Aw, isn’t this great? After Gov. John Kasich (R-OH) made the ludicrous claim that Ohio voters didn’t know what they were getting into when they approved a casino initiative in 2008, his legislative allies are trying to up the ante. They wanted the state’s casinos taxed on gross receipts, which Gaming Today erroneously blamed on Kasich himself. He’s professing neutrality on the issue (much as he was exquisitely vague on racinos during the 2010 campaign) but he’s made no secret that he wants more money — a lot more — from casinos. At least he’s finally come out as not being opposed to casinos per se … which is a different critter from being in favor of them, however. By the way, if Kasich finds the terms of that ’08 ballot question confusing, he’s plainly mislaid his thinking cap. They were perfectly clear both to S&G and, much more to the point, Buckeye State voters, who’d earlier shot down a casino monopoly pushed by Lakes Entertainment.
House Republicans “clarified” the Commercial Activities Tax to say that it applies to casino receipts prior to payouts. As Penn National Gaming spokesman Eric Schippers boils the proposal down, it would basically tax theoretical earnings. The way Schippers explains it, if I ran put a modest amount of dough into, say, a Reel ‘Em In machine, racked up $1K worth or credits, eventually lost it all and just recovered my initial “investment,” Penn gets taxed on the one grand, to the tune of $2.60, on money that never entered or left the machine.
Somebody had to pay for the elimination of Ohio’s estate tax and casinos are It. (You might say it’s robbing the rich to give to the rich.) And if casino hiring is put on indefinite ‘hold,’ well, who cares about a bunch of unemployed people, right? That’ll show ’em Continue reading →