International edition
September 22, 2020

To cities in Ohio that are not already slated for casinos

Penn National Gaming would relocate its racetracks if slot machines are approved

(US).- The company will relocate its two Ohio racetracks, including Beulah Park, to cities in the state that are not already slated for casinos if the state government allows it to operate slot machines at the facilities.

T

his would allow Penn National to open a total of four casinos in the state in four different markets, without local competition from any other gambling facilities.

Slot machines are not currently legal at Ohio’s seven racetracks, but Governor John Kasich is considering a proposal to legalize the devices at the facilities without legislative approval or a statewide vote.

 Casino companies, including Penn National, have been lobbying heavily to influence the process in the hope of gaining additional slot-machine licenses; Penn’s proposal to spend US$400 million to build the two new relocated facilities is part of that strategy.

If slot machines are approved at the tracks, Beulah’s operations would be moved 112,65 kilometers west to Dayton, in the southwestern region of the state. Dayton is approximately 48, 28 kilometers east of Indiana, where casinos are legal and 96,56 kilometers north of Kentucky, where casinos are not legal.

Penn’s other Ohio track, the harness facility Raceway Park in Toledo, would be moved 281,64 kilometers east to Youngstown, in the northeastern part of the state, near the border of Pennsylvania, where casinos are legal. A separate investor’s group has announced that they are also seeking a racing license in Youngstown, solely in the hopes of winning a casino license.

Penn National owns 23 gambling facilities in 16 jurisdictions. Peter Carlino, CEO of the company, said that Penn has been actively seeking racetrack properties over the past several years because “racetracks tend to end up with slots. Operating tracks at a loss is not in our long-term plan. We will continue to ratchet down costs. We’ll be tough and brutal about that. We’re not running a public charity.”

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook