Permission Granted To Open Ohio’s First Casino

The Casino Control Commission granted permission to Rock Ohio Caesers to open the states first casino, Horseshoe Casino, in Cleveland 2 weeks before it was scheduled to open to the public. The new casino will have 100,000-square-foot gambling floor with 2,100 slot machines, 63 table games and 30 poker tables and will employ around 1,600 people. Though open, it will be under the control of the Commission. It is required to be open for a day to invited guests before it officially opens to the public on May 14. A management license was also granted to Cleveland based Horseshoe Management Company LLC that manages Cleveland Casino, Cincinnati.

The decision came after a report by Spectrum Gaming Group talked about Rock Ohio Casers’ financial stability. It highlighted that Caesars Entertainment Corporation be allowed to open Rock Ohio Caesers and that its financial success complimented Rock Ohio Ventures’. It also stated that the Caesars Entertainment Corporation held a 20% stake in Rock Ohio Caesers and had billions in debt and that the Commission should continue to monitor it.

4 other casinos are set to open in Ohio by 2009, with Caesers being the first. Another casino managed by Rock Ohio Caesers is set to open next spring. Part of the revenue from the casino will be spent on nearby public schools and support programs like those dealing with gambling addiction. Penn National Gaming will open its Toledo casino a few weeks after Horseshoe Casino Cleveland and its Hollywood Casino Columbus in the fall.

At a commission in April, company officials defended Caesar Entertainment Corporations efforts at alleviating its debt. A report was also made of Daniel Gilbert, majority stake holder in the company. It questioned a $60,000 loan that he gave to Mayor Kwame Kilpatrick. It was quoted that Gilbert, who was never penalized for it, called it bad judgment. Also talked about were casino control measures, security measures and hiring strategies. A presentation was also made by Penn officials on its plans for the Toledo casino. A decision is to be made on Penn’s operating license on May 9.

The Occupational Health and Safety Department withdrew references and reduced fines on Wednesday for 2 construction companies that were involved in site accidents that injured 2 workers in Cincinnati, a floor collapse that hurt a dozen workers in January and a garage collapse in December, no one was hurt.

 

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