Revenues at Ohio casinos level off

Dec 10, 2012 9:48 AM

Time marches on for the Ohio casinos whose openings earlier this year had potential customers panting for action.

But after some six months of operation, gambling revenues for casino in Cleveland and Toledo appear to be leveling off, according to a report of the Ohio Casino Control Commission.

The Commission said the Horseshoe Casino in Cleveland, which is operated by Caesars Entertainment Corporation (CZR), saw its November revenues slip slightly to $20.4 million while the Hollywood Casino in Toledo, a property owned and operated by Penn National Gaming Inc. (PENN), experienced a decline of 8 percent to $13.6 million.

For its first full month of operation, the Hollywood Casino in Columbus took in $20 million in November.

According to gaming officials, the revenue number has dropped every month since the first two properties opened in the spring.

Still to open is a licensed casino in Cincinnati.

The Caesars’ casinos are owned in partnership with the local company, Rock Ohio.

Contact us at [email protected].

 GamingToday on Facebook      and         GamingToday on Twitter