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09

Sep2015

Austintown Racino to Expand

/ Casino
Hollywood Gaming at Mahoning Valley is adding 75 VLTs at a cost of $975,000. This will increase the total number of VLTs to 941. Hollywood Gaming already generates the most revenue per VLT among the state’s seven racinos. Penn National Gaming is hopeful construction will be complete by September 1.

08

Sep2015

Legal Blotter

/ Casino
Several former employees of Horseshoe Cincinnati have been indicted on two different scams that cost the casino more than $121,000. In one of the scams, a table games supervisor would place a predetermined sequence of cards into a deck at a baccarat table. Once the deck was ready, he would ... Read More

03

Sep2015

Fines

/ Casino
Horseshoe Cleveland and Horseshoe Cincinnati have been fined by the Ohio Casino Control Commission (OCCC). The Cleveland casino was fined $50,000 for issues involving its surveillance system. Inadequate coverage of table games was discovered during a routine audit by the OCCC several months ago. It was the failure of the casino to resolve ... Read More

02

Sep2015

Sports Betting Still Not Legal in New Jersey

/ Other Gaming
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

01

Sep2015

Racinos on a Roll

/ Casino
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

28

May2015

Impact of Ohio Gaming on Surrounding States

/ Casino
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

26

May2015

Oversaturated Market?

/ Casino
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

21

May2015

Skilled-Games Parlors

/ Other Gaming
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

19

May2015

Racinos Top Casinos in Revenue

/ Casino, Lottery
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

23

Apr2015

Legal Blotter

/ Other Gaming
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