January Revenues Up

January Revenues Up

Revenues at three of Ohio’s four casinos were up from a year ago. Hollywood Toledo led the way with a 24.2 percent increase over January 2014 ($14.3 million). Hollywood Columbus had the highest revenue for the month. The $17.9 million was a 17 percent increase over last year. This was also the third time in the past four months that Hollywood Columbus generated the most revenues among the casinos. Horseshoe Cleveland was close behind with revenues of $17.4 million, a 4.5 percent increase over last year. Horseshoe Cincinnati was the only casino to show a decline, down 6.2 percent to $15.2 million.

Three of the four racinos that were open a year ago also saw revenue increases. The largest increase was Miami Valley Gaming with revenues of $9.7 million, a 24.7 percent increase over last year. Hard Rock’s $15.6 million was the highest revenue among the racinos, a 21.7 percent increase over last year. Scioto Downs increased 12.4 percent to $10.9 million. Thistledown was the only racino showing a decrease from a year ago, with revenues of $8.8 million, a 1.5 percent drop.

The weather was probably a significant factor. January of 2014 saw lots of snow and bitter cold. A couple of the casinos were actually closed for more than two days. January of 2015 had little snow and relatively moderate temperatures.