Racino

Developing
7:04 am
Tue February 5, 2013

Ohio Casino Revenue May Be Less Than Projected

Gov. John Kasich's budget proposal suggests that revenue from Ohio's four voter-approved casinos could be about half of what officials had predicted years ago.

The Cleveland Plain Dealer reports that state officials estimated four years ago that the casinos could take in as much as $1.9 billion a year after all were in operation.

But Kasich's budget proposal issued Tuesday projects that gross casino revenue will be $957.7 million for the fiscal year beginning July 1. It could rise to just over $1 billion in the following fiscal year.

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The Economy & Business
7:05 am
Thu January 24, 2013

City Leaders Clear Way for Dayton Racino

Dayton city officials have approved development plans for a $125 million racino on the former site of an automotive plant.

Construction is expected to begin this spring on the harness-racing track, which will include a 600-seat grandstand and 1,500 slots-like video terminals. It's being built on the site of a razed Delphi plant and is expected to open in mid-2014.

The Dayton Daily News reports that project is expected to create 1,000 jobs and another 1,000 during construction.

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Politics
12:15 pm
Thu January 17, 2013

Lawyers Spar in Challenge to Ohio Racetrack Slots

A court has heard competing arguments on whether an anti-gambling group should be allowed to go forward with its challenge to Gov. John Kasich's decision to allow slots-like video lottery terminals at Ohio horse tracks.

The Ohio Roundtable was denied legal standing in May to bring its lawsuit. The complaint alleges Kasich's authorization of racinos is unconstitutional because voters must approve expansions of the lottery.

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The Economy & Business
8:04 am
Mon January 14, 2013

Company to Lay Foundation for Dayton Racino in April

A gaming company says it plans to start laying the foundation for a new horse racing track in southwest Ohio in April, if weather permits demolition and environmental remediation work remains on schedule.

Penn National Gaming Inc. plans to open Hollywood Slots at Dayton Raceway on the site of a shuttered auto plant. But the track still faces some obstacles.

The Dayton Daily News reports that the gaming company's applications to state commissions to relocate Raceway Park from Toledo to Dayton and to become a video lottery sales agent are pending.

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Statewide News
7:05 am
Tue November 13, 2012

New Racino Project Moves Ahead in Southwest Ohio

Authorities in Warren County are moving ahead on a planned $175 million "racino" in southwest Ohio near Interstate 75 and Monroe.

The 120-acre site would include a harness racing track with grandstand and an indoor site with 2,500 video lottery terminals. The Cincinnati Enquirer reports restaurants, a gift shop and other buildings also are planned. The racino is projected to employ 700 people.

County commissioners in Lebanon plan a hearing Tuesday on the project, after earlier approving a tax plan to fund road and other public improvements around the site.

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