International edition
September 27, 2020

In Ohio

Pinnacle paid US$45 million in cash for River Downs

(US)-. Pinnacle finished River Downs acquisition, which sits on 1, 5 hectare along the Ohio River. Anthony Sanfilippo, CEO of the company, said they will try to “quickly move to revitalize River Downs as a new gaming, racing and entertainment destination if video lottery terminals become operational in Ohio”.

Its location is expected to complement our existing Belterra Casino Resort, less than one hour away,” he said of the gambling complex in southern Indiana.

Driving the deal was the prospect of slot machines being permitted at Ohio’s horse tracks, a state revenue-raising step that nearly died under a constitutional challenge but was back on the table near the end of former Democratic Gov. Ted Strickland’s term. Republican Gov. John Kasich hasn’t weighed in on whether he might use the plan.

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