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Ohio to limit casino promotions

CasinoNews.Today Legislation

Ohio’s Sen. Bill Coley wants to limit the casino’s promotions. According to him, it’s „(…)high time that the people who made promises to the citizens of the state of Ohio live up to those promises and start delivering the revenues that they promised (…)”

Apparently, Ohio’s casinos that have fallen short of their financial promises shouldn’t be allowed to use freebies to attract high risk taking players. The new legislation, which will be proposed next week, would stop casinos from giving out promotional freebies, if the casinos haven’t met revenue projections.

Those that have met their projections, on the other hand would be limited to credits of USD 5 million per year. Coley claims that approximately since mid-2012 the Ohio’s casinos have handed out over USD 500 million, and because of the fact that the credits are not taxed, they have cost the state USD 165 million in tax revenue.

We’ll see how it goes. At the moment many people are protesting.

Eric Schippers from Penn National Gaming:

“Eliminating or reducing the discount on promotional credits would nullify one of the very weapons the state needs to help keep Ohio competitive in the ongoing regional gaming arms race.”

Ohio to limit casino promotions was last modified: April 8th, 2015 by CasinoNews.Today
Source: iGaming Business