Spectrum Gaming Group, a consultant who performed background checks on Rock Ohio, has recommended the Ohio Casino Control Commission grant an operator\u2019s license to Rock Ohio for Cleveland\u2019s Horseshoe Casino.<\/p>\n
There were a couple of concerns. According to the Spectrum report, Caesars, a 20% owner of the Cleveland casino, faces over $20 billion in debt, a point Caesars disputes. As a result, Spectrum recommends an annual review of Caesars finances. However, since Rock Ohio owns 80% of the casino and Caesars has other \u2018deep pockets,’ Spectrum did not feel there was any reason for this to prevent granting of an operator\u2019s license.<\/p>\n
Of greater concern were past incidents involving principals Dan Gilbert and Roger Dillard III. In 2009, Gilbert made a $60,000 loan to the former mayor of Detroit, who was convicted of corruption charges. Spectrum concluded that Gilbert probably used poor judgment, but the loan was nothing but a loan, not extortion or bribery. In 1981, while a student at Michigan State University, Gilbert was arrested for running a sports betting operation on campus. He went through a diversion program and was never convicted. Despite these concerns, Spectrum still recommended the OCCC grant Gilbert a license.<\/p>\n
The concerns with Dillard, the vice president of finance for Rock Ohio, are a little more serious. Dillard\u2019s CPA license in North Carolina was forfeited in 2006. It was later determined that the forfeiture was a result of Dillard misrepresenting his CLE compliance. Spectrum has recommended Dillard testify at a hearing on this issue before any further action is taken on his license application. Rock Ohio has a back-up. Jonathan Howard has applied for a license and would step into the roll Dillard currently occupies should Dillard not be granted a license.<\/p>\n
A vote on Rock Ohio\u2019s operator\u2019s license is expected at the next OCCC meeting on May 2.<\/p>\n","protected":false},"excerpt":{"rendered":"
Spectrum Gaming Group, a consultant who performed background checks on Rock Ohio, has recommended the Ohio Casino Control Commission grant an operator\u2019s license to Rock Ohio for Cleveland\u2019s Horseshoe Casino. There were a couple of concerns. According to the Spectrum report, Caesars, a 20% owner of the Cleveland casino, faces over $20 billion in debt, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[15],"tags":[24,31],"class_list":["post-1542","post","type-post","status-publish","format-standard","hentry","category-casino","tag-casinos","tag-ohio-casino-control-commission"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p87ey3-oS","_links":{"self":[{"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=\/wp\/v2\/posts\/1542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1542"}],"version-history":[{"count":1,"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=\/wp\/v2\/posts\/1542\/revisions"}],"predecessor-version":[{"id":1543,"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=\/wp\/v2\/posts\/1542\/revisions\/1543"}],"wp:attachment":[{"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}