Category: Casino

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.

19

Jun2018
Three of the state’s four casinos showed increased revenues from a year ago. All four declined in revenue from April. Hollywood Columbus ($18.6 million), Hollywood Toledo ($17.5 million) and Jack Cincinnati ($17.04 million) were all right around a 1% increase from a year ago. But Jack Cleveland’s 10.5% decrease nullified the ... Read More

14

Jun2018
Pennsylvania can now add up to 10 mini-casinos that are allowed to have 300-750 slot machines and up to 30 table games each. The state currently has 12 casinos and is the second largest commercial gambling market in the United States (Nevada is first). When and where these mini-casinos will ... Read More