Casino investors refuse background checks, may delay opening
Fri, 09 Dec 2011 11:40:37 GMT —
A board of directors' refusal to submit background investigations could push back the opening of the Glass City's new casino.
According to The Blade, the Ohio Casino Control Commission sent a letter demanding every member of holding and management companies involved with Hollywood Casino participate in the license application process for casino operators. So far, the casino's investment group, Fortress, has submitted its required application as a company, but ten directors will not submit individual background check applications.
All personnel of Penn National Gaming Inc., the casino's owner, already submitted individual applications.
"The commission has had a number of meetings where it has expressed its desire and set deadlines for filings to the legal representatives of Penn National and Fortress," said Matt Schuler, Ohio Casino Control Commision executive director, to the newspaper. "They have indicated that members of the board of Fortress are holding back their applications to see if legislative changes in the definition of 'holding company' go through the [Ohio] General Assembly."
Penn faced similar problems with obtaining their casino operator's license and the Casino Control Commission in October.