Ohio’s four casino resorts saw revenues fall about 10 percent this year from last year in October.
Ohio’s Horseshoe Casino Cincinnati last suffered its lowest revenues since it opened. Its revenues were below $14 million, 23 percent lower than the same period a year ago.
Cleveland’s Horseshoe Casino also saw a decline of $2 million from the previous year, despite the addition of a $4 million sports bar with electronic table games. In October it brought in $16.76 it, slightly more than the previous month, but lower than a year ago, when it grossed $19.5 million.
The Hollywood Casino Columbus did the best of the four with $17.45 million in October, compared to $15.8 million the month before and $17.7 million the year before.
The Hollywood Toledo raked in $1.53 million for the month compared to 14.5 million in September and $14.7 million the year before.
The state’s four casino resorts grossed $63.9 million, 10 percent less than the $70 million they brought in a year ago.
The figures come from figures released by Ohio’s gaming regulators.
The state’s seven racinos brought in $66.2 million in October, compared to $60.6 million the month before. October is the first month that all seven racinos have been in operation.
Revenues for the Hard Rock Rocksino Northfield Park were $15.4 million in October, $14.6 million in September and $16.6 million in August.
The Thistledown Racino brought in $9.99 million for October, compared to $9.5 million the month before and $12.8 million a year ago.
For its first month of operation Hollywood Gaming Mahoning Valley Race Course was strong out the gate with $8.6 million in October.
Regional gaming figures show somewhat the same trend.
The Hollywood Casino in Lawrenceburg, Indiana, was $14.1 million, despite being leader for the Tri-State area, was down 26 percent from 2013. This marked the first time that the Indiana casino racked in higher revenues than its rival. It also grabbed the largest market share, 25.7 percent, compared to 25.4 percent for the Horseshoe.
There are six casinos in the Tri-State area and they are competing hotly for customers. The Horseshoe recently added a smokers’ lounge, and the Hollywood just opened an event center. Indiana is discussing allowing its riverboat casinos to come ashore and increase their size.
The six casinos, which also include Miami Valley Gaming, Belterra Casino and Resort, Belterra Park, and Rising Star Casino in total have seen revenue go up 5 percent.
