Ohio: Gilbert to have the last laugh?

It looks like Dan Gilbert is gaining traction with his “Jack” brand (soon to be slathered over Greektown Casino in Gilbert’s native Detroit). Although Jack Cincinnati was flat ($15 million), its counterparts in Cleveland ($17 million) and at ThistleDown Racino ($10 million) were up 8% and 16%, respectively, last month. Hard Rock Rocksino continued to lead the state with $18 million (up 3%). Statewide gaming revenues were up 4% despite a 2% dip in the Penn National Gaming portfolio. Culprits were Hollywood Toledo ($15 million, -7%) and Hollywood Columbus ($17 million, -3%). Slot revenues dominated the cash count, representing 84% of revenues, and the house played lucky, raking in 6% more table game revenue on 6% less money wagered.

Eldorado Resorts‘ Scioto Downs had a good month, up 7% to $12 million, as did Miami Valley Gaming, riding a 13% increase to $11 million. Belterra Park made almost $7 million, atop a 13% surge in business. Penn’s racinos continued to do well, although Hollywood Austintown fell back toward the pack with ‘only’ $278/win/slot/day. It grossed $8 million, up 3%, while Hollywood Dayton bounced 6% up, to $7 million. True, there was one extra weekend day last month, but that doesn’t account for such healthy numbers overall — or for the anemia at Penn’s two flagship properties. Maybe Penn’s reputation for tight slot holds is finally making the rounds.