The “brilliant minds” at the Dayton Daily News editorial board once again came out against gambling, which is the right thing to do if it’s a constitutional amendment that guarantees a monopoly to the people who wrote the bill:
It is a constitutional amendment that would allow one casino in Cleveland, Columbus, Cincinnati and Toledo. The proposal was written by and for the very developers who would own the casinos, down to the details of what tax rates they’d pay.
Wouldn’t you love to decide your own taxes?
Not shockingly, the deal is sweet. The casinos would pay 33 percent of gross revenue in taxes. Pennsylvania’s rate is 55 percent; Illinois’ is 50 percent; Indiana’s, 35 percent; Michigan’s is 19 percent.
The casinos would also pay one-time $50 million license fees, but other states have charged $250 million to $500 million.
The self-dealing isn’t just brazen; it’s shameless.
Two outfits stand to gain under the amendment:
Penn National Gaming and Dan Gilbert, who owns the Cleveland Cavaliers.
In other states, gaming businesses have had to compete by submitting bids to operate casinos. Penn National’s and Mr. Gilbert’s plan is to award themselves a monopoly and skip any competition.
What the chuckleheads missed is that it also bans any kind of gambling at fish frys to support your church.
Require that casino gaming be conducted only by authorized casino operators o f these four casino facilities or by licensed management companies retained by such casino operators.
The amendment is so specific that it actually turns real estate parcels into part of the State Constitution- with the sites for each casino listed. It makes our collection rates tied to surrounding states as well- which is like saying if your neighbor sells his house, you have to. And just like the Wayne and Wyoming Kroger deal, there is no requirement for performance by the Casino operators- they aren’t required to build any of the casinos at all- and if they don’t, no money comes to us, and no one else can build a casino in Ohio.
So, even though the Dayton Daily News editorial board actually got it right- they didn’t warn you of the real dangers lurking in this incredibly bad deal for Ohio citizens. Of course, these are the idiots who also endorsed keeping the same people on the Dayton City Commission even though they’ve failed you miserably.
I urge you to tell all your friends, vote no on Issue 3 because it’s not just bad, it’s a “strangely bad” idea- and the DDN editors didn’t even scratch the surface of why.
Thanks to PizzaBill for tipping me off to this. Stop in and buy a pizza from him for teeing this up for me.