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Hollywood Gaming posts solid numbers for third straight month
By ROBERT CONNELLY
AUSTINTOWN
The last three monthly financial reports have been similar at Hollywood Gaming at Mahoning Valley Race Course.
The Ohio Lottery Commission, for the racinos, and the Ohio Casino Control Commission released reports for May’s numbers Monday.
In May, there were $75,596,933 credits played, $67,332,147 credits won and a net win, or revenue, of $7,791,342.
Of that net win, $5,155,336 stayed with Hollywood Gaming, $2,610,100 went to the lottery commission and $25,906 was appropriated for problem-gambling services.
Promotional credits, which had risen each month from January to April, took a step down from $553,312 in April to $473,444 in May. There was an 89.69-percent payout, the highest payout percentage since the Austintown racino opened in September.
The facility averaged 866 video-lottery terminals, which has become a consistent number in the monthly reports, and had an average win per VLT per day of $290, down from $298 in March and April.
Most of the numbers for May were the highest in one month at the racino besides October 2014, the first full month of operations.
Bob Tenenbaum, spokesman for parent company Penn National Gaming Inc., does not comment on the numbers specifically.
“I think we’re getting to the point where we’re seeing pretty consistent numbers, and we’re also seeing pretty consistently strong numbers,” Tenenbaum said.
When asked about the potential for adding machines to the gaming floor, Tenenbaum said, “It’s [an] ongoing discussion, and it’s something we’re watching really closely.”
Statewide, there were $801,106,737 credits played, the most in one month at the state’s seven racinos since racinos were allowed to open. Those credits played were paid out at a rate of 90.81 percent totaling $714,369,594 credits won with a net win of $73,637,987.
On the casino side, the Penn National-owned Hollywood Columbus and Hollywood Toledo had similar in May to April with adjusted gross casino revenue of $18,413,759 at Columbus, down about $230,000, and $16,908,050 at Toledo, also down about $230,000.
Both Horseshoe properties had a spike of about $800,000 in revenue, with Horseshoe Cincinnati going from $15,901,783 in April to $16,711,245 in May, and Horseshoe Cleveland taking in $18,289,420 in April followed by $19,016,472 last month.