You could say that Oaklawn Casino is like a golden egg.
Owned by Oaklawn Jockey Club, the casino has been a staple in the Arkansas gambling industry for over a century.
From its profits to its amenities, the casino is a major source of revenue for the state and its current owner.
Let’s take a closer look at who owns Oaklawn Casino and how it continues to thrive.
- Oaklawn Casino has had multiple owners since its establishment in 1904, with the current owner acquiring the casino in 2019.
- The current owner has invested millions of dollars into the facility for expansion and improvements.
- Oaklawn Casino generates an estimated annual revenue of around $200 million and pays nearly $20 million in taxes to the state of Arkansas.
- The casino provides employment opportunities, with approximately 1,200 people directly employed in the casino and creating job opportunities in the surrounding areas.
Current Owner: Profits
You may be interested to learn that Oaklawn Casino has gone through a number of different owners over the years. Taking a look at the historical ownership timeline can give a better understanding of how the ownership of the casino has changed.
Let’s explore the timeline and gain a better understanding of who owns Oaklawn Casino now and who has owned it in the past.
Historical Ownership Timeline
You may be surprised to learn that Oaklawn Casino has had a long and varied history of ownership over the years. From the initial land acquisition in 1904 to the current expansion plans, the Casino has seen multiple owners since inception.
The original owners, a group of local businessmen, bought the land in 1904 and began developing the facility as a horse racetrack.
In 1933, a new owner took over the facility and made it a legal racetrack, which was then approved by the Arkansas State Racing Commission.
In 2006, the Casino was sold to a new owner and the Casino began to offer gaming and other entertainment options.
Finally, in 2019, Oaklawn Gaming and Racing was purchased by a new owner, who has continued to make improvements to the facility.
The current owner has invested millions of dollars into the Casino, with plans to expand the facility, increase its entertainment options, and add more jobs to the Hot Springs area.
With a long and varied history of ownership, Oaklawn Casino is sure to remain a staple in the Hot Springs community for many years to come.
Amenities of Casino
If you’re looking for a great place to have some fun and experience the thrill of gaming, then Oaklawn Casino is the place for you!
It offers a variety of games, including blackjack, slots, and poker.
There are also plenty of delicious dining options to choose from, so you can fuel up for an exciting night out.
To top it off, Oaklawn Casino also features an impressive lineup of entertainment venues, so you can make the most of your visit.
Oaklawn Casino offers traditional casino games such as slots, blackjack, and roulette, as well as more unique games like high card flush. You can also try your hand at card counting and other strategies. Plus, you can play responsibly with the casino’s responsible gambling policies.
There are lots of exciting games to choose from, including:
- Slots – featuring a variety of themes and payouts.
- Blackjack – the classic game of draw and beat the dealer.
- Roulette – spin the wheel and watch the ball land on your lucky number.
- High Card Flush – a unique game combining poker and blackjack.
No matter what game you choose, you’re sure to have a great time at Oaklawn Casino.
At Oaklawn Casino, you’ll find an array of dining options to suit any appetite. The casino is owned by Oaklawn Jockey Club, and they’ve spared no expense when it comes to good eats. From famous chefs to customer loyalty programs, you can find something to satisfy your cravings.
The well-known chefs have crafted a variety of innovative menus, offering everything from classic dishes to modern favorites. There are five unique restaurants to choose from, each offering a different experience. For a more casual experience, you can also enjoy the buffet featuring a wide selection of cuisines.
With so many options, you’re sure to find something to please every taste. Plus, you can take advantage of their customer loyalty program to receive exclusive discounts and offers. Whether you’re looking for a quick snack or a full-fledged meal, Oaklawn Casino has you covered.
Enjoy a night of entertainment at Oaklawn Casino, where you can experience a wide variety of shows and events. Great customer experience and event planning is a priority, making it one of the top entertainment venues in the area.
Here’s what you can expect:
- Live music
- Comedy shows
- Special events
- Karaoke nights
You’ll be able to find something to do no matter the day of the week. There are always exciting events happening at Oaklawn Casino that you can take part in. Whether you’re interested in live music, comedy shows, special events, or karaoke nights, you’re sure to have a good time.
Current Revenues & Taxes
You’re contributing to the state of Arkansas when you gamble at Oaklawn — the casino’s current revenues and taxes are a big part of the state’s budget. Oaklawn’s annual revenue is estimated to be around $200 million, with taxes to the state making up nearly $20 million. This money is used to support local communities and provide essential services. As well as providing revenue, Oaklawn also offers employment and job opportunities. It is estimated that around 1,200 people are employed in the casino, with many more employed in the surrounding areas.
|Loss of revenue
|Potential economic decline
Oaklawn’s current revenues and taxes are beneficial to the state of Arkansas, however there can be some drawbacks. Discounts and job opportunities are great benefits, however the tax burden can be heavy for the state. Also, while revenue is generated from Oaklawn, there could be a loss of revenue if it were to close or if fewer people chose to gamble. Furthermore, there is potential for economic decline in the area if Oaklawn’s revenue and taxes were to decrease.