Posted By admin , on
June 4, 2008 at 5:26 AM .
Category:
Casino
The state of Ohio is slowly moving closer to having a casino in the Columbus area as MyOhioNow.com has received word that the Ohio State Building and Construction Trades Council has decided to back up their resort and casino initiative. MyOhioNow.com is currently collecting signatures in an effort to make sure the bill gets on the ballot in the fall and they have been heavily campaigning over the last few months by sponsoring activities, statewide advertising on television and radio, and organization building.
“Working men and women will benefit from the My Ohio Now Casino Project in many ways,” said Charles Morton, head of the Dayton Building Trades Council, and OSBCT point man for the My Ohio Now Project. “Not only do we encourage working people to vote for the initiative, we are excited to be a major partner to bring 5,000 well paying permanent jobs to Ohio that pay pension and full health care benefits.”
Lakes Entertainment of Minnetonka, MN, Rick A. Lertzman, and Dr. Bradford Pressmen form the MyOhioNow.com partnership that is spear heading the casino resort campaign. States Dr. Pressman, an independent entrepreneur, “We are honored to stand with the working men and women of Ohio to create great jobs in construction as well as permanent jobs at the resort casino. This state desperately needs investment and jobs, and a $600 million investment in Ohio’s economy with 5,000 permanent and thousands of construction jobs is just what the doctor ordered for Ohio’s ailing economy.”
Lertzman, another entrepreneur, added, “The Building Trades know the great positive economic impact the My Ohio Now Casino would have throughout the state and are standing up for working Ohioans who will benefit so greatly with this huge economic development project. Ohio needs help, and Ohioans can vote for a better and more prosperous future this November. We applaud the building trades for recognizing how important this is for Ohio’s future.”
If the bill is passed, MyOhioNow.com is prepared to start work on the $600 million resort casino that will be located in Clinton County. The partnership intends to reinvest $214 million back into the county governments, focusing on alleviating property and sales tax stress that is currently plaguing the States. In addition to the employment that the casino resort will offer citizens once the establishment is built, there will be thousands of construction jobs also available during the building phase.
Claims Morton, “The Building Trades will work hard for passage of the My Ohio Now Casino to fight for these jobs and fight for Ohio’s economic survival. Ohioans need jobs at good wages and good benefits. The My Ohio Now Casino and Resort are a giant leap in the direction of securing our economic future.”
Tags:
casino project,
casino resort
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Posted By admin , on
May 29, 2008 at 10:08 AM .
Category:
Casinos
If you were wondering how the casinos are managing to survive the current economic slump affecting the United States, just take a look at the figures. In 2007, $34.13 billion was lost by gamblers at non-tribal casinos across the USA, an increase of 5% over the 2006 figures. This amount is more than consumers spent at their local cinemas and buying video games combined. These figures were collected by the American Gaming Association and were made public by the annual industry survey that was released on May 14th.
The numbers exclude tribal casinos which are considered government controlled operations. Money that was spent on dining, shopping, entertainment, and other casino resort activities were also excluded as they top off much of the revenue collected by casinos along the Las Vegas strip. The American Gaming Association is currently working on a report to show the estimated revenue on these other profit-making ventures employed at casinos in order to get a more comprehensive outlook of the total revenues earned.
There are currently seven non-tribal casino markets in the United States that are generating more than $1 billion. The Biloxi Mississippi market is the one making the biggest gains. The casinos are making more money than before since the casinos that replaced property destroyed by Hurricane Katrina are more luxurious and offer more amenities to the customers. Of course, other markets have not been so lucky and have seen both revenue and employment fall. While the economic slump is part of the reason, competition from other gaming establishment and the smoking ban that is sweeping through the casinos are also part of the overarching problem.
Despite the economic slump that began last year, more than $53 million is allotted to new casino resort projects that will be implemented over the next few years. The association’s president Frank Fahrenkopf believes that this is a good sign and shows that the industry is actually helping to keep people gainfully employed and money going into the state government’s coffers. He also commented that he did not believe the surveys indicating that people were being turned off casinos because they were becoming more commonplace in cities and their outlying suburbs.
Luntz, Maslansky Strategic Research polled American citizens on the subject of gambling and discovered that 49% of the population still agree that casino gambling is “perfectly acceptable for anyone”. While this number is down 3% from 2006, the amount of people who answered that casino gambling was “acceptable for other but not themselves” was actually up by 5%. Fahrenkopf stated that the numbers from the poll were well within the margin of polling error, but critics will still use the figures to fight any additional casinos from popping up in their states.
Tags:
casino markets,
casino resort,
new casino,
smoking ban,
tribal casino
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