Horseshoe Cleveland – Page 2

Tag: Horseshoe Cleveland

20

Apr2015

Record Revenues in March

April 20, 2015

Ohio's eleven gambling establishments, four casinos and seven racinos, had a record-breaking month with combined revenues of $145.6 million. The previous high was $135.4 million last December. But casino revenues were down from a year ago. The sharpest decline was Horseshoe Cincinnati. Revenues of $17.5 million represented a 13.2 percent ... Read More

16

Mar2015

Rock Ohio Ventures Buys Out Caesars

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March 16, 2015

Rock Ohio Ventures redeemed a 20 percent minority interest held by one of Caesars subsidiaries and now owns 100 percent of Horseshoe Cleveland, Horseshoe Cincinnati, and Thistledown racino. According to Rock Ohio's CEO, nothing changes for customers. Caesars will still manage the facilities. The properties will still be part of ... Read More

12

Mar2015

Up and Down Gambling

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March 12, 2015

Three of Ohio's four casinos showed a decline in revenues from a year ago, but overall, gambling revenues were up slightly (1.1 percent). Horseshoe Cleveland was the only casino with increased revenues from a year ago, up 14.7 percent, to $20.1 million. Horseshoe Cincinnati, with revenues of $15.6 million, declined ... Read More

24

Feb2015

January Revenues Up

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February 24, 2015

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 ... Read More

22

Dec2014

Financial Woes

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December 22, 2014

Caesars Entertainment Corp, whose subsidiary Caesar Entertainment Operating Co. manages the Horseshoe casinos in Cleveland and Cincinnati may be on the verge of bankruptcy. They have closed three casinos this year and face a mounting debt that currently stands at $25 billion. In a recent SEC filing, Caesars stated that ... Read More