Jack Cleveland Casino leads monthly results

Ohio casinos post “positive”July numbers

According to the Ohio Casino Control Commission, the four gaming facilities collected USD 482.2M, up from USD 480.2M over the same period last year. All statewide casinos reported higher year-over-year revenue.
2017-08-08
Reading time 55 seg
According to the Ohio Casino Control Commission, the four gaming facilities collected USD 482.2M, up from USD 480.2M over the same period last year. All statewide casinos reported higher year-over-year revenue.

The Jack Casino Cincinnati reported an 8 percent increase to $16.7 million. The Hollywood Casino Toledo saw revenues jump 7 percent for the month to $17.6 million. The Hollywood Casino Columbus was up less than 1 percent but led the four with revenues of $18.7 million.

All together, that represents an increase of nearly 6 percent for the month.

The strong July was enough to put total statewide gaming revenues ahead of last year’s pace through the first seven months of 2017, a noteworthy milestone given that revenues had languished through most of last year and the first few months of this year.

With July’s 6 percent increase, revenues at Toledo’s casino were up ever so slightly year-to-date to $117.7 million. They were $117.5 at this point last year.

The statewide increase of 5.7 percent in July actually outpaced the 5.6 percent increase from the state’s seven racinos, which pair horse racing with video slots. Those properties have been growing consistently more than the state’s full-service casinos — a trend many gaming experts were watching with a keen eye to the question of whether there was enough business for both types of venues to grow.

 

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