You won’t believe this! Four Ohio casinos’ revenue drops dramatically

Ohio Casino

The Ohio Casino Control Commission said on Tuesday that the state’s four casinos generated revenue of $63.5 million in June, down 0.2% as compared to the $63.6 million posted for the same month in 2014. However, June revenue at Ohio’s seven racinos increased 38% year-on-year to $67.4 million.

Penn National Gaming Inc.’s Hollywood Casino Toledo, showed a significant increase for the month. Revenues in June were $16.6 million, a rise of 7.8 percent compared to the same month last year. For June, the said casino was the highest grossing location with $16.6 million, the state said.

Meanwhile, revenue at Hollywood Casino Columbus totaled $16.4 million last month. It increased 3.3% as compared to what was reported this time last year. The casino featured 114 table games and revenue of $4.7 million was generated from those. In addition, the property also offered 2,234 slot machines. Revenue from those amounted to $11.7 million.

The state said that the two Horseshoe-branded casinos’, which are owned by Rock Ohio Caesars, revenue totals were mixed. In Cincinnati, however, casino revenues were up by 5.4 percent in June.

On the other hand, Horseshoe Casino Cleveland was the only Ohio-located casino to post a drop in its revenue. It decreased 15.5% year-on-year to $14.4 million.

In contrast, Horseshoe Casino Cincinnati posted overall gaming revenue of $16.1 million. It rose 5.4% year-on-year, compared to the $15.3 million reported in June 2014. The property ran 122 table games and 1,951 slot machines in June. The first gaming options generated revenue of $5.3 million, while the latter generated $10.8 million.

In general, there were a total of 437 table games offered at the state’s four casinos last month. Those generated $17.2 million. Last June, 432 table games were featured and revenue of $20.6 million was reported. As for the slot machines, there were 7,883 of them at the four gambling venues. Revenue from them totaled $46.3 million.

The state’s casinos posted revenue of $409.2 million for the first half of this calendar year. In comparison, the amount of $409.9 million was generated in the same period a year ago.

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