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Penn National is not making any friends as they continue to build their casino empire in the United States. Last week, they reneged on a deal that was in place to operate a state owned casino in Kansas.
This week, they have come out against a constitutional amendment that is on the ballot in Ohio. The amendment would allow for a casino in Clinton County. The reason for their opposition is quite comical.
They used the word "monopoly" in their opposition to the new casino. They claim that a casino in Clinton County would create a "monopoly" for the new casino in the state of Ohio. One Issue 6 reporter hit the nail right on the head when commenting on Penn National’s stance.
"Penn National (and) Argosy Casino are simply looking out for their business interests at the expense of the Ohio taxpayers. They should know the word monopoly, because they are one. They’ve been monopolizing the Cincinnati market for almost twelve years," said Rick Lertzman.
Lertzman raises an interesting point. Penn National pulled out of their deal in Kansas because they would not be able to monopolize the casino market in Cherokee County. Their main reason for going back on their deal was that the site for the new casino would have been too close to a neighboring tribal casino.
The fact that Penn National would have had competition and would not have been able to monopolize the area was a poor excuse for getting out of the casino project.
The other reason they pulled out of the Cherokee deal was that they were denied a contract they bid on in one of the other three counties that are receiving a new casino in Kansas. Had they been given that bid, they would have controlled two of the four casinos in the state of Kansas. That sounds a lot like a monopoly.
Source:http://www.casinogamblingweb.com/
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