Linky
What this means is that Mountaineer, Wheeling Island, and the Detroit/Windsor casinos will lose about a third of their business. Two of the casinos will be run by Cavaliers owner Dan Gilbert, who makes money on just about everything he touches. They will probably be running in about 2 1/2 to 3 years.
Lots of money for Gilbert (who probably will need it if LeBron James stays, which I think he will), but the state is charging way too little for the licenses...$50 million for each. Indiana, for example, charges $250 million. Per casino.
This is an opportunity for some to make a whole lot...and others to make a little, with the jobs and all. I'm usually ambivalent about casinos, but after examining the issue, I see why this one passed (too much being lost to other states).