Corey testified regarding House Bill 386, which would permit VLTs at Ohio's seven racetracks. Operator-run VLTs in liquor-licensed locations would create 7,000 new jobs and $450 million in new tax revenue, he forecast, citing estimates from the University of Cincinnati Applied Economics Research Institute. | SEE VIDEO
Fairness for the little guy was the theme of Corey's testimony. Small business people who work 70-hour weeks on family-owned businesses will be "out of luck and out of business" if they can't compete with gambling in nearby casinos and racetracks, he said. VLTs in racetracks "will be a death knell [for small operators]," he said. "Don't you think there should be a level playing field?"
The hospitality industry has shrunk drastically since 1995, Corey said. He reported that 300 bowling centers have closed and more than 60% of Ohio operators have exited the business.