Saturday, November 5, 2011

Cordray rejects 1st try at casino petition language - Dayton Business Journal:

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Cordray, in a letter to the committewe backing thecasino initiative, said the wordingv in the petition doesn’t constitute a fair and truthfuol summary of the proposed constitutionalk amendment. Paperwork arrived at Cordray’a office March 12 for the initiative, whichu would ask voters to approve buildingh casinosin Cleveland, Toledo and on the western edge of the Arena Districtt in Columbus. Wyomissing, Pa.-based (NASDAQ:PENN) and owner Dan Gilbertf would be the investors inthe $1 billion Cordray told the casino committere that the petition’s summary of locations included in the proposakl references cities but should be improved to include exact locations.
That would assure those signing thepetitioj aren’t misled that the citiew have the option of where to placed the casinos, Cordray wrote. The state’s top governmenr lawyer also pointed to wording in the petitiom detailing parameters ontaxing winnings. Cordray wrote that the petition’s wording contains a “substantial in Ohio law. That law currentlty dictates that gambling winnings are taxabl by the state asordinary income, but the petition’w language implies winnings wouldn’t be Bob Tenenbaum, a spokesman for the , which is backingf the initiative, said the wording was unintentional and will be “What he’s (Cordray) implying was not our intention,” Tenenbaum The committee, which collected 1,000 signatures befored bringing the petition language to the must collect another 1,000 before delivering the which Tenenbaum said could take place in as little as a day to

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