Now that Ohio has opened all four of its casino resorts and all seven of its racinos, some industry experts think that its market may be saturated.
Recently it was announced that both Horseshoe brand casinos, in Cincinnati and Cleveland operated and 20 percent owned by Caesars Entertainment, will become fully owned Rock Gaming.
It has been two years since the last facility opened, which is enough for the market to have established predictable patterns, say gaming industry experts.
Ohio’s casinos operate as part of an overall region of several states. In that region overall revenue has increase, but individual properties often fail to meet projections that the made to lenders, investors and the governments that allowed them to build.
According to Dan Lee, chief executive officer of Full House Resorts, which runs a competing casino in southern Indiana, told WCPO Insider that. “When that happens, partners say, ‘I don’t think you’re managing it well.”
