The state's four casinos brought in
In slot revenue alone, the racinos already exceed casinos. One reason why racinos are gaining momentum: location.
"The advantage the racinos have is that the majority of them are in the suburbs and a lot of people don't want to drive into the main cities," said
"This facility doesn't take a back seat to any facility," DeWitt said Wednesday while conducting a media tour. "There's been a lot of talk about market saturation, but we feel real good about the
Miami Valley Gaming, in
MVG has 1,600 slot machines; the
"(Miami Valley Gaming) had a really nice month last month, which is very encouraging to us as well," he said. "We feel we will definitely do very well in this market also."
With seven racinos operating more than 8,500 video lottery terminals, or slot machines, and offering harness or thoroughbred racing, the facilities pose a significant challenge to the state's four casinos, which offer slots and table games.
"They will surpass the casino revenue," Silver said. "If you add tables games into the equation it'll be a runaway situation, where the racinos are just going to really out-perform the four casinos."
Silver expects the racinos to lobby the state for table games in "two to three years."
Racinos were approved by the state legislature in July 2o11.
"We started with a constitutional amendment that basically limited gaming, as we think of it, to four casinos," Penn National spokesman
"What is the landscape? We think, as a company, that within the next four-to-five years,
Last year, the casinos and racinos generated combined revenue of slightly more than
Penn National operates two of
At Hollywood Gaming at
Among the many food offerings will be the Skybox restaurant, where customers can eat a steak and watch the action on the gaming floor and the harness-racing track. A nearby lounge will include several big-screen televisions.
The paddock, with 125 horse stalls, is nearly finished. It features radiant heat for the cold months and a 400-gallon hot water heater. The five-eighths-mile track is a composite, all-weather surface, which allows for racing in inclement conditions.
The racino is expected to employ about 500 people, DeWitt said. Racing begins
"If things go well this week with all of our permitting and other licensing requirements we will definitely announce something next week," DeWitt said.
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