Casino rivals waging a market share war in Cincinnati as Hollywood loses ground to rivals

Tri-State gambling market grew 6 percent in April

CINCINNATI - The four casinos operating closest to Cincinnati generated $59.8 million in revenue last month, a 6 percent increase over the April numbers posted by just the three Indiana casinos last year.

It’s the second straight month of growth in the Tri-State's gambling market. In March, the opening month of Horseshoe Casino Cincinnati, total revenue was $68.6 million, a 15 percent increase compared to one year ago.

While the total pie has grown, individual market-share slices are shrinking for all casino rivals, according to new figures from casino regulators in Ohio and Indiana.

Still with the most market share is Hollywood Casino in Lawrenceburg, Ind. It generated $23.4 million in adjusted gross revenue in April, down 19 percent from March and 34 percent from a year ago.

Horseshoe Cincinnati posted $17.8 million in revenue, down 15 percent from its opening month.

Belterra Casino in Vevay, Ind., generated $12.7 million in April revenue, up 6 percent from March but down 3 percent from a year ago.

Rising Star Casino in Rising Sun, Ind., notched $5.9 million for the month, down 13 percent from March and 24 percent from a year ago.

The April numbers indicate Hollywood has lost the most market share since a year ago, falling from 63 percent of total gambling revenue to 39 percent. Horseshoe is now in second place with 30 percent of the market, down from 31 percent in March. Third-ranked Belterra has a 21 percent share, down from 23 percent a year ago. Rising Star remains at 10 percent, down from 14 percent April.

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