Category: Casino

14

Jun2019
Hard Rock International and VICI Properties have agreed to purchase the JACK Cincinnati casino and Turfway Park for $780 million. Hard Rock, which will run operations at both establishments, will buy JACK Cincinnati. VICI Properties will buy Turfway Park, which is located in Florence, KY. VICI will enter into a ... Read More

04

Apr2019
Name change was effective April 1. MGM Resorts International purchased the operating assets of Hard Rock from its sister company MGM Growth Properties, which purchased Hard Rock in 2018 for $1 billion. This is the largest racino in Ohio. Facilities also underwent name changes. The Hard Rock Café is now the TAP ... Read More

18

Mar2019
All eleven of Ohio’s gambling establishments experienced revenue increases over February, 2018. Among the casinos, Hollywood Columbus led the way with revenue of $19.1 million, a 2.7% increase from a year ago. JACK Cincinnati experienced the greatest increase. Revenue of $17.8 million was a 4.7% increase. JACK Cleveland was up 4.3% ... Read More

07

Feb2019

Show Me the Money

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A Dayton Daily News investigation has compared 2009 campaign promises with today’s reality. Among its findings: Casino advocates predicted annual revenues of $1.9 billion before taxes. That figure was adjusted to $1.4 billion after VLT’s were allowed at seven Ohio horse racing tracks. In 2017 (latest year for the investigation), ... Read More

04

Feb2019
2018 was another record year for revenues generated by Ohio’s eleven gambling establishments. The $1.86 billion was a 4% increase over 2017’s $1.78 billion. Since the first casino opened in 2012, a new revenue record has been set each year. The four casinos generated revenues of $837 million, a 2.3% increase ... Read More

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