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JACK Entertainment gets space for new headquarters
JACK Entertainment gets space for new headquarters
Stan Bullard
Jack Entertainment has agreed to lease two of the Terminal Tower s suites for the company s new headquarters.
Terminal Tower, the home of corporate headquarters in its heyday but now mixed use, will gain a new headquarters operation as gaming operator JACK Entertainment sets up its corporate shop in the landmark building.
JACK and K&D Group, the building s Willoughby-based owner, announced Thursday, May 27, that the Cleveland casino and video lottery operator had leased a total of two floors in the tower. One of those floors, the 16th, had served as K&D s downtown operations office, and the 17th floor is being fully renovated for the gambling company.
Staff report
WARREN Free of curfew restrictions and permitted to open poker rooms in mid-March, Ohio’s four casinos posted record revenue last month, according to the latest data from the Ohio Casino Control Commission.
Revenue in March eclipsed $91.6 million, about 35 percent more than revenue reported for February and nearly 200 percent more than March 2020, when casinos closed halfway through the month due to the outbreak.
Table revenue was $23.6 million, up 28 percent from February and slot revenue was $68 million, up 38 percent for the month.
In comparison, in the pandemic-shortened March 2020, table revenue was $9.8 million and slot, $20.9 million.
Multiple factors for the tremendous increases were likely in play March was the first full month casinos were not operating under a state-imposed curfew, limited capacity poker rooms reopened and other entertainment options such as movie theaters and concert venues either remain closed or are still operating at reduced cap
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WARREN Ohio’s four casinos combined lost nearly a quarter of their revenue in 2020 compared to the previous year, revealing the tremendous impact the viral outbreak had on the state’s gaming industry.
The latest report from the Ohio Casino Control Commission shows 2020 revenue was $643.3 million, down 24.3 percent from 2019, when the casinos brought in $850.9 million.
The pandemic that struck in March caused the casinos Jack Cleveland Casino, Hard Rock Cincinnati Casino, Hollywood Toledo Casino and Hollywood Columbus Casino to close March 13 to June 18. The first full month they were open in the summer, July, the casinos set an all-time revenue record of $86 million.