In July, MGM Properties purchased Hard Rock Rocksino, Ohio’s top gambling revenue generator, for $1 billion. Up until now, the Rocksino team stayed on to operate the facility. But beginning sometime in 2019 MGM Resorts will take over operation of the facility and employment of the workers. No word on if there ...
October 11, 2018ogadmin
It has been rumored that Dan Gilbert, founder of Jack Entertainment, is looking to get out of the casino business. Jack Entertainment owns the Jack Cleveland and Jack Cincinnati casinos in Ohio, as well as the Jack Thistledown racino. They also operate the Greektown Casino-Hotel in Detroit, have an ownership ...
October 8, 2018ogadmin
Ohio’s four casinos generated $69.7 million in July, down slightly from last year’s July total of $69.9 million. Hollywood Columbus led the way. $19.4 million in revenues was 4% higher than a year ago. Jack Cincinnati checked in with revenues of $17.1 million, a 3% increase. Hollywood Toledo’s $17.2 million was ...
September 6, 2018ogadmin
For the fiscal year that just ended in June, Ohio’s seven racinos generated $987 million in revenue, a 6.1% increase over last year. Since 2015, racino revenue has grown each year, from $733 million in 2015 to $869 million in 2016 to last year’s $923 million. Hard Rock Rocksino has been the ...
July 31, 2018ogadmin
MGM Growth Properties out of Las Vegas has announced its intentions to purchase Hard Rock for $1.06 billion. MGM has indicated they will hold onto the real estate but sell the entities holding the gaming licenses and operating assets to a third-party operator.
June 26, 2018ogadmin
Jack Cincinnati has been fined $40,000 by the Ohio Casino Control Commission for filing errors. The casino failed to submit gaming equipment inventory reports to the OCCC for more than seven months.
June 20, 2018ogadmin
Three of the state’s four casinos showed increased revenues from a year ago. All four declined in revenue from April. Hollywood Columbus ($18.6 million), Hollywood Toledo ($17.5 million) and Jack Cincinnati ($17.04 million) were all right around a 1% increase from a year ago. But Jack Cleveland’s 10.5% decrease nullified the ...
June 19, 2018ogadmin
Pennsylvania can now add up to 10 mini-casinos that are allowed to have 300-750 slot machines and up to 30 table games each. The state currently has 12 casinos and is the second largest commercial gambling market in the United States (Nevada is first). When and where these mini-casinos will ...
June 14, 2018ogadmin
Gambling revenues were up in all but one of the state’s eleven establishments in April as compared to a year ago. Jack Cleveland was the only casino to show a decline (-2%). Revenue of $17.2 million was also the lowest April total in the casino’s history. Hollywood Columbus led the way ...
June 11, 2018ogadmin
The Cincinnati casino generated its most revenue since opening in 2013. Revenue of $198 million slightly surpassed the $197.8 million in 2014. Jack Cleveland was the only casino to experience a decline in revenue compared to 2016. Hollywood Columbus generated the most revenue among the casinos. Its $220.9 million was ...
January 5, 2018ogadmin