Cincinnati casino gets gaming license despite debt issue
Written by AMANDA LEE MYERS, Associated Press   
Wednesday, 13 February 2013 16:47

CINCINNATI (AP) — Ohio's fourth voter-approved casino has cleared a major hurdle before it will be allowed to open to the public in three weeks.

The Ohio Casino Control Commission on Wednesday issued a gaming license to the $400 million Horseshoe Cincinnati.

The commission made that decision after discussing concerns about the $20 billion of debt of one of the casino's developers, Caesars Entertainment Corporation. The commission concluded that Caesars is currently meeting its debt obligations, but will be required to provide updates of its financial stability.

The casino's scheduled March 4 opening is contingent on a dry run of the facility on Feb. 27.

The casino will have to fix any problems identified during the dry run before opening day. If any major problems are identified, the opening could be delayed.


Copyright 2013 The Associated Press.

 

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