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Monday, January 14, 2013

Indiana casinos felt Ohio competition | Cincinnati.com | cincinnati.com

Indiana casinos felt Ohio competition | Cincinnati.com | cincinnati.com


Indiana casinos felt Ohio competition

8:23 AM, Jan 9, 2013   |  
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Of the casinos in southeastern Indiana, Hollywood Casino was the most affected by new competition in Ohio. / Enquirer file photo

Hiring almost done at Horseshoe

Horseshoe Casino Cincinnati expects to finish the hiring of hundreds of full-time workers by week’s end, less than two months before opening day March 4.

A job fair Tuesday at Xavier University’s Cintas Center was closed to reporters but expected to attract hundreds of applicants for more than 100 cocktail server and hostess positions.

The casino also is training 750 for dealer and table supervisor positions.

Meanwhile, casino officials say they have expect by week’s end to have filled most of the 400 jobs in guest service, administrative, finance and security positions.
Also by the end of the week, the casino expects to have hired more than 400 for the 450 food and beverage positions.

Source: Rock Gaming and Caesars Entertainment Corp.
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New casino competition in Ohio is exacting a costly toll on the gambling action at three riverboat casinos in southeast Indiana.
Casino revenues there were down 6.4 percent to $632.1 million in 2012 compared to 2011, while visits dropped 10 percent, according to data released Tuesday by the Indiana Gaming Commission.
Casinos in Lawrenceburg, Rising Sun and Vevay lost $40 million in revenue and nearly 700,000 visitors as competition escalated in Ohio in the latter half of the year. Statewide, Indiana casinos collected $2.6 billion in gambling revenue, or 3.9 percent less than in 2011. Visits dropped 3.9 percent to 24 million.
Hardest hit was the region’s dominant gambling destination: Hollywood Casino Lawrenceburg. Gambling revenue there dropped 9.4 percent to $395.4 million, and visits fell 13.9 percent to 3.3 million last year. Revenues and attendance dropped by double-digit percentages in the last four months of 2012.
Also hurt was Rising Star Casino & Resort, where 2012 revenues slid 5.4 percent to $88.3 million and attendance dipped 6.9 percent to 1.2 million visits.
Least impacted was Belterra Casino Resort & Spa, the casino farthest from Ohio. Visits dropped 3.7 percent to 1.6 million, while gambing revenue notched up 1.7 percent increase to hit $148.5 million.
The numbers come a day after Ohio agencies reported that state’s three new casinos and one racino raked in $429.8 million in gambling revenue during 2012 – netting taxpayers roughly $142 million.
The windfall comes during the first year of casino-style gambling in Ohio. The Horseshoe Casino Cleveland opened May 14, the Hollywood Casino Toledo opened May 29 and Hollywood Casino Columbus opened Oct. 8. Also, Scioto Downs in Columbus opened a video slots operation to become a “racino” on June 1.
Revenue reports were issued Monday in separate reports by Ohio’s Casino Control Commission and Lottery Commission.

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