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StumbleHarrah’s to manage Ohio casinos in proposed deal
Thursday, Aug. 12, 2010 | 1:49 p.m.
Las Vegas-based Harrah's Entertainment Inc. has signed an initial agreement with a company headed by Cleveland Cavaliers owner Dan Gilbert to develop and operate casinos in Cincinnati and Cleveland.
The nonbinding agreement between Harrah's and Detroit-based Rock Gaming LLC was announced Thursday. It would create a joint venture, with Harrah's managing the casinos and making a minority investment. Rock Gaming would have majority ownership of the partnership.
Rock spokeswoman Jennifer Kulczycki says definitive agreements are expected this fall. The venture expects to invest more than $1 billion total to develop the casinos.
Ohio voters last year approved casinos in four cities. Penn National, based in Wyomissing, Pa., has rights to casinos planned in Toledo and Columbus.
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So this means when i fly home to c-town, i'll still have to drive somewhere to gamble, thanks Dan.
Now you can get ripped off with 6:5 blackjack without even leaving Ohio! Awesome!
I foresee communities rebelling against putting casinos all over their communities in the future. Las Vegas should lobby to heavily keep these places from opening, because it isn't in the best interest of the city. These casinos don't do anything for the cities they are placed in anyways. I wish Detroit would get rid of theirs.
I am all for casinos in Ohio (keeping our money in the state versus Kentucky and West Virginia) but make no mistake ... there is no place like Vegas! I will still come to Vegas once or more a year --- you can't get the same experience (gambling experience) any place else but Vegas!
Vegas will always be the Mecca of gambling.
It serves Cleveland right to have Harrah`s run a casino there. The cesspools of cities gets the cesspool of gaming operators.