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PNG Casinos Coming To Columbus, Toledo

Published: June 20, 2011 11:26 am ET

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On Friday, June 17, Penn National Gaming agreed to a deal with the state of Ohio that will see the company build a casino in both Columbus and Toledo. The agreement is essentially the same deal that the state agreed to with Rock Ohio Caesars on Wednesday, June 15.

According to a press release from the office of Ohio Governor John Kasich, Penn National will pay the state $110 million over 10 years, while Ohio’s Commercial Activity Tax will be applied to PNG’s wagers minus payouts, instead of on wagers only.

A report by the Dayton Business Journal states that PNG has stated it will relocate its Beulah Park track in Columbus to the old Delphi facility in Dayton.

Governor Kasich has also gone on the record as saying that he is looking to make the process for the movement and relocation of racetracks’ gaming licenses easier. He was quoted as saying, “It’s our intention to have a streamlined process” in an article on vindy.com.

(With files from the Dayton Business Journal and vindy.com)

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