Market grew 1.9 percent

Cincinnati gaming revenues reach USD 665M in 2014

2015-01-12
Reading time 58 seg
(US).- Cincinnati's gambling market grew 1.9 percent to USD 664.7 M in 2014, with two new racinos intensifying an already competitive market. With seven racinos operating by the end of 2014, Ohio's gambling market surged 36.2 percent to USD 1.5 billion.

The Horseshoe Casino Cincinnati generated US$ 197.6 million in gambling revenue last year – making it the region's No. 1 gambling destination. Having opened in March 2013, the Downtown Casino itself has been impacted by new racino competition.

Hollywood Casino Lawrenceburg, formerly the region's dominant casino, slipped to No. 2 with US$ 185.8 million in gambling dollars. For years, the venue controlled two-thirds of the gambling market. In 2014, it only nabbed 27 percent. The casino's revenue were down 31.9 percent for the year.

Miami Valley Gaming in Turtlecreek Township, open since December 2013, became the region's No. 3 gambling venue after raking in US$ 119.6 million.

Belterra Casino Resort in Florence saw gambling revenue drop 13.8 percent to US$ 102.7 million last year. Its sister property, Belterra Park Gaming & Entertainment Center in Anderson Township, brought in US$ 35.7 million during its first eight months of operation.

Rising Star Casino Resort saw annual gambling revenue drop 26.3 percent to US$ 47.3 million last year. The Rising Sun casino's parent company has hired a new CEO in December following a revolt by shareholders. Hollywood Gaming at Dayton Raceway, which opened in August, drew US$ 27.8 million in gambling dollars during its first four-plus months of operations.

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