Ohio residents for decades turned away the financial relief that would come with allowing casino gambling in the state. Finally, casinos were approved and
Construction has begun at several of the locations where casinos will be built. Columbus, Cleveland, Toledo, and Cincinnati will all be receiving casinos in the next couple of years, and analysts believe this may only be the beginning of the gaming boom in Ohio.
"Once the casino ball starts rolling, it is hard to stop," said Gaming Analyst Steve Schwartz. "What will soon happen is that other cities will get sick of losing revenue to those four casino cities, and they will start to explore expanding gambling in their areas as well."
Already the rumblings have been heard of upset business owners who may lose revenue from the casinos. When new gaming facilities and entertainment destinations are built, people come from hours away to check out the excitement being generated, and that will likely lead to a drop in business at those local bars and entertainment venues.
Another reason Ohio residents are waiting patiently for the casinos are the employment opportunities. Thousands of jobs will start coming open over the next couple of years, and already the construction jobs have put Ohioans back to work. The jobs alone will help revive an economy that has struggled since the recession.
Tax revenue is expected to be in the millions, and one many in particular will be looking for some support from residents. Dan Gilbert, the owner of the Cleveland Cavaliers, lost out in the LeBron James sweepstakes last summer, and some Cleveland fans were upset with Gilbert and the product the Cavs have put on the court this season. Building the casino should get Gilbert back in good standing with some Cleveland fans.
February 14, 2011
Posted By April Gardner
Staff Editor, CasinoGamblingWeb.com
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