Penn National Gaming Inc. said visitors spent more money on food and gambling in the year’s first quarter, but higher expenses ate into the profits.
The Pennsylvania-based gaming company, which operates the Hollywood Casinos in Toledo and Columbus as well as other casinos, earned $65.3 million in the first quarter, down 17 percent from the same period last year. The company said revenues were up 8.4 percent to $798.2 million.
Penn National does not break out individual performance of its properties. However, according to the company’s monthly reports to the Ohio Casino Control Commission, Hollywood Casino Toledo has taken in $46.9 million in adjusted gross revenue from its gambling operation so far this year. That figure is the raw difference between what gamblers wagered verses what the casino paid out.
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