breaking news

Facebook hunting photos lead to wildlife charges for New Carlisle men

Ohio casino revenue dips in June


Revenues at the Horseshoe Casino Cincinnati as with other gambling venues in Ohio dipped in June compared to the previous month, new numbers released Monday show.

After clearing winning payouts, the Cincinnati casino brought in $17.6 million, about $2 million less than the previous month, according to the Ohio Casino Control Commission. The Horseshoe Cincinnati has yet to match its monthly best: the $21 million gamblers shelled out in March, the casino’s first full month in operation. But it still outperformed every casino in Ohio besides the Horseshoe Cleveland, ranking second of four.

Statewide, casino revenues dropped to $68.6 million, compared to $72.1 million in May.

Horseshoe Casino Cincinnati General Manager Kevin Kline said the dip in revenue is expected — June and September are typically two of the year’s weakest months for casinos, he said.

“June is one of those transitional months when people are starting summer and travel and ending school,” he said. “This is not a pattern that’s inconsistent with other regional feeder markets.”

Notably, the Horseshoe Cincinnati continued to make liberal use of promotional free slots compared to its Ohio competitors. The casino spent nearly $7.2 million on free slots in June, more than the casinos in Cleveland, Columbus and Toledo combined.

This is part of a campaign to attract new customers as the Cincinnati Horseshoe establishes itself to compete with casinos in Indiana, Kline said.

“We’re reinvesting back into our customers via our slot play to get them into our casino. We’re building the business,” he said.

For the first six months in 2013, casinos in Ohio made about $406 million after payouts.

Ohio’s casinos have their work cut out for them before they can meet the state’s initial lofty projections. A consultant hired by Gov. John Kasich in 2011 projected that the casinos would bring in $1.2 billion annually when fully operational, generating around $400 million for local governments and schools.

Gross casino revenue in Ohio is taxed at a 33 percent rate — most of that money is split among local governments and schools, with small cuts also going to law enforcement, gambling addiction services, and agencies that regulate casinos and horse racing in Ohio.

Like the casinos, revenue at Ohio’s two racinos — one in Cleveland, the other in Columbus — dropped from $22.5 million in May to $21.7 million in June, according to the Ohio Lottery Commission.

Racinos are also planned in the coming months for Dayton, Warren County and Mahoning County.



Reader Comments ...


Next Up in News

Journey, Def Leppard joining up for North American tour
Journey, Def Leppard joining up for North American tour

Journey and Def Leppard are joining together for a 60-date North American tour. Journey confirmed the rumors of a joint tour on its Twitter page Friday morning. >> Read more trending news  “The rumors are true! @JourneyOfficial @DefLeppard are teaming up for a 2018 North American tour kicking off May 21st in Hartford, CT,” the...
James Comey to teach ethical leadership course at College of William & Mary
James Comey to teach ethical leadership course at College of William & Mary

Former FBI Director James Comey will teach an ethical leadership course for his alma mater, Virginia’s College of William & Mary, starting in the fall, the school announced Friday. Comey, who was dismissed as director of the FBI by President Donald Trump in May 2017, was named an executive professor in education at William & Mary on Friday. School...
Gander Mountain stores to reopen under new name
Gander Mountain stores to reopen under new name

Gander Outdoors, formerly known as Gander Mountain, announced an initial list of retail stores that are scheduled to open in 2018. Camping World Holdings Inc. was chosen as the winning bidder at a bankruptcy auction for certain acquired assets of Gander Mountain and the sale was approved in a bankruptcy court hearing in May 2017. Dozens of Gander...
Man who dove off his fishing boat when motor boat crashed into his vessel files $372k lawsuit
Man who dove off his fishing boat when motor boat crashed into his vessel files $372k lawsuit

A fisherman who had to jump into the Columbia River to avoid being crushed in a boating crash has filed a lawsuit against the person who was captaining the other vessel. Clatsop County Sheriff’s Department said that the motor boat driver, Marlin Lee Larsen, 75, was sitting down while driving his boat and that he couldn’t see over the dash...
Police: Man angry over chicken dinner puts wife’s hand in hot fryer oil
Police: Man angry over chicken dinner puts wife’s hand in hot fryer oil

An Oregon man is behind bars after sheriff’s deputies said he put his wife’s hand in hot fryer oil. Jeremiah Crothers is also accused of nearly suffocating his baby son, KATU reported. Police said Crothers covered his 7-month-old son’s mouth and nose until the baby’s legs turned blue, Oregon Live reported. >>...
More Stories