{"id":16022,"date":"2015-05-11T09:49:37","date_gmt":"2015-05-11T17:49:37","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=16022"},"modified":"2015-05-11T09:49:37","modified_gmt":"2015-05-11T17:49:37","slug":"ohio-racinos-get-a-leg-up-pro-b-ball-for-vegas","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/ohio-racinos-get-a-leg-up-pro-b-ball-for-vegas\/","title":{"rendered":"Ohio: Racinos get a leg up; Pro b-ball for Vegas?"},"content":{"rendered":"<p>Business is booming for <strong>Penn National Gaming<\/strong> in the Buckeye State. Not only are its two casinos up 5.5% from last year &#8212; 4% at <strong>Hollywood Toledo<\/strong> and 7% at former <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/05\/Columbus-exterior.jpg\"><img loading=\"lazy\" class=\"alignleft size-medium wp-image-6557\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/05\/Columbus-exterior-300x214.jpg\" alt=\"Columbus exterior\" width=\"300\" height=\"214\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/05\/Columbus-exterior-300x214.jpg 300w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/05\/Columbus-exterior-150x107.jpg 150w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/05\/Columbus-exterior.jpg 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a>underachiever <strong>Hollywood Columbus<\/strong> &#8212; but it <a href=\"http:\/\/www.cleveland.com\/casino\/index.ssf\/2015\/05\/horseshoe_casino_revenue_slips.html\" target=\"_blank\" class=\"broken_link\">continues to get impressive per-slot bang for its bucks<\/a> at its racinos. By contrast, <strong>Dan Gilbert<\/strong>&#8216;s two Horseshoe-branded casinos are slumping (-5%), with <strong>Horseshoe Cleveland<\/strong> falling behind <strong>Hollywood Columbus<\/strong> for the highest gross in the state. <strong>Hard Rock Rocksino<\/strong> (+18%), meanwhile, has zoomed past Gilbert&#8217;s\u00a0<strong>ThistleDown Racino<\/strong> (down 8%) and into third place. (Is it mere coincidence that <!--more-->regional casinos owned or managed by <strong>Caesars Entertainment<\/strong> have seen a worsening of their financial performance since the company entered bankruptcy?) The only blemish in <strong>Hollywood Columbus<\/strong>&#8216; performance was that <strong>Eldorado Resorts<\/strong>&#8216; <strong>Scioto Downs<\/strong> (up 8%) beat it on a per-slot basis, <a href=\"http:\/\/www.bizjournals.com\/columbus\/blog\/2015\/05\/ohio-s-racinos-pull-ahead-of-casinos-for-gaming.html\" target=\"_blank\" class=\"broken_link\">thanks in large part to tighter hold<\/a>.<\/p>\n<p>Since they outnumber casinos seven to four (but don&#8217;t offer table games), it&#8217;s no surprise <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/05\/Belterra-Park.jpg\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-16023\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/05\/Belterra-Park.jpg\" alt=\"Belterra Park\" width=\"216\" height=\"125\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/05\/Belterra-Park.jpg 216w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/05\/Belterra-Park-150x86.jpg 150w\" sizes=\"(max-width: 216px) 100vw, 216px\" \/><\/a>that Ohio racinos have a bigger aggregate gross than the casinos do, even if the latter have been in the market longer. Not to be forgotten, <strong>Pinnacle Entertainment<\/strong>&#8216;s <strong>Belterra Park<\/strong> &#8212; a terrible underachiever at first &#8212; continues to nudge upward, averaging $141\/slot\/day, $200 being the industry average, a number that most Ohio gambling houses exceed. An apples-to-apples comparison shows Ohio gaming revenues to be up 3% from last year, continuing to prove that, as in <strong>Maryland<\/strong>, the industry has found a regional market that isn&#8217;t sated.<\/p>\n<p>* Since the <strong>NBA<\/strong> and <strong>Las Vegas<\/strong> are like matter and anti-matter, a <strong>California<\/strong> group <a href=\"http:\/\/collegebasketballtalk.nbcsports.com\/2015\/05\/11\/las-vegas-to-launch-pro-team-as-alternative-to-one-and-done-year-in-college\/\" target=\"_blank\">is trying a different means<\/a> of bringing professional roundball to Sin City. They&#8217;re proposing a league for &#8220;one and done&#8221; players who would otherwise be using college a mere stepping stone to the big leagues. However, as the plan is contingent on importing 35 European teams to compete against the &#8220;Las Vegas Dealers&#8221; and sending the latter on a road trip across the Atlantic for 15 games, the concept isn&#8217;t one that will have Vegas sports books scrambling to post betting lines on the Dealers.<\/p>\n<p>* <strong>Thrilllist.com<\/strong> is obsessed with Las Vegas to an extent that suggests too much time spent watching every Vegas-related show on TV. For their gambling expert, however, the site has found <a href=\"http:\/\/www.thrillist.com\/travel\/nation\/casino-etiquette-worst-decisions-you-can-make-in-a-casino\" target=\"_blank\">the only living person<\/a> who still plays at <strong>Caesars Windsor<\/strong>.<\/p>\n<p>* Add <strong>Portugal<\/strong> to the list of nations that <a href=\"http:\/\/ggbnews.com\/issue\/vol-13-no-19-may-11-2015\/article\/portugal-legalizes-online-gambling\" target=\"_blank\" class=\"broken_link\">have legalized<\/a> regulated <strong>Internet<\/strong> gambling, even as U.S. lawmakers continue to bury their heads in the sand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business is booming for Penn National Gaming in the Buckeye State. Not only are its two casinos up 5.5% from last year &#8212; 4% at Hollywood Toledo and 7% at former underachiever Hollywood Columbus &#8212; but it continues to get &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/ohio-racinos-get-a-leg-up-pro-b-ball-for-vegas\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[154,165,7,22,37,72,71,69,30,111,74],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16022"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=16022"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16022\/revisions"}],"predecessor-version":[{"id":16024,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16022\/revisions\/16024"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=16022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=16022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=16022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}