Horseshoe Cleveland regains top spot among Ohio casinos in October, ThistleDown continues to grow
John Kosich, newsnet5.com
2:55 PM, Nov 7, 2013
5:54 PM, Nov 7, 2013
CLEVELAND - The Horseshoe Casino Cleveland posted a slight increase in overall revenue in October compared to September, up $200,000 or around 1 percent to $19.5 million after all bets were paid.
Numbers were down from Oct. 2012 though by $1.3 million or 6 percent.
Table games were up 4 percent compared to September, bringing in $8.5 million, their second highest monthly total since opening. Slots though continued their downward slide bringing in $10.9 million, off 1.2 percent from September.
That September slots total was the lowest monthly total since the casino opened and off $2.1 million or 16 percent from October of last year.
Horseshoe's loss though has been sister property ThistleDown Racino's gain. The North Randall track continued its streak of record-breaking months in October with its VLTs bringing in nearly $12.9 million in revenue after all bets were paid.
That's up $1 million or 9 percent over September. Combined, ThistleDown and Horseshoe Cleveland brought in a new record $23.8 million in slots/VLT play as the market continues to slowly expand.
Most impressive though is the amount of money ThistleDown continues to make on a daily basis per machine, breaking September's record of $345 per day per machine by bringing in $361 in October.
That number not only higher than any other casino or racino in Ohio or Pennsylvania but no other property brought in over $300 per day per machine.
Horseshoe Cleveland's daily machine take was $193 by comparison.
Three of the state's four casinos posted revenue gains in October over September with only Horseshoe Cincinnati down $1.6 million to $18.1 million, enough to put Horseshoe Cleveland once again in the position of the state's top earning casino.
Horseshoe and ThistleDown players enjoyed nearly equal slots odds in October with Horseshoe players winning back 92.67 percent of every $1 wagered, ThistleDown was 91.75 percent.