HomePublicationsNewsletter ArchiveNewslettersVolume 18Issue 7Development Group Proposes Fifth Ohio Commercial Casino

On Wednesday, March 21, 2012, the Mahoning Valley Development Group, LLC (“MVDG”) announced its plans to build a fifth casino in Ohio, to be located in the Mahoning Valley area (near Youngstown, Ohio).  To be  named the “Mahoning Valley Casino & Resort”, the proposed $450 Million development would include a casino facility, a five star resort and hotel, spa, championship golf course and a live entertainment and theater area.  Before the development could move forward, however, an amendment to the Ohio constitution, which only allows for four commercial casino facilities, would be needed. 

According to a press release, the MVDG will submit a constitutional amendment to the Attorney General of Ohio for approval in the near future. Once the proposed amendment language is approved, the group must then collect approximately 350,000 signatures of registered Ohio voters to place the issue on the November ballot.  “The exciting aspect of this issue is that the voters will decide. The voters will have the power to decide whether they want a world class, full scale casino resort or a second tier, slot house at a horse racetrack,” said Rick Lertzman of MVDG.  “At this point we believe we will can place this issue on the ballot on November 6, 2012.  If not, we look toward the Spring 2013 primaries.”

The MVDG had previously planned to build a horse racetrack facility that featured video lottery terminals in the Youngstown, Ohio area.

Notably, the leaders of the MVDG, Mr. Lertzman and Dr. Brandon Pressman, have been involved with three prior gaming expansion ballot initiatives in Ohio, including most recently, a 2008 effort in Clinton County, located in southwest Ohio.  None of these prior gaming expansion attempts proved successful.

 

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