Tag: racino

21

Apr2015

Pennsylvania Racino

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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

20

Apr2015
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
April 20, 2015ogadmin

16

Mar2015
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
March 16, 2015ogadmin

12

Mar2015

Up and Down Gambling

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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
March 12, 2015ogadmin

29

Jan2015

December Revenues Up

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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 ... Read More
January 29, 2015ogadmin

23

Dec2014
A Senate amendment to HB494 called for three annual payments of $500,000 to Austintown and Dayton for being racino host cities. Governor Kasich has vetoed the amendment. The issue was over where the payments would come from. The amendment called for a 50-50 split of each $500,000 payment, half coming ... Read More
December 23, 2014ogadmin

13

Aug2014
Hollywood Gaming at Mahoning Valley Race Course will officially open its doors on September 17, becoming the seventh and final racino in Ohio. The racino will have 850 VLT’s along with several dining and entertainment venues. The adjoining racetrack will have live thoroughbred racing beginning November 24. The track will ... Read More
August 13, 2014ogadmin

22

Jul2014
Thistledown has decided to remain at its current location in North Randall.  Before opening, Rock Ohio Caesar’s had reached an agreement with the Governor’s office that would have allowed the track to relocate to the Akron-Canton area within 12 miles of the city of Green. A decision had to be ... Read More
July 22, 2014ogadmin

22

Jul2014
Hollywood Gaming at Dayton Raceway will become Ohio’s sixth racino when it opens August 28.  There will be 1,000 VLT’s and live harness racing.  There are 56 race dates scheduled, beginning October 3 and ending December 27.  Simulcast viewing of harness and thoroughbred racing will also be available.
July 22, 2014ogadmin