A newly released rendering of what Cincinnati's
Horseshoe Casino could look like.
(Lawrenceburg, Ind.) - Competition for southeast Indiana’s riverboats may be coming later than expected.
Rock Gaming is the operator of the future $400 million dollar Horseshoe Casino in Cincinnati.
It was slated for a late-2012 opening, but now the company says that has been pushed back to 2013, the Cincinnati Enquirer reports. The size of the casino could also be downsized from the current 350,000-square-foot, 2,300 slot machines, and 72 gaming tables plan.
Rock Gaming points to Ohio Governor John Kasich’s demand that the casinos pay more in taxes and fees. That has led the company to delay ordering steel necessary to begin raising the facility’s frame.
In 2009, Ohio voters approved a constitutional amendment allowing casino revenues to be taxed at 33 percent and operators to pay a $50 million licensing fee. Kasich has said he wants to raise those figures.
A study by Spectrum Gaming Group determined Cincinnati’s casino could siphon $181 million a year in revenues and $57.4 million in taxes from the three southeast Indiana riverboats.