Casino Revenues Drop Sharply in April

Casino Revenues Drop Sharply in April

Ohio’s four casinos and one established racino all experienced deep declines in revenue for the month of April.

Horseshoe Cleveland experienced the steepest decline, dropping 18.8% to $19.89 million, from March. Part of that decline may be due to the opening of the state’s second racino at Thistledown, which took in $7.96 million from slots in its first month of operation.

Next was Horseshoe Cincinnati, where revenues dropped 15.2% to $17.82 million from March. Hollywood Columbus had revenues of $18.08 million, a 13.7% decline from March and Hollywood Toledo had revenues of $16.39 million, an 8.2% decrease from March. Overall, revenues from the four casinos dropped 14.4% from March.

The racino at Scioto Downs also experienced a decline in revenue, down 9.9% to $11.36 million from March.

Owners are not overly concerned. April is typically a slower month for casinos. And this April had one less weekend than March. Weekends are usually significantly better business days.

/ Casino / Tags: , , , ,

Share the Post