Your Source For Michigan Gaming News

Since 1997, the Michigan Gaming website has been a comprehensive resource regarding gaming in the state of Michigan. This site is an RMC Ventures, LLC publication, with contributions by the original creators of the site, Attorney David Waddell and Gaming Analyst Robert Russell, and additional contributions by Attorney J.J. Burchman.

Mr. Waddell and Mr. Russell are also associated with Regulatory Management Counselors, P.C., which proactively assists clients in managing regulatory issues in an effort to maximize company profits and avoid legal problems.

The Ohio Casino Control Commission released October revenue figures, and Ohio’s casinos experienced a nearly 1 percent drop in revenue in October, although Jack Casino in Cleveland experienced a small increase.

At Hollywood Casino Toledo, revenues were down almost 1% at $16.1 million. Hollywood Casino Columbus revenues were down almost 3% at $17.8 million.  Penn National Gaming owns both casinos. While Jack Entertainment’s Jack Cincinnati Casino’s revenue was down .2% to $15.7 million, Jack Entertainment’s Cleveland Casino experienced a revenue increase of 1% to $16.9 million.

Overall, total revenue was down from $67.1 million in September to $66.5 million in October.  Despite the decrease, revenue for the year through October is up nearly 2% at $682.5 million as compared to $669.4 million last year. The revenue generated at the casinos still outpaced the seven racinos in Ohio, with October revenue down 1.4% in October.  The racinos year-to-date revenue, however, has outpaced the casinos revenue, increasing 7% to $802 million as compared to 2016 revenue through October of $750.2 million.

 

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