(Cincinnati) -- The first year numbers are lower than projected, but Horseshoe Casino General Manager Kevin Kline says they've definitely had a positive impact on Cncinnati.

Kline says the company hired more than 1,700 people directly, and the casino created 250 other positions, through its independent restaurants and through third-party vendors.  He says they have a payroll of nearly $53 million after the initial $450 million investment.  The Casino has paid nearly $8 million in taxes to the City of Cincinnati, almost $5 million to Hamilton County, and just over $13 million to local schools.

Rock Gaming projected 5 million people would visit a year, and the casino would put $21 million in Cincinnati's coffers, while Hamilton County would receive $12 million, and local schools would get $14 million.

4.8 million people visited the Horseshoe Casino in its first year, and partner hotels booked more than 45,000 rooms.  Over 50,000 people attended concerts on "the Shoe", the outdoor concert space, next to the main entrance.  And the grand ballroom, upstairs, has hosted more than 200 meetings.

Since the Horseshoe opened its doors, Miami Valley Gaming opened their racino near Lebanon, and Belterra Park is scheduled to open a racino in May.  But, Kline isn't too worried about the competition.  He says Horseshoe offers a unique experience for players, and has built solid partnerships with local restaurants and hotels, and with other attractions.

Kline says for the second year they plan to strengthen those partnerships.

The Horseshoe plans to celebrate their first anniversary with a free firework show, Tuesday night.