Ohio Lottery OKs Concessions To Racetracks
Published: September 12, 2009
CLEVELAND, Ohio—The Ohio Lottery Commission has made concessions to the state’s horse racing track owners to increase the likelihood they will meet a key deadline for getting video slot machines running by May 2010. The state agreed to drop a requirement that the owners secure a $52 million performance bond by Tuesday, when the owners must each make a $13 million payment toward their $65 million slots license fee.
Track owners objected to the performance bond, saying the poor economy made it nearly impossible to secure. Lottery Director Kathleen Burke says she expects all seven tracks will file applications Tuesday and make their first payments. Governor Ted Strickland is counting on the video terminals to raise $933 million in revenue to help balance the state budget.
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Reader Reactions
Okay it’s time to look hard at who is Profiting from the reactracks getting these slots. In Grove City the Mayor is determined to hold off on Town Center redevelopement in order to see what his buddy Charles Ruma at Beulah Park “needs” as far as support from the city. Grove City Taxpayers should not spend one thin dime to help a millionare become a billionare.
Stricky is doing a great job considering who he has to work with.
Her we go, lets go ahead and vote in casinos in November because Gov. Strickland is going to put gambling in anyway. I have no problem with casinos but when our Governor is bypassing the vote of the people to balance his budget because of his incompetence of not overspending its just wrong. Why even have elections and choices when the Governor can do it for us.
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