood Columbus and Hollywood Toledo) and two racinos (Hollywood Mahoning Valley and Hollywood Dayton) in Ohio. Pinnacle Entertainment owns and operates a racino (Belterra Park) in Ohio. As ... Read More

18

Oct2018
Ohio’s four casinos saw revenues dip slightly (0.9%) in September, 2018, compared to September, 2017. Meanwhile, the state’s seven racinos experienced an 8.1% increase in revenues over September, 2017. Hollywood Columbus again led the casinos in total revenues with $17.4 million, a 1% decline over September of last year. Jack Cleveland had revenues ... Read More

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

06

Sep2018
Ohio’s four casinos generated $69.7 million in July, down slightly from last year’s July total of $69.9 million. Hollywood Columbus led the way. $19.4 million in revenues was 4% higher than a year ago. Jack Cincinnati checked in with revenues of $17.1 million, a 3% increase. Hollywood Toledo’s $17.2 million was ... Read More

31

Jul2018
For the fiscal year that just ended in June, Ohio’s seven racinos generated $987 million in revenue, a 6.1% increase over last year. Since 2015, racino revenue has grown each year, from $733 million in 2015 to $869 million in 2016 to last year’s $923 million. Hard Rock Rocksino has been the ... 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.

20

Jun2018
Jack Cincinnati has been fined $40,000 by the Ohio Casino Control Commission for filing errors. The casino failed to submit gaming equipment inventory reports to the OCCC for more than seven months.