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Cincinnati casino work to begin again soon

SportsGuy41017
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SportsGuy41017

SportsGuy41017

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The Governor of Ohio and the developer of the casinos in Cincinnati and Clevelend reached an agreement and work should start up again soon.

 

NICE! The governor stops work on a casino deal the voters already approved, hires a consulting firm he has ties with, they reach an agreement and will now get a percentage of all new money coming in, on top of their consulting fee.

 

Someone mentioned in another thread asking if the governor of Ohio is handing Obama the next election, Maybe so.....

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SportsGuy41017

SportsGuy41017

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Im against the casino deals, but it would be nice if some of the money went back to KY towns that go over to lose their money.
See that is the problem with Kentucky, KY doesn't have casinos and lose $$$$$ to other states, then complain. I wish that Kentucky would let regions decide if they want casinos, and if approved and voted on, ALL the revenue stays in that region! If a certain part of the state does not want casinos thats fine, but let the areas who want it have it, and don't expect even one cent for the areas who do not want it.

 

Also, KY towns don't cross the river to go to casinos and lose their money.

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Jim Schue

Jim Schue

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Im against the casino deals, but it would be nice if some of the money went back to KY towns that go over to lose their money.

 

No, there's one person and one person only to blame for that. You know, that guy who's actively trying to destroy Kentucky's horse industry.

 

And don't do anything silly like voting for Richie because he's, well, Richie, and all he did for UK hoops in its darkest hour.

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Dlbdonn

Dlbdonn

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Exactly why Kentucky needs to move into the 21st century and allow gambling.
As a fellow Christian like RTS , I agree . This is just what Kentucky needs to grow and progress into the 21st century and beyond .
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Bluegrasscard

Bluegrasscard

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Maybe people just do not want to acknowledge that Kentucky used to be a 'destination' for casino gambling. Certainly the Cleveland mafia was not running the numerous casinos in Newport for just the locals. See Table 2 in this link.

 

http://www.rootsweb.ancestry.com/~kycampbe/newportgambling.htm

 

Williams is worse that just 'hurting' Kentucky. His apparent actions involving the Indiana casinos can be viewed out right traitorous to the state. If it was found that he was in the pocket of the Indiana casinos while lobbying against expanded, legal casino gambling in our own state he should face more than just a losing election IMHO.

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SSC

SSC

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BUT, his friends in the consulting firm not only got a fee, they also get a % of all new tax money as well.

 

Who cares? They get a fee of money from the state that never existed, but does now. They got an additional $110M from 2 of the 4 casinos and he probably saved the horse racing industry in Ohio all while killing it in Kentucky and it will be another $100M+ up front from the horse tracks. That's not even counting the additional tax revenue from the tracks. He hit a grand slam because he knew Harrah's wanted in the market bad enough. Obviously the voters got the state a deal that wasn't good enough and he made it 10 times better.

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CoachBuckett

CoachBuckett

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I wont disagree, but as a Christian I can not say it is great.

 

I am a Christian as well. God gives us all Free Will. So those of use that gamble it is our responsiblity.

 

All the lies about crime growing with gamble is crazy. We already have crime growing because of the economy. Casino's can off set that with tax dollars that bring in. The only way they fail is when Law Makewrs over spend those tax dollars.

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SSC

SSC

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Additionally he'll get at least another 100 million from the other two casinos. This probably destroyed Kentucky's chances at ever earning real big gambling profits. Turfway Park people have to be really upset about this.

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Voice of Reason

Voice of Reason

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Who cares? They get a fee of money from the state that never existed, but does now. They got an additional $110M from 2 of the 4 casinos and he probably saved the horse racing industry in Ohio all while killing it in Kentucky and it will be another $100M+ up front from the horse tracks. That's not even counting the additional tax revenue from the tracks. He hit a grand slam because he knew Harrah's wanted in the market bad enough. Obviously the voters got the state a deal that wasn't good enough and he made it 10 times better.

 

I have not looked at Kasich's deal closely, but in first glance in the paper I thought it said he gave a tax break of some sort to the casinos. Did he just shift revenue from one hand to the other to save face in making this deal and give him a story to tell the media and voters or did he really get more money for the state? I believe he agreed to tax only casino net winnings or earnings versus taxing all wagers? Not sure how that money difference plays out. Would the state have received more if they applied the casino tax to all wagers?

Edited by Voice of Reason
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