Kasich wants casinos to pay more | The Columbus Dispatch

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"What more are willing to do?" Gov. John Kasich asked yesterday. Gov. John Kasich is preparing to ask Penn National Gaming and Rock Ohio Caesars to raise their antes for operating a casino in Ohio.

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“The One, The True”

Since: Dec 09

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#1
Apr 14, 2011
 

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Bad Deal? It costs 1.5 million to apply for a license and the licence fee is 50 MILLION dollars, then we're taking 33% off.

Stop and think about that. 33% tax on GROSS revenue. The mob doesn't get that kind of deal.

Meanwhile, Kasich wants to cut tax and reduce expenses for other businesses in the state. It's hypocritical.

Kasich is a shameless jerk.
Good for Business

Columbus, OH

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#2
Apr 14, 2011
 

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That should be good for business we say one thing and do another.
Native Alien

Corbin, KY

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#4
Apr 14, 2011
 

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I would think that he would worry about getting the casinos built and running before he asked them for more money.

After all, look at what Penn National is paying in legal fees to fight with the City.
Honky

Thonotosassa, FL

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#5
Apr 14, 2011
 

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Typical Ohio politician. Greedy. Bottom line if the casinos pay more where do you think that will come from? They will just raise the edge on the slots and the gambler pays it.
Just like the tobacco money, they are spending it before they get it.
Bodie

Chillicothe, OH

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#6
Apr 14, 2011
 

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Waiting to see when they pop this oer to political page.
Usually around 8 AM or so.
Conservatives Lie

Powell, OH

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Apr 14, 2011
 

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Help the schools? Kasich is the biggest threat to our schools! He means help the future PRIVATE RELIGIOUS schools (like the ones his kids attend) with those tax dollars.

What a useless 'tool' he is.
Columbus

Columbus, OH

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Apr 14, 2011
 

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Placing that casino on the west side of town is a bad idea. Nothing against the west side--the site is so isolated from hotels and upscale dining places. That said, we need to move forward. Gov. K, it looks like you're welching on what the voters approved. Was is a bad choice? You betcha.

If our politicians were leaders, we would not be in this position. Gambling was going to come to Ohio anyway, so why didn't we have the guts and foresight to get our ducks in a row? No, the politicians were too busy catering to their benefactors to get reelcted. No, no, no...no planning. And guess what? The casino people outsmarted you.
Retired teacher

Circleville, OH

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#9
Apr 14, 2011
 

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Mr. Governor: Are you saying the voters got it wrong when they passed the casino issue and therefore we need a mulligan? Make you a deal- let's put your alterations to this issue on the same ballot that has you running against Strickland again and let the chips fall as they may.
Cbus

Powell, OH

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#10
Apr 14, 2011
 
The GOD wrote:
Bad Deal? It costs 1.5 million to apply for a license and the licence fee is 50 MILLION dollars, then we're taking 33% off.
Stop and think about that. 33% tax on GROSS revenue. The mob doesn't get that kind of deal.
Meanwhile, Kasich wants to cut tax and reduce expenses for other businesses in the state. It's hypocritical.
Kasich is a shameless jerk.
It doesn't take a genius to do a little reading on what Penn national is paying for taxes in Pennsylvania. They have a different rate for table games than they do for slot machines. When you add it all up and figure out the total tax, it's 46-48% overall on total revenue. A lot less than 33% in Ohio. The casino owners own projections for Ohio are $2 billion in total revenue per year. It also doesn't take a genius to figure out what an extra 13-15% of $2 billion is. A lot of money Ohio left on the table. No wonder Dan Gilbert was smiling so much on election night.

“The One, The True”

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#11
Apr 14, 2011
 
Cbus wrote:
<quoted text>
It doesn't take a genius to do a little reading on what Penn national is paying for taxes in Pennsylvania. They have a different rate for table games than they do for slot machines. When you add it all up and figure out the total tax, it's 46-48% overall on total revenue. A lot less than 33% in Ohio. The casino owners own projections for Ohio are $2 billion in total revenue per year. It also doesn't take a genius to figure out what an extra 13-15% of $2 billion is. A lot of money Ohio left on the table. No wonder Dan Gilbert was smiling so much on election night.
Taxes vary from state to state. Ohio's rate might not be as much as PA's but it's higher than that which you will find in most states with gaming. The last state I'd like to see Ohio model itself after is PA.

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