Horseshoe Casino Cleveland Rebounds In SeptemberProperty Has Solid Month After August Was The Toughest Since It Opened |
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The Horseshoe Casino Cleveland rebounded in September, collecting $19,343,135 from customers who gambled, according to a state report released Monday. In August, the casino reported its lowest gaming revenue total since it opened in the spring of 2012.
August’s $18,912,221 also put Horseshoe Casino Cleveland behind Horseshoe Casino Cincinnati in the state rankings based on gaming revenue. The property in Southern Ohio brought in $19,798,622 from gamblers in September, putting it out in front for a second-straight month.
Horseshoe Casino Cincinnati opened in March of this year.
So far this year, Horseshoe Casino Cleveland has collected $184,608,142 from gamblers.
Despite the recent slump, the casino said business is doing fine.
“We continue to see tens of thousands of people come through our doors daily,” Marcus Glover, senior V.P. and general manager of Horseshoe Casino Cleveland, told Card Player recently, but also added that “the casino has never been positioned as a savoir to downtown Cleveland. We have always said that what the casino will add is another element or destination in the experience of the city. Before the casino, people would come downtown and not have this option. It is purely another piece of the puzzle for the downtown Cleveland experience.”
Ohio’s casino industry is still in its infancy. Right now, there are four Las Vegas-style brick-and-mortar properties in the state. In addition to the aforementioned ones in Cleveland and Cincinnati, there are Hollywood-branded facilities in Columbus and Toledo.
Through January to September of this year, the four casinos have brought in $617,808,577 worth of gaming revenue, though it was lower than expected. For comparison, the casino industry in Nevada, albeit much larger than Ohio’s, brings in around $1 billion per month.
While the casino business in Ohio is in the process of solidifying, officials have been cracking down on what they think is unauthorized gambling in the Buckeye State. Just recently there were reports of the last remaining charity poker room closing.
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