Monday, October 12, 2009

Will Ohio Casinos Hurt Detroit?


One of the biggest reasons that we've kept up-to-date on the proposed Ohio casinos is because of the negative impact they're likely to have on the Detroit casinos, and to a lesser extent, Michigan charitable bingos. Due to be voted on in November, the Ohio proposal would allow for four casinos...one each in Cincinnati, Cleveland, Columbus, and (most worrisome to Michigan casinos) Toledo.

From the Detroit News:

Backers of Issue 3, including Dan Gilbert, co-founder of Livonia-based Quicken Loans, have been heavily courting voters throughout the referendum process by arguing that as much as $1 billion a year is spent by Ohioans every year in casinos across state borders in West Virginia, Indiana and Michigan. Gilbert, who also has championed a rebirth of downtown Detroit, is a co-owner of the Cleveland Cavaliers and has sunk millions into pushing for passage of Issue 3.

One recent television ad urges Buckeye voters to "take charge" and "keep our money in Ohio."

That kind of rhetoric is a concern for Detroit's three casinos -- MGM Grand Detroit, MotorCity and Greektown. By all accounts, Ohioans represent the single-largest group of out-of-state casino patrons in southeast Michigan, and constitute a goodly portion of business for Caesars Windsor, across the Detroit River, in Ontario.


For more information on this article, please see Nathan Hurst, Ohio may take on Detroit casinos, The Detroit News, October 12, 2009.

This casino legislation will be voted on on November 3rd. Please check back for updates.

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