A Third U.S. Circuit Court of Appeals panel has upheld the federal ban on sports betting in all but four states. The Professional and Amateur Sports Protection Act (PASPA) was enacted in 1992. Nevada, Oregon, Montana and Delaware were grandfathered in as exceptions to the ban.
Another exception was granted to ... Read More
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Sep2015
For the fourth consecutive month, Ohio’s seven racinos have exceeded the four casinos in revenue. July racino revenues totaled a near record $73.1 million, only behind May’s $73.6 million. Casino revenues totaled $69.5 million, a modest $1.5 million above last year (2.2%) but $6 million more than in June.
Horseshoe Cleveland saw no ... Read More
September 1, 2015ogadmin
28
May2015
According to a recent report by RubinBrown LLP, Ohio had the largest annual increase in gaming revenues in 2014. 23 states have commercialized gambling. Only eight increased revenues in 2014. Ohio’s $1.45 billion was a 35.5 percent increase over 2013 revenues. Three new racinos opened in 2014.
But the picture was ... Read More
May 28, 2015ogadmin
26
May2015
A recent Moody’s Investors Service analysis seems to think so. Some observations from their report:
An aging population. People 65 and older don’t have as much discretionary income that gambling really relies on.
At the other end, younger people aren’t as interested in gambling as older generations. And those who are interested prefer technology ... Read More
May 26, 2015ogadmin
21
May2015
Richmond Heights, a city near Euclid, in Cuyahoga County, has changed its zoning code so that Skillz Zone, a skilled-game parlor, which operates much like an Internet café, can open its doors for business. City Council felt that Skillz Zone was small enough and out of the way enough not to ... Read More
May 21, 2015ogadmin
19
May2015
For only the second time since commercial gambling was legalized in Ohio, revenues from Ohio’s seven racinos ($70.5 million) exceeded those of the state’s four casinos ($69.5 million).
Hard Rock racino, with revenues of $17.2 million in April, led the way with a 17.7 percent increase over last year. Scioto Downs was ... Read More
May 19, 2015ogadmin
23
Apr2015
A Dayton business owner has pleaded guilty to federal charges of conspiracy to operate an illegal gambling business, operation of an illegal gambling business, conspiracy to defraud the United States and witness tampering.
According to the U.S. Department of Justice, Reece Powers II recruited local nonprofit charitable organizations to sponsor poker ... Read More
April 23, 2015ogadmin
22
Apr2015
Approximately 60 organizations have formed the United Charities of Ohio. Their goal is to update Ohio's bingo laws so that charitable organizations can better compete with the legal gambling establishments such as casinos and racinos, as well as those businesses that negatively impact fundraising such as Internet cafes and skill-game ... Read More
April 22, 2015ogadmin
21
Apr2015
Penn National Gaming has pulled out of its joint venture with Endeka Entertainment LP to build a racino in Lawrence County, PA. The Hollywood Gaming at Mahoning Valley Race Course racino, also operated by Penn National Gaming, is less than 30 minutes away from the proposed Pennsylvania site near New ... Read More
April 21, 2015ogadmin
20
Apr2015
In 2012, legislation paved the way for racinos to come to Ohio. As part of that legislation, a memorandum of understanding called for an annual payment of $500,000 to each of the six host communities. Columbus was excluded because of the casino. However, an agreement was never reached on how ... Read More
April 20, 2015ogadmin