The drop came in a month that had only four Fridays and Saturdays — the most popular days for gambling — but Hollywood Gaming still beat its November 2014 revenue by almost $500,000, due in part to mild weather.
Miami Valley Gaming near Monroe reported similar results. Its November net winnings were nearly $9.8 million — down from October but up nearly $1 million from the previous November.
Nearly all of Ohio’s 11 casinos and racinos slipped in November. Only two casinos — the Horseshoe Cincinnati and Hollywood Columbus — reported month-over-month gains.
The Horseshoe Cincinnati had $16.5 million in adjusted gross revenue while the Hollywood Columbus finished with $17.3 million, tops in the state.
“Horseshoe Cincinnati had a great month of November with many popular promotions that resonated well with our guests,” a casino spokesperson said in a statement. “The Ultimate Jackpot 3 promotion, where we gave away a car as the top prize, brought in extra visits to the casino and had guests looking forward to the finale.
“Additionally, a new Poker Room Royal Flush bonus payout promotion, which started in November, has increased traffic to our Poker Room.”
The Cincinnati casino has begun an operational transition from Caesars Entertainment to Detroit-based Rock Gaming. That handoff — which will include a name change and new loyalty program for the downtown casino — is expected to be completed by mid-2016.
Rock Gaming earlier this year announced that it had entered into an agreement with Caesars that will result in 100 percent ownership of the Cincinnati and Cleveland casinos, among other properties. Rock Gaming also owns Turfway Park, a thoroughbred racetrack in northern Kentucky.
“Our top priority is making this transition a seamless experience for our more than 3,600 new team members and millions of guests,” Rock Gaming CEO Matt Cullen said in a news release. “Our guests will still receive the same high level of commitment and service they have come to expect.
“We view this as an opportunity to leverage our unique culture and vast network of companies to grow the business and further connect the casinos to the downtown areas where they reside.”
Ohio’s seven racinos reported combined net winnings of $65.6 million while the four casinos took in $64.6 million. The nearly 8,000 slot machines in the casinos had a slightly better payout percentage than the machines in the racinos.
The racinos’ total revenue was $5.2 million higher than in November 2014. The casinos also posted year-over-year improvement, from $62.8 million to $64.6 million.
About the Author