In the first full month of operation after reopening on June 19, 2020, July was a good month for the four casinos and seven racinos in Ohio.
According to the Ohio Casino Control Commission, the total of $ 86,047,151 for the state casinos was a 22 percent increase from $ 70,361,639 in gaming revenue from the same period last year, while Racino revenue was for fiscal 2021 (July ) $ 95,020,535 versus $ 91,865,116 for fiscal year 2020 (July), according to the Ohio Lottery Commission.
“It was a record for Toledo, the largest monthly income of all time and the largest income of any real estate in Ohio since 2012. ”
Gaming and Leisure Properties’ Hollywood Casino Toledo led the field, surpassing the Midwestern state’s record in July 2020 total of $ 33,316,109beating its highest ever total of $ 20,444,071 for June 2012 and almost doubled The $ 16,801,816 was for the same period last year. Food or beverage sales are not included in the figure, only game revenue.
Last month’s balance sheet was supposed to be the highest monthly total for any of Buckeye State’s four casinoswhich were approved by a majority of Ohioans who were eligible to vote in November 2009, including one each that opened in Cleveland, Toledo, and Columbus in 2012, and a fourth in Cincinnati in early 2013.
Before last month’s record, Horseshoe Cleveland Casino, now Jack Cleveland Casino, set the highest sum ever, $ 26,115,771, in June 2012.
The state’s first full-service casino, Horseshoe, opened on May 14, 2012 and renamed Jack Cleveland Casino in May 2016, chaired by Dan Gilbert Rock Gaming LLC announced that the new company name JACK Entertainment has taken over the management of the downtown casino. In October 2019, the newly named company announced a $ 843 million sale / leaseback deal with NYC-based real estate investment trust (REIT) VICI Properties for its Cleveland Casino and suburb of Thistledown Racino.
The venue operated by Penn National Gaming [Hollywood Casino Toledo] wasn’t the only casino in Ohio to be on top in July after closing on March 14, 2020 to meet requirements an order from Governor Mike DeWine Excludes gatherings of over 100 people due to COVID-19. According to the Ohio Casino Control Commission spokesman Jessica FranksAccording to the Toledo Blade newspaper, state officials believe the record numbers posted by the Toledo Casino in July were significantly influenced by players outside of the state.
“It will be interesting to see what happens now that the Detroit casinos reopen. ”
In neighboring Michigan there are only the three commercial casinos of the state of Detroit, the Greektown Casino Hotel, the MotorCity Casino Hotel and MGM Grand Detroit started reopening on August 5th closed after 4 1/2 months due to the coronavirus pandemic. Both MotorCity and Greektown opened last Wednesday, while MGM Grand opened for VIP customers by invitation only on Wednesday and Thursday, followed on Friday for the general public.
Distance is important::
And while residents of Wolverine State have many other ways to play with them 26 tribal casinosNone of them are as close to Detroit as Hollywood Casino Toledo. The Firekeepers Casino Hotel in Battle Creek is owned and operated by Huron Potawatomi’s Nottawaseppi Band Almost twice as far, about 112 miles away.
Franks allegedly said …
“As far as we can tell, Detroit’s three casinos will be closed until last week. And with the proximity of the Toledo Casino to the Detroit areaWe believe a lot of these people in Detroit came to Toledo to play. “
“It will be interesting to see what happens now that the Detroit casinos reopen. We are excited to see what happens next month, ”she added.
“But it was a record for Toledo, the largest monthly revenue ever and the largest revenue of any real estate in Ohio since 2012,” said Ms. Franks, adding that Toledo Casino grossed $ 33 million despite a reduced number of slot machines and the closure of his poker room Comply with health guidelines.
“The fact that, despite all these restrictions, their earnings were what they were for the month made it very interesting. And it will be even more interesting to see what they do next month when the situation changes in Detroit, ”she added.
Further figures for July 2020 were as follows::
- At $ 18,112,037, Jack Cleveland Casino rose from $ 17,146,199 in July 2019
- Hollywood Casino Columbus revenue was $ 18,098,935 compared to $ 18,939,319 for the same period last year
- Hard Rock Cincinnati Casino’s revenue of $ 16,520,070 was down to $ 17,474,305 year over year.
Ohio Sports Betting::
In related news, Ohio’s untapped sports betting market appears to be still on hold after the legislation that the Ohio House cleared in May awaits possible Senate action. The modified version of HB 194 however, would allow nationwide mobile and retail betting, but the ongoing issuance of Who will be the regulator must be solved first.
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