Developer halts construction of 2 Ohio casinos
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#1 May 11, 2011
I am happy to see Rock Gaming take a stand against Governor Kasich and the uneducated Ohio politicians trying to impose the CAT on gross wagers instead of net win. The Governor's hiring of the two gaming experts is obviously just for show and a waste of taxpayer money as he seems to be making decisions involving gaming without consulting his hired experts or giving them a chance to complete their work. How does a state pay two consulting groups and then not consult with them on taxation and operational issues that they are the "experts" in? The Ohio House is trying to plug a budget hole and their grand plan is to apply the commercial activities tax on casinos for the money wagered, not won by the casino. The House Finance Committee said it was a pretty simple situation since the commercial activities tax is a gross receipt tax. The only problem is gross receipts as defined within the gaming industry in every state is NOT money wagered but the money kept after the person has left the casino. It is entirely impractical for a casino to account for moneies wagered. Just envision a craps game. Is an individual going to have to track how many chips are on the table after every roll of the dice and report that amount wagered as being subject to the CAT? The state is paying two competent gaming consulting groups so why would the House Finance Committee not ask them for clarification on this? You may say that Governor Kasich hired the experts, not the Legislature. Can you explain then why the House Speaker told reporters the language would be stripped and changed to the actual revenue retained by the casino and then later on the bill passed the House Finance and Appropriate Committee with only 12 people having any sense and 20 people acting like total idiots? The House Finance Chairman told reporters that Governor Kasich was involved in the discussion on the language. Governor Kasich is urged to come out of the closet and admit to being an anti-gaming fanatic who cannot help himself. Stop wasting tax money on experts that you have no intention of consulting with and admit your real feelings. The way it is going, he may get his anti-gaming wish and not see any gaming in Ohio until he is voted out of office.
#2 May 12, 2011
Once again, this governor through poorly thought out legislation, has screwed up Ohio. These casino operators are asking for no more than casino operators are getting in West Virginia, Pennsylvania and even Nevada. Governor Kasich seems to think Ohio isn't getting enough money, so he is trying to pass legislation to squeeze casino operators. Well Mr. Kasich...you have caused them to halt construction in Cleveland and Cincinnati, thus holding up construction jobs (jobs you promised but have done ZERO to create), by your actions you have further delayed the creation of actual casino jobs and revenues for the state. You are doing nothing but hurting Ohio with all your half-thought out legislation. Please resign your high paying government job and let a true Ohio leader run this state...and I don't mean Batchelder. I am voting democrat.
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