Ohio governor makes deal Clearing way for PENN casinos

Jun 20, 2011 9:48 AM

Gov. John Kasich may have been spending the weekend playing golf with President Obama and other political cronies but that didn’t stop him from taking care of business at home.

Monday morning, the governor’s office announced that Penn National Gaming Inc. would pay the state $110 million over 10 years while Ohio’s Commercial Activity Tax would be applied to Penn’s wagers minus payouts, instead of on wagers only.

Thus, Penn National can go forward with the construction of casinos in Columbus and Toledo. The company said it also plans to move Beulah Park horse track from Columbus to Dayton.

The deal is essentially the same one Kasich made with the other casino license holder, a local group called Rock Ohio Caesars LLC. This company will build casinos in Cincinnati and Cleveland that will be operated by Caesars Entertainment Corp.

It has been estimated that several thousand jobs will result from the casino projects.

Reportedly, Kasich’s wallet is a little thinner after his Washington D.C. golf outing. He and his partner, Vice President Joe Biden played against Obama and his partner, House Speaker John Boehner. They lost and were forced to cough up $2 each.