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 ...
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.
The Miami Valley Gaming & Racing racino, being built along I-75, is planning to open in December. The racino will feature a 5/8 mile harness racing track and 2,500 VLTs. This is a joint venture between Churchill Downs and Delaware North Cos. Gaming & Entertainment.
Last week, groundbreaking ceremonies for Penn National Gaming racinos in Dayton and Austintown took place. Both racinos are expected to open mid-2014. The Dayton racino will have 1,500 VLTs and a 5/8-mile harness racetrack. The Austintown racino will have 1,500 VLTs and a 1-mile thoroughbred track. Each racino will offer ...
June 10, 2013ogadmin
Last year a Franklin County Common Pleas judge found that Ohio Roundtable had no legal standing to challenge the constitutionality of VLTs at Ohio’s horse racing tracks. In March of this year, the 10th District Court of Appeals upheld that decision. Now Ohio Roundtable is taking their argument to the ...
May 17, 2013ogadmin
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 ...
May 8, 2013ogadmin
The Ohio State Racing Commission has approved the license transfers for Penn National Gaming to relocate its horse racing tracks at Beulah Park in Grove City to Austintown and Raceway Park in Toledo to Dayton. The issue over seating was resolved when the racing commission accepted Penn National Gaming’s latest proposal. ...
May 7, 2013ogadmin
Penn National Gaming presented their fourth plan for the Austintown Racino to the Ohio State Racing Commission. Construction has been stopped over seating concerns. The latest proposal is in two phases with an option for a possible third phase. The first phase would have 513 indoor seats with table service and ...
May 1, 2013ogadmin
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 ...
April 30, 2013ogadmin
Penn National Gaming has stopped work on racinos in Austintown and Dayton, as a result of the impasse with the state racing commission over additional indoor seating. Penn National Gaming claims the racing commission’s insistence on an additional 1,200 seats between the two sites is not in line with today’s type ...
April 24, 2013ogadmin