Scioto Downs

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PNGI: Status Quo on Ohio Tracks for Now

Penn National Gaming Inc., which owns two racetracks in Ohio, said it will run full live racing schedules at both tracks for the rest of this year and possibly next year depending on resolution of a legal challenge.

MTR Gaming Bids Farewell to Arneault

A public changing of the guard at MTR Gaming Group Inc. was experienced Oct. 31 during a conference call with analysts and shareholders, as the company bid farewell to longtime chief Ted Arneault and welcomed his successor Robert Griffin.

Officials: Sale of Scioto to MTR Gaming a Go

Officials with Scioto Downs in Columbus, Ohio, said May 22 all systems are go on its purchase by MTR Gaming Group, owner of Mountaineer Race Track & Gaming Resort in West Virginia.

Ohio Panel Conditionally Approves Racetrack Sale

  • News

The Ohio Racing Commission has conditionally approved the sale of Scioto Downs, a Columbus Standardbred track, to MTR Gaming, owner of Mountaineer Race Track & Gaming Resort in West Virginia.

Mountaineer Parent Seeks Money for Expansion

  • News

MTR Gaming Group, owner of Mountaineer Race Track and Gaming Resort in West Virginia, is pursuing the issuance of $130 million in senior notes through a private placement, business wires reported Feb. 26. The money for be used for several projects, including development of a track in Pennsylvania.

Magna Appeals Licensing of Proposed Erie Track

  • News

Magna Entertainment's Pennsylvania subsidiary has appealed a decision by regulators to grant MTR Gaming a license to build Presque Isle Downs, a Thoroughbred racetrack proposed for the Erie area.

Senate Researches Racetrack VLTs in Ohio

The Ohio Senate has begun research to see whether the question of racetrack video lottery terminals can be put on the ballot in the seven counties that have tracks. The state needs money to fund its education program and, as the newspaper reported Thursday, also needs revenue to offset a decline in tax receipts. Income from taxes is expected to be $850 million short of projections through early 2003.

Two Ohio Tracks Poised for Simulcasting War

Having failed to renew an agreement that has kept them from competing against each other for simulcasting dollars, two Ohio racetracks located only five miles apart seem poised to go head-to-head in 2001 in a battle that could prove bloody.

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