Tag: gambling

11

Jun2013

Casino Revenues

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May was a mixed bag with two casinos showing increases and two showing decreases in revenues. Horseshoe Cleveland saw an increase of less than 1% from April, with revenues of slightly over $20 million. Horseshoe Cincinnati, the newest casino, had revenues of $19.6 million, a 10% increase over April. Hollywood ... Read More

11

Jun2013

Free Play

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Horseshoe Cincinnati was the leader here, with $6.92 million in free play. At the other end of the spectrum was Hollywood Columbus with $1.82 million in free play. Horseshoe Cleveland checked in with $6.2 million, the Thistledown racino at $5.16 million and the Scioto Downs racino at $3.82 million.

17

May2013
The National Park Service has rejected plans by Rock Ohio to build a skywalk to connect the casino parking garage to the casino, claiming that the bridge would “negatively impact the historic character” of the Higbee Building and the Tower City Center, which are on the National Register of Historic ... Read More

08

May2013
Ohio’s four casinos and one established racino all experienced deep declines in revenue for the month of April. Horseshoe Cleveland experienced the steepest decline, dropping 18.8% to $19.89 million, from March. Part of that decline may be due to the opening of the state’s second racino at Thistledown, which took in ... Read More

06

May2013
As expected, Rock Ohio Caesars, owners of Horseshoe Cleveland, plan to buy the Higbee Building, current home of the Cleveland casino. If the sale is approved, the owners plan to build a skywalk between the Higbee Building and the casino parking garage. Dan Gilbert, owner of Rock Ohio Caesars, tweeted that ... Read More

30

Apr2013

Pennsylvania Casinos

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Ohio’s casinos appear to also be having an impact on Pennsylvania gaming establishments. In 2011, PA was second only to Vegas as a gambling mecca with revenues just above $3 billion. In 2012, PA gambling revenues increased to $3.2 billion. So far in 2013, slot machine revenues have dropped three ... Read More

24

Apr2013

Indiana Casinos

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The opening of Horseshoe Cincinnati has had a negative impact on business at the three riverboat casinos in southeast Indiana for the month of March. Horseshoe Cincinnati had 441,000 visits in March, 20,000 less than the three Indiana casinos combined. Compared to March, 2012, business at the Indiana casinos was down ... Read More

24

Apr2013
The current home of Horseshoe Cleveland, in the Higbee Building in downtown Cleveland, was supposed to be temporary until the Phase 2 casino was built on the riverfront. Now there are rumors of Dan Gilbert, owner of Rock Ohio Caesars, which operates the Cleveland casino, looking to buy the Higbee Building ... Read More

24

Apr2013
Scioto Downs is the place with the best odds for gamblers with a payout percentage of 91.6. Horseshoe Cincinnati is the lowest at 89.3%. Hollywood Columbus was 91.4%, Hollywood Toledo was 91.2% and Horseshoe Cleveland was 90.2%.

14

Mar2013
Horseshoe Cincinnati became the fourth and final voter approved casino to open its doors. Opening night on March 4 saw an estimated crowd of 5,000 walk through the casino doors. Previously, officials had estimated 6,000 would show up. The Cincinnati casino has nearly 2,000 slots, 87 table games and 31 ... Read More