US – Miami Valley set for US$100m racino expansionBy Phil - 5 November 2019
Miami Valley Gaming & Racing, Churchill Downs’ joint venture racino with Delaware North Gaming & Entertainment, is to build a hotel, parking garage and expanded gaming floor and add up to 250 additional video lottery terminals.
The $100m expansion at the Turtlecreek Township, Ohio, property is scheduled to be completed by the second quarter of 2021 and will be financed with debt at the joint venture. The proposed project will include 192 rooms and suites, a new full-service restaurant, coffee bar and 1,000-car parking garage, which will allow MVG to expand the geographical market reach of the property. The expansion will add over 10,000 square feet of gaming floor space and increase the number of VLTs in operation to approximately 2,200.
“Miami Valley Gaming has been very successful since it was built in 2013, and the team has consistently driven strong growth while also being a great asset to their community,” said Bill Carstanjen, CEO of Churchill Downs Incorporated. “This investment will enable MVG to meet the increased demand from a broader geographical reach and enhance the guest experience with high-quality amenities.”
MVG currently employs over 450 people and has delivered more than $270m in gaming taxes to the Ohio Lottery and $83 million in purses to the Ohio Harness Horseman’s Association since opening. The project will create an estimated 300 construction jobs as well as over 100 additional full-time employment opportunities.