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
Six states started sports betting in 2018. Revenues fell short of projections in four of the states. Several reasons why. Among them - slower than expected rollout, lack of online betting and even the Super Bowl. Rhode Island projected monthly revenues of $1 million. The reality – about $50,000 a month. ...
June 21, 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
A Dayton Daily News investigation has compared 2009 campaign promises with today’s reality. Among its findings: Casino advocates predicted annual revenues of $1.9 billion before taxes. That figure was adjusted to $1.4 billion after VLT’s were allowed at seven Ohio horse racing tracks. In 2017 (latest year for the investigation), ...
February 7, 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
Ohio’s four casinos saw revenues dip slightly (0.9%) in September, 2018, compared to September, 2017. Meanwhile, the state’s seven racinos experienced an 8.1% increase in revenues over September, 2017. Hollywood Columbus again led the casinos in total revenues with $17.4 million, a 1% decline over September of last year. Jack Cleveland had revenues ...
October 18, 2018ogadmin
Ohio’s four casinos generated $69.7 million in July, down slightly from last year’s July total of $69.9 million. Hollywood Columbus led the way. $19.4 million in revenues was 4% higher than a year ago. Jack Cincinnati checked in with revenues of $17.1 million, a 3% increase. Hollywood Toledo’s $17.2 million was ...
September 6, 2018ogadmin