December Revenues Up

December Revenues Up

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 Cincinnati. Revenues of $17.1 million was a 20.1% increase over last year.  Hollywood Toledo, with revenues of $15.1 million, saw an increase of 6% over last year.  Hollywood Columbus experienced the smallest gain over last year, increasing 4.9% to $17.3 million.

There were only four racinos open in December of 2013. The Hard Rock at Northfield Park saw revenues soar 94.4% over last year with $15.8 million. Miami Valley Gaming had the next highest increase, 69.2% with revenues of $9.6 million. Scioto Downs generated revenues of $11.2 million, a 2.1% increase over last year. As mentioned earlier, Thistledown experienced the only decline, dipping 14.6% to $9.2 million.

For the calendar year, things were not so rosy. The four casinos had an adjusted gross income (AGI) of $809.3 million. In 2013, the AGI was $821.3 million. The racinos fared better. Through the first 6 months of their current fiscal year, revenues stood at $68.3 million, a 3% increase over the first 6 months of the last fiscal year.

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