Ohio may miss the March 10 deadline for having licensing rules in place. Governor Kasich has not yet made his selections for the Ohio Casino Control Commission. A spokesman has indicated this will occur ‘soon’. Casino developers don’t seem too concerned and have said it is business as usual. They currently have no plans to delay the openings of any of the four casinos.
Cincinnati, like Cleveland, will get a Horseshoe Casino. Projected to open in late 2012, the Cincinnati casino is expected to employ 1,700 people.
Casino developers Rock Gaming and Penn National Gaming have revised their economic projections from 2009 downward. The four casinos will open with 7,400 less seats. Revenues would be $1.2 billion to $1.6 billion, instead of the originally projected $2 billion. Penn National blames the lower numbers on competitive pressures, including the fact that VLT’s are once again on the table. Rock Gaming attributes fewer seats to the involvement of Caesars, which was not in the picture when the 2009 projections were released. Caesars typically operates with fewer slot machines and tables than do competitors of similar size.