Tag: gambling

05

Dec2012

Casinos Update

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Revenues Revenues at the Cleveland and Toledo casinos continue to decline. For Cleveland, the decline in October was less than in previous months, falling $300,000 to $20.8 million. Since June, the first full month the casino was open, revenues have fallen 20%. For Toledo, the drop was a little steeper, falling ... Read More

04

Dec2012

Ballot Issues

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In last month’s election, the citizens of Green passed a charter amendment banning casino gambling and horse racing in their city. The issue was put on the ballot because of discussion that the Thistledown racino in North Randall was contemplating relocation to Green. Owners of Thistledown opted to stay put ... Read More

13

Sep2012
Penn National Gaming received a license to operate the Columbus Hollywood Casino. The grand opening for the casino has been scheduled for October 8. The casino has planned an invitation-only “soft opening” on October 3. The proceeds from the soft opening will be split between five local charities, including the ... Read More

12

Sep2012

Taxes

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The Feds and the casino cities want their cut of your winnings. Columbus became the latest city to impose an income tax on any winnings from games of chance, including church raffles, the Ohio Lottery and other drawings. Even bingo and March Madness winnings are included. The tax is applicable to ... Read More

12

Sep2012
Scioto Downs saw its revenue increase from $11.1 million to $11.8 million (6.8%) from June to July. In August, revenue again increased to $13.1 million (11%). The spike in August can probably be attributed to the opening of Phase II at Scioto Downs, which saw the addition of 300 VLTs ... Read More

23

Jul2012
At its last meeting, the Ohio Casino Control Commission approved the opening date of October 8 for the Hollywood Casino in Columbus. Coincidently October 8 is Columbus Day. The date is a Monday which will allow the casino to ease into the busy weekend. The OCCC also announced that its director ... Read More

13

Jul2012

Early Returns

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The numbers are out for the first seven weeks of operation for the Cleveland and Toledo casinos, as well as the racino at Scioto Downs. According to the Ohio Casino Control Commission, the three gambling facilities combined brought in $23.5 million for the state. The individual breakdown is as follows: The Cleveland ... Read More

12

Jun2012
Governor Kasich signed HB 386 into law earlier this week. The governor did veto two line items including one that would have allowed a racino to call itself a casino in advertisements. The term ‘casino’ is to be used only with regard to the four facilities in Cincinnati, Cleveland, Columbus ... Read More

08

Jun2012
The prosecutor of Cuyahoga County says that Internet cafes are illegal gambling businesses. He has sent letters to all 50 café owners ordering them to cease business operations immediately. An indictment against ten individuals and seven businesses that provide the software system used in these cafes charges them with racketeering, money ... Read More

07

Jun2012

Cleveland Casino

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Before you head out to the casino, make sure you are properly dressed. Sagging pants are banned. Shirts and shoes required, but nothing offensive can be displayed on your clothing. Hoods can only cover your head in the poker room. Ball caps are allowed.