Monday, May 3, 2010

When You Pass A Law Saying There's Only One Property In The City That Can Opperate A Casino

Whoever owns that property gets a nice payday.

From the Cincinnati Enquirer: "The developers of the downtown Cincinnati casino closed Thursday on the 20-acre site, paying $35 million - or more than double the market value of $14 million."

Someone's lobbyist got them a $21 million payday. Legalizing gambling would have been supperior to this cartel system of Ohio granting regional monopolies for casinos. But, congrats to them.

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