Last week, a substitute Senate Bill 176 was introduced, which made a litany of changes to Ohio’s proposed sports betting industry. And today, a few days after those changes were introduced, an omnibus amendment was passed to make even more changes to the bill, which was referred out of the ...
June 16, 2021ogadmin
Less than a week after Senate Bill 176 (“SB 176”) was introduced, significant changes have been made and will be introduced via a substitute bill soon. At the first hearing of the Senate Select Committee on Gaming since SB 176 was introduced, sponsors Manning and Antani announced a substitute bill ...
May 17, 2021ogadmin
Ohio’s newest omnibus gaming bill was introduced on Thursday, May 6. Senate Bill 176 (“SB 176”) covers a range of topics, including the authorization of sports betting, the creation of a sports betting pool within the lottery, online sports gaming, authorization of electronic instant bingo, and also established a committee ...
May 7, 2021ogadmin
The last week of January brought news of a unique deal between casino operator Penn National Gaming, owner of two casinos and two racinos in Ohio, and Barstool Sports. Penn National will make an initial investment of $163 million for a 36% interest in the Barstool Sports media company. The initial ...
February 25, 2020ogadmin
The first month of 2020 was an exceptional one for Ohio’s casinos and racinos which shattered their previous January record high for gambling revenue. The casinos and racinos combined for $167 million in gambling revenue up 19% from the previous high set last year of $140.7 million. Each year the ...
February 19, 2020ogadmin
The Ohio House and Senate have each introduced their own version of how sports betting should be regulated in the state. The Senate came first, introducing Senate Bill 111 in March. The House followed by introducing House Bill 194 in early April. There are differences between the two bills. Among ...
June 17, 2019ogadmin
Hard Rock International and VICI Properties have agreed to purchase the JACK Cincinnati casino and Turfway Park for $780 million. Hard Rock, which will run operations at both establishments, will buy JACK Cincinnati. VICI Properties will buy Turfway Park, which is located in Florence, KY. VICI will enter into a ...
June 14, 2019ogadmin
All eleven of Ohio’s gambling establishments experienced revenue increases over February, 2018. Among the casinos, Hollywood Columbus led the way with revenue of $19.1 million, a 2.7% increase from a year ago. JACK Cincinnati experienced the greatest increase. Revenue of $17.8 million was a 4.7% increase. JACK Cleveland was up 4.3% ...
March 18, 2019ogadmin
2018 was another record year for revenues generated by Ohio’s eleven gambling establishments. The $1.86 billion was a 4% increase over 2017’s $1.78 billion. Since the first casino opened in 2012, a new revenue record has been set each year. The four casinos generated revenues of $837 million, a 2.3% increase ...
February 4, 2019ogadmin
Nine of Ohio’s eleven gambling institutions saw an increase in revenue over November of 2017. Hollywood Columbus led the way among the casinos. The $18.5 million in revenue was a 5.1% increase over November of 2017. The JACK casinos also saw revenue increases from a year ago. JACK Cleveland, $17.4 million, 2.9% increase; and ...
December 13, 2018ogadmin