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Gilbert Group is a company headed up by Dan Gilbert, owner of the Cleveland Cavaliers. His success in sports is now bringing him to a new business venture. Gilbert Group is set to take on the substantial task of opening casinos in both Cleveland and Cincinnati Ohio. Ohio of course is a state that has been heavy in debates over the question of casinos in the past few years. Voters opted to agree for four state of the art casinos being built in its borders. The four casinos are set to bring much-needed finances to the state but also to create jobs, another thing that the state needs.

The recession cut millions of jobs worldwide and Ohio was not immune. The state lost jobs and its unemployment rate sweltered at its height. This is why most voters were approving of bringing in the four casinos to spur on the economy of the state. There still were some voters who were wary of the move, but overall the pro-gambling residents won via sheer numbers of support. Now, Gilbert Group is set to take on the mission of two of those casinos and has a vision for greatness for each. He has commissioned Harrah’s Entertainment to do the actual building of the casinos and instill the state of the art games, casino floor and amenities for visitors. It is hoped that these two casinos will be a hub of gambling in the Ohio area, even gathering customers from neighboring states who want better gaming. The world of gambling is highly competitive and customers already know that if they can’t find what they want at their local casino, most likely what they do want is a few hours away. Or, at most they can log into an online casino for their gaming needs. This is why it is a great time to get in on gambling because of the sheer number of outstanding options. Gilbert Group is entering a competitive market, but with the expertise of Harrah’s Entertainment and the funds needed, most likely the two new casinos in Ohio will be premiere from the time they open for business.

Voters in Ohio have spoken and they have voted for the opening of four casinos within the state. Although the Ohio voting public has not been positive about gambling in the past, it seems that the tide has turned. The four main cities getting new casinos have been pining for them for some time. Casinos in Cincinnati, Columbus, Toledo and Cleveland all aspire to increase the Ohio gambling tax revenue and help shore up huge deficits that resulted from the recession.  This is a landmark now that the casinos have finally gained the voting publics’ support through referendum.

One party that is not as excited about Ohio’s gambling increase is Michigan. In particular, it’s Detroit that is having issue with the addition of four new state-of-the-art facilities in its neighboring state.  Detroit currently has a gambling market that brings in $1.3 billion annually and legislators are afraid the new casinos will jeopardize their huge dollars.  Detroit’s casinos draw on thousands of Ohio visitors, and parts of Michigan are closer to Toledo than Detroit.  Both states share millions of dollars from casino taxes, and any loss of customers could hurt their already depressed revenues. Although the Detroit Metro Convention & Visitors Bureau says the area’s hotels, sports and entertainment attractions will continue making Detroit a big gambling draw, some are disputing that claim.

Some critics believe that with four large casinos, in particular the Toledo location, gambling money is sure to be split. Market analyst James Singleton stated, “It surely will have an affect on the Michigan market. Whenever you have big-name competitors enter your market you have to be afraid…without some intense marketing efforts Michigan will see a decline, even if it is only temporary when the Toledo casino initially opens.”  The Michigan gambling market will need to put some serious efforts into maintaining their market share for the 2010 fiscal year. The four casinos soon to be up and running in Ohio are already slated as million-dollar venues with state-of-the-art facilities. They are being built from the ground up using top-notch elements from the very beginning. Singleton added, “These are going to be premiere venues and if I were Michigan I would be at minimum concerned.”