While Ohio has voted down the idea of casinos at least two times that I know about, it looks like it will be back on the ballot again. This time, the Cavaliers’ owner Dan Gilbert is on board as an investor.
The press release:
Ohio voters will have the opportunity to approve a constitutional amendment that, if passed, will result in $1 billion in required new private investment, $200 million in licensing fees, $600 million annually in tax revenue – most of it for counties, cities and school districts – as well as create an estimated 20,000 new jobs for the state.
We will leave the moral dilemma debate on gambling for other websites that deal with politics and stuff like that. I would just like to point out how wonderful it is to have Dan Gilbert in Ohio. I was skeptical that this Detroit guy was just going to own the Cavs and not really settle into the area. And while I know he stands to make exceptional amounts of money in the Ohio casino game, it should be noted how much of an investment Gilbert has made in Ohio other than the phenomenal job he has done with the Cavs so far.
I knew Gilbert had employed people in a Qucken loans office downtown, but I didn’t realize just how many employees he had state-wide. According to the article Gilbert employs more than 2000 people state-wide including the 350-person Quicken office in Cleveland. It is a breath of fresh air for us Cleveland sports fans. Now lets just hope he makes enough running casinos in Ohio that he can justify buying the Indians next.