Ohio Casino Revenues Fall 6% To $66.3m In August

Ohio Casino Revenues Fall 6% To $66.3m In AugustThe Ohio Casino Control Commission has just released the state’s latest financial results for August, revealing a 6% fall in revenues to $66.3 million, compared to the same month in 2014. Furthermore, August proved to be Ohio’s second worst month of the year so far. Helping to explain the disappointing results was the nice weather, which drew gamblers away from the state’s four casinos towards more outdoor pursuits.
In August, leading The Buckeye State in terms of growth was the Horseshoe Casino Cincinnati (photo) which saw a 6% increase in revenues to $17.3 million. That total included $5.9 million from the venues 122 table games, and a further $11.4 million from its 1,954 slot machines.
Also posting an improvement in business was the Hollywood Casino Toledo, which saw a slight 2% increase in revenues to $16.2 million, including $2.8 million from its 79 table games, and $13.5 million from its 2,050 slots. Commenting on its results, the casino’s spokesman, Bob Tenenbaum, said:
“We’ve been having a series of really solid months. To us, it continues to indicate a positive trend. Our job is to keep doing what we’re doing and to keep tweaking the product based on what our customers are telling us and it seems to be working.”
On the other side of the coin, Horseshoe Casino Cleveland reported a sharp 17% fall in revenues to $17.1 million, with its 125 table games generating $7.4 million, and its 1,652 slots an additional $9.7 million.
Also noting a contraction in growth was the Hollywood Casino Columbus, whose $15.7 million in revenues was 13% down on the same month last year. The total includes $3.9 million from the casino’s 114 table games, and $11.8 million from its 2,228 slot machines.
This year, Ohio’s four casinos have now produced over $545 million in revenue, of which around one-third is collected in taxes and funneled towards the state’s various counties, school districts and and other entities.
Finally, Ohio’s racino operations contributed a further $71.8 million in revenues in August, 1.8% lower than the $73.1 million collected in July, with only Hard Rock and Belterra Park reporting an uptick in revenues.

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