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Voters OK four gaming complexes
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The fifth time was the charm for those seeking to bring casino gambling to Ohio. Voters in the Buckeye State approved a measure that will allow four casinos to be built – one each in Cincinnati, Cleveland, Columbus and Toledo.
The ballot initiative gives Penn National Gaming the rights to build the casinos in Columbus and Toledo, while Detroit entrepreneur Dan Gilbert will own the casinos in Cincinnati and Cleveland. (Gilbert, founder of online mortgage lender Quicken Loans and majority owner of the Cleveland Cavaliers pro basketball team, plans to hire professional casino operator to run his complexes.)
Ohio lawmakers must now draft regulations for governing the casinos. If all goes according to plan, the casinos will open for business in 2012.
Voters in Ohio had previously turned down proposals to allow casino gambling in 1990, 1996, 2006 and 2008. Promises of 34,000 new jobs and $650 million in annual state revenues amid the current economic slump apparently helped turn the tide in favor of the latest plan.
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