With the exception of the Thistledown racino, all of Ohio’s gaming facilities that were open a year ago, saw revenue increases. Horseshoe Cleveland had its best month since March 2013 with revenues of $21.3 million, a 16.5% increase over last year. Among the casinos, the largest increase was at Horseshoe ... Read More
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Contact Us 24
Dec2014
A study conducted by Oxford Economics indicates that the gaming industry was responsible for $2.2 billion of Ohio’s economy in 2013. The industry employed nearly 14,000 and generated $672.5 million in tax revenues. Gambling revenue totaled $1.07 billion, well below the $1.9 billion that was projected in 2009 when gambling ... Read More
December 24, 2014ogadmin
23
Dec2014
Horseshoe Cincinnati was fined a total of $40,000 by the Ohio Casino Control Commission. $25,000 was for failure to obtain required certifications from third party vendors for contracts greater than $100,000. The remaining $15,000 was a result of the casino allowing employees to receive tips that aren’t permitted to accept ... Read More
December 23, 2014ogadmin
22
Dec2014
Caesars Entertainment Corp, whose subsidiary Caesar Entertainment Operating Co. manages the Horseshoe casinos in Cleveland and Cincinnati may be on the verge of bankruptcy. They have closed three casinos this year and face a mounting debt that currently stands at $25 billion. In a recent SEC filing, Caesars stated that ... Read More
December 22, 2014ogadmin
22
Dec2014
Every gambling establishment that was open a year ago (4 casinos and 2 racinos) experienced revenue declines in November. Hollywood Columbus had the smallest decline, $16.8 million which was down from $17.5 million a year ago, a 4.1% decrease. Hollywood Toledo had the next smallest decline with revenues of $14 ... Read More
December 22, 2014ogadmin
15
Oct2014
By law, casino operators are required to be transparent with all financial transactions. Rock Ohio Caesars failed to notify the Ohio Casino Control Commission of a loan refinancing that it failed to close. As a result, the OCCC has fined Rock Ohio Caesars $200,000, the largest fine levied against a ... Read More
October 15, 2014ogadmin
14
Oct2014
Casino revenue projections are not the only numbers falling short. In 2009, projections called for 17,200 casino jobs. To date, there are 14,444. Casino officials all point to the same reason. Racinos. VLT’s became legal at horse racing venues in 2011 and has created competition for casinos that was not ... Read More
October 14, 2014ogadmin
14
Oct2014
The 9 gambling facilities in Ohio that have been open for at least 30 days all experienced revenue declines from August. On the casino front, Horseshoe Cincinnati saw the smallest decline, less than 1%. Hollywood Toledo revenues declined 8.9% from August while Horseshoe Cleveland dropped 18% and Hollywood Columbus 12%.
From ... Read More
October 14, 2014ogadmin
13
Aug2014
After several complaints from local residents, the Ohio Attorney General’s office executed a search warrant against the House of Skills, a business in Smith Township in Mahoning county. The business is suspected of operating casino gaming devices and providing cash payouts. Games of skill are permitted in Ohio but cash ... Read More
August 13, 2014ogadmin
13
Aug2014
July was a mixed bag for Ohio’s gambling establishments. Hollywood Columbus revenues were up ever so slightly (.4%) from a year ago and Hollywood Toledo was up 6.4%. Horseshoe Cleveland (10.7%) and Horseshoe Cincinnati (15.5%) saw significant decreases from last year. Overall, casino revenues in Ohio were down 5.6% from ... Read More
August 13, 2014ogadmin