Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

EDITORIAL: Another wager

Fri. November 07, 2008; Posted: 09:58 AM
Stocks RSS
Nov 07, 2008 (The Lima News - McClatchy-Tribune Information Services via COMTEX) -- PENN | Quote | Chart | News | PowerRating -- Ohio voters saying no a fourth time to gambling isn't likely to be the last word. Casino backers expect to return next year with what they think will be better odds.

Proponents of state Issue 6, which would have allowed a resort casino in Clinton County, expect to come back with a clearer proposal for multiple casinos, The Columbus Dispatch reported. It remains to be seen what, if anything, reaches the ballot, but those opposed to any type of gambling might find some of their previous allies dropping off.

The partners in Issue 6 have begun talking to other investors. One of the partners, Rick A. Lertzman, told The Dispatch a new measure could include casinos in Cleveland, Columbus, Cincinnati, Toledo and Youngstown. One of the major criticisms of Issue 6 was that it would amend the Ohio Constitution for the sake of one casino operator in one location. Constitutional refiguring for the sake of a small group of operations isn't any better, but it's also not likely to bother many people.

David P. Zanotti, from the Vote No Casinos committee, said he expects some other developer to bring a casino to the ballot. He said one could be Penn National Gaming, which owns the Argosy Casino in Indiana and spent $27 million to defeat Issue 6.

Finally, clearer ballot language would eliminate the conflicting and confusing TV commercials. Would a loophole possibly allow the Clinton County casino to pay zero taxes? Would the amendment really exempt the casino from state and local laws? You'd think so based on one commercial, then be told otherwise in the next. Such confusion about the facts can't help.

This is not to say any casino issue actually will be on the ballot next year. It doesn't mean other investors would be involved, nor does it mean such an issue would be free of the extra opposition Issue 6 drew.

But those who oppose gambling in and of itself might not want to bet that those things won't happen.

To see more of The Lima News or to subscribe to the newspaper, go to http://www.limanews.com. Copyright (c) 2008, The Lima News, Ohio Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

For full details on Penn National Gaming Inc (PENN) click here. Penn National Gaming Inc (PENN) has Short Term PowerRatings of 4. Details on Penn National Gaming Inc (PENN) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [PENN]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.