Friday, December 23, 2011

MTR Gaming Applies for Ohio VLT License | BloodHorse.com

Updated: Tuesday, December 20, 2011 8:01 PM
Posted: Tuesday, December 20, 2011 5:35 PM

The parent company of Mountaineer Casino, Racetrack & Resort in West Virginia and Presque Isle Downs & Casino in Pennsylvania is the first to apply for a video lottery terminal license in Ohio.

MTR Gaming Group said Dec. 20 it has submitted its application for VLTs at Scioto Downs with the Ohio Lottery Commission, which is licensing racetracks as gaming vendors under a law passed earlier this year. Scioto Downs is a harness track located just south of Columbus.

Of the seven Ohio racetracks, five are owned by casino companies. MTR Gaming is the first to apply for racetrack VLT license.

Should Penn National Gaming Inc. proceed with plans to request the relocation of Beulah Park, a Thoroughbred track near Columbus, Scioto Downs would be the site of year-round full-card simulcasts. PNGI is building a full-scale casino in Columbus.

The gaming application comes despite a lawsuit filed by the Ohio Roundtable, a public policy group that is fighting the VLT law. It claims racetrack VLTs must be approved in a statewide referendum as were four casinos in 2009.

The company said after reviewing Ohio Attorney General Mike DeWine?s response to the lawsuit, it is comfortable continuing the process of building and opening a gaming facility at Scioto Downs. MTR Gaming said it ?continues to believe the facility will open in the second quarter of 2012.?

Racetracks can have a minimum of 2,500 VLTs but can request more under regulations adopted by the lottery commission.

DeWine in his request to have the lawsuit tossed said the Ohio Roundtable ?has not established any direct interest or injury sufficient to establish standing, so this lawsuit should be dismissed in its entirety.? He said the lawsuit?s claims ?are simply not ripe for judicial review.?

MTR Gaming president and chief executive officer Jeffrey Dahl said the company is confident the suit has no merit.

?We look forward to receiving our license?which we expect to be issued within a reasonable time frame?and developing the Scioto Downs VLT facility, which we believe will drive significant long-term stockholder value and create hundreds of jobs in the Columbus area,? Dahl said in a statement.

Other Ohio tracks owned by casino companies are River Downs, Thistledown, and Raceway Park. Lebanon Raceway and Northfield Park currently are privately owned.

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Source: http://www.bloodhorse.com/horse-racing/articles/66664/mtr-gaming-applies-for-ohio-vlt-license

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