Total revenue amounted to USD 212.7M

Horseshoe Casino Cleveland revenue increases 14.5%

2016-01-11
Reading time 1:23 min
A balmy December and holiday visitors likely led to healthy revenues at Ohio's racinos and casinos, according to figures released Thursday. The seven racinos and four casinos all saw revenue increases from the prior month and nearly all showed increases from December 2014. Horseshoe Casino Cleveland's USD 18.8M in December was a 14.5% increase from November, according to information released by the Ohio Casino Control Commission. But the casino's December revenue was a 11.7% decline from the USD 21.3M in December 2014.

Horseshoe Cleveland's total revenue in 2015 of $212.7 million was the highest of all casinos, spokeswoman Shannon Mortland said in an email.

"It also had the highest percentage payout (to guests) on slots of any casino in the state (92.37 percent)," she wrote. "Our guests had a very good year on the slots, including one guest who won $216,000 on a slot machine the day after Christmas."

Statewide casino revenue for December was $71.6 million, compared to $70.7 million in December 2014.

While the Cleveland casino ranked first among casinos, Hard Rock Rocksino Northfield Park, with $18.9 million in revenue, was the top revenue producer of all casinos and racinos in December. That racino provided about 26 percent of the total statewide racino revenue of $72.7 million, according to the Ohio Lottery Commission. Statewide racino revenue in December 2014 was $64.7 million.

Thistle Down Racino, which had its worst month in November since it opened in April 2013, saw an increase in revenue to $8.5 million in December. The racino is being renovated.

The state commission and lottery define revenue as the money left after casinos and racinos pay winners and deduct for promotions. Casino and racino officials have said comparing monthly revenues to the same month the previous year is a good indication of how well they are doing.

Penn National Gaming owns the Hollywood casinos in Columbus and Toledo and the racinos near Youngstown and Dayton.

Dan Gilbert's Rock Gaming owns the Horseshoe casinos in Cleveland and Cincinnati and the ThistleDown Racino.

Hard Rock Rocksino is a joint venture between Hard Rock International and Northfield Park.

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