Hollywood Casino in Lawrenceburg reclaims top spot in Cincinnati gaming market

Horseshoe Casino Cincinnati is a close second

CINCINNATI - Hollywood Casino in Lawrenceburg has reclaimed its top spot among local gaming rivals, as its $19.2 million in October revenue outpaced Horseshoe Casino Cincinnati by nearly $1 million.

Figures released by gaming regulators in Ohio and Indiana show the region's four casinos raked in $52.4 million in October, down 2 percent from September. Hollywood led the pack with 37 percent market share, followed by Horseshoe at 35 percent. Horseshoe generated $18.2 million in October revenue, down 8.2 percent from September.

Rising Star Casino ranked last among Cincinnati-area casinos with $5 million in October revenue, up 4.4 percent from September but down 23 percent from a year ago.

Belterra Casino and Resort posted $10 million in October revenue, up 2.8 percent from September and down 7.5 percent from a year ago.

Pinnacle Entertainment CEO Anthony Michael Sanfillippo told investors recently that the Belterra property near Vevay, Ind. has survived new competition in Cincinnati by increasing its marketing efforts in Louisville and Lexington.

"We think Belterra Resort has held up very, very well and has been operated in a manner that has really mitigated the competition in Cincinnati," Sanfillippo said in a Nov. 6 conference call with analysts. "We have been much more focused on Kentucky and those areas in Kentucky that we've marketed to. We're the only resort destination in the area."

 

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