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Casino foes oppose Ohio ballot question25 August 2008OHIO -- As reported by the Business Courier of Cincinnati: "Language on the gambling ballot initiative for a casino in Clinton County contains loopholes that could wipe out its proposed tax benefits and lead to more casinos in the state, opponents of the measure said Friday. "Beachwood, Ohio-based MyOhioNow.com's Issue 6 measure for the November ballot, proposed in cooperation with Minneapolis-based Lakes Entertainment Inc., calls for Ohio's first casino to be developed midway between Columbus and Cincinnati in Clinton County. Under their proposal, the $600 million casino's revenue would be taxed at a 30 percent initial rate, distributing funds throughout Ohio's 88 counties. "...Rick Lertzman, who heads MyOhioNow with Brad Pressman, said the ballot language states that the Clinton County casino's tax rate could drop from 30 percent to 25 percent if a second casino is built, but voters would have to approve new tax language before the rates could slip any further. |