Opening Day
The Cleveland and Toledo casinos may know as soon as February 15, the next scheduled meeting of the OCCC, when they will open. What is known is that the two casinos will open two weeks apart. It is uncertain which will open first. Penn National and Rock Gaming are both pressing to be the first to open.
The background checks hurdle seems to have been cleared. Daniel Mudd has resigned as CEO of Fortress Investment Group, holding company for Penn National. As reported in our last update, Mudd has been indicted by the SEC for misleading investors while he was head of Fannie Mae. Testing and delivery of the slot machines has now become the most time consuming issue.