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Gary Officials Studies the Effects of Casino in Cincinnati
The people of Ohio may well have given the city of Gary a big favor on Election Day. Ohio voters passed a ballot question to permit one casino establishment in Cleveland, Toledo, Columbus and Cincinnati. The Ohio casino facilities will all be land-based. The main key to the whole equation and of great importance to the city of Gary is the casino facility in Cincinnati.
A land-based casino facility would have a serious impact on three of the Ohio River casino facilities in Indiana. The Hollywood Casino in Lawrenceburg, the Belterra Casino near Vevay and the Grand Victoria Casino in Rising Sun all rely heavily on residents from Cincinnati to support their gaming businesses.
A study made by the Indiana Legislative Services Agency on November 9th, 2009 estimated that those three Indiana casino facilities could lose thirty-eight percent of their customers and $260 million in gaming revenues in the first year after the Ohio casinos opened.
Those cuts would translate into a $93 million cut in the taxes that they pay. The loss of that kind of gaming revenue will put serious pressure on the General Assembly to seriously consider permitting the Indiana casino boats to abandon their place on the water and construct their facilities on land.
Even before Ohio state voters approved the casino facilities, the city of Gary planned a second campaign next year to convince the state General Assembly to permit Don Barden to move one of his two casino licenses from Buffington Harbor to the Interstates 94 and 65.
While Ohio casino facilities would not affect the Northwest Indiana casino boats, Chicago Mayor Richard Daley appears to be serious about a casino that will help ease the financial problems of the city. Although there will be serious negotiations among lawmakers over approving land-based casino facilities, the answer is obvious. Casino facilities in Indiana need the power to compete effectively with neighboring casino facilities.
Monday, December 07 , 2009
Brian Letendre