The casinos in Cleveland, Columbus and Toledo all experienced revenue increases in February. For Hollywood Columbus, revenues increased 1.2% over January to $18.5 million. Hollywood Toledo revenues were up 3.3% to $14.8 million. Horseshoe Cleveland saw the biggest increase, 7% to $22.1 million. Since its first full month of operation ... Read More
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Feb2013
The Ohio Casino Control Commission has unanimously approved a gambling license for the Cincinnati Horseshoe Casino, the fourth and final casino approved by voters in 2009. The license was granted despite concerns about the financial condition of Caesars Entertainment, management company of the Cincinnati and Cleveland casinos. Caesars has $22 ... Read More
February 18, 2013ogadmin
11
Feb2013
Adjusted gross revenue increased in January at the Columbus and Toledo casinos, but experienced a significant drop-off at the Cleveland casino.
For Hollywood Columbus, the AGI was up nearly 2%, to $18.26 million. The Hollywood Toledo AGI was up slightly to $14.2 million, a .7% increase. And the Horseshoe Cleveland AGI ... Read More
February 11, 2013ogadmin
08
Feb2013
Due to customer demand, the Hollywood Casino will be removing 500 slot machines and adding 6 poker tables. Columbus becomes the second casino to reduce its slot machines. Recently Cleveland removed 230 slot machines.
This comes on the heels of lower than expected revenues. The average revenue in December per slot ... Read More
February 8, 2013ogadmin
21
Jan2013
Operators of Cleveland’s Horseshoe Casino were fined for violating Ohio Casino Control Commission regulations. This is the first time an operating company has been sanctioned. The casino will pay a $15,000 fine for using software not approved by the commission. The casino will also be required to have an employee ... Read More
January 21, 2013ogadmin
16
Jan2013
Work has begun on the Hard Rock racino at Northfield Park. It is expected to open during the fourth quarter of this year. This is despite the fact Northfield Park is the only track that has yet to file its license application, which must be granted before the racino can ... Read More
January 16, 2013ogadmin
14
Jan2013
December revenues at Ohio’s three casinos reversed earlier trends.
The Horseshoe Casino in Cleveland had seen revenues decline in every month since June, which was the first full month of operation. December revenues increased $4.1 million, a 20% increase from November.
The Hollywood Casino in Toledo had seen even more precipitous drops ... Read More
January 14, 2013ogadmin
18
Dec2012
In an agreement reached with the OCCC, Thomas Dillard III was barred from becoming CFO for Cleveland’s Horseshoe Casino and prohibited from working with any casino in Ohio for the next three years. Concerns about Dillard arose during the licensing process (reported in our April 24 article). Dillard’s North Carolina ... Read More
December 18, 2012ogadmin
18
Dec2012
The Ohio Casino Control Commission has approved an opening date of March 4, 2013, for the Cincinnati Horseshoe Casino. This is the fourth and final casino that was approved by voters in 2009. The Cincinnati casino is expected to employ approximately 1,700 people and will include 2,000 slot machines, 85 ... Read More
December 18, 2012ogadmin
12
Dec2012
Overall, casino revenues were up slightly in November, but that can be attributed to the Columbus casino’s first full month of operation. Revenues at the Toledo and Cleveland casinos, as well as the racino at Scioto Downs, continue to decline.
For the Horseshoe Casino in Cleveland, the drop in adjusted gross ... Read More
December 12, 2012ogadmin