Along with several other US casinos whose profits were hit in the first quarter of 2019; the Hollywood Casino Toledo has joined the club as the Ohio Casino Control Commission posted a slight drop in revenues for the first three months of 2019 for the casino.
As per the figures released, the first quarter revenue slipped 0.4 percent in the first three months. The Casino’s first-quarter revenue for the financial year ending 31 December 2018, was $50.4 million. This year the casino couldn’t cross the $50.2 million mark.
While the revenues have slipped, it is not a significant drop to make any strong projection. The Hollywood Toledo Casino is owned and operated by gaming and gambling giant Penn National Gaming.
While the Hollywood Casino revenue dropped, other casinos in Toledo, Columbus, Cleveland, and Cincinnati posted positive results. The casinos witnessed an increased revenue by 0.5 percent for the first quarter.
The four casinos have a cumulative revenue of $213.5 million in the first three months this year while the revenues for the same period last year in 2018 was $212.4 million.
It should be noted that the state commission has released these revenues and the figures are only based on the slots and table games.
Other revenue sources from different activities like sale of food and drinks and merchandise or any other revenue source have not been taken into account while compiling the results.