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JACK Management Buys Two Ohio Casinos from Dan Gilbert

JACK Entertainment managment now owns the company, acquiring two Ohio casinos from Dan Gilbert. ....

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Ohio's casino, racino business dips 26% in 2020; state out $165 million

Ohio’s casino, racino business dips 26% in 2020; state out $165 million
By Rich Exner - cleveland.com (TNS)
CLEVELAND, Ohio Ohio’s casino and racino industry enjoyed record performances when fully operating in 2020, but gambling revenue for the year overall was down $500 million, mainly the result of full and partial closings ordered by Gov. Mike DeWine because of coronavirus concerns.
Reports released Thursday by the state’s casino control and lottery commissions show gambling revenue totaled $1.44 billion for the year at the 11 facilities across Ohio, down 26% from a record $1.94 billion in 2019.
This is the money kept by casinos and racinos after paying out winnings. About a third of it is then forwarded to the state in the form of taxes and fees. The drop in revenue for 2020 will mean about $135 million less in these taxes and fees. ....

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COVID-19 Costs Ohio Gaming Industry $500M in Revenue

Ohio casinos and racetrack racinos saw their collective gross gaming revenue (GGR) decline $500 million last year.
Ohio casinos, including JACK Casino, seen here in Cleveland, and state racinos, reported reduced gaming income last year. But aside from their state-ordered shutdowns, 2020 was actually a good year in terms of business. (Image: JACK Cleveland)
COVID-19 led to a complete shutdown of the gaming floors from mid-March through late June on Ohio Governor Mike DeWine’s (R) orders. Since reopening, the venues have been required to adhere to strict regulations, including reduced capacity.
Ohio’s seven racinos, which only offer video gaming terminals, reported GGR of approximately $796.6 million. The four casinos said GGR from their slot machines and table games totaled $643.4 million. ....

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Ohio's casino, racino business dips 26% in 2020, a year of coronavirus disruptions; state out $165 million in taxes and fees

Ohio’s casino, racino business dips 26% in 2020, a year of coronavirus disruptions; state out $165 million in taxes and fees
Updated Jan 07, 2021;
Posted Jan 07, 2021
Ohio s casino and racino gambling revenue dipped 26% in 2020 amid partial and full closings related to coronavirus concerns.Rich Exner, cleveland.com
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CLEVELAND, Ohio - Ohio’s casino and racino industry enjoyed record performances when fully operating in 2020, but gambling revenue for the year overall was down $500 million, mainly the result of full and partial closings ordered by Gov. Mike DeWine because of coronavirus concerns.
Reports released Thursday by the state’s casino control and lottery commissions show gambling revenue totaled $1.44 billion for the year at the 11 facilities across Ohio, down 26% from a record $1.94 billion in 2019. ....

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