Sunday, 6 November 2011
GOP Endorses Expanded Gambling in Ohio
Republican John Kasich said that, if elected governor of Ohio, he is open to gambling expansion in Ohio.
Kasich, the former GOP Whip in the U.S. House under Speaker Newt Gingrich, and leader of the Republican takeover of Congress in 1994, also said that the state's difficult budget situation will make it difficult to begin phasing out the state income tax in his first term. He has espoused a goal of eliminating the tax in virtually every campaign stop.
Kasich, the former GOP Whip in the U.S. House under Speaker Newt Gingrich, and leader of the Republican takeover of Congress in 1994, also said that the state's difficult budget situation will make it difficult to begin phasing out the state income tax in his first term. He has espoused a goal of eliminating the tax in virtually every campaign stop.
Kasich said that he will consider expansion of legalized gambling from the viewpoint of whether it makes sense for the state.
"I'm not ideologically opposed to gambling," the former congressman said. "I haven't made up my mind on it, but I'm not going to say we're not going to do it and pound my fist on the table. We'll have to see, and that doesn't mean we are going to do it. We'll have to take a really hard look at it."
Kasich said he is not sure what state-sanctioned gambling "ought to look like, although I have a sense that the state ought to own it and lease it if it's going to work."
As governor, he said he would ensure that the state gets a maximum return from gambling operations and that proceeds are used to reduce taxes, not fill budget holes.
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Wall Street keen on gambling industry prospects
Wall Street analysts are poised to share their perspectives on the growth of the gambling industry at next month's Pennsylvania Gaming Congress & MidAtlantic Racing Forum.
Expected to partake in the Wall Street panel are many Wall Street stars: Larry Klatzkin of Jefferies & Co.; Alex Picou of KeyBanc Capital Markets; Joel Simkins of Macquarie Bank and Adam Steinberg of Morgan Joseph.
"As the Mid-Atlantic and Northeast racino (race tracks with casinos) markets become increasingly competitive, so too has the pressure to attract new customers - for both racing and gaming," said Jim Rafferty, president and CEO, New Hampshire Charitable Gaming. "The outlook for this industry is promising. In this segment, racing and gaming experts will discuss marketing strategies in tough economic times, the demographic differences between racing and gaming customers -- now and in the future -- and the elusive goal of having gaming patrons crossover to also place bets at the track."
Another panel will discuss intra-industry strategic alliances and operational issues, as well as provide updates on the racing industry trends and forecasts in the state, region, and nation.
"What are the opportunities and challenges facing the racing industry in the Mid-Atlantic region today and how should they be addressed?" said Nicholas Hadgis, Ph.D., dean, School of Hospitality Management, Widener University.
Expected to partake in the Wall Street panel are many Wall Street stars: Larry Klatzkin of Jefferies & Co.; Alex Picou of KeyBanc Capital Markets; Joel Simkins of Macquarie Bank and Adam Steinberg of Morgan Joseph.
The conference is to be held Feb. 23 through Feb. 24 at the Whitaker Center and Harrisburg Hilton.
The conference shall also provide presentations by Mary DiGiacomo Colins, chairman of the Pennsylvania Gaming Control Board and Timothy Wilmott, president and CEO of Penn National Gaming. Inc.
Penn National Gaming Inc. owns the Hollywood Casino at Penn National in East Hanover Township, Pa.
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"As the Mid-Atlantic and Northeast racino (race tracks with casinos) markets become increasingly competitive, so too has the pressure to attract new customers - for both racing and gaming," said Jim Rafferty, president and CEO, New Hampshire Charitable Gaming. "The outlook for this industry is promising. In this segment, racing and gaming experts will discuss marketing strategies in tough economic times, the demographic differences between racing and gaming customers -- now and in the future -- and the elusive goal of having gaming patrons crossover to also place bets at the track."
Another panel will discuss intra-industry strategic alliances and operational issues, as well as provide updates on the racing industry trends and forecasts in the state, region, and nation.
"What are the opportunities and challenges facing the racing industry in the Mid-Atlantic region today and how should they be addressed?" said Nicholas Hadgis, Ph.D., dean, School of Hospitality Management, Widener University.
© Copyright 2009 Online Casino Crawler This material may not be published, broadcast, rewritten, or redistributed.
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